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 | |
|---|---|---|---|---|---|---|---|
826
DELISTED
Qorvo
QRVO
| $86.5M | 0.01% |
+927,169
| New | +$85.5M |
2015 Q1
45 quarters
|
|
827
Atlassian
TEAM
$52.6B
| $86.2M | 0.01% |
+1,108,700
| New | +$90.7M |
2016 Q3
39 quarters
|
|
828
Old National Bancorp
ONB
$9.49B
| $85.9M | 0.01% |
+3,316,277
| New | +$79.7M |
2013 Q2
52 quarters
|
|
829
First American
FAF
$6.22B
| $85.5M | 0.01% |
+1,245,979
| New | +$83.1M |
2013 Q2
52 quarters
|
|
830
Sensata Technologies
ST
$6.13B
| $84.6M | 0.01% |
+1,773,008
| New | +$80.2M |
2024 Q4
6 quarters
|
|
831
Arcosa
ACA
$7.23B
| $84.5M | 0.01% |
+581,400
| New | +$72.2M |
2018 Q4
30 quarters
|
|
832
National Fuel Gas
NFG
$7.58B
| $84.3M | 0.01% |
+1,091,535
| New | +$90.3M |
2013 Q2
52 quarters
|
|
833
Radian Group
RDN
$4.48B
| $84.2M | 0.01% |
+2,234,835
| New | +$79.3M |
2013 Q2
52 quarters
|
|
834
Southwest Gas
SWX
$6.18B
| $84.1M | 0.01% |
+948,095
| New | +$84.8M |
2013 Q2
52 quarters
|
|
835
Macy's
M
$6B
| $84M | 0.01% |
+3,568,505
| New | +$74.7M |
2013 Q2
52 quarters
|
|
836
Charles River Laboratories
CRL
$14.4B
| $83.9M | 0.01% |
+370,040
| New | +$65.9M |
2013 Q2
52 quarters
|
|
837
Liberty Live Group Series C
LLYVK
$8.92B
| $83.7M | 0.01% |
+792,400
| New | +$77.3M |
2023 Q3
11 quarters
|
|
838
TPG
TPG
$7.52B
| $83.2M | 0.01% |
+2,052,791
| New | +$86.3M |
2022 Q1
17 quarters
|
|
839
Commercial Metals
CMC
$7.09B
| $82.7M | 0.01% |
+1,318,721
| New | +$92.7M |
2013 Q2
52 quarters
|
|
840
MGIC Investment
MTG
$5.54B
| $82.5M | 0.01% |
+2,926,645
| New | +$78M |
2013 Q2
52 quarters
|
|
841
Samsara
IOT
$24.4B
| $82.5M | 0.01% |
+2,542,640
| New | +$78.7M |
2021 Q4
18 quarters
|
|
842
BitMine Immersion Technologies
BMNR
$14.4B
| $81.9M | 0.01% |
+6,151,062
| New | +$119M |
2026 Q2
0 quarters
|
|
843
Bank OZK
OZK
$4.94B
| $81.8M | 0.01% |
+1,570,873
| New | +$76.5M |
2013 Q2
52 quarters
|
|
844
Ormat Technologies
ORA
$5.64B
| $81.6M | 0.01% |
+749,456
| New | +$92.9M |
2022 Q3
15 quarters
|
|
845
TransUnion
TRU
$12.7B
| $81.6M | 0.01% |
+1,130,831
| New | +$79.3M |
2017 Q3
35 quarters
|
|
846
AptarGroup
ATR
$7.56B
| $81.3M | 0.01% |
+649,607
| New | +$78.8M |
2013 Q2
52 quarters
|
|
847
SSR Mining
SSRM
$7.23B
| $81.3M | 0.01% |
+2,877,483
| New | +$87.6M |
2025 Q4
2 quarters
|
|
848
Kinsale Capital Group
KNSL
$7.77B
| $81.1M | 0.01% |
+245,962
| New | +$79.1M |
2019 Q3
27 quarters
|
|
849
Lincoln National
LNC
$7.75B
| $81M | 0.01% |
+2,290,874
| New | +$82.4M |
2013 Q2
52 quarters
|
|
850
Landstar System
LSTR
$5.73B
| $80.9M | 0.01% |
+391,307
| New | +$74.8M |
2013 Q2
52 quarters
|
|
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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.