Daiwa Securities Group Inc.
Long book
$34.51B
Q1 2026
Positions
1097
Top-10 weight
41%
concentration
Last quarter
+16.6%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsDaiwa Securities Group Inc. is a mechanically diversified allocator, running a $34.51B US long book across 1097 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, BROADCOM INC.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+9.9%
Q3 2024
+0.0%
Q4 2024
-3.1%
Q1 2025
+10.7%
Q2 2025
+6.3%
Q3 2025
+0.4%
Q4 2025
-3.5%
Q1 2026
+16.6%
Sector allocation
Technology 58%
Consumer discretionary 9%
Industrials 8%
Financials 7%
Services media 6%
Healthcare 4%
Consumer staples 2%
Utilities 2%
Long book by quarter
What does Daiwa Securities own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 13.3M | $2.32B | 6.7% | +37.2% |
| MSFT MICROSOFT CORP | Technology | 6.0M | $2.23B | 6.5% | +90.4% |
| AAPL APPLE INC | Technology | 7.2M | $1.84B | 5.3% | +23.7% |
| GOOGL ALPHABET INC-CL A | Technology | 5.4M | $1.56B | 4.5% | +51.7% |
| AVGO BROADCOM INC | Technology | 4.6M | $1.41B | 4.1% | +45.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.4M | $1.34B | 3.9% | +17.2% |
| META META PLATFORMS INC-CLASS A | Technology | 1.7M | $951.6M | 2.8% | +7.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 6.2M | $909.4M | 2.6% | +39.4% |
| NFLX NETFLIX INC | Services media | 8.6M | $822.1M | 2.4% | +2.4% |
| GOOG ALPHABET INC-CL C | Technology | 2.4M | $676.3M | 2.0% | +95.7% |
| MU MICRON TECHNOLOGY INC | Technology | 1.9M | $636.5M | 1.8% | +184.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.1M | $311.1M | 0.9% | +396.4% |
| TSLA TESLA INC | Industrials | 702.2K | $261.0M | 0.8% | +9.9% |
| LRCX LAM RESEARCH CORP | Industrials | 1.2M | $249.1M | 0.7% | +226.4% |
| ORCL ORACLE CORP | Technology | 1.6M | $239.3M | 0.7% | +418.0% |
| TMUS T-MOBILE US INC | Communications | 1.0M | $214.1M | 0.6% | +460.4% |
| PEP PEPSICO INC | Consumer staples | 1.2M | $179.0M | 0.5% | +187.9% |
| JPM JPMORGAN CHASE & CO | Financials | 585.0K | $172.1M | 0.5% | +8.1% |
| WMT WALMART INC | Consumer discretionary | 1.3M | $162.9M | 0.5% | +61.7% |
| QCOM QUALCOMM INC | Technology | 1.2M | $152.9M | 0.4% | +234.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 149.2K | $148.6M | 0.4% | +4.2% |
| LLY ELI LILLY & CO | Healthcare | 150.5K | $138.5M | 0.4% | +9.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 288.3K | $138.2M | 0.4% | +6.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 548.4K | $134.0M | 0.4% | +0.7% |
| XOM EXXON MOBIL CORP | Energy | 778.7K | $132.1M | 0.4% | +3.8% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 610.0K | $123.9M | 0.4% | +426.7% |
| CAT CATERPILLAR INC | Industrials | 174.6K | $123.7M | 0.4% | +1.8% |
| V VISA INC-CLASS A SHARES | Services media | 392.1K | $118.5M | 0.3% | +5.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 134.1K | $113.4M | 0.3% | +1.8% |
| AMD ADVANCED MICRO DEVICES | Technology | 517.4K | $105.3M | 0.3% | +0.7% |
| CSCO CISCO SYSTEMS INC | Technology | 1.3M | $100.2M | 0.3% | +5.6% |
| CVX CHEVRON CORP | Energy | 470.0K | $97.2M | 0.3% | +19.3% |
| GEV GE VERNOVA INC | Industrials | 103.5K | $90.4M | 0.3% | +11.1% |
| MA MASTERCARD INC - A | Services media | 174.9K | $87.4M | 0.3% | +4.5% |
| AMGN AMGEN INC | Healthcare | 243.1K | $85.5M | 0.2% | +1.8% |
| INTC INTEL CORP | Technology | 1.9M | $84.8M | 0.2% | +20.2% |
| HD HOME DEPOT INC | Consumer discretionary | 257.0K | $84.5M | 0.2% | +3.6% |
| ABBV ABBVIE INC | Healthcare | 363.7K | $79.1M | 0.2% | +5.6% |
| LIN LINDE PLC | Materials | 152.1K | $75.4M | 0.2% | +2.2% |
| AMAT APPLIED MATERIALS INC | Technology | 217.9K | $74.5M | 0.2% | +8.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 489.9K | $70.8M | 0.2% | -62.0% |
| KO COCA-COLA CO/THE | Consumer staples | 886.4K | $67.4M | 0.2% | +5.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 405.3K | $67.0M | 0.2% | +1.0% |
| GE GENERAL ELECTRIC | Industrials | 232.8K | $66.1M | 0.2% | +17.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 206.9K | $64.3M | 0.2% | +3.2% |
| KLAC KLA CORP | Other | 42.4K | $62.5M | 0.2% | +4.6% |
| MRK MERCK & CO. INC. | Healthcare | 513.8K | $61.8M | 0.2% | +4.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 245.0K | $59.4M | 0.2% | +3.7% |
| BAC BANK OF AMERICA CORP | Financials | 1.2M | $58.2M | 0.2% | +6.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.1M | $56.8M | 0.2% | +7.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 1642 | $34.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 1807 | $31.30B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1800 | $29.63B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1753 | $27.09B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 1698 | $23.65B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 1676 | $22.39B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1686 | $21.65B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 1723 | $18.80B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 1732 | $17.72B | $K fixed canonical | SEC ↗ |
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