Employees Provident Fund Board

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 3, 2026), Employees Provident Fund Board reported 73 stock positions worth $13.6 billion. Its top holding was Nvidia (NVDA) at 9.1% of the portfolio, followed by Microsoft (MSFT, 8.9%) and Meta Platforms Class A (META, 5.9%). Compared with Q3 2025, it opened 1 new position, sold out of 5, added to 32 and reduced 19. The biggest buy was a new position in Bank of America (BAC) and the biggest sale an exit from Marvell Technology (MRVL).

Most Recent 13F
Q2 2026
Location
SHAH ALAM, N8
CIK
0001600177
Portfolio Value
$13.6B (Q4 2025)
SEC Filing
0001213900-26-023133 ↗ filed Mar 3, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $5.7B Q1 2024 Q2 2024: $6.2B Q2 2024 Q3 2024: $7.3B Q3 2024 Q4 2024: $8.1B Q4 2024 Q1 2025: $8.8B Q1 2025 Q2 2025: $11.6B Q2 2025 Q3 2025: $12.5B Q3 2025 Q4 2025: $13.6B $13.6B Q4 2025 Q1 2026: $13.2B Q1 2026 Q2 2026: $17.4B Q2 2026

Holdings 73 stocks · $13.6B
NVDA Nvidia Corp. 9.14% 6,666,683 $1.2B Add +20.0%
MSFT Microsoft Corp. 8.89% 2,500,608 $1.2B Add +12.6%
META Meta Platforms Inc. Class A 5.94% 1,224,481 $808.3M Add +37.6%
GOOGL Alphabet Inc. Class A 5.73% 2,492,331 $780.1M Add +1.5%
AVGO Broadcom Inc. 3.89% 1,527,688 $528.7M Add +8.8%
MU Micron Technology Inc. 3.82% 1,820,675 $519.6M Add +1.4%
AMZN Amazon.com Inc. 3.05% 1,800,000 $415.5M No change
JPM JPMorgan Chase & Co. 2.81% 1,185,864 $382.1M Add +11.9%
NOW ServiceNow Inc. 2.73% 2,426,170 $371.7M Add +9.9%
AAPL Apple Inc. 2.65% 1,324,583 $360.1M Add +3.3%
LLY Eli Lilly & Co. 2.50% 317,093 $340.8M Reduce -49.0%
SNPS Synopsys Inc. 2.22% 644,344 $302.7M Add +19.1%
PANW Palo Alto Networks Inc. 2.07% 1,528,458 $281.5M Reduce -9.8%
UBER Uber Technologies Inc. 1.95% 3,245,686 $265.2M Add +16.4%
MRK Merck & Co. Inc. 1.87% 2,415,034 $254.2M Add +2.6%
DDOG Datadog Inc. Class A 1.85% 1,850,000 $251.6M Add +4.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.84% 4,562,000 $250.9M New
MA Mastercard Inc. Class A 1.83% 435,500 $248.6M Reduce -3.0%
ISRG Intuitive Surgical Inc. 1.83% 438,533 $248.4M No change
NEE Nextera Energy Inc. 1.77% 3,000,000 $240.8M Reduce -3.2%
XOM Exxon Mobil Corp. 1.76% 1,985,790 $239.0M Add +5.3%
CRM Salesforce Inc. 1.74% 894,097 $236.9M Add +1.6%
B Barrick Mining Corp. 1.63% 5,081,880 $221.7M Add +9.4%
CRWD CrowdStrike Holdings Inc. Class A 1.59% 461,520 $216.3M Reduce -26.0%
BSX Boston Scientific Corp. 1.50% 2,134,591 $203.5M No change
MDB Mongodb Inc. 1.49% 484,559 $203.4M Reduce -5.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.45% 1,734,806 $197.4M Add +8.4%
ZTS Zoetis Inc. 1.42% 1,537,130 $193.4M No change
AMAT Applied Materials Inc. 1.39% 735,281 $189.0M Reduce -22.3%
NKE Nike Inc. Class B 1.37% 2,920,713 $186.1M Reduce -15.3%
AEM Agnico Eagle Mines Ltd. 1.35% 1,079,713 $183.3M Add +52.8%
MCO Moody's Corp. 1.13% 300,000 $153.3M Add +6.4%
ADBE Adobe Inc. 1.08% 421,741 $147.6M No change
DXCM Dexcom Inc. 1.07% 2,190,029 $145.4M No change
NXPI NXP Semiconductors NV 0.94% 591,346 $128.4M No change
BIIB Biogen Inc. 0.91% 704,196 $123.9M No change
ARM Arm Holdings PLC-ADR 0.88% 1,100,000 $120.2M Add +37.5%
