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
|
+$62.1B |
| 2 |
Microsoft
MSFT
|
+$52.5B |
| 3 |
Apple
AAPL
|
+$51.6B |
| 4 |
Amazon
AMZN
|
+$32.6B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27.9B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.77% |
| 2 | Financials | 14.44% |
| 3 | Consumer Discretionary | 10.8% |
| 4 | Communication Services | 10.47% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Portland General Electric
POR
$5.83B
| $56.5M | 0.01% |
+1,177,263
| New | +$55.6M |
|
977
Resideo Technologies
REZI
$2.97B
| $56.1M | 0.01% |
+1,596,217
| New | +$59.1M |
|
978
Silicon Laboratories
SLAB
$7.3B
| $56M | 0.01% |
+428,524
| New | +$56.3M |
|
|
ALH
979
Alliance Laundry Holdings
ALH
$4.6B
| $56M | 0.01% |
+2,750,000
| New | +$66.1M |
|
|
NGD
980
DELISTED
New Gold Inc
NGD
| $55.9M | 0.01% |
+6,419,767
| New | +$48.3M |
|
|
CCC
981
CCC Intelligent Solutions
CCC
$4.46B
| $55.7M | 0.01% |
+7,000,986
| New | +$56.9M |
|
982
Bath & Body Works
BBWI
$3.91B
| $55.5M | 0.01% |
+2,764,168
| New | +$61M |
|
983
National Health Investors
NHI
$3.54B
| $55.3M | 0.01% |
+724,125
| New | +$55.5M |
|
984
Impinj
PI
$5.19B
| $55.2M | 0.01% |
+317,313
| New | +$56.5M |
|
985
Dolby
DLB
$5.66B
| $55M | 0.01% |
+855,898
| New | +$57.5M |
|
986
SentinelOne
S
$7.25B
| $54.8M | 0.01% |
+3,651,304
| New | +$59.8M |
|
987
ACI Worldwide
ACIW
$5.48B
| $54.7M | 0.01% |
+1,144,849
| New | +$55.5M |
|
988
Associated Banc-Corp
ASB
$5.83B
| $54.7M | 0.01% |
+2,121,893
| New | +$54.6M |
|
989
Sonoco
SON
$5.59B
| $54.6M | 0.01% |
+1,251,407
| New | +$51.8M |
|
990
Credo Technology Group
CRDO
$43.8B
| $54.5M | 0.01% |
+378,675
| New | +$58.2M |
|
991
Alkermes
ALKS
$8B
| $54.4M | 0.01% |
+1,945,734
| New | +$58.3M |
|
992
BILL Holdings
BILL
$4.96B
| $54.3M | 0.01% |
+995,150
| New | +$51.1M |
|
993
Graphic Packaging
GPK
$3.4B
| $54M | 0.01% |
+3,587,705
| New | +$59M |
|
|
TGNA
994
DELISTED
TEGNA Inc
TGNA
| $54M | 0.01% |
+2,782,298
| New | +$55M |
|
995
Amkor Technology
AMKR
$11.9B
| $53.7M | 0.01% |
+1,360,226
| New | +$48.4M |
|
996
CACI
CACI
$13.9B
| $53.6M | 0.01% |
+100,679
| New | +$56.9M |
|
997
SEI Investments
SEIC
$13.4B
| $53.5M | 0.01% |
+652,868
| New | +$53.7M |
|
998
Saic
SAIC
$5.45B
| $53.4M | 0.01% |
+530,527
| New | +$50.7M |
|
999
Workiva
WK
$4.31B
| $53.4M | 0.01% |
+618,845
| New | +$54.8M |
|
1000
Cousins Properties
CUZ
$4.84B
| $53.1M | 0.01% |
+2,058,302
| New | +$53.5M |
|
Similar funds
Norges Bank's Q4 2025 Portfolio in Review
As of Q4 2025, Norges Bank held 1,577 positions worth $935B. Its ten largest holdings account for 35% of the portfolio.
Norges Bank deployed $925B of net new capital in Q4 2025, opening 1,577 new positions. Its largest new stake was NVIDIA: 333,748,700 shares worth $62.2B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q4 2025 buy was NVIDIA: 333,748,700 shares worth $62.2B.
- Norges Bank's ten largest holdings make up 35% of its $935B portfolio in Q4 2025.
- Norges Bank opened 1,577 new positions and closed 0 in Q4 2025.
Based on Norges Bank's 13F filing for Q4 2025, filed 10 Feb 2026.