Fullerton Fund Management Co Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Fullerton Fund Management Co Ltd. reported 116 stock positions worth $1.6 billion. Its top holding was Netflix (NFLX) at 10.8% of the portfolio, followed by Walmart (WMT, 8.5%) and Sea Ltd.-ADR (SE, 6.5%). Compared with Q4 2024, it opened 59 new positions, sold out of 37, added to 18 and reduced 38. The biggest buy was Sea Ltd.-ADR (SE, shares +80%) and the biggest sale Nvidia (NVDA, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- SINGAPORE, U0
- CIK
- 0001592746
- Portfolio Value
- $1.6B (Q1 2025)
- SEC Filing
- 0001104659-25-048853 ↗ filed May 15, 2025
Holdings Value
Holdings 116 stocks · $1.6B
| NFLX Netflix Inc. | 10.77% | 179,904 | $167.8M | Reduce -26.3% |
| WMT Walmart Inc. | 8.48% | 1,504,817 | $132.1M | Reduce -34.8% |
| SE Sea Ltd.-ADR | 6.50% | 776,261 | $101.3M | Add +79.9% |
| JPM JPMorgan Chase & Co. | 5.48% | 347,914 | $85.3M | Reduce -60.5% |
| BSX Boston Scientific Corp. | 4.40% | 678,851 | $68.5M | Reduce -56.3% |
| META Meta Platforms Inc. Class A | 4.35% | 117,436 | $67.7M | Reduce -30.1% |
| AMZN Amazon.com Inc. | 4.24% | 347,399 | $66.1M | Reduce -57.4% |
| MSFT Microsoft Corp. | 3.92% | 162,727 | $61.1M | Reduce -65.0% |
| PH Parker Hannifin Corp. | 3.81% | 97,690 | $59.4M | New |
| TCOM Trip.com Group Ltd.-ADR | 3.26% | 797,815 | $50.7M | Add +1092.3% |
| GOOG Alphabet Inc. Class C | 3.25% | 324,179 | $50.6M | Add +66.1% |
| NTRA Natera Inc. | 2.76% | 303,934 | $43.0M | Reduce -36.4% |
| DDOG Datadog Inc. Class A | 2.60% | 408,898 | $40.6M | Reduce -64.8% |
| GLD SPDR Gold Shares | 2.56% | 138,277 | $39.8M | Add +39.1% |
| SPGI S&P Global Inc. | 2.54% | 77,721 | $39.5M | Reduce -34.3% |
| DKS Dick's Sporting Goods Inc. | 2.33% | 180,011 | $36.3M | New |
| UBS UBS Group AG-Reg | 2.21% | 1,129,313 | $34.4M | Add +42.4% |
| AAPL Apple Inc. | 2.07% | 145,267 | $32.3M | Reduce -22.2% |
| GOOGL Alphabet Inc. Class A | 1.99% | 200,221 | $31.0M | Add +56.0% |
| NOW ServiceNow Inc. | 1.98% | 38,694 | $30.8M | Add +5816.5% |
| NVDA Nvidia Corp. | 1.87% | 268,506 | $29.1M | Reduce -80.5% |
| PDD PDD Holdings Inc. | 1.36% | 179,265 | $21.2M | New |
| GLDM SPDR Gold Minishares Trust | 1.32% | 331,508 | $20.5M | Add +9.7% |
| AGI Alamos Gold Inc. Class A | 1.29% | 753,473 | $20.1M | Add +1009.0% |
| INDA iShares MSCI India ETF | 1.11% | 335,851 | $17.3M | Reduce -14.1% |
| MMYT Makemytrip Ltd. | 0.98% | 155,900 | $15.3M | New |
| TSLA Tesla Inc. | 0.94% | 56,597 | $14.7M | Reduce -23.2% |
| AVGO Broadcom Inc. | 0.87% | 81,014 | $13.6M | Reduce -59.8% |
| KO The Coca-Cola Co. | 0.85% | 185,108 | $13.3M | Add +261.6% |
| TMUS T-Mobile US Inc. | 0.85% | 49,688 | $13.3M | Add +44.7% |
| TAL Tal Education Group- ADR | 0.80% | 946,954 | $12.5M | Add +225.6% |
| MA Mastercard Inc. Class A | 0.78% | 22,141 | $12.1M | Add +236.9% |
| XLF SS Financial Select Sector | 0.76% | 238,742 | $11.9M | Reduce -60.8% |
| BABA Alibaba Group Holding-SP ADR | 0.72% | 84,317 | $11.1M | Add +30.9% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.65% | 231,265 | $10.2M | Reduce -20.9% |
| TMO Thermo Fisher Scientific Inc. | 0.63% | 19,847 | $9.9M | Reduce -20.8% |
| LLY Eli Lilly & Co. | 0.52% | 9,839 | $8.1M | Reduce -68.5% |
| YUMC Yum China Holdings Inc. | 0.50% | 150,550 | $7.8M | Reduce -68.7% |
