Nan Shan Life Insurance Co., Ltd.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Nan Shan Life Insurance Co., Ltd. reported 104 stock positions worth $4.3 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 8.7% of the portfolio, followed by SS SPDR PF LNG TRM TSY E-Usd (SPTL, 7.2%) and Vanguard Long-Term Treasury (VGLT, 4.3%). Compared with Q4 2023, it opened 13 new positions, sold out of 3, added to 25 and reduced 36. The biggest buy was a new position in Synopsys (SNPS) and the biggest sale Prologis (PLD, shares −87%).

Most Recent 13F
Q2 2026
Location
Taipei City, F5
CIK
0001730464
Portfolio Value
$4.3B (Q1 2024)
SEC Filing
0000950103-24-006625 ↗ filed May 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.3B $4.3B Q1 2024 Q2 2024: $4.2B Q2 2024 Q3 2024: $4.2B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $4.2B Q1 2025 Q2 2025: $4.5B Q2 2025 Q3 2025: $4.7B Q3 2025 Q4 2025: $3.3B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $3.2B Q2 2026

Holdings 104 stocks · $4.3B
TLT iShares 20+ Year Treasury BD 8.71% 3,913,679 $370.3M No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 7.20% 10,956,900 $306.1M No change
VGLT Vanguard Long-Term Treasury 4.27% 3,063,500 $181.5M No change
GOOGL Alphabet Inc. Class A 3.85% 1,084,067 $163.6M Add +19.0%
QCOM Qualcomm Inc. 3.23% 812,130 $137.5M Reduce -4.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.35% 1,284,652 $99.9M No change
AMZN Amazon.com Inc. 2.26% 533,438 $96.2M Reduce -3.0%
MSFT Microsoft Corp. 2.26% 228,127 $96.0M Add +24.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.99% 691,896 $84.7M Reduce -2.5%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 1.89% 1,006,117 $80.1M No change
BMY Bristol-Myers Squibb Co. 1.70% 1,330,953 $72.2M No change
NKE Nike Inc. Class B 1.67% 753,915 $70.9M No change
NVDA Nvidia Corp. 1.63% 76,650 $69.3M Reduce -31.1%
INTC Intel Corp. 1.57% 1,507,977 $66.6M Add +12.1%
O Realty Income Corp. 1.53% 1,200,173 $64.9M Add +62.5%
VZ Verizon Communications Inc. 1.53% 1,547,361 $64.9M Reduce -0.0%
AMT American Tower Corp. 1.51% 324,366 $64.1M No change
AAPL Apple Inc. 1.46% 361,504 $62.0M Add +7.5%
FCX Freeport-McMoran Inc. 1.45% 1,307,972 $61.5M Add +5.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.39% 1,555,440 $59.0M No change
PSA Public Storage 1.35% 197,867 $57.4M No change
PG The Procter & Gamble Co. 1.32% 347,165 $56.3M Add +22.7%
EOG EOG Resources Inc. 1.25% 415,907 $53.2M Add +55.1%
MDT Medtronic PLC 1.22% 594,829 $51.8M No change
TXN Texas Instruments Inc. 1.20% 293,181 $51.1M Add +32.3%
RITM Rithm Capital Corp. 1.18% 4,490,978 $50.1M No change
UNH Unitedhealth Group Inc. 1.17% 100,160 $49.5M Add +134.7%
XOM Exxon Mobil Corp. 1.15% 418,779 $48.7M Reduce -1.1%
KMI Kinder Morgan Inc. 1.13% 2,628,550 $48.2M Add +48.4%
BP BP PLC-Spons ADR 1.11% 1,247,405 $47.0M Add +136.9%
