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Nomura Asset Management International Inc. — 13F Portfolio Changes & Top Buys (Q2 2026)
Nomura Asset Management International Inc.CIK: 0000921739
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$66.6B
Reporting period: 2026-06-30 · Number of holdings: 1333
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. disclosed 1333 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $66.6B and a quarterly turnover rate of 37.0%.
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Personality snowflake
- Concentration
- 2.92
- Portfolio Stability
- 37
- Momentum
- 100
- Sector conviction
- 51.14
- Diversification
- 100
- Sizing Uniformity
- 70.47
Nomura Asset Management International Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 137 equally-sized positions, well below its 1333 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 2.95), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AMD
-0.7% $900.6M
Trim STX
-99.7% -$701.6M
Add LRCX
+8727.9% $719.7M
Add LLY
+263.4% $497.9M
Add AAPL
+28.5% $619.0M
Trim MSFT
-5.7% -$85.7M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Nomura Asset Management International's filing for the quarter ended June 30, 2026 depicts an ultra-diversified, index-like book — 1,333 holdings, an HHI of roughly 0.0073, and a 37% turnover ratio. The active decisions cluster inside the semiconductor complex: the fund appears to have all but exited Seagate (weight collapsing from 1.21% to 0.01%) and filed share-count reductions in AMD and TSM, yet both positions' weights rose passively to 2.09% and 1.91% on price appreciation alone. Offsetting this, it built Lam Research from effectively zero to 1.09%, added Texas Instruments, Apple and Eli Lilly, and took a modest trim off its largest position, NVIDIA (4.58% to 4.40%). Taken together, this reads as structural capital rotation within tech hardware rather than any retreat from a tech-led allocation.
Macro & Fundamentals
The sell-storage / buy-semicap-equipment pattern lines up with the market's ongoing pricing of AI-driven capex broadening from chips into equipment names — though with only one quarter of holdings data, this is an inference, not a confirmed causal claim. With Information Technology at roughly 32.9% of the book and Consumer Staples plus Materials combined under 4%, positioning remains firmly growth-tilted with thin defensive ballast.
Blind Spots / Risks
The most concrete vulnerability is a crowded-trade profile within a single supply chain: NVIDIA, AMD, TSM, Lam Research and Texas Instruments together exceed 10% of the portfolio, so a turn in the semiconductor cycle would pressure these highly correlated names simultaneously. There is also a positioning-squeeze dynamic in AMD — shares were cut while the weight doubled purely on price, meaning its current prominence is market-driven rather than conviction-driven and would deflate quickly in a drawdown. Finally, the filing omits share-count deltas and leaves about 15% of value unmapped by sector, so trade magnitudes and industry weights carry material estimation error.
Compiled by AI directly from this institution's public Form 13F data on SEC EDGAR; reflects historical positioning only and carries no investment recommendation. Source filing linked below. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1333 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 4.40% | -0.18% | -4.44% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 2.93% | +0.65% | +28.54% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.45% | -0.49% | -5.73% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.36% | +0.01% | -8.00% | |
| 5 | AMD | Advanced Micro Devices | Stock-Tech | 2.09% | +1.25% | -0.73% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.07% | — | +0.00% | |
| 7 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.91% | +0.35% | -1.33% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 1.49% | +0.09% | -0.44% | |
| 9 | LRCX | Lam Research CORP | Stock-Tech | 1.09% | +1.08% | +8727.88% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.95% | +0.72% | +263.37% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.81% | -0.41% | -22.87% | |
