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 | |
|---|---|---|---|---|---|---|---|
1051
Casella Waste Systems
CWST
$5.42B
| $46.2M | ﹤0.01% |
+476,323
| New | +$40.7M |
2019 Q3
27 quarters
|
|
1052
Quantinuum Inc
QNT
$1.55B
| $46.1M | ﹤0.01% |
+564,000
| New | +$36.3M |
2026 Q2
0 quarters
|
|
1053
Lithia Motors
LAD
$6.3B
| $46.1M | ﹤0.01% |
+158,545
| New | +$45.1M |
2014 Q3
47 quarters
|
|
1054
ScottsMiracle-Gro
SMG
$2.91B
| $46M | ﹤0.01% |
+675,842
| New | +$41.9M |
2013 Q2
52 quarters
|
|
1055
Fulton Financial
FULT
$4.23B
| $46M | ﹤0.01% |
+1,902,512
| New | +$41.7M |
2013 Q2
52 quarters
|
|
1056
HubSpot
HUBS
$11.1B
| $46M | ﹤0.01% |
+251,796
| New | +$52.7M |
2015 Q3
43 quarters
|
|
1057
West Fraser Timber
WFG
$5B
| $45.7M | ﹤0.01% |
+675,791
| New | +$44M |
2021 Q1
21 quarters
|
|
1058
Hexcel
HXL
$6.42B
| $45.7M | ﹤0.01% |
+456,464
| New | +$41.3M |
2013 Q2
52 quarters
|
|
1059
GMR Solutions Inc
GMRS
$573M
| $45.6M | ﹤0.01% |
+2,950,000
| New | +$37M |
2026 Q2
0 quarters
|
|
1060
Global E Online
GLBE
$6.55B
| $45.3M | ﹤0.01% |
+1,303,850
| New | +$41.2M |
2022 Q3
15 quarters
|
|
1061
Loar Holdings
LOAR
$5.84B
| $45M | ﹤0.01% |
+558,181
| New | +$35.6M |
2024 Q2
8 quarters
|
|
1062
Dolby
DLB
$5.44B
| $44.7M | ﹤0.01% |
+850,962
| New | +$48.8M |
2013 Q2
52 quarters
|
|
1063
CSW Industrials
CSW
$4.71B
| $44.5M | ﹤0.01% |
+159,832
| New | +$44.3M |
2024 Q3
7 quarters
|
|
1064
Eastern Bankshares
EBC
$4.83B
| $44.4M | ﹤0.01% |
+1,994,543
| New | +$40.5M |
2021 Q1
21 quarters
|
|
1065
Methanex
MEOH
$4.77B
| $44.3M | ﹤0.01% |
+960,526
| New | +$56.6M |
2013 Q2
52 quarters
|
|
1066
H.B. Fuller
FUL
$2.66B
| $43.9M | ﹤0.01% |
+753,424
| New | +$46.3M |
2013 Q2
52 quarters
|
|
1067
Associated Banc-Corp
ASB
$5.44B
| $43.2M | ﹤0.01% |
+1,403,050
| New | +$39.5M |
2013 Q2
52 quarters
|
|
1068
Sphere Entertainment
SPHR
$3.74B
| $43.1M | ﹤0.01% |
+249,365
| New | +$34.8M |
2024 Q4
6 quarters
|
|
1069
Assured Guaranty
AGO
$3.06B
| $43.1M | ﹤0.01% |
+537,845
| New | +$42.5M |
2013 Q2
52 quarters
|
|
1070
Brink's
BCO
$4.22B
| $43M | ﹤0.01% |
+455,433
| New | +$47.4M |
2013 Q2
52 quarters
|
|
1071
e.l.f. Beauty
ELF
$6.49B
| $42.4M | ﹤0.01% |
+572,944
| New | +$34.8M |
2023 Q2
12 quarters
|
|
1072
Prudential Financial
PRU
$39.1B
| $42.4M | ﹤0.01% |
+392,530
| New | +$39.9M |
2013 Q2
52 quarters
|
|
1073
Corcept Therapeutics
CORT
$13.1B
| $42.3M | ﹤0.01% |
+487,055
| New | +$29.4M |
2018 Q1
33 quarters
|
|
1074
Leonardo DRS
DRS
$9.51B
| $42.3M | ﹤0.01% |
+992,317
| New | +$44.1M |
2023 Q4
10 quarters
|
|
1075
Centerra Gold
CGAU
$4.4B
| $42M | ﹤0.01% |
+2,650,173
| New | +$46.4M |
2026 Q2
0 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.