CCI Crown Castle Inc. 1.10% 443,794 $47.0M Add +71.1%
B Barrick Gold Corp. 1.10% 2,816,147 $46.9M Add +48.1%
ADBE Adobe Inc. 1.00% 84,344 $42.6M Add +1737.2%
CVS CVS Health Corp. 1.00% 531,929 $42.4M No change
SNPS Synopsys Inc. 0.98% 72,767 $41.6M New
GILD Gilead Sciences Inc. 0.98% 567,304 $41.6M Add +97.7%
TMO Thermo Fisher Scientific Inc. 0.98% 71,322 $41.5M No change
ADI Analog Devices Inc. 0.95% 205,132 $40.6M Reduce -42.0%
KRE SS SPDR S&P Regional Bank 0.92% 781,297 $39.3M Add +47.2%
NFLX Netflix Inc. 0.90% 63,153 $38.4M Add +65.0%
SHEL Shell PLC-ADR 0.88% 556,310 $37.3M No change
SDY SS SPDR S&P Dividend ETF 0.87% 283,410 $37.2M New
NEM Newmont Corp. 0.87% 1,036,876 $37.2M Reduce -0.1%
GS Goldman Sachs Group Inc. 0.84% 85,901 $35.9M Reduce -35.8%
V Visa Inc. Class A 0.84% 128,300 $35.8M Reduce -22.2%
XYZ Block Inc. 0.84% 420,698 $35.6M New
SPGI S&P Global Inc. 0.82% 81,957 $34.9M Add +39.1%
SMH Vaneck Semiconductor ETF 0.79% 150,138 $33.8M Add +120.7%
JNK SS SPDR BB High Yield Bond 0.76% 337,566 $32.1M No change
JNJ Johnson & Johnson 0.75% 201,215 $31.8M No change
IJR iShares Core S&P Small-Cap E 0.75% 286,705 $31.7M Add +2.1%
RCL Royal Caribbean Cruises Ltd. 0.74% 227,622 $31.6M Add +763.9%
CME Cme Group Inc. 0.73% 144,433 $31.1M Add +59.7%
KREF KKR Real Estate Finance Trus 0.73% 3,079,453 $31.0M No change
PYPL PayPal Holdings Inc. 0.71% 452,973 $30.3M Reduce -5.8%
TSLA Tesla Inc. 0.71% 172,525 $30.3M Add +38.5%
ON On Semiconductor 0.66% 379,967 $27.9M Reduce -10.8%
EQIX Equinix Inc. 0.58% 29,896 $24.7M New
EXR Extra Space Storage Inc. 0.55% 160,376 $23.6M No change
VOO Vanguard S&P 500 ETF 0.53% 46,979 $22.6M Reduce -76.2%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.52% 847,545 $22.3M No change
TRTX TPG Re Finance Trust Inc. 0.52% 2,853,485 $22.0M No change
MRVL Marvell Technology Inc. 0.52% 309,918 $22.0M Reduce -62.9%
VLUE iShares MSCI USA Value Facto 0.45% 178,027 $19.3M New
MA Mastercard Inc. Class A 0.43% 37,800 $18.2M No change
HST Host Hotels & Resorts Inc. 0.42% 864,197 $17.9M Add +268.7%
AMAT Applied Materials Inc. 0.41% 84,443 $17.4M Reduce -19.9%
EW Edwards Lifesciences Corp. 0.41% 181,800 $17.4M New
WOLF Wolfspeed Inc. 0.38% 542,876 $16.0M Reduce -6.3%
AMD Advanced Micro Devices 0.37% 86,242 $15.6M Reduce -81.5%
CSCO Cisco Systems Inc. 0.35% 297,832 $14.9M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.34% 260,118 $14.3M No change
CRM Salesforce Inc. 0.33% 47,153 $14.2M Reduce -80.2%
KBWB Invesco KBW Bank ETF 0.30% 240,695 $12.9M No change
XLE SS Energy Select Sector 0.26% 116,960 $11.0M New
PLD Prologis Inc. 0.26% 83,697 $10.9M Reduce -87.0%
REXR Rexford Industrial Realty Inc. 0.24% 205,957 $10.4M New
META Meta Platforms Inc. Class A 0.24% 21,126 $10.3M Reduce -61.2%
LEN Lennar Corp. Class A 0.21% 52,642 $9.1M New
ILMN Illumina Inc. 0.19% 60,291 $8.3M Reduce -19.1%
