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Asset Manager ← All Institutions

National Pension Service

Q4 2025 · Filed 2026-02-10
Market Value
$134.9B
+4.9%
Holdings
568
+5
New Purchases
23
Added To
380
Closed
16
Reduced
141
Top 10 Concentration
36.0%
Turnover
6.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.89% 2.26% +0.64% $3.9B
GOOG 2.42% 1.93% +0.49% $3.3B
LLY 1.29% 0.94% +0.34% $1.7B
MU 0.65% 0.37% +0.28% $871M
SPOT 0.23% 0.00% +0.23% $316M
AAPL 6.09% 5.88% +0.20% $8.2B
CRH.L 0.19% 0.00% +0.19% $258M
WDC 0.22% 0.04% +0.17% $291M
AMZN 3.40% 3.23% +0.16% $4.6B
STX 0.20% 0.05% +0.16% $275M
GM 0.24% 0.10% +0.13% $317M
SRE 0.19% 0.06% +0.13% $250M
AMD 0.54% 0.42% +0.12% $735M
ROST 0.17% 0.06% +0.11% $234M
TEL 0.18% 0.09% +0.09% $248M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.20% 5.75% -0.55% $7.0B
META 2.26% 2.55% -0.30% $3.0B
NVDA 6.93% 7.19% -0.26% $9.3B
ORCL 0.53% 0.75% -0.22% $716M
NFLX 0.65% 0.86% -0.21% $879M
COST 0.59% 0.72% -0.13% $793M
RBLX 0.05% 0.18% -0.13% $73M
SE 0.07% 0.18% -0.12% $90M
APP 0.35% 0.47% -0.11% $474M
HD 0.55% 0.65% -0.11% $736M
ZTS 0.07% 0.16% -0.09% $90M
WDAY 0.06% 0.15% -0.09% $77M
VST 0.09% 0.18% -0.09% $128M
ALL 0.07% 0.16% -0.09% $94M
PYPL 0.06% 0.15% -0.09% $86M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $80.2B 59.5%
Large Cap 479 $51.8B 38.4%
Mid Cap 28 $456M 0.3%
Small Cap 6 $2.4B 1.8%

Portfolio Analytics

Avg Market Cap
$132.9B
Median Market Cap
$39.0B
Avg P/E
34.8
Median P/E
25.3
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
560
# ETFs / Funds
8

