The Great Distortion: 1,500 Stocks Vs. The Magnificent 7 In Norway's Massive U.S. Equity Portfolio
Benzinga
Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, holds 1,577 U.S. stocks but concentrates nearly 30% ($280 billion) of its $935 billion portfolio in just seven mega-cap tech companies. Nvidia leads with a $62 billion position, while Apple and Microsoft each exceed $50 billion. This extreme concentration reveals how market leadership has narrowed dramatically, with institutional capital crowding into AI and cloud giants while traditional sectors like energy and ...
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