Norway’s $1.7 Trillion Fund Trims Meta, Novo and ASML Stakes
- Sovereign wealth fund releases updated list of equity holdings
- Apple, Microsoft and Nvidia are now its top three investments
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Norway’s $1.7 trillion sovereign wealth fund pared its stakes in Meta Platforms Inc., Novo Nordisk A/S and ASML Holding NV — all among its top 10 holdings — during the first half of the year.
Norges Bank Investment Management cut its Meta ownership to 1.18% — worth about $15.1 billion as of midyear — from 1.22% at the end of 2023, according to an updated list of investments published Tuesday. The fund held a 1.75% stake in Novo at midyear, down from 1.87% on Dec. 31, while its holding in ASML dropped to 2.54% from 2.61% over the same span.