Norinchukin Bank, The
Long book
$8.57B
Q1 2026
Positions
560
Top-10 weight
42%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsNorinchukin Bank, The is an institutional manager, running a $8.57B US long book across 560 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, VANGUARD S&P 500 ETF, ISHARES CORE S&P TOTAL U.S., NVIDIA CORP, ISHARES CORE S&P 500 ETF.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
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
+6.0%
Q3 2024
+1.7%
Q4 2024
-3.2%
Q1 2025
+10.4%
Q2 2025
+6.8%
Q3 2025
+2.1%
Q4 2025
-4.4%
Q1 2026
+14.7%
Sector allocation
Technology 39%
Consumer discretionary 12%
Industrials 10%
Healthcare 9%
Financials 9%
Services media 7%
Other 4%
Consumer staples 3%
Long book by quarter
What does Norinchukin Bank, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.8M | $317.6M | 3.7% | +2.0% |
| AAPL APPLE INC | Technology | 1.1M | $275.8M | 3.2% | +1.3% |
| MSFT MICROSOFT CORP | Technology | 617.9K | $228.7M | 2.7% | +4.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 897.0K | $186.8M | 2.2% | +3.8% |
| GOOGL ALPHABET INC-CL A | Technology | 420.6K | $120.9M | 1.4% | +1.9% |
| AVGO BROADCOM INC | Technology | 346.3K | $107.2M | 1.3% | +2.5% |
| GOOG ALPHABET INC-CL C | Technology | 348.1K | $99.9M | 1.2% | +2.6% |
| META META PLATFORMS INC-CLASS A | Technology | 165.9K | $94.9M | 1.1% | +2.7% |
| TSLA TESLA INC | Industrials | 235.8K | $87.6M | 1.0% | +6.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 84.1K | $83.8M | 1.0% | -2.2% |
| V VISA INC-CLASS A SHARES | Services media | 259.5K | $78.4M | 0.9% | +3.9% |
| WMT WALMART INC | Consumer discretionary | 445.3K | $55.3M | 0.6% | +67.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 261.3K | $50.7M | 0.6% | -18.8% |
| JPM JPMORGAN CHASE & CO | Financials | 172.2K | $50.6M | 0.6% | -1.4% |
| ZTS ZOETIS INC | Healthcare | 400.7K | $47.4M | 0.6% | -0.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 97.6K | $46.8M | 0.5% | +0.4% |
| SPGI S&P GLOBAL INC | Services media | 109.5K | $46.6M | 0.5% | -1.1% |
| LIN LINDE PLC | Materials | 93.7K | $46.4M | 0.5% | -12.5% |
| LLY ELI LILLY & CO | Healthcare | 47.1K | $43.4M | 0.5% | -0.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 253.5K | $40.5M | 0.5% | -3.4% |
| NFLX NETFLIX INC | Services media | 412.4K | $39.7M | 0.5% | +3.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 155.0K | $37.9M | 0.4% | -0.7% |
| DE DEERE & CO | Industrials | 63.9K | $36.0M | 0.4% | -15.8% |
| XOM EXXON MOBIL CORP | Energy | 206.4K | $35.0M | 0.4% | +0.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 235.0K | $34.4M | 0.4% | +3.6% |
| MU MICRON TECHNOLOGY INC | Technology | 101.7K | $34.3M | 0.4% | +4.3% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 104.8K | $33.6M | 0.4% | -4.5% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 202.4K | $32.0M | 0.4% | +9.8% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 395.0K | $31.6M | 0.4% | +3.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 154.8K | $31.5M | 0.4% | +4.1% |
| VRSK VERISK ANALYTICS INC | Technology | 163.5K | $31.0M | 0.4% | +3.2% |
| FAST FASTENAL CO | Consumer discretionary | 660.4K | $30.6M | 0.4% | -3.2% |
| CSCO CISCO SYSTEMS INC | Technology | 390.6K | $30.3M | 0.4% | +3.5% |
| SCI SERVICE CORP INTERNATIONAL | Services media | 355.0K | $29.3M | 0.3% | -4.3% |
| CHD CHURCH & DWIGHT CO INC | Other | 311.0K | $29.0M | 0.3% | -14.2% |
| APH AMPHENOL CORP-CL A | Technology | 229.1K | $28.9M | 0.3% | +4.3% |
| RMD RESMED INC | Healthcare | 127.9K | $28.7M | 0.3% | +4.6% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 606.2K | $27.5M | 0.3% | +5.7% |
| CVX CHEVRON CORP | Energy | 131.5K | $27.2M | 0.3% | -1.7% |
| CTAS CINTAS CORP | Other | 160.2K | $27.1M | 0.3% | +1.7% |
| AMAT APPLIED MATERIALS INC | Technology | 77.8K | $26.6M | 0.3% | +3.5% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 522.2K | $26.3M | 0.3% | +14.6% |
| CAT CATERPILLAR INC | Industrials | 36.6K | $25.9M | 0.3% | -3.4% |
| LRCX LAM RESEARCH CORP | Industrials | 120.5K | $25.7M | 0.3% | +3.3% |
| ITW ILLINOIS TOOL WORKS | Industrials | 98.6K | $25.7M | 0.3% | -10.7% |
| MA MASTERCARD INC - A | Services media | 51.3K | $25.6M | 0.3% | -0.5% |
| ABBV ABBVIE INC | Healthcare | 108.0K | $23.5M | 0.3% | 0.0% |
| HD HOME DEPOT INC | Consumer discretionary | 69.4K | $22.8M | 0.3% | -2.3% |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 193.9K | $22.8M | 0.3% | -9.4% |
| STE STERIS PLC | Healthcare | 101.4K | $22.4M | 0.3% | +5.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 588 | $8.57B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 592 | $8.58B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 601 | $7.46B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 601 | $6.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 594 | $5.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 589 | $4.73B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 585 | $4.24B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 574 | $3.50B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 583 | $3.34B | canonical | SEC ↗ |
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