Norway $1.8 trillion fund ended 2024 with tech-heavy top ten.
Jerry
Norway’s $1.8 trillion wealth fund ended 2024 with a tech-heavy top ten, just as the success of the artificial intelligence model developed by Chinese startup DeepSeek raises the specter of a correction in the AI-driven stock rally.
Norges Bank Investment Management, the world’s single-biggest owner of publicly traded stocks, increased its holdings in Apple Inc, Microsoft Corp, and Nvidia Corp. from a year earlier, according to a list of holdings the fund published on its website. It also added to its position in Elon Musk’s Tesla Inc.
The fund’s 1.22% stake in Apple was valued at about $46.2 billion at the end of last year, while the stake in Microsoft was worth about $43.8 billion. Last year was the first year when it published a half-year holdings list, as well as the full year.
Source: FORTUNE
