Mandatum Life Insurance Co Ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), Mandatum Life Insurance Co Ltd reported 82 stock positions worth $379.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 36.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 5.7%) and Meta Platforms Class A (META, 3.7%). Compared with Q1 2025, it opened 8 new positions, added to 15 and reduced 17. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +23%) and the biggest sale iShares MSCI USA Min Vol Fac (USMV, shares −19%).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001664324
Portfolio Value
$379.9M (Q2 2025)
SEC Filing
0001664324-25-000004 ↗ filed Jul 11, 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 Q1 2025 Q2 2025: $379.9M $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 82 stocks · $379.9M
IVV iShares Core S&P 500 ETF 36.80% 225,204 $139.8M Add +4.1%
VOO Vanguard S&P 500 ETF 5.72% 38,287 $21.7M Add +23.3%
META Meta Platforms Inc. Class A 3.73% 19,212 $14.2M Add +2.2%
MSFT Microsoft Corp. 2.89% 22,096 $11.0M Reduce -1.0%
IPAC iShares Core MSCI Pacific Et 2.81% 155,637 $10.7M Add +24.1%
JPM JPMorgan Chase & Co. 2.63% 34,502 $10.0M No change
CSCO Cisco Systems Inc. 2.57% 140,464 $9.7M No change
GOOGL Alphabet Inc. Class A 2.39% 51,449 $9.1M Add +2.4%
ROK Rockwell Automation Inc. 2.19% 25,000 $8.3M No change
MA Mastercard Inc. Class A 2.11% 14,249 $8.0M No change
AMD Advanced Micro Devices 1.97% 52,789 $7.5M Add +0.3%
C Citigroup Inc. 1.91% 85,383 $7.3M No change
MU Micron Technology Inc. 1.77% 54,631 $6.7M Add +16.3%
EMR Emerson Electric Co. 1.75% 50,000 $6.7M No change
V Visa Inc. Class A 1.71% 18,332 $6.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.61% 128,910 $6.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.46% 45,000 $5.6M No change
IJR iShares Core S&P Small-Cap E 1.40% 48,720 $5.3M No change
MDT Medtronic PLC 1.36% 59,138 $5.2M No change
CARR Carrier Global Corp. 1.29% 66,715 $4.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.16% 35,442 $4.4M Reduce -6.1%
GAP The Gap Inc. 1.15% 200,000 $4.4M No change
IWM iShares Russell 2000 ETF 1.13% 19,904 $4.3M Add +27.6%
USMV iShares MSCI USA Min Vol Fac 1.04% 42,164 $4.0M Reduce -18.7%
TGT Target Corp. 0.98% 37,723 $3.7M No change
HUM Humana Inc. 0.90% 14,000 $3.4M No change
KMB Kimberly-Clark Corp. 0.89% 26,249 $3.4M No change
ABNB Airbnb Inc. Class A 0.79% 22,600 $3.0M No change
CL Colgate-Palmolive Co. 0.78% 32,500 $3.0M No change
MOO Vaneck Agribusiness ETF 0.77% 39,588 $2.9M Add +24.6%
PLTR Palantir Technologies Inc. Class A 0.70% 19,537 $2.7M Reduce -30.3%
FLS Flowserve Corp. 0.69% 50,000 $2.6M New
CMCSA Comcast Corp. Class A 0.61% 65,224 $2.3M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.58% 27,237 $2.2M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.54% 18,802 $2.1M No change
EEM iShares MSCI Emerging Market 0.53% 42,083 $2.0M No change
NVDA Nvidia Corp. 0.51% 12,276 $1.9M Add +32.5%
AMZN Amazon.com Inc. 0.49% 8,551 $1.9M Add +6.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.47% 2,885 $1.8M No change
DE Deere & Co. 0.37% 2,775 $1.4M Add +0.7%
MBLY Mobileye Global Inc. Class A 0.32% 67,481 $1.2M No change
FLNC Fluence Energy Inc. 0.29% 164,791 $1.1M No change
TSLA Tesla Inc. 0.25% 2,940 $934K Add +33.8%
IJS iShares S&P Small-Cap 600 Va 0.23% 8,712 $867K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.22% 10,231 $827K No change
STLA Stellantis NV 0.19% 73,476 $733K No change
AAPL Apple Inc. 0.17% 3,173 $651K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.16% 82,003 $592K Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.15% 1,204 $585K Add +3.7%
IXN iShares Global Tech ETF 0.15% 6,076 $561K Reduce -13.8%
ARCC Ares Capital Corp. 0.14% 24,295 $534K Reduce -24.0%
GSBD Goldman Sachs BDC Inc. 0.14% 46,852 $527K Reduce -16.9%
FSK FS KKR Capital Corp. 0.14% 25,137 $522K Reduce -23.4%
GBDC Golub Capital BDC Inc. 0.14% 35,566 $521K Reduce -23.4%
OCSL Oaktree Specialty Lending Co. 0.14% 37,714 $515K Reduce -14.8%
OBDC Blue Owl Capital Corp. 0.14% 35,861 $514K Reduce -23.6%
IYH iShares U.S. Healthcare ETF 0.13% 8,471 $478K Reduce -63.6%
ICLN iShares Global Clean Energy 0.12% 35,514 $466K No change
BUR Burford Capital Ltd. 0.11% 37,000 $433K No change
DGRO iShares Core Dividend Growth 0.11% 6,331 $405K Reduce -3.3%
IYF iShares US Financials ETF 0.10% 3,113 $377K Reduce -3.2%
BABA Alibaba Group Holding-SP ADR 0.10% 3,296 $374K Reduce -10.4%
LLY Eli Lilly & Co. 0.09% 436 $340K No change
CRWD CrowdStrike Holdings Inc. Class A 0.09% 661 $337K No change
HYXF iShares ESG Adv High Yield 0.09% 7,078 $336K Reduce -47.5%
IEMG iShares Core MSCI Emerging 0.09% 5,444 $327K No change
EEMA iShares MSCI Emerg MRKT Asia 0.09% 3,955 $326K No change
IYW iShares Ustechnology ETF 0.08% 1,722 $298K No change
CRWV Coreweave Inc. Class A 0.08% 1,750 $285K New
QQQ Invesco QQQ Trust Series 1 0.07% 500 $276K New
ORCL Oracle Corp. 0.07% 1,253 $274K New
DASH DoorDash Inc. Class A 0.07% 1,082 $267K New
FLOT iShares Floating Rate Bond E 0.07% 5,060 $258K No change
AVB Avalonbay Communities Inc. 0.06% 1,170 $238K No change
QCOM Qualcomm Inc. 0.06% 1,467 $234K No change
SE Sea Ltd.-ADR 0.05% 1,290 $206K New
SHY iShares 1-3 Year Treasury Bo 0.05% 2,470 $205K No change
LMND Lemonade Inc. 0.05% 4,600 $202K New
NVTS Navitas Semiconductor Corp. 0.02% 12,000 $79K New
PLUG Plug Power Inc. 0.02% 48,887 $73K Add +17.6%
VIOT Viomi Technology Co. Ltd.-ADR 0.01% 34,000 $46K No change
ZEPP Zepp Health Corp.-ADR 0.01% 10,750 $29K No change

