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Norway sovereign wealth fund earns 1.75 trillion kroner, 9.4%

8/12/2026

Summary

Story summary

Norway's sovereign wealth fund posted a half-year profit of 1.75 trillion kroner for Jan-June 2025.
The fund recorded a 9.4% return, beating its benchmark by 22 basis points.
CEO Nicolai Tangen said Asian technology stocks drove the equity gains.
The fund holds 1.3% of Nvidia ($61.8 billion), 1.2% of Apple ($52.7 billion), a 1% stake in Tesla ($15.7 billion), a 0.05% SpaceX holding worth $1.2 billion, and total assets of $2.34 trillion across 7,000 companies.

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Story summary

Norway's sovereign wealth fund posted a half-year profit of 1.75 trillion kroner for Jan-June 2025.
The fund recorded a 9.4% return, beating its benchmark by 22 basis points.
CEO Nicolai Tangen said Asian technology stocks drove the equity gains.
The fund holds 1.3% of Nvidia ($61.8 billion), 1.2% of Apple ($52.7 billion), a 1% stake in Tesla ($15.7 billion), a 0.05% SpaceX holding worth $1.2 billion, and total assets of $2.34 trillion across 7,000 companies.