• PSO ranked as the leading stock among the top 30 mutual fund holdings in Nov’25, with mutual funds collectively holding 47.2% of its free float. Alongside PSO, other major names with sizeable mutual fund ownership included: KOHC (27.7%), OGDC (22.8%), PPL (20.4%), KTML (19.4%), LUCK (16.8%), PAKT (16.4%), and MARI (15.2%), according to a report of AHL Research.
• Month-on-month, among the top 30 holdings, the largest increases in mutual fund holdings (% change) were seen in MLCF (+266.2%), FCCL (+41.8%), and PPL (+31.5%), while the sharpest declines were recorded in FABL (-41.22%), AGP (-27.43%), PAKT(-21.71%), and MCB (-21.56%) during Nov’25.
• In terms of the number of funds holding the stock, OGDC topped the list with 85 funds (22.8% of free float), followed by LUCK with 84 funds (16.8%), PPL with 79 funds (20.4%), FFC with 78 funds (9.3%), and PSO with 68 funds (47.2%).
• Furthermore, several other names also gained traction, reflecting diversification beyond traditional large-cap holdings. The most prominent among these were CHCC (15 Funds), FATIMA (14 funds), BAFL (13 funds), DGKC(11 funds), FCCL (11 funds), AKBL (10 funds), SNGP (09 funds), KOHC (09 funds), NML (8 funds), and AGP (7 funds),.
• As of Nov’25, equity mutual funds’ AUMs accounted for 14.82% of the total mutual fund industry, down from 15.3% last month, reflecting a decline in equity exposure by mutual funds during the month.

 Courtesy – AHL Research