| 12 | TXN | Texas Instruments Inc | Stock-Tech | 0.81% | +0.33% | +25.68% | |
| 13 | HWM | Howmet Aerospace Inc | Stock-Industrials | 0.80% | -0.08% | -10.55% | |
| 14 | V | Visa Inc-class A Shares | Stock-Financials | 0.78% | -0.04% | -4.51% | |
| 15 | MU | Micron Technology Inc | Stock-Tech | 0.73% | +0.17% | -56.62% | |
| 16 | WDC | Western Digital CORP | Stock-Tech | 0.72% | +0.31% | -16.04% | |
| 17 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.71% | -0.11% | +9.33% | |
| 18 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 0.71% | +0.08% | +2922.69% | |
| 19 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.71% | +0.26% | +63.45% | |
| 20 | MA | Mastercard Inc - A | Stock-Financials | 0.60% | -0.11% | -6.43% | |
| 21 | ASML | ASML Holding N.V. | Stock-Tech | 0.58% | +0.14% | +0.28% | |
| 22 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.57% | +0.04% | +6.58% | |
| 23 | NFLX | Netflix Inc | Stock-Comm Services | 0.45% | -0.29% | -7.06% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.42% | +0.05% | -15.38% | |
| 25 | AMAT | Applied Materials Inc | Stock-Tech | 0.41% | +0.09% | -30.14% | |
| 26 | DASH | Doordash Inc - A | Stock-Consumer Disc | 0.39% | +0.22% | +107.31% | |
| 27 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 0.38% | -0.09% | +6.30% | |
| 28 | CARR | Carrier Global CORP | Stock-Industrials | 0.38% | +0.04% | -2.72% | |
| 29 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.37% | +0.16% | +109.77% | |
| 30 | DHR | Danaher CORP | Stock-Healthcare | 0.37% | -0.12% | -14.10% | |
| 31 | EW | Edwards Lifesciences CORP | Stock-Healthcare | 0.36% | -0.02% | -4.87% | |
| 32 | ICE | Intercontinental Exchange In | Stock-Financials | 0.36% | -0.23% | -11.82% | |
| 33 | PNC | Pnc Financial Services Group | Stock-Financials | 0.35% | +0.04% | +8.37% | |
| 34 | XOM | Exxon Mobil CORP | Stock-Energy | 0.35% | -0.17% | -5.71% | |
| 35 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.35% | — | +1.62% | |
| 36 | IDXX | Idexx Laboratories Inc | Stock-Healthcare | 0.33% | -0.05% | +5.54% | |
| 37 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.33% | -0.18% | -2.46% | |
| 38 | SPGI | S&p Global Inc | Stock-Financials | 0.33% | -0.02% | +11.99% | |
| 39 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 0.32% | +0.32% | NEW | |
| 40 | VMC | Vulcan Materials Co | Stock-Materials | 0.32% | -0.02% | -0.39% | |
| 41 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.31% | -0.13% | -24.16% | |
| 42 | ABBV | Abbvie Inc | Stock-Healthcare | 0.31% | +0.05% | +16.11% | |
| 43 | PLD | Prologis Inc | Stock-Real Estate | 0.31% | -0.04% | -1.79% | |
| 44 | ONB | Old National Bancorp | Stock-Financials | 0.30% | -0.06% | -19.93% | |
| 45 | GE | General Electric | Stock-Industrials | 0.30% | +0.28% | +1105.59% | |
| 46 | APH | Amphenol Corp-cl A | Stock-Tech | 0.29% | +0.05% | -1.39% | |
| 47 | UBER | Uber Technologies Inc | Stock-Industrials | 0.29% | +0.13% | +108.95% | |
| 48 | MS | Morgan Stanley | Stock-Financials | 0.29% | +0.03% | -0.27% | |
| 49 | WELL | Welltower Inc | Stock-Real Estate | 0.28% | +0.01% | +3.00% | |
| 50 | BKH | Black Hills CORP | Stock-Utilities | 0.28% | -0.04% | -6.80% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
-1%
Performance Last 4 Quarters
+7%
- Stdev
- +15.1%
- Beta
- +0.9
- Alpha
- -6.5%
- Max Drawdown
- -2.2%
- Annualized Perf
- +10.7%
- Batting Avg vs S&P
- +12.5%
- Sortino
- +1.58
- Stutzer
- +0.23
- Treynor
- +0.12
- Sterling
- —
- Calmar
- +4.86
- Information Ratio
- -1.8
- Tracking Error
- +4.7%
- Stdev Down
- +7.1%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.29
- Sharpe
- +0.74
- Stdev Sectors
- +8.5%
- Skewness
- +0.69
- Kurtosis
- +0.26
- Upside Potential
- +3.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Nomura Asset Management International Inc.'s most significant position changes for 2026-06-30: New buy: Vanguard Russell 1000 Growth (VONG); New buy: ; New buy: Nomura Trnsfrmtl Tchnlgy ETF (FRWD); New buy: Stmicroelectronics Nv-ny Shs (STM); New buy: Celestica Inc (CLS).
Showing top 200 changes by size (of 1436 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +1.3% | -0.73% | Trim |
| 2 | LRCX | Lam Research CORP | +1.1% | +8727.88% | Add |
| 3 | LLY | Eli Lilly & Co | +0.7% | +263.37% | Add |
| 4 | AAPL | Apple Inc | +0.7% | +28.54% | Add |
| 5 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | -1.33% | Trim |
| 6 | TXN | Texas Instruments Inc | +0.3% | +25.68% | Add |
| 7 | VONG | Vanguard Russell 1000 Growth | +0.3% | NEW | New buy |
| 8 | WDC | Western Digital CORP | +0.3% | -16.04% | Trim |
| 9 | GE | General Electric | +0.3% | +1105.59% | Add |
| 10 | ✓ | +0.3% | NEW | New buy | |
| 11 | EFG | Ishares Msci Eafe Growth ETF | +0.3% | +63.45% | Add |
| 12 | FERG | Ferguson Enterprises Inc | +0.3% | +23918.16% | Add |
| 13 | DASH | Doordash Inc - A | +0.2% | +107.31% | Add |
| 14 | FRWD | Nomura Trnsfrmtl Tchnlgy ETF | +0.2% | NEW | New buy |
| 15 | STM | Stmicroelectronics Nv-ny Shs | +0.2% | NEW | New buy |
| 16 | CLS | Celestica Inc | +0.2% | NEW | New buy |
| 17 | STRL | Sterling Infrastructure Inc | +0.2% | NEW | New buy |
| 18 | MU | Micron Technology Inc | +0.2% | -56.62% | Trim |
| 19 | LXP | Lxp Industrial Trust | +0.2% | NEW | New buy |
| 20 | MELI | Mercadolibre Inc | +0.2% | +109.77% | Add |
| 21 | DFIV | Dimensional International Va | +0.2% | NEW | New buy |
| 22 | IWM | Ishares Russell 2000 ETF | +0.2% | +17603.54% | Add |
| 23 | ASML | ASML Holding N.V. | +0.1% | +0.28% | Add |
| 24 | UBER | Uber Technologies Inc | +0.1% | +108.95% | Add |
| 25 | IPAC | Ishares Core Msci Pacific Et | +0.1% | NEW | New buy |
| 26 | WMB | Williams Cos Inc | +0.1% | +4154.72% | Add |
| 27 | CYTK | Cytokinetics Inc | +0.1% | +1883.82% | Add |
| 28 | TWLO | Twilio Inc - A | +0.1% | +116.70% | Add |
| 29 | ECG | Everus Construction Group | +0.1% | NEW | New buy |
| 30 | NOW | Servicenow Inc | +0.1% | +79.48% | Add |
| 31 | CAT | Caterpillar Inc | +0.1% | +234.59% | Add |
| 32 | ✓ | +0.1% | NEW | New buy | |
| 33 | GOVT | Ishares US Treasury Bond ETF | +0.1% | +515.99% | Add |
| 34 | AME | Ametek Inc | +0.1% | +220.77% | Add |
| 35 | AVGO | Broadcom Inc | +0.1% | -0.44% | Trim |
| 36 | AMAT | Applied Materials Inc | +0.1% | -30.14% | Trim |
| 37 | UCTT | Ultra Clean Holdings Inc | +0.1% | +51.21% | Add |
| 38 | DNLI | Denali Therapeutics Inc | +0.1% | +1828.21% | Add |
| 39 | BKNG | Booking Holdings Inc | +0.1% | +2922.69% | Add |
| 40 | CVX | Chevron CORP | +0.1% | +120.80% | Add |
| 41 | GEV | GE Vernova Inc | +0.1% | +179.82% | Add |
| 42 | OII | Oceaneering Intl Inc | +0.1% | NEW | New buy |
| 43 | ICHR | Ichor Holdings, Ltd. | +0.1% | NEW | New buy |
| 44 | HOOD | Robinhood Markets Inc - A | +0.1% | NEW | New buy |
| 45 | LGND | Ligand Pharmaceuticals | +0.1% | -0.86% | Trim |
| 46 | TVTX | Travere Therapeutics Inc | +0.1% | -14.00% | Trim |
| 47 | DDOG | Datadog Inc - Class A | +0.1% | -6.66% | Trim |
| 48 | SNOW | Snowflake Inc | +0.1% | +5.73% | Add |
| 49 | MIRM | Mirum Pharmaceuticals Inc | +0.1% | +85.54% | Add |
| 50 | RKLB | Rocket Lab CORP | +0.1% | NEW | New buy |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Nomura Asset Management International Inc. and what type of investor is it?
Nomura Asset Management International Inc. 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 $66.6B, spread across 1333 disclosed positions.
What are Nomura Asset Management International Inc.'s largest equity positions?
Based on the latest 13F filing, Nomura Asset Management International Inc.'s top holdings by market value are:
1. Nvidia CORP (NVDA) — $2.9B (4.4%)
2. Apple Inc (AAPL) — $1.9B (2.9%)
3. Microsoft CORP (MSFT) — $1.6B (2.5%)
4. Alphabet Inc-cl A (GOOGL) — $1.6B (2.4%)
5. Advanced Micro Devices (AMD) — $1.4B (2.1%)
What changes did Nomura Asset Management International Inc. make in its most recent portfolio filing?
In the latest reported quarter, Nomura Asset Management International Inc. made 200 notable position adjustments: 33 new positions were initiated, 70 existing holdings were added to, 84 positions were partially reduced, and 13 were completely exited. The largest of these moves: New buy: Vanguard Russell 1000 Growth (VONG); New buy: ; New buy: Nomura Trnsfrmtl Tchnlgy ETF (FRWD); New buy: Stmicroelectronics Nv-ny Shs (STM); New buy: Celestica Inc (CLS)
What sectors does Nomura Asset Management International Inc. focus on?
Nomura Asset Management International Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 32.9%
• Industrials: 12.9%
• Financials: 12.5%
• Health Care: 10.9%
• Consumer Discretionary: 10.0%
• Communication Services: 6.0%
Investment Profile
Nomura Asset Management International Inc. returned an annualized 10.7% over the trailing 8 months — underperforming the S&P 500 by 6.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.90 (less volatile than the market) and a 13% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.9% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 37 over the past 2 quarters — a shift toward more active trading.
It has added to its AMD position over the past two quarters (+$915.6M, now $1.4B), while trimming MSFT over the same stretch (-$1.2B, still holding $1.6B).
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