| INFY Infosys Ltd.-SP ADR | 0.22% | 189,699 | $3.5M | Reduce -6.9% |
| TRP TC Energy Corp. | 0.15% | 50,800 | $2.4M | Add +24.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 14,318 | $2.4M | Reduce -97.6% |
| EFA iShares MSCI Eafe ETF | 0.14% | 27,563 | $2.3M | Reduce -71.8% |
| IVV iShares Core S&P 500 ETF | 0.14% | 3,958 | $2.2M | Reduce -77.9% |
| IBN Icici Bank Ltd.-Spon ADR | 0.14% | 69,431 | $2.2M | New |
| INTU Intuit Inc. | 0.13% | 3,346 | $2.1M | Reduce -0.1% |
| V Visa Inc. Class A | 0.12% | 5,549 | $1.9M | New |
| LIN Linde PLC | 0.11% | 3,841 | $1.8M | Reduce -8.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 2,705 | $1.5M | Reduce -85.8% |
| COST Costco Wholesale Corp. | 0.10% | 1,565 | $1.5M | New |
| SYK Stryker Corp. | 0.09% | 3,733 | $1.4M | Reduce -29.7% |
| TEVA Teva Pharmaceutical-SP ADR | 0.09% | 87,029 | $1.3M | New |
| SO The Southern Co. | 0.09% | 14,441 | $1.3M | Reduce -9.1% |
| UNH Unitedhealth Group Inc. | 0.07% | 2,156 | $1.1M | Reduce -77.0% |
| CB Chubb Ltd. | 0.07% | 3,628 | $1.1M | Reduce -26.7% |
| RDDT Reddit Inc. Class A | 0.07% | 9,706 | $1.0M | Reduce -78.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 21,991 | $918K | New |
| CCJ Cameco Corp. | 0.05% | 20,683 | $851K | Add +29.0% |
| PEP Pepsico Inc. | 0.05% | 5,628 | $844K | New |
| MU Micron Technology Inc. | 0.04% | 7,881 | $685K | New |
| ED Consolidated Edison Inc. | 0.04% | 6,067 | $671K | New |
| COP Conocophillips | 0.04% | 6,376 | $670K | New |
| ORCL Oracle Corp. | 0.04% | 4,767 | $666K | New |
| OTIS Otis Worldwide Corp. | 0.04% | 6,435 | $664K | New |
| PLD Prologis Inc. | 0.04% | 5,919 | $662K | New |
| CME Cme Group Inc. | 0.04% | 2,484 | $659K | New |
| ICE Intercontinental Exchange Inc. | 0.04% | 3,705 | $639K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 1,193 | $635K | New |
| IEF iShares 7-10 Year Treasury B | 0.04% | 6,481 | $618K | No change |
| AIG American International Group | 0.04% | 7,032 | $611K | New |
| VLO Valero Energy Corp. | 0.04% | 4,555 | $602K | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.04% | 8,217 | $585K | New |
| PAYX Paychex Inc. | 0.04% | 3,769 | $581K | New |
| MSI Motorola Solutions Inc. | 0.04% | 1,302 | $570K | New |
| AXP American Express Co. | 0.04% | 2,073 | $558K | Reduce -35.1% |
| SBAC SBA Communications Corp. | 0.04% | 2,507 | $552K | New |
| WEC WEC Energy Group Inc. | 0.04% | 5,058 | $551K | New |
| KIM Kimco Realty Corp. | 0.04% | 25,726 | $546K | New |
| AMP Ameriprise Financial Inc. | 0.04% | 1,127 | $546K | New |
| UHS Universal Health Services-B | 0.03% | 2,881 | $541K | New |
| VRSN Verisign Inc. | 0.03% | 2,114 | $537K | New |
| STT State Street Corp. | 0.03% | 5,904 | $529K | New |
| BMY Bristol-Myers Squibb Co. | 0.03% | 8,297 | $506K | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.03% | 1,028 | $498K | New |
| SEIC Sei Investments Company | 0.03% | 6,415 | $498K | New |
| ADBE Adobe Inc. | 0.03% | 1,211 | $464K | New |
| HST Host Hotels & Resorts Inc. | 0.03% | 31,556 | $448K | Add +43.0% |
| CRM Salesforce Inc. | 0.03% | 1,622 | $435K | New |
| RBLX Roblox Corp. Class A | 0.03% | 7,447 | $434K | New |
| LOGI Logitech International-Reg | 0.03% | 5,155 | $431K | New |
| CPRT Copart Inc. | 0.03% | 6,948 | $393K | New |
| WCN Waste Connections Inc. | 0.03% | 2,001 | $391K | New |
