National Pension Service
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), National Pension Service reported 550 stock positions worth $105.7 billion. Its top holding was Apple (AAPL) at 6.4% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Microsoft (MSFT, 5.2%). Compared with Q3 2024, it opened 46 new positions, sold out of 7, added to 166 and reduced 330. The biggest buy was Broadcom (AVGO, shares +4%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- JEONJU-SI, JEOLLABUK-DO, M5
- CIK
- 0001608046
- Portfolio Value
- $105.7B (Q4 2024)
- SEC Filing
- 0001608046-25-000001 ↗ filed Feb 5, 2025
Holdings Value
Holdings 550 stocks · $105.7B
| AAPL Apple Inc. | 6.42% | 27,094,436 | $6.8B | Reduce -2.8% |
| NVDA Nvidia Corp. | 5.85% | 46,024,368 | $6.2B | Reduce -2.5% |
| MSFT Microsoft Corp. | 5.23% | 13,120,218 | $5.5B | Reduce -0.8% |
| PBUS Invesco MSCI USA ETF | 3.94% | 70,631,785 | $4.2B | Reduce -2.3% |
| AMZN Amazon.com Inc. | 3.55% | 17,083,851 | $3.7B | Add +1.0% |
| META Meta Platforms Inc. Class A | 2.34% | 4,230,139 | $2.5B | Reduce -2.0% |
| IVV iShares Core S&P 500 ETF | 2.30% | 4,119,355 | $2.4B | No change |
| GOOGL Alphabet Inc. Class A | 2.00% | 11,156,601 | $2.1B | Reduce -1.1% |
| TSLA Tesla Inc. | 1.98% | 5,167,846 | $2.1B | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.89% | 8,593,557 | $2.0B | Add +3.9% |
| GOOG Alphabet Inc. Class C | 1.74% | 9,632,216 | $1.8B | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 1.15% | 5,077,397 | $1.2B | Reduce -3.5% |
| LLY Eli Lilly & Co. | 1.13% | 1,553,390 | $1.2B | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.98% | 2,287,756 | $1.0B | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.85% | 8,336,824 | $896.8M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 0.83% | 1,731,922 | $876.1M | Add +1.6% |
| V Visa Inc. Class A | 0.82% | 2,756,730 | $871.2M | Reduce -6.9% |
| WMT Walmart Inc. | 0.76% | 8,883,034 | $802.6M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.76% | 1,522,310 | $801.6M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.72% | 4,533,281 | $760.0M | Add +5.3% |
| NFLX Netflix Inc. | 0.72% | 849,838 | $757.5M | Reduce -2.1% |
| COST Costco Wholesale Corp. | 0.71% | 822,633 | $753.8M | Add +1.2% |
| HD Home Depot Inc. | 0.69% | 1,862,842 | $724.6M | Add +0.2% |
| CRM Salesforce Inc. | 0.65% | 2,047,920 | $684.7M | Add +6.7% |
| JNJ Johnson & Johnson | 0.63% | 4,586,490 | $663.3M | Add +0.4% |
| ABBV Abbvie Inc. | 0.57% | 3,416,539 | $607.1M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 12,669,330 | $556.8M | Reduce -6.2% |
| ORCL Oracle Corp. | 0.51% | 3,240,399 | $540.0M | Add +0.1% |
| KO The Coca-Cola Co. | 0.51% | 8,644,921 | $538.2M | Add +13.5% |
| CSCO Cisco Systems Inc. | 0.50% | 8,916,569 | $527.9M | Add +6.3% |
| MRK Merck & Co. Inc. | 0.47% | 4,961,448 | $493.6M | Add +3.7% |
| CVX Chevron Corp. | 0.45% | 3,286,856 | $476.1M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 2,129,145 | $468.0M | Add +7.4% |
| ACN Accenture PLC Class A | 0.43% | 1,288,605 | $453.3M | Add +1.1% |
| WFC Wells Fargo & Co. | 0.43% | 6,395,484 | $449.2M | Reduce -5.8% |
| MCD McDonald's Corp. | 0.42% | 1,521,262 | $441.0M | Add +3.8% |
| PM Philip Morris International | 0.41% | 3,579,451 | $430.8M | Add +17.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 3,741,972 | $416.7M | Add +1.1% |
| PEP Pepsico Inc. | 0.39% | 2,706,204 | $411.5M | Add +6.2% |
| NOW ServiceNow Inc. | 0.39% | 383,968 | $407.1M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.37% | 9,875,465 | $394.9M | Add +7.0% |
| ISRG Intuitive Surgical Inc. | 0.37% | 754,521 | $393.8M | Add +16.3% |
| ADBE Adobe Inc. | 0.37% | 876,955 | $390.0M | Reduce -0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 744,979 | $387.6M | Add +6.0% |
| ABT Abbott Laboratories | 0.37% | 3,424,890 | $387.4M | Add +6.6% |
| LIN Linde PLC | 0.37% | 922,750 | $386.3M | Reduce -1.9% |
| AMD Advanced Micro Devices | 0.36% | 3,141,559 | $379.5M | Add +0.1% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 2,254,637 | $376.1M | Add +1.7% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 4,943,328 | $373.9M | Add +64.8% |
| QCOM Qualcomm Inc. | 0.35% | 2,426,064 | $372.7M | Add +1.1% |
| TXN Texas Instruments Inc. | 0.34% | 1,913,902 | $358.9M | Add +6.5% |
| T AT&T Inc. | 0.34% | 15,700,689 | $357.5M | Reduce -0.4% |
| INTU Intuit Inc. | 0.33% | 562,583 | $353.6M | Reduce -10.2% |
| TSPA T Rowe Price US Eqy Research | 0.33% | 9,513,375 | $351.7M | No change |
| GS Goldman Sachs Group Inc. | 0.33% | 601,868 | $344.6M | Reduce -9.2% |
| BKNG Booking Holdings Inc. | 0.33% | 69,305 | $344.3M | Reduce -15.6% |
| CAT Caterpillar Inc. | 0.32% | 922,596 | $334.7M | Reduce -9.7% |
| RTX RTX Corp. | 0.31% | 2,859,573 | $330.9M | Add +15.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 2,702,515 | $326.5M | Add +2.5% |
| BLK BlackRock Inc. | 0.30% | 314,207 | $322.1M | New |
| AXP American Express Co. | 0.30% | 1,082,450 | $321.3M | Reduce -6.1% |
| NEE Nextera Energy Inc. | 0.30% | 4,457,023 | $319.5M | Add +12.5% |
| PFE Pfizer Inc. | 0.30% | 11,855,947 | $314.5M | Add +3.0% |
| SPGI S&P Global Inc. | 0.30% | 627,111 | $312.3M | Add +8.3% |
| CMCSA Comcast Corp. Class A | 0.29% | 8,231,312 | $308.9M | Reduce -5.4% |
| DHR Danaher Corp. | 0.29% | 1,327,240 | $304.7M | Reduce -0.5% |
| ANET Arista Networks Inc. | 0.28% | 2,720,596 | $300.7M | Add +10.6% |
| GILD Gilead Sciences Inc. | 0.28% | 3,250,202 | $300.2M | Add +15.8% |
| BSX Boston Scientific Corp. | 0.28% | 3,350,204 | $299.2M | Reduce -4.9% |
| PGR Progressive Corp. | 0.28% | 1,266,172 | $297.8M | Add +16.2% |
| AMAT Applied Materials Inc. | 0.28% | 1,805,483 | $293.6M | Reduce -10.0% |
