Mandatum Life Insurance Co Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Mandatum Life Insurance Co Ltd reported 81 stock positions worth $418.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 37.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.5%) and iShares Core MSCI Pacific Et (IPAC, 3.2%). Compared with Q2 2025, it opened 13 new positions, sold out of 14, added to 18 and reduced 16. The biggest buy was a new position in GE Healthcare Technology (GEHC) and the biggest sale Meta Platforms Class A (META, shares −11%).

Most Recent 13F
Q2 2026
Location
HELSINKI, H9
CIK
0001664324
Portfolio Value
$418.6M (Q3 2025)
SEC Filing
0001664324-25-000005 ↗ filed Nov 6, 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 Q2 2025 Q3 2025: $418.6M $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 · $418.6M
IVV iShares Core S&P 500 ETF 37.76% 236,197 $158.1M Add +4.9%
VOO Vanguard S&P 500 ETF 6.52% 44,542 $27.3M Add +16.3%
IPAC iShares Core MSCI Pacific Et 3.23% 184,067 $13.5M Add +18.3%
GOOGL Alphabet Inc. Class A 3.01% 51,791 $12.6M Add +0.7%
META Meta Platforms Inc. Class A 3.00% 17,117 $12.6M Reduce -10.9%
MSFT Microsoft Corp. 2.77% 22,401 $11.6M Add +1.4%
JPM JPMorgan Chase & Co. 2.30% 30,502 $9.6M Reduce -11.6%
CSCO Cisco Systems Inc. 2.30% 140,464 $9.6M No change
C Citigroup Inc. 2.07% 85,383 $8.7M No change
MA Mastercard Inc. Class A 1.94% 14,249 $8.1M No change
GEHC GE Healthcare Technology 1.79% 100,037 $7.5M New
MU Micron Technology Inc. 1.79% 44,731 $7.5M Reduce -18.1%
AMD Advanced Micro Devices 1.75% 45,347 $7.3M Reduce -14.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.59% 128,910 $6.7M No change
EMR Emerson Electric Co. 1.57% 50,000 $6.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.55% 45,000 $6.5M No change
V Visa Inc. Class A 1.49% 18,332 $6.3M No change
ROK Rockwell Automation Inc. 1.46% 17,500 $6.1M Reduce -30.0%
IJR iShares Core S&P Small-Cap E 1.38% 48,720 $5.8M No change
IWM iShares Russell 2000 ETF 1.36% 23,612 $5.7M Add +18.6%
MDT Medtronic PLC 1.35% 59,138 $5.6M No change
GAP The Gap Inc. 1.28% 250,000 $5.3M Add +25.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.97% 35,376 $4.1M Reduce -0.2%
CARR Carrier Global Corp. 0.96% 67,542 $4.0M Add +1.2%
TGT Target Corp. 0.96% 44,723 $4.0M Add +18.6%
USMV iShares MSCI USA Min Vol Fac 0.94% 41,527 $4.0M Reduce -1.5%
HUM Humana Inc. 0.87% 14,000 $3.6M No change
MOO Vaneck Agribusiness ETF 0.85% 48,588 $3.6M Add +22.7%
PLTR Palantir Technologies Inc. Class A 0.79% 18,050 $3.3M Reduce -7.6%
KMB Kimberly-Clark Corp. 0.78% 26,249 $3.3M No change
ABNB Airbnb Inc. Class A 0.66% 22,600 $2.7M No change
FLS Flowserve Corp. 0.63% 50,000 $2.7M No change
CL Colgate-Palmolive Co. 0.62% 32,500 $2.6M No change
