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Norinchukin Bank Portfolio holdings

AUM $8.57B
1-Year Est. Return 20.17%
This Fund
S&P 500
This Quarter Est. Return
+10.79%
1 Year Est. Return
+20.17%
3 Year Est. Return
+71.71%
5 Year Est. Return
+89.7%
10 Year Est. Return
+317.21%
AUM
$3.34B
AUM Growth
-$926M
Cap. Flow
-$1.23B
Cap. Flow %
-36.73%
Top 10 Hldgs %
44.66%
Holding
559
New
4
Increased
25
Reduced
521
Closed
9

Top Buys

Rank Stock Value
1
TSCO icon
Tractor Supply
TSCO
+$11.4M
2
MSFT icon
Microsoft
MSFT
+$8.12M
3
DE icon
Deere & Co
DE
+$7.02M
4
NKE icon
Nike
NKE
+$6.74M
5
LIN icon
Linde
LIN
+$6.67M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$605M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$578M
3
MKC icon
McCormick & Company Non-Voting
MKC
+$20.8M
4
MTD icon
Mettler-Toledo International
MTD
+$10.8M
5
DIS icon
Walt Disney
DIS
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 20.61%
2 Healthcare 9.16%
3 Financials 8.83%
4 Industrials 8.39%
5 Consumer Discretionary 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAST icon
26
Fastenal
FAST
$59.7B
$25M 0.75%
648,196
-37,188
-5% -$1.31M
AVGO icon
27
Broadcom
AVGO
$2.01T
$24.9M 0.75%
187,930
-3,860
-2% -$478K
BRK.B icon
28
Berkshire Hathaway Class B
BRK.B
$1.15T
$24.7M 0.74%
58,825
-739
-1% -$291K
ROL icon
29
Rollins
ROL
$18B
$22.9M 0.68%
494,084
-9,902
-2% -$437K
EW icon
30
Edwards Lifesciences
EW
$53.2B
$22.7M 0.68%
237,171
-33,834
-12% -$2.84M
JPM icon
31
JPMorgan Chase
JPM
$950B
$22.2M 0.66%
110,644
-4,150
-4% -$749K
LLY icon
32
Eli Lilly
LLY
$1.08T
$21.5M 0.64%
27,649
-382
-1% -$272K
UNH icon
33
UnitedHealth
UNH
$373B
$21.3M 0.64%
43,145
-3,492
-7% -$1.78M
RMD icon
34
ResMed
RMD
$31.6B
$21M 0.63%
106,026
-4,494
-4% -$823K
TSLA icon
35
Tesla
TSLA
$1.3T
$19.3M 0.58%
109,920
-1,844
-2% -$360K
STE icon
36
Steris
STE
$23.1B
$19.3M 0.58%
85,643
-2,586
-3% -$583K
ITW icon
37
Illinois Tool Works
ITW
$84.1B
$19.2M 0.58%
71,588
+21,842
+44% +$5.67M
HD icon
38
Home Depot
HD
$347B
$17.4M 0.52%
45,237
-3,411
-7% -$1.25M
XOM icon
39
ExxonMobil
XOM
$659B
$15.1M 0.45%
129,895
-2,771
-2% -$290K
JNJ icon
40
Johnson & Johnson
JNJ
$628B
$14.9M 0.45%
94,504
-3,957
-4% -$630K
PG icon
41
Procter & Gamble
PG
$339B
$14.9M 0.45%
92,111
-4,035
-4% -$633K
MA icon
42
Mastercard
MA
$491B
$14.9M 0.45%
30,949
-1,048
-3% -$479K
LIN icon
43
Linde
LIN
$225B
$14.6M 0.44%
31,514
+15,395
+96% +$6.67M
TSCO icon
44
Tractor Supply
TSCO
$18B
$13.5M 0.4%
258,150
+238,965
+1,246% +$11.4M
MKC icon
45
McCormick & Company Non-Voting
MKC
$14.3B
$13.3M 0.4%
173,034
-306,320
-64% -$20.8M
CRM icon
46
Salesforce
CRM
$162B
$13.2M 0.39%
43,795
-3,386
-7% -$977K
MRK icon
47
Merck
MRK
$323B
$13M 0.39%
98,892
-4,003
-4% -$493K
A icon
48
Agilent Technologies
A
$41.8B
$12.6M 0.38%
86,803
-343
-0.4% -$47K
AMD icon
49
Advanced Micro Devices
AMD
$777B
$12.2M 0.37%
67,856
-1,381
-2% -$241K
CVX icon
50
Chevron
CVX
$380B
$11.3M 0.34%
71,943
-4,342
-6% -$655K
1
2
3 4 5

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IC
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ACM
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PCM
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GRQ
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DM
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MC
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FT
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Norinchukin Bank's Q1 2024 Portfolio in Review

As of Q1 2024, Norinchukin Bank held 559 positions worth $3.34B, down 22% from $4.27B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Norinchukin Bank withdrew a net $1.23B in Q1 2024, closing 9 positions and reducing 521 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $605M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Norinchukin Bank opened a new position in Super Micro Computer worth $1.6M.

  • Norinchukin Bank's largest Q1 2024 buy was Super Micro Computer: 15,800 shares worth $1.6M.
  • Norinchukin Bank added most to Tractor Supply in Q1 2024, an estimated $11.4M increase.
  • Norinchukin Bank's biggest Q1 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $578M.
  • Norinchukin Bank fully exited iShares Core S&P 500 ETF in Q1 2024, selling an estimated $605M.
  • Norinchukin Bank's ten largest holdings make up 45% of its $3.34B portfolio in Q1 2024.
  • Norinchukin Bank opened 4 new positions and closed 9 in Q1 2024.
  • Norinchukin Bank's portfolio value fell 22% quarter-over-quarter to $3.34B.

Based on Norinchukin Bank's 13F filing for Q1 2024, filed 14 May 2024.