Ilmarinen Mutual Pension Insurance Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 20, 2025), Ilmarinen Mutual Pension Insurance Co reported 301 stock positions worth $11.3 billion. Its top holding was iShares Climate Conscious (USCL) at 19.1% of the portfolio, followed by Xtrack MSCI USA Clim Act Eq (USCA, 19.1%) and SS SPDR P High Yield ETF (SPHY, 6.4%). Compared with Q4 2024, it opened 20 new positions, sold out of 12, added to 67 and reduced 55. The biggest buy was iShares Broad Usd High Yield (USHY, shares +24%) and the biggest sale an exit from SS SPDR BB St Hi Yield ETF (SJNK).
- Most Recent 13F
- Q2 2026
- Location
- HELSINKI, H9
- CIK
- 0001661580
- Portfolio Value
- $11.3B (Q1 2025)
- SEC Filing
- 0001661580-25-000005 ↗ filed May 20, 2025
Holdings Value
Holdings 301 stocks · $11.3B
| USCL iShares Climate Conscious | 19.12% | 32,134,268 | $2.2B | Add +0.5% |
| USCA Xtrack MSCI USA Clim Act Eq | 19.08% | 60,912,999 | $2.2B | Add +0.7% |
| SPHY SS SPDR P High Yield ETF | 6.39% | 30,800,000 | $721.3M | Add +9.6% |
| USHY iShares Broad Usd High Yield | 5.60% | 17,180,000 | $632.4M | Add +23.8% |
| AAPL Apple Inc. | 2.51% | 1,275,000 | $283.2M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.42% | 728,419 | $273.4M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 2.25% | 1,337,716 | $254.5M | Reduce -4.6% |
| GOOGL Alphabet Inc. Class A | 2.20% | 1,609,888 | $249.0M | Reduce -0.6% |
| NVDA Nvidia Corp. | 2.12% | 2,205,340 | $239.0M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 1.79% | 351,500 | $202.6M | No change |
| TSLA Tesla Inc. | 1.03% | 450,000 | $116.6M | Add +7.1% |
| V Visa Inc. Class A | 1.01% | 324,160 | $113.6M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 0.99% | 457,869 | $112.3M | No change |
| LLY Eli Lilly & Co. | 0.93% | 127,600 | $105.4M | Add +4.1% |
| IYR iShares US Real Estate ETF | 0.89% | 1,047,977 | $100.3M | Add +9.5% |
| MA Mastercard Inc. Class A | 0.83% | 170,225 | $93.3M | No change |
| UNH Unitedhealth Group Inc. | 0.76% | 163,600 | $85.7M | Add +2.0% |
| XOM Exxon Mobil Corp. | 0.71% | 675,000 | $80.3M | Add +7.1% |
| PG The Procter & Gamble Co. | 0.60% | 397,500 | $67.7M | Add +37.1% |
| COST Costco Wholesale Corp. | 0.57% | 67,700 | $64.0M | Add +5.8% |
| NFLX Netflix Inc. | 0.56% | 67,300 | $62.8M | Add +5.2% |
| HD Home Depot Inc. | 0.54% | 166,096 | $60.9M | Add +9.2% |
| JNJ Johnson & Johnson | 0.54% | 366,600 | $60.8M | Add +2.8% |
| WMT Walmart Inc. | 0.54% | 691,500 | $60.7M | Add +4.7% |
| ABBV Abbvie Inc. | 0.51% | 277,500 | $58.1M | No change |
| LIN Linde PLC | 0.48% | 115,270 | $53.7M | No change |
| PGR Progressive Corp. | 0.47% | 186,595 | $52.8M | No change |
| CVX Chevron Corp. | 0.45% | 307,000 | $51.4M | Add +3.2% |
| KO The Coca-Cola Co. | 0.45% | 715,000 | $51.2M | Reduce -0.7% |
| MRSH Marsh & McLennan Cos | 0.44% | 205,900 | $50.2M | Add +12.0% |
| BLK BlackRock Inc. | 0.39% | 46,603 | $44.1M | No change |
| ORCL Oracle Corp. | 0.37% | 301,087 | $42.1M | Add +13.2% |
| MCD McDonald's Corp. | 0.37% | 134,397 | $42.0M | Reduce -7.3% |
| CRM Salesforce Inc. | 0.37% | 156,000 | $41.9M | Add +4.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 163,168 | $40.6M | Add +111.5% |
| CSCO Cisco Systems Inc. | 0.36% | 650,000 | $40.1M | Add +18.2% |
| ABT Abbott Laboratories | 0.34% | 289,500 | $38.4M | Add +9.4% |
| T AT&T Inc. | 0.33% | 1,314,000 | $37.2M | Add +9.1% |
| MRK Merck & Co. Inc. | 0.32% | 403,000 | $36.2M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 856,620 | $35.7M | Reduce -11.8% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 67,300 | $33.5M | Add +5.3% |
| CME Cme Group Inc. | 0.29% | 122,611 | $32.5M | Add +10.8% |
| INTU Intuit Inc. | 0.28% | 52,324 | $32.1M | Reduce -14.7% |
| ACN Accenture PLC Class A | 0.28% | 102,500 | $32.0M | Add +7.9% |
| NOW ServiceNow Inc. | 0.28% | 39,784 | $31.7M | Add +12.8% |
| TMUS T-Mobile US Inc. | 0.27% | 114,347 | $30.5M | Reduce -5.4% |
| ADBE Adobe Inc. | 0.26% | 76,951 | $29.5M | Reduce -3.1% |
| VZ Verizon Communications Inc. | 0.26% | 638,500 | $29.0M | Add +6.4% |
| WFC Wells Fargo & Co. | 0.25% | 396,500 | $28.5M | Reduce -15.6% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 335,000 | $28.3M | Add +235.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 285,000 | $28.1M | Add +4.6% |
| QCOM Qualcomm Inc. | 0.24% | 180,000 | $27.6M | Add +5.9% |
| CB Chubb Ltd. | 0.24% | 90,271 | $27.3M | No change |
| ICE Intercontinental Exchange Inc. | 0.24% | 157,800 | $27.2M | No change |
| MCK McKesson Corp. | 0.24% | 40,428 | $27.2M | No change |
| AMD Advanced Micro Devices | 0.24% | 262,000 | $26.9M | Reduce -4.7% |
| BSX Boston Scientific Corp. | 0.23% | 263,000 | $26.5M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.23% | 76,100 | $26.3M | No change |
| NEE Nextera Energy Inc. | 0.23% | 359,356 | $25.5M | Add +5.9% |
| PFE Pfizer Inc. | 0.22% | 982,000 | $24.9M | No change |
| PEP Pepsico Inc. | 0.22% | 163,000 | $24.4M | Reduce -17.1% |
| BKNG Booking Holdings Inc. | 0.21% | 5,150 | $23.7M | Add +14.4% |
| ETN Eaton Corp. PLC | 0.21% | 85,600 | $23.3M | Reduce -10.0% |
| AMGN Amgen Inc. | 0.20% | 72,000 | $22.4M | No change |
| GILD Gilead Sciences Inc. | 0.19% | 195,000 | $21.9M | Add +12.1% |
| SBUX Starbucks Corp. | 0.19% | 221,533 | $21.7M | Add +4.7% |
| BMY Bristol-Myers Squibb Co. | 0.19% | 352,500 | $21.5M | No change |
| UBER Uber Technologies Inc. | 0.19% | 290,000 | $21.1M | Reduce -15.9% |
| UNP Union Pacific Corp. | 0.18% | 87,500 | $20.7M | No change |
| ADP Automatic Data Processing | 0.18% | 66,000 | $20.2M | No change |
| EMR Emerson Electric Co. | 0.17% | 178,500 | $19.6M | No change |
| DHR Danaher Corp. | 0.17% | 94,500 | $19.4M | Add +10.5% |
| SO The Southern Co. | 0.17% | 210,000 | $19.3M | Add +33.8% |
| DE Deere & Co. | 0.17% | 40,197 | $18.9M | No change |
| FISV Fiserv Inc. | 0.17% | 85,000 | $18.8M | No change |
| PANW Palo Alto Networks Inc. | 0.17% | 110,000 | $18.8M | Add +10.0% |
| COP Conocophillips | 0.16% | 176,000 | $18.5M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 0.16% | 33,159 | $18.1M | Reduce -8.4% |
| MS Morgan Stanley | 0.16% | 151,984 | $17.7M | Reduce -36.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.16% | 210,000 | $17.6M | No change |
| DUK Duke Energy Corp. | 0.15% | 140,000 | $17.1M | Add +2.2% |
| CMCSA Comcast Corp. Class A | 0.15% | 451,500 | $16.7M | Reduce -2.9% |
| CTAS Cintas Corp. | 0.15% | 80,300 | $16.5M | No change |
| ISRG Intuitive Surgical Inc. | 0.15% | 33,300 | $16.5M | No change |
| MDLZ Mondelez International Inc. Class A | 0.14% | 240,000 | $16.3M | Add +66.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.14% | 33,300 | $16.1M | Add +17.7% |
| ADI Analog Devices Inc. | 0.14% | 80,000 | $16.1M | Add +166.7% |
