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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
+8.93%
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
$4.64B
AUM Growth
-$269M
(-5.5%)
Cap. Flow
-$645M
Cap. Flow
% of AUM
-13.9%
Top 10 Holdings %
Top 10 Hldgs %
49.3%
Holding
561
New
23
Increased
37
Reduced
485
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veeva Systems
VEEV
|
+$5.66M |
| 2 |
Jack Henry & Associates
JKHY
|
+$2.14M |
| 3 |
PG&E
PCG
|
+$1.09M |
| 4 |
Prologis
PLD
|
+$906K |
| 5 |
Steel Dynamics
STLD
|
+$718K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$33.6M |
| 2 |
Microsoft
MSFT
|
+$19.7M |
| 3 |
Visa
V
|
+$18.2M |
| 4 |
TJX Companies
TJX
|
+$16.2M |
| 5 |
Amphenol
APH
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.07% |
| 2 | Healthcare | 9.87% |
| 3 | Financials | 7.01% |
| 4 | Industrials | 6.79% |
| 5 | Consumer Discretionary | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $1.04B | 22.46% |
2,725,492
| – | – |
|
2
iShares Core S&P 500 ETF
IVV
$872B
| $633M | 13.65% |
1,648,598
| – | – |
|
|
3
Apple
AAPL
$4.99T
| $139M | 3% |
1,073,229
-235,304
| -18% | -$33.6M |
|
|
4
Microsoft
MSFT
$2.92T
| $135M | 2.9% |
561,552
-82,190
| -13% | -$19.7M |
|
|
5
Visa
V
$702B
| $62.6M | 1.35% |
301,088
-90,202
| -23% | -$18.2M |
|
6
Walt Disney
DIS
$171B
| $60.5M | 1.3% |
696,224
-50,104
| -7% | -$4.79M |
|
7
Costco
COST
$429B
| $56.1M | 1.21% |
122,995
-5,370
| -4% | -$2.62M |
|
8
Amazon
AMZN
$2.49T
| $55.2M | 1.19% |
657,596
-110,905
| -14% | -$11M |
|
9
Texas Instruments
TXN
$254B
| $54.9M | 1.18% |
332,439
-89,762
| -21% | -$15M |
|
10
McCormick & Company Non-Voting
MKC
$13.8B
| $49.1M | 1.06% |
592,039
-190,903
| -24% | -$15.4M |
|
|
11
Amphenol
APH
$177B
| $47.5M | 1.02% |
1,247,170
-416,572
| -25% | -$15.8M |
|
12
Nike
NKE
$63.6B
| $47M | 1.01% |
401,525
-120,038
| -23% | -$12.1M |
|
13
UnitedHealth
UNH
$391B
| $45.7M | 0.99% |
86,260
-16,868
| -16% | -$8.94M |
|
14
Alphabet (Google) Class A
GOOGL
$4.09T
| $36.6M | 0.79% |
414,542
-63,620
| -13% | -$6.05M |
|
15
Honeywell
HON
$78.4B
| $36.2M | 0.78% |
179,436
-65,318
| -27% | -$12.5M |
|
|
16
Alphabet (Google) Class C
GOOG
$4.08T
| $34.5M | 0.74% |
388,774
-65,790
| -14% | -$6.28M |
|
17
Johnson & Johnson
JNJ
$645B
| $32M | 0.69% |
181,084
-41,435
| -19% | -$7.15M |
|
|
18
TJX Companies
TJX
$177B
| $31M | 0.67% |
388,943
-219,047
| -36% | -$16.2M |
|
19
Sherwin-Williams
SHW
$87.6B
| $30.8M | 0.66% |
129,649
-51,272
| -28% | -$11.9M |
|
20
S&P Global
SPGI
$124B
| $30.1M | 0.65% |
89,719
-9,249
| -9% | -$3.05M |
|
21
Zoetis
ZTS
$32.4B
| $29.4M | 0.63% |
200,487
-38,384
| -16% | -$5.68M |
|
22
Copart
CPRT
$28.4B
| $28.5M | 0.61% |
934,972
-303,756
| -25% | -$9.09M |
|
23
NVIDIA
NVDA
$4.78T
| $27.8M | 0.6% |
1,900,370
-380,960
| -17% | -$5.59M |
|
24
Roper Technologies
ROP
$38.5B
| $27.1M | 0.58% |
62,766
-19,722
| -24% | -$8.13M |
|
25
Home Depot
HD
$343B
| $27M | 0.58% |
85,365
-18,740
| -18% | -$5.71M |
|
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FT
Norinchukin Bank's Q4 2022 Portfolio in Review
As of Q4 2022, Norinchukin Bank held 561 positions worth $4.64B, down 5.5% from $4.91B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Norinchukin Bank withdrew a net $645M in Q4 2022, closing 14 positions and reducing 485 holdings. Its most notable exit was RTX Corp, an estimated $9.18M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 16% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Norinchukin Bank opened a new position in Veeva Systems worth $5.35M.
- Norinchukin Bank's largest Q4 2022 buy was Veeva Systems: 33,133 shares worth $5.35M.
- Norinchukin Bank added most to Jack Henry & Associates in Q4 2022, an estimated $2.14M increase.
- Norinchukin Bank's biggest Q4 2022 reduction was Apple, cutting an estimated $33.6M.
- Norinchukin Bank fully exited RTX Corp in Q4 2022, selling an estimated $9.18M.
- Norinchukin Bank's ten largest holdings make up 49% of its $4.64B portfolio in Q4 2022.
- Norinchukin Bank opened 23 new positions and closed 14 in Q4 2022.
- Norinchukin Bank's portfolio value fell 5.5% quarter-over-quarter to $4.64B.
Based on Norinchukin Bank's 13F filing for Q4 2022, filed 13 Feb 2023.