Norway's $2.3 trillion Government Pension Fund Global posted a record-high profit of $185 billion for the first half of 2026, driven by strong returns from Asian technology stocks.
This fund, commonly referred to as 'Norway's oil fund', was established with oil and gas revenues and currently holds shares in many large companies, with more than half of its equity investments in the U.S. market.
As of June 30, 2026, the fund's value was 22.683 trillion Norwegian crowns, or $2.39 trillion, up by 1.416 trillion crowns, or $149 billion, from the same time a year earlier.
Equity investments accounted for 72.1% of the fund's value at the end of the first half of 2026, while fixed-income investments made up 25.8%.
Nvidia, Apple, and Microsoft are among the most valuable investments of the Norwegian wealth fund.
