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 | |
|---|---|---|---|---|---|---|---|
1251
Janus Living Inc
JAN
$6.73B
| $14.4M | ﹤0.01% |
+500,000
| New | +$13M |
2026 Q2
0 quarters
|
|
1252
BILL Holdings
BILL
$3.77B
| $14.1M | ﹤0.01% |
+390,252
| New | +$14.4M |
2019 Q4
26 quarters
|
|
1253
LivaNova
LIVN
$4.26B
| $13.7M | ﹤0.01% |
+166,974
| New | +$11.8M |
2015 Q4
42 quarters
|
|
1254
TSMC
TSM
$2.3T
| $13.7M | ﹤0.01% |
+28,610
| New | +$11.6M |
2026 Q2
0 quarters
|
|
1255
PBF Energy
PBF
$10.1B
| $13.2M | ﹤0.01% |
+290,894
| New | +$12.1M |
2014 Q2
48 quarters
|
|
1256
Sunshine Silver Mining & Refining Company
SSMR
$2.09B
| $13.2M | ﹤0.01% |
+1,000,000
| New | +$14.1M |
2026 Q2
0 quarters
|
|
1257
Grifois
GRFS
$5.02B
| $13M | ﹤0.01% |
+1,840,000
| New | +$14.5M |
2017 Q2
36 quarters
|
|
1258
Cabaletta Bio
CABA
$303M
| $12.8M | ﹤0.01% |
+4,112,401
| New | +$13.5M |
2026 Q2
0 quarters
|
|
1259
Monarch Casino & Resort
MCRI
$2.06B
| $12.4M | ﹤0.01% |
+94,300
| New | +$11M |
2026 Q2
0 quarters
|
|
1260
JOYY Inc
JOYY
$4.02B
| $12.3M | ﹤0.01% |
+185,876
| New | +$11.6M |
2024 Q3
7 quarters
|
|
1261
Sunstone Hotel Investors
SHO
$2.13B
| $12.1M | ﹤0.01% |
+1,059,040
| New | +$11.1M |
2013 Q2
52 quarters
|
|
1262
NWPX Infrastructure Inc
NWPX
$956M
| $12.1M | ﹤0.01% |
+80,700
| New | +$8.83M |
2026 Q2
0 quarters
|
|
1263
Autohome
ATHM
$2.35B
| $12.1M | ﹤0.01% |
+635,477
| New | +$11.5M |
2017 Q3
35 quarters
|
|
1264
Camtek
CAMT
$6.89B
| $12M | ﹤0.01% |
+76,128
| New | +$13.5M |
2022 Q4
14 quarters
|
|
1265
Sinda Ltd
SIND
$2.19B
| $12M | ﹤0.01% |
+1,000,000
| New | +$12M |
2026 Q2
0 quarters
|
|
1266
BGC Group
BGC
$5.41B
| $12M | ﹤0.01% |
+1,121,000
| New | +$12.5M |
2026 Q2
0 quarters
|
|
1267
F&G Annuities & Life
FG
$2.47B
| $11.8M | ﹤0.01% |
+443,301
| New | +$12.1M |
2022 Q4
14 quarters
|
|
1268
Visteon
VC
$2.26B
| $11.8M | ﹤0.01% |
+118,700
| New | +$13M |
2026 Q2
0 quarters
|
|
1269
Acushnet Holdings
GOLF
$4.7B
| $11.6M | ﹤0.01% |
+98,273
| New | +$9.4M |
2018 Q3
31 quarters
|
|
1270
WeRide Inc
WRD
$1.57B
| $11.6M | ﹤0.01% |
+2,000,000
| New | +$14.4M |
2026 Q2
0 quarters
|
|
1271
Waystar Holding Corp
WAY
$5.11B
| $11.4M | ﹤0.01% |
+554,218
| New | +$11.7M |
2024 Q2
8 quarters
|
|
1272
Payoneer
PAYO
$2.41B
| $11.2M | ﹤0.01% |
+1,572,800
| New | +$8.61M |
2026 Q2
0 quarters
|
|
1273
Forgent Power Solutions
FPS
$10.2B
| $11.2M | ﹤0.01% |
+200,000
| New | +$9.13M |
2026 Q2
0 quarters
|
|
1274
Hyperliquid Strategies Inc
PURR
$2.06B
| $11.1M | ﹤0.01% |
+1,416,600
| New | +$10.5M |
2026 Q2
0 quarters
|
|
1275
Hyatt Hotels
H
$15.2B
| $11M | ﹤0.01% |
+56,913
| New | +$9.97M |
2017 Q4
34 quarters
|
|
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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.