Hikari Power Ltd
Long book
$1.15B
Q1 2026
Positions
51
Top-10 weight
83%
concentration
Last quarter
+6.0%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsHikari Power Ltd is a diversified fundamental manager, running a $1.15B US long book across 51 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL A, LINDE PLC, JOHNSON & JOHNSON, EXXON MOBIL CORP, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.9%
Q2 2024
+9.0%
Q3 2024
-3.0%
Q4 2024
+10.9%
Q1 2025
-4.2%
Q2 2025
+3.7%
Q3 2025
+2.8%
Q4 2025
-0.5%
Q1 2026
+6.0%
Sector allocation
Financials 54%
Healthcare 11%
Technology 9%
Energy 8%
Materials 7%
Services media 7%
Consumer staples 2%
Other 1%
Long book by quarter
What does Hikari Power own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 759 | $545.1M | 47.5% | -3.1% |
| LIN LINDE PLC | Materials | 157.1K | $77.9M | 6.8% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 308.8K | $75.5M | 6.6% | -9.0% |
| XOM EXXON MOBIL CORP | Energy | 299.3K | $50.8M | 4.4% | Held |
| V VISA INC-CLASS A SHARES | Services media | 153.9K | $46.5M | 4.1% | +0.2% |
| DHR DANAHER CORP | Technology | 185.2K | $35.1M | 3.1% | Held |
| PSX PHILLIPS 66 | Energy | 190.3K | $34.7M | 3.0% | Held |
| GOOG ALPHABET INC-CL C | Technology | 119.0K | $34.1M | 3.0% | -15.0% |
| MCO MOODY'S CORP | Services media | 53.0K | $23.1M | 2.0% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 194.1K | $23.0M | 2.0% | Held |
| ROP ROPER TECHNOLOGIES INC | Technology | 60.0K | $21.2M | 1.8% | -19.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 43.1K | $19.9M | 1.7% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 196.1K | $12.9M | 1.1% | -17.7% |
| NTR NUTRIEN LTD | Other | 150.0K | $11.3M | 1.0% | -30.7% |
| AMGN AMGEN INC | Healthcare | 31.0K | $10.9M | 1.0% | Held |
| NDAQ NASDAQ INC | Financials | 100.5K | $8.5M | 0.7% | Held |
| MA MASTERCARD INC - A | Services media | 10.0K | $5.0M | 0.4% | Held |
| VLTO VERALTO CORP | Technology | 54.6K | $4.8M | 0.4% | Held |
| WAB WABTEC CORP | Industrials | 15.2K | $3.8M | 0.3% | -1.9% |
| BDX BECTON DICKINSON AND CO | Healthcare | 24.0K | $3.8M | 0.3% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 48.4K | $3.7M | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.7K | $3.7M | 0.3% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 18.6K | $2.6M | 0.2% | Held |
| PH PARKER HANNIFIN CORP | Industrials | 2.8K | $2.5M | 0.2% | Held |
| WAT WATERS CORP | Healthcare | 8.0K | $2.4M | 0.2% | -83.2% |
| GOOGL ALPHABET INC-CL A | Technology | 7.4K | $2.1M | 0.2% | Held |
| BAC BANK OF AMERICA CORP | Financials | 40.2K | $2.0M | 0.2% | Held |
| UNP UNION PACIFIC CORP | Industrials | 4.1K | $990K | 0.1% | Held |
| AME AMETEK INC | Technology | 3.9K | $845K | 0.1% | -77.9% |
| CRVS CORVUS PHARMACEUTICALS INC | Healthcare | 50.0K | $731K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 7.0K | $557K | 0.0% | -93.0% |
| FTV FORTIVE CORP | Technology | 7.8K | $428K | 0.0% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 690 | $417K | 0.0% | -90.6% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 2.3K | $401K | 0.0% | Held |
| A AGILENT TECHNOLOGIES INC | Healthcare | 3.4K | $384K | 0.0% | Held |
| IEX IDEX CORP | Industrials | 1.7K | $315K | 0.0% | -62.0% |
| SOLV SOLVENTUM CORP | Healthcare | 4.7K | $307K | 0.0% | Held |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 235 | $296K | 0.0% | Held |
| AVXL ANAVEX LIFE SCIENCES CORP | Healthcare | 85.6K | $263K | 0.0% | Held |
| MMM 3M CO | Healthcare | 1.8K | $256K | 0.0% | -25.1% |
| BN BROOKFIELD CORP | Real estate | 6.2K | $249K | 0.0% | Held |
| ECL ECOLAB INC | Other | 910 | $242K | 0.0% | -75.5% |
| OCUL OCULAR THERAPEUTIX INC | Healthcare | 17.0K | $144K | 0.0% | Held |
| ALDX ALDEYRA THERAPEUTICS INC | Healthcare | 20.0K | $34K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 52 | $1.15B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 63 | $1.27B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 63 | $1.24B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 63 | $1.20B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 60 | $1.26B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 59 | $1.16B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 62 | $1.20B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 62 | $1.11B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 63 | $1.16B | $K fixed canonical | SEC ↗ |
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