Norinchukin Bank, The
CIK 1496637 · View on SEC EDGAR ↗
- Portfolio value
- $9.6B
- Positions
- 567
- As of
- June 30, 2026
#499 of 9,443 by 13F value · top 5.3%
Portfolio value QoQ: +13.0% 13F does not disclose cash
- Top 10 holdings weight
- 40.69%
- Top 25 holdings weight
- 62.84%
- Positions above 1%
- 22
- Effective number of positions
- 40.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 6.04% Est. buys $544,605,004 · sells $652,155,643
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 91.7% still held
- New positions
- 20
- Increased
- 276
- Decreased
- 261
- Closed
- 13
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
20.0%
Industrials
6.1%
Health Care
5.0%
Retail
4.9%
Communication Services
4.7%
Financial Services
3.7%
Consumer Discretionary
2.1%
Financials
2.1%
Energy
1.3%
Real Estate
1.3%
Materials
1.2%
Consumer Staples
1.0%
Utilities
1.0%
Communications
0.8%
Consumer products
0.7%
Diversified Consumer Services
0.3%
Telecommunication
0.3%
Logistics & Transportation
0.1%
Packaging
0.1%
Other/Unmapped
43.5%
Full portfolio 567 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $920,767,410 | 9.63% | 1,233,000 | $118,898,190 | |||
| ITOT | $369,042,411 | 3.86% | 2,246,560 | $49,064,870 | |||
| NVDA NVIDIA Corporation - Common Stock | $366,581,087 | 3.83% | 1,832,081 | $48,974,794 | Up ×6 | ||
| IVV | $336,236,632 | 3.52% | 448,980 | $24,537,884 | Down ×1 | ||
| BBUS | $331,276,480 | 3.46% | 2,459,000 | $43,130,860 | |||
| QQQM Invesco NASDAQ 100 ETF | $327,207,600 | 3.42% | 1,080,000 | $131,646,340 | Up ×4 | ||
| AAPL Apple Inc. - Common Stock | $317,497,366 | 3.32% | 1,097,240 | $41,672,557 | Up ×3 | ||
| VTI | $314,719,020 | 3.29% | 850,500 | $41,870,115 | |||
| SPYM | $308,570,408 | 3.23% | 3,511,270 | $39,817,802 | |||
| SCHX | $299,597,400 | 3.13% | 10,180,000 | $38,582,200 | |||
| VOO | $249,023,570 | 2.60% | 362,580 | $-189,028,384 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $200,941,398 | 2.10% | 538,688 | $-23,625,194 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $198,650,432 | 2.08% | 833,475 | $19,632,370 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $191,464,000 | 2.00% | 260,000 | $-107,515,240 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $152,252,485 | 1.59% | 426,036 | $31,307,049 | Up ×6 | ||
| GOVT | $147,945,940 | 1.55% | 6,494,554 | $6,858,141 | Up ×1 | ||
| ONEQ Fidelity Nasdaq Composite Index ETF | $133,979,560 | 1.40% | 1,298,000 | Up ×1 | |||
| AVGO Broadcom Inc. - Common Stock | $132,156,971 | 1.38% | 349,853 | $24,964,682 | Up ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $123,448,555 | 1.29% | 349,386 | $23,585,131 | Up ×3 | ||
| MU Micron Technology, Inc. - Common Stock | $121,553,663 | 1.27% | 105,306 | $87,205,808 | Up ×6 | ||
| VV | $103,173,000 | 1.08% | 300,000 | $13,518,000 | |||
| TSLA Tesla, Inc. - Common Stock | $100,195,332 | 1.05% | 238,220 | $12,553,039 | Up ×6 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $94,758,897 | 0.99% | 168,224 | $-173,490 | Up ×6 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $91,391,085 | 0.96% | 157,324 | $59,896,866 | Up ×6 | ||
| V Visa Inc. | $76,512,158 | 0.80% | 223,009 | $5,439,515 | Down ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $71,728,098 | 0.75% | 76,676 | $-6,857,347 | Down ×2 | ||
| INTC Intel Corporation - Common Stock | $64,174,786 | 0.67% | 459,606 | $44,339,410 | Up ×3 | ||
| IWB | $63,472,500 | 0.66% | 155,000 | Up ×1 | |||
| LLY Eli Lilly and Company Common Stock | $57,878,495 | 0.61% | 48,255 | $14,516,858 | Up ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $57,149,535 | 0.60% | 79,045 | $30,552,121 | Up ×3 | ||
| JPM JP Morgan Chase & Co. Common Stock | $55,418,606 | 0.58% | 169,305 | $4,777,491 | Down ×2 | ||
| TXN Texas Instruments Incorporated - Common Stock | $54,349,786 | 0.57% | 182,339 | $10,911,738 | Down ×2 | ||
| LRCX Lam Research Corporation - Common Stock | $53,124,525 | 0.56% | 122,596 | $27,376,999 | Up ×6 | ||
| WMT Walmart Inc. - Common Stock | $50,883,980 | 0.53% | 449,267 | $-4,456,288 | Up ×6 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $46,281,472 | 0.48% | 394,019 | $15,973,033 | Up ×3 | ||
| LIN Linde plc - Ordinary Shares | $46,233,402 | 0.48% | 89,092 | $1,206,000 | Down ×2 | ||
| SPGI S&P Global Inc. Common Stock | $41,050,993 | 0.43% | 100,798 | $888,263 | Up ×1 | ||
| KLAC KLA Corporation - Common Stock | $39,251,868 | 0.41% | 130,098 | $20,628,826 | Up ×6 | ||
| APH Amphenol Corporation Common Stock | $39,033,193 | 0.41% | 221,377 | $13,732,616 | Up ×2 | ||
| JNJ Johnson & Johnson Common Stock | $38,180,326 | 0.40% | 150,334 | $284,793 | Down ×2 | ||
| BRKB | $36,541,480 | 0.38% | 73,026 | $-10,234,670 | Down ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $34,812,646 | 0.36% | 32,691 | $8,888,678 | Down ×2 | ||
| DE Deere & Company Common Stock | $34,761,918 | 0.36% | 54,801 | $5,798,159 | Up ×1 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $34,135,526 | 0.36% | 225,317 | $-4,729,226 | Down ×4 | ||
| TSCO Tractor Supply Company - Common Stock | $32,677,343 | 0.34% | 1,033,766 | $6,548,258 | Up ×3 | ||
| SCI Service Corporation International Common Stock | $31,846,230 | 0.33% | 419,250 | $4,078,315 | Up ×1 | ||
| SNDK Sandisk Corporation - Common Stock | $31,702,617 | 0.33% | 13,943 | $26,449,626 | Up ×2 | ||
| FAST Fastenal Company - Common Stock | $29,895,457 | 0.31% | 622,433 | $560,403 | Down ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $29,759,948 | 0.31% | 416,806 | $-9,895,293 | Up ×6 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $28,814,485 | 0.30% | 84,495 | $15,598,025 | Up ×6 | ||
| SHW Sherwin-Williams Company (The) Common Stock | $28,535,176 | 0.30% | 82,874 | $1,770,533 | Down ×2 | ||
| ZTS Zoetis Inc. Class A Common Stock | $28,509,018 | 0.30% | 396,730 | $-11,382,483 | Up ×1 | ||
| ITW Illinois Tool Works Inc. Common Stock | $28,287,375 | 0.30% | 104,586 | $3,784,976 | Up ×1 | ||
| MA Mastercard Incorporated Common Stock | $28,086,730 | 0.29% | 54,686 | $2,440,182 | Up ×1 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $27,683,574 | 0.29% | 237,281 | $-6,692,957 | Up ×6 | ||
| CTAS Cintas Corporation - Common Stock | $27,549,728 | 0.29% | 161,981 | $1,539,717 | Up ×4 | ||
| XOM Exxon Mobil Corporation Common Stock | $27,166,264 | 0.28% | 198,700 | $-7,858,516 | Down ×1 | ||
| ABBV AbbVie Inc. Common Stock | $27,117,230 | 0.28% | 107,762 | $3,620,698 | Down ×1 | ||
| CHD Church & Dwight Company, Inc. Common Stock | $26,937,000 | 0.28% | 278,045 | $-625,435 | Down ×2 | ||
| RMD ResMed Inc. Common Stock | $26,641,460 | 0.28% | 136,707 | $4,535,343 | Up ×3 | ||
| JKHY Jack Henry & Associates, Inc. - Common Stock | $26,332,858 | 0.28% | 191,178 | $-1,155,513 | Up ×2 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $26,295,663 | 0.27% | 63,267 | $8,635,877 | Down ×2 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $25,355,046 | 0.27% | 25,070 | $3,332,234 | Down ×2 | ||
| GE GE Aerospace Common Stock | $24,409,427 | 0.26% | 65,313 | $5,959,837 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $24,130,366 | 0.25% | 68,420 | $1,289,942 | Down ×2 | ||
| EW Edwards Lifesciences Corporation Common Stock | $23,703,596 | 0.25% | 262,034 | $-594,758 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $22,761,174 | 0.24% | 399,459 | $3,029,270 | Down ×2 | ||
| PG Procter & Gamble Company (The) Common Stock | $22,021,369 | 0.23% | 150,173 | $968,806 | Up ×1 | ||
| VRSK Verisk Analytics, Inc. - Common Stock | $21,626,004 | 0.23% | 120,459 | $-5,409,766 | Down ×1 | ||
| STE STERIS plc (Ireland) Ordinary Shares | $21,447,186 | 0.22% | 101,853 | $133,792 | Up ×2 | ||
| AMGN Amgen Inc. - Common Stock | $21,441,125 | 0.22% | 59,210 | $18,386 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $21,430,779 | 0.22% | 129,288 | $-5,786,295 | Down ×2 | ||
| KO Coca-Cola Company (The) Common Stock | $20,961,158 | 0.22% | 257,920 | $932,706 | Down ×2 | ||
| WDC Western Digital Corporation - Common Stock | $20,916,803 | 0.22% | 32,748 | $12,185,927 | Up ×6 | ||
| STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) | $20,373,080 | 0.21% | 21,112 | $12,461,487 | Up ×6 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $20,290,479 | 0.21% | 68,114 | $17,057,982 | Up ×3 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $19,546,392 | 0.20% | 152,112 | $1,100,763 | Down ×2 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $19,093,242 | 0.20% | 103,324 | $5,834,826 | Up ×3 | ||
| TW Tradeweb Markets Inc. - Class A Common Stock | $19,080,405 | 0.20% | 191,455 | $-2,489,615 | Up ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $19,031,948 | 0.20% | 24,939 | $9,518,047 | Up ×6 | ||
| ADI Analog Devices, Inc. - Common Stock | $18,385,396 | 0.19% | 46,291 | $3,628,154 | Down ×1 | ||
| GEV GE Vernova Inc. Common Stock | $18,125,740 | 0.19% | 15,428 | $4,017,057 | Down ×2 | ||
| PM Philip Morris International Inc Common Stock | $17,863,596 | 0.19% | 98,743 | $1,801,642 | Up ×6 | ||
| IBM International Business Machines Corporation Common Stock | $17,698,795 | 0.19% | 62,938 | $2,008,163 | Down ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $17,360,040 | 0.18% | 128,213 | $-2,157,584 | Up ×3 | ||
| ROL Rollins, Inc. Common Stock | $17,321,349 | 0.18% | 414,982 | $3,711,947 | Up ×2 | ||
| WELL Welltower Inc. Common Stock | $16,882,710 | 0.18% | 74,383 | $3,128,025 | Up ×6 | ||
| MS Morgan Stanley Common Stock | $16,662,160 | 0.17% | 79,708 | $4,589,799 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $15,994,808 | 0.17% | 84,303 | $-1,100,762 | Down ×1 | ||
| CPRT Copart, Inc. - Common Stock | $15,606,097 | 0.16% | 553,604 | $2,443,293 | Up ×4 | ||
| GILD Gilead Sciences, Inc. - Common Stock | $15,245,321 | 0.16% | 120,669 | $-1,391,694 | Up ×6 | ||
| WFC Wells Fargo & Company Common Stock | $14,706,036 | 0.15% | 177,953 | $614,986 | Up ×1 | ||
| ORCL Oracle Corporation Common Stock | $14,457,890 | 0.15% | 98,655 | $508 | Up ×6 | ||
| APP Applovin Corporation - Class A Common Stock | $14,277,539 | 0.15% | 27,711 | $3,336,519 | Up ×6 | ||
| BKNG Booking Holdings Inc. - Common Stock | $14,085,416 | 0.15% | 79,025 | $502,924 | Up ×6 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $14,083,837 | 0.15% | 35,415 | $-2,072,480 | Up ×3 | ||
| PLD Prologis, Inc. Common Stock | $14,077,365 | 0.15% | 103,915 | $278,434 | Down ×2 | ||
| AXP American Express Company Common Stock | $14,043,464 | 0.15% | 41,518 | $1,654,186 | Up ×1 | ||
| C Citigroup, Inc. Common Stock | $13,881,093 | 0.15% | 99,179 | $1,793,402 | Down ×2 | ||
| MCD McDonald's Corporation Common Stock | $13,026,239 | 0.14% | 48,190 | $-2,650,630 | Down ×2 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| NVDA | $366,581,087 | 3.83% | up ×6 |
| QQQM | $327,207,600 | 3.42% | up ×4 |
| AAPL | $317,497,366 | 3.32% | up ×3 |
| GOOGL | $152,252,485 | 1.59% | up ×6 |
| GOOG | $123,448,555 | 1.29% | up ×3 |
| MU | $121,553,663 | 1.27% | up ×6 |
| TSLA | $100,195,332 | 1.05% | up ×6 |
| META | $94,758,897 | 0.99% | up ×6 |
| AMD | $91,391,085 | 0.96% | up ×6 |
| INTC | $64,174,786 | 0.67% | up ×3 |
| AMAT | $57,149,535 | 0.60% | up ×3 |
| LRCX | $53,124,525 | 0.56% | up ×6 |
| WMT | $50,883,980 | 0.53% | up ×6 |
| CSCO | $46,281,472 | 0.48% | up ×3 |
| KLAC | $39,251,868 | 0.41% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| ONEQ | $133,979,560 | 1,298,000 | 1.40% |
| IWB | $63,472,500 | 155,000 | 0.66% |
| Unknown issuer (CUSIP: 438516205) | $8,096,896 | 36,163 | 0.08% |
| Unknown issuer (CUSIP: 43849R105) | $7,429,172 | 33,604 | 0.08% |
| ALAB | $3,186,966 | 6,598 | 0.03% |
| FLEX | $2,385,995 | 14,722 | 0.02% |
| NBIS | $2,347,169 | 8,499 | 0.02% |
| RKLB | $2,269,845 | 22,330 | 0.02% |
| Unknown issuer (CUSIP: G2004J103) | $1,928,104 | 67,487 | 0.02% |
| CRWV | $1,707,907 | 17,158 | 0.02% |
| VEEV | $1,698,565 | 9,571 | 0.02% |
| CASY | $1,684,955 | 2,120 | 0.02% |
| Unknown issuer (CUSIP: 26614N201) | $1,220,896 | 9,001 | 0.01% |
| Unknown issuer (CUSIP: 884903881) | $1,176,865 | 14,410 | 0.01% |
| Unknown issuer (CUSIP: 314352105) | $1,083,878 | 7,178 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VOO | Trimmed | -370K | -$189.0M |
| QQQM | Bought more | +257K | +$131.6M |
| SPY | Price move only | +0 | +$118.9M |
| QQQ | Trimmed | -258K | -$107.5M |
| MU | Bought more | +4K | +$87.2M |
| AMD | Bought more | +3K | +$59.9M |
| ITOT | Price move only | +0 | +$49.1M |
| NVDA | Bought more | +11K | +$49.0M |
| INTC | Bought more | +10K | +$44.3M |
| BBUS | Price move only | +0 | +$43.1M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HON | June 30, 2026 | 70,413 | $15,915,450 | -1.9% |
| ANSS | Sept. 30, 2025 | 7,652 | $2,687,535 | No longer tracked |
| HES | Sept. 30, 2025 | 19,023 | $2,635,446 | No longer tracked |
| DFS | June 30, 2025 | 13,160 | $2,246,412 | No longer tracked |
| CTRA | June 30, 2026 | 54,818 | $1,926,305 | No longer tracked |
| AZN | March 31, 2026 | 19,501 | $1,792,727 | -16.1% |
| CCL | June 30, 2026 | 60,632 | $1,569,156 | -10.1% |
| TRI | June 30, 2026 | 16,335 | $1,469,823 | 29.1% |
| INSM | June 30, 2026 | 8,078 | $1,320,915 | 17.6% |
| DD | June 30, 2026 | 26,957 | $1,234,631 | 3.3% |
| K | Dec. 31, 2025 | 14,118 | $1,157,958 | No longer tracked |
| HOLX | June 30, 2026 | 13,804 | $1,043,444 | No longer tracked |
| IPG | Dec. 31, 2025 | 33,068 | $922,928 | No longer tracked |
| DAY | March 31, 2026 | 12,382 | $856,339 | No longer tracked |
| ZS | June 30, 2026 | 5,977 | $838,513 | 22.5% |
| SPSC | Sept. 30, 2025 | 6,010 | $817,901 | -24.2% |
| MTCH | March 31, 2026 | 23,089 | $745,544 | 30.3% |
| JNPR | Sept. 30, 2025 | 17,608 | $703,087 | No longer tracked |
| PARA | Sept. 30, 2025 | 47,360 | $610,944 | |
| MOH | March 31, 2026 | 3,288 | $570,600 | 48.7% |
| PAYC | March 31, 2026 | 3,545 | $564,931 | 85.4% |
| GFS | Dec. 31, 2025 | 15,548 | $557,240 | 35.9% |
| MKTX | Sept. 30, 2025 | 2,153 | $480,851 | -7.0% |
| VEEV | Dec. 31, 2025 | 1,583 | $471,592 | 11.0% |
| WBA | Sept. 30, 2025 | 40,062 | $459,912 | No longer tracked |
| LKQ | Dec. 31, 2025 | 15,016 | $458,589 | -13.9% |
| EPAM | June 30, 2026 | 3,276 | $443,570 | 34.8% |
| TEAM | June 30, 2026 | 6,300 | $429,975 | 118.9% |
| POOL | June 30, 2026 | 2,038 | $412,349 | -11.1% |
| CAG | June 30, 2026 | 26,131 | $410,779 | 19.4% |
| EMN | Dec. 31, 2025 | 6,131 | $386,560 | 16.8% |
| KMX | Dec. 31, 2025 | 8,453 | $379,286 | 59.4% |
| FMC | March 31, 2025 | 7,392 | $359,325 | -74.0% |
| CE | March 31, 2025 | 5,158 | $356,985 | -17.2% |
| MDB | June 30, 2025 | 2,031 | $356,237 | 99.3% |
| MHK | Dec. 31, 2025 | 2,744 | $353,756 | 23.9% |
| CZR | Sept. 30, 2025 | 11,902 | $337,898 | 9.8% |
| TFX | March 31, 2025 | 1,821 | $324,102 | -2.3% |
| BWA | March 31, 2025 | 9,501 | $302,037 | 137.3% |
| LW | March 31, 2026 | 7,147 | $299,388 | 26.3% |
| ENPH | Sept. 30, 2025 | 7,073 | $280,444 | 10.5% |
| VNO | March 31, 2026 | 7,376 | $245,473 | 48.2% |
| CPB | June 30, 2026 | 10,732 | $239,002 | 6.4% |
| CUZ | Dec. 31, 2025 | 7,950 | $230,073 | 14.2% |
| KRC | Dec. 31, 2025 | 5,142 | $217,250 | -1.9% |
| SLG | March 31, 2025 | 3,117 | $211,707 | 1.2% |
| MRP | March 31, 2026 | 7,050 | $210,584 | 9.5% |
| EPR | Dec. 31, 2025 | 3,598 | $208,720 | 22.3% |
| SLG | Dec. 31, 2025 | 3,357 | $200,782 | 27.3% |
| LXPXXXX | Dec. 31, 2025 | 14,001 | $125,449 | No longer tracked |
| APLE | March 31, 2026 | 10,075 | $119,389 | 44.3% |
| UNITXXXX | Sept. 30, 2025 | 11,638 | $50,276 | No longer tracked |
| HPP | Dec. 31, 2025 | 17,917 | $49,451 | 34.6% |
| DHC | Dec. 31, 2025 | 10,269 | $45,286 | 66.3% |