Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, has filed a Form 13F-HR with the U.S. Securities and Exchange Commission (SEC) disclosing its equity portfolio holdings as of December 31, 2024. The report lists 17 distinct securities held by the fund, managed by Chief Investment Officer Mohamad Hishammudin bin Hamdan.
The portfolio is heavily weighted toward exchange-traded funds (ETFs) and large-cap technology stocks, with a notable position in Grab Holdings Limited. The largest holding disclosed in the filing is SPDR S&P 500 ETF Trust, which comprises 4,977,739 shares. This is followed by iShares Core MSCI Europe ETF, holding 2,677,606 shares, and Alibaba Group Holding Ltd., which holds 27,000 shares.
Among individual equities, Grab Holdings Limited is the largest single stock holding, with 253,806 shares. Other significant individual stock positions include KE Holdings Inc. with 305,000 shares and JD.com Inc. with 76,000 shares. The filing also lists positions in Li Auto Inc., NetEase Inc., PDD Holdings Inc., and Sea Ltd., with share counts ranging from 68,000 to 83,000.
The report also includes a position in Rapid Micro Biosystems Inc., a biotechnology company, which is held in a defined-benefit account with 648,905 shares. The filing confirms that all positions are held in common stock with sole voting and dispositive power.
