Norinchukin Bank, The
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Norinchukin Bank, The reported 542 stock positions worth $3.5 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 24.3% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Apple (AAPL, 3.4%). Compared with Q1 2024, it opened 4 new positions, sold out of 14, added to 393 and reduced 143. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale MSCI (MSCI, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001496637
- Portfolio Value
- $3.5B (Q2 2024)
- SEC Filing
- 0000905148-24-002200 ↗ filed Aug 14, 2024
Holdings Value
Holdings 542 stocks · $3.5B
| SPY SS SPDR S&P 500 ETF Trust-US | 24.30% | 1,563,696 | $851.0M | No change |
| MSFT Microsoft Corp. | 4.54% | 355,758 | $159.0M | Add +1.0% |
| AAPL Apple Inc. | 3.41% | 567,306 | $119.5M | Add +0.7% |
| NVDA Nvidia Corp. | 3.29% | 932,850 | $115.2M | Add +1.4% |
| GOVT iShares US Treasury Bond ETF | 2.31% | 3,591,271 | $81.1M | Add +35.5% |
| AMZN Amazon.com Inc. | 2.06% | 373,727 | $72.2M | Add +2.5% |
| COST Costco Wholesale Corp. | 1.90% | 78,439 | $66.7M | Reduce -9.6% |
| V Visa Inc. Class A | 1.60% | 213,768 | $56.1M | Add +4.4% |
| TXN Texas Instruments Inc. | 1.45% | 261,542 | $50.9M | Reduce -10.4% |
| SPGI S&P Global Inc. | 1.32% | 103,330 | $46.1M | Add +2.3% |
| APH Amphenol Corp. Class A | 1.30% | 677,374 | $45.6M | Reduce -19.1% |
| META Meta Platforms Inc. Class A | 1.26% | 87,499 | $44.1M | Add +1.5% |
| GOOGL Alphabet Inc. Class A | 1.16% | 223,886 | $40.8M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 1.05% | 200,242 | $36.7M | Add +0.5% |
| ZTS Zoetis Inc. | 0.97% | 195,109 | $33.8M | Add +24.0% |
| VRSK Verisk Analytics Inc. | 0.94% | 122,016 | $32.9M | Add +13.3% |
| SHW The Sherwin-Williams Co. | 0.92% | 107,784 | $32.2M | Add +12.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.88% | 185,646 | $30.8M | Add +8.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.87% | 277,109 | $30.5M | Reduce -3.3% |
| AVGO Broadcom Inc. | 0.87% | 18,978 | $30.5M | Add +1.0% |
| LIN Linde PLC | 0.86% | 68,754 | $30.2M | Add +118.2% |
| HON Honeywell International Inc. | 0.85% | 139,052 | $29.7M | Reduce -4.6% |
| DE Deere & Co. | 0.84% | 78,948 | $29.5M | Add +18.1% |
| NKE Nike Inc. Class B | 0.81% | 375,379 | $28.3M | Add +2.0% |
| CPRT Copart Inc. | 0.81% | 521,659 | $28.3M | Add +5.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.78% | 273,824 | $27.2M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 62,881 | $25.6M | Add +6.9% |
| LLY Eli Lilly & Co. | 0.72% | 27,922 | $25.3M | Add +1.0% |
| CHD Church & Dwight Co. Inc. | 0.72% | 242,888 | $25.2M | Reduce -3.9% |
| EW Edwards Lifesciences Corp. | 0.66% | 251,204 | $23.2M | Add +5.9% |
| ROL Rollins Inc. | 0.65% | 468,376 | $22.9M | Reduce -5.2% |
| JPM JPMorgan Chase & Co. | 0.65% | 111,773 | $22.6M | Add +1.0% |
| FAST Fastenal Co. | 0.64% | 357,554 | $22.5M | Add +10.3% |
| TSLA Tesla Inc. | 0.64% | 112,810 | $22.3M | Add +2.6% |
| UNH Unitedhealth Group Inc. | 0.63% | 43,071 | $21.9M | Reduce -0.2% |
| RMD Resmed Inc. | 0.60% | 109,817 | $21.0M | Add +3.6% |
| STE Steris PLC | 0.58% | 92,692 | $20.3M | Add +8.2% |
| TSCO Tractor Supply Company | 0.55% | 71,120 | $19.2M | Add +37.8% |
| ITW Illinois Tool Works | 0.52% | 76,445 | $18.1M | Add +6.8% |
| XOM Exxon Mobil Corp. | 0.49% | 150,110 | $17.3M | Add +15.6% |
