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Not Investment Advice
Asset Manager ← All Institutions

National Pension Service

Q3 2025 · Filed 2025-11-04
Market Value
$128.6B
+11.2%
Holdings
563
+27
New Purchases
35
Added To
489
Closed
18
Reduced
6
Top 10 Concentration
35.7%
Turnover
9.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 7.19% 6.36% +0.83% $9.2B
AAPL 5.88% 5.11% +0.77% $7.6B
GOOGL 2.26% 1.76% +0.49% $2.9B
TSLA 1.96% 1.52% +0.45% $2.5B
GOOG 1.93% 1.51% +0.41% $2.5B
INFO 0.46% 0.05% +0.41% $586M
TGRW 0.56% 0.15% +0.41% $720M
LSVD 0.40% 0.00% +0.40% $511M
AVGO 2.27% 2.04% +0.23% $2.9B
APP 0.47% 0.24% +0.23% $598M
ORCL 0.75% 0.63% +0.12% $971M
PLTR 0.63% 0.51% +0.12% $816M
ABBV 0.71% 0.61% +0.10% $911M
ANET 0.35% 0.27% +0.08% $451M
JNJ 0.71% 0.63% +0.08% $913M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PBUS 2.47% 3.80% -1.33% $3.2B
AMZN 3.23% 3.48% -0.25% $4.2B
META 2.55% 2.76% -0.21% $3.3B
NFLX 0.86% 1.04% -0.18% $1.1B
MSFT 5.75% 5.88% -0.12% $7.4B
COST 0.72% 0.83% -0.11% $923M
V 0.86% 0.96% -0.10% $1.1B
PM 0.48% 0.58% -0.10% $618M
CRM 0.41% 0.51% -0.10% $523M
LLY 0.94% 1.04% -0.10% $1.2B
INTU 0.36% 0.45% -0.09% $459M
ACN 0.26% 0.34% -0.08% $332M
ISRG 0.25% 0.32% -0.08% $315M
PG 0.60% 0.67% -0.07% $773M
KO 0.46% 0.53% -0.07% $589M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $75.5B 58.7%
Large Cap 471 $50.4B 39.1%
Mid Cap 31 $455M 0.4%
Small Cap 6 $2.3B 1.8%

Portfolio Analytics

Avg Market Cap
$132.9B
Median Market Cap
$37.0B
Avg P/E
33.5
Median P/E
25.0
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
555
# ETFs / Funds
8

Top Holdings (563 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.19% 49,553,761 $9.2B $186.58 $1.9B +3,018,494 +6.5%
2 AAPL 5.88% 29,726,955 $7.6B $254.63 $1.7B +912,970 +3.2%
3 MSFT 5.75% 14,288,881 $7.4B $517.95 $604M +624,236 +4.6%
4 AMZN 3.23% 18,939,183 $4.2B $219.57 $132M +586,297 +3.2%
5 META 2.55% 4,470,199 $3.3B $734.38 $86M +138,570 +3.2%
6 PBUS 2.47% 47,382,366 $3.2B $67.05 -$1.2B -23,249,419 -32.9%
7 AVGO 2.27% 8,860,165 $2.9B $329.91 $557M +278,168 +3.2%
8 GOOGL 2.26% 11,947,797 $2.9B $243.10 $863M +363,295 +3.1%
9 IVV 2.14% 4,119,355 $2.8B $669.25 $200M
10 TSLA 1.96% 5,681,563 $2.5B $444.72 $774M +164,227 +3.0%
11 GOOG 1.93% 10,185,776 $2.5B $243.55 $729M +313,150 +3.2%
12 JPM 1.34% 5,450,875 $1.7B $315.43 $191M +178,885 +3.4%
13 BRK-B 1.00% 2,547,108 $1.3B $502.74 $81M +77,574 +3.1%
14 LLY 0.94% 1,592,232 $1.2B $763.00 $12M +48,994 +3.2%
15 NFLX 0.86% 927,368 $1.1B $1,198.92 -$93M +27,884 +3.1%
16 V 0.86% 3,233,527 $1.1B $341.38 -$10M +96,979 +3.1%
17 XOM 0.81% 9,217,615 $1.0B $112.75 $75M +275,625 +3.1%
18 ORCL 0.75% 3,451,215 $971M $281.24 $239M +102,552 +3.1%
19 WMT 0.73% 9,160,741 $944M $103.06 $76M +280,762 +3.2%
20 COST 0.72% 997,577 $923M $925.63 -$38M +26,542 +2.7%
21 JNJ 0.71% 4,926,569 $913M $185.42 $184M +151,707 +3.2%
22 ABBV 0.71% 3,934,720 $911M $231.54 $202M +114,270 +3.0%
23 MA 0.70% 1,574,341 $896M $568.81 $41M +54,551 +3.6%
24 HD 0.65% 2,066,276 $837M $405.19 $101M +58,887 +2.9%
25 PLTR 0.63% 4,475,175 $816M $182.42 $221M +107,922 +2.5%
26 PG 0.60% 5,030,147 $773M $153.65 -$6M +140,924 +2.9%
27 TGRW 0.56% 15,814,477 $720M $45.55 $542M +11,568,700 +272.5%
28 GE 0.56% 2,391,681 $719M $300.82 $120M +63,097 +2.7%
29 BAC 0.56% 13,878,478 $716M $51.59 $77M +366,102 +2.7%
30 UNH 0.50% 1,876,774 $648M $345.30 $79M +54,017 +3.0%
31 CSCO 0.50% 9,323,224 $638M $68.42 $10M +273,795 +3.0%
32 IBM 0.49% 2,241,113 $632M $282.16 -$10M +63,087 +2.9%
33 PM 0.48% 3,810,514 $618M $162.20 -$58M +98,450 +2.6%
34 CVX 0.48% 3,940,671 $612M $155.29 $116M +478,731 +13.8%
35 APP 0.47% 832,426 $598M $718.54 $321M +42,155 +5.3%
36 KO 0.46% 8,888,237 $589M $66.32 -$24M +222,008 +2.6%
37 INFO 0.46% 24,565,625 $586M $23.85 $533M +22,153,301 +918.3%
38 WFC 0.43% 6,635,396 $556M $83.82 $42M +218,361 +3.4%
39 AMD 0.42% 3,377,037 $546M $161.79 $80M +90,762 +2.8%
40 GS 0.41% 665,794 $530M $796.35 $73M +19,796 +3.1%
41 CRM 0.41% 2,207,190 $523M $237.00 -$65M +51,492 +2.4%
42 LSVD 0.40% 18,162,000 $511M $28.15 +18,162,000 NEW
43 DIS 0.40% 4,454,425 $510M $114.50 -$31M +92,290 +2.1%
44 CAT 0.38% 1,025,256 $489M $477.15 $103M +30,953 +3.1%
45 MRK 0.37% 5,707,385 $479M $83.93 $41M +175,582 +3.2%
46 ABT 0.37% 3,565,794 $478M $133.94 $6M +97,016 +2.8%
47 T 0.37% 16,902,567 $477M $28.24 $6M +631,764 +3.9%
48 MU 0.37% 2,815,509 $471M $167.32 $139M +117,862 +4.4%
49 LRCX 0.37% 3,518,046 $471M $133.90 $138M +96,382 +2.8%
50 RTX 0.37% 2,808,284 $470M $167.33 $71M +76,877 +2.8%
51 MCD 0.36% 1,533,015 $466M $303.89 $29M +37,744 +2.5%
52 AMAT 0.36% 2,257,690 $462M $204.74 $59M +56,147 +2.5%
53 LIN 0.36% 967,516 $460M $475.00 $17M +24,624 +2.6%
