Filed: 11/4/2025ACC: 0000929638-25-004118
📋 What this filing means
NATIONAL MUTUAL INSURANCE FEDERATION OF AGRICULTURAL COOPERATIVES filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $13.18B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$13.18B
Total AUM (reported)
41.83M
Total Shares
Allocation by class
CORE S&P 500 ETF$2.40B18.2%
LARGE CAP ETF$2.01B15.3%
S&P 500 ETF SHS$1.79B13.6%
TR UNIT$1.74B13.2%
UNIT SER 1$1.06B8.0%
TOTAL STK MKT$881.73M6.7%
COM$821.74M6.2%
Portfolio Concentration
Top 3$6.20B47.1%
4–10$5.79B43.9%
11–25$829.11M6.3%
Rest$363.68M2.8%
Top 3 weight
47.1%
Top 10 weight
91.0%
Voting Authority Distribution
Total shares with voting rights: 41.83M
Sole
Full voting authority
41.83M
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
Other31
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings42
Rows:
ISHARES TR
SOLEShares3.58M
TypeSH
Market value$2.40B
18.18%
Sole
3.58M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares6.54M
TypeSH
Market value$2.01B
15.28%
Sole
6.54M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.93M
TypeSH
Market value$1.79B
13.59%
Sole
2.93M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares2.62M
TypeSH
Market value$1.74B
13.23%
Sole
2.62M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares1.76M
TypeSH
Market value$1.06B
8.01%
Sole
1.76M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares2.69M
TypeSH
Market value$881.73M
6.69%
Sole
2.69M
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares9.54M
TypeSH
Market value$747.05M
5.67%
Sole
9.54M
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares2.50M
TypeSH
Market value$619.04M
4.70%
Sole
2.50M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.04M
TypeSH
Market value$450.38M
3.42%
Sole
4.04M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares791K
TypeSH
Market value$289.09M
2.19%
Sole
791K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares511K
TypeSH
Market value$95.34M
0.72%
Sole
511K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares177.90K
TypeSH
Market value$92.14M
0.70%
Sole
177.90K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares360.50K
TypeSH
Market value$87.64M
0.66%
Sole
360.50K
Shared
0.00
None
0.00
APPLE INC
DFNDShares319.40K
TypeSH
Market value$81.33M
0.62%
Sole
319.40K
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares92.60K
TypeSH
Market value$68.00M
0.52%
Sole
92.60K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares270K
TypeSH
Market value$59.28M
0.45%
Sole
270K
Shared
0.00
None
0.00
J P MORGAN EXCHANGE TRADED F
SOLEShares463K
TypeSH
Market value$55.87M
0.42%
Sole
463K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares160.90K
TypeSH
Market value$50.75M
0.38%
Sole
160.90K
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
DFNDShares68.10K
TypeSH
Market value$38.74M
0.29%
Sole
68.10K
Shared
0.00
None
0.00
VISA INC
DFNDShares110.30K
TypeSH
Market value$37.65M
0.29%
Sole
110.30K
Shared
0.00
None
0.00
WALMART INC
DFNDShares339.10K
TypeSH
Market value$34.95M
0.27%
Sole
339.10K
Shared
0.00
None
0.00
BLACKROCK INC
DFNDShares29.40K
TypeSH
Market value$34.28M
0.26%
Sole
29.40K
Shared
0.00
None
0.00
INTUITIVE SURGICAL INC
DFNDShares72.20K
TypeSH
Market value$32.29M
0.24%
Sole
72.20K
Shared
0.00
None
0.00
EATON CORP PLC
DFNDShares84.30K
TypeSH
Market value$31.55M
0.24%
Sole
84.30K
Shared
0.00
None
0.00
INTUIT
DFNDShares42.90K
TypeSH
Market value$29.30M
0.22%
Sole
42.90K
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 | $2.40B 18.18% | 3.58M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | LARGE CAP ETF | 6.54M | SH | $2.01B 15.28% | 6.54M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 2.93M | SH | $1.79B 13.59% | 2.93M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 2.62M | SH | $1.74B 13.23% | 2.62M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 1.76M | SH | $1.06B 8.01% | 1.76M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 2.69M | SH | $881.73M 6.69% | 2.69M | 0.00 | 0.00 |
SPDR SER TRSOLE | PORTFOLIO S&P500 | 9.54M | SH | $747.05M 5.67% | 9.54M | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | NASDAQ 100 ETF | 2.50M | SH | $619.04M 4.70% | 2.50M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX INV CP ETF | 4.04M | SH | $450.38M 3.42% | 4.04M | 0.00 | 0.00 |
ISHARES TRSOLE | RUS 1000 ETF | 791K | SH | $289.09M 2.19% | 791K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 511K | SH | $95.34M 0.72% | 511K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 177.90K | SH | $92.14M 0.70% | 177.90K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 360.50K | SH | $87.64M 0.66% | 360.50K | 0.00 | 0.00 |
APPLE INCDFND | COM | 319.40K | SH | $81.33M 0.62% | 319.40K | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 92.60K | SH | $68.00M 0.52% | 92.60K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 270K | SH | $59.28M 0.45% | 270K | 0.00 | 0.00 |
J P MORGAN EXCHANGE TRADED FSOLE | BETABUILDRS US | 463K | SH | $55.87M 0.42% | 463K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 160.90K | SH | $50.75M 0.38% | 160.90K | 0.00 | 0.00 |
MASTERCARD INCORPORATEDDFND | CL A | 68.10K | SH | $38.74M 0.29% | 68.10K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 110.30K | SH | $37.65M 0.29% | 110.30K | 0.00 | 0.00 |
WALMART INCDFND | COM | 339.10K | SH | $34.95M 0.27% | 339.10K | 0.00 | 0.00 |
BLACKROCK INCDFND | COM | 29.40K | SH | $34.28M 0.26% | 29.40K | 0.00 | 0.00 |
INTUITIVE SURGICAL INCDFND | COM NEW | 72.20K | SH | $32.29M 0.24% | 72.20K | 0.00 | 0.00 |
EATON CORP PLCDFND | SHS | 84.30K | SH | $31.55M 0.24% | 84.30K | 0.00 | 0.00 |
INTUITDFND | COM | 42.90K | SH | $29.30M 0.22% | 42.90K | 0.00 | 0.00 |
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