- Published 2026.11.06 11:54
IT sector share expands to 36.1%
Additional $900 million allocated to 13 new stocks including SpaceX
The National Pension Service (NPS) saw the total value of its directly held US listed stock portfolio surpass 210 trillion won (about $155 billion) for the first time. The record was driven by concentrated investments in large technology stocks such as Nvidia and Apple.
According to the Form 13F-HR filed with the US Securities and Exchange Commission's EDGAR system, the NPS's US listed stock portfolio was valued at $155.07966 billion (about 210.44 trillion won). The report showed the NPS held 552 stocks in total.
The NPS's US stock valuation rose 17.8% from $131.67903 billion (about 178.68 trillion won) in the previous quarter. The increase came as the portfolio value climbed alongside the broader strength in technology stocks in the US equity market.
Led by a $10.2 billion (about 13.84 trillion won) stake in Nvidia, the top five US technology companies—Apple, Microsoft, Amazon, and Alphabet—drove the overall valuation gains. With capital concentrated in these big tech names, the information technology sector accounted for 36.1% of the total portfolio.
There were also changes in individual stock weightings. The NPS sold $88 million (about 119.4 billion won) worth of Nvidia shares, trimming its position and realizing gains. Meanwhile, it increased its holdings in Apple, Microsoft, Amazon, and Broadcom, fine-tuning its allocation within the technology sector.
Beyond existing core holdings, the fund also found new investment targets. It added 13 new stocks, including a $598 million (about 811.4 billion won) stake in SpaceX (Space Exploration Technologies Corp.), allocating a total of $928 million (about 1.25 trillion won) in fresh capital.
The NPS's US equity investments follow a pension fund approach that broadly covers the entire market. Unlike typical hedge funds or investment firms that concentrate capital in a few names, the NPS diversifies across more than 500 stocks to reduce volatility risk from individual companies.
The 13F report, signed by Na Young-hoon, a senior portfolio manager at the NPS, discloses quarter-end holdings of institutional investors managing more than $100 million (about 135.7 billion won) in the United States. The filing covers only listed stocks and represents a snapshot of the NPS's direct US equity investments within its overall fund assets.
The NPS is one of the world's three largest pension funds, with total assets under management reaching 1,600 trillion won (about $1181 billion). To enhance long-term returns, it has been steadily expanding direct overseas investments beyond the domestic market, including US listed stocks and exchange-traded funds (ETFs).
(Dollar figures are approximate, converted automatically at 1,000 won = $0.738, the rate on Nov. 9, 2026.)
※ This article is an AI translation of the Korean original published by Korea Credit News; it was checked by automated quality guards and published by the English edition desk.
