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 | |
|---|---|---|---|---|---|---|
1501
Dentsply Sirona
XRAY
$2.2B
| $1.86M | ﹤0.01% |
+175,099
| New | +$1.91M |
|
1502
Floor & Decor
FND
$5.68B
| $1.85M | ﹤0.01% |
+31,194
| New | +$1.58M |
|
1503
Titan International
TWI
$451M
| $1.85M | ﹤0.01% |
+240,000
| New | +$1.85M |
|
1504
Infosys
INFY
$48.2B
| $1.84M | ﹤0.01% |
+175,852
| New | +$2.2M |
|
1505
Patterson-UTI
PTEN
$4.68B
| $1.82M | ﹤0.01% |
+198,800
| New | +$2.22M |
|
1506
El Pollo Loco
LOCO
$463M
| $1.8M | ﹤0.01% |
+106,200
| New | +$1.52M |
|
1507
Goodyear
GT
$1.77B
| $1.8M | ﹤0.01% |
+271,987
| New | +$1.75M |
|
|
PSTL
1508
Postal Realty Trust
PSTL
$708M
| $1.77M | ﹤0.01% |
+71,900
| New | +$1.6M |
|
1509
Global Industrial
GIC
$1.51B
| $1.77M | ﹤0.01% |
+52,800
| New | +$1.68M |
|
1510
Northwest Natural Holdings
NWN
$2.09B
| $1.77M | ﹤0.01% |
+36,000
| New | +$1.84M |
|
1511
Matrix Service
MTRX
$307M
| $1.73M | ﹤0.01% |
+126,500
| New | +$1.63M |
|
1512
Mativ Holdings
MATV
$672M
| $1.72M | ﹤0.01% |
+227,700
| New | +$1.96M |
|
1513
Vodafone
VOD
$36.7B
| $1.72M | ﹤0.01% |
+130,000
| New | +$1.97M |
|
|
RNA
1514
Atrium Therapeutics
RNA
$239M
| $1.7M | ﹤0.01% |
+126,575
| New | +$1.65M |
|
1515
Hippo Holdings
HIPO
$861M
| $1.66M | ﹤0.01% |
+58,900
| New | +$1.57M |
|
1516
Rayonier Advanced Materials
RYAM
$570M
| $1.66M | ﹤0.01% |
+210,900
| New | +$1.91M |
|
1517
M/I Homes
MHO
$3.82B
| $1.66M | ﹤0.01% |
+10,300
| New | +$1.38M |
|
1518
Outfront Media
OUT
$5.3B
| $1.64M | ﹤0.01% |
+50,000
| New | +$1.55M |
|
1519
Acadia Realty Trust
AKR
$2.87B
| $1.62M | ﹤0.01% |
+77,400
| New | +$1.66M |
|
|
BOBS
1520
Bobs Discount Furniture
BOBS
$2.23B
| $1.61M | ﹤0.01% |
+101,730
| New | +$1.26M |
|
1521
Interface
TILE
$2.19B
| $1.59M | ﹤0.01% |
+44,500
| New | +$1.3M |
|
1522
Ranger Energy Services
RNGR
$383M
| $1.59M | ﹤0.01% |
+99,200
| New | +$1.63M |
|
1523
Custom Truck One Source
CTOS
$2.2B
| $1.59M | ﹤0.01% |
+134,400
| New | +$1.27M |
|
1524
Central Garden & Pet Co
CENT
$2.74B
| $1.58M | ﹤0.01% |
+35,700
| New | +$1.4M |
|
1525
United States Lime & Minerals
USLM
$3.43B
| $1.56M | ﹤0.01% |
+14,900
| New | +$1.73M |
|
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.