Tokio Marine Asset Management Co. Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Tokio Marine Asset Management Co. Ltd. reported 524 stock positions worth $2.9 billion. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Apple (AAPL, 6.0%). Compared with Q3 2025, it opened 9 new positions, sold out of 20, added to 351 and reduced 62. The biggest buy was Eli Lilly (LLY, shares +3%) and the biggest sale Netflix (NFLX, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- Tokyo, M0
- CIK
- 0001504169
- Portfolio Value
- $2.9B (Q4 2025)
- SEC Filing
- 0001172661-26-000319 ↗ filed Jan 27, 2026
Holdings Value
Holdings 524 stocks · $2.9B
| NVDA Nvidia Corp. | 7.94% | 1,236,668 | $230.6M | Add +0.7% |
| MSFT Microsoft Corp. | 6.41% | 384,691 | $186.0M | Add +1.2% |
| AAPL Apple Inc. | 6.01% | 642,317 | $174.6M | Add +1.6% |
| AMZN Amazon.com Inc. | 4.07% | 512,452 | $118.3M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 3.34% | 310,036 | $97.0M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 2.96% | 274,322 | $86.1M | Reduce -4.5% |
| AVGO Broadcom Inc. | 2.24% | 187,675 | $65.0M | Add +15.6% |
| META Meta Platforms Inc. Class A | 2.05% | 90,269 | $59.6M | Add +20.9% |
| V Visa Inc. Class A | 1.86% | 154,030 | $54.0M | Add +0.1% |
| LLY Eli Lilly & Co. | 1.79% | 48,425 | $52.0M | Add +2.6% |
| MA Mastercard Inc. Class A | 1.70% | 86,660 | $49.5M | Reduce -0.7% |
| TSLA Tesla Inc. | 1.53% | 98,489 | $44.3M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 1.04% | 94,067 | $30.3M | Add +1.9% |
| COST Costco Wholesale Corp. | 1.01% | 33,928 | $29.3M | Reduce -17.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.97% | 183,920 | $28.3M | Reduce -2.5% |
| PM Philip Morris International | 0.94% | 170,341 | $27.3M | Add +5.8% |
| CRM Salesforce Inc. | 0.90% | 98,712 | $26.1M | Add +2.6% |
| CDNS Cadence Design SYS Inc. | 0.90% | 83,391 | $26.1M | Reduce -1.1% |
| WMT Walmart Inc. | 0.89% | 232,347 | $25.9M | Add +58.6% |
| NFLX Netflix Inc. | 0.84% | 261,120 | $24.5M | Reduce -15.9% |
| XOM Exxon Mobil Corp. | 0.83% | 201,322 | $24.2M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.81% | 46,592 | $23.4M | Add +4.5% |
| ORLY O'reilly Automotive Inc. | 0.79% | 251,672 | $23.0M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.76% | 66,881 | $22.1M | Reduce -21.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.69% | 65,800 | $20.0M | Reduce -4.1% |
| HDB HDFC Bank Ltd.-ADR | 0.66% | 523,300 | $19.1M | Reduce -2.7% |
| JNJ Johnson & Johnson | 0.59% | 82,804 | $17.1M | Add +2.9% |
| CPRT Copart Inc. | 0.58% | 429,539 | $16.8M | Reduce -15.6% |
| ZTS Zoetis Inc. | 0.57% | 131,618 | $16.6M | Reduce -2.6% |
| ROL Rollins Inc. | 0.55% | 268,141 | $16.1M | Add +9.7% |
| MRK Merck & Co. Inc. | 0.52% | 142,493 | $15.0M | Reduce -10.3% |
| MSCI MSCI Inc. | 0.52% | 26,138 | $15.0M | Reduce -24.1% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 79,547 | $14.1M | Add +3.7% |
| ABBV Abbvie Inc. | 0.48% | 61,485 | $14.0M | Add +4.0% |
| ANET Arista Networks Inc. | 0.48% | 106,483 | $14.0M | Add +6.3% |
| MCO Moody's Corp. | 0.48% | 27,207 | $13.9M | Add +6.4% |
| CVX Chevron Corp. | 0.46% | 87,112 | $13.3M | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 240,236 | $13.2M | Add +2.3% |
| AMD Advanced Micro Devices | 0.42% | 56,621 | $12.1M | Add +3.4% |
| AME Ametek Inc. | 0.41% | 57,485 | $11.8M | Reduce -2.6% |
