Institutional Manager · CIK 0001542927
National Mutual Insurance Federation of Agricultural Cooperatives
TOKYO, JAPAN, M0 · File #028-14926
Latest AUM
$13.64B
Positions
42
Top-10 Concentration
90.1%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | J P MORGAN EXCHANGE TRADED F | 46641Q399 | +812,000 | +$100.1M | +$1.2M |
| ADD | INVESCO EXCH TRADED FD TR II | IVZ | +129,000 | +$32.6M | +$14.5M |
| EXITED | ZEBRA TECHNOLOGIES CORPORATI | 989207105 | -65,000 | -$19.3M | $0 |
| NEW | BROADCOM INC | AVGO | +45,000 | +$15.6M | $0 |
| REDUCE | MICRON TECHNOLOGY INC | MU | -30,000 | -$8.6M | +$19.1M |
| ADD | INTERCONTINENTAL EXCHANGE IN | 45866F104 | +43,000 | +$7.0M | -$1.0M |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$25.2M |
| REDUCE | AMAZON COM INC | AMZN | 0 | $0 | +$3.0M |
| REDUCE | APPLE INC | AAPL | 0 | $0 | +$5.5M |
| REDUCE | APPLIED MATLS INC | 038222105 | 0 | $0 | +$5.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202542 pos · $13.64B
- 13F HOLDINGS REPORTQ/E Sep 202542 pos · $13.18B
- 13F HOLDINGS REPORTQ/E Jun 202543 pos · $12.36B
- 13F HOLDINGS REPORTQ/E Mar 202543 pos · $11.13B
- 13F HOLDINGS REPORTQ/E Dec 202445 pos · $11.67B
- 13F HOLDINGS REPORTQ/E Sep 202445 pos · $11.12B
- 13F HOLDINGS REPORTQ/E Jun 202445 pos · $10.03B
- 13F HOLDINGS REPORTQ/E Mar 202443 pos · $9.46B
- 13F HOLDINGS REPORTQ/E Dec 202344 pos · $8.11B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 3,581,847 | $2.45B | 17.99% |
| 2 | VANGUARD INDEX FDS | 922908637 | 6,543,317 | $2.06B | 15.10% |
| 3 | VANGUARD INDEX FDS | 922908363 | 2,925,650 | $1.83B | 13.45% |
| 4 | SPDR S&P 500 ETF TR | SPY | 2,617,832 | $1.79B | 13.09% |
| 5 | INVESCO QQQ TR | IVZ | 1,759,000 | $1.08B | 7.92% |
| 6 | VANGUARD INDEX FDS | 922908769 | 2,686,800 | $900.8M | 6.61% |
| 7 | SPDR SERIES TRUST | 78464A854 | 9,536,000 | $765.0M | 5.61% |
| 8 | INVESCO EXCH TRADED FD TR II | IVZ | 2,634,000 | $666.2M | 4.89% |
| 9 | ISHARES TR | 464287242 | 4,040,400 | $445.2M | 3.26% |
| 10 | ISHARES TR | 464287622 | 791,000 | $295.4M | 2.17% |
| 11 | J P MORGAN EXCHANGE TRADED F | 46641Q399 | 1,275,000 | $157.2M | 1.15% |
| 12 | ALPHABET INC | GOOG | 360,500 | $112.8M | 0.83% |
| 13 | NVIDIA CORPORATION | NVDA | 511,000 | $95.3M | 0.70% |
| 14 | APPLE INC | AAPL | 319,400 | $86.8M | 0.64% |
| 15 | MICROSOFT CORP | MSFT | 177,900 | $86.0M | 0.63% |
| 16 | AMAZON COM INC | AMZN | 270,000 | $62.3M | 0.46% |
| 17 | META PLATFORMS INC | META | 92,600 | $61.1M | 0.45% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 160,900 | $51.8M | 0.38% |
| 19 | INTUITIVE SURGICAL INC | ISRG | 72,200 | $40.9M | 0.30% |
| 20 | ELI LILLY & CO | LLY | 36,300 | $39.0M | 0.29% |