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 | |
|---|---|---|---|---|---|---|
1576
Holley
HLLY
$360M
| $1.05M | ﹤0.01% |
+412,500
| New | +$1.17M |
|
1577
Tarsus Pharmaceuticals
TARS
$3.16B
| $1.05M | ﹤0.01% |
+16,672
| New | +$1.07M |
|
1578
Graham Holdings Company
GHC
$4.84B
| $1.03M | ﹤0.01% |
+906
| New | +$1.02M |
|
1579
Minerals Technologies
MTX
$2.25B
| $1.03M | ﹤0.01% |
+13,900
| New | +$1.05M |
|
1580
Compass Minerals
CMP
$1.05B
| $1.02M | ﹤0.01% |
+32,900
| New | +$930K |
|
|
WBI
1581
WaterBridge Infrastructure LLC
WBI
$1.81B
| $994K | ﹤0.01% |
+29,016
| New | +$845K |
|
1582
NMI Holdings
NMIH
$3.37B
| $993K | ﹤0.01% |
+24,164
| New | +$924K |
|
1583
Constellium
CSTM
$3.71B
| $988K | ﹤0.01% |
+31,000
| New | +$1M |
|
1584
A10 Networks
ATEN
$1.96B
| $982K | ﹤0.01% |
+26,272
| New | +$763K |
|
1585
Array Technologies
ARRY
$719M
| $975K | ﹤0.01% |
+131,609
| New | +$1.05M |
|
1586
Kenon Holdings
KEN
$3.59B
| $926K | ﹤0.01% |
+13,711
| New | +$1.12M |
|
1587
Axcelis
ACLS
$3.78B
| $916K | ﹤0.01% |
+4,834
| New | +$717K |
|
1588
Napco Security Technologies
NSSC
$1.26B
| $871K | ﹤0.01% |
+22,935
| New | +$911K |
|
1589
Alphatec Holdings
ATEC
$1.48B
| $853K | ﹤0.01% |
+98,611
| New | +$898K |
|
1590
ManpowerGroup
MAN
$2.89B
| $824K | ﹤0.01% |
+24,400
| New | +$747K |
|
1591
Diageo
DEO
$51.2B
| $804K | ﹤0.01% |
+10,000
| New | +$807K |
|
1592
Kinetik
KNTK
$4.37B
| $795K | ﹤0.01% |
+16,438
| New | +$786K |
|
1593
ANI Pharmaceuticals
ANIP
$1.69B
| $793K | ﹤0.01% |
+9,585
| New | +$769K |
|
1594
Immunovant
IMVT
$9.05B
| $744K | ﹤0.01% |
+19,302
| New | +$588K |
|
|
DPC
1595
DPC Holdings PLC
DPC
$6.82B
| $736K | ﹤0.01% |
+15,000
| New | +$731K |
|
1596
James Hardie Industries
JHX
$17.3B
| $674K | ﹤0.01% |
+25,739
| New | +$566K |
|
1597
SAP
SAP
$255B
| $632K | ﹤0.01% |
+4,104
| New | +$700K |
|
1598
Rio Tinto
RIO
$170B
| $566K | ﹤0.01% |
+5,964
| New | +$605K |
|
1599
United Parks & Resorts
PRKS
$1.93B
| $559K | ﹤0.01% |
+11,709
| New | +$454K |
|
1600
Camping World
CWH
$410M
| $557K | ﹤0.01% |
+73,065
| New | +$530K |
|
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.