CIK: 1542927
NATIONAL MUTUAL INSURANCE FEDERATION OF AGRICULTURAL COOPERATIVES
Address: JA KYOSAI BUILDING 2-7-9, HIRAKAWA-CHO, CHIYODA-KU, TOKYO, JAPAN, M0 102-8630
α Alpha 0.87↭ Flow 0.38Mixed Active/Passive
43holdings (Q4 2025)
$13.64B13F reported value
+1 NEW+26 INCREASED-8 DECREASED-1 EXITED7 UNCHANGED
Total (Q4 25): $13,637,345,513
Top Holdings by Value
Position Changes (Q4 vs Q3)
Top 15 Positions ($)
Historical AUM (13F Reported)
$9.46B+$1.40B QoQPortfolio Value History (13F Reported)
Quarterly 13F portfolio value. QoQ change reflects value of disclosed long equity positions (new buys, sells, and price movements combined).
| Quarter | Portfolio Value | QoQ Change | QoQ % |
|---|---|---|---|
| Q4 25 | $13.64B | +$0.45B | +3.4% |
| Q3 25 | $13.18B | +$0.83B | +6.7% |
| Q2 25 | $12.36B | +$1.23B | +11.0% |
| Q1 25 | $11.13B | $-0.54B | -4.6% |
| Q4 24 | $11.67B | +$0.55B | +4.9% |
| Q3 24 | $11.12B | +$1.10B | +10.9% |
| Q2 24 | $10.03B | +$0.56B | +5.9% |
| Q1 24 | $9.46B | +$0.67B | +7.6% |
| Q4 23 | $8.79B | +$0.68B | +8.4% |
| Q3 23 | $8.11B | $-0.38B | -4.5% |
| Q2 23 | $8.49B | +$0.43B | +5.4% |
| Q1 23 | $8.06B | — | — |
QoQ = (quarter 13F value − prior quarter value) ÷ prior quarter value. Includes position changes, new buys, and exits. Not investment advice.
Information for Viewing 13F Reports:
- Name: The name of the company.
- CUSIP: A unique 9-character alphanumeric code that identifies a specific stock or security in the U.S.
- Class: The investment company's series name. A registered investment company may have multiple series, each with a separate securities portfolio.
- Value: The monetary value of the holdings in USD.
- Shares: The number of shares held.
- Share Price: The price of shares at the time of filing.
- Investment: The type of investment.
- % of Portfolio: The percentage that this position represents in the total portfolio.
| Quarter | Period of Report | Holdings | Value | Type | Filling Date | Filling ID |
|---|---|---|---|---|---|---|
| Q4 25 | 31-Dec-2025 | 42 | $13,637,345,513 | 13F-HR | 4-Feb-2026 | 0000929638-26-000490 |
| Q3 25 | 30-Sep-2025 | 42 | $13,183,442,071 | 13F-HR | 4-Nov-2025 | 0000929638-25-004118 |
| Q2 25 | 30-Jun-2025 | 43 | $12,357,582,143 | 13F-HR | 8-Aug-2025 | 0000929638-25-002941 |
| Q1 25 | 31-Mar-2025 | 43 | $11,132,437,089 | 13F-HR | 5-May-2025 | 0000929638-25-001776 |
| Q4 24 | 31-Dec-2024 | 45 | $11,672,111,440 | 13F-HR | 31-Jan-2025 | 0000929638-25-000460 |
| Q3 24 | 30-Sep-2024 | 45 | $11,122,341,221 | 13F-HR | 24-Oct-2024 | 0000929638-24-003576 |
| Q2 24 | 30-Jun-2024 | 45 | $10,025,375,122 | 13F-HR | 31-Jul-2024 | 0000929638-24-002696 |
| Q1 24 | 31-Mar-2024 | 43 | $9,463,311,935 | 13F-HR | 24-Apr-2024 | 0000929638-24-001550 |
| Q4 23 | 31-Dec-2023 | 43 | $8,794,810,029 | 13F-HR | 6-Feb-2024 | 0000929638-24-000377 |
| Q3 23 | 30-Sep-2023 | 44 | $8,111,937,954 | 13F-HR | 24-Oct-2023 | 0000929638-23-002821 |
| Q2 23 | 30-Jun-2023 | 44 | $8,491,691,566 | 13F-HR | 3-Aug-2023 | 0000929638-23-002148 |
| Q1 23 | 31-Mar-2023 | 44 | $8,057,505,946 | 13F-HR | 28-Apr-2023 | 0000929638-23-001246 |
| Q4 22 | 31-Dec-2022 | 43 | $8,159,237,851 | 13F-HR | 6-Feb-2023 | 0000929638-23-000273 |
| Q3 22 | 30-Sep-2022 | 44 | $8,866,729,000 | 13F-HR | 2-Nov-2022 | 0001567619-22-019041 |
| Q2 22 | 30-Jun-2022 | 45 | $9,431,216,000 | 13F-HR | 29-Jul-2022 | 0001567619-22-014625 |
| Q1 22 | 31-Mar-2022 | 46 | $11,280,927,000 | 13F-HR | 25-Apr-2022 | 0001567619-22-008861 |
| Q4 21 | 31-Dec-2021 | 46 | $12,440,521,000 | 13F-HR | 24-Jan-2022 | 0001567619-22-001484 |
| Q3 21 | 30-Sep-2021 | 44 | $11,511,209,000 | 13F-HR | 26-Oct-2021 | 0001567619-21-018681 |
| Q2 21 | 30-Jun-2021 | 46 | $11,579,398,000 | 13F-HR | 26-Jul-2021 | 0001567619-21-013943 |
| Q1 21 | 31-Mar-2021 | 48 | $10,447,153,000 | 13F-HR | 28-Apr-2021 | 0001567619-21-008672 |
| Q4 20 | 31-Dec-2020 | 51 | $10,211,889,000 | 13F-HR | 26-Jan-2021 | 0001567619-21-001484 |
| Q3 20 | 30-Sep-2020 | 55 | $9,438,889,000 | 13F-HR | 27-Oct-2020 | 0001567619-20-018196 |
| Q2 20 | 30-Jun-2020 | 55 | $8,321,572,000 | 13F-HR | 20-Jul-2020 | 0001567619-20-013448 |
| Q1 20 | 31-Mar-2020 | 55 | $6,790,425,000 | 13F-HR | 23-Apr-2020 | 0001567619-20-008283 |
| Q4 19 | 31-Dec-2019 | 63 | $8,362,988,000 | 13F-HR | 29-Jan-2020 | 0001567619-20-001684 |
| Q3 19 | 30-Sep-2019 | 63 | $7,910,151,000 | 13F-HR | 28-Oct-2019 | 0001567619-19-020027 |
| Q2 19 | 30-Jun-2019 | 63 | $7,984,754,000 | 13F-HR | 2-Aug-2019 | 0001567619-19-015665 |
| Q1 19 | 31-Mar-2019 | 57 | $8,164,930,000 | 13F-HR | 10-May-2019 | 0001567619-19-010348 |
| Q4 18 | 31-Dec-2018 | 55 | $7,380,558,000 | 13F-HR | 12-Feb-2019 | 0001567619-19-003107 |
| Q3 18 | 30-Sep-2018 | 54 | $7,824,831,000 | 13F-HR | 13-Nov-2018 | 0001567619-18-005736 |
| Q2 18 | 30-Jun-2018 | 55 | $7,951,853,000 | 13F-HR | 10-Aug-2018 | 0001567619-18-000290 |
| Q1 18 | 31-Mar-2018 | 59 | $5,996,841,000 | 13F-HR | 10-May-2018 | 0001140361-18-022708 |
| Q4 17 | 31-Dec-2017 | 60 | $5,591,836,000 | 13F-HR | 9-Feb-2018 | 0001140361-18-005984 |
| Q1 17 | 31-Mar-2017 | 53 | $4,758,532 | 13F-HR | 11-May-2017 | 0001140361-17-019488 |
| Q4 16 | 31-Dec-2016 | 53 | $4,322,028 | 13F-HR | 10-Feb-2017 | 0001140361-17-005725 |
| Q3 16 | 30-Sep-2016 | 50 | $3,984,636 | 13F-HR | 14-Nov-2016 | 0001140361-16-085997 |
| Q2 16 | 30-Jun-2016 | 50 | $3,153,737 | 13F-HR | 12-Aug-2016 | 0001140361-16-076112 |
| Q1 16 | 31-Mar-2016 | 51 | $2,573,219 | 13F-HR | 16-May-2016 | 0001140361-16-065372 |
| Q4 15 | 31-Dec-2015 | 56 | $2,908,017 | 13F-HR | 8-Feb-2016 | 0001140361-16-050585 |