Filed: 5/5/2025ACC: 0000929638-25-001776
📋 What this filing means
NATIONAL MUTUAL INSURANCE FEDERATION OF AGRICULTURAL COOPERATIVES filed this quarterly 13F‑HR report disclosing 43 equity positions with a total reported market value of $11.13B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
43
Positions
$11.13B
Total AUM (reported)
42.20M
Total Shares
Allocation by class
CORE S&P 500 ETF$2.01B18.1%
LARGE CAP ETF$1.68B15.1%
S&P 500 ETF SHS$1.50B13.5%
TR UNIT$1.46B13.2%
UNIT SER 1$824.83M7.4%
TOTAL STK MKT$738.44M6.6%
COM$685.78M6.2%
Portfolio Concentration
Top 3$5.20B46.7%
4–10$4.93B44.3%
11–25$665.68M6.0%
Rest$340.37M3.1%
Top 3 weight
46.7%
Top 10 weight
91.0%
Voting Authority Distribution
Total shares with voting rights: 42.20M
Sole
Full voting authority
42.20M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole11
Shared0
Other32
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings43
Rows:
ISHARES TR
SOLEShares3.58M
TypeSH
Market value$2.01B
18.08%
Sole
3.58M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares6.54M
TypeSH
Market value$1.68B
15.11%
Sole
6.54M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.93M
TypeSH
Market value$1.50B
13.51%
Sole
2.93M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares2.62M
TypeSH
Market value$1.46B
13.15%
Sole
2.62M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares1.76M
TypeSH
Market value$824.83M
7.41%
Sole
1.76M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.69M
TypeSH
Market value$738.44M
6.63%
Sole
2.69M
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares3.27M
TypeSH
Market value$630.21M
5.66%
Sole
3.27M
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares8.95M
TypeSH
Market value$588.75M
5.29%
Sole
8.95M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.04M
TypeSH
Market value$439.15M
3.94%
Sole
4.04M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares791K
TypeSH
Market value$242.63M
2.18%
Sole
791K
Shared
0.00
None
0.00
APPLE INC
DFNDShares319.40K
TypeSH
Market value$70.95M
0.64%
Sole
319.40K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares177.90K
TypeSH
Market value$66.78M
0.60%
Sole
177.90K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares360.50K
TypeSH
Market value$55.75M
0.50%
Sole
360.50K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares511K
TypeSH
Market value$55.38M
0.50%
Sole
511K
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares92.60K
TypeSH
Market value$53.37M
0.48%
Sole
92.60K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares270K
TypeSH
Market value$51.37M
0.46%
Sole
270K
Shared
0.00
None
0.00
J P MORGAN EXCHANGE TRADED F
SOLEShares463K
TypeSH
Market value$46.71M
0.42%
Sole
463K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares160.90K
TypeSH
Market value$39.47M
0.35%
Sole
160.90K
Shared
0.00
None
0.00
VISA INC
DFNDShares110.30K
TypeSH
Market value$38.66M
0.35%
Sole
110.30K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
DFNDShares68.10K
TypeSH
Market value$37.33M
0.34%
Sole
68.10K
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
DFNDShares72.20K
TypeSH
Market value$35.76M
0.32%
Sole
72.20K
Shared
0.00
None
0.00
WALMART INC
DFNDShares339.10K
TypeSH
Market value$29.77M
0.27%
Sole
339.10K
Shared
0.00
None
0.00
ELI LILLY & CO
DFNDShares34.80K
TypeSH
Market value$28.74M
0.26%
Sole
34.80K
Shared
0.00
None
0.00
BLACKROCK INC
DFNDShares29.40K
TypeSH
Market value$27.83M
0.25%
Sole
29.40K
Shared
0.00
None
0.00
THERMO FISHER SCIENTIFIC INC
DFNDShares55.90K
TypeSH
Market value$27.82M
0.25%
Sole
55.90K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | CORE S&P 500 ETF | 3.58M | SH | $2.01B 18.08% | 3.58M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | LARGE CAP ETF | 6.54M | SH | $1.68B 15.11% | 6.54M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 2.93M | SH | $1.50B 13.51% | 2.93M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 2.62M | SH | $1.46B 13.15% | 2.62M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 1.76M | SH | $824.83M 7.41% | 1.76M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 2.69M | SH | $738.44M 6.63% | 2.69M | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | NASDAQ 100 ETF | 3.27M | SH | $630.21M 5.66% | 3.27M | 0.00 | 0.00 |
SPDR SER TRSOLE | PORTFOLIO S&P500 | 8.95M | SH | $588.75M 5.29% | 8.95M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 4.04M | SH | $439.15M 3.94% | 4.04M | 0.00 | 0.00 |
ISHARES TRSOLE | RUS 1000 ETF | 791K | SH | $242.63M 2.18% | 791K | 0.00 | 0.00 |
APPLE INCDFND | COM | 319.40K | SH | $70.95M 0.64% | 319.40K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 177.90K | SH | $66.78M 0.60% | 177.90K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 360.50K | SH | $55.75M 0.50% | 360.50K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 511K | SH | $55.38M 0.50% | 511K | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 92.60K | SH | $53.37M 0.48% | 92.60K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 270K | SH | $51.37M 0.46% | 270K | 0.00 | 0.00 |
J P MORGAN EXCHANGE TRADED FSOLE | BETABUILDRS US | 463K | SH | $46.71M 0.42% | 463K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 160.90K | SH | $39.47M 0.35% | 160.90K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 110.30K | SH | $38.66M 0.35% | 110.30K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDDFND | CL A | 68.10K | SH | $37.33M 0.34% | 68.10K | 0.00 | 0.00 |
INTUITIVE SURGICAL INCDFND | COM NEW | 72.20K | SH | $35.76M 0.32% | 72.20K | 0.00 | 0.00 |
WALMART INCDFND | COM | 339.10K | SH | $29.77M 0.27% | 339.10K | 0.00 | 0.00 |
ELI LILLY & CODFND | COM | 34.80K | SH | $28.74M 0.26% | 34.80K | 0.00 | 0.00 |
BLACKROCK INCDFND | COM | 29.40K | SH | $27.83M 0.25% | 29.40K | 0.00 | 0.00 |
THERMO FISHER SCIENTIFIC INCDFND | COM | 55.90K | SH | $27.82M 0.25% | 55.90K | 0.00 | 0.00 |
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