Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, has filed a Form 13F-HR with the U.S. Securities and Exchange Commission disclosing its equity holdings as of June 30, 2024. The filing, signed by Chief Investment Officer Mohamad Hishammudin bin Hamdan, details a portfolio consisting of 31 individual securities.
The portfolio is heavily weighted toward technology and e-commerce companies. Major positions include PDD Holdings Inc. with 77,000 shares, Alibaba Group Holding Ltd. with 65,000 shares, and Tencent Music Entertainment Group Sponsored ADS with 40,000 shares. Other notable holdings in the technology sector include JD.com Inc. (50,000 shares), Sea Ltd. (46,368 shares), and NetEase Inc. (33,000 shares).
In addition to U.S. technology stocks, the portfolio includes significant investments in healthcare and consumer sectors. Eli Lilly & Co. is held with 440 shares, while Costco Wholesale Corp. holds 350 shares. The fund also holds stakes in established U.S. corporations such as Apple Inc. (6,000 shares), Microsoft Corp. (3,800 shares), and Amazon.com Inc. (5,000 shares).
The filing also lists several exchange-traded funds (ETFs) and index funds, including the iShares Core S&P 500 ETF (640,005 shares) and the SPDR S&P 500 ETF Trust (1,493,438 shares). These ETF holdings account for a substantial portion of the total equity value disclosed in the report.
