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 | |
|---|---|---|---|---|---|---|
1051
Casella Waste Systems
CWST
$5.92B
| $46.2M | ﹤0.01% |
+476,323
| New | +$40.7M |
|
|
QNT
1052
Quantinuum Inc
QNT
$1.99B
| $46.1M | ﹤0.01% |
+564,000
| New | +$36.3M |
|
1053
Lithia Motors
LAD
$8.16B
| $46.1M | ﹤0.01% |
+158,545
| New | +$45.1M |
|
1054
ScottsMiracle-Gro
SMG
$3.53B
| $46M | ﹤0.01% |
+675,842
| New | +$41.9M |
|
1055
Fulton Financial
FULT
$4.53B
| $46M | ﹤0.01% |
+1,902,512
| New | +$41.7M |
|
1056
HubSpot
HUBS
$12.8B
| $46M | ﹤0.01% |
+251,796
| New | +$52.7M |
|
1057
West Fraser Timber
WFG
$5.4B
| $45.7M | ﹤0.01% |
+675,791
| New | +$44M |
|
1058
Hexcel
HXL
$7.16B
| $45.7M | ﹤0.01% |
+456,464
| New | +$41.3M |
|
|
GMRS
1059
GMR Solutions Inc
GMRS
$679M
| $45.6M | ﹤0.01% |
+2,950,000
| New | +$37M |
|
1060
Global E Online
GLBE
$6.63B
| $45.3M | ﹤0.01% |
+1,303,850
| New | +$41.2M |
|
1061
Loar Holdings
LOAR
$6.85B
| $45M | ﹤0.01% |
+558,181
| New | +$35.6M |
|
1062
Dolby
DLB
$5.85B
| $44.7M | ﹤0.01% |
+850,962
| New | +$48.8M |
|
|
CSW
1063
CSW Industrials
CSW
$5.19B
| $44.5M | ﹤0.01% |
+159,832
| New | +$44.3M |
|
1064
Eastern Bankshares
EBC
$5.12B
| $44.4M | ﹤0.01% |
+1,994,543
| New | +$40.5M |
|
1065
Methanex
MEOH
$4.51B
| $44.3M | ﹤0.01% |
+960,526
| New | +$56.6M |
|
1066
H.B. Fuller
FUL
$3.07B
| $43.9M | ﹤0.01% |
+753,424
| New | +$46.3M |
|
1067
Associated Banc-Corp
ASB
$5.82B
| $43.2M | ﹤0.01% |
+1,403,050
| New | +$39.5M |
|
1068
Sphere Entertainment
SPHR
$5.29B
| $43.1M | ﹤0.01% |
+249,365
| New | +$34.8M |
|
1069
Assured Guaranty
AGO
$3.34B
| $43.1M | ﹤0.01% |
+537,845
| New | +$42.5M |
|
1070
Brink's
BCO
$4.51B
| $43M | ﹤0.01% |
+455,433
| New | +$47.4M |
|
1071
e.l.f. Beauty
ELF
$6.26B
| $42.4M | ﹤0.01% |
+572,944
| New | +$34.8M |
|
1072
Prudential Financial
PRU
$41.5B
| $42.4M | ﹤0.01% |
+392,530
| New | +$39.9M |
|
1073
Corcept Therapeutics
CORT
$12.6B
| $42.3M | ﹤0.01% |
+487,055
| New | +$29.4M |
|
1074
Leonardo DRS
DRS
$10.4B
| $42.3M | ﹤0.01% |
+992,317
| New | +$44.1M |
|
|
CGAU
1075
Centerra Gold
CGAU
$4.74B
| $42M | ﹤0.01% |
+2,650,173
| New | +$46.4M |
|
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.