National Mutual Insurance Federation of Agricultural Coopera

Est. AUM

$12.99B

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	ISHARES TR	CORE S&P 500 ETF	$2.34B	3581847	18.02%	SOLE
2	VANGUARD INDEX FDS	LARGE CAP ETF	$1.96B	6543317	15.06%	SOLE
3	VANGUARD INDEX FDS	S&P 500 ETF SHS	$1.75B	2925650	13.46%	SOLE
4	STATE STR SPDR S&P 500 ETF T	TR UNIT	$1.70B	2617832	13.11%	SOLE
5	INVESCO QQQ TR	UNIT SER 1	$1.02B	1759000	7.82%	SOLE
6	VANGUARD INDEX FDS	TOTAL STK MKT	$862.0M	2686800	6.64%	SOLE
7	SPDR SERIES TRUST	STATE STREET SPD	$729.9M	9536000	5.62%	SOLE
8	INVESCO EXCH TRADED FD TR II	NASDAQ 100 ETF	$639.4M	2691000	4.92%	SOLE
9	ISHARES TR	IBOXX INV CP ETF	$440.4M	4040400	3.39%	SOLE
10	ISHARES TR	RUS 1000 ETF	$282.0M	791000	2.17%	SOLE
11	J P MORGAN EXCHANGE TRADED F	BETABUILDRS US	$149.4M	1275000	1.15%	SOLE
12	ALPHABET INC	CAP STK CL A	$97.8M	340000	0.75%	DFND
13	NVIDIA CORPORATION	COM	$89.1M	511000	0.69%	DFND
14	APPLE INC	COM	$81.1M	319400	0.62%	DFND
15	MICROSOFT CORP	COM	$65.9M	177900	0.51%	DFND
16	AMAZON COM INC	COM	$56.2M	270000	0.43%	DFND
17	META PLATFORMS INC	CL A	$53.0M	92600	0.41%	DFND
18	JPMORGAN CHASE & CO	COM	$47.3M	160900	0.36%	DFND
19	MICRON TECHNOLOGY INC	COM	$44.6M	132000	0.34%	DFND
20	WALMART INC	COM	$42.1M	339100	0.32%	DFND
21	APPLIED MATLS INC	COM	$35.9M	105000	0.28%	DFND
22	MASTERCARD INCORPORATED	CL A	$34.0M	68100	0.26%	DFND
23	ELI LILLY & CO	COM	$33.4M	36300	0.26%	DFND
24	VISA INC	COM CL A	$33.3M	110300	0.26%	DFND
25	INTUITIVE SURGICAL INC	COM NEW	$33.3M	72200	0.26%	DFND
26	INTERCONTINENTAL EXCHANGE IN	COM	$31.9M	203000	0.25%	DFND
27	BROADCOM INC	COM	$30.6M	99000	0.24%	DFND
28	EATON CORP PLC	SHS	$30.2M	84300	0.23%	DFND
29	EXXON MOBIL CORP	COM	$28.3M	166700	0.22%	DFND
30	BLACKROCK INC	COM	$28.3M	29400	0.22%	DFND
31	THERMO FISHER SCIENTIFIC INC	COM	$27.5M	55900	0.21%	DFND
32	COSTCO WHOLESALE CORPORATION	COM	$23.6M	23700	0.18%	DFND
33	COCA COLA CO	COM	$23.5M	308500	0.18%	DFND
34	AUTOZONE INC	COM	$23.0M	6800	0.18%	DFND
35	S&P GLOBAL INC	COM	$22.5M	52800	0.17%	DFND
36	EMERSON ELEC CO	COM	$22.4M	170800	0.17%	DFND
37	CHEVRON CORPORATION	COM	$20.5M	99000	0.16%	DFND
38	DISNEY WALT CO	COM	$18.6M	193000	0.14%	DFND
39	INTUIT	COM	$18.5M	42900	0.14%	DFND
40	TRAVELERS COMPANIES INC	COM	$14.6M	50000	0.11%	DFND
41	DEERE & CO	COM	$11.3M	20000	0.09%	DFND

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.