Institution

Daiwa Securities Group Inc.

13F for the quarter to June 30, 2026, filed July 31, 2026 · SEC CIK 1481045

Reported value: $44.1bn
Positions we cover: 1,003
Copy, a year: +11.0%
Copy Sharpe ratio: 0.54

How copying its 13F would have done

CopyS&P 500 $10,000 copying Daiwa Securities Group Inc.'s filed holdings in companies we cover from August 23, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −39.3% (S&P 500 −31.8%); beta 0.96; alpha −1.8% a year (t = −0.59); last 12 months +10.8% against +12.1%.

Reported value by quarter

Daiwa Securities Group Inc.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$12.9B
2013-09-30	$12.2B
2013-12-31	$11.4B
2014-03-31	$12.5B
2014-06-30	$26.4B
2014-09-30	$13B
2014-12-31	$14B
2015-03-31	$14.7B
2015-06-30	$13.8B
2015-09-30	$13.8B
2015-12-31	$14.8B
2016-03-31	$15.5B
2016-06-30	$16.4B
2016-09-30	$16.5B
2016-12-31	$15.2B
2017-03-31	$15.5B
2017-06-30	$15.2B
2017-09-30	$14.2B
2017-12-31	$13.8B
2018-03-31	$11.8B
2018-06-30	$12.1B
2018-09-30	$11.3B
2018-12-31	$10B
2019-03-31	$11B
2019-06-30	$10.8B
2019-09-30	$11.6B
2019-12-31	$11.8B
2020-03-31	$9.3B
2020-06-30	$4.4B
2020-09-30	$10.8B
2020-12-31	$12.6B
2021-03-31	$13.1B
2021-06-30	$14.2B
2021-09-30	$14.4B
2021-12-31	$16.2B
2022-03-31	$15.3B
2022-06-30	$12.8B
2022-09-30	$11.8B
2022-12-31	$12.6B
2026-03-31	$34.5B
2026-06-30	$44.1B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	8.76%	$3.9bn	19.31M	+45.1% Added
MSFTMicrosoft Corporation	7.63%	$3.4bn	9.03M	+49.9% Added
AAPLApple Inc.	5.34%	$2.4bn	8.15M	+12.6% Added
GOOGLAlphabet Inc. (Class A)	4.13%	$1.8bn	5.10M	−6.0% Reduced
AVGOBroadcom	3.65%	$1.6bn	4.27M	−6.5% Reduced
AMZNAmazon	3.35%	$1.5bn	6.21M	−3.3% Reduced
MUMicron Technology	3.20%	$1.4bn	1.22M	−35.1% Reduced
METAMeta Platforms	2.66%	$1.2bn	2.09M	+25.4% Added
WELLWelltower	2.10%	$925.3m	4.08M	−4.8% Reduced
NFLXNetflix	2.01%	$888.7m	12.45M	+45.6% Added
PLTRPalantir Technologies Inc.	1.94%	$856.4m	7.34M	+18.1% Added
DLRDigital Realty	1.72%	$757.5m	4.22M	+1.8% Added
PLDPrologis	1.41%	$619.9m	4.58M	−6.1% Reduced
INTCIntel	1.21%	$533.1m	3.82M	+98.8% Added
LRCXLam Research	1.18%	$520.6m	1.20M	+3.1% Added
TSLATesla, Inc.	1.16%	$513.9m	1.22M	+74.0% Added
EQIXEquinix	0.97%	$428.5m	411.1K	−6.5% Reduced
CCICrown Castle	0.81%	$356.3m	4.71M	+7.3% Added
KIMKimco Realty	0.79%	$347.6m	13.71M	+2.6% Added
SPGSimon Property Group	0.77%	$337.4m	1.51M	−4.4% Reduced
SNDKSandisk	0.76%	$334.0m	146.9K	+802.4% Added
AMDAdvanced Micro Devices	0.72%	$318.6m	548.4K	+6.0% Added
EXRExtra Space Storage	0.68%	$300.9m	2.07M	−29.3% Reduced
VTRVentas	0.67%	$296.8m	3.34M	−37.9% Reduced
PSAPublic Storage	0.66%	$293.2m	921.0K	+3.4% Added
BXPBXP, Inc.	0.61%	$271.1m	4.09M	−5.3% Reduced
ORCLOracle Corporation	0.57%	$253.8m	1.73M	+6.5% Added
ELSEquity Lifestyle Properties Inc	0.54%	$239.8m	3.72M	+5.5% Added
ESSEssex Property Trust	0.54%	$238.3m	817.2K	−11.6% Reduced
IRMIron Mountain	0.53%	$235.1m	1.86M	−40.1% Reduced
ADCAgree Realty Corp	0.50%	$221.3m	2.92M	−1.3% Reduced
QCOMQualcomm	0.50%	$220.9m	1.20M	+0.7% Added
SUISUN Communities Inc	0.49%	$217.1m	1.81M	+2.4% Added
CATCaterpillar Inc.	0.47%	$206.7m	194.1K	+11.2% Added
AHRAmerican Healthcare Reit, Inc.	0.45%	$200.4m	3.84M	+741.7% Added
JPMJPMorgan Chase	0.44%	$196.1m	599.0K	+2.4% Added
IRENIREN Ltd	0.44%	$193.7m	4.24M	+13927.7% Added
LLYLilly (Eli)	0.43%	$192.2m	160.2K	+6.4% Added
AMATApplied Materials	0.40%	$178.1m	246.4K	+13.1% Added
EGPEastgroup Properties Inc	0.39%	$170.6m	842.3K	−4.3% Reduced
HRHealthcare Realty Trust Inc	0.37%	$163.5m	8.11M	−3.8% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.36%	$160.6m	336.3K	+189.1% Added
INVHInvitation Homes	0.36%	$160.2m	5.30M	−3.3% Reduced
WMTWalmart	0.36%	$158.3m	1.40M	+6.6% Added
OHIOmega Healthcare Investors Inc	0.36%	$157.5m	3.30M	+29.6% Added
KRCKilroy Realty Corp	0.35%	$155.5m	4.15M	−10.6% Reduced
CSCOCisco	0.35%	$155.3m	1.32M	+2.4% Added
EPRTEssential Properties Realty Trust, Inc.	0.35%	$154.9m	5.19M	−1.8% Reduced
VVisa Inc.	0.34%	$148.5m	432.7K	+10.3% Added
LAMRLamar Advertising Co	0.34%	$147.7m	947.2K	−18.8% Reduced
UDRUDR, Inc.	0.33%	$145.8m	3.65M	−18.0% Reduced
COSTCostco	0.33%	$145.3m	155.3K	+4.1% Added
KLACKLA Corporation	0.32%	$143.0m	474.1K	+1017.2% Added
JNJJohnson & Johnson	0.31%	$135.0m	531.5K	−3.1% Reduced
GSGoldman Sachs	0.30%	$133.0m	131.5K	−1.9% Reduced
GEVGE Vernova	0.29%	$126.3m	107.5K	+3.9% Added
CTRECaretrust Reit, Inc.	0.28%	$125.3m	3.11M	+56.6% Added
NETCloudflare, Inc.	0.26%	$114.9m	468.3K	+967.3% Added
TXNTexas Instruments	0.24%	$107.9m	361.8K	+31.5% Added
ORealty Income	0.24%	$107.6m	1.74M	−2.6% Reduced
