Mitsubishi UFJ Trust & Banking Corp
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Mitsubishi UFJ Trust & Banking Corp reported 1,102 stock positions worth $45.5 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Apple (AAPL, 4.6%). Compared with Q2 2025, it opened 102 new positions, sold out of 46, added to 395 and reduced 570. The biggest buy was PDD (PDD, shares +35%) and the biggest sale an exit from Canadian Pacific Kansas City (CP).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001462160
- Portfolio Value
- $45.5B (Q3 2025)
- SEC Filing
- 0001193125-25-259342 ↗ filed Oct 31, 2025
Holdings Value
Holdings 1,102 stocks · $45.5B
| NVDA Nvidia Corp. | 5.73% | 13,976,269 | $2.6B | Reduce -3.7% |
| MSFT Microsoft Corp. | 4.69% | 4,123,892 | $2.1B | Reduce -2.3% |
| AAPL Apple Inc. | 4.57% | 8,169,220 | $2.1B | Reduce -2.7% |
| AMZN Amazon.com Inc. | 2.84% | 5,885,514 | $1.3B | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 2.23% | 1,382,718 | $1.0B | Reduce -3.8% |
| GOOGL Alphabet Inc. Class A | 1.92% | 3,598,905 | $874.9M | Reduce -4.6% |
| AVGO Broadcom Inc. | 1.59% | 2,192,249 | $723.2M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 1.56% | 2,919,179 | $711.0M | Reduce -4.6% |
| TSLA Tesla Inc. | 1.29% | 1,322,667 | $588.2M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 0.92% | 1,332,961 | $420.5M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.89% | 338,778 | $406.2M | Reduce -2.5% |
| SE Sea Ltd.-ADR | 0.86% | 2,197,452 | $392.8M | Add +8.2% |
| MA Mastercard Inc. Class A | 0.83% | 666,119 | $378.9M | Reduce -0.4% |
| V Visa Inc. Class A | 0.82% | 1,099,380 | $375.3M | Reduce -4.0% |
| PDD PDD Holdings Inc. | 0.73% | 2,523,266 | $333.5M | Add +34.7% |
| LLY Eli Lilly & Co. | 0.72% | 427,613 | $326.3M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 635,456 | $319.5M | Reduce -2.9% |
| HTHT H World Group Ltd.-ADR | 0.69% | 8,026,731 | $313.9M | Add +43.2% |
| DUK Duke Energy Corp. | 0.69% | 2,520,997 | $312.0M | Reduce -7.5% |
| JNJ Johnson & Johnson | 0.68% | 1,664,266 | $308.6M | Add +4.0% |
| IVV iShares Core S&P 500 ETF | 0.66% | 450,542 | $301.5M | Add +5.5% |
| XOM Exxon Mobil Corp. | 0.65% | 2,627,958 | $296.3M | Add +2.0% |
| ABBV Abbvie Inc. | 0.57% | 1,124,410 | $260.3M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.55% | 3,335,267 | $251.8M | Add +28.5% |
| AEP American Electric Power | 0.55% | 2,234,128 | $251.3M | Reduce -16.4% |
| SRE Sempra | 0.54% | 2,714,876 | $244.3M | Reduce -1.3% |
| WMT Walmart Inc. | 0.53% | 2,340,792 | $241.2M | Reduce -2.5% |
| CSCO Cisco Systems Inc. | 0.52% | 3,426,258 | $234.4M | Add +0.4% |
| ORCL Oracle Corp. | 0.51% | 831,375 | $233.8M | Reduce -2.6% |
| APP AppLovin Corp. Class A | 0.49% | 310,604 | $223.2M | Reduce -6.3% |
| NSC Norfolk Southern Corp. | 0.48% | 732,975 | $220.2M | Reduce -23.0% |
| MELI MercadoLibre Inc. | 0.48% | 92,968 | $217.3M | Add +2.3% |
| CSX CSX Corp. | 0.47% | 6,086,889 | $216.1M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.47% | 1,397,883 | $214.8M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 0.46% | 228,331 | $211.4M | Reduce -6.0% |
| MRK Merck & Co. Inc. | 0.45% | 2,450,638 | $205.7M | Add +6.2% |
| LNG Cheniere Energy Inc. | 0.44% | 857,074 | $201.4M | Reduce -10.0% |
| XEL Xcel Energy Inc. | 0.44% | 2,476,607 | $199.7M | Reduce -29.6% |
| GLD SPDR Gold Shares | 0.43% | 552,100 | $196.3M | Add +12.7% |
| ANET Arista Networks Inc. | 0.43% | 1,346,392 | $196.2M | Reduce -9.6% |
| CRM Salesforce Inc. | 0.42% | 798,100 | $189.1M | Add +2.8% |
| HD Home Depot Inc. | 0.41% | 466,162 | $188.9M | Reduce -6.7% |
| PLTR Palantir Technologies Inc. Class A | 0.41% | 1,025,189 | $187.0M | Add +1.3% |
| C Citigroup Inc. | 0.40% | 1,803,270 | $183.0M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 0.40% | 1,094,195 | $182.0M | Add +1.5% |
| UNP Union Pacific Corp. | 0.40% | 765,933 | $181.0M | Add +156.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 633,703 | $178.8M | Reduce -4.5% |
