MIZUHO MARKETS AMERICAS LLC
Long book
$3.60B
Q1 2026
Positions
157
Top-10 weight
40%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
49%
of book per quarter
Strategy in plain words
auto-generated from filingsMIZUHO MARKETS AMERICAS LLC is a diversified fundamental manager, running a $3.60B US long book across 157 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES CORE S&P 500 ETF, FEDEX CORP, HONEYWELL INTERNATIONAL INC, ENTERGY CORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 2 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
+7.2%
Q3 2024
-3.9%
Q4 2024
-6.3%
Q1 2025
+9.8%
Q2 2025
+6.5%
Q3 2025
-0.5%
Q4 2025
-5.2%
Q1 2026
+15.4%
Sector allocation
Industrials 22%
Technology 20%
Utilities 18%
Financials 9%
Services media 8%
Healthcare 8%
Consumer discretionary 6%
Other 5%
Long book by quarter
What does MIZUHO MARKETS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FDX FEDEX CORP | Industrials | 447.1K | $159.2M | 4.4% | +0.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 698.5K | $157.9M | 4.4% | -65.8% |
| ETR ENTERGY CORP | Utilities | 1.4M | $156.7M | 4.3% | New |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 2.4M | $111.6M | 3.1% | -35.2% |
| MSFT MICROSOFT CORP | Technology | 281.0K | $104.0M | 2.9% | +155.4% |
| COR CENCORA INC | Consumer discretionary | 287.9K | $90.4M | 2.5% | +28.1% |
| HALO HALOZYME THERAPEUTICS INC | Healthcare | 1.3M | $85.5M | 2.4% | +4.3% |
| EXC EXELON CORP | Utilities | 1.7M | $81.1M | 2.3% | New |
| NI NISOURCE INC | Utilities | 1.7M | $77.0M | 2.1% | New |
| RKLB ROCKET LAB CORP | Industrials | 1.2M | $75.7M | 2.1% | +1.9% |
| ADI ANALOG DEVICES INC | Technology | 220.7K | $70.2M | 1.9% | -29.9% |
| TSLA TESLA INC | Industrials | 185.0K | $68.8M | 1.9% | Held |
| XEL XCEL ENERGY INC | Utilities | 805.1K | $64.0M | 1.8% | New |
| RIOT RIOT PLATFORMS INC | Financials | 5.1M | $62.5M | 1.7% | +19.0% |
| ET ENERGY TRANSFER LP | Utilities | 3.2M | $61.8M | 1.7% | New |
| ZTS ZOETIS INC | Healthcare | 522.4K | $61.7M | 1.7% | +283.4% |
| CAR AVIS BUDGET GROUP INC | Services media | 400.0K | $58.3M | 1.6% | +7.4% |
| GOOGL ALPHABET INC-CL A | Technology | 200.6K | $57.7M | 1.6% | New |
| KLAC KLA CORP | Other | 37.3K | $54.9M | 1.5% | +0.7% |
| NEE NEXTERA ENERGY INC | Utilities | 588.3K | $54.6M | 1.5% | +128.7% |
| DXCM DEXCOM INC | Healthcare | 800.0K | $50.2M | 1.4% | New |
| NVDA NVIDIA CORP | Technology | 284.2K | $49.6M | 1.4% | -60.9% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 1.6M | $42.3M | 1.2% | Held |
| BWXT BWX TECHNOLOGIES INC | Industrials | 197.7K | $40.4M | 1.1% | -5.4% |
| IREN IREN LTD | Financials | 1.1M | $37.8M | 1.1% | -16.0% |
| KVUE KENVUE INC | Other | 2.1M | $36.6M | 1.0% | -85.0% |
| BAC BANK OF AMERICA CORP | Financials | 728.5K | $35.5M | 1.0% | Held |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 1.8M | $33.4M | 0.9% | New |
| DLTR DOLLAR TREE INC | Consumer discretionary | 300.0K | $32.9M | 0.9% | New |
| NEOG NEOGEN CORP | Materials | 3.5M | $32.5M | 0.9% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 55.4K | $31.7M | 0.9% | -47.2% |
| GOOG ALPHABET INC-CL C | Technology | 108.6K | $31.2M | 0.9% | -27.6% |
| LRCX LAM RESEARCH CORP | Industrials | 135.7K | $29.0M | 0.8% | +1.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 126.0K | $26.2M | 0.7% | Held |
| SOFI SOFI TECHNOLOGIES INC | Financials | 1.5M | $23.8M | 0.7% | -54.6% |
| CSCO CISCO SYSTEMS INC | Technology | 295.0K | $22.9M | 0.6% | New |
| CPW CHECK POINT SOFTWARE TECH | — | 158.9K | $22.7M | 0.6% | +633.4% |
| DRI DARDEN RESTAURANTS INC | Consumer discretionary | 110.5K | $21.7M | 0.6% | Held |
| GLW CORNING INC | Industrials | 151.0K | $20.5M | 0.6% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 75.0K | $20.3M | 0.6% | Held |
| SNPS SYNOPSYS INC | Technology | 50.9K | $20.2M | 0.6% | New |
| SMCI SUPER MICRO COMPUTER INC | Technology | 847.4K | $19.3M | 0.5% | -10.1% |
| NFLX NETFLIX INC | Services media | 200.0K | $19.2M | 0.5% | -35.5% |
| MU MICRON TECHNOLOGY INC | Technology | 56.9K | $19.2M | 0.5% | -48.3% |
| WFC WELLS FARGO & CO | Financials | 240.0K | $19.1M | 0.5% | Held |
| PAX PATRIA INVESTMENTS LTD-A | Financials | 1.5M | $18.9M | 0.5% | Held |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 106.0K | $18.5M | 0.5% | Held |
| TNK TEEKAY TANKERS LTD-CLASS A | Industrials | 250.0K | $18.3M | 0.5% | New |
| BN BROOKFIELD CORP | Real estate | 450.0K | $18.2M | 0.5% | Held |
| BE BLOOM ENERGY CORP- A | Industrials | 131.5K | $17.8M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 190 | $3.66B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 173 | $5.18B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 205 | $5.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 170 | $3.29B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 202 | $4.87B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 240 | $5.59B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 185 | $4.84B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 211 | $4.17B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 173 | $4.05B | canonical | SEC ↗ |
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