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

0$1.0B$2.0B$3.0B Q1 2024: $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 $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 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
HCA HCA Healthcare Inc. 0.02% 803 $277K New
MNST Monster Beverage Corp. 0.02% 4,373 $256K New
TT Trane Technologies PLC 0.02% 720 $243K Reduce -99.0%
PGR Progressive Corp. 0.02% 853 $241K Reduce -72.3%
CI The Cigna Group 0.02% 714 $235K New
ETR Entergy Corp. 0.01% 2,017 $172K New
EQIX Equinix Inc. 0.01% 201 $164K Reduce -51.9%
CBRE CBRE Group Inc. Class A 0.01% 1,190 $156K New
QCOM Qualcomm Inc. 0.01% 984 $151K New
EXC Exelon Corp. 0.01% 3,250 $150K New
SPOT Spotify Technology SA 0.01% 258 $142K New
GRAB Grab Holdings Ltd. Class A 0.00% 11,434 $52K Reduce -1.6%
ANET Arista Networks Inc. 0.00% 640 $50K New
FWONK Liberty Media Corp. Class C 0.00% 368 $33K New
FMC FMC Corp. 0.00% 71 $3K New
HD Home Depot Inc. 0.00% 3 $1K 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

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