§ 13F · FUND PROFILE
NOMURA HOLDINGS INC.
Japanese bank, global trading
AUM · $85.4B (13F)Positions · 2655Turnover · 44% · Q2Filed · Aug 14, 2026
CONCENTRATION
45%
Top 10 holdings
NEW BUYS
+282
+$3.0B deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-10pp · +28pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | MU | MICRON TECHNOLOGY INC | 16.92M | $19.5B | 22.9% | +263% |
| 2 | MU | MICRON TECHNOLOGY INC | 3.37M | $3.9B | 4.6% | — |
| 3 | QQQ | INVESCO QQQ TR | 3.83M | $2.8B | 3.3% | +118% |
| 4 | SMH | VANECK ETF TRUST | 3.47M | $2.3B | 2.7% | +3082% |
| 5 | QQQ | INVESCO QQQ TR | 2.81M | $2.1B | 2.4% | — |
| 6 | MU | MICRON TECHNOLOGY INC | 1.48M | $1.7B | 2.0% | — |
| 7 | TSLA | TESLA INC | 3.93M | $1.7B | 1.9% | +99% |
| 8 | META | META PLATFORMS INC | 2.63M | $1.5B | 1.7% | −40% |
| 9 | NVDA | NVIDIA CORPORATION | 7.25M | $1.5B | 1.7% | +75% |
| 10 | AMD | ADVANCED MICRO DEVICES INC | 2.44M | $1.4B | 1.7% | +36% |
§ 02 · SECTOR ALLOCATION
Where the money is
Semiconductors42.9% (+28pp)
Other18.4% (−10pp)
Technology7.5% (−5pp)
Media5.1% (−7pp)
Automobiles3.8% (±0)
Health Care2.1%
§ 03 · THE NOMURA SIGNAL
AC read
NOMURA HOLDINGS INC is a Dealer / Bank fund managing $85.4 billion in assets. The fund runs a massive portfolio of 2,655 positions, moderate concentration, with the top 10 accounting for 45%. Trading activity is aggressive at 44% quarterly turnover, with 282 new positions and 0 exits last quarter. Top sector allocations: Semiconductors (43%), Other (18%), Technology (8%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+282 buys · −0 exits · 887 changed
Q1 2026
Busy quarter
+195 buys · −0 exits · 916 changed
Q4 2025
Busy quarter
+274 buys · −0 exits · 925 changed
Q3 2025
Busy quarter
+527 buys · −0 exits · 655 changed