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 | |
|---|---|---|---|---|---|---|
|
JAN
1251
Janus Living Inc
JAN
$7.2B
| $14.4M | ﹤0.01% |
+500,000
| New | +$13M |
|
1252
BILL Holdings
BILL
$4.87B
| $14.1M | ﹤0.01% |
+390,252
| New | +$14.4M |
|
1253
LivaNova
LIVN
$4.41B
| $13.7M | ﹤0.01% |
+166,974
| New | +$11.8M |
|
1254
TSMC
TSM
$2.22T
| $13.7M | ﹤0.01% |
+28,610
| New | +$11.6M |
|
1255
PBF Energy
PBF
$8.13B
| $13.2M | ﹤0.01% |
+290,894
| New | +$12.1M |
|
|
SSMR
1256
Sunshine Silver Mining & Refining Company
SSMR
$2.7B
| $13.2M | ﹤0.01% |
+1,000,000
| New | +$14.1M |
|
|
GRFS
1257
Grifois
GRFS
$5.32B
| $13M | ﹤0.01% |
+1,840,000
| New | +$14.5M |
|
1258
Cabaletta Bio
CABA
$573M
| $12.8M | ﹤0.01% |
+4,112,401
| New | +$13.5M |
|
1259
Monarch Casino & Resort
MCRI
$2.22B
| $12.4M | ﹤0.01% |
+94,300
| New | +$11M |
|
|
JOYY
1260
JOYY Inc
JOYY
$3.66B
| $12.3M | ﹤0.01% |
+185,876
| New | +$11.6M |
|
1261
Sunstone Hotel Investors
SHO
$2.08B
| $12.1M | ﹤0.01% |
+1,059,040
| New | +$11.1M |
|
1262
NWPX Infrastructure Inc
NWPX
$1.1B
| $12.1M | ﹤0.01% |
+80,700
| New | +$8.83M |
|
1263
Autohome
ATHM
$2.6B
| $12.1M | ﹤0.01% |
+635,477
| New | +$11.5M |
|
1264
Camtek
CAMT
$6.76B
| $12M | ﹤0.01% |
+76,128
| New | +$13.5M |
|
|
SIND
1265
Sinda Ltd
SIND
$2.6B
| $12M | ﹤0.01% |
+1,000,000
| New | +$12M |
|
1266
BGC Group
BGC
$5.75B
| $12M | ﹤0.01% |
+1,121,000
| New | +$12.5M |
|
1267
F&G Annuities & Life
FG
$3.09B
| $11.8M | ﹤0.01% |
+443,301
| New | +$12.1M |
|
1268
Visteon
VC
$2.7B
| $11.8M | ﹤0.01% |
+118,700
| New | +$13M |
|
1269
Acushnet Holdings
GOLF
$4.96B
| $11.6M | ﹤0.01% |
+98,273
| New | +$9.4M |
|
|
WRD
1270
WeRide Inc
WRD
$1.98B
| $11.6M | ﹤0.01% |
+2,000,000
| New | +$14.4M |
|
|
WAY
1271
Waystar Holding Corp
WAY
$4.84B
| $11.4M | ﹤0.01% |
+554,218
| New | +$11.7M |
|
1272
Payoneer
PAYO
$2.42B
| $11.2M | ﹤0.01% |
+1,572,800
| New | +$8.61M |
|
|
FPS
1273
Forgent Power Solutions
FPS
$8.22B
| $11.2M | ﹤0.01% |
+200,000
| New | +$9.13M |
|
|
PURR
1274
Hyperliquid Strategies Inc
PURR
$2.57B
| $11.1M | ﹤0.01% |
+1,416,600
| New | +$10.5M |
|
1275
Hyatt Hotels
H
$16.3B
| $11M | ﹤0.01% |
+56,913
| New | +$9.97M |
|
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.