| MPC Marathon Petroleum Corp. | 0.02% | 2,509 | $366K | New |
| TD Toronto-Dominion Bank | 0.02% | 5,800 | $347K | Reduce -57.4% |
| HUBS HubSpot Inc. | 0.02% | 579 | $331K | New |
| EIX Edison International | 0.02% | 5,595 | $330K | New |
| ABBV Abbvie Inc. | 0.02% | 1,573 | $330K | New |
| BLK BlackRock Inc. | 0.02% | 344 | $326K | New |
| DELL Dell Technologies -C | 0.02% | 3,277 | $299K | New |
| ISRG Intuitive Surgical Inc. | 0.02% | 603 | $299K | Add +1.0% |
| RMD Resmed Inc. | 0.02% | 1,304 | $292K | New |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -80.5% | 1.87% | −4.60 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -97.6% | 0.15% | −3.89 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −3.59 |
| DDOG Datadog Inc. Class A | Reduce -64.8% | 2.60% | −3.18 |
| MSFT Microsoft Corp. | Reduce -65.0% | 3.92% | −2.92 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −2.69 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −2.41 |
| AMZN Amazon.com Inc. | Reduce -57.4% | 4.24% | −2.01 |
| MS Morgan Stanley | Sold out | 0.00% | −1.94 |
| JPM JPMorgan Chase & Co. | Reduce -60.5% | 5.48% | −1.90 |
| VST Vistra Corp. | Sold out | 0.00% | −1.20 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −1.19 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.89 |
| TT Trane Technologies PLC | Reduce -99.0% | 0.02% | −0.87 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.83 |
| AVGO Broadcom Inc. | Reduce -59.8% | 0.87% | −0.76 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.64 |
| BSX Boston Scientific Corp. | Reduce -56.3% | 4.40% | −0.45 |
| JETS US Global Jets ETF | Sold out | 0.00% | −0.41 |
| LLY Eli Lilly & Co. | Reduce -68.5% | 0.52% | −0.32 |
| YUMC Yum China Holdings Inc. | Reduce -68.7% | 0.50% | −0.31 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -85.8% | 0.10% | −0.29 |
| XLF SS Financial Select Sector | Reduce -60.8% | 0.76% | −0.26 |
| IVV iShares Core S&P 500 ETF | Reduce -77.9% | 0.14% | −0.23 |
| RDDT Reddit Inc. Class A | Reduce -78.6% | 0.07% | −0.19 |
| EFA iShares MSCI Eafe ETF | Reduce -71.8% | 0.14% | −0.11 |
| AAXJ iShares MSCI All Country Asi | Sold out | 0.00% | −0.10 |
| TSLA Tesla Inc. | Reduce -23.2% | 0.94% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -77.0% | 0.07% | −0.09 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.08 |
| BCI Abrdn Bloomberg All Commodit | Sold out | 0.00% | −0.08 |
| EWT iShares MSCI Taiwan ETF | Sold out | 0.00% | −0.06 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.06 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.05 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.03 |
| USB US Bancorp | Sold out | 0.00% | −0.03 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.03 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.02 |
| PPL PPL Corp. | Sold out | 0.00% | −0.02 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.02 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.02 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.02 |
| TXT Textron Inc. | Sold out | 0.00% | −0.02 |
| DOV Dover Corp. | Sold out | 0.00% | −0.02 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.02 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.02 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.01 |
