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
|
+$62.1B |
| 2 |
Microsoft
MSFT
|
+$52.5B |
| 3 |
Apple
AAPL
|
+$51.6B |
| 4 |
Amazon
AMZN
|
+$32.6B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27.9B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.77% |
| 2 | Financials | 14.44% |
| 3 | Consumer Discretionary | 10.8% |
| 4 | Communication Services | 10.47% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CHYM
1226
Chime Financial
CHYM
$12.6B
| $19.4M | ﹤0.01% |
+770,423
| New | +$16.4M |
|
1227
Dycom Industries
DY
$9.29B
| $19.3M | ﹤0.01% |
+57,222
| New | +$18M |
|
1228
Interparfums
IPAR
$3.76B
| $19.3M | ﹤0.01% |
+227,666
| New | +$20M |
|
1229
EXL Service
EXLS
$5.79B
| $19.2M | ﹤0.01% |
+452,352
| New | +$18.5M |
|
1230
Sterling Infrastructure
STRL
$15.5B
| $19.1M | ﹤0.01% |
+62,298
| New | +$21.5M |
|
1231
SiteOne Landscape Supply
SITE
$4.17B
| $18.9M | ﹤0.01% |
+151,935
| New | +$19.2M |
|
1232
Sphere Entertainment
SPHR
$5.29B
| $18.9M | ﹤0.01% |
+198,673
| New | +$15.1M |
|
1233
Archrock
AROC
$5.62B
| $18.7M | ﹤0.01% |
+719,502
| New | +$17.9M |
|
1234
Parsons
PSN
$5.26B
| $18.7M | ﹤0.01% |
+302,163
| New | +$23.6M |
|
1235
Edgewise Therapeutics
EWTX
$4.8B
| $18.6M | ﹤0.01% |
+751,355
| New | +$15.1M |
|
|
MH
1236
McGraw Hill
MH
$2.53B
| $18.5M | ﹤0.01% |
+1,120,319
| New | +$16.3M |
|
|
GRFS
1237
Grifois
GRFS
$5.32B
| $18.1M | ﹤0.01% |
+1,940,000
| New | +$17.6M |
|
1238
Quaker Houghton
KWR
$2.83B
| $18M | ﹤0.01% |
+130,956
| New | +$17.7M |
|
1239
Enlight Renewable Energy
ENLT
$11.3B
| $17.9M | ﹤0.01% |
+393,418
| New | +$14.7M |
|
1240
Planet Labs
PL
$7.54B
| $17.5M | ﹤0.01% |
+887,127
| New | +$12.7M |
|
1241
Matsons
MATX
$6.64B
| $17.3M | ﹤0.01% |
+139,829
| New | +$15M |
|
|
BLSH
1242
Bullish
BLSH
$5.09B
| $17M | ﹤0.01% |
+450,000
| New | +$21.9M |
|
1243
HF Sinclair
DINO
$17.2B
| $16.9M | ﹤0.01% |
+366,935
| New | +$18.9M |
|
1244
CNA Financial
CNA
$13.2B
| $16.7M | ﹤0.01% |
+349,329
| New | +$16.1M |
|
|
FOLD
1245
DELISTED
Amicus Therapeutics
FOLD
| $16.6M | ﹤0.01% |
+1,165,028
| New | +$11.4M |
|
|
CWEN.A
1246
DELISTED
Clearway Energy Class A
CWEN.A
| $16.2M | ﹤0.01% |
+515,608
| New | +$16.1M |
|
|
TERN
1247
DELISTED
Terns Pharmaceuticals
TERN
| $16M | ﹤0.01% |
+395,205
| New | +$9.13M |
|
1248
Tanger
SKT
$4.33B
| $15.7M | ﹤0.01% |
+470,700
| New | +$15.7M |
|
1249
Array Technologies
ARRY
$719M
| $15.5M | ﹤0.01% |
+1,682,119
| New | +$14.4M |
|
1250
News Corp Class B
NWS
$19B
| $15.3M | ﹤0.01% |
+517,059
| New | +$15.4M |
|
Similar funds
Norges Bank's Q4 2025 Portfolio in Review
As of Q4 2025, Norges Bank held 1,577 positions worth $935B. Its ten largest holdings account for 35% of the portfolio.
Norges Bank deployed $925B of net new capital in Q4 2025, opening 1,577 new positions. Its largest new stake was NVIDIA: 333,748,700 shares worth $62.2B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q4 2025 buy was NVIDIA: 333,748,700 shares worth $62.2B.
- Norges Bank's ten largest holdings make up 35% of its $935B portfolio in Q4 2025.
- Norges Bank opened 1,577 new positions and closed 0 in Q4 2025.
Based on Norges Bank's 13F filing for Q4 2025, filed 10 Feb 2026.