Ilmarinen Mutual Pension Insurance Co
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Ilmarinen Mutual Pension Insurance Co reported 265 stock positions worth $8.2 billion. Its top holding was iShares Climate Conscious (USCL) at 24.3% of the portfolio, followed by Xtrack MSCI USA Clim Act Eq (USCA, 24.2%) and SS SPDR BB St Hi Yield ETF (SJNK, 4.7%). Compared with Q4 2023, it opened 10 new positions, sold out of 9, added to 63 and reduced 81. The biggest buy was Nvidia (NVDA, shares +6%) and the biggest sale iShares Climate Conscious (USCL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- HELSINKI, H9
- CIK
- 0001661580
- Portfolio Value
- $8.2B (Q1 2024)
- SEC Filing
- 0001661580-24-000002 ↗ filed May 15, 2024
Holdings Value
Holdings 265 stocks · $8.2B
| USCL iShares Climate Conscious | 24.28% | 31,939,295 | $2.0B | Reduce -1.0% |
| USCA Xtrack MSCI USA Clim Act Eq | 24.20% | 60,461,710 | $2.0B | Reduce -1.4% |
| SJNK SS SPDR BB St Hi Yield ETF | 4.73% | 15,361,703 | $387.4M | Add +15.0% |
| NVDA Nvidia Corp. | 3.27% | 296,534 | $267.9M | Add +5.9% |
| AMZN Amazon.com Inc. | 2.36% | 1,072,716 | $193.5M | Add +4.2% |
| MSFT Microsoft Corp. | 2.28% | 444,500 | $187.0M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 2.17% | 1,179,888 | $178.1M | Add +2.6% |
| AAPL Apple Inc. | 1.57% | 750,000 | $128.6M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 1.45% | 244,000 | $118.5M | Add +12.2% |
| JPM JPMorgan Chase & Co. | 0.82% | 335,369 | $67.2M | No change |
| LLY Eli Lilly & Co. | 0.82% | 86,300 | $67.1M | No change |
| UNH Unitedhealth Group Inc. | 0.78% | 128,800 | $63.7M | Add +24.1% |
| V Visa Inc. Class A | 0.77% | 225,160 | $62.8M | Add +18.4% |
| AVGO Broadcom Inc. | 0.73% | 45,000 | $59.6M | Add +5.9% |
| MA Mastercard Inc. Class A | 0.70% | 119,225 | $57.4M | Add +15.7% |
| IYR iShares US Real Estate ETF | 0.69% | 627,127 | $56.4M | Add +27.2% |
| TSLA Tesla Inc. | 0.61% | 282,500 | $49.7M | No change |
| HD Home Depot Inc. | 0.52% | 112,096 | $43.0M | Add +12.1% |
| XOM Exxon Mobil Corp. | 0.51% | 358,000 | $41.6M | Reduce -15.3% |
| MRK Merck & Co. Inc. | 0.47% | 292,000 | $38.5M | Add +11.4% |
| JNJ Johnson & Johnson | 0.46% | 240,600 | $38.1M | No change |
| ABBV Abbvie Inc. | 0.43% | 192,000 | $35.0M | No change |
| EWT iShares MSCI Taiwan ETF | 0.42% | 705,048 | $34.3M | Add +28.4% |
| MCD McDonald's Corp. | 0.40% | 117,397 | $33.1M | Reduce -1.7% |
| AMD Advanced Micro Devices | 0.39% | 175,000 | $31.6M | Reduce -14.6% |
| PG The Procter & Gamble Co. | 0.38% | 192,500 | $31.2M | Reduce -14.3% |
| BLK BlackRock Finance Inc. | 0.38% | 37,103 | $30.9M | Add +44.7% |
| PGR Progressive Corp. | 0.37% | 145,595 | $30.1M | Reduce -11.1% |
| ADBE Adobe Inc. | 0.36% | 58,951 | $29.7M | Add +2.5% |
| WMT Walmart Inc. | 0.35% | 479,500 | $28.9M | Add +9.5% |