| MS Morgan Stanley | 0.28% | 2,313,928 | $290.9M | Reduce -2.4% |
| AMGN Amgen Inc. | 0.27% | 1,093,563 | $285.0M | Add +2.8% |
| HON Honeywell International Inc. | 0.27% | 1,252,816 | $283.0M | Add +5.5% |
| LOW Lowe's Cos Inc. | 0.26% | 1,131,357 | $279.2M | Reduce -0.6% |
| ETN Eaton Corp. PLC | 0.26% | 830,125 | $275.5M | Reduce -4.1% |
| ADP Automatic Data Processing | 0.26% | 924,489 | $270.6M | Add +22.4% |
| UNP Union Pacific Corp. | 0.25% | 1,163,405 | $265.3M | Add +5.2% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 4,668,824 | $264.1M | Reduce -0.1% |
| C Citigroup Inc. | 0.25% | 3,719,261 | $261.8M | Reduce -3.0% |
| TMUS T-Mobile US Inc. | 0.24% | 1,159,434 | $255.9M | Reduce -5.9% |
| EWP iShares MSCI Spain ETF | 0.24% | 8,092,278 | $251.7M | No change |
| PANW Palo Alto Networks Inc. | 0.23% | 1,345,740 | $244.9M | Reduce -8.9% |
| DE Deere & Co. | 0.22% | 560,358 | $237.4M | Add +13.9% |
| COP Conocophillips | 0.22% | 2,379,969 | $236.0M | Add +1.3% |
| SYK Stryker Corp. | 0.22% | 649,670 | $233.9M | Reduce -11.4% |
| UBER Uber Technologies Inc. | 0.22% | 3,855,816 | $232.6M | Add +1.8% |
| BX Blackstone Inc. | 0.22% | 1,344,801 | $231.9M | Reduce -4.4% |
| EQIX Equinix Inc. | 0.22% | 243,149 | $229.3M | Add +1.3% |
| CB Chubb Ltd. | 0.21% | 814,607 | $225.1M | Add +0.2% |
| MO Altria Group Inc. | 0.21% | 4,232,359 | $221.3M | Add +4.9% |
| ADI Analog Devices Inc. | 0.21% | 1,039,475 | $220.8M | Add +0.8% |
| SHW The Sherwin-Williams Co. | 0.21% | 647,620 | $220.1M | Add +29.7% |
| MU Micron Technology Inc. | 0.21% | 2,605,763 | $219.3M | Add +1.1% |
| LRCX Lam Research Corp. | 0.21% | 3,034,748 | $219.2M | New |
| MDT Medtronic PLC | 0.21% | 2,726,075 | $217.8M | Add +1.8% |
| MSI Motorola Solutions Inc. | 0.21% | 470,878 | $217.7M | Add +22.9% |
| MRVL Marvell Technology Inc. | 0.20% | 1,942,528 | $214.6M | Add +2.0% |
| SO The Southern Co. | 0.20% | 2,600,074 | $214.0M | Add +7.4% |
| PLD Prologis Inc. | 0.20% | 2,022,706 | $213.8M | Add +0.0% |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -0.8% | 5.23% | −0.26 |
| XOM Exxon Mobil Corp. | Reduce -2.2% | 0.85% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -10.0% | 0.28% | −0.11 |
| DHI D.R. Horton Inc. | Reduce -32.1% | 0.10% | −0.10 |
| MELI MercadoLibre Inc. | Reduce -19.8% | 0.16% | −0.08 |
| CTVA Corteva Inc. | Reduce -57.5% | 0.05% | −0.07 |
| ADBE Adobe Inc. | Reduce -0.2% | 0.37% | −0.07 |
| DHR Danaher Corp. | Reduce -0.5% | 0.29% | −0.07 |
| CAT Caterpillar Inc. | Reduce -9.7% | 0.32% | −0.07 |
| OTIS Otis Worldwide Corp. | Reduce -51.9% | 0.05% | −0.07 |
| LIN Linde PLC | Reduce -1.9% | 0.37% | −0.07 |
| PBUS Invesco MSCI USA ETF | Reduce -2.3% | 3.94% | −0.07 |
| ON On Semiconductor | Reduce -57.8% | 0.04% | −0.07 |
| DOW Dow Inc. | Reduce -49.0% | 0.04% | −0.06 |
