Hikari Tsushin, Inc.
Long book
$1.45B
Q1 2026
Positions
78
Top-10 weight
83%
concentration
Last quarter
+7.5%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsHikari Tsushin, Inc. is a diversified fundamental manager, specialised in financials (63% of the long book), running a $1.45B US long book across 78 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL A, ALPHABET INC-CL A, INVESCO SENIOR LOAN ETF, VISA INC-CLASS A SHARES, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 1.4pp 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
-0.3%
Q2 2024
+9.4%
Q3 2024
-0.6%
Q4 2024
+9.7%
Q1 2025
-3.9%
Q2 2025
+6.1%
Q3 2025
+3.6%
Q4 2025
-4.1%
Q1 2026
+7.5%
Sector allocation
Financials 64%
Technology 16%
Healthcare 10%
Services media 4%
Energy 2%
Industrials 2%
Materials 1%
Other 1%
Long book by quarter
What does Hikari Tsushin, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1.1K | $809.3M | 55.8% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 554.2K | $159.4M | 11.0% | -3.8% |
| V VISA INC-CLASS A SHARES | Services media | 102.6K | $31.0M | 2.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 117.1K | $28.6M | 2.0% | -9.4% |
| ABBV ABBVIE INC | Healthcare | 105.0K | $22.8M | 1.6% | Held |
| ZTS ZOETIS INC | Healthcare | 188.1K | $22.2M | 1.5% | +14.5% |
| PSX PHILLIPS 66 | Energy | 116.8K | $21.3M | 1.5% | -1.1% |
| LMT LOCKHEED MARTIN CORP | Industrials | 29.0K | $17.6M | 1.2% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 31.8K | $15.2M | 1.0% | +14.0% |
| MMM 3M CO | Healthcare | 102.0K | $14.8M | 1.0% | -10.2% |
| MCO MOODY'S CORP | Services media | 31.7K | $13.8M | 1.0% | Held |
| LIN LINDE PLC | Materials | 25.5K | $12.6M | 0.9% | Held |
| MDT MEDTRONIC PLC | Healthcare | 145.0K | $12.6M | 0.9% | Held |
| DHR DANAHER CORP | Technology | 64.7K | $12.3M | 0.8% | Held |
| XOM EXXON MOBIL CORP | Energy | 52.0K | $8.8M | 0.6% | Held |
| RSG REPUBLIC SERVICES INC | Utilities | 32.2K | $7.1M | 0.5% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 15.2K | $7.0M | 0.5% | -7.2% |
| AME AMETEK INC | Technology | 30.5K | $6.5M | 0.5% | Held |
| ROP ROPER TECHNOLOGIES INC | Technology | 15.6K | $5.5M | 0.4% | Held |
| ECL ECOLAB INC | Other | 20.1K | $5.4M | 0.4% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 81.1K | $4.9M | 0.3% | Held |
| J JACOBS SOLUTIONS INC | Industrials | 38.5K | $4.9M | 0.3% | Held |
| WAT WATERS CORP | Healthcare | 16.2K | $4.8M | 0.3% | -21.0% |
| MSFT MICROSOFT CORP | Technology | 9.8K | $3.6M | 0.2% | -4.8% |
| SOLV SOLVENTUM CORP | Healthcare | 53.1K | $3.5M | 0.2% | -5.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 32.9K | $3.4M | 0.2% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 23.1K | $3.3M | 0.2% | -12.9% |
| FTV FORTIVE CORP | Technology | 49.4K | $2.7M | 0.2% | Held |
| BN BROOKFIELD CORP | Real estate | 65.6K | $2.7M | 0.2% | Held |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 13.6K | $2.4M | 0.2% | Held |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 14.4K | $2.3M | 0.2% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 10.4K | $2.1M | 0.1% | Held |
| VLTO VERALTO CORP | Technology | 21.5K | $1.9M | 0.1% | Held |
| CI THE CIGNA GROUP | Financials | 6.4K | $1.7M | 0.1% | Held |
| VRSN VERISIGN INC | Technology | 5.9K | $1.5M | 0.1% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.4K | $1.4M | 0.1% | Held |
| VNT VONTIER CORP | Technology | 39.3K | $1.4M | 0.1% | Held |
| TDG TRANSDIGM GROUP INC | Industrials | 1.1K | $1.2M | 0.1% | Held |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 20.9K | $1.2M | 0.1% | Held |
| AMTM AMENTUM HOLDINGS INC | Services media | 45.4K | $1.2M | 0.1% | Held |
| TRMB TRIMBLE INC | Other | 17.7K | $1.2M | 0.1% | Held |
| MRK MERCK & CO. INC. | Healthcare | 8.8K | $1.1M | 0.1% | Held |
| BDX BECTON DICKINSON AND CO | Healthcare | 6.1K | $960K | 0.1% | Held |
| RAL RALLIANT CORP | Technology | 21.1K | $877K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 10.6K | $846K | 0.1% | Held |
| NTR NUTRIEN LTD | Other | 10.8K | $815K | 0.1% | Held |
| CRM SALESFORCE INC | Technology | 4.3K | $801K | 0.1% | +18.1% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 6.4K | $730K | 0.1% | Held |
| MTD METTLER-TOLEDO INTERNATIONAL | Healthcare | 482 | $608K | 0.0% | Held |
| LEVI LEVI STRAUSS & CO- CLASS A | Other | 24.5K | $453K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 78 | $1.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 80 | $1.54B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 77 | $1.49B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 76 | $1.42B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 71 | $1.49B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 71 | $1.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 71 | $1.41B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 69 | $1.29B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 65 | $1.26B | canonical | SEC ↗ |