| ORCL Oracle Corp. | 0.40% | 59,704 | $11.6M | Add +5.0% |
| ADBE Adobe Inc. | 0.40% | 33,035 | $11.6M | Reduce -14.6% |
| HD Home Depot Inc. | 0.40% | 33,427 | $11.5M | Add +1.6% |
| FYBR Frontier Communications Pare | 0.39% | 299,500 | $11.4M | No change |
| GE General Electric filed as GE AEROSPACE | 0.39% | 36,902 | $11.4M | Add +2.7% |
| PG The Procter & Gamble Co. | 0.39% | 78,621 | $11.3M | Add +2.4% |
| MU Micron Technology Inc. | 0.39% | 39,414 | $11.2M | Add +5.2% |
| VRSK Verisk Analytics Inc. | 0.38% | 49,054 | $11.0M | Reduce -20.3% |
| GTLS Chart Industries Inc. | 0.37% | 52,000 | $10.7M | Add +30.0% |
| PLYM Plymouth Industrial REIT Inc. | 0.36% | 483,100 | $10.6M | Add +310.8% |
| WBD Warner Bros Discovery Inc. | 0.36% | 363,983 | $10.5M | Add +304.5% |
| CSCO Cisco Systems Inc. | 0.35% | 132,232 | $10.2M | Add +1.8% |
| WFC Wells Fargo & Co. | 0.35% | 108,885 | $10.1M | Add +1.7% |
| EA Electronic Arts Inc. | 0.34% | 47,805 | $9.8M | Add +500.3% |
| KO The Coca-Cola Co. | 0.33% | 136,974 | $9.6M | Add +2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 31,915 | $9.5M | Add +3.1% |
| CAT Caterpillar Inc. | 0.32% | 16,443 | $9.4M | Add +4.7% |
| CFLT Confluent Inc. Class A | 0.32% | 310,400 | $9.4M | New |
| EXAS Exact Sciences Corp. | 0.32% | 90,900 | $9.2M | New |
| DAY Dayforce Inc. | 0.32% | 133,400 | $9.2M | New |
| GS Goldman Sachs Group Inc. | 0.32% | 10,463 | $9.2M | Add +2.0% |
| LIN Linde PLC | 0.30% | 20,428 | $8.7M | Add +0.6% |
| NEE Nextera Energy Inc. | 0.29% | 105,154 | $8.4M | Add +1.0% |
| RTX RTX Corp. | 0.29% | 45,575 | $8.4M | Add +2.2% |
| MDT Medtronic PLC | 0.28% | 84,590 | $8.1M | Reduce -1.0% |
| LRCX Lam Research Corp. | 0.26% | 44,678 | $7.6M | Add +3.6% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 12,828 | $7.4M | Add +2.5% |
| ABT Abbott Laboratories | 0.25% | 58,627 | $7.3M | Add +1.9% |
| C Citigroup Inc. | 0.25% | 62,670 | $7.3M | Add +0.2% |
| AXP American Express Co. | 0.25% | 19,615 | $7.3M | Add +1.1% |
| AMAT Applied Materials Inc. | 0.25% | 28,204 | $7.2M | Add +5.2% |
| MCD McDonald's Corp. | 0.25% | 23,641 | $7.2M | Add +2.7% |
| MS Morgan Stanley | 0.25% | 40,544 | $7.2M | Add +2.4% |
| ISRG Intuitive Surgical Inc. | 0.24% | 12,465 | $7.1M | Add +3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 60,046 | $6.8M | Add +1.6% |
| PEP Pepsico Inc. | 0.23% | 45,720 | $6.6M | Add +3.3% |
| GEV GE Vernova Inc. | 0.22% | 9,758 | $6.4M | Add +2.1% |
| INTU Intuit Inc. | 0.21% | 9,375 | $6.2M | Add +0.6% |
| QCOM Qualcomm Inc. | 0.21% | 35,985 | $6.2M | Add +1.7% |
| T AT&T Inc. | 0.21% | 241,850 | $6.0M | Add +2.3% |
| APH Amphenol Corp. Class A | 0.20% | 43,944 | $5.9M | Add +3.3% |
| COP Conocophillips | 0.20% | 63,418 | $5.9M | Add +1.3% |
| INTC Intel Corp. | 0.20% | 160,521 | $5.9M | Add +9.5% |
| AMGN Amgen Inc. | 0.20% | 18,055 | $5.9M | Reduce -1.2% |
| SCHW Schwab (charles) Corp. | 0.20% | 58,306 | $5.8M | Add +1.2% |
| BKNG Booking Holdings Inc. | 0.20% | 1,084 | $5.8M | Reduce -1.4% |
| KLAC KLA Corp. | 0.20% | 4,748 | $5.8M | Add +5.4% |
| VZ Verizon Communications Inc. | 0.20% | 140,210 | $5.7M | Add +3.4% |
| BA The Boeing Co. | 0.19% | 25,982 | $5.6M | Add +1.8% |
| CEG Constellation Energy | 0.19% | 15,843 | $5.6M | Add +0.9% |
| APP AppLovin Corp. Class A | 0.19% | 8,293 | $5.6M | Add +2.3% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 103,782 | $5.6M | Add +0.1% |
| UBER Uber Technologies Inc. | 0.19% | 67,885 | $5.5M | Add +1.9% |
| COF Capital One Financial Corp. | 0.19% | 22,790 | $5.5M | Add +1.8% |
| SPGI S&P Global Inc. | 0.19% | 10,538 | $5.5M | Add +0.7% |
| ACN Accenture PLC Class A | 0.19% | 20,479 | $5.5M | Add +1.7% |
| NOW ServiceNow Inc. | 0.19% | 35,380 | $5.4M | Add +1.1% |
| RNAM Avidity Biosciences Inc. | 0.18% | 74,300 | $5.4M | New |
| TXN Texas Instruments Inc. | 0.18% | 30,602 | $5.3M | Add +0.8% |
| BLK BlackRock Inc. | 0.18% | 4,926 | $5.3M | Add +3.0% |
Portfolio Sells Q3 2025 → Q4 2025
| NFLX Netflix Inc. | Reduce -15.9% | 0.84% | −0.48 |
| K Kellanova | Sold out | 0.00% | −0.46 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.36 |
| COST Costco Wholesale Corp. | Reduce -17.2% | 1.01% | −0.34 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.31 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.31 |
| UNH Unitedhealth Group Inc. | Reduce -21.9% | 0.76% | −0.29 |
| CPRT Copart Inc. | Reduce -15.6% | 0.58% | −0.23 |
| SPNS Sapiens International Corp. | Sold out | 0.00% | −0.22 |
| ORLY O'reilly Automotive Inc. | Reduce -2.1% | 0.79% | −0.20 |
| MSCI MSCI Inc. | Reduce -24.1% | 0.52% | −0.18 |
| VRSK Verisk Analytics Inc. | Reduce -20.3% | 0.38% | −0.17 |
| CHD Church & Dwight Co. Inc. | Reduce -74.4% | 0.05% | −0.16 |
| CDNS Cadence Design SYS Inc. | Reduce -1.1% | 0.90% | −0.16 |
| ALE Allete Inc. | Sold out | 0.00% | −0.15 |
| MET Metlife Inc. | Reduce -71.3% | 0.05% | −0.13 |
| ZTS Zoetis Inc. | Reduce -2.6% | 0.57% | −0.13 |
| ADBE Adobe Inc. | Reduce -14.6% | 0.40% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -0.7% | 1.70% | −0.06 |
| FICO Fair Isaac Corp. | Reduce -25.9% | 0.08% | −0.02 |
| EOG EOG Resources Inc. | Reduce -3.8% | 0.13% | −0.02 |
| POOL Pool Corp. | Sold out | 0.00% | −0.02 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.02 |
| OC Owens Corning | Sold out | 0.00% | −0.02 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -41.9% | 0.03% | −0.02 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.02 |
| RVTY Revvity Inc. | Sold out | 0.00% | −0.02 |
| CCK Crown Holdings Inc. | Sold out | 0.00% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -1.9% | 0.06% | −0.01 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.01 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -0.8% | 0.09% | −0.01 |
| DVA Davita Inc. | Sold out | 0.00% | −0.01 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.01 |
| TSCO Tractor Supply Company | Reduce -0.1% | 0.07% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -1.4% | 0.20% | −0.01 |
| CTAS Cintas Corp. | Reduce -1.3% | 0.08% | −0.01 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.01 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.01 |
| MDT Medtronic PLC | Reduce -1.0% | 0.28% | −0.01 |
| CARR Carrier Global Corp. | Reduce -2.2% | 0.05% | −0.01 |
| PSX Phillips 66 | Reduce -0.9% | 0.09% | −0.01 |
| ADSK Autodesk Inc. | Reduce -1.4% | 0.07% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -1.8% | 0.10% | −0.01 |
| FTNT Fortinet Inc. | Reduce -0.8% | 0.06% | −0.01 |
| CTVA Corteva Inc. | Reduce -3.7% | 0.07% | −0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -7.7% | 0.11% | −0.01 |
| PAX Patria Investments Ltd. Class A | Sold out | 0.00% | −0.01 |
| OKE Oneok Inc. | Reduce -5.2% | 0.05% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.1% | 0.09% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +2.6% | 1.79% | +0.51 |