| T AT&T Inc. | 0.39% | 6,256,348 | $176.7M | Reduce -5.8% |
| UNH Unitedhealth Group Inc. | 0.38% | 506,259 | $174.8M | Reduce -6.2% |
| VZ Verizon Communications Inc. | 0.38% | 3,973,874 | $174.7M | Add +3.3% |
| ADBE Adobe Inc. | 0.38% | 488,247 | $172.2M | Add +60.1% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 540,135 | $162.5M | Reduce -4.1% |
| OKE Oneok Inc. | 0.36% | 2,220,839 | $162.1M | Reduce -20.5% |
| SBAC SBA Communications Corp. | 0.36% | 836,956 | $161.8M | Add +46.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 3,072,788 | $158.5M | Reduce -8.1% |
| D Dominion Energy Inc. | 0.35% | 2,571,972 | $157.3M | Reduce -16.5% |
| GILD Gilead Sciences Inc. | 0.33% | 1,340,048 | $148.7M | Add +1.6% |
| CVX Chevron Corp. | 0.33% | 956,396 | $148.5M | Add +22.1% |
| ES Eversource Energy | 0.33% | 2,084,468 | $148.3M | Reduce -9.1% |
| PEP Pepsico Inc. | 0.32% | 1,042,013 | $146.3M | Add +14.5% |
| KO The Coca-Cola Co. | 0.32% | 2,188,550 | $145.1M | Reduce -2.7% |
| EVRG Evergy Inc. | 0.32% | 1,897,406 | $144.2M | Reduce -23.2% |
| ABT Abbott Laboratories | 0.31% | 1,063,527 | $142.4M | Add +1.4% |
| AGG iShares Core U.S. Aggregate | 0.31% | 1,413,455 | $141.7M | No change |
| PM Philip Morris International | 0.30% | 854,584 | $138.6M | Add +4.4% |
| YMM Full Truck Alliance -SPN ADR | 0.30% | 10,647,830 | $138.1M | Add +76.4% |
| BKNG Booking Holdings Inc. | 0.30% | 25,485 | $137.6M | Reduce -2.4% |
| PEG Public Service Enterprise GP | 0.30% | 1,636,403 | $136.6M | Reduce -8.1% |
| NET Cloudflare Inc. Class A | 0.30% | 635,025 | $136.3M | Reduce -6.5% |
| AMAT Applied Materials Inc. | 0.29% | 653,083 | $133.7M | Reduce -10.8% |
| TXN Texas Instruments Inc. | 0.29% | 713,692 | $131.1M | Add +3.6% |
| LIN Linde PLC | 0.29% | 273,409 | $129.9M | Reduce -2.6% |
| INTU Intuit Inc. | 0.28% | 188,374 | $128.6M | Add +4.7% |
| SPOT Spotify Technology SA | 0.28% | 179,320 | $125.2M | Add +1.2% |
| PCG P G & E Corp. | 0.27% | 8,227,934 | $124.1M | Add +13.4% |
| LRCX Lam Research Corp. | 0.27% | 918,220 | $122.9M | Add +2.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 839,837 | $121.4M | Reduce -1.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.26% | 7,521,103 | $120.4M | Add +28.1% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 2,668,624 | $120.4M | Add +12.1% |
| UBER Uber Technologies Inc. | 0.26% | 1,221,223 | $119.6M | Reduce -4.8% |
| MCD McDonald's Corp. | 0.26% | 388,007 | $117.9M | Reduce -3.4% |
| CMCSA Comcast Corp. Class A | 0.26% | 3,736,234 | $117.4M | Add +7.7% |
| WFC Wells Fargo & Co. | 0.26% | 1,395,045 | $116.9M | Reduce -3.1% |
| NOW ServiceNow Inc. | 0.25% | 125,414 | $115.4M | Add +1.5% |
| AMD Advanced Micro Devices | 0.25% | 712,464 | $115.3M | Add +0.3% |
| ACN Accenture PLC Class A | 0.25% | 467,376 | $115.3M | Add +13.8% |
| EQIX Equinix Inc. | 0.25% | 146,228 | $114.5M | Add +60.2% |
| GS Goldman Sachs Group Inc. | 0.24% | 139,416 | $111.0M | Reduce -1.3% |
| PGR Progressive Corp. | 0.24% | 449,450 | $111.0M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 964,293 | $110.4M | Reduce -6.7% |
| ISRG Intuitive Surgical Inc. | 0.24% | 246,632 | $110.3M | Add +1.2% |
| CAT Caterpillar Inc. | 0.23% | 223,984 | $106.9M | Reduce -41.5% |
| TMO Thermo Fisher Scientific Inc. | 0.23% | 219,206 | $106.3M | Reduce -4.7% |
| FTNT Fortinet Inc. | 0.23% | 1,251,962 | $105.3M | Add +8.1% |
| TEL Te Connectivity PLC | 0.23% | 472,665 | $103.8M | Add +0.6% |
| SPGI S&P Global Inc. | 0.22% | 207,079 | $100.8M | Reduce -6.7% |
| MSI Motorola Solutions Inc. | 0.22% | 216,973 | $99.2M | Add +8.2% |
| KLAC KLA Corp. | 0.22% | 91,971 | $99.2M | Add +5.5% |
| RTX RTX Corp. | 0.21% | 584,799 | $97.9M | Reduce -4.3% |
| AZO AutoZone Inc. | 0.21% | 22,733 | $97.5M | Reduce -12.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $21.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 200,000 | $21.5M | New |
Total filed on the 13F, all lines: $45.5B.
