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National Pension Service Top Holdings and 13F Report (2025)

About National Pension Service

Investment Activity

  • National Pension Service has $105.67 billion in total holdings as of December 31, 2024.
  • National Pension Service owns shares of 550 different stocks, but just 144 companies or ETFs make up 80% of its holdings.
  • Approximately 4.32% of the portfolio was purchased this quarter.
  • About 15,473.29% of the portfolio was sold this quarter.
  • This quarter, National Pension Service has purchased 511 new stocks and bought additional shares in 167 stocks.
  • National Pension Service sold shares of 327 stocks and completely divested from 9 stocks this quarter.

Largest Holdings

Apple
$6,784,988,663
NVIDIA
$6,180,612,379
Microsoft
$5,530,171,887
Invesco MSCI USA ETF
$4,159,505,819
Amazon.com
$3,748,026,071

Largest New Holdings this Quarter

BLACKROCK INC
$322,096,738 Holding
ARISTA NETWORKS INC
$300,707,476 Holding
LAM RESEARCH CORP
$219,199,848 Holding
FLUTTER ENTMT PLC
$56,212,875 Holding
HARBOR ETF TRUST
$49,549,859 Holding

Largest Purchases this Quarter

BLACKROCK INC
314,207 shares (about $322.10M)
ARISTA NETWORKS INC
2,720,596 shares (about $300.71M)
LAM RESEARCH CORP
3,034,748 shares (about $219.20M)
PALANTIR TECHNOLOGIES INC
1,943,411 shares (about $147.00M)
Royal Caribbean Cruises
502,349 shares (about $115.89M)

Largest Sales this Quarter

Warner Bros. Discovery
4,208,764 shares (about $16.33T)
TAL Education Group
125,522 shares (about $13.76B)
Apple
788,560 shares (about $197.47M)
NVIDIA
1,196,340 shares (about $160.66M)
Invesco MSCI USA ETF
1,678,134 shares (about $98.83M)

