Norinchukin Bank, The
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Norinchukin Bank, The reported 556 stock positions worth $4.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.3% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.1%) and Invesco QQQ Trust Series 1 (QQQ, 4.4%). Compared with Q3 2024, it opened 12 new positions, sold out of 8, added to 473 and reduced 71. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- TOKYO, M0
- CIK
- 0001496637
- Portfolio Value
- $4.7B (Q4 2024)
- SEC Filing
- 0000905148-25-000529 ↗ filed Feb 13, 2025
Holdings Value
Holdings 556 stocks · $4.7B
| SPY SS SPDR S&P 500 ETF Trust-US | 15.27% | 1,233,000 | $722.6M | Reduce -21.1% |
| IVV iShares Core S&P 500 ETF | 5.06% | 406,480 | $239.3M | Add +49.8% |
| QQQ Invesco QQQ Trust Series 1 | 4.44% | 411,000 | $210.1M | New |
| AAPL Apple Inc. | 3.87% | 731,659 | $183.2M | Add +7.3% |
| MSFT Microsoft Corp. | 3.80% | 427,067 | $180.0M | Add +5.5% |
| NVDA Nvidia Corp. | 3.25% | 1,146,061 | $153.9M | Add +7.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.03% | 2,076,790 | $143.2M | New |
| GOVT iShares US Treasury Bond ETF | 2.49% | 5,135,378 | $118.0M | Add +20.5% |
| AMZN Amazon.com Inc. | 2.19% | 473,052 | $103.8M | Add +8.7% |
| V Visa Inc. Class A | 1.54% | 230,009 | $72.7M | Reduce -3.8% |
| COST Costco Wholesale Corp. | 1.45% | 74,772 | $68.5M | Reduce -6.1% |
| META Meta Platforms Inc. Class A | 1.28% | 103,207 | $60.4M | Add +3.0% |
| TSLA Tesla Inc. | 1.18% | 138,655 | $56.0M | Add +6.3% |
| TXN Texas Instruments Inc. | 1.16% | 293,854 | $55.1M | Add +4.7% |
| AVGO Broadcom Inc. | 1.14% | 232,163 | $53.8M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 1.11% | 276,572 | $52.4M | Add +7.7% |
| SPGI S&P Global Inc. | 1.08% | 102,403 | $51.0M | Add +0.5% |
| VOO Vanguard S&P 500 ETF | 1.02% | 89,480 | $48.2M | Add +184.2% |
| GOOG Alphabet Inc. Class C | 0.94% | 234,364 | $44.6M | Add +4.6% |
| APH Amphenol Corp. Class A | 0.93% | 634,526 | $44.1M | Reduce -22.3% |
| SHW The Sherwin-Williams Co. | 0.80% | 111,879 | $38.0M | Add +11.2% |
| VRSK Verisk Analytics Inc. | 0.77% | 132,420 | $36.5M | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.74% | 77,365 | $35.1M | Add +6.4% |
| ZTS Zoetis Inc. | 0.73% | 212,587 | $34.6M | Add +9.0% |
| HON Honeywell International Inc. | 0.71% | 149,030 | $33.7M | Reduce -5.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.71% | 277,248 | $33.5M | Reduce -2.3% |
| EW Edwards Lifesciences Corp. | 0.70% | 448,700 | $33.2M | Add +1.5% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.70% | 188,576 | $33.1M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 0.70% | 137,301 | $32.9M | Add +7.2% |
| DE Deere & Co. | 0.70% | 77,641 | $32.9M | Reduce -9.5% |
| LIN Linde PLC | 0.66% | 74,957 | $31.4M | Add +4.2% |
| CPRT Copart Inc. | 0.62% | 509,313 | $29.2M | Reduce -15.1% |
| CHD Church & Dwight Co. Inc. | 0.58% | 260,504 | $27.3M | Reduce -2.8% |
| MKC McCormick & Co.-Non VTG SHRS | 0.57% | 353,882 | $27.0M | Add +98.9% |
| UNH Unitedhealth Group Inc. | 0.56% | 52,375 | $26.5M | Add +6.3% |
| TSCO Tractor Supply Company | 0.56% | 495,652 | $26.3M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 0.56% | 34,048 | $26.3M | Add +7.2% |
| ITW Illinois Tool Works | 0.53% | 98,527 | $25.0M | Reduce -7.0% |
