Mandatum Life Insurance Co Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Mandatum Life Insurance Co Ltd reported 81 stock positions worth $337.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 40.4% of the portfolio, followed by Meta Platforms Class A (META, 5.5%) and Vanguard S&P 500 ETF (VOO, 4.1%). Compared with Q3 2024, it opened 6 new positions, sold out of 9, added to 21 and reduced 16. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +18%) and the biggest sale an exit from Kranesh Csi China Internet (KWEB).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001664324
Portfolio Value
$337.4M (Q4 2024)
SEC Filing
0001664324-25-000001 ↗ filed Jan 16, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $299.0M Q1 2024 Q2 2024: $298.6M Q2 2024 Q3 2024: $326.0M Q3 2024 Q4 2024: $337.4M $337.4M Q4 2024 Q1 2025: $325.7M Q1 2025 Q2 2025: $379.9M Q2 2025 Q3 2025: $418.6M Q3 2025 Q4 2025: $438.0M Q4 2025 Q1 2026: $444.8M Q1 2026 Q2 2026: $540.1M Q2 2026

Holdings 81 stocks · $337.4M
IVV iShares Core S&P 500 ETF 40.39% 231,435 $136.2M Add +17.9%
META Meta Platforms Inc. Class A 5.46% 31,461 $18.4M Reduce -0.0%
VOO Vanguard S&P 500 ETF 4.10% 25,642 $13.8M Add +0.3%
GOOGL Alphabet Inc. Class A 2.75% 49,009 $9.3M Add +1.4%
MSFT Microsoft Corp. 2.63% 21,037 $8.9M Add +0.4%
CSCO Cisco Systems Inc. 2.46% 140,000 $8.3M No change
JPM JPMorgan Chase & Co. 2.45% 34,502 $8.3M Reduce -16.9%
MA Mastercard Inc. Class A 2.22% 14,249 $7.5M No change
ROK Rockwell Automation Inc. 2.12% 25,000 $7.1M No change
IPAC iShares Core MSCI Pacific Et 1.81% 99,757 $6.1M No change
C Citigroup Inc. 1.78% 85,383 $6.0M No change
V Visa Inc. Class A 1.72% 18,332 $5.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.68% 128,910 $5.7M Add +0.6%
IJR iShares Core S&P Small-Cap E 1.66% 48,720 $5.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.61% 45,000 $5.4M No change
USMV iShares MSCI USA Min Vol Fac 1.59% 60,455 $5.4M No change
TGT Target Corp. 1.31% 32,723 $4.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.28% 38,712 $4.3M Reduce -4.2%
MDT Medtronic PLC 1.16% 49,138 $3.9M No change
HUM Humana Inc. 1.05% 14,000 $3.6M No change
KMB Kimberly-Clark Corp. 1.02% 26,249 $3.4M No change
AMD Advanced Micro Devices 1.01% 28,239 $3.4M Add +1223.3%
PLTR Palantir Technologies Inc. Class A 0.89% 39,807 $3.0M Reduce -33.9%
ABNB Airbnb Inc. Class A 0.89% 22,730 $3.0M No change
CL Colgate-Palmolive Co. 0.88% 32,500 $3.0M No change
CARR Carrier Global Corp. 0.85% 41,900 $2.9M Add +0.2%
FLNC Fluence Energy Inc. 0.78% 164,791 $2.6M New
CMCSA Comcast Corp. Class A 0.73% 65,224 $2.4M No change
ENPH Enphase Energy Inc. 0.73% 35,615 $2.4M Add +65.5%
AMZN Amazon.com Inc. 0.64% 9,856 $2.2M Reduce -4.8%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.64% 27,245 $2.1M Add +0.4%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.60% 19,063 $2.0M Add +0.3%
IWM iShares Russell 2000 ETF 0.59% 9,049 $2.0M Add +25.4%
