Norinchukin Bank, The

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Norinchukin Bank, The reported 552 stock positions worth $4.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 21.2% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Apple (AAPL, 3.8%). Compared with Q2 2024, it opened 15 new positions, sold out of 5, added to 508 and reduced 28. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale Nike Class B (NKE, shares −32%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0001496637
Portfolio Value
$4.2B (Q3 2024)
SEC Filing
0000905148-24-003125 ↗ filed Nov 14, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $3.3B Q1 2024 Q2 2024: $3.5B Q2 2024 Q3 2024: $4.2B $4.2B Q3 2024 Q4 2024: $4.7B Q4 2024 Q1 2025: $5.4B Q1 2025 Q2 2025: $6.7B Q2 2025 Q3 2025: $7.5B Q3 2025 Q4 2025: $8.6B Q4 2025 Q1 2026: $8.6B Q1 2026 Q2 2026: $10.3B Q2 2026

Holdings 552 stocks · $4.2B
SPY SS SPDR S&P 500 ETF Trust-US 21.18% 1,563,696 $897.2M No change
MSFT Microsoft Corp. 4.11% 404,940 $174.2M Add +13.8%
AAPL Apple Inc. 3.75% 682,059 $158.9M Add +20.2%
IVV iShares Core S&P 500 ETF 3.69% 271,290 $156.5M New
NVDA Nvidia Corp. 3.05% 1,065,308 $129.4M Add +14.2%
GOVT iShares US Treasury Bond ETF 2.36% 4,261,408 $99.9M Add +18.7%
AMZN Amazon.com Inc. 1.91% 435,107 $81.1M Add +16.4%
COST Costco Wholesale Corp. 1.67% 79,631 $70.6M Add +1.5%
V Visa Inc. Class A 1.55% 239,045 $65.7M Add +11.8%
TXN Texas Instruments Inc. 1.37% 280,800 $58.0M Add +7.4%
META Meta Platforms Inc. Class A 1.35% 100,211 $57.4M Add +14.5%
APH Amphenol Corp. Class A 1.26% 816,765 $53.2M Add +20.6%
SPGI S&P Global Inc. 1.24% 101,858 $52.6M Reduce -1.4%
GOOGL Alphabet Inc. Class A 1.01% 256,727 $42.6M Add +14.7%
AVGO Broadcom Inc. 0.93% 228,883 $39.5M Add +20.6%
SHW The Sherwin-Williams Co. 0.91% 100,654 $38.4M Reduce -6.6%
ZTS Zoetis Inc. 0.90% 195,013 $38.1M Reduce -0.1%
GOOG Alphabet Inc. Class C 0.88% 224,114 $37.5M Add +11.9%
DE Deere & Co. 0.85% 85,823 $35.8M Add +8.7%
VRSK Verisk Analytics Inc. 0.83% 130,878 $35.1M Add +7.3%
LIN Linde PLC 0.81% 71,941 $34.3M Add +4.6%
TSLA Tesla Inc. 0.81% 130,487 $34.1M Add +15.7%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.79% 190,456 $33.6M Add +2.6%
BRK.B Berkshire Hathaway Inc. Class B 0.79% 72,717 $33.5M Add +15.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.79% 283,839 $33.4M Add +2.4%
HON Honeywell International Inc. 0.77% 157,585 $32.6M Add +13.3%
CPRT Copart Inc. 0.74% 599,579 $31.4M Add +14.9%
TSCO Tractor Supply Company 0.70% 102,143 $29.7M Add +43.6%
EW Edwards Lifesciences Corp. 0.69% 442,107 $29.2M Add +76.0%
UNH Unitedhealth Group Inc. 0.68% 49,274 $28.8M Add +14.4%
LLY Eli Lilly & Co. 0.66% 31,768 $28.1M Add +13.8%
CHD Church & Dwight Co. Inc. 0.66% 267,953 $28.1M Add +10.3%
ITW Illinois Tool Works 0.66% 105,898 $27.8M Add +38.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.65% 284,476 $27.4M Add +3.9%
JPM JPMorgan Chase & Co. 0.64% 128,068 $27.0M Add +14.6%
FAST Fastenal Co. 0.63% 376,534 $26.9M Add +5.3%
ROL Rollins Inc. 0.59% 494,785 $25.0M Add +5.6%
RMD Resmed Inc. 0.56% 97,602 $23.8M Reduce -11.1%
STE Steris PLC 0.54% 94,244 $22.9M Add +1.7%
NKE Nike Inc. Class B 0.54% 256,980 $22.7M Reduce -31.5%
HD Home Depot Inc. 0.50% 51,909 $21.0M Add +14.4%
XOM Exxon Mobil Corp. 0.45% 161,755 $19.0M Add +7.8%
PG The Procter & Gamble Co. 0.44% 108,077 $18.7M Add +15.2%
JNJ Johnson & Johnson 0.42% 109,411 $17.7M Add +15.0%
MA Mastercard Inc. Class A 0.41% 35,302 $17.4M Add +15.7%
VOO Vanguard S&P 500 ETF 0.39% 31,480 $16.6M New
NFLX Netflix Inc. 0.36% 21,475 $15.2M Add +15.1%
WMT Walmart Inc. 0.35% 186,097 $15.0M Add +16.2%
MKC McCormick & Co.-Non VTG SHRS 0.35% 177,943 $14.6M Reduce -6.6%
A Agilent Technologies Inc. 0.34% 97,410 $14.5M Add +6.7%
ABBV Abbvie Inc. 0.34% 72,923 $14.4M Add +16.5%
CRM Salesforce Inc. 0.33% 50,910 $13.9M Add +14.2%
ADBE Adobe Inc. 0.31% 25,664 $13.3M Add +15.8%
AMD Advanced Micro Devices 0.31% 79,844 $13.1M Add +14.9%
MRK Merck & Co. Inc. 0.31% 113,846 $12.9M Add +14.7%
KO The Coca-Cola Co. 0.30% 176,497 $12.7M Add +17.8%
MCD McDonald's Corp. 0.30% 41,059 $12.5M Add +14.2%
CVX Chevron Corp. 0.29% 83,610 $12.3M Add +16.3%
AMGN Amgen Inc. 0.28% 37,458 $12.1M Add +12.6%
CAT Caterpillar Inc. 0.28% 30,802 $12.0M Add +12.2%
GS Goldman Sachs Group Inc. 0.27% 23,387 $11.6M Add +9.4%
PEP Pepsico Inc. 0.27% 67,514 $11.5M Add +14.5%
CSCO Cisco Systems Inc. 0.27% 211,252 $11.2M Add +14.4%
ORCL Oracle Corp. 0.26% 64,795 $11.0M Add +15.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 277,989 $11.0M Add +15.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 48,271 $10.7M Add +13.7%
PLD Prologis Inc. 0.24% 80,648 $10.2M Add +7.2%
ACN Accenture PLC Class A 0.24% 28,269 $10.0M Add +16.3%
ISRG Intuitive Surgical Inc. 0.24% 20,307 $10.0M Add +12.7%
TMO Thermo Fisher Scientific Inc. 0.23% 15,561 $9.6M Add +15.7%
QCOM Qualcomm Inc. 0.22% 55,047 $9.4M Add +14.6%
AXP American Express Co. 0.22% 33,952 $9.2M Add +12.2%
INTU Intuit Inc. 0.21% 14,612 $9.1M Add +18.2%
GE General Electric filed as GE AEROSPACE 0.20% 45,583 $8.6M Add +16.6%
AMAT Applied Materials Inc. 0.20% 41,555 $8.4M Add +15.4%
VZ Verizon Communications Inc. 0.20% 184,468 $8.3M Add +15.8%
CMCSA Comcast Corp. Class A 0.19% 194,482 $8.1M Add +14.6%
WFC Wells Fargo & Co. 0.19% 139,185 $7.9M Add +13.3%
PM Philip Morris International 0.19% 64,745 $7.9M Add +17.1%
NOW ServiceNow Inc. 0.18% 8,760 $7.8M Add +18.6%
ABT Abbott Laboratories 0.18% 66,264 $7.6M Add +11.5%
DHR Danaher Corp. 0.18% 27,043 $7.5M Add +13.9%
UBER Uber Technologies Inc. 0.17% 98,405 $7.4M Add +25.0%
BKNG Booking Holdings Inc. 0.17% 1,744 $7.3M Add +17.3%
NEE Nextera Energy Inc. 0.17% 86,652 $7.3M Add +17.8%
EQIX Equinix Inc. 0.17% 8,073 $7.2M Add +6.0%
RTX RTX Corp. 0.16% 56,258 $6.8M Add +18.0%
PFE Pfizer Inc. 0.16% 233,114 $6.7M Add +16.3%
CTAS Cintas Corp. 0.16% 32,392 $6.7M Add +95.1%
LOW Lowe's Cos Inc. 0.15% 23,813 $6.4M Add +16.9%
WELL Welltower Inc. 0.15% 49,302 $6.3M Add +2.5%
TMUS T-Mobile US Inc. 0.15% 30,574 $6.3M Add +11.4%
T AT&T Inc. 0.15% 286,013 $6.3M Add +14.4%
PGR Progressive Corp. 0.14% 24,181 $6.1M Add +16.5%
ADP Automatic Data Processing 0.14% 21,952 $6.1M Add +19.7%
VRTX Vertex Pharmaceuticals Inc. 0.14% 12,851 $6.0M Add +15.4%
PANW Palo Alto Networks Inc. 0.13% 16,629 $5.7M Add +17.4%
UNP Union Pacific Corp. 0.13% 23,042 $5.7M Add +11.1%
COP Conocophillips 0.13% 53,885 $5.7M Add +22.9%
REGN Regeneron Pharmaceuticals 0.13% 5,335 $5.6M Add +15.9%

Show all 552 holdings

Portfolio Sells Q2 2024 → Q3 2024
NKE Nike Inc. Class B Reduce -31.5% 0.54% −0.27
SPGI S&P Global Inc. Reduce -1.4% 1.24% −0.07
ZTS Zoetis Inc. Reduce -0.1% 0.90% −0.07
SMCI Super Micro Computer Inc. Sold out 0.00% −0.04
MKC McCormick & Co.-Non VTG SHRS Reduce -6.6% 0.35% −0.04
RMD Resmed Inc. Reduce -11.1% 0.56% −0.04
WRK Westrock Co. Sold out 0.00% −0.01
SHW The Sherwin-Williams Co. Reduce -6.6% 0.91% −0.01
AAL American Airlines Group Inc. Sold out 0.00% −0.01
ETSY Etsy Inc. Sold out 0.00% −0.01
GFS Globalfoundries Inc. Sold out 0.00% −0.01
WBA Walgreens Boots Alliance Inc. Reduce -6.5% 0.01% −0.00
AMH American Homes 4 Rent- A Reduce -3.2% 0.01% −0.00
SUI Sun Communities Inc. Reduce -6.6% 0.02% −0.00
ELS Equity Lifestyle Properties Reduce -0.9% 0.01% −0.00
WPC WP Carey Inc. Reduce -0.9% 0.01% −0.00
HR Healthcare Realty Trust Inc. Reduce -5.0% 0.01% −0.00
COLD Americold Realty Trust Inc. Reduce -2.9% 0.01% −0.00
STAG Stag Industrial Inc. Reduce -0.9% 0.01% −0.00
REXR Rexford Industrial Realty Inc. Reduce -0.3% 0.01% −0.00
RHP Ryman Hospitality Properties Reduce -0.9% 0.01% −0.00
APLE Apple Hospitality REIT Inc. Reduce -1.5% 0.00% −0.00
NNN NNN REIT Inc. Reduce -0.8% 0.01% −0.00
IRT Independence Realty Trust Inc. Reduce -0.9% 0.00% −0.00
TRNO Terreno Realty Corp. Reduce -0.4% 0.01% −0.00
CUBE Cubesmart Reduce -0.9% 0.01% −0.00
FR First Industrial Realty TR Reduce -1.0% 0.01% −0.00
LXP LXP Industrial Trust Reduce -0.9% 0.00% −0.00
KRG Kite Realty Group Trust Reduce -0.9% 0.01% −0.00
BRX Brixmor Property Group Inc. Reduce -0.9% 0.01% −0.00
ADC Agree Realty Corp. Reduce -0.9% 0.01% 0.00
EPRT Essential Properties Realty Reduce -0.9% 0.01% +0.00
MPT Medical Properties Trust Inc. Reduce -1.0% 0.00% +0.00

Portfolio Buys Q2 2024 → Q3 2024
