National Mutual Insurance Federation of Agricultural Cooperatives

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), National Mutual Insurance Federation of Agricultural Cooperatives reported 42 stock positions worth $9.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 20.0% of the portfolio, followed by Vngrd Mrgstr LRG-Cap ETF-Usd (VV, 16.6%) and SS SPDR S&P 500 ETF Trust-US (SPY, 14.5%). Compared with Q4 2023, it added to 1 and reduced 2. The biggest buy was Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares +18%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −19%).

Most Recent 13F
Q2 2026
Location
TOKYO, JAPAN, M0
CIK
0001542927
Portfolio Value
$9.5B (Q1 2024)
SEC Filing
0000929638-24-001550 ↗ filed Apr 24, 2024

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $9.5B $9.5B Q1 2024 Q2 2024: $10.0B Q2 2024 Q3 2024: $11.1B Q3 2024 Q4 2024: $11.7B Q4 2024 Q1 2025: $11.1B Q1 2025 Q2 2025: $12.4B Q2 2025 Q3 2025: $13.2B Q3 2025 Q4 2025: $13.6B Q4 2025 Q1 2026: $13.0B Q1 2026 Q2 2026: $15.3B Q2 2026

Holdings 42 stocks · $9.5B

IVV iShares Core S&P 500 ETF 19.97% 3,594,347 $1.9B Reduce -0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 16.58% 6,543,317 $1.6B No change
SPY SS SPDR S&P 500 ETF Trust-US 14.47% 2,617,832 $1.4B No change
VOO Vanguard S&P 500 ETF 14.36% 2,827,650 $1.4B No change
VTI VG Morningstar TS MKT ETF-US 9.84% 3,581,800 $930.9M Reduce -19.4%
QQQ Invesco QQQ Trust Series 1 8.25% 1,759,000 $781.0M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 4.65% 4,040,400 $440.1M Add +18.1%
IWB iShares Russell 1000 ETF 2.41% 791,000 $227.8M No change
MSFT Microsoft Corp. 0.79% 177,900 $74.8M No change
AAPL Apple Inc. 0.58% 319,400 $54.8M No change
GOOGL Alphabet Inc. Class A 0.57% 360,500 $54.4M No change
AMZN Amazon.com Inc. 0.51% 270,000 $48.7M No change
META Meta Platforms Inc. Class A 0.48% 92,600 $45.0M No change
MA Mastercard Inc. Class A 0.40% 79,100 $38.1M No change
JPM JPMorgan Chase & Co. 0.39% 184,900 $37.0M No change
MU Micron Technology Inc. 0.39% 312,000 $36.8M No change
ISRG Intuitive Surgical Inc. 0.38% 89,400 $35.7M No change
V Visa Inc. Class A 0.35% 119,300 $33.3M No change
TMO Thermo Fisher Scientific Inc. 0.34% 55,900 $32.5M No change
WMT Walmart Inc. 0.30% 473,100 $28.5M No change
INTU Intuit Inc. 0.29% 42,900 $27.9M No change
ETN Eaton Corp. PLC 0.28% 84,300 $26.4M No change
BLK BlackRock Finance Inc. 0.26% 29,400 $24.5M No change
TRV The Travelers Cos Inc. 0.25% 104,000 $23.9M No change
SPGI S&P Global Inc. 0.24% 52,800 $22.5M No change
ICE Intercontinental Exchange Inc. 0.23% 160,000 $22.0M No change
AZO AutoZone Inc. 0.23% 6,800 $21.4M No change
XOM Exxon Mobil Corp. 0.20% 166,700 $19.4M No change
EMR Emerson Electric Co. 0.20% 170,800 $19.4M No change
KO The Coca-Cola Co. 0.20% 308,500 $18.9M No change
NSC Norfolk Southern Corp. 0.20% 72,400 $18.5M No change
NKE Nike Inc. Class B 0.18% 184,000 $17.3M No change
CVX Chevron Corp. 0.17% 99,000 $15.6M No change
HON Honeywell International Inc. 0.15% 71,000 $14.6M No change
JNJ Johnson & Johnson 0.15% 91,000 $14.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 110,500 $13.5M No change
PFE Pfizer Inc. 0.13% 442,000 $12.3M No change
MDT Medtronic PLC 0.12% 127,000 $11.1M No change
PEP Pepsico Inc. 0.11% 61,000 $10.7M No change
PYPL PayPal Holdings Inc. 0.11% 156,300 $10.5M No change
ZBRA Zebra Technologies Corp. Class A 0.09% 29,000 $8.7M No change
PG The Procter & Gamble Co. 0.04% 22,394 $3.6M No change

Portfolio Sells Q4 2023 → Q1 2024

VTI VG Morningstar TS MKT ETF-US Reduce -19.4% 9.84% −2.15
IVV iShares Core S&P 500 ETF Reduce -0.1% 19.97% +0.43

Portfolio Buys Q4 2023 → Q1 2024

LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +18.1% 4.65% +0.34

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 39$15.3BIVV, VV, VOO, SPY, QQQ
Q1 2026 41$13.0BIVV, VV, VOO, SPY, QQQ
Q4 2025 42$13.6BIVV, VV, VOO, SPY, QQQ
Q3 2025 42$13.2BIVV, VV, VOO, SPY, QQQ
Q2 2025 43$12.4BIVV, VV, VOO, SPY, QQQ
Q1 2025 43$11.1BIVV, VV, VOO, SPY, QQQ
Q4 2024 45$11.7BIVV, VV, VOO, SPY, QQQ
Q3 2024 45$11.1BIVV, VV, VOO, SPY, QQQ
Q2 2024 45$10.0BIVV, VV, VOO, SPY, QQQ
Q1 2024 42$9.5BIVV, VV, SPY, VOO, VTI