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 | |
|---|---|---|---|---|---|---|---|
776
Hanover Insurance
THG
$7.72B
| $95.8M | 0.01% |
+447,262
| New | +$84.7M |
2013 Q2
52 quarters
|
|
777
JBT Marel
JBTM
$5.54B
| $95.4M | 0.01% |
+658,261
| New | +$85.2M |
2013 Q2
52 quarters
|
|
778
Unilever
UL
$136B
| $95.2M | 0.01% |
+1,583,098
| New | +$91.5M |
2020 Q4
22 quarters
|
|
779
Gates Industrial Corp
GTES
$6.64B
| $95.1M | 0.01% |
+3,400,574
| New | +$87.4M |
2021 Q3
19 quarters
|
|
780
Columbia Banking Systems
COLB
$8.07B
| $95.1M | 0.01% |
+2,966,686
| New | +$88.1M |
2022 Q3
15 quarters
|
|
781
CDW
CDW
$18B
| $95.1M | 0.01% |
+675,892
| New | +$84.9M |
2014 Q2
48 quarters
|
|
782
Silicon Laboratories
SLAB
$7.4B
| $94.6M | 0.01% |
+432,970
| New | +$93.6M |
2013 Q2
52 quarters
|
|
783
Watts Water Technologies
WTS
$11.7B
| $94.5M | 0.01% |
+241,492
| New | +$75.3M |
2013 Q2
52 quarters
|
|
784
Crocs
CROX
$5.6B
| $94.4M | 0.01% |
+782,672
| New | +$85.5M |
2022 Q3
15 quarters
|
|
785
Donaldson
DCI
$10B
| $94.3M | 0.01% |
+1,050,604
| New | +$90.4M |
2013 Q2
52 quarters
|
|
786
Kratos Defense & Security Solutions
KTOS
$7.81B
| $94.2M | 0.01% |
+1,889,341
| New | +$114M |
2019 Q3
27 quarters
|
|
787
Manhattan Associates
MANH
$12.7B
| $94.1M | 0.01% |
+675,793
| New | +$93.1M |
2013 Q2
52 quarters
|
|
788
Birkenstock
BIRK
$5.59B
| $93.8M | 0.01% |
+2,179,036
| New | +$88M |
2023 Q4
10 quarters
|
|
789
Okta
OKTA
$39.7B
| $93.6M | 0.01% |
+685,697
| New | +$64.5M |
2018 Q3
31 quarters
|
|
790
Fervo Energy
FRVO
$3.79B
| $93.5M | 0.01% |
+3,200,000
| New | +$116M |
2026 Q2
0 quarters
|
|
791
Prosperity Bancshares
PB
$7.98B
| $93.5M | 0.01% |
+1,280,503
| New | +$89.1M |
2013 Q2
52 quarters
|
|
792
Tetra Tech
TTEK
$8.57B
| $93.3M | 0.01% |
+3,230,988
| New | +$94.8M |
2013 Q2
52 quarters
|
|
793
Kirby Corp
KEX
$7.17B
| $93M | 0.01% |
+683,912
| New | +$97.8M |
2013 Q2
52 quarters
|
|
794
Fortune Brands Innovations
FBIN
$4.61B
| $92.8M | 0.01% |
+1,690,557
| New | +$67.7M |
2013 Q2
52 quarters
|
|
795
Oklo
OKLO
$5.99B
| $92M | 0.01% |
+1,758,267
| New | +$110M |
2025 Q4
2 quarters
|
|
796
Southwest Airlines
LUV
$19.9B
| $92M | 0.01% |
+1,788,321
| New | +$75.1M |
2013 Q2
52 quarters
|
|
797
Rexford Industrial Realty
REXR
$8.36B
| $91.5M | 0.01% |
+2,732,602
| New | +$95.6M |
2016 Q3
39 quarters
|
|
798
A.O. Smith
AOS
$7.69B
| $91.2M | 0.01% |
+1,454,608
| New | +$88.2M |
2013 Q2
52 quarters
|
|
799
Stantec
STN
$7.51B
| $90.9M | 0.01% |
+1,319,706
| New | +$106M |
2013 Q2
52 quarters
|
|
800
Simpson Manufacturing
SSD
$6.97B
| $90.9M | 0.01% |
+434,349
| New | +$81.3M |
2013 Q2
52 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.