Norway Made $184 Billion In First Half, With Help From Nvidia And Apple

Norway's $2 trillion sovereign wealth fund, the world's largest single investor, generated $184 billion in returns in the first half of the year.

The fund holds a $62 billion stake in NVDA and a $52 billion stake in AAPL, among its largest individual tech positions.

Sovereign wealth funds often hold larger stakes than Vanguard or BlackRock yet stay almost entirely silent on corporate governance matters.

It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor)

Should Norway have a lot of money, as a nation? How and why? The nation has only 5.7 million people. And its GDP is only $500 billion. These are tiny compared to most other nations. However, it has a sovereign wealth fund which is worth $2 trillion. The yield from the money was $184 billion in the first half.

Its wealth fund is worth more than any OPEC nation. It is also larger than China's.

Norway's money comes from North Sea oil holdings. These are mostly in the Ekofisk, Statfjord, Troll, and Johan Sverdrup fields. Norway produces two million barrels of oil per day from these fields. And, according to Reuters, it has spread the risk of this capital widely across the world's public companies. "Investing ⁠the Norwegian state's revenues from oil and gas production, the fund ​owns on average 1.5% of all listed companies globally, making it the ​world's largest single investor," the news service reports.

Among the sovereign wealth fund's money are relatively large positions in the world's megacap tech firms. It holds a 1.28% stake worth $62 billion in Nvidia, (NASDAQ: NVDA), a 1.24% stake worth $52 billion in Apple (NASDAQ: AAPL), a 1.17% stake worth $50 billion in Alphabet (NASDAQ: GOOG), ​a 1.27% stake ​worth $35 billion in ⁠Microsoft (NASDAQ: MSFT), and a 1.7% stake worth $34 billion in Taiwan Semiconductor Manufacturing

SoFi Active Invest is offering a limited-time promotion. Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. (Sponsor)

Sovereign wealth funds, in general, hold massive positions in publicly traded companies. Yet, investors rarely, if ever, hear comments or criticisms about these positions. It is not entirely clear why the sovereign money remains passive.

Sovereign wealth fund positions are often larger than those of America's largest money managers. These include Vanguard, BlackRock, and Fidelity. These institutions are, on occasion, very vocal. However, they represent millions of individual and institutional investors. Sovereign wealth funds only have one–their own governments.

Is $184 billion a good return on $2 trillion? Certainly not on a percentage basis. However, Norway does need outside returns. The dollar sum of the return is too staggering.

Looking to grow your money but unsure where to begin? SoFi Active Invest is offering a limited-time promotion—open a new Active Invest account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock.

Contact editorial@247wallst.com for any questions or corrections.