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 | |
|---|---|---|---|---|---|---|---|
801
UGI
UGI
$8.08B
| $90.8M | 0.01% |
+2,627,450
| New | +$92.9M |
2013 Q2
52 quarters
|
|
802
Travel + Leisure Co
TNL
$3.8B
| $90.5M | 0.01% |
+1,184,463
| New | +$83.2M |
2013 Q2
52 quarters
|
|
803
Hubbell
HUBB
$25B
| $90.3M | 0.01% |
+172,552
| New | +$87.1M |
2015 Q4
42 quarters
|
|
804
Armstrong World Industries
AWI
$6.84B
| $90.2M | 0.01% |
+562,406
| New | +$91.9M |
2013 Q2
52 quarters
|
|
805
Allegro MicroSystems
ALGM
$6.3B
| $90.2M | 0.01% |
+1,294,958
| New | +$60.6M |
2020 Q4
22 quarters
|
|
806
DELISTED
Taylor Morrison
TMHC
| $89.9M | 0.01% |
+1,252,607
| New | +$79.6M |
2017 Q1
37 quarters
|
|
807
Thomson Reuters
TRI
$45.2B
| $89.8M | 0.01% |
+1,100,566
| New | +$96.1M |
2013 Q2
52 quarters
|
|
808
Clorox
CLX
$10.2B
| $89.7M | 0.01% |
+940,160
| New | +$90.2M |
2013 Q2
52 quarters
|
|
809
BCE
BCE
$17.6B
| $89.6M | 0.01% |
+4,163,985
| New | +$99.9M |
2013 Q2
52 quarters
|
|
810
Globus Medical
GMED
$10.2B
| $89M | 0.01% |
+1,127,051
| New | +$95.8M |
2014 Q2
48 quarters
|
|
811
Eastman Chemical
EMN
$7.1B
| $88.8M | 0.01% |
+1,325,685
| New | +$97M |
2013 Q2
52 quarters
|
|
812
Pool Corp
POOL
$5.77B
| $88.6M | 0.01% |
+412,492
| New | +$82.3M |
2022 Q3
15 quarters
|
|
813
HF Sinclair
DINO
$21.9B
| $88.6M | 0.01% |
+1,271,870
| New | +$84.6M |
2013 Q2
52 quarters
|
|
814
Baxter International
BAX
$12.8B
| $88.4M | 0.01% |
+4,144,905
| New | +$77.2M |
2013 Q2
52 quarters
|
|
815
Houlihan Lokey
HLI
$9.11B
| $88.1M | 0.01% |
+656,486
| New | +$96.9M |
2020 Q1
25 quarters
|
|
816
Wynn Resorts
WYNN
$7.72B
| $88M | 0.01% |
+905,912
| New | +$93.4M |
2013 Q2
52 quarters
|
|
817
Ally Financial
ALLY
$11.5B
| $87.6M | 0.01% |
+1,906,293
| New | +$82.7M |
2014 Q2
48 quarters
|
|
818
Kilroy Realty
KRC
$4.05B
| $87.6M | 0.01% |
+2,337,471
| New | +$79.5M |
2013 Q2
52 quarters
|
|
819
Molina Healthcare
MOH
$10.7B
| $87.1M | 0.01% |
+380,649
| New | +$69M |
2013 Q2
52 quarters
|
|
820
Lumen Technologies, Inc. Common Stock
LUMN
$5.21B
| $87M | 0.01% |
+11,331,679
| New | +$99.4M |
2013 Q2
52 quarters
|
|
821
CACI
CACI
$13.6B
| $86.9M | 0.01% |
+187,660
| New | +$95.8M |
2013 Q2
52 quarters
|
|
822
Kymera Therapeutics
KYMR
$9.32B
| $86.8M | 0.01% |
+757,246
| New | +$65.1M |
2020 Q3
23 quarters
|
|
823
Teleflex
TFX
$5.33B
| $86.8M | 0.01% |
+684,425
| New | +$87.6M |
2013 Q2
52 quarters
|
|
824
Chewy
CHWY
$7.84B
| $86.5M | 0.01% |
+4,402,672
| New | +$100M |
2025 Q4
2 quarters
|
|
825
Cytokinetics
CYTK
$8.73B
| $86.5M | 0.01% |
+1,015,522
| New | +$72.9M |
2022 Q1
17 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.