Nissay Asset Management Corp. /Japan
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Nissay Asset Management Corp. /Japan reported 669 stock positions worth $19.2 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 6.4% of the portfolio, followed by Nvidia (NVDA, 5.6%) and Apple (AAPL, 4.5%). Compared with Q3 2025, it opened 24 new positions, sold out of 22, added to 499 and reduced 129. The biggest buy was a new position in SS Comm Select Sector SPDR (XLC) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Tokyo, M0
- CIK
- 0000869589
- Portfolio Value
- $19.2B (Q4 2025)
- SEC Filing
- 0001172661-26-000909 ↗ filed Feb 17, 2026
Holdings Value
Holdings 669 stocks · $19.2B
| VTI VG Morningstar TS MKT ETF-US | 6.39% | 3,663,005 | $1.2B | No change |
| NVDA Nvidia Corp. | 5.59% | 5,763,126 | $1.1B | Reduce -0.8% |
| AAPL Apple Inc. | 4.46% | 3,156,732 | $858.2M | Add +0.9% |
| MSFT Microsoft Corp. | 4.37% | 1,738,845 | $840.9M | Reduce -1.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.17% | 9,989,832 | $801.4M | No change |
| KOKU Xtrackers MSCI Kokusai Eqty | 3.70% | 5,880,802 | $710.7M | Add +0.9% |
| AVGO Broadcom Inc. | 2.62% | 1,452,641 | $502.8M | Reduce -6.9% |
| GOOGL Alphabet Inc. Class A | 2.52% | 1,548,201 | $484.6M | Add +7.0% |
| XLV SS Health Care Select Sector | 2.51% | 3,114,164 | $482.1M | Reduce -11.5% |
| AMZN Amazon.com Inc. | 2.41% | 2,007,728 | $463.4M | Add +4.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.11% | 660,336 | $405.7M | No change |
| META Meta Platforms Inc. Class A | 1.89% | 550,477 | $363.4M | Add +4.9% |
| IVV iShares Core S&P 500 ETF | 1.85% | 519,061 | $355.5M | Reduce -20.2% |
| XLF SS Financial Select Sector | 1.80% | 6,316,920 | $346.0M | Add +37.5% |
| TSLA Tesla Inc. | 1.60% | 684,097 | $307.7M | Add +17.0% |
| XLK SS Technology Select Sector | 1.49% | 1,994,050 | $287.1M | Add +83.2% |
| GOOG Alphabet Inc. Class C | 1.47% | 903,276 | $283.4M | Reduce -0.9% |
| XLC SS Comm Select Sector SPDR | 1.03% | 1,681,039 | $197.9M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.98% | 391,575 | $188.2M | No change |
| LLY Eli Lilly & Co. | 0.86% | 153,788 | $165.3M | Add +5.7% |
| VGT Vanguard Info Tech ETF | 0.80% | 204,727 | $154.3M | No change |
| APH Amphenol Corp. Class A | 0.80% | 1,139,882 | $154.0M | Reduce -15.1% |
| JPM JPMorgan Chase & Co. | 0.78% | 464,723 | $149.7M | Reduce -8.8% |
| AMD Advanced Micro Devices | 0.77% | 694,729 | $148.8M | Add +21.9% |
| VOO Vanguard S&P 500 ETF | 0.77% | 236,572 | $148.4M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.76% | 578,345 | $146.3M | No change |
| AMAT Applied Materials Inc. | 0.65% | 487,022 | $125.2M | Add +62.9% |
| XLP SS Consumer Staples Sel Sect | 0.64% | 1,579,530 | $122.7M | No change |
| V Visa Inc. Class A | 0.63% | 344,190 | $120.7M | Add +20.7% |
| NFLX Netflix Inc. | 0.62% | 1,268,170 | $118.9M | Reduce -11.9% |
| WMT Walmart Inc. | 0.61% | 1,061,556 | $118.2M | Reduce -18.4% |
| TMO Thermo Fisher Scientific Inc. | 0.60% | 200,748 | $116.3M | Add +278.3% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 622,425 | $110.6M | Add +5.0% |
| C Citigroup Inc. | 0.55% | 909,235 | $106.1M | Add +17.8% |
| COST Costco Wholesale Corp. | 0.55% | 122,513 | $105.6M | Add +4.5% |
| MU Micron Technology Inc. | 0.54% | 365,646 | $104.4M | Reduce -3.5% |
| ABBV Abbvie Inc. | 0.51% | 430,799 | $98.4M | Add +91.5% |
