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
|
+$62.1B |
| 2 |
Microsoft
MSFT
|
+$52.5B |
| 3 |
Apple
AAPL
|
+$51.6B |
| 4 |
Amazon
AMZN
|
+$32.6B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$27.9B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.77% |
| 2 | Financials | 14.44% |
| 3 | Consumer Discretionary | 10.8% |
| 4 | Communication Services | 10.47% |
| 5 | Healthcare | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAI
1426
Caris Life Sciences
CAI
$7.45B
| $2.98M | ﹤0.01% |
+110,294
| New | +$3.11M |
|
1427
Werner Enterprises
WERN
$2.31B
| $2.97M | ﹤0.01% |
+99,100
| New | +$2.72M |
|
|
LKFT
1428
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.93B
| $2.94M | ﹤0.01% |
+90,000
| New | +$2.91M |
|
|
CVSA
1429
Covista Inc
CVSA
$4.79B
| $2.9M | ﹤0.01% |
+28,012
| New | +$3.21M |
|
1430
Oscar Health
OSCR
$9.27B
| $2.89M | ﹤0.01% |
+201,311
| New | +$3.48M |
|
1431
Plexus
PLXS
$6.54B
| $2.88M | ﹤0.01% |
+19,582
| New | +$2.87M |
|
1432
Fluence Energy
FLNC
$1.64B
| $2.85M | ﹤0.01% |
+144,211
| New | +$2.72M |
|
1433
OSI Systems
OSIS
$3.36B
| $2.83M | ﹤0.01% |
+11,111
| New | +$2.9M |
|
1434
Goodyear
GT
$1.77B
| $2.8M | ﹤0.01% |
+319,097
| New | +$2.51M |
|
1435
Atmus Filtration Technologies
ATMU
$3.98B
| $2.76M | ﹤0.01% |
+53,214
| New | +$2.58M |
|
1436
Procept Biorobotics
PRCT
$1.18B
| $2.71M | ﹤0.01% |
+86,158
| New | +$2.86M |
|
1437
Nice
NICE
$6.16B
| $2.69M | ﹤0.01% |
+23,828
| New | +$2.88M |
|
1438
Red Rock Resorts
RRR
$3.45B
| $2.58M | ﹤0.01% |
+41,600
| New | +$2.43M |
|
1439
BrightSpring Health Services
BTSG
$12B
| $2.49M | ﹤0.01% |
+66,413
| New | +$2.23M |
|
|
SEM
1440
DELISTED
Select Medical
SEM
| $2.48M | ﹤0.01% |
+167,058
| New | +$2.36M |
|
|
NP
1441
Neptune Insurance Holdings
NP
$4.68B
| $2.48M | ﹤0.01% |
+85,000
| New | +$2.24M |
|
1442
Skywest
SKYW
$3.84B
| $2.36M | ﹤0.01% |
+23,516
| New | +$2.35M |
|
1443
Graham Holdings Company
GHC
$4.84B
| $2.32M | ﹤0.01% |
+2,116
| New | +$2.26M |
|
1444
NetEase
NTES
$78.6B
| $2.3M | ﹤0.01% |
+16,712
| New | +$2.37M |
|
|
GTY
1445
Getty Realty Corp
GTY
$2.04B
| $2.27M | ﹤0.01% |
+83,100
| New | +$2.3M |
|
|
TRTX
1446
TPG RE Finance Trust
TRTX
$594M
| $2.26M | ﹤0.01% |
+263,000
| New | +$2.33M |
|
1447
RingCentral
RNG
$5.72B
| $2.24M | ﹤0.01% |
+77,411
| New | +$2.2M |
|
1448
Opendoor
OPEN
$3.28B
| $2.18M | ﹤0.01% |
+373,107
| New | +$2.67M |
|
1449
HNI Corp
HNI
$3.61B
| $2.17M | ﹤0.01% |
+51,508
| New | +$2.18M |
|
1450
Mirion Technologies
MIR
$3.61B
| $2.16M | ﹤0.01% |
+92,105
| New | +$2.3M |
|
Similar funds
Norges Bank's Q4 2025 Portfolio in Review
As of Q4 2025, Norges Bank held 1,577 positions worth $935B. Its ten largest holdings account for 35% of the portfolio.
Norges Bank deployed $925B of net new capital in Q4 2025, opening 1,577 new positions. Its largest new stake was NVIDIA: 333,748,700 shares worth $62.2B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, followed by Financials and Consumer Discretionary.
- Norges Bank's largest Q4 2025 buy was NVIDIA: 333,748,700 shares worth $62.2B.
- Norges Bank's ten largest holdings make up 35% of its $935B portfolio in Q4 2025.
- Norges Bank opened 1,577 new positions and closed 0 in Q4 2025.
Based on Norges Bank's 13F filing for Q4 2025, filed 10 Feb 2026.