RHPRyman Hospitality Properties, Inc.	0.23%	$103.4m	804.2K	−2.2% Reduced
SPCXSpace Exploration Technologies Corp	0.23%	$102.6m	600.7K	New
UNHUnitedHealth Group	0.23%	$102.3m	246.0K	−78.6% Reduced
CURBCurbline Properties Corp.	0.23%	$100.2m	3.30M	−2.9% Reduced
ABBVAbbVie	0.23%	$99.6m	395.8K	+8.8% Added
AURAurora Innovation, Inc.	0.22%	$98.0m	14.37M	New
CUBECubesmart	0.22%	$97.4m	2.45M	+2614.2% Added
MAMastercard	0.22%	$96.6m	188.1K	+7.6% Added
HDThe Home Depot	0.21%	$92.3m	261.8K	+1.9% Added
AMGNAmgen	0.20%	$90.3m	249.3K	+2.5% Added
NNNNNN Reit, Inc.	0.20%	$89.8m	1.93M	+2360.2% Added
GEGE Aerospace	0.19%	$84.8m	226.8K	−2.6% Reduced
LINLinde plc	0.19%	$82.0m	158.0K	+3.9% Added
CVXChevron Corporation	0.18%	$81.5m	491.9K	+4.7% Added
MRVLMarvell Technology	0.18%	$80.2m	269.1K	+54.1% Added
PANWPalo Alto Networks	0.18%	$79.9m	234.3K	+5.5% Added
BACBank of America	0.17%	$77.0m	1.35M	+13.2% Added
PGProcter & Gamble	0.17%	$74.4m	507.4K	+3.6% Added
KOThe Coca-Cola Company	0.16%	$70.8m	871.1K	−1.7% Reduced
IBMIBM	0.16%	$70.7m	251.6K	+2.7% Added
MRKMerck & Co.	0.16%	$69.8m	543.3K	+5.8% Added
MELIMercadolibre Inc	0.15%	$68.0m	40.1K	+317.2% Added
PEPPepsiCo	0.15%	$65.0m	480.3K	−58.3% Reduced
PMPhilip Morris International	0.14%	$64.1m	354.3K	−12.6% Reduced
ADIAnalog Devices	0.14%	$64.0m	161.1K	+2.6% Added
STXSeagate Technology	0.14%	$63.9m	66.2K	+13.9% Added
HSTHost Hotels & Resorts	0.14%	$63.0m	2.66M	−64.3% Reduced
WDCWestern Digital	0.14%	$62.8m	98.3K	+8.5% Added
DASHDoorDash	0.14%	$62.5m	338.5K	+190.3% Added
HIWHighwoods Properties, Inc.	0.14%	$62.4m	2.07M	−1.6% Reduced
AXPAmerican Express	0.14%	$61.4m	181.4K	−2.5% Reduced
MCDMcDonald's	0.13%	$56.3m	208.3K	+0.7% Added
APHAmphenol	0.12%	$54.6m	309.8K	+22.1% Added
ISRGIntuitive Surgical	0.12%	$52.4m	131.9K	+12.3% Added
IOTSamsara Inc.	0.12%	$52.1m	1.61M	+5180.3% Added
IONQIonQ, Inc.	0.12%	$51.8m	973.4K	+3673.0% Added
BKNGBooking Holdings	0.12%	$51.6m	289.5K	+2490.0% Added
CCitigroup	0.12%	$51.4m	367.1K	+18.4% Added
AMEAmetek	0.11%	$49.4m	204.0K	+31.7% Added
TTTrane Technologies	0.11%	$48.3m	98.4K	+11.1% Added
BABoeing	0.11%	$46.7m	215.8K	−0.2%
MSMorgan Stanley	0.11%	$46.6m	223.1K	+7.1% Added
DHRDanaher Corporation	0.10%	$46.4m	243.8K	+5.4% Added
RTXRTX Corporation	0.10%	$46.2m	243.3K	+6.2% Added
WFCWells Fargo	0.10%	$45.9m	555.7K	+2.6% Added
GILDGilead Sciences	0.10%	$45.7m	361.9K	+7.9% Added
TRVThe Travelers Companies	0.10%	$43.4m	131.4K	+4.7% Added
AFRMAffirm Holdings, Inc.	0.10%	$43.2m	529.3K	+2049.6% Added
PWRQuanta Services	0.10%	$43.0m	59.7K	−4.0% Reduced
SYMSymbotic Inc.	0.10%	$42.6m	947.3K	New
BXDCBlackstone Digital Infrastructure Trust Inc.	0.10%	$42.5m	1.96M	New
SHWSherwin-Williams	0.10%	$42.2m	122.4K	−2.1% Reduced
RPRXRoyalty Pharma plc	0.10%	$42.0m	749.0K	+1690.8% Added
ETNEaton Corporation	0.09%	$41.4m	97.2K	+2.2% Added
ROIVRoivant Sciences Ltd.	0.09%	$41.3m	1.17M	+11541.1% Added
APPApplovin Corp	0.09%	$41.2m	79.9K	+3.1% Added
NEENextEra Energy	0.09%	$40.9m	466.1K	+0.3%
TMUST-Mobile US	0.09%	$40.9m	243.8K	−76.1% Reduced
QXOQXO, Inc.	0.09%	$40.9m	2.36M	New
CRMSalesforce	0.09%	$39.7m	253.4K	−5.9% Reduced
JCIJohnson Controls	0.09%	$39.5m	270.4K	+3.5% Added
VZVerizon	0.09%	$39.1m	923.6K	−18.4% Reduced
TMOThermo Fisher Scientific	0.09%	$38.8m	77.3K	+7.3% Added
DISThe Walt Disney Company	0.09%	$38.4m	399.0K	+2.8% Added
GLWCorning Inc.	0.09%	$38.4m	150.2K	+9.3% Added
MTDMettler Toledo	0.09%	$38.3m	30.0K	+72.3% Added
ADBEAdobe Inc.	0.09%	$38.3m	186.8K	+5.7% Added
PHParker Hannifin	0.09%	$38.1m	39.0K	+7.7% Added
SNPSSynopsys Inc	0.09%	$38.1m	85.3K	+3.9% Added
IRIngersoll Rand	0.09%	$37.4m	456.5K	+44.3% Added
MOAltria	0.08%	$37.3m	518.1K	−13.4% Reduced
CDNSCadence Design Systems Inc	0.08%	$37.1m	98.8K	+1.6% Added
HONHoneywell Technologies	0.08%	$37.0m	165.1K	New
HONAHoneywell Aerospace	0.08%	$36.5m	165.1K	New
RGENRepligen Corp	0.08%	$36.3m	266.0K	+10.9% Added
TJXTJX Companies	0.08%	$35.7m	235.9K	+10.5% Added
ANETArista Networks	0.08%	$35.7m	210.1K	−3.6% Reduced
MKSIMKS Inc	0.08%	$35.6m	80.1K	−25.3% Reduced
VRTXVertex Pharmaceuticals	0.08%	$35.5m	71.5K	+5.9% Added
JOBYJoby Aviation, Inc.	0.08%	$35.4m	3.97M	New
SCHWCharles Schwab Corporation	0.08%	$35.4m	383.9K	+22.0% Added
FTNTFortinet	0.08%	$34.8m	226.7K	+3.0% Added
ENTGEntegris Inc	0.08%	$34.4m	191.5K	+19.5% Added
RRXRegal Rexnord Corp	0.08%	$33.7m	141.6K	−22.2% Reduced
SBUXStarbucks	0.07%	$33.2m	324.6K	+6.2% Added
CWCurtiss Wright Corp	0.07%	$33.1m	43.7K	−3.7% Reduced
VRTVertiv	0.07%	$32.5m	97.1K	−3.8% Reduced
STSensata Technologies Holding plc	0.07%	$32.4m	679.0K	+1613.7% Added
UBERUber	0.07%	$32.1m	444.6K	+5.0% Added
ORLYO'Reilly Automotive	0.07%	$31.7m	344.6K	+25.3% Added

Company	Bought (value)	Shares
NVDANVIDIA Corporation	$1.2bn	6.00M
MSFTMicrosoft Corporation	$1.1bn	3.00M
SNDKSandisk	$297.0m	130.6K
NFLXNetflix	$278.2m	3.90M
INTCIntel	$264.9m	1.90M
AAPLApple Inc.	$264.7m	914.9K
METAMeta Platforms	$238.1m	422.8K
TSLATesla, Inc.	$218.6m	519.6K
IRENIREN Ltd	$192.3m	4.21M
AHRAmerican Healthcare Reit, Inc.	$176.5m	3.39M
PLTRPalantir Technologies Inc.	$131.0m	1.12M
KLACKLA Corporation	$130.2m	431.7K
TSMTaiwan Semiconductor Manufacturing Co LTD	$105.0m	220.0K
NETCloudflare, Inc.	$104.1m	424.4K
SPCXSpace Exploration Technologies Corp	$102.6m	600.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MUMicron Technology	−$763.2m	−661.2K
UNHUnitedHealth Group	−$375.6m	−903.8K
VTRVentas	−$181.2m	−2.04M
IRMIron Mountain	−$157.4m	−1.25M
TMUST-Mobile US	−$130.1m	−775.7K
EXRExtra Space Storage	−$124.5m	−856.5K
GOOGLAlphabet Inc. (Class A)	−$115.7m	−323.7K
HSTHost Hotels & Resorts	−$113.3m	−4.78M
AVGOBroadcom	−$112.5m	−297.8K
ADPAutomatic Data Processing	−$110.7m	−494.4K
PEPPepsiCo	−$91.0m	−672.4K
AMZNAmazon	−$50.9m	−213.6K
SOFISoFi Technologies, Inc.	−$48.9m	−2.73M
WELLWelltower	−$47.0m	−206.9K
PLDPrologis	−$40.4m	−298.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
MIRMirion Technologies, Inc.	$22.6m	1.22M
FOURShift4 Payments, Inc.	$7.2m	163.6K
WPMWheaton Precious Metals Corp.	$3.0m	23.1K
VGVenture Global, Inc.	$2.2m	138.3K
BWABorgwarner Inc	$2.0m	36.9K
ROKURoku, Inc	$1.8m	18.8K
CYTKCytokinetics Inc	$1.5m	22.2K
CCJCameco Corp	$1.3m	12.0K
OKLOOklo Inc.	$1.2m	24.4K
SAPSAP SE	$1.1m	6.5K
EQHEquitable Holdings, Inc.	$949,756	25.6K
GRRRGorilla Technology Group Inc.	$925,587	87.9K
MEDPMedpace Holdings, Inc.	$811,521	1.7K
FHNFirst Horizon Corp	$807,980	35.5K
ALSNAllison Transmission Holdings Inc	$737,478	6.3K
ENPHEnphase Energy, Inc.	$692,793	18.3K
CAGConagra Brands Inc.	$612,954	39.0K
TEMTempus AI, Inc.	$610,470	13.5K
EPAMEPAM Systems, Inc.	$609,571	4.5K
POOLPool Corp	$540,626	2.7K
SCCOSouthern Copper Corp/	$481,080	2.8K
ALKSAlkermes plc.	$473,824	13.4K
VOYGVoyager Technologies, Inc.	$402,308	17.2K
CPBCampbell's Co	$357,166	16.0K
HBMHudbay Minerals Inc.	$319,770	15.3K
SMGScotts Miracle-gro Co	$308,732	5.1K
RGLDRoyal Gold Inc	$302,080	1.2K
TENBTenable Holdings, Inc.	$284,950	16.8K
BFHBread Financial Holdings, Inc.	$279,714	3.7K
TOLToll Brothers, Inc.	$259,293	1.9K

Technology44.3%
Real Estate20.7%
Communication Services9.9%
Consumer Discretionary6.6%
Industrials6.0%
Financials4.0%
Health Care3.9%
Consumer Staples2.0%
Materials1.0%
Utilities0.8%
Energy0.8%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 23, 2013 to November 2, 2026	+11.0%	+14.1%	0.54	0.78	−39.3%	0.96
2018 onwardsJanuary 5, 2018 to November 2, 2026	+10.1%	+13.9%	0.43	0.66	−39.3%	1.01
Last three yearsNovember 3, 2023 to November 2, 2026	+16.8%	+21.8%	0.92	1.16	−13.8%	0.77
Last yearNovember 7, 2025 to November 2, 2026	+10.8%	+14.2%	0.58	0.84	−7.3%	0.87

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.