NOMURA ASSET MANAGEMENT CO LTD
Long book
$38.75B
Q1 2026
Positions
1714
Top-10 weight
33%
concentration
Last quarter
+16.5%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsNOMURA ASSET MANAGEMENT CO LTD is a mechanically diversified allocator, running a $38.75B US long book across 1714 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, BROADCOM INC, MICROSOFT CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 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
+3.9%
Q2 2024
+5.8%
Q3 2024
+1.8%
Q4 2024
-4.6%
Q1 2025
+11.2%
Q2 2025
+7.9%
Q3 2025
+2.8%
Q4 2025
-3.1%
Q1 2026
+16.5%
Sector allocation
Technology 44%
Financials 10%
Industrials 10%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Other 4%
Utilities 3%
Long book by quarter
What does NOMURA ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 19.9M | $3.47B | 9.0% | +7.8% |
| AAPL APPLE INC | Technology | 7.1M | $1.80B | 4.6% | +1.8% |
| AVGO BROADCOM INC | Technology | 5.8M | $1.79B | 4.6% | +6.4% |
| MSFT MICROSOFT CORP | Technology | 4.0M | $1.48B | 3.8% | +0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.7M | $981.1M | 2.5% | -2.9% |
| GOOGL ALPHABET INC-CL A | Technology | 3.3M | $945.5M | 2.4% | +12.6% |
| GOOG ALPHABET INC-CL C | Technology | 2.5M | $728.0M | 1.9% | -6.2% |
| META META PLATFORMS INC-CLASS A | Technology | 1.0M | $597.5M | 1.5% | -9.1% |
| TSLA TESLA INC | Industrials | 1.2M | $455.9M | 1.2% | +2.5% |
| AMAT APPLIED MATERIALS INC | Technology | 1.2M | $409.2M | 1.1% | +64.3% |
| XOM EXXON MOBIL CORP | Energy | 2.2M | $369.9M | 1.0% | -2.3% |
| JPM JPMORGAN CHASE & CO | Financials | 1.2M | $361.2M | 0.9% | +1.2% |
| LLY ELI LILLY & CO | Healthcare | 380.6K | $350.0M | 0.9% | +3.1% |
| MA MASTERCARD INC - A | Services media | 685.2K | $342.4M | 0.9% | +1.2% |
| MU MICRON TECHNOLOGY INC | Technology | 1.0M | $340.2M | 0.9% | -54.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.3M | $310.3M | 0.8% | -12.3% |
| KLAC KLA CORP | Other | 203.8K | $300.1M | 0.8% | +5.3% |
| WMT WALMART INC | Consumer discretionary | 2.4M | $299.4M | 0.8% | +9.3% |
| NFLX NETFLIX INC | Services media | 3.0M | $291.0M | 0.8% | +40.6% |
| CSCO CISCO SYSTEMS INC | Technology | 3.7M | $284.7M | 0.7% | +0.7% |
| CAT CATERPILLAR INC | Industrials | 362.8K | $257.0M | 0.7% | +15.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 247.7K | $246.8M | 0.6% | +14.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 505.1K | $242.0M | 0.6% | +2.5% |
| V VISA INC-CLASS A SHARES | Services media | 786.6K | $237.7M | 0.6% | +3.3% |
| ABBV ABBVIE INC | Healthcare | 1.0M | $222.9M | 0.6% | 0.0% |
| PGR PROGRESSIVE CORP | Financials | 1.1M | $221.2M | 0.6% | +13.0% |
| CVX CHEVRON CORP | Energy | 1.1M | $219.5M | 0.6% | -0.4% |
| MRK MERCK & CO. INC. | Healthcare | 1.6M | $190.0M | 0.5% | +14.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.3M | $183.7M | 0.5% | +1.3% |
| PEP PEPSICO INC | Consumer staples | 1.2M | $179.4M | 0.5% | +2.5% |
| KO COCA-COLA CO/THE | Consumer staples | 2.2M | $170.1M | 0.4% | +1.6% |
| NEE NEXTERA ENERGY INC | Utilities | 1.8M | $168.5M | 0.4% | -1.1% |
| HD HOME DEPOT INC | Consumer discretionary | 510.4K | $167.9M | 0.4% | +2.3% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 146.9K | $160.6M | 0.4% | +25.5% |
| LIN LINDE PLC | Materials | 322.7K | $160.0M | 0.4% | -7.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 320.0K | $157.3M | 0.4% | +7.3% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 893.3K | $147.7M | 0.4% | +5.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 465.5K | $144.7M | 0.4% | +2.0% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 311.7K | $143.7M | 0.4% | -5.4% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 1.5M | $141.0M | 0.4% | +6.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 686.7K | $139.7M | 0.4% | -2.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 946.7K | $138.5M | 0.4% | +2.7% |
| WDC WESTERN DIGITAL CORP | Technology | 509.3K | $137.8M | 0.4% | -54.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 600.1K | $135.6M | 0.4% | +16.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 493.0K | $133.4M | 0.3% | -2.3% |
| LRCX LAM RESEARCH CORP | Industrials | 595.9K | $127.3M | 0.3% | +7.5% |
| ORCL ORACLE CORP | Technology | 854.9K | $125.8M | 0.3% | +1.3% |
| SPGI S&P GLOBAL INC | Services media | 294.5K | $125.3M | 0.3% | +7.0% |
| BAC BANK OF AMERICA CORP | Financials | 2.6M | $125.1M | 0.3% | +0.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.2M | $124.7M | 0.3% | +9.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 2291 | $38.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 2281 | $39.51B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 2289 | $38.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 2318 | $36.47B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 2356 | $32.68B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 2326 | $33.24B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 15, 2024 | 2313 | $32.44B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 2283 | $29.34B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 2327 | $27.55B | canonical | SEC ↗ |
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