Japan Science & Technology Agency

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Japan Science & Technology Agency reported 12 stock positions worth $5.4 billion. Its top holding was Ishr Ibx Usd Invgd CB ETF-Ui (LQD) at 20.9% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 15.4%) and iShares Core S&P 500 ETF (IVV, 14.7%). Compared with Q3 2025, it sold out of 1, added to 3 and reduced 1. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +179%) and the biggest sale Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares −22%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0001948391
Portfolio Value
$5.4B (Q4 2025)
SEC Filing
0001948391-26-000002 ↗ filed Feb 6, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $8.1B Q1 2024 Q2 2024: $7.2B Q2 2024 Q3 2024: $7.6B Q3 2024 Q4 2024: $5.8B Q4 2024 Q1 2025: $6.5B Q1 2025 Q2 2025: $6.3B Q2 2025 Q3 2025: $5.6B Q3 2025 Q4 2025: $5.4B $5.4B Q4 2025 Q1 2026: $4.8B Q1 2026 Q2 2026: $5.3B Q2 2026

Holdings 12 stocks · $5.4B
LQD Ishr Ibx Usd Invgd CB ETF-Ui 20.87% 10,306,450 $1.1B Reduce -22.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 15.39% 10,390,626 $837.8M No change
IVV iShares Core S&P 500 ETF 14.73% 1,170,800 $801.9M No change
RSP Invesco S&P 500 Equal Weight 13.35% 3,792,112 $726.4M No change
USHY iShares Broad Usd High Yield 9.84% 14,319,906 $535.5M Add +11.7%
JNK SS SPDR BB High Yield Bond 5.18% 2,900,000 $281.9M No change
QQQ Invesco QQQ Trust Series 1 4.55% 403,081 $247.6M Add +35.0%
EMB iShares JP Morgan Usd Emergi 4.42% 2,500,000 $240.7M No change
IEMG iShares Core MSCI Emerging 3.77% 3,050,554 $205.1M Add +178.7%
SHYG iShares 0-5 YR HY Corp. Bond 3.50% 4,450,000 $190.8M No change
VUG Vanguard Mrngstar GR ETF-Sui 3.15% 350,953 $171.2M No change
VTV Vanguard Mrngstr Val ETF-Aui 1.25% 357,328 $68.2M No change

Portfolio Sells Q3 2025 → Q4 2025
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -22.0% 20.87% −5.34
USIG iShares Broad Usd Investment Sold out 0.00% −2.00

Portfolio Buys Q3 2025 → Q4 2025
IEMG iShares Core MSCI Emerging Add +178.7% 3.77% +2.48
QQQ Invesco QQQ Trust Series 1 Add +35.0% 4.55% +1.36
USHY iShares Broad Usd High Yield Add +11.7% 9.84% +1.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$5.3BHYG, LQD, IVV, RSP, USHY
Q1 2026 12$4.8BLQD, HYG, IVV, RSP, USHY
Q4 2025 12$5.4BLQD, HYG, IVV, RSP, USHY
Q3 2025 13$5.6BLQD, HYG, IVV, RSP, USHY
Q2 2025 13$6.3BLQD, HYG, IVV, RSP, VCIT
Q1 2025 13$6.5BLQD, HYG, IVV, RSP, VCIT
Q4 2024 11$5.8BLQD, HYG, VCIT, VCSH, IGSB
Q3 2024 13$7.6BLQD, VCSH, VCIT, HYG, IGSB
Q2 2024 12$7.2BLQD, VCSH, VCIT, HYG, IGSB
Q1 2024 12$8.1BVCSH, LQD, VCIT, HYG, IGSB