News

Folketrygdfondet delivered a return of 7.4 percent in the Government Pension Fund Norway (GPFN), corresponding to NOK 31.4 billion, and invested capital was NOK 440.1 billion at the end of the first half of the year. The Government Fund in Tromsø (GFT) delivered a return of -5.4 percent, corresponding to NOK -0.8 billion, and invested capital was NOK 14.7 billion at the end of the first half of the year.

As U.S. authorities move to eliminate quarterly reporting, this could open the door for its removal in the Nordic region as well. The EU allowed this in 2017, but we believe quarterly reporting belongs in Nordic stock markets.

Folketrygdfondet delivered a return of 9.7 per cent in the Government Pension Fund Norway (GPFN), equivalent to NOK 40.1 billion, and invested capital was NOK 453.7 billion in the first quarter of 2026. The Government Fund Tromsø (GFT) recorded a return of -10.4 per cent, corresponding to a loss of NOK 1.6 billion, and invested capital of NOK 13.9 billion at the end of the quarter.

Folketrygdfondet delivered positive returns and outperformance in both the Government Pension Fund Norway and the Government Fund in Tromsø in 2025. The total result was a record-high NOK 47.9 billion, and the invested capital amounted to NOK 429 billion at the end of the year. 

The new strategy applies to the period 2026–2029 and sets clear ambitions for the management of our two Nordic funds. 

Folketrygdfondet is the largest institutional investor on the Oslo Stock Exchange and is among the three largest shareholders in 48 companies. We have now updated our expectations document, which forms the basis for our responsible investment practices.

The Government Pension Fund Norway, managed by Folketrygdfondet, achieved a result of NOK 4 billion in the third quarter of 2025. This corresponds to a return of 1.0 percent. The fund’s capital was NOK 407 billion at the end of the quarter.

The Government Pension Fund Norway, managed by Folketrygdfondet, achieved a result of NOK 31 billion in the first half of 2025. This corresponds to a return of 8.31 percent. The fund capital stood at NOK 405 billion at the end of the half-year.

The Government Pension Fund Norway, managed by Folketrygdfondet, achieved a result of 11 billion NOK in the first quarter of 2025. This corresponds to a return of 2.93 percent. The fund's capital was 389 billion NOK at the end of the quarte

Government Pension Fund Norway, managed by Folketrygdfondet, recorded a profit of NOK 27 billion in 2024, corresponding to a return of 7.6%. At the end of the year, the fund's capital stood at NOK 381 billion.

In June 2024, the Norwegian Parliament passed the law establishing Statens fond i Tromsø. Now, the new fund has welcomed its first three employees and opened its office in Tromsø.

The government re-established the Government Bond Fund (SOF) in March 2020 as a measure to ensure Norwegian companies’ access to liquidity during the COVID-19 pandemic. The fund has now been completed within the approved timeline.

Would you like to help strengthen the financial sector in Tromsø? The Norwegian Parliament has passed the law establishing the State Fund in Tromsø, and recruitment for key positions at the new fund is now underway. The fund will start with a capital of NOK 15 billion, with the potential to double after gaining some experience.

The Government Pension Fund Norway, managed by Folketrygdfondet, posted a result of NOK 24.7 billion in the first half of the year, equivalent to a return of 6.97%. The capital stood at NOK 379 billion at the end of the period.

The new fund will invest in Nordic small-cap listed companies. The initial capital will be NOK 15 billion, with the potential to increase to NOK 30 billion as experience is gained.

New disclosure rules were introduced in the fall of 2022. The purpose is to contribute to increased transparency in the market, but it has also led to more frequent dicslosure notifications - this is the reason.

The Government Pension Fund Norway, managed by Folketrygdfondet, achieved a result of 36 billion kroner in 2023. This corresponds to a return of 11.40 percent. The fund's capital was 354 billion kroner at the end of the year.

The Ministry of Finance has made two changes to the mandate for the management of the Government Pension Fund Norway (GPFN) regarding the handling of unlisted instruments allocated to the portfolio.

The fund will invest in Nordic listed stocks not included in the reference index of the Government Pension Fund Norway. The fund's management capital is estimated to be between 15-30 billion Norwegian kroner.

Aleksander Lee Olsen (33) will assume the role of Communications Director on January 2, 2024, becoming a part of the executive team.

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a return of 2.84 per cent in the third quarter 2023. The capital amounted to NOK 340 billion at the end of the quarter.

Folketrygdfondet’s recommendation to the Ministry of Finance is that the potential new asset management unit in Tromsø should invest in those parts of the Nordic listed equities markets that are not included in the equity benchmark index for equities for the Government Pension Fund Norway (GPFN).

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a return of 0.89 per cent in the second quarter 2023. That corresponds to NOK 3 billion. The capital amounted to NOK 331 billion at the end of the quarter.

Remuneration of executive personnel and board composition were key issues this general meeting season. In total, we have voted against 77 board proposals this spring.

The Ministry of Finance has appointed Morten Borge as a new member of Folketrygdfondet’s Board of Directors. Siri Teigum has been reappointed as Chair and Tørres Trovik as board member, while Einar Westby and Trond Døskeland will leave the Board.

The return to the Government Pension Fund Norway (SPN), ownership follow-up and the proposal for a new asset management unit in Tromsø were among the issues discussed at the Storting’s annual hearing on the Government Pension Fund.

The Ministry of Finance has asked Folketrygdfondet to submit a proposal for a new asset management unit in Tromsø. ‘A vote of confidence in Folketrygdfondet’s track record as an asset manager,’ says Kjetil Houg, CEO of Folketrygdfondet.

Folketrygdfondet has beaten the market by 1 percentage point annually since 2007. "Our report on risk-adjusted return shows that this is not due to coincidence," says financial analyst Joakim Kvamvold.

The Government Pension Fund Norway, which Folketrygdfondet manages, recorded a loss of NOK 15 billion in 2022. The return was -4.4 per cent. The capital amounted to NOK 318 billion at year-end.

Karl CW Mathisen (44) will start as the new Chief Investment Officer Equities at Folketrygdfondet on 1 February 2023.