Norinchukin Bank, The

CIK

1496637

Location

TOKYO, M0

Portfolio Value

Mid $5,879,284,587

Diversification

Diversified

Filing Date

Global Rank

#596 / 8,588 ▲ 3

Top Industry

Semiconductors 12.7%

3Y Alpha vs SPY

-3.6%

Period ended 3 months ago

Filed May 15, 2026 · 34d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.6%

SPY

+76.8%

Annualised alpha

-3.6%

Max drawdown

−17.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

546 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

13.6%

−0.2 pts

Top 5

32.7%

−1.3 pts

Top 10

42.9%

−1.9 pts

HHI

323

Diversified−17

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	26.9%	$1,580,425,874	90
Unclassified	18.8%	$1,102,682,606	3
Consumer Cyclical	9.8%	$573,787,835	56
Financial Services	9.1%	$537,564,521	72
Healthcare	8.2%	$479,528,665	61
Industrials	7.6%	$447,056,881	76
Communication Services	6.0%	$355,264,897	21
Consumer Defensive	5.6%	$327,553,797	35
Energy	2.4%	$140,139,455	22
Basic Materials	2.1%	$125,140,999	20
Real Estate	2.0%	$115,038,038	59
Utilities	1.6%	$95,101,019	31

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	+179,037	445,287	$55,340,268
NKE	NIKE, Inc.	+94,076	331,733	$17,522,136
MKC	Mccormick & Co Inc	+66,658	522,157	$26,337,598
CPRT	Copart Inc	+47,553	411,694	$13,668,240
CSX	Csx Corp	+42,518	191,173	$7,847,651
INTC	Intel Corp	+37,214	449,476	$19,835,375
NVDA	Nvidia Corp	+35,843	1,821,137	$317,606,292
AMZN	Amazon Com Inc	+33,082	896,961	$186,810,066
TSCO	Tractor Supply Co /De/	+32,783	606,234	$27,462,399
HBAN	Huntington Bancshares Inc /Md/	+26,565	115,763	$1,811,690
CMCSA	Comcast Corp	+25,744	368,684	$10,584,917
MSFT	Microsoft Corp	+25,244	617,893	$228,725,450
JKHY	Jack Henry & Associates Inc	+18,123	202,426	$31,991,404
WBD	Warner Bros. Discovery, Inc.	+15,514	322,825	$8,864,774
PANW	Palo Alto Networks Inc	+14,841	82,438	$13,216,460
FITB	Fifth Third Bancorp	+13,911	51,420	$2,388,973
AAPL	Apple Inc.	+13,640	1,086,823	$275,824,809
CSCO	Cisco Systems, Inc.	+13,373	390,623	$30,308,438
TSLA	Tesla, Inc.	+13,292	235,756	$87,642,293
EW	Edwards Lifesciences Corp	+13,065	395,023	$31,633,441
NFLX	Netflix Inc	+12,734	412,431	$39,655,240
CRH	Crh Public Ltd Co	+12,026	38,516	$4,048,801
V	Visa Inc.	+9,799	259,521	$78,437,626
APH	Amphenol Corp /De/	+9,524	229,073	$28,943,372
AVGO	Broadcom Inc.	+8,497	346,329	$107,192,288
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TXN	Texas Instruments Inc	−60,431	261,257	$50,720,433
CHD	Church & Dwight Co Inc /De/	−51,578	310,992	$29,021,773
T	At&T Inc.	−28,810	377,854	$10,953,987
FAST	Fastenal Co	−21,485	660,445	$30,644,647
TW	Tradeweb Markets Inc.	−20,009	193,898	$22,814,038
SCI	Service Corp International	−16,000	355,014	$29,292,204
LIN	Linde PLC	−13,328	93,673	$46,439,326
DE	Deere & Co	−11,984	63,873	$35,979,660
ITW	Illinois Tool Works Inc	−11,766	98,623	$25,670,580
TJX	Tjx Companies Inc /De/	−8,932	253,549	$40,491,774
SHW	Sherwin Williams Co	−4,919	104,818	$33,599,409
BAC	Bank Of America Corp /De/	−4,434	404,757	$19,731,903
LUV	Southwest Airlines Co	−3,095	20,064	$753,804
ZTS	Zoetis Inc.	−2,855	400,698	$47,366,510
DAL	Delta Air Lines, Inc.	−2,836	26,972	$1,793,098
JPM	Jpmorgan Chase & Co	−2,514	172,155	$50,641,114
UNP	Union Pacific Corp	−2,504	25,017	$6,069,624
C	Citigroup Inc	−2,379	106,584	$12,087,691
CVX	Chevron Corp	−2,259	131,547	$27,217,074
CRM	Salesforce, Inc.	−2,030	64,880	$12,111,149
DIS	Walt Disney Co	−2,027	113,985	$10,985,874
PG	PROCTER & GAMBLE Co	−1,956	145,753	$21,052,563
COST	Costco Wholesale Corp /New	−1,910	84,074	$83,773,855
UBER	Uber Technologies, Inc	−1,808	173,263	$12,462,807
HD	Home Depot, Inc.	−1,624	69,447	$22,840,423
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
VRT	Vertiv Holdings Co	15,240	$3,818,839
CIEN	Ciena Corp	8,243	$3,200,179
LITE	Lumentum Holdings Inc.	2,847	$2,000,757
COHR	Coherent Corp.	7,451	$1,774,902
AMCR	Amcor plc	30,261	$1,202,874
SATS	EchoStar CORP	5,373	$629,017
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
MTCH	Match Group, Inc.	23,089	$745,543
MOH	Molina Healthcare, Inc.	3,288	$570,599
PAYC	Paycom Software, Inc.	3,545	$564,931
LW	Lamb Weston Holdings, Inc.	7,147	$299,387
VNO	Vornado Realty Trust	7,376	$245,473
MRP	Millrose Properties, Inc.	7,050	$210,583
APLE	Apple Hospitality REIT, Inc.	10,075	$119,388
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

546 positions · $5,879,284,587 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 51–100 of 546 positions by value · page 2 of 11

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NWSA	News Corp Communication Services	Reduced	22,346	-67	$557,085	−4.8%	0.01%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	5,825	-49	$561,763	−2.2%	0.01%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Reduced	12,725	-386	$564,608	−3.6%	0.01%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	13,094	-430	$573,779	−4.3%	0.01%
SOLV	Solventum Corp Healthcare	Added	8,835	+23	$576,925	−17.4%	0.01%
RVTY	Revvity, Inc. Healthcare	Reduced	6,596	-54	$577,875	−10.2%	0.01%
ALLE	Allegion plc Industrials	Added	4,047	+5	$587,988	−8.6%	0.01%
BLDR	Builders FirstSource, Inc. Industrials	Added	7,287	+1	$599,938	−20.0%	0.01%
TTD	Trade Desk, Inc. Communication Services	Reduced	26,476	-12	$600,740	−40.3%	0.01%
ZBRA	Zebra Technologies Corp Technology	Reduced	2,933	-57	$613,231	−15.5%	0.01%
SATS	EchoStar CORP Communication Services	NEW	5,373	NEW	$629,017	NEW	0.01%
SUI	Sun Communities Inc Real Estate	Reduced	5,247	-143	$660,912	−1.0%	0.01%
SWK	Stanley Black & Decker, Inc. Industrials	Added	9,335	+6	$663,345	−4.3%	0.01%
IT	Gartner Inc Technology	Reduced	4,216	-40	$667,561	−37.8%	0.01%
AIZ	Assurant, Inc. Financial Services	Reduced	3,070	-8	$668,676	−9.8%	0.01%
GL	Globe Life Inc. Financial Services	Reduced	4,809	-29	$669,268	−1.1%	0.01%
WPC	W. P. Carey Inc. Real Estate	Reduced	9,853	-299	$669,609	+2.5%	0.01%
IVZ	Invesco Ltd. Financial Services	Reduced	27,703	-32	$672,905	−7.6%	0.01%
GDDY	GoDaddy Inc. Technology	Reduced	8,191	-54	$677,149	−33.8%	0.01%
DPZ	Dominos Pizza Inc Consumer Cyclical	Added	1,895	+2	$679,907	−13.8%	0.01%
GEN	Gen Digital Inc. Technology	Reduced	36,361	-202	$684,677	−31.1%	0.01%
LII	Lennox International Inc Industrials	Reduced	1,480	-12	$686,912	−5.2%	0.01%
ALGN	Align Technology Inc Healthcare	Reduced	4,027	-13	$690,348	+9.4%	0.01%
APA	APA Corp Energy	Reduced	16,340	-38	$693,469	+73.1%	0.01%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Reduced	15,386	-273	$714,218	−6.8%	0.01%
SMCI	Super Micro Computer, Inc. Technology	Added	31,372	+108	$714,340	−21.9%	0.01%
CLX	Clorox Co /De/ Consumer Defensive	Added	7,007	+10	$726,135	+2.9%	0.01%
LUV	Southwest Airlines Co Industrials	Reduced	20,064	-3,095	$753,804	−21.2%	0.01%
MAS	Masco Corp /De/ Industrials	Reduced	12,760	-115	$770,321	−5.7%	0.01%
ARM	Arm Holdings PLC /Uk Technology	Added	5,097	+476	$771,074	+52.7%	0.01%
PNW	Pinnacle West Capital Corp Utilities	Reduced	7,813	-11	$787,159	+13.4%	0.01%
HAS	Hasbro, Inc. Consumer Cyclical	Reduced	8,437	-27	$789,703	+13.8%	0.01%
BBY	Best Buy Co Inc Consumer Cyclical	Reduced	12,312	-103	$790,430	−4.9%	0.01%
BXP	BXP, Inc. Real Estate	Reduced	15,259	-246	$791,942	−24.3%	0.01%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	3,943	-60	$795,105	−5.0%	0.01%
LNT	Alliant Energy Corp Utilities	Added	11,178	+36	$802,133	+10.7%	0.01%
TSN	Tyson Foods, Inc. Consumer Defensive	Added	12,615	+1	$808,243	+9.3%	0.01%
DECK	Deckers Outdoor Corp Consumer Cyclical	Reduced	8,076	-268	$808,326	−6.6%	0.01%
EVRG	Evergy, Inc. Utilities	Added	10,022	+57	$821,002	+13.7%	0.01%
BG	Bunge Global SA Consumer Defensive	Reduced	6,530	-56	$830,616	+41.6%	0.01%
APTV	Aptiv PLC Consumer Cyclical	Reduced	12,003	-113	$833,488	−9.6%	0.01%
ZS	Zscaler, Inc. Technology	Added	5,977	+593	$838,513	−30.8%	0.01%
EG	Everest Group, Ltd. Financial Services	Reduced	2,574	-61	$841,311	−5.9%	0.01%
RL	Ralph Lauren Corp Consumer Cyclical	Added	2,450	+7	$842,775	−2.4%	0.01%
COO	Cooper Companies, Inc. Healthcare	Reduced	11,953	-50	$854,639	−13.1%	0.01%
AVY	Avery Dennison Corp Consumer Cyclical	Added	5,077	+10	$876,696	−4.9%	0.01%
INCY	Incyte Corp Healthcare	Added	9,315	+106	$876,727	−3.6%	0.01%
SNA	Snap-on Inc Industrials	Reduced	2,415	-21	$877,176	+4.5%	0.01%
IEX	Idex Corp /De/ Industrials	Added	4,648	+15	$881,028	+6.9%	0.01%
PNR	PENTAIR plc Industrials	Added	10,136	+15	$882,946	−16.2%	0.02%