KHAZANAH NASIONAL BERHAD
Long book
$1.54B
Q1 2026
Positions
142
Top-10 weight
93%
concentration
Last quarter
-4.0%
SPY -4.4%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsKHAZANAH NASIONAL BERHAD is an institutional manager, running a $1.54B US long book across 142 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF, VANGUARD S&P 500 ETF, ISHARES CORE MSCI EUROPE ETF, ISHARES MSCI SINGAPORE ETF.
Over the last 8 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.9%
Q2 2024
+6.3%
Q3 2024
+0.4%
Q4 2024
-1.8%
Q1 2025
+10.3%
Q2 2025
+8.1%
Q3 2025
+2.1%
Q4 2025
-4.0%
Sector allocation
Technology 45%
Financials 10%
Consumer discretionary 10%
Industrials 9%
Healthcare 9%
Services media 6%
Other 3%
Energy 3%
Long book by quarter
What does KHAZANAH NASIONAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 50.9K | $8.9M | 0.6% | +0.1% |
| AAPL APPLE INC | Technology | 30.7K | $7.8M | 0.5% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 14.8K | $5.5M | 0.4% | -3.5% |
| GOOGL ALPHABET INC-CL A | Technology | 14.6K | $4.2M | 0.3% | +5.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.9K | $4.1M | 0.3% | -13.3% |
| AVGO BROADCOM INC | Technology | 9.3K | $2.9M | 0.2% | +0.3% |
| META META PLATFORMS INC-CLASS A | Technology | 4.5K | $2.6M | 0.2% | -4.1% |
| TSLA TESLA INC | Industrials | 5.9K | $2.2M | 0.1% | +1.6% |
| GOOG ALPHABET INC-CL C | Technology | 6.7K | $1.9M | 0.1% | +1.7% |
| LLY ELI LILLY & CO | Healthcare | 2.0K | $1.9M | 0.1% | +22.5% |
| JPM JPMORGAN CHASE & CO | Financials | 5.7K | $1.7M | 0.1% | -2.6% |
| XOM EXXON MOBIL CORP | Energy | 8.8K | $1.5M | 0.1% | -4.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.9K | $1.4M | 0.1% | Held |
| RPID RAPID MICRO BIOSYSTEMS INC-A | Healthcare | 566.9K | $1.3M | 0.1% | -12.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.9K | $1.2M | 0.1% | +2.2% |
| WMT WALMART INC | Consumer discretionary | 9.0K | $1.1M | 0.1% | -19.5% |
| V VISA INC-CLASS A SHARES | Services media | 3.5K | $1.1M | 0.1% | -5.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.0K | $1.0M | 0.1% | -1.8% |
| MA MASTERCARD INC - A | Services media | 1.8K | $882K | 0.1% | -0.1% |
| MU MICRON TECHNOLOGY INC | Technology | 2.5K | $860K | 0.1% | +5.8% |
| CVX CHEVRON CORP | Energy | 4.1K | $853K | 0.1% | +2.5% |
| ABBV ABBVIE INC | Healthcare | 3.7K | $804K | 0.1% | -7.2% |
| LRCX LAM RESEARCH CORP | Industrials | 3.6K | $771K | 0.0% | -26.0% |
| NFLX NETFLIX INC | Services media | 8.0K | $769K | 0.0% | -5.6% |
| CAT CATERPILLAR INC | Industrials | 1.0K | $728K | 0.0% | -40.4% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 2.4K | $725K | 0.0% | New |
| PG PROCTER & GAMBLE CO/THE | Other | 5.0K | $721K | 0.0% | -23.5% |
| BAC BANK OF AMERICA CORP | Financials | 14.5K | $707K | 0.0% | -16.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 3.3K | $665K | 0.0% | +8.0% |
| MRK MERCK & CO. INC. | Healthcare | 5.4K | $648K | 0.0% | +90.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 151 | $636K | 0.0% | +169.6% |
| HD HOME DEPOT INC | Consumer discretionary | 1.9K | $624K | 0.0% | +14.1% |
| CSCO CISCO SYSTEMS INC | Technology | 8.0K | $618K | 0.0% | +80.8% |
| KO COCA-COLA CO/THE | Consumer staples | 7.7K | $586K | 0.0% | -54.0% |
| AMAT APPLIED MATERIALS INC | Technology | 1.7K | $575K | 0.0% | +73.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 2.0K | $544K | 0.0% | -1.9% |
| KLAC KLA CORP | Other | 366 | $539K | 0.0% | -21.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 622 | $526K | 0.0% | -1.4% |
| WFC WELLS FARGO & CO | Financials | 6.5K | $518K | 0.0% | -1.2% |
| ORCL ORACLE CORP | Technology | 3.4K | $495K | 0.0% | -5.0% |
| MCK MCKESSON CORP | Consumer discretionary | 569 | $492K | 0.0% | New |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.0K | $490K | 0.0% | +7.2% |
| NEE NEXTERA ENERGY INC | Utilities | 5.0K | $464K | 0.0% | +8.7% |
| LIN LINDE PLC | Materials | 921 | $457K | 0.0% | +3.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 9.0K | $452K | 0.0% | New |
| T AT&T INC | Communications | 15.2K | $440K | 0.0% | +40.8% |
| GILD GILEAD SCIENCES INC | Healthcare | 3.2K | $440K | 0.0% | -44.7% |
| CRM SALESFORCE INC | Technology | 2.3K | $427K | 0.0% | +86.5% |
| C CITIGROUP INC | Financials | 3.7K | $423K | 0.0% | -42.9% |
| FIX COMFORT SYSTEMS USA INC | Industrials | 307 | $423K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Oct 20, 2026 | 142 | $1.54B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Oct 20, 2026 | 124 | $1.66B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2026 | 14 | $1.75B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Oct 20, 2026 | 14 | $1.64B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Oct 20, 2026 | 17 | $1.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Oct 20, 2026 | 17 | $1.36B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 20, 2026 | 19 | $1.26B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 20, 2026 | 31 | $1.03B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Oct 20, 2026 | 14 | $871.7M | canonical | SEC ↗ |