1y return+6.8%S&P 500 +20.9%
3y return+14.4%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2022: $118 against $195 in the S&P 500.2
Japan Science & Technology AgencyS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| HYGIshares Tr | $930.9M | 17.6% | +12.0% |
| LQDIshares Tr | $927.8M | 17.5% | |
| IVVIshares Tr | $634.9M | 12.0% | |
| RSPInvesco Exchange Traded Fd T | $540.8M | 10.2% | −10.6% |
| USHYIshares Tr | $530.1M | 10.0% | |
| IEMGIshares Inc | $519.5M | 9.8% | +35.7% |
| JNKSpdr Series Trust | $279.5M | 5.3% | |
| EMBIshares Tr | $241.1M | 4.6% | |
| QQQInvesco Qqq Tr | $235.0M | 4.4% | |
| SHYGIshares Tr | $188.7M | 3.6% | |
| VUGVanguard Index Fds | $181.4M | 3.4% | |
| VTVVanguard Index Fds | $77.9M | 1.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| IVVIshares Tr | March 31, 2025 | +33.3% | $634.9M |
| IEMGIshares Inc | September 30, 2025 | +25.7% | $519.5M |
| VTVVanguard Index Fds | September 30, 2024 | +24.8% | $77.9M |
| RSPInvesco Exchange Traded Fd T | March 31, 2025 | +22.8% | $540.8M |
| QQQInvesco Qqq Tr | September 30, 2025 | +22.7% | $235.0M |
| HYGIshares Tr | December 31, 2022 | +8.6% | $930.9M |
| VUGVanguard Index Fds | September 30, 2025 | +7.8% | $181.4M |
| USHYIshares Tr | December 31, 2022 | +7.2% | $530.1M |
| JNKSpdr Series Trust | March 31, 2023 | +3.8% | $279.5M |
| LQDIshares Tr | December 31, 2022 | +3.5% | $927.8M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.3% | +14.8% |
| March 31, 2026 | −1.9% | −4.6% |
| December 31, 2025 | +0.1% | +2.4% |
| September 30, 2025 | +2.3% | +7.8% |
| June 30, 2025 | +2.6% | +10.5% |
| March 31, 2025 | +1.2% | −4.6% |
| December 31, 2024 | −3.2% | +2.1% |
| September 30, 2024 | +4.2% | +5.4% |
| June 30, 2024 | −0.7% | +4.0% |
| March 31, 2024 | +0.2% | +10.0% |
| December 31, 2023 | +5.6% | +11.2% |
| September 30, 2023 | −2.7% | −3.6% |
| June 30, 2023 | −0.1% | +8.3% |
| March 31, 2023 | +3.0% | +7.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Japan Science & Technology Agency Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1948391&type=13F-HR&dateb=&owner=include&count=40CIK 1948391
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1948391/000194839126000004/Filed July 31, 2026 · accession 0001948391-26-000004