Norway is home to the biggest sovereign wealth fund globally, valued at nearly $1.4 trillion. In 2023, the fund posted record profits, bolstered by tech holdings that include Microsoft, Apple, and Nvidia. Originating in 1996, the fund was created to invest surplus earnings from its massive energy sector—where it ranks as the fourth-largest exporter of natural gas in the world. This graphic breaks down the portfolio of Norway’s sovereign wealth fund, based on data from Global SWF. Here’s how the fund, Norges Bank Investment Management, invests its portfolio according to asset type. As we can see, the majority of the ... (full story)