| RMD Resmed Inc. | 0.52% | 107,915 | $24.7M | Add +10.6% |
| FAST Fastenal Co. | 0.50% | 332,008 | $23.9M | Reduce -11.8% |
| ROL Rollins Inc. | 0.50% | 505,525 | $23.4M | Add +2.2% |
| STE Steris PLC | 0.46% | 105,868 | $21.8M | Add +12.3% |
| HD Home Depot Inc. | 0.46% | 55,514 | $21.6M | Add +6.9% |
| NFLX Netflix Inc. | 0.44% | 23,224 | $20.7M | Add +8.1% |
| MA Mastercard Inc. Class A | 0.44% | 39,267 | $20.7M | Add +11.2% |
| PG The Procter & Gamble Co. | 0.41% | 116,760 | $19.6M | Add +8.0% |
| NKE Nike Inc. Class B | 0.41% | 253,534 | $19.2M | Reduce -1.3% |
| CRM Salesforce Inc. | 0.38% | 53,664 | $17.9M | Add +5.4% |
| WMT Walmart Inc. | 0.38% | 198,411 | $17.9M | Add +6.6% |
| JNJ Johnson & Johnson | 0.36% | 117,460 | $17.0M | Add +7.4% |
| XOM Exxon Mobil Corp. | 0.36% | 156,704 | $16.9M | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.30% | 79,816 | $14.2M | Add +9.4% |
| GS Goldman Sachs Group Inc. | 0.28% | 23,539 | $13.5M | Add +0.7% |
| CSCO Cisco Systems Inc. | 0.28% | 225,593 | $13.4M | Add +6.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 300,762 | $13.2M | Add +8.2% |
| CVX Chevron Corp. | 0.28% | 91,052 | $13.2M | Add +8.9% |
| A Agilent Technologies Inc. | 0.28% | 97,505 | $13.1M | Add +0.1% |
| SCI Service Corp. International | 0.27% | 159,505 | $12.7M | New |
| MCD McDonald's Corp. | 0.27% | 43,857 | $12.7M | Add +6.8% |
| ADBE Adobe Inc. | 0.27% | 28,449 | $12.7M | Add +10.8% |
| KO The Coca-Cola Co. | 0.26% | 196,098 | $12.2M | Add +11.1% |
| MRK Merck & Co. Inc. | 0.26% | 121,412 | $12.1M | Add +6.7% |
| ORCL Oracle Corp. | 0.25% | 70,156 | $11.7M | Add +8.3% |
| CAT Caterpillar Inc. | 0.25% | 32,006 | $11.6M | Add +3.9% |
| ACN Accenture PLC Class A | 0.24% | 32,045 | $11.3M | Add +13.4% |
| ISRG Intuitive Surgical Inc. | 0.24% | 21,566 | $11.3M | Add +6.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 50,896 | $11.2M | Add +5.4% |
| PEP Pepsico Inc. | 0.23% | 72,443 | $11.0M | Add +7.3% |
| AXP American Express Co. | 0.22% | 35,345 | $10.5M | Add +4.1% |
| NOW ServiceNow Inc. | 0.22% | 9,885 | $10.5M | Add +12.8% |
| WFC Wells Fargo & Co. | 0.22% | 148,491 | $10.4M | Add +6.7% |
| AMD Advanced Micro Devices | 0.22% | 86,171 | $10.4M | Add +7.9% |
| INTU Intuit Inc. | 0.22% | 16,464 | $10.3M | Add +12.7% |
| AMGN Amgen Inc. | 0.22% | 39,164 | $10.2M | Add +4.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 91,108 | $10.1M | Reduce -68.0% |
| BKNG Booking Holdings Inc. | 0.20% | 1,913 | $9.5M | Add +9.7% |
| QCOM Qualcomm Inc. | 0.19% | 59,239 | $9.1M | Add +7.6% |
| PLD Prologis Inc. | 0.19% | 83,876 | $8.9M | Add +4.0% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 16,899 | $8.8M | Add +8.6% |
| PM Philip Morris International | 0.18% | 71,411 | $8.6M | Add +10.3% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 50,536 | $8.4M | Add +10.9% |
| VZ Verizon Communications Inc. | 0.17% | 200,168 | $8.0M | Add +8.5% |
| CMCSA Comcast Corp. Class A | 0.17% | 210,813 | $7.9M | Add +8.4% |
| EQIX Equinix Inc. | 0.17% | 8,347 | $7.9M | Add +3.4% |
| ABT Abbott Laboratories | 0.16% | 67,666 | $7.7M | Add +2.1% |
| BA The Boeing Co. | 0.16% | 42,205 | $7.5M | Add +21.0% |
| AMAT Applied Materials Inc. | 0.16% | 45,272 | $7.4M | Add +8.9% |
| ADP Automatic Data Processing | 0.16% | 25,150 | $7.4M | Add +14.6% |
