Nikko Asset Management Americas, Inc.

13F equity value

$7.1B

Positions

186

Top 10 concentration

39.8%

Quarters / total new picks

32 / 216

13F equity value over time

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +2.0% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 0.94, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

+4.0%

t-stat

0.94

Quarterly win rate

50%

Annualized excess

-9.2%

$1 → follow vs universe

$1.03 vs $2.09

Cumulative return: $1 invested in new picks vs universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 186 · 2026 Q1

Ticker	Value	Weight	QoQ
SHOP	$410M	5.8%	ADD
TSLA	$376M	5.3%	ADD
HOOD	$363M	5.1%	ADD
AMD	$302M	4.3%	ADD
CRCL	$278M	3.9%	ADD
COIN	$277M	3.9%	TRIM
PLTR	$247M	3.5%	TRIM
TEM	$196M	2.8%	ADD
RBLX	$183M	2.6%	ADD
AMZN	$179M	2.5%	ADD
ROKU	$175M	2.5%	TRIM
XYZ	$171M	2.4%	HOLD
TER	$165M	2.3%	TRIM
NVDA	$160M	2.3%	TRIM
BLSH	$137M	1.9%	ADD
MELI	$132M	1.9%	TRIM
META	$114M	1.6%	TRIM
TXG	$108M	1.5%	TRIM
TSM	$106M	1.5%	TRIM
DE	$105M	1.5%	TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AVGO BNTX LLY LNG OVV

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.