In The First Half Of 2026, Norway’s Wealth Fund Reported a Record $184 Billion In Earnings

Technology stocks helped Norway’s $2.3 trillion sovereign wealth fund, the largest in the world, earn a record profit of 1.75 trillion Norwegian crowns ($184.3 billion) for the first half of the year, the fund announced on Wednesday.

The fund is the largest single investor in the world, owning an average of 1.5% of all listed firms worldwide thru the use of the Norwegian state’s oil and gas production income.In a statement that accompanied the half-year results, CEO Nicolai Tangen stated, “The outcome is driven by good returns in the equity market, particularly from Asian technology stocks.”

In an updated list of its assets, the fund revealed late on Tuesday that it had a 0.05% position in SpaceX (SPCX.O), opening a new tab valued at $1.22 billion as of June 30.

Compared to its other tech interests, the stake was small.

According to fund data, it had a 1.28% stake worth $62 billion in Nvidia (NVDA.O), a 1.24% stake worth $52 billion in Apple (AAPL.O), a 1.17% stake worth $50 billion in Alphabet (GOOGL.O), a 1.27% stake worth $35 billion in Microsoft (MSFT.O), a 1.7% stake worth $34 billion in Taiwan Semiconductor Manufacturing (2330.TW).

The firm has investments in about 7,100 businesses worldwide. Additionally, it makes investments in real estate, equities, and renewable energy initiatives.

Following its record-breaking initial public offering (IPO) in late June, SpaceX shares saw a quick increase before sharply declining as investors questioned if the company’s high valuation of 77 times estimated revenue could be justified.

On Wednesday at 0800 GMT, the Norwegian sovereign wealth fund will host a news conference.

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