National Pension Service

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, National Pension Service maintained a portfolio of 577 distinct positions. They heavily accumulated shares in NVIDIA CORPORATION, increasing their position by 1.1%. The fund also reduced its exposure to APPLIED MATLS INC by 14.3%.
PCA Score Concentration Risk
Risk ENB
Total Positions
577
Quarter
2025 Q4
Top Holding
NVDA (6.9%)
Top 10 Concentration
36.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 577
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
NVDA
NVIDIA CORPORAT...
Technology 6.92% 7.18% #1
Prev: #1
5.3 552,939 1.1%
P
S
50,106,700 $9,344,899,550 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 6.08% 5.88% #2
Prev: #2
4.4 468,288 1.6%
P
S
30,195,243 $8,208,878,762 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 5.20% 5.75% #3
Prev: #3
3.6 219,948 1.5%
P
S
14,508,829 $7,016,759,881 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 3.39% 3.23% #4
Prev: #4
2.4 904,136 4.8%
P
S
19,843,319 $4,580,234,892 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 2.89% 2.26% #5 3
Prev: #8
2.2 520,853 4.4%
P
S
12,468,650 $3,902,687,450 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 2.41% 1.93% #6 5
Prev: #11
1.5 206,444 2.0%
P
S
10,392,220 $3,261,078,636 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PBUS
INVESCO EXCH TR...
ETF 2.40% 2.47% #7 1
Prev: #6
2.0 no change no change
P
S
47,382,366 $3,243,322,953 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 2.34% 2.27% #8 1
Prev: #7
1.4 257,019 2.9%
P
S
9,117,184 $3,155,457,382 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 2.25% 2.55% #9 4
Prev: #5
1.4 137,571 3.1%
P
S
4,607,770 $3,041,542,899 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IVV
ISHARES TR
ETF 2.09% 2.14% #10 1
Prev: #9
1.8 no change no change
P
S
4,119,355 $2,821,758,175 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
Consumer Cyclical 1.89% 1.96% #11 1
Prev: #10
1.3 -8,786 -0.2%
P
S
5,672,777 $2,551,161,272 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 1.29% 1.34% #12
Prev: #12
1.0 -41,885 -0.8%
P
S
5,408,990 $1,742,884,758 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 1.29% 0.94% #13 1
Prev: #14
1.0 23,415 1.5%
P
S
1,615,647 $1,736,303,518 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.99% 0.99% #14 1
Prev: #13
0.9 108,502 4.3%
P
S
2,655,610 $1,334,842,367 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 0.86% 0.86% #15 1
Prev: #16
0.8 63,203 2.0%
P
S
3,296,730 $1,156,196,178 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
Energy 0.83% 0.81% #16 1
Prev: #17
0.8 113,295 1.2%
P
S
9,330,910 $1,122,881,709 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 0.81% 0.73% #17 2
Prev: #19
2.3 651,720 7.1%
P
S
9,812,461 $1,093,304,405 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JNJ
JOHNSON & JOHNS...
Healthcare 0.76% 0.71% #18 3
Prev: #21
0.8 63,957 1.3%
P
S
4,990,526 $1,032,789,356 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 0.71% 0.70% #19 4
Prev: #23
2.3 107,831 6.8%
P
S
1,682,172 $960,318,351 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ABBV
ABBVIE INC
Healthcare 0.65% 0.71% #20 2
Prev: #22
0.8 -77,989 -2.0%
P
S
3,856,731 $881,224,466 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 0.65% 0.86% #21 6
Prev: #15
3.3 8,444,703 910.6%
P
S
9,372,071 $878,725,377 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MU
MICRON TECHNOLO...
Technology 0.64% 0.37% #22 26
Prev: #48
2.3 236,257 8.4%
P
S
3,051,766 $871,004,534 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PLTR
PALANTIR TECHNO...
Bond/Debt 0.63% 0.63% #23 2
Prev: #25
2.3 308,538 6.9%
P
S
4,783,713 $850,304,986 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK AMERICA CO...
Financial Services 0.62% 0.56% #24 5
Prev: #29
2.2 1,285,285 9.3%
P
S
15,163,763 $834,006,965 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHSL COR...
Consumer Defensive 0.59% 0.72% #25 5
Prev: #20
0.7 -78,384 -7.9%
P
S
919,193 $792,656,892 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PG
PROCTER AND GAM...
