As we all know, the world's largest sovereign wealth fund, the Norwegian Government Pension Fund, has been very successful in stock investments.
Stock returns in 2023: 21.3%, overall return: 16.1%
In 2023, the Norwegian Government Pension Fund achieved an investment return of 16.1%, reversing the huge loss in 2022, with a total value reaching close to 15.8 trillion Norwegian krone (approximately $1.55 trillion). The fund's main source of funding is the revenue from Norway's state-owned oil and gas companies.
Asset growth since inception:
<img src="https://pub.pbkrs.com/cms/2024/0/QuTpc9daXbvCx7Le1CsvPBfxQHxsXHnr.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/QuTpc9daXbvCx7Le1CsvPBfxQHxsXHnr.jpg"/>
The Norwegian Government Pension Fund can be said to be fully invested. In its asset portfolio, about 71% is in stocks, with investments in as many as 8,859 companies worldwide, equivalent to 1.5% of all listed companies in the world. The return on this part of the investment in 2023 was 21.3%.
Next is fixed income assets, accounting for 27.1%:
<img src="https://pub.pbkrs.com/cms/2024/0/kTLvZocpbErXoJySdyPA2RYExAEhpPfy.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/kTLvZocpbErXoJySdyPA2RYExAEhpPfy.jpg"/>
In the first three months of 2024, assets grew by 10%
As of 2024, the 15.8 trillion Norwegian krone has risen to 17.4 trillion Norwegian krone (approximately $1.62 trillion), with a return rate of 10% in over three months (latest real-time data):
<img src="https://pub.pbkrs.com/cms/2024/0/wjwA4VzRupERm6r2iMqvaUqN4AyF9b8A.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/wjwA4VzRupERm6r2iMqvaUqN4AyF9b8A.jpg"/>
Currently, most of the Norwegian Government Pension Fund's funds come from investment returns:
<img src="https://pub.pbkrs.com/cms/2024/0/MaKzPtKnfpVFv6b3VDW6jUqtHJSefL2k.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/MaKzPtKnfpVFv6b3VDW6jUqtHJSefL2k.jpg"/>
While lying on the oil fields and getting rich, they double the money earned from oil in the investment market.
With a population of just over 5.4 million, Norway's per capita wealth is $300,000 (approximately 2.16 million RMB) based on the current $1.62 trillion, making the Norwegian people truly happy.
Happiness comes from comparison, and so does unhappiness. As the country with the largest oil reserves in the world, Venezuela stopped publishing economic data after 2014 and has become the country with the most refugees at one point, sitting on oil fields but with vastly different outcomes.
Betting on tech stocks, the biggest contributor is NVIDIA
In the past two years, the significant rise in US tech stocks, with the Nasdaq 100 index surging by 53.8% in 2023 and 8.6% so far in 2024, has brought the most substantial gains to the Norwegian Government Pension Fund.
The top ten stock investments in 2022 and 2023 were as follows:
The list shows that in 2022, NVIDIA did not appear in the top ten holdings, but by 2023, it became the fifth largest holding.
Its top five holdings are:
Microsoft: $33 billion
Apple: $31 billion
Google: $16 billion
Amazon: $14 billion
NVIDIA: $12 billion
Moving into 2024, NVIDIA continued to surge by 91.8%:
If there is no reduction, NVIDIA will become the third largest holding of the Norwegian Sovereign Wealth Fund (surpassing Amazon and Google, second only to Microsoft and Apple), worth over 280 billion Norwegian Krone (approximately $26 billion).
The Norwegian Sovereign Wealth Fund invests most of its funds in the stock market, with a focus on technology stocks, indicating that technology is the fastest way to grow wealth

NVDA

MSFT

GOOGL

AAPL

GOOG

AMZN

.NDX

SOXL

NVDL

Since 2024, Nvidia has continued to surge by 91.8%, with a market value reaching $26 billion

LB Select

NVIDIA

Microsoft

Alphabet

Apple

Alphabet - C

Amazon

NASDAQ-100

Direxion Semicon Bull 3X

GraniteShares 2x Long NVDA Daily ETF

Bought Nvidia and made a full pot, becoming the third largest holding stock of the Norwegian Wealth Fund