# Norinchukin Bank, The

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1496637. Source: https://holderbook.com/funds/1496637-norinchukin-bank-the/

- Reported value: $10.3B
- Positions: 567
- Weight of the ten largest: 43.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $920.8M | 1,233,000 | 9.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $613.4M | 819,080 | 6.0% | 8 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $503.5M | 733,080 | 4.9% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $386.7M | 1,045,000 | 3.8% | 4 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $369.0M | 2,246,560 | 3.6% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $366.6M | 1,832,081 | 3.6% | 31 |
| J P MORGAN EXCHANGE TRADED F | [BBUS](https://holderbook.com/stocks/BBUS/) | $331.3M | 2,459,000 | 3.2% | 3 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $327.2M | 1,080,000 | 3.2% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $317.5M | 1,097,240 | 3.1% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $308.6M | 3,511,270 | 3.0% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $299.6M | 10,180,000 | 2.9% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $206.0M | 864,176 | 2.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $200.9M | 538,688 | 2.0% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $191.5M | 260,000 | 1.9% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $152.3M | 426,036 | 1.5% | 31 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $147.9M | 6,494,554 | 1.4% | 13 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $134.0M | 1,298,000 | 1.3% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $132.2M | 349,853 | 1.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $123.4M | 349,386 | 1.2% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $121.6M | 105,306 | 1.2% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $103.2M | 300,000 | 1.0% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $100.2M | 238,220 | 1.0% | 27 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $94.8M | 168,224 | 0.9% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $91.4M | 157,324 | 0.9% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $84.9M | 247,328 | 0.8% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $76.0M | 81,210 | 0.7% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $64.2M | 459,606 | 0.6% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $63.5M | 155,000 | 0.6% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $62.5M | 209,552 | 0.6% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $57.9M | 48,255 | 0.6% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $57.1M | 79,045 | 0.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $55.4M | 169,305 | 0.5% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $53.1M | 122,596 | 0.5% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $50.9M | 449,267 | 0.5% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $48.6M | 119,306 | 0.5% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $47.6M | 91,783 | 0.5% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $46.3M | 394,019 | 0.5% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $44.0M | 249,346 | 0.4% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $42.4M | 66,830 | 0.4% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $39.3M | 130,098 | 0.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $38.2M | 150,334 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $36.5M | 73,026 | 0.4% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $35.9M | 104,196 | 0.3% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $35.6M | 235,071 | 0.3% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $35.3M | 491,724 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $34.8M | 32,691 | 0.3% | 31 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $34.4M | 1,088,517 | 0.3% | 31 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $34.1M | 175,178 | 0.3% | 31 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $33.6M | 442,479 | 0.3% | 7 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $31.7M | 13,943 | 0.3% | 3 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $31.7M | 186,263 | 0.3% | 31 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $31.2M | 650,475 | 0.3% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $30.9M | 341,927 | 0.3% | 14 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $30.9M | 224,533 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $29.8M | 416,806 | 0.3% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $29.8M | 110,014 | 0.3% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $28.8M | 84,495 | 0.3% | 19 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $28.5M | 293,683 | 0.3% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $28.1M | 54,686 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $27.7M | 237,281 | 0.3% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $27.2M | 198,700 | 0.3% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $27.1M | 107,762 | 0.3% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $26.3M | 63,267 | 0.3% | 31 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $25.4M | 141,382 | 0.2% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $25.4M | 25,070 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $24.4M | 65,313 | 0.2% | 20 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $24.1M | 68,420 | 0.2% | 31 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $23.7M | 567,116 | 0.2% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $22.8M | 399,459 | 0.2% | 31 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $22.5M | 106,851 | 0.2% | 27 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $22.0M | 150,173 | 0.2% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $21.4M | 59,210 | 0.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $21.4M | 129,288 | 0.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $21.0M | 257,920 | 0.2% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $20.9M | 32,748 | 0.2% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $20.4M | 21,112 | 0.2% | 21 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $20.3M | 68,114 | 0.2% | 21 |
| TRADEWEB MKTS INC | [TW](https://holderbook.com/stocks/TW/) | $20.2M | 202,563 | 0.2% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $19.5M | 152,112 | 0.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $19.1M | 103,324 | 0.2% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $19.0M | 24,939 | 0.2% | 20 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $18.4M | 46,291 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $18.1M | 15,428 | 0.2% | 9 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $17.9M | 98,743 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $17.7M | 62,938 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $17.4M | 128,213 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $16.9M | 74,383 | 0.2% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $16.7M | 79,708 | 0.2% | 31 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $16.4M | 580,678 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $16.0M | 84,303 | 0.2% | 14 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $15.2M | 120,669 | 0.1% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $14.7M | 177,953 | 0.1% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $14.5M | 98,655 | 0.1% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $14.3M | 27,711 | 0.1% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $14.1M | 79,025 | 0.1% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $14.1M | 35,415 | 0.1% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $14.1M | 103,915 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $14.0M | 41,518 | 0.1% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $13.9M | 99,179 | 0.1% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $13.0M | 48,190 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.7% | +14.8% | -0.1% | 100% |
| Q1 2026 | -4.7% | -4.6% | -0.0% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.6% | 100% |
| Q3 2025 | +6.5% | +7.8% | -1.3% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.4% | 100% |
| Q1 2025 | -3.5% | -4.6% | +1.0% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.8% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.3B | 567 |
| Q1 2026 | $8.6B | 560 |
| Q4 2025 | $8.6B | 564 |
| Q3 2025 | $7.5B | 567 |
| Q2 2025 | $6.7B | 567 |
| Q1 2025 | $5.4B | 560 |
| Q4 2024 | $4.7B | 556 |
| Q3 2024 | $4.2B | 552 |
| Q2 2024 | $3.5B | 542 |
| Q1 2024 | $3.3B | 550 |
| Q4 2023 | $4.3B | 555 |
| Q3 2023 | $4.3B | 546 |