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 | |
|---|---|---|---|---|---|---|---|
1126
Kadant
KAI
$3.08B
| $33.4M | ﹤0.01% |
+106,160
| New | +$33.1M |
2022 Q2
16 quarters
|
|
1127
Bio-Rad Laboratories Class A
BIO
$9.74B
| $32.8M | ﹤0.01% |
+111,580
| New | +$31.6M |
2013 Q2
52 quarters
|
|
1128
Aris Mining
ARIS
$3.5B
| $32.5M | ﹤0.01% |
+2,178,364
| New | +$39.1M |
2026 Q2
0 quarters
|
|
|
SA
1129
Seabridge Gold
SA
$2.98B
| $32.3M | ﹤0.01% |
+1,253,903
| New | +$37.7M |
2026 Q2
0 quarters
|
|
1130
Sprott
SII
$2.95B
| $32M | ﹤0.01% |
+284,576
| New | +$37.2M |
2026 Q2
0 quarters
|
|
1131
CMB.TECH NV
CMBT
$6.07B
| $32M | ﹤0.01% |
+2,282,809
| New | +$32.9M |
2015 Q2
44 quarters
|
|
1132
TORM
TRMD
$4.2B
| $31.9M | ﹤0.01% |
+1,239,232
| New | +$37.5M |
2022 Q3
15 quarters
|
|
1133
UWM Holdings
UWMC
$352M
| $31.5M | ﹤0.01% |
+13,750,000
| New | +$42.7M |
2025 Q4
2 quarters
|
|
1134
Dropbox
DBX
$7.58B
| $31.5M | ﹤0.01% |
+1,145,662
| New | +$29.4M |
2023 Q3
11 quarters
|
|
1135
Amentum Holdings
AMTM
$4.63B
| $31.3M | ﹤0.01% |
+1,516,193
| New | +$36.7M |
2024 Q4
6 quarters
|
|
1136
Warner Music
WMG
$15B
| $31.3M | ﹤0.01% |
+1,155,828
| New | +$34.4M |
2024 Q3
7 quarters
|
|
1137
ATS Corp
ATS
$1.73B
| $31.2M | ﹤0.01% |
+1,084,181
| New | +$33.4M |
2023 Q2
12 quarters
|
|
1138
Zillow
Z
$6.26B
| $31.2M | ﹤0.01% |
+988,389
| New | +$38M |
2015 Q3
43 quarters
|
|
1139
Hancock Whitney
HWC
$5.83B
| $31M | ﹤0.01% |
+414,965
| New | +$28.4M |
2013 Q2
52 quarters
|
|
1140
MGM Resorts International
MGM
$7.38B
| $30.9M | ﹤0.01% |
+646,456
| New | +$26.9M |
2013 Q2
52 quarters
|
|
1141
Whirlpool
WHR
$1.88B
| $30.9M | ﹤0.01% |
+782,895
| New | +$36.7M |
2013 Q2
52 quarters
|
|
1142
Remitly
RELY
$4.98B
| $30.6M | ﹤0.01% |
+1,367,642
| New | +$28M |
2023 Q3
11 quarters
|
|
1143
BlackLine
BL
$1.7B
| $30.6M | ﹤0.01% |
+1,090,376
| New | +$32.6M |
2022 Q3
15 quarters
|
|
1144
Karman Holdings
KRMN
$4.23B
| $30.6M | ﹤0.01% |
+612,905
| New | +$39.6M |
2025 Q4
2 quarters
|
|
1145
StoneCo
STNE
$2.83B
| $30.4M | ﹤0.01% |
+2,802,890
| New | +$33.2M |
2019 Q2
28 quarters
|
|
1146
WIX.com
WIX
$3.1B
| $30.3M | ﹤0.01% |
+668,748
| New | +$41.3M |
2017 Q1
37 quarters
|
|
1147
SLM Corp
SLM
$4.31B
| $30.2M | ﹤0.01% |
+1,165,720
| New | +$26.2M |
2013 Q2
52 quarters
|
|
1148
Bombardier Recreational Products
DOO
$3.73B
| $30M | ﹤0.01% |
+492,212
| New | +$29.6M |
2026 Q2
0 quarters
|
|
1149
Allied Gold Corp
AAUC
$2.81B
| $29.7M | ﹤0.01% |
+1,249,416
| New | +$35.3M |
2026 Q2
0 quarters
|
|
1150
Cohu
COHU
$3.09B
| $29.5M | ﹤0.01% |
+398,600
| New | +$19.9M |
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.