Filed: 5/14/2025ACC: 0000905148-25-001617
📋 What this filing means
NORINCHUKIN BANK, THE filed this quarterly 13F‑HR report disclosing 560 equity positions with a total reported market value of $5.44B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
560
Positions
$5.44B
Total AUM (reported)
39.12M
Total Shares
Allocation by class
COM$2.98B54.8%
TR UNIT$689.73M12.7%
CL A$265.20M4.9%
CORE S&P500 ETF$252.28M4.6%
UNIT SER 1$242.90M4.5%
PORTFOLIO S&P500$224.26M4.1%
S&P 500 ETF SHS$151.59M2.8%
Portfolio Concentration
Top 3$1.18B21.8%
4–10$1.18B21.6%
11–25$802.00M14.8%
Rest$2.27B41.8%
Top 3 weight
21.8%
Top 10 weight
43.4%
Voting Authority Distribution
Total shares with voting rights: 39.12M
Sole
Full voting authority
39.12M
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)
Sole5
Shared0
Other555
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings560
Rows:
SPDR S&P 500 ETF TR
SOLEShares1.23M
TypeSH
Market value$689.73M
12.69%
Sole
1.23M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares448.98K
TypeSH
Market value$252.28M
4.64%
Sole
448.98K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares518K
TypeSH
Market value$242.90M
4.47%
Sole
518K
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares3.41M
TypeSH
Market value$224.26M
4.12%
Sole
3.41M
Shared
0.00
None
0.00
APPLE INC
DFNDShares929.01K
TypeSH
Market value$206.36M
3.80%
Sole
929.01K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares533.15K
TypeSH
Market value$200.14M
3.68%
Sole
533.15K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares1.46M
TypeSH
Market value$158.39M
2.91%
Sole
1.46M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares294.98K
TypeSH
Market value$151.59M
2.79%
Sole
294.98K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares5.19M
TypeSH
Market value$119.21M
2.19%
Sole
5.19M
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares612.07K
TypeSH
Market value$116.45M
2.14%
Sole
612.07K
Shared
0.00
None
0.00
VISA INC
DFNDShares228.84K
TypeSH
Market value$80.20M
1.48%
Sole
228.84K
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares132.69K
TypeSH
Market value$76.48M
1.41%
Sole
132.69K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares78.77K
TypeSH
Market value$74.50M
1.37%
Sole
78.77K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares353.80K
TypeSH
Market value$54.71M
1.01%
Sole
353.80K
Shared
0.00
None
0.00
S&P GLOBAL INC
DFNDShares105.21K
TypeSH
Market value$53.46M
0.98%
Sole
105.21K
Shared
0.00
None
0.00
BROADCOM INC
DFNDShares316.29K
TypeSH
Market value$52.96M
0.97%
Sole
316.29K
Shared
0.00
None
0.00
TEXAS INSTRS INC
DFNDShares291.06K
TypeSH
Market value$52.30M
0.96%
Sole
291.06K
Shared
0.00
None
0.00
ZOETIS INC
DFNDShares290.85K
TypeSH
Market value$47.89M
0.88%
Sole
290.85K
Shared
0.00
None
0.00
TESLA INC
DFNDShares183K
TypeSH
Market value$47.43M
0.87%
Sole
183K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares302.24K
TypeSH
Market value$47.22M
0.87%
Sole
302.24K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares88.24K
TypeSH
Market value$47.00M
0.86%
Sole
88.24K
Shared
0.00
None
0.00
AMPHENOL CORP NEW
DFNDShares689.68K
TypeSH
Market value$45.24M
0.83%
Sole
689.68K
Shared
0.00
None
0.00
SHERWIN WILLIAMS CO
DFNDShares120.20K
TypeSH
Market value$41.97M
0.77%
Sole
120.20K
Shared
0.00
None
0.00
LINDE PLC
DFNDShares88.51K
TypeSH
Market value$41.22M
0.76%
Sole
88.51K
Shared
0.00
None
0.00
VERISK ANALYTICS INC
DFNDShares132.52K
TypeSH
Market value$39.44M
0.73%
Sole
132.52K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 1.23M | SH | $689.73M 12.69% | 1.23M | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 448.98K | SH | $252.28M 4.64% | 448.98K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 518K | SH | $242.90M 4.47% | 518K | 0.00 | 0.00 |
SPDR SER TRSOLE | PORTFOLIO S&P500 | 3.41M | SH | $224.26M 4.12% | 3.41M | 0.00 | 0.00 |
APPLE INCDFND | COM | 929.01K | SH | $206.36M 3.80% | 929.01K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 533.15K | SH | $200.14M 3.68% | 533.15K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 1.46M | SH | $158.39M 2.91% | 1.46M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 294.98K | SH | $151.59M 2.79% | 294.98K | 0.00 | 0.00 |
ISHARES TRDFND | US TREAS BD ETF | 5.19M | SH | $119.21M 2.19% | 5.19M | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 612.07K | SH | $116.45M 2.14% | 612.07K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 228.84K | SH | $80.20M 1.48% | 228.84K | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 132.69K | SH | $76.48M 1.41% | 132.69K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 78.77K | SH | $74.50M 1.37% | 78.77K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 353.80K | SH | $54.71M 1.01% | 353.80K | 0.00 | 0.00 |
S&P GLOBAL INCDFND | COM | 105.21K | SH | $53.46M 0.98% | 105.21K | 0.00 | 0.00 |
BROADCOM INCDFND | COM | 316.29K | SH | $52.96M 0.97% | 316.29K | 0.00 | 0.00 |
TEXAS INSTRS INCDFND | COM | 291.06K | SH | $52.30M 0.96% | 291.06K | 0.00 | 0.00 |
ZOETIS INCDFND | CL A | 290.85K | SH | $47.89M 0.88% | 290.85K | 0.00 | 0.00 |
TESLA INCDFND | COM | 183K | SH | $47.43M 0.87% | 183K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 302.24K | SH | $47.22M 0.87% | 302.24K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 88.24K | SH | $47.00M 0.86% | 88.24K | 0.00 | 0.00 |
AMPHENOL CORP NEWDFND | CL A | 689.68K | SH | $45.24M 0.83% | 689.68K | 0.00 | 0.00 |
SHERWIN WILLIAMS CODFND | COM | 120.20K | SH | $41.97M 0.77% | 120.20K | 0.00 | 0.00 |
LINDE PLCDFND | SHS | 88.51K | SH | $41.22M 0.76% | 88.51K | 0.00 | 0.00 |
VERISK ANALYTICS INCDFND | COM | 132.52K | SH | $39.44M 0.73% | 132.52K | 0.00 | 0.00 |
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