Ilmarinen Mutual Pension Insurance Co

Name: Ilmarinen Mutual Pension Insurance Co 13F holdings, Q4 2024
Creator: Ilmarinen Mutual Pension Insurance Co
Published: 2025-02-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Ilmarinen Mutual Pension Insurance Co reported 293 stock positions worth $11.7 billion. Its top holding was iShares Climate Conscious (USCL) at 19.3% of the portfolio, followed by Xtrack MSCI USA Clim Act Eq (USCA, 19.2%) and SS SPDR P High Yield ETF (SPHY, 5.7%). Compared with Q3 2024, it opened 44 new positions, sold out of 22, added to 156 and reduced 14. The biggest buy was a new position in SS SPDR P High Yield ETF (SPHY) and the biggest sale iShares Climate Conscious (USCL, shares −2%).

Most Recent 13F: Q2 2026
Location: HELSINKI, H9
CIK: 0001661580
Portfolio Value: $11.7B (Q4 2024)
SEC Filing: 0001661580-25-000001 ↗ filed Feb 13, 2025

Holdings Value

Holdings 293 stocks · $11.7B


USCL iShares Climate Conscious	19.28%	31,962,268	$2.2B	Reduce -1.7%
USCA Xtrack MSCI USA Clim Act Eq	19.22%	60,499,659	$2.2B	Reduce -1.8%
SPHY SS SPDR P High Yield ETF	5.65%	28,100,000	$659.5M	New
USHY iShares Broad Usd High Yield	4.38%	13,880,000	$510.6M	New
AAPL Apple Inc.	2.78%	1,295,000	$324.3M	Add +34.2%
MSFT Microsoft Corp.	2.72%	751,919	$316.9M	Add +53.6%
NVDA Nvidia Corp.	2.64%	2,295,340	$308.2M	Add +4.6%
AMZN Amazon.com Inc.	2.64%	1,402,716	$307.7M	Add +27.2%
GOOGL Alphabet Inc. Class A	2.63%	1,619,888	$306.6M	Add +50.7%
META Meta Platforms Inc. Class A	1.76%	351,500	$205.8M	Add +37.0%
TSLA Tesla Inc.	1.45%	420,000	$169.6M	Add +35.5%
SJNK SS SPDR BB St Hi Yield ETF	1.18%	5,461,703	$137.9M	Reduce -71.8%
JPM JPMorgan Chase & Co.	0.94%	457,869	$109.8M	Add +36.9%
V Visa Inc. Class A	0.86%	317,960	$100.5M	Add +52.2%
LLY Eli Lilly & Co.	0.81%	122,600	$94.6M	Add +40.9%
MA Mastercard Inc. Class A	0.77%	170,225	$89.6M	Add +42.8%
IYR iShares US Real Estate ETF	0.76%	957,177	$89.1M	Add +41.8%
UNH Unitedhealth Group Inc.	0.70%	160,400	$81.1M	Add +31.5%
XOM Exxon Mobil Corp.	0.58%	630,000	$67.8M	Add +34.9%
WMT Walmart Inc.	0.51%	660,500	$59.7M	Add +32.9%
HD Home Depot Inc.	0.51%	152,096	$59.2M	Add +35.7%
COST Costco Wholesale Corp.	0.50%	64,000	$58.6M	New
NFLX Netflix Inc.	0.49%	64,000	$57.0M	Add +28.0%
JNJ Johnson & Johnson	0.44%	356,600	$51.6M	Add +41.7%
CRM Salesforce Inc.	0.43%	150,000	$50.1M	Add +50.0%
ABBV Abbvie Inc.	0.42%	277,500	$49.3M	Add +29.7%
PG The Procter & Gamble Co.	0.42%	290,000	$48.6M	Add +107.1%
LIN Linde PLC	0.41%	115,270	$48.3M	New
BLK BlackRock Inc.	0.41%	46,603	$47.8M	New
KO The Coca-Cola Co.	0.38%	720,000	$44.8M	Add +26.3%
PGR Progressive Corp.	0.38%	186,595	$44.7M	Add +24.3%
ORCL Oracle Corp.	0.38%	266,087	$44.3M	Add +39.3%
CVX Chevron Corp.	0.37%	297,500	$43.1M	Add +35.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.37%	971,620	$42.7M	Add +61.9%
MCD McDonald's Corp.	0.36%	144,897	$42.0M	Add +34.9%
MRK Merck & Co. Inc.	0.34%	403,000	$40.1M	Add +33.4%
MRSH Marsh & McLennan Cos	0.33%	183,900	$39.1M	Add +34.0%
INTU Intuit Inc.	0.33%	61,324	$38.5M	Add +43.2%
NOW ServiceNow Inc.	0.32%	35,284	$37.4M	Add +27.0%
ADBE Adobe Inc.	0.30%	79,451	$35.3M	Add +29.3%
ACN Accenture PLC Class A	0.29%	95,000	$33.4M	New
TMO Thermo Fisher Scientific Inc.	0.28%	63,900	$33.2M	Add +33.4%
