Dai-ichi Life Holdings, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Dai-ichi Life Holdings, Inc. reported 19 stock positions worth $89.2 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 19.1% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 14.1%) and iShares 1-5Y Inv Grade (IGSB, 14.0%). Compared with Q4 2024, it opened 6 new positions, sold out of 9, added to 4 and reduced 9. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +73%) and the biggest sale SS Consumer Disc Select Sect (XLY, shares −49%).
- Most Recent 13F
- Q3 2025
- Location
- TOKYO, M0
- CIK
- 0000948518
- Portfolio Value
- $89.2M (Q1 2025)
- SEC Filing
- 0000898432-25-000343 ↗ filed May 15, 2025
Holdings Value
Holdings 19 stocks · $89.2M
| VGSH Vanguard Short-Term Treasury | 19.10% | 290,100 | $17.0M | Add +73.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 14.13% | 116,124 | $12.6M | Add +4.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 14.02% | 238,700 | $12.5M | Reduce -5.4% |
| EMB iShares JP Morgan Usd Emergi | 8.85% | 87,321 | $7.9M | Reduce -19.4% |
| TIP iShares Tips Bond ETF | 7.95% | 64,094 | $7.1M | Reduce -5.4% |
| VNQ Vanguard Real Estate ETF | 6.27% | 62,292 | $5.6M | Reduce -33.7% |
| IAGG iShares Intl Aggregate Bond | 5.51% | 98,300 | $4.9M | Reduce -28.5% |
| XLC SS Comm Select Sector SPDR | 5.29% | 49,100 | $4.7M | Add +5.4% |
| XLE SS Energy Select Sector | 3.41% | 32,700 | $3.0M | New |
| XLF SS Financial Select Sector | 2.60% | 46,800 | $2.3M | Add +9.3% |
| XLY SS Consumer Disc Select Sect | 2.46% | 11,100 | $2.2M | Reduce -48.6% |
| XLV SS Health Care Select Sector | 2.10% | 12,900 | $1.9M | New |
| XLK SS Technology Select Sector | 1.88% | 8,100 | $1.7M | Reduce -28.9% |
| EWP iShares MSCI Spain ETF | 1.11% | 25,900 | $990K | New |
| EWG iShares MSCI Germany ETF | 1.09% | 26,100 | $971K | New |
| EWN iShares MSCI Netherlands ETF | 1.06% | 20,200 | $949K | Reduce -14.0% |
| EWL iShares MSCI Switzerland ETF | 1.06% | 18,100 | $943K | New |
| EWC iShares MSCI Canada ETF | 1.05% | 23,100 | $939K | New |
| EWU iShares MSCI United Kingdom | 1.05% | 24,900 | $934K | Reduce -15.3% |
Portfolio Sells Q4 2024 → Q1 2025
| XLY SS Consumer Disc Select Sect | Reduce -48.6% | 2.46% | −2.99 |
| VNQ Vanguard Real Estate ETF | Reduce -33.7% | 6.27% | −2.89 |
| IAGG iShares Intl Aggregate Bond | Reduce -28.5% | 5.51% | −2.01 |
| EMB iShares JP Morgan Usd Emergi | Reduce -19.4% | 8.85% | −1.76 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −1.55 |
| EWQ iShares MSCI France ETF | Sold out | 0.00% | −1.17 |
| EWI iShares MSCI Italy ETF | Sold out | 0.00% | −1.14 |
| EDEN iShares MSCI Denmark ETF | Sold out | 0.00% | −1.13 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −1.12 |
| XLK SS Technology Select Sector | Reduce -28.9% | 1.88% | −1.10 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.91 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.90 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.49 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.37 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -5.4% | 14.02% | −0.28 |
| EWN iShares MSCI Netherlands ETF | Reduce -14.0% | 1.06% | −0.10 |
| EWU iShares MSCI United Kingdom | Reduce -15.3% | 1.05% | −0.05 |
| TIP iShares Tips Bond ETF | Reduce -5.4% | 7.95% | +0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| VGSH Vanguard Short-Term Treasury | Add +73.1% | 19.10% | +8.41 |
| XLE SS Energy Select Sector | New | 3.41% | +3.41 |
| XLV SS Health Care Select Sector | New | 2.10% | +2.10 |
| EWP iShares MSCI Spain ETF | New | 1.11% | +1.11 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +4.3% | 14.13% | +1.09 |
| EWG iShares MSCI Germany ETF | New | 1.09% | +1.09 |
| EWL iShares MSCI Switzerland ETF | New | 1.06% | +1.06 |
| EWC iShares MSCI Canada ETF | New | 1.05% | +1.05 |
| XLF SS Financial Select Sector | Add +9.3% | 2.60% | +0.31 |
| XLC SS Comm Select Sector SPDR | Add +5.4% | 5.29% | +0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 21 | $103.6M | LQD, IGSB, TIP, EMB, VGSH |
| Q2 2025 | 20 | $85.5M | VGSH, IGSB, LQD, TIP, VNQ |
| Q1 2025 | 19 | $89.2M | VGSH, LQD, IGSB, EMB, TIP |
| Q4 2024 | 22 | $91.1M | IGSB, LQD, VGSH, EMB, VNQ |
| Q3 2024 | 20 | $85.4M | VGSH, IGSB, LQD, EMB, VNQ |
| Q2 2024 | 20 | $84.9M | VGSH, IGSB, LQD, EMB, TIP |
| Q1 2024 | 18 | $81.5M | VGSH, IGSB, EMB, LQD, TIP |