The National Pension Service reported that its holdings of US equities reached 1587 billion dollars at the end of the third quarter, driven by large technology stocks.
The number of listed stocks rose from 552 to 553, while the total share count increased from 928.05 million shares to 936.18 million shares, dhilbo.co.kr reported.
The combined valuation of the Magnificent Seven technology companies grew by 12.6 percent to reach 49.14 billion dollars during the quarter. These seven corporations include NVIDIA, Apple, Alphabet, Microsoft, Amazon, Meta, and Tesla.
The collective share count for these tech giants increased by 0.5 percent from 153.08 million shares to 153.82 million shares. Microsoft recorded the largest absolute valuation gain among the group, with its holdings increasing by 2.17 billion dollars or 38.2 percent to hit 7.86 billion dollars, while its share count grew by 0.5 percent.
Holdings in NVIDIA and Apple also increased in value by 1.48 billion dollars and 1.43 billion dollars respectively. NVIDIA accounted for the highest portfolio weight at 7.34 percent by the end of September.
Apple followed at 6.64 percent, Alphabet at 5.13 percent, Microsoft at 4.95 percent, and Amazon at 3.31 percent with a valuation of 5.25 billion dollars. Semiconductor equipment and memory makers experienced diverging trends as Micron Technology saw a 0.4 percent increase in share volume alongside a 7.4 percent drop in valuation, while Applied Materials and Lam Research dropped in valuation by 29.1 percent and 24.1 percent respectively.
Evaluations in Korean won decreased because the quarterly exchange rate shifted from 1548.78 won per dollar at the end of June to 1355.91 won per dollar at the end of September. Total valuations fell from approximately 240 trillion won to roughly 215 trillion won when applying the respective period exchange rates.
Aerospace and defense holdings saw increases in share count for Boeing, Northrop Grumman, Palantir, and RTX, whereas Lockheed Martin holdings decreased by approximately 0.3 percent. Cryptocurrency-linked entities Strategy and Coinbase Global saw their respective share counts decline by 0.7 percent and 10.1 percent.
| Company | Quarterly Valuation Change | Key Metric Shift |
|---|---|---|
| NVIDIA | +1.48 billion dollars | Portfolio weight 7.34% |
| Apple | +1.43 billion dollars | Portfolio weight 6.64% |
| Micron Technology | -7.4% valuation | Share count +0.4% |
