National Mutual Insurance Federation of Agricultural Cooperatives recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
National Mutual Insurance Federation of Agricultural Cooperatives is an insurance company based out of Tokyo, Japan. The company was originally established in 1951 and acts as Japan’s mutual aid association of agricultural cooperatives. National Mutual Insurance Federation of Agricultural Cooperatives was created out of the Agricultural Cooperative Society Law which was enacted in 1947. The company would grow through both organic means and through acquisitions, launching a series of insurance products in the 1950s. The company would then join the insurance committee of the International Co-operative Alliance in 1964, continuing to grow with other strategic collaborations. National Mutual Insurance Federation of Agricultural Cooperatives would then establish an online network system between the National Federation and Prefectural Federations in 1974. The organization would then establish Zenkyoren Asset Management of America, Inc. in 1988, marking its expansion on an international scale. The organization would continue to be a part of numerous significant events and alliances on a global scale, opening a variety of centers such as the Zenkyoren East and West Japan Underwriting Centers in 2005 and then Makuhari Training Center in 2006, among many others, and working with further business alliances. The company currently operates as a subsidiary of Japan Agricultural Cooperatives and is also known by ZENKYOREN. National Mutual Insurance Federation of Agricultural Cooperatives invests most heavily in the finance sector, in fact, investing almost all of its managed assets in this sector, although the firm also invests in the information technology, consumer discretionary, health care, consumer staples, and utilities and telecommunications sectors to a lesser degree, among others. The company holds its allocations an average of over 22 quarters although National Mutual Insurance Federation of Agricultural Cooperatives only holds its top 10 allocations for an average of 14.4 quarters. In the most recent quarter, the firm had a turnover rate of approximately 9.1%.
As of the latest 13F report, the guru’s equity portfolio contained 44 stocks valued at a total of $9.43Bil. The top holdings were VV(17.81%), IVV(17.59%), and SPY(16.50%).
According to GuruFocus data, these were National Mutual Insurance Federation of Agricultural Cooperatives’s top five trades of the quarter.
iShares Russell 1000 ETF
During the quarter, National Mutual Insurance Federation of Agricultural Cooperatives bought 1,005,000 shares of ARCA:IWB for a total holding of 1,172,000. The trade had a 2.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $225.9.
On 07/29/2022, iShares Russell 1000 ETF traded for a price of $226.2901 per share and a market cap of $28.35Bil. The stock has returned -7.94% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 1000 ETF has a price-earnings ratio of 18.17 and a price-book ratio of 3.43.
PowerShares QQQ Trust Ser 1
National Mutual Insurance Federation of Agricultural Cooperatives reduced their investment in NAS:QQQ by 489,000 shares. The trade had a 1.57% impact on the equity portfolio. During the quarter, the stock traded for an average price of $310.63.
On 07/29/2022, PowerShares QQQ Trust Ser 1 traded for a price of $313.93 per share and a market cap of $174.95Bil. The stock has returned -14.02% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, PowerShares QQQ Trust Ser 1 has a price-earnings ratio of 22.26 and a price-book ratio of 5.99.
iShares Core S&P 500 ETF
National Mutual Insurance Federation of Agricultural Cooperatives reduced their investment in ARCA:IVV by 25,300 shares. The trade had a 0.1% impact on the equity portfolio. During the quarter, the stock traded for an average price of $411.02.
On 07/29/2022, iShares Core S&P 500 ETF traded for a price of $412.86 per share and a market cap of $304.91Bil. The stock has returned -5.52% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core S&P 500 ETF has a price-earnings ratio of 18.60 and a price-book ratio of 3.57.
Nike Inc
During the quarter, National Mutual Insurance Federation of Agricultural Cooperatives bought 54,000 shares of NYSE:NKE for a total holding of 124,000. The trade had a 0.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $118.52.
On 07/29/2022, Nike Inc traded for a price of $113.64 per share and a market cap of $177.70Bil. The stock has returned -31.23% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Nike Inc has a price-earnings ratio of 30.15, a price-book ratio of 11.64, a price-earnings-to-growth (PEG) ratio of 3.55, a EV-to-Ebitda ratio of 22.68 and a price-sales ratio of 3.91.
The price-to-GF Value ratio is 0.81, earning the stock a GF Value rank of 9.
Alphabet Inc
During the quarter, National Mutual Insurance Federation of Agricultural Cooperatives bought 2,300 shares of NAS:GOOGL for a total holding of 394,000. The trade had a 0.05% impact on the equity portfolio. During the quarter, the stock traded for an average price of $118.07.
On 07/29/2022, Alphabet Inc traded for a price of $115.55 per share and a market cap of $1,496.55Bil. The stock has returned -15.24% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 21.31, a price-book ratio of 5.86, a price-earnings-to-growth (PEG) ratio of 0.80, a EV-to-Ebitda ratio of 13.95 and a price-sales ratio of 5.60.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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