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 | |
|---|---|---|---|---|---|---|---|
876
Cirrus Logic
CRUS
$5.33B
| $75.8M | 0.01% |
+510,098
| New | +$83.5M |
2013 Q2
52 quarters
|
|
877
NexGen Energy
NXE
$5.75B
| $75.6M | 0.01% |
+8,057,932
| New | +$91.6M |
2025 Q4
2 quarters
|
|
878
Churchill Downs
CHDN
$5.61B
| $75.4M | 0.01% |
+841,176
| New | +$75.4M |
2013 Q2
52 quarters
|
|
879
Weatherford International
WFRD
$5.49B
| $75.3M | 0.01% |
+924,126
| New | +$93.7M |
2022 Q4
14 quarters
|
|
880
Rithm Capital
RITM
$4.76B
| $75M | 0.01% |
+7,985,095
| New | +$76.1M |
2013 Q2
52 quarters
|
|
881
OceanaGold Corp
OGC
$6.08B
| $74.8M | 0.01% |
+2,985,891
| New | +$89.3M |
2026 Q2
0 quarters
|
|
882
Group 1 Automotive
GPI
$2.74B
| $74.7M | 0.01% |
+256,479
| New | +$84.1M |
2013 Q2
52 quarters
|
|
883
Full Truck Alliance
YMM
$8.95B
| $74.4M | 0.01% |
+9,160,250
| New | +$78M |
2021 Q2
20 quarters
|
|
884
Selective Insurance
SIGI
$5.06B
| $74.1M | 0.01% |
+764,284
| New | +$66M |
2013 Q2
52 quarters
|
|
885
Lear
LEA
$5.78B
| $74.1M | 0.01% |
+552,452
| New | +$74M |
2013 Q2
52 quarters
|
|
886
Franklin Electric
FELE
$4.35B
| $74M | 0.01% |
+689,955
| New | +$69.3M |
2013 Q2
52 quarters
|
|
887
Dutch Bros
BROS
$5.14B
| $73.8M | 0.01% |
+1,027,033
| New | +$58.9M |
2023 Q3
11 quarters
|
|
888
Lazard
LAZ
$3.61B
| $73.7M | 0.01% |
+1,757,418
| New | +$80.5M |
2016 Q4
38 quarters
|
|
889
Eagle Materials
EXP
$5.02B
| $73.5M | 0.01% |
+326,454
| New | +$68.3M |
2013 Q2
52 quarters
|
|
890
Primo Brands
PRMB
$6.94B
| $73.4M | 0.01% |
+3,001,538
| New | +$66.6M |
2024 Q4
6 quarters
|
|
891
EXL Service
EXLS
$5.57B
| $73.3M | 0.01% |
+2,835,901
| New | +$83.5M |
2013 Q2
52 quarters
|
|
892
Denali Therapeutics
DNLI
$3.03B
| $72.7M | 0.01% |
+2,824,746
| New | +$58M |
2019 Q1
29 quarters
|
|
893
Vaxcyte
PCVX
$11B
| $72.4M | 0.01% |
+1,245,805
| New | +$67.7M |
2022 Q4
14 quarters
|
|
894
MDA Space Ltd
MDA
$4.45B
| $72.3M | 0.01% |
+1,750,697
| New | +$63.5M |
2026 Q2
0 quarters
|
|
895
Delek US
DK
$4.74B
| $72.2M | 0.01% |
+1,420,441
| New | +$63M |
2013 Q2
52 quarters
|
|
896
United Bankshares
UBSI
$6.25B
| $72M | 0.01% |
+1,571,131
| New | +$68.7M |
2013 Q2
52 quarters
|
|
897
Enphase Energy
ENPH
$4.16B
| $71.9M | 0.01% |
+1,459,614
| New | +$66.5M |
2019 Q3
27 quarters
|
|
898
Open Text
OTEX
$5.85B
| $71.8M | 0.01% |
+3,247,878
| New | +$73.7M |
2013 Q2
52 quarters
|
|
899
Ryman Hospitality Properties
RHP
$8.45B
| $71.8M | 0.01% |
+558,306
| New | +$61.9M |
2013 Q2
52 quarters
|
|
900
SentinelOne
S
$8.93B
| $71.7M | 0.01% |
+4,223,887
| New | +$65M |
2023 Q1
13 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.