On Tuesday, August 13, Norway's sovereign wealth fund released its latest investment list, with Microsoft, Apple and Nvidia being its top three holdings. The fund is the world's largest sovereign wealth fund, with a size of up to $1.7 trillion and is the focus of investors' attention. As of the end of the first half of the year, the fund reduced its holdings in Meta, Novo Nordisk, and ASML Holding, and also increased its positions in some energy stocks. Product structure, 10-30 billion yuan products operating income of 401/1288/60 million yuan respectively.
In the first half of this year, the Norwegian Sovereign Wealth Fund - the Norwegian Government Pension Fund Global, reduced its shareholding of stocks. $Meta Platforms (META.US)$,$Novo-Nordisk A/S (NVO.US)$And.$ASML Holding (ASML.US)$These three companies are all in the top ten list of holdings.
The Norwegian government retirement pension global fund is the world's largest sovereign wealth fund, with a size of up to $1.7 trillion.
On Tuesday, August 14, it announced its latest investment list. The data shows that as of the middle of this year, the fund's operating agency-Norwegian Central Bank Investment Management Company (NBIM) lowered its stake in Meta from the end of 2023 1.22% to 1.18%, worth about $15.1 billion. It also reduced its stake in Novo Nordisk from 1.87% at the end of last year to 1.75% and lowered its holding of ASML shares from 2.61% to 2.54%.
New investment portfolio
NBIM was established in the 1990s with the aim of investing Norway's oil and gas revenue overseas and diversifying its layout. As of the end of June, the fund had invested in more than 8,800 companies in over 70 countries and regions, of which 72% were stock investments and about 26% were fixed-income investments. The company is scheduled to release its first-half performance this Wednesday (August 14).
Traditionally, the fund updates the content of its investment portfolio every year, and it has now been changed to twice a year.
On its investment list updated on Tuesday, $Microsoft (MSFT.US)$and$Apple (AAPL.US)$and $NVIDIA (NVDA.US)$were its three largest private equity investments.
In the top ten holdings, NBIM reduced its positions in Meta, Novo-Nordisk A/S and ASML Holding; in addition, it also reduced its stocks in Autos and Volkswagen; while increasing its holdings in three major energy stocks, including $Tesla (TSLA.US)$Energy.$Exxon Mobil (XOM.US)$,$Shell (SHEL.US)$And.$BP PLC (BP.US)$stocks for the past ten years.
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