Norway sovereign wealth fund reports record profits for first half of 2026

Norway’s sovereign wealth fund, the largest in the world, announced a record profit of 1.75 trillion Norwegian crowns, approximately $184.3 billion, for the first half of 2026. This significant financial growth was primarily driven by strong performance in global equity markets, with a specific emphasis on Asian technology stocks, according to CEO Nicolai Tangen.

The fund, which manages state oil and gas revenues, currently holds stakes in approximately 1.5% of all globally listed companies. Notable holdings include a $62 billion stake in Nvidia, a $52 billion stake in Apple, and a $50 billion stake in Alphabet. Additionally, the fund disclosed for the first time its investment in Elon Musk’s SpaceX, holding a 0.05% stake valued at $1.22 billion as of June 30. Other major holdings include Microsoft at $35 billion and Taiwan Semiconductor Manufacturing at $34 billion.

As the world’s largest single investor, the fund continues to leverage its vast capital across various sectors to maintain stability. No further legislative or structural changes were reported, as the fund maintains its ongoing strategy of broad international diversification to protect Norway’s long-term economic interests.