Norges Bank
About Norges Bank’s 13F portfolio
Norges Bank is an institutional investment manager that discloses its US-listed holdings each quarter through an SEC Form 13F filing. As of , Norges Bank reported $1.0T across 1,617 US-listed positions (). Its largest position is NVIDIA CORPORATION (NVDA) at 6.5% of the reported book, and its ten biggest holdings make up 32% of the portfolio. Browse every manager in the fund managers directory, or see the legendary investors we track on the superinvestors page.
| # | Stock | Price | % of portfolio | Shares | Value |
|---|---|---|---|---|---|
| 1 |  NASDAQ: NVDA NVIDIA CORPORATION | $209.66 −1.59% | 6.5% | 326.0M | $65.2B |
| 2 |  NASDAQ: AAPL APPLE INC | $313.45 +1.15% | 5.5% | 190.7M | $55.2B |
| 3 |  NASDAQ: MSFT MICROSOFT CORP | $496.37 +0.95% | 3.8% | 102.7M | $38.3B |
| 4 |  NASDAQ: AMZN AMAZON COM INC | $260.28 −0.30% | 3.3% | 140.6M | $33.5B |
| 5 |  NASDAQ: GOOGL ALPHABET INC | $342.00 −1.43% | 2.9% | 80.9M | $28.9B |
| 6 |  NASDAQ: GOOG ALPHABET INC | $339.10 −1.23% | 2.6% | 74.8M | $26.4B |
| 7 |  NASDAQ: AVGO BROADCOM INC | $355.59 −0.32% | 2.5% | 66.0M | $24.9B |
| 8 |  NASDAQ: META META PLATFORMS INC | $576.14 +1.07% | 1.8% | 32.7M | $18.4B |
| 9 |  NASDAQ: MU MICRON TECHNOLOGY INC | $938.40 +0.58% | 1.7% | 15.2M | $17.5B |
| 10 |  NASDAQ: TSLA TESLA INC | $345.82 −1.26% | 1.6% | 38.8M | $16.3B |
| 11 |  NYSE: LLY ELI LILLY & CO | $1,189.41 −3.59% | 1.4% | 11.5M | $13.8B |
| 12 |  NASDAQ: AMD ADVANCED MICRO DEVICES INC | $480.93 +0.37% | 1.4% | 23.4M | $13.6B |
| 13 |  NYSE: JPM JPMORGAN CHASE & CO | $356.50 −0.05% | 1.2% | 36.1M | $11.8B |
| 14 |  NASDAQ: INTC INTEL CORP | $88.24 +0.87% | 0.9% | 61.7M | $8.6B |
| 15 |  NYSE: XOM EXXON MOBIL CORP | $158.19 −1.53% | 0.8% | 61.0M | $8.3B |
| 16 |  NASDAQ: AMAT APPLIED MATLS INC | $479.76 −0.06% | 0.8% | 11.3M | $8.2B |
| 17 |  NYSE: JNJ JOHNSON & JOHNSON | $270.00 −1.15% | 0.8% | 31.8M | $8.1B |
| 18 |  NASDAQ: LRCX LAM RESEARCH CORP | $312.88 −0.57% | 0.8% | 18.1M | $7.9B |
| 19 |  NYSE: BRK-A BERKSHIRE HATHAWAY INC DEL | $756,927.83 +0.21% | 0.8% | 10K | $7.8B |
| 20 |  NASDAQ: WMT WALMART INC | $104.34 −0.99% | 0.6% | 57.4M | $6.5B |
| 21 |  NASDAQ: CSCO CISCO SYS INC | $112.36 +1.13% | 0.6% | 54.8M | $6.4B |
| 22 |  NYSE: ABBV ABBVIE INC | $262.90 −1.09% | 0.6% | 25.6M | $6.4B |
| 23 |  NASDAQ: AZN ASTRAZENECA PLC | $166.27 −2.00% | 0.6% | 33.9M | $6.3B |
| 24 |  NASDAQ: COST COSTCO WHOLESALE CORPORATION | $956.12 −0.41% | 0.6% | 6.5M | $6.1B |
| 25 |  NYSE: MA MASTERCARD INCORPORATED | $598.47 −0.15% | 0.6% | 11.8M | $6.0B |
Showing 1–25 of 500 positions on this page — of 1,617 total reported in this 13F. Positions beyond the first 500 are not yet available on this page.
