Nan Shan Life Insurance Co., Ltd.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Nan Shan Life Insurance Co., Ltd. reported 104 stock positions worth $4.2 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 8.5% of the portfolio, followed by SS SPDR PF LNG TRM TSY E-Usd (SPTL, 7.1%) and Vanguard Long-Term Treasury (VGLT, 4.2%). Compared with Q1 2024, it opened 6 new positions, sold out of 6, added to 31 and reduced 39. The biggest buy was Advanced Micro Devices (AMD, shares +588%) and the biggest sale Qualcomm (QCOM, shares −96%).

Most Recent 13F
Q2 2026
Location
Taipei City, F5
CIK
0001730464
Portfolio Value
$4.2B (Q2 2024)
SEC Filing
0000950103-24-012171 ↗ filed Aug 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.3B Q1 2024 Q2 2024: $4.2B $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 · $4.2B
TLT iShares 20+ Year Treasury BD 8.55% 3,936,814 $361.3M Add +0.6%
SPTL SS SPDR PF LNG TRM TSY E-Usd 7.05% 10,956,900 $298.2M No change
VGLT Vanguard Long-Term Treasury 4.18% 3,063,500 $176.7M No change
MSFT Microsoft Corp. 3.60% 340,799 $152.3M Add +49.4%
GOOGL Alphabet Inc. Class A 3.51% 814,208 $148.3M Reduce -24.9%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.34% 1,284,652 $99.1M No change
AMD Advanced Micro Devices 2.28% 593,381 $96.3M Add +588.0%
AAPL Apple Inc. 2.27% 455,764 $96.0M Add +26.1%
MA Mastercard Inc. Class A 2.04% 195,040 $86.0M Add +416.0%
NOW ServiceNow Inc. 2.00% 107,674 $84.7M Add +1025.4%
V Visa Inc. Class A 1.96% 315,084 $82.7M Add +145.6%
AMZN Amazon.com Inc. 1.93% 422,318 $81.6M Reduce -20.8%
NVDA Nvidia Corp. 1.69% 577,408 $71.3M Reduce -24.7%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 1.62% 970,368 $68.3M Reduce -3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.59% 675,796 $67.1M Reduce -2.3%
VZ Verizon Communications Inc. 1.51% 1,547,361 $63.8M No change
AMT American Tower Corp. 1.49% 324,366 $63.1M No change
NKE Nike Inc. Class B 1.34% 753,915 $56.8M No change
BMY Bristol-Myers Squibb Co. 1.28% 1,302,657 $54.1M Reduce -2.1%
UNH Unitedhealth Group Inc. 1.21% 100,160 $51.0M No change
NFLX Netflix Inc. 1.18% 73,835 $49.8M Add +16.9%
RITM Rithm Capital Corp. 1.16% 4,490,978 $49.0M No change
EW Edwards Lifesciences Corp. 1.15% 526,302 $48.6M Add +189.5%
COST Costco Wholesale Corp. 1.15% 57,050 $48.5M Add +3261.8%
ADBE Adobe Inc. 1.11% 84,344 $46.9M No change
MDT Medtronic PLC 1.11% 594,829 $46.8M No change
LEN Lennar Corp. Class A 1.10% 311,568 $46.7M Add +491.9%
INTC Intel Corp. 1.09% 1,488,222 $46.1M Reduce -1.3%
TSLA Tesla Inc. 1.08% 231,265 $45.8M Add +34.0%
SDY SS SPDR S&P Dividend ETF 1.07% 357,410 $45.5M Add +26.1%
BP BP PLC-Spons ADR 1.06% 1,247,405 $45.0M No change
GILD Gilead Sciences Inc. 1.04% 640,350 $43.9M Add +12.9%
EOG EOG Resources Inc. 1.04% 348,502 $43.9M Reduce -16.2%
NEM Newmont Corp. 1.03% 1,036,876 $43.4M No change
CCI Crown Castle Inc. 1.03% 443,794 $43.4M No change