Sector Allocation Over Time

Map of 500 Largest Holdings ofNational Pension Service

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
Apple Inc. stock logo
AAPL
Apple
$6,784,988,663$197,471,195 -2.8%27,094,4366.4%Computer and Technology
NVIDIA Co. stock logo
NVDA
NVIDIA
$6,180,612,379$160,656,499 -2.5%46,024,3685.8%Computer and Technology
Microsoft Co. stock logo
MSFT
Microsoft
$5,530,171,887$46,026,114 -0.8%13,120,2185.2%Computer and Technology
Invesco MSCI USA ETF stock logo
PBUS
Invesco MSCI USA ETF
$4,159,505,819$98,825,311 -2.3%70,631,7853.9%ETF
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$3,748,026,071$35,831,872 1.0%17,083,8513.5%Retail/Wholesale
Meta Platforms, Inc. stock logo
META
Meta Platforms
$2,476,788,686$51,470,428 -2.0%4,230,1392.3%Computer and Technology
iShares Core S&P 500 ETF stock logo
IVV
iShares Core S&P 500 ETF
$2,425,517,4180.0%4,119,3552.3%ETF
Alphabet Inc. stock logo
GOOGL
Alphabet
$2,111,944,569$23,815,076 -1.1%11,156,6012.0%Computer and Technology
Tesla, Inc. stock logo
TSLA
Tesla
$2,086,982,929$5,981,274 -0.3%5,167,8462.0%Auto/Tires/Trucks
Broadcom Inc. stock logo
AVGO
Broadcom
$1,992,330,255$74,281,536 3.9%8,593,5571.9%Computer and Technology
Alphabet Inc. stock logo
GOOG
Alphabet
$1,834,359,215$51,670,371 -2.7%9,632,2161.7%Computer and Technology
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$1,217,102,835$43,532,295 -3.5%5,077,3971.2%Finance
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$1,199,217,080$6,875,432 0.6%1,553,3901.1%Medical
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$1,036,994,040$4,068,641 -0.4%2,287,7561.0%Finance
Exxon Mobil Co. stock logo
XOM
Exxon Mobil
$896,792,158$20,076,650 -2.2%8,336,8240.8%Oils/Energy
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$876,110,063$13,841,341 1.6%1,731,9220.8%Medical
Visa Inc. stock logo
V
Visa
$871,236,949$64,228,809 -6.9%2,756,7300.8%Business Services
Walmart Inc. stock logo
WMT
Walmart
$802,582,122$8,985,850 1.1%8,883,0340.8%Retail/Wholesale
Mastercard Incorporated stock logo
MA
Mastercard
$801,602,777$8,446,183 1.1%1,522,3100.8%Business Services
The Procter & Gamble Company stock logo
PG
Procter & Gamble
$760,004,560$38,258,401 5.3%4,533,2810.7%Consumer Staples
Netflix, Inc. stock logo
NFLX
Netflix
$757,477,606$16,516,160 -2.1%849,8380.7%Consumer Discretionary
Costco Wholesale Co. stock logo
COST
Costco Wholesale
$753,753,939$9,114,138 1.2%822,6330.7%Retail/Wholesale
The Home Depot, Inc. stock logo
HD
Home Depot
$724,626,910$1,627,534 0.2%1,862,8420.7%Retail/Wholesale
Salesforce, Inc. stock logo
CRM
Salesforce
$684,681,094$43,121,215 6.7%2,047,9200.6%Computer and Technology
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$663,298,184$2,724,062 0.4%4,586,4900.6%Medical
AbbVie Inc. stock logo
ABBV
AbbVie
$607,118,980$11,553,521 1.9%3,416,5390.6%Medical
Bank of America Co. stock logo
BAC
Bank of America
$556,817,054$36,630,040 -6.2%12,669,3300.5%Finance
Oracle Co. stock logo
ORCL
Oracle
$539,980,089$256,292 0.0%3,240,3990.5%Computer and Technology
The Coca-Cola Company stock logo
KO
Coca-Cola
$538,232,781$63,992,260 13.5%8,644,9210.5%Consumer Staples
Cisco Systems, Inc. stock logo
CSCO
Cisco Systems
$527,860,885$31,538,741 6.4%8,916,5690.5%Computer and Technology
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$493,564,847$17,427,304 3.7%4,961,4480.5%Medical
Chevron Co. stock logo
CVX
Chevron
$476,068,223$6,561,831 -1.4%3,286,8560.5%Oils/Energy
International Business Machines Co. stock logo