AVB Avalonbay Communities Inc. 0.17% 39,815 $7.4M No change
NOW ServiceNow Inc. 0.17% 9,568 $7.3M Reduce -48.5%
MU Micron Technology Inc. 0.17% 60,582 $7.1M Reduce -86.3%
IGV iShares Expanded Tech-Softwa 0.17% 82,296 $7.0M Reduce -28.2%
XLV SS Health Care Select Sector 0.15% 44,200 $6.5M New
XBI SS SPDR S&P Biotech ETF 0.15% 65,024 $6.2M Reduce -5.6%
EWJ iShares MSCI Japan ETF 0.14% 86,000 $6.1M New
GDX Vaneck Gold Miners ETF 0.14% 191,501 $6.1M No change
COLD Americold Realty Trust Inc. 0.14% 237,813 $5.9M New
VPU Vanguard Utilities ETF 0.14% 41,400 $5.9M No change
NXPI NXP Semiconductors NV 0.13% 22,463 $5.6M Reduce -57.2%
JPM JPMorgan Chase & Co. 0.12% 25,587 $5.1M Reduce -75.2%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.09% 25,083 $3.9M Reduce -0.5%
YUMC Yum China Holdings Inc. 0.09% 94,800 $3.7M Reduce -0.7%
SWKS Skyworks Solutions Inc. 0.08% 32,285 $3.5M Reduce -0.6%
MCHI iShares MSCI China ETF 0.08% 82,911 $3.3M Reduce -38.9%
LULU Lululemon Athletica Inc. 0.07% 7,344 $2.9M Reduce -74.1%
ICLN iShares Global Clean Energy 0.06% 179,520 $2.5M Reduce -16.1%
ASML ASML Holding NV-NY Reg SHS 0.04% 1,921 $1.9M Reduce -96.3%
ISRG Intuitive Surgical Inc. 0.04% 4,132 $1.6M Reduce -97.2%
IQV Iqvia Holdings Inc. 0.03% 5,430 $1.4M No change
BOTZ Global X Robotics & Artifici 0.03% 43,000 $1.4M No change
COST Costco Wholesale Corp. 0.03% 1,697 $1.2M Reduce -76.4%
VOX Vanguard Communication Servi 0.02% 7,142 $937K New

Portfolio Sells Q4 2023 → Q1 2024
PLD Prologis Inc. Reduce -87.0% 0.26% −1.82
VOO Vanguard S&P 500 ETF Reduce -76.2% 0.53% −1.55
AMD Advanced Micro Devices Reduce -81.5% 0.37% −1.29
ISRG Intuitive Surgical Inc. Reduce -97.2% 0.04% −1.18
CRM Salesforce Inc. Reduce -80.2% 0.33% −1.18
ASML ASML Holding NV-NY Reg SHS Reduce -96.3% 0.04% −0.91
MU Micron Technology Inc. Reduce -86.3% 0.17% −0.75
ADI Analog Devices Inc. Reduce -42.0% 0.95% −0.74
MRVL Marvell Technology Inc. Reduce -62.9% 0.52% −0.70
DLR Digital Realty Trust Inc. Sold out 0.00% −0.48
GS Goldman Sachs Group Inc. Reduce -35.8% 0.84% −0.40
IHI iShares U.S. Medical Devices Sold out 0.00% −0.37
JPM JPMorgan Chase & Co. Reduce -75.2% 0.12% −0.30
LULU Lululemon Athletica Inc. Reduce -74.1% 0.07% −0.28
WOLF Wolfspeed Inc. Reduce -6.3% 0.38% −0.23
META Meta Platforms Inc. Class A Reduce -61.2% 0.24% −0.22
ON On Semiconductor Reduce -10.8% 0.66% −0.20
V Visa Inc. Class A Reduce -22.2% 0.84% −0.20
NEM Newmont Corp. Reduce -0.1% 0.87% −0.16
NXPI NXP Semiconductors NV Reduce -57.2% 0.13% −0.16
REG Regency Centers Corp. Sold out 0.00% −0.15
NOW ServiceNow Inc. Reduce -48.5% 0.17% −0.15
COST Costco Wholesale Corp. Reduce -76.4% 0.03% −0.09
IGV iShares Expanded Tech-Softwa Reduce -28.2% 0.17% −0.06
MCHI iShares MSCI China ETF Reduce -38.9% 0.08% −0.06
ILMN Illumina Inc. Reduce -19.1% 0.19% −0.06
ICLN iShares Global Clean Energy Reduce -16.1% 0.06% −0.02
