Mandatum Life Insurance Co Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Mandatum Life Insurance Co Ltd reported 74 stock positions worth $325.7 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 37.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 4.9%) and Meta Platforms Class A (META, 3.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 10, added to 21 and reduced 19. The biggest buy was a new position in Emerson Electric (EMR) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −7%).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001664324
Portfolio Value
$325.7M (Q1 2025)
SEC Filing
0001664324-25-000003 ↗ filed May 5, 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 Q4 2024 Q1 2025: $325.7M $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 74 stocks · $325.7M
IVV iShares Core S&P 500 ETF 37.31% 216,252 $121.5M Reduce -6.6%
VOO Vanguard S&P 500 ETF 4.90% 31,042 $16.0M Add +21.1%
META Meta Platforms Inc. Class A 3.33% 18,791 $10.8M Reduce -40.3%
CSCO Cisco Systems Inc. 2.66% 140,464 $8.7M Add +0.3%
JPM JPMorgan Chase & Co. 2.60% 34,502 $8.5M No change
MSFT Microsoft Corp. 2.57% 22,327 $8.4M Add +6.1%
MA Mastercard Inc. Class A 2.40% 14,249 $7.8M No change
IPAC iShares Core MSCI Pacific Et 2.40% 125,457 $7.8M Add +25.8%
GOOGL Alphabet Inc. Class A 2.39% 50,249 $7.8M Add +2.5%
ROK Rockwell Automation Inc. 1.98% 25,000 $6.5M No change
V Visa Inc. Class A 1.97% 18,332 $6.4M No change
C Citigroup Inc. 1.86% 85,383 $6.1M No change
EMR Emerson Electric Co. 1.68% 50,000 $5.5M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.68% 45,000 $5.5M No change
AMD Advanced Micro Devices 1.66% 52,634 $5.4M Add +86.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.65% 128,910 $5.4M No change
MDT Medtronic PLC 1.63% 59,138 $5.3M Add +20.4%
IJR iShares Core S&P Small-Cap E 1.56% 48,720 $5.1M No change
USMV iShares MSCI USA Min Vol Fac 1.49% 51,844 $4.9M Reduce -14.2%
CARR Carrier Global Corp. 1.30% 66,715 $4.2M Add +59.2%
GAP The Gap Inc. 1.27% 200,000 $4.1M New
MU Micron Technology Inc. 1.25% 46,981 $4.1M New
TGT Target Corp. 1.21% 37,723 $3.9M Add +15.3%
KMB Kimberly-Clark Corp. 1.15% 26,249 $3.7M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.14% 37,744 $3.7M Reduce -2.5%
HUM Humana Inc. 1.14% 14,000 $3.7M No change
IWM iShares Russell 2000 ETF 0.96% 15,604 $3.1M Add +72.4%
CL Colgate-Palmolive Co. 0.94% 32,500 $3.0M No change
ABNB Airbnb Inc. Class A 0.83% 22,600 $2.7M Reduce -0.6%
CMCSA Comcast Corp. Class A 0.74% 65,224 $2.4M No change
PLTR Palantir Technologies Inc. Class A 0.73% 28,031 $2.4M Reduce -29.6%
MOO Vaneck Agribusiness ETF 0.66% 31,778 $2.2M Add +33.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.66% 27,237 $2.1M Reduce -0.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.63% 18,802 $2.0M Reduce -1.4%
EEM iShares MSCI Emerging Market 0.56% 42,083 $1.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.50% 2,885 $1.6M No change
AMZN Amazon.com Inc. 0.47% 8,026 $1.5M Reduce -18.6%
IYH iShares U.S. Healthcare ETF 0.44% 23,288 $1.4M Reduce -22.5%
DE Deere & Co. 0.40% 2,756 $1.3M Reduce -6.2%
NVDA Nvidia Corp. 0.31% 9,265 $1.0M Add +4.8%
MBLY Mobileye Global Inc. Class A 0.30% 67,481 $971K Reduce -6.1%
IJS iShares S&P Small-Cap 600 Va 0.26% 8,712 $849K No change
STLA Stellantis NV 0.25% 73,476 $815K No change
FLNC Fluence Energy Inc. 0.25% 164,791 $799K No change
ARCC Ares Capital Corp. 0.22% 31,957 $708K Add +1.2%
AAPL Apple Inc. 0.22% 3,173 $705K Reduce -4.4%
GBDC Golub Capital BDC Inc. 0.22% 46,457 $703K Add +13.8%
OBDC Blue Owl Capital Corp. 0.21% 46,931 $688K Add +4.2%
FSK FS KKR Capital Corp. 0.21% 32,815 $687K Add +3.7%
OCSL Oaktree Specialty Lending Co. 0.21% 44,274 $680K Add +19.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.21% 10,231 $675K No change
GSBD Goldman Sachs BDC Inc. 0.20% 56,371 $656K Add +35.3%
HYXF iShares ESG Adv High Yield 0.19% 13,478 $624K Reduce -37.6%
BRK.B Berkshire Hathaway Inc. Class B 0.19% 1,161 $618K No change
TSLA Tesla Inc. 0.17% 2,197 $569K Add +6.2%
IXN iShares Global Tech ETF 0.16% 7,050 $534K Reduce -24.0%
BUR Burford Capital Ltd. 0.15% 37,000 $490K No change
BABA Alibaba Group Holding-SP ADR 0.15% 3,678 $486K Reduce -9.8%
ICLN iShares Global Clean Energy 0.12% 35,514 $406K Add +9.8%
DGRO iShares Core Dividend Growth 0.12% 6,546 $404K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.12% 82,883 $380K No change
IYF iShares US Financials ETF 0.11% 3,215 $363K No change
LLY Eli Lilly & Co. 0.11% 436 $360K Add +33.7%
IEMG iShares Core MSCI Emerging 0.09% 5,444 $294K Reduce -7.5%
EEMA iShares MSCI Emerg MRKT Asia 0.09% 3,955 $293K No change
FLOT iShares Floating Rate Bond E 0.08% 5,060 $258K No change
AVB Avalonbay Communities Inc. 0.08% 1,170 $251K No change
IYW iShares Ustechnology ETF 0.07% 1,722 $242K No change
CRWD CrowdStrike Holdings Inc. Class A 0.07% 661 $233K No change
QCOM Qualcomm Inc. 0.07% 1,467 $225K Reduce -23.0%
SHY iShares 1-3 Year Treasury Bo 0.06% 2,470 $204K No change
PLUG Plug Power Inc. 0.02% 41,587 $56K Reduce -4.0%
VIOT Viomi Technology Co. Ltd.-ADR 0.02% 34,000 $53K No change
ZEPP Zepp Health Corp.-ADR 0.01% 10,750 $32K No change