| GS Goldman Sachs Group Inc. | 0.50% | 110,238 | $96.9M | Reduce -22.7% |
| ORCL Oracle Corp. | 0.46% | 452,259 | $88.1M | Add +7.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 173,295 | $87.1M | Add +2.8% |
| MA Mastercard Inc. Class A | 0.45% | 150,787 | $86.1M | Add +33.5% |
| CSCO Cisco Systems Inc. | 0.44% | 1,095,833 | $84.4M | Add +4.6% |
| LRCX Lam Research Corp. | 0.39% | 441,668 | $75.6M | Reduce -0.2% |
| INTU Intuit Inc. | 0.39% | 113,486 | $75.2M | Reduce -20.5% |
| GEV GE Vernova Inc. | 0.38% | 112,599 | $73.6M | Add +193.0% |
| QCOM Qualcomm Inc. | 0.36% | 406,780 | $69.6M | Add +7.8% |
| HEI Heico Corp. | 0.35% | 210,288 | $68.0M | Add +11.8% |
| QYLD Global X Nasd 100 Cov Call | 0.35% | 3,849,837 | $68.0M | No change |
| XYLD Global X S&P 500 Cove Call E | 0.35% | 1,652,108 | $67.1M | No change |
| CDNS Cadence Design SYS Inc. | 0.35% | 213,703 | $66.8M | Add +19.1% |
| HD Home Depot Inc. | 0.34% | 192,677 | $66.3M | Reduce -25.8% |
| JNJ Johnson & Johnson | 0.34% | 319,624 | $66.1M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.34% | 546,269 | $65.7M | Reduce -0.5% |
| DE Deere & Co. | 0.32% | 132,044 | $61.5M | Add +6.4% |
| SPGI S&P Global Inc. | 0.32% | 117,192 | $61.2M | Add +1.9% |
| TXN Texas Instruments Inc. | 0.31% | 344,334 | $59.7M | Add +13.6% |
| INTC Intel Corp. | 0.31% | 1,606,587 | $59.3M | Add +2.3% |
| KLAC KLA Corp. | 0.30% | 47,433 | $57.6M | Add +2.6% |
| ROK Rockwell Automation Inc. | 0.29% | 142,792 | $55.6M | Reduce -11.7% |
| ISRG Intuitive Surgical Inc. | 0.29% | 97,758 | $55.4M | Add +4.2% |
| PEP Pepsico Inc. | 0.28% | 374,304 | $53.7M | Add +4.8% |
| PWR Quanta Services Inc. | 0.28% | 127,198 | $53.7M | Add +459.4% |
| GLDM SPDR Gold Minishares Trust | 0.27% | 618,927 | $52.8M | Add +38.5% |
| APP AppLovin Corp. Class A | 0.26% | 74,107 | $49.9M | Add +5.2% |
| ADI Analog Devices Inc. | 0.26% | 183,761 | $49.8M | Reduce -15.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 888,110 | $48.8M | Reduce -0.8% |
| AMGN Amgen Inc. | 0.25% | 146,956 | $48.1M | Add +4.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 418,174 | $47.6M | Reduce -3.3% |
| BKNG Booking Holdings Inc. | 0.24% | 8,731 | $46.8M | Add +3.7% |
| TMUS T-Mobile US Inc. | 0.24% | 224,980 | $45.7M | Add +5.3% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 144,193 | $44.4M | Reduce -3.3% |
| PG The Procter & Gamble Co. | 0.23% | 308,194 | $44.2M | Add +0.5% |
| AME Ametek Inc. | 0.22% | 208,572 | $42.8M | Add +10.4% |
| VRT Vertiv Holdings Co. Class A | 0.22% | 263,318 | $42.7M | Reduce -11.7% |
| ADBE Adobe Inc. | 0.22% | 121,533 | $42.5M | Add +4.4% |
| GILD Gilead Sciences Inc. | 0.22% | 341,422 | $41.9M | Add +4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 137,195 | $40.6M | Add +13.3% |
| ADSK Autodesk Inc. | 0.21% | 135,037 | $40.0M | Add +8.2% |
| KO The Coca-Cola Co. | 0.21% | 570,976 | $39.9M | Add +1.5% |
| CMG Chipotle Mexican Grill Inc. | 0.21% | 1,071,689 | $39.7M | Add +521.7% |
| UNH Unitedhealth Group Inc. | 0.20% | 118,127 | $39.0M | Add +0.6% |
| WFC Wells Fargo & Co. | 0.20% | 409,103 | $38.1M | Add +0.3% |
| CVX Chevron Corp. | 0.20% | 248,929 | $37.9M | Reduce -1.3% |
| MRVL Marvell Technology Inc. | 0.18% | 416,411 | $35.4M | Reduce -3.6% |
| WELL Welltower Inc. | 0.18% | 190,183 | $35.3M | Add +4.3% |
| ULTA Ulta Beauty Inc. | 0.18% | 57,964 | $35.1M | Reduce -18.5% |
| MRK Merck & Co. Inc. | 0.18% | 332,835 | $35.0M | Add +0.7% |
