Ilmarinen Mutual Pension Insurance Co

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Ilmarinen Mutual Pension Insurance Co reported 295 stock positions worth $12.4 billion. Its top holding was iShares Climate Conscious (USCL) at 19.6% of the portfolio, followed by Xtrack MSCI USA Clim Act Eq (USCA, 19.6%) and SS SPDR P High Yield ETF (SPHY, 5.4%). Compared with Q1 2025, it opened 17 new positions, sold out of 23, added to 94 and reduced 34. The biggest buy was Nvidia (NVDA, shares +23%) and the biggest sale an exit from Apple (AAPL).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001661580
Portfolio Value
$12.4B (Q2 2025)
SEC Filing
0001661580-25-000006 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $12.4B $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 295 stocks · $12.4B
USCL iShares Climate Conscious 19.60% 32,992,268 $2.4B Add +2.7%
USCA Xtrack MSCI USA Clim Act Eq 19.55% 62,536,796 $2.4B Add +2.7%
SPHY SS SPDR P High Yield ETF 5.41% 28,250,000 $672.4M Reduce -8.3%
USHY iShares Broad Usd High Yield 5.15% 17,080,000 $640.7M Reduce -0.6%
NVDA Nvidia Corp. 3.46% 2,723,340 $430.3M Add +23.5%
MSFT Microsoft Corp. 3.15% 786,919 $391.4M Add +8.0%
AMZN Amazon.com Inc. 2.31% 1,310,216 $287.4M Reduce -2.1%
GOOGL Alphabet Inc. Class A 2.29% 1,614,888 $284.6M Add +0.3%
META Meta Platforms Inc. Class A 2.16% 364,500 $269.0M Add +3.7%
TSLA Tesla Inc. 1.15% 449,500 $142.8M Reduce -0.1%
JPM JPMorgan Chase & Co. 1.07% 457,869 $132.7M No change
V Visa Inc. Class A 0.91% 317,660 $112.8M Reduce -2.0%
LLY Eli Lilly & Co. 0.90% 144,100 $112.3M Add +12.9%
MA Mastercard Inc. Class A 0.75% 166,025 $93.3M Reduce -2.5%
NFLX Netflix Inc. 0.73% 68,000 $91.1M Add +1.0%
ORCL Oracle Corp. 0.67% 381,587 $83.4M Add +26.7%
XOM Exxon Mobil Corp. 0.66% 765,000 $82.5M Add +13.3%
IYR iShares US Real Estate ETF 0.65% 854,977 $81.0M Reduce -18.4%
PG The Procter & Gamble Co. 0.58% 451,000 $71.9M Add +13.5%
WMT Walmart Inc. 0.57% 730,000 $71.4M Add +5.6%
HD Home Depot Inc. 0.52% 176,096 $64.6M Add +6.0%
JNJ Johnson & Johnson 0.52% 422,600 $64.6M Add +15.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.51% 1,335,620 $63.2M Add +55.9%
PLTR Palantir Technologies Inc. Class A 0.50% 458,500 $62.5M Add +36.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 202,668 $59.7M Add +24.2%
KO The Coca-Cola Co. 0.47% 831,000 $58.8M Add +16.2%
CSCO Cisco Systems Inc. 0.47% 835,000 $57.9M Add +28.5%
ABBV Abbvie Inc. 0.47% 311,500 $57.8M Add +12.3%
UNH Unitedhealth Group Inc. 0.45% 180,600 $56.3M Add +10.4%
CRM Salesforce Inc. 0.45% 205,000 $55.9M Add +31.4%
NOW ServiceNow Inc. 0.40% 48,784 $50.2M Add +22.6%
BLK BlackRock Inc. 0.40% 47,653 $50.0M Add +2.3%
INTU Intuit Inc. 0.39% 61,324 $48.3M Add +17.2%
AMD Advanced Micro Devices 0.39% 338,500 $48.0M Add +29.2%
ABT Abbott Laboratories 0.34% 307,500 $41.8M Add +6.2%
MCD McDonald's Corp. 0.33% 138,397 $40.4M Add +3.0%
ACN Accenture PLC Class A 0.32% 133,500 $39.9M Add +30.2%
CVX Chevron Corp. 0.32% 278,500 $39.9M Reduce -9.3%
MRSH Marsh & McLennan Cos 0.32% 180,500 $39.5M Reduce -12.3%
T AT&T Inc. 0.31% 1,325,000 $38.3M Add +0.8%
ADBE Adobe Inc. 0.30% 96,951 $37.5M Add +26.0%
PGR Progressive Corp. 0.30% 139,395 $37.2M Reduce -25.3%
QCOM Qualcomm Inc. 0.30% 233,000 $37.1M Add +29.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 285,000 $35.3M No change
MS Morgan Stanley 0.28% 244,984 $34.5M Add +61.2%
MRK Merck & Co. Inc. 0.28% 433,000 $34.3M Add +7.4%
CAT Caterpillar Inc. 0.27% 87,000 $33.8M New
WFC Wells Fargo & Co. 0.26% 396,500 $31.8M No change
NEE Nextera Energy Inc. 0.25% 450,356 $31.3M Add +25.3%
GS Goldman Sachs Group Inc. 0.25% 44,159 $31.3M Add +33.2%
ETN Eaton Corp. PLC 0.25% 85,600 $30.6M No change
BKNG Booking Holdings Inc. 0.24% 5,150 $29.8M No change
MCK McKesson Corp. 0.24% 40,428 $29.6M No change
VZ Verizon Communications Inc. 0.24% 683,500 $29.6M Add +7.0%
PANW Palo Alto Networks Inc. 0.24% 144,500 $29.6M Add +31.4%
TMO Thermo Fisher Scientific Inc. 0.23% 70,800 $28.7M Add +5.2%
BSX Boston Scientific Corp. 0.23% 263,000 $28.2M No change
ICE Intercontinental Exchange Inc. 0.22% 147,800 $27.1M Reduce -6.3%
UBER Uber Technologies Inc. 0.22% 290,000 $27.1M No change
AMGN Amgen Inc. 0.21% 94,000 $26.2M Add +30.6%
TMUS T-Mobile US Inc. 0.21% 108,847 $25.9M Reduce -4.8%
CME Cme Group Inc. 0.21% 93,611 $25.8M Reduce -23.6%
ADI Analog Devices Inc. 0.21% 108,000 $25.7M Add +35.0%
DHR Danaher Corp. 0.21% 129,500 $25.6M Add +37.0%
CRWD CrowdStrike Holdings Inc. Class A 0.20% 49,000 $25.0M Add +22.5%
CB Chubb Ltd. 0.20% 85,371 $24.7M Reduce -5.4%
GILD Gilead Sciences Inc. 0.19% 216,000 $23.9M Add +10.8%
PFE Pfizer Inc. 0.19% 982,000 $23.8M No change
PEP Pepsico Inc. 0.19% 176,500 $23.3M Add +8.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.18% 68,100 $21.8M Reduce -10.5%
SCHW Schwab (charles) Corp. 0.17% 233,971 $21.3M Add +49.0%
C Citigroup Inc. 0.17% 246,000 $20.9M Add +35.9%
SO The Southern Co. 0.17% 228,000 $20.9M Add +8.6%
SNPS Synopsys Inc. 0.17% 40,746 $20.9M Add +20.7%
DE Deere & Co. 0.16% 40,197 $20.4M No change
ADP Automatic Data Processing 0.16% 66,000 $20.4M No change
SBUX Starbucks Corp. 0.16% 221,533 $20.3M No change
CMCSA Comcast Corp. Class A 0.16% 568,500 $20.3M Add +25.9%
UNP Union Pacific Corp. 0.16% 87,500 $20.1M No change
VRTX Vertex Pharmaceuticals Inc. 0.16% 44,800 $19.9M Add +34.5%
MELI MercadoLibre Inc. 0.16% 7,450 $19.5M Add +6.4%
DUK Duke Energy Corp. 0.16% 165,000 $19.5M Add +17.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.15% 210,000 $19.1M No change
