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 | |
|---|---|---|---|---|---|---|---|
1451
Pulse Biosciences
PLSE
$3.63B
| $2.93M | ﹤0.01% |
+105,647
| New | +$2.49M |
2026 Q2
0 quarters
|
|
1452
Amylyx Pharmaceuticals
AMLX
$3.52B
| $2.87M | ﹤0.01% |
+159,900
| New | +$2.47M |
2026 Q2
0 quarters
|
|
1453
Bowhead Specialty Holdings
BOW
$1.12B
| $2.86M | ﹤0.01% |
+95,700
| New | +$2.49M |
2026 Q2
0 quarters
|
|
1454
NexPoint Residential Trust
NXRT
$491M
| $2.84M | ﹤0.01% |
+101,700
| New | +$2.83M |
2026 Q2
0 quarters
|
|
1455
10x Genomics
TXG
$10B
| $2.79M | ﹤0.01% |
+72,674
| New | +$1.9M |
2021 Q1
21 quarters
|
|
1456
Safety Insurance
SAFT
$1.52B
| $2.76M | ﹤0.01% |
+36,900
| New | +$2.69M |
2026 Q2
0 quarters
|
|
1457
DELISTED
Select Medical
SEM
| $2.76M | ﹤0.01% |
+167,058
| New | +$2.75M |
2015 Q3
43 quarters
|
|
1458
Atmus Filtration Technologies
ATMU
$3.53B
| $2.71M | ﹤0.01% |
+53,213
| New | +$2.89M |
2025 Q4
2 quarters
|
|
1459
Urban Edge Properties
UE
$2.46B
| $2.67M | ﹤0.01% |
+116,900
| New | +$2.58M |
2026 Q2
0 quarters
|
|
1460
Natural Gas Services Group
NGS
$423M
| $2.63M | ﹤0.01% |
+61,000
| New | +$2.48M |
2026 Q2
0 quarters
|
|
1461
Ultragenyx Pharmaceutical
RARE
$1.5B
| $2.62M | ﹤0.01% |
+78,490
| New | +$1.95M |
2015 Q1
45 quarters
|
|
1462
Everus Construction Group
ECG
$6.28B
| $2.61M | ﹤0.01% |
+15,707
| New | +$2.3M |
2024 Q4
6 quarters
|
|
1463
Jefferson Capital
JCAP
$1.15B
| $2.6M | ﹤0.01% |
+133,700
| New | +$2.49M |
2025 Q2
4 quarters
|
|
1464
American Assets Trust
AAT
$1.32B
| $2.55M | ﹤0.01% |
+103,100
| New | +$2.26M |
2013 Q2
52 quarters
|
|
1465
Via Transportation Inc
VIA
$2.64B
| $2.54M | ﹤0.01% |
+139,773
| New | +$2.19M |
2025 Q4
2 quarters
|
|
1466
Wolverine World Wide
WWW
$1.58B
| $2.53M | ﹤0.01% |
+152,900
| New | +$2.58M |
2026 Q2
0 quarters
|
|
1467
York Space Systems
YSS
$952M
| $2.46M | ﹤0.01% |
+100,000
| New | +$3.1M |
2026 Q2
0 quarters
|
|
1468
Slide Insurance Holdings
SLDE
$3B
| $2.44M | ﹤0.01% |
+125,900
| New | +$2.28M |
2025 Q2
4 quarters
|
|
1469
TPG RE Finance Trust
TRTX
$446M
| $2.42M | ﹤0.01% |
+288,800
| New | +$2.41M |
2025 Q2
4 quarters
|
|
1470
RxSight
RXST
$197M
| $2.41M | ﹤0.01% |
+500,000
| New | +$3.02M |
2026 Q2
0 quarters
|
|
1471
Standard Motor Products
SMP
$810M
| $2.38M | ﹤0.01% |
+61,000
| New | +$2.33M |
2026 Q2
0 quarters
|
|
1472
CarGurus
CARG
$2.56B
| $2.37M | ﹤0.01% |
+69,513
| New | +$2.25M |
2017 Q4
34 quarters
|
|
1473
Tiptree Inc
TIPT
$647M
| $2.35M | ﹤0.01% |
+131,300
| New | +$2.27M |
2026 Q2
0 quarters
|
|
1474
Enact Holdings
ACT
$6.22B
| $2.34M | ﹤0.01% |
+51,214
| New | +$2.19M |
2025 Q4
2 quarters
|
|
1475
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.94B
| $2.3M | ﹤0.01% |
+76,879
| New | +$2.18M |
2017 Q2
36 quarters
|
|
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.