Employees Provident Fund Board
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed March 17, 2026), Employees Provident Fund Board reported 77 stock positions worth $12.5 billion. Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Nvidia (NVDA, 8.3%) and Meta Platforms Class A (META, 5.2%). Compared with Q2 2025, it opened 1 new position, sold out of 10, added to 36 and reduced 21. The biggest buy was Microsoft (MSFT, shares +28%) and the biggest sale an exit from Advanced Micro Devices (AMD).
- Most Recent 13F
- Q2 2026
- Location
- SHAH ALAM, N8
- CIK
- 0001600177
- Portfolio Value
- $12.5B (Q3 2025)
- SEC Filing
- 0001600177-26-000005 ↗ filed Mar 17, 2026
Holdings Value
Holdings 77 stocks · $12.5B
| MSFT Microsoft Corp. | 9.23% | 2,221,063 | $1.2B | Add +27.6% |
| NVDA Nvidia Corp. | 8.32% | 5,556,478 | $1.0B | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 5.24% | 889,874 | $653.5M | Add +23.5% |
| GOOGL Alphabet Inc. Class A | 4.79% | 2,455,358 | $596.9M | Reduce -30.0% |
| LLY Eli Lilly & Co. | 3.81% | 621,835 | $474.5M | Add +12.5% |
| AVGO Broadcom Inc. | 3.72% | 1,404,819 | $463.5M | Add +30.6% |
| NOW ServiceNow Inc. | 3.26% | 441,588 | $406.4M | Add +27.8% |
| AMZN Amazon.com Inc. | 3.17% | 1,800,000 | $395.2M | Add +17.3% |
| PANW Palo Alto Networks Inc. | 2.77% | 1,694,633 | $345.1M | Add +9.8% |
| JPM JPMorgan Chase & Co. | 2.68% | 1,060,000 | $334.4M | Add +32.5% |
| AAPL Apple Inc. | 2.62% | 1,282,409 | $326.5M | Reduce -36.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 2.45% | 623,740 | $305.9M | Add +25.0% |
| MU Micron Technology Inc. | 2.41% | 1,794,736 | $300.3M | Reduce -15.4% |
| UBER Uber Technologies Inc. | 2.19% | 2,788,537 | $273.2M | Add +17.4% |
| SNPS Synopsys Inc. | 2.14% | 541,247 | $267.0M | Add +28.8% |
| MA Mastercard Inc. Class A | 2.05% | 449,000 | $255.4M | Add +0.2% |
| DDOG Datadog Inc. Class A | 2.02% | 1,770,000 | $252.0M | Add +108.2% |
| NKE Nike Inc. Class B | 1.93% | 3,448,773 | $240.5M | No change |
| NEE Nextera Energy Inc. | 1.88% | 3,100,000 | $234.0M | Add +29.2% |
| ZTS Zoetis Inc. | 1.80% | 1,537,130 | $224.9M | Add +1.8% |
| XOM Exxon Mobil Corp. | 1.71% | 1,885,790 | $212.6M | Add +5.6% |
| CRM Salesforce Inc. | 1.67% | 879,958 | $208.6M | Add +36.8% |
| BSX Boston Scientific Corp. | 1.67% | 2,134,591 | $208.4M | Add +6.3% |
| MRK Merck & Co. Inc. | 1.58% | 2,354,034 | $197.6M | Add +39.4% |
| ISRG Intuitive Surgical Inc. | 1.57% | 438,533 | $196.1M | Add +23.3% |
| AMAT Applied Materials Inc. | 1.56% | 946,781 | $193.8M | Reduce -20.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.47% | 1,600,000 | $183.2M | Add +60.0% |
| MRVL Marvell Technology Inc. | 1.41% | 2,089,158 | $175.6M | Reduce -46.8% |
| MDB Mongodb Inc. | 1.28% | 512,710 | $159.1M | Add +75.2% |
| B Barrick Mining Corp. | 1.22% | 4,646,822 | $152.7M | Reduce -26.9% |
| ADBE Adobe Inc. | 1.19% | 421,741 | $148.8M | No change |
| DXCM Dexcom Inc. | 1.18% | 2,190,029 | $147.4M | No change |
| NXPI NXP Semiconductors NV | 1.08% | 591,346 | $134.7M | No change |
| MCO Moody's Corp. | 1.08% | 281,978 | $134.4M | Reduce -19.4% |
| AEM Agnico Eagle Mines Ltd. | 0.96% | 706,858 | $119.1M | Add +18.2% |
| ARM Arm Holdings PLC-ADR | 0.91% | 800,000 | $113.2M | Add +9.1% |
| BIIB Biogen Inc. | 0.79% | 704,196 | $98.6M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.77% | 2,797,057 | $96.1M | No change |
| BMY Bristol-Myers Squibb Co. | 0.72% | 1,978,000 | $89.2M | No change |
| RMD Resmed Inc. | 0.65% | 295,699 | $80.9M | Reduce -27.9% |
