National Pension Service

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$135.1B

Total Positions

561

New This Quarter

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

NVDA6.92%

AAPL6.08%

MSFT5.20%

AMZN3.39%

GOOGL2.89%

GOOG2.41%

PBUS2.40%

AVGO2.34%

META2.25%

IVV2.09%

Other13.21%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

GEV7Q held

GE Vernova Inc

Avg $185.19 · $224.3M est. P&L

Est. P&L

+255.93%

KLAC29Q held

KLA CORP

Avg $351.22 · $324.9M est. P&L

Est. P&L

+254.09%

CAH29Q held

Cardinal Health Inc

Avg $58.80 · $71.7M est. P&L

Est. P&L

+251.49%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 561 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
NVDA NVIDIA Corp	50.1M	$9.3B	6.9%	—	$119.15	+57.39%	29 qtrs	Increased 63
AAPL Apple Inc	30.2M	$8.2B	6.1%	—	$132.61	+105.73%	29 qtrs	Increased 63
MSFT Microsoft Corp	14.5M	$7B	5.2%	—	$218.09	+123.52%	29 qtrs	Increased 63
AMZN Amazon.com Inc	19.8M	$4.6B	3.4%	—	$137.18	+69.51%	29 qtrs	Increased 61
GOOGL Alphabet Inc	12.5M	$3.9B	2.9%	—	$121.07	+159.23%	29 qtrs	Increased 57
GOOG Alphabet Inc	10.4M	$3.3B	2.4%	—	$115.17	+173.12%	29 qtrs	Increased 56
PBUS INVESCO EXCH TRADED FD TR II	47.4M	$3.2B	2.4%	—	$40.77	+69.23%	20 qtrs	Unchanged 0
AVGO Broadcom Inc	9.1M	$3.2B	2.3%	—	$172.48	+102.84%	29 qtrs	Increased 56
META Meta Platforms Inc	4.6M	$3B	2.3%	—	$263.79	+152.45%	29 qtrs	Increased 56
IVV ISHARES TR	4.1M	$2.8B	2.1%	—	$335.56	+105.60%	29 qtrs	Unchanged 0
TSLA Tesla Inc	5.7M	$2.6B	1.9%	—	$244.52	+85.84%	29 qtrs	Decreased 0
JPM JPMORGAN CHASE & CO.	5.4M	$1.7B	1.3%	—	$119.93	+168.47%	29 qtrs	Decreased 0
LLY Eli Lilly & Co	1.6M	$1.7B	1.3%	—	$331.43	+225.24%	29 qtrs	Increased 51
BRK/B Berkshire Hathaway Inc	2.7M	$1.3B	1.0%	—	—	—	29 qtrs	Increased 47
V Visa Inc	3.3M	$1.2B	0.9%	—	$194.77	+81.19%	29 qtrs	Increased 46
XOM Exxon Mobil Corp	9.3M	$1.1B	0.8%	—	$75.66	+58.85%	29 qtrs	Increased 45
WMT Walmart Inc	9.8M	$1.1B	0.8%	—	$61.68	+81.44%	29 qtrs	Increased 48
JNJ Johnson & Johnson	5M	$1B	0.8%	—	$128.51	+61.01%	29 qtrs	Increased 45
MA Mastercard Inc	1.7M	$960.3M	0.7%	—	$302.15	+90.81%	29 qtrs	Increased 48
ABBV AbbVie Inc	3.9M	$881.2M	0.7%	—	$112.22	+103.09%	29 qtrs	Decreased 0
NFLX Netflix Inc	9.4M	$878.7M	0.7%	—	$88.61	+5.84%	29 qtrs	Increased 72
MU Micron Technology Inc	3.1M	$871M	0.6%	—	$84.32	+247.06%	29 qtrs	Increased 49
PLTR Palantir Technologies Inc	4.8M	$850.3M	0.6%	—	$56.14	+222.12%	11 qtrs	Increased 48
BAC Bank of America Corp	15.2M	$834M	0.6%	—	$29.55	+87.10%	29 qtrs	Increased 49
COST Costco Wholesale Corp	919,193	$792.7M	0.6%	—	$479.20	+80.40%	29 qtrs	Decreased 0
Showing 25 of 561 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

MOAltria Group Inc

Q1 2024 → Q4 2025+1.7M shares+$152.2M

AMZNAmazon.com Inc

Q1 2024 → Q4 2025+5.8M shares+$2.4B

ADIAnalog Devices Inc

Q1 2024 → Q4 2025+451,405 shares+$188M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer