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National Mutual Insurance Federation of Agricultural Cooperatives

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13F filer, CIK 1542927, TOKYO, JAPAN, Japan

National Mutual Insurance Federation of Agricultural Cooperatives reported $13,183,442,071 across 42 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-04. Its ten largest share positions make up 90.95% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000929638-25-004118

Period
2025-09-30
Reported value
$13.2B
Holdings
42
Top 10 weight
90.95%
New
0
Sold out
1

Part of the filer group National Mutual Insurance Federation of Agricultural Cooperatives

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMATadded+73,500$15M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
QQQMreduced-450,000-$111M
NSCexited-32,400-$8.29M
LLYreduced-5,500-$4.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0000929638-25-004118, largest first. % of portfolio is the value over $13,183,442,071, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,581,847 shares; 2024Q4: 3,581,847 shares; 2025Q1: 3,581,847 shares; 2025Q2: 3,581,847 shares; 2025Q3: 3,581,847 shares 3,581,847$2.4B18.18%0Timeline
VVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,543,317 shares; 2024Q4: 6,543,317 shares; 2025Q1: 6,543,317 shares; 2025Q2: 6,543,317 shares; 2025Q3: 6,543,317 shares 6,543,317$2.01B15.28%0Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,925,650 shares; 2024Q4: 2,925,650 shares; 2025Q1: 2,925,650 shares; 2025Q2: 2,925,650 shares; 2025Q3: 2,925,650 shares 2,925,650$1.79B13.59%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,617,832 shares; 2024Q4: 2,617,832 shares; 2025Q1: 2,617,832 shares; 2025Q2: 2,617,832 shares; 2025Q3: 2,617,832 shares 2,617,832$1.74B13.23%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,759,000 shares; 2024Q4: 1,759,000 shares; 2025Q1: 1,759,000 shares; 2025Q2: 1,759,000 shares; 2025Q3: 1,759,000 shares 1,759,000$1.06B8.01%0Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,686,800 shares; 2024Q4: 2,686,800 shares; 2025Q1: 2,686,800 shares; 2025Q2: 2,686,800 shares; 2025Q3: 2,686,800 shares 2,686,800$882M6.69%0Timeline
SPYMSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,555,000 shares; 2024Q4: 8,953,000 shares; 2025Q1: 8,953,000 shares; 2025Q2: 9,536,000 shares; 2025Q3: 9,536,000 shares 9,536,000$747M5.67%0Timeline
QQQMINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,370,000 shares; 2024Q4: 3,083,000 shares; 2025Q1: 3,265,000 shares; 2025Q2: 2,955,000 shares; 2025Q3: 2,505,000 shares 2,505,000$619M4.7%-450,000Timeline
LQDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,040,400 shares; 2024Q4: 4,040,400 shares; 2025Q1: 4,040,400 shares; 2025Q2: 4,040,400 shares; 2025Q3: 4,040,400 shares 4,040,400$450M3.42%0Timeline
IWBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 791,000 shares; 2024Q4: 791,000 shares; 2025Q1: 791,000 shares; 2025Q2: 791,000 shares; 2025Q3: 791,000 shares 791,000$289M2.19%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 315,000 shares; 2024Q4: 416,000 shares; 2025Q1: 511,000 shares; 2025Q2: 511,000 shares; 2025Q3: 511,000 shares 511,000$95.3M0.72%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 177,900 shares; 2024Q4: 177,900 shares; 2025Q1: 177,900 shares; 2025Q2: 177,900 shares; 2025Q3: 177,900 shares 177,900$92.1M0.7%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 360,500 shares; 2024Q4: 360,500 shares; 2025Q1: 360,500 shares; 2025Q2: 360,500 shares; 2025Q3: 360,500 shares 360,500$87.6M0.66%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 319,400 shares; 2024Q4: 319,400 shares; 2025Q1: 319,400 shares; 2025Q2: 319,400 shares; 2025Q3: 319,400 shares 319,400$81.3M0.62%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,600 shares; 2024Q4: 92,600 shares; 2025Q1: 92,600 shares; 2025Q2: 92,600 shares; 2025Q3: 92,600 shares 92,600$68M0.52%0Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 270,000 shares; 2024Q4: 270,000 shares; 2025Q1: 270,000 shares; 2025Q2: 270,000 shares; 2025Q3: 270,000 shares 270,000$59.3M0.45%0Timeline
BBUSJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 463,000 shares; 2025Q1: 463,000 shares; 2025Q2: 463,000 shares; 2025Q3: 463,000 shares 463,000$55.9M0.42%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,900 shares; 2024Q4: 160,900 shares; 2025Q1: 160,900 shares; 2025Q2: 160,900 shares; 2025Q3: 160,900 shares 160,900$50.8M0.38%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,100 shares; 2024Q4: 68,100 shares; 2025Q1: 68,100 shares; 2025Q2: 68,100 shares; 2025Q3: 68,100 shares 68,100$38.7M0.29%0Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110,300 shares; 2024Q4: 110,300 shares; 2025Q1: 110,300 shares; 2025Q2: 110,300 shares; 2025Q3: 110,300 shares 110,300$37.7M0.29%0Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 473,100 shares; 2024Q4: 473,100 shares; 2025Q1: 339,100 shares; 2025Q2: 339,100 shares; 2025Q3: 339,100 shares 339,100$34.9M0.27%0Timeline
BLKBLACKROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 29,400 shares; 2025Q2: 29,400 shares; 2025Q3: 29,400 shares 29,400$34.3M0.26%0Timeline
ISRGINTUITIVE SURGICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,400 shares; 2024Q4: 72,200 shares; 2025Q1: 72,200 shares; 2025Q2: 72,200 shares; 2025Q3: 72,200 shares 72,200$32.3M0.24%0Timeline
ETNEATON CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 84,300 shares; 2024Q4: 84,300 shares; 2025Q1: 84,300 shares; 2025Q2: 84,300 shares; 2025Q3: 84,300 shares 84,300$31.5M0.24%0Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,900 shares; 2024Q4: 42,900 shares; 2025Q1: 42,900 shares; 2025Q2: 42,900 shares; 2025Q3: 42,900 shares 42,900$29.3M0.22%0Timeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,800 shares; 2024Q4: 6,800 shares; 2025Q1: 6,800 shares; 2025Q2: 6,800 shares; 2025Q3: 6,800 shares 6,800$29.2M0.22%0Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,000 shares; 2024Q4: 19,600 shares; 2025Q1: 34,800 shares; 2025Q2: 41,800 shares; 2025Q3: 36,300 shares 36,300$27.7M0.21%-5,500Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,900 shares; 2024Q4: 55,900 shares; 2025Q1: 55,900 shares; 2025Q2: 55,900 shares; 2025Q3: 55,900 shares 55,900$27.1M0.21%0Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 312,000 shares; 2024Q4: 312,000 shares; 2025Q1: 312,000 shares; 2025Q2: 162,000 shares; 2025Q3: 162,000 shares 162,000$27.1M0.21%0Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 160,000 shares; 2024Q4: 160,000 shares; 2025Q1: 160,000 shares; 2025Q2: 160,000 shares; 2025Q3: 160,000 shares 160,000$27M0.2%0Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,800 shares; 2024Q4: 52,800 shares; 2025Q1: 52,800 shares; 2025Q2: 52,800 shares; 2025Q3: 52,800 shares 52,800$25.7M0.19%0Timeline
EMREMERSON ELEC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 170,800 shares; 2024Q4: 170,800 shares; 2025Q1: 170,800 shares; 2025Q2: 170,800 shares; 2025Q3: 170,800 shares 170,800$22.4M0.17%0Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 193,000 shares; 2024Q4: 193,000 shares; 2025Q1: 193,000 shares; 2025Q2: 193,000 shares; 2025Q3: 193,000 shares 193,000$22.1M0.17%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,000 shares; 2024Q4: 13,000 shares; 2025Q1: 13,000 shares; 2025Q2: 23,700 shares; 2025Q3: 23,700 shares 23,700$21.9M0.17%0Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 31,500 shares; 2025Q3: 105,000 shares 105,000$21.5M0.16%+73,500Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 308,500 shares; 2024Q4: 308,500 shares; 2025Q1: 308,500 shares; 2025Q2: 308,500 shares; 2025Q3: 308,500 shares 308,500$20.5M0.16%0Timeline
ZBRAZEBRA TECHNOLOGIES CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,000 shares; 2024Q4: 29,000 shares; 2025Q1: 65,000 shares; 2025Q2: 65,000 shares; 2025Q3: 65,000 shares 65,000$19.3M0.15%0Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 166,700 shares; 2024Q4: 166,700 shares; 2025Q1: 166,700 shares; 2025Q2: 166,700 shares; 2025Q3: 166,700 shares 166,700$18.8M0.14%0Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,000 shares; 2024Q4: 99,000 shares; 2025Q1: 99,000 shares; 2025Q2: 99,000 shares; 2025Q3: 99,000 shares 99,000$15.4M0.12%0Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,000 shares; 2024Q4: 71,000 shares; 2025Q1: 71,000 shares; 2025Q2: 71,000 shares; 2025Q3: 71,000 shares 71,000$14.9M0.11%0Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,000 shares; 2024Q4: 104,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares 50,000$14M0.11%0Timeline
DEDEERE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares 20,000$9.15M0.07%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NSCNORFOLK SOUTHN CORP32,400$8.29Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000929638-25-004118 base2025-11-04acceptance time not in the bulk data set