The value of domestic listed shares held by the National Pension Service (NPS) grew by nearly 190 trillion won over three months, marking the largest quarterly increase on record.
Valuation Jumps 189 Trillion Won in Three Months
The combined valuation of shares in 270 listed companies in which the NPS has reported stakes of 5% or more stood at 486.0118 trillion won as of last Sunday, according to financial data provider FnGuide on Tuesday.
This represents an increase of 189.5684 trillion won from the end of March (296.4433 trillion won), translating to a return of 63.9%.
Compared with the first-quarter return of 32.0%, the figure nearly doubled, and the increase in valuation also expanded by more than 100 trillion won from the first quarter (78.5507 trillion won).
80% of the Increase Came From Samsung Electronics and SK hynix
The two major semiconductor stocks drove this growth. Samsung Electronics (005930.KS) and SK hynix (000660.KS) together accounted for 151 trillion won of the increase, or 79.8% of the total.
Notably, unlike in the first quarter, SK hynix's valuation gain this time outpaced that of Samsung Electronics. SK hynix's stake remained unchanged at 7.50% from the first quarter, but its valuation grew by 82.1407 trillion won (190.3%), from 43.1560 trillion won to 125.2968 trillion won.
Samsung Electronics' stake edged up from 7.75% to 7.84%, and its valuation increased by 69.1626 trillion won (90.1%), from 76.6842 trillion won to 145.8467 trillion won.
As a result, the combined weight of the two stocks within the NPS's domestic equity holdings surged from 40.4% at the end of March to 55.7% as of last Sunday.
Following the two stocks, SK Square ranked third with an increase of 11.9953 trillion won, followed by Samsung Electro-Mechanics, which grew by 10.4072 trillion won even as its stake was cut from 10.46% to 9.95%. Samsung C&T (2.7278 trillion won), Samsung Life Insurance (2.5137 trillion won), and SK (2.0577 trillion won) also posted gains.
By contrast, Mirae Asset Securities saw the largest decline, falling by 1.0717 trillion won. The valuations of LG Energy Solution (-573.7 billion won), Hanwha Systems (-451.0 billion won), Kakao (-447.0 billion won), and Naver (-415.3 billion won) also decreased.
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