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 | |
|---|---|---|---|---|---|---|
1226
Trinity Industries
TRN
$2.35B
| $18.1M | ﹤0.01% |
+522,938
| New | +$17.7M |
|
1227
iRhythm Holdings
IRTC
$3.83B
| $17.6M | ﹤0.01% |
+148,072
| New | +$17.2M |
|
1228
Matsons
MATX
$6.64B
| $17.6M | ﹤0.01% |
+91,591
| New | +$16.7M |
|
1229
SiteOne Landscape Supply
SITE
$4.17B
| $17.5M | ﹤0.01% |
+152,867
| New | +$18.5M |
|
1230
Avis
CAR
$4.93B
| $17.1M | ﹤0.01% |
+115,619
| New | +$25.5M |
|
1231
Qfin Holdings
QFIN
$1.11B
| $17.1M | ﹤0.01% |
+1,079,132
| New | +$15.1M |
|
1232
Bausch Health
BHC
$2.36B
| $16.9M | ﹤0.01% |
+3,431,117
| New | +$18.4M |
|
1233
Perimeter Solutions
PRM
$5.24B
| $16.8M | ﹤0.01% |
+472,135
| New | +$14.7M |
|
1234
CNA Financial
CNA
$13.2B
| $16.8M | ﹤0.01% |
+345,151
| New | +$15.7M |
|
1235
Arm
ARM
$273B
| $16.3M | ﹤0.01% |
+45,898
| New | +$12.2M |
|
1236
Boise Cascade
BCC
$2.75B
| $16.1M | ﹤0.01% |
+207,200
| New | +$15.4M |
|
1237
Dynatrace
DT
$15.4B
| $15.7M | ﹤0.01% |
+358,003
| New | +$13.9M |
|
1238
Westlake Corp
WLK
$9.45B
| $15.6M | ﹤0.01% |
+214,101
| New | +$20.9M |
|
1239
AppFolio
APPF
$8.22B
| $15.3M | ﹤0.01% |
+95,576
| New | +$15.3M |
|
1240
Taysha Gene Therapies
TSHA
$1.94B
| $15.2M | ﹤0.01% |
+2,233,600
| New | +$13.2M |
|
|
INIO
1241
INNIO N.V.
INIO
$16.9B
| $15.2M | ﹤0.01% |
+384,380
| New | +$13.7M |
|
1242
Vertex
VERX
$2.32B
| $15M | ﹤0.01% |
+1,310,400
| New | +$16.4M |
|
1243
Nektar Therapeutics
NKTR
$2.55B
| $15M | ﹤0.01% |
+215,300
| New | +$15.8M |
|
1244
Astronics
ATRO
$3.35B
| $15M | ﹤0.01% |
+184,300
| New | +$12.6M |
|
1245
Cleveland-Cliffs
CLF
$6.75B
| $14.9M | ﹤0.01% |
+1,584,345
| New | +$17.4M |
|
|
BNT
1246
Brookfield Wealth Solutions
BNT
$12.3B
| $14.8M | ﹤0.01% |
+348,251
| New | +$15.6M |
|
1247
CRISPR Therapeutics
CRSP
$5.74B
| $14.8M | ﹤0.01% |
+270,756
| New | +$14.3M |
|
1248
News Corp Class B
NWS
$19B
| $14.5M | ﹤0.01% |
+517,059
| New | +$15.4M |
|
1249
Pilgrim's Pride
PPC
$7.41B
| $14.5M | ﹤0.01% |
+514,983
| New | +$15.8M |
|
1250
CNO Financial Group
CNO
$5.1B
| $14.4M | ﹤0.01% |
+282,201
| New | +$13.1M |
|
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.