| CAT Caterpillar Inc. | 0.18% | 61,151 | $35.0M | Add +1.4% |
| PANW Palo Alto Networks Inc. | 0.18% | 185,634 | $34.2M | Add +8.1% |
| HON Honeywell International Inc. | 0.18% | 173,273 | $33.8M | Add +5.5% |
| TDY Teledyne Technologies Inc. | 0.17% | 64,883 | $33.1M | Add +11.0% |
| PLD Prologis Inc. | 0.17% | 258,786 | $33.0M | Add +2.3% |
| PM Philip Morris International | 0.17% | 201,705 | $32.4M | Add +1.4% |
| FAST Fastenal Co. | 0.17% | 797,939 | $32.0M | Add +8.9% |
| MSI Motorola Solutions Inc. | 0.17% | 83,493 | $32.0M | Add +7.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 68,148 | $31.9M | Add +5.1% |
| CRM Salesforce Inc. | 0.17% | 119,745 | $31.7M | Add +0.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.16% | 69,627 | $31.6M | Add +4.5% |
| RTX RTX Corp. | 0.16% | 170,799 | $31.3M | Add +1.1% |
| CMCSA Comcast Corp. Class A | 0.16% | 1,040,628 | $31.1M | Add +4.3% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.2% | 4.37% | −0.66 |
| IVV iShares Core S&P 500 ETF | Reduce -20.2% | 1.85% | −0.56 |
| NVDA Nvidia Corp. | Reduce -0.8% | 5.59% | −0.40 |
| AZO AutoZone Inc. | Reduce -67.0% | 0.13% | −0.39 |
| NFLX Netflix Inc. | Reduce -11.9% | 0.62% | −0.33 |
| AJG Arthur J Gallagher & Co. | Reduce -61.8% | 0.14% | −0.33 |
| HD Home Depot Inc. | Reduce -25.8% | 0.34% | −0.24 |
| AVGO Broadcom Inc. | Reduce -6.9% | 2.62% | −0.23 |
| XLV SS Health Care Select Sector | Reduce -11.5% | 2.51% | −0.20 |
| INTU Intuit Inc. | Reduce -20.5% | 0.39% | −0.15 |
| WMT Walmart Inc. | Reduce -18.4% | 0.61% | −0.13 |
| GS Goldman Sachs Group Inc. | Reduce -22.7% | 0.50% | −0.12 |
| APH Amphenol Corp. Class A | Reduce -15.1% | 0.80% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -8.8% | 0.78% | −0.11 |
| FFIV F5 Inc. | Reduce -66.0% | 0.04% | −0.11 |
| RSG Republic Services Inc. | Reduce -47.8% | 0.07% | −0.09 |
| DECK Deckers Outdoor Corp. | Reduce -43.4% | 0.08% | −0.07 |
| USFD US Foods Holding Corp. | Reduce -72.1% | 0.02% | −0.07 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.05 |
| ADI Analog Devices Inc. | Reduce -15.7% | 0.26% | −0.04 |
| ULTA Ulta Beauty Inc. | Reduce -18.5% | 0.18% | −0.03 |
| DUK Duke Energy Corp. | Reduce -25.9% | 0.06% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -11.7% | 0.22% | −0.03 |
| T AT&T Inc. | Reduce -1.1% | 0.12% | −0.03 |
| DIS The Walt Disney Co. | Reduce -3.3% | 0.25% | −0.03 |
| BLD Topbuild Corp. | Reduce -20.8% | 0.09% | −0.02 |
| ROK Rockwell Automation Inc. | Reduce -11.7% | 0.29% | −0.02 |
| TTD Trade Desk Inc./the Class A | Reduce -50.6% | 0.01% | −0.02 |
| CVX Chevron Corp. | Reduce -1.3% | 0.20% | −0.02 |
| CDW CDW Corp. | Reduce -49.5% | 0.01% | −0.02 |
| VMC Vulcan Materials Co. | Reduce -15.8% | 0.05% | −0.02 |
| GE General Electric | Reduce -3.3% | 0.23% | −0.02 |
| K Kellanova | Sold out | 0.00% | −0.02 |
| MRVL Marvell Technology Inc. | Reduce -3.6% | 0.18% | −0.02 |
| URI United Rentals Inc. | Reduce -0.0% | 0.06% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -48.6% | 0.02% | −0.02 |
| MO Altria Group Inc. | Reduce -0.9% | 0.06% | −0.01 |
| RKLB Rocket Lab Corp. | Sold out | 0.00% | −0.01 |
| GFS Globalfoundries Inc. | Reduce -28.5% | 0.02% | −0.01 |
| BIIB Biogen Inc. | Reduce -42.2% | 0.02% | −0.01 |
| WM Waste Management Inc. | Reduce -4.5% | 0.09% | −0.01 |
| ON On Semiconductor | Reduce -21.6% | 0.04% | −0.01 |
