Norway’s sovereign wealth fund posts $247B profit in 2025

Norway’s sovereign wealth fund made a profit of 2.36 trillion crowns ($247 billion) in 2025

Norway’s sovereign wealth fund posted a profit of 2.36 trillion crowns ($247 billion) last year, supported by strong performances in technology and financial stocks.

According to Norges Bank Investment Management, which operates the fund, total assets stood at about 21.27 trillion crowns ($2.2 trillion) at the end of 2025, with an annual return of 15.1%.

Chief Executive Nicolai Tangen said in a statement on Thursday that technology, financial services, and basic materials stocks were the largest contributors to the fund’s strong performance over the past year.

Data showed the fund’s holdings of US Treasuries rose to $199 billion by the end of 2025, accounting for 9.4% of its total assets, continuing an upward trend seen in recent years.

The fund’s equity portfolio recorded a return of 19.3% last year, compared with 5.4% for fixed-income investments, while unlisted real estate assets delivered a return of 4.4%.