Ilmarinen Mutual Pension Insurance Co

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Ilmarinen Mutual Pension Insurance Co reported 271 stock positions worth $9.2 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, 5.4%). Compared with Q2 2024, it opened 7 new positions, sold out of 9, added to 43 and reduced 30. The biggest buy was SS SPDR BB St Hi Yield ETF (SJNK, shares +26%) and the biggest sale an exit from BlackRock Finance (BLK).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001661580
Portfolio Value
$9.2B (Q3 2024)
SEC Filing
0001661580-24-000012 ↗ filed Nov 12, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $8.2B Q1 2024 Q2 2024: $8.6B Q2 2024 Q3 2024: $9.2B $9.2B Q3 2024 Q4 2024: $11.7B Q4 2024 Q1 2025: $11.3B Q1 2025 Q2 2025: $12.4B Q2 2025 Q3 2025: $13.3B Q3 2025 Q4 2025: $12.5B Q4 2025 Q1 2026: $12.7B Q1 2026 Q2 2026: $14.8B Q2 2026

Holdings 271 stocks · $9.2B
USCL iShares Climate Conscious 24.30% 32,526,438 $2.2B Add +0.7%
USCA Xtrack MSCI USA Clim Act Eq 24.21% 61,608,138 $2.2B Add +0.6%
SJNK SS SPDR BB St Hi Yield ETF 5.43% 19,361,703 $498.6M Add +26.0%
NVDA Nvidia Corp. 2.90% 2,195,340 $266.6M Add +0.5%
AAPL Apple Inc. 2.45% 965,000 $224.8M Reduce -3.5%
MSFT Microsoft Corp. 2.29% 489,419 $210.6M Add +2.1%
AMZN Amazon.com Inc. 2.24% 1,102,716 $205.5M Add +2.3%
GOOGL Alphabet Inc. Class A 1.94% 1,074,888 $178.3M No change
META Meta Platforms Inc. Class A 1.60% 256,500 $146.8M Add +1.0%
AVGO Broadcom Inc. 0.89% 475,000 $81.9M Add +2.1%
TSLA Tesla Inc. 0.88% 310,000 $81.1M Add +3.3%
LLY Eli Lilly & Co. 0.84% 87,000 $77.1M No change
UNH Unitedhealth Group Inc. 0.78% 122,000 $71.3M No change
JPM JPMorgan Chase & Co. 0.77% 334,569 $70.5M Add +5.0%
IYR iShares US Real Estate ETF 0.75% 675,127 $68.8M Add +1.7%
MA Mastercard Inc. Class A 0.64% 119,225 $58.9M No change
V Visa Inc. Class A 0.63% 208,960 $57.5M Reduce -10.3%
XOM Exxon Mobil Corp. 0.60% 467,000 $54.7M Reduce -17.5%
HD Home Depot Inc. 0.49% 112,096 $45.4M No change
ABBV Abbvie Inc. 0.46% 214,000 $42.3M No change
KO The Coca-Cola Co. 0.45% 570,000 $41.0M Add +24.9%
JNJ Johnson & Johnson 0.44% 251,600 $40.8M No change
WMT Walmart Inc. 0.44% 497,000 $40.1M Reduce -2.0%
PGR Progressive Corp. 0.41% 150,095 $38.1M No change
EWT iShares MSCI Taiwan ETF 0.41% 705,048 $38.0M No change
AMD Advanced Micro Devices 0.40% 225,000 $36.9M Add +40.6%
NFLX Netflix Inc. 0.39% 50,000 $35.5M No change
MRK Merck & Co. Inc. 0.37% 302,000 $34.3M No change
MCD McDonald's Corp. 0.36% 107,397 $32.7M Reduce -12.3%
ORCL Oracle Corp. 0.35% 191,087 $32.6M Add +5.5%
CVX Chevron Corp. 0.35% 219,000 $32.3M Add +22.4%
ADBE Adobe Inc. 0.35% 61,451 $31.8M Reduce -3.9%
MRSH Marsh & McLennan Cos 0.33% 137,200 $30.6M No change
TMO Thermo Fisher Scientific Inc. 0.32% 47,900 $29.6M Add +6.7%
NEE Nextera Energy Inc. 0.30% 330,856 $28.0M Add +14.9%
