Norway wealth fund posts record $184 bln profit in first half of 2026
Technology stocks and semiconductor gains drove the fund’s 12.95% first-half return, CEO Nicolai Tangen said.
- On Wednesday, Norway's $2.3 trillion sovereign wealth fund posted a record profit of 1.75 trillion Norwegian crowns for the first half of the year, lifted by technology stocks.
- CEO Nicolai Tangen of Norges Bank Investment Management attributed the success to "good returns in the equity market, particularly from Asian technology stocks," with top holdings including Nvidia, Samsung, SK Hynix, TSMC, ASML, and Intel.
- The fund, which owns 1.5% of all listed companies globally, disclosed a new 0.05% stake in SpaceX worth $1.22 billion as of 30 June in an updated holdings list.
- Tangen told CNBC on Wednesday that markets proved surprisingly resilient despite geopolitical tensions and trade barriers, yet he cautioned investors against expecting similar returns going forward.
- As the source of around 25% of Norway's fiscal budget, the fund faces heightened risk if markets downturn; Tangen warned a "meaningful market downturn" could prove bleak for the nation's finances.
53 Articles
53 Articles
Norway's sovereign resources increased by EUR 160 billion in the first half of 2026, thanks to investments in semiconductors and artificial intelligence.
Norway wealth fund posts record $184B profit, reveals SpaceX stake
Norway’s sovereign wealth fund has earned a record 1.75 trillion kroner, or about $184.3 billion, in the first half of 2026 while disclosing a $1.22 billion investment in SpaceX for the first time. Asian technology stocks drove the record profit…
Norway sovereign wealth fund sees big chip gains
Norway’s sovereign wealth fund, the world’s largest, yesterday reported a record return on investments of US$185 billion in the first half of the year, recovering from heavy losses seen in the first three months of the year.The 9.4 percent return was due largely to its holdings in Asian technology f
Nvidia, Apple, Google fuel record $185 billion gain for Norway’s wealth fund, but CEO say, ‘We are really cautious’
Norway's $2.3 trillion sovereign wealth fund reported a record $185 billion in investment returns for the first half of the year, recovering from losses in early 2023.
Norway Made $184 Billion In First Half, With Help From Nvidia And Apple
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