Korea Investment CORP

Key Holdings

The portfolio displays a pronounced concentration in the "Magnificent Seven" and adjacent AI infrastructure leaders. NVIDIA (NVDA) remains the dominant position, constituting 15.36% of the total portfolio value at $3.52 billion. Despite a reduction of $535 million during the quarter, NVDA’s sheer size underscores KIC’s conviction in the semiconductor and AI theme. The next three positions—Meta Platforms (META, 5.48%), Broadcom (AVGO, 5.10%), and Alphabet (GOOGL, 4.62%)—further solidify the technology and communication services bias. Notably, Tesla (TSLA) holds the fifth spot at 4.22%, representing the primary exposure to the Consumer Cyclical sector. The top ten holdings account for nearly 50% of the total portfolio value, signaling a strategy that relies heavily on the performance of large-cap US equities for alpha generation.