National Pension ServiceNational Pension Service

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

Top Holdings562 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

NVIDIA CORPORATION

51.3M$8.9B6.8%$120.54+75.01%
30 qtrssince 2018-Q4
Increased
63

APPLE INC

31M$7.9B6.0%$136.09+131.69%
30 qtrssince 2018-Q4
Increased
64

MICROSOFT CORP

14.9M$5.5B4.2%$223.18+72.55%
30 qtrssince 2018-Q4
Increased
60

AMAZON COM INC

20.4M$4.3B3.2%$139.28+76.15%
30 qtrssince 2018-Q4
Increased
60

ALPHABET INC

12.8M$3.7B2.8%$125.70+184.15%
30 qtrssince 2018-Q4
Increased
56
PBUSPBUS
ETF

INVESCO EXCH TRADED FD TR II

47.4M$3.1B2.3%$40.77+85.71%
21 qtrssince 2021-Q1
Unchanged
0

ALPHABET INC

10.6M$3B2.3%$119.09+198.13%
30 qtrssince 2018-Q4
Increased
56

BROADCOM INC

9.4M$2.9B2.2%$176.48+126.64%
30 qtrssince 2018-Q4
Increased
56
IVVIVV
ETF

iShares Trust CORE S&P500 ETF

4.1M$2.7B2.0%$335.56+125.92%
30 qtrssince 2018-Q4
Unchanged
0

META PLATFORMS INC

4.7M$2.7B2.0%$271.10+146.85%
30 qtrssince 2018-Q4
Increased
56

TESLA INC

5.9M$2.2B1.7%$249.99+63.11%
30 qtrssince 2018-Q4
Increased
52

JPMORGAN CHASE & CO

5.5M$1.6B1.2%$123.34+172.80%
30 qtrssince 2018-Q4
Increased
51

EXXON MOBIL CORP

9.5M$1.6B1.2%$77.00+80.36%
30 qtrssince 2018-Q4
Increased
51

ELI LILLY & CO

1.7M$1.5B1.2%$349.98+239.61%
30 qtrssince 2018-Q4
Increased
52

BERKSHIRE HATHAWAY INC DEL

2.7M$1.3B1.0%$299.10+59.59%
30 qtrssince 2018-Q4
Increased
46

JOHNSON & JOHNSON

5.2M$1.3B1.0%$132.38+94.12%
30 qtrssince 2018-Q4
Increased
47

WALMART INC

10M$1.2B0.9%$62.72+81.59%
30 qtrssince 2018-Q4
Increased
46

VISA INC

3.4M$1B0.8%$198.55+75.76%
30 qtrssince 2018-Q4
Increased
46

MICRON TECHNOLOGY INC

2.9M$971.6M0.7%$84.32+1061.44%
30 qtrssince 2018-Q4
Decreased
0

COSTCO WHOLESALE CORPORATION

933,576$930.2M0.7%$487.34+88.01%
30 qtrssince 2018-Q4
Increased
46
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$131.7B
AUM
562
Positions
Q1 2026
Filing
Rating · 3.5
Quarterly Portfolio Change
+2%Q4'24$105.7B-2%Q1'25$104B+11%Q2'25$115.8B+11%Q3'25$128.8B+5%Q4'25$135.1B-3%Q1'26$131.7B
Activity profile
$ moved · Q1'26
New0%Increased78%Decreased20%Exited2%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 5.7 years
<1Q2%1-4Q5%1-2Y6%2Y+87%

National Pension Service manages $131.7B across 562 positions as of Q1 2026. Top holdings: NVDA (6.8%), AAPL (6.0%), MSFT (4.2%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 3.5/5.0.

Q1 2026 Summary

Active quarter - 19 new positions, 18 exits, 353 increased. Top move: AAPL (INCREASED, conviction 64). Portfolio: $131.7B across 562 positions.

Top holdings by portfolio weight

Total AUM$132B
NVDA6.79%
AAPL5.98%
MSFT4.19%
AMZN3.23%
GOOGL2.79%
PBUS2.35%
GOOG2.31%
AVGO2.21%
IVV2.04%
META2.04%
Other1.66%

Portfolio allocation by GICS sector

Sectors11
Technology31.46%
Financial Services10.91%
Communication Services10.19%
Consumer Cyclical9.35%
Healthcare9.15%
Industrials7.89%
Unknown6.48%
Consumer Defensive4.93%
Energy3.85%
Utilities2.19%
Other3.60%

Behavioral investing profile

7-dimension quality assessment
Strong(3.5 / 5.0)
Track Record68
Conviction46
Concentration51
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Position Outcomes

Best and worst performing positions by estimated return

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

Accumulation Streaks

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

Security
7Q
AMZNAMZNAMAZON COM INC
Q3 2024 Q1 2026+5.8M shares+$1.4B
7Q
ADIADIANALOG DEVICES INC
Q3 2024 Q1 2026+475,720 shares+$234.7M
7Q
ELVELVELEVANCE HEALTH INC FORMERLY
Q3 2024 Q1 2026+178,263 shares-$51M

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

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