National Mutual Insurance Federation of Agricultural Cooperatives Portfolio Holdings

Q3 2025•42 long positions•$13.2B portfolio value

Holding43	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 iShares Core S&P 500 ETF IVV	ETF ETF	$2.4B 18.18%	—	— 3.6M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
2 Vanguard Large-Cap VV	ETF ETF	$2.0B 15.28%	—	— 6.5M shares	—	—	— —	Q4 2017 Held for 7y 11m
3 Vanguard S&P 500 ETF VOO	ETF ETF	$1.8B 13.59%	—	— 2.9M shares	—	—	— —	Q2 2014 Held for 11y 5m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$1.7B 13.23%	—	— 2.6M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
5 Invesco QQQ Trust QQQ	ETF ETF	$1.1B 8.01%	—	— 1.8M shares	—	—	— —	Q3 2020 Held for 5y 2m
6 Vanguard Total Stock Market VTI	ETF ETF	$881.7M 6.69%	—	— 2.7M shares	—	—	— —	Q3 2019 Held for 6y 2m
7 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$747.1M 5.67%	—	— 9.5M shares	—	—	— —	Q2 2024 Held for 1y 5m
8 Invesco NASDAQ 100 ETF QQQM	ETF ETF	$619.0M 4.7%	-$111.2M Sold	— 2.5M shares	3.0M → 2.5M −$111.2M	-15.23%	— —	Q2 2024 Held for 1y 5m
9 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$450.4M 3.42%	—	— 4.0M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
10 iShares Russell 1000 IWB	ETF ETF	$289.1M 2.19%	—	— 791.0K shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
11 Nvidia NVDA	Semiconductors Technology	$95.3M 0.723%	—	0.002% 511.0K shares	—	—	$4.54T Mega Cap	Q2 2024 Held for 1y 5m
12 Microsoft MSFT	Software - Infrastructure Technology	$92.1M 0.699%	—	0.002% 177.9K shares	—	—	$3.85T Mega Cap	≤ Q2 2013 Held for 12y 5m+
13 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$87.6M 0.665%	—	0.003% 360.5K shares	—	—	$2.95T Mega Cap	Q4 2017 Held for 7y 11m
14 Apple AAPL	Consumer Electronics Technology	$81.3M 0.617%	—	0.002% 319.4K shares	—	—	$3.78T Mega Cap	≤ Q2 2013 Held for 12y 5m+
15 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$68.0M 0.516%	—	0.004% 92.6K shares	—	—	$1.84T Mega Cap	Q2 2015 Held for 10y 5m
16 Amazon AMZN	Specialty Retail Consumer Cyclical	$59.3M 0.45%	—	0.003% 270.0K shares	—	—	$2.34T Mega Cap	≤ Q2 2013 Held for 12y 5m+
17 JPMorgan BetaBuilders U.S. Equity ETF BBUS	ETF ETF	$55.9M 0.424%	—	— 463.0K shares	—	—	— —	Q4 2024 Held for 11 months
18 JPMorgan Chase JPM	Banks - Diversified Financial Services	$50.8M 0.385%	—	0.006% 160.9K shares	—	—	$867.35B Mega Cap	≤ Q2 2013 Held for 12y 5m+
19 Mastercard MA	Financial - Credit Services Financial Services	$38.7M 0.294%	—	0.008% 68.1K shares	—	—	$514.21B Mega Cap	≤ Q2 2013 Held for 12y 5m+
20 Visa V	Financial - Credit Services Financial Services	$37.7M 0.286%	—	0.006% 110.3K shares	—	—	$662.60B Mega Cap	Q1 2014 Held for 11y 8m
21 Walmart WMT	Discount Stores Consumer Defensive	$34.9M 0.265%	—	0.004% 339.1K shares	—	—	$821.68B Mega Cap	Q2 2018 Held for 7y 5m
22 Blackrock BLK	Asset Management Financial Services	$34.3M 0.26%	—	0.019% 29.4K shares	—	—	$180.54B Large Cap	Q4 2016 Held for 8y 11m
23 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$32.3M 0.245%	—	0.02% 72.2K shares	—	—	$160.32B Large Cap	Q2 2019 Held for 6y 5m
24 Eaton Corporation ETN	Industrial - Machinery Industrials	$31.5M 0.239%	—	0.022% 84.3K shares	—	—	$145.70B Large Cap	≤ Q2 2013 Held for 12y 5m+
25 Intuit INTU	Software - Application Technology	$29.3M 0.222%	—	0.015% 42.9K shares	—	—	$190.40B Large Cap	≤ Q2 2013 Held for 12y 5m+
26 AutoZone AZO	Specialty Retail Consumer Cyclical	$29.2M 0.221%	—	0.041% 6.8K shares	—	—	$71.5B Large Cap	≤ Q2 2013 Held for 12y 5m+
27 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$27.7M 0.21%	-$4.2M Sold	0.004% 36.3K shares	41.8K → 36.3K −$4.2M	-13.16%	$684.00B Mega Cap	Q3 2024 Held for 1y 2m
28 Thermo Fisher Scientific TMO	Medical - Diagnostics & Research Healthcare	$27.1M 0.206%	—	0.015% 55.9K shares	—	—	$183.15B Large Cap	≤ Q2 2013 Held for 12y 5m+
29 Micron Technology MU	Semiconductors Technology	$27.1M 0.206%	—	0.014% 162.0K shares	—	—	$187.25B Large Cap	Q4 2021 Held for 3y 11m
30 Intercontinental Exchange ICE	Financial - Data & Stock Exchanges Financial Services	$27.0M 0.204%	—	0.028% 160.0K shares	—	—	$96.4B Large Cap	Q4 2021 Held for 3y 11m
31 S&P Global SPGI	Financial - Data & Stock Exchanges Financial Services	$25.7M 0.195%	—	0.017% 52.8K shares	—	—	$148.59B Large Cap	Q3 2019 Held for 6y 2m
32 Emerson Electric EMR	Industrial - Machinery Industrials	$22.4M 0.17%	—	0.03% 170.8K shares	—	—	$73.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
33 Walt Disney DIS	Entertainment Communication Services	$22.1M 0.168%	—	0.011% 193.0K shares	—	—	$205.86B Mega Cap	≤ Q2 2013 Held for 12y 5m+
34 Costco Wholesale COST	Discount Stores Consumer Defensive	$21.9M 0.166%	—	0.005% 23.7K shares	—	—	$410.27B Mega Cap	Q2 2024 Held for 1y 5m
35 Applied Materials AMAT	Semiconductors Technology	$21.5M 0.163%	+$15.0M Bought	0.013% 105.0K shares	31.5K → 105.0K +$15.0M	+233.33%	$163.10B Large Cap	Q2 2025 Held for 5 months
36 Coca-Cola KO	Beverages - Non-Alcoholic Consumer Defensive	$20.5M 0.155%	—	0.007% 308.5K shares	—	—	$285.42B Mega Cap	≤ Q2 2013 Held for 12y 5m+
37 Zebra Technologies ZBRA	Communication Equipment Technology	$19.3M 0.147%	—	0.128% 65.0K shares	—	—	$15.1B Large Cap	Q1 2023 Held for 2y 8m
38 Exxon Mobil XOM	Oil & Gas Integrated Energy	$18.8M 0.143%	—	0.004% 166.7K shares	—	—	$480.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
39 Chevron CVX	Oil & Gas Integrated Energy	$15.4M 0.117%	—	0.005% 99.0K shares	—	—	$312.88B Mega Cap	≤ Q2 2013 Held for 12y 5m+
40 Honeywell International HON	Conglomerates Industrials	$14.9M 0.113%	—	0.011% 71.0K shares	—	—	$133.65B Large Cap	Q4 2016 Held for 8y 11m
41 The Travelers Companies TRV	Insurance - Property & Casualty Financial Services	$14.0M 0.106%	—	0.022% 50.0K shares	—	—	$62.9B Large Cap	≤ Q2 2013 Held for 12y 5m+
42 Deere & Company DE	Agricultural - Machinery Industrials	$9.1M 0.069%	—	0.007% 20.0K shares	—	—	$123.61B Large Cap	Q3 2024 Held for 1y 2m
43 Norfolk Southern NSC	Railroads Industrials	- —	-$8.3M Sold	— - shares	32.4K → 0 −$8.3M	Sold	$58.0B Large Cap	≤ Q2 2013 Held for 12y 5m+

Holding43	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 iShares Core S&P 500 ETF IVV	ETF ETF	$2.4B 18.18%	—	— 3.6M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
2 Vanguard Large-Cap VV	ETF ETF	$2.0B 15.28%	—	— 6.5M shares	—	—	— —	Q4 2017 Held for 7y 11m
3 Vanguard S&P 500 ETF VOO	ETF ETF	$1.8B 13.59%	—	— 2.9M shares	—	—	— —	Q2 2014 Held for 11y 5m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$1.7B 13.23%	—	— 2.6M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
5 Invesco QQQ Trust QQQ	ETF ETF	$1.1B 8.01%	—	— 1.8M shares	—	—	— —	Q3 2020 Held for 5y 2m
6 Vanguard Total Stock Market VTI	ETF ETF	$881.7M 6.69%	—	— 2.7M shares	—	—	— —	Q3 2019 Held for 6y 2m
7 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$747.1M 5.67%	—	— 9.5M shares	—	—	— —	Q2 2024 Held for 1y 5m
8 Invesco NASDAQ 100 ETF QQQM	ETF ETF	$619.0M 4.7%	-$111.2M Sold	— 2.5M shares	3.0M → 2.5M −$111.2M	-15.23%	— —	Q2 2024 Held for 1y 5m
9 iShares iBoxx $ Investment Grade Corporate Bond LQD	ETF ETF	$450.4M 3.42%	—	— 4.0M shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
10 iShares Russell 1000 IWB	ETF ETF	$289.1M 2.19%	—	— 791.0K shares	—	—	— —	≤ Q2 2013 Held for 12y 5m+
11 Nvidia NVDA	Semiconductors Technology	$95.3M 0.723%	—	0.002% 511.0K shares	—	—	$4.54T Mega Cap	Q2 2024 Held for 1y 5m
12 Microsoft MSFT	Software - Infrastructure Technology	$92.1M 0.699%	—	0.002% 177.9K shares	—	—	$3.85T Mega Cap	≤ Q2 2013 Held for 12y 5m+
13 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$87.6M 0.665%	—	0.003% 360.5K shares	—	—	$2.95T Mega Cap	Q4 2017 Held for 7y 11m
14 Apple AAPL	Consumer Electronics Technology	$81.3M 0.617%	—	0.002% 319.4K shares	—	—	$3.78T Mega Cap	≤ Q2 2013 Held for 12y 5m+
15 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$68.0M 0.516%	—	0.004% 92.6K shares	—	—	$1.84T Mega Cap	Q2 2015 Held for 10y 5m
16 Amazon AMZN	Specialty Retail Consumer Cyclical	$59.3M 0.45%	—	0.003% 270.0K shares	—	—	$2.34T Mega Cap	≤ Q2 2013 Held for 12y 5m+
17 JPMorgan BetaBuilders U.S. Equity ETF BBUS	ETF ETF	$55.9M 0.424%	—	— 463.0K shares	—	—	— —	Q4 2024 Held for 11 months
18 JPMorgan Chase JPM	Banks - Diversified Financial Services	$50.8M 0.385%	—	0.006% 160.9K shares	—	—	$867.35B Mega Cap	≤ Q2 2013 Held for 12y 5m+
19 Mastercard MA	Financial - Credit Services Financial Services	$38.7M 0.294%	—	0.008% 68.1K shares	—	—	$514.21B Mega Cap	≤ Q2 2013 Held for 12y 5m+
20 Visa V	Financial - Credit Services Financial Services	$37.7M 0.286%	—	0.006% 110.3K shares	—	—	$662.60B Mega Cap	Q1 2014 Held for 11y 8m
21 Walmart WMT	Discount Stores Consumer Defensive	$34.9M 0.265%	—	0.004% 339.1K shares	—	—	$821.68B Mega Cap	Q2 2018 Held for 7y 5m
22 Blackrock BLK	Asset Management Financial Services	$34.3M 0.26%	—	0.019% 29.4K shares	—	—	$180.54B Large Cap	Q4 2016 Held for 8y 11m
23 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$32.3M 0.245%	—	0.02% 72.2K shares	—	—	$160.32B Large Cap	Q2 2019 Held for 6y 5m
24 Eaton Corporation ETN	Industrial - Machinery Industrials	$31.5M 0.239%	—	0.022% 84.3K shares	—	—	$145.70B Large Cap	≤ Q2 2013 Held for 12y 5m+
25 Intuit INTU	Software - Application Technology	$29.3M 0.222%	—	0.015% 42.9K shares	—	—	$190.40B Large Cap	≤ Q2 2013 Held for 12y 5m+
26 AutoZone AZO	Specialty Retail Consumer Cyclical	$29.2M 0.221%	—	0.041% 6.8K shares	—	—	$71.5B Large Cap	≤ Q2 2013 Held for 12y 5m+
27 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$27.7M 0.21%	-$4.2M Sold	0.004% 36.3K shares	41.8K → 36.3K −$4.2M	-13.16%	$684.00B Mega Cap	Q3 2024 Held for 1y 2m
28 Thermo Fisher Scientific TMO	Medical - Diagnostics & Research Healthcare	$27.1M 0.206%	—	0.015% 55.9K shares	—	—	$183.15B Large Cap	≤ Q2 2013 Held for 12y 5m+
29 Micron Technology MU	Semiconductors Technology	$27.1M 0.206%	—	0.014% 162.0K shares	—	—	$187.25B Large Cap	Q4 2021 Held for 3y 11m
30 Intercontinental Exchange ICE	Financial - Data & Stock Exchanges Financial Services	$27.0M 0.204%	—	0.028% 160.0K shares	—	—	$96.4B Large Cap	Q4 2021 Held for 3y 11m
31 S&P Global SPGI	Financial - Data & Stock Exchanges Financial Services	$25.7M 0.195%	—	0.017% 52.8K shares	—	—	$148.59B Large Cap	Q3 2019 Held for 6y 2m
32 Emerson Electric EMR	Industrial - Machinery Industrials	$22.4M 0.17%	—	0.03% 170.8K shares	—	—	$73.8B Large Cap	≤ Q2 2013 Held for 12y 5m+
33 Walt Disney DIS	Entertainment Communication Services	$22.1M 0.168%	—	0.011% 193.0K shares	—	—	$205.86B Mega Cap	≤ Q2 2013 Held for 12y 5m+
34 Costco Wholesale COST	Discount Stores Consumer Defensive	$21.9M 0.166%	—	0.005% 23.7K shares	—	—	$410.27B Mega Cap	Q2 2024 Held for 1y 5m
35 Applied Materials AMAT	Semiconductors Technology	$21.5M 0.163%	+$15.0M Bought	0.013% 105.0K shares	31.5K → 105.0K +$15.0M	+233.33%	$163.10B Large Cap	Q2 2025 Held for 5 months
36 Coca-Cola KO	Beverages - Non-Alcoholic Consumer Defensive	$20.5M 0.155%	—	0.007% 308.5K shares	—	—	$285.42B Mega Cap	≤ Q2 2013 Held for 12y 5m+
37 Zebra Technologies ZBRA	Communication Equipment Technology	$19.3M 0.147%	—	0.128% 65.0K shares	—	—	$15.1B Large Cap	Q1 2023 Held for 2y 8m
38 Exxon Mobil XOM	Oil & Gas Integrated Energy	$18.8M 0.143%	—	0.004% 166.7K shares	—	—	$480.68B Mega Cap	≤ Q2 2013 Held for 12y 5m+
39 Chevron CVX	Oil & Gas Integrated Energy	$15.4M 0.117%	—	0.005% 99.0K shares	—	—	$312.88B Mega Cap	≤ Q2 2013 Held for 12y 5m+
40 Honeywell International HON	Conglomerates Industrials	$14.9M 0.113%	—	0.011% 71.0K shares	—	—	$133.65B Large Cap	Q4 2016 Held for 8y 11m
41 The Travelers Companies TRV	Insurance - Property & Casualty Financial Services	$14.0M 0.106%	—	0.022% 50.0K shares	—	—	$62.9B Large Cap	≤ Q2 2013 Held for 12y 5m+
42 Deere & Company DE	Agricultural - Machinery Industrials	$9.1M 0.069%	—	0.007% 20.0K shares	—	—	$123.61B Large Cap	Q3 2024 Held for 1y 2m
43 Norfolk Southern NSC	Railroads Industrials	- —	-$8.3M Sold	— - shares	32.4K → 0 −$8.3M	Sold	$58.0B Large Cap	≤ Q2 2013 Held for 12y 5m+

National Mutual Insurance Federation of Agricultural Cooperatives Portfolio Holdings

Apply Filters

Select Columns

Cookie Preferences

Apply Filters

Select Columns