Fukoku Mutual Life Insurance portfolio

What changed this quarter

141 positions with a change (39 new, 47 added to, 36 trimmed, 19 sold); also, 1 entered through an IPO. 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares US Real Estate ETF−1.3 ppof portfolioSold out
  1.5% → —
• Taiwan Semiconductor Manufacturing+144%more sharesIncreased
  0.7% → 2.1%
• NVIDIA+35%more sharesIncreased
  3.0% → 4.1%
• Chevron−50%fewer sharesReduced
  2.3% → 0.8%
• BlackRock ETF Trust+101%more sharesIncreased
  0.7% → 1.5%
• Broadcom−4.8%fewer sharesReduced
  12.8% → 13.2%
• J P Morgan Exchange Traded Fund+49%more sharesIncreased
  1.5% → 2.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• BroadcomAVGO13.2%
• Cisco SystemsCSCO4.1%
• NVIDIANVDA4.1%
• MerckMRK3.3%
• Coca-ColaKO3.3%
• JPMorgan ChaseJPM3.0%
• iShares International Select ETFIDV3.0%
• Altria GroupMO2.6%
• MicrosoftMSFT2.5%
• AbbVieABBV2.5%
• Nextera EnergyNEE2.3%
• MetLifeMET2.2%
• Taiwan Semiconductor ManufacturingTSM2.1%
• Global X Superdividend USE ETFDIV2.1%
• J P Morgan Exchange Traded FundJEPI2.0%
• First Trust DJ GL Sel DVD ETFFGD2.0%
• American Electric PowerAEP1.9%
• Johnson & JohnsonJNJ1.9%
• iShares JP Morgan USD Emergi ETFEMB1.9%
• International Business MachinesIBM1.9%
• Duke EnergyDUK1.8%
• US Bancorp \de\USB1.8%
• QualcommQCOM1.8%
• Texas InstrumentsTXN1.7%
• iShares Preferred & Income S ETFPFF1.7%
• Global X US Preferred ETFPFFD1.7%
• McDONALD’SMCD1.6%
• BlackRock ETF TrustBALI1.5%
• First Tr Exch Traded Fund IIIFPEI1.4%
• SouthernSO1.3%
• VisaV1.3%
• Exxon MobilXOM1.2%
• PfizerPFE1.0%
• AlphabetGOOGL · GOOG1.0%
• Verizon CommunicationsVZ1.0%
• Gilead SciencesGILD1.0%
• Williams CompaniesWMB1.0%
• iShares National Muni Bond E ETFMUB1.0%
• At&tT0.9%
• CitigroupC0.9%
• AppleAAPL0.9%
• ChevronCVX0.8%
• CME GroupCME0.6%
• Amazon.comAMZN0.5%
• Global X S&P 500 Cove Call E ETFXYLD0.4%
• Micron TechnologyMU0.4%
• State Street Technology Select Sector ETFXLK0.3%
• EatonETN0.3%
• Meta PlatformsMETA0.3%
• TeslaTSLA0.2%
• Eli LillyLLY0.2%
• Advanced Micro DevicesAMD0.2%
• J P Morgan Exchange Traded FundJEPQ0.2%
• ARM HoldingsARM0.2%
• CaterpillarCAT0.1%
• Goldman Sachs GroupGS0.1%
• Applied MaterialsAMAT0.1%
• CorningGLW0.1%
• Berkshire HathawayBRK/B0.1%
• IntelINTC0.1%
• WalmartWMT0.1%
• Costco WholesaleCOST0.1%
• Lam ResearchLRCX0.1%
• State Street Financial Select Sector ETFXLF0.1%
• MastercardMA0.1%
• GE VernovaGEV0.1%
• Quanta ServicesPWR0.1%
• Marvell TechnologyMRVL0.1%
• Bank of AmericaBAC0.1%
• LindeLIN0.1%
• Palantir TechnologiesPLTR0.1%
• GE AerospaceGE0.1%
• UnitedHealth GroupUNH0.1%
• KLAKLAC0.1%
• Procter & GamblePG0.1%
• NetflixNFLX0.1%
• Palo Alto NetworksPANW0.1%
• State Street Health Care Select Sector ETFXLV0.1%
• Home DepotHD0.1%
• RTXRTX0.1%
• Cadence Design SystemsCDNS0.1%
• Vertex PharmaceuticalsVRTX0.1%
• Bank of New York MellonBNY0.1%
• Philip Morris InternationalPMunder 0.1%
• OracleORCLunder 0.1%
• TJXTJXunder 0.1%
• AmphenolAPHunder 0.1%
• Intuitive SurgicalISRGunder 0.1%
• DatadogDDOGunder 0.1%
• State Street Industrial Select Sector ETFXLIunder 0.1%
• BlackRockBLKunder 0.1%
• Wells FargoWFCunder 0.1%
• CumminsCMIunder 0.1%
• Morgan StanleyMSunder 0.1%
• Vertiv HoldingsVRTunder 0.1%
• CrowdStrike HoldingsCRWDunder 0.1%
• EquinixEQIXunder 0.1%
• Trane TechnologiesTTunder 0.1%
• Thermo Fisher ScientificTMOunder 0.1%