BMY Bristol-Myers Squibb Co. 0.82% 2,059,000 $111.1M Add +4.1%
SLB SLB Ltd. filed as SLB LIMITED 0.79% 2,797,057 $107.4M No change
UNH Unitedhealth Group Inc. 0.73% 300,000 $99.0M Add +42.9%
RMD Resmed Inc. 0.63% 358,101 $86.3M Add +21.1%
DG Dollar General Corp. 0.57% 585,851 $77.8M No change
OIH Vaneck Oil Services ETF 0.51% 243,479 $69.3M No change
GILD Gilead Sciences Inc. 0.42% 466,000 $57.2M Add +6.0%
JNJ Johnson & Johnson 0.37% 241,584 $50.0M Add +0.0%
DOV Dover Corp. 0.35% 242,479 $47.3M Add +0.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.35% 306,000 $47.0M Add +33.4%
SYK Stryker Corp. 0.29% 113,560 $39.9M No change
CMI Cummins Inc. 0.29% 77,800 $39.7M Add +53.5%
ABBV Abbvie Inc. 0.24% 145,000 $33.1M No change
PWR Quanta Services Inc. 0.23% 74,000 $31.2M Reduce -9.8%
GPC Genuine Parts Co. 0.20% 220,000 $27.1M No change
AMGN Amgen Inc. 0.19% 78,500 $25.7M Reduce -3.1%
FSLR First Solar Inc. 0.19% 97,733 $25.5M Reduce -14.3%
COR Cencora Inc. 0.18% 72,000 $24.3M Add +12.5%
CL Colgate-Palmolive Co. 0.16% 267,100 $21.1M Add +3.2%
CI The Cigna Group 0.15% 76,000 $20.9M No change
EFX Equifax Inc. 0.15% 92,500 $20.1M No change
TT Trane Technologies PLC 0.14% 49,000 $19.1M Add +84.9%
PNC PNC Financial Services Group 0.13% 85,500 $17.8M Reduce -19.3%
CLX Clorox Company 0.13% 171,680 $17.3M No change
CSL Carlisle Cos Inc. 0.12% 52,500 $16.8M No change
EQT Eqt Corp. 0.10% 247,000 $13.2M Reduce -10.9%
V Visa Inc. Class A 0.09% 33,500 $11.7M Add +4.7%
AKAM Akamai Technologies Inc. 0.07% 104,500 $9.1M Reduce -14.2%
CEG Constellation Energy 0.06% 23,928 $8.5M Reduce -0.3%
GWW WW Grainger Inc. 0.06% 7,803 $7.9M No change
GIS General Mills Inc. 0.06% 162,000 $7.5M Reduce -17.3%
GEV GE Vernova Inc. 0.05% 10,500 $6.9M No change
CPB The Campbell's Company 0.04% 190,505 $5.3M Reduce -19.6%
HSY The Hershey Co. 0.04% 27,000 $4.9M Reduce -1.8%
VZ Verizon Communications Inc. 0.03% 86,000 $3.5M No change
ACN Accenture PLC Class A 0.02% 11,582 $3.1M Reduce -26.7%

Portfolio Sells Q3 2025 → Q4 2025
MRVL Marvell Technology Inc. Sold out 0.00% −1.41
LLY Eli Lilly & Co. Reduce -49.0% 2.50% −1.30
CRWD CrowdStrike Holdings Inc. Class A Reduce -26.0% 1.59% −0.86
PANW Palo Alto Networks Inc. Reduce -9.8% 2.07% −0.70
NKE Nike Inc. Class B Reduce -15.3% 1.37% −0.56
ALGN Align Technology Inc. Sold out 0.00% −0.40
MA Mastercard Inc. Class A Reduce -3.0% 1.83% −0.22
AMAT Applied Materials Inc. Reduce -22.3% 1.39% −0.17
NEE Nextera Energy Inc. Reduce -3.2% 1.77% −0.11
LRCX Lam Research Corp. Sold out 0.00% −0.08
PWR Quanta Services Inc. Reduce -9.8% 0.23% −0.04
PNC PNC Financial Services Group Reduce -19.3% 0.13% −0.04
EQT Eqt Corp. Reduce -10.9% 0.10% −0.02
GIS General Mills Inc. Reduce -17.3% 0.06% −0.02
CPB The Campbell's Company Reduce -19.6% 0.04% −0.02
FSLR First Solar Inc. Reduce -14.3% 0.19% −0.01
BNS Bank of Nova Scotia Sold out 0.00% −0.01
ACN Accenture PLC Class A Reduce -26.7% 0.02% −0.01
AKAM Akamai Technologies Inc. Reduce -14.2% 0.07% −0.01
AVTR Avantor Inc. Sold out 0.00% −0.01
HSY The Hershey Co. Reduce -1.8% 0.04% −0.01
CEG Constellation Energy Reduce -0.3% 0.06% −0.00
AMGN Amgen Inc. Reduce -3.1% 0.19% +0.01
MDB Mongodb Inc. Reduce -5.5% 1.49% +0.22

