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 | |
|---|---|---|---|---|---|---|
951
SiriusXM
SIRI
$9.61B
| $61.8M | 0.01% |
+2,091,917
| New | +$56.2M |
|
952
Louisiana-Pacific
LPX
$4.94B
| $61.7M | 0.01% |
+783,997
| New | +$57.9M |
|
953
Sensient Technologies
SXT
$5.69B
| $61.5M | 0.01% |
+498,574
| New | +$55.5M |
|
954
Americold
COLD
$4.29B
| $61M | 0.01% |
+3,881,495
| New | +$53.3M |
|
955
Autoliv
ALV
$9B
| $60.9M | 0.01% |
+524,318
| New | +$62.3M |
|
956
Viatris
VTRS
$19.4B
| $60.7M | 0.01% |
+3,822,744
| New | +$59.2M |
|
957
OneMain Financial
OMF
$7.35B
| $60.5M | 0.01% |
+992,914
| New | +$55.9M |
|
958
XP
XP
$8.97B
| $60.5M | 0.01% |
+3,722,196
| New | +$66.4M |
|
959
GlobalFoundries
GFS
$25.4B
| $60.4M | 0.01% |
+732,804
| New | +$51.2M |
|
960
Avantor
AVTR
$9.88B
| $60.3M | 0.01% |
+6,091,712
| New | +$52.4M |
|
961
KBR
KBR
$4.81B
| $59.3M | 0.01% |
+1,716,475
| New | +$59.9M |
|
962
Home BancShares
HOMB
$5.94B
| $58.8M | 0.01% |
+2,057,956
| New | +$55.9M |
|
963
Ryan Specialty Holdings
RYAN
$11.1B
| $58.4M | 0.01% |
+1,546,443
| New | +$52.5M |
|
964
U-Haul Holding Co Series N
UHAL.B
$11.7B
| $58.3M | 0.01% |
+1,010,271
| New | +$50.3M |
|
965
Zscaler
ZS
$30.3B
| $58M | 0.01% |
+411,216
| New | +$57.3M |
|
966
UFP Industries
UFPI
$4.71B
| $58M | 0.01% |
+639,521
| New | +$55.7M |
|
967
White Mountains Insurance
WTM
$5.08B
| $58M | 0.01% |
+27,956
| New | +$59.8M |
|
968
Blue Owl Capital
OWL
$8.22B
| $57.8M | 0.01% |
+6,603,960
| New | +$62.7M |
|
|
ARXS
969
Arxis Inc
ARXS
$23.3B
| $57.7M | 0.01% |
+1,250,000
| New | +$48.8M |
|
970
AutoNation
AN
$6.57B
| $57.2M | 0.01% |
+307,792
| New | +$60.2M |
|
|
SFBS
971
ServisFirst Bancshares
SFBS
$4.72B
| $56.6M | 0.01% |
+1,305,856
| New | +$51.5M |
|
|
TEM
972
Tempus AI
TEM
$12.8B
| $56.5M | 0.01% |
+975,302
| New | +$48.9M |
|
973
Glacier Bancorp
GBCI
$6.16B
| $56M | 0.01% |
+1,084,870
| New | +$52.3M |
|
974
VF Corp
VFC
$5.36B
| $55.9M | 0.01% |
+3,352,354
| New | +$59.9M |
|
975
EPR Properties
EPR
$4.57B
| $55.9M | 0.01% |
+963,880
| New | +$54.8M |
|
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.