EMR Emerson Electric Co. 0.15% 140,500 $18.7M Reduce -21.3%
ISRG Intuitive Surgical Inc. 0.15% 33,300 $18.1M No change
CTAS Cintas Corp. 0.14% 80,300 $17.9M No change
MDLZ Mondelez International Inc. Class A 0.14% 265,000 $17.9M Add +10.4%
CDNS Cadence Design SYS Inc. 0.14% 57,500 $17.7M Add +27.8%
CEG Constellation Energy 0.14% 53,000 $17.1M Add +14.0%
MMM 3M Co. 0.14% 110,309 $16.8M Add +1977.8%
LIN Linde PLC 0.13% 34,870 $16.4M Reduce -69.8%
BMY Bristol-Myers Squibb Co. 0.13% 352,500 $16.3M No change
WDAY Workday Inc. Class A 0.13% 65,716 $15.8M Add +34.9%
AXP American Express Co. 0.12% 47,000 $15.0M No change
ECL Ecolab Inc. 0.12% 55,200 $14.9M No change
WM Waste Management Inc. 0.12% 65,000 $14.9M No change
CCEP Coca-Cola Europacific Partne 0.12% 160,000 $14.8M Reduce -3.0%
ELV Elevance Health Inc. 0.12% 38,100 $14.8M Add +647.1%
AFL Aflac Inc. 0.12% 140,317 $14.8M No change
NKE Nike Inc. Class B 0.12% 206,646 $14.7M No change
WCN Waste Connections Inc. 0.12% 78,500 $14.7M No change
FISV Fiserv Inc. 0.12% 85,000 $14.7M No change
FTNT Fortinet Inc. 0.12% 137,500 $14.5M Add +30.9%
DASH DoorDash Inc. Class A 0.12% 58,000 $14.3M New
SPGI S&P Global Inc. 0.11% 27,064 $14.3M No change
RSG Republic Services Inc. 0.11% 57,500 $14.2M No change
CRH CRH PLC 0.11% 150,000 $13.8M New
ADSK Autodesk Inc. 0.11% 44,000 $13.6M Add +20.6%
MRVL Marvell Technology Inc. 0.11% 175,500 $13.6M Add +25.4%
SNOW Snowflake Inc. 0.11% 59,000 $13.2M Add +22.9%
KDP Keurig Dr Pepper Inc. 0.10% 395,000 $13.1M Add +6.8%
ZTS Zoetis Inc. 0.10% 83,000 $12.9M No change
CL Colgate-Palmolive Co. 0.10% 142,000 $12.9M Add +31.5%
RCL Royal Caribbean Cruises Ltd. 0.10% 40,500 $12.7M Add +8.0%
KMI Kinder Morgan Inc. 0.10% 430,000 $12.6M Add +2.4%
NET Cloudflare Inc. Class A 0.10% 63,000 $12.3M Add +26.0%
STT State Street Corp. 0.10% 113,800 $12.1M No change
CMG Chipotle Mexican Grill Inc. 0.10% 215,000 $12.1M No change
MFC Manulife Financial Corp. 0.09% 365,000 $11.6M No change
TT Trane Technologies PLC 0.09% 26,500 $11.6M No change
ROP Roper Technologies Inc. 0.09% 20,000 $11.3M No change
JCI Johnson Controls Internation 0.09% 104,000 $11.0M No change
XEL Xcel Energy Inc. 0.09% 160,500 $10.9M Reduce -3.9%
SHW The Sherwin-Williams Co. 0.09% 31,000 $10.6M No change
HLT Hilton Worldwide Holdings Inc. 0.08% 38,500 $10.3M No change
MAR Marriott International Class A 0.08% 37,000 $10.1M No change
CSX CSX Corp. 0.08% 304,000 $9.9M No change
CBOE Cboe Global Markets Inc. 0.08% 42,300 $9.9M New
CTSH Cognizant Tech Solutions-A 0.08% 125,700 $9.8M Add +18.4%
HOOD Robinhood Markets Inc. Class A 0.08% 102,000 $9.6M New
ABNB Airbnb Inc. Class A 0.08% 72,000 $9.5M Add +6.7%
