Nissay Asset Management Corp. /Japan
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Nissay Asset Management Corp. /Japan reported 695 stock positions worth $17.1 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 7.0% of the portfolio, followed by Nvidia (NVDA, 5.1%) and Microsoft (MSFT, 4.9%). Compared with Q1 2025, it opened 12 new positions, sold out of 46, added to 494 and reduced 172. The biggest buy was Nvidia (NVDA, shares +5%) and the biggest sale SS Technology Select Sector (XLK, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- Tokyo, M0
- CIK
- 0000869589
- Portfolio Value
- $17.1B (Q2 2025)
- SEC Filing
- 0001172661-25-003399 ↗ filed Aug 14, 2025
Holdings Value
Holdings 695 stocks · $17.1B
| VTI VG Morningstar TS MKT ETF-US | 7.02% | 3,944,205 | $1.2B | No change |
| NVDA Nvidia Corp. | 5.12% | 5,532,575 | $874.1M | Add +4.7% |
| MSFT Microsoft Corp. | 4.92% | 1,689,324 | $840.3M | Add +8.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.21% | 1,164,154 | $719.3M | No change |
| KOKU Xtrackers MSCI Kokusai Eqty | 3.82% | 5,960,087 | $653.2M | Reduce -1.6% |
| AAPL Apple Inc. | 3.69% | 3,075,558 | $631.0M | Reduce -4.2% |
| XLV SS Health Care Select Sector | 2.78% | 3,517,825 | $474.2M | No change |
| AMZN Amazon.com Inc. | 2.70% | 2,100,548 | $460.8M | Add +2.4% |
| AVGO Broadcom Inc. | 2.47% | 1,532,355 | $422.4M | Add +1.5% |
| IVV iShares Core S&P 500 ETF | 2.36% | 650,447 | $403.9M | No change |
| QQQ Invesco QQQ Trust Series 1 | 2.13% | 660,336 | $364.3M | No change |
| META Meta Platforms Inc. Class A | 2.05% | 473,505 | $349.5M | Add +9.5% |
| GOOGL Alphabet Inc. Class A | 1.71% | 1,660,695 | $292.7M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 1.16% | 684,131 | $198.3M | Add +35.3% |
| TSLA Tesla Inc. | 1.09% | 586,244 | $186.2M | Add +3.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.01% | 391,575 | $172.5M | No change |
| XLF SS Financial Select Sector | 1.00% | 3,261,163 | $170.8M | Reduce -3.6% |
| NFLX Netflix Inc. | 0.95% | 120,770 | $161.7M | Reduce -11.5% |
| GOOG Alphabet Inc. Class C | 0.94% | 905,131 | $160.6M | Add +1.7% |
| XLK SS Technology Select Sector | 0.81% | 544,222 | $137.8M | Reduce -61.5% |
| VGT Vanguard Info Tech ETF | 0.79% | 204,727 | $135.8M | No change |
| LLY Eli Lilly & Co. | 0.79% | 173,646 | $135.4M | Add +22.9% |
| VOO Vanguard S&P 500 ETF | 0.79% | 236,572 | $134.4M | Reduce -42.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.77% | 578,345 | $131.3M | No change |
| XLP SS Consumer Staples Sel Sect | 0.75% | 1,579,530 | $127.9M | No change |
| COST Costco Wholesale Corp. | 0.71% | 121,772 | $120.5M | Add +2.7% |
| WMT Walmart Inc. | 0.70% | 1,231,295 | $120.4M | Add +42.7% |
| LIN Linde PLC | 0.62% | 224,409 | $105.3M | Add +2.6% |
| INTU Intuit Inc. | 0.61% | 132,612 | $104.4M | Add +46.5% |
| V Visa Inc. Class A | 0.60% | 288,919 | $102.6M | Reduce -11.1% |
| ADI Analog Devices Inc. | 0.54% | 389,743 | $92.8M | Add +139.1% |
| USSG Xtrackers MSCI USA Sele Eqty | 0.54% | 1,619,000 | $92.1M | Add +5.1% |
| NOW ServiceNow Inc. | 0.54% | 89,336 | $91.8M | Add +36.9% |
| ORCL Oracle Corp. | 0.53% | 416,486 | $91.1M | Reduce -9.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.49% | 675,102 | $83.7M | Reduce -11.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 167,420 | $81.3M | Add +3.3% |
| RSG Republic Services Inc. | 0.46% | 319,360 | $78.8M | Reduce -25.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.45% | 1,064,700 | $77.4M | New |
| PLTR Palantir Technologies Inc. Class A | 0.45% | 563,127 | $76.8M | Add +5.1% |
