Sensor Sverige Select Fund Posts 0.6% Gain in July, Underperforms Benchmark Index

Sensor Sverige Select fund gained 0.6% in July, underperforming its benchmark index. The reporting season was intense, with weaker profits and sales compared to last year. Despite this, profit and sales developments were in line with analysts' expectations. The managers remain positive on Volvo, citing positive signals in its report and considering it a bottom level for results. The fund's equity market exposure stood at 60%, with Cibus, Nordea, and Swedbank as its largest holdings.

Norway's Sovereign Wealth Fund, Norges Bank Investment Management (NBIM), has substantially increased its indirect exposure to Bitcoin (BTC) in the first half of 2025. According to Vetle Lunde, senior analyst at K33 Research, NBIM's Bitcoin stake has grown to 7,161 BTC, valued at approximately $844 million at current market prices [1].

The increase in exposure is notable, as it represents a 192% year-on-year increase. At the end of 2024, NBIM's BTC holdings stood at 3,821 BTC, but this figure surged by 3,340 BTC in the first half of 2025. The primary drivers of this increase include significant positions in core treasury vehicles such as Strategy and Marathon Digital, which are among the leading public companies with the largest BTC reserves [1].

Strategy currently holds 628,946 BTC, while Marathon Digital holds 50,000 BTC. Combined, these two companies own more than 3% of Bitcoin's total supply, valued at over $81 billion at current market prices. For NBIM, Strategy added 3,005.5 BTC to its indirect exposure, while Marathon Digital contributed 216.4 BTC [1].

Other notable contributors to NBIM's indirect BTC exposure include Block (85.1 BTC), Coinbase (57.2 BTC), Metaplanet (50.8 BTC), and GameStop (33 BTC). Conversely, Riot Platforms reduced exposure by 76.7 BTC [1].

This trend of increased Bitcoin adoption among institutional investors and corporate treasuries is evident. Several companies have announced new fundraising initiatives aimed at increasing their BTC holdings. Turkish mobility app Marti Technologies revealed plans to hold 20% of its total cash reserves in BTC, and UK-based Satsuma Technology also pledged to expand its Bitcoin position. Galaxy Digital recently increased its Bitcoin holdings by 4,272 BTC while reducing its exposure to Ethereum (ETH) [1].

As of July 2, 2025, Bitcoin trades at $119,810, down 0.5% in the past 24 hours [1].

References:
[1] https://bitcoinist.com/norway-wealth-fund-indirect-bitcoin-844-million-192/