EEM iShares MSCI Emerging Market 0.54% 42,083 $2.2M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.53% 27,237 $2.2M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.50% 18,802 $2.1M No change
CMCSA Comcast Corp. Class A 0.49% 65,224 $2.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.46% 2,885 $1.9M No change
TSLA Tesla Inc. 0.39% 3,653 $1.6M Add +24.3%
DE Deere & Co. 0.31% 2,798 $1.3M Add +0.8%
NVDA Nvidia Corp. 0.31% 6,846 $1.3M Reduce -44.2%
SBSW Sibanye-Stillwater Ltd.-ADR 0.26% 98,553 $1.1M Add +20.2%
IJS iShares S&P Small-Cap 600 Va 0.23% 8,712 $963K No change
AMZN Amazon.com Inc. 0.23% 4,303 $945K Reduce -49.7%
APLD Applied Digital Corp. 0.22% 40,300 $924K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.22% 10,231 $902K No change
IREN Iren Ltd. filed as IREN LIMITED 0.19% 17,000 $798K New
AAPL Apple Inc. 0.18% 2,882 $734K Reduce -9.2%
STLA Stellantis NV 0.16% 73,476 $678K No change
BABA Alibaba Group Holding-SP ADR 0.15% 3,496 $625K Add +6.1%
APP AppLovin Corp. Class A 0.14% 790 $568K New
BRK.B Berkshire Hathaway Inc. Class B 0.13% 1,116 $561K Reduce -7.3%
ICLN iShares Global Clean Energy 0.12% 33,782 $523K Reduce -4.9%
IXN iShares Global Tech ETF 0.12% 4,846 $500K Reduce -20.2%
IYH iShares U.S. Healthcare ETF 0.12% 8,471 $497K No change
BUR Burford Capital Ltd. 0.11% 37,000 $440K No change
DGRO iShares Core Dividend Growth 0.10% 6,331 $431K No change
ALAB Astera Labs Inc. 0.10% 2,050 $401K New
IYF iShares US Financials ETF 0.09% 3,113 $394K No change
CRWV Coreweave Inc. Class A 0.09% 2,750 $376K Add +57.1%
EEMA iShares MSCI Emerg MRKT Asia 0.09% 3,955 $363K No change
IEMG iShares Core MSCI Emerging 0.09% 5,444 $359K No change
ZEPP Zepp Health Corp.-ADR 0.08% 7,750 $355K Reduce -27.9%
IYW iShares Ustechnology ETF 0.08% 1,722 $337K No change
CRWD CrowdStrike Holdings Inc. Class A 0.08% 661 $324K No change
ORCL Oracle Corp. 0.08% 1,123 $316K Reduce -10.4%
DASH DoorDash Inc. Class A 0.07% 1,082 $294K No change
NVTS Navitas Semiconductor Corp. 0.07% 40,500 $292K Add +237.5%
SE Sea Ltd.-ADR 0.07% 1,540 $275K Add +19.4%
AVGO Broadcom Inc. 0.06% 800 $264K New
FLOT iShares Floating Rate Bond E 0.06% 5,060 $258K No change
IWB iShares Russell 1000 ETF 0.05% 581 $212K New
CRBN Ish Low Car Opt Ms Ac ETF-US 0.05% 925 $210K New
WMT Walmart Inc. 0.05% 2,010 $207K New
VTI VG Morningstar TS MKT ETF-US 0.05% 628 $206K New
SHY iShares 1-3 Year Treasury Bo 0.05% 2,470 $205K No change
PFE Pfizer Inc. 0.05% 8,041 $205K New
AMCR Amcor PLC 0.04% 20,180 $165K New
PLUG Plug Power Inc. 0.03% 58,747 $137K Add +20.2%
VIOT Viomi Technology Co. Ltd.-ADR 0.03% 34,000 $114K No change
GRAB Grab Holdings Ltd. Class A 0.02% 15,000 $90K New

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -10.9% 3.00% −0.73
ROK Rockwell Automation Inc. Reduce -30.0% 1.46% −0.72
JPM JPMorgan Chase & Co. Reduce -11.6% 2.30% −0.33
