SEOUL, November 13 (AJP) -Big Tech gains lifted the value of South Korea’s National Pension Service (NPS) U.S. stock holdings by 2.4 percent to $158.74 billion in the third quarter, according to its filing with the U.S. Securities and Exchange Commission (SEC) Thursday.
The so-called Magnificent Seven added $5.5 billion in value, more than the portfolio’s overall $3.66 billion increase, as losses in other semiconductor holdings offset some of the gains.
The so-called Magnificent Seven added $5.5 billion in value, more than the portfolio’s overall $3.66 billion increase, as losses in other semiconductor holdings offset some of the gains.
A stronger won nevertheless cut the portfolio’s Korean-currency value to about 211 trillion won from 239 trillion won at the end of June. NPS modestly increased its shareholdings in most major U.S. chipmakers despite falling valuations, while Nvidia remained its largest position at $11.65 billion, or 7.34 percent of the portfolio.
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