Overview

• Norway's $1.7 trillion sovereign wealth fund recorded a first-quarter loss of 415 billion kroner ($39.72 billion), primarily due to tech sector weakness.
• Equity investments, which make up 70% of the fund’s portfolio, posted a 1.6% loss during the quarter.
• Significant market fluctuations and a strengthening Norwegian krone contributed to the fund’s challenges, reducing its value by 879 billion kroner through currency shifts.
• The fund’s total market value stood at 18.53 trillion kroner at the end of March 2025.
• Norges Bank Investment Management, which manages the fund, highlighted the impact of global market conditions on its diverse portfolio, including equities, bonds, and real estate.