| NUE Nucor Corp. | Reduce -49.8% | 0.04% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -5.4% | 0.29% | −0.06 |
| AIG American International Group | Reduce -35.2% | 0.10% | −0.06 |
| HUM Humana Inc. | Reduce -42.8% | 0.05% | −0.06 |
| EA Electronic Arts Inc. | Reduce -48.2% | 0.06% | −0.06 |
| EXC Exelon Corp. | Reduce -48.8% | 0.05% | −0.06 |
| AMT American Tower Corp. | Reduce -0.7% | 0.18% | −0.06 |
| AME Ametek Inc. | Reduce -55.1% | 0.05% | −0.05 |
| MCHP Microchip Technology Inc. | Reduce -35.9% | 0.04% | −0.05 |
| NOC Northrop Grumman Corp. | Reduce -16.7% | 0.13% | −0.05 |
| CNC Centene Corp. | Reduce -33.8% | 0.05% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -12.9% | 0.14% | −0.05 |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | Sold out | 0.00% | −0.05 |
| HSY The Hershey Co. | Reduce -49.7% | 0.04% | −0.05 |
| MPC Marathon Petroleum Corp. | Reduce -17.9% | 0.11% | −0.05 |
| XEL Xcel Energy Inc. | Reduce -55.0% | 0.04% | −0.05 |
| IQV Iqvia Holdings Inc. | Reduce -34.0% | 0.05% | −0.05 |
| KLAC KLA Corp. | Reduce -0.7% | 0.18% | −0.05 |
| A Agilent Technologies Inc. | Reduce -38.1% | 0.06% | −0.05 |
| MNST Monster Beverage Corp. | Reduce -46.1% | 0.05% | −0.04 |
| IDXX Idexx Laboratories Inc. | Reduce -36.7% | 0.05% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -17.2% | 0.14% | −0.04 |
| GIS General Mills Inc. | Reduce -34.3% | 0.05% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -34.0% | 0.05% | −0.04 |
| ROK Rockwell Automation Inc. | Reduce -54.5% | 0.04% | −0.04 |
| CSGP Costar Group Inc. | Reduce -51.8% | 0.03% | −0.04 |
| INTU Intuit Inc. | Reduce -10.2% | 0.33% | −0.04 |
| EW Edwards Lifesciences Corp. | Reduce -45.2% | 0.06% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 2.34% | −0.04 |
| PH Parker Hannifin Corp. | Reduce -18.7% | 0.16% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 0.98% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -25.1% | 0.12% | −0.04 |
| YUM Yum! Brands Inc. | Reduce -36.9% | 0.05% | −0.04 |
| F Ford Motor Co. | Reduce -28.6% | 0.07% | −0.04 |
| SYK Stryker Corp. | Reduce -11.4% | 0.22% | −0.03 |
| SYY Sysco Corp. | Reduce -33.9% | 0.06% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +3.9% | 1.89% | +0.51 |
| AMZN Amazon.com Inc. | Add +1.0% | 3.55% | +0.51 |
| BLK BlackRock Inc. | New | 0.30% | +0.30 |
| PLTR Palantir Technologies Inc. Class A | Add +64.8% | 0.35% | +0.25 |
| LRCX Lam Research Corp. | New | 0.21% | +0.21 |
| CRM Salesforce Inc. | Add +6.7% | 0.65% | +0.14 |
| RCL Royal Caribbean Cruises Ltd. | Add +138.9% | 0.19% | +0.13 |
| FICO Fair Isaac Corp. | Add +104.9% | 0.15% | +0.08 |
| WMT Walmart Inc. | Add +1.1% | 0.76% | +0.08 |
| TTD Trade Desk Inc./the Class A | Add +104.1% | 0.14% | +0.08 |
| MRVL Marvell Technology Inc. | Add +2.0% | 0.20% | +0.07 |
