Elo Mutual Pension Insurance Co
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Elo Mutual Pension Insurance Co reported 626 stock positions worth $4.9 billion. Its top holding was Nvidia (NVDA) at 7.8% of the portfolio, followed by Apple (AAPL, 6.2%) and Microsoft (MSFT, 5.9%). Compared with Q1 2025, it opened 103 new positions, sold out of 93, added to 248 and reduced 273. The biggest buy was JPMorgan Chase (JPM, shares +74%) and the biggest sale an exit from iShares MSCI China ETF (MCHI).
- Most Recent 13F
- Q2 2026
- Location
- ESPOO, H9
- CIK
- 0001739877
- Portfolio Value
- $4.9B (Q2 2025)
- SEC Filing
- 0001739877-25-000005 ↗ filed Aug 12, 2025
Holdings Value
Holdings 626 stocks · $4.9B
| NVDA Nvidia Corp. | 7.85% | 2,437,835 | $385.2M | Reduce -3.4% |
| AAPL Apple Inc. | 6.23% | 1,490,250 | $305.8M | Add +2.6% |
| MSFT Microsoft Corp. | 5.95% | 586,768 | $291.9M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 3.75% | 249,465 | $184.1M | Reduce -4.4% |
| AMZN Amazon.com Inc. | 3.56% | 796,582 | $174.8M | Add +3.6% |
| IEMG iShares Core MSCI Emerging | 2.28% | 1,867,100 | $112.1M | Reduce -4.3% |
| AVGO Broadcom Inc. | 2.17% | 386,417 | $106.5M | Reduce -8.2% |
| TSLA Tesla Inc. | 2.02% | 311,483 | $98.9M | Add +2.4% |
| GOOGL Alphabet Inc. Class A | 1.73% | 482,206 | $85.0M | Reduce -12.1% |
| NFLX Netflix Inc. | 1.49% | 54,535 | $73.0M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 1.46% | 404,774 | $71.8M | Reduce -17.9% |
| JPM JPMorgan Chase & Co. | 1.33% | 224,663 | $65.1M | Add +74.5% |
| V Visa Inc. Class A | 1.29% | 178,620 | $63.4M | Add +5.9% |
| LLY Eli Lilly & Co. | 1.24% | 78,035 | $60.8M | Add +7.6% |
| MA Mastercard Inc. Class A | 0.97% | 84,344 | $47.4M | Add +5.5% |
| JNJ Johnson & Johnson | 0.87% | 279,538 | $42.7M | Reduce -0.9% |
| HD Home Depot Inc. | 0.86% | 115,602 | $42.4M | Add +30.9% |
| COST Costco Wholesale Corp. | 0.83% | 41,331 | $40.9M | Add +2.5% |
| WMT Walmart Inc. | 0.78% | 391,913 | $38.3M | Reduce -11.9% |
| PLTR Palantir Technologies Inc. Class A | 0.77% | 278,276 | $37.9M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.75% | 199,441 | $37.0M | Reduce -3.3% |
| UNH Unitedhealth Group Inc. | 0.75% | 118,443 | $37.0M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.74% | 338,411 | $36.5M | Reduce -3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 72,893 | $35.4M | Add +14.3% |
| KO The Coca-Cola Co. | 0.69% | 476,669 | $33.7M | Add +9.4% |
| PG The Procter & Gamble Co. | 0.67% | 207,731 | $33.1M | Reduce -10.8% |
| INTU Intuit Inc. | 0.60% | 37,512 | $29.5M | Reduce -3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.58% | 96,374 | $28.4M | Reduce -10.6% |
| AMD Advanced Micro Devices | 0.58% | 199,193 | $28.3M | Reduce -28.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 574,830 | $27.2M | Add +130.6% |
| CRM Salesforce Inc. | 0.54% | 96,558 | $26.3M | Reduce -10.9% |
| CSCO Cisco Systems Inc. | 0.53% | 375,909 | $26.1M | Reduce -4.8% |
| NOW ServiceNow Inc. | 0.50% | 23,797 | $24.5M | Reduce -5.4% |
| ORCL Oracle Corp. | 0.49% | 110,501 | $24.2M | Reduce -3.3% |
| ISRG Intuitive Surgical Inc. | 0.49% | 44,289 | $24.1M | Reduce -2.7% |
| GS Goldman Sachs Group Inc. | 0.48% | 33,426 | $23.7M | Add +52.0% |
| ACN Accenture PLC Class A | 0.47% | 77,779 | $23.2M | Reduce -7.5% |
| UBER Uber Technologies Inc. | 0.47% | 247,370 | $23.1M | Reduce -3.0% |
| ABT Abbott Laboratories | 0.46% | 167,084 | $22.7M | Reduce -0.5% |
