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 | |
|---|---|---|---|---|---|---|---|
851
CAE Inc
CAE
$7.63B
| $80.6M | 0.01% |
+3,222,912
| New | +$83.4M |
2013 Q2
52 quarters
|
|
852
Terreno Realty
TRNO
$7.2B
| $80.2M | 0.01% |
+1,238,035
| New | +$81M |
2017 Q3
35 quarters
|
|
853
Descartes Systems
DSGX
$7.16B
| $79.8M | 0.01% |
+1,154,012
| New | +$82.4M |
2016 Q1
41 quarters
|
|
854
Elastic
ESTC
$10B
| $79.2M | 0.01% |
+1,389,605
| New | +$74.5M |
2019 Q2
28 quarters
|
|
855
OR Royalties Inc
OR
$6.5B
| $79.1M | 0.01% |
+2,498,906
| New | +$92.2M |
2016 Q3
39 quarters
|
|
856
IES Holdings
IESC
$12.2B
| $78.8M | 0.01% |
+214,572
| New | +$69.3M |
2025 Q4
2 quarters
|
|
857
Amer Sports
AS
$16.5B
| $78.7M | 0.01% |
+2,325,877
| New | +$81.5M |
2024 Q1
9 quarters
|
|
858
Brinker International
EAT
$8.13B
| $78.5M | 0.01% |
+467,550
| New | +$69.1M |
2013 Q2
52 quarters
|
|
859
Repligen
RGEN
$11B
| $78.5M | 0.01% |
+575,226
| New | +$70.7M |
2015 Q3
43 quarters
|
|
860
Lyft
LYFT
$6.1B
| $78.2M | 0.01% |
+5,350,229
| New | +$74.8M |
2019 Q1
29 quarters
|
|
861
Meritage Homes
MTH
$3.77B
| $78.1M | 0.01% |
+931,561
| New | +$63.6M |
2017 Q4
34 quarters
|
|
862
AeroVironment
AVAV
$6.68B
| $78.1M | 0.01% |
+473,141
| New | +$84.7M |
2018 Q1
33 quarters
|
|
863
FirstService
FSV
$5.66B
| $78.1M | 0.01% |
+549,665
| New | +$76.3M |
2015 Q2
44 quarters
|
|
864
AGCO
AGCO
$7.32B
| $77.9M | 0.01% |
+650,842
| New | +$75.6M |
2013 Q2
52 quarters
|
|
865
SEI Investments
SEIC
$12.6B
| $77.8M | 0.01% |
+887,116
| New | +$77.4M |
2013 Q2
52 quarters
|
|
866
Caesars Entertainment
CZR
$6.03B
| $77.7M | 0.01% |
+2,573,940
| New | +$72.5M |
2018 Q1
33 quarters
|
|
867
Antero Midstream
AM
$10B
| $77.7M | 0.01% |
+3,413,527
| New | +$74.1M |
2019 Q3
27 quarters
|
|
868
DELISTED
Liberty Broadband Class C
LBRDK
| $77.4M | 0.01% |
+2,327,164
| New | +$90.7M |
2014 Q4
46 quarters
|
|
869
Valley National Bancorp
VLY
$6.98B
| $77.3M | 0.01% |
+5,275,012
| New | +$71.7M |
2013 Q2
52 quarters
|
|
870
Builders FirstSource
BLDR
$5.61B
| $77M | 0.01% |
+860,958
| New | +$68.8M |
2017 Q3
35 quarters
|
|
871
Logitech
LOGI
$14.1B
| $76.7M | 0.01% |
+818,632
| New | +$85M |
2016 Q2
40 quarters
|
|
872
Healthcare Realty
HR
$5.9B
| $76.7M | 0.01% |
+3,801,738
| New | +$73.9M |
2014 Q2
48 quarters
|
|
873
DaVita
DVA
$11.6B
| $76.6M | 0.01% |
+344,422
| New | +$62.6M |
2013 Q2
52 quarters
|
|
874
Rhythm Pharmaceuticals
RYTM
$6.18B
| $76.1M | 0.01% |
+685,844
| New | +$62M |
2024 Q1
9 quarters
|
|
875
Chemed
CHE
$6.54B
| $76.1M | 0.01% |
+163,404
| New | +$68.7M |
2013 Q2
52 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.