The result is driven by good returns in the equity marketThe fund owns on average 1.5 per cent of all listed companies globally, making it the world’s largest single investor. PHOTO: REUTERS[ARENDAL, Norway] Norway’s US$2.3 trillion sovereign wealth fund, the world’s largest, posted a record profit of 1.75 trillion Norwegian crowns (US$184.3 billion) for the first half of the year, lifted by technology stocks, it said on Wednesday (Aug 12). Investing the Norwegian state’s revenues from oil and gas production, the fund owns on average 1.5 per cent of all listed companies globally, making it the world’s largest single investor. It held a 1.28 per cent stake worth US$62 billion in Nvidia, a 1.24 per cent stake worth US$52 billion in Apple, a 1.17 per cent stake worth US$50 billion in Alphabet, a 1.27 per cent stake worth US$35 billion in Microsoft and a 1.7 per cent stake worth US$34 billion in Taiwan Semiconductor Manufacturing, fund data showed. Overall the fund is invested in around 7,100 companies globally.