Portfolio Sells Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Reduce -6.6% 37.31% −3.08
META Meta Platforms Inc. Class A Reduce -40.3% 3.33% −2.13
ENPH Enphase Energy Inc. Sold out 0.00% −0.73
SOFI Sofi Technologies Inc. Sold out 0.00% −0.18
AMZN Amazon.com Inc. Reduce -18.6% 0.47% −0.17
PLTR Palantir Technologies Inc. Class A Reduce -29.6% 0.73% −0.17
ALAB Astera Labs Inc. Sold out 0.00% −0.14
DIS The Walt Disney Co. Reduce -2.5% 1.14% −0.13
APP AppLovin Corp. Class A Sold out 0.00% −0.13
MBLY Mobileye Global Inc. Class A Reduce -6.1% 0.30% −0.13
LMND Lemonade Inc. Sold out 0.00% −0.11
UPST Upstart Holdings Inc. Sold out 0.00% −0.11
HYXF iShares ESG Adv High Yield Reduce -37.6% 0.19% −0.10
USMV iShares MSCI USA Min Vol Fac Reduce -14.2% 1.49% −0.10
IYH iShares U.S. Healthcare ETF Reduce -22.5% 0.44% −0.08
IXP iShares Global Comm Services Sold out 0.00% −0.08
IXG iShares Global Financials Et Sold out 0.00% −0.07
IXN iShares Global Tech ETF Reduce -24.0% 0.16% −0.07
CMI Cummins Inc. Sold out 0.00% −0.06
ABNB Airbnb Inc. Class A Reduce -0.6% 0.83% −0.06
GRAB Grab Holdings Ltd. Class A Sold out 0.00% −0.04
AAPL Apple Inc. Reduce -4.4% 0.22% −0.03
QCOM Qualcomm Inc. Reduce -23.0% 0.07% −0.02
PLUG Plug Power Inc. Reduce -4.0% 0.02% −0.01
IEMG iShares Core MSCI Emerging Reduce -7.5% 0.09% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -1.4% 0.63% +0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -0.0% 0.66% +0.02
DE Deere & Co. Reduce -6.2% 0.40% +0.03
BABA Alibaba Group Holding-SP ADR Reduce -9.8% 0.15% +0.05

Portfolio Buys Q4 2024 → Q1 2025
EMR Emerson Electric Co. New 1.68% +1.68
GAP The Gap Inc. New 1.27% +1.27
MU Micron Technology Inc. New 1.25% +1.25
VOO Vanguard S&P 500 ETF Add +21.1% 4.90% +0.80
AMD Advanced Micro Devices Add +86.4% 1.66% +0.65
IPAC iShares Core MSCI Pacific Et Add +25.8% 2.40% +0.59
MDT Medtronic PLC Add +20.4% 1.63% +0.47
CARR Carrier Global Corp. Add +59.2% 1.30% +0.45
IWM iShares Russell 2000 ETF Add +72.4% 0.96% +0.36
MOO Vaneck Agribusiness ETF Add +33.6% 0.66% +0.21
CSCO Cisco Systems Inc. Add +0.3% 2.66% +0.20
GSBD Goldman Sachs BDC Inc. Add +35.3% 0.20% +0.05
OCSL Oaktree Specialty Lending Co. Add +19.9% 0.21% +0.04
LLY Eli Lilly & Co. Add +33.7% 0.11% +0.04
GBDC Golub Capital BDC Inc. Add +13.8% 0.22% +0.03
ICLN iShares Global Clean Energy Add +9.8% 0.12% +0.02
ARCC Ares Capital Corp. Add +1.2% 0.22% +0.01
OBDC Blue Owl Capital Corp. Add +4.2% 0.21% +0.01
FSK FS KKR Capital Corp. Add +3.7% 0.21% +0.01
NVDA Nvidia Corp. Add +4.8% 0.31% −0.04
MSFT Microsoft Corp. Add +6.1% 2.57% −0.06
TSLA Tesla Inc. Add +6.2% 0.17% −0.07
TGT Target Corp. Add +15.3% 1.21% −0.10
GOOGL Alphabet Inc. Class A Add +2.5% 2.39% −0.36

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