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 | |
|---|---|---|---|---|---|---|
1476
Garrett Motion
GTX
$5.12B
| $2.3M | ﹤0.01% |
+63,501
| New | +$1.77M |
|
1477
Concentrix
CNXC
$1.72B
| $2.27M | ﹤0.01% |
+101,296
| New | +$2.64M |
|
1478
Shake Shack
SHAK
$2.85B
| $2.27M | ﹤0.01% |
+40,507
| New | +$3.05M |
|
1479
PENN Entertainment
PENN
$2.33B
| $2.26M | ﹤0.01% |
+105,912
| New | +$1.9M |
|
1480
AdvanSix
ASIX
$442M
| $2.25M | ﹤0.01% |
+113,300
| New | +$2.55M |
|
1481
Gentherm
THRM
$1.24B
| $2.23M | ﹤0.01% |
+65,500
| New | +$2.11M |
|
1482
Progyny
PGNY
$1.98B
| $2.22M | ﹤0.01% |
+77,125
| New | +$1.72M |
|
1483
Helios Technologies
HLIO
$2.45B
| $2.18M | ﹤0.01% |
+24,400
| New | +$1.87M |
|
1484
Plexus
PLXS
$6.54B
| $2.16M | ﹤0.01% |
+7,200
| New | +$1.88M |
|
1485
Nice
NICE
$6.16B
| $2.16M | ﹤0.01% |
+23,828
| New | +$2.31M |
|
|
MNTN
1486
MNTN Inc
MNTN
$943M
| $2.15M | ﹤0.01% |
+233,700
| New | +$2.13M |
|
|
MAGN
1487
Magnera Corp
MAGN
$439M
| $2.12M | ﹤0.01% |
+180,500
| New | +$1.98M |
|
1488
Carriage Services
CSV
$544M
| $2.1M | ﹤0.01% |
+54,900
| New | +$2.4M |
|
1489
Crane NXT
CXT
$2.86B
| $2.08M | ﹤0.01% |
+40,606
| New | +$1.73M |
|
1490
CS Disco
LAW
$286M
| $2.07M | ﹤0.01% |
+547,947
| New | +$2.12M |
|
1491
Transmedics
TMDX
$3.18B
| $2.03M | ﹤0.01% |
+30,574
| New | +$2.59M |
|
1492
National Presto Industries
NPK
$1.09B
| $2.01M | ﹤0.01% |
+16,100
| New | +$2.18M |
|
1493
ICICI Bank
IBN
$107B
| $2.01M | ﹤0.01% |
+69,144
| New | +$1.87M |
|
1494
GCM Grosvenor
GCMG
$836M
| $1.96M | ﹤0.01% |
+159,600
| New | +$1.75M |
|
1495
Forward Air
FWRD
$598M
| $1.96M | ﹤0.01% |
+145,300
| New | +$2.16M |
|
1496
Miller Industries
MLR
$656M
| $1.93M | ﹤0.01% |
+37,800
| New | +$1.82M |
|
1497
Pacira BioSciences
PCRX
$1.03B
| $1.93M | ﹤0.01% |
+76,000
| New | +$1.8M |
|
1498
Barnes & Noble Education
BNED
$424M
| $1.89M | ﹤0.01% |
+150,200
| New | +$1.57M |
|
1499
Cooper-Standard Automotive
CPS
$469M
| $1.87M | ﹤0.01% |
+69,100
| New | +$2.04M |
|
1500
Flywire
FLYW
$2.28B
| $1.87M | ﹤0.01% |
+106,162
| New | +$1.57M |
|
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.