Institution

Norinchukin Bank, The

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1496637

Reported value: $10.3bn
Positions we cover: 542
Copy, a year: +14.4%
Copy Sharpe ratio: 0.82

How copying its 13F would have done

CopyS&P 500 $10,000 copying Norinchukin Bank, The's filed holdings in companies we cover from August 16, 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 −29.7% (S&P 500 −31.8%); beta 0.96; alpha +0.7% a year (t = 1.13); last 12 months +10.8% against +12.1%.

Reported value by quarter

Norinchukin Bank, The: 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	$3.3B
2013-09-30	$3.5B
2013-12-31	$3.7B
2014-03-31	$3.5B
2014-06-30	$3.4B
2014-09-30	$3.5B
2014-12-31	$4.1B
2015-03-31	$4.1B
2015-06-30	$3.9B
2015-09-30	$3.8B
2015-12-31	$3.9B
2016-03-31	$4.1B
2016-06-30	$4.1B
2016-09-30	$4.2B
2016-12-31	$4.3B
2017-03-31	$4.6B
2017-06-30	$4.9B
2017-09-30	$5.2B
2017-12-31	$5.7B
2018-03-31	$6B
2018-06-30	$6.7B
2018-09-30	$7.4B
2018-12-31	$7.1B
2019-03-31	$7.8B
2019-06-30	$6.5B
2019-09-30	$7.1B
2019-12-31	$7.7B
2020-03-31	$5.1B
2020-06-30	$5.9B
2020-09-30	$6.3B
2020-12-31	$7B
2021-03-31	$7.3B
2021-06-30	$6.9B
2021-09-30	$7.2B
2021-12-31	$7.9B
2022-03-31	$7.5B
2022-06-30	$5.1B
2022-09-30	$4.9B
2022-12-31	$4.6T
2023-03-31	$5.1B
2023-06-30	$5.9B
2023-09-30	$4.3B
2023-12-31	$4.3B
2024-03-31	$3.3B
2024-06-30	$3.5B
2024-09-30	$4.2B
2024-12-31	$4.7B
2025-03-31	$5.4B
2025-06-30	$6.7B
2025-09-30	$7.5B
2025-12-31	$8.6B
2026-03-31	$8.6B
2026-06-30	$10.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	3.57%	$366.6m	1.83M	+0.6% Added
AAPLApple Inc.	3.09%	$317.5m	1.10M	+1.0% Added
AMZNAmazon	2.00%	$206.0m	864.2K	−3.7% Reduced
MSFTMicrosoft Corporation	1.96%	$200.9m	538.7K	−12.8% Reduced
GOOGLAlphabet Inc. (Class A)	1.48%	$152.3m	426.0K	+1.3% Added
AVGOBroadcom	1.29%	$132.2m	349.9K	+1.0% Added
MUMicron Technology	1.18%	$121.6m	105.3K	+3.6% Added
TSLATesla, Inc.	0.97%	$100.2m	238.2K	+1.0% Added
METAMeta Platforms	0.92%	$94.8m	168.2K	+1.4% Added
AMDAdvanced Micro Devices	0.89%	$91.4m	157.3K	+1.6% Added
VVisa Inc.	0.83%	$84.9m	247.3K	−4.7% Reduced
COSTCostco	0.74%	$76.0m	81.2K	−3.4% Reduced
INTCIntel	0.63%	$64.2m	459.6K	+2.3% Added
TXNTexas Instruments	0.61%	$62.5m	209.6K	−19.8% Reduced
LLYLilly (Eli)	0.56%	$57.9m	48.3K	+2.4% Added
AMATApplied Materials	0.56%	$57.1m	79.0K	+1.6% Added
JPMJPMorgan Chase	0.54%	$55.4m	169.3K	−1.7% Reduced
LRCXLam Research	0.52%	$53.1m	122.6K	+1.7% Added
WMTWalmart	0.49%	$50.9m	449.3K	+0.9% Added
SPGIS&P Global	0.47%	$48.6m	119.3K	+9.0% Added
LINLinde plc	0.46%	$47.6m	91.8K	−2.0% Reduced
CSCOCisco	0.45%	$46.3m	394.0K	+0.9% Added
APHAmphenol	0.43%	$44.0m	249.3K	+8.9% Added
DEDeere & Company	0.41%	$42.4m	66.8K	+4.6% Added
KLACKLA Corporation	0.38%	$39.3m	130.1K	+928.6% Added
JNJJohnson & Johnson	0.37%	$38.2m	150.3K	−3.0% Reduced
SHWSherwin-Williams	0.35%	$35.9m	104.2K	−0.6% Reduced
TJXTJX Companies	0.35%	$35.6m	235.1K	−7.3% Reduced
ZTSZoetis	0.34%	$35.3m	491.7K	+22.7% Added
CATCaterpillar Inc.	0.34%	$34.8m	32.7K	−10.7% Reduced
TSCOTractor Supply	0.34%	$34.4m	1.09M	+79.6% Added
RMDResMed\|	0.33%	$34.1m	175.2K	+36.9% Added
SCIService Corp International	0.33%	$33.6m	442.5K	+24.6% Added
SNDKSandisk	0.31%	$31.7m	13.9K	+68.6% Added
CTASCintas	0.31%	$31.7m	186.3K	+16.3% Added
FASTFastenal	0.30%	$31.2m	650.5K	−1.5% Reduced
EWEdwards Lifesciences	0.30%	$30.9m	341.9K	−13.4% Reduced
JKHYJack Henry & Associates Inc	0.30%	$30.9m	224.5K	+10.9% Added
NFLXNetflix	0.29%	$29.8m	416.8K	+1.1% Added
ITWIllinois Tool Works	0.29%	$29.8m	110.0K	+11.6% Added
PANWPalo Alto Networks	0.28%	$28.8m	84.5K	+2.5% Added
CHDChurch & Dwight	0.28%	$28.5m	293.7K	−5.6% Reduced
MAMastercard	0.27%	$28.1m	54.7K	+6.5% Added
PLTRPalantir Technologies Inc.	0.27%	$27.7m	237.3K	+1.0% Added
ABBVAbbVie	0.26%	$27.1m	107.8K	−0.3%
UNHUnitedHealth Group	0.26%	$26.3m	63.3K	−3.1% Reduced
VRSKVerisk Analytics, Inc.	0.25%	$25.4m	141.4K	−13.5% Reduced
GSGoldman Sachs	0.25%	$25.4m	25.1K	−3.7% Reduced
GEGE Aerospace	0.24%	$24.4m	65.3K	+0.5%
HDThe Home Depot	0.23%	$24.1m	68.4K	−1.5% Reduced
ROLRollins, Inc.	0.23%	$23.7m	567.1K	+80.2% Added
BACBank of America	0.22%	$22.8m	399.5K	−1.3% Reduced
STESteris	0.22%	$22.5m	106.9K	+5.4% Added
PGProcter & Gamble	0.21%	$22.0m	150.2K	+3.0% Added
AMGNAmgen	0.21%	$21.4m	59.2K	−2.8% Reduced
CVXChevron Corporation	0.21%	$21.4m	129.3K	−1.7% Reduced
KOThe Coca-Cola Company	0.20%	$21.0m	257.9K	−2.1% Reduced
WDCWestern Digital	0.20%	$20.9m	32.7K	+1.5% Added
STXSeagate Technology	0.20%	$20.4m	21.1K	+4.5% Added
MRVLMarvell Technology	0.20%	$20.3m	68.1K	+108.7% Added
MRKMerck & Co.	0.19%	$19.5m	152.1K	−0.8% Reduced
QCOMQualcomm	0.19%	$19.1m	103.3K	+0.4%
CRWDCrowdStrike	0.18%	$19.0m	24.9K	+2.3% Added
ADIAnalog Devices	0.18%	$18.4m	46.3K	−0.2%
GEVGE Vernova	0.18%	$18.1m	15.4K	−4.5% Reduced
PMPhilip Morris International	0.17%	$17.9m	98.7K	+1.6% Added
IBMIBM	0.17%	$17.7m	62.9K	−2.8% Reduced
PEPPepsiCo	0.17%	$17.4m	128.2K	+2.0% Added
WELLWelltower	0.16%	$16.9m	74.4K	+6.9% Added
MSMorgan Stanley	0.16%	$16.7m	79.7K	+8.7% Added
CPRTCopart	0.16%	$16.4m	580.7K	+41.0% Added
RTXRTX Corporation	0.16%	$16.0m	84.3K	−4.9% Reduced
GILDGilead Sciences	0.15%	$15.2m	120.7K	+1.1% Added
WFCWells Fargo	0.14%	$14.7m	178.0K	+0.5% Added
ORCLOracle Corporation	0.14%	$14.5m	98.7K	+0.4%
APPApplovin Corp	0.14%	$14.3m	27.7K	+0.8% Added
BKNGBooking Holdings	0.14%	$14.1m	79.0K	+2349.6% Added
ISRGIntuitive Surgical	0.14%	$14.1m	35.4K	+1.1% Added
PLDPrologis	0.14%	$14.1m	103.9K	−0.5%
AXPAmerican Express	0.14%	$14.0m	41.5K	+1.4% Added
CCitigroup	0.14%	$13.9m	99.2K	−6.9% Reduced
MCDMcDonald's	0.13%	$13.0m	48.2K	−4.5% Reduced
VRTXVertex Pharmaceuticals	0.12%	$12.6m	25.3K	+0.9% Added
UBERUber	0.12%	$12.4m	171.3K	−1.1% Reduced
NEENextEra Energy	0.12%	$12.1m	138.0K	+0.4%
BABoeing	0.12%	$11.9m	54.8K	−8.1% Reduced
SBUXStarbucks	0.11%	$11.5m	112.7K	+1.4% Added
TMUST-Mobile US	0.11%	$11.5m	68.3K	−1.5% Reduced
GLWCorning Inc.	0.11%	$11.1m	43.5K	+4.3% Added
TMOThermo Fisher Scientific	0.10%	$10.8m	21.5K	−1.2% Reduced
DISThe Walt Disney Company	0.10%	$10.6m	109.9K	−3.6% Reduced
VZVerizon	0.10%	$10.6m	249.3K	−7.3% Reduced
ANETArista Networks	0.10%	$10.5m	61.8K	−4.7% Reduced
CDNSCadence Design Systems Inc	0.10%	$10.2m	27.3K	+2.0% Added
ADPAutomatic Data Processing	0.10%	$10.1m	45.2K	+0.3%
FTNTFortinet	0.10%	$10.1m	65.8K	+0.1%
SCHWCharles Schwab Corporation	0.10%	$9.9m	107.7K	+6.6% Added
ETNEaton Corporation	0.10%	$9.8m	22.9K	+29.1% Added
BLKBlackRock	0.09%	$9.6m	10.0K	+9.6% Added
COPConocoPhillips	0.09%	$9.1m	88.0K	+8.7% Added
EQIXEquinix	0.09%	$9.1m	8.8K	−7.6% Reduced
IDXXIdexx Laboratories	0.09%	$9.0m	17.1K	+122.1% Added
DDOGDatadog, Inc.	0.09%	$8.9m	34.2K	+2.6% Added
CMCSAComcast	0.09%	$8.8m	360.2K	−2.3% Reduced
CRMSalesforce	0.08%	$8.6m	55.0K	−15.2% Reduced
TAT&T	0.08%	$8.6m	414.9K	+9.8% Added
ADBEAdobe Inc.	0.08%	$8.6m	41.8K	+0.4%
CVSCVS Health	0.08%	$8.5m	81.9K	+2.2% Added
COFCapital One	0.08%	$8.5m	42.2K	+8.9% Added
SNPSSynopsys Inc	0.08%	$8.4m	18.9K	+1.3% Added
CEGConstellation Energy	0.08%	$8.4m	33.8K	+2.7% Added
MNSTMonster Beverage	0.08%	$8.2m	84.8K	+2.2% Added
PFEPfizer	0.08%	$8.1m	338.4K	+2.9% Added
HONHoneywell Technologies	0.08%	$8.1m	36.2K	New
MARMarriott International	0.08%	$8.0m	21.5K	+0.7% Added
PGRProgressive Corporation	0.08%	$7.9m	36.3K	0.0%
DELLDell Technologies	0.08%	$7.9m	18.3K	−2.1% Reduced
LOWLowe's	0.08%	$7.8m	35.4K	+1.8% Added
SPGSimon Property Group	0.07%	$7.7m	34.5K	−2.1% Reduced
MOAltria	0.07%	$7.6m	105.8K	+1.0% Added
VRTVertiv	0.07%	$7.6m	22.7K	+48.9% Added
INTUIntuit	0.07%	$7.6m	29.0K	+0.9% Added
UNPUnion Pacific Corporation	0.07%	$7.5m	27.7K	+10.8% Added
ORLYO'Reilly Automotive	0.07%	$7.5m	81.6K	−0.2%
CBChubb Limited	0.07%	$7.5m	22.0K	−2.2% Reduced
CSXCSX Corporation	0.07%	$7.5m	157.0K	−17.9% Reduced
HONAHoneywell Aerospace	0.07%	$7.4m	33.6K	New
DASHDoorDash	0.07%	$7.4m	40.2K	+2.1% Added
TERTeradyne	0.07%	$7.3m	15.1K	+61.3% Added
PHParker Hannifin	0.07%	$7.2m	7.3K	+24.5% Added
BMYBristol Myers Squibb	0.07%	$7.2m	124.5K	−2.6% Reduced
TTWOTake TWO Interactive Software Inc	0.07%	$7.0m	28.2K	+15.4% Added
DHRDanaher Corporation	0.07%	$6.9m	36.4K	0.0%
ROSTRoss Stores	0.07%	$6.9m	32.6K	+2.0% Added
ASMLAsml Holding NV	0.07%	$6.9m	3.5K	+7.4% Added
NXPINXP Semiconductors	0.07%	$6.7m	24.0K	+3.7% Added
BKRBaker Hughes	0.07%	$6.7m	121.3K	+1.6% Added
MDLZMondelez International	0.07%	$6.7m	115.6K	−1.9% Reduced
NOWServiceNow	0.07%	$6.7m	67.1K	−0.4%
SYKStryker Corporation	0.07%	$6.6m	21.1K	+0.5%
BNYBNY Mellon	0.06%	$6.6m	45.7K	+8.8% Added
ABTAbbott Laboratories	0.06%	$6.5m	72.1K	−19.5% Reduced
AEPAmerican Electric Power	0.06%	$6.5m	47.3K	−14.8% Reduced
LMTLockheed Martin	0.06%	$6.5m	12.7K	−5.0% Reduced
ORealty Income	0.06%	$6.4m	103.9K	+8.3% Added
MPWRMonolithic Power Systems, Inc.	0.06%	$6.4m	4.7K	+2.0% Added
TTTrane Technologies	0.06%	$6.4m	13.1K	−4.9% Reduced
LITELumentum	0.06%	$6.4m	7.5K	+161.9% Added
PWRQuanta Services	0.06%	$6.4m	8.9K	−4.0% Reduced
PCARPaccar	0.06%	$6.3m	52.8K	−2.2% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$35.4m	117.5K
TSCOTractor Supply	$15.2m	482.3K
BKNGBooking Holdings	$13.5m	75.8K
SNDKSandisk	$12.9m	5.7K
MRVLMarvell Technology	$10.6m	35.5K
ROLRollins, Inc.	$10.5m	252.4K
RMDResMed\|	$9.2m	47.2K
HONHoneywell Technologies	$8.1m	36.2K
HONAHoneywell Aerospace	$7.4m	33.6K
SCIService Corp International	$6.6m	87.5K
ZTSZoetis	$6.5m	91.0K
IDXXIdexx Laboratories	$5.0m	9.4K
CPRTCopart	$4.8m	169.0K
CTASCintas	$4.4m	26.1K
MUMicron Technology	$4.2m	3.6K

