We are live on ! Find out more
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
MCD icon
51
McDonald's
MCD
$195B
$476M 0.35%
1,557,348
+24,333
+2% +$7.45M
APP icon
52
Applovin
APP
$104B
$474M 0.35%
703,285
-129,141
-16% -$81.4M
DIS icon
53
Walt Disney
DIS
$178B
$472M 0.35%
4,146,503
-307,922
-7% -$33.9M
TMO icon
54
Thermo Fisher Scientific
TMO
$222B
$471M 0.35%
812,432
-4,909
-0.6% -$2.78M
C icon
55
Citigroup
C
$231B
$464M 0.34%
3,975,418
-69,214
-2% -$7.19M
PEP icon
56
PepsiCo
PEP
$189B
$451M 0.33%
3,143,939
+77,051
+3% +$11.3M
T icon
57
AT&T
T
$166B
$444M 0.33%
17,890,741
+988,174
+6% +$25M
KLAC icon
58
KLA
KLAC
$271B
$442M 0.33%
3,640,980
-38,110
-1% -$4.47M
AXP icon
59
American Express
AXP
$230B
$438M 0.32%
1,184,985
+27,872
+2% +$9.97M
APH icon
60
Amphenol
APH
$211B
$438M 0.32%
3,240,850
-116,449
-3% -$15.6M
EWP icon
61
iShares MSCI Spain ETF
EWP
$2.22B
$436M 0.32%
8,092,278
– –
QCOM icon
62
Qualcomm
QCOM
$170B
$436M 0.32%
2,549,023
-96,244
-4% -$16.5M
VZ icon
63
Verizon
VZ
$195B
$421M 0.31%
10,325,584
+446,662
+5% +$18.1M
INTU icon
64
Intuit
INTU
$90.7B
$415M 0.31%
625,963
-46,097
-7% -$30.5M
ISRG icon
65
Intuitive Surgical
ISRG
$142B
$413M 0.31%
728,944
+23,899
+3% +$12.7M
TSPA icon
66
T. Rowe Price US Equity Research ETF
TSPA
$4.43B
$407M 0.3%
9,513,375
– –
BKNG icon
67
Booking.com
BKNG
$158B
$407M 0.3%
1,899,400
-204,200
-10% -$42M
AMGN icon
68
Amgen
AMGN
$226B
$406M 0.3%
1,239,549
+55,489
+5% +$17.6M
SCHW
69
Charles Schwab
SCHW
$188B
$406M 0.3%
4,059,646
+159,453
+4% +$15.1M
TJX icon
70
TJX Companies
TJX
$170B
$396M 0.29%
2,580,800
+58,408
+2% +$8.64M
ANET icon
71
Arista Networks
ANET
$262B
$395M 0.29%
3,012,415
-82,776
-3% -$11.4M
NEE icon
72
NextEra Energy
NEE
$179B
$392M 0.29%
4,882,109
+36,662
+0.8% +$3.04M
NOW icon
73
ServiceNow
NOW
$128B
$386M 0.29%
2,522,974
+460,379
+22% +$79M
SPGI icon
74
S&P Global
SPGI
$121B
$382M 0.28%
730,755
+123,400
+20% +$61.1M
ACN icon
75
Accenture
ACN
$109B
$379M 0.28%
1,410,982
+66,242
+5% +$16.8M
1 2
3
4 5

Similar funds

Neuberger Berman Group
Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Primecap Management
Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return
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.