CIK: 0001163653
Total reported value
$37.7B
Reporting period: 2026-03-31 · Number of holdings: 2179
NOMURA HOLDINGS INC disclosed 2179 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $37.7B and a quarterly turnover rate of 94.8%.
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Nomura Holdings INC's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 40 equally-sized positions, well below its 2179 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 5.23), 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 ECHO 3.875 11-30-30
-99.7% -$19.2B
Add MU
+156.4% $1.4B
Add META
-17.5% -$1.3B
Trim GOOGL
-80.6% -$2.2B
Add HON
+42.8% $434.1M
Add BABA 0.5 06-01-31
-1.0% -$297.4M
Nomura is executing a high-velocity capital rotation, slashing a massive bond position and trimming index exposure while piling into a single semiconductor name – the 99% reduction in Echo bond and SPY trim fund the MU add, signaling a tactical shift from passive beta to concentrated factor timing.
By liquidating a 25% bond overweight and paring broad market ETFs, Nomura prices in a regime where growth persists and rates stay elevated, favoring cyclical tech over duration. The opposing thesis is a reflexive slowdown that forces a Fed pivot to cuts, which would punish the bond exit and semi bet as risk-off flows reverse the rotation.
The portfolio's 94.77 turnover and 1,148-holding sprawl mask a fragile conviction structure – this is a high-velocity spread-betting machine vulnerable to a liquidity seizure. The MU add converges into a consensus semiconductor trade: if memory cycle demand disappoints or geopolitics disrupt supply, Nomura has no ballast from the sold-off bond and index positions, leaving overexposure to a single factor.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
Showing top 1148 holdings (of 2179 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | Stock-Comm Services | 8.95% | +2.55% | -17.50% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.18% | +1.69% | -25.15% | |
| 3 | MU | Micron Technology INC | Stock-Tech | 5.75% | +4.58% | +156.38% | |
| 4 | NVDA | Nvidia CORP | Stock-Tech | 4.81% | -1.32% | -58.31% | |
| 5 | TSLA | Tesla INC | Stock-Consumer Disc | 3.90% | -0.56% | -47.33% | |
| 6 | HON | Honeywell International INC | Stock-Industrials | 3.04% | +2.03% | +42.81% | |
| 7 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 2.70% | +0.46% | -39.42% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.38% | -1.42% | -67.56% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 2.00% | — | -34.20% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.94% | +1.15% | +39.86% | |
| 11 | AAPL | Apple INC | Stock-Tech | 1.90% | — | +10.24% | |
| 12 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-Other | 1.61% | +1.54% | +15858.00% | |
| 13 | DLTR | Dollar Tree INC | Stock-Consumer Staples | 1.49% | +0.47% | -15.67% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.34% | -2.33% | -80.60% | |
| 15 | GLD | Spdr Gold Shares | ETF-Commodities | 1.31% | +0.46% | -26.71% | |
| 16 | RCL | Royal Caribbean Cruises Ltd. | Stock-Consumer Disc | 1.19% | +1.11% | +1737.59% | |
| 17 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.07% | — | +18.41% | |
| 18 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 1.05% | +1.00% | +11315.00% | |
| 19 | CDNS | Cadence Design Sys INC | Stock-Tech | 1.02% | +0.96% | +7837.84% | |
| 20 | CTSH | Cognizant Tech Solutions-a | Stock-Tech | 0.99% | — | +32.23% | |
| 21 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.83% | -0.36% | -61.68% | |
| 22 | EQIX | Equinix INC | Stock-Real Estate | 0.83% | +0.75% | +705.30% | |
| 23 | SLV | Ishares Silver Trust | ETF-Commodities | 0.75% | — | +8.55% | |
| 24 | LUV | Southwest Airlines Co | Stock-Industrials | 0.72% | — | +26.20% | |
| 25 | LITE | Lumentum Holdings INC | Stock-Tech | 0.72% | +0.63% | +195.15% | |
| 26 | AVGO | Broadcom INC | Stock-Tech | 0.71% | — | -1.40% | |
| 27 | WBD | Warner Bros Discovery INC | Stock-Comm Services | 0.70% | — | +51.54% | |
| 28 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.69% | -1.10% | -83.15% | |