| WMT Walmart Inc. | Add +58.6% | 0.89% | +0.35 |
| AVGO Broadcom Inc. | Add +15.6% | 2.24% | +0.33 |
| CFLT Confluent Inc. Class A | New | 0.32% | +0.32 |
| EXAS Exact Sciences Corp. | New | 0.32% | +0.32 |
| DAY Dayforce Inc. | New | 0.32% | +0.32 |
| WBD Warner Bros Discovery Inc. | Add +304.5% | 0.36% | +0.30 |
| AAPL Apple Inc. | Add +1.6% | 6.01% | +0.29 |
| EA Electronic Arts Inc. | Add +500.3% | 0.34% | +0.28 |
| PLYM Plymouth Industrial REIT Inc. | Add +310.8% | 0.36% | +0.27 |
| RNAM Avidity Biosciences Inc. | New | 0.18% | +0.18 |
| MU Micron Technology Inc. | Add +5.2% | 0.39% | +0.16 |
| SHCO Soho House & Co. Inc. | New | 0.14% | +0.14 |
| SEE Sealed Air Corp. | New | 0.14% | +0.14 |
| AMZN Amazon.com Inc. | Add +1.0% | 4.07% | +0.11 |
| AMD Advanced Micro Devices | Add +3.4% | 0.42% | +0.10 |
| META Meta Platforms Inc. Class A | Add +20.9% | 2.05% | +0.10 |
| CRM Salesforce Inc. | Add +2.6% | 0.90% | +0.09 |
| GTLS Chart Industries Inc. | Add +30.0% | 0.37% | +0.08 |
| JNJ Johnson & Johnson | Add +2.9% | 0.59% | +0.06 |
| CAT Caterpillar Inc. | Add +4.7% | 0.32% | +0.06 |
| LRCX Lam Research Corp. | Add +3.6% | 0.26% | +0.06 |
| AMAT Applied Materials Inc. | Add +5.2% | 0.25% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +3.5% | 0.24% | +0.05 |
| RKLB Rocket Lab Corp. | New | 0.05% | +0.05 |
| MCO Moody's Corp. | Add +6.4% | 0.48% | +0.05 |
| ROL Rollins Inc. | Add +9.7% | 0.55% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +2.5% | 0.26% | +0.04 |
| AMRZ Amrize Ltd. | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | Add +1.8% | 0.35% | +0.03 |
| P Everpure Inc. Class A | New | 0.03% | +0.03 |
| WFC Wells Fargo & Co. | Add +1.7% | 0.35% | +0.03 |
| INTC Intel Corp. | Add +9.5% | 0.20% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.83% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +1.0% | 0.10% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +2.0% | 0.32% | +0.03 |
| C Citigroup Inc. | Add +0.2% | 0.25% | +0.03 |
| KLAC KLA Corp. | Add +5.4% | 0.20% | +0.03 |
| BAC Bank of America Corp. | Add +2.3% | 0.45% | +0.02 |
| MS Morgan Stanley | Add +2.4% | 0.25% | +0.02 |
| RTX RTX Corp. | Add +2.2% | 0.29% | +0.02 |
| DHR Danaher Corp. | Add +2.1% | 0.17% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +2.5% | 0.10% | +0.02 |
| COF Capital One Financial Corp. | Add +1.8% | 0.19% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +4.1% | 0.15% | +0.02 |
| AXP American Express Co. | Add +1.1% | 0.25% | +0.02 |
| CMI Cummins Inc. | Add +8.0% | 0.09% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +1.1% | 0.13% | +0.02 |
| APH Amphenol Corp. Class A | Add +3.3% | 0.20% | +0.02 |
| PH Parker Hannifin Corp. | Add +1.1% | 0.13% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 632 | $3.2B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 512 | $2.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 524 | $2.9B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 535 | $2.8B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q2 2025 | 537 | $2.6B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q1 2025 | 565 | $2.8B | MSFT, AAPL, NVDA, AMZN, V |
| Q4 2024 | 572 | $2.8B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2024 | 563 | $2.3B | MSFT, NVDA, AAPL, AMZN, UNH |
| Q2 2024 | 559 | $2.1B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 562 | $2.0B | MSFT, NVDA, AAPL, AMZN, GOOGL |