| SPGI S&P Global Inc. | 0.45% | 145,363 | $76.6M | Reduce -29.5% |
| AMD Advanced Micro Devices | 0.43% | 523,784 | $74.3M | Add +1.6% |
| APH Amphenol Corp. Class A | 0.43% | 750,551 | $74.1M | Add +3.4% |
| CSCO Cisco Systems Inc. | 0.42% | 1,027,196 | $71.3M | Add +3.0% |
| QYLD Global X Nasd 100 Cov Call | 0.38% | 3,849,837 | $64.4M | No change |
| XYLD Global X S&P 500 Cove Call E | 0.38% | 1,652,108 | $64.3M | No change |
| TXN Texas Instruments Inc. | 0.37% | 301,802 | $62.7M | Add +4.3% |
| QCOM Qualcomm Inc. | 0.36% | 381,882 | $60.8M | Add +4.4% |
| MA Mastercard Inc. Class A | 0.35% | 107,148 | $60.2M | Add +4.0% |
| XOM Exxon Mobil Corp. | 0.34% | 546,197 | $58.9M | Add +1.6% |
| HEI Heico Corp. | 0.34% | 176,122 | $57.8M | Add +2.1% |
| AZO AutoZone Inc. | 0.33% | 15,373 | $57.1M | Reduce -38.2% |
| VRT Vertiv Holdings Co. Class A | 0.33% | 442,937 | $56.9M | Add +882.9% |
| GS Goldman Sachs Group Inc. | 0.32% | 77,716 | $55.0M | Add +6.9% |
| AMAT Applied Materials Inc. | 0.32% | 295,862 | $54.2M | Reduce -2.4% |
| CDNS Cadence Design SYS Inc. | 0.31% | 171,245 | $52.8M | Reduce -23.0% |
| ISRG Intuitive Surgical Inc. | 0.29% | 92,708 | $50.4M | Add +3.4% |
| TMUS T-Mobile US Inc. | 0.28% | 204,171 | $48.6M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.28% | 304,380 | $48.5M | Add +2.8% |
| BKNG Booking Holdings Inc. | 0.28% | 8,305 | $48.1M | Add +2.0% |
| MU Micron Technology Inc. | 0.28% | 389,099 | $48.0M | Add +4.0% |
| JNJ Johnson & Johnson | 0.28% | 312,267 | $47.7M | Add +0.9% |
| PEP Pepsico Inc. | 0.27% | 351,704 | $46.4M | Add +3.3% |
| LRCX Lam Research Corp. | 0.26% | 464,152 | $45.2M | Add +5.3% |
| HD Home Depot Inc. | 0.26% | 122,526 | $44.9M | Add +1.0% |
| ADBE Adobe Inc. | 0.26% | 115,363 | $44.6M | Add +1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 894,757 | $42.3M | Add +5.0% |
| KLAC KLA Corp. | 0.24% | 46,681 | $41.8M | Add +0.7% |
| ABBV Abbvie Inc. | 0.24% | 223,397 | $41.5M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.24% | 583,587 | $41.3M | Add +0.6% |
| ACN Accenture PLC Class A | 0.24% | 137,488 | $41.1M | Reduce -19.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.23% | 122,416 | $39.2M | Reduce -46.7% |
| AMGN Amgen Inc. | 0.23% | 137,706 | $38.4M | Add +3.2% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 148,911 | $38.3M | Add +11.2% |
| HON Honeywell International Inc. | 0.22% | 163,178 | $38.0M | Add +1.5% |
| ULTA Ulta Beauty Inc. | 0.22% | 80,813 | $37.8M | Add +364.6% |
| ADSK Autodesk Inc. | 0.22% | 120,699 | $37.4M | Add +3.0% |
| PM Philip Morris International | 0.22% | 201,998 | $36.8M | Add +1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 124,473 | $36.7M | Reduce -1.3% |
| UNH Unitedhealth Group Inc. | 0.21% | 117,549 | $36.7M | Reduce -32.8% |
| INTC Intel Corp. | 0.21% | 1,619,532 | $36.3M | Add +10.1% |
| GILD Gilead Sciences Inc. | 0.21% | 321,933 | $35.7M | Add +3.3% |
| CMCSA Comcast Corp. Class A | 0.21% | 992,943 | $35.4M | Add +2.0% |
| AWK American Water Works Co. Inc. | 0.21% | 254,338 | $35.4M | Reduce -29.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 168,486 | $34.5M | Add +2.5% |
| BLD Topbuild Corp. | 0.20% | 104,027 | $33.7M | Add +370.6% |
| MRVL Marvell Technology Inc. | 0.19% | 425,817 | $33.0M | Reduce -15.1% |
| WFC Wells Fargo & Co. | 0.19% | 407,614 | $32.7M | Reduce -0.9% |
| ADP Automatic Data Processing | 0.19% | 104,793 | $32.3M | Add +3.0% |
| CRM Salesforce Inc. | 0.19% | 118,408 | $32.3M | Add +1.7% |
