🇳🇴NORWAY’S WEALTH FUND SMASHES PROFIT RECORD Norway’s $2.3 trillion sovereign wealth fund posted a record $184.3 billion first-half profit, driven largely by Asian technology stocks. The world’s biggest investor owns stakes in around 7,100 companies, including Nvidia, Apple, Alphabet, Microsoft and TSMC. But concentration risk is rising: its top 10 holdings now represent 20% of the fund. CEO Nicolai Tangen highlighted the growing dependence on chipmakers, warning: “We’ve never seen such concentration before.”(*Walter Bloomberg)