Q2 2026 13F · SEC CIK 1374170

Norges Bank

Sovereign wealth fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.00T
Reported positions: 1,617
Top holdings a year, 3 yrs: +23.8%
Average holding period: 2.1 yrs

Norges Bank is a sovereign wealth fund that reported 1,617 positions worth $1.00T in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Nvidia Corporation (NVDA, 6.5%), Apple Inc (AAPL, 5.5%), Microsoft Corp (MSFT, 3.8%). A portfolio copying its top holdings returned 23.8% a year over the last 3 years, against 18.8% for the S&P 500.

Norges Bank holdings largest 50 of 1,617 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Norges Bank 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
NVDANvidia Corporation	6.5%	6.7%	325,951,734	-2.3%	$65.2B
AAPLApple Inc	5.5%	5.6%	190,726,866	-0.8%	$55.2B
MSFTMicrosoft Corp	3.8%	5.4%	102,732,956	-1.9%	$38.3B
AMZNAmazon Com Inc	3.3%	3.5%	140,565,601	-1.3%	$33.5B
GOOGLAlphabet Inc	2.9%	3.3%	80,931,418	-17.0%	$28.9B
GOOGAlphabet Inc	2.6%	1.9%	74,788,768	+29.7%	$26.4B
AVGOBroadcom Inc	2.5%	2.6%	65,970,988	-5.9%	$24.9B
METAMeta Platforms Inc	1.8%	2.4%	32,726,903	-2.5%	$18.4B
MUMicron Technology Inc	1.7%	0.7%	15,180,843	-32.7%	$17.5B
TSLATesla Inc	1.6%	1.8%	38,812,422	+1.9%	$16.3B
LLYEli Lilly & Co	1.4%	1.4%	11,471,413	-5.0%	$13.8B
AMDAdvanced Micro Devices Inc	1.4%	0.5%	23,361,170	+1.5%	$13.6B
JPMJpmorgan Chase & Co	1.2%	1.2%	36,122,327	+2.1%	$11.8B
INTCIntel Corp	0.9%	—	61,714,672	—	$8.6B
XOMExxon Mobil Corp	0.8%	0.8%	60,999,693	-3.7%	$8.3B
AMATApplied Matls Inc	0.8%	—	11,305,788	—	$8.2B
JNJJohnson & Johnson	0.8%	0.7%	31,825,084	-4.9%	$8.1B
LRCXLam Research Corp	0.8%	0.4%	18,123,399	-14.9%	$7.9B
BRK-ABerkshire Hathaway Inc Del	0.8%	0.8%	10,371	+0.6%	$7.8B
WMTWalmart Inc	0.6%	0.7%	57,423,929	-0.9%	$6.5B
CSCOCisco Sys Inc	0.6%	0.5%	54,835,694	-5.6%	$6.4B
ABBVAbbvie Inc	0.6%	0.6%	25,554,538	-0.4%	$6.4B
AZNAstrazeneca PLC	0.6%	—	33,864,172	—	$6.3B
COSTCostco Wholesale Corporation	0.6%	0.6%	6,474,767	+7.5%	$6.1B
MAMastercard Incorporated	0.6%	0.7%	11,753,770	+0.1%	$6.0B
KLACKla Corp	0.6%	0.3%	19,565,355	+696.1%	$5.9B
VVisa Inc	0.6%	0.6%	16,215,161	-3.2%	$5.6B
UNHUnitedhealth Group Inc	0.5%	0.5%	12,736,973	-3.9%	$5.3B
GEGe Aerospace	0.5%	0.5%	13,691,596	-5.1%	$5.1B
BACBank of Amer Corp	0.5%	0.5%	83,794,863	-3.5%	$4.8B
MRKMerck & Co Inc	0.5%	0.4%	36,983,784	-2.6%	$4.8B
UBSUbs Group AG	0.5%	0.5%	95,849,980	-8.7%	$4.8B
HDHome Depot Inc	0.5%	0.5%	13,383,376	-5.1%	$4.7B
SNDKSandisk Corp	0.5%	—	2,055,094	—	$4.7B
PGProcter & Gamble Co	0.5%	0.5%	31,831,692	-2.2%	$4.7B
WFCWells Fargo & Co	0.5%	0.5%	55,487,578	+14.6%	$4.6B
BRK-BBerkshire Hathaway Inc Del	0.4%	0.5%	8,785,259	+3.8%	$4.4B
MRVLMarvell Technology Inc	0.4%	—	14,201,483	—	$4.2B
KOCoca Cola Co	0.4%	0.4%	52,025,304	-5.9%	$4.2B
NFLXNetflix Inc.	0.4%	0.6%	57,951,405	-6.4%	$4.1B
WELLWelltower Inc	0.4%	0.6%	18,146,984	-38.4%	$4.1B
RYRoyal Bk Cda	0.4%	0.4%	19,905,354	-2.3%	$4.1B
GEVGe Vernova Inc	0.4%	—	3,419,249	—	$4.0B
TXNTexas Instrs Inc	0.4%	—	13,220,004	—	$3.9B
CVXChevron Corporation	0.4%	0.4%	22,964,061	-6.1%	$3.8B
RTXRtx Corporation	0.4%	0.3%	19,952,281	+15.5%	$3.8B
MSMorgan Stanley	0.4%	—	17,984,532	—	$3.8B
ORCLOracle Corp	0.4%	0.5%	25,002,553	+12.4%	$3.7B
PLTRPalantir Technologies Inc	0.4%	0.6%	31,076,211	+7.3%	$3.6B
DLRDigital Rlty Tr Inc	0.3%	0.4%	19,290,135	-12.3%	$3.5B