| TMUS T-Mobile US Inc. | 0.15% | 33,109 | $7.3M | Add +8.3% |
| RTX RTX Corp. | 0.15% | 62,868 | $7.3M | Add +11.8% |
| UBER Uber Technologies Inc. | 0.15% | 117,962 | $7.1M | Add +19.9% |
| MS Morgan Stanley | 0.15% | 56,272 | $7.1M | Add +9.2% |
| PLTR Palantir Technologies Inc. Class A | 0.15% | 92,834 | $7.0M | Add +27.8% |
| COP Conocophillips | 0.15% | 70,474 | $7.0M | Add +30.8% |
| T AT&T Inc. | 0.15% | 304,583 | $6.9M | Add +6.5% |
| NEE Nextera Energy Inc. | 0.15% | 96,582 | $6.9M | Add +11.5% |
| DHR Danaher Corp. | 0.15% | 30,045 | $6.9M | Add +11.1% |
| BLK BlackRock Inc. | 0.14% | 6,653 | $6.8M | Add +14.0% |
| PANW Palo Alto Networks Inc. | 0.14% | 37,426 | $6.8M | Add +12.5% |
| PFE Pfizer Inc. | 0.14% | 254,397 | $6.7M | Add +9.1% |
Portfolio Sells Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -21.1% | 15.27% | −5.91 |
| DIS The Walt Disney Co. | Reduce -68.0% | 0.21% | −0.43 |
| APH Amphenol Corp. Class A | Reduce -22.3% | 0.93% | −0.33 |
| COST Costco Wholesale Corp. | Reduce -6.1% | 1.45% | −0.22 |
| DE Deere & Co. | Reduce -9.5% | 0.70% | −0.15 |
| TSCO Tractor Supply Company | Reduce -3.0% | 0.56% | −0.15 |
| NKE Nike Inc. Class B | Reduce -1.3% | 0.41% | −0.13 |
| FAST Fastenal Co. | Reduce -11.8% | 0.50% | −0.13 |
| ITW Illinois Tool Works | Reduce -7.0% | 0.53% | −0.13 |
| CPRT Copart Inc. | Reduce -15.1% | 0.62% | −0.12 |
| JKHY Jack Henry & Associates Inc. | Reduce -1.0% | 0.70% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.36% | −0.09 |
| CHD Church & Dwight Co. Inc. | Reduce -2.8% | 0.58% | −0.09 |
| TJX TJX Companies Inc. | Reduce -2.3% | 0.71% | −0.08 |
| HON Honeywell International Inc. | Reduce -5.4% | 0.71% | −0.06 |
| CTAS Cintas Corp. | Reduce -0.8% | 0.12% | −0.03 |
| DOW Dow Inc. | Reduce -30.8% | 0.02% | −0.03 |
| MMM 3M Co. | Reduce -1.8% | 0.08% | −0.02 |
| V Visa Inc. Class A | Reduce -3.8% | 1.54% | −0.02 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| MRNA Moderna Inc. | Reduce -14.4% | 0.01% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.01 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.01 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -0.4% | 0.10% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -2.7% | 0.05% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -3.4% | 0.03% | −0.01 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −0.01 |
| LINE Lineage Inc. | Sold out | 0.00% | −0.01 |
| IRT Independence Realty Trust Inc. | Sold out | 0.00% | −0.00 |
| MLM Martin Marietta Materials | Reduce -3.1% | 0.02% | −0.00 |
| OXY Occidental Petroleum Corp. | Reduce -1.9% | 0.03% | −0.00 |
| RSG Republic Services Inc. | Reduce -2.1% | 0.03% | −0.00 |
| DLTR Dollar Tree Inc. | Reduce -22.8% | 0.01% | −0.00 |
| CUBE Cubesmart | Reduce -1.8% | 0.01% | −0.00 |
| ERIE Erie Indemnity Company Class A | Reduce -3.0% | 0.01% | −0.00 |
| REXR Rexford Industrial Realty Inc. | Reduce -1.0% | 0.01% | −0.00 |
| APLE Apple Hospitality REIT Inc. | Sold out | 0.00% | −0.00 |
| WPC WP Carey Inc. | Reduce -2.3% | 0.01% | −0.00 |
| DG Dollar General Corp. | Reduce -2.4% | 0.01% | −0.00 |
| STLD Steel Dynamics Inc. | Reduce -3.6% | 0.01% | −0.00 |
| EMN Eastman Chemical Co. | Reduce -3.5% | 0.01% | −0.00 |
| SUI Sun Communities Inc. | Reduce -0.2% | 0.01% | −0.00 |
| GLPI Gaming and Leisure Propertie | Reduce -2.3% | 0.01% | −0.00 |
