World's biggest sovereign wealth fund saw $247B earnings in 2025

By Mucahithan Avcioglu

ISTANBUL (AA) - Norway's $2 trillion sovereign wealth fund reported a profit of 2.36 trillion Norwegian kroners ($247 billion) in 2025, due to rising tech, financial, and mining sectors, its management team announced on Thursday.

The fund's entire worth was $2.2 trillion at the end of the previous year. In 2025, the fund's value rose by around $159.2 billion.

The fund's return on investment in 2025 was 15.1%, or 0.28 percentage points less than that of its benchmark index, which was determined by the nation's finance minister.

Approximately 71% of the fund's interests were in stocks, which yielded a 19.3% return last year.

The fund is managed by Norges Bank Investment Management (NBIM) on behalf of the Norwegian people. Currently investing in over 7,000 businesses in 60 countries, the fund was established in the 1990s to invest surplus profits from Norway's oil and gas sector.

A 1.3% interest in Nvidia, a 1.2% stake in Apple, and a 1.3% stake in Microsoft are among its most significant investments.

“The fund delivered very strong results in 2025. Stocks in technology, financials and basic materials stood out, making a significant contribution to the overall return”, says Nicolai Tangen, CEO of Norges Bank Investment Management.