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 | |
|---|---|---|---|---|---|---|
1401
WD-40
WDFC
$2.94B
| $4.48M | ﹤0.01% |
+18,400
| New | +$3.94M |
|
|
MWH
1402
SOLV Energy Inc
MWH
$5.7B
| $4.42M | ﹤0.01% |
+129,927
| New | +$4.71M |
|
|
AVEX
1403
AEVEX Corp
AVEX
$1.06B
| $4.37M | ﹤0.01% |
+209,293
| New | +$5.44M |
|
|
KREF
1404
KKR Real Estate Finance Trust
KREF
$489M
| $4.34M | ﹤0.01% |
+635,000
| New | +$4.2M |
|
1405
Tidewater
TDW
$4.63B
| $4.33M | ﹤0.01% |
+65,018
| New | +$5.16M |
|
1406
BellRing Brands
BRBR
$1.19B
| $4.31M | ﹤0.01% |
+333,000
| New | +$4.02M |
|
1407
Rigetti Computing
RGTI
$5.49B
| $4.27M | ﹤0.01% |
+220,800
| New | +$4.27M |
|
1408
Albany International
AIN
$1.68B
| $4.22M | ﹤0.01% |
+56,600
| New | +$3.55M |
|
1409
Lufax Holding
LU
$1.1B
| $4.16M | ﹤0.01% |
+3,151,227
| New | +$5.36M |
|
1410
McGrath RentCorp
MGRC
$2.78B
| $4.07M | ﹤0.01% |
+33,600
| New | +$3.82M |
|
|
XHR
1411
Xenia Hotels & Resorts
XHR
$1.78B
| $4.06M | ﹤0.01% |
+199,600
| New | +$3.45M |
|
1412
EVgo
EVGO
$204M
| $3.96M | ﹤0.01% |
+2,075,000
| New | +$4.18M |
|
1413
Strategic Education
STRA
$1.9B
| $3.9M | ﹤0.01% |
+50,900
| New | +$4.03M |
|
1414
Under Armour Class C
UA
$2.13B
| $3.86M | ﹤0.01% |
+621,078
| New | +$3.58M |
|
1415
Malibu Boats
MBUU
$566M
| $3.85M | ﹤0.01% |
+140,300
| New | +$3.73M |
|
1416
Amneal Pharmaceuticals
AMRX
$6.27B
| $3.8M | ﹤0.01% |
+219,400
| New | +$3.01M |
|
1417
AMERISAFE
AMSF
$485M
| $3.79M | ﹤0.01% |
+111,900
| New | +$3.54M |
|
1418
Ingevity
NGVT
$2.4B
| $3.75M | ﹤0.01% |
+50,200
| New | +$3.61M |
|
1419
PennyMac Financial
PFSI
$3.82B
| $3.69M | ﹤0.01% |
+42,415
| New | +$3.69M |
|
1420
Procept Biorobotics
PRCT
$1.18B
| $3.68M | ﹤0.01% |
+162,888
| New | +$4.08M |
|
1421
iHeartMedia
IHRT
$416M
| $3.63M | ﹤0.01% |
+846,900
| New | +$3.75M |
|
1422
ACM Research
ACMR
$5.61B
| $3.62M | ﹤0.01% |
+28,528
| New | +$2.02M |
|
1423
Synaptics
SYNA
$3.82B
| $3.57M | ﹤0.01% |
+28,713
| New | +$3.24M |
|
1424
Oil States International
OIS
$523M
| $3.57M | ﹤0.01% |
+445,100
| New | +$4.22M |
|
|
EH
1425
EHang Holdings
EH
$353M
| $3.54M | ﹤0.01% |
+541,048
| New | +$5.05M |
|
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.