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 | |
|---|---|---|---|---|---|---|---|
1526
CTO Realty Growth
CTO
$768M
| $1.56M | ﹤0.01% |
+72,400
| New | +$1.47M |
2026 Q2
0 quarters
|
|
1527
Cable One
CABO
$63.2M
| $1.55M | ﹤0.01% |
+29,204
| New | +$1.96M |
2015 Q3
43 quarters
|
|
1528
Harley-Davidson
HOG
$2.8B
| $1.54M | ﹤0.01% |
+63,006
| New | +$1.51M |
2013 Q2
52 quarters
|
|
1529
CBL Properties
CBL
$1.5B
| $1.54M | ﹤0.01% |
+29,000
| New | +$1.34M |
2026 Q2
0 quarters
|
|
1530
MGP Ingredients
MGPI
$295M
| $1.53M | ﹤0.01% |
+87,215
| New | +$1.59M |
2023 Q1
13 quarters
|
|
1531
RingCentral
RNG
$6.62B
| $1.51M | ﹤0.01% |
+38,706
| New | +$1.56M |
2025 Q4
2 quarters
|
|
1532
Shoals Technologies Group
SHLS
$1.47B
| $1.5M | ﹤0.01% |
+151,251
| New | +$1.37M |
2021 Q1
21 quarters
|
|
1533
Grid Dynamics Holdings
GDYN
$645M
| $1.49M | ﹤0.01% |
+263,100
| New | +$1.63M |
2026 Q2
0 quarters
|
|
1534
Centerspace
CSR
$940M
| $1.49M | ﹤0.01% |
+26,500
| New | +$1.67M |
2013 Q2
52 quarters
|
|
1535
Frontdoor
FTDR
$5.5B
| $1.48M | ﹤0.01% |
+19,133
| New | +$1.22M |
2018 Q4
30 quarters
|
|
1536
Franklin BSP Realty Trust
FBRT
$514M
| $1.46M | ﹤0.01% |
+179,800
| New | +$1.56M |
2026 Q2
0 quarters
|
|
1537
Pennant Group
PNTG
$1.39B
| $1.44M | ﹤0.01% |
+38,900
| New | +$1.27M |
2026 Q2
0 quarters
|
|
1538
Vita Coco
COCO
$3.38B
| $1.44M | ﹤0.01% |
+21,705
| New | +$1.46M |
2025 Q4
2 quarters
|
|
1539
Castle Biosciences
CSTL
$1.05B
| $1.43M | ﹤0.01% |
+60,100
| New | +$1.34M |
2026 Q2
0 quarters
|
|
1540
The RMR Group
RMR
$302M
| $1.43M | ﹤0.01% |
+69,800
| New | +$1.32M |
2026 Q2
0 quarters
|
|
1541
Barrett Business Services
BBSI
$769M
| $1.4M | ﹤0.01% |
+39,300
| New | +$1.23M |
2026 Q2
0 quarters
|
|
1542
First Tracks Biotherapeutics
TRAX
$1.14B
| $1.39M | ﹤0.01% |
+69,100
| New | +$1.29M |
2026 Q2
0 quarters
|
|
1543
Covista Inc
CVSA
$4.38B
| $1.37M | ﹤0.01% |
+11,005
| New | +$1.33M |
2013 Q2
52 quarters
|
|
1544
Rentokil
RTO
$10.2B
| $1.36M | ﹤0.01% |
+47,621
| New | +$1.51M |
2025 Q4
2 quarters
|
|
1545
Skydance Corporation
SKYD
$46.2B
| $1.35M | ﹤0.01% |
+137,408
| New | +$1.45M |
2025 Q4
2 quarters
|
|
1546
Western Union
WU
$1.91B
| $1.34M | ﹤0.01% |
+174,405
| New | +$1.46M |
2013 Q2
52 quarters
|
|
|
SVC
1547
Service Properties Trust
SVC
$926M
| $1.34M | ﹤0.01% |
+158,620
| New | +$1.25M |
2026 Q2
0 quarters
|
|
1548
St. Joe Company
JOE
$3.69B
| $1.34M | ﹤0.01% |
+21,400
| New | +$1.4M |
2026 Q2
0 quarters
|
|
1549
Kyndryl
KD
$2.56B
| $1.31M | ﹤0.01% |
+115,446
| New | +$1.44M |
2021 Q4
18 quarters
|
|
1550
SPS Commerce
SPSC
$3.05B
| $1.3M | ﹤0.01% |
+22,800
| New | +$1.26M |
2019 Q3
27 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.