VLUE iShares MSCI USA Value Facto 1.01% 413,628 $42.8M Add +132.3%
PSA Public Storage 1.00% 147,066 $42.3M Reduce -25.7%
TMO Thermo Fisher Scientific Inc. 1.00% 76,322 $42.2M Add +7.0%
SPGI S&P Global Inc. 0.99% 94,158 $42.0M Add +14.9%
ISRG Intuitive Surgical Inc. 0.97% 92,237 $41.0M Add +2132.3%
B Barrick Gold Corp. 0.96% 2,446,260 $40.8M Reduce -13.1%
META Meta Platforms Inc. Class A 0.95% 79,852 $40.3M Add +278.0%
PLD Prologis Inc. 0.93% 350,760 $39.4M Add +319.1%
O Realty Income Corp. 0.92% 738,771 $39.0M Reduce -38.4%
KRE SS SPDR S&P Regional Bank 0.91% 781,297 $38.4M No change
CRM Salesforce Inc. 0.82% 134,665 $34.6M Add +185.6%
VLO Valero Energy Corp. 0.79% 213,892 $33.5M New
PG The Procter & Gamble Co. 0.77% 197,400 $32.6M Reduce -43.1%
LULU Lululemon Athletica Inc. 0.77% 108,586 $32.4M Add +1378.6%
JNK SS SPDR BB High Yield Bond 0.75% 337,566 $31.8M No change
CVS CVS Health Corp. 0.71% 507,075 $29.9M Reduce -4.7%
HST Host Hotels & Resorts Inc. 0.71% 1,659,528 $29.8M Add +92.0%
JNJ Johnson & Johnson 0.70% 201,215 $29.4M No change
CME Cme Group Inc. 0.67% 144,433 $28.4M No change
KREF KKR Real Estate Finance Trus 0.66% 3,079,453 $27.9M No change
XYZ Block Inc. 0.65% 424,693 $27.4M Add +0.9%
TXN Texas Instruments Inc. 0.65% 140,755 $27.4M Reduce -52.0%
XLE SS Energy Select Sector 0.63% 292,109 $26.6M Add +149.8%
ON On Semiconductor 0.61% 379,031 $26.0M Reduce -0.3%
PFE Pfizer Inc. 0.61% 918,681 $25.7M New
PYPL PayPal Holdings Inc. 0.60% 437,703 $25.4M Reduce -3.4%
TRTX TPG Re Finance Trust Inc. 0.58% 2,853,485 $24.7M No change
EQIX Equinix Inc. 0.54% 29,896 $22.6M No change
QQQX Nuveen Nasdaq 100 DYN Overwr 0.50% 847,545 $21.3M No change
MRVL Marvell Technology Inc. 0.48% 292,725 $20.5M Reduce -5.5%
VOX Vanguard Communication Servi 0.46% 141,837 $19.6M Add +1886.0%
SMH Vaneck Semiconductor ETF 0.43% 69,995 $18.2M Reduce -53.4%
IGV iShares Expanded Tech-Softwa 0.41% 200,050 $17.4M Add +143.1%
REXR Rexford Industrial Realty Inc. 0.38% 364,328 $16.2M Add +76.9%
IHI iShares U.S. Medical Devices 0.37% 275,789 $15.5M New
FCX Freeport-McMoran Inc. 0.35% 305,835 $14.9M Reduce -76.6%
EXR Extra Space Storage Inc. 0.35% 94,229 $14.6M Reduce -41.2%
KMI Kinder Morgan Inc. 0.35% 734,336 $14.6M Reduce -72.1%
XOM Exxon Mobil Corp. 0.34% 125,631 $14.5M Reduce -70.0%
CSCO Cisco Systems Inc. 0.33% 297,832 $14.1M No change
WOLF Wolfspeed Inc. 0.29% 539,472 $12.3M Reduce -0.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.29% 260,118 $12.3M No change
BOTZ Global X Robotics & Artifici 0.28% 390,000 $12.0M Add +807.0%
XLV SS Health Care Select Sector 0.21% 60,573 $8.8M Add +37.0%
EWJ iShares MSCI Japan ETF 0.20% 126,000 $8.6M Add +46.5%
AVB Avalonbay Communities Inc. 0.19% 39,815 $8.2M No change
RCL Royal Caribbean Cruises Ltd. 0.16% 42,415 $6.8M Reduce -81.4%
QCOM Qualcomm Inc. 0.15% 32,563 $6.5M Reduce -96.0%
ILMN Illumina Inc. 0.15% 59,829 $6.2M Reduce -0.8%
NXPI NXP Semiconductors NV 0.14% 22,463 $6.0M No change