| AFL Aflac Inc. | 0.14% | 140,317 | $15.6M | No change |
| WCN Waste Connections Inc. | 0.14% | 78,500 | $15.3M | Add +65.3% |
| WM Waste Management Inc. | 0.13% | 65,000 | $15.0M | Add +62.5% |
| SNPS Synopsys Inc. | 0.13% | 33,746 | $14.5M | Reduce -37.2% |
| CCEP Coca-Cola Europacific Partne | 0.13% | 165,000 | $14.4M | Reduce -30.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 40,000 | $14.1M | No change |
| ECL Ecolab Inc. | 0.12% | 55,200 | $14.0M | No change |
| RSG Republic Services Inc. | 0.12% | 57,500 | $13.9M | No change |
| SPGI S&P Global Inc. | 0.12% | 27,064 | $13.8M | No change |
| ZTS Zoetis Inc. | 0.12% | 83,000 | $13.7M | No change |
| MELI MercadoLibre Inc. | 0.12% | 7,000 | $13.7M | Reduce -30.0% |
| NKE Nike Inc. Class B | 0.12% | 206,646 | $13.1M | Reduce -5.5% |
| C Citigroup Inc. | 0.11% | 181,000 | $12.8M | Reduce -23.3% |
Portfolio Sells Q4 2024 → Q1 2025
| SJNK SS SPDR BB St Hi Yield ETF | Sold out | 0.00% | −1.18 |
| NVDA Nvidia Corp. | Reduce -3.9% | 2.12% | −0.53 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 2.20% | −0.42 |
| AMZN Amazon.com Inc. | Reduce -4.6% | 2.25% | −0.38 |
| MSFT Microsoft Corp. | Reduce -3.1% | 2.42% | −0.30 |
| AAPL Apple Inc. | Reduce -1.5% | 2.51% | −0.27 |
| CRH CRH PLC | Sold out | 0.00% | −0.12 |
| MS Morgan Stanley | Reduce -36.3% | 0.16% | −0.10 |
| SNPS Synopsys Inc. | Reduce -37.2% | 0.13% | −0.10 |
| SRE Sempra | Reduce -71.9% | 0.03% | −0.09 |
| DELL Dell Technologies -C | Reduce -60.0% | 0.04% | −0.08 |
| CDW CDW Corp. | Sold out | 0.00% | −0.07 |
| TEAM Atlassian Corp. Class A | Reduce -55.0% | 0.05% | −0.07 |
| RY Royal Bank of Canada | Reduce -56.7% | 0.05% | −0.07 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.07 |
| CL Colgate-Palmolive Co. | Reduce -47.1% | 0.09% | −0.07 |
| ZS Zscaler Inc. | Reduce -75.0% | 0.03% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -10.0% | 0.21% | −0.06 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.06 |
| HUBS HubSpot Inc. | Reduce -52.9% | 0.04% | −0.06 |
| ROST Ross Stores Inc. | Reduce -75.7% | 0.02% | −0.06 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.06 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.06 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.06 |
| BN Brookfield Corp. | Reduce -48.8% | 0.05% | −0.05 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.05 |
| ULTA Ulta Beauty Inc. | Reduce -62.5% | 0.02% | −0.05 |
| BAC Bank of America Corp. | Reduce -11.8% | 0.32% | −0.05 |
| WK Workiva Inc. | Sold out | 0.00% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -21.7% | 0.10% | −0.05 |
| AMD Advanced Micro Devices | Reduce -4.7% | 0.24% | −0.05 |
| INTU Intuit Inc. | Reduce -14.7% | 0.28% | −0.05 |
| FLUT Flutter Entertainment PLC-Di | Reduce -37.8% | 0.05% | −0.04 |
| ADBE Adobe Inc. | Reduce -3.1% | 0.26% | −0.04 |
| CMG Chipotle Mexican Grill Inc. | Reduce -18.9% | 0.10% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -32.5% | 0.07% | −0.04 |
| PAYC Paycom Software Inc. | Reduce -73.8% | 0.02% | −0.04 |
| PEP Pepsico Inc. | Reduce -17.1% | 0.22% | −0.04 |
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −0.04 |
| AMT American Tower Corp. | Reduce -49.2% | 0.06% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -15.6% | 0.25% | −0.03 |
| ANSS Ansys Inc. | Reduce -40.0% | 0.04% | −0.03 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.03 |
