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Utopia Talk / Politics / jerguls rolling in cheese
murder
rank
Wed Aug 12 11:56:29
World’s largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time

* Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday.

* It also disclosed it holds a 0.05% stake in SpaceX, valued at around $1.2 billion.

Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%.

Norges Bank Investment Management (NBIM) manages the fund, which was set up in the 1990s to invest revenues from the country’s oil and gas industry. The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across more than 50 countries and has stakes in around 1.5% of the world’s publicly listed stocks.

Its profit for the first six months of the year came in at more than 1.75 trillion Norwegian kroner, or around $184.9 billion.

Read the rest here: https://ww...-spacex-nvidia-apple-nbim.html
jergul
rank
Wed Aug 12 13:34:16
The oil fund is underexposed is spacex thank god. It owns about 2% of listed US stocks, so 0,05 is only a quarter of what it would typically hold after we adjust for only 10% of spacex stock available for trading.
jergul
rank
Wed Aug 12 13:35:59
Ownership fractions are updated every 6 months. There is a running tally on the oil fund size that updates by the second.
jergul
rank
Wed Aug 12 13:37:12
https://www.nbim.no/en/

The link is not the flex you would think. You can watch to fund decrease in size in real time :D
jergul
rank
Wed Aug 12 13:40:03
You can see that about one third of the inflows (net funding transferred into the fund from state budgets) takes place after the Russian invasion of Ukraine.
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