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 | |
|---|---|---|---|---|---|---|
201
Sempra
SRE
$55.4B
| $864M | 0.09% |
+9,320,773
| New | +$867M |
|
202
United Parcel Service
UPS
$89.9B
| $862M | 0.09% |
+8,018,679
| New | +$834M |
|
203
Cheniere Energy
LNG
$58B
| $856M | 0.09% |
+3,581,124
| New | +$892M |
|
204
Travelers Companies
TRV
$77B
| $853M | 0.09% |
+2,584,600
| New | +$783M |
|
205
Snowflake
SNOW
$114B
| $851M | 0.08% |
+3,342,408
| New | +$615M |
|
206
Hilton Worldwide
HLT
$73.3B
| $851M | 0.08% |
+2,573,798
| New | +$846M |
|
207
Marriott International
MAR
$92.3B
| $844M | 0.08% |
+2,277,479
| New | +$840M |
|
208
Take-Two Interactive
TTWO
$43.6B
| $841M | 0.08% |
+3,362,476
| New | +$742M |
|
209
HCA Healthcare
HCA
$90.8B
| $836M | 0.08% |
+2,145,367
| New | +$907M |
|
210
Ciena
CIEN
$56.6B
| $835M | 0.08% |
+1,703,155
| New | +$869M |
|
211
Warner Bros
WBD
$72.4B
| $833M | 0.08% |
+31,238,355
| New | +$845M |
|
212
Microchip Technology
MCHP
$41B
| $828M | 0.08% |
+9,079,462
| New | +$810M |
|
213
Flex
FLEX
$42.6B
| $811M | 0.08% |
+5,005,183
| New | +$607M |
|
214
Dominion Energy
D
$58.5B
| $805M | 0.08% |
+11,791,396
| New | +$767M |
|
215
Equitable Holdings
EQH
$13.7B
| $804M | 0.08% |
+18,326,687
| New | +$766M |
|
216
Realty Income
O
$58.5B
| $804M | 0.08% |
+12,978,009
| New | +$809M |
|
|
NBIS
217
Nebius Group N.V.
NBIS
$59.4B
| $804M | 0.08% |
+2,911,196
| New | +$577M |
|
218
Yum! Brands
YUM
$41.1B
| $803M | 0.08% |
+5,022,027
| New | +$778M |
|
219
Target
TGT
$75.4B
| $800M | 0.08% |
+6,124,565
| New | +$778M |
|
220
Blackstone
BX
$108B
| $791M | 0.08% |
+6,719,504
| New | +$807M |
|
221
Tyler Technologies
TYL
$15.1B
| $782M | 0.08% |
+2,672,346
| New | +$845M |
|
222
Ferrari
RACE
$72.8B
| $782M | 0.08% |
+2,109,437
| New | +$734M |
|
223
Deutsche Bank
DB
$75.3B
| $778M | 0.08% |
+22,999,021
| New | +$745M |
|
224
Keysight
KEYS
$55.5B
| $767M | 0.08% |
+2,190,425
| New | +$747M |
|
225
Mid-America Apartment Communities
MAA
$14.9B
| $758M | 0.08% |
+5,452,477
| New | +$712M |
|
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.