Mizuho Bank, Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Mizuho Bank, Ltd. reported 6 stock positions worth $442.9 million. Its top holding was SPDR Gold Shares (GLD) at 39.0% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 20.8%) and SPDR Gold Minishares Trust (GLDM, 15.4%). Compared with Q4 2024, it opened 3 new positions, sold out of 105 and reduced 1. The biggest buy was a new position in Ste STR SPDR PT S&P 500 ETF (SPYM) and the biggest sale St Sr Utl SL SE SPDR ETF-Usd (XLU, shares −59%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0001512734
Portfolio Value
$442.9M (Q1 2025)
SEC Filing
0000950123-25-005041 ↗ filed May 14, 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 Q4 2024 Q1 2025: $442.9M $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 6 stocks · $442.9M
GLD SPDR Gold Shares 39.03% 600,000 $172.9M No change
SPYM Ste STR SPDR PT S&P 500 ETF 20.79% 1,400,000 $92.1M New
GLDM SPDR Gold Minishares Trust 15.37% 1,100,000 $68.1M New
XLU St Sr Utl SL SE SPDR ETF-Usd 10.68% 600,000 $47.3M Reduce -59.3%
IAU iShares Gold Trust 7.99% 600,000 $35.4M New
CME Cme Group Inc. 6.14% 102,518 $27.2M No change

Portfolio Sells Q4 2024 → Q1 2025
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -59.3% 10.68% −20.45
XLC SS Comm Select Sector SPDR Sold out 0.00% −6.41
XLF SS Financial Select Sector Sold out 0.00% −6.34
XLK SS Technology Select Sector Sold out 0.00% −6.17
AAPL Apple Inc. Sold out 0.00% −0.20
NVDA Nvidia Corp. Sold out 0.00% −0.20
MSFT Microsoft Corp. Sold out 0.00% −0.18
AMZN Amazon.com Inc. Sold out 0.00% −0.12
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Sold out 0.00% −0.09
JPM JPMorgan Chase & Co. Sold out 0.00% −0.06
V Visa Inc. Class A Sold out 0.00% −0.06
TSLA Tesla Inc. Sold out 0.00% −0.06
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.05
AVGO Broadcom Inc. Sold out 0.00% −0.05
NOW ServiceNow Inc. Sold out 0.00% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.04
LLY Eli Lilly & Co. Sold out 0.00% −0.04
COST Costco Wholesale Corp. Sold out 0.00% −0.04
ABBV Abbvie Inc. Sold out 0.00% −0.03
BKNG Booking Holdings Inc. Sold out 0.00% −0.03
PGR Progressive Corp. Sold out 0.00% −0.03
UNP Union Pacific Corp. Sold out 0.00% −0.03
HD Home Depot Inc. Sold out 0.00% −0.03
WCN Waste Connections Inc. Sold out 0.00% −0.03
MORN Morningstar Inc. Sold out 0.00% −0.03
XOM Exxon Mobil Corp. Sold out 0.00% −0.03
ADBE Adobe Inc. Sold out 0.00% −0.02
MO Altria Group Inc. Sold out 0.00% −0.02
PANW Palo Alto Networks Inc. Sold out 0.00% −0.02
KR Kroger Co. Sold out 0.00% −0.02
BAC Bank of America Corp. Sold out 0.00% −0.02
CPRT Copart Inc. Sold out 0.00% −0.02
MA Mastercard Inc. Class A Sold out 0.00% −0.02
COR Cencora Inc. Sold out 0.00% −0.02
SYK Stryker Corp. Sold out 0.00% −0.02
RTX RTX Corp. Sold out 0.00% −0.02
CHE Chemed Corp. Sold out 0.00% −0.02
BBY Best Buy Co. Inc. Sold out 0.00% −0.02
WFC Wells Fargo & Co. Sold out 0.00% −0.02
NSC Norfolk Southern Corp. Sold out 0.00% −0.02
WAT Waters Corp. Sold out 0.00% −0.02
MCO Moody's Corp. Sold out 0.00% −0.02
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.02
GLOB Globant SA Sold out 0.00% −0.02
PAYX Paychex Inc. Sold out 0.00% −0.02
CMI Cummins Inc. Sold out 0.00% −0.02
NFLX Netflix Inc. Sold out 0.00% −0.02
LRCX Lam Research Corp. Sold out 0.00% −0.02
SNA Snap-on Inc. Sold out 0.00% −0.02

Portfolio Buys Q4 2024 → Q1 2025
SPYM Ste STR SPDR PT S&P 500 ETF New 20.79% +20.79
GLDM SPDR Gold Minishares Trust New 15.37% +15.37
IAU iShares Gold Trust New 7.99% +7.99

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