| AME Ametek Inc. | 0.19% | 178,174 | $32.2M | Add +2.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 63,144 | $32.2M | Add +7.8% |
| CTAS Cintas Corp. | 0.19% | 143,365 | $32.0M | Add +2.7% |
| MELI MercadoLibre Inc. | 0.19% | 12,192 | $31.9M | Add +3.3% |
| T AT&T Inc. | 0.18% | 1,084,000 | $31.4M | Add +19.5% |
| MSI Motorola Solutions Inc. | 0.18% | 74,271 | $31.2M | Add +4.4% |
| CVX Chevron Corp. | 0.18% | 212,828 | $30.5M | Add +1.6% |
| ABT Abbott Laboratories | 0.18% | 223,738 | $30.4M | Add +3.1% |
| DECK Deckers Outdoor Corp. | 0.17% | 286,003 | $29.5M | Add +216.0% |
| FAST Fastenal Co. | 0.17% | 699,664 | $29.4M | Add +2.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 65,638 | $29.2M | Add +2.9% |
Portfolio Sells Q1 2025 → Q2 2025
| XLK SS Technology Select Sector | Reduce -61.5% | 0.81% | −1.09 |
| AAPL Apple Inc. | Reduce -4.2% | 3.69% | −0.94 |
| VOO Vanguard S&P 500 ETF | Reduce -42.4% | 0.79% | −0.58 |
| CRH CRH PLC | Sold out | 0.00% | −0.43 |
| UNH Unitedhealth Group Inc. | Reduce -32.8% | 0.21% | −0.38 |
| AJG Arthur J Gallagher & Co. | Reduce -46.7% | 0.23% | −0.29 |
| AZO AutoZone Inc. | Reduce -38.2% | 0.33% | −0.28 |
| SPGI S&P Global Inc. | Reduce -29.5% | 0.45% | −0.23 |
| RSG Republic Services Inc. | Reduce -25.7% | 0.46% | −0.22 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -78.7% | 0.07% | −0.18 |
| AWK American Water Works Co. Inc. | Reduce -29.8% | 0.21% | −0.14 |
| V Visa Inc. Class A | Reduce -11.1% | 0.60% | −0.14 |
| WMS Advanced Drainage Systems Inc. | Reduce -98.4% | 0.00% | −0.14 |
| CPAY Corpay Inc. | Reduce -60.5% | 0.07% | −0.14 |
| AMP Ameriprise Financial Inc. | Reduce -74.5% | 0.04% | −0.12 |
| ACN Accenture PLC Class A | Reduce -19.8% | 0.24% | −0.11 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.10 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.10 |
| XLF SS Financial Select Sector | Reduce -3.6% | 1.00% | −0.10 |
| VFC VF Corp. | Reduce -90.1% | 0.01% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -0.2% | 0.28% | −0.07 |
| KOKU Xtrackers MSCI Kokusai Eqty | Reduce -1.6% | 3.82% | −0.07 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.06 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.24% | −0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -23.0% | 0.31% | −0.06 |
| WCN Waste Connections Inc. | Reduce -54.1% | 0.03% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -41.7% | 0.05% | −0.05 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.05 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.04 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.04 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -56.6% | 0.02% | −0.04 |
| FISV Fiserv Inc. | Reduce -3.5% | 0.07% | −0.03 |
| COP Conocophillips | Reduce -1.4% | 0.08% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -26.6% | 0.03% | −0.02 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.02 |
| PNR Pentair PLC | Sold out | 0.00% | −0.02 |
| COHR Coherent Corp. | Reduce -48.1% | 0.04% | −0.02 |
| MRSH Marsh & McLennan Cos | Reduce -1.2% | 0.08% | −0.02 |
| DOCU Docusign Inc. | Reduce -49.3% | 0.01% | −0.02 |
| DUK Duke Energy Corp. | Reduce -3.0% | 0.10% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.0% | 0.04% | −0.02 |
| ELV Elevance Health Inc. | Reduce -1.9% | 0.06% | −0.02 |
| WM Waste Management Inc. | Reduce -3.3% | 0.10% | −0.02 |
| SLB SLB Ltd. | Reduce -2.8% | 0.04% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 0.09% | −0.02 |
| XEL Xcel Energy Inc. | Reduce -1.3% | 0.09% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -22.3% | 0.03% | −0.01 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.01 |
