Elo Mutual Pension Insurance Co
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Elo Mutual Pension Insurance Co reported 595 stock positions worth $6.5 billion. Its top holding was Nvidia (NVDA) at 7.7% of the portfolio, followed by Apple (AAPL, 6.4%) and Microsoft (MSFT, 4.8%). Compared with Q3 2025, it opened 127 new positions, sold out of 146, added to 221 and reduced 243. The biggest buy was a new position in SS Technology Select Sector (XLK) and the biggest sale SS Health Care Select Sector (XLV, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- ESPOO, H9
- CIK
- 0001739877
- Portfolio Value
- $6.5B (Q4 2025)
- SEC Filing
- 0001739877-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 595 stocks · $6.5B
| NVDA Nvidia Corp. | 7.66% | 2,680,264 | $499.9M | Add +4.8% |
| AAPL Apple Inc. | 6.38% | 1,531,931 | $416.5M | Reduce -6.2% |
| MSFT Microsoft Corp. | 4.75% | 641,106 | $310.1M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 3.12% | 883,189 | $203.9M | Add +14.4% |
| XLK SS Technology Select Sector | 3.06% | 1,385,115 | $199.4M | New |
| GOOGL Alphabet Inc. Class A | 3.03% | 632,591 | $198.0M | Add +30.4% |
| META Meta Platforms Inc. Class A | 2.83% | 279,451 | $184.5M | Add +7.0% |
| AVGO Broadcom Inc. | 2.63% | 496,329 | $171.8M | Add +21.3% |
| GOOG Alphabet Inc. Class C | 2.21% | 459,859 | $144.3M | Add +12.7% |
| TSLA Tesla Inc. | 1.95% | 282,442 | $127.0M | Reduce -17.4% |
| IEMG iShares Core MSCI Emerging | 1.92% | 1,867,100 | $125.5M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.73% | 1,400,000 | $112.9M | No change |
| LLY Eli Lilly & Co. | 1.21% | 73,200 | $78.7M | Reduce -6.0% |
| JPM JPMorgan Chase & Co. | 1.06% | 215,324 | $69.4M | Reduce -4.5% |
| V Visa Inc. Class A | 0.96% | 179,163 | $62.8M | Reduce -7.9% |
| JNJ Johnson & Johnson | 0.88% | 277,695 | $57.5M | Reduce -7.6% |
| XOM Exxon Mobil Corp. | 0.82% | 442,649 | $53.3M | Add +16.2% |
| WMT Walmart Inc. | 0.81% | 475,772 | $53.0M | Reduce -7.4% |
| MA Mastercard Inc. Class A | 0.81% | 92,158 | $52.6M | Reduce -1.5% |
| PLTR Palantir Technologies Inc. Class A | 0.78% | 285,102 | $50.7M | Add +0.9% |
| NFLX Netflix Inc. | 0.72% | 504,424 | $47.3M | Reduce -8.8% |
| SOXX iShares Semiconductor ETF | 0.72% | 156,760 | $47.2M | New |
| AMD Advanced Micro Devices | 0.72% | 218,221 | $46.7M | Reduce -1.5% |
| ABBV Abbvie Inc. | 0.69% | 195,914 | $44.8M | Reduce -4.6% |
| XLV SS Health Care Select Sector | 0.61% | 257,540 | $39.9M | Reduce -73.7% |
| UNH Unitedhealth Group Inc. | 0.58% | 115,354 | $38.1M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 75,051 | $37.7M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.56% | 42,200 | $36.4M | Reduce -20.8% |
| CSCO Cisco Systems Inc. | 0.53% | 451,491 | $34.8M | Add +6.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 630,535 | $34.7M | Add +10.7% |
| HD Home Depot Inc. | 0.52% | 98,818 | $34.0M | Reduce -9.2% |
| KO The Coca-Cola Co. | 0.50% | 471,034 | $32.9M | Reduce -3.8% |
| MRK Merck & Co. Inc. | 0.49% | 304,605 | $32.1M | Add +5.7% |
| PG The Procter & Gamble Co. | 0.47% | 214,750 | $30.8M | Add +0.4% |
| GS Goldman Sachs Group Inc. | 0.44% | 32,974 | $29.0M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.43% | 145,567 | $28.4M | Add +16.8% |
