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 | Held Since | |
|---|---|---|---|---|---|---|---|
751
Millicom
TIGO
$13.5B
| $105M | 0.01% |
+1,158,004
| New | +$97.5M |
2026 Q2
0 quarters
|
|
752
CAVA Group
CAVA
$6.14B
| $104M | 0.01% |
+1,328,728
| New | +$111M |
2024 Q3
7 quarters
|
|
753
Alcoa
AA
$11B
| $103M | 0.01% |
+1,983,072
| New | +$133M |
2013 Q2
52 quarters
|
|
754
Henry Schein
HSIC
$9.39B
| $103M | 0.01% |
+1,237,832
| New | +$94.6M |
2013 Q2
52 quarters
|
|
755
Equinox Gold
EQX
$13.1B
| $103M | 0.01% |
+10,546,728
| New | +$136M |
2020 Q3
23 quarters
|
|
756
Fox Class B
FOX
$23.6B
| $103M | 0.01% |
+2,190,825
| New | +$122M |
2019 Q1
29 quarters
|
|
757
Jackson Financial
JXN
$8.89B
| $102M | 0.01% |
+998,581
| New | +$108M |
2021 Q3
19 quarters
|
|
758
AXIS Capital
AXS
$7.1B
| $102M | 0.01% |
+949,485
| New | +$95.2M |
2013 Q2
52 quarters
|
|
759
Federal Signal
FSS
$7.01B
| $102M | 0.01% |
+793,191
| New | +$91M |
2013 Q2
52 quarters
|
|
760
UMB Financial
UMBF
$9.97B
| $101M | 0.01% |
+705,322
| New | +$90.7M |
2013 Q2
52 quarters
|
|
761
Terex
TEX
$5.87B
| $100M | 0.01% |
+1,381,341
| New | +$86.4M |
2013 Q2
52 quarters
|
|
762
Bio-Techne
TECH
$11.4B
| $99.9M | 0.01% |
+1,413,639
| New | +$76.3M |
2013 Q2
52 quarters
|
|
763
DELISTED
Janus Henderson
JHG
| $99.2M | 0.01% |
+1,910,397
| New | +$98.8M |
2017 Q2
36 quarters
|
|
764
Commerce Bancshares
CBSH
$7.83B
| $98.7M | 0.01% |
+1,709,540
| New | +$89.7M |
2013 Q2
52 quarters
|
|
765
Franklin Templeton
BEN
$16.2B
| $98.4M | 0.01% |
+2,956,401
| New | +$88.5M |
2013 Q2
52 quarters
|
|
766
Old Republic International
ORI
$9.19B
| $98.1M | 0.01% |
+2,398,290
| New | +$95M |
2013 Q2
52 quarters
|
|
767
Avnet
AVT
$7.99B
| $97.6M | 0.01% |
+1,098,441
| New | +$89.8M |
2013 Q2
52 quarters
|
|
768
InterDigital
IDCC
$8.47B
| $97.5M | 0.01% |
+344,324
| New | +$102M |
2013 Q2
52 quarters
|
|
769
The Mosaic Company
MOS
$5.99B
| $97.2M | 0.01% |
+4,587,982
| New | +$106M |
2013 Q2
52 quarters
|
|
770
Match Group
MTCH
$9.53B
| $96.6M | 0.01% |
+2,537,627
| New | +$89.9M |
2020 Q3
23 quarters
|
|
771
Ralph Lauren
RL
$22.2B
| $96.4M | 0.01% |
+240,249
| New | +$89.4M |
2023 Q4
10 quarters
|
|
772
Krystal Biotech
KRYS
$9.83B
| $96.3M | 0.01% |
+259,030
| New | +$77.4M |
2022 Q3
15 quarters
|
|
773
Essential Properties Realty Trust
EPRT
$5.58B
| $96.2M | 0.01% |
+3,223,066
| New | +$100M |
2020 Q1
25 quarters
|
|
774
Revvity
RVTY
$17.4B
| $96.2M | 0.01% |
+864,489
| New | +$83.3M |
2013 Q2
52 quarters
|
|
775
SunocoCorp LLC
SUNC
$3.86B
| $95.8M | 0.01% |
+1,415,751
| New | +$92.7M |
2025 Q4
2 quarters
|
|
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.