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 | |
|---|---|---|---|---|---|---|---|
1476
Garrett Motion
GTX
$4.87B
| $2.3M | ﹤0.01% |
+63,501
| New | +$1.77M |
2025 Q4
2 quarters
|
|
1477
Concentrix
CNXC
$1.57B
| $2.27M | ﹤0.01% |
+101,296
| New | +$2.64M |
2020 Q4
22 quarters
|
|
1478
Shake Shack
SHAK
$2.71B
| $2.27M | ﹤0.01% |
+40,507
| New | +$3.05M |
2018 Q3
31 quarters
|
|
1479
PENN Entertainment
PENN
$2.06B
| $2.26M | ﹤0.01% |
+105,912
| New | +$1.9M |
2013 Q2
52 quarters
|
|
1480
AdvanSix
ASIX
$439M
| $2.25M | ﹤0.01% |
+113,300
| New | +$2.55M |
2026 Q2
0 quarters
|
|
1481
Gentherm
THRM
$1.61B
| $2.23M | ﹤0.01% |
+65,500
| New | +$2.11M |
2026 Q2
0 quarters
|
|
1482
Progyny
PGNY
$2.13B
| $2.22M | ﹤0.01% |
+77,125
| New | +$1.72M |
2025 Q1
5 quarters
|
|
1483
Helios Technologies
HLIO
$2.28B
| $2.18M | ﹤0.01% |
+24,400
| New | +$1.87M |
2026 Q2
0 quarters
|
|
1484
Plexus
PLXS
$6.91B
| $2.16M | ﹤0.01% |
+7,200
| New | +$1.88M |
2013 Q2
52 quarters
|
|
1485
Nice
NICE
$7.02B
| $2.16M | ﹤0.01% |
+23,828
| New | +$2.31M |
2024 Q4
6 quarters
|
|
1486
MNTN Inc
MNTN
$766M
| $2.15M | ﹤0.01% |
+233,700
| New | +$2.13M |
2026 Q2
0 quarters
|
|
1487
Magnera Corp
MAGN
$409M
| $2.12M | ﹤0.01% |
+180,500
| New | +$1.98M |
2026 Q2
0 quarters
|
|
1488
Carriage Services
CSV
$531M
| $2.1M | ﹤0.01% |
+54,900
| New | +$2.4M |
2026 Q2
0 quarters
|
|
1489
Crane NXT
CXT
$2.9B
| $2.08M | ﹤0.01% |
+40,606
| New | +$1.73M |
2013 Q2
52 quarters
|
|
1490
CS Disco
LAW
$288M
| $2.07M | ﹤0.01% |
+547,947
| New | +$2.12M |
2021 Q3
19 quarters
|
|
1491
Transmedics
TMDX
$2.69B
| $2.03M | ﹤0.01% |
+30,574
| New | +$2.59M |
2024 Q2
8 quarters
|
|
1492
National Presto Industries
NPK
$1.09B
| $2.01M | ﹤0.01% |
+16,100
| New | +$2.18M |
2026 Q2
0 quarters
|
|
1493
ICICI Bank
IBN
$100B
| $2.01M | ﹤0.01% |
+69,144
| New | +$1.87M |
2026 Q2
0 quarters
|
|
1494
GCM Grosvenor
GCMG
$804M
| $1.96M | ﹤0.01% |
+159,600
| New | +$1.75M |
2026 Q2
0 quarters
|
|
1495
Forward Air
FWRD
$530M
| $1.96M | ﹤0.01% |
+145,300
| New | +$2.16M |
2026 Q2
0 quarters
|
|
1496
Miller Industries
MLR
$595M
| $1.93M | ﹤0.01% |
+37,800
| New | +$1.82M |
2026 Q2
0 quarters
|
|
1497
Pacira BioSciences
PCRX
$1.45B
| $1.93M | ﹤0.01% |
+76,000
| New | +$1.8M |
2026 Q2
0 quarters
|
|
1498
Barnes & Noble Education
BNED
$436M
| $1.89M | ﹤0.01% |
+150,200
| New | +$1.57M |
2026 Q2
0 quarters
|
|
1499
Cooper-Standard Automotive
CPS
$370M
| $1.87M | ﹤0.01% |
+69,100
| New | +$2.04M |
2026 Q2
0 quarters
|
|
1500
Flywire
FLYW
$2.27B
| $1.87M | ﹤0.01% |
+106,162
| New | +$1.57M |
2023 Q3
11 quarters
|
|
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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.