NOMURA ASSET MANAGEMENT CO LTD

New 13F: Q3 2026

NOMURA ASSET MANAGEMENT CO LTD filed its 13F for the quarter ended Sep 30, 2026 on Nov 12, 2026: $26.7B in AI and semiconductor stocks; $1.9B bought and $278.7M sold against its previous quarter, at the quarter's prices.

• added to Marvell (MRVL): +$371.0M at the quarter's price
• added to NVIDIA (NVDA): +$298.4M at the quarter's price
• added to Micron (MU): +$139.7M at the quarter's price
• added to Meta Platforms (META): +$125.0M at the quarter's price
• added to Alphabet (GOOGL): +$122.4M at the quarter's price
• trimmed Qualcomm (QCOM): -$120.5M at the quarter's price
• added to Microsoft (MSFT): +$108.1M at the quarter's price
• added to Applied Materials (AMAT): +$68.4M at the quarter's price
• added to Lumentum (LITE): +$66.9M at the quarter's price
• added to AMD (AMD): +$51.8M at the quarter's price

NOMURA ASSET MANAGEMENT CO LTD declares $24.6B in 138 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 52.6% of its $46.7B 13F portfolio. Largest positions: NVIDIA (0.09% of the company) and Alphabet (0.05% of the company). Over time: $24.6B in 138 of these companies for Q2 2026, against $3.1B in 77 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $1.7B and sold $1.0B of these stocks, at the quarter's prices: a net purchase of $726.4M; 6 new positions and 9 sold out.

Performance of its AI picks

The AI-stock portfolio NOMURA ASSET MANAGEMENT CO LTD declared for Q2 2026 (Form 13F), held unchanged, returned +1.8% in Q3 2026 (SMH -7.1%), ranked 1174 of 1,785 active managers. Over the last 12 months, quarter after quarter: +35.4% (SMH +87.2%), ranked 360 of 1,360 active managers. Over three years, quarter after quarter: +177.4% (SMH +325.8%), ranked 155 of 784 active managers. Over five years, quarter after quarter: +192.6% (SMH +389.8%), ranked 100 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $4.2B, 21.0M shares, 0.09% of the company, 9.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
2. Alphabet (GOOGL): $2.1B, 5.9M shares, 0.05% of the company, 4.5% of its portfolio (added this quarter); held since Q4 2019 or earlier
3. Broadcom (AVGO): $2.0B, 5.4M shares, 0.11% of the company, 4.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. Apple (AAPL): $2.0B, 6.9M shares, 0.05% of the company, 4.3% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Microsoft (MSFT): $1.4B, 3.9M shares, 0.05% of the company, 3.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
6. Micron (MU): $1.4B, 1.2M shares, 0.11% of the company, 3.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
7. Amazon (AMZN): $1.2B, 5.0M shares, 0.05% of the company, 2.5% of its portfolio (added this quarter); held since Q4 2019 or earlier
8. Applied Materials (AMAT): $918.1M, 1.3M shares, 0.16% of the company, 2.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
9. Meta Platforms (META): $568.3M, 1.0M shares, 0.04% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
10. AMD (AMD): $483.2M, 831,728 shares, 0.05% of the company, 1.0% of its portfolio (added this quarter); held since Q4 2019 or earlier
11. KLA (KLAC): $470.8M, 1.6M shares, 0.12% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. Astera Labs (ALAB): $411.7M, 852,312 shares, 0.49% of the company, 0.88% of its portfolio (added this quarter); held since Q4 2024
13. Caterpillar (CAT): $384.9M, 361,458 shares, 0.08% of the company, 0.82% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. Cisco (CSCO): $363.5M, 3.1M shares, 0.08% of the company, 0.78% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
15. Teradyne (TER): $290.4M, 600,300 shares, 0.38% of the company, 0.62% of its portfolio (added this quarter); held since Q4 2019 or earlier

By sector

• Chips & compute: $8.0B, 33% of its AI holdings, 22 companies
• Cloud & AI giants: $7.4B, 30% of its AI holdings, 6 companies
• Equipment & test: $2.1B, 9% of its AI holdings, 13 companies
• Memory & storage: $1.9B, 8% of its AI holdings, 5 companies
• Power, electrical & cooling: $1.7B, 7% of its AI holdings, 35 companies
• AI software: $1.3B, 5% of its AI holdings, 20 companies
• Interconnect: $1.1B, 4% of its AI holdings, 7 companies
• Neoclouds & data centers: $493.2M, 2% of its AI holdings, 12 companies
• Servers & systems: $381.6M, 2% of its AI holdings, 11 companies
• Optics: $272.6M, 1% of its AI holdings, 7 companies

Biggest changes this quarter

• added to Micron (MU): +$238.1M at the quarter's price
• added to NVIDIA (NVDA): +$230.2M at the quarter's price
• added to Qualcomm (QCOM): +$196.5M at the quarter's price
• added to Astera Labs (ALAB): +$194.0M at the quarter's price
• trimmed Monolithic Power (MPWR): -$159.3M at the quarter's price
• trimmed Broadcom (AVGO): -$144.7M at the quarter's price
• trimmed KLA (KLAC): -$144.0M at the quarter's price
• added to Teradyne (TER): +$135.6M at the quarter's price
• added to Seagate (STX): +$101.1M at the quarter's price
• trimmed Western Digital (WDC): -$97.4M at the quarter's price

Other holders of this size

• Polar Capital Holdings Plc: $24.6B in 59 of these companies
• Korea Investment CORP: $24.8B in 112 of these companies
• KBC Group NV: $24.4B in 193 of these companies
• JONES FINANCIAL COMPANIES LLLP: $26.1B in 221 of these companies
• ProShare Advisors LLC: $23.8B in 183 of these companies
• ROYAL LONDON ASSET MANAGEMENT LTD: $26.3B in 110 of these companies
• NOMURA ASSET MANAGEMENT INTERNATIONAL INC.: $23.8B in 157 of these companies
• PUBLIC INVESTMENT FUND: $26.3B in 1 of these companies

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