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 | |
|---|---|---|---|---|---|---|---|
1176
ICU Medical
ICUI
$4.1B
| $26.1M | ﹤0.01% |
+177,733
| New | +$23.2M |
2013 Q2
52 quarters
|
|
1177
Tutor Perini Cor
TPC
$4.39B
| $25.6M | ﹤0.01% |
+308,473
| New | +$24.8M |
2025 Q1
5 quarters
|
|
1178
DELISTED
National Storage Affiliates Trust
NSA
| $25.3M | ﹤0.01% |
+568,000
| New | +$24.3M |
2019 Q1
29 quarters
|
|
1179
Cedar Fair
FUN
$1.22B
| $25.2M | ﹤0.01% |
+1,185,213
| New | +$24.2M |
2025 Q4
2 quarters
|
|
1180
IPG Photonics
IPGP
$3.23B
| $25.2M | ﹤0.01% |
+215,021
| New | +$24.7M |
2013 Q2
52 quarters
|
|
1181
RH
RH
$2.21B
| $25.1M | ﹤0.01% |
+152,400
| New | +$21M |
2017 Q4
34 quarters
|
|
1182
Recursion Pharmaceuticals
RXRX
$2.15B
| $25.1M | ﹤0.01% |
+6,833,534
| New | +$22.8M |
2021 Q2
20 quarters
|
|
1183
Zillow
ZG
$6.45B
| $25M | ﹤0.01% |
+796,580
| New | +$30.8M |
2014 Q2
48 quarters
|
|
1184
Grindr
GRND
$2.63B
| $24.8M | ﹤0.01% |
+1,726,668
| New | +$22.4M |
2024 Q3
7 quarters
|
|
1185
Knife River
KNF
$2.81B
| $24.7M | ﹤0.01% |
+295,445
| New | +$24.4M |
2023 Q2
12 quarters
|
|
1186
Morningstar
MORN
$7.66B
| $24.3M | ﹤0.01% |
+155,686
| New | +$27.1M |
2013 Q2
52 quarters
|
|
1187
Ubiquiti
UI
$37.5B
| $24.3M | ﹤0.01% |
+45,444
| New | +$34.3M |
2014 Q2
48 quarters
|
|
1188
Valvoline
VVV
$3.85B
| $24.2M | ﹤0.01% |
+611,480
| New | +$21.3M |
2016 Q3
39 quarters
|
|
1189
Arrow Electronics
ARW
$11.5B
| $23.9M | ﹤0.01% |
+112,090
| New | +$22.4M |
2013 Q2
52 quarters
|
|
1190
Middleby
MIDD
$4.77B
| $23.8M | ﹤0.01% |
+138,252
| New | +$20.8M |
2013 Q2
52 quarters
|
|
1191
Perpetua Resources
PPTA
$2.53B
| $23.7M | ﹤0.01% |
+1,140,754
| New | +$31M |
2026 Q2
0 quarters
|
|
1192
Hilton Grand Vacations
HGV
$2.68B
| $23.6M | ﹤0.01% |
+451,429
| New | +$21.8M |
2017 Q1
37 quarters
|
|
1193
Liberty Global Class A
LBTYA
$2.92B
| $23.3M | ﹤0.01% |
+2,048,330
| New | +$24.5M |
2013 Q2
52 quarters
|
|
1194
Liberty Global Class C
LBTYK
$2.86B
| $23.2M | ﹤0.01% |
+2,112,541
| New | +$24.5M |
2013 Q2
52 quarters
|
|
1195
Nomad Foods
NOMD
$1.59B
| $23.2M | ﹤0.01% |
+2,114,703
| New | +$21M |
2018 Q1
33 quarters
|
|
1196
Pegasystems
PEGA
$5.74B
| $23.2M | ﹤0.01% |
+772,513
| New | +$27.6M |
2013 Q2
52 quarters
|
|
1197
MasTec
MTZ
$16.6B
| $23.1M | ﹤0.01% |
+55,571
| New | +$21.2M |
2013 Q2
52 quarters
|
|
1198
Core Scientific
CORZ
$4.83B
| $23M | ﹤0.01% |
+898,402
| New | +$21.2M |
2025 Q4
2 quarters
|
|
1199
Sportradar
SRAD
$3.75B
| $22.8M | ﹤0.01% |
+1,525,041
| New | +$22.2M |
2025 Q4
2 quarters
|
|
1200
Academy Sports + Outdoors
ASO
$3.31B
| $22.7M | ﹤0.01% |
+482,119
| New | +$25.7M |
2021 Q2
20 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.