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 | |
|---|---|---|---|---|---|---|
1176
ICU Medical
ICUI
$4.38B
| $26.1M | ﹤0.01% |
+177,733
| New | +$23.2M |
|
|
TPC
1177
Tutor Perini Cor
TPC
$4.83B
| $25.6M | ﹤0.01% |
+308,473
| New | +$24.8M |
|
|
NSA
1178
DELISTED
National Storage Affiliates Trust
NSA
| $25.3M | ﹤0.01% |
+568,000
| New | +$24.3M |
|
1179
Cedar Fair
FUN
$1.63B
| $25.2M | ﹤0.01% |
+1,185,213
| New | +$24.2M |
|
1180
IPG Photonics
IPGP
$3.29B
| $25.2M | ﹤0.01% |
+215,021
| New | +$24.7M |
|
1181
RH
RH
$2.74B
| $25.1M | ﹤0.01% |
+152,400
| New | +$21M |
|
1182
Recursion Pharmaceuticals
RXRX
$1.84B
| $25.1M | ﹤0.01% |
+6,833,534
| New | +$22.8M |
|
1183
Zillow
ZG
$8.17B
| $25M | ﹤0.01% |
+796,580
| New | +$30.8M |
|
1184
Grindr
GRND
$2.67B
| $24.8M | ﹤0.01% |
+1,726,668
| New | +$22.4M |
|
1185
Knife River
KNF
$3.78B
| $24.7M | ﹤0.01% |
+295,445
| New | +$24.4M |
|
1186
Morningstar
MORN
$8.21B
| $24.3M | ﹤0.01% |
+155,686
| New | +$27.1M |
|
1187
Ubiquiti
UI
$35.9B
| $24.3M | ﹤0.01% |
+45,444
| New | +$34.3M |
|
1188
Valvoline
VVV
$4.08B
| $24.2M | ﹤0.01% |
+611,480
| New | +$21.3M |
|
1189
Arrow Electronics
ARW
$10.6B
| $23.9M | ﹤0.01% |
+112,090
| New | +$22.4M |
|
1190
Middleby
MIDD
$5.14B
| $23.8M | ﹤0.01% |
+138,252
| New | +$20.8M |
|
|
PPTA
1191
Perpetua Resources
PPTA
$3.28B
| $23.7M | ﹤0.01% |
+1,140,754
| New | +$31M |
|
1192
Hilton Grand Vacations
HGV
$3.41B
| $23.6M | ﹤0.01% |
+451,429
| New | +$21.8M |
|
1193
Liberty Global Class A
LBTYA
$3.6B
| $23.3M | ﹤0.01% |
+2,048,330
| New | +$24.5M |
|
1194
Liberty Global Class C
LBTYK
$3.51B
| $23.2M | ﹤0.01% |
+2,112,541
| New | +$24.5M |
|
1195
Nomad Foods
NOMD
$1.68B
| $23.2M | ﹤0.01% |
+2,114,703
| New | +$21M |
|
1196
Pegasystems
PEGA
$5.9B
| $23.2M | ﹤0.01% |
+772,513
| New | +$27.6M |
|
1197
MasTec
MTZ
$20.2B
| $23.1M | ﹤0.01% |
+55,571
| New | +$21.2M |
|
1198
Core Scientific
CORZ
$5.66B
| $23M | ﹤0.01% |
+898,402
| New | +$21.2M |
|
1199
Sportradar
SRAD
$3.78B
| $22.8M | ﹤0.01% |
+1,525,041
| New | +$22.2M |
|
1200
Academy Sports + Outdoors
ASO
$2.64B
| $22.7M | ﹤0.01% |
+482,119
| New | +$25.7M |
|
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.