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Institution

National Pension Service

13F for the quarter to June 30, 2026, filed August 13, 2026 · SEC CIK 1608046

Reported value
$155.1bn
89% in companies we cover
Positions we cover
532
Largest NVDA 6.6%
Copy, a year
+13.9%
S&P 500 +13.4%
Copy Sharpe ratio
0.73
S&P 500 0.72

How copying its 13F would have done

$10.0k$20.0k$40.0k 2014201620182020202220242026 $47.4k$45.2k
CopyS&P 500 $10,000 copying National Pension Service's filed holdings in companies we cover from November 14, 2014, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.3% (S&P 500 −31.8%); beta 1.01; alpha +0.3% a year (t = 0.81); last 12 months +11.7% against +12.1%.

Reported value by quarter

National Pension Service: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $20T $40T $60T Reported value, 2014-09-30: $6.3B Reported value, 2014-12-31: $5.9B Reported value, 2015-03-31: $6.9B Reported value, 2015-06-30: $7.7B Reported value, 2015-09-30: $7.9B Reported value, 2015-12-31: $9.5B Reported value, 2016-03-31: $10B Reported value, 2016-06-30: $11.3B Reported value, 2016-09-30: $12.5B Reported value, 2016-12-31: $14.6B Reported value, 2017-03-31: $14.9B Reported value, 2017-06-30: $16.8B Reported value, 2017-09-30: $18.2B Reported value, 2017-12-31: $20B Reported value, 2018-03-31: $20.2B Reported value, 2018-06-30: $22.1B Reported value, 2018-09-30: $24.6B Reported value, 2018-12-31: $24.2B Reported value, 2019-03-31: $26B Reported value, 2019-06-30: $29.9B Reported value, 2019-09-30: $31.6B Reported value, 2019-12-31: $36.5B Reported value, 2020-03-31: $29.5B Reported value, 2020-06-30: $35B Reported value, 2020-09-30: $38.1B Reported value, 2020-12-31: $43.9B Reported value, 2021-03-31: $47.8B Reported value, 2021-06-30: $52.6B Reported value, 2021-09-30: $52.5B Reported value, 2021-12-31: $57.3B Reported value, 2022-03-31: $54.8B Reported value, 2022-06-30: $48.5B Reported value, 2022-09-30: $47.9T Reported value, 2022-12-31: $50.8T Reported value, 2023-03-31: $54.9B Reported value, 2023-06-30: $62B Reported value, 2023-09-30: $62.5B Reported value, 2023-12-31: $71.8B Reported value, 2024-03-31: $83.3B Reported value, 2024-06-30: $87B Reported value, 2024-09-30: $103.7B Reported value, 2024-12-31: $105.7B Reported value, 2025-03-31: $104B Reported value, 2025-06-30: $115.8B Reported value, 2025-09-30: $128.8B Reported value, 2025-12-31: $135.1B Reported value, 2026-03-31: $131.7B Reported value, 2026-06-30: $155.1B 2014-09-30 2017-03-31 2019-09-30 2022-03-31 2026-06-30 $155.1B
View chart data
