Nomura Asset Management International INC.
Reported US equity positions for Q1 2026 — $58.4B across 1,471 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $2.7B | 4.6% | 15,327,251 |
| MSFT Microsoft Corporation | $1.7B | 2.9% | 4,631,277 |
| GOOGL Alphabet Inc. | $1.4B | 2.4% | 4,781,128 |
| AAPL Apple Inc. | $1.3B | 2.3% | 5,239,170 |
| AMZN Amazon.com, Inc. | $1.2B | 2.1% | 5,797,054 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $910.0M | 1.6% | 2,692,843 |
| AVGO Broadcom Inc. | $816.8M | 1.4% | 2,638,967 |
| META Meta Platforms, Inc. | $714.0M | 1.2% | 1,248,052 |
| G7997R103 Seagate Technology Hldngs Pl | $706.9M | 1.2% | 1,804,383 |
| HWM Howmet Aerospace Inc. | $511.1M | 0.9% | 2,217,838 |
| AMD Advanced Micro Devices, Inc. | $490.9M | 0.8% | 2,413,062 |
| V Visa Inc. | $480.9M | 0.8% | 1,591,208 |
| GILD Gilead Sciences, Inc. | $480.4M | 0.8% | 3,447,111 |
| NFLX Netflix, Inc. | $430.2M | 0.7% | 4,473,992 |
| MA Mastercard Incorporated | $412.9M | 0.7% | 826,331 |
| BKNG Booking Holdings Inc. | $369.6M | 0.6% | 87,783 |
| ICE Intercontinental Exchange Inc. | $343.3M | 0.6% | 2,182,444 |
| MU Micron Technology, Inc. | $329.7M | 0.6% | 975,983 |
| INTU Intuit Inc. | $325.6M | 0.6% | 753,125 |
| VOO Vanguard S&P 500 ETF | $308.5M | 0.5% | 516,226 |
| XOM ExxonMobil Holdings Corporation | $302.8M | 0.5% | 1,784,911 |
| BABA Alibaba Group Holding Limited American Preferred | $296.2M | 0.5% | 2,360,589 |
| DHR Danaher Corporation | $285.8M | 0.5% | 1,507,546 |
| TXN Texas Instruments Incorporated | $279.0M | 0.5% | 1,437,034 |
| ISRG Intuitive Surgical, Inc. | $273.8M | 0.5% | 593,952 |
| IEFA iShares Core MSCI EAFE ETF | $258.3M | 0.4% | 2,852,637 |
| N07059210 Asml Holding N V | $257.3M | 0.4% | 194,837 |
| EFG iShares MSCI EAFE Growth ETF | $257.1M | 0.4% | 2,308,868 |
| WDC Western Digital Corporation | $241.2M | 0.4% | 891,662 |
| IDXX IDEXX Laboratories, Inc. | $224.4M | 0.4% | 399,376 |
| EW Edwards Lifesciences Corporation | $221.7M | 0.4% | 2,768,995 |
| CSCO Cisco Systems, Inc. | $217.1M | 0.4% | 2,798,623 |
| ONB Old National Bancorp | $212.4M | 0.4% | 9,611,237 |
| NEE NextEra Energy, Inc. | $210.7M | 0.4% | 2,268,759 |
| SPGI S&P Global Inc. | $205.5M | 0.4% | 483,224 |
| PLD Prologis, Inc. | $204.6M | 0.4% | 1,548,139 |
| JPM JP Morgan Chase & Co. | $203.5M | 0.3% | 691,751 |
| L8681T102 Spotify Technology S A | $203.3M | 0.3% | 419,242 |
| VMC Vulcan Materials Company (Holding Company) | $197.5M | 0.3% | 725,464 |
| CARR Carrier Global Corporation | $197.2M | 0.3% | 3,502,128 |
| KTOS Kratos Defense & Security Solutions, Inc. | $196.2M | 0.3% | 2,782,153 |
| T AT&T Inc. | $191.7M | 0.3% | 6,611,770 |
| COST Costco Wholesale Corporation | $189.1M | 0.3% | 189,802 |
| INSM Insmed Incorporated | $187.0M | 0.3% | 1,143,739 |
| BKH Black Hills Corporation | $186.0M | 0.3% | 2,679,192 |
| AMAT Applied Materials, Inc. | $184.0M | 0.3% | 538,347 |
| PNC The PNC Financial Services Group, Inc. | $179.7M | 0.3% | 863,712 |
| PWR Quanta Services, Inc. | $178.7M | 0.3% | 325,457 |
| TMO Thermo Fisher Scientific Inc | $174.3M | 0.3% | 354,599 |
| G1151C101 Accenture PLC Ireland | $173.0M | 0.3% | 872,333 |
| WFC Wells Fargo & Company | $171.9M | 0.3% | 2,159,773 |
| SMTC Semtech Corporation | $170.9M | 0.3% | 2,223,154 |
| SPXC SPX Technologies, Inc. | $166.2M | 0.3% | 831,162 |
| WCN Waste Connections, Inc. | $165.2M | 0.3% | 1,016,883 |
| G29183103 Eaton Corp PLC | $164.4M | 0.3% | 459,531 |
| VRSK Verisk Analytics, Inc. | $161.9M | 0.3% | 853,167 |
| MRK Merck & Company, Inc. Common Stock (new) | $161.9M | 0.3% | 1,345,718 |
| MPWR Monolithic Power Systems, Inc. | $161.8M | 0.3% | 147,967 |
| WELL Welltower Inc. | $160.3M | 0.3% | 810,731 |
| MGY Magnolia Oil & Gas Corporation Class A | $157.0M | 0.3% | 4,972,261 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Trim | $2.7B | $3.0B | -4% |
| MSFT Microsoft Corporation | Trim | $1.7B | $2.8B | -19% |
| GOOGL Alphabet Inc. | Trim | $1.4B | $1.7B | -11% |
| AAPL Apple Inc. | Trim | $1.3B | $1.6B | -10% |
| AMZN Amazon.com, Inc. | Trim | $1.2B | $1.4B | -7% |
| AVGO Broadcom Inc. | Trim | $816.8M | $953.8M | -4% |
| META Meta Platforms, Inc. | Add | $714.0M | $612.9M | +34% |
| HWM Howmet Aerospace Inc. | Trim | $511.1M | $530.2M | -14% |
| AMD Advanced Micro Devices, Inc. | Add | $490.9M | $475.9M | +9% |
| V Visa Inc. | Trim | $480.9M | $705.5M | -21% |
| GILD Gilead Sciences, Inc. | Trim | $480.4M | $436.9M | -3% |
| NFLX Netflix, Inc. | Add | $430.2M | $414.3M | +1% |
| MA Mastercard Incorporated | Trim | $412.9M | $491.2M | -4% |
| BKNG Booking Holdings Inc. | Add | $369.6M | $386.8M | +22% |
| ICE Intercontinental Exchange Inc. | Trim | $343.3M | $371.4M | -5% |
| MU Micron Technology, Inc. | Trim | $329.7M | $351.7M | -21% |
| INTU Intuit Inc. | Add | $325.6M | $291.9M | +71% |
| VOO Vanguard S&P 500 ETF | Trim | $308.5M | $465.0M | -30% |
| XOM ExxonMobil Holdings Corporation | Trim | $302.8M | $238.5M | -10% |
| BABA Alibaba Group Holding Limited American Preferred | Add | $296.2M | $331.5M | +4% |
| DHR Danaher Corporation | Trim | $285.8M | $412.5M | -16% |
| TXN Texas Instruments Incorporated | Add | $279.0M | $240.3M | +4% |
| ISRG Intuitive Surgical, Inc. | Trim | $273.8M | $353.0M | -5% |
| IEFA iShares Core MSCI EAFE ETF | Trim | $258.3M | $354.1M | -28% |
| N07059210 Asml Holding N V | Add | $257.3M | $201.0M | +4% |
| EFG iShares MSCI EAFE Growth ETF | Trim | $257.1M | $270.5M | -3% |
| WDC Western Digital Corporation | Trim | $241.2M | $176.7M | -13% |
| IDXX IDEXX Laboratories, Inc. | Trim | $224.4M | $292.3M | -8% |
| ONB Old National Bancorp | Trim | $212.4M | $229.6M | -7% |
| NEE NextEra Energy, Inc. | Trim | $210.7M | $224.0M | -19% |
| PLD Prologis, Inc. | Trim | $204.6M | $255.9M | -23% |
| JPM JP Morgan Chase & Co. | Trim | $203.5M | $250.7M | -11% |
| L8681T102 Spotify Technology S A | Add | $203.3M | $154.6M | +58% |
| VMC Vulcan Materials Company (Holding Company) | Trim | $197.5M | $237.2M | -13% |
| KTOS Kratos Defense & Security Solutions, Inc. | Add | $196.2M | $196.0M | +8% |
| T AT&T Inc. | Trim | $191.7M | $207.3M | -21% |
| COST Costco Wholesale Corporation | Trim | $189.1M | $171.1M | -4% |
| INSM Insmed Incorporated | Trim | $187.0M | $205.9M | -3% |
| AMAT Applied Materials, Inc. | Trim | $184.0M | $146.0M | -5% |
| PWR Quanta Services, Inc. | Trim | $178.7M | $145.6M | -6% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.