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 | |
|---|---|---|---|---|---|---|
|
LIF
1076
Life360
LIF
$3.61B
| $41.5M | ﹤0.01% |
+749,530
| New | +$33.3M |
|
1077
Erie Indemnity
ERIE
$13.6B
| $41.1M | ﹤0.01% |
+171,369
| New | +$39.3M |
|
1078
Acadia Pharmaceuticals
ACAD
$5.12B
| $41.1M | ﹤0.01% |
+1,623,308
| New | +$35.7M |
|
1079
monday.com
MNDY
$4.21B
| $41.1M | ﹤0.01% |
+567,293
| New | +$41.6M |
|
1080
Simply Good Foods
SMPL
$903M
| $40.1M | ﹤0.01% |
+3,021,177
| New | +$37.3M |
|
1081
Saic
SAIC
$5.45B
| $39.3M | ﹤0.01% |
+356,104
| New | +$36M |
|
1082
Doximity
DOCS
$4.56B
| $39.2M | ﹤0.01% |
+1,889,029
| New | +$41.8M |
|
|
MAIR
1083
Madison Air Solutions
MAIR
$13.6B
| $39M | ﹤0.01% |
+1,000,000
| New | +$39M |
|
1084
TAL Education Group
TAL
$6.5B
| $39M | ﹤0.01% |
+4,073,516
| New | +$42.8M |
|
|
ORLA
1085
DELISTED
Orla Mining
ORLA
| $38.8M | ﹤0.01% |
+3,974,308
| New | +$52.9M |
|
1086
Hamilton Lane
HLNE
$4.63B
| $38.7M | ﹤0.01% |
+491,150
| New | +$43.7M |
|
|
SKYT
1087
DELISTED
SkyWater Technology
SKYT
| $38.3M | ﹤0.01% |
+1,100,000
| New | +$37.6M |
|
1088
McCormick & Company Non-Voting
MKC
$14.7B
| $38.2M | ﹤0.01% |
+758,078
| New | +$37.2M |
|
1089
Community Bank
CBU
$3.32B
| $38.1M | ﹤0.01% |
+567,244
| New | +$35.9M |
|
1090
Cathay General Bancorp
CATY
$4.14B
| $38M | ﹤0.01% |
+612,822
| New | +$34.8M |
|
1091
Dorman Products
DORM
$3.8B
| $38M | ﹤0.01% |
+278,200
| New | +$33M |
|
1092
First Interstate BancSystem
FIBK
$3.55B
| $37.7M | ﹤0.01% |
+978,151
| New | +$34.6M |
|
1093
Maximus
MMS
$3.12B
| $37.4M | ﹤0.01% |
+695,683
| New | +$43.4M |
|
1094
Archer Aviation
ACHR
$4.57B
| $37.3M | ﹤0.01% |
+7,878,094
| New | +$45.8M |
|
1095
Duolingo
DUOL
$6.68B
| $37M | ﹤0.01% |
+321,546
| New | +$35.2M |
|
|
PONY
1096
Pony AI Inc
PONY
$3.27B
| $36.9M | ﹤0.01% |
+5,307,487
| New | +$49.2M |
|
1097
Mattel
MAT
$4.26B
| $36.8M | ﹤0.01% |
+2,649,546
| New | +$38.8M |
|
|
APO.PRA
1098
DELISTED
Apollo Global Management Series A
APO.PRA
| $36.6M | ﹤0.01% |
+600,000
| New | +$38.9M |
|
1099
Silgan Holdings
SLGN
$4.42B
| $36.2M | ﹤0.01% |
+780,130
| New | +$31.2M |
|
1100
Denison Mines
DNN
$3.32B
| $36.2M | ﹤0.01% |
+11,801,253
| New | +$41.1M |
|
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.