| RPRX Royalty Pharma PLC Class A | Sold out | 0.00% | −0.01 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SE Sea Ltd.-ADR | Add +79.9% | 6.50% | +4.91 |
| PH Parker Hannifin Corp. | New | 3.81% | +3.81 |
| TCOM Trip.com Group Ltd.-ADR | Add +1092.3% | 3.26% | +3.10 |
| DKS Dick's Sporting Goods Inc. | New | 2.33% | +2.33 |
| GOOG Alphabet Inc. Class C | Add +66.1% | 3.25% | +1.95 |
| NOW ServiceNow Inc. | Add +5816.5% | 1.98% | +1.95 |
| GLD SPDR Gold Shares | Add +39.1% | 2.56% | +1.72 |
| PDD PDD Holdings Inc. | New | 1.36% | +1.36 |
| UBS UBS Group AG-Reg | Add +42.4% | 2.21% | +1.36 |
| AGI Alamos Gold Inc. Class A | Add +1009.0% | 1.29% | +1.25 |
| GOOGL Alphabet Inc. Class A | Add +56.0% | 1.99% | +1.14 |
| MMYT Makemytrip Ltd. | New | 0.98% | +0.98 |
| GLDM SPDR Gold Minishares Trust | Add +9.7% | 1.32% | +0.77 |
| KO The Coca-Cola Co. | Add +261.6% | 0.85% | +0.74 |
| TAL Tal Education Group- ADR | Add +225.6% | 0.80% | +0.70 |
| MA Mastercard Inc. Class A | Add +236.9% | 0.78% | +0.66 |
| TMUS T-Mobile US Inc. | Add +44.7% | 0.85% | +0.59 |
| BABA Alibaba Group Holding-SP ADR | Add +30.9% | 0.72% | +0.53 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.14% | +0.14 |
| V Visa Inc. Class A | New | 0.12% | +0.12 |
| COST Costco Wholesale Corp. | New | 0.10% | +0.10 |
| TRP TC Energy Corp. | Add +24.5% | 0.15% | +0.09 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.09% | +0.09 |
| BAC Bank of America Corp. | New | 0.06% | +0.06 |
| PEP Pepsico Inc. | New | 0.05% | +0.05 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| ED Consolidated Edison Inc. | New | 0.04% | +0.04 |
| COP Conocophillips | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | New | 0.04% | +0.04 |
| OTIS Otis Worldwide Corp. | New | 0.04% | +0.04 |
| PLD Prologis Inc. | New | 0.04% | +0.04 |
| CME Cme Group Inc. | New | 0.04% | +0.04 |
| ICE Intercontinental Exchange Inc. | New | 0.04% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.04% | +0.04 |
| AIG American International Group | New | 0.04% | +0.04 |
| VLO Valero Energy Corp. | New | 0.04% | +0.04 |
| WRB WR Berkley Corp. | New | 0.04% | +0.04 |
| PAYX Paychex Inc. | New | 0.04% | +0.04 |
| MSI Motorola Solutions Inc. | New | 0.04% | +0.04 |
| SBAC SBA Communications Corp. | New | 0.04% | +0.04 |
| WEC WEC Energy Group Inc. | New | 0.04% | +0.04 |
| KIM Kimco Realty Corp. | New | 0.04% | +0.04 |
| AMP Ameriprise Financial Inc. | New | 0.04% | +0.04 |
| UHS Universal Health Services-B | New | 0.03% | +0.03 |
| VRSN Verisign Inc. | New | 0.03% | +0.03 |
| STT State Street Corp. | New | 0.03% | +0.03 |
| BMY Bristol-Myers Squibb Co. | New | 0.03% | +0.03 |
| SEIC Sei Investments Company | New | 0.03% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.03% | +0.03 |
| ADBE Adobe Inc. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 119 | $1.6B | GOOG, AAPL, INTC, AMZN, MS |
| Q1 2026 | 125 | $1.2B | GOOG, PH, AMZN, GLD, NVDA |
| Q4 2025 | 122 | $2.3B | GOOG, AMZN, PH, ROK, AVGO |
| Q3 2025 | 98 | $2.6B | NVDA, RBLX, MSFT, AVGO, JPM |
| Q2 2025 | 97 | $2.5B | NFLX, MSFT, NVDA, META, AVGO |
| Q1 2025 | 116 | $1.6B | NFLX, WMT, SE, JPM, BSX |
| Q4 2024 | 94 | $2.9B | NFLX, JPM, WMT, MSFT, NVDA |
| Q3 2024 | 102 | $2.4B | NVDA, GEV, NFLX, UBER, WMT |
| Q2 2024 | 129 | $2.2B | MSFT, NVDA, META, AMZN, GEV |
| Q1 2024 | 161 | $2.1B | MSFT, NVDA, META, AMZN, CRM |