Asset Management One Co., Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Asset Management One Co., Ltd. reported 944 stock positions worth $31.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.3% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Microsoft (MSFT, 5.1%). Compared with Q1 2025, it opened 33 new positions, sold out of 56, added to 468 and reduced 402. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Unitedhealth (UNH, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001068855
- Portfolio Value
- $31.9B (Q2 2025)
- SEC Filing
- 0000950123-25-006830 ↗ filed Jul 31, 2025
Holdings Value
Holdings 944 stocks · $31.9B
| IVV iShares Core S&P 500 ETF | 6.28% | 3,223,672 | $2.0B | Add +0.4% |
| NVDA Nvidia Corp. | 5.35% | 10,794,932 | $1.7B | Add +1.7% |
| MSFT Microsoft Corp. | 5.15% | 3,301,779 | $1.6B | Add +1.9% |
| AAPL Apple Inc. | 4.22% | 6,561,834 | $1.3B | Add +0.7% |
| AMZN Amazon.com Inc. | 3.01% | 4,372,376 | $959.3M | Add +2.6% |
| META Meta Platforms Inc. Class A | 2.37% | 1,023,214 | $755.2M | Add +1.4% |
| AVGO Broadcom Inc. | 1.81% | 2,099,793 | $578.8M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 1.48% | 2,670,666 | $470.7M | Add +1.6% |
| VGK Vanguard Ftse Europe ETF | 1.44% | 5,945,455 | $460.8M | Reduce -1.6% |
| TSLA Tesla Inc. | 1.30% | 1,309,495 | $416.0M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.24% | 1,366,402 | $396.1M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 1.24% | 2,225,646 | $394.8M | Add +0.7% |
| IEMG iShares Core MSCI Emerging | 1.23% | 6,531,767 | $392.1M | Reduce -1.2% |
| V Visa Inc. Class A | 0.98% | 881,466 | $313.0M | Add +2.1% |
| NFLX Netflix Inc. | 0.92% | 219,595 | $294.1M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.90% | 366,233 | $285.5M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 575,988 | $279.8M | Add +1.7% |
| GLDM SPDR Gold Minishares Trust | 0.83% | 4,055,562 | $265.7M | Add +1.3% |
| MA Mastercard Inc. Class A | 0.71% | 405,362 | $227.8M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 0.69% | 221,370 | $219.1M | Reduce -0.5% |
| WMT Walmart Inc. | 0.67% | 2,173,062 | $212.5M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.63% | 1,860,369 | $200.5M | Add +2.4% |
| HD Home Depot Inc. | 0.60% | 522,325 | $191.5M | Add +0.8% |
| PLD Prologis Inc. | 0.60% | 1,810,988 | $190.4M | Reduce -2.0% |
| PG The Procter & Gamble Co. | 0.58% | 1,169,484 | $186.3M | Reduce -0.5% |
| WELL Welltower Inc. | 0.58% | 1,203,786 | $185.1M | Add +1.0% |
| JNJ Johnson & Johnson | 0.58% | 1,208,507 | $184.6M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 0.52% | 234,252 | $165.8M | Reduce -2.1% |
| PM Philip Morris International | 0.51% | 889,566 | $162.0M | Reduce -2.8% |
| ABBV Abbvie Inc. | 0.50% | 855,537 | $158.8M | Reduce -0.7% |
| EQIX Equinix Inc. | 0.49% | 198,001 | $157.5M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.49% | 717,586 | $156.9M | Add +1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.49% | 528,240 | $155.7M | Add +0.6% |
| UNH Unitedhealth Group Inc. | 0.49% | 496,596 | $154.9M | Reduce -3.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 3,273,602 | $154.9M | Add +7.8% |
| CSCO Cisco Systems Inc. | 0.46% | 2,137,085 | $148.3M | Add +7.1% |
| KO The Coca-Cola Co. | 0.46% | 2,058,824 | $145.7M | Add +3.9% |
| CRM Salesforce Inc. | 0.45% | 524,679 | $143.1M | Add +1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 928,091 | $126.5M | Add +4.8% |
| MCD McDonald's Corp. | 0.38% | 418,239 | $122.2M | Add +0.9% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 471,023 | $121.2M | Add +0.6% |