CARR Carrier Global Corp. 0.08% 128,000 $9.4M Reduce -31.9%
NSC Norfolk Southern Corp. 0.08% 36,500 $9.3M No change
VEEV Veeva Systems Inc. Class A 0.07% 31,533 $9.1M No change
PWR Quanta Services Inc. 0.07% 23,700 $9.0M No change
PCAR Paccar Inc. 0.07% 92,500 $8.8M No change
TSM Taiwan Semiconductor-SP ADR 0.07% 38,150 $8.6M No change
BDX Becton Dickinson and Co. 0.07% 50,000 $8.6M No change
MKC McCormick & Co.-Non VTG SHRS 0.07% 110,000 $8.3M Reduce -5.2%
DELL Dell Technologies -C 0.07% 68,000 $8.3M Add +36.0%
NEM Newmont Corp. 0.07% 142,000 $8.3M Add +16.4%
VRSK Verisk Analytics Inc. 0.07% 26,000 $8.1M No change
DDOG Datadog Inc. Class A 0.06% 60,000 $8.1M New
CMI Cummins Inc. 0.06% 24,500 $8.0M No change
FLUT Flutter Entertainment PLC-Di 0.06% 28,000 $8.0M No change
GM General Motors Co. 0.06% 160,000 $7.9M Reduce -7.5%
REGN Regeneron Pharmaceuticals 0.06% 14,900 $7.8M No change
TSCO Tractor Supply Company 0.06% 147,525 $7.8M No change
UPS United Parcel Service Class B 0.06% 77,000 $7.8M No change
EQT Eqt Corp. 0.06% 132,500 $7.7M New
PYPL PayPal Holdings Inc. 0.06% 103,270 $7.7M No change
OKE Oneok Inc. 0.06% 94,000 $7.7M Reduce -2.1%
AER Aercap Holdings NV 0.06% 65,000 $7.6M No change
PLD Prologis Inc. 0.06% 72,000 $7.6M Add +20.0%
XBI SS SPDR S&P Biotech ETF 0.06% 90,329 $7.5M No change
XYZ Block Inc. 0.06% 110,000 $7.5M No change
FIS Fidelity National Info Serv 0.06% 91,000 $7.4M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 218,685 $7.4M No change
HES Hess Corp. 0.06% 53,000 $7.3M Add +25.6%
EXC Exelon Corp. 0.06% 165,000 $7.2M Add +10.0%
IR Ingersoll-Rand Inc. 0.06% 86,000 $7.2M No change
TEAM Atlassian Corp. Class A 0.06% 35,000 $7.1M Add +29.6%
NI Nisource Inc. 0.06% 171,500 $6.9M Add +3.3%
ALNY Alnylam Pharmaceuticals Inc. 0.06% 21,000 $6.8M New
PEG Public Service Enterprise GP 0.05% 81,000 $6.8M Add +9.5%
YUM Yum! Brands Inc. 0.05% 45,000 $6.7M No change
BN Brookfield Corp. 0.05% 105,000 $6.5M No change
IT Gartner Inc. 0.05% 16,000 $6.5M Add +28.0%
ZS Zscaler Inc. 0.05% 20,500 $6.4M Add +36.7%
IWM iShares Russell 2000 ETF 0.05% 29,681 $6.4M No change
AMT American Tower Corp. 0.05% 28,949 $6.4M No change
ANSS Ansys Inc. 0.05% 18,000 $6.3M Add +20.0%
ROK Rockwell Automation Inc. 0.05% 19,000 $6.3M No change
BKR Baker Hughes Co. 0.05% 162,500 $6.2M Add +6.6%
PAYX Paychex Inc. 0.05% 42,500 $6.2M No change
VRT Vertiv Holdings Co. Class A 0.05% 47,000 $6.0M New
HUBS HubSpot Inc. 0.05% 10,800 $6.0M Add +35.0%
PRU Prudential Financial Inc. 0.05% 53,798 $5.8M No change
FANG Diamondback Energy Inc. 0.05% 42,000 $5.8M Reduce -12.5%
TGT Target Corp. 0.05% 58,000 $5.7M Reduce -6.5%
DLR Digital Realty Trust Inc. 0.05% 32,600 $5.7M No change
VMC Vulcan Materials Co. 0.05% 21,500 $5.6M New