| MRSH Marsh & McLennan Cos | 0.34% | 137,200 | $28.3M | Add +75.9% |
| CVX Chevron Corp. | 0.34% | 179,000 | $28.2M | Reduce -9.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 222,396 | $27.2M | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.33% | 443,500 | $27.1M | Reduce -1.8% |
| CRM Salesforce Inc. | 0.33% | 90,000 | $27.1M | No change |
| INTU Intuit Inc. | 0.33% | 41,324 | $26.9M | Add +3.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 703,120 | $26.7M | Add +6.3% |
| CSCO Cisco Systems Inc. | 0.32% | 525,000 | $26.2M | Add +10.5% |
| NFLX Netflix Inc. | 0.31% | 42,500 | $25.8M | Add +6.3% |
| EWY iShares MSCI South Korea ETF | 0.31% | 383,400 | $25.7M | No change |
| PEP Pepsico Inc. | 0.31% | 146,000 | $25.6M | Add +20.7% |
| COP Conocophillips | 0.31% | 198,500 | $25.3M | Reduce -3.4% |
| EWZ iShares MSCI Brazil ETF | 0.30% | 762,642 | $24.7M | No change |
| ABT Abbott Laboratories | 0.29% | 211,500 | $24.0M | Add +19.8% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 41,100 | $23.9M | No change |
| PXD Pioneer Natural Resources Co. | 0.28% | 89,000 | $23.4M | Add +78.0% |
| ORCL Oracle Corp. | 0.28% | 181,087 | $22.7M | Reduce -18.6% |
| VZ Verizon Communications Inc. | 0.26% | 515,000 | $21.6M | Add +3.4% |
| NOW ServiceNow Inc. | 0.24% | 26,000 | $19.8M | Add +15.6% |
| QCOM Qualcomm Inc. | 0.24% | 115,000 | $19.5M | No change |
| MCK McKesson Corp. | 0.23% | 35,328 | $19.0M | Reduce -26.2% |
| CL Colgate-Palmolive Co. | 0.23% | 209,000 | $18.8M | Add +38.4% |
| CMCSA Comcast Corp. Class A | 0.23% | 433,500 | $18.8M | Reduce -7.5% |
| NEE Nextera Energy Inc. | 0.22% | 287,856 | $18.4M | Add +11.6% |
| SBUX Starbucks Corp. | 0.22% | 196,533 | $18.0M | Add +57.2% |
| MS Morgan Stanley | 0.22% | 188,484 | $17.7M | No change |
| ISRG Intuitive Surgical Inc. | 0.21% | 43,000 | $17.2M | Add +152.9% |
| DHR Danaher Corp. | 0.20% | 67,000 | $16.7M | Reduce -6.9% |
| ICE Intercontinental Exchange Inc. | 0.20% | 119,000 | $16.4M | No change |
| AMGN Amgen Inc. | 0.20% | 56,500 | $16.1M | No change |
| TMUS T-Mobile US Inc. | 0.19% | 96,347 | $15.7M | Add +16.6% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 217,000 | $15.2M | Add +6.4% |
| WFC Wells Fargo & Co. | 0.18% | 255,000 | $14.8M | No change |
| PFE Pfizer Inc. | 0.18% | 521,000 | $14.5M | Reduce -5.3% |
| EMR Emerson Electric Co. | 0.17% | 123,500 | $14.0M | Add +99.2% |
| WDAY Workday Inc. Class A | 0.17% | 51,216 | $14.0M | Add +46.3% |
| MNST Monster Beverage Corp. | 0.17% | 232,435 | $13.8M | Add +50.4% |
| NKE Nike Inc. Class B | 0.16% | 143,646 | $13.5M | Reduce -15.2% |
| UBER Uber Technologies Inc. | 0.16% | 175,000 | $13.5M | Reduce -12.5% |
| VEEV Veeva Systems Inc. Class A | 0.16% | 57,533 | $13.3M | Add +6.5% |
| CI The Cigna Group | 0.16% | 36,000 | $13.1M | No change |
