Filed: 11/14/2025ACC: 0000905148-25-003989
📋 What this filing means
NORINCHUKIN BANK, THE filed this quarterly 13F‑HR report disclosing 567 equity positions with a total reported market value of $7.46B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
567
Positions
$7.46B
Total AUM (reported)
45.77M
Total Shares
Allocation by class
COM$3.67B49.3%
TR UNIT$821.40M11.0%
CL A$356.50M4.8%
CORE S&P TTL STK$327.21M4.4%
UNIT SER 1$310.99M4.2%
CORE S&P500 ETF$300.50M4.0%
PORTFOLIO S&P500$275.07M3.7%
Portfolio Concentration
Top 3$1.46B19.6%
4–10$1.89B25.3%
11–25$1.31B17.6%
Rest$2.79B37.5%
Top 3 weight
19.6%
Top 10 weight
44.9%
Voting Authority Distribution
Total shares with voting rights: 45.77M
Sole
Full voting authority
45.77M
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)
Sole9
Shared0
Other558
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings567
Rows:
SPDR S&P 500 ETF TR
SOLEShares1.23M
TypeSH
Market value$821.40M
11.02%
Sole
1.23M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.25M
TypeSH
Market value$327.21M
4.39%
Sole
2.25M
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares1.68M
TypeSH
Market value$312.69M
4.19%
Sole
1.68M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares518K
TypeSH
Market value$310.99M
4.17%
Sole
518K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares448.98K
TypeSH
Market value$300.50M
4.03%
Sole
448.98K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares566.94K
TypeSH
Market value$293.65M
3.94%
Sole
566.94K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares3.51M
TypeSH
Market value$275.07M
3.69%
Sole
3.51M
Shared
0.00
None
0.00
APPLE INC
DFNDShares1.01M
TypeSH
Market value$257.67M
3.46%
Sole
1.01M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares687.50K
TypeSH
Market value$225.62M
3.03%
Sole
687.50K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares362.58K
TypeSH
Market value$222.04M
2.98%
Sole
362.58K
Shared
0.00
None
0.00
AMAZON COM INC
DFNDShares836.05K
TypeSH
Market value$183.57M
2.46%
Sole
836.05K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares5.96M
TypeSH
Market value$137.76M
1.85%
Sole
5.96M
Shared
0.00
None
0.00
BROADCOM INC
DFNDShares350.73K
TypeSH
Market value$115.71M
1.55%
Sole
350.73K
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares143.02K
TypeSH
Market value$105.03M
1.41%
Sole
143.02K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares388.36K
TypeSH
Market value$94.41M
1.27%
Sole
388.36K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares300K
TypeSH
Market value$92.36M
1.24%
Sole
300K
Shared
0.00
None
0.00
TESLA INC
DFNDShares199.84K
TypeSH
Market value$88.87M
1.19%
Sole
199.84K
Shared
0.00
None
0.00
VISA INC
DFNDShares251.28K
TypeSH
Market value$85.78M
1.15%
Sole
251.28K
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares320.58K
TypeSH
Market value$78.08M
1.05%
Sole
320.58K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares73.95K
TypeSH
Market value$68.45M
0.92%
Sole
73.95K
Shared
0.00
None
0.00
TEXAS INSTRS INC
DFNDShares311.93K
TypeSH
Market value$57.31M
0.77%
Sole
311.93K
Shared
0.00
None
0.00
S&P GLOBAL INC
DFNDShares111.42K
TypeSH
Market value$54.23M
0.73%
Sole
111.42K
Shared
0.00
None
0.00
ZOETIS INC
DFNDShares360.65K
TypeSH
Market value$52.77M
0.71%
Sole
360.65K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
DFNDShares165.72K
TypeSH
Market value$52.27M
0.70%
Sole
165.72K
Shared
0.00
None
0.00
LINDE PLC
DFNDShares99.40K
TypeSH
Market value$47.21M
0.63%
Sole
99.40K
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 | $821.40M 11.02% | 1.23M | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P TTL STK | 2.25M | SH | $327.21M 4.39% | 2.25M | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 1.68M | SH | $312.69M 4.19% | 1.68M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 518K | SH | $310.99M 4.17% | 518K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 448.98K | SH | $300.50M 4.03% | 448.98K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 566.94K | SH | $293.65M 3.94% | 566.94K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | PORTFOLIO S&P500 | 3.51M | SH | $275.07M 3.69% | 3.51M | 0.00 | 0.00 |
APPLE INCDFND | COM | 1.01M | SH | $257.67M 3.46% | 1.01M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 687.50K | SH | $225.62M 3.03% | 687.50K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 362.58K | SH | $222.04M 2.98% | 362.58K | 0.00 | 0.00 |
AMAZON COM INCDFND | COM | 836.05K | SH | $183.57M 2.46% | 836.05K | 0.00 | 0.00 |
ISHARES TRDFND | US TREAS BD ETF | 5.96M | SH | $137.76M 1.85% | 5.96M | 0.00 | 0.00 |
BROADCOM INCDFND | COM | 350.73K | SH | $115.71M 1.55% | 350.73K | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 143.02K | SH | $105.03M 1.41% | 143.02K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 388.36K | SH | $94.41M 1.27% | 388.36K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | LARGE CAP ETF | 300K | SH | $92.36M 1.24% | 300K | 0.00 | 0.00 |
TESLA INCDFND | COM | 199.84K | SH | $88.87M 1.19% | 199.84K | 0.00 | 0.00 |
VISA INCDFND | COM CL A | 251.28K | SH | $85.78M 1.15% | 251.28K | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 320.58K | SH | $78.08M 1.05% | 320.58K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 73.95K | SH | $68.45M 0.92% | 73.95K | 0.00 | 0.00 |
TEXAS INSTRS INCDFND | COM | 311.93K | SH | $57.31M 0.77% | 311.93K | 0.00 | 0.00 |
S&P GLOBAL INCDFND | COM | 111.42K | SH | $54.23M 0.73% | 111.42K | 0.00 | 0.00 |
ZOETIS INCDFND | CL A | 360.65K | SH | $52.77M 0.71% | 360.65K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.DFND | COM | 165.72K | SH | $52.27M 0.70% | 165.72K | 0.00 | 0.00 |
LINDE PLCDFND | SHS | 99.40K | SH | $47.21M 0.63% | 99.40K | 0.00 | 0.00 |
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