Asahi Life Asset Management Co., LTD.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Asahi Life Asset Management Co., LTD. reported 153 stock positions worth $180.3 million. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Apple (AAPL, 5.2%). Compared with Q2 2025, it opened 60 new positions, sold out of 62, added to 32 and reduced 54. The biggest buy was Chevron (CVX, shares +46%) and the biggest sale Salesforce (CRM, shares −10%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0001564835
Portfolio Value
$180.3M (Q3 2025)
SEC Filing
0001754960-25-000758 ↗ filed Nov 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $166.8M Q1 2024 Q2 2024: $145.4M Q2 2024 Q3 2024: $165.2M Q3 2024 Q4 2024: $164.0M Q4 2024 Q1 2025: $154.5M Q1 2025 Q2 2025: $171.2M Q2 2025 Q3 2025: $180.3M $180.3M Q3 2025 Q4 2025: $179.4M Q4 2025 Q1 2026: $154.7M Q1 2026 Q2 2026: $177.0M Q2 2026

Holdings 153 stocks · $180.3M
MSFT Microsoft Corp. 6.39% 22,257 $11.5M Reduce -1.8%
NVDA Nvidia Corp. 5.65% 54,623 $10.2M Reduce -5.8%
AAPL Apple Inc. 5.22% 36,992 $9.4M Reduce -5.6%
GS Goldman Sachs Group Inc. 4.06% 9,198 $7.3M Reduce -1.2%
AMZN Amazon.com Inc. 3.46% 28,376 $6.2M Add +3.3%
GOOGL Alphabet Inc. Class A 2.69% 19,923 $4.8M Reduce -10.9%
HD Home Depot Inc. 2.49% 11,077 $4.5M Reduce -8.2%
CAT Caterpillar Inc. 2.43% 9,198 $4.4M Reduce -16.6%
JPM JPMorgan Chase & Co. 2.33% 13,316 $4.2M Reduce -1.9%
V Visa Inc. Class A 2.16% 11,403 $3.9M Reduce -5.0%
UNH Unitedhealth Group Inc. 2.09% 10,894 $3.8M Reduce -9.5%
MCD McDonald's Corp. 1.78% 10,560 $3.2M Add +13.4%
SHW The Sherwin-Williams Co. 1.77% 9,198 $3.2M Reduce -1.2%
AVGO Broadcom Inc. 1.72% 9,415 $3.1M Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.71% 10,919 $3.1M Add +9.3%
AXP American Express Co. 1.69% 9,198 $3.1M Reduce -1.2%
META Meta Platforms Inc. Class A 1.66% 4,071 $3.0M Reduce -12.0%
AMGN Amgen Inc. 1.59% 10,186 $2.9M Add +9.4%
BA The Boeing Co. 1.46% 12,227 $2.6M Add +31.3%
CRM Salesforce Inc. 1.45% 11,012 $2.6M Reduce -9.6%
TRV The Travelers Cos Inc. 1.42% 9,198 $2.6M Reduce -1.2%
JNJ Johnson & Johnson 1.40% 13,579 $2.5M Add +14.2%
PG The Procter & Gamble Co. 1.35% 15,784 $2.4M Add +32.6%
TSLA Tesla Inc. 1.34% 5,420 $2.4M Reduce -0.8%
CVX Chevron Corp. 1.30% 15,093 $2.3M Add +45.7%
HON Honeywell International Inc. 1.22% 10,454 $2.2M Add +12.3%
MRK Merck & Co. Inc. 0.85% 18,260 $1.5M Add +1.4%
LLY Eli Lilly & Co. 0.83% 1,952 $1.5M Reduce -3.3%
WMT Walmart Inc. 0.81% 14,094 $1.5M Reduce -2.4%
KO The Coca-Cola Co. 0.80% 21,856 $1.4M Add +29.2%
MMM 3M Co. 0.79% 9,198 $1.4M Reduce -1.2%
NFLX Netflix Inc. 0.71% 1,073 $1.3M Add +84.4%
BRK.B Berkshire Hathaway Inc. Class B 0.70% 2,518 $1.3M Add +33.2%
ABBV Abbvie Inc. 0.66% 5,147 $1.2M Add +7.3%
ORCL Oracle Corp. 0.66% 4,227 $1.2M Reduce -8.9%
CSCO Cisco Systems Inc. 0.63% 16,493 $1.1M Add +38.0%
PLTR Palantir Technologies Inc. Class A 0.62% 6,161 $1.1M Reduce -5.9%
XOM Exxon Mobil Corp. 0.61% 9,768 $1.1M Reduce -12.0%
COST Costco Wholesale Corp. 0.60% 1,170 $1.1M Add +3.1%
VZ Verizon Communications Inc. 0.60% 24,638 $1.1M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.58% 9,198 $1.1M Reduce -1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.56% 19,660 $1.0M Reduce -4.7%
GE General Electric filed as GE AEROSPACE 0.53% 3,150 $948K Reduce -6.0%
WFC Wells Fargo & Co. 0.48% 10,250 $859K Reduce -1.5%
AMD Advanced Micro Devices 0.44% 4,955 $802K Reduce -8.2%
PM Philip Morris International 0.44% 4,927 $799K Add +2.5%
C Citigroup Inc. 0.39% 6,873 $698K Reduce -12.4%
NOW ServiceNow Inc. 0.38% 745 $686K New
APP AppLovin Corp. Class A 0.38% 953 $685K Reduce -23.8%
BLK BlackRock Inc. 0.36% 563 $656K Reduce -0.3%
NKE Nike Inc. Class B 0.36% 9,198 $641K Reduce -1.2%
NEE Nextera Energy Inc. 0.36% 8,480 $640K New
PFE Pfizer Inc. 0.35% 24,943 $636K New
ISRG Intuitive Surgical Inc. 0.35% 1,416 $633K Add +8.1%
COF Capital One Financial Corp. 0.33% 2,779 $591K Reduce -3.2%
CRWD CrowdStrike Holdings Inc. Class A 0.33% 1,196 $586K Add +4.9%
MO Altria Group Inc. 0.31% 8,370 $553K Reduce -5.6%
MA Mastercard Inc. Class A 0.31% 972 $553K Reduce -53.7%
CB Chubb Ltd. 0.30% 1,944 $549K New
NEM Newmont Corp. 0.30% 6,473 $546K Reduce -17.1%
NOC Northrop Grumman Corp. 0.30% 895 $545K New
LMT Lockheed Martin Corp. 0.30% 1,081 $540K New
ADP Automatic Data Processing 0.30% 1,833 $538K Add +3.9%
ORLY O'reilly Automotive Inc. 0.30% 4,963 $535K Reduce -3.8%
SNOW Snowflake Inc. 0.28% 2,270 $512K Add +11.3%
VRT Vertiv Holdings Co. Class A 0.28% 3,355 $506K No change
HWM Howmet Aerospace Inc. 0.28% 2,570 $504K Reduce -2.6%
GD General Dynamics Corp. 0.28% 1,460 $498K New
MRVL Marvell Technology Inc. 0.27% 5,846 $491K Reduce -2.1%
GM General Motors Co. 0.27% 7,990 $487K New
USB US Bancorp 0.27% 10,060 $486K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.27% 7,505 $485K Add +33.8%
ALNY Alnylam Pharmaceuticals Inc. 0.26% 1,043 $476K Reduce -18.5%
VLO Valero Energy Corp. 0.26% 2,708 $461K New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.25% 5,720 $457K Add +45.5%
MNST Monster Beverage Corp. 0.25% 6,790 $457K Add +9.6%
D Dominion Energy Inc. 0.25% 7,453 $456K New
FDX FedEx Corp. 0.25% 1,930 $455K New
APO Apollo Global Management Inc. 0.25% 3,402 $453K New
VEEV Veeva Systems Inc. Class A 0.25% 1,520 $453K New
TFC Truist Financial Corp. 0.25% 9,878 $452K New
NET Cloudflare Inc. Class A 0.25% 2,099 $450K New
CMCSA Comcast Corp. Class A 0.25% 14,332 $450K Reduce -15.1%
F Ford Motor Co. filed as FORD MTR CO 0.25% 37,430 $448K No change
EME Emcor Group Inc. 0.25% 685 $445K New
AEP American Electric Power 0.24% 3,910 $440K Reduce -4.9%
REGN Regeneron Pharmaceuticals 0.24% 782 $440K Reduce -7.5%
PSX Phillips 66 0.24% 3,227 $439K New
WDAY Workday Inc. Class A 0.24% 1,817 $437K New
ZS Zscaler Inc. 0.24% 1,451 $435K New
FCX Freeport-McMoran Inc. 0.24% 11,085 $435K Add +5.1%
CNQ Canadian Natural Resources 0.24% 13,549 $433K New
ABT Abbott Laboratories 0.24% 3,215 $431K New
LNG Cheniere Energy Inc. 0.24% 1,825 $429K New
LIN Linde PLC 0.24% 900 $428K New
FSLR First Solar Inc. 0.24% 1,930 $426K New
RTX RTX Corp. 0.23% 2,489 $416K New
RDDT Reddit Inc. Class A 0.23% 1,780 $409K New
CVNA Carvana Co. 0.23% 1,085 $409K Reduce -9.6%
CFG Citizens Financial Group 0.23% 7,690 $409K Reduce -8.2%
ACM Aecom 0.23% 3,115 $406K New
MCHP Microchip Technology Inc. 0.22% 6,300 $405K Add +12.1%
PFG Principal Financial Group 0.22% 4,870 $404K No change
TEAM Atlassian Corp. Class A 0.22% 2,512 $401K New
PRU Prudential Financial Inc. 0.22% 3,840 $398K Add +38.4%
LDOS Leidos Holdings Inc. 0.22% 2,105 $398K New
EXC Exelon Corp. 0.22% 8,770 $395K Add +2.3%
KEY Keycorp 0.22% 21,080 $394K No change
SLF Sun Life Financial Inc. 0.22% 6,520 $392K Add +89.0%
BBY Best Buy Co. Inc. 0.22% 5,172 $391K New
WTRG Essential Utilities Inc. 0.22% 9,791 $391K New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.21% 4,614 $387K New
EXPD Expeditors Intl Wash Inc. 0.21% 3,154 $387K New
STZ Constellation Brands Inc. Class A 0.21% 2,859 $385K New
MGA Magna International Inc. 0.21% 8,118 $385K Add +38.5%
DXCM Dexcom Inc. 0.21% 5,716 $385K New
AMCR Amcor PLC 0.21% 46,966 $384K New
IP International Paper Co. 0.21% 8,221 $381K Add +14.3%
CVE Cenovus Energy Inc. 0.21% 22,432 $381K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.21% 3,710 $381K No change
HBAN Huntington Bancshares Inc. 0.21% 22,013 $380K New
RVTY Revvity Inc. 0.21% 4,336 $380K New
CLX Clorox Company 0.21% 3,081 $380K New
RF Regions Financial Corp. 0.21% 14,320 $378K Reduce -10.8%
T AT&T Inc. 0.21% 13,344 $377K Reduce -35.8%
FLUT Flutter Entertainment PLC-Di 0.20% 1,450 $368K Reduce -7.6%
OTEX Open Text Corp. 0.20% 9,840 $368K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.20% 4,170 $367K New
IOT Samsara Inc. Class A 0.20% 9,802 $365K New
BKNG Booking Holdings Inc. 0.20% 67 $362K Reduce -43.7%
EG Everest Group Ltd. 0.20% 1,030 $361K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.20% 7,310 $358K New
DAL Delta Air Lines Inc. 0.20% 6,310 $358K New
INTU Intuit Inc. 0.20% 523 $357K Reduce -45.7%
BMRN Biomarin Pharmaceutical Inc. 0.20% 6,591 $357K Add +19.4%
INCY Incyte Corp. 0.20% 4,186 $355K New
EMA Emera Inc. 0.19% 7,322 $351K New
TFII Tfi International Inc. 0.19% 3,939 $347K New