- Technology34%
- Financial Services12%
- Communication Services9.3%
- Healthcare8.8%
- Consumer Cyclical8.8%
- Industrials6.5%
- Consumer Defensive3.4%
- Real Estate3.4%
- Energy2.8%
- Basic Materials1.9%
- Utilities1.4%
Companies where this manager has disclosed a stake of more than 5% of a class of shares, as reported to the SEC on Schedule 13D (activist) or 13G (passive). Figures are as disclosed in each filing — tap a date to open the source document.
| # | Stock | Type | % of class | Shares | Filed |
|---|---|---|---|---|---|
| 1 |  UNM UNUM GROUP | 13G | 9.0% | 14.8M | Filed 11 MAY 2026 |
| 2 |  UPB Upstream Bio, Inc. | 13G | 7.7% · 2 classes | 4.2M | Filed 12 AUG 2026 |
| 3 |  VNO VORNADO REALTY TRUST | 13G | 7.7% | 14.7M | Filed 11 MAY 2026 |
| 4 |  ROG Rogers Corp | 13G | 7.1% · 2 classes | 1.3M | Filed 28 JUL 2025 |
| 5 |  BILI Bilibili Inc. | 13G | 6.8% | 23.5M | Filed 12 AUG 2026 |
| 6 | — Onestream Inc | 13G | 6.6% | 6.0M | Filed 26 JAN 2026 |
| 7 |  ATAT Atour Lifestyle Holdings Ltd | 13G | 6.5% · 2 classes | 22.2M | Filed 27 JAN 2026 |
| 8 |  FRT Federal Realty Investment Trust | 13G | 6.5% | 5.6M | Filed 12 AUG 2026 |
| 9 |  VTMX VESTA REAL ESTATE CORPORATION, S.A.B. DE C.V. | 13G | 6.4% · 2 classes | 54.1M | Filed 11 MAY 2026 |
| 10 |  LINE Lineage Inc | 13G | 6.1% | 13.9M | Filed 22 JUL 2025 |
| 11 |  VNET Vnet Group Inc | 13G | 5.9% | 93.2M | Filed 28 JAN 2026 |
| 12 |  TYL TYLER TECHNOLOGIES, INC. | 13G | 5.7% | 2.4M | Filed 11 MAY 2026 |
| 13 |  AEFC Aegon Ltd | 13G | 5.6% | 88.8M | Filed 27 JAN 2026 |
| 14 |  FWONA Liberty Media Corp-Liberty Formula One | 13G | 5.5% | 1.3M | Filed 12 AUG 2026 |
| 15 |  GMRS GMR Solutions Inc. | 13G | 5.5% | 3.0M | Filed 12 AUG 2026 |
| 16 |  CABA Cabaletta Bio, Inc. | 13G | 5.4% | 8.8M | Filed 12 AUG 2026 |
| 17 |  AVB AvalonBay Communities Inc | 13G | 5.3% | 7.6M | Filed 05 NOV 2025 |
| 18 |  RYN RAYONIER INC | 13G | 5.2% | 15.8M | Filed 11 MAY 2026 |
Showing all 18 disclosed stakes.
Reading Norges Bank’s 13F portfolio
Norges Bank’s $1.0T 13F book is spread across 1,617 reported positions and is moderately diversified, the ten largest names accounting for 32%. There are meaningful positions at the top alongside a long tail of smaller holdings. Its five largest positions are NVDA, AAPL, MSFT, AMZN and GOOGL, led by NVIDIA CORPORATION (NVDA) at 6.5% of the portfolio. The heaviest sector exposure is Technology (34%), then Financial Services (12%).
What a 13F does and doesn’t reveal
A 13F captures only Norges Bank’s long positions in US-listed stocks at a single quarter-end, so it is best read as a lagged snapshot rather than a live portfolio. It won’t show shorts, cash, bonds, or holdings listed outside the US, and it never reveals the price paid or the reasoning behind a trade. The signal is in the pattern over time: which names Norges Bank is building up, trimming, or exiting, and how concentrated the book stays from quarter to quarter.
Frequently asked questions
What is an SEC 13F filing?
A Form 13F is a report that every institutional investment manager with at least $100 million in US-listed securities must file with the SEC within 45 days of each quarter's end. It lists the manager's long positions in US-listed stocks and certain options, with the share count and market value of each. Norges Bank's profile on this page is built directly from those filings.
How current is the 13F data on Norges Bank's page?
It reflects Norges Bank's most recently filed 13F, currently the quarter ending Q2 2026. Because managers have up to 45 days after a quarter closes to file, a 13F is always a slightly lagged view rather than a live portfolio. When Norges Bank files its next quarterly report, this page refreshes automatically.
Can I see Norges Bank's complete list of holdings?
This page highlights Norges Bank's largest positions rather than all 1,617 names in the filing. The complete, position-by-position 13F is public and available from the SEC's EDGAR database under Norges Bank's filings.
Does a 13F show everything Norges Bank owns?
No. A 13F only covers long positions in US-listed stocks and certain options. It leaves out short positions, cash, bonds, commodities, foreign-listed stocks, and private holdings, so it is a partial view of Norges Bank's book rather than its full strategy or total assets.
Is 13F data investment advice?
No. Everything here is educational. 13F positions are disclosed with a delay, cover only long US-listed holdings, and never explain why Norges Bank made a trade or at what price. Treat it as a research lens, not a recommendation, and speak with a licensed financial advisor before making investment decisions.
Not investment advice. Holdings data comes from public SEC Form 13F filings, which are filed with a delay of up to 45 days and may be amended later. It describes historical, disclosed positions in US-listed securities only, meaning no shorts, cash, or foreign holdings, and it is not a recommendation. Always do your own research and speak with a licensed financial advisor before making investment decisions.