Portfolio Sells Q1 2025 → Q2 2025
USMV iShares MSCI USA Min Vol Fac Reduce -18.7% 1.04% −0.45
IYH iShares U.S. Healthcare ETF Reduce -63.6% 0.13% −0.31
HYXF iShares ESG Adv High Yield Reduce -47.5% 0.09% −0.10
GBDC Golub Capital BDC Inc. Reduce -23.4% 0.14% −0.08
ARCC Ares Capital Corp. Reduce -24.0% 0.14% −0.08
OBDC Blue Owl Capital Corp. Reduce -23.6% 0.14% −0.08
FSK FS KKR Capital Corp. Reduce -23.4% 0.14% −0.07
OCSL Oaktree Specialty Lending Co. Reduce -14.8% 0.14% −0.07
GSBD Goldman Sachs BDC Inc. Reduce -16.9% 0.14% −0.06
BABA Alibaba Group Holding-SP ADR Reduce -10.4% 0.10% −0.05
PLTR Palantir Technologies Inc. Class A Reduce -30.3% 0.70% −0.03
DGRO iShares Core Dividend Growth Reduce -3.3% 0.11% −0.02
IXN iShares Global Tech ETF Reduce -13.8% 0.15% −0.02
IYF iShares US Financials ETF Reduce -3.2% 0.10% −0.01
DIS The Walt Disney Co. Reduce -6.1% 1.16% +0.01
SBSW Sibanye-Stillwater Ltd.-ADR Reduce -1.1% 0.16% +0.04
MSFT Microsoft Corp. Reduce -1.0% 2.89% +0.32

Portfolio Buys Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Add +23.3% 5.72% +0.83
FLS Flowserve Corp. New 0.69% +0.69
MU Micron Technology Inc. Add +16.3% 1.77% +0.52
IPAC iShares Core MSCI Pacific Et Add +24.1% 2.81% +0.42
META Meta Platforms Inc. Class A Add +2.2% 3.73% +0.41
AMD Advanced Micro Devices Add +0.3% 1.97% +0.31
NVDA Nvidia Corp. Add +32.5% 0.51% +0.20
IWM iShares Russell 2000 ETF Add +27.6% 1.13% +0.17
MOO Vaneck Agribusiness ETF Add +24.6% 0.77% +0.10
CRWV Coreweave Inc. Class A New 0.08% +0.08
QQQ Invesco QQQ Trust Series 1 New 0.07% +0.07
ORCL Oracle Corp. New 0.07% +0.07
TSLA Tesla Inc. Add +33.8% 0.25% +0.07
DASH DoorDash Inc. Class A New 0.07% +0.07
SE Sea Ltd.-ADR New 0.05% +0.05
LMND Lemonade Inc. New 0.05% +0.05
AMZN Amazon.com Inc. Add +6.5% 0.49% +0.02
NVTS Navitas Semiconductor Corp. New 0.02% +0.02
PLUG Plug Power Inc. Add +17.6% 0.02% +0.00
GOOGL Alphabet Inc. Class A Add +2.4% 2.39% +0.00
DE Deere & Co. Add +0.7% 0.37% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +3.7% 0.15% −0.04
IVV iShares Core S&P 500 ETF Add +4.1% 36.80% −0.51

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