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

0$5.0B$10.0B$15.0B Q1 2024: $8.2B Q1 2024 Q2 2024: $8.6B Q2 2024 Q3 2024: $9.2B Q3 2024 Q4 2024: $11.7B Q4 2024 Q1 2025: $11.3B $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 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%
KDP Keurig Dr Pepper Inc. 0.11% 370,000 $12.7M Reduce -8.6%
AXP American Express Co. 0.11% 47,000 $12.6M No change
FCX Freeport-McMoran Inc. 0.11% 325,000 $12.3M No change
SCHW Schwab (charles) Corp. 0.11% 156,971 $12.3M Reduce -16.1%
KMI Kinder Morgan Inc. 0.11% 420,000 $12.0M Reduce -3.5%
CARR Carrier Global Corp. 0.11% 188,000 $11.9M Add +31.5%
XEL Xcel Energy Inc. 0.10% 167,000 $11.8M Add +7.4%
ROP Roper Technologies Inc. 0.10% 20,000 $11.8M No change
BDX Becton Dickinson and Co. 0.10% 50,000 $11.5M No change
CDNS Cadence Design SYS Inc. 0.10% 45,000 $11.4M Reduce -21.7%
MFC Manulife Financial Corp. 0.10% 365,000 $11.4M No change
WDAY Workday Inc. Class A 0.10% 48,716 $11.4M Reduce -13.3%
SHW The Sherwin-Williams Co. 0.10% 31,000 $10.8M No change
CMG Chipotle Mexican Grill Inc. 0.10% 215,000 $10.8M Reduce -18.9%
AON Aon PLC Class A 0.09% 26,372 $10.5M No change
STT State Street Corp. 0.09% 113,800 $10.2M No change
CL Colgate-Palmolive Co. 0.09% 108,000 $10.1M Reduce -47.1%
FTNT Fortinet Inc. 0.09% 105,000 $10.1M Reduce -22.2%
ADSK Autodesk Inc. 0.08% 36,500 $9.6M No change
MKC McCormick & Co.-Non VTG SHRS 0.08% 116,000 $9.5M Add +63.4%
OKE Oneok Inc. 0.08% 96,000 $9.5M Add +14.3%
REGN Regeneron Pharmaceuticals 0.08% 14,900 $9.4M Add +30.7%
CEG Constellation Energy 0.08% 46,500 $9.4M Add +5.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.08% 218,685 $9.1M Reduce -0.9%
PCAR Paccar Inc. 0.08% 92,500 $9.0M No change
CSX CSX Corp. 0.08% 304,000 $8.9M No change
TT Trane Technologies PLC 0.08% 26,500 $8.9M No change
MAR Marriott International Class A 0.08% 37,000 $8.8M New
HLT Hilton Worldwide Holdings Inc. 0.08% 38,500 $8.8M Reduce -14.4%
CPRT Copart Inc. 0.08% 153,000 $8.7M No change
NSC Norfolk Southern Corp. 0.08% 36,500 $8.6M No change
MRVL Marvell Technology Inc. 0.08% 140,000 $8.6M Add +12.0%
UPS United Parcel Service Class B 0.07% 77,000 $8.5M No change
JCI Johnson Controls Internation 0.07% 104,000 $8.3M No change
EEM iShares MSCI Emerging Market 0.07% 186,673 $8.2M New
GM General Motors Co. 0.07% 173,000 $8.1M Add +73.0%
TSCO Tractor Supply Company 0.07% 147,525 $8.1M Add +31.1%
CTSH Cognizant Tech Solutions-A 0.07% 106,200 $8.1M Add +129.9%
ABNB Airbnb Inc. Class A 0.07% 67,500 $8.1M Reduce -32.5%
VRSK Verisk Analytics Inc. 0.07% 26,000 $7.7M No change
RCL Royal Caribbean Cruises Ltd. 0.07% 37,500 $7.7M Add +200.0%
CMI Cummins Inc. 0.07% 24,500 $7.7M No change
FANG Diamondback Energy Inc. 0.07% 48,000 $7.7M Add +28.0%
XBI SS SPDR S&P Biotech ETF 0.06% 90,329 $7.3M No change
