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National Pension Service

National Pension Service Portfolio holdings

AUM $155B
1-Year Est. Return 42.54%
This Fund
S&P 500
This Quarter Est. Return
+9.87%
1 Year Est. Return
+42.54%
3 Year Est. Return
+132.45%
5 Year Est. Return
+174.69%
10 Year Est. Return
+634.7%
AUM
$129B
AUM Growth
+$12.9B
Cap. Flow
+$3.75B
Cap. Flow %
2.91%
Top 10 Hldgs %
35.68%
Holding
570
New
36
Increased
494
Reduced
7
Closed
18

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$526M
2
INFO
Harbor PanAgora Dynamic Large Cap Core ETF
INFO
+$505M
3
TGRW icon
T. Rowe Price Growth Stock ETF
TGRW
+$505M
4
LSVD
LSV Disciplined Value ETF
LSVD
+$487M
5
MSFT icon
Microsoft
MSFT
+$318M

Top Sells

Rank Stock Value
1
PBUS icon
Invesco MSCI USA ETF
PBUS
+$1.5B
2
HES
Hess
HES
+$51M
3
ANSS
Ansys
ANSS
+$48.7M
4
VTRS icon
Viatris
VTRS
+$17.3M
5
RAL
Ralliant Corp
RAL
+$8.43M

Sector Composition

Rank Sector Weight
1 Technology 33.05%
2 Financials 11.75%
3 Communication Services 10.09%
4 Consumer Discretionary 10.03%
5 Healthcare 8.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
51
McDonald's
MCD
$193B
$466M 0.36%
1,533,015
+37,744
+3% +$11.5M
AMAT icon
52
Applied Materials
AMAT
$429B
$462M 0.36%
2,257,690
+56,147
+3% +$10.2M
LIN icon
53
Linde
LIN
$220B
$460M 0.36%
967,516
+24,624
+3% +$11.7M
INTU icon
54
Intuit
INTU
$98.4B
$459M 0.36%
672,060
+16,170
+2% +$11.7M
BKNG icon
55
Booking.com
BKNG
$161B
$454M 0.35%
2,103,600
+57,350
+3% +$12.8M
ANET icon
56
Arista Networks
ANET
$259B
$451M 0.35%
3,095,191
+68,479
+2% +$8.82M
QCOM icon
57
Qualcomm
QCOM
$173B
$440M 0.34%
2,645,267
+88,418
+3% +$14M
UBER icon
58
Uber
UBER
$155B
$435M 0.34%
4,439,421
+122,307
+3% +$11.4M
VZ icon
59
Verizon
VZ
$200B
$434M 0.34%
9,878,922
+309,762
+3% +$13.4M
PEP icon
60
PepsiCo
PEP
$192B
$431M 0.33%
3,066,888
+80,153
+3% +$11.4M
MS icon
61
Morgan Stanley
MS
$343B
$424M 0.33%
2,666,076
+73,390
+3% +$10.8M
APH icon
62
Amphenol
APH
$205B
$415M 0.32%
3,357,299
+76,358
+2% +$8.38M
C icon
63
Citigroup
C
$233B
$411M 0.32%
4,044,632
+143,807
+4% +$13.6M
EWP icon
64
iShares MSCI Spain ETF
EWP
$2.21B
$401M 0.31%
8,092,278
– –
TSPA icon
65
T. Rowe Price US Equity Research ETF
TSPA
$4.46B
$399M 0.31%
9,513,375
– –
KLAC icon
66
KLA
KLAC
$274B
$397M 0.31%
3,679,090
+91,170
+3% +$8.51M
TMO icon
67
Thermo Fisher Scientific
TMO
$220B
$396M 0.31%
817,341
+20,039
+3% +$9.33M
AXP icon
68
American Express
AXP
$233B
$384M 0.3%
1,157,113
+35,016
+3% +$11.1M
NOW icon
69
ServiceNow
NOW
$132B
$380M 0.29%
2,062,595
+48,535
+2% +$9.07M
GILD icon
70
Gilead Sciences
GILD
$170B
$374M 0.29%
3,370,643
+109,230
+3% +$12.4M
SCHW
71
Charles Schwab
SCHW
$190B
$372M 0.29%
3,900,193
+60,174
+2% +$5.71M
NEM icon
72
Newmont
NEM
$120B
$367M 0.29%
4,354,264
+114,949
+3% +$8.02M
NEE icon
73
NextEra Energy
NEE
$180B
$366M 0.28%
4,845,447
+60,324
+1% +$4.41M
TJX icon
74
TJX Companies
TJX
$170B
$365M 0.28%
2,522,392
+67,940
+3% +$9.03M
PGR icon
75
Progressive
PGR
$122B
$358M 0.28%
1,449,357
+40,586
+3% +$10M
1 2
3
4 5

Similar funds

Canada Pension Plan Investment Board
Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return
California Public Employees Retirement System
California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return
T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
D.E. Shaw & Co
D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Dodge & Cox
Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return
Primecap Management
Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return
Arrowstreet Capital
Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

National Pension Service's Q3 2025 Portfolio in Review

As of Q3 2025, National Pension Service held 570 positions worth $129B, up 11% from $116B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

National Pension Service's Q3 2025 filing shows 36 new, 494 increased, 7 reduced and 18 closed positions. Its largest new stake was LSV Disciplined Value ETF: 18,162,000 shares worth $511M. The largest sale was Invesco MSCI USA ETF, an estimated $1.5B.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 32% a quarter earlier, followed by Financials and Communication Services.

  • National Pension Service's largest Q3 2025 buy was LSV Disciplined Value ETF: 18,162,000 shares worth $511M.
  • National Pension Service added most to NVIDIA in Q3 2025, an estimated $526M increase.
  • National Pension Service's biggest Q3 2025 reduction was Invesco MSCI USA ETF, cutting an estimated $1.5B.
  • National Pension Service fully exited Hess in Q3 2025, selling an estimated $51M.
  • National Pension Service's ten largest holdings make up 36% of its $129B portfolio in Q3 2025.
  • National Pension Service opened 36 new positions and closed 18 in Q3 2025.
  • National Pension Service's portfolio value rose 11% quarter-over-quarter to $129B.

Based on National Pension Service's 13F filing for Q3 2025, filed 4 Nov 2025.