You're signed outSign in or to get full access.
Japan Science & Technology Agency
Japan Science and Technology Agency (JST) is a national research and development agency headquartered in Kawaguchi, Saitama, Japan. Founded in 1996, JST plays a central role in promoting science, technology, and innovation in Japan through comprehensive support of research projects, grant programs, and the management of the Japan University Fund. JST collaborates with universities, research institutions, and industry, and manages one of the world's largest university endowment funds established in 2022. JST employs professional staff focused on science and technology policy, funding, and investment management, and serves research institutions, universities, and society at large.
Investment Strategy
JST’s investment strategy is to manage the Japan University Fund, a large-scale endowment with a focus on maximizing long-term returns to support academic research and innovation in universities. The strategy emphasizes diversification across global fixed income, equities, and alternatives (including private equity, private debt, real estate, and infrastructure). The fund uses both active and passive strategies and incorporates risk factor analysis. While global fixed income is a core allocation managed largely in-house for liquidity and risk management, the agency also partners with external managers for active equity and alternative investments. This asset allocation aims to adapt to market volatility with a flexible, asset-class-driven team structure and closely coordinates asset allocation decisions with macroeconomic insights.
Latest 13F Filing Activity
Japan Science & Technology Agency filed their most recent 13F report on Jun 30, 2025 disclosing 13 equity positions with a total 13F market value of $6B. The fund increased holdings in Ishares TR, Invesco Exchange Traded FD T, Ishares TR among other positions. Japan Science & Technology Agency reduced exposure to Vanguard Scottsdale FDS, Vanguard Scottsdale FDS, Ishares TR among others.
Top Holdings
Equity Positions (13)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LQD | ISHARES TR | 24.03% | $1.51B | 13,806,450 | $105.43 | $109.61 | +$12.7M |
H HYG | ISHARES TR | 13.30% | $838.0M | 10,390,626 | $73.85 | $80.65 | +$18.3M |
I IVV | ISHARES TR | 11.54% | $726.9M | 1,170,800 | $561.90 | $620.90 | +$69.1M |
R RSP | INVESCO EXCHANGE TRADED FD T | 10.94% | $689.2M | 3,792,112 | $173.23 | $181.74 | +$32.3M |
V VCIT | VANGUARD SCOTTSDALE FDS | 8.78% | $553.1M | 6,670,000 | $78.74 | $82.92 | -$39.7M |
Industry Allocation
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more