Filed: 8/8/2025ACC: 0000929638-25-002941
📋 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 $12.36B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
43
Positions
$12.36B
Total AUM (reported)
42.25M
Total Shares
Allocation by class
CORE S&P 500 ETF$2.22B18.0%
LARGE CAP ETF$1.87B15.1%
S&P 500 ETF SHS$1.66B13.4%
TR UNIT$1.62B13.1%
UNIT SER 1$970.33M7.9%
TOTAL STK MKT$816.60M6.6%
COM$774.37M6.3%
Portfolio Concentration
Top 3$5.75B46.6%
4–10$5.48B44.3%
11–25$771.38M6.2%
Rest$353.49M2.9%
Top 3 weight
46.6%
Top 10 weight
90.9%
Voting Authority Distribution
Total shares with voting rights: 42.25M
Sole
Full voting authority
42.25M
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$2.22B
18.00%
Sole
3.58M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares6.54M
TypeSH
Market value$1.87B
15.11%
Sole
6.54M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.93M
TypeSH
Market value$1.66B
13.45%
Sole
2.93M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares2.62M
TypeSH
Market value$1.62B
13.09%
Sole
2.62M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares1.76M
TypeSH
Market value$970.33M
7.85%
Sole
1.76M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.69M
TypeSH
Market value$816.60M
6.61%
Sole
2.69M
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares9.54M
TypeSH
Market value$693.17M
5.61%
Sole
9.54M
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares2.96M
TypeSH
Market value$671.08M
5.43%
Sole
2.96M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.04M
TypeSH
Market value$442.87M
3.58%
Sole
4.04M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares791K
TypeSH
Market value$268.60M
2.17%
Sole
791K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares177.90K
TypeSH
Market value$88.49M
0.72%
Sole
177.90K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares511K
TypeSH
Market value$80.73M
0.65%
Sole
511K
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares92.60K
TypeSH
Market value$68.35M
0.55%
Sole
92.60K
Shared
0.00
None
0.00
APPLE INC
DFNDShares319.40K
TypeSH
Market value$65.53M
0.53%
Sole
319.40K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares360.50K
TypeSH
Market value$63.53M
0.51%
Sole
360.50K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares270K
TypeSH
Market value$59.24M
0.48%
Sole
270K
Shared
0.00
None
0.00
J P MORGAN EXCHANGE TRADED F
SOLEShares463K
TypeSH
Market value$51.82M
0.42%
Sole
463K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares160.90K
TypeSH
Market value$46.65M
0.38%
Sole
160.90K
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
DFNDShares72.20K
TypeSH
Market value$39.23M
0.32%
Sole
72.20K
Shared
0.00
None
0.00
VISA INC
DFNDShares110.30K
TypeSH
Market value$39.16M
0.32%
Sole
110.30K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
DFNDShares68.10K
TypeSH
Market value$38.27M
0.31%
Sole
68.10K
Shared
0.00
None
0.00
INTUIT
DFNDShares42.90K
TypeSH
Market value$33.79M
0.27%
Sole
42.90K
Shared
0.00
None
0.00
WALMART INC
DFNDShares339.10K
TypeSH
Market value$33.16M
0.27%
Sole
339.10K
Shared
0.00
None
0.00
ELI LILLY & CO
DFNDShares41.80K
TypeSH
Market value$32.58M
0.26%
Sole
41.80K
Shared
0.00
None
0.00
BLACKROCK INC
DFNDShares29.40K
TypeSH
Market value$30.85M
0.25%
Sole
29.40K
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 | $2.22B 18.00% | 3.58M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | LARGE CAP ETF | 6.54M | SH | $1.87B 15.11% | 6.54M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 2.93M | SH | $1.66B 13.45% | 2.93M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 2.62M | SH | $1.62B 13.09% | 2.62M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 1.76M | SH | $970.33M 7.85% | 1.76M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 2.69M | SH | $816.60M 6.61% | 2.69M | 0.00 | 0.00 |
SPDR SER TRSOLE | PORTFOLIO S&P500 | 9.54M | SH | $693.17M 5.61% | 9.54M | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | NASDAQ 100 ETF | 2.96M | SH | $671.08M 5.43% | 2.96M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 4.04M | SH | $442.87M 3.58% | 4.04M | 0.00 | 0.00 |
ISHARES TRSOLE | RUS 1000 ETF | 791K | SH | $268.60M 2.17% | 791K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 177.90K | SH | $88.49M 0.72% | 177.90K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 511K | SH | $80.73M 0.65% | 511K | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 92.60K | SH | $68.35M 0.55% | 92.60K | 0.00 | 0.00 |
APPLE INCDFND | COM | 319.40K | SH | $65.53M 0.53% | 319.40K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 360.50K | SH | $63.53M 0.51% | 360.50K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 270K | SH | $59.24M 0.48% | 270K | 0.00 | 0.00 |
J P MORGAN EXCHANGE TRADED FSOLE | BETABUILDRS US | 463K | SH | $51.82M 0.42% | 463K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 160.90K | SH | $46.65M 0.38% | 160.90K | 0.00 | 0.00 |
INTUITIVE SURGICAL INCDFND | COM NEW | 72.20K | SH | $39.23M 0.32% | 72.20K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 110.30K | SH | $39.16M 0.32% | 110.30K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDDFND | CL A | 68.10K | SH | $38.27M 0.31% | 68.10K | 0.00 | 0.00 |
INTUITDFND | COM | 42.90K | SH | $33.79M 0.27% | 42.90K | 0.00 | 0.00 |
WALMART INCDFND | COM | 339.10K | SH | $33.16M 0.27% | 339.10K | 0.00 | 0.00 |
ELI LILLY & CODFND | COM | 41.80K | SH | $32.58M 0.26% | 41.80K | 0.00 | 0.00 |
BLACKROCK INCDFND | COM | 29.40K | SH | $30.85M 0.25% | 29.40K | 0.00 | 0.00 |
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