VEEV Veeva Systems Inc. Class A 0.06% 31,533 $7.3M No change
YUM Yum! Brands Inc. 0.06% 45,000 $7.1M Add +50.0%
SNOW Snowflake Inc. 0.06% 48,000 $7.0M Add +220.0%
EXC Exelon Corp. 0.06% 150,000 $6.9M Add +108.3%
IR Ingersoll-Rand Inc. 0.06% 86,000 $6.9M No change
FIS Fidelity National Info Serv 0.06% 91,000 $6.8M No change
HES Hess Corp. 0.06% 42,200 $6.7M Add +6.3%
PYPL PayPal Holdings Inc. 0.06% 103,270 $6.7M No change
PLD Prologis Inc. 0.06% 60,000 $6.7M No change
BKR Baker Hughes Co. 0.06% 152,500 $6.7M Add +9.7%
NI Nisource Inc. 0.06% 166,000 $6.7M Add +13.7%
AER Aercap Holdings NV 0.06% 65,000 $6.6M No change
ATO Atmos Energy Corp. 0.06% 42,500 $6.6M No change
PAYX Paychex Inc. 0.06% 42,500 $6.6M No change
D Dominion Energy Inc. 0.06% 116,000 $6.5M No change
TGT Target Corp. 0.06% 62,000 $6.5M Add +17.0%
TSM Taiwan Semiconductor-SP ADR 0.06% 38,150 $6.3M No change
AMT American Tower Corp. 0.06% 28,949 $6.3M Reduce -49.2%
FLUT Flutter Entertainment PLC-Di 0.05% 28,000 $6.2M Reduce -37.8%
PEG Public Service Enterprise GP 0.05% 74,000 $6.1M Reduce -14.9%
PWR Quanta Services Inc. 0.05% 23,700 $6.0M No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 600,000 $6.0M New
PRU Prudential Financial Inc. 0.05% 53,798 $6.0M No change
XYZ Block Inc. 0.05% 110,000 $6.0M No change
IWM iShares Russell 2000 ETF 0.05% 29,681 $5.9M No change
NEM Newmont Corp. 0.05% 122,000 $5.9M No change
RY Royal Bank of Canada 0.05% 51,249 $5.8M Reduce -56.7%
TEAM Atlassian Corp. Class A 0.05% 27,000 $5.7M Reduce -55.0%
NET Cloudflare Inc. Class A 0.05% 50,000 $5.6M New
SW Smurfit Westrock PLC 0.05% 125,046 $5.6M No change
LNT Alliant Energy Corp. 0.05% 86,000 $5.5M Add +152.9%
BN Brookfield Corp. 0.05% 105,000 $5.5M Reduce -48.8%
IT Gartner Inc. 0.05% 12,500 $5.2M Reduce -16.7%
EBAY eBay Inc. 0.04% 75,000 $5.1M New
EQIX Equinix Inc. 0.04% 6,200 $5.1M No change
SPG Simon Property Group Inc. 0.04% 30,100 $5.0M No change
LII Lennox International Inc. 0.04% 8,900 $5.0M No change
ROK Rockwell Automation Inc. 0.04% 19,000 $4.9M No change
DD Dupont DE Nemours Inc. 0.04% 65,000 $4.9M No change
MNST Monster Beverage Corp. 0.04% 82,435 $4.8M No change
EW Edwards Lifesciences Corp. 0.04% 66,000 $4.8M No change
USB US Bancorp 0.04% 113,000 $4.8M No change
ANSS Ansys Inc. 0.04% 15,000 $4.7M Reduce -40.0%
DLR Digital Realty Trust Inc. 0.04% 32,600 $4.7M No change
HUBS HubSpot Inc. 0.04% 8,000 $4.6M Reduce -52.9%
DELL Dell Technologies -C 0.04% 50,000 $4.6M Reduce -60.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 63,600 $4.6M No change
LULU Lululemon Athletica Inc. 0.04% 15,000 $4.2M Reduce -25.0%
PPG PPG Industries Inc. 0.04% 38,500 $4.2M Add +35.1%
CTVA Corteva Inc. 0.04% 65,000 $4.1M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 4,079 $4.0M No change
AVB Avalonbay Communities Inc. 0.04% 18,500 $4.0M No change
WELL Welltower Inc. 0.03% 25,500 $3.9M No change
