Generalist · Jeonju-si, Jeollabuk-do, South Korea
National Pension Service
Q3 2025 · compared with Q2 2025
- Software
- $15.6B
- Weight of 13F
- 12.1%
- Names
- 57
- Net bought
- +$541M
Filed 4 November 2025 · SEC filing.
552 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202651 names$12.1B+$243M
- Q1 202655 names$11.2B+$399M
- Q4 202559 names$14.2B+$1.8B
- Q3 202557 names$15.6B+$541M
- Q2 202549 names$14.4B+$103M
- Q1 202549 names$11.4B+$439M
- Q4 202449 names$12.1B+$269M
- Q3 202451 names$11.5B+$1.3B
- Q2 202450 names$10.1B+$338M
- Q1 202448 names$9.6B+$255M
- Q4 202346 names$8.5B+$133M
- Q3 202346 names$7.0B+$81.3M
- Q2 202345 names$7.2B+$267M
- Q1 202343 names$5.9B+$205M
- Q4 202246 names$4.9B+$37.4M
- Q3 202249 names$4.8B+$273M
- Q2 202248 names$5.0B+$765M
- Q1 202248 names$5.8B+$275M
- Q4 202148 names$6.3B+$83.1M
- Q3 202146 names$5.7B−$18.4M
- Q2 202146 names$5.5B+$411M
- Q1 202146 names$4.8B+$814M
- Q4 202033 names$4.0B+$123M
- Q3 202031 names$3.5BFlat
- Q2 202031 names$3.3B−$113M
- Q1 202033 names$2.7B+$27.9M
- Q4 201933 names$2.8B+$443M
- Q3 201923 names$2.1B+$76.0M
- Q2 201924 names$2.0B+$138M
- Q1 201921 names$1.7B+$53.3M
- Q4 201821 names$1.5B+$87.7M
- Q3 201821 names$1.5B−$74.5M
- Q2 201824 names$1.4B+$95.0M
- Q1 201823 names$1.2B+$63.6M
- Q4 201718 names$1.1B+$31.8M
- Q3 201720 names$923M+$35.1M
- Q2 201720 names$841M+$74.7M
- Q1 201720 names$718M+$36.6M
- Q4 201621 names$622M+$35.8M
- Q3 201618 names$562M+$42.8M
- Q2 201615 names$489M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT14,288,881 shares · 47.5% of their software · price +$293M$7.4B+$311M
- OracleORCL3,451,215 shares · 6.2% of their software · price +$216M$971M+$22.4M
- PalantirPLTR4,475,175 shares · 5.2% of their software · price +$206M$816M+$14.7M
- AppLovinAPP832,426 shares · 3.8% of their software · price +$307M$598M+$14.8M
- SalesforceCRM2,207,190 shares · 3.4% of their software · price −$78.8M$523M+$14.0M
- IntuitINTU672,060 shares · 2.9% of their software · price −$70.4M$459M+$12.7M
- Uber Technologies, Inc.UBER4,439,421 shares · 2.8% of their software · price +$20.7M$435M+$11.4M
- ServiceNowNOW412,519 shares · 2.4% of their software · price −$44.5M$380M+$10.0M
- Palo Alto NetworksPANW1,725,100 shares · 2.3% of their software · price −$1.8M$351M+$7.8M
- AdobeADBE951,737 shares · 2.2% of their software · price −$32.5M$336M+$10.2M
- CadenceCDNS743,872 shares · 1.7% of their software · price +$32.1M$261M+$3.9M
- Automatic Data Processing, Inc.ADP866,338 shares · 1.6% of their software · price −$12.9M$254M+$6.1M
- CrowdStrikeCRWD485,156 shares · 1.5% of their software · price −$9.2M$238M+$3.6M
- AutodeskADSK697,954 shares · 1.4% of their software · price +$5.7M$222M+$3.6M
- SynopsysSNPS427,617 shares · 1.4% of their software · price −$8.2M$211M+$29.3M
- FortinetFTNT2,223,198 shares · 1.2% of their software · price −$48.1M$187M+$5.4M
- WorkdayWDAY775,629 shares · 1.2% of their software · price +$566K$187MFlat
- Strategy IncMSTR511,640 shares · 1.1% of their software · price −$42.0M$165MFlat
