Fullerton Fund Management Co Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Fullerton Fund Management Co Ltd. reported 161 stock positions worth $2.1 billion. Its top holding was Microsoft (MSFT) at 14.3% of the portfolio, followed by Nvidia (NVDA, 12.3%) and Meta Platforms Class A (META, 7.0%). Compared with Q4 2023, it opened 111 new positions, sold out of 11, added to 22 and reduced 27. The biggest buy was Nvidia (NVDA, shares +25%) and the biggest sale PDD (PDD, shares −80%).

Most Recent 13F
Q2 2026
Location
SINGAPORE, U0
CIK
0001592746
Portfolio Value
$2.1B (Q1 2024)
SEC Filing
0001104659-24-061572 ↗ filed May 15, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.1B $2.1B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.6B Q3 2025 Q4 2025: $2.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 161 stocks · $2.1B
MSFT Microsoft Corp. 14.30% 717,659 $301.9M Add +13.5%
NVDA Nvidia Corp. 12.26% 286,492 $258.9M Add +25.2%
META Meta Platforms Inc. Class A 6.96% 302,432 $146.9M Add +10.7%
AMZN Amazon.com Inc. 5.09% 595,885 $107.5M Reduce -16.5%
CRM Salesforce Inc. 4.44% 311,442 $93.8M New
GE General Electric 4.29% 515,500 $90.5M Add +24.1%
TSM Taiwan Semiconductor-SP ADR 3.91% 606,361 $82.5M New
QQQ Invesco QQQ Trust Series 1 3.71% 176,374 $78.3M Reduce -21.6%
VRT Vertiv Holdings Co. Class A 3.20% 827,657 $67.6M Add +2187.4%
NOW ServiceNow Inc. 3.05% 84,545 $64.5M Add +11.8%
AVGO Broadcom Inc. 2.97% 47,353 $62.8M Add +69.2%
GOOG Alphabet Inc. Class C 2.06% 285,579 $43.5M Reduce -34.7%
LLY Eli Lilly & Co. 2.00% 54,186 $42.2M Add +6.9%
V Visa Inc. Class A 1.75% 132,493 $37.0M Reduce -33.6%
UBER Uber Technologies Inc. 1.70% 466,893 $35.9M Add +309.1%
ARM Arm Holdings PLC-ADR 1.55% 262,281 $32.8M Reduce -1.6%
DV Doubleverify Holdings Inc. 1.50% 898,754 $31.6M Add +59.3%
FTNT Fortinet Inc. 1.36% 421,774 $28.8M New
ASML ASML Holding NV-NY Reg SHS 1.36% 29,493 $28.6M New
INDA iShares MSCI India ETF 1.35% 552,519 $28.5M Reduce -32.9%
WMT Walmart Inc. 1.31% 458,834 $27.6M New
GOOGL Alphabet Inc. Class A 1.20% 168,123 $25.4M Reduce -29.2%
MA Mastercard Inc. Class A 0.98% 42,990 $20.7M Add +272.2%
TMO Thermo Fisher Scientific Inc. 0.94% 34,192 $19.9M Reduce -18.4%
EWY iShares MSCI South Korea ETF 0.94% 295,899 $19.9M Reduce -23.5%
TT Trane Technologies PLC 0.94% 66,056 $19.8M Reduce -46.6%
EWT iShares MSCI Taiwan ETF 0.93% 402,478 $19.6M Add +7.2%
LIN Linde PLC 0.84% 38,294 $17.8M Reduce -23.4%
GLD SPDR Gold Shares 0.82% 83,962 $17.3M Add +45.2%
PDD PDD Holdings Inc. 0.72% 129,990 $15.1M Reduce -79.8%
CCJ Cameco Corp. 0.70% 341,970 $14.8M Add +100.8%
PWR Quanta Services Inc. 0.68% 55,160 $14.3M Add +61.0%
ETN Eaton Corp. PLC 0.65% 43,886 $13.7M Reduce -39.4%
