National Mutual Insurance Federation of Agricultural Cooperatives
InsuranceCIK
1542927
Location
TOKYO, JAPAN, M0
Portfolio Value
Small
$365,705,591
Diversification
Highly concentrated
Filing Date
Global Rank
#637
/ 8,232
▲ 34
Top Industry
Semiconductors
14.6%
3Y Alpha vs SPY
+1.5%
Period ended 2 months ago
Filed Apr 28, 2026 · 47d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+82.8%
SPY
+76.3%
Annualised alpha
+1.5%
Max drawdown
−20.1%
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
32 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
44.3%
+0.4 pts
Top 5
77.8%
−0.1 pts
Top 10
84.7%
−0.6 pts
HHI
2,702
Highly concentrated+20
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 70.8% | $2,717,740,482 |
| Technology | 9.5% | $365,705,591 |
| Financial Services | 5.5% | $211,938,328 |
| Communication Services | 4.4% | $169,350,978 |
| Healthcare | 2.5% | $94,147,656 |
| Consumer Defensive | 2.3% | $89,220,164 |
| Consumer Cyclical | 2.1% | $79,201,804 |
| Industrials | 1.7% | $63,795,797 |
| Energy | 1.3% | $48,765,422 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AVGO | Broadcom Inc. | +54,000 | 99,000 | $30,641,490 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GOOGL | Alphabet Inc. | −20,500 | 340,000 | $97,770,400 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HON | Honeywell International Inc | 71,000 | $13,851,390 | |
| No positions match the current search. | ||||
7 positions ·
$365,705,591 total
· Technology only
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Held | 511,000 | $89,118,400 | 24.37% | |
| AAPL |
Apple Inc.
Technology
|
Held | 319,400 | $81,060,526 | 22.17% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 177,900 | $65,853,243 | 18.01% | |
| MU |
Micron Technology Inc
Technology
|
Held | 132,000 | $44,594,880 | 12.19% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Held | 105,000 | $35,887,950 | 9.81% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 99,000 | $30,641,490 | 8.38% | |
| INTU |
Intuit Inc.
Technology
|
Held | 42,900 | $18,549,102 | 5.07% |