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 | |
|---|---|---|---|---|---|---|
1276
TriMas Corp
TRS
$1.42B
| $11M | ﹤0.01% |
+244,600
| New | +$9.73M |
|
|
LGN
1277
Legence Corp
LGN
$4.43B
| $10.9M | ﹤0.01% |
+127,514
| New | +$10.4M |
|
1278
Sony
SONY
$141B
| $10.8M | ﹤0.01% |
+538,250
| New | +$11.3M |
|
1279
Dana Inc
DAN
$3.23B
| $10.8M | ﹤0.01% |
+396,700
| New | +$13.5M |
|
1280
Griffon
GFF
$4.49B
| $10.5M | ﹤0.01% |
+108,022
| New | +$9.42M |
|
1281
GSK
GSK
$101B
| $10.5M | ﹤0.01% |
+200,000
| New | +$10.6M |
|
1282
STAAR Surgical
STAA
$1.12B
| $10.5M | ﹤0.01% |
+365,200
| New | +$10.2M |
|
1283
AtriCure
ATRC
$2.51B
| $10.5M | ﹤0.01% |
+374,362
| New | +$10.5M |
|
1284
Liberty Live Group Series A
LLYVA
$9.18B
| $10.3M | ﹤0.01% |
+101,880
| New | +$9.65M |
|
1285
Arcutis Biotherapeutics
ARQT
$3.13B
| $10.3M | ﹤0.01% |
+392,300
| New | +$9.14M |
|
1286
Harmonic Inc
HLIT
$1.34B
| $10.2M | ﹤0.01% |
+622,662
| New | +$7.94M |
|
1287
Parsons
PSN
$5.26B
| $10.1M | ﹤0.01% |
+193,309
| New | +$10.4M |
|
1288
Star Bulk Carriers
SBLK
$3.4B
| $9.89M | ﹤0.01% |
+396,000
| New | +$10.2M |
|
1289
Genworth Financial
GNW
$3.75B
| $9.86M | ﹤0.01% |
+1,040,746
| New | +$9.25M |
|
1290
Paycom
PAYC
$10.7B
| $9.74M | ﹤0.01% |
+77,495
| New | +$10.1M |
|
1291
HEICO Corp
HEI
$47.1B
| $9.67M | ﹤0.01% |
+27,151
| New | +$8.26M |
|
1292
Elanco Animal Health
ELAN
$12.2B
| $9.63M | ﹤0.01% |
+391,317
| New | +$9.05M |
|
1293
Mercury Insurance
MCY
$5.69B
| $9.5M | ﹤0.01% |
+89,100
| New | +$8.77M |
|
1294
World Kinect Corp
WKC
$1.83B
| $9.44M | ﹤0.01% |
+286,600
| New | +$7.98M |
|
1295
Kaiser Aluminum
KALU
$2.56B
| $9.1M | ﹤0.01% |
+46,500
| New | +$7.91M |
|
1296
Ionis Pharmaceuticals
IONS
$10.4B
| $9.07M | ﹤0.01% |
+114,359
| New | +$8.61M |
|
1297
Avista
AVA
$3.16B
| $8.94M | ﹤0.01% |
+218,650
| New | +$9M |
|
|
AGBK
1298
AGI Inc
AGBK
$359M
| $8.85M | ﹤0.01% |
+1,250,000
| New | +$8.9M |
|
1299
Inspire Medical Systems
INSP
$1.76B
| $8.84M | ﹤0.01% |
+198,272
| New | +$9.4M |
|
|
MIAX
1300
Miami International Holdings
MIAX
$4.37B
| $8.84M | ﹤0.01% |
+237,900
| New | +$10.6M |
|
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.