IVV iShares Core S&P 500 ETF New 3.69% +3.69
VOO Vanguard S&P 500 ETF New 0.39% +0.39
AAPL Apple Inc. Add +20.2% 3.75% +0.34
TSLA Tesla Inc. Add +15.7% 0.81% +0.17
TSCO Tractor Supply Company Add +43.6% 0.70% +0.15
ITW Illinois Tool Works Add +38.5% 0.66% +0.14
META Meta Platforms Inc. Class A Add +14.5% 1.35% +0.09
CTAS Cintas Corp. Add +95.1% 0.16% +0.07
PLTR Palantir Technologies Inc. Class A New 0.06% +0.06
AVGO Broadcom Inc. Add +20.6% 0.93% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +15.6% 0.79% +0.06
UNH Unitedhealth Group Inc. Add +14.4% 0.68% +0.05
HD Home Depot Inc. Add +14.4% 0.50% +0.05
WMT Walmart Inc. Add +16.2% 0.35% +0.05
GOVT iShares US Treasury Bond ETF Add +18.7% 2.36% +0.04
IBM Intl Business Machines Corp. Add +13.7% 0.25% +0.04
ORCL Oracle Corp. Add +15.6% 0.26% +0.03
MCD McDonald's Corp. Add +14.2% 0.30% +0.03
ABBV Abbvie Inc. Add +16.5% 0.34% +0.03
DELL Dell Technologies -C New 0.03% +0.03
MA Mastercard Inc. Class A Add +15.7% 0.41% +0.03
KO The Coca-Cola Co. Add +17.8% 0.30% +0.03
EW Edwards Lifesciences Corp. Add +76.0% 0.69% +0.03
PM Philip Morris International Add +17.1% 0.19% +0.03
GE General Electric Add +16.6% 0.20% +0.03
ACN Accenture PLC Class A Add +16.3% 0.24% +0.03
NEE Nextera Energy Inc. Add +17.8% 0.17% +0.02
RTX RTX Corp. Add +18.0% 0.16% +0.02
LOW Lowe's Cos Inc. Add +16.9% 0.15% +0.02
CAT Caterpillar Inc. Add +12.2% 0.28% +0.02
LMT Lockheed Martin Corp. Add +17.8% 0.13% +0.02
PGR Progressive Corp. Add +16.5% 0.14% +0.02
JNJ Johnson & Johnson Add +15.0% 0.42% +0.02
SW Smurfit Westrock PLC New 0.02% +0.02
GEV GE Vernova Inc. Add +16.6% 0.07% +0.02
SBUX Starbucks Corp. Add +14.6% 0.13% +0.02
PYPL PayPal Holdings Inc. Add +13.6% 0.09% +0.02
NOW ServiceNow Inc. Add +18.6% 0.18% +0.02
BLK BlackRock Finance Inc. Add +17.1% 0.13% +0.02
BMY Bristol-Myers Squibb Co. Add +18.1% 0.10% +0.02
ADP Automatic Data Processing Add +19.7% 0.14% +0.02
CEG Constellation Energy Add +15.0% 0.10% +0.02
BX Blackstone Inc. Add +17.4% 0.11% +0.02
GILD Gilead Sciences Inc. Add +15.6% 0.12% +0.02
SPSC SPS Commerce Inc. New 0.02% +0.02
AXP American Express Co. Add +12.2% 0.22% +0.02
MMM 3M Co. Add +8.7% 0.10% +0.02
CSCO Cisco Systems Inc. Add +14.4% 0.27% +0.01
TMO Thermo Fisher Scientific Inc. Add +15.7% 0.23% +0.01
NEM Newmont Corp. Add +20.3% 0.06% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 567$10.3BSPY, IVV, VOO, VTI, ITOT
Q1 2026 560$8.6BSPY, VOO, ITOT, NVDA, IVV
Q4 2025 564$8.6BSPY, ITOT, NVDA, QQQ, IVV
Q3 2025 567$7.5BSPY, ITOT, NVDA, QQQ, IVV
Q2 2025 567$6.7BSPY, ITOT, QQQ, MSFT, IVV
Q1 2025 560$5.4BSPY, IVV, QQQ, SPYM, AAPL
Q4 2024 556$4.7BSPY, IVV, QQQ, AAPL, MSFT
Q3 2024 552$4.2BSPY, MSFT, AAPL, IVV, NVDA
Q2 2024 542$3.5BSPY, MSFT, AAPL, NVDA, GOVT
Q1 2024 550$3.3BSPY, MSFT, AAPL, NVDA, AMZN