EBAY eBay Inc. 0.04% 75,000 $5.6M No change
GDDY GoDaddy Inc. Class A 0.04% 31,000 $5.6M New
HPE Hewlett Packard Enterprise 0.04% 270,000 $5.5M Add +25.6%
PPG PPG Industries Inc. 0.04% 48,500 $5.5M Add +26.0%
AON Aon PLC Class A 0.04% 15,272 $5.4M Reduce -42.1%
SW Smurfit Westrock PLC 0.04% 125,046 $5.4M No change
SMCI Super Micro Computer Inc. 0.04% 110,000 $5.4M New
MNST Monster Beverage Corp. 0.04% 82,435 $5.2M No change
EW Edwards Lifesciences Corp. 0.04% 66,000 $5.2M No change
USB US Bancorp 0.04% 113,000 $5.1M No change
LII Lennox International Inc. 0.04% 8,900 $5.1M No change
EQIX Equinix Inc. 0.04% 6,200 $4.9M No change
CTVA Corteva Inc. 0.04% 65,000 $4.8M No change
SPG Simon Property Group Inc. 0.04% 30,100 $4.8M No change
D Dominion Energy Inc. 0.04% 85,000 $4.8M Reduce -26.7%
DD Dupont DE Nemours Inc. 0.04% 65,000 $4.5M No change
GOOG Alphabet Inc. Class C 0.04% 25,000 $4.4M No change
PTC PTC Inc. 0.04% 25,500 $4.4M Add +70.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 63,600 $4.3M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.03% 4,079 $4.2M No change
LULU Lululemon Athletica Inc. 0.03% 17,000 $4.0M Add +13.3%
AME Ametek Inc. 0.03% 22,000 $4.0M No change
TRMB Trimble Inc. 0.03% 52,000 $4.0M Add +30.0%
WELL Welltower Inc. 0.03% 25,500 $3.9M No change
AVB Avalonbay Communities Inc. 0.03% 18,500 $3.8M No change
IDXX Idexx Laboratories Inc. 0.03% 7,000 $3.8M No change
TWLO Twilio Inc. Class A 0.03% 30,000 $3.7M Add +20.0%
NTES Netease Inc.-ADR 0.03% 27,452 $3.7M No change
DKS Dick's Sporting Goods Inc. 0.03% 17,850 $3.5M No change
EOG EOG Resources Inc. 0.03% 29,500 $3.5M New
ULTA Ulta Beauty Inc. 0.03% 7,500 $3.5M No change
OKTA Okta Inc. 0.03% 35,000 $3.5M Add +29.6%
DOCU Docusign Inc. 0.03% 44,500 $3.5M New
FWONK Liberty Media Corp. Class C 0.03% 33,000 $3.4M No change
PINS Pinterest Inc. Class A 0.03% 95,000 $3.4M No change
FAST Fastenal Co. 0.03% 80,706 $3.4M No change
FCX Freeport-McMoran Inc. 0.03% 78,000 $3.4M Reduce -76.0%
TXN Texas Instruments Inc. 0.03% 16,285 $3.4M No change
INVH Invitation Homes Inc. 0.03% 101,000 $3.3M No change
RY Royal Bank of Canada 0.03% 25,143 $3.3M Reduce -50.9%
MLM Martin Marietta Materials 0.03% 6,000 $3.3M No change
MAC The Macerich Co. 0.03% 203,500 $3.3M No change
RVTY Revvity Inc. 0.03% 34,000 $3.3M No change
VLO Valero Energy Corp. 0.03% 24,308 $3.3M No change
WSM Williams-Sonoma Inc. 0.03% 20,000 $3.3M No change
GEN Gen Digital Inc. 0.03% 111,000 $3.3M Add +23.3%
ODFL Old Dominion Freight Line 0.03% 20,000 $3.2M No change
PSA Public Storage 0.03% 11,000 $3.2M No change
EIX Edison International 0.03% 62,000 $3.2M New
CHKP Check Point Software Tech 0.03% 14,172 $3.1M No change
O Realty Income Corp. 0.03% 54,000 $3.1M No change