| CCEP Coca-Cola Europacific Partne | Reduce -30.5% | 0.13% | −0.03 |
| C Citigroup Inc. | Reduce -23.3% | 0.11% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -25.0% | 0.04% | −0.03 |
| NKE Nike Inc. Class B | Reduce -5.5% | 0.12% | −0.03 |
| OKTA Okta Inc. | Reduce -64.0% | 0.03% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -30.0% | 0.12% | −0.02 |
| WDAY Workday Inc. Class A | Reduce -13.3% | 0.10% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| USHY iShares Broad Usd High Yield | Add +23.8% | 5.60% | +1.22 |
| SPHY SS SPDR P High Yield ETF | Add +9.6% | 6.39% | +0.73 |
| IBM Intl Business Machines Corp. | Add +111.5% | 0.36% | +0.21 |
| PLTR Palantir Technologies Inc. Class A | Add +235.0% | 0.25% | +0.19 |
| PG The Procter & Gamble Co. | Add +37.1% | 0.60% | +0.18 |
| V Visa Inc. Class A | Add +1.9% | 1.01% | +0.14 |
| XOM Exxon Mobil Corp. | Add +7.1% | 0.71% | +0.13 |
| IYR iShares US Real Estate ETF | Add +9.5% | 0.89% | +0.12 |
| LLY Eli Lilly & Co. | Add +4.1% | 0.93% | +0.12 |
| MRSH Marsh & McLennan Cos | Add +12.0% | 0.44% | +0.11 |
| JNJ Johnson & Johnson | Add +2.8% | 0.54% | +0.10 |
| T AT&T Inc. | Add +9.1% | 0.33% | +0.09 |
| ADI Analog Devices Inc. | Add +166.7% | 0.14% | +0.09 |
| CVX Chevron Corp. | Add +3.2% | 0.45% | +0.09 |
| ABT Abbott Laboratories | Add +9.4% | 0.34% | +0.08 |
| MAR Marriott International Class A | New | 0.08% | +0.08 |
| CSCO Cisco Systems Inc. | Add +18.2% | 0.36% | +0.08 |
| EEM iShares MSCI Emerging Market | New | 0.07% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Add +66.7% | 0.14% | +0.07 |
| CME Cme Group Inc. | Add +10.8% | 0.29% | +0.07 |
| NFLX Netflix Inc. | Add +5.2% | 0.56% | +0.07 |
| WCN Waste Connections Inc. | Add +65.3% | 0.14% | +0.07 |
| COST Costco Wholesale Corp. | Add +5.8% | 0.57% | +0.06 |
| WM Waste Management Inc. | Add +62.5% | 0.13% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +2.0% | 0.76% | +0.06 |
| SO The Southern Co. | Add +33.8% | 0.17% | +0.06 |
| GILD Gilead Sciences Inc. | Add +12.1% | 0.19% | +0.06 |
| F Ford Motor Co. | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | Add +6.4% | 0.26% | +0.05 |
| NET Cloudflare Inc. Class A | New | 0.05% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +17.7% | 0.14% | +0.05 |
| EBAY eBay Inc. | New | 0.04% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +200.0% | 0.07% | +0.04 |
| SNOW Snowflake Inc. | Add +220.0% | 0.06% | +0.04 |
| CTSH Cognizant Tech Solutions-A | Add +129.9% | 0.07% | +0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Add +63.4% | 0.08% | +0.04 |
| EXC Exelon Corp. | Add +108.3% | 0.06% | +0.04 |
| LNT Alliant Energy Corp. | Add +152.9% | 0.05% | +0.03 |
| HD Home Depot Inc. | Add +9.2% | 0.54% | +0.03 |
| HPE Hewlett Packard Enterprise | New | 0.03% | +0.03 |
| YUM Yum! Brands Inc. | Add +50.0% | 0.06% | +0.03 |
| WSM Williams-Sonoma Inc. | New | 0.03% | +0.03 |
| SBUX Starbucks Corp. | Add +4.7% | 0.19% | +0.03 |
| GM General Motors Co. | Add +73.0% | 0.07% | +0.03 |
| FWONK Liberty Media Corp. Class C | New | 0.03% | +0.03 |
| PINS Pinterest Inc. Class A | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +4.7% | 0.54% | +0.03 |
| DECK Deckers Outdoor Corp. | New | 0.02% | +0.02 |
| DUK Duke Energy Corp. | Add +2.2% | 0.15% | +0.02 |
| FFIV F5 Inc. | New | 0.02% | +0.02 |
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 |