54 INTU 0.36% 672,060 $459M $682.91 -$58M +16,170 +2.5%
55 BKNG 0.35% 84,144 $454M $5,399.27 -$20M +2,294 +2.8%
56 ANET 0.35% 3,095,191 $451M $145.71 $141M +68,479 +2.3%
57 QCOM 0.34% 2,645,267 $440M $166.36 $33M +88,418 +3.5%
58 UBER 0.34% 4,439,421 $435M $97.97 $32M +122,307 +2.8%
59 VZ 0.34% 9,878,922 $434M $43.95 $20M +309,762 +3.2%
60 PEP 0.33% 3,066,888 $431M $140.44 $36M +80,153 +2.7%
61 MS 0.33% 2,666,076 $424M $158.96 $59M +73,390 +2.8%
62 APH 0.32% 3,357,299 $415M $123.75 $91M +76,358 +2.3%
63 C 0.32% 4,044,632 $411M $101.50 $78M +143,807 +3.7%
64 EWP 0.31% 8,092,278 $401M $49.52 $44M
65 TSPA 0.31% 9,513,375 $399M $41.91 $29M
66 KLAC 0.31% 367,909 $397M $1,078.60 $75M +9,117 +2.5%
67 TMO 0.31% 817,341 $396M $485.02 $73M +20,039 +2.5%
68 AXP 0.30% 1,157,113 $384M $332.16 $26M +35,016 +3.1%
69 NOW 0.30% 412,519 $380M $920.28 -$34M +9,707 +2.4%
70 GILD 0.29% 3,370,643 $374M $111.00 $13M +109,230 +3.4%
71 SCHW 0.29% 3,900,193 $372M $95.47 $22M +60,174 +1.6%
72 NEM 0.29% 4,354,264 $367M $84.31 $120M +114,949 +2.7%
73 NEE 0.28% 4,845,447 $366M $75.49 $34M +60,324 +1.3%
74 TJX 0.28% 2,522,392 $365M $144.54 $61M +67,940 +2.8%
75 PGR 0.28% 1,449,357 $358M $246.95 -$18M +40,586 +2.9%
76 BLK 0.28% 306,899 $358M $1,165.87 $45M +9,073 +3.0%
77 TXN 0.28% 1,947,343 $358M $183.73 -$37M +47,906 +2.5%
78 PANW 0.27% 1,725,100 $351M $203.62 $6M +38,138 +2.3%
79 CEG 0.27% 1,055,970 $347M $329.07 $12M +17,826 +1.7%
80 BSX 0.26% 3,465,206 $338M $97.63 -$24M +89,273 +2.6%
81 ADBE 0.26% 951,737 $336M $352.75 -$22M +26,274 +2.8%
82 AMGN 0.26% 1,184,060 $334M $282.20 $14M +37,747 +3.3%
83 INTC 0.26% 9,947,651 $334M $33.55 $114M +149,162 +1.5%
84 ACN 0.26% 1,344,740 $332M $246.60 -$60M +35,275 +2.7%
85 ADI 0.26% 1,347,535 $331M $245.70 $16M +24,392 +1.8%
86 COF 0.26% 1,552,736 $330M $212.58 $12M +59,100 +4.0%
87 BA 0.26% 1,528,223 $330M $215.83 $13M +15,162 +1.0%
88 PFE 0.26% 12,940,893 $330M $25.48 $27M +441,539 +3.5%
89 LOW 0.25% 1,286,782 $323M $251.31 $45M +33,686 +2.7%
90 ISRG 0.25% 705,045 $315M $447.23 -$56M +22,468 +3.3%
91 MO 0.24% 4,716,259 $312M $66.06 $48M +215,694 +4.8%
92 UNP 0.24% 1,300,711 $307M $236.37 $16M +32,195 +2.5%
93 COP 0.24% 3,237,086 $306M $94.59 $22M +68,227 +2.1%
94 RCL 0.24% 941,800 $305M $323.58 $15M +15,209 +1.6%
95 GEV 0.23% 490,434 $302M $614.90 $44M +3,294 +0.7%
96 CVS 0.23% 3,999,622 $302M $75.39 $34M +119,189 +3.1%
97 WELL 0.23% 1,691,931 $301M $178.14 $47M +34,532 +2.1%
98 MCK 0.23% 387,456 $299M $772.54 $23M +10,678 +2.8%
99 SPGI 0.23% 607,355 $296M $486.71 -$15M +18,397 +3.1%
100 MELI 0.23% 125,090 $292M $2,336.94 -$29M +2,207 +1.8%

New Positions

SymbolValue% Port
LSVD $511M 0.40%
INCY $2M —%
DOCU $2M —%
ULTA $2M —%
NTRA $1M —%
RDDT $1M —%
NBIX $1M —%
DVA $1M —%
LVS $1M —%
DAL $1M —%
TAP $809K —%
NTNX $786K —%
PKI $699K —%
TWLO $653K —%
UAL $642K —%

Sold Out Positions

SymbolValue% Port
ALB —%
EMN —%
AVTR —%
WTRG —%
AMTM —%
BEKE —%
CAG —%
RAL —%
SWK —%
HST —%
MRNA —%
MANH —%
VTRS —%
SWKS —%
HES —%
View SEC EDGAR Filings for National Pension Service →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms