
Amid the ongoing tech rout, Norges Bank made some cosmetic moves on its tech investments, barring a few liquidations and stake builds.
Norges Quits Facebook: Norges Bank, which operates the Oil Fund, exited its position in Meta Platforms, Inc. (NASDAQ:META). The biggest sovereign wealth fund also sold about three-fourths of its holdings each in Alibaba Group Holding, Inc. (NYSE:BABA) and Nvidia Corporation (NASDAQ:NVDA).