§ 13F · FUND PROFILE
NORGES BANK.
Norwegian sovereign wealth fund, long-term
AUM · $1.0T (13F)Positions · 1617Turnover · 100% · Q2Filed · Aug 12, 2026
CONCENTRATION
32%
Top 10 holdings
NEW BUYS
+1617
+$1.0T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → SEMICONDUCTORS
-2pp · +4pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 325.95M | $65.2B | 6.5% | NEW |
| 2 | AAPL | APPLE INC | 190.73M | $55.2B | 5.5% | NEW |
| 3 | MSFT | MICROSOFT CORP | 102.73M | $38.3B | 3.8% | NEW |
| 4 | AMZN | AMAZON COM INC | 140.57M | $33.5B | 3.3% | NEW |
| 5 | GOOGL | ALPHABET INC | 80.93M | $28.9B | 2.9% | NEW |
| 6 | GOOG | ALPHABET INC | 74.79M | $26.4B | 2.6% | NEW |
| 7 | AVGO | BROADCOM INC | 65.97M | $24.9B | 2.5% | NEW |
| 8 | META | META PLATFORMS INC | 32.73M | $18.4B | 1.8% | NEW |
| 9 | MU | MICRON TECHNOLOGY INC | 15.18M | $17.5B | 1.7% | NEW |
| 10 | TSLA | TESLA INC | 38.81M | $16.3B | 1.6% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Other44.6% (−1pp)
Semiconductors17.5% (+4pp)
Technology15.1% (−2pp)
Media8.6% (−1pp)
Retail6.8% (±0)
Financial Services5.8% (−1pp)
§ 03 · THE NORGES SIGNAL
AC read
NORGES BANK is a Quality / Compounder fund managing $1.0 trillion in assets. The fund runs a massive portfolio of 1,617 positions, broad diversification across holdings, with the top 10 accounting for 32%. Trading activity is aggressive at 100% quarterly turnover, with 1617 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Semiconductors (18%), Technology (15%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+1617 buys · −0 exits · 0 changed
Q4 2025
Busy quarter
+1577 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed