HP
Hikari Power Ltd 13F Holdings & Position Changes (Q2 2026)
Hikari Power LtdCIK: 0001606152
Concentrated strategyContrarian
Total reported value
$854.5M
Reporting period: 2026-06-30 · Number of holdings: 43
Hikari Power Ltd disclosed 43 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $854.5M and a quarterly turnover rate of 37.9%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 37.93
- Momentum
- 0
- Sector conviction
- 60.28
- Diversification
- 86
- Sizing Uniformity
- 60.32
Hikari Power Ltd's disclosed holdings carry a Herfindahl concentration index of 0.381 — mathematically equivalent to about 3 equally-sized positions, well below its 43 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.97), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 31% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd BRK-A
-8.7% -$26.1M
Sold out XOM
Trim LIN
-74.3% -$56.9M
New buy 30233Q108
Trim DHR
-88.9% -$31.2M
Trim SHEL
-93.7% -$30.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 60.73% | +13.24% | -8.70% | |
| 2 | V | Visa Inc-class A Shares | Stock-Financials | 4.99% | +0.94% | -19.27% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 4.70% | -1.88% | -48.80% | |
| 4 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.59% | +1.62% | -6.73% | |
| 5 | ✓ | Stock-Other | 4.04% | +4.04% | NEW | ||
| 6 | PSX | Phillips 66 | Stock-Energy | 3.07% | +0.05% | -18.40% | |
| 7 | LIN | Linde plc | Stock-Materials | 2.45% | -4.34% | -74.28% | |
| 8 | ROP | Roper Technologies Inc | Stock-Tech | 2.38% | +0.53% | — | |
| 9 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 2.02% | +0.01% | -38.47% | |
| 10 | MCO | Moody's CORP | Stock-Financials | 1.71% | -0.31% | -39.25% | |
| 11 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.54% | +0.54% | — | |
| 12 | VGUS | Vanguard Ultra Shrt Treasury | ETF-Gov Bonds | 1.21% | +0.31% | — | |
| 13 | NTR | Nutrien LTD | Stock-Materials | 1.11% | +0.12% | — | |
| 14 | NDAQ | Nasdaq Inc | Stock-Financials | 0.93% | +0.19% | — | |
| 15 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.66% | -1.07% | -67.19% | |
| 16 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 0.53% | +0.14% | — | |
| 17 | DHR | Danaher CORP | Stock-Healthcare | 0.46% | -2.60% | -88.93% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.45% | +0.13% | — | |
| 19 | AMGN | Amgen Inc | Stock-Healthcare | 0.38% | -0.57% | -71.28% | |
| 20 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.32% | -0.10% | -56.41% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.30% | +0.11% | -3.25% | |
| 22 | WAT | Waters CORP | Stock-Healthcare | 0.21% | — | -40.43% | |
| 23 | SHEL | Shell Plc-adr | Stock-Energy | 0.19% | -2.58% | -93.74% | |
| 24 | WAB | Wabtec CORP | Stock-Industrials | 0.19% | -0.14% | -59.65% | |
| 25 | AME | Ametek Inc | Stock-Industrials | 0.11% | +0.04% | — | |
| 26 | CRVS | Corvus Pharmaceuticals Inc | Stock-Other | 0.09% | +0.03% | — | |