| ADBE Adobe Inc. | 0.42% | 52,673 | $20.4M | Reduce -10.4% |
| MCD McDonald's Corp. | 0.41% | 68,845 | $20.1M | Add +30.1% |
| MRK Merck & Co. Inc. | 0.41% | 252,335 | $20.0M | Reduce -1.4% |
| CVX Chevron Corp. | 0.40% | 136,869 | $19.6M | Reduce -11.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 152,158 | $18.9M | Reduce -11.2% |
| PGR Progressive Corp. | 0.38% | 70,352 | $18.8M | Add +20.5% |
| SPGI S&P Global Inc. | 0.38% | 35,187 | $18.6M | Add +28.3% |
| QCOM Qualcomm Inc. | 0.37% | 113,546 | $18.1M | Reduce -16.5% |
| AXP American Express Co. | 0.37% | 56,660 | $18.1M | Add +31.4% |
| GILD Gilead Sciences Inc. | 0.36% | 160,078 | $17.7M | Reduce -1.2% |
| BSX Boston Scientific Corp. | 0.36% | 165,138 | $17.7M | Reduce -6.5% |
| PANW Palo Alto Networks Inc. | 0.35% | 83,993 | $17.2M | Reduce -6.1% |
| AMGN Amgen Inc. | 0.35% | 61,481 | $17.2M | Add +0.5% |
| LIN Linde PLC | 0.35% | 36,323 | $17.0M | Add +4.3% |
| BLK BlackRock Inc. | 0.33% | 15,543 | $16.3M | Add +32.8% |
| MS Morgan Stanley | 0.32% | 112,885 | $15.9M | Add +56.3% |
| PEP Pepsico Inc. | 0.32% | 119,109 | $15.7M | Add +19.2% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 38,387 | $15.6M | Reduce -0.8% |
| ADP Automatic Data Processing | 0.32% | 50,442 | $15.6M | Add +3.3% |
| T AT&T Inc. | 0.32% | 535,759 | $15.5M | Add +15.2% |
| CAT Caterpillar Inc. | 0.31% | 39,348 | $15.3M | Add +0.6% |
| RTX RTX Corp. | 0.31% | 104,087 | $15.2M | Add +3.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 33,292 | $14.8M | Add +0.5% |
| AMAT Applied Materials Inc. | 0.30% | 79,424 | $14.5M | Reduce -22.8% |
| VZ Verizon Communications Inc. | 0.29% | 334,261 | $14.5M | Reduce -29.4% |
| GEV GE Vernova Inc. | 0.29% | 26,453 | $14.0M | New |
| ETN Eaton Corp. PLC | 0.28% | 38,589 | $13.8M | Add +8.0% |
| C Citigroup Inc. | 0.28% | 161,293 | $13.7M | Add +52.1% |
| PFE Pfizer Inc. | 0.28% | 565,854 | $13.7M | Reduce -12.9% |
| SYK Stryker Corp. | 0.28% | 34,587 | $13.7M | Reduce -4.5% |
| CB Chubb Ltd. | 0.26% | 44,651 | $12.9M | Add +6.3% |
| PLD Prologis Inc. | 0.26% | 123,037 | $12.9M | Reduce -27.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 102,642 | $12.7M | Add +12.3% |
| MDT Medtronic PLC | 0.25% | 141,714 | $12.4M | Reduce -3.5% |
| MCK McKesson Corp. | 0.25% | 16,702 | $12.2M | Reduce -1.1% |
| DE Deere & Co. | 0.25% | 23,990 | $12.2M | Add +1.9% |
| LOW Lowe's Cos Inc. | 0.25% | 54,724 | $12.1M | Add +12.4% |
| DHR Danaher Corp. | 0.25% | 61,385 | $12.1M | Reduce -8.9% |
| BX Blackstone Inc. | 0.24% | 80,109 | $12.0M | Add +47.0% |
| CI The Cigna Group | 0.24% | 35,966 | $11.9M | Reduce -2.7% |
| NEE Nextera Energy Inc. | 0.24% | 171,042 | $11.9M | Add +17.9% |
| CME Cme Group Inc. | 0.24% | 42,477 | $11.7M | Add +2.7% |
| SCHW Schwab (charles) Corp. | 0.24% | 127,313 | $11.6M | Add +57.2% |
| KLAC KLA Corp. | 0.23% | 12,846 | $11.5M | New |
| COF Capital One Financial Corp. | 0.23% | 53,478 | $11.4M | Add +59.8% |
| ELV Elevance Health Inc. | 0.23% | 29,196 | $11.4M | Reduce -5.1% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 244,412 | $11.3M | Add +4.0% |
| NKE Nike Inc. Class B | 0.23% | 158,705 | $11.3M | Add +57.6% |
| TT Trane Technologies PLC | 0.22% | 24,535 | $10.7M | Reduce -0.3% |
| CVS CVS Health Corp. | 0.22% | 154,476 | $10.7M | Add +3.1% |
| KKR KKR & Co. Inc. | 0.22% | 79,990 | $10.6M | Add +60.1% |
| MRSH Marsh & McLennan Cos | 0.22% | 48,428 | $10.6M | Reduce -0.7% |