Consumer Defensive 0.57% 0.60% #26
Prev: #26
2.2 374,064 7.4%
P
S
5,404,211 $774,477,478 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 0.54% 0.65% #27 3
Prev: #24
0.7 71,286 3.4%
P
S
2,137,562 $735,535,084 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.54% 0.42% #28 11
Prev: #39
0.7 54,322 1.6%
P
S
3,431,359 $734,859,843 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CSCO
CISCO SYS INC
Technology 0.54% 0.50% #29 2
Prev: #31
0.7 208,757 2.2%
P
S
9,531,981 $734,248,496 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 0.54% 0.56% #30 2
Prev: #28
0.7 -16,995 -0.7%
P
S
2,374,686 $731,474,529 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TGRW
T ROWE PRICE ET...
ETF 0.54% 0.56% #31 4
Prev: #27
1.2 no change no change
P
S
15,814,477 $727,663,623 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 0.53% 0.75% #32 14
Prev: #18
2.2 221,706 6.4%
P
S
3,672,921 $715,889,032 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WFC
WELLS FARGO CO ...
Financial Services 0.50% 0.43% #33 5
Prev: #38
2.2 648,512 9.8%
P
S
7,283,908 $678,860,226 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBM
INTERNATIONAL B...
Bond/Debt 0.50% 0.49% #34 2
Prev: #32
0.7 26,550 1.2%
P
S
2,267,663 $671,704,457 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CVX
CHEVRON CORP NE...
Energy 0.49% 0.48% #35 1
Prev: #34
2.2 419,539 10.6%
P
S
4,360,210 $664,539,606 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KO
COCA COLA CO
Consumer Defensive 0.47% 0.46% #36
Prev: #36
0.7 217,403 2.4%
P
S
9,105,640 $636,575,292 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UNITEDHEALTH GR...
Healthcare 0.47% 0.50% #37 7
Prev: #30
0.7 43,624 2.3%
P
S
1,920,398 $633,942,584 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
MERCK & CO INC
Healthcare 0.45% 0.37% #38 7
Prev: #45
0.7 82,039 1.4%
P
S
5,789,424 $609,394,770 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INFO
HARBOR ETF TRUS...
ETF 0.45% 0.45% #39 2
Prev: #37
1.2 no change no change
P
S
24,565,625 $602,103,469 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GS
GOLDMAN SACHS G...
Financial Services 0.43% 0.41% #40
Prev: #40
0.7 -5,726 -0.9%
P
S
660,068 $580,199,772 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
PHILIP MORRIS I...
Bond/Debt 0.43% 0.48% #41 8
Prev: #33
0.7 -223,217 -5.9%
P
S
3,587,297 $575,402,439 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LRCX
LAM RESEARCH CO...
Technology 0.42% 0.37% #42 7
Prev: #49
0.7 -205,851 -5.9%
P
S
3,312,195 $566,981,540 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CAT
CATERPILLAR INC
Industrials 0.42% 0.38% #43 1
Prev: #44
0.7 -46,248 -4.5%
P
S
979,008 $560,844,313 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CRM
SALESFORCE INC
Technology 0.41% 0.41% #44 3
Prev: #41
0.7 -113,042 -5.1%
P
S
2,094,148 $554,760,747 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LSVD
ADVISORS INNER ...
Unknown 0.40% 0.40% #45 3
Prev: #42
1.2 no change no change
P
S
18,162,000 $540,468,428 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LIN
LINDE PLC
Basic Materials 0.38% 0.36% #46 7
Prev: #53
2.7 231,048 23.9%
P
S
1,198,564 $511,055,704 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RTX
RTX CORPORATION
Industrials 0.37% 0.36% #47 3
Prev: #50
0.6 -46,745 -1.7%
P
S
2,761,539 $506,466,253 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ABT
ABBOTT LABS
Healthcare 0.37% 0.37% #48 2
Prev: #46
2.1 457,277 12.8%
P
S
4,023,071 $504,050,566 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MS
MORGAN STANLEY
Financial Services 0.37% 0.33% #49 12
Prev: #61
2.1 163,227 6.1%
P
S
2,829,303 $502,286,162 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMAT
APPLIED MATLS I...
Technology 0.37% 0.36% #50 2
Prev: #52
0.6 -322,036 -14.3%
P
S
1,935,654 $497,443,721 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 577 holdings

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