Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$67B |
| 2 |
Apple
AAPL
|
+$54.6B |
| 3 |
Microsoft
MSFT
|
+$41.6B |
| 4 |
Amazon
AMZN
|
+$35.3B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$29.1B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.64% |
| 2 | Financials | 13.2% |
| 3 | Consumer Discretionary | 9.65% |
| 4 | Communication Services | 9.61% |
| 5 | Healthcare | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Millicom
TIGO
$15.6B
| $105M | 0.01% |
+1,158,004
| New | +$97.5M |
|
752
CAVA Group
CAVA
$7.82B
| $104M | 0.01% |
+1,328,728
| New | +$111M |
|
753
Alcoa
AA
$13.5B
| $103M | 0.01% |
+1,983,072
| New | +$133M |
|
754
Henry Schein
HSIC
$10.1B
| $103M | 0.01% |
+1,237,832
| New | +$94.6M |
|
755
Equinox Gold
EQX
$15.7B
| $103M | 0.01% |
+10,546,728
| New | +$136M |
|
756
Fox Class B
FOX
$25.4B
| $103M | 0.01% |
+2,190,825
| New | +$122M |
|
757
Jackson Financial
JXN
$9.04B
| $102M | 0.01% |
+998,581
| New | +$108M |
|
758
AXIS Capital
AXS
$7.23B
| $102M | 0.01% |
+949,485
| New | +$95.2M |
|
759
Federal Signal
FSS
$7.35B
| $102M | 0.01% |
+793,191
| New | +$91M |
|
760
UMB Financial
UMBF
$11B
| $101M | 0.01% |
+705,322
| New | +$90.7M |
|
761
Terex
TEX
$7.38B
| $100M | 0.01% |
+1,381,341
| New | +$86.4M |
|
762
Bio-Techne
TECH
$11.4B
| $99.9M | 0.01% |
+1,413,639
| New | +$76.3M |
|
|
JHG
763
DELISTED
Janus Henderson
JHG
| $99.2M | 0.01% |
+1,910,397
| New | +$98.8M |
|
764
Commerce Bancshares
CBSH
$8.33B
| $98.7M | 0.01% |
+1,709,540
| New | +$89.7M |
|
765
Franklin Templeton
BEN
$17.7B
| $98.4M | 0.01% |
+2,956,401
| New | +$88.5M |
|
766
Old Republic International
ORI
$10.2B
| $98.1M | 0.01% |
+2,398,290
| New | +$95M |
|
767
Avnet
AVT
$7.51B
| $97.6M | 0.01% |
+1,098,441
| New | +$89.8M |
|
768
InterDigital
IDCC
$8.64B
| $97.5M | 0.01% |
+344,324
| New | +$102M |
|
769
The Mosaic Company
MOS
$7.55B
| $97.2M | 0.01% |
+4,587,982
| New | +$106M |
|
770
Match Group
MTCH
$9.46B
| $96.6M | 0.01% |
+2,537,627
| New | +$89.9M |
|
771
Ralph Lauren
RL
$21B
| $96.4M | 0.01% |
+240,249
| New | +$89.4M |
|
772
Krystal Biotech
KRYS
$10.6B
| $96.3M | 0.01% |
+259,030
| New | +$77.4M |
|
773
Essential Properties Realty Trust
EPRT
$6.57B
| $96.2M | 0.01% |
+3,223,066
| New | +$100M |
|
774
Revvity
RVTY
$14.5B
| $96.2M | 0.01% |
+864,489
| New | +$83.3M |
|
|
SUNC
775
SunocoCorp LLC
SUNC
$3.95B
| $95.8M | 0.01% |
+1,415,751
| New | +$92.7M |
|
Similar funds
Norges Bank's Q2 2026 Portfolio in Review
As of Q2 2026, Norges Bank held 1,617 positions worth $1T. Its ten largest holdings account for 32% of the portfolio.
Norges Bank deployed $972B of net new capital in Q2 2026, opening 1,617 new positions. Its largest new stake was NVIDIA: 325,951,734 shares worth $65.2B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q2 2026 buy was NVIDIA: 325,951,734 shares worth $65.2B.
- Norges Bank's ten largest holdings make up 32% of its $1T portfolio in Q2 2026.
- Norges Bank opened 1,617 new positions and closed 0 in Q2 2026.
Based on Norges Bank's 13F filing for Q2 2026, filed 12 Aug 2026.