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 | |
|---|---|---|---|---|---|---|
776
Hanover Insurance
THG
$7.96B
| $95.8M | 0.01% |
+447,262
| New | +$84.7M |
|
|
JBTM
777
JBT Marel
JBTM
$6.1B
| $95.4M | 0.01% |
+658,261
| New | +$85.2M |
|
778
Unilever
UL
$140B
| $95.2M | 0.01% |
+1,583,098
| New | +$91.5M |
|
779
Gates Industrial Corp
GTES
$6.62B
| $95.1M | 0.01% |
+3,400,574
| New | +$87.4M |
|
780
Columbia Banking Systems
COLB
$8.59B
| $95.1M | 0.01% |
+2,966,686
| New | +$88.1M |
|
781
CDW
CDW
$18.7B
| $95.1M | 0.01% |
+675,892
| New | +$84.9M |
|
782
Silicon Laboratories
SLAB
$7.3B
| $94.6M | 0.01% |
+432,970
| New | +$93.6M |
|
783
Watts Water Technologies
WTS
$12.3B
| $94.5M | 0.01% |
+241,492
| New | +$75.3M |
|
784
Crocs
CROX
$5.9B
| $94.4M | 0.01% |
+782,672
| New | +$85.5M |
|
785
Donaldson
DCI
$10.6B
| $94.3M | 0.01% |
+1,050,604
| New | +$90.4M |
|
786
Kratos Defense & Security Solutions
KTOS
$9.87B
| $94.2M | 0.01% |
+1,889,341
| New | +$114M |
|
787
Manhattan Associates
MANH
$13.1B
| $94.1M | 0.01% |
+675,793
| New | +$93.1M |
|
788
Birkenstock
BIRK
$5.98B
| $93.8M | 0.01% |
+2,179,036
| New | +$88M |
|
789
Okta
OKTA
$29.4B
| $93.6M | 0.01% |
+685,697
| New | +$64.5M |
|
|
FRVO
790
Fervo Energy
FRVO
$4.5B
| $93.5M | 0.01% |
+3,200,000
| New | +$116M |
|
791
Prosperity Bancshares
PB
$8.74B
| $93.5M | 0.01% |
+1,280,503
| New | +$89.1M |
|
792
Tetra Tech
TTEK
$9.39B
| $93.3M | 0.01% |
+3,230,988
| New | +$94.8M |
|
793
Kirby Corp
KEX
$7.34B
| $93M | 0.01% |
+683,912
| New | +$97.8M |
|
794
Fortune Brands Innovations
FBIN
$5.4B
| $92.8M | 0.01% |
+1,690,557
| New | +$67.7M |
|
|
OKLO
795
Oklo
OKLO
$7.7B
| $92M | 0.01% |
+1,758,267
| New | +$110M |
|
796
Southwest Airlines
LUV
$19.6B
| $92M | 0.01% |
+1,788,321
| New | +$75.1M |
|
797
Rexford Industrial Realty
REXR
$8.28B
| $91.5M | 0.01% |
+2,732,602
| New | +$95.6M |
|
798
A.O. Smith
AOS
$8.19B
| $91.2M | 0.01% |
+1,454,608
| New | +$88.2M |
|
799
Stantec
STN
$8.41B
| $90.9M | 0.01% |
+1,319,706
| New | +$106M |
|
800
Simpson Manufacturing
SSD
$7.4B
| $90.9M | 0.01% |
+434,349
| New | +$81.3M |
|
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.