Mizuho Bank, Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Mizuho Bank, Ltd. reported 108 stock positions worth $358.1 million. Its top holding was SPDR Gold Shares (GLD) at 40.6% of the portfolio, followed by St Sr Utl SL SE SPDR ETF-Usd (XLU, 31.1%) and Cme (CME, 6.6%). Compared with Q3 2024, it opened 50 new positions, sold out of 11, added to 14 and reduced 12. The biggest buy was a new position in SPDR Gold Shares (GLD) and the biggest sale an exit from Invesco Nasdaq 100 ETF (QQQM).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0001512734
Portfolio Value
$358.1M (Q4 2024)
SEC Filing
0000950123-25-001894 ↗ filed Feb 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $966.9M Q1 2024 Q2 2024: $421.3M Q2 2024 Q3 2024: $507.1M Q3 2024 Q4 2024: $358.1M $358.1M Q4 2024 Q1 2025: $442.9M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $900.8M Q3 2025 Q4 2025: $840.3M Q4 2025 Q1 2026: $369.5M Q1 2026 Q2 2026: $467.4M Q2 2026

Holdings 108 stocks · $358.1M
GLD SPDR Gold Shares 40.57% 600,000 $145.3M New
XLU St Sr Utl SL SE SPDR ETF-Usd 31.13% 1,473,000 $111.5M Add +227.3%
CME Cme Group Inc. 6.65% 102,518 $23.8M No change
XLC SS Comm Select Sector SPDR 6.41% 237,000 $22.9M No change
XLF SS Financial Select Sector 6.34% 470,000 $22.7M No change
XLK SS Technology Select Sector 6.17% 95,000 $22.1M No change
AAPL Apple Inc. 0.20% 2,800 $701K No change
NVDA Nvidia Corp. 0.20% 5,200 $698K Add +4.0%
MSFT Microsoft Corp. 0.18% 1,570 $662K New
AMZN Amazon.com Inc. 0.12% 1,900 $417K No change
GOOGL Alphabet Inc. Class A 0.12% 2,200 $416K Reduce -6.4%
META Meta Platforms Inc. Class A 0.09% 540 $316K No change
JPM JPMorgan Chase & Co. 0.06% 920 $221K No change
V Visa Inc. Class A 0.06% 660 $209K Add +10.0%
TSLA Tesla Inc. 0.06% 500 $202K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 430 $195K No change
AVGO Broadcom Inc. 0.05% 750 $174K Add +7.1%
NOW ServiceNow Inc. 0.04% 150 $159K No change
UNH Unitedhealth Group Inc. 0.04% 310 $157K No change
LLY Eli Lilly & Co. 0.04% 200 $154K New
COST Costco Wholesale Corp. 0.04% 160 $147K Reduce -5.9%
ABBV Abbvie Inc. 0.03% 660 $117K Add +340.0%
BKNG Booking Holdings Inc. 0.03% 22 $109K Reduce -8.3%
PGR Progressive Corp. 0.03% 440 $105K New
UNP Union Pacific Corp. 0.03% 460 $105K New
HD Home Depot Inc. 0.03% 260 $101K New
WCN Waste Connections Inc. 0.03% 550 $94K No change
MORN Morningstar Inc. 0.03% 280 $94K New
XOM Exxon Mobil Corp. 0.03% 870 $94K Reduce -30.9%
ADBE Adobe Inc. 0.02% 200 $89K Add +11.1%
MO Altria Group Inc. 0.02% 1,700 $89K Reduce -10.5%
PANW Palo Alto Networks Inc. 0.02% 480 $87K New
KR Kroger Co. 0.02% 1,400 $86K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 1,900 $84K No change
CPRT Copart Inc. 0.02% 1,430 $82K New
MA Mastercard Inc. Class A 0.02% 150 $79K No change
COR Cencora Inc. 0.02% 350 $79K No change
SYK Stryker Corp. 0.02% 210 $76K New
RTX RTX Corp. 0.02% 650 $75K Add +35.4%
CHE Chemed Corp. 0.02% 140 $74K No change
WFC Wells Fargo & Co. 0.02% 980 $69K New
BBY Best Buy Co. Inc. 0.02% 800 $69K No change
NSC Norfolk Southern Corp. 0.02% 290 $68K New
WAT Waters Corp. 0.02% 180 $67K New
