Norges Bank Investment Management, the world’s single-biggest owner of publicly traded stocks, increased its holdings in Apple, Microsoft and Nvidia from a year earlier, according to a list of holdings the fund published on its website.
NBIM also increased its positions in Alphabet, Amazon.com, Meta Platforms, Broadcom and Taiwan Semiconductor Manufacturing Co. from the end of 2023.
Created in the 1990s to invest Norway’s oil and gas revenues abroad, the fund largely tracks a benchmark index based on a framework handed down by parliament. It is due to release key figures for 2024 on Wednesday morning.
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The fund’s 1.22% stake in Apple was valued at about US$46.2 billion at the end of last year, while the stake in Microsoft was worth about US$43.8 billion.
It owned stakes in more than 8,000 companies worldwide, with 71.4% of all investments in equities. It added to its position in Exxon Mobil and Chevron, while trimming holdings in Shell and TotalEnergies.
Chart: Bloomberg
