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 | |
|---|---|---|---|---|---|---|
876
Cirrus Logic
CRUS
$5.46B
| $75.8M | 0.01% |
+510,098
| New | +$83.5M |
|
877
NexGen Energy
NXE
$7.02B
| $75.6M | 0.01% |
+8,057,932
| New | +$91.6M |
|
878
Churchill Downs
CHDN
$6.15B
| $75.4M | 0.01% |
+841,176
| New | +$75.4M |
|
879
Weatherford International
WFRD
$6.57B
| $75.3M | 0.01% |
+924,126
| New | +$93.7M |
|
880
Rithm Capital
RITM
$5.65B
| $75M | 0.01% |
+7,985,095
| New | +$76.1M |
|
|
OGC
881
OceanaGold Corp
OGC
$6.76B
| $74.8M | 0.01% |
+2,985,891
| New | +$89.3M |
|
882
Group 1 Automotive
GPI
$3.19B
| $74.7M | 0.01% |
+256,479
| New | +$84.1M |
|
883
Full Truck Alliance
YMM
$9.18B
| $74.4M | 0.01% |
+9,160,250
| New | +$78M |
|
884
Selective Insurance
SIGI
$5.49B
| $74.1M | 0.01% |
+764,284
| New | +$66M |
|
885
Lear
LEA
$8.24B
| $74.1M | 0.01% |
+552,452
| New | +$74M |
|
886
Franklin Electric
FELE
$4.44B
| $74M | 0.01% |
+689,955
| New | +$69.3M |
|
887
Dutch Bros
BROS
$7.03B
| $73.8M | 0.01% |
+1,027,033
| New | +$58.9M |
|
888
Lazard
LAZ
$4.23B
| $73.7M | 0.01% |
+1,757,418
| New | +$80.5M |
|
889
Eagle Materials
EXP
$6.01B
| $73.5M | 0.01% |
+326,454
| New | +$68.3M |
|
|
PRMB
890
Primo Brands
PRMB
$8.18B
| $73.4M | 0.01% |
+3,001,538
| New | +$66.6M |
|
891
EXL Service
EXLS
$5.87B
| $73.3M | 0.01% |
+2,835,901
| New | +$83.5M |
|
892
Denali Therapeutics
DNLI
$3.87B
| $72.7M | 0.01% |
+2,824,746
| New | +$58M |
|
893
Vaxcyte
PCVX
$8.97B
| $72.4M | 0.01% |
+1,245,805
| New | +$67.7M |
|
|
MDA
894
MDA Space Ltd
MDA
$4.77B
| $72.3M | 0.01% |
+1,750,697
| New | +$63.5M |
|
895
Delek US
DK
$4.48B
| $72.2M | 0.01% |
+1,420,441
| New | +$63M |
|
896
United Bankshares
UBSI
$6.45B
| $72M | 0.01% |
+1,571,131
| New | +$68.7M |
|
897
Enphase Energy
ENPH
$4.91B
| $71.9M | 0.01% |
+1,459,614
| New | +$66.5M |
|
898
Open Text
OTEX
$6.12B
| $71.8M | 0.01% |
+3,247,878
| New | +$73.7M |
|
899
Ryman Hospitality Properties
RHP
$8.9B
| $71.8M | 0.01% |
+558,306
| New | +$61.9M |
|
900
SentinelOne
S
$7.25B
| $71.7M | 0.01% |
+4,223,887
| New | +$65M |
|
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.