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Photo = The National Pension Service |
[Alpha Biz= Reporter Kim Jisun] The National Pension Service (NPS) has shifted its investment strategy this year, increasing its stakes in securities and trading companies while reducing its exposure to retail and steel sectors. Additionally, the NPS has lowered its holdings in stocks included in the Korea Value-Up Index.
According to an analysis by corporate research institute Leaders Index on October 1, the NPS increased its stakes in securities companies the most. At the end of last year, the NPS’s highest average sectoral ownership was in IT and electronics (8.93%), but by September 27, it shifted to securities (9.48%), with IT and electronics falling to fourth place.
Notable increases were seen in companies like Samsung Securities, NH Investment & Securities, Hanwha Investment & Securities, and Kiwoom Securities, where the NPS’s average stake rose from 7.76% to 9.48%, with the value of these holdings increasing by 57.7% from KRW 833.6 billion to KRW 1.3142 trillion. The NPS also increased its stakes in sectors such as trading companies (7.32% → 7.95%) and construction (7.12% → 7.66%).
Conversely, the NPS reduced its holdings in the retail sector, where its average stake in nine companies decreased from 8.52% to 7.32%, and the value of these holdings dropped by 27.7%, from KRW 1.3598 trillion to KRW 982.5 billion. Declines were also observed in the steel (8.43% → 7.71%) and IT and electronics (8.93% → 8.50%) sectors.
Currently, the NPS’s largest investment by value is in Samsung Electronics, with a 7.14% stake worth KRW 27.3647 trillion as of September 27. Its highest ownership stake is in Hyosung Heavy Industries, at 13.17%.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
