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 | |
|---|---|---|---|---|---|---|
826
Qorvo
QRVO
$8.49B
| $86.5M | 0.01% |
+927,169
| New | +$85.5M |
|
827
Atlassian
TEAM
$47B
| $86.2M | 0.01% |
+1,108,700
| New | +$90.7M |
|
828
Old National Bancorp
ONB
$9.89B
| $85.9M | 0.01% |
+3,316,277
| New | +$79.7M |
|
829
First American
FAF
$7.61B
| $85.5M | 0.01% |
+1,245,979
| New | +$83.1M |
|
830
Sensata Technologies
ST
$6.18B
| $84.6M | 0.01% |
+1,773,008
| New | +$80.2M |
|
831
Arcosa
ACA
$7.14B
| $84.5M | 0.01% |
+581,400
| New | +$72.2M |
|
832
National Fuel Gas
NFG
$7.88B
| $84.3M | 0.01% |
+1,091,535
| New | +$90.3M |
|
833
Radian Group
RDN
$4.83B
| $84.2M | 0.01% |
+2,234,835
| New | +$79.3M |
|
834
Southwest Gas
SWX
$6.48B
| $84.1M | 0.01% |
+948,095
| New | +$84.8M |
|
835
Macy's
M
$5.92B
| $84M | 0.01% |
+3,568,505
| New | +$74.7M |
|
836
Charles River Laboratories
CRL
$14.2B
| $83.9M | 0.01% |
+370,040
| New | +$65.9M |
|
837
Liberty Live Group Series C
LLYVK
$9.52B
| $83.7M | 0.01% |
+792,400
| New | +$77.3M |
|
838
TPG
TPG
$8.99B
| $83.2M | 0.01% |
+2,052,791
| New | +$86.3M |
|
839
Commercial Metals
CMC
$7.61B
| $82.7M | 0.01% |
+1,318,721
| New | +$92.7M |
|
840
MGIC Investment
MTG
$6.38B
| $82.5M | 0.01% |
+2,926,645
| New | +$78M |
|
841
Samsara
IOT
$24.4B
| $82.5M | 0.01% |
+2,542,640
| New | +$78.7M |
|
|
BMNR
842
BitMine Immersion Technologies
BMNR
$15.5B
| $81.9M | 0.01% |
+6,151,062
| New | +$119M |
|
843
Bank OZK
OZK
$5.39B
| $81.8M | 0.01% |
+1,570,873
| New | +$76.5M |
|
844
Ormat Technologies
ORA
$6.45B
| $81.6M | 0.01% |
+749,456
| New | +$92.9M |
|
845
TransUnion
TRU
$16.2B
| $81.6M | 0.01% |
+1,130,831
| New | +$79.3M |
|
846
AptarGroup
ATR
$8.45B
| $81.3M | 0.01% |
+649,607
| New | +$78.8M |
|
847
SSR Mining
SSRM
$7.95B
| $81.3M | 0.01% |
+2,877,483
| New | +$87.6M |
|
848
Kinsale Capital Group
KNSL
$8.7B
| $81.1M | 0.01% |
+245,962
| New | +$79.1M |
|
849
Lincoln National
LNC
$8.33B
| $81M | 0.01% |
+2,290,874
| New | +$82.4M |
|
850
Landstar System
LSTR
$6.17B
| $80.9M | 0.01% |
+391,307
| New | +$74.8M |
|
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.