XYL Xylem Inc. 0.03% 24,000 $3.1M No change
BXP BXP Inc. 0.02% 45,430 $3.1M No change
UDR Udr Inc. 0.02% 74,000 $3.0M No change
BIIB Biogen Inc. 0.02% 24,000 $3.0M No change
DECK Deckers Outdoor Corp. 0.02% 29,000 $3.0M Add +16.0%
EEM iShares MSCI Emerging Market 0.02% 61,907 $3.0M Reduce -66.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.02% 41,508 $2.9M No change
DOV Dover Corp. 0.02% 15,000 $2.7M No change
FDX FedEx Corp. 0.02% 12,000 $2.7M No change
A Agilent Technologies Inc. 0.02% 23,000 $2.7M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.02% 23,701 $2.6M No change
LVS Las Vegas Sands Corp. 0.02% 60,000 $2.6M Reduce -20.0%
TD Toronto-Dominion Bank 0.02% 34,383 $2.5M No change
BF.B Brown-Forman Corp. Class B 0.02% 91,681 $2.5M No change
CUZ Cousins Properties Inc. 0.02% 81,500 $2.4M No change
VLTO Veralto Corp. 0.02% 24,000 $2.4M No change
IQV Iqvia Holdings Inc. 0.02% 15,000 $2.4M No change
HUM Humana Inc. 0.02% 9,500 $2.3M No change
AMG Affiliated Managers Group 0.02% 11,745 $2.3M No change
GLPI Gaming and Leisure Propertie 0.02% 48,000 $2.2M New
SRE Sempra 0.02% 29,000 $2.2M Reduce -30.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 27,000 $2.2M Reduce -20.6%
HIW Highwoods Properties Inc. 0.02% 70,000 $2.2M No change
EXPD Expeditors Intl Wash Inc. 0.02% 17,898 $2.0M No change
EXR Extra Space Storage Inc. 0.02% 13,700 $2.0M No change
KRC Kilroy Realty Corp. 0.02% 55,000 $1.9M No change
ROST Ross Stores Inc. 0.01% 14,446 $1.8M No change
BSY Bentley Systems Inc. Class B 0.01% 33,500 $1.8M Add +34.0%
KIM Kimco Realty Corp. 0.01% 84,500 $1.8M No change
STZ Constellation Brands Inc. Class A 0.01% 10,500 $1.7M Add +110.0%
VTR Ventas Inc. 0.01% 27,000 $1.7M No change
FTI Technipfmc PLC 0.01% 47,040 $1.6M No change
BBY Best Buy Co. Inc. 0.01% 22,211 $1.5M No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.01% 11,700 $1.5M No change
HAL Halliburton Co. 0.01% 70,744 $1.4M Reduce -46.7%
SNAP Snap Inc. Class A 0.01% 165,000 $1.4M No change
ARE Alexandria Real Estate Equit 0.01% 18,700 $1.4M No change
SBRA Sabra Health Care REIT Inc. 0.01% 70,000 $1.3M No change
CHRW C.H. Robinson Worldwide Inc. 0.01% 12,937 $1.2M No change
VNO Vornado Realty Trust 0.01% 32,000 $1.2M No change
DLTR Dollar Tree Inc. 0.01% 12,282 $1.2M No change
JXN Jackson Financial Inc. Class A 0.01% 13,638 $1.2M No change
REXR Rexford Industrial Realty Inc. 0.01% 34,000 $1.2M No change
H Hyatt Hotels Corp. Class A 0.01% 7,000 $978K New
OHI Omega Healthcare Investors 0.01% 25,000 $916K No change
COLD Americold Realty Trust Inc. 0.01% 55,000 $915K No change
ILMN Illumina Inc. 0.01% 9,000 $859K No change
RHI Robert Half Inc. 0.01% 19,432 $798K No change
HST Host Hotels & Resorts Inc. 0.01% 50,000 $768K No change
