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 | |
|---|---|---|---|---|---|---|---|
976
NorthWestern Energy
NWE
$4.58B
| $55.9M | 0.01% |
+780,561
| New | +$55.3M |
2013 Q2
52 quarters
|
|
977
MDU Resources
MDU
$3.92B
| $55.9M | 0.01% |
+2,633,250
| New | +$57.3M |
2013 Q2
52 quarters
|
|
978
Badger Meter
BMI
$3.84B
| $55.5M | 0.01% |
+374,295
| New | +$49M |
2013 Q2
52 quarters
|
|
979
Galaxy Digital Inc
GLXY
$3.86B
| $55.1M | 0.01% |
+2,015,015
| New | +$56.1M |
2025 Q4
2 quarters
|
|
980
B2Gold
BTG
$6.92B
| $55M | 0.01% |
+14,673,503
| New | +$67.3M |
2013 Q2
52 quarters
|
|
981
Mine Safety
MSA
$7.02B
| $55M | 0.01% |
+314,843
| New | +$52.7M |
2013 Q2
52 quarters
|
|
982
LKQ Corp
LKQ
$5.59B
| $54.9M | 0.01% |
+2,085,857
| New | +$58M |
2013 Q2
52 quarters
|
|
983
Spire
SR
$4.7B
| $54.9M | 0.01% |
+703,256
| New | +$60.4M |
2013 Q2
52 quarters
|
|
984
Aurora
AUR
$11.3B
| $54.9M | 0.01% |
+8,049,282
| New | +$49.2M |
2024 Q3
7 quarters
|
|
985
KB Home
KBH
$2.53B
| $54.5M | 0.01% |
+870,303
| New | +$45.3M |
2013 Q2
52 quarters
|
|
986
Alliance Laundry Holdings
ALH
$4.22B
| $54.5M | 0.01% |
+2,053,728
| New | +$51.3M |
2025 Q4
2 quarters
|
|
987
Colliers International
CIGI
$4.42B
| $54.2M | 0.01% |
+577,640
| New | +$58.3M |
2013 Q2
52 quarters
|
|
988
Envista
NVST
$3.65B
| $54.1M | 0.01% |
+2,051,894
| New | +$51.8M |
2019 Q4
26 quarters
|
|
989
Avient
AVNT
$3.57B
| $54.1M | 0.01% |
+1,462,798
| New | +$53M |
2013 Q2
52 quarters
|
|
990
CNH Industrial
CNH
$18.7B
| $54M | 0.01% |
+4,808,136
| New | +$51.2M |
2013 Q4
50 quarters
|
|
991
Flagstar Bank National Association
FLG
$4.69B
| $53.9M | 0.01% |
+3,610,405
| New | +$51.2M |
2022 Q3
15 quarters
|
|
992
G-III Apparel Group
GIII
$1.17B
| $53.9M | 0.01% |
+1,600,000
| New | +$50.5M |
2018 Q1
33 quarters
|
|
993
Installed Building Products
IBP
$4.93B
| $53.9M | 0.01% |
+234,394
| New | +$56.9M |
2017 Q3
35 quarters
|
|
994
Cousins Properties
CUZ
$4.56B
| $53.8M | 0.01% |
+1,795,845
| New | +$47.1M |
2013 Q2
52 quarters
|
|
995
EPAM Systems
EPAM
$5.83B
| $53.7M | 0.01% |
+676,395
| New | +$71.5M |
2014 Q3
47 quarters
|
|
996
SS&C Technologies
SSNC
$19B
| $53.6M | 0.01% |
+864,420
| New | +$58.7M |
2013 Q2
52 quarters
|
|
997
Itron
ITRI
$3.75B
| $53.5M | 0.01% |
+618,152
| New | +$52.8M |
2013 Q2
52 quarters
|
|
998
United Community Banks
UCB
$4.05B
| $53.5M | 0.01% |
+1,523,614
| New | +$50.9M |
2017 Q1
37 quarters
|
|
999
Genpact
G
$5.74B
| $53.4M | 0.01% |
+1,941,468
| New | +$63.8M |
2013 Q2
52 quarters
|
|
1000
International Bancshares
IBOC
$4.22B
| $53.2M | 0.01% |
+700,374
| New | +$50.8M |
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.