BSX Boston Scientific Corp. 0.65% 199,909 $13.7M New
NFLX Netflix Inc. 0.61% 21,120 $12.8M New
ROK Rockwell Automation Inc. 0.60% 43,658 $12.7M Reduce -24.3%
SPGI S&P Global Inc. 0.58% 28,789 $12.2M Add +107.2%
XLI SS Industrial Select Sector 0.57% 95,200 $12.0M Reduce -15.9%
TGT Target Corp. 0.56% 67,191 $11.9M New
IVV iShares Core S&P 500 ETF 0.49% 19,763 $10.4M Add +57.3%
MRNA Moderna Inc. 0.39% 78,060 $8.3M Reduce -22.0%
XLE SS Energy Select Sector 0.39% 86,377 $8.2M Reduce -63.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.36% 14,372 $7.5M Add +52.1%
TLT iShares 20+ Year Treasury BD 0.35% 76,999 $7.3M Add +8.6%
ELF Elf Beauty Inc. 0.34% 36,474 $7.1M Add +216.3%
AAPL Apple Inc. 0.34% 41,282 $7.1M Reduce -3.2%
IEF iShares 7-10 Year Treasury B 0.32% 71,214 $6.7M Add +72.3%
XLK SS Technology Select Sector 0.22% 22,650 $4.7M Reduce -68.7%
XLC SS Comm Select Sector SPDR 0.21% 53,482 $4.4M New
COP Conocophillips 0.19% 31,138 $4.0M Add +1.1%
UNH Unitedhealth Group Inc. 0.18% 7,891 $3.9M Reduce -43.3%
PPH Vaneck Pharmaceutical ETF 0.05% 12,099 $1.1M New
KO The Coca-Cola Co. 0.05% 16,820 $1.0M Reduce -94.7%
ABBV Abbvie Inc. 0.04% 4,732 $862K New
AMD Advanced Micro Devices 0.04% 4,210 $760K New
PEP Pepsico Inc. 0.04% 4,269 $747K New
TMUS T-Mobile US Inc. 0.04% 4,522 $738K Reduce -95.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 19,300 $732K New
ADBE Adobe Inc. 0.03% 1,348 $680K New
JPM JPMorgan Chase & Co. 0.03% 3,356 $672K New
ACN Accenture PLC Class A 0.03% 1,893 $656K New
CMCSA Comcast Corp. Class A 0.03% 14,331 $621K New
DHR Danaher Corp. 0.03% 2,442 $610K New
BRK.B Berkshire Hathaway Inc. Class B 0.03% 1,410 $593K New
LOW Lowe's Cos Inc. 0.03% 2,291 $584K New
BKNG Booking Holdings Inc. 0.03% 152 $551K New
MS Morgan Stanley 0.03% 5,800 $546K Reduce -98.0%
PGR Progressive Corp. 0.03% 2,613 $540K New
LRCX Lam Research Corp. 0.03% 547 $531K New
PLD Prologis Inc. 0.02% 3,954 $515K New
BMY Bristol-Myers Squibb Co. 0.02% 9,408 $510K New
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,209 $505K New
TD Toronto-Dominion Bank 0.02% 8,300 $501K New
ADI Analog Devices Inc. 0.02% 2,500 $494K New
REGN Regeneron Pharmaceuticals 0.02% 509 $490K New
ELV Elevance Health Inc. 0.02% 924 $479K New
PANW Palo Alto Networks Inc. 0.02% 1,676 $476K New
SYK Stryker Corp. 0.02% 1,325 $474K New
MDLZ Mondelez International Inc. Class A 0.02% 6,750 $473K New
ENB Enbridge Inc. 0.02% 12,700 $459K New
PH Parker Hannifin Corp. 0.02% 818 $455K New
CB Chubb Ltd. 0.02% 1,739 $451K New
CMG Chipotle Mexican Grill Inc. 0.02% 155 $451K New
CME Cme Group Inc. 0.02% 2,059 $443K New
DE Deere & Co. 0.02% 1,041 $428K New