| SNPS Synopsys Inc. | 0.16% | 22,500 | $12.9M | Add +28.6% |
| CVS CVS Health Corp. | 0.16% | 160,000 | $12.8M | No change |
| BKNG Booking Holdings Inc. | 0.15% | 3,500 | $12.7M | Add +40.0% |
| ABNB Airbnb Inc. Class A | 0.15% | 75,000 | $12.4M | No change |
| AFL Aflac Inc. | 0.15% | 141,317 | $12.1M | Reduce -4.5% |
| DUK Duke Energy Corp. | 0.15% | 123,000 | $11.9M | Add +10.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 62,168 | $11.9M | Reduce -8.9% |
| FCX Freeport-McMoran Inc. | 0.14% | 251,000 | $11.8M | Add +12.6% |
| ZTS Zoetis Inc. | 0.14% | 69,500 | $11.8M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.14% | 46,200 | $11.6M | Add +84.8% |
| TXN Texas Instruments Inc. | 0.14% | 66,285 | $11.5M | Reduce -17.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.14% | 209,185 | $11.5M | Add +8.2% |
| DE Deere & Co. | 0.14% | 27,697 | $11.4M | Reduce -22.0% |
| ECL Ecolab Inc. | 0.14% | 49,000 | $11.3M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.14% | 195,000 | $11.2M | No change |
| ELV Elevance Health Inc. | 0.14% | 21,600 | $11.2M | No change |
| PLD Prologis Inc. | 0.14% | 85,000 | $11.1M | No change |
| RSG Republic Services Inc. | 0.13% | 57,500 | $11.0M | No change |
| BSX Boston Scientific Corp. | 0.13% | 160,000 | $11.0M | No change |
| CTAS Cintas Corp. | 0.13% | 15,700 | $10.8M | Reduce -30.7% |
| ANSS Ansys Inc. | 0.13% | 30,000 | $10.4M | Add +20.0% |
| OKE Oneok Inc. | 0.12% | 127,500 | $10.2M | Reduce -5.9% |
| PANW Palo Alto Networks Inc. | 0.12% | 35,000 | $9.9M | Add +16.7% |
| T AT&T Inc. | 0.12% | 559,000 | $9.8M | No change |
| FISV Fiserv Inc. | 0.12% | 60,000 | $9.6M | No change |
| OKTA Okta Inc. | 0.11% | 90,000 | $9.4M | No change |
| ADSK Autodesk Inc. | 0.11% | 35,000 | $9.1M | No change |
| MELI MercadoLibre Inc. | 0.11% | 6,000 | $9.1M | Add +20.0% |
| TGT Target Corp. | 0.11% | 50,000 | $8.9M | Reduce -9.4% |
Options reported separately and not counted above: HYG puts ($85.5M).
Portfolio Sells Q4 2023 → Q1 2024
| USCL iShares Climate Conscious | Reduce -1.0% | 24.28% | −8.17 |
| AAPL Apple Inc. | Reduce -6.3% | 1.57% | −1.19 |
| XOM Exxon Mobil Corp. | Reduce -15.3% | 0.51% | −0.25 |
| MCD McDonald's Corp. | Reduce -1.7% | 0.40% | −0.23 |
| EEM iShares MSCI Emerging Market | Reduce -64.9% | 0.07% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -14.3% | 0.38% | −0.21 |
| CVX Chevron Corp. | Reduce -9.9% | 0.34% | −0.19 |
| MCK McKesson Corp. | Reduce -26.2% | 0.23% | −0.17 |
| NKE Nike Inc. Class B | Reduce -15.2% | 0.16% | −0.17 |
| AMD Advanced Micro Devices | Reduce -14.6% | 0.39% | −0.16 |
| EZA iShares MSCI South Africa Et | Sold out | 0.00% | −0.15 |
| KO The Coca-Cola Co. | Reduce -1.8% | 0.33% | −0.15 |
| ORCL Oracle Corp. | Reduce -18.6% | 0.28% | −0.14 |
| CMCSA Comcast Corp. Class A | Reduce -7.5% | 0.23% | −0.14 |
| SCHW Schwab (charles) Corp. | Reduce -43.5% | 0.09% | −0.14 |
| BF.B Brown-Forman Corp. Class B | Reduce -49.5% | 0.06% | −0.13 |
| COP Conocophillips | Reduce -3.4% | 0.31% | −0.12 |
| SO The Southern Co. | Reduce -33.7% | 0.10% | −0.12 |
| DE Deere & Co. | Reduce -22.0% | 0.14% | −0.12 |
| CTAS Cintas Corp. | Reduce -30.7% | 0.13% | −0.11 |
| AMT American Tower Corp. | Reduce -31.3% | 0.08% | −0.11 |
| WCN Waste Connections Inc. | Reduce -38.7% | 0.10% | −0.11 |
| PFE Pfizer Inc. | Reduce -5.3% | 0.18% | −0.11 |
| TXN Texas Instruments Inc. | Reduce -17.2% | 0.14% | −0.10 |
| USB US Bancorp | Sold out | 0.00% | −0.10 |
| PGR Progressive Corp. | Reduce -11.1% | 0.37% | −0.10 |
| KDP Keurig Dr Pepper Inc. | Reduce -51.5% | 0.04% | −0.10 |
| DHR Danaher Corp. | Reduce -6.9% | 0.20% | −0.09 |
| STT State Street Corp. | Sold out | 0.00% | −0.09 |
| FDX FedEx Corp. | Reduce -58.6% | 0.04% | −0.09 |
| BKR Baker Hughes Co. | Reduce -49.5% | 0.04% | −0.09 |
| RY Royal Bank of Canada | Reduce -20.2% | 0.10% | −0.09 |
| UPS United Parcel Service Class B | Reduce -42.9% | 0.05% | −0.09 |
| SNOW Snowflake Inc. | Reduce -11.1% | 0.08% | −0.08 |
| ZS Zscaler Inc. | Reduce -12.5% | 0.08% | −0.08 |
| DECK Deckers Outdoor Corp. | Reduce -70.6% | 0.03% | −0.07 |
| BX Blackstone Inc. | Reduce -28.3% | 0.07% | −0.07 |
| AFL Aflac Inc. | Reduce -4.5% | 0.15% | −0.07 |
| CAT Caterpillar Inc. | Reduce -45.8% | 0.06% | −0.07 |
| HUBS HubSpot Inc. | Reduce -50.0% | 0.04% | −0.07 |
| RC Ready Capital Corp. | Sold out | 0.00% | −0.06 |
| HES Hess Corp. | Reduce -20.4% | 0.08% | −0.06 |
| GWW WW Grainger Inc. | Reduce -45.9% | 0.05% | −0.06 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.06 |
| VFC VF Corp. | Sold out | 0.00% | −0.06 |
| TRMB Trimble Inc. | Reduce -33.3% | 0.07% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -12.5% | 0.16% | −0.06 |
| CLX Clorox Company | Reduce -57.8% | 0.02% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -9.6% | 0.10% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -8.9% | 0.14% | −0.06 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +5.9% | 3.27% | +0.78 |
| ISRG Intuitive Surgical Inc. | Add +152.9% | 0.21% | +0.11 |
| PXD Pioneer Natural Resources Co. | Add +78.0% | 0.28% | +0.08 |
| MRSH Marsh & McLennan Cos | Add +75.9% | 0.34% | +0.08 |
| IWM iShares Russell 2000 ETF | New | 0.08% | +0.08 |
| BRO Brown & Brown Inc. | New | 0.07% | +0.07 |
| EL Estee Lauder Companies Class A | Add +937.5% | 0.08% | +0.07 |
| META Meta Platforms Inc. Class A | Add +12.2% | 1.45% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.06% | +0.06 |
| EMR Emerson Electric Co. | Add +99.2% | 0.17% | +0.06 |
| WK Workiva Inc. | New | 0.05% | +0.05 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +84.8% | 0.14% | +0.04 |