| CVX Chevron Corp. | 0.37% | 820,083 | $117.4M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.36% | 838,868 | $114.1M | Add +2.5% |
| USIG iShares Broad Usd Investment | 0.36% | 2,214,030 | $113.9M | Reduce -2.6% |
| CAT Caterpillar Inc. | 0.36% | 292,154 | $113.4M | Reduce -8.4% |
| DLR Digital Realty Trust Inc. | 0.35% | 636,677 | $111.0M | Reduce -1.1% |
| NOW ServiceNow Inc. | 0.34% | 106,625 | $109.6M | Add +2.3% |
| WFC Wells Fargo & Co. | 0.34% | 1,368,030 | $109.6M | Reduce -2.1% |
| AXP American Express Co. | 0.34% | 342,255 | $109.2M | Add +1.3% |
| T AT&T Inc. | 0.34% | 3,698,344 | $107.0M | Add +3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 857,932 | $106.4M | Add +1.7% |
| ISRG Intuitive Surgical Inc. | 0.33% | 193,600 | $105.2M | Add +0.8% |
| O Realty Income Corp. | 0.33% | 1,806,659 | $104.1M | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.32% | 17,684 | $102.4M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.32% | 1,285,487 | $101.8M | Reduce -0.6% |
| INTU Intuit Inc. | 0.31% | 126,304 | $99.5M | Add +4.9% |
| AMD Advanced Micro Devices | 0.31% | 700,160 | $99.4M | Add +1.2% |
| LIN Linde PLC | 0.31% | 208,670 | $97.9M | Reduce -0.1% |
| SPG Simon Property Group Inc. | 0.30% | 594,054 | $95.5M | Reduce -1.3% |
| AMGN Amgen Inc. | 0.30% | 340,761 | $95.1M | Add +1.9% |
| HON Honeywell International Inc. | 0.28% | 388,724 | $90.5M | Add +7.6% |
| MBB iShares MBS ETF | 0.28% | 962,798 | $90.4M | Reduce -3.6% |
| VZ Verizon Communications Inc. | 0.28% | 2,086,918 | $90.3M | Add +1.9% |
| PSA Public Storage | 0.28% | 306,403 | $89.9M | Reduce -1.4% |
| MELI MercadoLibre Inc. | 0.28% | 34,003 | $88.9M | Add +4.7% |
| BA The Boeing Co. | 0.28% | 423,900 | $88.8M | Add +2.2% |
| EWC iShares MSCI Canada ETF | 0.28% | 1,914,681 | $88.5M | Add +1.1% |
| EMLC Vaneck JPM Em Local Curr BND | 0.28% | 3,475,495 | $88.1M | Add +1.8% |
| SPGI S&P Global Inc. | 0.27% | 164,401 | $86.7M | Add +0.6% |
| UBER Uber Technologies Inc. | 0.27% | 916,930 | $85.5M | Add +10.9% |
| PEP Pepsico Inc. | 0.26% | 636,970 | $84.1M | Add +1.0% |
| PANW Palo Alto Networks Inc. | 0.26% | 409,749 | $83.9M | Reduce -1.8% |
| RTX RTX Corp. | 0.26% | 568,225 | $83.0M | Reduce -2.2% |
| TXN Texas Instruments Inc. | 0.26% | 399,005 | $82.8M | Add +1.0% |
| BSX Boston Scientific Corp. | 0.26% | 768,034 | $82.5M | Add +4.5% |
| ACN Accenture PLC Class A | 0.26% | 274,901 | $82.2M | Add +2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 198,172 | $80.4M | Reduce -0.4% |
| C Citigroup Inc. | 0.25% | 934,602 | $79.6M | Add +4.2% |
| GILD Gilead Sciences Inc. | 0.25% | 713,477 | $79.1M | Add +1.3% |
| MS Morgan Stanley | 0.25% | 559,867 | $78.9M | Reduce -5.6% |
| QCOM Qualcomm Inc. | 0.24% | 482,377 | $76.8M | Add +2.4% |
| SHW The Sherwin-Williams Co. | 0.24% | 221,017 | $75.9M | Add +3.1% |
| NEE Nextera Energy Inc. | 0.23% | 1,062,984 | $73.8M | Add +3.3% |
| EPP iShares MSCI Pacific Ex Japa | 0.23% | 1,494,651 | $73.8M | Add +0.8% |
| ADBE Adobe Inc. | 0.23% | 186,831 | $72.3M | Reduce -14.9% |
| SPOT Spotify Technology SA | 0.22% | 92,636 | $71.1M | Reduce -0.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 135,737 | $69.1M | Reduce -0.7% |
| PGR Progressive Corp. | 0.22% | 257,466 | $68.7M | Reduce -2.2% |
| BLK BlackRock Inc. | 0.21% | 65,332 | $68.5M | Reduce -1.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.21% | 2,100,070 | $68.5M | Add +0.1% |