ADSK Autodesk Inc. 0.02% 1,634 $426K New
NXPI NXP Semiconductors NV 0.02% 1,706 $423K New
PFE Pfizer Inc. 0.02% 15,226 $423K New
TRV The Travelers Cos Inc. 0.02% 1,833 $422K New
TFC Truist Financial Corp. 0.02% 10,820 $422K New
STLA Stellantis NV 0.02% 14,835 $420K New
AMT American Tower Corp. 0.02% 2,117 $418K New
XLP SS Consumer Staples Sel Sect 0.02% 5,457 $417K No change
ABNB Airbnb Inc. Class A 0.02% 2,488 $410K Reduce -97.7%
FANG Diamondback Energy Inc. 0.02% 2,052 $407K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 7,406 $406K New
AXP American Express Co. 0.02% 1,775 $404K New
LNG Cheniere Energy Inc. 0.02% 2,481 $400K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 2,589 $399K New
MCK McKesson Corp. 0.02% 739 $397K New
ECL Ecolab Inc. 0.02% 1,713 $396K New
MRK Merck & Co. Inc. 0.02% 2,909 $384K New
PYPL PayPal Holdings Inc. 0.02% 5,720 $383K New
EQIX Equinix Inc. 0.02% 464 $383K New
XYL Xylem Inc. 0.02% 2,937 $380K New
IQV Iqvia Holdings Inc. 0.02% 1,498 $379K New
APD Air Products & Chemicals Inc. 0.02% 1,548 $375K New
BIIB Biogen Inc. 0.02% 1,734 $374K New
DOV Dover Corp. 0.02% 2,107 $373K New
EBAY eBay Inc. 0.02% 7,025 $371K New
CHD Church & Dwight Co. Inc. 0.02% 3,535 $369K New
KEYS Keysight Technologies Inc. 0.02% 2,357 $369K New
J Jacobs Solutions Inc. 0.02% 2,390 $367K New
CI The Cigna Group 0.02% 1,009 $366K New
MKC McCormick & Co.-Non VTG SHRS 0.02% 4,682 $360K New
CCI Crown Castle Inc. 0.02% 3,395 $359K New
DELL Dell Technologies -C 0.02% 3,144 $359K New
PINS Pinterest Inc. Class A 0.02% 10,347 $359K New
TRI Thomson Reuters Corp. 0.02% 2,300 $358K New
TRMB Trimble Inc. 0.02% 5,466 $352K New
MELI MercadoLibre Inc. 0.02% 229 $346K New
FMC FMC Corp. 0.02% 5,407 $344K New
AMCR Amcor PLC 0.02% 36,172 $344K New
HPE Hewlett Packard Enterprise 0.02% 19,219 $341K New
BALL Ball Corp. 0.02% 5,013 $338K New
AVY Avery Dennison Corp. 0.02% 1,511 $337K New
MTD Mettler-Toledo International 0.02% 253 $337K New
OKTA Okta Inc. 0.02% 3,200 $335K New
NDAQ Nasdaq Inc. 0.02% 5,279 $333K New
ES Eversource Energy 0.02% 5,555 $332K New
DLR Digital Realty Trust Inc. 0.02% 2,286 $329K New
MCD McDonald's Corp. 0.02% 1,163 $328K Reduce -98.5%
RCI Rogers Communications Inc. Class B 0.02% 7,900 $324K New
MRVL Marvell Technology Inc. 0.02% 4,567 $324K New
JNJ Johnson & Johnson 0.02% 2,035 $322K Reduce -96.5%
FTV Fortive Corp. 0.02% 3,725 $320K New
PFG Principal Financial Group 0.02% 3,689 $318K New
KEY Keycorp 0.01% 20,092 $318K New
PG The Procter & Gamble Co. 0.01% 1,953 $317K New
HD Home Depot Inc. 0.01% 824 $316K New
STT State Street Corp. 0.01% 4,037 $312K New
FNV Franco-Nevada Corp. 0.01% 2,600 $310K New
MSCI MSCI Inc. 0.01% 549 $308K New