Period Reported value
2014-09-30 $6.3B
2014-12-31 $5.9B
2015-03-31 $6.9B
2015-06-30 $7.7B
2015-09-30 $7.9B
2015-12-31 $9.5B
2016-03-31 $10B
2016-06-30 $11.3B
2016-09-30 $12.5B
2016-12-31 $14.6B
2017-03-31 $14.9B
2017-06-30 $16.8B
2017-09-30 $18.2B
2017-12-31 $20B
2018-03-31 $20.2B
2018-06-30 $22.1B
2018-09-30 $24.6B
2018-12-31 $24.2B
2019-03-31 $26B
2019-06-30 $29.9B
2019-09-30 $31.6B
2019-12-31 $36.5B
2020-03-31 $29.5B
2020-06-30 $35B
2020-09-30 $38.1B
2020-12-31 $43.9B
2021-03-31 $47.8B
2021-06-30 $52.6B
2021-09-30 $52.5B
2021-12-31 $57.3B
2022-03-31 $54.8B
2022-06-30 $48.5B
2022-09-30 $47.9T
2022-12-31 $50.8T
2023-03-31 $54.9B
2023-06-30 $62B
2023-09-30 $62.5B
2023-12-31 $71.8B
2024-03-31 $83.3B
2024-06-30 $87B
2024-09-30 $103.7B
2024-12-31 $105.7B
2025-03-31 $104B
2025-06-30 $115.8B
2025-09-30 $128.8B
2025-12-31 $135.1B
2026-03-31 $131.7B
2026-06-30 $155.1B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation6.56%$10.2bn50.83M−0.9% Reduced
AAPLApple Inc.5.88%$9.1bn31.52M+1.6% Added
MSFTMicrosoft Corporation3.67%$5.7bn15.24M+2.2% Added
AMZNAmazon3.22%$5.0bn20.97M+2.6% Added
GOOGLAlphabet Inc. (Class A)3.02%$4.7bn13.10M+2.4% Added
AVGOBroadcom2.34%$3.6bn9.61M+2.5% Added
MUMicron Technology2.15%$3.3bn2.89M+0.4%
METAMeta Platforms1.76%$2.7bn4.85M+3.3% Added
TSLATesla, Inc.1.63%$2.5bn6.02M+2.2% Added
AMDAdvanced Micro Devices1.35%$2.1bn3.60M+1.4% Added
LLYLilly (Eli)1.30%$2.0bn1.68M+1.3% Added
JPMJPMorgan Chase1.17%$1.8bn5.55M+0.7% Added
LRCXLam Research0.94%$1.5bn3.36M−0.1%
AMATApplied Materials0.92%$1.4bn1.96M+0.5% Added
INTCIntel0.90%$1.4bn10.00M−2.0% Reduced
JNJJohnson & Johnson0.86%$1.3bn5.23M+1.3% Added
VVisa Inc.0.77%$1.2bn3.46M+1.7% Added
WMTWalmart0.75%$1.2bn10.31M+3.5% Added
CSCOCisco0.74%$1.1bn9.71M+0.9% Added
KLACKLA Corporation0.71%$1.1bn3.63M+899.4% Added
CATCaterpillar Inc.0.69%$1.1bn1.01M+2.2% Added
ABBVAbbVie0.65%$1.0bn4.01M+1.5% Added
GEGE Aerospace0.59%$910.5m2.44M+1.9% Added
COSTCostco0.58%$904.3m966.7K+3.6% Added
MAMastercard0.57%$887.0m1.73M+0.3%
BACBank of America0.57%$885.3m15.54M+0.3%
WDCWestern Digital0.57%$882.0m1.38M−4.0% Reduced
MRVLMarvell Technology0.54%$833.1m2.80M−2.5% Reduced
PGProcter & Gamble0.53%$826.9m5.64M+3.1% Added
UNHUnitedHealth Group0.53%$818.9m1.97M+1.2% Added
STXSeagate Technology0.52%$805.5m834.7K+0.8% Added
HDThe Home Depot0.51%$791.2m2.24M+2.5% Added
KOThe Coca-Cola Company0.49%$759.9m9.35M+0.7% Added
CVXChevron Corporation0.48%$750.2m4.53M+1.0% Added
MRKMerck & Co.0.48%$744.2m5.79M+0.5% Added
NFLXNetflix0.45%$693.9m9.72M+2.8% Added
GSGoldman Sachs0.44%$678.1m670.5K−0.6% Reduced
