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 | |
|---|---|---|---|---|---|---|---|
1076
Life360
LIF
$3.57B
| $41.5M | ﹤0.01% |
+749,530
| New | +$33.3M |
2025 Q1
5 quarters
|
|
1077
Erie Indemnity
ERIE
$11.8B
| $41.1M | ﹤0.01% |
+171,369
| New | +$39.3M |
2024 Q3
7 quarters
|
|
1078
Acadia Pharmaceuticals
ACAD
$3.34B
| $41.1M | ﹤0.01% |
+1,623,308
| New | +$35.7M |
2014 Q2
48 quarters
|
|
1079
monday.com
MNDY
$3.58B
| $41.1M | ﹤0.01% |
+567,293
| New | +$41.6M |
2022 Q3
15 quarters
|
|
1080
Simply Good Foods
SMPL
$923M
| $40.1M | ﹤0.01% |
+3,021,177
| New | +$37.3M |
2018 Q4
30 quarters
|
|
1081
Saic
SAIC
$5.57B
| $39.3M | ﹤0.01% |
+356,104
| New | +$36M |
2013 Q4
50 quarters
|
|
1082
Doximity
DOCS
$5.45B
| $39.2M | ﹤0.01% |
+1,889,029
| New | +$41.8M |
2022 Q4
14 quarters
|
|
1083
Madison Air Solutions
MAIR
$11.7B
| $39M | ﹤0.01% |
+1,000,000
| New | +$39M |
2026 Q2
0 quarters
|
|
1084
TAL Education Group
TAL
$7.06B
| $39M | ﹤0.01% |
+4,073,516
| New | +$42.8M |
2023 Q4
10 quarters
|
|
|
ORLA
1085
DELISTED
Orla Mining
ORLA
| $38.8M | ﹤0.01% |
+3,974,308
| New | +$52.9M |
2025 Q4
2 quarters
|
|
1086
Hamilton Lane
HLNE
$4.8B
| $38.7M | ﹤0.01% |
+491,150
| New | +$43.7M |
2020 Q3
23 quarters
|
|
1087
DELISTED
SkyWater Technology
SKYT
| $38.3M | ﹤0.01% |
+1,100,000
| New | +$37.6M |
2026 Q2
0 quarters
|
|
1088
McCormick & Company Non-Voting
MKC
$12.3B
| $38.2M | ﹤0.01% |
+758,078
| New | +$37.2M |
2013 Q2
52 quarters
|
|
1089
Community Bank
CBU
$3.12B
| $38.1M | ﹤0.01% |
+567,244
| New | +$35.9M |
2013 Q2
52 quarters
|
|
1090
Cathay General Bancorp
CATY
$3.97B
| $38M | ﹤0.01% |
+612,822
| New | +$34.8M |
2013 Q2
52 quarters
|
|
1091
Dorman Products
DORM
$3.62B
| $38M | ﹤0.01% |
+278,200
| New | +$33M |
2013 Q2
52 quarters
|
|
1092
First Interstate BancSystem
FIBK
$3.32B
| $37.7M | ﹤0.01% |
+978,151
| New | +$34.6M |
2019 Q4
26 quarters
|
|
1093
Maximus
MMS
$3.08B
| $37.4M | ﹤0.01% |
+695,683
| New | +$43.4M |
2013 Q2
52 quarters
|
|
1094
Archer Aviation
ACHR
$3.61B
| $37.3M | ﹤0.01% |
+7,878,094
| New | +$45.8M |
2025 Q4
2 quarters
|
|
1095
Duolingo
DUOL
$6.91B
| $37M | ﹤0.01% |
+321,546
| New | +$35.2M |
2021 Q3
19 quarters
|
|
1096
Pony AI Inc
PONY
$2.5B
| $36.9M | ﹤0.01% |
+5,307,487
| New | +$49.2M |
2026 Q2
0 quarters
|
|
1097
Mattel
MAT
$4.79B
| $36.8M | ﹤0.01% |
+2,649,546
| New | +$38.8M |
2013 Q2
52 quarters
|
|
1098
DELISTED
Apollo Global Management Series A
APO.PRA
| $36.6M | ﹤0.01% |
+600,000
| New | +$38.9M |
2023 Q3
11 quarters
|
|
1099
Silgan Holdings
SLGN
$3.72B
| $36.2M | ﹤0.01% |
+780,130
| New | +$31.2M |
2013 Q2
52 quarters
|
|
1100
Denison Mines
DNN
$2.15B
| $36.2M | ﹤0.01% |
+11,801,253
| New | +$41.1M |
2026 Q2
0 quarters
|
|
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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.