{
  "id": 19804791,
  "title": "National Pension Service's U.S. Holdings Rise Despite Semiconductor Losses",
  "url": "https://urgent.news/2026/11/13/national-pension-services-u-s-holdings-rise-despite-semiconductor",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-13T12:32:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=281299"
  },
  "original_language": "en",
  "account": "The National Pension Service (NPS) continued to grow its U.S. stock holdings in the third quarter, despite a disappointing performance in the semiconductor sector. The pension fund increased its investment in 553 U.S. listed stocks as of the end of September, with the total valuation rising by $3.66 billion to $158.74 billion. The number of held stocks grew by one, reaching 936.18 million shares, marking a 0.9% increase from 928.05 million shares.\n\nThe \"Magnificent 7\" (M7) stocks, which consist of Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta, and Tesla, saw significant increases in holdings. The M7 holdings grew by 0.5%, from 153.08 million shares to 100,005,382 shares. The valuation of these stocks surged by $5.5 billion, jumping from $43.6 billion to $49.1 billion, with Microsoft (MS) leading the charge. Microsoft's valuation jumped by $2.17 billion, a 38.2% increase, bringing its value to $7.86 billion. Nvidia, Apple, and Meta also experienced substantial gains in valuation, with their stocks up by 14.6%, 15.6%, and 29.3%, respectively.\n\nHowever, the semiconductor investments faced a rough patch due to concerns over excessive AI (artificial intelligence) investment. Micron Technology's valuation dropped by $245.46 million, or 7.4%, while Applied Materials, Lam Research, Broadcom, and Intel also saw declines in value. The NPS managed to expand its holdings in major U.S. semiconductor stocks by 0.1 to 0.9%, indicating a strategy of bargain hunting in the sector. Additionally, the pension fund increased its investments in space development-related companies like SpaceX and Rocket Lab, as well as defense industry stocks such as Boeing and Lockheed Martin. Despite these positive moves, the NPS reduced its exposure to Bitcoin-related companies and decreased its holdings in the game developer Roblox by 7.4%.",
  "summary": "The National Pension Service (NPS) continued its upward trend in the valuation of its U.S. stock holdings in the third quarter. Microsoft (MS) emerged as the stock with the largest increase in valuation, while semiconductor investments received a disappointing report card.According to the financial",
  "key_points": [
    "NPS increased U.S. stock holdings to $158.74 billion despite semiconductor losses",
    "Magnificent 7 stocks saw significant gains in holdings and valuation",
    "NPS expanded semiconductor investments through bargain hunting strategy"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}