TechFlow news: According to a 13F quarterly report filed by South Korea's National Pension Service (NPS) with the U.S. Securities and Exchange Commission (SEC), the fund made several adjustments to its direct U.S. equity portfolio during the second quarter of 2023. NPS newly acquired 245,000 shares of MicroStrategy (MSTR), valued at approximately $33.75 million, accounting for 0.04% of its direct U.S. equity portfolio.
Previously, NPS had purchased 282,700 shares of Coinbase in the third quarter of last year, marking its initial indirect investment in Bitcoin.
In terms of artificial intelligence (AI)-related investments, NPS increased its holdings in technology stocks including NVIDIA (+1.49%), Google (+0.29%), and Microsoft (+0.22%). Additionally, considering the massive power demand brought by the AI era, NPS newly acquired shares in power infrastructure companies such as GE Vernova, NRG Energy, and EMCOR Group.
Furthermore, NPS began investing in multiple ETFs managed by T. Rowe Price, reflecting its preference for growth stocks. As of the end of the second quarter, the value of NPS’s directly invested U.S. equity assets reached $87.034 billion, representing a 4.45% increase from the previous quarter and marking a record high for five consecutive quarters.