| HD Home Depot Inc. | 0.45% | 45,357 | $15.6M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.44% | 93,806 | $15.5M | Add +1.8% |
| JNJ Johnson & Johnson | 0.40% | 95,141 | $13.9M | Add +0.7% |
| MKC McCormick & Co.-Non VTG SHRS | 0.39% | 190,446 | $13.5M | Add +10.1% |
| MA Mastercard Inc. Class A | 0.38% | 30,512 | $13.5M | Reduce -1.4% |
| NFLX Netflix Inc. | 0.36% | 18,661 | $12.6M | Add +1.5% |
| ADBE Adobe Inc. | 0.35% | 22,158 | $12.3M | Add +1.9% |
| MRK Merck & Co. Inc. | 0.35% | 99,287 | $12.3M | Add +0.4% |
| A Agilent Technologies Inc. | 0.34% | 91,305 | $11.8M | Add +5.2% |
| CRM Salesforce Inc. | 0.33% | 44,578 | $11.5M | Add +1.8% |
| AMD Advanced Micro Devices | 0.32% | 69,476 | $11.3M | Add +2.4% |
| CVX Chevron Corp. | 0.32% | 71,914 | $11.2M | Reduce -0.0% |
| WMT Walmart Inc. | 0.31% | 160,111 | $10.8M | Add +0.8% |
| ABBV Abbvie Inc. | 0.31% | 62,576 | $10.7M | Add +1.2% |
| AMGN Amgen Inc. | 0.30% | 33,255 | $10.4M | Reduce -1.2% |
| PEP Pepsico Inc. | 0.28% | 58,984 | $9.7M | Add +1.1% |
| GS Goldman Sachs Group Inc. | 0.28% | 21,381 | $9.7M | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 240,788 | $9.6M | Add +0.9% |
| QCOM Qualcomm Inc. | 0.27% | 48,030 | $9.6M | Add +0.8% |
| KO The Coca-Cola Co. | 0.27% | 149,861 | $9.5M | Add +0.4% |
| MCD McDonald's Corp. | 0.26% | 35,940 | $9.2M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.26% | 27,465 | $9.1M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.25% | 184,702 | $8.8M | Add +0.7% |
| AMAT Applied Materials Inc. | 0.24% | 36,008 | $8.5M | Add +1.2% |
| PLD Prologis Inc. | 0.24% | 75,267 | $8.5M | Reduce -1.7% |
| INTU Intuit Inc. | 0.23% | 12,362 | $8.1M | Add +1.3% |
| ISRG Intuitive Surgical Inc. | 0.23% | 18,022 | $8.0M | Reduce -3.1% |
| ORCL Oracle Corp. | 0.23% | 56,039 | $7.9M | Add +2.6% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 13,448 | $7.4M | Add +0.1% |
| ACN Accenture PLC Class A | 0.21% | 24,311 | $7.4M | Add +1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 42,474 | $7.3M | Add +0.7% |
| WFC Wells Fargo & Co. | 0.21% | 122,850 | $7.3M | Reduce -1.5% |
| AXP American Express Co. | 0.20% | 30,260 | $7.0M | Reduce -1.9% |
| CMCSA Comcast Corp. Class A | 0.19% | 169,761 | $6.6M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.19% | 159,262 | $6.6M | Add +1.6% |
| MU Micron Technology Inc. | 0.18% | 47,263 | $6.2M | Add +1.6% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 39,089 | $6.2M | Add +2.8% |
| ABT Abbott Laboratories | 0.18% | 59,422 | $6.2M | Add +2.0% |
| LRCX Lam Research Corp. | 0.17% | 5,677 | $6.0M | Add +0.9% |
| INTC Intel Corp. | 0.17% | 192,701 | $6.0M | Add +1.7% |
| DHR Danaher Corp. | 0.17% | 23,736 | $5.9M | Add +8.7% |
| BKNG Booking Holdings Inc. | 0.17% | 1,487 | $5.9M | Reduce -3.9% |
| NOW ServiceNow Inc. | 0.17% | 7,386 | $5.8M | Add +3.5% |
| EQIX Equinix Inc. | 0.16% | 7,618 | $5.8M | Add +0.2% |
| UBER Uber Technologies Inc. | 0.16% | 78,726 | $5.7M | Add +18.0% |
| PFE Pfizer Inc. | 0.16% | 200,462 | $5.6M | Add +2.0% |
| PM Philip Morris International | 0.16% | 55,301 | $5.6M | Add +1.4% |
| BA The Boeing Co. | 0.16% | 30,580 | $5.6M | Reduce -0.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 11,135 | $5.2M | Add +0.0% |
| NEE Nextera Energy Inc. | 0.15% | 73,570 | $5.2M | Add +1.7% |
| SNPS Synopsys Inc. | 0.15% | 8,739 | $5.2M | Add +2.2% |
| WELL Welltower Inc. | 0.14% | 48,105 | $5.0M | Add +7.1% |
| COP Conocophillips | 0.14% | 43,825 | $5.0M | Add +3.4% |
| ADI Analog Devices Inc. | 0.14% | 21,212 | $4.8M | Add +0.4% |
| REGN Regeneron Pharmaceuticals | 0.14% | 4,603 | $4.8M | Add +0.7% |
| TMUS T-Mobile US Inc. | 0.14% | 27,453 | $4.8M | Reduce -1.3% |
| PANW Palo Alto Networks Inc. | 0.14% | 14,159 | $4.8M | Add +10.2% |
| KLAC KLA Corp. | 0.14% | 5,807 | $4.8M | Add +0.8% |
| RTX RTX Corp. | 0.14% | 47,682 | $4.8M | Add +0.8% |
| T AT&T Inc. | 0.14% | 250,035 | $4.8M | Add +0.9% |
Portfolio Sells Q1 2024 → Q2 2024
| MSCI MSCI Inc. | Reduce -81.2% | 0.05% | −0.28 |
| EMR Emerson Electric Co. | Reduce -71.1% | 0.06% | −0.17 |
| APH Amphenol Corp. Class A | Reduce -19.1% | 1.30% | −0.14 |
| CHD Church & Dwight Co. Inc. | Reduce -3.9% | 0.72% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -10.4% | 1.45% | −0.07 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.4% | 0.38% | −0.06 |
| PLD Prologis Inc. | Reduce -1.7% | 0.24% | −0.06 |
| CAT Caterpillar Inc. | Reduce -2.8% | 0.26% | −0.05 |
| HON Honeywell International Inc. | Reduce -4.6% | 0.85% | −0.05 |
| MCD McDonald's Corp. | Reduce -0.5% | 0.26% | −0.04 |
| ROL Rollins Inc. | Reduce -5.2% | 0.65% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -0.3% | 0.19% | −0.03 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.03 |
| TRV The Travelers Cos Inc. | Reduce -2.4% | 0.11% | −0.02 |
| CVX Chevron Corp. | Reduce -0.0% | 0.32% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.8% | 0.08% | −0.02 |
| BA The Boeing Co. | Reduce -0.3% | 0.16% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -9.0% | 0.06% | −0.02 |
| CSX CSX Corp. | Reduce -5.3% | 0.08% | −0.02 |
| CI The Cigna Group | Reduce -0.8% | 0.10% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -0.7% | 0.11% | −0.01 |
| VRSN Verisign Inc. | Reduce -38.7% | 0.02% | −0.01 |
| MNST Monster Beverage Corp. | Reduce -1.4% | 0.05% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.63% | −0.01 |
| GPN Global Payments Inc. | Reduce -1.1% | 0.03% | −0.01 |
| WM Waste Management Inc. | Reduce -5.9% | 0.10% | −0.01 |
| DOW Dow Inc. | Reduce -5.6% | 0.05% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -1.2% | 0.11% | −0.01 |
| CME Cme Group Inc. | Reduce -0.1% | 0.07% | −0.01 |
| AXP American Express Co. | Reduce -1.9% | 0.20% | −0.01 |
| VLO Valero Energy Corp. | Reduce -2.8% | 0.05% | −0.01 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.01 |
| PSA Public Storage | Reduce -2.0% | 0.11% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.5% | 0.21% | −0.01 |
| DG Dollar General Corp. | Reduce -4.2% | 0.03% | −0.01 |
| MAR Marriott International Class A | Reduce -1.1% | 0.07% | −0.01 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −0.01 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −0.01 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.01 |
| ARE Alexandria Real Estate Equit | Reduce -0.8% | 0.04% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.8% | 0.02% | −0.01 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −0.01 |
| AIG American International Group | Reduce -2.5% | 0.05% | −0.01 |
| HST Host Hotels & Resorts Inc. | Reduce -1.4% | 0.03% | −0.01 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.01 |
| VNO Vornado Realty Trust | Sold out | 0.00% | −0.01 |