| AXP American Express Co. | 0.42% | 74,732 | $27.6M | Add +15.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 91,765 | $27.2M | Reduce -8.1% |
| CVX Chevron Corp. | 0.42% | 178,341 | $27.2M | Reduce -6.8% |
| CRM Salesforce Inc. | 0.39% | 97,172 | $25.7M | Add +1.0% |
| USHY iShares Broad Usd High Yield | 0.38% | 670,000 | $25.1M | New |
| ISRG Intuitive Surgical Inc. | 0.38% | 44,017 | $24.9M | Reduce -2.1% |
| INTU Intuit Inc. | 0.38% | 37,550 | $24.9M | Reduce -0.1% |
| SPHY SS SPDR P High Yield ETF | 0.38% | 1,050,000 | $24.9M | New |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 42,579 | $24.7M | Add +9.3% |
| GILD Gilead Sciences Inc. | 0.36% | 193,587 | $23.8M | Add +17.2% |
| UBER Uber Technologies Inc. | 0.36% | 288,601 | $23.6M | Add +15.0% |
| XLI SS Industrial Select Sector | 0.35% | 149,131 | $23.1M | New |
| AMGN Amgen Inc. | 0.35% | 70,483 | $23.1M | Add +12.1% |
| AMAT Applied Materials Inc. | 0.35% | 89,633 | $23.0M | Reduce -7.3% |
| PEP Pepsico Inc. | 0.34% | 152,879 | $21.9M | Add +10.5% |
| ADBE Adobe Inc. | 0.33% | 61,775 | $21.6M | Reduce -4.7% |
| QCOM Qualcomm Inc. | 0.33% | 125,318 | $21.4M | Reduce -5.7% |
| SPGI S&P Global Inc. | 0.32% | 40,312 | $21.1M | Add +12.9% |
| ACN Accenture PLC Class A | 0.32% | 78,063 | $20.9M | Reduce -3.1% |
| MS Morgan Stanley | 0.32% | 116,933 | $20.8M | Add +5.0% |
| NOW ServiceNow Inc. | 0.32% | 135,158 | $20.7M | Add +14.6% |
| WFC Wells Fargo & Co. | 0.32% | 221,459 | $20.6M | Add +51.9% |
| C Citigroup Inc. | 0.31% | 175,835 | $20.5M | Add +11.2% |
| ABT Abbott Laboratories | 0.31% | 162,612 | $20.4M | Reduce -5.3% |
| PFE Pfizer Inc. | 0.30% | 796,685 | $19.8M | Add +17.8% |
| PANW Palo Alto Networks Inc. | 0.30% | 107,211 | $19.7M | Add +23.2% |
| BLK BlackRock Inc. | 0.30% | 18,001 | $19.3M | Add +13.6% |
| COF Capital One Financial Corp. | 0.28% | 76,598 | $18.6M | Add +26.3% |
| BSX Boston Scientific Corp. | 0.28% | 192,636 | $18.4M | Add +15.0% |
| EWY iShares MSCI South Korea ETF | 0.27% | 184,496 | $17.9M | New |
| CB Chubb Ltd. | 0.27% | 56,598 | $17.7M | Add +3.3% |
| BABA Alibaba Group Holding-SP ADR | 0.26% | 117,748 | $17.3M | Add +378.1% |
| MCK McKesson Corp. | 0.26% | 20,513 | $16.8M | Reduce -2.7% |
| GEV GE Vernova Inc. | 0.26% | 25,742 | $16.8M | Reduce -4.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 147,422 | $16.8M | Reduce -4.5% |
| PGR Progressive Corp. | 0.25% | 72,395 | $16.5M | Add +5.1% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 305,316 | $16.5M | Add +1.1% |
| MCD McDonald's Corp. | 0.25% | 52,907 | $16.2M | Reduce -25.3% |
| MDT Medtronic PLC | 0.25% | 167,351 | $16.1M | Reduce -2.7% |
| CVS CVS Health Corp. | 0.24% | 195,014 | $15.5M | Add +3.8% |
| SYK Stryker Corp. | 0.23% | 43,225 | $15.2M | Add +23.2% |
| KLAC KLA Corp. | 0.23% | 12,376 | $15.0M | Reduce -17.2% |
| PLD Prologis Inc. | 0.23% | 117,628 | $15.0M | Reduce -5.8% |
| VZ Verizon Communications Inc. | 0.23% | 367,873 | $15.0M | Reduce -7.5% |
| ADP Automatic Data Processing | 0.23% | 57,779 | $14.9M | Add +12.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 31,613 | $14.3M | Reduce -6.4% |
| LIN Linde PLC | 0.22% | 33,501 | $14.3M | Reduce -9.1% |
| T AT&T Inc. | 0.22% | 573,159 | $14.2M | Reduce -9.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 46,843 | $14.2M | New |
| ETN Eaton Corp. PLC | 0.22% | 44,371 | $14.1M | Add +3.1% |
| CME Cme Group Inc. | 0.21% | 50,782 | $13.9M | Reduce -6.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 28,315 | $13.3M | Add +39.3% |
| DHR Danaher Corp. | 0.20% | 56,841 | $13.0M | Reduce -8.7% |
| BX Blackstone Inc. | 0.20% | 83,911 | $12.9M | Add +30.6% |
| NEE Nextera Energy Inc. | 0.20% | 160,901 | $12.9M | Reduce -8.6% |
| LMT Lockheed Martin Corp. | 0.20% | 26,587 | $12.9M | New |
| CMCSA Comcast Corp. Class A | 0.20% | 429,921 | $12.9M | Add +29.4% |
| NEM Newmont Corp. | 0.20% | 128,687 | $12.8M | Reduce -7.6% |
| TT Trane Technologies PLC | 0.19% | 32,276 | $12.6M | Reduce -1.0% |
| HOOD Robinhood Markets Inc. Class A | 0.19% | 110,634 | $12.5M | Add +3.7% |
| CAT Caterpillar Inc. | 0.19% | 21,730 | $12.4M | Reduce -12.1% |
| MCO Moody's Corp. | 0.19% | 24,346 | $12.4M | Add +3.7% |
| ELV Elevance Health Inc. | 0.19% | 34,701 | $12.2M | Reduce -2.5% |
| INTC Intel Corp. | 0.18% | 323,302 | $11.9M | Add +40.4% |
Portfolio Sells Q3 2025 → Q4 2025
| XLV SS Health Care Select Sector | Reduce -73.7% | 0.61% | −1.63 |
| MSFT Microsoft Corp. | Reduce -2.7% | 4.75% | −0.85 |
| TSLA Tesla Inc. | Reduce -17.4% | 1.95% | −0.55 |
| AAPL Apple Inc. | Reduce -6.2% | 6.38% | −0.44 |
| NFLX Netflix Inc. | Reduce -8.8% | 0.72% | −0.36 |
| RTX RTX Corp. | Sold out | 0.00% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -20.8% | 0.56% | −0.25 |
| HD Home Depot Inc. | Reduce -9.2% | 0.52% | −0.20 |
| APP AppLovin Corp. Class A | Reduce -50.3% | 0.11% | −0.14 |
| V Visa Inc. Class A | Reduce -7.9% | 0.96% | −0.13 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.13 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.12 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.12 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.11 |
| MCD McDonald's Corp. | Reduce -25.3% | 0.25% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 1.06% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -4.3% | 0.58% | −0.10 |
| CBRE CBRE Group Inc. Class A | Reduce -74.0% | 0.03% | −0.10 |
| ABBV Abbvie Inc. | Reduce -4.6% | 0.69% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -31.8% | 0.14% | −0.09 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.09 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.09 |
| CEG Constellation Energy | Reduce -43.8% | 0.11% | −0.08 |
| VICI Vici Properties Inc. | Reduce -76.8% | 0.02% | −0.08 |
| AMT American Tower Corp. | Reduce -64.0% | 0.03% | −0.08 |
| SCHW Schwab (charles) Corp. | Reduce -40.8% | 0.11% | −0.08 |
| T AT&T Inc. | Reduce -9.8% | 0.22% | −0.08 |
| CCI Crown Castle Inc. | Reduce -79.9% | 0.02% | −0.08 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.07 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Reduce -81.6% | 0.01% | −0.07 |
| CVX Chevron Corp. | Reduce -6.8% | 0.42% | −0.07 |
| PSA Public Storage | Sold out | 0.00% | −0.07 |
| LIN Linde PLC | Reduce -9.1% | 0.22% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 0.81% | −0.07 |
| O Realty Income Corp. | Reduce -62.3% | 0.03% | −0.07 |
| TJX TJX Companies Inc. | Reduce -26.1% | 0.18% | −0.07 |
| ABT Abbott Laboratories | Reduce -5.3% | 0.31% | −0.07 |
| CSGP Costar Group Inc. | Reduce -71.8% | 0.02% | −0.06 |
| VTR Ventas Inc. | Sold out | 0.00% | −0.06 |
| PCAR Paccar Inc. | Reduce -50.3% | 0.06% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -7.5% | 0.23% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -25.4% | 0.09% | −0.06 |
| WMT Walmart Inc. | Reduce -7.4% | 0.81% | −0.06 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.05 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.05 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.05 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.05 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.05 |
| WM Waste Management Inc. | Reduce -43.1% | 0.06% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| XLK SS Technology Select Sector | New | 3.06% | +3.06 |
| GOOGL Alphabet Inc. Class A | Add +30.4% | 3.03% | +1.10 |
| SOXX iShares Semiconductor ETF | New | 0.72% | +0.72 |
| GOOG Alphabet Inc. Class C | Add +12.7% | 2.21% | +0.58 |
| AVGO Broadcom Inc. | Add +21.3% | 2.63% | +0.42 |
| USHY iShares Broad Usd High Yield | New | 0.38% | +0.38 |
| SPHY SS SPDR P High Yield ETF | New | 0.38% | +0.38 |
| XLI SS Industrial Select Sector | New | 0.35% | +0.35 |
| AMZN Amazon.com Inc. | Add +14.4% | 3.12% | +0.34 |
| EWY iShares MSCI South Korea ETF | New | 0.27% | +0.27 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.22% | +0.22 |
| LMT Lockheed Martin Corp. | New | 0.20% | +0.20 |
| BABA Alibaba Group Holding-SP ADR | Add +378.1% | 0.26% | +0.19 |
| XLF SS Financial Select Sector | New | 0.18% | +0.18 |
| BIDU Baidu Inc. - Spon ADR | New | 0.17% | +0.17 |
| HON Honeywell International Inc. | New | 0.16% | +0.16 |
| BA The Boeing Co. | New | 0.16% | +0.16 |
| PH Parker Hannifin Corp. | New | 0.14% | +0.14 |
| NOC Northrop Grumman Corp. | New | 0.12% | +0.12 |
| WFC Wells Fargo & Co. | Add +51.9% | 0.32% | +0.12 |
| XOM Exxon Mobil Corp. | Add +16.2% | 0.82% | +0.11 |
| MRK Merck & Co. Inc. | Add +5.7% | 0.49% | +0.09 |
| AER Aercap Holdings NV | New | 0.09% | +0.09 |
| TTWO Take-Two Interactive Softwre | New | 0.08% | +0.08 |
| EWT iShares MSCI Taiwan ETF | New | 0.08% | +0.08 |
| OKE Oneok Inc. | New | 0.07% | +0.07 |
| COF Capital One Financial Corp. | Add +26.3% | 0.28% | +0.07 |
| AXP American Express Co. | Add +15.1% | 0.42% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +9.3% | 0.38% | +0.07 |
| LDOS Leidos Holdings Inc. | New | 0.07% | +0.07 |
| CIEN Ciena Corp. | New | 0.07% | +0.07 |
| ALAB Astera Labs Inc. | New | 0.06% | +0.06 |
| GILD Gilead Sciences Inc. | Add +17.2% | 0.36% | +0.06 |
| AMGN Amgen Inc. | Add +12.1% | 0.35% | +0.06 |
| KKR KKR & Co. Inc. | Add +122.5% | 0.12% | +0.06 |
| PODD Insulet Corp. | New | 0.06% | +0.06 |
| USB US Bancorp | Add +79.6% | 0.12% | +0.06 |
| VST Vistra Corp. | New | 0.06% | +0.06 |
| INTC Intel Corp. | Add +40.4% | 0.18% | +0.06 |
| LPLA LPL Financial Holdings Inc. | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | Add +6.3% | 0.53% | +0.06 |
| IDCC Interdigital Inc. | New | 0.05% | +0.05 |
| CNC Centene Corp. | New | 0.05% | +0.05 |
| C Citigroup Inc. | Add +11.2% | 0.31% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | Add +10.7% | 0.53% | +0.05 |
| HWM Howmet Aerospace Inc. | New | 0.05% | +0.05 |
| WST West Pharmaceutical Services | New | 0.04% | +0.04 |
| FTV Fortive Corp. | Add +226.8% | 0.06% | +0.04 |
| VNM Vaneck Vietnam ETF | New | 0.04% | +0.04 |
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 |