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Norges Bank

Norges Bank Portfolio holdings

AUM $1T
 

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.

This Fund
S&P 500
This Quarter Est. Return
+26.22%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$1T
AUM Growth
Cap. Flow
+$972B
Cap. Flow %
96.91%
Top 10 Hldgs %
32.37%
Holding
1,617
New
1,617
Increased
Reduced
Closed

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$67B
2
AAPL icon
Apple
AAPL
+$54.6B
3
MSFT icon
Microsoft
MSFT
+$41.6B
4
AMZN icon
Amazon
AMZN
+$35.3B
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$29.1B

Top Sells

No sells this quarter

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
PLSE icon
1451
Pulse Biosciences
PLSE
$3.46B
$2.93M ﹤0.01%
+105,647
New +$2.49M
AMLX icon
1452
Amylyx Pharmaceuticals
AMLX
$4.14B
$2.87M ﹤0.01%
+159,900
New +$2.47M
BOW
1453
Bowhead Specialty Holdings
BOW
$1.11B
$2.86M ﹤0.01%
+95,700
New +$2.49M
NXRT
1454
NexPoint Residential Trust
NXRT
$600M
$2.84M ﹤0.01%
+101,700
New +$2.83M
TXG icon
1455
10x Genomics
TXG
$8.45B
$2.79M ﹤0.01%
+72,674
New +$1.9M
SAFT icon
1456
Safety Insurance
SAFT
$1.52B
$2.76M ﹤0.01%
+36,900
New +$2.69M
SEM
1457
DELISTED
Select Medical
SEM
$2.76M ﹤0.01%
+167,058
New +$2.75M
ATMU icon
1458
Atmus Filtration Technologies
ATMU
$3.98B
$2.71M ﹤0.01%
+53,213
New +$2.89M
UE icon
1459
Urban Edge Properties
UE
$2.69B
$2.67M ﹤0.01%
+116,900
New +$2.58M
NGS icon
1460
Natural Gas Services Group
NGS
$457M
$2.63M ﹤0.01%
+61,000
New +$2.48M
RARE icon
1461
Ultragenyx Pharmaceutical
RARE
$2.59B
$2.62M ﹤0.01%
+78,490
New +$1.95M
ECG
1462
Everus Construction Group
ECG
$6.18B
$2.61M ﹤0.01%
+15,707
New +$2.3M
JCAP
1463
Jefferson Capital
JCAP
$1.25B
$2.6M ﹤0.01%
+133,700
New +$2.49M
AAT
1464
American Assets Trust
AAT
$1.38B
$2.55M ﹤0.01%
+103,100
New +$2.26M
VIA
1465
Via Transportation Inc
VIA
$2.3B
$2.54M ﹤0.01%
+139,773
New +$2.19M
WWW icon
1466
Wolverine World Wide
WWW
$1.62B
$2.53M ﹤0.01%
+152,900
New +$2.58M
YSS
1467
York Space Systems
YSS
$1.26B
$2.46M ﹤0.01%
+100,000
New +$3.1M
SLDE
1468
Slide Insurance Holdings
SLDE
$2.74B
$2.44M ﹤0.01%
+125,900
New +$2.28M
TRTX
1469
TPG RE Finance Trust
TRTX
$594M
$2.42M ﹤0.01%
+288,800
New +$2.41M
RXST icon
1470
RxSight
RXST
$275M
$2.41M ﹤0.01%
+500,000
New +$3.02M
SMP icon
1471
Standard Motor Products
SMP
$829M
$2.38M ﹤0.01%
+61,000
New +$2.33M
CARG icon
1472
CarGurus
CARG
$3.24B
$2.37M ﹤0.01%
+69,513
New +$2.25M
TIPT icon
1473
Tiptree Inc
TIPT
$681M
$2.35M ﹤0.01%
+131,300
New +$2.27M
ACT icon
1474
Enact Holdings
ACT
$6.74B
$2.34M ﹤0.01%
+51,214
New +$2.19M
LKFT
1475
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.93B
$2.3M ﹤0.01%
+76,879
New +$2.18M

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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.