PMPhilip Morris International0.43%$675.3m3.73M+3.3% Added
PANWPalo Alto Networks0.43%$667.0m1.96M−9.1% Reduced
GEVGE Vernova0.43%$663.3m564.6K+3.0% Added
IBMIBM0.43%$660.8m2.35M+2.8% Added
TXNTexas Instruments0.41%$632.1m2.12M+0.9% Added
LINLinde plc0.40%$623.7m1.20M+0.2%
MSMorgan Stanley0.40%$618.9m2.96M+0.3%
PLTRPalantir Technologies Inc.0.39%$610.6m5.23M+1.0% Added
WFCWells Fargo0.39%$605.5m7.33M+0.1%
SPCXSpace Exploration Technologies Corp0.39%$598.0m3.50MNew
APHAmphenol0.38%$595.6m3.38M+1.6% Added
ORCLOracle Corporation0.37%$567.8m3.87M+2.7% Added
ADIAnalog Devices0.36%$557.0m1.40M−0.1%
RTXRTX Corporation0.36%$555.8m2.93M+3.6% Added
CCitigroup0.36%$554.1m3.96M−2.3% Reduced
GLWCorning Inc.0.35%$542.6m2.12M−3.1% Reduced
ANETArista Networks0.34%$521.3m3.07M+1.9% Added
QCOMQualcomm0.31%$475.2m2.57M+0.7% Added
AMGNAmgen0.30%$465.7m1.29M+1.0% Added
WELLWelltower0.29%$457.4m2.02M+3.2% Added
PEPPepsiCo0.29%$456.1m3.37M+4.2% Added
NEENextEra Energy0.29%$455.2m5.19M+1.8% Added
VZVerizon0.29%$453.7m10.71M+1.2% Added
MCDMcDonald's0.29%$448.3m1.66M+2.7% Added
TMOThermo Fisher Scientific0.27%$422.1m841.9K+1.5% Added
DISThe Walt Disney Company0.27%$417.5m4.34M+2.5% Added
SCHWCharles Schwab Corporation0.27%$416.4m4.51M+0.6% Added
TJXTJX Companies0.26%$406.9m2.69M+1.6% Added
AXPAmerican Express0.26%$402.9m1.19M+0.8% Added
DEDeere & Company0.26%$402.3m634.2K+0.4%
CRWDCrowdStrike0.26%$396.2m519.2K+0.6% Added
CBChubb Limited0.25%$391.2m1.15M−1.1% Reduced
GILDGilead Sciences0.25%$386.9m3.06M+1.4% Added
PLDPrologis0.25%$383.7m2.83M+1.0% Added
ABTAbbott Laboratories0.25%$381.9m4.21M+2.8% Added
UNPUnion Pacific Corporation0.24%$377.0m1.39M+2.8% Added
TAT&T0.24%$369.4m17.85M+2.5% Added
ETNEaton Corporation0.24%$368.5m864.7K+3.5% Added
BABoeing0.23%$360.6m1.67M+1.0% Added
MOAltria0.23%$359.7m5.00M+2.8% Added
BKNGBooking Holdings0.23%$359.4m2.02M+2475.2% Added
PHParker Hannifin0.23%$359.1m367.1K+3.0% Added
CVSCVS Health0.23%$352.2m3.40M−0.5%
PFEPfizer0.23%$349.9m14.53M+1.3% Added
COPConocoPhillips0.22%$342.2m3.29M+2.3% Added
LMTLockheed Martin0.21%$331.3m650.3K+2.5% Added
EQIXEquinix0.21%$331.3m317.8K−0.4%
UBERUber0.21%$328.7m4.56M−0.4%
NEMNewmont0.21%$328.6m3.52M+1.3% Added
CRMSalesforce0.21%$322.3m2.06M−4.9% Reduced
RCLRoyal Caribbean Group0.21%$322.1m1.01M+1.5% Added
BNYBNY Mellon0.21%$321.5m2.22M−0.8% Reduced
BMYBristol Myers Squibb0.21%$321.4m5.58M+0.8% Added
BLKBlackRock0.20%$315.2m327.8K+2.1% Added
MCKMcKesson0.20%$307.6m407.1K+2.7% Added
GMGeneral Motors0.20%$307.2m3.98M+0.1%
LOWLowe's0.20%$306.0m1.39M+2.8% Added
JCIJohnson Controls0.20%$305.0m2.09M−0.6% Reduced
