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 | |
|---|---|---|---|---|---|---|
|
VIA
1276
Via Transportation Inc
VIA
$2.3B
| $12.3M | ﹤0.01% |
+425,000
| New | +$17.5M |
|
|
MIAX
1277
Miami International Holdings
MIAX
$4.37B
| $12.3M | ﹤0.01% |
+277,200
| New | +$12.4M |
|
1278
Centuri Holdings
CTRI
$2.13B
| $12.1M | ﹤0.01% |
+480,005
| New | +$10.7M |
|
1279
Inspire Medical Systems
INSP
$1.76B
| $12M | ﹤0.01% |
+129,570
| New | +$12.4M |
|
1280
Trip.com Group
TCOM
$28.1B
| $11.9M | ﹤0.01% |
+164,868
| New | +$11.8M |
|
1281
Photronics
PLAB
$1.78B
| $11.5M | ﹤0.01% |
+360,634
| New | +$9.3M |
|
1282
Sprinklr
CXM
$1.86B
| $11.5M | ﹤0.01% |
+1,481,200
| New | +$11.3M |
|
1283
iQIYI
IQ
$892M
| $11.3M | ﹤0.01% |
+5,900,154
| New | +$12.6M |
|
1284
Amneal Pharmaceuticals
AMRX
$6.27B
| $11.2M | ﹤0.01% |
+889,500
| New | +$10.2M |
|
1285
Rush Street Interactive
RSI
$3.03B
| $11M | ﹤0.01% |
+564,700
| New | +$10.4M |
|
|
ARX
1286
Accelerant Holdings
ARX
$4.28B
| $10.9M | ﹤0.01% |
+665,076
| New | +$9.37M |
|
1287
Innospec
IOSP
$2.35B
| $10.7M | ﹤0.01% |
+139,200
| New | +$10.5M |
|
1288
Evolv Technologies
EVLV
$964M
| $10.6M | ﹤0.01% |
+1,485,800
| New | +$10.6M |
|
|
TPC
1289
Tutor Perini Cor
TPC
$4.83B
| $10.6M | ﹤0.01% |
+158,573
| New | +$10.4M |
|
1290
Coursera
COUR
$1.69B
| $10.6M | ﹤0.01% |
+1,439,469
| New | +$12.5M |
|
1291
Inhibrx
INBX
$1.82B
| $10.5M | ﹤0.01% |
+133,300
| New | +$9.08M |
|
1292
LegalZoom.com
LZ
$1.04B
| $10.5M | ﹤0.01% |
+1,060,000
| New | +$10.5M |
|
1293
Cavco Industries
CVCO
$4.39B
| $10.4M | ﹤0.01% |
+17,622
| New | +$9.98M |
|
|
LBRDA
1294
DELISTED
Liberty Broadband Class A
LBRDA
| $10.4M | ﹤0.01% |
+215,586
| New | +$11.2M |
|
1295
Century Communities
CCS
$1.94B
| $10.4M | ﹤0.01% |
+175,000
| New | +$10.6M |
|
|
BBNX
1296
Beta Bionics
BBNX
$879M
| $10.3M | ﹤0.01% |
+339,300
| New | +$9.06M |
|
1297
nCino
NCNO
$2.47B
| $10.3M | ﹤0.01% |
+402,237
| New | +$10.2M |
|
1298
Amprius Technologies
AMPX
$1.54B
| $10.3M | ﹤0.01% |
+1,304,838
| New | +$14.9M |
|
1299
NOV
NOV
$7.4B
| $10.3M | ﹤0.01% |
+656,828
| New | +$9.74M |
|
1300
Viavi Solutions
VIAV
$9.49B
| $10.2M | ﹤0.01% |
+573,802
| New | +$9.27M |
|
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.