1y return+22.6%S&P 500 +20.9%
3y return+78.0%S&P 500 +68.5%
5y return+95.7%S&P 500 +74.5%
10y return+341.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $441 against $357 in the S&P 500.2
Employees Provident Fund BoardS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MSFTMicrosoft Corp | $1.4B | 8.0% | +14.0% |
| NVDANvidia Corporation | $1.4B | 7.9% | +1.4% |
| MUMicron Technology Inc | $1.0B | 5.8% | −50.6% |
| GOOGLAlphabet Inc | $962.9M | 5.5% | +6.1% |
| AVGOBroadcom Inc | $813.8M | 4.7% | +43.6% |
| METAMeta Platforms Inc | $702.1M | 4.0% | |
| AMATApplied Matls Inc | $635.4M | 3.6% | +2.5% |
| LLYEli Lilly & Co | $621.6M | 3.6% | −1.2% |
| AAPLApple Inc | $567.6M | 3.3% | +10.7% |
| CRWDCrowdstrike Hldgs Inc | $563.0M | 3.2% | +24.9% |
| PWRQuanta Svcs Inc | $533.6M | 3.1% | +71.5% |
| AMZNAmazon Com Inc | $533.0M | 3.1% | +6.5% |
| PANWPalo Alto Networks Inc | $506.0M | 2.9% | −21.3% |
| NOWServicenow Inc | $414.2M | 2.4% | +54.2% |
| DDOGDatadog Inc | $364.5M | 2.1% | −30.0% |
| NEENextera Energy Inc | $359.9M | 2.1% | +64.0% |
| MAMastercard Incorporated | $355.1M | 2.0% | +29.7% |
| AEMAgnico Eagle Mines Ltd | $354.0M | 2.0% | +23.1% |
| Linde PLCCUSIP G54950103 | $339.1M | 1.9% | New |
| SNPSSynopsys Inc | $320.6M | 1.8% | +45.4% |
| ARMArm Holdings PLC | $319.1M | 1.8% | −35.7% |
| JPMJpmorgan Chase & Co | $294.6M | 1.7% | −20.4% |
| NFLXNetflix Inc. | $285.6M | 1.6% | +433.3% |
| ISRGIntuitive Surgical Inc | $235.3M | 1.4% | +38.5% |
| UBERUber Technologies Inc | $234.2M | 1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $1.4B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $813.8M |
| CRWDCrowdstrike Hldgs Inc | December 31, 2022 | +624.8% | $563.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $962.9M |
| DDOGDatadog Inc | December 31, 2022 | +254.2% | $364.5M |
| AMATApplied Matls Inc | March 31, 2024 | +250.6% | $635.4M |
| LLYEli Lilly & Co | March 31, 2023 | +249.3% | $621.6M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $294.6M |
| PANWPalo Alto Networks Inc | September 30, 2023 | +190.9% | $506.0M |
| PWRQuanta Svcs Inc | September 30, 2024 | +141.5% | $533.6M |
Sold off last quarter
- Exxon Mobil CorpCUSIP 30231G102 was $171.9M
- SLBSlb Limited was $134.0M
- BBarrick Mng Corp was $114.0M
- WDCWestern Digital Corp was $109.6M
- CLXClorox Co Del was $17.8M
- Accenture PLC IrelandCUSIP G1151C101 was $2.3M
- VZVerizon Communications Inc was $867K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.1% | +14.8% |
| March 31, 2026 | −7.8% | −4.6% |
| December 31, 2025 | +5.2% | +2.4% |
| September 30, 2025 | +6.9% | +7.8% |
| June 30, 2025 | +18.4% | +10.5% |
| March 31, 2025 | −7.5% | −4.6% |
| December 31, 2024 | +1.4% | +2.1% |
| September 30, 2024 | +2.0% | +5.4% |
| June 30, 2024 | +4.0% | +4.0% |
| March 31, 2024 | +12.2% | +10.0% |
| December 31, 2023 | +15.6% | +11.2% |
| September 30, 2023 | −5.0% | −3.6% |
| June 30, 2023 | +10.4% | +8.3% |
| March 31, 2023 | +13.4% | +7.0% |
| December 31, 2022 | +9.2% | +7.1% |
| September 30, 2022 | −7.7% | −5.3% |
| June 30, 2022 | −17.6% | −16.5% |
| March 31, 2022 | −4.0% | −4.9% |
| December 31, 2021 | +10.9% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Employees Provident Fund Board Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1600177&type=13F-HR&dateb=&owner=include&count=40CIK 1600177
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1600177/000160017726000082/Filed August 12, 2026 · accession 0001600177-26-000082