AMD Advanced Micro Devices	0.28%	275,000	$33.2M	Add +22.2%
WFC Wells Fargo & Co.	0.28%	469,500	$33.0M	Add +84.1%
CSCO Cisco Systems Inc.	0.28%	550,000	$32.6M	Add +37.5%
ETN Eaton Corp. PLC	0.27%	95,100	$31.6M	New
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.26%	272,396	$30.3M	Add +28.3%
MS Morgan Stanley	0.26%	238,484	$30.0M	Add +26.5%
ABT Abbott Laboratories	0.26%	264,500	$29.9M	Add +25.1%
PEP Pepsico Inc.	0.26%	196,500	$29.9M	Add +33.7%
T AT&T Inc.	0.24%	1,205,000	$27.4M	Add +167.8%
TMUS T-Mobile US Inc.	0.23%	120,847	$26.7M	Add +7.6%
QCOM Qualcomm Inc.	0.22%	170,000	$26.1M	Add +47.8%
SNPS Synopsys Inc.	0.22%	53,746	$26.1M	Add +42.4%
PFE Pfizer Inc.	0.22%	982,000	$26.1M	Add +48.8%
CME Cme Group Inc.	0.22%	110,611	$25.7M	Add +13.9%
CB Chubb Ltd.	0.21%	90,271	$24.9M	New
NEE Nextera Energy Inc.	0.21%	339,356	$24.3M	Add +2.6%
VZ Verizon Communications Inc.	0.21%	600,000	$24.0M	Add +31.9%
ICE Intercontinental Exchange Inc.	0.20%	157,800	$23.5M	Add +61.0%
BSX Boston Scientific Corp.	0.20%	263,000	$23.5M	Add +31.5%
MCK McKesson Corp.	0.20%	40,428	$23.0M	Add +14.4%
BKNG Booking Holdings Inc.	0.19%	4,500	$22.4M	Add +28.6%
EMR Emerson Electric Co.	0.19%	178,500	$22.1M	Add +16.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.19%	76,100	$21.6M	Add +64.7%
UBER Uber Technologies Inc.	0.18%	345,000	$20.8M	Add +97.1%
GS Goldman Sachs Group Inc.	0.18%	36,209	$20.7M	Add +48.2%
UNP Union Pacific Corp.	0.17%	87,500	$20.0M	Add +33.6%
BMY Bristol-Myers Squibb Co.	0.17%	352,500	$19.9M	Add +106.7%
DHR Danaher Corp.	0.17%	85,500	$19.6M	Add +27.6%
ADP Automatic Data Processing	0.17%	66,000	$19.3M	Add +149.1%
SBUX Starbucks Corp.	0.17%	211,533	$19.3M	Add +23.3%
AMGN Amgen Inc.	0.16%	72,000	$18.8M	Add +27.4%
CL Colgate-Palmolive Co.	0.16%	204,000	$18.5M	Add +10.3%
CCEP Coca-Cola Europacific Partne	0.16%	237,500	$18.2M	New
PANW Palo Alto Networks Inc.	0.16%	100,000	$18.2M	Add +42.9%
COP Conocophillips	0.15%	177,500	$17.6M	New
FISV Fiserv Inc.	0.15%	85,000	$17.5M	Add +41.7%
CMCSA Comcast Corp. Class A	0.15%	465,000	$17.5M	Add +31.5%
ISRG Intuitive Surgical Inc.	0.15%	33,300	$17.4M	Reduce -1.5%
CDNS Cadence Design SYS Inc.	0.15%	57,500	$17.3M	Add +4.5%
DE Deere & Co.	0.15%	40,197	$17.0M	Add +45.1%
MELI MercadoLibre Inc.	0.15%	10,000	$17.0M	Add +42.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.15%	77,168	$17.0M	Add +35.0%
C Citigroup Inc.	0.14%	236,000	$16.6M	New
NKE Nike Inc. Class B	0.14%	218,646	$16.5M	Add +29.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.14%	210,000	$16.1M	Add +7.7%
GILD Gilead Sciences Inc.	0.14%	174,000	$16.1M	Add +59.6%
CMG Chipotle Mexican Grill Inc.	0.14%	265,000	$16.0M	Add +32.5%
DUK Duke Energy Corp.	0.13%	137,000	$14.8M	Add +14.2%
CTAS Cintas Corp.	0.13%	80,300	$14.7M	Add +27.9%
TEAM Atlassian Corp. Class A	0.13%	60,000	$14.6M	Add +20.0%
AFL Aflac Inc.	0.12%	140,317	$14.5M	Add +27.2%
WDAY Workday Inc. Class A	0.12%	56,216	$14.5M	Add +9.8%
DELL Dell Technologies -C	0.12%	125,000	$14.4M	Add +78.6%
RY Royal Bank of Canada	0.12%	118,249	$14.2M	Add +40.4%
AXP American Express Co.	0.12%	47,000	$13.9M	Add +74.1%
CRH CRH PLC	0.12%	150,000	$13.9M	New
SCHW Schwab (charles) Corp.	0.12%	186,971	$13.8M	Add +76.4%
MRVL Marvell Technology Inc.	0.12%	125,000	$13.8M	Add +66.7%

Show all 293 holdings

Portfolio Sells Q3 2024 → Q4 2024


USCL iShares Climate Conscious	Reduce -1.7%	19.28%	−5.02
USCA Xtrack MSCI USA Clim Act Eq	Reduce -1.8%	19.22%	−4.99
SJNK SS SPDR BB St Hi Yield ETF	Reduce -71.8%	1.18%	−4.25
AVGO Broadcom Inc.	Sold out	0.00%	−0.89
EWT iShares MSCI Taiwan ETF	Sold out	0.00%	−0.41
EWY iShares MSCI South Korea ETF	Sold out	0.00%	−0.27
EWZ iShares MSCI Brazil ETF	Sold out	0.00%	−0.24
CAT Caterpillar Inc.	Sold out	0.00%	−0.18
TXN Texas Instruments Inc.	Reduce -81.1%	0.03%	−0.17
MRO Marathon Oil Corp.	Sold out	0.00%	−0.15
MMM 3M Co.	Reduce -94.7%	0.01%	−0.14
CVS CVS Health Corp.	Sold out	0.00%	−0.11
ITW Illinois Tool Works	Sold out	0.00%	−0.11
EEM iShares MSCI Emerging Market	Sold out	0.00%	−0.11
INTC Intel Corp.	Sold out	0.00%	−0.10
AMT American Tower Corp.	Reduce -20.5%	0.09%	−0.09
BX Blackstone Inc.	Sold out	0.00%	−0.07
PLD Prologis Inc.	Reduce -29.4%	0.05%	−0.06
ED Consolidated Edison Inc.	Sold out	0.00%	−0.06
MDLZ Mondelez International Inc. Class A	Reduce -10.6%	0.07%	−0.06
SHOP Shopify Inc. Class A	Sold out	0.00%	−0.04
LII Lennox International Inc.	Reduce -34.1%	0.05%	−0.04
MNST Monster Beverage Corp.	Reduce -37.8%	0.04%	−0.04
HCA HCA Healthcare Inc.	Sold out	0.00%	−0.04
AWK American Water Works Co. Inc.	Sold out	0.00%	−0.03
ISRG Intuitive Surgical Inc.	Reduce -1.5%	0.15%	−0.03
CI The Cigna Group	Sold out	0.00%	−0.03
EVH Evolent Health Inc. Class A	Sold out	0.00%	−0.03
REXR Rexford Industrial Realty Inc.	Reduce -51.4%	0.01%	−0.03
RVTY Revvity Inc.	Reduce -17.1%	0.03%	−0.02
REG Regency Centers Corp.	Sold out	0.00%	−0.02
CHTR Charter Communications Inc. Class A	Sold out	0.00%	−0.02
ES Eversource Energy	Sold out	0.00%	−0.02
BMRN Biomarin Pharmaceutical Inc.	Sold out	0.00%	−0.02
PWR Quanta Services Inc.	Reduce -1.3%	0.06%	−0.01
SOLV Solventum Corp.	Sold out	0.00%	−0.01

