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 | |
|---|---|---|---|---|---|---|---|
1401
WD-40
WDFC
$2.74B
| $4.48M | ﹤0.01% |
+18,400
| New | +$3.94M |
2013 Q2
52 quarters
|
|
1402
SOLV Energy Inc
MWH
$5.28B
| $4.42M | ﹤0.01% |
+129,927
| New | +$4.71M |
2026 Q2
0 quarters
|
|
1403
AEVEX Corp
AVEX
$1.02B
| $4.37M | ﹤0.01% |
+209,293
| New | +$5.44M |
2026 Q2
0 quarters
|
|
1404
KKR Real Estate Finance Trust
KREF
$335M
| $4.34M | ﹤0.01% |
+635,000
| New | +$4.2M |
2026 Q2
0 quarters
|
|
1405
Tidewater
TDW
$4.29B
| $4.33M | ﹤0.01% |
+65,018
| New | +$5.16M |
2025 Q4
2 quarters
|
|
1406
BellRing Brands
BRBR
$990M
| $4.31M | ﹤0.01% |
+333,000
| New | +$4.02M |
2022 Q1
17 quarters
|
|
1407
Rigetti Computing
RGTI
$4.43B
| $4.27M | ﹤0.01% |
+220,800
| New | +$4.27M |
2025 Q4
2 quarters
|
|
1408
Albany International
AIN
$1.74B
| $4.22M | ﹤0.01% |
+56,600
| New | +$3.55M |
2026 Q2
0 quarters
|
|
1409
Lufax Holding
LU
$809M
| $4.16M | ﹤0.01% |
+3,151,227
| New | +$5.36M |
2024 Q3
7 quarters
|
|
1410
McGrath RentCorp
MGRC
$2.76B
| $4.07M | ﹤0.01% |
+33,600
| New | +$3.82M |
2026 Q2
0 quarters
|
|
1411
Xenia Hotels & Resorts
XHR
$1.68B
| $4.06M | ﹤0.01% |
+199,600
| New | +$3.45M |
2015 Q3
43 quarters
|
|
1412
EVgo
EVGO
$160M
| $3.96M | ﹤0.01% |
+2,075,000
| New | +$4.18M |
2026 Q2
0 quarters
|
|
1413
Strategic Education
STRA
$1.83B
| $3.9M | ﹤0.01% |
+50,900
| New | +$4.03M |
2013 Q2
52 quarters
|
|
1414
Under Armour Class C
UA
$2.06B
| $3.86M | ﹤0.01% |
+621,078
| New | +$3.58M |
2016 Q2
40 quarters
|
|
1415
Malibu Boats
MBUU
$424M
| $3.85M | ﹤0.01% |
+140,300
| New | +$3.73M |
2026 Q2
0 quarters
|
|
1416
Amneal Pharmaceuticals
AMRX
$6.95B
| $3.8M | ﹤0.01% |
+219,400
| New | +$3.01M |
2025 Q4
2 quarters
|
|
1417
AMERISAFE
AMSF
$459M
| $3.79M | ﹤0.01% |
+111,900
| New | +$3.54M |
2026 Q2
0 quarters
|
|
1418
Ingevity
NGVT
$2.39B
| $3.75M | ﹤0.01% |
+50,200
| New | +$3.61M |
2026 Q2
0 quarters
|
|
1419
PennyMac Financial
PFSI
$3.1B
| $3.69M | ﹤0.01% |
+42,415
| New | +$3.69M |
2020 Q1
25 quarters
|
|
1420
Procept Biorobotics
PRCT
$1.12B
| $3.68M | ﹤0.01% |
+162,888
| New | +$4.08M |
2025 Q4
2 quarters
|
|
1421
iHeartMedia
IHRT
$299M
| $3.63M | ﹤0.01% |
+846,900
| New | +$3.75M |
2026 Q2
0 quarters
|
|
1422
ACM Research
ACMR
$4.79B
| $3.62M | ﹤0.01% |
+28,528
| New | +$2.02M |
2023 Q4
10 quarters
|
|
1423
Synaptics
SYNA
$4.75B
| $3.57M | ﹤0.01% |
+28,713
| New | +$3.24M |
2013 Q2
52 quarters
|
|
1424
Oil States International
OIS
$496M
| $3.57M | ﹤0.01% |
+445,100
| New | +$4.22M |
2026 Q2
0 quarters
|
|
1425
EHang Holdings
EH
$306M
| $3.54M | ﹤0.01% |
+541,048
| New | +$5.05M |
2024 Q3
7 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.