National Mutual Insurance Federation of Agricultural Coopera

Portfolio Overview

National Mutual Insurance Federation of Agricultural Coopera disclosed 39 positions worth $15.3B in its Form 13F-HR for Q2 2026. During the quarter the fund opened 2 new positions and exited 4 — including a new stake in $EQIX and a full exit from $SPGI. The portfolio is most concentrated in Other (84.8% of disclosed assets). All figures are sourced directly from National Mutual Insurance Federation of Agricultural Coopera’s Form 13F-HR filing with the SEC under CIK 1542927.

• ISHARES TR - CORE S&P 500 ETF

  —

  Quality

  $2.7B3,581,847 sh

• VANGUARD INDEX FDS - LARGE CAP ETF

  —

  Quality

  $2.3B6,543,317 sh

• VANGUARD INDEX FDS - S&P 500 ETF SHS

  —

  Quality

  $2.0B2,925,650 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $2.0B2,617,832 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $1.3B1,759,000 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $1.0B3,322,000 sh

• VANGUARD INDEX FDS - TOTAL STK MKT

  —

  Quality

  $994.2M2,686,800 sh

• SPDR SERIES TRUST - ST STR P500ETF

  —

  Quality

  $838.0M9,536,000 sh

• ISHARES TR - IBOXX INV CP ETF

  —

  Quality

  $440.7M4,040,400 sh

• ISHARES TR - RUS 1000 ETF

  —

  Quality

  $323.9M791,000 sh

Company	Quality	Value	Shares
ISHARES TR - CORE S&P 500 ETF	—	$2.7B	3,581,847
VANGUARD INDEX FDS - LARGE CAP ETF	—	$2.3B	6,543,317
VANGUARD INDEX FDS - S&P 500 ETF SHS	—	$2.0B	2,925,650
SPDR S&P 500 ETF TRUST$SPY	—	$2.0B	2,617,832
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$1.3B	1,759,000
Invesco Ltd.$IVZ	—	$1.0B	3,322,000
VANGUARD INDEX FDS - TOTAL STK MKT	—	$994.2M	2,686,800
SPDR SERIES TRUST - ST STR P500ETF	—	$838.0M	9,536,000
ISHARES TR - IBOXX INV CP ETF	—	$440.7M	4,040,400
ISHARES TR - RUS 1000 ETF	—	$323.9M	791,000

Showing top 10 of 39 holdings.

Full Holdings — National Mutual Insurance Federation of Agricultural Coopera (Q2 2026)

All 39 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES TR - CORE S&P 500 ETF	$2.7B	17.6%	+0%	—
2	—	VANGUARD INDEX FDS - LARGE CAP ETF	$2.3B	14.7%	+0%	—
3	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$2.0B	13.1%	+0%	—
4	$SPY	SPDR S&P 500 ETF TRUST	$2.0B	12.8%	+0%	—
5	$QQQ	INVESCO QQQ TRUST, SERIES 1	$1.3B	8.5%	+0%	—
6	$IVZ	Invesco Ltd.	$1.0B	6.6%	+23%	—
7	—	VANGUARD INDEX FDS - TOTAL STK MKT	$994.2M	6.5%	+0%	—
8	—	SPDR SERIES TRUST - ST STR P500ETF	$838.0M	5.5%	+0%	—
9	—	ISHARES TR - IBOXX INV CP ETF	$440.7M	2.9%	+0%	—
10	—	ISHARES TR - RUS 1000 ETF	$323.9M	2.1%	+0%	—
11	—	J P MORGAN EXCHANGE TRADED F - BETABUILDRS US	$171.8M	1.1%	+0%	—
12	$MU	MICRON TECHNOLOGY INC	$115.4M	0.8%	-24%	86.1
13	$GOOG	Alphabet Inc.	$109.0M	0.7%	-10%	78.1
14	$AAPL	Apple Inc.	$105.4M	0.7%	+14%	76.3
15	$NVDA	NVIDIA CORP	$102.2M	0.7%	+0%	85.9
16	$MSFT	MICROSOFT CORP	$82.0M	0.5%	+24%	79.7
17	$AMAT	APPLIED MATERIALS INC /DE	$75.9M	0.5%	+0%	72.1
18	$AMZN	AMAZON COM INC	$64.4M	0.4%	+0%	68.4
19	$AVGO	Broadcom Inc.	$58.9M	0.4%	+58%	84.4
20	$JPM	JPMORGAN CHASE & CO	$52.7M	0.3%	+0%	70.3
21	$META	Meta Platforms, Inc.	$52.2M	0.3%	+0%	79.6
22	$LLY	ELI LILLY & Co	$43.5M	0.3%	+0%	87.5
23	$XOM.R34088	EXXON MOBIL CORP	$39.6M	0.3%	+74%	57.7
24	$WMT	Walmart Inc.	$38.4M	0.3%	+0%	59.9
25	$V	VISA INC.	$37.8M	0.3%	+0%	82.7
26	$ETN	Eaton Corp plc	$35.9M	0.2%	+0%	—
27	$MA	Mastercard Inc	$35.0M	0.2%	+0%	85
28	$ISRG	INTUITIVE SURGICAL INC	$28.7M	0.2%	+0%	79.7
29	$BLK	BlackRock, Inc.	$28.3M	0.2%	+0%	69.8
30	$EQIX	EQUINIX INC	$28.1M	0.2%	NEW	59
31	$TMO	THERMO FISHER SCIENTIFIC INC.	$28.0M	0.2%	+0%	64.9
32	$KO	COCA COLA CO	$25.1M	0.2%	+0%	69.3
33	$ICE	Intercontinental Exchange, Inc.	$25.0M	0.2%	+0%	73.4
34	$EMR	EMERSON ELECTRIC CO	$24.5M	0.2%	+0%	65.1
35	$COST	COSTCO WHOLESALE CORP /NEW	$22.2M	0.1%	+0%	65.9
36	$AZO	AUTOZONE INC	$21.7M	0.1%	+0%	65.8
37	$TRV	TRAVELERS COMPANIES, INC.	$16.5M	0.1%	+0%	75.6
38	$DE	DEERE & CO	$12.7M	0.1%	+0%	55.3
39	$AMD	ADVANCED MICRO DEVICES INC	$11.0M	0.1%	NEW	79.7