Portfolio Buys Q3 2025 → Q4 2025
BAC Bank of America Corp. New 1.84% +1.84
MU Micron Technology Inc. Add +1.4% 3.82% +1.41
GOOGL Alphabet Inc. Class A Add +1.5% 5.73% +0.95
NVDA Nvidia Corp. Add +20.0% 9.14% +0.82
META Meta Platforms Inc. Class A Add +37.6% 5.94% +0.70
B Barrick Mining Corp. Add +9.4% 1.63% +0.40
AEM Agnico Eagle Mines Ltd. Add +52.8% 1.35% +0.39
MRK Merck & Co. Inc. Add +2.6% 1.87% +0.28
AVGO Broadcom Inc. Add +8.8% 3.89% +0.17
UNH Unitedhealth Group Inc. Add +42.9% 0.73% +0.15
JPM JPMorgan Chase & Co. Add +11.9% 2.81% +0.13
CMI Cummins Inc. Add +53.5% 0.29% +0.12
BMY Bristol-Myers Squibb Co. Add +4.1% 0.82% +0.10
SNPS Synopsys Inc. Add +19.1% 2.22% +0.08
TJX TJX Companies Inc. Add +33.4% 0.35% +0.08
CRM Salesforce Inc. Add +1.6% 1.74% +0.07
XOM Exxon Mobil Corp. Add +5.3% 1.76% +0.05
TT Trane Technologies PLC Add +84.9% 0.14% +0.05
MCO Moody's Corp. Add +6.4% 1.13% +0.05
GILD Gilead Sciences Inc. Add +6.0% 0.42% +0.03
AAPL Apple Inc. Add +3.3% 2.65% +0.03
DOV Dover Corp. Add +0.7% 0.35% +0.03
COR Cencora Inc. Add +12.5% 0.18% +0.02
JNJ Johnson & Johnson Add +0.0% 0.37% +0.01
V Visa Inc. Class A Add +4.7% 0.09% −0.00
CL Colgate-Palmolive Co. Add +3.2% 0.16% −0.01
RMD Resmed Inc. Add +21.1% 0.63% −0.02
DIS The Walt Disney Co. Add +8.4% 1.45% −0.02
ARM Arm Holdings PLC-ADR Add +37.5% 0.88% −0.02
DDOG Datadog Inc. Class A Add +4.5% 1.85% −0.17
UBER Uber Technologies Inc. Add +16.4% 1.95% −0.24
MSFT Microsoft Corp. Add +12.6% 8.89% −0.34
NOW ServiceNow Inc. Add +9.9% 2.73% −0.53

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 68$17.4BMSFT, NVDA, MU, GOOGL, AVGO
Q1 2026 70$13.2BMSFT, NVDA, GOOGL, META, MU
Q4 2025 73$13.6BNVDA, MSFT, META, GOOGL, AVGO
Q3 2025 77$12.5BMSFT, NVDA, META, GOOGL, LLY
Q2 2025 86$11.6BNVDA, MSFT, GOOGL, META, LLY
Q1 2025 86$8.8BNVDA, MSFT, GOOGL, LLY, META
Q4 2024 82$8.1BNVDA, MSFT, AAPL, GOOGL, NKE
Q3 2024 83$7.3BMSFT, NVDA, NKE, AAPL, AVGO
Q2 2024 84$6.2BNVDA, MSFT, AAPL, GOOGL, NKE
Q1 2024 78$5.7BNVDA, MSFT, GOOGL, AAPL, NKE