MCO Moody's Corp. 0.02% 140 $66K New
ORLY O'reilly Automotive Inc. 0.02% 55 $65K Add +37.5%
GLOB Globant SA 0.02% 300 $64K No change
PAYX Paychex Inc. 0.02% 450 $63K New
CMI Cummins Inc. 0.02% 180 $63K New
NFLX Netflix Inc. 0.02% 70 $62K No change
LRCX Lam Research Corp. 0.02% 850 $61K New
SNA Snap-on Inc. 0.02% 180 $61K New
NEE Nextera Energy Inc. 0.02% 850 $61K No change
CMS CMS Energy Corp. 0.02% 910 $61K New
MMM 3M Co. 0.02% 460 $59K Reduce -37.8%
SNPS Synopsys Inc. 0.02% 120 $58K New
CRWD CrowdStrike Holdings Inc. Class A 0.02% 170 $58K Reduce -15.0%
CDW CDW Corp. 0.02% 330 $57K Reduce -17.5%
TMO Thermo Fisher Scientific Inc. 0.02% 110 $57K New
MCK McKesson Corp. 0.02% 100 $57K No change
MRK Merck & Co. Inc. 0.02% 550 $55K Reduce -46.1%
TW Tradeweb Markets Inc. Class A 0.01% 410 $54K New
TTWO Take-Two Interactive Softwre 0.01% 290 $53K New
EQH Equitable Holdings Inc. 0.01% 1,130 $53K Add +61.4%
URI United Rentals Inc. 0.01% 75 $53K New
RJF Raymond James Financial Inc. 0.01% 340 $53K New
MCD McDonald's Corp. 0.01% 180 $52K New
SYF Synchrony Financial 0.01% 800 $52K No change
STX Seagate Technology Holdings 0.01% 600 $52K Add +140.0%
O Realty Income Corp. 0.01% 950 $51K New
EIX Edison International 0.01% 630 $50K New
ATR Aptargroup Inc. 0.01% 320 $50K No change
MRVL Marvell Technology Inc. 0.01% 450 $50K New
RYAN Ryan Specialty Holdings Inc. 0.01% 770 $49K New
STE Steris PLC 0.01% 240 $49K No change
ZM Zoom Communications Inc. 0.01% 580 $47K Add +11.5%
TRU Transunion 0.01% 510 $47K New
CAT Caterpillar Inc. 0.01% 130 $47K New
MNDY Monday.com Ltd. 0.01% 200 $47K Add +17.6%
APPF Appfolio Inc. Class A 0.01% 190 $47K No change
ICLR Icon PLC 0.01% 220 $46K No change
CCL Carnival Corp. 0.01% 1,850 $46K New
VZ Verizon Communications Inc. 0.01% 1,150 $46K No change
ZS Zscaler Inc. 0.01% 250 $45K Add +78.6%
TTEK Tetra Tech Inc. 0.01% 1,100 $44K Reduce -21.4%
PG The Procter & Gamble Co. 0.01% 260 $44K New
GPK Graphic Packaging Holding Co. 0.01% 1,600 $43K New
LEN Lennar Corp. Class A 0.01% 310 $42K New
DVN Devon Energy Corp. 0.01% 1,280 $42K No change
WMT Walmart Inc. 0.01% 450 $41K New
NRG NRG Energy Inc. 0.01% 450 $41K New
OVV Ovintiv Inc. 0.01% 1,000 $41K New
SCI Service Corp. International 0.01% 500 $40K New
HST Host Hotels & Resorts Inc. 0.01% 2,200 $39K No change
ROL Rollins Inc. 0.01% 800 $37K New
DELL Dell Technologies -C 0.01% 310 $36K Add +24.0%
TRGP Targa Resources Corp. 0.01% 200 $36K New
MOH Molina Healthcare Inc. 0.01% 120 $35K No change
AVY Avery Dennison Corp. 0.01% 180 $34K Reduce -48.6%
LECO Lincoln Electric Holdings 0.01% 160 $30K New

Show all 108 holdings

Portfolio Sells Q3 2024 → Q4 2024
QQQM Invesco Nasdaq 100 ETF Sold out 0.00% −39.61
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −30.55
XLI SS Industrial Select Sector Sold out 0.00% −4.27
AMAT Applied Materials Inc. Sold out 0.00% −0.02
WEC WEC Energy Group Inc. Sold out 0.00% −0.01
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.01
AMD Advanced Micro Devices Sold out 0.00% −0.01
MRK Merck & Co. Inc. Reduce -46.1% 0.02% −0.01
FANG Diamondback Energy Inc. Sold out 0.00% −0.01
TMDX Transmedics Group Inc. Sold out 0.00% −0.01
