Japan Science & Technology Agency

Japan Science & Technology Agency is an institution, managing $5.6B across 13 long positions as of Q3 2025 with 100% ETF concentration, 96% concentrated in top 10 holdings, and 26% allocation to LQD.

Portfolio Value: $5.6B
Positions: 13
Top Holding: LQD at 26.21%
Last Reported: Q3 2025

Top Holdings

Largest long holdings in Japan Science & Technology Agency's portfolio (95.5% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$1.5B	26.21%	-$66.9M Sold	— 13.2M shares	Q4 2022 Held for 2y 11m
2 iShares iBoxx High Yield Corporate Bond HYG	ETF ETF	$843.6M	15.02%	—	— 10.4M shares	Q4 2022 Held for 2y 11m
3 iShares Core S&P 500 ETF IVV	ETF ETF	$783.6M	13.95%	—	— 1.2M shares	Q4 2022 Held for 2y 11m
4 Invesco S&P 500 Equal Weight ETF RSP	ETF ETF	$719.4M	12.81%	—	— 3.8M shares	Q1 2025 Held for 8 months
5 iShares Broad USD High Yield Corporate Bond USHY	ETF ETF	$484.3M	8.62%	+$151.1M Bought	— 12.8M shares	Q4 2022 Held for 2y 11m
6 JNK SPDR Bloomberg High Yield Bond JNK	ETF ETF	$284.2M	5.06%	—	— 2.9M shares	Q1 2023 Held for 2y 8m
7 iShares J.P. Morgan USD Emerging Markets Bond EMB	ETF ETF	$238.0M	4.24%	+$238.0M New	— 2.5M shares	Q3 2025 Held for 2 months
8 iShares 0-5 Year High Yield Corporate Bond SHYG	ETF ETF	$192.7M	3.43%	—	— 4.5M shares	Q1 2023 Held for 2y 8m
9 Invesco QQQ Trust QQQ	ETF ETF	$179.3M	3.19%	+$179.3M New	— 298.7K shares	Q3 2025 Held for 2 months
10 Vanguard Growth VUG	ETF ETF	$168.3M	3.00%	+$168.3M New	— 351.0K shares	Q3 2025 Held for 2 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Japan Science & Technology Agency's latest filing

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GthenC

Market Value

$5.6B

Prior: $6.3B

Q/Q Change

-10.83%

-$682.0M

Net Flows % of MV

-14.45%

Turnover Ratio

21.63%

New Purchases

4 stocks

$657.8M

Added To

1 stocks

+$151.1M

Sold Out Of

4 stocks

$1.5B

Reduced Holdings

2 stocks

-$153.0M

Increased Positions

Position	Shares Δ	Change
1 iShares J.P. Morgan USD Emerging Markets Bond EMB	New	0 → 2.5M +$238.0M
2 Invesco QQQ Trust QQQ	New	0 → 298.7K +$179.3M
3 Vanguard Growth VUG	New	0 → 351.0K +$168.3M
4 iShares Core MSCI Emerging Markets IEMG	New	0 → 1.1M +$72.1M
5 iShares Broad USD High Yield Corporate Bond USHY	+45.35%	8.8M → 12.8M +$151.1M

Decreased Positions

Position	Shares Δ	Change
1 Vanguard Intermediate-Term Corporate Bond VCIT	Sold	6.7M → 0 −$553.1M
2 iShares Trust IGSB	Sold	9.8M → 0 −$515.5M
3 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB	Sold	4.4M → 0 −$234.5M
4 Vanguard Short-Term Corporate Bond VCSH	Sold	2.1M → 0 −$164.6M
5 iShares Broad USD Investment Grade Corporate Bond USIG	-43.42%	3.8M → 2.2M −$86.2M