FilingsTodayNational Pension Service (Korea)
At a glance
The public body that manages Korea's national pension fund; investments are run by its Fund Management Center in Jeonju. A large part of its overseas equity sits in US-listed companies, spread across many stocks roughly in line with market size.
At the end of 2026 Q2, National Pension Service (Korea)'s 13F listed 548 US stocks worth $155.08B. The largest position was Nvidia at 6.6% of the portfolio, and the top 10 made up 35.3%, a widely spread book. The five biggest holdings were Nvidia ($10.17B), Apple ($9.12B), Alphabet ($8.41B), Microsoft ($5.68B) and Amazon COM ($5B).
Against 2026 Q1, it opened 19 new positions and sold out of 30. The largest new positions were Space Exploration Technologies ($598M). Among the bigger holdings it added to Apple (+1.6% shares), Alphabet (+1% shares) and Microsoft (+2.2% shares). It trimmed Intel (-2%), Western Digital (-4%) and Marvell Technology (-2.5%). Positions it exited include Chubb LTD Switz, Bank of New York Mellon, Public Storage Oper, Flextronics Intl and Coterra Energy.
Over 8 quarters from 2024 Q3 to 2026 Q2, the reported portfolio went from $103.7B to $155.08B (+49.6%) and from 511 to 548 stocks. The largest holding changed over the period: Apple, AAPL and NVDA. New positions and exits added up to 1177 over these quarters.
Top 10 by weight
Quarter by quarter (last 8)
| Quarter | Total value | Stocks | New | Exited | Largest |
|---|---|---|---|---|---|
| 2026 Q2 | $155.08B | 548 | 19 | 30 | NVDA |
| 2026 Q1 | $131.68B | 559 | 26 | 25 | NVDA |
| 2025 Q4 | $135.07B | 558 | 27 | 18 | NVDA |
| 2025 Q3 | $128.77B | 549 | 38 | 21 | NVDA |
| 2025 Q2 | $115.83B | 532 | 2 | 8 | NVDA |
| 2025 Q1 | $104.04B | 538 | 5 | 15 | AAPL |
| 2024 Q4 | $105.67B | 548 | 490 | 453 | AAPL |
| 2024 Q3 | $103.7B | 511 | - | - | Apple |
Holdings top 60
| Stock | Value | Weight | Share change |
|---|---|---|---|
| Nvidia NVDA | $10.17B | 6.56% | -0.9% |
| Apple AAPLAdded | $9.12B | 5.88% | +1.6% |
| Alphabet GOOGLAdded | $8.41B | 5.42% | +1.0% |
| Microsoft MSFTAdded | $5.68B | 3.67% | +2.2% |
| Amazon COM AMZNAdded | $5B | 3.22% | +2.6% |
| Broadcom AVGOAdded | $3.63B | 2.34% | +2.5% |
| Invesco Exch Traded FD TR II | $3.55B | 2.29% | 0.0% |
| Micron Technology MU | $3.33B | 2.15% | +0.4% |
| Ishares TR | $3.08B | 1.99% | 0.0% |
| Meta Platforms METAAdded | $2.73B | 1.76% | +3.3% |
| Tesla TSLAAdded | $2.53B | 1.63% | +2.2% |
| Advanced Micro Devices AMDAdded | $2.09B | 1.35% | +1.4% |
| ELI Lilly & LLYAdded | $2.02B | 1.30% | +1.3% |
| Jpmorgan Chase & JPM | $1.82B | 1.17% | +0.7% |
| LAM Research LRCX | $1.46B | 0.94% | -0.1% |
| Applied Materials AMAT | $1.42B | 0.91% | +0.5% |
| Berkshire Hathaway BRK-BAdded | $1.4B | 0.91% | +2.6% |
| Intel INTCReduced | $1.4B | 0.90% | -2.0% |
| Johnson & Johnson JNJAdded | $1.33B | 0.86% | +1.3% |
| ExxonMobil Holdings XOMAdded | $1.32B | 0.85% | +1.8% |
| VI VAdded | $1.19B | 0.76% | +1.7% |
| Walmart WMTAdded | $1.17B | 0.75% | +3.5% |
| Cisco Systems CSCO | $1.14B | 0.74% | +0.9% |
| KLA KLACAdded | $1.1B | 0.71% | +899.4% |
| Caterpillar CATAdded | $1.08B | 0.69% | +2.2% |
| AbbVie ABBVAdded | $1.01B | 0.65% | +1.5% |
| General Electric GEAdded | $910.5M | 0.59% | +1.9% |
| Costco Wholesale Corp /new COSTAdded | $904.3M | 0.58% | +3.6% |
| Mastercard MA | $887M | 0.57% | +0.3% |
| Bank of America BAC | $885.3M | 0.57% | +0.3% |
| Western Digital WDCReduced | $882M | 0.57% | -4.0% |
| Marvell Technology MRVLReduced | $833.1M | 0.54% | -2.5% |
| Procter & Gamble PGAdded | $826.9M | 0.53% | +3.1% |
| Unitedhealth Group UNHAdded | $818.9M | 0.53% | +1.2% |
| Seagate Technology Holdings STX | $805.5M | 0.52% | +0.8% |
| Home Depot HDAdded | $791.2M | 0.51% | +2.5% |
| Coca Cola KO | $759.9M | 0.49% | +0.7% |
| T Rowe Price Exchange-Traded | $754.7M | 0.49% | 0.0% |
| Chevron CVXAdded | $750.2M | 0.48% | +1.0% |
| Merck & MRK | $744.2M | 0.48% | +0.5% |
| Netflix NFLXAdded | $693.9M | 0.45% | +2.8% |
| Goldman Sachs Group GS | $678.1M | 0.44% | -0.6% |
| Philip Morris International PMAdded | $675.3M | 0.44% | +3.3% |
| Harbor ETF Trust | $668M | 0.43% | 0.0% |
| Palo Alto Networks PANWReduced | $667M | 0.43% | -9.1% |
| GE Vernova GEVAdded | $663.3M | 0.43% | +3.0% |
| International Business Machines IBMAdded | $660.8M | 0.43% | +2.8% |
| Texas Instruments TXN | $632.1M | 0.41% | +0.9% |
| Advisors Inner Circle FD | $627.4M | 0.40% | 0.0% |
| Linde LIN | $623.7M | 0.40% | +0.2% |
| Morgan Stanley MS | $618.9M | 0.40% | +0.3% |
| Palantir Technologies PLTR | $610.6M | 0.39% | +1.0% |
| Wells Fargo & Company WFC | $605.5M | 0.39% | +0.1% |
| Space Exploration Technologies SPCXNew | $598M | 0.39% | New |
| Amphenol APHAdded | $595.6M | 0.38% | +1.6% |
| Oracle ORCLAdded | $567.8M | 0.37% | +2.7% |
| Analog Devices ADI | $557M | 0.36% | -0.1% |
| RTX RTXAdded | $555.8M | 0.36% | +3.6% |
| Citigroup CReduced | $554.1M | 0.36% | -2.3% |
| Corning GLWReduced | $542.6M | 0.35% | -3.1% |
Sold out (vs 2026 Q1)
Source: SEC Form 13F. Options and bonds are excluded; multiple lines for the same stock are combined. Stocks are matched by their SEC-registered names.