| CSCO Cisco Systems Inc. | Add +6.3% | 0.50% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +88.8% | 0.13% | +0.07 |
| ISRG Intuitive Surgical Inc. | Add +16.3% | 0.37% | +0.07 |
| CEG Constellation Energy | Add +91.2% | 0.17% | +0.06 |
| APO Apollo Global Management Inc. | Add +49.2% | 0.13% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +40.3% | 0.14% | +0.06 |
| GILD Gilead Sciences Inc. | Add +15.8% | 0.28% | +0.06 |
| ANET Arista Networks Inc. | Add +10.6% | 0.28% | +0.06 |
| KMI Kinder Morgan Inc. | Add +55.6% | 0.12% | +0.06 |
| ADP Automatic Data Processing | Add +22.4% | 0.26% | +0.05 |
| FLUT Flutter Entertainment PLC-Di | New | 0.05% | +0.05 |
| ALL Allstate Corp. | Add +69.7% | 0.13% | +0.05 |
| OKE Oneok Inc. | Add +65.3% | 0.12% | +0.05 |
| PM Philip Morris International | Add +17.5% | 0.41% | +0.05 |
| DIS The Walt Disney Co. | Add +1.1% | 0.39% | +0.05 |
| TGRW T Rowe Price Growth Stock Et | Add +41.1% | 0.16% | +0.05 |
| ROST Ross Stores Inc. | Add +39.8% | 0.18% | +0.05 |
| INFO Harbor Panagora DYC LCC ETF | New | 0.05% | +0.05 |
| BA The Boeing Co. | Add +15.5% | 0.19% | +0.05 |
| AMP Ameriprise Financial Inc. | Add +47.7% | 0.11% | +0.04 |
| PYPL PayPal Holdings Inc. | Add +18.2% | 0.20% | +0.04 |
| MA Mastercard Inc. Class A | Add +1.1% | 0.76% | +0.04 |
| STX Seagate Technology Holdings | New | 0.04% | +0.04 |
| MSI Motorola Solutions Inc. | Add +22.9% | 0.21% | +0.04 |
| TGT Target Corp. | Add +46.5% | 0.20% | +0.04 |
| URI United Rentals Inc. | Add +79.8% | 0.11% | +0.04 |
| WDAY Workday Inc. Class A | Add +22.5% | 0.17% | +0.04 |
| SW Smurfit Westrock PLC | Add +833.3% | 0.04% | +0.03 |
| WMB Williams Cos Inc. | Add +13.8% | 0.14% | +0.03 |
| FTNT Fortinet Inc. | Add +2.9% | 0.18% | +0.03 |
| HON Honeywell International Inc. | Add +5.5% | 0.27% | +0.03 |
| BNY Bank of New York Mellon Corp. | Add +17.6% | 0.16% | +0.03 |
| EXE Expand Energy Corp. | New | 0.03% | +0.03 |
| KKR KKR & Co. Inc. | Add +7.2% | 0.18% | +0.03 |
| MCO Moody's Corp. | Add +20.5% | 0.19% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.03% | +0.03 |
| DE Deere & Co. | Add +13.9% | 0.22% | +0.03 |
| KEY Keycorp | Add +1124.8% | 0.03% | +0.03 |
| PNR Pentair PLC | Add +726.4% | 0.03% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 551 | $155.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 562 | $131.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 561 | $135.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 552 | $128.8B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 534 | $115.8B | NVDA, MSFT, AAPL, PBUS, AMZN |
| Q1 2025 | 540 | $104.0B | AAPL, NVDA, MSFT, PBUS, AMZN |
| Q4 2024 | 550 | $105.7B | AAPL, NVDA, MSFT, PBUS, AMZN |
| Q3 2024 | 511 | $103.7B | AAPL, NVDA, MSFT, PBUS, AMZN |
| Q2 2024 | 546 | $87.0B | AAPL, MSFT, NVDA, PBUS, AMZN |
| Q1 2024 | 539 | $83.3B | MSFT, AAPL, PBUS, NVDA, AMZN |