AEE Ameren Corporation Sold out 0.00% −0.01
AVY Avery Dennison Corp. Reduce -48.6% 0.01% −0.01
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.01
AMP Ameriprise Financial Inc. Reduce -64.3% 0.01% −0.01
MMM 3M Co. Reduce -37.8% 0.02% −0.00
XOM Exxon Mobil Corp. Reduce -30.9% 0.03% −0.00
CDW CDW Corp. Reduce -17.5% 0.02% −0.00
TTEK Tetra Tech Inc. Reduce -21.4% 0.01% −0.00
CRWD CrowdStrike Holdings Inc. Class A Reduce -15.0% 0.02% +0.01
MO Altria Group Inc. Reduce -10.5% 0.02% +0.01
BKNG Booking Holdings Inc. Reduce -8.3% 0.03% +0.01
COST Costco Wholesale Corp. Reduce -5.9% 0.04% +0.01
GOOGL Alphabet Inc. Class A Reduce -6.4% 0.12% +0.04

Portfolio Buys Q3 2024 → Q4 2024
GLD SPDR Gold Shares New 40.57% +40.57
XLU St Sr Utl SL SE SPDR ETF-Usd Add +227.3% 31.13% +23.96
MSFT Microsoft Corp. New 0.18% +0.18
NVDA Nvidia Corp. Add +4.0% 0.20% +0.08
LLY Eli Lilly & Co. New 0.04% +0.04
PGR Progressive Corp. New 0.03% +0.03
UNP Union Pacific Corp. New 0.03% +0.03
HD Home Depot Inc. New 0.03% +0.03
ABBV Abbvie Inc. Add +340.0% 0.03% +0.03
MORN Morningstar Inc. New 0.03% +0.03
V Visa Inc. Class A Add +10.0% 0.06% +0.03
AVGO Broadcom Inc. Add +7.1% 0.05% +0.02
PANW Palo Alto Networks Inc. New 0.02% +0.02
KR Kroger Co. New 0.02% +0.02
CPRT Copart Inc. New 0.02% +0.02
SYK Stryker Corp. New 0.02% +0.02
WFC Wells Fargo & Co. New 0.02% +0.02
NSC Norfolk Southern Corp. New 0.02% +0.02
WAT Waters Corp. New 0.02% +0.02
MCO Moody's Corp. New 0.02% +0.02
PAYX Paychex Inc. New 0.02% +0.02
CMI Cummins Inc. New 0.02% +0.02
LRCX Lam Research Corp. New 0.02% +0.02
SNA Snap-on Inc. New 0.02% +0.02
CMS CMS Energy Corp. New 0.02% +0.02
SNPS Synopsys Inc. New 0.02% +0.02
TMO Thermo Fisher Scientific Inc. New 0.02% +0.02
TW Tradeweb Markets Inc. Class A New 0.01% +0.01
TTWO Take-Two Interactive Softwre New 0.01% +0.01
URI United Rentals Inc. New 0.01% +0.01
RJF Raymond James Financial Inc. New 0.01% +0.01
MCD McDonald's Corp. New 0.01% +0.01
O Realty Income Corp. New 0.01% +0.01
EIX Edison International New 0.01% +0.01
MRVL Marvell Technology Inc. New 0.01% +0.01
RYAN Ryan Specialty Holdings Inc. New 0.01% +0.01
CAT Caterpillar Inc. New 0.01% +0.01
TRU Transunion New 0.01% +0.01
CCL Carnival Corp. New 0.01% +0.01
PG The Procter & Gamble Co. New 0.01% +0.01
GPK Graphic Packaging Holding Co. New 0.01% +0.01
LEN Lennar Corp. Class A New 0.01% +0.01
WMT Walmart Inc. New 0.01% +0.01
NRG NRG Energy Inc. New 0.01% +0.01
OVV Ovintiv Inc. New 0.01% +0.01
SCI Service Corp. International New 0.01% +0.01
ROL Rollins Inc. New 0.01% +0.01
TRGP Targa Resources Corp. New 0.01% +0.01
RTX RTX Corp. Add +35.4% 0.02% +0.01
EQH Equitable Holdings Inc. Add +61.4% 0.01% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$467.4MGLD, DBC, DBA, GSG, EWY
Q1 2026 4$369.5MXLE, SPY, DBA, CME
Q4 2025 6$840.3MSPYM, QQQ, SPY, QQQM, IWD
Q3 2025 9$900.8MQQQM, QQQ, GLDM, IAU, IVV
Q2 2025 7$1.0BQQQM, GLD, QQQ, SPYM, SPY
Q1 2025 6$442.9MGLD, SPYM, GLDM, XLU, IAU
Q4 2024 108$358.1MGLD, XLU, CME, XLC, XLF
Q3 2024 69$507.1MQQQM, SPY, XLU, CME, XLI
Q2 2024 105$421.3MSPY, QQQ, VTI, XLK, XLC
Q1 2024 6$966.9MSPYM, IAU, IVV, VTI, GLD