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 | |
|---|---|---|---|---|---|---|---|
76
TJX Companies
TJX
$153B
| $2.19B | 0.22% |
+14,473,106
| New | +$2.29B |
2013 Q2
52 quarters
|
|
77
Deere & Co
DE
$167B
| $2.16B | 0.22% |
+3,406,402
| New | +$1.97B |
2013 Q2
52 quarters
|
|
78
Bristol-Myers Squibb
BMY
$121B
| $2.12B | 0.21% |
+36,866,658
| New | +$2.12B |
2013 Q2
52 quarters
|
|
79
Howmet Aerospace
HWM
$89.8B
| $2.12B | 0.21% |
+7,895,313
| New | +$2.03B |
2016 Q4
38 quarters
|
|
80
Abbott
ABT
$172B
| $2.12B | 0.21% |
+23,354,911
| New | +$2.13B |
2013 Q2
52 quarters
|
|
81
Eaton
ETN
$167B
| $2.1B | 0.21% |
+4,917,475
| New | +$1.98B |
2013 Q2
52 quarters
|
|
82
Charles Schwab
SCHW
$167B
| $2.09B | 0.21% |
+22,658,390
| New | +$2.07B |
2013 Q2
52 quarters
|
|
83
Arista Networks
ANET
$273B
| $2.08B | 0.21% |
+12,246,920
| New | +$1.92B |
2015 Q1
45 quarters
|
|
84
Union Pacific
UNP
$165B
| $2.05B | 0.2% |
+7,553,360
| New | +$1.98B |
2013 Q2
52 quarters
|
|
85
Amgen
AMGN
$224B
| $2.04B | 0.2% |
+5,625,584
| New | +$1.93B |
2013 Q2
52 quarters
|
|
86
Capital One
COF
$122B
| $2B | 0.2% |
+9,978,148
| New | +$1.91B |
2013 Q2
52 quarters
|
|
87
Intuitive Surgical
ISRG
$150B
| $1.97B | 0.2% |
+4,954,874
| New | +$2.16B |
2013 Q2
52 quarters
|
|
88
Walt Disney
DIS
$187B
| $1.95B | 0.19% |
+20,249,669
| New | +$2.06B |
2013 Q2
52 quarters
|
|
89
Parker-Hannifin
PH
$121B
| $1.93B | 0.19% |
+1,975,158
| New | +$1.81B |
2013 Q2
52 quarters
|
|
90
Uber
UBER
$146B
| $1.93B | 0.19% |
+26,706,242
| New | +$1.96B |
2019 Q2
28 quarters
|
|
91
Fortinet
FTNT
$143B
| $1.91B | 0.19% |
+12,449,356
| New | +$1.44B |
2013 Q2
52 quarters
|
|
92
Progressive
PGR
$126B
| $1.89B | 0.19% |
+8,647,114
| New | +$1.74B |
2013 Q2
52 quarters
|
|
93
Comcast
CMCSA
$73.3B
| $1.88B | 0.19% |
+76,539,618
| New | +$1.98B |
2013 Q2
52 quarters
|
|
94
Shopify
SHOP
$220B
| $1.87B | 0.19% |
+16,410,473
| New | +$1.87B |
2016 Q3
39 quarters
|
|
95
CVS Health
CVS
$110B
| $1.87B | 0.19% |
+18,038,922
| New | +$1.61B |
2013 Q2
52 quarters
|
|
96
Dell
DELL
$373B
| $1.86B | 0.19% |
+4,312,543
| New | +$1.25B |
2016 Q3
39 quarters
|
|
97
Lowe's Companies
LOW
$104B
| $1.82B | 0.18% |
+8,270,160
| New | +$1.88B |
2013 Q2
52 quarters
|
|
98
Danaher
DHR
$155B
| $1.82B | 0.18% |
+9,537,906
| New | +$1.73B |
2013 Q2
52 quarters
|
|
99
Bank of New York Mellon
BNY
$96.8B
| $1.7B | 0.17% |
+11,751,724
| New | +$1.61B |
2013 Q2
52 quarters
|
|
100
Prologis
PLD
$123B
| $1.7B | 0.17% |
+12,518,679
| New | +$1.77B |
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.