National Pension's U.S. stock valuation jumps 18%; reduces Nvidia, adds SpaceX

The National Pension Service (NPS) experienced a substantial valuation increase of approximately 18% in its U.S. stock portfolio during the second quarter. This significant growth is attributed to a dual strategy of increasing investments in major technology giants and benefiting from the overall upward trend in the U.S. stock market.

During the April-June period, the NPS adjusted its holdings by reducing its stakes in companies such as Nvidia and Marvell Technology. Concurrently, it significantly boosted its investments in key players like Apple, Microsoft, and Amazon. The pension fund also made a notable addition to its portfolio by including the private space exploration company SpaceX.

These strategic shifts reflect the NPS's investment focus, particularly in companies associated with artificial intelligence (AI) infrastructure and other high-growth sectors. The combination of these targeted investments and favorable market conditions led to the impressive quarterly performance of its U.S. equity assets.