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 | |
|---|---|---|---|---|---|---|
1426
Enerpac Tool Group
EPAC
$1.92B
| $3.54M | ﹤0.01% |
+98,800
| New | +$3.46M |
|
1427
Prestige Consumer Healthcare
PBH
$2.43B
| $3.54M | ﹤0.01% |
+74,947
| New | +$3.85M |
|
1428
Maravai LifeSciences
MRVI
$1.25B
| $3.54M | ﹤0.01% |
+567,400
| New | +$2.45M |
|
1429
Global Net Lease
GNL
$2.11B
| $3.53M | ﹤0.01% |
+394,600
| New | +$3.69M |
|
|
BLSH
1430
Bullish
BLSH
$5.09B
| $3.51M | ﹤0.01% |
+150,000
| New | +$5.22M |
|
1431
United Fire Group
UFCS
$1.39B
| $3.47M | ﹤0.01% |
+66,200
| New | +$2.94M |
|
1432
FMC
FMC
$1.33B
| $3.45M | ﹤0.01% |
+299,911
| New | +$4.18M |
|
1433
Oil-Dri
ODC
$1.33B
| $3.42M | ﹤0.01% |
+33,500
| New | +$2.68M |
|
1434
Backblaze
BLZE
$943M
| $3.42M | ﹤0.01% |
+215,400
| New | +$1.49M |
|
1435
MYR Group
MYRG
$4.82B
| $3.4M | ﹤0.01% |
+6,802
| New | +$2.79M |
|
1436
Ooma
OOMA
$633M
| $3.39M | ﹤0.01% |
+176,500
| New | +$3.03M |
|
1437
Myers Industries
MYE
$1.25B
| $3.37M | ﹤0.01% |
+95,300
| New | +$2.24M |
|
1438
Alaska Air
ALK
$4.71B
| $3.33M | ﹤0.01% |
+63,848
| New | +$2.73M |
|
1439
Upstart Holdings
UPST
$2.96B
| $3.33M | ﹤0.01% |
+93,959
| New | +$2.9M |
|
1440
TriNet
TNET
$3.19B
| $3.33M | ﹤0.01% |
+67,200
| New | +$2.88M |
|
|
DHC
1441
Diversified Healthcare Trust
DHC
$1.9B
| $3.32M | ﹤0.01% |
+356,800
| New | +$2.92M |
|
1442
TFS Financial
TFSL
$5.02B
| $3.31M | ﹤0.01% |
+186,757
| New | +$2.91M |
|
1443
Redwire
RDW
$2.82B
| $3.3M | ﹤0.01% |
+270,200
| New | +$3.57M |
|
1444
Unitil
UTL
$975M
| $3.28M | ﹤0.01% |
+62,300
| New | +$3.23M |
|
1445
Worthington Enterprises
WOR
$2.83B
| $3.28M | ﹤0.01% |
+61,000
| New | +$3.4M |
|
|
VISN
1446
Vistance Networks Inc
VISN
$2.68B
| $3.23M | ﹤0.01% |
+252,618
| New | +$3.57M |
|
1447
Park Hotels & Resorts
PK
$3.16B
| $3.19M | ﹤0.01% |
+224,188
| New | +$2.74M |
|
1448
Dave & Buster's
PLAY
$319M
| $3.13M | ﹤0.01% |
+274,200
| New | +$3.27M |
|
1449
SL Green Realty
SLG
$4.1B
| $3.02M | ﹤0.01% |
+58,311
| New | +$2.6M |
|
|
FINV
1450
FinVolution Group
FINV
$949M
| $2.99M | ﹤0.01% |
+624,435
| New | +$3.09M |
|
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.