Norges Bank Investment Management 13F: Q2 2026 Portfolio — $1T Across 1617 Positions

Norges Bank Investment Management · Q2 2026

Norges Bank added a full slate of mega-cap and semiconductor exposure, lifting top weights via new entries.

Reported value

$1.00T

Filed 2026-08-12

Positions

1617

Quarter ended 2026-06-30

Top 10 weight

32.4%

New1617Added0Trimmed0Exited1View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Norges Bank Investment Management reported a $1T US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-12 for the quarter ended 2026-06-30. The book holds 1617 positions, led by Nvidia at 6.5% of reported value; the top three together account for 16%. Against the Q1 2026 filing, the manager opened 1617 new positions, added to 0, trimmed 0, and exited 1.

Top 12 holdings

Portfolio allocation

NvidiaNVDA6.5%
AppleAAPL5.5%
MicrosoftMSFT3.8%
AmazonAMZN3.3%
AlphabetGOOGL2.9%
AlphabetGOOG2.6%
BroadcomAVGO2.5%
Meta PlatformsMETA1.8%
Micron TechnologyMU1.8%
TeslaTSLA1.6%
Other holdings67.6%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	NvidiaNVDA	New	6.5%	$65.2B	New
2	AppleAAPL	New	5.5%	$55.2B	New
3	MicrosoftMSFT	New	3.8%	$38.3B	New
4	AmazonAMZN	New	3.3%	$33.5B	New
5	AlphabetGOOGL	New	2.9%	$28.9B	New
6	AlphabetGOOG	New	2.6%	$26.4B	New
7	BroadcomAVGO	New	2.5%	$24.9B	New
8	Meta PlatformsMETA	New	1.8%	$18.4B	New
9	Micron TechnologyMU	New	1.8%	$17.5B	New
10	TeslaTSLA	New	1.6%	$16.3B	New
11	Eli Lilly &LLY	New	1.4%	$13.8B	New
12	Advanced Micro DevicesAMD	New	1.4%	$13.6B	New
	Other holdings		64.9%	$651B

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

Nvidia$65.2B
Apple$55.2B
Microsoft$38.3B
Amazon$33.5B
Alphabet$28.9B
Alphabet$26.4B
Broadcom$24.9B
Meta Platforms$18.4B
Micron Technology$17.5B
Tesla$16.3B
Eli Lilly &$13.8B
Advanced Micro Devices$13.6B

Closed out

Na$0

Read on the quarter

What the moves add up to

In Q2 2026 (period ended 2026-06-30), Norges Bank Investment Management reported no adds or trims, with 1 exit and 1617 new positions, signalling a broad re-building rather than a rotation of existing holdings. The quarter’s most consequential change is the establishment of a concentrated core in large U.S. technology and semiconductors: the top 10 weight is 32.4%.

New positions were led by Nvidia at 6.5% of the portfolio and Apple at 5.5%, followed by Microsoft at 3.82% and Amazon at 3.34%. The list also includes two Alphabet share classes—Alphabet at 2.88% and Alphabet at 2.63%—alongside Broadcom at 2.48%, Meta Platforms at 1.84%, and Micron Technology at 1.75%. Additional new entries such as Tesla at 1.63%, Eli Lilly & at 1.37%, and Advanced Micro Devices at 1.35% further reinforce the tech-heavy tilt.

On the other side, the filing shows a single exit: “Na” with a value of 0.0, effectively limiting portfolio impact from disposals relative to the scale of new entries.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.