Portfolio Sells Q2 2025 → Q3 2025
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.36 |
| META Meta Platforms Inc. Class A | Reduce -3.8% | 2.23% | −0.23 |
| CCI Crown Castle Inc. | Reduce -81.5% | 0.04% | −0.23 |
| NFLX Netflix Inc. | Reduce -2.5% | 0.89% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 2.84% | −0.17 |
| OKE Oneok Inc. | Reduce -20.5% | 0.36% | −0.17 |
| MSFT Microsoft Corp. | Reduce -2.3% | 4.69% | −0.17 |
| V Visa Inc. Class A | Reduce -4.0% | 0.82% | −0.12 |
| XEL Xcel Energy Inc. | Reduce -29.6% | 0.44% | −0.12 |
| CAT Caterpillar Inc. | Reduce -41.5% | 0.23% | −0.11 |
| CTAS Cintas Corp. | Reduce -38.6% | 0.11% | −0.10 |
| LNG Cheniere Energy Inc. | Reduce -10.0% | 0.44% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -6.0% | 0.46% | −0.09 |
| AEP American Electric Power | Reduce -16.4% | 0.55% | −0.09 |
| ELV Elevance Health Inc. | Reduce -9.7% | 0.20% | −0.08 |
| TTD Trade Desk Inc./the Class A | Reduce -22.5% | 0.08% | −0.08 |
| NSC Norfolk Southern Corp. | Reduce -23.0% | 0.48% | −0.08 |
| AMT American Tower Corp. | Reduce -28.9% | 0.11% | −0.08 |
| EVRG Evergy Inc. | Reduce -23.2% | 0.32% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -2.7% | 0.72% | −0.08 |
| CNC Centene Corp. | Reduce -53.3% | 0.03% | −0.07 |
| TRGP Targa Resources Corp. | Reduce -15.1% | 0.21% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -4.5% | 0.39% | −0.06 |
| DUK Duke Energy Corp. | Reduce -7.5% | 0.69% | −0.06 |
| MBB iShares MBS ETF | Reduce -54.0% | 0.05% | −0.06 |
| JD Jd.com Inc.-ADR | Reduce -70.5% | 0.03% | −0.06 |
| D Dominion Energy Inc. | Reduce -16.5% | 0.35% | −0.06 |
| T AT&T Inc. | Reduce -5.8% | 0.39% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 0.47% | −0.06 |
| DIS The Walt Disney Co. | Reduce -6.7% | 0.24% | −0.05 |
| MCO Moody's Corp. | Reduce -15.1% | 0.18% | −0.05 |
| AXP American Express Co. | Reduce -22.1% | 0.17% | −0.05 |
| KO The Coca-Cola Co. | Reduce -2.7% | 0.32% | −0.05 |
| SPGI S&P Global Inc. | Reduce -6.7% | 0.22% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -2.4% | 0.30% | −0.05 |
| DXCM Dexcom Inc. | Reduce -17.2% | 0.07% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -8.1% | 0.30% | −0.05 |
| IT Gartner Inc. | Reduce -12.9% | 0.05% | −0.05 |
| DHI D.R. Horton Inc. | Reduce -56.6% | 0.05% | −0.04 |
| AVAV Aerovironment Inc. | Reduce -55.4% | 0.04% | −0.04 |
| MKL Markel Group Inc. | Reduce -16.8% | 0.13% | −0.04 |
| GLOB Globant SA | Reduce -10.6% | 0.05% | −0.04 |
| HES Hess Corp. | Sold out | 0.00% | −0.04 |
| PGR Progressive Corp. | Reduce -2.6% | 0.24% | −0.04 |
| FICO Fair Isaac Corp. | Reduce -31.8% | 0.05% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 0.83% | −0.04 |
| COF Capital One Financial Corp. | Reduce -17.2% | 0.14% | −0.04 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
| HSY The Hershey Co. | Reduce -43.7% | 0.06% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -5.5% | 0.16% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| PDD PDD Holdings Inc. | Add +34.7% | 0.73% | +0.28 |
| HTHT H World Group Ltd.-ADR | Add +43.2% | 0.69% | +0.25 |
| UNP Union Pacific Corp. | Add +156.1% | 0.40% | +0.24 |
| YMM Full Truck Alliance -SPN ADR | Add +76.4% | 0.30% | +0.14 |
| NEE Nextera Energy Inc. | Add +28.5% | 0.55% | +0.14 |
