Filed: 8/14/2025ACC: 0000905148-25-002917
📋 What this filing means
NORINCHUKIN BANK, THE filed this quarterly 13F‑HR report disclosing 567 equity positions with a total reported market value of $6.72B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
567
Positions
$6.72B
Total AUM (reported)
44.55M
Total Shares
Allocation by class
COM$3.46B51.4%
TR UNIT$761.81M11.3%
CL A$343.66M5.1%
CORE S&P TTL STK$303.38M4.5%
UNIT SER 1$285.75M4.3%
CORE S&P500 ETF$278.77M4.1%
PORTFOLIO S&P500$255.23M3.8%
Portfolio Concentration
Top 3$1.35B20.1%
4–10$1.66B24.8%
11–25$1.08B16.0%
Rest$2.63B39.1%
Top 3 weight
20.1%
Top 10 weight
44.9%
Voting Authority Distribution
Total shares with voting rights: 44.55M
Sole
Full voting authority
44.55M
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)
Sole8
Shared0
Other559
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings567
Rows:
SPDR S&P 500 ETF TR
SOLEShares1.23M
TypeSH
Market value$761.81M
11.34%
Sole
1.23M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.25M
TypeSH
Market value$303.38M
4.51%
Sole
2.25M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares518K
TypeSH
Market value$285.75M
4.25%
Sole
518K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares568.28K
TypeSH
Market value$282.67M
4.21%
Sole
568.28K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares448.98K
TypeSH
Market value$278.77M
4.15%
Sole
448.98K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares3.51M
TypeSH
Market value$255.23M
3.80%
Sole
3.51M
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares1.60M
TypeSH
Market value$253.34M
3.77%
Sole
1.60M
Shared
0.00
None
0.00
APPLE INC
DFNDShares1.01M
TypeSH
Market value$207.67M
3.09%
Sole
1.01M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares362.58K
TypeSH
Market value$205.96M
3.06%
Sole
362.58K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares825.42K
TypeSH
Market value$181.09M
2.69%
Sole
825.42K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares5.75M
TypeSH
Market value$132.12M
1.97%
Sole
5.75M
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares138.87K
TypeSH
Market value$102.50M
1.53%
Sole
138.87K
Shared
0.00
None
0.00
BROADCOM INC
DFNDShares336.99K
TypeSH
Market value$92.89M
1.38%
Sole
336.99K
Shared
0.00
None
0.00
VISA INC
DFNDShares244.50K
TypeSH
Market value$86.81M
1.29%
Sole
244.50K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares300K
TypeSH
Market value$85.59M
1.27%
Sole
300K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares70.90K
TypeSH
Market value$70.19M
1.04%
Sole
70.90K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares379.60K
TypeSH
Market value$66.90M
1.00%
Sole
379.60K
Shared
0.00
None
0.00
TESLA INC
DFNDShares194.68K
TypeSH
Market value$61.84M
0.92%
Sole
194.68K
Shared
0.00
None
0.00
TEXAS INSTRS INC
DFNDShares297.01K
TypeSH
Market value$61.67M
0.92%
Sole
297.01K
Shared
0.00
None
0.00
S&P GLOBAL INC
DFNDShares113.10K
TypeSH
Market value$59.64M
0.89%
Sole
113.10K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares322.41K
TypeSH
Market value$57.19M
0.85%
Sole
322.41K
Shared
0.00
None
0.00
AMPHENOL CORP NEW
DFNDShares539.61K
TypeSH
Market value$53.29M
0.79%
Sole
539.61K
Shared
0.00
None
0.00
ZOETIS INC
DFNDShares322.09K
TypeSH
Market value$50.23M
0.75%
Sole
322.09K
Shared
0.00
None
0.00
NETFLIX INC
DFNDShares35.87K
TypeSH
Market value$48.03M
0.71%
Sole
35.87K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares165.28K
TypeSH
Market value$47.92M
0.71%
Sole
165.28K
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 | $761.81M 11.34% | 1.23M | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P TTL STK | 2.25M | SH | $303.38M 4.51% | 2.25M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 518K | SH | $285.75M 4.25% | 518K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 568.28K | SH | $282.67M 4.21% | 568.28K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 448.98K | SH | $278.77M 4.15% | 448.98K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | PORTFOLIO S&P500 | 3.51M | SH | $255.23M 3.80% | 3.51M | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 1.60M | SH | $253.34M 3.77% | 1.60M | 0.00 | 0.00 |
APPLE INCDFND | COM | 1.01M | SH | $207.67M 3.09% | 1.01M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 362.58K | SH | $205.96M 3.06% | 362.58K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 825.42K | SH | $181.09M 2.69% | 825.42K | 0.00 | 0.00 |
ISHARES TRDFND | US TREAS BD ETF | 5.75M | SH | $132.12M 1.97% | 5.75M | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 138.87K | SH | $102.50M 1.53% | 138.87K | 0.00 | 0.00 |
BROADCOM INCDFND | COM | 336.99K | SH | $92.89M 1.38% | 336.99K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 244.50K | SH | $86.81M 1.29% | 244.50K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | LARGE CAP ETF | 300K | SH | $85.59M 1.27% | 300K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 70.90K | SH | $70.19M 1.04% | 70.90K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 379.60K | SH | $66.90M 1.00% | 379.60K | 0.00 | 0.00 |
TESLA INCDFND | COM | 194.68K | SH | $61.84M 0.92% | 194.68K | 0.00 | 0.00 |
TEXAS INSTRS INCDFND | COM | 297.01K | SH | $61.67M 0.92% | 297.01K | 0.00 | 0.00 |
S&P GLOBAL INCDFND | COM | 113.10K | SH | $59.64M 0.89% | 113.10K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 322.41K | SH | $57.19M 0.85% | 322.41K | 0.00 | 0.00 |
AMPHENOL CORP NEWDFND | CL A | 539.61K | SH | $53.29M 0.79% | 539.61K | 0.00 | 0.00 |
ZOETIS INCDFND | CL A | 322.09K | SH | $50.23M 0.75% | 322.09K | 0.00 | 0.00 |
NETFLIX INCDFND | COM | 35.87K | SH | $48.03M 0.71% | 35.87K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 165.28K | SH | $47.92M 0.71% | 165.28K | 0.00 | 0.00 |
Page 1 of 23
…