As individual you are often very selective because you have a limited amount of funds, but then you think about some of the institutional investors and wonder what would it like to have that kind of money. It often turns out, the big guys have the same holdings as you, they just own a lot more shares.

In an article by Gwaldys Fouche of Reuters, the biggest wealth fund in the world belongs to Norway. Off the coast of Norway is the North Sea and under it is oil and gas. The people of Norway have very easy rules in getting most of the oil and gas revenues into the fund but have very distinct and hard rules in getting money out. Unlike many jurisdictions around the world where pet projects, election ideas and a ” chicken in every pot” have meant limited funds in their wealth funds, Norway has the largest fund and it grows every year.

The Norway fund has $2.3 trillion in assets under administration (AUM) and is generally the biggest institutional investor in most stocks. The fund owns an average of 1.5% of all listed stocks globally and owns 7,100 stocks.

SpaceX the company owns 0.05% or $1.22 billion. Other large holdings include: Nvidia 1.28% or $62 billion; Apple 1.24% or $52 billion; Alphabet 1.17% or $50 billion; Microsoft 1.27% or $35 billion; Taiwan Semiconductor Manufacturing 1.7% or $34 billion fund data showed.

Linking to dividend paying stocks, the easier part is to buy and hopefully over the year and years the value increases, the hard part is how much do you take out and when? In Norway, they are thinking of the great-great grandchildren of the today’s citizens or a very long horizon. That decision has been debated on a regular basis because people see the money and there are always needs and wants. The fund restrictions the amount of money it can go to the budget to replace other taxes. For your portfolio you need to decide what is the money for? addition to retirement? rollover to buy more shares? add to your lifestyle? donations? and the list is endless, the money is not, so you need to learn meaningful discipline.

There are more questions than answers, till the next time – to raising questions.