| 27 | ZTS | Zoetis Inc | Stock-Healthcare | 0.07% | +0.07% | NEW | |
| 28 | FTV | Fortive CORP | Stock-Tech | 0.06% | +0.02% | — | |
| 29 | WFC | Wells Fargo & Co | Stock-Financials | 0.05% | — | -21.43% | |
| 30 | A | Agilent Technologies Inc | Stock-Healthcare | 0.05% | +0.02% | — | |
| 31 | VEEV | Veeva Systems Inc-class A | Stock-Healthcare | 0.05% | +0.02% | — | |
| 32 | IEX | Idex CORP | Stock-Industrials | 0.04% | +0.01% | — | |
| 33 | SOLV | Solventum CORP | Stock-Healthcare | 0.04% | +0.01% | — | |
| 34 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.04% | — | — | |
| 35 | MTD | Mettler-toledo International | Stock-Healthcare | 0.04% | +0.01% | — | |
| 36 | MMM | 3m Co | Stock-Industrials | 0.03% | +0.01% | — | |
| 37 | TGTX | Tg Therapeutics Inc | Stock-Healthcare | 0.03% | +0.03% | NEW | |
| 38 | BN | Brookfield CORP | Stock-Financials | 0.03% | +0.01% | — | |
| 39 | ECL | Ecolab Inc | Stock-Materials | 0.03% | +0.01% | — | |
| 40 | VHT | Vanguard Health Care ETF | ETF-Other | 0.03% | +0.01% | — | |
| 41 | AVXL | Anavex Life Sciences CORP | Stock-Other | 0.03% | +0.01% | — | |
| 42 | OCUL | Ocular Therapeutix Inc | Stock-Other | 0.02% | +0.01% | — | |
| 43 | ALDX | Aldeyra Therapeutics Inc | Stock-Other | 0.01% | — | — |
Portfolio Performance
Performance for Q3 2026
+11.1%
Performance Last 4 Quarters
+22.4%
Based on 52% of reported portfolio value with available pricing
- Stdev
- +10.7%
- Beta
- +0.52
- Alpha
- +4.6%
- Max Drawdown
- -5.5%
- Annualized Perf
- +15.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.67
- Stutzer
- +0.41
- Treynor
- +0.29
- Sterling
- +1.11
- Calmar
- +2.79
- Information Ratio
- -0.49
- Tracking Error
- +10.4%
- Stdev Down
- +5.6%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +25.2%
- Worst 12 Months
- +4.1%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.4
- Stdev Sectors
- +9.1%
- Skewness
- -0.21
- Kurtosis
- -0.32
- Upside Potential
- +4.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 43 | $854.5M | 38 | ||
| 2026 Q1 | 51 | $1.1B | 21 | ||
| 2025 Q4 | 63 | $1.3B | 5 | ||
| 2025 Q3 | 63 | $1.2B | 10 | ||
| 2025 Q2 | 63 | $1.2B | 0 | ||
| 2025 Q1 | 60 | $1.3B | 100 | ||
| 2024 Q4 | 59 | $1.2B | 0 | ||
| 2024 Q3 | 62 | $1.2B | 0 | ||
| 2024 Q2 | 62 | $1.1B | 0 | ||
| 2024 Q1 | 63 | $1.2B | 0 | ||
| 2023 Q4 | 64 | $1.0B | 0 | ||
| 2023 Q3 | 64 | $1.0B | 0 | ||
| 2023 Q2 | 64 | $1.0B | 0 | ||
| 2023 Q1 | 66 | $995.1M | 0 | ||
| 2022 Q4 | 66 | $1.0B | 0 | ||
| 2022 Q3 | 67 | $893.8M | 0 | ||
| 2022 Q2 | 67 | $933.3M | 0 | ||
| 2022 Q1 | 68 | $1.1B | 0 | ||
| 2021 Q4 | 67 | $1.1B | 0 | ||
| 2021 Q3 | 69 | $996.8M | 0 | ||
| 2021 Q2 | 71 | $1.0B | 97 | ||
| 2021 Q1 | 68 | $949.8M | 11 | ||
| 2020 Q4 | 71 | $895.0M | 14 | ||
| 2020 Q3 | 61 | $787.1M | 12 | ||
| 2020 Q2 | 60 | $729.3M | 15 | ||
| 2020 Q1 | 85 | $707.5M | 33 | ||
| 2019 Q4 | 111 | $964.1M | 13 | ||
| 2019 Q3 | 116 | $926.9M | 11 | ||
| 2019 Q2 | 115 | $928.3M | 18 | ||
| 2019 Q1 | 123 | $954.3M | 15 | ||
| 2018 Q4 | 123 | $888.5M | 26 | ||
| 2018 Q3 | 127 | $983.6M | 14 | ||
| 2018 Q2 | 128 | $908.5M | 21 | ||
| 2018 Q1 | 97 | $849.6M | 12 | ||
| 2017 Q4 | 101 | $846.8M | 11 | ||
| 2017 Q3 | 90 | $773.5M | 12 | ||
| 2017 Q2 | 94 | $741.5M | 20 | ||
| 2017 Q1 | 69 | $702.7M | 12 | ||
| 2016 Q4 | 47 | $703.7M | 35 | ||
| 2016 Q3 | 83 | $841.5M | 12 | ||
| 2016 Q2 | 80 | $867.3M | 21 | ||
| 2016 Q1 | 87 | $869.5M | 25 | ||
| 2015 Q4 | 85 | $732.5M | 21 | ||
| 2015 Q3 | 67 | $600.6M | 27 | ||
| 2015 Q2 | 65 | $670.9M | 12 | ||
| 2015 Q1 | 61 | $704.7M | 14 | ||
| 2014 Q4 | 58 | $716.1M | 12 | ||
| 2014 Q3 | 52 | $675.6M | 13 | ||
| 2014 Q2 | 50 | $691.5M | 39 | ||
| 2014 Q1 | 48 | $820.8M | 0 |
Holding changes this quarter
Hikari Power Ltd's most significant position changes for 2026-06-30: Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Altria Group Inc (MO); Sold out: Bhp Group Ltd-spon Adr (BHP); Sold out: Mastercard Inc - A (MA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BRK-A | Berkshire Hathaway Inc-cl A | +13.2% | -8.70% | Trim |
| 2 | ✓ | +4% | NEW | New buy | |
| 3 | GOOG | Alphabet Inc-cl C | +1.6% | -6.73% | Trim |
| 4 | V | Visa Inc-class A Shares | +0.9% | -19.27% | Trim |
| 5 | VOO | Vanguard S&p 500 ETF | +0.5% | — | Unchanged |
| 6 | ROP | Roper Technologies Inc | +0.5% | — | Unchanged |
| 7 | VGUS | Vanguard Ultra Shrt Treasury | +0.3% | — | Unchanged |
| 8 | NDAQ | Nasdaq Inc | +0.2% | — | Unchanged |
| 9 | VUSB | Vanguard Ultra Short Bond Et | +0.1% | — | Unchanged |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | — | Unchanged |
| 11 | NTR | Nutrien LTD | +0.1% | — | Unchanged |
| 12 | GOOGL | Alphabet Inc-cl A | +0.1% | -3.25% | Trim |
| 13 | ZTS | Zoetis Inc | +0.1% | NEW | New buy |
| 14 | PSX | Phillips 66 | +0.1% | -18.40% | Trim |
| 15 | AME | Ametek Inc | 0% | — | Unchanged |
| 16 | TGTX | Tg Therapeutics Inc | 0% | NEW | New buy |
| 17 | CRVS | Corvus Pharmaceuticals Inc | 0% | — | Unchanged |
| 18 | A | Agilent Technologies Inc | 0% | — | Unchanged |
| 19 | FTV | Fortive CORP | 0% | — | Unchanged |
| 20 | VEEV | Veeva Systems Inc-class A | 0% | — | Unchanged |
| 21 | BNY | Bank Of New York Mellon CORP | 0% | -38.47% | Trim |
| 22 | IEX | Idex CORP | 0% | — | Unchanged |
| 23 | SOLV | Solventum CORP | 0% | — | Unchanged |
| 24 | AVXL | Anavex Life Sciences CORP | 0% | — | Unchanged |
| 25 | MMM | 3m Co | 0% | — | Unchanged |
| 26 | OCUL | Ocular Therapeutix Inc | 0% | — | Unchanged |
| 27 | VHT | Vanguard Health Care ETF | 0% | — | Unchanged |
| 28 | BN | Brookfield CORP | 0% | — | Unchanged |
| 29 | ECL | Ecolab Inc | 0% | — | Unchanged |
| 30 | MTD | Mettler-toledo International | 0% | — | Unchanged |
| 31 | WAT | Waters CORP | — | -40.43% | Trim |
| 32 | WFC | Wells Fargo & Co | — | -21.43% | Trim |
| 33 | LMT | Lockheed Martin CORP | — | — | Unchanged |
| 34 | ALDX | Aldeyra Therapeutics Inc | — | — | Unchanged |
| 35 | UNP | Union Pacific CORP | -0.1% | EXIT | Sold out |
| 36 | NVO | Novo-nordisk A/s-spons Adr | -0.1% | -56.41% | Trim |
| 37 | WAB | Wabtec CORP | -0.1% | -59.65% | Trim |
| 38 | BAC | Bank Of America CORP | -0.2% | EXIT | Sold out |
| 39 | PH | Parker Hannifin CORP | -0.2% | EXIT | Sold out |
| 40 | GILD | Gilead Sciences Inc | -0.2% | EXIT | Sold out |
| 41 | MCO | Moody's CORP | -0.3% | -39.25% | Trim |
| 42 | KO | Coca-cola Co/the | -0.3% | EXIT | Sold out |
| 43 | BDX | Becton Dickinson And Co | -0.3% | EXIT | Sold out |
| 44 | VLTO | Veralto CORP | -0.4% | EXIT | Sold out |
| 45 | MA | Mastercard Inc - A | -0.4% | EXIT | Sold out |
| 46 | AMGN | Amgen Inc | -0.6% | -71.28% | Trim |
| 47 | BHP | Bhp Group Ltd-spon Adr | -0.9% | EXIT | Sold out |
| 48 | ISRG | Intuitive Surgical Inc | -1.1% | -67.19% | Trim |
| 49 | MO | Altria Group Inc | -1.1% | EXIT | Sold out |
| 50 | JNJ | Johnson & Johnson | -1.9% | -48.80% | Trim |
1–50 of 54
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Hikari Power Ltd and what type of investor is it?
Hikari Power Ltd is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $854.5M, spread across 43 disclosed positions.
What are Hikari Power Ltd's largest equity positions?
Based on the latest 13F filing, Hikari Power Ltd's top holdings by market value are:
1. Berkshire Hathaway Inc-cl A (BRK-A) — $519.0M (60.7%)
2. Visa Inc-class A Shares (V) — $42.6M (5.0%)
3. Johnson & Johnson (JNJ) — $40.1M (4.7%)
4. Alphabet Inc-cl C (GOOG) — $39.2M (4.6%)
5. — $34.5M (4.0%)
What changes did Hikari Power Ltd make in its most recent portfolio filing?
In the latest reported quarter, Hikari Power Ltd made 31 notable position adjustments: 3 new positions were initiated, 0 existing holdings were added to, 17 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Altria Group Inc (MO); Sold out: Bhp Group Ltd-spon Adr (BHP); Sold out: Mastercard Inc - A (MA)
What sectors does Hikari Power Ltd focus on?
Hikari Power Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 31.1%
• Health Care: 22.4%
• Communication Services: 15.6%
• Materials: 11.4%
• Energy: 10.4%
• Information Technology: 7.8%
Investment Profile
Hikari Power Ltd returned an annualized 15.3% over the trailing 36 months — outperforming the S&P 500 by 4.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.52 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 31.1% of the portfolio concentrated in Financials.
Its turnover score has risen from 0 to 38 over the past 4 quarters — a shift toward more active trading.
It has added to its CRVS position over the past two quarters (+$361.0K, now $746.0K), while trimming BRK-A over the same stretch (-$72.1M, still holding $519.0M).
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Developer Access
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