Norway’s wealth fund posts record US$184bil profit in first half of 2026
CEO Nicolai Tangen said the result is driven by good returns in the equity market, particularly from Asian technology stocks.
Norway's US$2.3 trillion sovereign wealth fund recorded a record profit of US$184.3 billion for the first half of 2026, according to the fund's latest report. The investment giant, which holds an average of 1.5% of all listed companies globally, attributed the boost to strong returns in the equity market, particularly from Asian technology stocks.
CEO Nicolai Tangen highlighted the fund's substantial investments in tech giants like Nvidia, Apple, Alphabet, Microsoft, and Taiwan Semiconductor Manufacturing in its statement. The fund also recently acquired a 0.05% stake in SpaceX, valued at US$1.22 billion as of June 30, following the company's successful IPO. Overall, the fund maintains a diverse portfolio of around 7,100 companies globally, with investments spanning stocks, property, and renewable projects.
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Also reported by 4 other outlets
- Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1 oilprice.com
- Norway Oil Fund Makes Record Profit, Buoyed by Asia Tech Stock Rally wsj.com
- Norway's sovereign wealth fund posted a record $184 billion profit and revealed a SpaceX stake qz.com
- Norway’s wealth fund posts record US$184bil profit in first half of 2026 freemalaysiatoday.com