EEM iShares MSCI Emerging Market 0.52% 42,083 $1.8M No change
IYH iShares U.S. Healthcare ETF 0.52% 30,043 $1.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.50% 2,885 $1.7M No change
MOO Vaneck Agribusiness ETF 0.45% 23,778 $1.5M No change
MBLY Mobileye Global Inc. Class A 0.42% 71,881 $1.4M Reduce -54.7%
DE Deere & Co. 0.37% 2,938 $1.2M Add +37.5%
NVDA Nvidia Corp. 0.35% 8,842 $1.2M Reduce -26.4%
HYXF iShares ESG Adv High Yield 0.30% 21,595 $998K No change
STLA Stellantis NV 0.28% 73,476 $961K No change
IJS iShares S&P Small-Cap 600 Va 0.28% 8,712 $946K No change
TSLA Tesla Inc. 0.25% 2,068 $835K Reduce -73.8%
AAPL Apple Inc. 0.25% 3,318 $831K Reduce -8.3%
IXN iShares Global Tech ETF 0.23% 9,278 $786K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.23% 10,231 $767K No change
ARCC Ares Capital Corp. 0.20% 31,582 $691K Add +12.8%
FSK FS KKR Capital Corp. 0.20% 31,654 $688K Add +6.7%
OBDC Blue Owl Capital Corp. 0.20% 45,051 $681K Add +16.4%
GBDC Golub Capital BDC Inc. 0.18% 40,816 $619K Add +5.1%
SOFI Sofi Technologies Inc. 0.18% 38,972 $600K Add +180.9%
OCSL Oaktree Specialty Lending Co. 0.17% 36,915 $564K Add +2.3%
BRK.B Berkshire Hathaway Inc. Class B 0.16% 1,161 $526K Add +22.7%
GSBD Goldman Sachs BDC Inc. 0.15% 41,675 $504K Add +3.3%
BUR Burford Capital Ltd. 0.14% 37,000 $480K No change
ALAB Astera Labs Inc. 0.14% 3,490 $462K New
APP AppLovin Corp. Class A 0.13% 1,330 $431K New
DGRO iShares Core Dividend Growth 0.12% 6,546 $402K No change
LMND Lemonade Inc. 0.11% 10,300 $378K New
UPST Upstart Holdings Inc. 0.11% 6,050 $372K New
ICLN iShares Global Clean Energy 0.11% 32,360 $368K No change
IYF iShares US Financials ETF 0.11% 3,215 $356K No change
BABA Alibaba Group Holding-SP ADR 0.10% 4,078 $346K Reduce -0.4%
IEMG iShares Core MSCI Emerging 0.09% 5,882 $307K Reduce -2.7%
QCOM Qualcomm Inc. 0.09% 1,905 $293K Reduce -3.3%
EEMA iShares MSCI Emerg MRKT Asia 0.08% 3,955 $283K No change
IYW iShares Ustechnology ETF 0.08% 1,722 $275K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.08% 82,883 $274K Reduce -15.1%
FLOT iShares Floating Rate Bond E 0.08% 5,060 $257K No change
AVB Avalonbay Communities Inc. 0.08% 1,170 $257K No change
IXP iShares Global Comm Services 0.08% 2,620 $253K No change
LLY Eli Lilly & Co. 0.07% 326 $252K Add +13.2%
IXG iShares Global Financials Et 0.07% 2,485 $239K No change
CRWD CrowdStrike Holdings Inc. Class A 0.07% 661 $226K Reduce -30.5%
CMI Cummins Inc. 0.06% 620 $216K Reduce -12.7%
SHY iShares 1-3 Year Treasury Bo 0.06% 2,470 $202K No change
GRAB Grab Holdings Ltd. Class A 0.04% 25,000 $118K No change
PLUG Plug Power Inc. 0.03% 43,312 $92K Reduce -1.9%
VIOT Viomi Technology Co. Ltd.-ADR 0.01% 34,000 $50K No change
ZEPP Zepp Health Corp.-ADR 0.01% 10,750 $28K New

Portfolio Sells Q3 2024 → Q4 2024
KWEB Kranesh Csi China Internet Sold out 0.00% −4.98
ACWV iShares MSCI Global Min Vol Sold out 0.00% −0.50
TSLA Tesla Inc. Reduce -73.8% 0.25% −0.39