| VICI Vici Properties Inc. | Reduce -0.1% | 0.07% | −0.01 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -0.6% | 0.06% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +1.4% | 3.29% | +0.80 |
| AAPL Apple Inc. | Add +0.7% | 3.41% | +0.52 |
| GOVT iShares US Treasury Bond ETF | Add +35.5% | 2.31% | +0.51 |
| LIN Linde PLC | Add +118.2% | 0.86% | +0.42 |
| VRSK Verisk Analytics Inc. | Add +13.3% | 0.94% | +0.18 |
| ZTS Zoetis Inc. | Add +24.0% | 0.97% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 1.16% | +0.17 |
| TSCO Tractor Supply Company | Add +37.8% | 0.55% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 1.05% | +0.14 |
| AVGO Broadcom Inc. | Add +1.0% | 0.87% | +0.12 |
| MSFT Microsoft Corp. | Add +1.0% | 4.54% | +0.10 |
| AMZN Amazon.com Inc. | Add +2.5% | 2.06% | +0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +387.8% | 0.10% | +0.09 |
| LLY Eli Lilly & Co. | Add +1.0% | 0.72% | +0.08 |
| KKR KKR & Co. Inc. | New | 0.07% | +0.07 |
| TSLA Tesla Inc. | Add +2.6% | 0.64% | +0.06 |
| XOM Exxon Mobil Corp. | Add +15.6% | 0.49% | +0.04 |
| QCOM Qualcomm Inc. | Add +0.8% | 0.27% | +0.03 |
| SPGI S&P Global Inc. | Add +2.3% | 1.32% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +10.2% | 0.14% | +0.03 |
| VST Vistra Corp. | New | 0.03% | +0.03 |
| NFLX Netflix Inc. | Add +1.5% | 0.36% | +0.03 |
| WMT Walmart Inc. | Add +0.8% | 0.31% | +0.02 |
| AMAT Applied Materials Inc. | Add +1.2% | 0.24% | +0.02 |
| ADBE Adobe Inc. | Add +1.9% | 0.35% | +0.02 |
| ECL Ecolab Inc. | Add +33.3% | 0.09% | +0.02 |
| ORCL Oracle Corp. | Add +2.6% | 0.23% | +0.02 |
| DE Deere & Co. | Add +18.1% | 0.84% | +0.02 |
| GDDY GoDaddy Inc. Class A | New | 0.02% | +0.02 |
| WELL Welltower Inc. | Add +7.1% | 0.14% | +0.02 |
| KLAC KLA Corp. | Add +0.8% | 0.14% | +0.02 |
| ANET Arista Networks Inc. | Add +4.0% | 0.09% | +0.01 |
| MU Micron Technology Inc. | Add +1.6% | 0.18% | +0.01 |
| ADI Analog Devices Inc. | Add +0.4% | 0.14% | +0.01 |
| PM Philip Morris International | Add +1.4% | 0.16% | +0.01 |
| BSX Boston Scientific Corp. | Add +2.6% | 0.11% | +0.01 |
| NEE Nextera Energy Inc. | Add +1.7% | 0.15% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.0% | 0.15% | +0.01 |
| UBER Uber Technologies Inc. | Add +18.0% | 0.16% | +0.01 |
| LRCX Lam Research Corp. | Add +0.9% | 0.17% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +6.5% | 0.11% | +0.01 |
| NEM Newmont Corp. | Add +4.4% | 0.05% | +0.01 |
| MPWR Monolithic Power Systems Inc. | Add +4.2% | 0.04% | +0.01 |
| META Meta Platforms Inc. Class A | Add +1.5% | 1.26% | +0.01 |
| REGN Regeneron Pharmaceuticals | Add +0.7% | 0.14% | +0.01 |
| EPRT Essential Properties Realty | New | 0.01% | +0.01 |
| DHR Danaher Corp. | Add +8.7% | 0.17% | +0.01 |
| T AT&T Inc. | Add +0.9% | 0.14% | +0.01 |
| TER Teradyne Inc. | Add +3.3% | 0.02% | +0.01 |
| CMG Chipotle Mexican Grill Inc. | Add +3.4% | 0.09% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 567 | $10.3B | SPY, IVV, VOO, VTI, ITOT |
| Q1 2026 | 560 | $8.6B | SPY, VOO, ITOT, NVDA, IVV |
| Q4 2025 | 564 | $8.6B | SPY, ITOT, NVDA, QQQ, IVV |
| Q3 2025 | 567 | $7.5B | SPY, ITOT, NVDA, QQQ, IVV |
| Q2 2025 | 567 | $6.7B | SPY, ITOT, QQQ, MSFT, IVV |
| Q1 2025 | 560 | $5.4B | SPY, IVV, QQQ, SPYM, AAPL |
| Q4 2024 | 556 | $4.7B | SPY, IVV, QQQ, AAPL, MSFT |
| Q3 2024 | 552 | $4.2B | SPY, MSFT, AAPL, IVV, NVDA |
| Q2 2024 | 542 | $3.5B | SPY, MSFT, AAPL, NVDA, GOVT |
| Q1 2024 | 550 | $3.3B | SPY, MSFT, AAPL, NVDA, AMZN |