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 | |
|---|---|---|---|---|---|---|
1001
T. Rowe Price
TROW
$24.1B
| $53.1M | 0.01% |
+466,944
| New | +$47.8M |
|
|
SMA
1002
SmartStop Self Storage REIT
SMA
$1.84B
| $53M | 0.01% |
+1,630,366
| New | +$51.7M |
|
1003
Wingstop
WING
$3.04B
| $53M | 0.01% |
+305,404
| New | +$48.1M |
|
1004
Bath & Body Works
BBWI
$3.99B
| $52.7M | 0.01% |
+2,278,971
| New | +$43.6M |
|
1005
Vontier
VNT
$4.48B
| $52.5M | 0.01% |
+1,812,038
| New | +$57.9M |
|
1006
GXO Logistics
GXO
$5.46B
| $52.4M | 0.01% |
+1,034,511
| New | +$53.6M |
|
1007
HP
HPQ
$27.3B
| $52.4M | 0.01% |
+2,390,372
| New | +$52.9M |
|
1008
Cooper Companies
COO
$13.8B
| $52.4M | 0.01% |
+730,427
| New | +$47.8M |
|
1009
Planet Fitness
PLNT
$3.96B
| $52.3M | 0.01% |
+1,002,583
| New | +$58.8M |
|
1010
Cabot Corp
CBT
$4.36B
| $52.2M | 0.01% |
+574,305
| New | +$47M |
|
1011
UiPath
PATH
$9.46B
| $52M | 0.01% |
+4,785,128
| New | +$51.1M |
|
1012
Exponent
EXPO
$3.39B
| $51.9M | 0.01% |
+883,843
| New | +$54.2M |
|
1013
Independent Bank
INDB
$3.91B
| $51.6M | 0.01% |
+616,226
| New | +$48.9M |
|
1014
WEX
WEX
$6.75B
| $51.5M | 0.01% |
+365,109
| New | +$54.1M |
|
1015
Valaris
VAL
$5.91B
| $51.3M | 0.01% |
+706,961
| New | +$65.8M |
|
1016
Primoris Services
PRIM
$4.07B
| $51.3M | 0.01% |
+517,320
| New | +$68M |
|
1017
National Health Investors
NHI
$3.58B
| $51.3M | 0.01% |
+672,355
| New | +$51.5M |
|
1018
First Bancorp
FBP
$4.27B
| $51.1M | 0.01% |
+1,960,975
| New | +$47.2M |
|
1019
Grand Canyon Education
LOPE
$3.94B
| $51M | 0.01% |
+356,393
| New | +$56.6M |
|
1020
Resideo Technologies
REZI
$3.03B
| $50.9M | 0.01% |
+1,636,480
| New | +$56.3M |
|
|
CON
1021
Concentra Group Holdings
CON
$4.4B
| $50.7M | 0.01% |
+1,704,293
| New | +$42.4M |
|
1022
Universal Display
OLED
$3.9B
| $50.4M | 0.01% |
+581,546
| New | +$53.7M |
|
1023
Gentex
GNTX
$4.82B
| $50.3M | 0.01% |
+1,990,404
| New | +$47.1M |
|
1024
Procore
PCOR
$9.64B
| $50M | 0.01% |
+1,230,355
| New | +$60.8M |
|
1025
FTI Consulting
FCN
$4.21B
| $49.8M | 0.01% |
+333,938
| New | +$54.6M |
|
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.