LII Lennox International Inc. 0.19% 650 $344K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.18% 2,265 $327K New
ALGN Align Technology Inc. 0.17% 2,520 $316K New
DKNG Draftkings Inc. Class A 0.17% 8,330 $312K No change
ADBE Adobe Inc. 0.16% 822 $290K New
RY Royal Bank of Canada 0.16% 1,958 $289K New
LOW Lowe's Cos Inc. 0.16% 1,142 $287K New
SE Sea Ltd.-ADR 0.15% 1,554 $278K Reduce -34.0%
PGR Progressive Corp. 0.15% 1,100 $272K New
BSX Boston Scientific Corp. 0.14% 2,637 $257K New
TMUS T-Mobile US Inc. 0.13% 978 $234K New
SO The Southern Co. 0.13% 2,407 $228K Reduce -57.9%
GEV GE Vernova Inc. 0.12% 351 $216K Reduce -67.8%
ACN Accenture PLC Class A 0.11% 819 $202K New
GRAB Grab Holdings Ltd. Class A 0.09% 26,140 $157K New

Portfolio Sells Q2 2025 → Q3 2025
CRM Salesforce Inc. Reduce -9.6% 1.45% −0.49
MA Mastercard Inc. Class A Reduce -53.7% 0.31% −0.38
MELI MercadoLibre Inc. Sold out 0.00% −0.35
ETN Eaton Corp. PLC Sold out 0.00% −0.34
MU Micron Technology Inc. Sold out 0.00% −0.34
META Meta Platforms Inc. Class A Reduce -12.0% 1.66% −0.34
ADI Analog Devices Inc. Sold out 0.00% −0.34
V Visa Inc. Class A Reduce -5.0% 2.16% −0.33
BX Blackstone Inc. Sold out 0.00% −0.32
TDG Transdigm Group Inc. Sold out 0.00% −0.31
DUK Duke Energy Corp. Sold out 0.00% −0.31
TT Trane Technologies PLC Sold out 0.00% −0.31
MRSH Marsh & McLennan Cos Sold out 0.00% −0.30
CI The Cigna Group Sold out 0.00% −0.30
INTC Intel Corp. Sold out 0.00% −0.29
ELV Elevance Health Inc. Sold out 0.00% −0.28
CTAS Cintas Corp. Sold out 0.00% −0.28
ADSK Autodesk Inc. Sold out 0.00% −0.28
CL Colgate-Palmolive Co. Sold out 0.00% −0.27
EOG EOG Resources Inc. Sold out 0.00% −0.27
MSI Motorola Solutions Inc. Sold out 0.00% −0.27
STX Seagate Technology Holdings Sold out 0.00% −0.26
HEI Heico Corp. Sold out 0.00% −0.25
EIDO iShares MSCI Indonesia ETF Sold out 0.00% −0.25
INTU Intuit Inc. Reduce -45.7% 0.20% −0.24
NDAQ Nasdaq Inc. Sold out 0.00% −0.24
VRSK Verisk Analytics Inc. Sold out 0.00% −0.24
COR Cencora Inc. Sold out 0.00% −0.24
FICO Fair Isaac Corp. Sold out 0.00% −0.24
MPC Marathon Petroleum Corp. Sold out 0.00% −0.24
TD Toronto-Dominion Bank Sold out 0.00% −0.24
ARES Ares Management Corp. Class A Sold out 0.00% −0.23
FE Firstenergy Corp. Sold out 0.00% −0.23
WAB Wabtec Corp. Sold out 0.00% −0.23
WEC WEC Energy Group Inc. Sold out 0.00% −0.23
PAYX Paychex Inc. Sold out 0.00% −0.22
HUM Humana Inc. Sold out 0.00% −0.22
FAST Fastenal Co. Sold out 0.00% −0.22
EFX Equifax Inc. Sold out 0.00% −0.22
EQT Eqt Corp. Sold out 0.00% −0.22
ROL Rollins Inc. Sold out 0.00% −0.22
BSY Bentley Systems Inc. Class B Sold out 0.00% −0.22
GEV GE Vernova Inc. Reduce -67.8% 0.12% −0.22
VRSN Verisign Inc. Sold out 0.00% −0.22
DHI D.R. Horton Inc. Sold out 0.00% −0.22
ETR Entergy Corp. Sold out 0.00% −0.21
GGG Graco Inc. Sold out 0.00% −0.21
DG Dollar General Corp. Sold out 0.00% −0.21
UHS Universal Health Services-B Sold out 0.00% −0.21
ED Consolidated Edison Inc. Sold out 0.00% −0.21

Portfolio Buys Q2 2025 → Q3 2025
CVX Chevron Corp. Add +45.7% 1.30% +0.43
NOW ServiceNow Inc. New 0.38% +0.38
NEE Nextera Energy Inc. New 0.36% +0.36
PFE Pfizer Inc. New 0.35% +0.35
JNJ Johnson & Johnson Add +14.2% 1.40% +0.34
BA The Boeing Co. Add +31.3% 1.46% +0.32
CB Chubb Ltd. New 0.30% +0.30
NOC Northrop Grumman Corp. New 0.30% +0.30
LMT Lockheed Martin Corp. New 0.30% +0.30
GD General Dynamics Corp. New 0.28% +0.28
GM General Motors Co. New 0.27% +0.27
NFLX Netflix Inc. Add +84.4% 0.71% +0.26
VLO Valero Energy Corp. New 0.26% +0.26
D Dominion Energy Inc. New 0.25% +0.25
FDX FedEx Corp. New 0.25% +0.25
APO Apollo Global Management Inc. New 0.25% +0.25
VEEV Veeva Systems Inc. Class A New 0.25% +0.25
TFC Truist Financial Corp. New 0.25% +0.25
NET Cloudflare Inc. Class A New 0.25% +0.25
EME Emcor Group Inc. New 0.25% +0.25
PSX Phillips 66 New 0.24% +0.24
WDAY Workday Inc. Class A New 0.24% +0.24
ZS Zscaler Inc. New 0.24% +0.24
CNQ Canadian Natural Resources New 0.24% +0.24
ABT Abbott Laboratories New 0.24% +0.24
LNG Cheniere Energy Inc. New 0.24% +0.24
PG The Procter & Gamble Co. Add +32.6% 1.35% +0.24
LIN Linde PLC New 0.24% +0.24
FSLR First Solar Inc. New 0.24% +0.24
RTX RTX Corp. New 0.23% +0.23
RDDT Reddit Inc. Class A New 0.23% +0.23
ACM Aecom New 0.23% +0.23
TEAM Atlassian Corp. Class A New 0.22% +0.22
LDOS Leidos Holdings Inc. New 0.22% +0.22
BBY Best Buy Co. Inc. New 0.22% +0.22
WTRG Essential Utilities Inc. New 0.22% +0.22
EXPD Expeditors Intl Wash Inc. New 0.21% +0.21
P Everpure Inc. Class A New 0.21% +0.21
STZ Constellation Brands Inc. Class A New 0.21% +0.21
DXCM Dexcom Inc. New 0.21% +0.21
AMCR Amcor PLC New 0.21% +0.21
CVE Cenovus Energy Inc. New 0.21% +0.21
HBAN Huntington Bancshares Inc. New 0.21% +0.21
RVTY Revvity Inc. New 0.21% +0.21
CLX Clorox Company New 0.21% +0.21
OTEX Open Text Corp. New 0.20% +0.20
EL Estee Lauder Companies Class A New 0.20% +0.20
IOT Samsara Inc. Class A New 0.20% +0.20
EG Everest Group Ltd. New 0.20% +0.20
TTD Trade Desk Inc./the Class A New 0.20% +0.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 158$177.0MCAT, AAPL, NVDA, GOOGL, GS
Q1 2026 150$154.7MNVDA, AAPL, MSFT, GS, CAT
Q4 2025 156$179.4MMSFT, NVDA, AAPL, GS, GOOGL
Q3 2025 153$180.3MMSFT, NVDA, AAPL, GS, AMZN
Q2 2025 155$171.2MMSFT, NVDA, AAPL, GS, AMZN
Q1 2025 156$154.5MAAPL, MSFT, NVDA, UNH, GS
Q4 2024 163$164.0MAAPL, MSFT, NVDA, AMZN, UNH
Q3 2024 155$165.2MMSFT, AAPL, NVDA, UNH, AMZN
Q2 2024 144$145.4MMSFT, AAPL, NVDA, AMZN, UNH
Q1 2024 166$166.8MMSFT, AAPL, UNH, AMZN, HD