MPT Medical Properties Trust Inc. 0.01% 168,900 $728K No change
RLJ RLJ Lodging Trust 0.01% 100,000 $728K No change
SLG SL Green Realty Corp. 0.01% 11,000 $681K No change
PDM Piedmont Realty Trust Inc. 0.01% 86,000 $627K No change
SAFE Safehold Inc. 0.01% 40,000 $622K No change
ESS Essex Property Trust Inc. 0.00% 2,000 $567K No change
JBGS JBG Smith Properties 0.00% 32,000 $554K No change
PII Polaris Inc. 0.00% 11,506 $468K No change
HUDSON PAC PPTYS INC 0.00% 163,000 $447K No change
EPR Epr Properties filed as EPR PPTYS 0.00% 7,500 $437K No change
AAP Advance Auto Parts Inc. 0.00% 5,603 $260K No change
PK Park Hotels & Resorts Inc. 0.00% 20,000 $205K No change
APLE Apple Hospitality REIT Inc. 0.00% 15,000 $175K No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Sold out 0.00% −2.51
SPHY SS SPDR P High Yield ETF Reduce -8.3% 5.41% −0.98
COST Costco Wholesale Corp. Sold out 0.00% −0.57
USHY iShares Broad Usd High Yield Reduce -0.6% 5.15% −0.45
LIN Linde PLC Reduce -69.8% 0.13% −0.34
IYR iShares US Real Estate ETF Reduce -18.4% 0.65% −0.24
PGR Progressive Corp. Reduce -25.3% 0.30% −0.17
COP Conocophillips Sold out 0.00% −0.16
CVX Chevron Corp. Reduce -9.3% 0.32% −0.13
MRSH Marsh & McLennan Cos Reduce -12.3% 0.32% −0.13
V Visa Inc. Class A Reduce -2.0% 0.91% −0.10
FCX Freeport-McMoran Inc. Reduce -76.0% 0.03% −0.08
CME Cme Group Inc. Reduce -23.6% 0.21% −0.08
CPRT Copart Inc. Sold out 0.00% −0.08
MA Mastercard Inc. Class A Reduce -2.5% 0.75% −0.08
TMUS T-Mobile US Inc. Reduce -4.8% 0.21% −0.06
ATO Atmos Energy Corp. Sold out 0.00% −0.06
AJG Arthur J Gallagher & Co. Reduce -10.5% 0.18% −0.06
F Ford Motor Co. Sold out 0.00% −0.05
AON Aon PLC Class A Reduce -42.1% 0.04% −0.05
LNT Alliant Energy Corp. Sold out 0.00% −0.05
EEM iShares MSCI Emerging Market Reduce -66.8% 0.02% −0.05
CB Chubb Ltd. Reduce -5.4% 0.20% −0.04
CARR Carrier Global Corp. Reduce -31.9% 0.08% −0.03
EXAS Exact Sciences Corp. Sold out 0.00% −0.03
RY Royal Bank of Canada Reduce -50.9% 0.03% −0.02
FFIV F5 Inc. Sold out 0.00% −0.02
ICE Intercontinental Exchange Inc. Reduce -6.3% 0.22% −0.02
EMR Emerson Electric Co. Reduce -21.3% 0.15% −0.02
OKE Oneok Inc. Reduce -2.1% 0.06% −0.02
FANG Diamondback Energy Inc. Reduce -12.5% 0.05% −0.02
NUE Nucor Corp. Sold out 0.00% −0.02
HUBB Hubbell Inc. Sold out 0.00% −0.02
VICI Vici Properties Inc. Sold out 0.00% −0.02
PNR Pentair PLC Sold out 0.00% −0.02
SWK Stanley Black & Decker Inc. Sold out 0.00% −0.02
D Dominion Energy Inc. Reduce -26.7% 0.04% −0.02
HAL Halliburton Co. Reduce -46.7% 0.01% −0.02
AKAM Akamai Technologies Inc. Sold out 0.00% −0.02
MKC McCormick & Co.-Non VTG SHRS Reduce -5.2% 0.07% −0.02
OC Owens Corning Sold out 0.00% −0.02
XEL Xcel Energy Inc. Reduce -3.9% 0.09% −0.02
