Norway’s $2.34 Trillion Wealth Fund Records $184.9 Billion Half-Year Profit
Norway’s sovereign wealth fund, the world’s largest, reported a record first-half profit of about $184.9 billion after returning 9.4%. The fund is valued at roughly $2.34 trillion and was created to invest Norway’s oil and gas revenues. Its gains were driven largely by strong equity-market performance, especially Asian technology stocks. Shares account for more than two-thirds of the portfolio, while the fund also invests in bonds, property and renewable-energy infrastructure. The fund owns stakes in more than 7,000 companies across over 50 countries, including major holdings in Nvidia, Apple and Microsoft. It also disclosed a 0.05% stake in SpaceX valued at more than $1.2 billion, alongside a 1% stake in Tesla.
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