| DHI D.R. Horton Inc. | Reduce -4.6% | 0.03% | −0.01 |
| RRX Regal Rexnord Corp. | Reduce -21.2% | 0.02% | −0.01 |
| TTWO Take-Two Interactive Softwre | Reduce -2.3% | 0.09% | −0.01 |
| POOL Pool Corp. | Reduce -70.5% | 0.00% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -0.6% | 0.09% | −0.01 |
| OC Owens Corning | Sold out | 0.00% | −0.01 |
| LNG Cheniere Energy Inc. | Reduce -1.2% | 0.03% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -0.1% | 0.03% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| XLC SS Comm Select Sector SPDR | New | 1.03% | +1.03 |
| XLK SS Technology Select Sector | Add +83.2% | 1.49% | +0.65 |
| GOOGL Alphabet Inc. Class A | Add +7.0% | 2.52% | +0.58 |
| TMO Thermo Fisher Scientific Inc. | Add +278.3% | 0.60% | +0.46 |
| XLF SS Financial Select Sector | Add +37.5% | 1.80% | +0.43 |
| AMAT Applied Materials Inc. | Add +62.9% | 0.65% | +0.31 |
| AMD Advanced Micro Devices | Add +21.9% | 0.77% | +0.26 |
| GEV GE Vernova Inc. | Add +193.0% | 0.38% | +0.25 |
| LLY Eli Lilly & Co. | Add +5.7% | 0.86% | +0.25 |
| PWR Quanta Services Inc. | Add +459.4% | 0.28% | +0.23 |
| ABBV Abbvie Inc. | Add +91.5% | 0.51% | +0.22 |
| CMG Chipotle Mexican Grill Inc. | Add +521.7% | 0.21% | +0.17 |
| TSLA Tesla Inc. | Add +17.0% | 1.60% | +0.16 |
| C Citigroup Inc. | Add +17.8% | 0.55% | +0.12 |
| MA Mastercard Inc. Class A | Add +33.5% | 0.45% | +0.09 |
| V Visa Inc. Class A | Add +20.7% | 0.63% | +0.09 |
| GLDM SPDR Gold Minishares Trust | Add +38.5% | 0.27% | +0.09 |
| AMZN Amazon.com Inc. | Add +4.2% | 2.41% | +0.07 |
| AAPL Apple Inc. | Add +0.9% | 4.46% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +4.2% | 0.29% | +0.06 |
| STN Stantec Inc. | New | 0.06% | +0.06 |
| WDC Western Digital Corp. | Add +107.3% | 0.09% | +0.05 |
| INSM Insmed Inc. | New | 0.05% | +0.05 |
| MCHI iShares MSCI China ETF | New | 0.05% | +0.05 |
| CSCO Cisco Systems Inc. | Add +4.6% | 0.44% | +0.04 |
| CIEN Ciena Corp. | Add +56.9% | 0.07% | +0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +876.0% | 0.05% | +0.04 |
| WMB Williams Cos Inc. | Add +91.4% | 0.09% | +0.04 |
| MPWR Monolithic Power Systems Inc. | Add +54.0% | 0.12% | +0.04 |
| EWT iShares MSCI Taiwan ETF | New | 0.03% | +0.03 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +116.1% | 0.07% | +0.03 |
| AMGN Amgen Inc. | Add +4.9% | 0.25% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +5.3% | 0.10% | +0.03 |
| CMI Cummins Inc. | Add +49.9% | 0.07% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.7% | 0.18% | +0.03 |
| TER Teradyne Inc. | Add +9.2% | 0.09% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +3.6% | 0.11% | +0.03 |
| SE Sea Ltd.-ADR | Add +111.8% | 0.10% | +0.03 |
| AME Ametek Inc. | Add +10.4% | 0.22% | +0.03 |
| INDA iShares MSCI India ETF | New | 0.03% | +0.03 |
| KLAC KLA Corp. | Add +2.6% | 0.30% | +0.02 |
| CAT Caterpillar Inc. | Add +1.4% | 0.18% | +0.02 |
| XP XP Inc. Class A | New | 0.02% | +0.02 |
| MTD Mettler-Toledo International | Add +10.4% | 0.15% | +0.02 |
| IBM Intl Business Machines Corp. | Add +13.3% | 0.21% | +0.02 |
| FIX Comfort Systems USA Inc. | New | 0.02% | +0.02 |
| COHR Coherent Corp. | Add +0.3% | 0.06% | +0.02 |
| EWY iShares MSCI South Korea ETF | New | 0.02% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +4.5% | 0.16% | +0.02 |
| JNJ Johnson & Johnson | Add +0.7% | 0.34% | +0.02 |
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 |