Managers / Q1 2026
SBI Okasan Asset Management Co.Ltd.
CIK 0001535128 · 2-2-1 KYOBASHI, CHUO-KU, TOKYO, M0, 104-0031 · 813.3516.1236
Summary
Sbi Okasan Asset Management Co.ltd. reported $2.4B in U.S.-listed holdings across 321 positions for Q1 2026.
The portfolio is heavily concentrated: Vanguard Total Stock Mkt Etf alone accounts for 34.0% of reported value.
Compared with Q4 2025, the fund opened 41 new positions and exited 28.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 88.0% · $2.1B
- Common Stock · 10.7% · $260M
- Other · 1.0% · $24M
- ADR · 0.3% · $8M
- REIT · 0.1% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHR IBX USD HIYLD CB ETF-UI | NEW | +4.41M | 4.41M | +$347M | $347M |
| SPDR GOLD MINISHARES TRUST | NEW | +1.85M | 1.85M | +$165M | $165M |
| AFWALIGN TECHNOLOGY INC | NEW | +8.6K | 8.6K | +$1M | $1M |
| ASTRAZENECA PLC | NEW | +7.0K | 7.0K | +$1M | $1M |
| XLFSS FINANCIAL SELECT SECTOR | NEW | +24.8K | 24.8K | +$1M | $1M |
| CBRECBRE GROUP INC - A | NEW | +8.8K | 8.8K | +$1M | $1M |
| GNRCGENERAC HOLDINGS INC | NEW | +5.2K | 5.2K | +$964,600 | $964,600 |
| DPZDOMINO'S PIZZA INC | NEW | +2.6K | 2.6K | +$917,644 | $917,644 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VANGUARD TOTAL STOCK MKT ETF | TOTAL STK MKT | 33.99% | $830M | 2.66M |
| 2 | ISHR IBX USD HIYLD CB ETF-UI | IBOXX HI YD ETF | 14.23% | $347M | 4.41M |
| 3 | ISHARES JP MORGAN USD EMERGI | JPMORGAN USD EMG | 13.27% | $324M | 3.48M |
| 4 | VANGUARD FTSE DEVELOPED ETF | VAN FTSE DEV MKT | 11.18% | $273M | 4.40M |
| 5 | SPDR GOLD MINISHARES TRUST | SPDR GLD MINIS | 6.77% | $165M | 1.85M |
| 6 | VANGUARD FTSE EMERGING MARKE | FTSE EMR MKT ETF | 6.67% | $163M | 3.11M |
| 7 | NVDANVIDIA CORPhistory → | COM | 0.60% | $15M | 88.2K |
| 8 | GOOGLALPHABET INC-CL Ahistory → | CAP STK CL A | 0.48% | $12M | 43.0K |
| 9 | MSFTMICROSOFT CORP | COM | 0.34% | $8M | 23.3K |
| 10 | ISHARES SEMICONDUCTOR ETF | ISHARES SEMICDTR | 0.33% | $8M | 26.3K |
| 11 | AAPLAPPLE INC | COM | 0.28% | $7M | 27.7K |
| 12 | TSLATESLA INC | COM | 0.24% | $6M | 16.2K |
| 13 | AMZNAMAZON.COM INC | COM | 0.24% | $6M | 28.6K |
| 14 | SS TECHNOLOGY SELECT SECTOR | STATE STREET TEC | 0.23% | $6M | 44.6K |
| 15 | AVGOBROADCOM INC | COM | 0.23% | $6M | 18.8K |
| 16 | XLCSS COMM SELECT SECTOR SPDR | STATE STREET COM | 0.22% | $5M | 48.7K |
| 17 | ISHARES CORE MSCI EMERGING | CORE MSCI EMKT | 0.21% | $5M | 75.2K |
| 18 | ISHARES CORE S&P 500 ETF | CORE S&P500 ETF | 0.21% | $5M | 8.0K |
| 19 | ADIANALOG DEVICES INC | COM | 0.20% | $5M | 15.8K |
| 20 | EATON CORP PLC | SHS | 0.19% | $5M | 13.5K |
| 21 | MUMICRON TECHNOLOGY INC | COM | 0.18% | $4M | 13.5K |
| 22 | TE CONNECTIVITY PLC | ORD SHS | 0.16% | $4M | 19.3K |
| 23 | GEVGE VERNOVA INC | COM | 0.16% | $4M | 4.7K |
| 24 | UBERUBER TECHNOLOGIES INC | COM | 0.15% | $4M | 53.1K |
| 25 | QCOMQUALCOMM INC | COM | 0.15% | $4M | 28.4K |
| 26 | TSMTAIWAN SEMICONDUCTOR-SP ADR | SPONSORED ADS | 0.14% | $3M | 11.0K |
| 27 | ISHARES U.S. AEROSPACE & DEF | US AER DEF ETF | 0.14% | $3M | 15.7K |
| 28 | NXP SEMICONDUCTORS NV | COM | 0.13% | $3M | 17.1K |
| 29 | GMGENERAL MOTORS CO | COM | 0.13% | $3M | 43.5K |
| 30 | SS CONSUMER DISC SELECT SECT | STATE STREET CON | 0.12% | $3M | 28.9K |
| 31 | VANECK JPM EM LOCAL CURR BND | JP MRGAN EM LOC | 0.12% | $3M | 122.2K |
| 32 | METAMETA PLATFORMS INC-CLASS A | CL A | 0.12% | $3M | 5.5K |
| 33 | ISHARES RUSSELL 2000 ETF | RUSSELL 2000 ETF | 0.12% | $3M | 12.0K |
| 34 | IM8NINSMED INC | COM PAR $.01 | 0.11% | $3M | 18.0K |
| 35 | EXMOCEXXON MOBIL CORP | COM | 0.11% | $3M | 16.0K |
| 36 | ONON SEMICONDUCTOR | COM | 0.11% | $3M | 48.9K |
| 37 | BWXTBWX TECHNOLOGIES INC | COM | 0.10% | $2M | 12.7K |
| 38 | WMTWALMART INC | COM | 0.10% | $2M | 19.0K |
| 39 | ROSTROSS STORES INC | COM | 0.10% | $2M | 11.2K |
| 40 | MTZMASTEC INC | COM | 0.09% | $2M | 7.4K |
| 41 | NFGNATIONAL FUEL GAS CO | COM | 0.08% | $2M | 21.3K |
| 42 | GILDGILEAD SCIENCES INC | COM | 0.08% | $2M | 14.6K |
| 43 | PENPENUMBRA INC | COM | 0.08% | $2M | 5.7K |
| 44 | MGAMAGNA INTERNATIONAL INC | COM | 0.08% | $2M | 34.5K |
| 45 | ATOATMOS ENERGY CORP | COM | 0.08% | $2M | 9.9K |
| 46 | CHRWC.H. ROBINSON WORLDWIDE INC | COM NEW | 0.07% | $2M | 11.2K |
| 47 | ROYAL CARIBBEAN CRUISES LTD | COM | 0.07% | $2M | 6.7K |
| 48 | COSTCOSTCO WHOLESALE CORP | COM | 0.07% | $2M | 1.8K |
| 49 | IQVIQVIA HOLDINGS INC | COM | 0.07% | $2M | 10.4K |
| 50 | CDNSCADENCE DESIGN SYS INC | COM | 0.07% | $2M | 6.3K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.