§ 13F · FUND PROFILE
NOMURA HOLDINGS INC.
Japanese bank, global trading
AUM · $47987.1T (13F)Positions · 1702Turnover · 93% · Q4Filed · Feb 17, 2026
CONCENTRATION
48%
Top 10 holdings
NEW BUYS
+329
+$20239.7T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → SEMICONDUCTORS
-8pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | SATS 3.875 11/30/30 | ECHOSTAR CORP | 176.92M | $19231.6T | 25.6% | NEW |
| 2 | META | META PLATFORMS INC | 5.09M | $3357.8T | 4.5% | +678% |
| 3 | SPY | SPDR S&P 500 ETF TR | 3.84M | $2621.9T | 3.5% | — |
| 4 | NVDA | NVIDIA CORPORATION | 11.10M | $2069.9T | 2.8% | +316% |
| 5 | TSLA | TESLA INC | 4.31M | $1938.8T | 2.6% | −47% |
| 6 | BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | 12.61M | $1847.7T | 2.5% | — |
| 7 | GOOGL | ALPHABET INC | 4.22M | $1319.7T | 1.8% | −23% |
| 8 | QQQ | INVESCO QQQ TR | 2.12M | $1303.6T | 1.7% | +83% |
| 9 | NVDA | NVIDIA CORPORATION | 6.06M | $1130.6T | 1.5% | +593% |
| 10 | GOOGL | ALPHABET INC | 2.91M | $911.6T | 1.2% | −47% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other17.6% (−8pp)
Semiconductors11.2% (+1pp)
Media10.9% (−4pp)
Technology8.8% (−4pp)
Automobiles4.4% (−6pp)
Retail3.4%
§ 03 · THE NOMURA SIGNAL
AC read
NOMURA HOLDINGS INC is a Dealer / Bank fund managing $47987050.5 trillion in assets. The fund runs a massive portfolio of 1,702 positions, moderate concentration, with the top 10 accounting for 48%. Trading activity is aggressive at 93% quarterly turnover, with 329 new positions and 0 exits last quarter. Top sector allocations: Other (18%), Semiconductors (11%), Media (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+329 buys · −0 exits · 1906 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed