World's largest sovereign fund cuts holdings in Meta, Novo Nordisk and ASML in H1

2024-08-14 10:08:28

Asia Tech Wire (Aug 14) -- The Government Pension Fund of Norway, the world's largest sovereign wealth fund, disclosed its latest position data on its official website on Tuesday.

The fund reduced its holdings of Google, Meta Platforms, Novo Nordisk and ASML in the first half of 2024, with Nestlé exiting its top 10 positions.

In addition, the fund added small positions in Microsoft, Apple, Amazon, and TSMC, with Eli Lilly new to its top 10 holdings.

The Norwegian fund said it realized an investment return of 8.6% or $138 billion in the first half of the year.

Norway

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