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.32
FLNC Fluence Energy Inc. Sold out 0.00% −0.29
AMZN Amazon.com Inc. Reduce -49.7% 0.23% −0.27
AMD Advanced Micro Devices Reduce -14.1% 1.75% −0.22
NVDA Nvidia Corp. Reduce -44.2% 0.31% −0.21
DIS The Walt Disney Co. Reduce -0.2% 0.97% −0.19
ARCC Ares Capital Corp. Sold out 0.00% −0.14
GSBD Goldman Sachs BDC Inc. Sold out 0.00% −0.14
FSK FS KKR Capital Corp. Sold out 0.00% −0.14
GBDC Golub Capital BDC Inc. Sold out 0.00% −0.14
OCSL Oaktree Specialty Lending Co. Sold out 0.00% −0.14
OBDC Blue Owl Capital Corp. Sold out 0.00% −0.14
USMV iShares MSCI USA Min Vol Fac Reduce -1.5% 0.94% −0.10
LLY Eli Lilly & Co. Sold out 0.00% −0.09
HYXF iShares ESG Adv High Yield Sold out 0.00% −0.09
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.07
AVB Avalonbay Communities Inc. Sold out 0.00% −0.06
QCOM Qualcomm Inc. Sold out 0.00% −0.06
LMND Lemonade Inc. Sold out 0.00% −0.05
IXN iShares Global Tech ETF Reduce -20.2% 0.12% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.3% 0.13% −0.02
ICLN iShares Global Clean Energy Reduce -4.9% 0.12% +0.00
ORCL Oracle Corp. Reduce -10.4% 0.08% +0.00
AAPL Apple Inc. Reduce -9.2% 0.18% +0.00
MU Micron Technology Inc. Reduce -18.1% 1.79% +0.02
ZEPP Zepp Health Corp.-ADR Reduce -27.9% 0.08% +0.08
PLTR Palantir Technologies Inc. Class A Reduce -7.6% 0.79% +0.09

Portfolio Buys Q2 2025 → Q3 2025
GEHC GE Healthcare Technology New 1.79% +1.79
IVV iShares Core S&P 500 ETF Add +4.9% 37.76% +0.96
VOO Vanguard S&P 500 ETF Add +16.3% 6.52% +0.79
GOOGL Alphabet Inc. Class A Add +0.7% 3.01% +0.62
IPAC iShares Core MSCI Pacific Et Add +18.3% 3.23% +0.41
IWM iShares Russell 2000 ETF Add +18.6% 1.36% +0.23
APLD Applied Digital Corp. New 0.22% +0.22
IREN Iren Ltd. New 0.19% +0.19
TSLA Tesla Inc. Add +24.3% 0.39% +0.14
APP AppLovin Corp. Class A New 0.14% +0.14
GAP The Gap Inc. Add +25.0% 1.28% +0.13
SBSW Sibanye-Stillwater Ltd.-ADR Add +20.2% 0.26% +0.11
ALAB Astera Labs Inc. New 0.10% +0.10
MOO Vaneck Agribusiness ETF Add +22.7% 0.85% +0.09
AVGO Broadcom Inc. New 0.06% +0.06
BABA Alibaba Group Holding-SP ADR Add +6.1% 0.15% +0.05
IWB iShares Russell 1000 ETF New 0.05% +0.05
CRBN Ish Low Car Opt Ms Ac ETF-US New 0.05% +0.05
WMT Walmart Inc. New 0.05% +0.05
NVTS Navitas Semiconductor Corp. Add +237.5% 0.07% +0.05
VTI VG Morningstar TS MKT ETF-US New 0.05% +0.05
PFE Pfizer Inc. New 0.05% +0.05
AMCR Amcor PLC New 0.04% +0.04
GRAB Grab Holdings Ltd. Class A New 0.02% +0.02
CRWV Coreweave Inc. Class A Add +57.1% 0.09% +0.01
PLUG Plug Power Inc. Add +20.2% 0.03% +0.01
SE Sea Ltd.-ADR Add +19.4% 0.07% +0.01
TGT Target Corp. Add +18.6% 0.96% −0.02
DE Deere & Co. Add +0.8% 0.31% −0.07
MSFT Microsoft Corp. Add +1.4% 2.77% −0.12
CARR Carrier Global Corp. Add +1.2% 0.96% −0.32

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