| EOG EOG Resources Inc. | Reduce -1.4% | 0.06% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +4.7% | 5.12% | +1.40 |
| MSFT Microsoft Corp. | Add +8.9% | 4.92% | +1.13 |
| AVGO Broadcom Inc. | Add +1.5% | 2.47% | +0.83 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.45% | +0.45 |
| META Meta Platforms Inc. Class A | Add +9.5% | 2.05% | +0.43 |
| JPM JPMorgan Chase & Co. | Add +35.3% | 1.16% | +0.35 |
| ADI Analog Devices Inc. | Add +139.1% | 0.54% | +0.33 |
| VRT Vertiv Holdings Co. Class A | Add +882.9% | 0.33% | +0.31 |
| INTU Intuit Inc. | Add +46.5% | 0.61% | +0.25 |
| WMT Walmart Inc. | Add +42.7% | 0.70% | +0.21 |
| NOW ServiceNow Inc. | Add +36.9% | 0.54% | +0.20 |
| ULTA Ulta Beauty Inc. | Add +364.6% | 0.22% | +0.18 |
| AMZN Amazon.com Inc. | Add +2.4% | 2.70% | +0.16 |
| PLTR Palantir Technologies Inc. Class A | Add +5.1% | 0.45% | +0.16 |
| BLD Topbuild Corp. | Add +370.6% | 0.20% | +0.15 |
| TSLA Tesla Inc. | Add +3.5% | 1.09% | +0.14 |
| APH Amphenol Corp. Class A | Add +3.4% | 0.43% | +0.12 |
| DECK Deckers Outdoor Corp. | Add +216.0% | 0.17% | +0.11 |
| SHOP Shopify Inc. Class A | New | 0.11% | +0.11 |
| AMD Advanced Micro Devices | Add +1.6% | 0.43% | +0.09 |
| SPOT Spotify Technology SA | New | 0.09% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +2.1% | 1.71% | +0.08 |
| USFD US Foods Holding Corp. | Add +262.3% | 0.10% | +0.07 |
| MU Micron Technology Inc. | Add +4.0% | 0.28% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +6.9% | 0.32% | +0.06 |
| LRCX Lam Research Corp. | Add +5.3% | 0.26% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +7.8% | 0.19% | +0.05 |
| GLDM SPDR Gold Minishares Trust | Add +90.8% | 0.11% | +0.05 |
| GE General Electric | Add +11.2% | 0.22% | +0.05 |
| CEG Constellation Energy | Add +2.0% | 0.15% | +0.05 |
| MSTR Strategy Inc. | Add +12.4% | 0.15% | +0.04 |
| COF Capital One Financial Corp. | Add +67.2% | 0.10% | +0.04 |
| KLAC KLA Corp. | Add +0.7% | 0.24% | +0.04 |
| GEV GE Vernova Inc. | Add +0.4% | 0.11% | +0.04 |
| RBLX Roblox Corp. Class A | Add +7.2% | 0.09% | +0.04 |
| URI United Rentals Inc. | Add +104.5% | 0.07% | +0.04 |
| HEI Heico Corp. | Add +2.1% | 0.34% | +0.04 |
| BKNG Booking Holdings Inc. | Add +2.0% | 0.28% | +0.04 |
| MELI MercadoLibre Inc. | Add +3.3% | 0.19% | +0.04 |
| FLUT Flutter Entertainment PLC-Di | New | 0.04% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +1.7% | 0.94% | +0.04 |
| TT Trane Technologies PLC | Add +10.5% | 0.16% | +0.04 |
| USSG Xtrackers MSCI USA Sele Eqty | Add +5.1% | 0.54% | +0.03 |
| MCHP Microchip Technology Inc. | Add +8.6% | 0.12% | +0.03 |
| LLY Eli Lilly & Co. | Add +22.9% | 0.79% | +0.03 |
| APP AppLovin Corp. Class A | Add +8.6% | 0.14% | +0.03 |
| DASH DoorDash Inc. Class A | Add +5.9% | 0.14% | +0.03 |
| AXON Axon Enterprise Inc. | Add +5.4% | 0.09% | +0.03 |
| HOOD Robinhood Markets Inc. Class A | Add +23.6% | 0.05% | +0.03 |
| TXN Texas Instruments Inc. | Add +4.3% | 0.37% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 687 | $23.7B | VTI, NVDA, AAPL, SPYM, KOKU |
| Q1 2026 | 666 | $18.9B | VTI, NVDA, AAPL, SPYM, KOKU |
| Q4 2025 | 669 | $19.2B | VTI, NVDA, AAPL, MSFT, SPYM |
| Q3 2025 | 667 | $18.1B | VTI, NVDA, MSFT, AAPL, SPYM |
| Q2 2025 | 695 | $17.1B | VTI, NVDA, MSFT, SPY, KOKU |
| Q1 2025 | 728 | $15.4B | VTI, AAPL, SPY, KOKU, MSFT |
| Q4 2024 | 740 | $16.4B | VTI, AAPL, NVDA, MSFT, SPY |
| Q3 2024 | 749 | $15.8B | VTI, XLV, AAPL, SPY, MSFT |
| Q2 2024 | 756 | $15.1B | VTI, XLV, MSFT, SPY, NVDA |
| Q1 2024 | 762 | $14.4B | VTI, XLV, MSFT, SPY, KOKU |