| GEV GE Vernova Inc. | 0.21% | 127,055 | $67.2M | Add +8.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 542,977 | $67.1M | Reduce -0.5% |
| SCHW Schwab (charles) Corp. | 0.21% | 729,490 | $66.6M | Add +0.1% |
| AMAT Applied Materials Inc. | 0.20% | 355,531 | $65.1M | Add +3.8% |
| ETN Eaton Corp. PLC | 0.20% | 180,425 | $64.4M | Add +1.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 141,561 | $63.0M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.19% | 2,529,246 | $61.3M | Reduce -1.1% |
| CME Cme Group Inc. | 0.19% | 218,570 | $60.2M | Add +2.6% |
| DHR Danaher Corp. | 0.19% | 301,904 | $59.6M | Add +1.9% |
| CMCSA Comcast Corp. Class A | 0.19% | 1,667,252 | $59.5M | Add +4.3% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -3.9% | 0.49% | −0.45 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.50% | −0.13 |
| PLD Prologis Inc. | Reduce -2.0% | 0.60% | −0.12 |
| JNJ Johnson & Johnson | Reduce -0.1% | 0.58% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.58% | −0.11 |
| CVX Chevron Corp. | Reduce -0.1% | 0.37% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.4% | 0.25% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.32% | −0.08 |
| EQIX Equinix Inc. | Reduce -0.1% | 0.49% | −0.06 |
| ADBE Adobe Inc. | Reduce -14.9% | 0.23% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.71% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -7.0% | 0.18% | −0.06 |
| COP Conocophillips | Reduce -2.4% | 0.15% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -14.2% | 0.14% | −0.05 |
| SPG Simon Property Group Inc. | Reduce -1.3% | 0.30% | −0.05 |
| USIG iShares Broad Usd Investment | Reduce -2.6% | 0.36% | −0.04 |
| PGR Progressive Corp. | Reduce -2.2% | 0.22% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 0.69% | −0.04 |
| MBB iShares MBS ETF | Reduce -3.6% | 0.28% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.2% | 0.20% | −0.04 |
| HUBS HubSpot Inc. | Reduce -26.4% | 0.07% | −0.04 |
| PSA Public Storage | Reduce -1.4% | 0.28% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -2.8% | 0.07% | −0.04 |
| CSGP Costar Group Inc. | Reduce -40.3% | 0.05% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -2.4% | 0.10% | −0.04 |
| MANH Manhattan Associates Inc. | Reduce -88.8% | 0.00% | −0.04 |
| IT Gartner Inc. | Reduce -28.7% | 0.06% | −0.04 |
| PFE Pfizer Inc. | Reduce -1.1% | 0.19% | −0.03 |
| SLB SLB Ltd. | Reduce -9.3% | 0.06% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -0.4% | 0.18% | −0.03 |
| MAA Mid-America Apartment Comm | Reduce -1.7% | 0.11% | −0.03 |
| LIN Linde PLC | Reduce -0.1% | 0.31% | −0.03 |
| PDD PDD Holdings Inc. | Reduce -28.2% | 0.04% | −0.03 |
| ELV Elevance Health Inc. | Reduce -0.5% | 0.12% | −0.03 |
| XLK SS Technology Select Sector | Reduce -55.5% | 0.03% | −0.03 |
| VMRK Vivmark Residential | Reduce -1.6% | 0.15% | −0.03 |
| ARE Alexandria Real Estate Equit | Reduce -0.4% | 0.07% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -96.2% | 0.00% | −0.03 |
| CB Chubb Ltd. | Reduce -0.4% | 0.17% | −0.03 |
| CWST Casella Waste Systems Inc. Class A | Reduce -36.1% | 0.04% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.16% | −0.03 |
| OKE Oneok Inc. | Reduce -1.4% | 0.07% | −0.03 |
| EOG EOG Resources Inc. | Reduce -9.1% | 0.08% | −0.03 |
| ESS Essex Property Trust Inc. | Reduce -1.1% | 0.12% | −0.02 |
| MO Altria Group Inc. | Reduce -2.0% | 0.15% | −0.02 |
| TW Tradeweb Markets Inc. Class A | Reduce -26.4% | 0.04% | −0.02 |
| EXR Extra Space Storage Inc. | Reduce -0.7% | 0.19% | −0.02 |
| REXR Rexford Industrial Realty Inc. | Reduce -22.8% | 0.04% | −0.02 |