IBM
International Business Machines
$468,049,945$32,080,012 7.4%2,129,1450.4%Computer and Technology
Accenture plc stock logo
ACN
Accenture
$453,318,353$4,773,439 1.1%1,288,6050.4%Computer and Technology
Wells Fargo & Company stock logo
WFC
Wells Fargo & Company
$449,218,796$27,666,623 -5.8%6,395,4840.4%Finance
McDonald's Co. stock logo
MCD
McDonald's
$440,998,641$16,249,784 3.8%1,521,2620.4%Retail/Wholesale
Philip Morris International Inc. stock logo
PM
Philip Morris International
$430,786,928$64,248,246 17.5%3,579,4510.4%Consumer Staples
The Walt Disney Company stock logo
DIS
Walt Disney
$416,668,582$4,445,426 1.1%3,741,9720.4%Consumer Discretionary
PepsiCo, Inc. stock logo
PEP
PepsiCo
$411,505,380$23,907,329 6.2%2,706,2040.4%Consumer Staples
ServiceNow, Inc. stock logo
NOW
ServiceNow
$407,052,156$4,892,454 -1.2%383,9680.4%Computer and Technology
Verizon Communications Inc. stock logo
VZ
Verizon Communications
$394,919,845$25,963,547 7.0%9,875,4650.4%Computer and Technology
Intuitive Surgical, Inc. stock logo
ISRG
Intuitive Surgical
$393,829,781$55,201,968 16.3%754,5210.4%Medical
Adobe Inc. stock logo
ADBE
Adobe
$389,964,349$818,211 -0.2%876,9550.4%Computer and Technology
Thermo Fisher Scientific Inc. stock logo
TMO
Thermo Fisher Scientific
$387,560,425$22,083,763 6.0%744,9790.4%Medical
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$387,389,308$24,024,112 6.6%3,424,8900.4%Medical
LINDE PLC
$386,327,743$7,306,210 -1.9%922,7500.4%SHS
Advanced Micro Devices, Inc. stock logo
AMD
Advanced Micro Devices
$379,468,912$460,089 0.1%3,141,5590.4%Computer and Technology
General Electric stock logo
GE
General Electric
$376,050,905$6,318,672 1.7%2,254,6370.4%Transportation
PALANTIR TECHNOLOGIES INC
$373,913,330$146,999,608 64.8%4,943,3280.4%CL A
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$372,691,952$4,239,144 1.2%2,426,0640.4%Computer and Technology
Texas Instruments Incorporated stock logo
TXN
Texas Instruments
$358,875,764$22,040,300 6.5%1,913,9020.3%Computer and Technology
AT&T Inc. stock logo
T
AT&T
$357,504,689$1,571,540 -0.4%15,700,6890.3%Computer and Technology
Intuit Inc. stock logo
INTU
Intuit
$353,583,416$40,054,305 -10.2%562,5830.3%Computer and Technology
TSPA
T. Rowe Price U.S. Equity Research ETF
$351,709,4740.0%9,513,3750.3%Manufacturing
The Goldman Sachs Group, Inc. stock logo
GS
The Goldman Sachs Group
$344,641,654$34,826,748 -9.2%601,8680.3%Finance
Booking Holdings Inc. stock logo
BKNG
Booking
$344,336,348$63,719,986 -15.6%69,3050.3%Retail/Wholesale
Caterpillar Inc. stock logo
CAT
Caterpillar
$334,680,925$36,094,983 -9.7%922,5960.3%Industrial Products
RTX Co. stock logo
RTX
RTX
$330,909,788$43,485,377 15.1%2,859,5730.3%Aerospace
The TJX Companies, Inc. stock logo
TJX
TJX Companies
$326,490,837$7,870,288 2.5%2,702,5150.3%Retail/Wholesale
BLACKROCK INC
$322,096,738$322,096,738 New Holding314,2070.3%COM
American Express stock logo
AXP
American Express
$321,260,336$20,967,917 -6.1%1,082,4500.3%Finance
NextEra Energy, Inc. stock logo
NEE
NextEra Energy
$319,523,979$35,614,947 12.5%4,457,0230.3%Utilities
Pfizer Inc. stock logo
PFE
Pfizer
$314,538,274$8,998,392 2.9%11,855,9470.3%Medical
S&P Global Inc. stock logo
SPGI
S&P Global
$312,320,091$24,047,379 8.3%627,1110.3%Business Services
Comcast Co. stock logo
CMCSA
Comcast
$308,921,139$17,647,244 -5.4%8,231,3120.3%Consumer Discretionary
Danaher Co. stock logo
DHR
Danaher
$304,667,942$1,661,712 -0.5%1,327,2400.3%Medical
ARISTA NETWORKS INC
$300,707,476$300,707,476 New Holding2,720,5960.3%COM SHS
