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National Pension Service

National Pension Service Portfolio holdings

AUM $132B
1-Year Est. Return 28.96%
This Fund
S&P 500
This Quarter Est. Return
+4.14%
1 Year Est. Return
+28.96%
3 Year Est. Return
+101.23%
5 Year Est. Return
+136.69%
10 Year Est. Return
+496.6%
AUM
$135B
AUM Growth
+$6.29B
Cap. Flow
+$3.37B
Cap. Flow %
2.5%
Top 10 Hldgs %
35.96%
Holding
577
New
25
Increased
383
Reduced
145
Closed
16

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$340M
2
CRH icon
CRH
CRH
+$246M
3
AMZN icon
Amazon
AMZN
+$207M
4
STX icon
Seagate
STX
+$194M
5
WDC icon
Western Digital
WDC
+$187M

Top Sells

Rank Stock Value
1
ALL icon
Allstate
ALL
+$99.4M
2
WDAY icon
Workday
WDAY
+$95.1M
3
SE icon
Sea Limited
SE
+$92M
4
PYPL icon
PayPal
PYPL
+$90.3M
5
CEG icon
Constellation Energy
CEG
+$90.1M

Sector Composition

Rank Sector Weight
1 Technology 32.83%
2 Financials 11.69%
3 Communication Services 10.61%
4 Consumer Discretionary 9.77%
5 Healthcare 9.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BALL icon
451
Ball Corp
BALL
$16.4B
$5.17M ﹤0.01%
97,597
+16,303
+20% +$802K
SW
452
Smurfit Westrock
SW
$25.8B
$5.1M ﹤0.01%
131,794
-741,866
-85% -$28.3M
VRSN icon
453
VeriSign
VRSN
$25.6B
$4.98M ﹤0.01%
20,513
-142,733
-87% -$35.9M
KEY icon
454
KeyCorp
KEY
$24.5B
$4.97M ﹤0.01%
240,852
+42,193
+21% +$786K
LULU icon
455
lululemon athletica
LULU
$13.7B
$4.93M ﹤0.01%
23,729
-131,778
-85% -$23.9M
BAP icon
456
Credicorp
BAP
$29.6B
$4.85M ﹤0.01%
16,907
-685
-4% -$181K
GPN icon
457
Global Payments
GPN
$23.4B
$4.78M ﹤0.01%
61,769
-351,724
-85% -$28.3M
YUMC icon
458
Yum China
YUMC
$16.4B
$4.61M ﹤0.01%
96,639
-991
-1% -$45.4K
INCY icon
459
Incyte
INCY
$24.5B
$4.59M ﹤0.01%
46,479
+27,984
+151% +$2.71M
TRMB icon
460
Trimble
TRMB
$13.1B
$4.48M ﹤0.01%
57,132
+18,897
+49% +$1.51M
IFF icon
461
International Flavors & Fragrances
IFF
$21.4B
$4.37M ﹤0.01%
64,916
-394,374
-86% -$25.5M
CDW icon
462
CDW
CDW
$17.1B
$4.32M ﹤0.01%
31,747
-208,609
-87% -$30.8M
J icon
463
Jacobs Solutions
J
$17B
$4.3M ﹤0.01%
32,432
+7,954
+32% +$1.17M
DOCU
464
DocuSign
DOCU
$11.1B
$4.23M ﹤0.01%
61,797
+40,072
+184% +$2.77M
DAL icon
465
Delta Air Lines
DAL
$59.1B
$4.18M ﹤0.01%
60,218
+39,048
+184% +$2.44M
NBIX icon
466
Neurocrine Biosciences
NBIX
$15.9B
$4.01M ﹤0.01%
28,305
+18,354
+184% +$2.66M
BAH icon
467
Booz Allen Hamilton
BAH
$9.43B
$3.99M ﹤0.01%
47,295
+17,237
+57% +$1.54M
LVS icon
468
Las Vegas Sands
LVS
$29.6B
$3.68M ﹤0.01%
56,510
+33,046
+141% +$2.02M
LII icon
469
Lennox International
LII
$14.5B
$3.55M ﹤0.01%
7,303
+3,513
+93% +$1.76M
SCCO icon
470
Southern Copper
SCCO
$165B
$3.27M ﹤0.01%
23,527
-4,461
-16% -$584K
ROL icon
471
Rollins
ROL
$17.6B
$3.08M ﹤0.01%
51,277
+29,758
+138% +$1.75M
ALLE icon
472
Allegion
ALLE
$14.1B
$3.04M ﹤0.01%
19,072
+11,287
+145% +$1.88M
TTD icon
473
Trade Desk
TTD
$6.34B
$3.03M ﹤0.01%
79,952
-680,985
-89% -$30.2M
DOW icon
474
Dow Inc
DOW
$22.1B
$3.01M ﹤0.01%
128,930
-994,608
-89% -$22.9M
RKT icon
475
Rocket Companies
RKT
$39.8B
$2.89M ﹤0.01%
+149,034
New +$2.66M
17 18
19
20 21

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Fidelity International
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Primecap Management
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Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
Schroder Investment Management Group
Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return
T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
VAM
Vanguard Asset Management London, Ec4n 8af $117B AUM

National Pension Service's Q4 2025 Portfolio in Review

As of Q4 2025, National Pension Service held 577 positions worth $135B, up 4.9% from $129B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

National Pension Service's Q4 2025 filing shows 25 new, 383 increased, 145 reduced and 16 closed positions. Its largest new stake was Spotify: 544,640 shares worth $316M. The largest sale was Allstate, an estimated $99.4M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 33% a quarter earlier, followed by Financials and Communication Services.

  • National Pension Service's largest Q4 2025 buy was Spotify: 544,640 shares worth $316M.
  • National Pension Service added most to Amazon in Q4 2025, an estimated $207M increase.
  • National Pension Service's biggest Q4 2025 reduction was Allstate, cutting an estimated $99.4M.
  • National Pension Service fully exited Kellanova in Q4 2025, selling an estimated $41.6M.
  • National Pension Service's ten largest holdings make up 36% of its $135B portfolio in Q4 2025.
  • National Pension Service opened 25 new positions and closed 16 in Q4 2025.
  • National Pension Service's portfolio value rose 4.9% quarter-over-quarter to $135B.

Based on National Pension Service's 13F filing for Q4 2025, filed 10 Feb 2026.