The evaluation of the National Pension Service's direct investment in U.S. stocks has exceeded 100 trillion won.
Paul Lee
hoondork1977@alphabiz.co.kr | 2024-05-20 02:10:59
(Photo= Yonhap news)
[Alpha Biz= Reporter Paul Lee] The value of the National Pension Service's direct investment portfolio in U.S. stocks has surpassed 100 trillion won for the first time, thanks to its concentrated acquisition of representative "Magnificent Seven" big tech stocks.
According to the 13F (institutional investment manager holdings disclosure for assets over $100 million) document submitted to the U.S. Securities and Exchange Commission (SEC) by the National Pension Service on the 17th, the value of its directly invested U.S. stocks stood at $833.3 billion as of the end of March, equivalent to approximately 113 trillion won. This marks a continuation of its record-breaking streak for four consecutive quarters and the surpassing of the 100 trillion won mark.
Compared to the previous quarter, the value of assets increased by about 15 trillion won (16%) from $718.1 billion (approximately 97 trillion won) in the fourth quarter of 2023. Compared to a year ago in the first quarter of 2023 ($549.1 billion, approximately 74 trillion won), the increase is more than 38 trillion won (51.7%).
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