| 29 | PEP | Pepsico INC | Stock-Consumer Staples | 0.66% | -0.48% | -73.82% | |
| 30 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.61% | — | +18.23% | |
| 31 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.60% | — | -53.73% | |
| 32 | AXP | American Express Co | Stock-Financials | 0.55% | -0.12% | -49.56% | |
| 33 | DASH | Doordash INC - A | Stock-Consumer Disc | 0.55% | +0.10% | -7.94% | |
| 34 | WULF | Terawulf INC | Stock-Financials | 0.55% | — | -24.63% | |
| 35 | XLE | Ss Energy Select Sector | ETF-Other | 0.52% | — | +24.15% | |
| 36 | APLD | Applied Digital CORP | Stock-Tech | 0.51% | — | -1.87% | |
| 37 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 0.51% | — | -47.06% | |
| 38 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.42% | — | +204.86% | |
| 39 | PRKS | United Parks & Resorts INC | Stock-Other | 0.41% | — | -0.02% | |
| 40 | CORZ | Core Scientific INC | Stock-Tech | 0.40% | — | +2.55% | |
| 41 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.39% | -0.54% | -75.08% | |
| 42 | CRCL | Circle Internet Group INC | Stock-Financials | 0.38% | — | +31.40% | |
| 43 | COIN | Coinbase Global INC -class A | Stock-Financials | 0.38% | -0.15% | -54.64% | |
| 44 | HOOD | Robinhood Markets INC - A | Stock-Financials | 0.35% | +0.01% | -15.83% | |
| 45 | RIOT | Riot Platforms INC | Stock-Financials | 0.35% | — | +44.89% | |
| 46 | CVX | Chevron CORP | Stock-Energy | 0.35% | +0.32% | +763.08% | |
| 47 | DAL | Delta Air Lines INC | Stock-Industrials | 0.34% | — | +21.37% | |
| 48 | EA | Electronic Arts INC | Stock-Comm Services | 0.34% | +0.32% | +2004.09% | |
| 49 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.34% | -0.08% | -61.85% | |
| 50 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.30% | — | +42.80% |
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+17.6%
Based on 80% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2179 | $37.7B | 95 | |
| 2025-12-31 | 2405 | $75.1B | 75 | |
| 2025-09-30 | 2495 | $64.6B | 97 | |
| 2025-06-30 | 1702 | $48.0B | 0 | |
| 2025-03-31 | 2268 | $53.6B | 100 | |
| 2024-12-31 | 2650 | $74.1B | 0 | |
| 2024-09-30 | 1884 | $43.6B | 0 | |
| 2024-06-30 | 2136 | $52.2B | 0 | |
| 2024-03-31 | 1871 | $40.0B | 0 | |
| 2023-12-31 | 2080 | $36.9B | 0 | |
| 2023-09-30 | 1583 | $35.2B | 0 | |
| 2023-06-30 | 1482 | $37.0B | 0 | |
| 2023-03-31 | 1563 | $31.4B | 0 | |
| 2022-12-31 | 1881 | $24.5B | 0 | |
| 2022-09-30 | 2117 | $24.5B | 0 | |
| 2022-06-30 | 2327 | $29.0B | 0 | |
| 2022-03-31 | 2459 | $33.4B | 0 | |
| 2021-12-31 | 2758 | $39.4B | 0 | |
| 2021-09-30 | 2533 | $40.3B | 0 | |
| 2021-06-30 | 2737 | $39.2B | 100 | |
| 2021-03-31 | 2487 | $44.1B | 63 | |
| 2020-12-31 | 2052 | $59.8B | 70 | |
| 2020-09-30 | 1836 | $45.6B | 94 | |
| 2020-06-30 | 1348 | $28.7B | 73 | |
| 2020-03-31 | 1064 | $23.8B | 80 | |
| 2019-12-31 | 1285 | $27.0B | 100 | |
| 2019-09-30 | 1385 | $26.3B | 0 | |
| 2019-06-30 | 1555 | $22.6B | 87 | |
| 2019-03-31 | 1573 | $23.7B | 76 | |
| 2018-12-31 | 1833 | $26.9B | 68 | |
| 2018-09-30 | 1803 | $28.5B | 64 | |
| 2018-06-30 | 1841 | $31.4B | 100 | |
| 2018-03-31 | 4103 | $114.3B | 68 | |
| 2017-12-31 | 2052 | $56.2B | 49 | |
| 2017-09-30 | 2037 | $47.5B | 52 | |
| 2017-06-30 | 1997 | $40.9B | 76 | |
| 2017-03-31 | 1664 | $38.5B | 60 | |
| 2016-12-31 | 2321 | $39.4B | 50 | |
| 2016-09-30 | 1526 | $35.7B | 53 | |
| 2016-06-30 | 1559 | $30.6B | 48 | |
| 2016-03-31 | 2126 | $29.6B | 57 | |
| 2015-12-31 | 2660 | $35.8B | 66 | |
| 2015-09-30 | 2736 | $27.9B | 60 | |
| 2015-06-30 | 3135 | $35.5B | 57 | |
| 2015-03-31 | 2856 | $30.6B | 58 | |
| 2014-12-31 | 3224 | $37.4B | 78 | |
| 2014-09-30 | 4212 | $36.9B | 100 | |
| 2014-06-30 | 4369 | $351.0B | 21 | |
| 2014-03-31 | 4989 | $325.6B | 100 | |
| 2013-12-31 | 3529 | $21.9B | 82 | |
| 2013-09-30 | 3980 | $16.6B | 62 | |
| 2013-06-30 | 3883 | $12.3B | 64 |
Nomura Holdings INC's most significant position changes for 2026-03-31: Sold out: Imperial Oil LTD (IMO); Trim: Echostar CORP (ECHO 3.875 11-30-30) — shares -99.65%; Add: Micron Technology INC (MU) — shares +156.38%; Trim: Meta Platforms Inc-class A (META) — shares -17.50%; Trim: Alphabet Inc-cl A (GOOGL) — shares -80.60%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology INC | +4.6% | +156.38% | Add |
| 2 | META | Meta Platforms Inc-class A | +2.6% | -17.50% | Trim |
| 3 | HON | Honeywell International INC | +2% | +42.81% | Add |
| 4 | BABA 0.5 06-01-31 | Alibaba Group Holding | +1.8% | -1.02% | Trim |
| 5 | QQQ | Invesco Qqq Trust Series 1 | +1.7% | -25.15% | Trim |
| 6 | XOP | Ss Spdr S&p Og Exp & Prod | +1.5% | +15858.00% | Add |
| 7 | AMD | Advanced Micro Devices | +1.2% | +39.86% | Add |
| 8 | RCL | Royal Caribbean Cruises Ltd. | +1.1% | +1737.59% | Add |
| 9 | TECK | Teck Resources Ltd-cls B | +1% | +11315.00% | Add |
| 10 | CDNS | Cadence Design Sys INC | +1% | +7837.84% | Add |
| 11 | EQIX | Equinix INC | +0.8% | +705.30% | Add |
| 12 | LITE | Lumentum Holdings INC | +0.6% | +195.15% | Add |
| 13 | DLTR | Dollar Tree INC | +0.5% | -15.67% | Trim |
| 14 | IWM | Ishares Russell 2000 ETF | +0.5% | -39.42% | Trim |
| 15 | GLD | Spdr Gold Shares | +0.5% | -26.71% | Trim |
| 16 | EA | Electronic Arts INC | +0.3% | +2004.09% | Add |
| 17 | CVX | Chevron CORP | +0.3% | +763.08% | Add |
| 18 | DASH | Doordash INC - A | +0.1% | -7.94% | Trim |
| 19 | HOOD | Robinhood Markets INC - A | 0% | -15.83% | Trim |
| 20 | MSFT | Microsoft CORP | — | -34.20% | Trim |
| 21 | CRWV | Coreweave Inc-cl A | — | -53.73% | Trim |
| 22 | EEM | Ishares Msci Emerging Market | -0.1% | -61.85% | Trim |
| 23 | ORCL | Oracle CORP | -0.1% | -50.81% | Trim |
| 24 | MA | Mastercard INC - A | -0.1% | -70.60% | Trim |
| 25 | SNPS | Synopsys INC | -0.1% | -72.63% | Trim |
| 26 | APO | Apollo Global Management INC | -0.1% | -75.67% | Trim |
| 27 | AXP | American Express Co | -0.1% | -49.56% | Trim |
| 28 | AAL | American Airlines Group INC | -0.1% | -65.30% | Trim |
| 29 | HPE | Hewlett Packard Enterprise | -0.1% | -81.99% | Trim |
| 30 | TXN | Texas Instruments INC | -0.1% | -87.42% | Trim |
| 31 | COIN | Coinbase Global INC -class A | -0.2% | -54.64% | Trim |
| 32 | RBLX | Roblox CORP -class A | -0.2% | -87.49% | Trim |
| 33 | FFIV | F5 INC | -0.2% | -99.49% | Trim |
| 34 | XHB | Ss Spdr S&p Homebldrs ETF | -0.2% | -89.25% | Trim |
| 35 | BP | Bp Plc-spons Adr | -0.2% | -99.04% | Trim |
| 36 | BABA | Alibaba Group Holding-sp Adr | -0.2% | -75.36% | Trim |
| 37 | WDC | Western Digital CORP | -0.2% | -91.27% | Trim |
| 38 | XBI | Ss Spdr S&p Biotech ETF | -0.3% | -94.77% | Trim |
| 39 | FXI | Ishares China Large-cap ETF | -0.3% | -88.56% | Trim |
| 40 | AMZN | Amazon.com INC | -0.4% | -61.68% | Trim |
| 41 | KWEB | Kranesh Csi China Internet | -0.4% | -95.72% | Trim |
| 42 | PEP | Pepsico INC | -0.5% | -73.82% | Trim |
| 43 | PLTR | Palantir Technologies Inc-a | -0.5% | -75.08% | Trim |
| 44 | TSLA | Tesla INC | -0.6% | -47.33% | Trim |
| 45 | TSM | Taiwan Semiconductor-sp Adr | -1.1% | -83.15% | Trim |
| 46 | NVDA | Nvidia CORP | -1.3% | -58.31% | Trim |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.4% | -67.56% | Trim |
| 48 | GOOGL | Alphabet Inc-cl A | -2.3% | -80.60% | Trim |
| 49 | ECHO 3.875 11-30-30 | Echostar CORP | -25.4% | -99.65% | Trim |
| 50 | IMO | Imperial Oil LTD | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-18 | Amendment | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2025-01-13 | Amendment | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-03-27 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-03-27 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-15 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-15 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-17 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-18 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-12-12 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-23 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-17 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-18 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-09-02 | Amendment | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 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 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-15 | 13F-HR | View on EDGAR |
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