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Fortune

Ryan Hogg

Norway oil fund CEO, which owns $173 of Magnificent 7, says to sell U.S. tech stocks

Nicolai Tangen Oil China

Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2025. (Credit: Stefan Wermuth/Bloomberg via Getty Images)

Nicolai Tangen, the boss of the world’s largest sovereign wealth fund, worth around $1.8 trillion, is never far away from an eager investor keen for advice on how to beat the market.

While it may not be advice he is necessarily following himself, Tangen’s latest tip is to diverge from the crowd.

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