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

Company	Sold (value)	Shares
MSFTMicrosoft Corporation	−$29.5m	−79.2K
MKCMcCormick & Company	−$25.6m	−507.0K
TXNTexas Instruments	−$15.4m	−51.7K
NKENike, Inc.	−$10.4m	−253.7K
AMZNAmazon	−$7.8m	−32.8K
EWEdwards Lifesciences	−$4.8m	−53.1K
VVisa Inc.	−$4.2m	−12.2K
CATCaterpillar Inc.	−$4.2m	−3.9K
VRSKVerisk Analytics, Inc.	−$4.0m	−22.1K
TJXTJX Companies	−$2.8m	−18.5K
COSTCostco	−$2.7m	−2.9K
CHDChurch & Dwight	−$1.7m	−17.3K
CSXCSX Corporation	−$1.6m	−34.2K
ABTAbbott Laboratories	−$1.6m	−17.4K
CRMSalesforce	−$1.5m	−9.8K

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

Company	Value last quarter	Shares
INSMInsmed Inc	$1.3m	8.1K
ZSZscaler, Inc.	$838,513	6.0K
EPAMEPAM Systems, Inc.	$443,570	3.3K
TEAMAtlassian Corp	$429,975	6.3K
POOLPool Corp	$412,349	2.0K
CAGConagra Brands Inc.	$410,779	26.1K
CPBCampbell's Co	$239,002	10.7K

Technology38.8%
Consumer Discretionary10.8%
Industrials10.5%
Financials10.3%
Health Care9.4%
Communication Services6.4%
Consumer Staples5.5%
Materials2.5%
Real Estate2.3%
Utilities1.8%
Energy1.7%

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 16, 2013 to November 2, 2026	+14.4%	+14.1%	0.82	0.78	−29.7%	0.96
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.7%	+13.9%	0.66	0.66	−29.7%	0.97
Last three yearsNovember 3, 2023 to November 2, 2026	+19.3%	+21.8%	1.06	1.16	−14.9%	0.93
Last yearNovember 7, 2025 to November 2, 2026	+12.6%	+14.2%	0.75	0.84	−9.0%	0.94

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.