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 | |
|---|---|---|---|---|---|---|
|
PAL
1551
Proficient Auto Logistics
PAL
$151M
| $1.3M | ﹤0.01% |
+191,400
| New | +$1.28M |
|
1552
SITE Centers
SITC
$156M
| $1.3M | ﹤0.01% |
+328,300
| New | +$1.71M |
|
1553
Organogenesis Holdings
ORGO
$224M
| $1.29M | ﹤0.01% |
+530,900
| New | +$1.3M |
|
1554
Centuri Holdings
CTRI
$2.13B
| $1.27M | ﹤0.01% |
+42,105
| New | +$1.36M |
|
1555
Neuropace
NPCE
$485M
| $1.27M | ﹤0.01% |
+79,900
| New | +$1.29M |
|
1556
Funko
FNKO
$377M
| $1.26M | ﹤0.01% |
+213,900
| New | +$1.03M |
|
1557
Fluence Energy
FLNC
$1.64B
| $1.24M | ﹤0.01% |
+62,306
| New | +$1.16M |
|
1558
Tenable Holdings
TENB
$4.14B
| $1.22M | ﹤0.01% |
+33,005
| New | +$776K |
|
1559
OrthoPediatrics
KIDS
$609M
| $1.21M | ﹤0.01% |
+63,500
| New | +$1.1M |
|
1560
Forum Energy Technologies
FET
$897M
| $1.21M | ﹤0.01% |
+24,000
| New | +$1.34M |
|
1561
OSI Systems
OSIS
$3.36B
| $1.2M | ﹤0.01% |
+5,506
| New | +$1.35M |
|
1562
AerSale
ASLE
$270M
| $1.19M | ﹤0.01% |
+188,400
| New | +$1.23M |
|
1563
Immersion
IMMR
$259M
| $1.19M | ﹤0.01% |
+175,100
| New | +$1.1M |
|
|
BTGO
1564
BitGo Holdings
BTGO
$842M
| $1.18M | ﹤0.01% |
+228,398
| New | +$1.87M |
|
1565
Donegal Group Class A
DGICA
$705M
| $1.15M | ﹤0.01% |
+61,000
| New | +$1.06M |
|
|
BFS
1566
Saul Centers
BFS
$827M
| $1.14M | ﹤0.01% |
+30,500
| New | +$1.07M |
|
1567
IDEAYA Biosciences
IDYA
$4.03B
| $1.14M | ﹤0.01% |
+30,589
| New | +$936K |
|
1568
Regional Management Corp
RM
$301M
| $1.13M | ﹤0.01% |
+27,500
| New | +$1.01M |
|
1569
Cactus
WHD
$4.78B
| $1.13M | ﹤0.01% |
+22,007
| New | +$1.23M |
|
|
ILPT
1570
Industrial Logistics Properties Trust
ILPT
$555M
| $1.12M | ﹤0.01% |
+126,000
| New | +$976K |
|
1571
Telephone and Data Systems
TDS
$3.82B
| $1.11M | ﹤0.01% |
+30,053
| New | +$1.27M |
|
|
ONIT
1572
Onity Group
ONIT
$288M
| $1.11M | ﹤0.01% |
+27,800
| New | +$1.1M |
|
1573
Dyne Therapeutics
DYN
$4.87B
| $1.1M | ﹤0.01% |
+49,319
| New | +$917K |
|
|
APC
1574
ARKO Petroleum
APC
$880M
| $1.09M | ﹤0.01% |
+57,700
| New | +$1.11M |
|
|
GRAL
1575
GRAIL Inc
GRAL
$3.68B
| $1.08M | ﹤0.01% |
+15,790
| New | +$930K |
|
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.