The Oil Fund, through the ages

A retrospective

Norway's sovereign fund MMI — MMXXV

Market value · as of Dec 31

2025

+13.1% YoY

19 742bn NOK

≈ 1 824 bn USD · 6 312 companies

Countries

Currencies

Return

+13.1%

Global ownership

1.52%

Asset allocation

Equities 71% Fixed income 26.5% Real estate 2.5%

Find a company

Top countries by share

Year in brief

2025

Rekordår drevet av tek

Fondet runder 19 000 milliarder kroner med sterk avkastning fra amerikanske teknologiselskaper.

Country profile

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2025 —

Value

—bn NOK

—

Of fund

—

Companies

—

Assets in this country

Historical exposure · bn NOK

20012025

Sectors · 2025

Top companies · 2025

Source: Norges Bank Investment Management ·

Globe · 2001–2025

NBIM · 2025

Investment by country · bn NOKHeatmap

0505005 000

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↔ Drag

2025 2001 → 2025