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 | |
|---|---|---|---|---|---|---|---|
1001
T. Rowe Price
TROW
$22.2B
| $53.1M | 0.01% |
+466,944
| New | +$47.8M |
2013 Q2
52 quarters
|
|
1002
SmartStop Self Storage REIT
SMA
$1.88B
| $53M | 0.01% |
+1,630,366
| New | +$51.7M |
2026 Q2
0 quarters
|
|
1003
Wingstop
WING
$3.43B
| $53M | 0.01% |
+305,404
| New | +$48.1M |
2019 Q1
29 quarters
|
|
1004
Bath & Body Works
BBWI
$3.51B
| $52.7M | 0.01% |
+2,278,971
| New | +$43.6M |
2013 Q2
52 quarters
|
|
1005
Vontier
VNT
$4.3B
| $52.5M | 0.01% |
+1,812,038
| New | +$57.9M |
2020 Q4
22 quarters
|
|
1006
GXO Logistics
GXO
$5.34B
| $52.4M | 0.01% |
+1,034,511
| New | +$53.6M |
2021 Q3
19 quarters
|
|
1007
HP
HPQ
$26.9B
| $52.4M | 0.01% |
+2,390,372
| New | +$52.9M |
2013 Q2
52 quarters
|
|
1008
Cooper Companies
COO
$10.6B
| $52.4M | 0.01% |
+730,427
| New | +$47.8M |
2013 Q2
52 quarters
|
|
1009
Planet Fitness
PLNT
$3.62B
| $52.3M | 0.01% |
+1,002,583
| New | +$58.8M |
2017 Q3
35 quarters
|
|
1010
Cabot Corp
CBT
$3.83B
| $52.2M | 0.01% |
+574,305
| New | +$47M |
2013 Q2
52 quarters
|
|
1011
UiPath
PATH
$6.94B
| $52M | 0.01% |
+4,785,128
| New | +$51.1M |
2021 Q4
18 quarters
|
|
1012
Exponent
EXPO
$3.36B
| $51.9M | 0.01% |
+883,843
| New | +$54.2M |
2016 Q1
41 quarters
|
|
1013
Independent Bank
INDB
$3.65B
| $51.6M | 0.01% |
+616,226
| New | +$48.9M |
2013 Q2
52 quarters
|
|
1014
WEX
WEX
$5.88B
| $51.5M | 0.01% |
+365,109
| New | +$54.1M |
2013 Q2
52 quarters
|
|
1015
Valaris
VAL
$5.9B
| $51.3M | 0.01% |
+706,961
| New | +$65.8M |
2022 Q1
17 quarters
|
|
1016
Primoris Services
PRIM
$4.46B
| $51.3M | 0.01% |
+517,320
| New | +$68M |
2014 Q2
48 quarters
|
|
1017
National Health Investors
NHI
$3.22B
| $51.3M | 0.01% |
+672,355
| New | +$51.5M |
2013 Q2
52 quarters
|
|
1018
First Bancorp
FBP
$4.08B
| $51.1M | 0.01% |
+1,960,975
| New | +$47.2M |
2013 Q2
52 quarters
|
|
1019
Grand Canyon Education
LOPE
$4.18B
| $51M | 0.01% |
+356,393
| New | +$56.6M |
2022 Q3
15 quarters
|
|
1020
Resideo Technologies
REZI
$2.53B
| $50.9M | 0.01% |
+1,636,480
| New | +$56.3M |
2018 Q4
30 quarters
|
|
1021
Concentra Group Holdings
CON
$4.79B
| $50.7M | 0.01% |
+1,704,293
| New | +$42.4M |
2024 Q3
7 quarters
|
|
1022
Universal Display
OLED
$3.45B
| $50.4M | 0.01% |
+581,546
| New | +$53.7M |
2013 Q2
52 quarters
|
|
1023
Gentex
GNTX
$4.36B
| $50.3M | 0.01% |
+1,990,404
| New | +$47.1M |
2013 Q2
52 quarters
|
|
1024
Procore
PCOR
$8.54B
| $50M | 0.01% |
+1,230,355
| New | +$60.8M |
2021 Q2
20 quarters
|
|
1025
FTI Consulting
FCN
$3.81B
| $49.8M | 0.01% |
+333,938
| New | +$54.6M |
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.