| UNH Unitedhealth Group Inc. | 0.58% | 210,000 | $72.5M | No change |
| OIH Vaneck Oil Services ETF | 0.51% | 243,479 | $63.3M | No change |
| DG Dollar General Corp. | 0.49% | 585,851 | $60.5M | No change |
| ALGN Align Technology Inc. | 0.40% | 395,688 | $49.5M | No change |
| GILD Gilead Sciences Inc. | 0.39% | 439,500 | $48.8M | Add +7.6% |
| JNJ Johnson & Johnson | 0.36% | 241,557 | $44.8M | Add +4.8% |
| SYK Stryker Corp. | 0.34% | 113,560 | $42.0M | No change |
| DOV Dover Corp. | 0.32% | 240,700 | $40.2M | Add +18.3% |
| PWR Quanta Services Inc. | 0.27% | 82,000 | $34.0M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.27% | 145,000 | $33.6M | Add +11.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 229,474 | $33.2M | Reduce -19.2% |
| GPC Genuine Parts Co. | 0.24% | 220,000 | $30.5M | No change |
| FSLR First Solar Inc. | 0.20% | 113,971 | $25.1M | Reduce -20.1% |
| EFX Equifax Inc. | 0.19% | 92,500 | $23.7M | Add +12.8% |
| AMGN Amgen Inc. | 0.18% | 81,000 | $22.9M | Add +2.6% |
| CI The Cigna Group | 0.18% | 76,000 | $21.9M | Add +5.6% |
| CMI Cummins Inc. | 0.17% | 50,669 | $21.4M | Reduce -31.5% |
| PNC PNC Financial Services Group | 0.17% | 106,000 | $21.3M | Add +1.9% |
| CLX Clorox Company | 0.17% | 171,680 | $21.2M | No change |
| CL Colgate-Palmolive Co. | 0.17% | 258,901 | $20.7M | Add +0.3% |
| COR Cencora Inc. | 0.16% | 64,000 | $20.0M | New |
| CSL Carlisle Cos Inc. | 0.14% | 52,500 | $17.3M | Reduce -11.2% |
| EQT Eqt Corp. | 0.12% | 277,323 | $15.1M | Add +49.9% |
| TT Trane Technologies PLC | 0.09% | 26,500 | $11.2M | Add +39.5% |
| V Visa Inc. Class A | 0.09% | 32,000 | $10.9M | Add +11.8% |
| LRCX Lam Research Corp. | 0.08% | 75,000 | $10.0M | Reduce -44.4% |
| GIS General Mills Inc. | 0.08% | 195,811 | $9.9M | No change |
| AKAM Akamai Technologies Inc. | 0.07% | 121,800 | $9.2M | No change |
| CEG Constellation Energy | 0.06% | 24,000 | $7.9M | Reduce -0.1% |
| CPB The Campbell's Company | 0.06% | 236,964 | $7.5M | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.06% | 7,803 | $7.4M | Reduce -24.3% |
| GEV GE Vernova Inc. | 0.05% | 10,500 | $6.5M | Reduce -25.0% |
| HSY The Hershey Co. | 0.04% | 27,500 | $5.1M | Reduce -8.3% |
| ACN Accenture PLC Class A | 0.03% | 15,805 | $3.9M | No change |
| VZ Verizon Communications Inc. | 0.03% | 86,000 | $3.8M | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.01% | 23,000 | $1.5M | Reduce -23.3% |
| AVTR Avantor Inc. | 0.01% | 62,000 | $774K | Reduce -15.6% |
Portfolio Sells Q2 2025 → Q3 2025
| AMD Advanced Micro Devices | Sold out | 0.00% | −1.80 |
| MRVL Marvell Technology Inc. | Reduce -46.8% | 1.41% | −1.22 |
| AAPL Apple Inc. | Reduce -36.9% | 2.62% | −0.98 |
| C Citigroup Inc. | Sold out | 0.00% | −0.59 |
| GOOGL Alphabet Inc. Class A | Reduce -30.0% | 4.79% | −0.56 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.48 |
| MCO Moody's Corp. | Reduce -19.4% | 1.08% | −0.44 |
| IAT iShares US Regional Banks Et | Sold out | 0.00% | −0.43 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.36 |
| AMAT Applied Materials Inc. | Reduce -20.9% | 1.56% | −0.34 |
| RMD Resmed Inc. | Reduce -27.9% | 0.65% | −0.26 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.25 |
| AMERISOURCEBERGEN CORP | Sold out | 0.00% | −0.14 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.13 |
| CSL Carlisle Cos Inc. | Reduce -11.2% | 0.14% | −0.05 |
| CMI Cummins Inc. | Reduce -31.5% | 0.17% | −0.04 |
| TJX TJX Companies Inc. | Reduce -19.2% | 0.27% | −0.04 |
