Hacker News Reader

Updated: 1.3%

Edit: Oops, I misunderstood a question. Actually further in PDF they specify that US specifically is 39%, which is roughly 400 billion. If we go by this number of total capitalization of the US stocks being 30 trillion, then Norwegian oil fund owns 0.4/30 which is 1.3%

View on HN

The quote is:

> North American stocks returned 14.6 percent and amounted to 41.4 percent of the equity portfolio.

That's to say 41% of their equities are North American stocks, not that they own 41% of all North American stocks!

41% of all US stocks would be about $13 Trillion

That's the percentage of the fund that is invested in US stocks. It is not the percentage of stocks that the fund holds.

Reply on news.ycombinator.com