| WFC Wells Fargo & Co. | 0.21% | 131,286 | $10.5M | Add +19.8% |
| EWH iShares MSCI Hong Kong ETF | 0.20% | 504,498 | $10.0M | No change |
| UNP Union Pacific Corp. | 0.20% | 43,459 | $10.0M | Add +2.8% |
| SHW The Sherwin-Williams Co. | 0.20% | 28,851 | $9.9M | Reduce -0.3% |
| ADSK Autodesk Inc. | 0.20% | 31,758 | $9.8M | Reduce -9.3% |
| SBUX Starbucks Corp. | 0.20% | 104,535 | $9.6M | Add +7.5% |
| ADI Analog Devices Inc. | 0.19% | 40,054 | $9.5M | Reduce -4.0% |
| MCO Moody's Corp. | 0.19% | 18,851 | $9.5M | Reduce -4.6% |
| DASH DoorDash Inc. Class A | 0.19% | 37,242 | $9.2M | Add +13.8% |
Portfolio Sells Q1 2025 → Q2 2025
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.73 |
| UNH Unitedhealth Group Inc. | Reduce -0.9% | 0.75% | −0.65 |
| GOOG Alphabet Inc. Class C | Reduce -17.9% | 1.46% | −0.27 |
| PG The Procter & Gamble Co. | Reduce -10.8% | 0.67% | −0.22 |
| ABBV Abbvie Inc. | Reduce -3.3% | 0.75% | −0.21 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.74% | −0.19 |
| VZ Verizon Communications Inc. | Reduce -29.4% | 0.29% | −0.19 |
| CVX Chevron Corp. | Reduce -11.5% | 0.40% | −0.18 |
| JNJ Johnson & Johnson | Reduce -0.9% | 0.87% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -12.1% | 1.73% | −0.17 |
| PLD Prologis Inc. | Reduce -27.0% | 0.26% | −0.16 |
| EWT iShares MSCI Taiwan ETF | Sold out | 0.00% | −0.14 |
| CRM Salesforce Inc. | Reduce -10.9% | 0.54% | −0.12 |
| ACN Accenture PLC Class A | Reduce -7.5% | 0.47% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.8% | 0.32% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -1.4% | 0.41% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -16.5% | 0.37% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -52.0% | 0.15% | −0.10 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.10 |
| WMT Walmart Inc. | Reduce -11.9% | 0.78% | −0.10 |
| ADBE Adobe Inc. | Reduce -10.4% | 0.42% | −0.09 |
| PFE Pfizer Inc. | Reduce -12.9% | 0.28% | −0.09 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.08 |
| IEMG iShares Core MSCI Emerging | Reduce -4.3% | 2.28% | −0.08 |
| AMT American Tower Corp. | Reduce -27.4% | 0.16% | −0.08 |
| ELV Elevance Health Inc. | Reduce -5.1% | 0.23% | −0.07 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.07 |
| AMD Advanced Micro Devices | Reduce -28.7% | 0.58% | −0.07 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.07 |
| DHR Danaher Corp. | Reduce -8.9% | 0.25% | −0.06 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -14.8% | 0.18% | −0.06 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.06 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -10.0% | 0.12% | −0.06 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.06 |
| SPG Simon Property Group Inc. | Reduce -33.4% | 0.08% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -0.7% | 0.22% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -3.3% | 0.10% | −0.05 |
| MRVL Marvell Technology Inc. | Reduce -35.9% | 0.14% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -16.5% | 0.15% | −0.05 |
| SNPS Synopsys Inc. | Reduce -34.6% | 0.11% | −0.05 |
| ROP Roper Technologies Inc. | Reduce -15.5% | 0.13% | −0.05 |
| IQV Iqvia Holdings Inc. | Reduce -37.8% | 0.05% | −0.05 |
| AON Aon PLC Class A | Reduce -7.2% | 0.14% | −0.05 |
| GILD Gilead Sciences Inc. | Reduce -1.2% | 0.36% | −0.05 |
| AFL Aflac Inc. | Reduce -16.7% | 0.11% | −0.05 |
| BKR Baker Hughes Co. | Reduce -15.3% | 0.09% | −0.04 |
| OKE Oneok Inc. | Reduce -26.0% | 0.06% | −0.04 |