| COLD Americold Realty Trust Inc. | Reduce -2.3% | 0.01% | −0.00 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.2% | 0.05% | −0.00 |
| LAMR Lamar Advertising Co. Class A | Reduce -2.3% | 0.01% | −0.00 |
| CLX Clorox Company | Reduce -3.1% | 0.02% | −0.00 |
| EGP Eastgroup Properties Inc. | Reduce -0.7% | 0.01% | −0.00 |
| NNN NNN REIT Inc. | Reduce -0.1% | 0.01% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | New | 4.44% | +4.44 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 3.03% | +3.03 |
| IVV iShares Core S&P 500 ETF | Add +49.8% | 5.06% | +1.36 |
| VOO Vanguard S&P 500 ETF | Add +184.2% | 1.02% | +0.63 |
| TSLA Tesla Inc. | Add +6.3% | 1.18% | +0.38 |
| AMZN Amazon.com Inc. | Add +8.7% | 2.19% | +0.28 |
| SCI Service Corp. International | New | 0.27% | +0.27 |
| MKC McCormick & Co.-Non VTG SHRS | Add +98.9% | 0.57% | +0.22 |
| AVGO Broadcom Inc. | Add +1.4% | 1.14% | +0.21 |
| NVDA Nvidia Corp. | Add +7.6% | 3.25% | +0.20 |
| GOVT iShares US Treasury Bond ETF | Add +20.5% | 2.49% | +0.13 |
| AAPL Apple Inc. | Add +7.3% | 3.87% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +7.7% | 1.11% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +27.8% | 0.15% | +0.08 |
| NFLX Netflix Inc. | Add +8.1% | 0.44% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +4.6% | 0.94% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +7.2% | 0.70% | +0.06 |
| APO Apollo Global Management Inc. | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | Add +5.4% | 0.38% | +0.05 |
| WDAY Workday Inc. Class A | Add +375.4% | 0.05% | +0.04 |
| NOW ServiceNow Inc. | Add +12.8% | 0.22% | +0.04 |
| WFC Wells Fargo & Co. | Add +6.7% | 0.22% | +0.03 |
| BA The Boeing Co. | Add +21.0% | 0.16% | +0.03 |
| BKNG Booking Holdings Inc. | Add +9.7% | 0.20% | +0.03 |
| MA Mastercard Inc. Class A | Add +11.2% | 0.44% | +0.03 |
| WMT Walmart Inc. | Add +6.6% | 0.38% | +0.02 |
| MS Morgan Stanley | Add +9.2% | 0.15% | +0.02 |
| APP AppLovin Corp. Class A | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | Add +8.2% | 0.28% | +0.02 |
| GEV GE Vernova Inc. | Add +9.4% | 0.09% | +0.02 |
| CSCO Cisco Systems Inc. | Add +6.8% | 0.28% | +0.02 |
| TPL Texas Pacific Land Corp. | New | 0.02% | +0.02 |
| LULU Lululemon Athletica Inc. | Add +10.9% | 0.05% | +0.02 |
| SMCI Super Micro Computer Inc. | New | 0.01% | +0.01 |
| LII Lennox International Inc. | New | 0.01% | +0.01 |
| COP Conocophillips | Add +30.8% | 0.15% | +0.01 |
| BLK BlackRock Inc. | Add +14.0% | 0.14% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +1.5% | 0.70% | +0.01 |
| ANET Arista Networks Inc. | Add +10.0% | 0.11% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +25.6% | 0.05% | +0.01 |
| ADP Automatic Data Processing | Add +14.6% | 0.16% | +0.01 |
| WBD Warner Bros Discovery Inc. | Add +25.7% | 0.04% | +0.01 |
| BX Blackstone Inc. | Add +9.8% | 0.12% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.7% | 0.28% | +0.01 |
| MSTR Strategy Inc. | New | 0.01% | +0.01 |
| C Citigroup Inc. | Add +8.9% | 0.13% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +9.4% | 0.11% | +0.01 |
| FTNT Fortinet Inc. | Add +8.5% | 0.07% | +0.01 |
| COF Capital One Financial Corp. | Add +10.4% | 0.07% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +11.7% | 0.11% | +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 |