YUMC Yum China Holdings Inc. Reduce -0.7% 0.09% −0.01
SWKS Skyworks Solutions Inc. Reduce -0.6% 0.08% −0.01
XBI SS SPDR S&P Biotech ETF Reduce -5.6% 0.15% −0.00
AMAT Applied Materials Inc. Reduce -19.9% 0.41% −0.00
PYPL PayPal Holdings Inc. Reduce -5.8% 0.71% +0.00
EL Estee Lauder Companies Class A Reduce -0.5% 0.09% +0.00
VZ Verizon Communications Inc. Reduce -0.0% 1.53% +0.12
XOM Exxon Mobil Corp. Reduce -1.1% 1.15% +0.12
AMZN Amazon.com Inc. Reduce -3.0% 2.26% +0.24
QCOM Qualcomm Inc. Reduce -4.6% 3.23% +0.26
NVDA Nvidia Corp. Reduce -31.1% 1.63% +0.30
DIS The Walt Disney Co. Reduce -2.5% 1.99% +0.44

Portfolio Buys Q4 2023 → Q1 2024
SNPS Synopsys Inc. New 0.98% +0.98
ADBE Adobe Inc. Add +1737.2% 1.00% +0.93
SDY SS SPDR S&P Dividend ETF New 0.87% +0.87
XYZ Block Inc. New 0.84% +0.84
GOOGL Alphabet Inc. Class A Add +19.0% 3.85% +0.77
RCL Royal Caribbean Cruises Ltd. Add +763.9% 0.74% +0.66
BP BP PLC-Spons ADR Add +136.9% 1.11% +0.66
UNH Unitedhealth Group Inc. Add +134.7% 1.17% +0.62
MSFT Microsoft Corp. Add +24.9% 2.26% +0.60
EQIX Equinix Inc. New 0.58% +0.58
SMH Vaneck Semiconductor ETF Add +120.7% 0.79% +0.51
O Realty Income Corp. Add +62.5% 1.53% +0.50
EOG EOG Resources Inc. Add +55.1% 1.25% +0.47
VLUE iShares MSCI USA Value Facto New 0.45% +0.45
NFLX Netflix Inc. Add +65.0% 0.90% +0.45
GILD Gilead Sciences Inc. Add +97.7% 0.98% +0.42
EW Edwards Lifesciences Corp. New 0.41% +0.41
CCI Crown Castle Inc. Add +71.1% 1.10% +0.38
KMI Kinder Morgan Inc. Add +48.4% 1.13% +0.38
PG The Procter & Gamble Co. Add +22.7% 1.32% +0.32
HST Host Hotels & Resorts Inc. Add +268.7% 0.42% +0.31
TXN Texas Instruments Inc. Add +32.3% 1.20% +0.29
B Barrick Gold Corp. Add +48.1% 1.10% +0.27
CME Cme Group Inc. Add +59.7% 0.73% +0.27
XLE SS Energy Select Sector New 0.26% +0.26
KRE SS SPDR S&P Regional Bank Add +47.2% 0.92% +0.25
REXR Rexford Industrial Realty Inc. New 0.24% +0.24
LEN Lennar Corp. Class A New 0.21% +0.21
SPGI S&P Global Inc. Add +39.1% 0.82% +0.19
FCX Freeport-McMoran Inc. Add +5.8% 1.45% +0.18
XLV SS Health Care Select Sector New 0.15% +0.15
EWJ iShares MSCI Japan ETF New 0.14% +0.14
COLD Americold Realty Trust Inc. New 0.14% +0.14
VOX Vanguard Communication Servi New 0.02% +0.02
IJR iShares Core S&P Small-Cap E Add +2.1% 0.75% +0.01
TSLA Tesla Inc. Add +38.5% 0.71% −0.03
INTC Intel Corp. Add +12.1% 1.57% −0.07
AAPL Apple Inc. Add +7.5% 1.46% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 82$3.2BGOOGL, AAPL, NVDA, MSFT, AMD
Q1 2026 87$2.8BGOOGL, COST, AAPL, VZ, QCOM
Q4 2025 82$3.3BTLT, SPTL, VGLT, QCOM, V
Q3 2025 103$4.7BTLT, SPTL, VGLT, AAPL, GOOGL
Q2 2025 116$4.5BTLT, SPTL, VGLT, AAPL, VZ
Q1 2025 112$4.2BTLT, SPTL, VGLT, MSFT, AAPL
Q4 2024 111$4.2BTLT, SPTL, VGLT, MSFT, GOOGL
Q3 2024 98$4.2BTLT, SPTL, GOOGL, VGLT, MSFT
Q2 2024 104$4.2BTLT, SPTL, VGLT, MSFT, GOOGL
Q1 2024 104$4.3BTLT, SPTL, VGLT, GOOGL, QCOM