As Tech Stocks Drove GPIF’s Returns for FY 2022, What Lies Next?
Posted on 07/01/2022
Japan Government Pension Investment Fund (GPIF) returned 5.42% for its fiscal year ended March 31, 2022. The pension fund has assets worth 196,592.6 billion JPY for that period. Foreign equities were key drivers of return for GPIF. Foreign equities generated an 18.48% return for the year and 8.429 billion JPY in income. Japanese bonds returned a -0.99% for the year.
GPIF remains a major holder in Japanese government bonds (JGB).
TOP 10 U.S. Stocks Held by GPIF at March 31, 2022
| No. | ISIN | Security Name | Shares | Market Value (JPY) |
|---|---|---|---|---|
| 1 | US0378331005 | APPLE INC | 99,297,286.00 | 2,104,436,054,284 |
| 2 | US5949181045 | MICROSOFT CORP | 46,562,587.00 | 1,742,424,446,647 |
| 3 | US0231351067 | AMAZON.COM INC | 2,793,047.00 | 1,105,142,869,268 |
| 4 | US02079K3059 | ALPHABET INC-CL A | 1,955,985.00 | 660,313,849,025 |
| 5 | US88160R1014 | TESLA INC | 5,046,730.00 | 660,080,489,596 |
| 6 | US02079K1079 | ALPHABET INC-CL C | 1,795,691.00 | 608,737,742,858 |
| 7 | US67066G1040 | NVIDIA CORP | 15,736,695.00 | 521,173,884,291 |
| 8 | TW0002330008 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 153,693,373.00 | 390,321,711,419 |
| 9 | US30303M1027 | META PLATFORMS INC-CLASS A (Facebook) | 13,914,120.00 | 375,527,419,399 |
| 10 | US91324P1021 | UNITEDHEALTH GROUP INC | 5,992,086.00 | 370,895,794,819 |
TOP 20 JAPANESE Stocks Held by GPIF at March 31, 2022
| No. | ISIN | Security Name | Shares | Market Value (JPY) |
|---|---|---|---|---|
| 1 | JP3633400001 | TOYOTA MOTOR CORPORATION | 947,620,500 | 2,131,721,187,450 |
| 2 | JP3435000009 | SONY GROUP CORPORATION | 115,913,100 | 1,479,641,519,000 |
| 3 | JP3236200006 | KEYENCE CORPORATION | 15,983,200 | 916,651,080,000 |
| 4 | JP3902900004 | MITSUBISHI UFJ FINANCIAL GROUP,INC. | 1,127,494,300 | 873,595,356,690 |
| 5 | JP3571400005 | TOKYO ELECTRON LIMITED | 12,873,200 | 823,178,123,900 |
| 6 | JP3970300004 | RECRUIT HOLDINGS CO.,LTD. | 138,425,400 | 750,892,496,700 |
| 7 | JP3735400008 | NIPPON TELEGRAPH AND TELEPHONE CORPORATION | 199,092,700 | 717,747,303,500 |
| 8 | JP3371200001 | SHIN-ETSU CHEMICAL CO.,LTD. | 33,463,800 | 637,181,977,000 |
| 9 | JP3756600007 | NINTENDO CO.,LTD. | 10,016,800 | 628,572,128,000 |
| 10 | JP3898400001 | MITSUBISHI CORPORATION | 128,322,300 | 599,536,915,700 |
| 11 | JP3788600009 | HITACHI,LTD. | 95,761,000 | 595,651,223,500 |
| 12 | JP3496400007 | KDDI CORPORATION | 142,155,000 | 578,580,990,000 |
| 13 | JP3436100006 | SOFTBANK GROUP CORP. | 103,205,300 | 575,994,074,700 |
| 14 | JP3143600009 | ITOCHU CORPORATION | 136,897,300 | 575,943,888,100 |
| 15 | JP3481800005 | DAIKIN INDUSTRIES,LTD. | 24,199,500 | 544,497,066,000 |
| 16 | JP3890350006 | SUMITOMO MITSUI FINANCIAL GROUP,INC. | 130,989,200 | 525,549,575,900 |
| 17 | JP3837800006 | HOYA CORPORATION | 33,805,000 | 475,810,928,000 |
| 18 | JP3198900007 | ORIENTAL LAND CO., LTD. | 20,059,300 | 471,854,843,700 |
| 19 | JP3910660004 | TOKIO MARINE HOLDINGS,INC. | 63,604,300 | 461,335,862,900 |
| 20 | JP3463000004 | TAKEDA PHARMACEUTICAL COMPANY LIMITED | 127,813,100 | 458,616,127,800 |
