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Asset Manager ← All Institutions

National Mutual Insurance Federation of Agricultural Cooperatives

JA KYOSAI BUILDING 2-7-9 HIRAKAWA-CHO, CHIYODA-KU, TOKYO, JAPAN, M0 102-8630 • 81-3-5215-9227

Q1 2026 · Filed 2026-04-28
Market Value
$13.0B
-4.8%
Holdings
42
-1
New Purchases
0
Added To
2
Closed
1
Reduced
1
Top 10 Concentration
90.2%
Turnover
2.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQD 3.39% 3.26% +0.13% $440M
AVGO 0.24% 0.11% +0.12% $31M
AMAT 0.28% 0.20% +0.08% $36M
XOM 0.22% 0.15% +0.07% $28M
MU 0.34% 0.28% +0.07% $45M
WMT 0.32% 0.28% +0.05% $42M
CVX 0.16% 0.11% +0.05% $20M
QQQM 4.92% 4.89% +0.04% $639M
ETN 0.23% 0.20% +0.04% $30M
COST 0.18% 0.15% +0.03% $24M
VTI 6.64% 6.61% +0.03% $862M
IVV 18.02% 17.99% +0.03% $2.3B
KO 0.18% 0.16% +0.02% $23M
SPY 13.11% 13.09% +0.02% $1.7B
DE 0.09% 0.07% +0.02% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 0.51% 0.63% -0.12% $66M
QQQ 7.82% 7.92% -0.11% $1.0B
HON 0.00% 0.10% -0.10% $0
GOOGL 0.75% 0.83% -0.07% $98M
INTU 0.14% 0.21% -0.07% $19M
VV 15.06% 15.10% -0.05% $2.0B
ISRG 0.26% 0.30% -0.04% $33M
META 0.41% 0.45% -0.04% $53M
SPGI 0.17% 0.20% -0.03% $22M
LLY 0.26% 0.29% -0.03% $33M
V 0.26% 0.28% -0.03% $33M
TMO 0.21% 0.24% -0.03% $27M
AMZN 0.43% 0.46% -0.02% $56M
MA 0.26% 0.29% -0.02% $34M
DIS 0.14% 0.16% -0.02% $19M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 93.0%
Technology 2.8%
Communication Services 1.3%
Healthcare 0.7%
Consumer Defensive 0.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $8.5B 65.5%
Large Cap 18 $4.3B 33.3%
Mid Cap 1 $149M 1.2%

Portfolio Analytics

Avg Market Cap
$880.2B
Median Market Cap
$365.9B
Avg P/E
31.4
Median P/E
28.9
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
31
# ETFs / Funds
11

Top Holdings (42 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 18.02% 3,581,847 $2.3B $653.21 -$114M
2 VV 15.06% 6,543,317 $2.0B $298.85 -$104M
3 VOO 13.46% 2,925,650 $1.7B $597.55 -$87M
4 SPY 13.11% 2,617,832 $1.7B $650.34 -$83M
5 QQQ 7.82% 1,759,000 $1.0B $577.18 -$65M
6 VTI 6.64% 2,686,800 $862M $320.81 -$39M
7 SPLG 5.62% 9,536,000 $730M $76.54 -$35M
8 QQQM 4.92% 2,691,000 $639M $237.62 -$27M +57,000 +2.2%
9 LQD 3.39% 4,040,400 $440M $108.99 -$5M
10 IWB 2.17% 791,000 $282M $356.56 -$13M
11 BBUS 1.15% 1,275,000 $149M $117.18 -$8M
12 GOOGL 0.75% 340,000 $98M $287.56 -$15M -20,500 -5.7%
13 NVDA 0.69% 511,000 $89M $174.40 -$6M
14 AAPL 0.62% 319,400 $81M $253.79 -$6M
15 MSFT 0.51% 177,900 $66M $370.17 -$20M
16 AMZN 0.43% 270,000 $56M $208.27 -$6M
17 META 0.41% 92,600 $53M $572.13 -$8M
18 JPM 0.36% 160,900 $47M $294.16 -$5M
19 MU 0.34% 132,000 $45M $337.84 $7M
20 WMT 0.32% 339,100 $42M $124.28 $4M
21 AMAT 0.28% 105,000 $36M $341.79 $9M
22 MA 0.26% 68,100 $34M $499.66 -$5M
23 LLY 0.26% 36,300 $33M $919.77 -$6M
24 V 0.26% 110,300 $33M $302.24 -$5M
25 ISRG 0.26% 72,200 $33M $460.99 -$8M
26 ICE 0.25% 203,000 $32M $157.28 -$950K
27 AVGO 0.24% 99,000 $31M $309.51 $15M +54,000 +120.0%
28 ETN 0.23% 84,300 $30M $357.67 $3M
29 XOM 0.22% 166,700 $28M $169.66 $8M
30 BLK 0.22% 29,400 $28M $961.71 -$3M
31 TMO 0.21% 55,900 $27M $491.53 -$5M
32 COST 0.18% 23,700 $24M $996.43 $3M
33 KO 0.18% 308,500 $23M $76.05 $2M
34 AZO 0.18% 6,800 $23M $3,377.78 -$93K
35 SPGI 0.17% 52,800 $22M $425.34 -$5M
36 EMR 0.17% 170,800 $22M $131.02 -$290K
37 CVX 0.16% 99,000 $20M $206.90 $5M
38 DIS 0.14% 193,000 $19M $96.38 -$3M
39 INTU 0.14% 42,900 $19M $432.38 -$10M
40 TRV 0.11% 50,000 $15M $291.68 $81K
41 DE 0.09% 20,000 $11M $563.30 $2M
42 HON —% -$14M -71,000 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
HON —%
View SEC EDGAR Filings for National Mutual Insurance Federation of Agricultural Cooperatives →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms