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 | |
|---|---|---|---|---|---|---|---|
1551
Proficient Auto Logistics
PAL
$100M
| $1.3M | ﹤0.01% |
+191,400
| New | +$1.28M |
2026 Q2
0 quarters
|
|
1552
SITE Centers
SITC
$163M
| $1.3M | ﹤0.01% |
+328,300
| New | +$1.71M |
2026 Q2
0 quarters
|
|
1553
Organogenesis Holdings
ORGO
$166M
| $1.29M | ﹤0.01% |
+530,900
| New | +$1.3M |
2023 Q3
11 quarters
|
|
1554
Centuri Holdings
CTRI
$2.11B
| $1.27M | ﹤0.01% |
+42,105
| New | +$1.36M |
2025 Q4
2 quarters
|
|
1555
Neuropace
NPCE
$435M
| $1.27M | ﹤0.01% |
+79,900
| New | +$1.29M |
2026 Q2
0 quarters
|
|
1556
Funko
FNKO
$361M
| $1.26M | ﹤0.01% |
+213,900
| New | +$1.03M |
2026 Q2
0 quarters
|
|
1557
Fluence Energy
FLNC
$1.06B
| $1.24M | ﹤0.01% |
+62,306
| New | +$1.16M |
2025 Q4
2 quarters
|
|
1558
Tenable Holdings
TENB
$4.58B
| $1.22M | ﹤0.01% |
+33,005
| New | +$776K |
2018 Q3
31 quarters
|
|
1559
OrthoPediatrics
KIDS
$565M
| $1.21M | ﹤0.01% |
+63,500
| New | +$1.1M |
2026 Q2
0 quarters
|
|
1560
Forum Energy Technologies
FET
$971M
| $1.21M | ﹤0.01% |
+24,000
| New | +$1.34M |
2026 Q2
0 quarters
|
|
1561
OSI Systems
OSIS
$3.11B
| $1.2M | ﹤0.01% |
+5,506
| New | +$1.35M |
2013 Q2
52 quarters
|
|
1562
AerSale
ASLE
$242M
| $1.19M | ﹤0.01% |
+188,400
| New | +$1.23M |
2026 Q2
0 quarters
|
|
1563
Immersion
IMMR
$247M
| $1.19M | ﹤0.01% |
+175,100
| New | +$1.1M |
2026 Q2
0 quarters
|
|
1564
BitGo Holdings
BTGO
$862M
| $1.18M | ﹤0.01% |
+228,398
| New | +$1.87M |
2026 Q2
0 quarters
|
|
1565
Donegal Group Class A
DGICA
$677M
| $1.15M | ﹤0.01% |
+61,000
| New | +$1.06M |
2026 Q2
0 quarters
|
|
1566
Saul Centers
BFS
$742M
| $1.14M | ﹤0.01% |
+30,500
| New | +$1.07M |
2013 Q2
52 quarters
|
|
1567
IDEAYA Biosciences
IDYA
$3.48B
| $1.14M | ﹤0.01% |
+30,589
| New | +$936K |
2024 Q4
6 quarters
|
|
1568
Regional Management Corp
RM
$309M
| $1.13M | ﹤0.01% |
+27,500
| New | +$1.01M |
2026 Q2
0 quarters
|
|
1569
Cactus
WHD
$4.42B
| $1.13M | ﹤0.01% |
+22,007
| New | +$1.23M |
2018 Q3
31 quarters
|
|
1570
Industrial Logistics Properties Trust
ILPT
$477M
| $1.12M | ﹤0.01% |
+126,000
| New | +$976K |
2026 Q2
0 quarters
|
|
1571
Telephone and Data Systems
TDS
$3.86B
| $1.11M | ﹤0.01% |
+30,053
| New | +$1.27M |
2013 Q2
52 quarters
|
|
1572
Onity Group
ONIT
$222M
| $1.11M | ﹤0.01% |
+27,800
| New | +$1.1M |
2026 Q2
0 quarters
|
|
1573
Dyne Therapeutics
DYN
$3.11B
| $1.1M | ﹤0.01% |
+49,319
| New | +$917K |
2024 Q1
9 quarters
|
|
1574
ARKO Petroleum
APC
$768M
| $1.09M | ﹤0.01% |
+57,700
| New | +$1.11M |
2026 Q2
0 quarters
|
|
1575
GRAIL Inc
GRAL
$6.28B
| $1.08M | ﹤0.01% |
+15,790
| New | +$930K |
2024 Q2
8 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.