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 | |
|---|---|---|---|---|---|---|
1026
TransAlta
TAC
$3.92B
| $49.5M | ﹤0.01% |
+3,581,371
| New | +$47.3M |
|
1027
Paylocity
PCTY
$8.41B
| $49.4M | ﹤0.01% |
+472,273
| New | +$50.3M |
|
1028
Merit Medical Systems
MMSI
$5.37B
| $49.3M | ﹤0.01% |
+711,160
| New | +$46.9M |
|
1029
Stride
LRN
$3.58B
| $49.3M | ﹤0.01% |
+571,610
| New | +$52.5M |
|
1030
Maplebear
CART
$11.7B
| $49M | ﹤0.01% |
+1,035,821
| New | +$43.3M |
|
1031
WSFS Financial
WSFS
$4B
| $49M | ﹤0.01% |
+638,922
| New | +$45.8M |
|
1032
RLI Corp
RLI
$5.94B
| $48.9M | ﹤0.01% |
+827,253
| New | +$44.4M |
|
1033
Tencent Music
TME
$14.1B
| $48.7M | ﹤0.01% |
+5,837,956
| New | +$53.3M |
|
1034
Nexstar Media Group
NXST
$5.57B
| $48.4M | ﹤0.01% |
+271,005
| New | +$50.7M |
|
1035
First Financial Bankshares
FFIN
$4.77B
| $48.4M | ﹤0.01% |
+1,397,818
| New | +$45.2M |
|
1036
HealthEquity
HQY
$7.81B
| $48.2M | ﹤0.01% |
+533,946
| New | +$45.3M |
|
1037
Factset
FDS
$10.8B
| $47.9M | ﹤0.01% |
+208,310
| New | +$47.8M |
|
|
ALM
1038
Almonty Industries
ALM
$5.32B
| $47.9M | ﹤0.01% |
+2,894,766
| New | +$55.2M |
|
|
PTRN
1039
Pattern Group Inc
PTRN
$3.87B
| $47.4M | ﹤0.01% |
+1,882,887
| New | +$32M |
|
1040
MSC Industrial Direct
MSM
$6.72B
| $47.3M | ﹤0.01% |
+398,005
| New | +$42.3M |
|
|
PAYP
1041
PayPay
PAYP
$10.2B
| $47.3M | ﹤0.01% |
+3,300,000
| New | +$60.7M |
|
1042
Energy Fuels
UUUU
$3.8B
| $47.3M | ﹤0.01% |
+3,256,725
| New | +$59.8M |
|
1043
Kontoor Brands
KTB
$4.24B
| $46.9M | ﹤0.01% |
+563,343
| New | +$41.1M |
|
1044
Trade Desk
TTD
$6.4B
| $46.8M | ﹤0.01% |
+2,590,924
| New | +$55M |
|
1045
Belden
BDC
$4.56B
| $46.7M | ﹤0.01% |
+389,743
| New | +$45.4M |
|
1046
Broadstone Net Lease
BNL
$4.34B
| $46.6M | ﹤0.01% |
+2,254,795
| New | +$45.5M |
|
1047
H&R Block
HRB
$6.51B
| $46.4M | ﹤0.01% |
+1,219,451
| New | +$42.5M |
|
1048
MakeMyTrip
MMYT
$5.55B
| $46.4M | ﹤0.01% |
+870,819
| New | +$39.6M |
|
1049
Texas Capital Bancshares
TCBI
$4.29B
| $46.4M | ﹤0.01% |
+448,983
| New | +$45M |
|
1050
Graphic Packaging
GPK
$3.36B
| $46.3M | ﹤0.01% |
+4,380,131
| New | +$44.7M |
|
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.