What Norges Bank bought and sold in Q2 2026, against Q4 2025.

New positions

Q4 2025's filing was too long to tell new positions apart.

Share counts compared with the Q4 2025 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.1% /yr; S&P 500 +20.1%
3 years: +23.8% /yr; S&P 500 +18.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.00T	1,617
Q4 2025	$934.8B	1,577
Q2 2025	$801.1B	1,707
Q4 2024	$762.1B	1,845
Q2 2024	$669.4B	1,930
Q4 2023	$572.3B	1,942
Q4 2022	$414.9B	2,130
Q4 2017	$279.0B	2,115
Q4 2015	$201.2B	2,227
Q4 2013	$173.6B	2,094

Questions about Norges Bank's portfolio

What stocks does Norges Bank own?

Norges Bank's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 1,617 positions worth $1.00T. The largest are Nvidia Corporation (NVDA) at 6.5%, Apple Inc (AAPL) at 5.5%, Microsoft Corp (MSFT) at 3.8%, Amazon Com Inc (AMZN) at 3.3% and Alphabet Inc (GOOGL) at 2.9%.

What did Norges Bank buy last quarter?

In Q2 2026, Norges Bank added Kla Corp (KLAC) (+696.1% shares), Alphabet Inc (GOOG) (+29.7% shares) and Rtx Corporation (RTX) (+15.5% shares), compared with its Q4 2025 filing.

What did Norges Bank sell last quarter?

In Q2 2026, Norges Bank cut from its top 50 Booking Holdings Inc (BKNG), cut from its top 50 Linde PLC (LIN), cut from its top 50 Salesforce Inc (CRM), cut from its top 50 Thermo Fisher Scientific Inc (TMO), cut from its top 50 Intuit (INTU), Welltower Inc (WELL) (-38.4% shares), Micron Technology Inc (MU) (-32.7% shares) and Alphabet Inc (GOOGL) (-17.0% shares), compared with its Q4 2025 filing.

How has Norges Bank's portfolio performed?

A portfolio copying Norges Bank's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.8% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +19.1% against +20.1%.

When is Norges Bank's next 13F filing due?

13F filings are due 45 days after each quarter ends. Norges Bank's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.