AHL Research has published a significant report on mutual fund equity holdings. The report reveals that among the top 10 stocks held by mutual funds, OGDC, PPL, and PSO are the most heavily invested.

OGDC ranks first, with 62 mutual funds collectively holding 17.2% of its free float. PPL follows in second place, with 51 funds investing and accounting for 15.5% of its free float. PSO takes third place, with 50 funds holding the stock, which represents 29.7% of its free float.

This concentrated investment in major energy sector companies underscores an institutional investor preference for large-cap, high-liquidity, and dividend-paying stocks.

Additionally, several companies appeared among the top 10 holdings across multiple funds, indicating a diversification strategy that includes mid- and small-cap stocks. These companies include TGL (held by 5 funds), KTML (4 funds), GAL (3 funds), GHNI (3 funds), GLAXO (3 funds), ELSM (2 funds), FLYNG (2 funds), HUMNL (2 funds), NATF (2 funds), PSX (2 funds), SRVI (2 funds), TPLT (2 funds), and BFAGRO (1 fund).

As of June 2025, the assets under management (AUM) of equity mutual funds stood at 12% of the total industry AUM, compared to 10.7% in May 2025.

Within the equity segment, National Investment Trust Limited (NIT) continues to dominate, holding the largest share, followed by Al Meezan Investment Management Limited and NBP Fund Management Limited (NAFA), which complete the top three in terms of equity AUM concentration.

Notably, in June 2025, the portfolio underwent a reshuffle, with 14 new entrants joining the top 10 holdings—stocks that were not included in the list in May 2025. These new entrants are NRL, FCEPL, FLYNG, NATF, TPLT, BFAGRO, ECOP, GGGL, MUGHAL, NCPL, PAEL, PNSC, and TOMCL. TPLP.

Courtesy – AHL Research