CRM Salesforce Inc. 0.30% 100,000 $27.4M No change
INTU Intuit Inc. 0.29% 42,824 $26.6M Reduce -2.3%
PEP Pepsico Inc. 0.27% 147,000 $25.0M Reduce -25.2%
NOW ServiceNow Inc. 0.27% 27,784 $24.9M No change
EWY iShares MSCI South Korea ETF 0.27% 383,400 $24.5M No change
PG The Procter & Gamble Co. 0.26% 140,000 $24.2M Add +1.1%
ABT Abbott Laboratories 0.26% 211,500 $24.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 600,120 $23.8M Reduce -14.7%
TMUS T-Mobile US Inc. 0.25% 112,347 $23.2M Add +21.7%
EWZ iShares MSCI Brazil ETF 0.24% 762,642 $22.5M No change
CME Cme Group Inc. 0.23% 97,111 $21.4M Reduce -7.5%
CSCO Cisco Systems Inc. 0.23% 400,000 $21.3M Reduce -11.1%
VZ Verizon Communications Inc. 0.22% 455,000 $20.4M Reduce -7.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 212,396 $20.4M No change
MS Morgan Stanley 0.21% 188,484 $19.6M No change
QCOM Qualcomm Inc. 0.21% 115,000 $19.6M Add +15.0%
CL Colgate-Palmolive Co. 0.21% 185,000 $19.2M Reduce -2.1%
SNPS Synopsys Inc. 0.21% 37,746 $19.1M Add +24.8%
PFE Pfizer Inc. 0.21% 660,000 $19.1M Add +26.9%
DHR Danaher Corp. 0.20% 67,000 $18.6M No change
AMGN Amgen Inc. 0.20% 56,500 $18.2M No change
TXN Texas Instruments Inc. 0.19% 86,285 $17.8M No change
MCK McKesson Corp. 0.19% 35,328 $17.5M No change
EMR Emerson Electric Co. 0.18% 153,500 $16.8M No change
BSX Boston Scientific Corp. 0.18% 200,000 $16.8M No change
SBUX Starbucks Corp. 0.18% 171,533 $16.7M No change
AMT American Tower Corp. 0.18% 71,649 $16.7M Add +38.7%
ISRG Intuitive Surgical Inc. 0.18% 33,800 $16.6M No change
CAT Caterpillar Inc. 0.18% 42,000 $16.4M No change
UNP Union Pacific Corp. 0.18% 65,500 $16.1M Add +10.1%
ICE Intercontinental Exchange Inc. 0.17% 98,000 $15.7M Reduce -17.6%
NKE Nike Inc. Class B 0.16% 168,646 $14.9M No change
CDNS Cadence Design SYS Inc. 0.16% 55,000 $14.9M Add +175.0%
CMCSA Comcast Corp. Class A 0.16% 353,500 $14.8M Reduce -5.9%
BKNG Booking Holdings Inc. 0.16% 3,500 $14.7M No change
WFC Wells Fargo & Co. 0.16% 255,000 $14.4M No change
MELI MercadoLibre Inc. 0.16% 7,000 $14.4M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.15% 195,000 $14.0M No change
DUK Duke Energy Corp. 0.15% 120,000 $13.8M Add +10.6%
MMM 3M Co. 0.15% 100,309 $13.7M No change
MRO Marathon Oil Corp. 0.15% 500,000 $13.3M New
UBER Uber Technologies Inc. 0.14% 175,000 $13.2M Add +16.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.14% 46,200 $13.0M No change
CTAS Cintas Corp. 0.14% 62,800 $12.9M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 57,168 $12.6M Reduce -8.0%
FCX Freeport-McMoran Inc. 0.14% 251,000 $12.5M No change
WDAY Workday Inc. Class A 0.14% 51,216 $12.5M No change
AFL Aflac Inc. 0.13% 110,317 $12.3M Reduce -21.9%
ZTS Zoetis Inc. 0.13% 63,000 $12.3M No change
GS Goldman Sachs Group Inc. 0.13% 24,434 $12.1M Add +37.8%
PANW Palo Alto Networks Inc. 0.13% 35,000 $12.0M Reduce -30.0%
MDLZ Mondelez International Inc. Class A 0.13% 161,000 $11.9M Reduce -6.7%
DE Deere & Co. 0.13% 27,697 $11.6M No change
RSG Republic Services Inc. 0.13% 57,500 $11.5M No change
CMG Chipotle Mexican Grill Inc. 0.13% 200,000 $11.5M Add +100.0%
CRWD CrowdStrike Holdings Inc. Class A 0.12% 40,000 $11.2M Add +100.0%
ECL Ecolab Inc. 0.12% 42,500 $10.9M No change
FISV Fiserv Inc. 0.12% 60,000 $10.8M No change
PLD Prologis Inc. 0.12% 85,000 $10.7M No change
RY Royal Bank of Canada 0.11% 84,249 $10.5M No change
UPS United Parcel Service Class B 0.11% 77,000 $10.5M Add +45.3%
ABNB Airbnb Inc. Class A 0.11% 80,000 $10.1M Add +23.1%
CVS CVS Health Corp. 0.11% 160,000 $10.1M No change
SO The Southern Co. 0.11% 111,500 $10.1M No change
ITW Illinois Tool Works 0.11% 38,000 $10.0M No change

Show all 271 holdings

Portfolio Sells Q2 2024 → Q3 2024
BLK BlackRock Finance Inc. Sold out 0.00% −0.30
COP Conocophillips Sold out 0.00% −0.21
XOM Exxon Mobil Corp. Reduce -17.5% 0.60% −0.16
BRO Brown & Brown Inc. Sold out 0.00% −0.11
PEP Pepsico Inc. Reduce -25.2% 0.27% −0.11
V Visa Inc. Class A Reduce -10.3% 0.63% −0.09
ADBE Adobe Inc. Reduce -3.9% 0.35% −0.07
PANW Palo Alto Networks Inc. Reduce -30.0% 0.13% −0.07
BAC Bank of America Corp. Reduce -14.7% 0.26% −0.07
TJX TJX Companies Inc. Sold out 0.00% −0.06
LYV Live Nation Entertainment Inc. Sold out 0.00% −0.05
TYL Tyler Technologies Inc. Sold out 0.00% −0.05
HSY The Hershey Co. Sold out 0.00% −0.05
INTU Intuit Inc. Reduce -2.3% 0.29% −0.05
SRE Sempra Reduce -42.3% 0.06% −0.04
EL Estee Lauder Companies Class A Sold out 0.00% −0.03
OKE Oneok Inc. Reduce -30.9% 0.07% −0.03
DDOG Datadog Inc. Class A Reduce -25.0% 0.04% −0.02
ICE Intercontinental Exchange Inc. Reduce -17.6% 0.17% −0.02
T AT&T Inc. Reduce -20.5% 0.11% −0.02
CSCO Cisco Systems Inc. Reduce -11.1% 0.23% −0.02
MNST Monster Beverage Corp. Reduce -16.4% 0.08% −0.02
SLB SLB Ltd. Reduce -2.5% 0.07% −0.02
YUM Yum! Brands Inc. Reduce -25.0% 0.05% −0.02
AEP American Electric Power Sold out 0.00% −0.02
VZ Verizon Communications Inc. Reduce -7.4% 0.22% −0.01
AFL Aflac Inc. Reduce -21.9% 0.13% −0.01
CMCSA Comcast Corp. Class A Reduce -5.9% 0.16% −0.01
PEG Public Service Enterprise GP Reduce -20.9% 0.07% −0.01
MCD McDonald's Corp. Reduce -12.3% 0.36% −0.01
CME Cme Group Inc. Reduce -7.5% 0.23% −0.01
CHTR Charter Communications Inc. Class A Reduce -25.0% 0.02% −0.01
AAPL Apple Inc. Reduce -3.5% 2.45% −0.01
CL Colgate-Palmolive Co. Reduce -2.1% 0.21% −0.00
STZ Constellation Brands Inc. Class A Reduce -4.8% 0.03% −0.00
BKR Baker Hughes Co. Reduce -4.8% 0.04% −0.00
MDLZ Mondelez International Inc. Class A Reduce -6.7% 0.13% −0.00
IBM Intl Business Machines Corp. Reduce -8.0% 0.14% +0.01
WMT Walmart Inc. Reduce -2.0% 0.44% +0.04

Portfolio Buys Q2 2024 → Q3 2024
