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 | |
|---|---|---|---|---|---|---|---|
926
GATX Corp
GATX
$5.87B
| $66M | 0.01% |
+372,472
| New | +$67.8M |
2013 Q2
52 quarters
|
|
927
ACI Worldwide
ACIW
$5.15B
| $65.8M | 0.01% |
+1,308,947
| New | +$56.9M |
2013 Q2
52 quarters
|
|
928
Capri Holdings
CPRI
$1.72B
| $65.6M | 0.01% |
+3,535,006
| New | +$67.9M |
2019 Q1
29 quarters
|
|
929
WillScot Mobile Mini Holdings
WSC
$3.16B
| $65.6M | 0.01% |
+2,272,455
| New | +$55M |
2020 Q2
24 quarters
|
|
930
Lantheus
LNTH
$6.54B
| $65.1M | 0.01% |
+586,845
| New | +$54.7M |
2022 Q2
16 quarters
|
|
931
NewMarket
NEU
$8.24B
| $65.1M | 0.01% |
+82,266
| New | +$59.3M |
2013 Q2
52 quarters
|
|
932
MarketAxess Holdings
MKTX
$5.79B
| $65M | 0.01% |
+572,422
| New | +$81.6M |
2013 Q2
52 quarters
|
|
933
Kite Realty
KRG
$4.83B
| $64.9M | 0.01% |
+2,285,291
| New | +$61.4M |
2015 Q2
44 quarters
|
|
934
Algonquin Power & Utilities
AQN
$3.93B
| $64.7M | 0.01% |
+11,021,783
| New | +$66.9M |
2016 Q4
38 quarters
|
|
935
Sabra Healthcare REIT
SBRA
$4.9B
| $64.7M | 0.01% |
+3,313,984
| New | +$65.7M |
2013 Q2
52 quarters
|
|
936
Asbury Automotive
ABG
$2.94B
| $64.5M | 0.01% |
+320,841
| New | +$63.2M |
2013 Q2
52 quarters
|
|
937
Piper Sandler
PIPR
$4.59B
| $64.3M | 0.01% |
+889,117
| New | +$72.1M |
2013 Q2
52 quarters
|
|
938
Ameris Bancorp
ABCB
$5.33B
| $64.2M | 0.01% |
+711,279
| New | +$60.5M |
2017 Q1
37 quarters
|
|
939
Kanzhun
BZ
$7.05B
| $63.9M | 0.01% |
+4,963,650
| New | +$68M |
2021 Q2
20 quarters
|
|
940
FNB Corp
FNB
$6.12B
| $63.7M | 0.01% |
+3,339,706
| New | +$59.5M |
2013 Q2
52 quarters
|
|
941
Versigent PLC
VGNT
$3.08B
| $63.4M | 0.01% |
+1,508,431
| New | +$60.1M |
2026 Q2
0 quarters
|
|
942
Chime Financial
CHYM
$11.5B
| $63.2M | 0.01% |
+3,087,275
| New | +$59.9M |
2025 Q2
4 quarters
|
|
943
Ingredion
INGR
$6.07B
| $63.2M | 0.01% |
+667,463
| New | +$70.5M |
2013 Q2
52 quarters
|
|
944
Mohawk Industries
MHK
$7.95B
| $63.2M | 0.01% |
+521,014
| New | +$54.8M |
2013 Q2
52 quarters
|
|
945
The Gap Inc
GAP
$8B
| $63.2M | 0.01% |
+3,383,275
| New | +$78M |
2013 Q2
52 quarters
|
|
946
Trex
TREX
$4.53B
| $63M | 0.01% |
+1,258,986
| New | +$52.2M |
2014 Q2
48 quarters
|
|
947
Brunswick
BC
$4.03B
| $62.9M | 0.01% |
+746,925
| New | +$59.9M |
2013 Q2
52 quarters
|
|
948
Brookfield Infrastructure
BIPC
$4.55B
| $62.7M | 0.01% |
+1,626,688
| New | +$65.6M |
2020 Q3
23 quarters
|
|
949
Sotera Health
SHC
$5.18B
| $62.3M | 0.01% |
+3,512,499
| New | +$55.4M |
2021 Q2
20 quarters
|
|
950
BP
BP
$120B
| $62.3M | 0.01% |
+1,687,000
| New | +$74M |
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.