Q2 2026 13F · SEC CIK 1608046

National Pension Service

Sovereign wealth fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $155.1B
Reported positions: 552
Top holdings a year, 3 yrs: +24.6%
Average holding period: 8.6 yrs

National Pension Service is a sovereign wealth fund that reported 552 positions worth $155.1B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Nvidia Corporation Com (NVDA, 6.6%), Apple Inc (AAPL, 5.9%), Microsoft Corp (MSFT, 3.7%). A portfolio copying its top holdings returned 24.6% a year over the last 3 years, against 20.4% for the S&P 500.

National Pension Service holdings largest 50 of 552 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

National Pension Service 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.6%	6.8%	50,834,621	-0.9%	$10.2B
AAPLApple Inc	5.9%	6.0%	31,517,924	+1.6%	$9.1B
MSFTMicrosoft Corp	3.7%	4.2%	15,239,745	+2.2%	$5.7B
AMZNAmazon Com Inc Com	3.2%	3.2%	20,970,745	+2.6%	$5.0B
GOOGLAlphabet Inc	3.0%	2.8%	13,098,297	+2.4%	$4.7B
GOOGAlphabet Inc	2.4%	2.3%	10,550,690	-0.6%	$3.7B
AVGOBroadcom Inc	2.3%	2.2%	9,612,865	+2.5%	$3.6B
PBUSInvesco Msci USA ETF	2.3%	2.3%	47,382,366	+0.0%	$3.5B
MUMicron Technology Inc	2.1%	0.7%	2,886,160	+0.4%	$3.3B
IVVIshares Core S&p 500 ETF	2.0%	2.0%	4,119,355	+0.0%	$3.1B
METAMeta Platforms Inc Class A	1.8%	2.0%	4,850,873	+3.3%	$2.7B
TSLATesla Inc Com	1.6%	1.7%	6,022,001	+2.2%	$2.5B
AMDAdvanced Micro Devices Inc	1.3%	0.5%	3,600,765	+1.4%	$2.1B
LLYLilly Eli & Co	1.3%	1.2%	1,682,782	+1.3%	$2.0B
JPMJpmorgan Chase & Co	1.2%	1.2%	5,549,588	+0.7%	$1.8B
LRCXLam Research Corp	0.9%	0.5%	3,362,878	-0.1%	$1.5B
AMATApplied Matls Inc	0.9%	0.5%	1,962,051	+0.5%	$1.4B
BRK-BBerkshire Hathaway Inc Del	0.9%	1.0%	2,804,925	+2.6%	$1.4B
INTCIntel Corp	0.9%	—	9,999,492	—	$1.4B
JNJJohnson & Johnson	0.9%	1.0%	5,226,968	+1.3%	$1.3B
XOMExxon Mobil Corp	0.9%	1.2%	9,664,021	+1.8%	$1.3B
VVisa Inc Com Cl A	0.8%	0.8%	3,456,128	+1.7%	$1.2B
WMTWalmart Inc	0.8%	0.9%	10,314,166	+3.5%	$1.2B
CSCOCisco Sys Inc	0.7%	0.6%	9,713,396	+0.9%	$1.1B
KLACKla Corp	0.7%	0.4%	3,634,859	+899.4%	$1.1B
CATCaterpillar Inc Com	0.7%	0.5%	1,010,122	+2.2%	$1.1B
ABBVAbbvie Inc	0.7%	0.7%	4,009,573	+1.5%	$1.0B
GEGe Aerospace	0.6%	0.5%	2,436,124	+1.9%	$910.5M
COSTCostco Whsl Corp New	0.6%	0.7%	966,727	+3.6%	$904.3M
MAMastercard Inc.	0.6%	0.7%	1,727,014	+0.3%	$887.0M
BACBank of Amer Corp	0.6%	0.6%	15,536,432	+0.3%	$885.3M
WDCWestern Digital Corp	0.6%	—	1,380,902	—	$882.0M
MRVLMarvell Technology Inc	0.5%	—	2,796,524	—	$833.1M
PGProcter & Gamble Co Com	0.5%	0.6%	5,639,311	+3.1%	$826.9M
UNHUnitedhealth Group Inc Com	0.5%	0.4%	1,970,332	+1.2%	$818.9M
STXSeagate Technology Hldngs Pl	0.5%	—	834,705	—	$805.5M
HDHome Depot Inc Com	0.5%	0.5%	2,243,280	+2.5%	$791.2M
KOCoca Cola Co	0.5%	0.5%	9,350,248	+0.7%	$759.9M
TGRWT Rowe Price Exchange-Traded	0.5%	0.5%	15,814,477	+0.0%	$754.7M
CVXChevron Corp New	0.5%	0.7%	4,525,852	+1.0%	$750.2M
MRKMerck & Co. Inc	0.5%	0.5%	5,791,782	+0.5%	$744.2M
NFLXNetflix Inc Total	0.4%	0.7%	9,718,007	+2.8%	$693.9M
GSGoldman Sachs Group Inc	0.4%	0.4%	670,463	-0.6%	$678.1M
PMPhilip Morris Intl Inc Com	0.4%	0.5%	3,732,937	+3.3%	$675.3M
INFOHarbor ETF Trust	0.4%	0.4%	24,565,625	+0.0%	$668.0M
PANWPalo Alto Networks Inc	0.4%	—	1,955,902	—	$667.0M
GEVGe Vernova Inc	0.4%	—	564,585	—	$663.3M
IBMInternational Business Machs	0.4%	0.4%	2,349,975	+2.8%	$660.8M
TXNTexas Instruments Inc	0.4%	—	2,120,680	—	$632.1M
LSVDAdvisors Inner Circle Fd	0.4%	0.4%	18,162,000	+0.0%	$627.4M

