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 | |
|---|---|---|---|---|---|---|
1326
Red Violet
RDVT
$1.16B
| $7.77M | ﹤0.01% |
+122,000
| New | +$5.77M |
|
1327
Materion
MTRN
$5.13B
| $7.7M | ﹤0.01% |
+25,900
| New | +$5.42M |
|
1328
Universal Insurance Holdings
UVE
$1.21B
| $7.66M | ﹤0.01% |
+185,300
| New | +$6.98M |
|
1329
Insight Enterprises
NSIT
$4.59B
| $7.58M | ﹤0.01% |
+62,219
| New | +$5.68M |
|
1330
Sunrun
RUN
$2.18B
| $7.49M | ﹤0.01% |
+560,019
| New | +$7.56M |
|
1331
Archrock
AROC
$5.62B
| $7.43M | ﹤0.01% |
+182,401
| New | +$6.71M |
|
1332
Stepan Co
SCL
$1.43B
| $7.39M | ﹤0.01% |
+132,700
| New | +$6.9M |
|
|
NTSK
1333
Netskope Inc
NTSK
$6.11B
| $7.39M | ﹤0.01% |
+675,300
| New | +$6.88M |
|
|
XE
1334
X-Energy Inc
XE
$5.31B
| $7.34M | ﹤0.01% |
+400,000
| New | +$10.4M |
|
1335
Qualys
QLYS
$6.52B
| $7.33M | ﹤0.01% |
+53,317
| New | +$5.25M |
|
1336
Skywest
SKYW
$3.84B
| $7.27M | ﹤0.01% |
+73,206
| New | +$6.52M |
|
|
SFD
1337
Smithfield Foods
SFD
$8.71B
| $7.26M | ﹤0.01% |
+299,202
| New | +$7.99M |
|
1338
Polaris
PII
$3.63B
| $7.21M | ﹤0.01% |
+105,400
| New | +$6.79M |
|
|
EQPT
1339
EquipmentShare.com Inc
EQPT
$4.64B
| $7.21M | ﹤0.01% |
+366,667
| New | +$7.85M |
|
|
AERO
1340
Grupo Aeromexico SAB de CV
AERO
$2.21B
| $7.2M | ﹤0.01% |
+400,000
| New | +$6.42M |
|
|
LBRDA
1341
DELISTED
Liberty Broadband Class A
LBRDA
| $7.17M | ﹤0.01% |
+215,586
| New | +$8.39M |
|
|
WLTH
1342
Wealthfront Corp
WLTH
$1.41B
| $7.15M | ﹤0.01% |
+799,734
| New | +$8.33M |
|
1343
Lindblad Expeditions
LIND
$1.97B
| $7.13M | ﹤0.01% |
+252,600
| New | +$5.34M |
|
|
OPLN
1344
Openlane
OPLN
$4.33B
| $7.08M | ﹤0.01% |
+171,700
| New | +$6M |
|
1345
Reynolds Consumer Products
REYN
$5.1B
| $7.07M | ﹤0.01% |
+263,322
| New | +$5.87M |
|
|
ALX
1346
Alexander's
ALX
$1.38B
| $6.92M | ﹤0.01% |
+25,100
| New | +$6.27M |
|
1347
Commault Systems
CVLT
$5.82B
| $6.76M | ﹤0.01% |
+47,665
| New | +$5.12M |
|
1348
CEVA Inc
CEVA
$800M
| $6.7M | ﹤0.01% |
+142,100
| New | +$5.03M |
|
|
OFRM
1349
Once Upon a Farm PBC
OFRM
$713M
| $6.66M | ﹤0.01% |
+325,000
| New | +$5.32M |
|
1350
Nokia
NOK
$59.3B
| $6.64M | ﹤0.01% |
+500,000
| New | +$6.44M |
|
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.