GOOG Alphabet Inc. Class C 0.03% 25,000 $3.9M No change
AME Ametek Inc. 0.03% 22,000 $3.8M No change
DKS Dick's Sporting Goods Inc. 0.03% 17,850 $3.6M No change
RVTY Revvity Inc. 0.03% 34,000 $3.6M No change
INVH Invitation Homes Inc. 0.03% 101,000 $3.5M No change
MAC The Macerich Co. 0.03% 203,500 $3.5M No change
HAL Halliburton Co. 0.03% 132,744 $3.4M Reduce -16.4%
UDR Udr Inc. 0.03% 74,000 $3.3M No change
HPE Hewlett Packard Enterprise 0.03% 215,000 $3.3M New
ODFL Old Dominion Freight Line 0.03% 20,000 $3.3M No change
PSA Public Storage 0.03% 11,000 $3.3M No change
BIIB Biogen Inc. 0.03% 24,000 $3.3M No change
CHKP Check Point Software Tech 0.03% 14,172 $3.2M No change
VLO Valero Energy Corp. 0.03% 24,308 $3.2M No change
EXAS Exact Sciences Corp. 0.03% 74,000 $3.2M No change
WSM Williams-Sonoma Inc. 0.03% 20,000 $3.2M New
O Realty Income Corp. 0.03% 54,000 $3.1M No change
FAST Fastenal Co. 0.03% 40,353 $3.1M No change
BF.B Brown-Forman Corp. Class B 0.03% 91,681 $3.1M No change
BXP BXP Inc. 0.03% 45,430 $3.1M No change
SRE Sempra 0.03% 42,000 $3.0M Reduce -71.9%
ZS Zscaler Inc. 0.03% 15,000 $3.0M Reduce -75.0%
FWONK Liberty Media Corp. Class C 0.03% 33,000 $3.0M New
PINS Pinterest Inc. Class A 0.03% 95,000 $2.9M New
IDXX Idexx Laboratories Inc. 0.03% 7,000 $2.9M No change
TXN Texas Instruments Inc. 0.03% 16,285 $2.9M No change
FDX FedEx Corp. 0.03% 12,000 $2.9M No change
LVS Las Vegas Sands Corp. 0.03% 75,000 $2.9M No change
MLM Martin Marietta Materials 0.03% 6,000 $2.9M No change
XYL Xylem Inc. 0.03% 24,000 $2.9M No change
OKTA Okta Inc. 0.03% 27,000 $2.8M Reduce -64.0%
NTES Netease Inc.-ADR 0.03% 27,452 $2.8M No change
DECK Deckers Outdoor Corp. 0.02% 25,000 $2.8M New
ULTA Ulta Beauty Inc. 0.02% 7,500 $2.7M Reduce -62.5%
A Agilent Technologies Inc. 0.02% 23,000 $2.7M No change
FFIV F5 Inc. 0.02% 10,000 $2.7M New
IQV Iqvia Holdings Inc. 0.02% 15,000 $2.6M No change
DOV Dover Corp. 0.02% 15,000 $2.6M No change
TRMB Trimble Inc. 0.02% 40,000 $2.6M New
HUM Humana Inc. 0.02% 9,500 $2.5M No change
TWLO Twilio Inc. Class A 0.02% 25,000 $2.4M New
NUE Nucor Corp. 0.02% 20,000 $2.4M No change
CUZ Cousins Properties Inc. 0.02% 81,500 $2.4M No change
GEN Gen Digital Inc. 0.02% 90,000 $2.4M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.02% 41,508 $2.3M No change
VLTO Veralto Corp. 0.02% 24,000 $2.3M No change
PTC PTC Inc. 0.02% 15,000 $2.3M No change
HUBB Hubbell Inc. 0.02% 7,000 $2.3M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 70,000 $2.3M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.02% 23,701 $2.3M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 34,000 $2.2M Add +88.9%
ELV Elevance Health Inc. 0.02% 5,100 $2.2M No change
PNR Pentair PLC 0.02% 25,000 $2.2M No change
SWK Stanley Black & Decker Inc. 0.02% 28,000 $2.2M No change
EXPD Expeditors Intl Wash Inc. 0.02% 17,898 $2.2M No change
HIW Highwoods Properties Inc. 0.02% 70,000 $2.1M No change
TD Toronto-Dominion Bank 0.02% 34,383 $2.1M No change
EXR Extra Space Storage Inc. 0.02% 13,700 $2.0M No change
AKAM Akamai Technologies Inc. 0.02% 25,000 $2.0M New
AMG Affiliated Managers Group 0.02% 11,745 $2.0M No change
OC Owens Corning 0.02% 13,500 $1.9M No change
PAYC Paycom Software Inc. 0.02% 8,500 $1.9M Reduce -73.8%
VTR Ventas Inc. 0.02% 27,000 $1.9M No change
ROST Ross Stores Inc. 0.02% 14,446 $1.8M Reduce -75.7%
KRC Kilroy Realty Corp. 0.02% 55,000 $1.8M No change
KIM Kimco Realty Corp. 0.02% 84,500 $1.8M No change
ARE Alexandria Real Estate Equit 0.02% 18,700 $1.7M No change
MANH Manhattan Associates Inc. 0.02% 10,000 $1.7M New
BBY Best Buy Co. Inc. 0.01% 22,211 $1.6M No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.01% 11,700 $1.5M No change
FTI Technipfmc PLC 0.01% 47,040 $1.5M No change
SNAP Snap Inc. Class A 0.01% 165,000 $1.4M New
REXR Rexford Industrial Realty Inc. 0.01% 34,000 $1.3M No change
CHRW C.H. Robinson Worldwide Inc. 0.01% 12,937 $1.3M No change
EPAM Epam Systems Inc. 0.01% 7,500 $1.3M No change
FSLR First Solar Inc. 0.01% 10,000 $1.3M No change
WYNN WYNN Resorts Ltd. 0.01% 15,000 $1.3M New
SBRA Sabra Health Care REIT Inc. 0.01% 70,000 $1.2M No change
VNO Vornado Realty Trust 0.01% 32,000 $1.2M No change
COLD Americold Realty Trust Inc. 0.01% 55,000 $1.2M No change
JXN Jackson Financial Inc. Class A 0.01% 13,638 $1.1M No change
RHI Robert Half Inc. 0.01% 19,432 $1.1M No change
MGM MGM Resorts International 0.01% 35,000 $1.0M New
MPT Medical Properties Trust Inc. 0.01% 168,900 $1.0M No change
BSY Bentley Systems Inc. Class B 0.01% 25,000 $984K New
OHI Omega Healthcare Investors 0.01% 25,000 $952K No change
DLTR Dollar Tree Inc. 0.01% 12,282 $922K No change
STZ Constellation Brands Inc. Class A 0.01% 5,000 $918K Reduce -63.0%
RLJ RLJ Lodging Trust 0.01% 100,000 $789K No change
MMM 3M Co. 0.01% 5,309 $780K No change
SAFE Safehold Inc. 0.01% 40,000 $749K No change
ILMN Illumina Inc. 0.01% 9,000 $714K No change
HST Host Hotels & Resorts Inc. 0.01% 50,000 $711K No change
SLG SL Green Realty Corp. 0.01% 11,000 $635K No change
PDM Piedmont Realty Trust Inc. 0.01% 86,000 $634K No change
ESS Essex Property Trust Inc. 0.01% 2,000 $613K No change
JBGS JBG Smith Properties 0.00% 32,000 $516K No change
JWN Nordstrom Inc. 0.00% 19,773 $483K No change
HUDSON PAC PPTYS INC 0.00% 163,000 $481K No change
PII Polaris Inc. 0.00% 11,506 $471K No change
EPR Epr Properties filed as EPR PPTYS 0.00% 7,500 $395K No change
AAP Advance Auto Parts Inc. 0.00% 5,603 $220K No change
PK Park Hotels & Resorts Inc. 0.00% 20,000 $214K No change
APLE Apple Hospitality REIT Inc. 0.00% 15,000 $194K No change

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

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