Dai-ichi Life Holdings, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Dai-ichi Life Holdings, Inc. reported 21 stock positions worth $103.6 million. Its top holding was Ishr Ibx Usd Invgd CB ETF-Ui (LQD) at 15.8% of the portfolio, followed by iShares 1-5Y Inv Grade (IGSB, 12.8%) and iShares Tips Bond ETF (TIP, 10.7%). Compared with Q2 2025, it opened 6 new positions, sold out of 5, added to 6 and reduced 8. The biggest buy was iShares JP Morgan Usd Emergi (EMB, shares +366%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −42%).
- Most Recent 13F
- Q3 2025
- Location
- TOKYO, M0
- CIK
- 0000948518
- Portfolio Value
- $103.6M (Q3 2025)
- SEC Filing
- 0000898432-25-000914 ↗ filed Nov 14, 2025
Holdings Value
Holdings 21 stocks · $103.6M
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 15.83% | 147,004 | $16.4M | Add +43.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 12.84% | 250,900 | $13.3M | Reduce -0.1% |
| TIP iShares Tips Bond ETF | 10.74% | 100,053 | $11.1M | Add +34.2% |
| EMB iShares JP Morgan Usd Emergi | 10.02% | 108,874 | $10.4M | Add +366.3% |
| VGSH Vanguard Short-Term Treasury | 9.78% | 172,200 | $10.1M | Reduce -42.0% |
| VNQ Vanguard Real Estate ETF | 8.61% | 98,047 | $8.9M | Add +52.6% |
| IAGG iShares Intl Aggregate Bond | 6.79% | 137,300 | $7.0M | New |
| XLK SS Technology Select Sector | 6.73% | 24,800 | $7.0M | Add +198.8% |
| XLC SS Comm Select Sector SPDR | 4.47% | 39,100 | $4.6M | Reduce -14.8% |
| XLE SS Energy Select Sector | 2.20% | 25,400 | $2.3M | Add +303.2% |
| XLF SS Financial Select Sector | 2.18% | 41,800 | $2.3M | Reduce -7.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.39% | 17,700 | $1.4M | Reduce -70.0% |
| EWN iShares MSCI Netherlands ETF | 1.09% | 19,500 | $1.1M | Reduce -3.5% |
| EWP iShares MSCI Spain ETF | 1.09% | 22,900 | $1.1M | Reduce -8.0% |
| VGIT Vanguard Intermediate-Term T | 1.02% | 17,600 | $1.1M | New |
| EWG iShares MSCI Germany ETF | 1.00% | 25,100 | $1.0M | No change |
| EWH iShares MSCI Hong Kong ETF | 1.00% | 48,300 | $1.0M | New |
| EWI iShares MSCI Italy ETF | 0.99% | 19,900 | $1.0M | New |
| EDEN iShares MSCI Denmark ETF | 0.98% | 9,300 | $1.0M | New |
| XLP SS Consumer Staples Sel Sect | 0.81% | 10,700 | $837K | Reduce -10.8% |
| MBB iShares MBS ETF | 0.45% | 4,900 | $466K | New |
Portfolio Sells Q2 2025 → Q3 2025
| VGSH Vanguard Short-Term Treasury | Reduce -42.0% | 9.78% | −10.62 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −4.64 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -70.0% | 1.39% | −4.17 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.1% | 12.84% | −2.65 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −1.84 |
| XLC SS Comm Select Sector SPDR | Reduce -14.8% | 4.47% | −1.34 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −1.24 |
| EWU iShares MSCI United Kingdom | Sold out | 0.00% | −1.24 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −1.21 |
| XLF SS Financial Select Sector | Reduce -7.1% | 2.18% | −0.57 |
| XLP SS Consumer Staples Sel Sect | Reduce -10.8% | 0.81% | −0.33 |
| EWN iShares MSCI Netherlands ETF | Reduce -3.5% | 1.09% | −0.20 |
| EWP iShares MSCI Spain ETF | Reduce -8.0% | 1.09% | −0.19 |
Portfolio Buys Q2 2025 → Q3 2025
| EMB iShares JP Morgan Usd Emergi | Add +366.3% | 10.02% | +7.51 |
| IAGG iShares Intl Aggregate Bond | New | 6.79% | +6.79 |
| XLK SS Technology Select Sector | Add +198.8% | 6.73% | +4.28 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +43.2% | 15.83% | +2.74 |
| VNQ Vanguard Real Estate ETF | Add +52.6% | 8.61% | +1.97 |
| XLE SS Energy Select Sector | Add +303.2% | 2.20% | +1.57 |
| TIP iShares Tips Bond ETF | Add +34.2% | 10.74% | +1.17 |
| VGIT Vanguard Intermediate-Term T | New | 1.02% | +1.02 |
| EWH iShares MSCI Hong Kong ETF | New | 1.00% | +1.00 |
| EWI iShares MSCI Italy ETF | New | 0.99% | +0.99 |
| EDEN iShares MSCI Denmark ETF | New | 0.98% | +0.98 |
| MBB iShares MBS ETF | New | 0.45% | +0.45 |
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 |