Portfolio Buys Q3 2024 → Q4 2024


SPHY SS SPDR P High Yield ETF	New	5.65%	+5.65
USHY iShares Broad Usd High Yield	New	4.38%	+4.38
GOOGL Alphabet Inc. Class A	Add +50.7%	2.63%	+0.69
TSLA Tesla Inc.	Add +35.5%	1.45%	+0.57
COST Costco Wholesale Corp.	New	0.50%	+0.50
MSFT Microsoft Corp.	Add +53.6%	2.72%	+0.42
LIN Linde PLC	New	0.41%	+0.41
BLK BlackRock Inc.	New	0.41%	+0.41
AMZN Amazon.com Inc.	Add +27.2%	2.64%	+0.40
AAPL Apple Inc.	Add +34.2%	2.78%	+0.33
ACN Accenture PLC Class A	New	0.29%	+0.29
ETN Eaton Corp. PLC	New	0.27%	+0.27
V Visa Inc. Class A	Add +52.2%	0.86%	+0.24
CB Chubb Ltd.	New	0.21%	+0.21
JPM JPMorgan Chase & Co.	Add +36.9%	0.94%	+0.17
META Meta Platforms Inc. Class A	Add +37.0%	1.76%	+0.16
CCEP Coca-Cola Europacific Partne	New	0.16%	+0.16
PG The Procter & Gamble Co.	Add +107.1%	0.42%	+0.15
COP Conocophillips	New	0.15%	+0.15
C Citigroup Inc.	New	0.14%	+0.14
CRM Salesforce Inc.	Add +50.0%	0.43%	+0.13
T AT&T Inc.	Add +167.8%	0.24%	+0.13
MA Mastercard Inc. Class A	Add +42.8%	0.77%	+0.13
WFC Wells Fargo & Co.	Add +84.1%	0.28%	+0.13
CRH CRH PLC	New	0.12%	+0.12
BAC Bank of America Corp.	Add +61.9%	0.37%	+0.11
NFLX Netflix Inc.	Add +28.0%	0.49%	+0.10
FLUT Flutter Entertainment PLC-Di	New	0.10%	+0.10
BDX Becton Dickinson and Co.	New	0.10%	+0.10
ADP Automatic Data Processing	Add +149.1%	0.17%	+0.09
TT Trane Technologies PLC	New	0.08%	+0.08
CARR Carrier Global Corp.	New	0.08%	+0.08
AON Aon PLC Class A	New	0.08%	+0.08
XYZ Block Inc.	New	0.08%	+0.08
BMY Bristol-Myers Squibb Co.	Add +106.7%	0.17%	+0.07
CDW CDW Corp.	New	0.07%	+0.07
WMT Walmart Inc.	Add +32.9%	0.51%	+0.07
JCI Johnson Controls Internation	New	0.07%	+0.07
IR Ingersoll-Rand Inc.	New	0.07%	+0.07
AMAT Applied Materials Inc.	New	0.06%	+0.06
MNDY Monday.com Ltd.	New	0.06%	+0.06
MRVL Marvell Technology Inc.	Add +66.7%	0.12%	+0.06
MCHP Microchip Technology Inc.	New	0.06%	+0.06
SW Smurfit Westrock PLC	New	0.06%	+0.06
SRE Sempra	Add +133.6%	0.11%	+0.05
ROST Ross Stores Inc.	Add +311.5%	0.08%	+0.05
AER Aercap Holdings NV	New	0.05%	+0.05
NOW ServiceNow Inc.	Add +27.0%	0.32%	+0.05
CSCO Cisco Systems Inc.	Add +37.5%	0.28%	+0.05
USB US Bancorp	New	0.05%	+0.05

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