CIK: 0001055964
Total reported value
$38.8B
Reporting period: 2026-03-31 · Number of holdings: 2291
NOMURA ASSET MANAGEMENT CO LTD disclosed 2291 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $38.8B and a quarterly turnover rate of 17.3%.
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Nomura Asset Management Co LTD's disclosed holdings carry a Herfindahl concentration index of 0.018 — mathematically equivalent to about 56 equally-sized positions, well below its 2291 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 5.47), 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.
Trim MSFT
+0.7% -$440.9M
Trim MU
-54.9% -$297.5M
Add AMAT
+64.3% $221.9M
Trim META
-9.1% -$160.9M
Trim AMZN
-2.9% -$138.4M
Trim GOOG
-6.2% -$121.1M
Nomura Asset Management rotates capital away from high-beta internet and memory names toward entrenched cash-flow generators and semiconductor equipment makers this quarter. The fund trims MU, META, AMZN, and GOOG while actively adding MSFT, AAPL, and AMAT, locking in a classic quality-over-growth positioning sweep.
The embedded regime bet is that AI capex deployment has hit an efficiency plateau, forcing a rotation from speculative growth multiples into proven infrastructure builders. The opposing thesis demands continued hyper-acceleration of cloud spend and software monetization, which would keep MU, META, and GOOG bid higher while punishing value-leaning tech heavyweights.
Information Technology commands a massive 36.2% allocation across 1,730 holdings, creating a structural liquidity trap on the long side. If mega-cap P/E compression accelerates, portfolio beta will skew aggressively downward before defensive sectors like Utilities and Energy have time to contribute meaningful downside protection.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
Showing top 200 holdings (of 2291 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 8.95% | — | +7.76% | |
| 2 | AAPL | Apple INC | Stock-Tech | 4.63% | -0.15% | +1.83% | |
| 3 | AVGO | Broadcom INC | Stock-Tech | 4.60% | -0.15% | +6.40% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 3.82% | -1.04% | +0.66% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.53% | -0.30% | -2.87% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.44% | — | +12.61% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.88% | -0.27% | -6.22% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.54% | -0.38% | -9.10% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 1.18% | -0.18% | +2.45% | |
| 10 | AMAT | Applied Materials INC | Stock-Tech | 1.06% | +0.59% | +64.30% | |
| 11 | XOM | Exxon Mobil CORP | Stock-Energy | 0.95% | +0.27% | -2.30% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.93% | — | +1.21% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.90% | -0.10% | +3.13% | |
| 14 | MA | Mastercard INC - A | Stock-Financials | 0.88% | -0.10% | +1.19% | |
| 15 | MU | Micron Technology INC | Stock-Tech | 0.88% | -0.73% | -54.93% | |
| 16 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.80% | — | -12.28% | |
| 17 | KLAC | Kla CORP | Stock-Tech | 0.77% | +0.17% | +5.33% | |
| 18 | WMT | Walmart INC | Stock-Consumer Staples | 0.77% | +0.15% | +9.30% | |
| 19 | NFLX | Netflix INC | Stock-Comm Services | 0.75% | +0.24% | +40.57% | |
| 20 | CSCO | Cisco Systems INC | Stock-Tech | 0.73% | — | +0.73% | |
| 21 | WELL | Welltower INC | Stock-Real Estate | 0.70% | — | +4.83% | |
| 22 | CAT | Caterpillar INC | Stock-Industrials | 0.66% | +0.21% | +15.68% | |
| 23 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.64% | +0.17% | +13.96% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.62% | — | +2.50% | |
| 25 | V | Visa Inc-class A Shares | Stock-Financials | 0.61% | — | +3.27% | |
| 26 | PLD | Prologis INC | Stock-Real Estate | 0.60% | — | +3.08% | |
| 27 | ABBV | Abbvie INC | Stock-Healthcare | 0.57% | — | +0.00% | |
| 28 | PGR | Progressive CORP | Stock-Financials | 0.57% | — | +13.04% | |
| 29 | CVX | Chevron CORP | Stock-Energy | 0.57% | +0.16% | -0.44% | |
| 30 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.49% | +0.12% | +14.02% | |
| 31 | EQIX | Equinix INC | Stock-Real Estate | 0.48% | +0.13% | +5.46% | |
| 32 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.47% | — | +1.32% | |
| 33 | PEP | Pepsico INC | Stock-Consumer Staples | 0.46% | — | +2.47% | |
| 34 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.44% | — | +1.57% | |
| 35 | NEE | Nextera Energy INC | Stock-Utilities | 0.43% | — | -1.12% | |
| 36 | HD | Home Depot INC | Stock-Consumer Disc | 0.43% | — | +2.27% | |
| 37 | MPWR | Monolithic Power Systems INC | Stock-Tech | 0.41% | +0.14% | +25.51% | |
| 38 | LIN | Linde plc | Stock-Materials | 0.41% | — | -7.49% | |
| 39 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.41% | — | +7.28% | |
| 40 | PM | Philip Morris International | Stock-Consumer Staples | 0.38% | — | +5.51% | |
| 41 | O | Realty Income CORP | Stock-Real Estate | 0.38% | — | +3.13% | |
| 42 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.37% | — | +1.97% | |
| 43 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.37% | -0.10% | -5.38% | |
| 44 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 0.36% | — | +6.94% | |
| 45 | AMD | Advanced Micro Devices | Stock-Tech | 0.36% | — | -2.88% | |
| 46 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.36% | — | +2.74% | |
| 47 | WDC | Western Digital CORP | Stock-Tech | 0.36% | -0.13% | -54.61% | |
| 48 | HON | Honeywell International INC | Stock-Industrials | 0.35% | +0.09% | +15.98% | |
| 49 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.34% | -0.08% | -2.28% | |
| 50 | LRCX | Lam Research CORP | Stock-Tech | 0.33% | +0.09% | +7.55% |
Performance for Q3 2026
+4.9%
Performance Last 4 Quarters
+26.8%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2291 | $38.8B | 17 | |
| 2025-12-31 | 2281 | $39.5B | 13 | |
| 2025-09-30 | 2289 | $38.3B | 29 | |
| 2025-06-30 | 2318 | $36.5B | 0 | |
| 2025-03-31 | 2356 | $32.7B | 100 | |
| 2024-12-31 | 2326 | $33.2B | 0 | |
| 2024-09-30 | 2313 | $32.4B | 0 | |
| 2024-06-30 | 2283 | $29.3B | 0 | |
| 2024-03-31 | 2327 | $27.6B | 0 | |
| 2023-12-31 | 2368 | $24.2B | 0 | |
| 2023-09-30 | 2368 | $21.3B | 0 | |
| 2023-06-30 | 2392 | $21.7B | 0 | |
| 2023-03-31 | 2370 | $19.0B | 0 | |
| 2022-12-31 | 2278 | $17.2B | 0 | |
| 2022-09-30 | 2296 | $15.7B | 0 | |
| 2022-06-30 | 2299 | $16.0B | 0 | |
| 2022-03-31 | 2283 | $18.4B | 0 | |
| 2021-12-31 | 1757 | $19.8B | 0 | |
| 2021-09-30 | 1720 | $17.7B | 0 | |
| 2021-06-30 | 1758 | $17.3B | 0 | |
| 2021-03-31 | 1883 | $15.7B | 0 | |
| 2020-12-31 | 2162 | $14.9B | 0 | |
| 2020-09-30 | 1892 | $13.0B | 21 | |
| 2020-06-30 | 1862 | $11.8B | 27 | |
| 2020-03-31 | 1832 | $9.7B | 26 | |
| 2019-12-31 | 1872 | $11.2B | 17 | |
| 2019-09-30 | 1943 | $10.5B | 20 | |
| 2019-06-30 | 1914 | $10.1B | 17 | |
| 2019-03-31 | 1864 | $10.2B | 23 | |
| 2018-12-31 | 1849 | $8.9B | 25 | |
| 2018-09-30 | 1879 | $10.3B | 17 | |
| 2018-06-30 | 1897 | $9.6B | 18 | |
| 2018-03-31 | 1899 | $9.2B | 17 | |
| 2017-12-31 | 1902 | $8.6B | 21 | |
| 2017-09-30 | 1841 | $7.7B | 27 | |
| 2017-06-30 | 1802 | $7.4B | 3 | |
| 2017-03-31 | 2646 | $77.9B | 0 | |
| 2016-12-31 | 2651 | $5.6B | 17 | |
| 2016-09-30 | 1411 | $5.6B | 18 | |
| 2016-06-30 | 1825 | $5.3B | 14 | |
| 2016-03-31 | 1375 | $5.2B | 100 | |
| 2015-12-31 | 1116 | $5.2B | 0 | |
| 2015-09-30 | 1117 | $5.0B | 19 | |
| 2015-06-30 | 1128 | $5.4B | 14 | |
| 2015-03-31 | 1116 | $5.6B | 19 | |
| 2014-12-31 | 1112 | $5.7B | 18 | |
| 2014-09-30 | 1081 | $5.7B | 16 | |
| 2014-06-30 | 1099 | $5.4B | 16 | |
| 2014-03-31 | 1109 | $5.5B | 16 | |
| 2013-12-31 | 1182 | $5.6B | 18 | |
| 2013-09-30 | 1166 | $5.3B | 36 | |
| 2013-06-30 | 1132 | $5.0B | 0 |
Nomura Asset Management Co LTD's most significant position changes for 2026-03-31: Sold out: Amcor plc (AMCR); New buy: Amcor plc (AMCR); Add: Microsoft CORP (MSFT) — shares +0.66%; Trim: Micron Technology INC (MU) — shares -54.93%; Add: Applied Materials INC (AMAT) — shares +64.30%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMAT | Applied Materials INC | +0.6% | +64.30% | Add |
| 2 | XOM | Exxon Mobil CORP | +0.3% | -2.30% | Trim |
| 3 | NFLX | Netflix INC | +0.2% | +40.57% | Add |
| 4 | CAT | Caterpillar INC | +0.2% | +15.68% | Add |
| 5 | TER | Teradyne INC | +0.2% | +342.77% | Add |
| 6 | CBOE | Cboe Global Markets INC | +0.2% | +620.75% | Add |
| 7 | KLAC | Kla CORP | +0.2% | +5.33% | Add |
| 8 | COST | Costco Wholesale CORP | +0.2% | +13.96% | Add |
| 9 | CVX | Chevron CORP | +0.2% | -0.44% | Trim |
| 10 | WMT | Walmart INC | +0.2% | +9.30% | Add |
| 11 | MPWR | Monolithic Power Systems INC | +0.1% | +25.51% | Add |
| 12 | EQIX | Equinix INC | +0.1% | +5.46% | Add |
| 13 | MSI | Motorola Solutions INC | +0.1% | +174.81% | Add |
| 14 | MRK | Merck & Co. INC. | +0.1% | +14.02% | Add |
| 15 | KEYS | Keysight Technologies In | +0.1% | +41.27% | Add |
| 16 | DDOG | Datadog INC - Class A | +0.1% | +252.84% | Add |
| 17 | TMUS | T-mobile US INC | +0.1% | +75.24% | Add |
| 18 | AEP | American Electric Power | +0.1% | +100.59% | Add |
| 19 | VGSH | Vanguard Short-term Treasury | +0.1% | +58.10% | Add |
| 20 | BA | Boeing Co/the | +0.1% | +67.93% | Add |
| 21 | HON | Honeywell International INC | +0.1% | +15.98% | Add |
| 22 | LRCX | Lam Research CORP | +0.1% | +7.55% | Add |
| 23 | SNDK | Sandisk CORP | +0.1% | +509.31% | Add |
| 24 | UNH | Unitedhealth Group INC | -0.1% | -2.28% | Trim |
| 25 | KKR | Kkr & Co INC | -0.1% | -45.70% | Trim |
| 26 | ADBE | Adobe INC | -0.1% | -17.95% | Trim |
| 27 | QCOM | Qualcomm INC | -0.1% | -19.20% | Trim |
| 28 | CEG | Constellation Energy | -0.1% | -31.43% | Trim |
| 29 | LLY | Eli Lilly & Co | -0.1% | +3.13% | Add |
| 30 | MA | Mastercard INC - A | -0.1% | +1.19% | Add |
| 31 | ISRG | Intuitive Surgical INC | -0.1% | -5.38% | Trim |
| 32 | ORCL | Oracle CORP | -0.1% | +1.32% | Add |
| 33 | CRM | Salesforce INC | -0.1% | +0.95% | Add |
| 34 | INTU | Intuit INC | -0.1% | -20.30% | Trim |
| 35 | UBER | Uber Technologies INC | -0.1% | -18.78% | Trim |
| 36 | WDC | Western Digital CORP | -0.1% | -54.61% | Trim |
| 37 | TTD | Trade Desk Inc/the -class A | -0.1% | -89.82% | Trim |
| 38 | NOW | Servicenow INC | -0.1% | -22.57% | Trim |
| 39 | AAPL | Apple INC | -0.2% | +1.83% | Add |
| 40 | AVGO | Broadcom INC | -0.2% | +6.40% | Add |
| 41 | LITE | Lumentum Holdings INC | -0.2% | -72.49% | Trim |
| 42 | COHR | Coherent CORP | -0.2% | -84.70% | Trim |
| 43 | TSLA | Tesla INC | -0.2% | +2.45% | Add |
| 44 | GOOG | Alphabet Inc-cl C | -0.3% | -6.22% | Trim |
| 45 | AMZN | Amazon.com INC | -0.3% | -2.87% | Trim |
| 46 | META | Meta Platforms Inc-class A | -0.4% | -9.10% | Trim |
| 47 | MU | Micron Technology INC | -0.7% | -54.93% | Trim |
| 48 | MSFT | Microsoft CORP | -1% | +0.66% | Add |
| 49 | AMCR | Amcor plc | — | EXIT | Sold out |
| 50 | AMCR | Amcor plc | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-10 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-09 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2025-01-10 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-14 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | Amendment | View on EDGAR |
| 2022-06-30 | 2025-01-10 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-11-21 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-02-01 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2025-01-10 | Amendment | View on EDGAR |
| 2021-09-30 | 2022-11-21 | Amendment | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2025-01-10 | Amendment | View on EDGAR |
| 2021-06-30 | 2022-11-21 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-06 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2021-03-31 | 2022-11-21 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2025-01-10 | Amendment | View on EDGAR |
| 2020-12-31 | 2022-11-22 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2022-11-22 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2022-11-22 | Amendment | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2022-11-22 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2022-11-30 | Amendment | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2022-11-30 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2022-11-30 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2022-11-30 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-10 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-11-07 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2022-12-01 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-03 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2022-12-01 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2022-12-02 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2022-12-02 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2022-12-02 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2022-12-02 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-06-28 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-03-10 | Amendment | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-13 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | 13F-HR | View on EDGAR |
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