Via Business Insider: The gigantic sovereign wealth fund of Norway passed a milestone this week. Its market value reached one trillion dollars for the first time on Tuesday. Statens pensjonsfond utland, as it is called in Norway, is actively managed and invests in a wide range of asset classes. The fund is betting heavily on stocks, which accounts for almost two-thirds of the portfolio (65.1 percent). The rest is divided between fixed-income (32.4 percent) and unlisted real estate (2.5 percent). Perhaps Norway should send a thank you letter to Apple after reaching the one trillion dollar mark. It has contributed a lot during a successful year, while the stock has gone from being the third largest position to number one. In August, the fund released its report for the second quarter of the year where one can find the largest stock holdings. Here are the top 10 stock holdings (as of June 30th): 1. Apple. Total market value of Norway’s stake: 58.2 billion kroner (USD 7.5 billion). Silicon Valley’s most iconic company has increased its market value by a whopping 38 percent in one year. Now, hopes are high for the upcoming models Iphone 8 and Iphone X. 2. Nestle. Total market value of Norway’s stake: 50.6 billion krone (USD 6.5 billion). Swiss food and drink company and owner of global brands such as Nespresso, Smarties and Kit Kat. 3. Alphabet. Total market value of Norway’s stake: 42.7 billion krone (USD 5.5 billion). Google’s mother company which together with Facebook dominate online advertising. 4. Royal Dutch Shell. Total market value of Norway’s stake: 40.1 billion krone (USD 5.1 billion). Ranked as one of six “supermajor” oil companies in the world and headquartered in the Netherlands. 5. Microsoft. Total market value of Norway’s stake: 39.3 billion krone (USD 5.0 billion). The late 1990-s biggest company by market cap is now one of Apple’s toughest competitors. 6. Novartis. Total market value of Norway’s stake: 37.4 billion krone (USD 4.8 billion). The Swiss pharmaceutical company is one of the largest pharmaceutical companies and manufacturer of well-known drugs, including Ritalin and Lamisil. 7. Roche Holding. Total market value of Norway’s stake: 35.6 billion krone (USD 4.6 billion). Also a Swiss multinational pharma company known for drugs such as Valium and Rohypnol. 8. Amazon. Total market value of Norway’s stake: 29.7 billion krone (USD 3.8 billion). Jeff Bezo’s startup has grown to become the largest online retailer in the world. 9. HSBC. Total market value of Norway’s stake: 28.5 billion krone (USD 3.7 billion). British multinational bank with 4,000 offices in 70 countries. 10. Johnson & Johnson. Total market value of Norway’s stake: 26.9 billion krone (USD 3.5 billion). Global pharmaceutical consumer goods company based in New Jersey.