APPApplovin Corp0.20%$301.9m586.0K+5.0% Added
HWMHowmet Aerospace0.19%$298.7m1.11M+3.7% Added
ISRGIntuitive Surgical0.19%$298.2m749.8K+3.1% Added
SPGIS&P Global0.19%$298.1m732.1K+1.0% Added
CMICummins0.19%$296.8m416.2K+0.4%
COFCapital One0.19%$295.4m1.47M+1.6% Added
PGRProgressive Corporation0.19%$292.0m1.34M+3.2% Added
DHRDanaher Corporation0.18%$285.9m1.50M+2.8% Added
SBUXStarbucks0.18%$285.7m2.80M+1.4% Added
CDNSCadence Design Systems Inc0.18%$285.5m760.7K+0.9% Added
ROSTRoss Stores0.18%$284.4m1.34M−0.4%
DELLDell Technologies0.18%$282.1m653.9K−10.7% Reduced
SOSouthern Company0.18%$280.7m2.93M+1.9% Added
SRESempra0.18%$280.0m3.02M+0.5%
SPOTSpotify Technology S.a.0.18%$277.9m605.2K+5.7% Added
SPGSimon Property Group0.18%$273.5m1.22M+0.8% Added
AEPAmerican Electric Power0.17%$269.6m1.97M+1.1% Added
DUKDuke Energy0.17%$268.9m2.12M+1.8% Added
NOWServiceNow0.17%$268.6m2.71M+5.8% Added
VRTXVertex Pharmaceuticals0.17%$268.0m539.5K+1.4% Added
GDGeneral Dynamics0.17%$267.8m756.1K+2.2% Added
CSXCSX Corporation0.17%$264.6m5.57M+0.8% Added
TRVThe Travelers Companies0.17%$263.1m796.9K0.0%
TTTrane Technologies0.17%$261.7m532.9K+2.5% Added
CMCSAComcast0.17%$259.9m10.59M+2.2% Added
UPSUnited Parcel Service0.17%$255.8m2.38M+1.5% Added
AMTAmerican Tower0.16%$253.8m1.55M+1.2% Added
EOGEOG Resources0.16%$253.8m1.96M+0.5% Added
MDTMedtronic0.16%$247.4m3.16M+2.7% Added
PNCPNC Financial Services0.16%$246.6m1.00M+1.8% Added
USBU.S. Bancorp0.16%$246.1m4.07M+1.6% Added
ADBEAdobe Inc.0.16%$245.9m1.20M+3.4% Added
WMBWilliams Companies0.16%$245.8m3.31M+2.8% Added
NXPINXP Semiconductors0.16%$244.1m868.4K0.0%
FCXFreeport-McMoRan0.15%$240.8m3.83M−0.7% Reduced
MPCMarathon Petroleum0.15%$237.4m928.5K+0.6% Added
REGNRegeneron Pharmaceuticals0.15%$236.8m379.8K+2.2% Added
SHWSherwin-Williams0.15%$236.0m685.4K+0.9% Added
NETCloudflare, Inc.0.15%$235.5m960.0K+1.6% Added
ADPAutomatic Data Processing0.15%$231.0m1.03M+5.2% Added
HCAHCA Healthcare0.15%$230.7m591.6K+0.5%
HOODRobinhood Markets0.15%$230.5m2.30M+5.1% Added
ELVElevance Health0.15%$228.1m589.7K−0.5%
SYKStryker Corporation0.15%$227.1m721.2K+2.4% Added
MMM3M0.15%$226.9m1.40M+3.6% Added
MCOMoody's Corporation0.15%$226.9m500.9K+0.3%
PWRQuanta Services0.14%$224.6m311.9K+9.0% Added
MARMarriott International0.14%$224.4m605.6K−1.2% Reduced
TELTE Connectivity0.14%$222.2m1.10M+2.5% Added
WMWaste Management0.14%$220.0m987.2K+4.3% Added
CICigna0.14%$218.9m794.2K+1.1% Added
CLColgate-Palmolive0.14%$218.6m2.38M+2.5% Added
CRHCRH plc0.14%$216.2m2.02M+5.9% Added
ECLEcolab0.14%$214.0m768.3K+0.8% Added
