Dai-ichi Life Holdings, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Dai-ichi Life Holdings, Inc. reported 20 stock positions worth $85.5 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 20.4% of the portfolio, followed by iShares 1-5Y Inv Grade (IGSB, 15.5%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 13.1%). Compared with Q1 2025, it opened 3 new positions, sold out of 2, added to 8 and reduced 8. The biggest buy was a new position in Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) and the biggest sale iShares JP Morgan Usd Emergi (EMB, shares −73%).
- Most Recent 13F
- Q3 2025
- Location
- TOKYO, M0
- CIK
- 0000948518
- Portfolio Value
- $85.5M (Q2 2025)
- SEC Filing
- 0000898432-25-000597 ↗ filed Aug 13, 2025
Holdings Value
Holdings 20 stocks · $85.5M
| VGSH Vanguard Short-Term Treasury | 20.40% | 296,800 | $17.4M | Add +2.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 15.49% | 251,100 | $13.2M | Add +5.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 13.09% | 102,642 | $11.2M | Reduce -11.6% |
| TIP iShares Tips Bond ETF | 9.57% | 74,546 | $8.2M | Add +16.3% |
| VNQ Vanguard Real Estate ETF | 6.65% | 64,236 | $5.7M | Add +3.1% |
| XLC SS Comm Select Sector SPDR | 5.81% | 45,900 | $5.0M | Reduce -6.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 5.56% | 59,000 | $4.8M | New |
| XLY SS Consumer Disc Select Sect | 4.64% | 18,200 | $4.0M | Add +64.0% |
| XLF SS Financial Select Sector | 2.75% | 45,000 | $2.3M | Reduce -3.9% |
| EMB iShares JP Morgan Usd Emergi | 2.51% | 23,348 | $2.2M | Reduce -73.3% |
| XLK SS Technology Select Sector | 2.45% | 8,300 | $2.1M | Add +2.5% |
| XLV SS Health Care Select Sector | 1.84% | 11,700 | $1.6M | Reduce -9.3% |
| EWN iShares MSCI Netherlands ETF | 1.29% | 20,200 | $1.1M | No change |
| EWP iShares MSCI Spain ETF | 1.28% | 24,900 | $1.1M | Reduce -3.9% |
| EWG iShares MSCI Germany ETF | 1.24% | 25,100 | $1.1M | Reduce -3.8% |
| EWS iShares MSCI Singapore ETF | 1.24% | 40,800 | $1.1M | New |
| EWU iShares MSCI United Kingdom | 1.24% | 26,600 | $1.1M | Add +6.8% |
| EWL iShares MSCI Switzerland ETF | 1.21% | 18,900 | $1.0M | Add +4.4% |
| XLP SS Consumer Staples Sel Sect | 1.13% | 12,000 | $969K | New |
| XLE SS Energy Select Sector | 0.63% | 6,300 | $536K | Reduce -80.7% |
Portfolio Sells Q1 2025 → Q2 2025
| EMB iShares JP Morgan Usd Emergi | Reduce -73.3% | 2.51% | −6.34 |
| IAGG iShares Intl Aggregate Bond | Sold out | 0.00% | −5.51 |
| XLE SS Energy Select Sector | Reduce -80.7% | 0.63% | −2.78 |
| EWC iShares MSCI Canada ETF | Sold out | 0.00% | −1.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -11.6% | 13.09% | −1.04 |
| XLV SS Health Care Select Sector | Reduce -9.3% | 1.84% | −0.26 |
| XLF SS Financial Select Sector | Reduce -3.9% | 2.75% | +0.15 |
| EWG iShares MSCI Germany ETF | Reduce -3.8% | 1.24% | +0.15 |
| EWP iShares MSCI Spain ETF | Reduce -3.9% | 1.28% | +0.17 |
| XLC SS Comm Select Sector SPDR | Reduce -6.5% | 5.81% | +0.51 |
Portfolio Buys Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 5.56% | +5.56 |
| XLY SS Consumer Disc Select Sect | Add +64.0% | 4.64% | +2.18 |
| TIP iShares Tips Bond ETF | Add +16.3% | 9.57% | +1.61 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.2% | 15.49% | +1.47 |
| VGSH Vanguard Short-Term Treasury | Add +2.3% | 20.40% | +1.30 |
| EWS iShares MSCI Singapore ETF | New | 1.24% | +1.24 |
| XLP SS Consumer Staples Sel Sect | New | 1.13% | +1.13 |
| XLK SS Technology Select Sector | Add +2.5% | 2.45% | +0.57 |
| VNQ Vanguard Real Estate ETF | Add +3.1% | 6.65% | +0.38 |
| EWU iShares MSCI United Kingdom | Add +6.8% | 1.24% | +0.19 |
| EWL iShares MSCI Switzerland ETF | Add +4.4% | 1.21% | +0.15 |
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 |