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 | |
|---|---|---|---|---|---|---|---|
1201
Kulicke & Soffa
KLIC
$4.63B
| $22.6M | ﹤0.01% |
+169,105
| New | +$16.6M |
2023 Q4
10 quarters
|
|
1202
Bruker
BRKR
$8.57B
| $22.4M | ﹤0.01% |
+371,662
| New | +$17.3M |
2013 Q2
52 quarters
|
|
1203
Norwegian Cruise Line
NCLH
$7.05B
| $22.1M | ﹤0.01% |
+1,049,238
| New | +$19.6M |
2013 Q3
51 quarters
|
|
1204
ReNew
RNW
$2.51B
| $21.8M | ﹤0.01% |
+3,492,875
| New | +$19.7M |
2023 Q4
10 quarters
|
|
1205
Life Time Group Holdings
LTH
$9.02B
| $21.7M | ﹤0.01% |
+531,808
| New | +$16.9M |
2024 Q3
7 quarters
|
|
1206
Octave Intelligence
OCTV
$5.51B
| $21.5M | ﹤0.01% |
+1,316,803
| New | +$24.2M |
2026 Q2
0 quarters
|
|
1207
Dillards
DDS
$10B
| $21.4M | ﹤0.01% |
+40,568
| New | +$23.4M |
2021 Q3
19 quarters
|
|
1208
Thor Industries
THO
$3.3B
| $21.4M | ﹤0.01% |
+284,903
| New | +$21.9M |
2013 Q2
52 quarters
|
|
1209
Vail Resorts
MTN
$5.24B
| $21.2M | ﹤0.01% |
+155,358
| New | +$20.2M |
2013 Q2
52 quarters
|
|
1210
Pentair
PNR
$8.35B
| $21.1M | ﹤0.01% |
+274,700
| New | +$21.7M |
2013 Q2
52 quarters
|
|
1211
Beta Technologies Inc
BETA
$4.64B
| $20.9M | ﹤0.01% |
+1,249,598
| New | +$20.8M |
2025 Q4
2 quarters
|
|
1212
Perrigo
PRGO
$2.14B
| $20.9M | ﹤0.01% |
+2,014,291
| New | +$22.2M |
2015 Q3
43 quarters
|
|
1213
Roku
ROKU
$22.7B
| $20.9M | ﹤0.01% |
+151,471
| New | +$18.5M |
2018 Q3
31 quarters
|
|
1214
National Energy Services Reunited Corp
NESR
$2.11B
| $20.9M | ﹤0.01% |
+698,200
| New | +$17.3M |
2026 Q2
0 quarters
|
|
1215
Vipshop
VIPS
$6.11B
| $20.9M | ﹤0.01% |
+1,574,772
| New | +$22.5M |
2017 Q3
35 quarters
|
|
1216
Edgewise Therapeutics
EWTX
$4.18B
| $20.7M | ﹤0.01% |
+510,140
| New | +$17.6M |
2024 Q3
7 quarters
|
|
1217
Lennar Class B
LEN.B
$17.6B
| $20.3M | ﹤0.01% |
+229,293
| New | +$20M |
2013 Q2
52 quarters
|
|
1218
BOK Financial
BOKF
$7.64B
| $20.2M | ﹤0.01% |
+145,252
| New | +$19.2M |
2013 Q2
52 quarters
|
|
1219
Summit Therapeutics
SMMT
$13.7B
| $20.1M | ﹤0.01% |
+1,382,519
| New | +$24.5M |
2024 Q4
6 quarters
|
|
1220
AvePoint
AVPT
$3.08B
| $20M | ﹤0.01% |
+1,784,700
| New | +$18.4M |
2024 Q4
6 quarters
|
|
1221
Applied Optoelectronics
AAOI
$8.55B
| $19.4M | ﹤0.01% |
+131,200
| New | +$21.3M |
2026 Q2
0 quarters
|
|
1222
Navan Inc
NAVN
$6.14B
| $18.9M | ﹤0.01% |
+826,309
| New | +$15.1M |
2025 Q4
2 quarters
|
|
1223
GeneDx Holdings
WGS
$1.9B
| $18.7M | ﹤0.01% |
+273,100
| New | +$15.5M |
2024 Q4
6 quarters
|
|
1224
Brighthouse Financial
BHF
$2.78B
| $18.6M | ﹤0.01% |
+294,000
| New | +$18.3M |
2017 Q3
35 quarters
|
|
1225
Guidewire Software
GWRE
$13.5B
| $18.6M | ﹤0.01% |
+150,914
| New | +$20.1M |
2014 Q1
49 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.