As of January 1 of this year, the total value of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) investments in shares of companies operating in the telecommunications and information technology sector amounted to 8 billion 986 million 116 thousand manats.
“Elchi” reports this, citing the Fund’s financial statement. During the reporting period, the value of these investments increased by 18.8% compared to January 1, 2025.
Last year, 7 companies representing the telecommunications and information technology sector were among SOFAZ’s top 10 largest share investments. For comparison, in 2024, there were 5 companies from this sector in this list.
The Fund’s largest investment in this sector is directed towards the shares of “NVIDIA Corporation” (NVDA). The value of funds invested in this company’s shares was 1 billion 334 million 954 thousand manats, which is 41% more than the 2024 figure.
Second place is occupied by “Apple Inc.” (AAPL) with an investment of 1 billion 188 million 649 thousand manats. The company was not included in SOFAZ’s top 10 largest share investments list in 2024.
The top three is completed by “Microsoft Corporation” (MSFT) with an investment of 1 billion 6 million 143 thousand manats. The value of funds invested in this company’s shares increased by 17.5% year-on-year.
The volume of investments in other technology companies was as follows: “Alphabet Inc.” (GOOGL, GOOG) – 988 million 271 thousand manats (+ 66%), “Broadcom Inc.” (AVGO) – 456 million 727 thousand manats (+55%), “Meta Platforms, Inc.” (META) – 422 million 56 thousand manats (+14.5%), “ASML Holding NV” (ASML) – 257 million 866 thousand manats (was not included in the TOP-10 in 2024).