MBLY Mobileye Global Inc. Class A Reduce -54.7% 0.42% −0.24
JPM JPMorgan Chase & Co. Reduce -16.9% 2.45% −0.23
NVDA Nvidia Corp. Reduce -26.4% 0.35% −0.10
MU Micron Technology Inc. Sold out 0.00% −0.09
IWB iShares Russell 1000 ETF Sold out 0.00% −0.07
CVNA Carvana Co. Sold out 0.00% −0.07
META Meta Platforms Inc. Class A Reduce -0.0% 5.46% −0.07
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.06
APLD Applied Digital Corp. Sold out 0.00% −0.05
AMCR Amcor PLC Sold out 0.00% −0.05
SBSW Sibanye-Stillwater Ltd.-ADR Reduce -15.1% 0.08% −0.04
LUMN Lumen Technologies Inc. Sold out 0.00% −0.03
BABA Alibaba Group Holding-SP ADR Reduce -0.4% 0.10% −0.03
QCOM Qualcomm Inc. Reduce -3.3% 0.09% −0.02
IEMG iShares Core MSCI Emerging Reduce -2.7% 0.09% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -30.5% 0.07% −0.01
AAPL Apple Inc. Reduce -8.3% 0.25% −0.01
CMI Cummins Inc. Reduce -12.7% 0.06% −0.01
PLUG Plug Power Inc. Reduce -1.9% 0.03% −0.00
AMZN Amazon.com Inc. Reduce -4.8% 0.64% +0.05
DIS The Walt Disney Co. Reduce -4.2% 1.28% +0.09
PLTR Palantir Technologies Inc. Class A Reduce -33.9% 0.89% +0.21

Portfolio Buys Q3 2024 → Q4 2024
IVV iShares Core S&P 500 ETF Add +17.9% 40.39% +5.64
AMD Advanced Micro Devices Add +1223.3% 1.01% +0.90
FLNC Fluence Energy Inc. New 0.78% +0.78
GOOGL Alphabet Inc. Class A Add +1.4% 2.75% +0.29
SOFI Sofi Technologies Inc. Add +180.9% 0.18% +0.14
ALAB Astera Labs Inc. New 0.14% +0.14
APP AppLovin Corp. Class A New 0.13% +0.13
BAC Bank of America Corp. Add +0.6% 1.68% +0.12
LMND Lemonade Inc. New 0.11% +0.11
UPST Upstart Holdings Inc. New 0.11% +0.11
IWM iShares Russell 2000 ETF Add +25.4% 0.59% +0.10
DE Deere & Co. Add +37.5% 0.37% +0.10
OBDC Blue Owl Capital Corp. Add +16.4% 0.20% +0.03
ARCC Ares Capital Corp. Add +12.8% 0.20% +0.03
FSK FS KKR Capital Corp. Add +6.7% 0.20% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +22.7% 0.16% +0.02
ZEPP Zepp Health Corp.-ADR New 0.01% +0.01
GBDC Golub Capital BDC Inc. Add +5.1% 0.18% +0.00
LLY Eli Lilly & Co. Add +13.2% 0.07% −0.00
OCSL Oaktree Specialty Lending Co. Add +2.3% 0.17% −0.01
GSBD Goldman Sachs BDC Inc. Add +3.3% 0.15% −0.02
ENPH Enphase Energy Inc. Add +65.5% 0.73% −0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +0.4% 0.64% −0.03
VOO Vanguard S&P 500 ETF Add +0.3% 4.10% −0.04
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.3% 0.60% −0.06
MSFT Microsoft Corp. Add +0.4% 2.63% −0.14
CARR Carrier Global Corp. Add +0.2% 0.85% −0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 90$540.1MIVV, VOO, IPAC, GOOGL, CSCO
Q1 2026 84$444.8MIVV, VOO, IPAC, GOOGL, CSCO
Q4 2025 77$438.0MIVV, VOO, IPAC, GOOGL, CSCO
Q3 2025 81$418.6MIVV, VOO, IPAC, GOOGL, META
Q2 2025 82$379.9MIVV, VOO, META, MSFT, IPAC
Q1 2025 74$325.7MIVV, VOO, META, CSCO, JPM
Q4 2024 81$337.4MIVV, META, VOO, GOOGL, MSFT
Q3 2024 84$326.0MIVV, META, KWEB, VOO, MSFT
Q2 2024 83$298.6MIVV, META, KWEB, VOO, MSFT
Q1 2024 83$299.0MIVV, KWEB, META, VOO, MSFT