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Norges Bank

Norges Bank Portfolio holdings

AUM $1T
 

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.

This Fund
S&P 500
This Quarter Est. Return
+26.22%
1 Year Est. Return
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$1T
AUM Growth
Cap. Flow
+$972B
Cap. Flow %
96.91%
Top 10 Hldgs %
32.37%
Holding
1,617
New
1,617
Increased
Reduced
Closed

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$67B
2
AAPL icon
Apple
AAPL
+$54.6B
3
MSFT icon
Microsoft
MSFT
+$41.6B
4
AMZN icon
Amazon
AMZN
+$35.3B
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$29.1B

Top Sells

No sells this quarter

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%

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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.