PAYC Paycom Software Inc. Sold out 0.00% −0.02
MANH Manhattan Associates Inc. Sold out 0.00% −0.02
TGT Target Corp. Reduce -6.5% 0.05% −0.01
EPAM Epam Systems Inc. Sold out 0.00% −0.01
FSLR First Solar Inc. Sold out 0.00% −0.01
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.01
MGM MGM Resorts International Sold out 0.00% −0.01
SRE Sempra Reduce -30.9% 0.02% −0.01

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +23.5% 3.46% +1.34
MSFT Microsoft Corp. Add +8.0% 3.15% +0.73
USCL iShares Climate Conscious Add +2.7% 19.60% +0.48
USCA Xtrack MSCI USA Clim Act Eq Add +2.7% 19.55% +0.48
META Meta Platforms Inc. Class A Add +3.7% 2.16% +0.37
ORCL Oracle Corp. Add +26.7% 0.67% +0.30
CAT Caterpillar Inc. New 0.27% +0.27
PLTR Palantir Technologies Inc. Class A Add +36.9% 0.50% +0.25
BAC Bank of America Corp. Add +55.9% 0.51% +0.19
NFLX Netflix Inc. Add +1.0% 0.73% +0.18
AMD Advanced Micro Devices Add +29.2% 0.39% +0.15
MMM 3M Co. Add +1977.8% 0.14% +0.13
NOW ServiceNow Inc. Add +22.6% 0.40% +0.12
IBM Intl Business Machines Corp. Add +24.2% 0.48% +0.12
MS Morgan Stanley Add +61.2% 0.28% +0.12
DASH DoorDash Inc. Class A New 0.12% +0.12
CSCO Cisco Systems Inc. Add +28.5% 0.47% +0.11
CRH CRH PLC New 0.11% +0.11
INTU Intuit Inc. Add +17.2% 0.39% +0.10
ELV Elevance Health Inc. Add +647.1% 0.12% +0.10
GS Goldman Sachs Group Inc. Add +33.2% 0.25% +0.09
GOOGL Alphabet Inc. Class A Add +0.3% 2.29% +0.08
CBOE Cboe Global Markets Inc. New 0.08% +0.08
CRM Salesforce Inc. Add +31.4% 0.45% +0.08
HOOD Robinhood Markets Inc. Class A New 0.08% +0.08
CRWD CrowdStrike Holdings Inc. Class A Add +22.5% 0.20% +0.08
PANW Palo Alto Networks Inc. Add +31.4% 0.24% +0.07
DDOG Datadog Inc. Class A New 0.06% +0.06
ADI Analog Devices Inc. Add +35.0% 0.21% +0.06
SCHW Schwab (charles) Corp. Add +49.0% 0.17% +0.06
EQT Eqt Corp. New 0.06% +0.06
ALNY Alnylam Pharmaceuticals Inc. New 0.06% +0.06
C Citigroup Inc. Add +35.9% 0.17% +0.05
CEG Constellation Energy Add +14.0% 0.14% +0.05
QCOM Qualcomm Inc. Add +29.4% 0.30% +0.05
NET Cloudflare Inc. Class A Add +26.0% 0.10% +0.05
VRT Vertiv Holdings Co. Class A New 0.05% +0.05
VMC Vulcan Materials Co. New 0.05% +0.05
GDDY GoDaddy Inc. Class A New 0.04% +0.04
SNOW Snowflake Inc. Add +22.9% 0.11% +0.04
SMCI Super Micro Computer Inc. New 0.04% +0.04
CDNS Cadence Design SYS Inc. Add +27.8% 0.14% +0.04
ADBE Adobe Inc. Add +26.0% 0.30% +0.04
SNPS Synopsys Inc. Add +20.7% 0.17% +0.04
ACN Accenture PLC Class A Add +30.2% 0.32% +0.04
WMT Walmart Inc. Add +5.6% 0.57% +0.04
MELI MercadoLibre Inc. Add +6.4% 0.16% +0.04
DHR Danaher Corp. Add +37.0% 0.21% +0.03
RCL Royal Caribbean Cruises Ltd. Add +8.0% 0.10% +0.03
MRVL Marvell Technology Inc. Add +25.4% 0.11% +0.03

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