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 sovereign wealth fund, the world's largest with a value of US$2.3 trillion, reported a record profit of US$184.3 billion for the first half of 2026. This milestone was attributed to strong returns in the equity market, particularly from Asian technology stocks. CEO Nicolai Tangen revealed in a statement that the fund now holds a substantial stake of 0.05% in SpaceX, valued at US$1.22 billion as of June 30.
The fund's diverse portfolio includes significant investments in Nvidia, Apple, Alphabet, Microsoft, and Taiwan Semiconductor Manufacturing, among other companies. Overall, the fund holds stakes in approximately 7,100 companies globally and also invests in various stocks, properties, and renewable projects. The fund's substantial investments in technology stocks contributed significantly to its record-breaking profit.
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