Top Holdings (568 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.93% 50,106,700 $9.3B $186.50 $99M +552,939 +1.1%
2 AAPL 6.09% 30,195,243 $8.2B $271.86 $640M +468,288 +1.6%
3 MSFT 5.20% 14,508,829 $7.0B $483.62 -$384M +219,948 +1.5%
4 AMZN 3.40% 19,843,319 $4.6B $230.82 $422M +904,136 +4.8%
5 GOOGL 2.89% 12,468,650 $3.9B $313.00 $998M +520,853 +4.4%
6 GOOG 2.42% 10,392,220 $3.3B $313.80 $780M +206,444 +2.0%
7 PBUS 2.40% 47,382,366 $3.2B $68.45 $66M
8 AVGO 2.34% 9,117,184 $3.2B $346.10 $232M +257,019 +2.9%
9 META 2.26% 4,607,770 $3.0B $660.09 -$241M +137,571 +3.1%
10 IVV 2.09% 4,119,355 $2.8B $685.00 $65M
11 TSLA 1.89% 5,672,777 $2.6B $449.72 $24M -8,786 -0.1%
12 JPM 1.29% 5,408,990 $1.7B $322.22 $24M -41,885 -0.8%
13 LLY 1.29% 1,615,647 $1.7B $1,074.68 $521M +23,415 +1.5%
14 BRK-B 0.99% 2,655,610 $1.3B $502.65 $54M +108,502 +4.3%
15 V 0.86% 3,296,730 $1.2B $350.71 $52M +63,203 +1.9%
16 XOM 0.83% 9,330,910 $1.1B $120.34 $84M +113,295 +1.2%
17 WMT 0.81% 9,812,461 $1.1B $111.42 $149M +651,720 +7.1%
18 JNJ 0.77% 4,990,526 $1.0B $206.95 $119M +63,957 +1.3%
19 MA 0.71% 1,682,172 $960M $570.88 $65M +107,831 +6.8%
20 ABBV 0.65% 3,856,731 $881M $228.49 -$30M -77,989 -2.0%
21 NFLX 0.65% 9,372,071 $879M $93.76 -$233M +8,444,703 +910.6%
22 MU 0.65% 3,051,766 $871M $285.41 $400M +236,257 +8.4%
23 PLTR 0.63% 4,783,713 $850M $177.75 $34M +308,538 +6.9%
24 BAC 0.62% 15,163,763 $834M $55.00 $118M +1,285,285 +9.3%
25 COST 0.59% 919,193 $793M $862.34 -$131M -78,384 -7.9%
26 PG 0.57% 5,404,211 $774M $143.31 $2M +374,064 +7.4%
27 HD 0.55% 2,137,562 $736M $344.10 -$102M +71,286 +3.5%
28 AMD 0.54% 3,431,359 $735M $214.16 $188M +54,322 +1.6%
29 CSCO 0.54% 9,531,981 $734M $77.03 $96M +208,757 +2.2%
30 GE 0.54% 2,374,686 $731M $308.03 $12M -16,995 -0.7%
31 TGRW 0.54% 15,814,477 $728M $46.01 $7M
32 ORCL 0.53% 3,672,921 $716M $194.91 -$255M +221,706 +6.4%
33 WFC 0.50% 7,283,908 $679M $93.20 $123M +648,512 +9.8%
34 IBM 0.50% 2,267,663 $672M $296.21 $39M +26,550 +1.2%
35 CVX 0.49% 4,360,210 $665M $152.41 $53M +419,539 +10.7%
36 KO 0.47% 9,105,640 $637M $69.91 $47M +217,403 +2.5%
37 UNH 0.47% 1,920,398 $634M $330.11 -$14M +43,624 +2.3%
38 MRK 0.45% 5,789,424 $609M $105.26 $130M +82,039 +1.4%
39 INFO 0.45% 24,565,625 $602M $24.51 $16M
40 GS 0.43% 660,068 $580M $879.00 $50M -5,726 -0.9%
41 PM 0.43% 3,587,297 $575M $160.40 -$43M -223,217 -5.9%
42 LRCX 0.42% 3,312,195 $567M $171.18 $96M -205,851 -5.8%
43 CAT 0.42% 979,008 $561M $572.87 $72M -46,248 -4.5%
44 CRM 0.41% 2,094,148 $555M $264.91 $32M -113,042 -5.1%
45 LSVD 0.40% 18,162,000 $540M $29.76 $29M
46 LIN 0.38% 1,198,564 $511M $426.39 $51M +231,048 +23.9%
47 RTX 0.38% 2,761,539 $506M $183.40 $37M -46,745 -1.7%
48 ABT 0.37% 4,023,071 $504M $125.29 $26M +457,277 +12.8%
49 MS 0.37% 2,829,303 $502M $177.53 $78M +163,227 +6.1%
50 AMAT 0.37% 1,935,654 $497M $256.99 $35M -322,036 -14.3%
51 MCD 0.35% 1,557,348 $476M $305.63 $10M +24,333 +1.6%
52 APP 0.35% 703,285 $474M $673.82 -$124M -129,141 -15.5%
53 DIS 0.35% 4,146,503 $472M $113.77 -$38M -307,922 -6.9%