| HUBB Hubbell Inc. | New | 0.04% | +0.04 |
| PAYX Paychex Inc. | New | 0.03% | +0.03 |
| CEG Constellation Energy | Add +26.8% | 0.10% | +0.03 |
| AEP American Electric Power | New | 0.02% | +0.02 |
| ES Eversource Energy | New | 0.02% | +0.02 |
| D Dominion Energy Inc. | New | 0.02% | +0.02 |
| CL Colgate-Palmolive Co. | Add +38.4% | 0.23% | +0.01 |
| YUM Yum! Brands Inc. | Add +60.0% | 0.07% | +0.01 |
| MNST Monster Beverage Corp. | Add +50.4% | 0.17% | +0.01 |
| BLK BlackRock Finance Inc. | Add +44.7% | 0.38% | +0.00 |
| SBUX Starbucks Corp. | Add +57.2% | 0.22% | +0.00 |
| DLR Digital Realty Trust Inc. | Add +44.9% | 0.07% | +0.00 |
| LVS Las Vegas Sands Corp. | Add +50.0% | 0.05% | +0.00 |
| HAL Halliburton Co. | Add +33.3% | 0.04% | −0.00 |
| FTNT Fortinet Inc. | Add +25.0% | 0.10% | −0.00 |
| ENPH Enphase Energy Inc. | Add +34.7% | 0.01% | −0.00 |
| WDAY Workday Inc. Class A | Add +46.3% | 0.17% | −0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Add +14.9% | 0.03% | −0.00 |
| BKNG Booking Holdings Inc. | Add +40.0% | 0.15% | −0.00 |
| SNPS Synopsys Inc. | Add +28.6% | 0.16% | −0.00 |
| XEL Xcel Energy Inc. | Add +25.0% | 0.02% | −0.01 |
| FSLR First Solar Inc. | Add +25.0% | 0.05% | −0.01 |
| PCTY Paylocity Holding Corp. | Add +14.3% | 0.08% | −0.02 |
| PEG Public Service Enterprise GP | Add +12.1% | 0.11% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Add +6.5% | 0.16% | −0.02 |
| FCX Freeport-McMoran Inc. | Add +12.6% | 0.14% | −0.03 |
| CME Cme Group Inc. | Add +9.4% | 0.09% | −0.03 |
| MELI MercadoLibre Inc. | Add +20.0% | 0.11% | −0.03 |
| LULU Lululemon Athletica Inc. | Add +25.0% | 0.06% | −0.03 |
| NFLX Netflix Inc. | Add +6.3% | 0.31% | −0.03 |
| EWT iShares MSCI Taiwan ETF | Add +28.4% | 0.42% | −0.03 |
| SRE Sempra | Add +14.8% | 0.11% | −0.03 |
| TEAM Atlassian Corp. Class A | Add +20.0% | 0.07% | −0.04 |
| ANSS Ansys Inc. | Add +20.0% | 0.13% | −0.04 |
| PANW Palo Alto Networks Inc. | Add +16.7% | 0.12% | −0.04 |
| SLB SLB Ltd. | Add +8.2% | 0.14% | −0.04 |
| MRK Merck & Co. Inc. | Add +11.4% | 0.47% | −0.04 |
Options Activity Q4 2023 → Q1 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 1,100,000 | $85.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 445 | $14.8B | USCA, USCL, NVDA, AAPL, USHY |
| Q1 2026 | 462 | $12.7B | USCA, USCL, NVDA, USHY, AAPL |
| Q4 2025 | 331 | $12.5B | USCL, USCA, SPHY, USHY, NVDA |
| Q3 2025 | 303 | $13.3B | USCL, USCA, SPHY, USHY, NVDA |
| Q2 2025 | 295 | $12.4B | USCL, USCA, SPHY, USHY, NVDA |
| Q1 2025 | 301 | $11.3B | USCL, USCA, SPHY, USHY, AAPL |
| Q4 2024 | 293 | $11.7B | USCL, USCA, SPHY, USHY, AAPL |
| Q3 2024 | 271 | $9.2B | USCL, USCA, SJNK, NVDA, AAPL |
| Q2 2024 | 273 | $8.6B | USCL, USCA, SJNK, NVDA, MSFT |
| Q1 2024 | 265 | $8.2B | USCL, USCA, SJNK, NVDA, AMZN |