| VGK Vanguard Ftse Europe ETF | Reduce -1.6% | 1.44% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.7% | 5.35% | +1.37 |
| MSFT Microsoft Corp. | Add +1.9% | 5.15% | +0.94 |
| AVGO Broadcom Inc. | Add +2.1% | 1.81% | +0.62 |
| META Meta Platforms Inc. Class A | Add +1.4% | 2.37% | +0.36 |
| NFLX Netflix Inc. | Add +0.8% | 0.92% | +0.22 |
| AMZN Amazon.com Inc. | Add +2.6% | 3.01% | +0.20 |
| ORCL Oracle Corp. | Add +1.9% | 0.49% | +0.15 |
| TSLA Tesla Inc. | Add +1.6% | 1.30% | +0.15 |
| PLTR Palantir Technologies Inc. Class A | Add +4.8% | 0.40% | +0.14 |
| GEV GE Vernova Inc. | Add +8.5% | 0.21% | +0.09 |
| COF Capital One Financial Corp. | Add +63.1% | 0.19% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 1.48% | +0.07 |
| AMD Advanced Micro Devices | Add +1.2% | 0.31% | +0.07 |
| UBER Uber Technologies Inc. | Add +10.9% | 0.27% | +0.06 |
| MELI MercadoLibre Inc. | Add +4.7% | 0.28% | +0.06 |
| IVW iShares S&P 500 Growth ETF | New | 0.06% | +0.06 |
| RCL Royal Caribbean Cruises Ltd. | Add +7.4% | 0.18% | +0.06 |
| NOW ServiceNow Inc. | Add +2.3% | 0.34% | +0.06 |
| INTU Intuit Inc. | Add +4.9% | 0.31% | +0.06 |
| GE General Electric | Add +0.6% | 0.38% | +0.06 |
| NET Cloudflare Inc. Class A | Add +1.9% | 0.14% | +0.05 |
| HOOD Robinhood Markets Inc. Class A | Add +21.1% | 0.08% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +14.7% | 0.09% | +0.05 |
| BAC Bank of America Corp. | Add +7.8% | 0.49% | +0.05 |
| SE Sea Ltd.-ADR | Add +26.1% | 0.17% | +0.05 |
| DIS The Walt Disney Co. | Add +1.7% | 0.33% | +0.05 |
| MU Micron Technology Inc. | Add +3.0% | 0.18% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 1.24% | +0.04 |
| CEG Constellation Energy | Add +1.7% | 0.13% | +0.04 |
| RBLX Roblox Corp. Class A | Add +30.7% | 0.08% | +0.04 |
| MSTR Strategy Inc. | Add +13.6% | 0.13% | +0.04 |
| CSCO Cisco Systems Inc. | Add +7.1% | 0.46% | +0.04 |
| KLAC KLA Corp. | Add +5.9% | 0.18% | +0.04 |
| IBM Intl Business Machines Corp. | Add +0.6% | 0.49% | +0.04 |
| ETN Eaton Corp. PLC | Add +1.1% | 0.20% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +0.4% | 6.28% | +0.03 |
| BA The Boeing Co. | Add +2.2% | 0.28% | +0.03 |
| PWR Quanta Services Inc. | Add +7.4% | 0.11% | +0.03 |
| LRCX Lam Research Corp. | Add +1.9% | 0.17% | +0.03 |
| AMAT Applied Materials Inc. | Add +3.8% | 0.20% | +0.03 |
| ANET Arista Networks Inc. | Add +3.8% | 0.16% | +0.03 |
| SNOW Snowflake Inc. | Add +8.7% | 0.09% | +0.03 |
| VST Vistra Corp. | Add +3.7% | 0.09% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +8.0% | 0.12% | +0.03 |
| C Citigroup Inc. | Add +4.2% | 0.25% | +0.03 |
| AXP American Express Co. | Add +1.3% | 0.34% | +0.03 |
| GOVT iShares US Treasury Bond ETF | New | 0.03% | +0.03 |
| GRAB Grab Holdings Ltd. Class A | Add +190.7% | 0.04% | +0.03 |
| APP AppLovin Corp. Class A | Add +12.2% | 0.10% | +0.03 |
| AXON Axon Enterprise Inc. | Add +1.6% | 0.08% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 957 | $39.0B | IVV, NVDA, AAPL, MSFT, AMZN |
| Q1 2026 | 911 | $33.9B | IVV, NVDA, AAPL, MSFT, AMZN |
| Q4 2025 | 939 | $36.0B | IVV, NVDA, AAPL, MSFT, AMZN |
| Q3 2025 | 946 | $34.5B | IVV, NVDA, MSFT, AAPL, AMZN |
| Q2 2025 | 944 | $31.9B | IVV, NVDA, MSFT, AAPL, AMZN |
| Q1 2025 | 966 | $28.9B | IVV, AAPL, MSFT, NVDA, AMZN |
| Q4 2024 | 952 | $29.1B | IVV, AAPL, NVDA, MSFT, AMZN |
| Q3 2024 | 965 | $28.1B | IVV, AAPL, MSFT, NVDA, AMZN |
| Q2 2024 | 962 | $26.1B | IVV, MSFT, NVDA, AAPL, AMZN |
| Q1 2024 | 973 | $25.9B | IVV, MSFT, AAPL, NVDA, AMZN |