VRTVertiv0.14%$213.9m639.0K+10.1% Added
CompanyBought (value)Shares
KLACKLA Corporation$986.9m3.27M
SPCXSpace Exploration Technologies Corp$598.0m3.50M
BKNGBooking Holdings$345.4m1.94M
MRSHMarsh McLennan$188.1m1.13M
HONHoneywell Technologies$168.1m750.6K
HONAHoneywell Aerospace$165.9m750.6K
AAPLApple Inc.$144.2m498.2K
AMZNAmazon$125.9m528.4K
MSFTMicrosoft Corporation$120.2m322.3K
GOOGLAlphabet Inc. (Class A)$109.0m304.9K
COHRCoherent Corp.$100.0m253.5K
CCLCarnival Corporation$92.2m3.23M
METAMeta Platforms$87.5m155.4K
AVGOBroadcom$86.9m230.2K
LITELumentum$85.8m100.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NVDANVIDIA Corporation−$88.0m−439.6K
PANWPalo Alto Networks−$66.6m−195.4K
PEverpure−$43.6m−553.8K
VMRKVivmark Residential−$41.2m−606.0K
LHLabcorp−$41.0m−146.5K
AERAercap Holdings N.V.−$40.8m−279.9K
OMCOmnicom Group−$38.3m−525.5K
WDCWestern Digital−$36.4m−57.1K
DLTRDollar Tree−$35.9m−296.4K
MKLMarkel Group Inc.−$35.3m−18.1K
STZConstellation Brands−$34.8m−250.3K
HPQHP Inc.−$34.2m−1.56M
DELLDell Technologies−$33.9m−78.6K
VLTOVeralto−$33.5m−377.2K
ULTAUlta Beauty−$33.2m−73.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PINSPinterest, Inc.$3.8m204.8K
ITGartner$3.3m20.9K
GDDYGodaddy Inc.$3.1m37.1K
UHSUniversal Health Services$3.0m16.6K
HUBSHubspot Inc$2.9m11.9K
SOLVSolventum$2.4m37.0K
TTDTrade Desk, Inc.$2.2m94.9K
TALTAL Education Group$1.3m117.0K
ZBRAZebra Technologies$1.2m5.7K
BLDRBuilders Firstsource, Inc.$1.2m14.5K
JKHYJack Henry & Associates Inc$1.0m6.5K
ZZillow Group, Inc.$1.0m24.3K
EQHEquitable Holdings, Inc.$923,48224.9K
STNEStoneco Ltd.$909,66764.4K
DKNGDraftkings Inc.$858,96339.7K
DOCHealthpeak Properties$740,04045.0K
ACMAecom$694,8458.2K
UDRUDR, Inc.$663,03419.6K
BAHBooz Allen Hamilton Holding Corp$637,8178.2K
SNAPSnap Inc$599,702130.4K
BAXBaxter International$583,49834.7K
OKLOOklo Inc.$516,87710.4K
HRLHormel Foods$383,19316.9K
MNDYMonday.com Ltd.$197,3782.9K
  • Technology40.1%
  • Financials10.7%
  • Industrials9.9%
  • Consumer Discretionary9.7%
  • Health Care9.5%
  • Communication Services7.5%
  • Consumer Staples4.8%
  • Energy2.2%
  • Utilities2.1%
  • Materials1.8%
  • Real Estate1.7%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestNovember 14, 2014 to November 2, 2026+13.9%+13.4%0.730.72−32.3%1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026+14.1%+13.9%0.660.66−32.3%1.01
Last three yearsNovember 3, 2023 to November 2, 2026+21.3%+21.8%1.121.16−17.4%1.01
Last yearNovember 7, 2025 to November 2, 2026+13.8%+14.2%0.810.84−8.6%0.99

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.