- Fiserv, Inc.FISV1,217,726 shares · 1.0% of their software · price −$52.9M$157M+$5.3M
- SnowflakeSNOW623,361 shares · 0.9% of their software · price +$1.1M$141M+$1.6M
- Roper Technologies, Inc.ROP269,404 shares · 0.9% of their software · price −$18.4M$134M+$2.2M
- CloudflareNET618,662 shares · 0.9% of their software · price +$11.6M$133MFlat
- Check PointCHKP403,935 shares · 0.5% of their software · price −$5.8M$83.6M+$2.4M
- VeevaVEEV209,638 shares · 0.4% of their software · price +$2.1M$62.5MFlat
- Paychex, Inc.PAYX489,900 shares · 0.4% of their software · price −$9.2M$62.1M+$2.0M
- DatadogDDOG426,689 shares · 0.4% of their software · price +$3.4M$60.8M+$1.2M
- VeriskVRSK229,438 shares · 0.4% of their software · price −$13.8M$57.7M+$2.2M
- Fair IsaacFICO37,938 shares · 0.4% of their software · price −$12.6M$56.8M+$3.9M
- ZoomZM676,308 shares · 0.4% of their software · price +$3.1M$55.8M+$4.2M
- Block, Inc.XYZ768,450 shares · 0.4% of their software · price +$3.3M$55.5M+$1.1M
- ZscalerZS173,863 shares · 0.3% of their software · price −$2.5M$52.1MFlat
- CoStarCSGP553,599 shares · 0.3% of their software · price +$2.2M$46.7M+$965K
- VeriSign, Inc.VRSN163,246 shares · 0.3% of their software · price −$1.5M$45.6M+$1.3M
- PTCPTC220,285 shares · 0.3% of their software · price +$6.8M$44.7M+$525K
- BroadridgeBR174,491 shares · 0.3% of their software · price −$848K$41.6M+$660K
- GoDaddyGDDY288,941 shares · 0.3% of their software · price −$12.5M$39.5M+$3.1M
- AtlassianTEAM243,113 shares · 0.2% of their software · price −$10.5M$38.8MFlat
- The Trade DeskTTD760,937 shares · 0.2% of their software · price −$17.5M$37.3M+$879K
- Tyler TechnologiesTYL67,643 shares · 0.2% of their software · price −$4.7M$35.4MFlat
- HubSpotHUBS74,324 shares · 0.2% of their software · price −$6.6M$34.8M+$1.2M
- Corpay, Inc.CPAY101,035 shares · 0.2% of their software · price −$4.4M$29.1MFlat
- Gen DigitalGEN822,756 shares · 0.1% of their software · price −$831K$23.4M+$5.0M
- NetApp, Inc.NTAP159,274 shares · 0.1% of their software · price +$1.9M$18.9M+$3.5M
- SS&CSSNC186,824 shares · 0.1% of their software · price +$1.1M$16.6M+$3.3M
- AkamaiAKAM68,111 shares · 0.0% of their software$5.2M+$1.8M
- TrimbleTRMB38,235 shares · 0.0% of their software$3.1M+$1.1M
- DocuSignDOCU21,725 shares · 0.0% of their software$1.6MNew · +$1.7M
- MongoDBMDB2,596 shares · 0.0% of their software$806KFlat
- NutanixNTNX10,563 shares · 0.0% of their software$786KNew · +$807K
- TwilioTWLO6,520 shares · 0.0% of their software$653KNew · +$811K
- PaycomPAYC2,830 shares · 0.0% of their software$589KNew · +$655K
- ToastTOST10,689 shares · 0.0% of their software$390KNew · Flat
- FactSetFDS1,113 shares · 0.0% of their software$319KFlat
- F5, Inc.FFIV926 shares · 0.0% of their software$299KNew · Flat
- DynatraceDT4,006 shares · 0.0% of their software$194KNew · Flat
- SamsaraIOT4,310 shares · 0.0% of their software$161KNew · Flat
- Bentley SystemsBSY540 shares · 0.0% of their software$28KNew · Flat