Gilead Sciences, Inc. stock logo
GILD
Gilead Sciences
$300,221,159$40,879,175 15.8%3,250,2020.3%Medical
Boston Scientific Co. stock logo
BSX
Boston Scientific
$299,240,221$15,501,486 -4.9%3,350,2040.3%Medical
The Progressive Co. stock logo
PGR
Progressive
$297,782,636$41,536,681 16.2%1,266,1720.3%Finance
Applied Materials, Inc. stock logo
AMAT
Applied Materials
$293,625,700$32,744,737 -10.0%1,805,4830.3%Computer and Technology
Morgan Stanley stock logo
MS
Morgan Stanley
$290,907,028$7,181,252 -2.4%2,313,9280.3%Finance
Amgen Inc. stock logo
AMGN
Amgen
$285,026,260$7,629,454 2.8%1,093,5630.3%Medical
Honeywell International Inc. stock logo
HON
Honeywell International
$282,998,606$14,653,258 5.5%1,252,8160.3%Multi-Sector Conglomerates
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$279,218,908$1,623,204 -0.6%1,131,3570.3%Retail/Wholesale
Eaton Co. plc stock logo
ETN
Eaton
$275,493,584$11,846,100 -4.1%830,1250.3%Industrial Products
Automatic Data Processing, Inc. stock logo
ADP
Automatic Data Processing
$270,625,665$49,463,174 22.4%924,4890.3%Business Services
Union Pacific Co. stock logo
UNP
Union Pacific
$265,302,876$13,091,092 5.2%1,163,4050.3%Transportation
Bristol-Myers Squibb stock logo
BMY
Bristol-Myers Squibb
$264,068,685$222,733 -0.1%4,668,8240.2%Medical
Citigroup Inc. stock logo
C
Citigroup
$261,798,782$8,160,805 -3.0%3,719,2610.2%Finance
T-Mobile US, Inc. stock logo
TMUS
T-Mobile US
$255,921,867$15,962,531 -5.9%1,159,4340.2%Computer and Technology
iShares MSCI Spain ETF stock logo
EWP
iShares MSCI Spain ETF
$251,669,8460.0%8,092,2780.2%ETF
Palo Alto Networks, Inc. stock logo
PANW
Palo Alto Networks
$244,870,850$110,409,325 82.1%1,345,7400.2%Computer and Technology
Deere & Company stock logo
DE
Deere & Company
$237,423,685$28,926,846 13.9%560,3580.2%Industrial Products
ConocoPhillips stock logo
COP
ConocoPhillips
$236,021,526$3,129,210 1.3%2,379,9690.2%Oils/Energy
Stryker Co. stock logo
SYK
Stryker
$233,913,684$30,195,953 -11.4%649,6700.2%Medical
Uber Technologies, Inc. stock logo
UBER
Uber Technologies
$232,582,821$4,123,053 1.8%3,855,8160.2%Computer and Technology
Blackstone Inc. stock logo
BX
Blackstone
$231,870,588$10,652,452 -4.4%1,344,8010.2%Finance
Equinix, Inc. stock logo
EQIX
Equinix
$229,262,761$2,983,304 1.3%243,1490.2%Finance
Chubb Limited stock logo
CB
Chubb
$225,075,914$409,477 0.2%814,6070.2%Finance
Altria Group, Inc. stock logo
MO
Altria Group
$221,310,052$10,350,544 4.9%4,232,3590.2%Consumer Staples
Analog Devices, Inc. stock logo
ADI
Analog Devices
$220,846,859$1,851,801 0.8%1,039,4750.2%Computer and Technology
The Sherwin-Williams Company stock logo
SHW
Sherwin-Williams
$220,145,467$50,358,590 29.7%647,6200.2%Basic Materials
Micron Technology, Inc. stock logo
MU
Micron Technology
$219,301,014$2,394,941 1.1%2,605,7630.2%Computer and Technology
LAM RESEARCH CORP
$219,199,848$219,199,848 New Holding3,034,7480.2%COM NEW
Medtronic plc stock logo
MDT
Medtronic
$217,758,871$3,837,675 1.8%2,726,0750.2%Medical
Motorola Solutions, Inc. stock logo
MSI
Motorola Solutions
$217,653,938$40,547,740 22.9%470,8780.2%Computer and Technology
Marvell Technology, Inc. stock logo
MRVL
Marvell Technology
$214,552,218$4,313,956 2.1%1,942,5280.2%Computer and Technology
The Southern Company stock logo
SO
Southern
$214,038,092$14,750,427 7.4%2,600,0740.2%Utilities
Prologis, Inc. stock logo
PLD
Prologis
$213,800,024$49,890 0.0%2,022,7060.2%Finance

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