What National Pension Service bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

KLAC Kla Corp+899.4% shares

Reduced

No position shrank by more than 5%.

Left the top 50

PLTR Palantir Technologies Inclass Class Awas 0.6%
LIN Linde PLCwas 0.5%
WFC Wells Fargo Co Newwas 0.4%
ORCL Oracle Corpwas 0.4%
RTX Rtx Corporation Comwas 0.4%
VZ Verizon Communications Inc Comwas 0.4%
T At&t Inc Comwas 0.4%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.9% /yr; S&P 500 +20.1%
3 years: +24.6% /yr; S&P 500 +20.4%
5 years: +14.1% /yr; S&P 500 +12.4%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$155.1B	552
Q1 2026	$131.7B	562
Q4 2025	$135.1B	561
Q3 2025	$128.8B	552
Q2 2025	$115.8B	534
Q1 2025	$104.0B	540
Q4 2024	$105.7B	550
Q3 2024	$103.7B	511
Q2 2024	$87.0B	546
Q1 2024	$83.3B	539
Q4 2023	$71.8B	513
Q3 2023	$62.5B	514

Questions about National Pension Service's portfolio

What stocks does National Pension Service own?

National Pension Service's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 552 positions worth $155.1B. The largest are Nvidia Corporation Com (NVDA) at 6.6%, Apple Inc (AAPL) at 5.9%, Microsoft Corp (MSFT) at 3.7%, Amazon Com Inc Com (AMZN) at 3.2% and Alphabet Inc (GOOGL) at 3.0%.

What did National Pension Service buy last quarter?

In Q2 2026, National Pension Service added Kla Corp (KLAC) (+899.4% shares), compared with its Q1 2026 filing.

What did National Pension Service sell last quarter?

In Q2 2026, National Pension Service cut from its top 50 Palantir Technologies Inclass Class A (PLTR), cut from its top 50 Linde PLC (LIN), cut from its top 50 Wells Fargo Co New (WFC), cut from its top 50 Oracle Corp (ORCL) and cut from its top 50 Rtx Corporation Com (RTX), compared with its Q1 2026 filing.

How has National Pension Service's portfolio performed?

A portfolio copying National Pension Service's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.9% against +20.1%. Over 5 years: +14.1% a year against +12.4%.

When is National Pension Service's next 13F filing due?

13F filings are due 45 days after each quarter ends. National Pension Service's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.