Norway's sovereign wealth fund earned $247 billion in 2025
Norway's sovereign wealth fund earned a return on investment in 2025 of 15.1%, or 2.36 trillion crowns ($247.42 billion), Norges Bank Investment Management said on Thursday.
ground.newsHere are the latest publicly reported items about Norway’s sovereign wealth fund (NBIM) based on recent coverage:
-
The fund posted strong gains in 2025, with a reported return around 15.1% and an overall value near 21.3 trillion kroner, driven mainly by equities. This marked one of the fund’s best annual performances in recent years.[1]
-
In Q3 2025, the fund reported a substantial quarterly return, around 1.03 trillion kroner, supported by holdings in basic materials, telecommunications, and financials, and the fund’s total value stood around 20.4 trillion kroner at that time.[2]
-
There have been ongoing discussions and reviews of the fund’s investment framework, including potential updates to its rules and approaches in light of geopolitical and ethical considerations, with government officials signaling a formal review.[3]
-
The fund has also faced scrutiny and policy debates in other markets, including discussions around divestments and geopolitical risk management, reflecting broader public and political interest in its holdings.[6][8]
If you’d like, I can pull the most current article summaries or create a quick timeline map of the fund’s notable moves in 2024–2026, and I can also assemble a short glossary of key NBIM terms and what they mean for governance and returns. Would you like a concise press-clips digest or a visual timeline?[1][2][3]