54 TMO 0.35% 812,432 $471M $579.45 $74M -4,909 -0.6%
55 C 0.34% 3,975,418 $464M $116.69 $53M -69,214 -1.7%
56 PEP 0.33% 3,143,939 $451M $143.52 $21M +77,051 +2.5%
57 T 0.33% 17,890,741 $444M $24.84 -$33M +988,174 +5.8%
58 KLAC 0.33% 364,098 $442M $1,215.08 $46M -3,811 -1.0%
59 AXP 0.33% 1,184,985 $438M $369.95 $54M +27,872 +2.4%
60 APH 0.32% 3,240,850 $438M $135.14 $23M -116,449 -3.5%
61 EWP 0.32% 8,092,278 $436M $53.90 $35M
62 QCOM 0.32% 2,549,023 $436M $171.05 -$4M -96,244 -3.6%
63 VZ 0.31% 10,325,584 $421M $40.73 -$14M +446,662 +4.5%
64 INTU 0.31% 625,963 $415M $662.42 -$44M -46,097 -6.9%
65 ISRG 0.31% 728,944 $413M $566.36 $98M +23,899 +3.4%
66 TSPA 0.30% 9,513,375 $407M $42.78 $8M
67 BKNG 0.30% 75,976 $407M $5,355.33 -$47M -8,168 -9.7%
68 AMGN 0.30% 1,239,549 $406M $327.31 $72M +55,489 +4.7%
69 SCHW 0.30% 4,059,646 $406M $99.91 $33M +159,453 +4.1%
70 TJX 0.29% 2,580,800 $396M $153.61 $32M +58,408 +2.3%
71 ANET 0.29% 3,012,415 $395M $131.03 -$56M -82,776 -2.7%
72 NEE 0.29% 4,882,109 $392M $80.28 $26M +36,662 +0.8%
73 NOW 0.29% 2,522,974 $386M $153.19 $7M +2,110,455 +511.6%
74 SPGI 0.28% 730,755 $382M $522.59 $86M +123,400 +20.3%
75 ACN 0.28% 1,410,982 $379M $268.30 $47M +66,242 +4.9%
76 ADBE 0.28% 1,081,384 $378M $349.99 $43M +129,647 +13.6%
77 ADI 0.27% 1,354,027 $367M $271.20 $36M +6,492 +0.5%
78 GILD 0.27% 2,990,660 $367M $122.74 -$7M -379,983 -11.3%
79 UBER 0.27% 4,471,651 $365M $81.71 -$70M +32,230 +0.7%
80 COF 0.27% 1,491,607 $362M $242.36 $31M -61,129 -3.9%
81 BSX 0.27% 3,761,615 $359M $95.35 $20M +296,409 +8.6%
82 CB 0.27% 1,148,474 $358M $312.12 $98M +225,515 +24.4%
83 INTC 0.27% 9,713,921 $358M $36.90 $25M -233,730 -2.4%
84 WELL 0.26% 1,918,528 $356M $185.61 $55M +226,597 +13.4%
85 TXN 0.26% 2,048,051 $355M $173.49 -$2M +100,708 +5.2%
86 PLD 0.26% 2,737,711 $349M $127.66 $70M +294,574 +12.1%
87 BA 0.25% 1,572,206 $341M $217.12 $12M +43,983 +2.9%
88 BLK 0.25% 318,324 $341M $1,070.34 -$17M +11,425 +3.7%
89 NEM 0.25% 3,396,860 $339M $99.85 -$28M -957,404 -22.0%
90 PFE 0.25% 13,439,182 $335M $24.90 $5M +498,289 +3.9%
91 DHR 0.25% 1,453,086 $333M $228.92 $46M +6,725 +0.5%
92 MCK 0.24% 397,064 $326M $820.29 $26M +9,608 +2.5%
93 PANW 0.24% 1,754,036 $323M $184.20 -$28M +28,936 +1.7%
94 GM 0.24% 3,903,579 $317M $81.32 $184M +1,720,384 +78.8%
95 SPOT 0.23% 544,640 $316M $580.71 +544,640 NEW
96 LOW 0.23% 1,306,381 $315M $241.16 -$8M +19,599 +1.5%
97 PH 0.23% 352,582 $310M $878.96 $86M +57,680 +19.6%
98 GEV 0.23% 473,270 $309M $653.57 $8M -17,164 -3.5%
99 COP 0.23% 3,265,028 $306M $93.61 -$557K +27,942 +0.9%
100 UNP 0.23% 1,316,496 $305M $231.32 -$3M +15,785 +1.2%

New Positions

SymbolValue% Port
SPOT $316M 0.23%
CRH.L $258M 0.19%
CYBR $70M 0.05%
CIEN $50M 0.04%
INSM $49M 0.04%
TER $47M 0.04%
RKLB $45M 0.03%
SOFI $44M 0.03%
FIX $44M 0.03%
ALAB $39M 0.03%
CRDO $39M 0.03%
MDLN $38M 0.03%
FLEX $38M 0.03%
BE $31M 0.02%
RKT $3M —%

Sold Out Positions

SymbolValue% Port
ACI —%
OC —%
FDS —%
DVA —%
CPT —%
CCK —%
MOH —%
TAP —%
BMRN —%
ALGN —%
POOL —%
AKAM —%
LEGN —%
QFIN —%
K —%
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