| MDT Medtronic PLC | Reduce -3.5% | 0.25% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| JPM JPMorgan Chase & Co. | Add +74.5% | 1.33% | +0.62 |
| NFLX Netflix Inc. | Add +2.3% | 1.49% | +0.37 |
| BAC Bank of America Corp. | Add +130.6% | 0.55% | +0.32 |
| GEV GE Vernova Inc. | New | 0.29% | +0.29 |
| AMZN Amazon.com Inc. | Add +3.6% | 3.56% | +0.28 |
| TSLA Tesla Inc. | Add +2.4% | 2.02% | +0.25 |
| KLAC KLA Corp. | New | 0.23% | +0.23 |
| GS Goldman Sachs Group Inc. | Add +52.0% | 0.48% | +0.21 |
| HD Home Depot Inc. | Add +30.9% | 0.86% | +0.14 |
| MS Morgan Stanley | Add +56.3% | 0.32% | +0.13 |
| AJG Arthur J Gallagher & Co. | New | 0.13% | +0.13 |
| FISV Fiserv Inc. | New | 0.12% | +0.12 |
| IDXX Idexx Laboratories Inc. | New | 0.12% | +0.12 |
| C Citigroup Inc. | Add +52.1% | 0.28% | +0.11 |
| LHX L3HARRIS Technologies Inc. | New | 0.11% | +0.11 |
| AXP American Express Co. | Add +31.4% | 0.37% | +0.11 |
| COF Capital One Financial Corp. | Add +59.8% | 0.23% | +0.10 |
| HOOD Robinhood Markets Inc. Class A | Add +55.6% | 0.14% | +0.10 |
| SCHW Schwab (charles) Corp. | Add +57.2% | 0.24% | +0.09 |
| CTAS Cintas Corp. | New | 0.09% | +0.09 |
| KKR KKR & Co. Inc. | Add +60.1% | 0.22% | +0.09 |
| NKE Nike Inc. Class B | Add +57.6% | 0.23% | +0.09 |
| INDA iShares MSCI India ETF | New | 0.09% | +0.09 |
| BLK BlackRock Inc. | Add +32.8% | 0.33% | +0.08 |
| ORLY O'reilly Automotive Inc. | New | 0.08% | +0.08 |
| BX Blackstone Inc. | Add +47.0% | 0.24% | +0.07 |
| SPGI S&P Global Inc. | Add +28.3% | 0.38% | +0.07 |
| WTW Willis Towers Watson PLC | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | Add +8.0% | 0.28% | +0.06 |
| O Realty Income Corp. | Add +106.5% | 0.13% | +0.06 |
| DASH DoorDash Inc. Class A | Add +13.8% | 0.19% | +0.05 |
| STZ Constellation Brands Inc. Class A | New | 0.05% | +0.05 |
| BNY Bank of New York Mellon Corp. | Add +64.2% | 0.12% | +0.05 |
| RBLX Roblox Corp. Class A | Add +12.6% | 0.10% | +0.04 |
| HLT Hilton Worldwide Holdings Inc. | Add +43.1% | 0.12% | +0.04 |
| PTC PTC Inc. | New | 0.04% | +0.04 |
| APH Amphenol Corp. Class A | Add +14.4% | 0.11% | +0.04 |
| MCD McDonald's Corp. | Add +30.1% | 0.41% | +0.04 |
| RGLD Royal Gold Inc. | New | 0.04% | +0.04 |
| MMM 3M Co. | Add +51.5% | 0.13% | +0.04 |
| WFC Wells Fargo & Co. | Add +19.8% | 0.21% | +0.04 |
| ALLE Allegion PLC | New | 0.04% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +15.1% | 0.17% | +0.04 |
| FERG Ferguson Enterprises Inc. | Add +24.4% | 0.10% | +0.03 |
| ICE Intercontinental Exchange Inc. | Add +34.9% | 0.13% | +0.03 |
| ROL Rollins Inc. | New | 0.03% | +0.03 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.03% | +0.03 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +29.6% | 0.09% | +0.03 |
| CROX Crocs Inc. | New | 0.03% | +0.03 |
| SMG Scotts Miracle-Gro Co. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 593 | $7.8B | NVDA, AAPL, SPHY, MSFT, GOOGL |
| Q1 2026 | 581 | $6.1B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 595 | $6.5B | NVDA, AAPL, MSFT, AMZN, XLK |
| Q3 2025 | 614 | $6.1B | NVDA, AAPL, MSFT, META, AMZN |
| Q2 2025 | 626 | $4.9B | NVDA, AAPL, MSFT, META, AMZN |
| Q1 2025 | 615 | $4.5B | AAPL, NVDA, MSFT, META, AMZN |
| Q4 2024 | 525 | $4.7B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 473 | $4.7B | AAPL, MSFT, NVDA, IEMG, AMZN |
| Q2 2024 | 470 | $4.3B | MSFT, AAPL, NVDA, IEMG, AMZN |
| Q1 2024 | 469 | $4.3B | MSFT, AAPL, NVDA, IEMG, AMZN |