KHC The Kraft Heinz Co. 0.01% 8,338 $308K New
BBY Best Buy Co. Inc. 0.01% 3,747 $307K New
WAT Waters Corp. 0.01% 876 $302K New
INTU Intuit Inc. 0.01% 453 $294K New
AWK American Water Works Co. Inc. 0.01% 2,384 $291K New
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.01% 3,523 $281K New
TEAM Atlassian Corp. Class A 0.01% 1,343 $262K New
RMD Resmed Inc. 0.01% 1,319 $261K New
AKAM Akamai Technologies Inc. 0.01% 2,355 $256K New
COST Costco Wholesale Corp. 0.01% 336 $246K New
BKR Baker Hughes Co. 0.01% 7,298 $244K New
FCX Freeport-McMoran Inc. 0.01% 5,164 $243K New
DAY Dayforce Inc. 0.01% 3,566 $236K New
UBS UBS Group AG-Reg 0.01% 7,576 $233K Reduce -96.3%
MDT Medtronic PLC 0.01% 2,641 $230K New
NTRA Natera Inc. 0.01% 2,491 $228K New
CLX Clorox Company 0.01% 1,352 $207K New
STN Stantec Inc. 0.01% 2,400 $199K New

Portfolio Sells Q4 2023 → Q1 2024
PDD PDD Holdings Inc. Reduce -79.8% 0.72% −4.78
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −3.40
SE Sea Ltd.-ADR Sold out 0.00% −2.33
QQQ Invesco QQQ Trust Series 1 Reduce -21.6% 3.71% −1.65
MS Morgan Stanley Reduce -98.0% 0.03% −1.59
GOOG Alphabet Inc. Class C Reduce -34.7% 2.06% −1.53
MCD McDonald's Corp. Reduce -98.5% 0.02% −1.29
V Visa Inc. Class A Reduce -33.6% 1.75% −1.28
AMZN Amazon.com Inc. Reduce -16.5% 5.09% −1.22
DHI D.R. Horton Inc. Sold out 0.00% −1.08
KO The Coca-Cola Co. Reduce -94.7% 0.05% −1.05
INDA iShares MSCI India ETF Reduce -32.9% 1.35% −0.99
INTC Intel Corp. Sold out 0.00% −0.95
ABNB Airbnb Inc. Class A Reduce -97.7% 0.02% −0.85
TMUS T-Mobile US Inc. Reduce -95.2% 0.04% −0.84
TT Trane Technologies PLC Reduce -46.6% 0.94% −0.82
XLE SS Energy Select Sector Reduce -63.1% 0.39% −0.76
NEE Nextera Energy Inc. Sold out 0.00% −0.74
GOOGL Alphabet Inc. Class A Reduce -29.2% 1.20% −0.73
XLK SS Technology Select Sector Reduce -68.7% 0.22% −0.59
EWY iShares MSCI South Korea ETF Reduce -23.5% 0.94% −0.54
JNJ Johnson & Johnson Reduce -96.5% 0.02% −0.52
ROK Rockwell Automation Inc. Reduce -24.3% 0.60% −0.44
AAXJ iShares MSCI All Country Asi Sold out 0.00% −0.40
ETN Eaton Corp. PLC Reduce -39.4% 0.65% −0.36
LIN Linde PLC Reduce -23.4% 0.84% −0.35
TMO Thermo Fisher Scientific Inc. Reduce -18.4% 0.94% −0.35
U Unity Software Inc. Sold out 0.00% −0.35
UBS UBS Group AG-Reg Reduce -96.3% 0.01% −0.30
UNH Unitedhealth Group Inc. Reduce -43.3% 0.18% −0.24
MLM Martin Marietta Materials Sold out 0.00% −0.19
MRNA Moderna Inc. Reduce -22.0% 0.39% −0.19
XLI SS Industrial Select Sector Reduce -15.9% 0.57% −0.18
URTH iShares MSCI World ETF Sold out 0.00% −0.18
UNP Union Pacific Corp. Sold out 0.00% −0.16
KVUE Kenvue Inc. Sold out 0.00% −0.15
AAPL Apple Inc. Reduce -3.2% 0.34% −0.14
ARM Arm Holdings PLC-ADR Reduce -1.6% 1.55% +0.39

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +25.2% 12.26% +5.67
CRM Salesforce Inc. New 4.44% +4.44
TSM Taiwan Semiconductor-SP ADR New 3.91% +3.91
VRT Vertiv Holdings Co. Class A Add +2187.4% 3.20% +3.10
FTNT Fortinet Inc. New 1.36% +1.36
ASML ASML Holding NV-NY Reg SHS New 1.36% +1.36
META Meta Platforms Inc. Class A Add +10.7% 6.96% +1.33
WMT Walmart Inc. New 1.31% +1.31
UBER Uber Technologies Inc. Add +309.1% 1.70% +1.29
GE General Electric Add +24.1% 4.29% +1.20
AVGO Broadcom Inc. Add +69.2% 2.97% +1.15
MA Mastercard Inc. Class A Add +272.2% 0.98% +0.69
BSX Boston Scientific Corp. New 0.65% +0.65
NFLX Netflix Inc. New 0.61% +0.61
TGT Target Corp. New 0.56% +0.56
MSFT Microsoft Corp. Add +13.5% 14.30% +0.46
DV Doubleverify Holdings Inc. Add +59.3% 1.50% +0.29
LLY Eli Lilly & Co. Add +6.9% 2.00% +0.28
CCJ Cameco Corp. Add +100.8% 0.70% +0.27
PWR Quanta Services Inc. Add +61.0% 0.68% +0.25
ELF Elf Beauty Inc. Add +216.3% 0.34% +0.24
SPGI S&P Global Inc. Add +107.2% 0.58% +0.22
XLC SS Comm Select Sector SPDR New 0.21% +0.21
GLD SPDR Gold Shares Add +45.2% 0.82% +0.17
IVV iShares Core S&P 500 ETF Add +57.3% 0.49% +0.14
SPY SS SPDR S&P 500 ETF Trust-US Add +52.1% 0.36% +0.09
IEF iShares 7-10 Year Treasury B Add +72.3% 0.32% +0.09
PPH Vaneck Pharmaceutical ETF New 0.05% +0.05
ABBV Abbvie Inc. New 0.04% +0.04
AMD Advanced Micro Devices New 0.04% +0.04
PEP Pepsico Inc. New 0.04% +0.04
BAC Bank of America Corp. New 0.03% +0.03
ADBE Adobe Inc. New 0.03% +0.03
JPM JPMorgan Chase & Co. New 0.03% +0.03
ACN Accenture PLC Class A New 0.03% +0.03
CMCSA Comcast Corp. Class A New 0.03% +0.03
DHR Danaher Corp. New 0.03% +0.03
BRK.B Berkshire Hathaway Inc. Class B New 0.03% +0.03
LOW Lowe's Cos Inc. New 0.03% +0.03
BKNG Booking Holdings Inc. New 0.03% +0.03
PGR Progressive Corp. New 0.03% +0.03
LRCX Lam Research Corp. New 0.03% +0.03
PLD Prologis Inc. New 0.02% +0.02
BMY Bristol-Myers Squibb Co. New 0.02% +0.02
VRTX Vertex Pharmaceuticals Inc. New 0.02% +0.02
TD Toronto-Dominion Bank New 0.02% +0.02
ADI Analog Devices Inc. New 0.02% +0.02
REGN Regeneron Pharmaceuticals New 0.02% +0.02
ELV Elevance Health Inc. New 0.02% +0.02
PANW Palo Alto Networks Inc. New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 119$1.6BGOOG, AAPL, INTC, AMZN, MS
Q1 2026 125$1.2BGOOG, PH, AMZN, GLD, NVDA
Q4 2025 122$2.3BGOOG, AMZN, PH, ROK, AVGO
Q3 2025 98$2.6BNVDA, RBLX, MSFT, AVGO, JPM
Q2 2025 97$2.5BNFLX, MSFT, NVDA, META, AVGO
Q1 2025 116$1.6BNFLX, WMT, SE, JPM, BSX
Q4 2024 94$2.9BNFLX, JPM, WMT, MSFT, NVDA
Q3 2024 102$2.4BNVDA, GEV, NFLX, UBER, WMT
Q2 2024 129$2.2BMSFT, NVDA, META, AMZN, GEV
Q1 2024 161$2.1BMSFT, NVDA, META, AMZN, CRM