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 | |
|---|---|---|---|---|---|---|
851
CAE Inc
CAE
$8.01B
| $80.6M | 0.01% |
+3,222,912
| New | +$83.4M |
|
852
Terreno Realty
TRNO
$7.31B
| $80.2M | 0.01% |
+1,238,035
| New | +$81M |
|
853
Descartes Systems
DSGX
$6.91B
| $79.8M | 0.01% |
+1,154,012
| New | +$82.4M |
|
854
Elastic
ESTC
$8.7B
| $79.2M | 0.01% |
+1,389,605
| New | +$74.5M |
|
855
OR Royalties Inc
OR
$7.24B
| $79.1M | 0.01% |
+2,498,906
| New | +$92.2M |
|
856
IES Holdings
IESC
$13.3B
| $78.8M | 0.01% |
+214,572
| New | +$69.3M |
|
857
Amer Sports
AS
$17.8B
| $78.7M | 0.01% |
+2,325,877
| New | +$81.5M |
|
858
Brinker International
EAT
$10B
| $78.5M | 0.01% |
+467,550
| New | +$69.1M |
|
859
Repligen
RGEN
$10.3B
| $78.5M | 0.01% |
+575,226
| New | +$70.7M |
|
860
Lyft
LYFT
$6.57B
| $78.2M | 0.01% |
+5,350,229
| New | +$74.8M |
|
861
Meritage Homes
MTH
$4.6B
| $78.1M | 0.01% |
+931,561
| New | +$63.6M |
|
862
AeroVironment
AVAV
$7.74B
| $78.1M | 0.01% |
+473,141
| New | +$84.7M |
|
863
FirstService
FSV
$6.16B
| $78.1M | 0.01% |
+549,665
| New | +$76.3M |
|
864
AGCO
AGCO
$7.77B
| $77.9M | 0.01% |
+650,842
| New | +$75.6M |
|
865
SEI Investments
SEIC
$13.4B
| $77.8M | 0.01% |
+887,116
| New | +$77.4M |
|
866
Caesars Entertainment
CZR
$6.04B
| $77.7M | 0.01% |
+2,573,940
| New | +$72.5M |
|
867
Antero Midstream
AM
$10.7B
| $77.7M | 0.01% |
+3,413,527
| New | +$74.1M |
|
|
LBRDK
868
DELISTED
Liberty Broadband Class C
LBRDK
| $77.4M | 0.01% |
+2,327,164
| New | +$90.7M |
|
869
Valley National Bancorp
VLY
$7.71B
| $77.3M | 0.01% |
+5,275,012
| New | +$71.7M |
|
870
Builders FirstSource
BLDR
$7.23B
| $77M | 0.01% |
+860,958
| New | +$68.8M |
|
871
Logitech
LOGI
$14B
| $76.7M | 0.01% |
+818,632
| New | +$85M |
|
872
Healthcare Realty
HR
$6.56B
| $76.7M | 0.01% |
+3,801,738
| New | +$73.9M |
|
873
DaVita
DVA
$11.4B
| $76.6M | 0.01% |
+344,422
| New | +$62.6M |
|
874
Rhythm Pharmaceuticals
RYTM
$7.75B
| $76.1M | 0.01% |
+685,844
| New | +$62M |
|
875
Chemed
CHE
$6.8B
| $76.1M | 0.01% |
+163,404
| New | +$68.7M |
|
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.