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 | |
|---|---|---|---|---|---|---|
801
UGI
UGI
$8.2B
| $90.8M | 0.01% |
+2,627,450
| New | +$92.9M |
|
802
Travel + Leisure Co
TNL
$4.39B
| $90.5M | 0.01% |
+1,184,463
| New | +$83.2M |
|
803
Hubbell
HUBB
$24.8B
| $90.3M | 0.01% |
+172,552
| New | +$87.1M |
|
804
Armstrong World Industries
AWI
$7.42B
| $90.2M | 0.01% |
+562,406
| New | +$91.9M |
|
805
Allegro MicroSystems
ALGM
$7.01B
| $90.2M | 0.01% |
+1,294,958
| New | +$60.6M |
|
|
TMHC
806
DELISTED
Taylor Morrison
TMHC
| $89.9M | 0.01% |
+1,252,607
| New | +$79.6M |
|
807
Thomson Reuters
TRI
$45.4B
| $89.8M | 0.01% |
+1,100,566
| New | +$96.1M |
|
808
Clorox
CLX
$12.5B
| $89.7M | 0.01% |
+940,160
| New | +$90.2M |
|
809
BCE
BCE
$21.8B
| $89.6M | 0.01% |
+4,163,985
| New | +$99.9M |
|
810
Globus Medical
GMED
$11.1B
| $89M | 0.01% |
+1,127,051
| New | +$95.8M |
|
811
Eastman Chemical
EMN
$8.31B
| $88.8M | 0.01% |
+1,325,685
| New | +$97M |
|
812
Pool Corp
POOL
$6.76B
| $88.6M | 0.01% |
+412,492
| New | +$82.3M |
|
813
HF Sinclair
DINO
$17.2B
| $88.6M | 0.01% |
+1,271,870
| New | +$84.6M |
|
814
Baxter International
BAX
$13.4B
| $88.4M | 0.01% |
+4,144,905
| New | +$77.2M |
|
815
Houlihan Lokey
HLI
$9.14B
| $88.1M | 0.01% |
+656,486
| New | +$96.9M |
|
816
Wynn Resorts
WYNN
$9.64B
| $88M | 0.01% |
+905,912
| New | +$93.4M |
|
817
Ally Financial
ALLY
$13B
| $87.6M | 0.01% |
+1,906,293
| New | +$82.7M |
|
818
Kilroy Realty
KRC
$4.27B
| $87.6M | 0.01% |
+2,337,471
| New | +$79.5M |
|
819
Molina Healthcare
MOH
$10.4B
| $87.1M | 0.01% |
+380,649
| New | +$69M |
|
820
Lumen
LUMN
$6.33B
| $87M | 0.01% |
+11,331,679
| New | +$99.4M |
|
821
CACI
CACI
$14B
| $86.9M | 0.01% |
+187,660
| New | +$95.8M |
|
822
Kymera Therapeutics
KYMR
$10B
| $86.8M | 0.01% |
+757,246
| New | +$65.1M |
|
823
Teleflex
TFX
$5.84B
| $86.8M | 0.01% |
+684,425
| New | +$87.6M |
|
824
Chewy
CHWY
$9.33B
| $86.5M | 0.01% |
+4,402,672
| New | +$100M |
|
825
Cytokinetics
CYTK
$10.8B
| $86.5M | 0.01% |
+1,015,522
| New | +$72.9M |
|
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.