| JNJ Johnson & Johnson | Add +4.0% | 0.68% | +0.11 |
| SE Sea Ltd.-ADR | Add +8.2% | 0.86% | +0.11 |
| ADBE Adobe Inc. | Add +60.1% | 0.38% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +1.3% | 0.41% | +0.09 |
| MMYT Makemytrip Ltd. | Add +505.3% | 0.10% | +0.09 |
| GLD SPDR Gold Shares | Add +12.7% | 0.43% | +0.09 |
| EQIX Equinix Inc. | Add +60.2% | 0.25% | +0.08 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +28.1% | 0.26% | +0.08 |
| EMB iShares JP Morgan Usd Emergi | Add +240.2% | 0.11% | +0.08 |
| LRCX Lam Research Corp. | Add +2.1% | 0.27% | +0.07 |
| CVX Chevron Corp. | Add +22.1% | 0.33% | +0.07 |
| BEKE Ke Holdings Inc.-ADR | Add +897.9% | 0.07% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +95.8% | 0.13% | +0.07 |
| DTM DT Midstream Inc. | Add +54.4% | 0.19% | +0.06 |
| ATAT Atour Lifestyle Holdings-ADR | Add +44.5% | 0.16% | +0.06 |
| F Ford Motor Co. | Add +126.3% | 0.10% | +0.06 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +137.6% | 0.10% | +0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +52.9% | 0.17% | +0.05 |
| MAS Masco Corp. | Add +90.9% | 0.11% | +0.05 |
| INTC Intel Corp. | Add +8.1% | 0.15% | +0.05 |
| MU Micron Technology Inc. | Add +7.1% | 0.19% | +0.05 |
| BAP Credicorp Ltd. | Add +25.2% | 0.17% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +5.5% | 0.66% | +0.05 |
| GM General Motors Co. | Add +22.3% | 0.16% | +0.05 |
| SBAC SBA Communications Corp. | Add +46.5% | 0.36% | +0.04 |
| TEL Te Connectivity PLC | Add +0.6% | 0.23% | +0.04 |
| TPR Tapestry Inc. | Add +344.9% | 0.05% | +0.04 |
| PEP Pepsico Inc. | Add +14.5% | 0.32% | +0.04 |
| RKLB Rocket Lab Corp. | Add +423.1% | 0.05% | +0.04 |
| SJNK SS SPDR BB St Hi Yield ETF | New | 0.04% | +0.04 |
| PCG P G & E Corp. | Add +13.4% | 0.27% | +0.04 |
| KLAC KLA Corp. | Add +5.5% | 0.22% | +0.04 |
| EQT Eqt Corp. | Add +116.4% | 0.06% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +57.5% | 0.10% | +0.03 |
| MRK Merck & Co. Inc. | Add +6.2% | 0.45% | +0.03 |
| SYF Synchrony Financial | Add +18.4% | 0.17% | +0.03 |
| MEDP Medpace Holdings Inc. | Add +14.8% | 0.06% | +0.03 |
| AMP Ameriprise Financial Inc. | Add +52.2% | 0.11% | +0.03 |
| CCK Crown Holdings Inc. | Add +52.8% | 0.10% | +0.03 |
| SOFI Sofi Technologies Inc. | New | 0.03% | +0.03 |
| WPC WP Carey Inc. | Add +149.8% | 0.04% | +0.03 |
| TROW T Rowe Price Group Inc. | Add +30.6% | 0.10% | +0.03 |
| SNA Snap-on Inc. | Add +45.6% | 0.07% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +1822.4% | 0.02% | +0.02 |
| MSI Motorola Solutions Inc. | Add +8.2% | 0.22% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 200,000 | $21.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,541 | $45.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 1,096 | $40.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,087 | $42.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,102 | $45.5B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 1,046 | $43.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,062 | $38.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,042 | $42.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 1,059 | $43.8B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,083 | $42.0B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 1,074 | $43.6B | MSFT, NVDA, AAPL, AMZN, META |