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 | |
|---|---|---|---|---|---|---|---|
1351
ICF International
ICFI
$1.57B
| $6.6M | ﹤0.01% |
+90,600
| New | +$6.26M |
2026 Q2
0 quarters
|
|
1352
Marten Transport
MRTN
$1.04B
| $6.58M | ﹤0.01% |
+379,000
| New | +$6.03M |
2026 Q2
0 quarters
|
|
1353
The Greenbrier Companies
GBX
$1.21B
| $6.51M | ﹤0.01% |
+132,932
| New | +$6.53M |
2014 Q3
47 quarters
|
|
1354
PROG Holdings
PRG
$1.22B
| $6.48M | ﹤0.01% |
+139,059
| New | +$4.85M |
2020 Q4
22 quarters
|
|
1355
CTS Corp
CTS
$1.61B
| $6.45M | ﹤0.01% |
+98,900
| New | +$5.93M |
2026 Q2
0 quarters
|
|
1356
Xeris Biopharma Holdings
XERS
$1.91B
| $6.31M | ﹤0.01% |
+797,200
| New | +$5.09M |
2025 Q1
5 quarters
|
|
1357
Figure Technology Solutions
FIGR
$6.39B
| $6.28M | ﹤0.01% |
+204,546
| New | +$6.84M |
2025 Q4
2 quarters
|
|
1358
Figma
FIG
$11.7B
| $6.24M | ﹤0.01% |
+344,776
| New | +$6.94M |
2025 Q4
2 quarters
|
|
1359
Newmark Group
NMRK
$2.13B
| $6.16M | ﹤0.01% |
+408,000
| New | +$6.23M |
2026 Q2
0 quarters
|
|
1360
Eton Pharmaceutcials
ETON
$1.58B
| $6.14M | ﹤0.01% |
+169,500
| New | +$4.97M |
2026 Q2
0 quarters
|
|
1361
American Eagle Outfitters
AEO
$3.03B
| $6.12M | ﹤0.01% |
+356,100
| New | +$6.17M |
2026 Q2
0 quarters
|
|
1362
HawkEye 360 Inc
HAWK
$1.32B
| $6.07M | ﹤0.01% |
+300,000
| New | +$8.29M |
2026 Q2
0 quarters
|
|
1363
Bread Financial
BFH
$3.9B
| $6.06M | ﹤0.01% |
+55,935
| New | +$5.02M |
2013 Q2
52 quarters
|
|
1364
Verra Mobility
VRRM
$444M
| $5.99M | ﹤0.01% |
+1,409,007
| New | +$14.9M |
2020 Q1
25 quarters
|
|
1365
Rogers Communications
RCI
$16.2B
| $5.93M | ﹤0.01% |
+182,426
| New | +$6.58M |
2026 Q2
0 quarters
|
|
1366
LSB Industries
LXU
$706M
| $5.89M | ﹤0.01% |
+544,900
| New | +$7.29M |
2026 Q2
0 quarters
|
|
1367
Hello Group
MOMO
$682M
| $5.76M | ﹤0.01% |
+993,545
| New | +$5.93M |
2017 Q3
35 quarters
|
|
1368
Oscar Health
OSCR
$10.5B
| $5.74M | ﹤0.01% |
+201,311
| New | +$4.33M |
2024 Q4
6 quarters
|
|
1369
iQIYI
IQ
$984M
| $5.72M | ﹤0.01% |
+5,497,192
| New | +$6.39M |
2022 Q4
14 quarters
|
|
1370
Hesai Group
HSAI
$2.38B
| $5.72M | ﹤0.01% |
+313,678
| New | +$6.42M |
2025 Q1
5 quarters
|
|
1371
KE Holdings
BEKE
$19.4B
| $5.71M | ﹤0.01% |
+393,259
| New | +$6.48M |
2020 Q3
23 quarters
|
|
1372
GDS Holdings
GDS
$6.09B
| $5.62M | ﹤0.01% |
+187,135
| New | +$7.22M |
2026 Q2
0 quarters
|
|
1373
IDT Corp
IDT
$2.02B
| $5.56M | ﹤0.01% |
+95,600
| New | +$5.06M |
2026 Q2
0 quarters
|
|
1374
Apple Hospitality REIT
APLE
$3.83B
| $5.55M | ﹤0.01% |
+330,400
| New | +$4.72M |
2015 Q4
42 quarters
|
|
1375
Stewart Information Services
STC
$1.53B
| $5.54M | ﹤0.01% |
+83,900
| New | +$5.59M |
2026 Q2
0 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.