SJNK SS SPDR BB St Hi Yield ETF Add +26.0% 5.43% +0.96
TSLA Tesla Inc. Add +3.3% 0.88% +0.19
MRO Marathon Oil Corp. New 0.15% +0.15
KO The Coca-Cola Co. Add +24.9% 0.45% +0.11
META Meta Platforms Inc. Class A Add +1.0% 1.60% +0.11
AMD Advanced Micro Devices Add +40.6% 0.40% +0.10
STT State Street Corp. New 0.10% +0.10
CDNS Cadence Design SYS Inc. Add +175.0% 0.16% +0.09
DELL Dell Technologies -C New 0.09% +0.09
KMI Kinder Morgan Inc. New 0.08% +0.08
IYR iShares US Real Estate ETF Add +1.7% 0.75% +0.07
NEE Nextera Energy Inc. Add +14.9% 0.30% +0.07
AMT American Tower Corp. Add +38.7% 0.18% +0.06
TMUS T-Mobile US Inc. Add +21.7% 0.25% +0.06
KDP Keurig Dr Pepper Inc. Add +131.8% 0.10% +0.06
ORCL Oracle Corp. Add +5.5% 0.35% +0.06
CMG Chipotle Mexican Grill Inc. Add +100.0% 0.13% +0.05
SHOP Shopify Inc. Class A New 0.04% +0.04
PFE Pfizer Inc. Add +26.9% 0.21% +0.04
GS Goldman Sachs Group Inc. Add +37.8% 0.13% +0.04
FANG Diamondback Energy Inc. New 0.04% +0.04
EEM iShares MSCI Emerging Market Add +48.8% 0.11% +0.04
TMO Thermo Fisher Scientific Inc. Add +6.7% 0.32% +0.03
CRWD CrowdStrike Holdings Inc. Class A Add +100.0% 0.12% +0.03
XEL Xcel Energy Inc. Add +64.9% 0.07% +0.03
UPS United Parcel Service Class B Add +45.3% 0.11% +0.03
CVX Chevron Corp. Add +22.4% 0.35% +0.03
D Dominion Energy Inc. Add +65.0% 0.05% +0.02
DUK Duke Energy Corp. Add +10.6% 0.15% +0.02
AVGO Broadcom Inc. Add +2.1% 0.89% +0.02
ED Consolidated Edison Inc. Add +45.2% 0.06% +0.02
BMY Bristol-Myers Squibb Co. Add +9.7% 0.10% +0.02
UNP Union Pacific Corp. Add +10.1% 0.18% +0.02
ULTA Ulta Beauty Inc. Add +50.0% 0.06% +0.02
JPM JPMorgan Chase & Co. Add +5.0% 0.77% +0.02
UBER Uber Technologies Inc. Add +16.7% 0.14% +0.02
MDB Mongodb Inc. Add +33.3% 0.06% +0.02
HUBS HubSpot Inc. Add +35.0% 0.08% +0.01
PDM Piedmont Realty Trust Inc. New 0.00% +0.00
SNPS Synopsys Inc. Add +24.8% 0.21% −0.00
SPT Sprout Social Inc. Class A Add +25.0% 0.04% −0.00
PG The Procter & Gamble Co. Add +1.1% 0.26% −0.00
ABNB Airbnb Inc. Class A Add +23.1% 0.11% −0.00
TEAM Atlassian Corp. Class A Add +11.1% 0.09% −0.01
QCOM Qualcomm Inc. Add +15.0% 0.21% −0.02
USCL iShares Climate Conscious Add +0.7% 24.30% −0.18
AMZN Amazon.com Inc. Add +2.3% 2.24% −0.19
MSFT Microsoft Corp. Add +2.1% 2.29% −0.20
USCA Xtrack MSCI USA Clim Act Eq Add +0.6% 24.21% −0.21
NVDA Nvidia Corp. Add +0.5% 2.90% −0.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 445$14.8BUSCA, USCL, NVDA, AAPL, USHY
Q1 2026 462$12.7BUSCA, USCL, NVDA, USHY, AAPL
Q4 2025 331$12.5BUSCL, USCA, SPHY, USHY, NVDA
Q3 2025 303$13.3BUSCL, USCA, SPHY, USHY, NVDA
Q2 2025 295$12.4BUSCL, USCA, SPHY, USHY, NVDA
Q1 2025 301$11.3BUSCL, USCA, SPHY, USHY, AAPL
Q4 2024 293$11.7BUSCL, USCA, SPHY, USHY, AAPL
Q3 2024 271$9.2BUSCL, USCA, SJNK, NVDA, AAPL
Q2 2024 273$8.6BUSCL, USCA, SJNK, NVDA, MSFT
Q1 2024 265$8.2BUSCL, USCA, SJNK, NVDA, AMZN