Technology, financial and commodity stocks contributed the most to the return, which ended up marginally below the index the fund uses for comparison.
Exposure to US tech companies has decreased, but holdings such as Nvidia, Apple, Microsoft, Alphabet and Amazon remain in the portfolio.
Norway's so-called oil fund, which owns 1.5 percent of the world's stock markets, has been built up since the early 1990s from revenues from the Norwegian oil industry.
In addition to shares in 7,200 listed companies, the portfolio includes bonds, real estate and infrastructure and is now valued at approximately 21 trillion (21,000,000,000,000) Norwegian kroner.