| GWW WW Grainger Inc. | Reduce -24.3% | 0.06% | −0.03 |
| LRCX Lam Research Corp. | Reduce -44.4% | 0.08% | −0.03 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.02 |
| GEV GE Vernova Inc. | Reduce -25.0% | 0.05% | −0.01 |
| PWR Quanta Services Inc. | Reduce -5.8% | 0.27% | −0.01 |
| GIL Gildan Activewear Inc. | Sold out | 0.00% | −0.01 |
| CEG Constellation Energy | Reduce -0.1% | 0.06% | −0.00 |
| FSLR First Solar Inc. | Reduce -20.1% | 0.20% | −0.00 |
| BNS Bank of Nova Scotia | Reduce -23.3% | 0.01% | −0.00 |
| AVTR Avantor Inc. | Reduce -15.6% | 0.01% | −0.00 |
| HSY The Hershey Co. | Reduce -8.3% | 0.04% | −0.00 |
| B Barrick Mining Corp. | Reduce -26.9% | 1.22% | +0.08 |
| MU Micron Technology Inc. | Reduce -15.4% | 2.41% | +0.15 |
| NVDA Nvidia Corp. | Reduce -0.2% | 8.32% | +0.72 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +27.6% | 9.23% | +1.75 |
| AVGO Broadcom Inc. | Add +30.6% | 3.72% | +1.15 |
| DDOG Datadog Inc. Class A | Add +108.2% | 2.02% | +1.03 |
| MDB Mongodb Inc. | Add +75.2% | 1.28% | +0.75 |
| JPM JPMorgan Chase & Co. | Add +32.5% | 2.68% | +0.68 |
| META Meta Platforms Inc. Class A | Add +23.5% | 5.24% | +0.64 |
| NEE Nextera Energy Inc. | Add +29.2% | 1.88% | +0.44 |
| MRK Merck & Co. Inc. | Add +39.4% | 1.58% | +0.43 |
| DIS The Walt Disney Co. | Add +60.0% | 1.47% | +0.40 |
| AEM Agnico Eagle Mines Ltd. | Add +18.2% | 0.96% | +0.34 |
| SNPS Synopsys Inc. | Add +28.8% | 2.14% | +0.28 |
| UBER Uber Technologies Inc. | Add +17.4% | 2.19% | +0.28 |
| AMZN Amazon.com Inc. | Add +17.3% | 3.17% | +0.26 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +25.0% | 2.45% | +0.26 |
| NOW ServiceNow Inc. | Add +27.8% | 3.26% | +0.19 |
| COR Cencora Inc. | New | 0.16% | +0.16 |
| CRM Salesforce Inc. | Add +36.8% | 1.67% | +0.16 |
| LLY Eli Lilly & Co. | Add +12.5% | 3.81% | +0.08 |
| ABBV Abbvie Inc. | Add +11.5% | 0.27% | +0.06 |
| JNJ Johnson & Johnson | Add +4.8% | 0.36% | +0.05 |
| XOM Exxon Mobil Corp. | Add +5.6% | 1.71% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +9.8% | 2.77% | +0.04 |
| EQT Eqt Corp. | Add +49.9% | 0.12% | +0.03 |
| TT Trane Technologies PLC | Add +39.5% | 0.09% | +0.02 |
| EFX Equifax Inc. | Add +12.8% | 0.19% | +0.01 |
| PNC PNC Financial Services Group | Add +1.9% | 0.17% | +0.00 |
| GILD Gilead Sciences Inc. | Add +7.6% | 0.39% | 0.00 |
| DOV Dover Corp. | Add +18.3% | 0.32% | −0.00 |
| V Visa Inc. Class A | Add +11.8% | 0.09% | −0.00 |
| AMGN Amgen Inc. | Add +2.6% | 0.18% | −0.01 |
| CI The Cigna Group | Add +5.6% | 0.18% | −0.03 |
| CL Colgate-Palmolive Co. | Add +0.3% | 0.17% | −0.04 |
| ISRG Intuitive Surgical Inc. | Add +23.3% | 1.57% | −0.10 |
| ARM Arm Holdings PLC-ADR | Add +9.1% | 0.91% | −0.12 |
| MA Mastercard Inc. Class A | Add +0.2% | 2.05% | −0.13 |
| BSX Boston Scientific Corp. | Add +6.3% | 1.67% | −0.19 |
| ZTS Zoetis Inc. | Add +1.8% | 1.80% | −0.23 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 68 | $17.4B | MSFT, NVDA, MU, GOOGL, AVGO |
| Q1 2026 | 70 | $13.2B | MSFT, NVDA, GOOGL, META, MU |
| Q4 2025 | 73 | $13.6B | NVDA, MSFT, META, GOOGL, AVGO |
| Q3 2025 | 77 | $12.5B | MSFT, NVDA, META, GOOGL, LLY |
| Q2 2025 | 86 | $11.6B | NVDA, MSFT, GOOGL, META, LLY |
| Q1 2025 | 86 | $8.8B | NVDA, MSFT, GOOGL, LLY, META |
| Q4 2024 | 82 | $8.1B | NVDA, MSFT, AAPL, GOOGL, NKE |
| Q3 2024 | 83 | $7.3B | MSFT, NVDA, NKE, AAPL, AVGO |
| Q2 2024 | 84 | $6.2B | NVDA, MSFT, AAPL, GOOGL, NKE |
| Q1 2024 | 78 | $5.7B | NVDA, MSFT, GOOGL, AAPL, NKE |