XBI SS SPDR S&P Biotech ETF 0.14% 64,864 $6.0M Reduce -0.3%
MAA Mid-America Apartment Comm 0.14% 41,478 $5.9M New
ADI Analog Devices Inc. 0.13% 23,409 $5.3M Reduce -88.6%
JPM JPMorgan Chase & Co. 0.12% 25,587 $5.2M No change
SHEL Shell PLC-ADR 0.12% 68,888 $5.0M Reduce -87.6%
SNPS Synopsys Inc. 0.11% 7,880 $4.7M Reduce -89.2%
ITB iShares U.S. Home Constructi 0.08% 32,872 $3.3M New
WST West Pharmaceutical Services 0.08% 10,000 $3.3M New
MCHI iShares MSCI China ETF 0.08% 77,750 $3.3M Reduce -6.2%
SWKS Skyworks Solutions Inc. 0.07% 27,138 $2.9M Reduce -15.9%
YUMC Yum China Holdings Inc. 0.07% 92,400 $2.9M Reduce -2.5%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.06% 24,754 $2.6M Reduce -1.3%
IJR iShares Core S&P Small-Cap E 0.06% 23,194 $2.5M Reduce -91.9%
ICLN iShares Global Clean Energy 0.05% 162,120 $2.2M Reduce -9.7%
GS Goldman Sachs Group Inc. 0.05% 4,659 $2.1M Reduce -94.6%
ASML ASML Holding NV-NY Reg SHS 0.05% 1,921 $2.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 42,688 $1.7M Reduce -97.3%
IQV Iqvia Holdings Inc. 0.03% 5,430 $1.1M No change
MU Micron Technology Inc. 0.02% 5,582 $734K Reduce -90.8%

Portfolio Sells Q1 2024 → Q2 2024
QCOM Qualcomm Inc. Reduce -96.0% 0.15% −3.08
BAC Bank of America Corp. Reduce -97.3% 0.04% −1.35
FCX Freeport-McMoran Inc. Reduce -76.6% 0.35% −1.10
SNPS Synopsys Inc. Reduce -89.2% 0.11% −0.87
ADI Analog Devices Inc. Reduce -88.6% 0.13% −0.83
XOM Exxon Mobil Corp. Reduce -70.0% 0.34% −0.80
GS Goldman Sachs Group Inc. Reduce -94.6% 0.05% −0.79
KMI Kinder Morgan Inc. Reduce -72.1% 0.35% −0.79
SHEL Shell PLC-ADR Reduce -87.6% 0.12% −0.76
IJR iShares Core S&P Small-Cap E Reduce -91.9% 0.06% −0.69
O Realty Income Corp. Reduce -38.4% 0.92% −0.60
RCL Royal Caribbean Cruises Ltd. Reduce -81.4% 0.16% −0.58
PG The Procter & Gamble Co. Reduce -43.1% 0.77% −0.56
TXN Texas Instruments Inc. Reduce -52.0% 0.65% −0.55
VOO Vanguard S&P 500 ETF Sold out 0.00% −0.53
INTC Intel Corp. Reduce -1.3% 1.09% −0.48
BMY Bristol-Myers Squibb Co. Reduce -2.1% 1.28% −0.42
AMAT Applied Materials Inc. Sold out 0.00% −0.41
DIS The Walt Disney Co. Reduce -2.3% 1.59% −0.40
SMH Vaneck Semiconductor ETF Reduce -53.4% 0.43% −0.36
PSA Public Storage Reduce -25.7% 1.00% −0.35
GOOGL Alphabet Inc. Class A Reduce -24.9% 3.51% −0.34
AMZN Amazon.com Inc. Reduce -20.8% 1.93% −0.33
KBWB Invesco KBW Bank ETF Sold out 0.00% −0.30
CVS CVS Health Corp. Reduce -4.7% 0.71% −0.29
APTV Aptiv Irish Holdings Ltd. Reduce -3.5% 1.62% −0.27
EOG EOG Resources Inc. Reduce -16.2% 1.04% −0.21
EXR Extra Space Storage Inc. Reduce -41.2% 0.35% −0.21
MU Micron Technology Inc. Reduce -90.8% 0.02% −0.15
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.14
COLD Americold Realty Trust Inc. Sold out 0.00% −0.14
VPU Vanguard Utilities ETF Sold out 0.00% −0.14
B Barrick Gold Corp. Reduce -13.1% 0.96% −0.14
PYPL PayPal Holdings Inc. Reduce -3.4% 0.60% −0.11
WOLF Wolfspeed Inc. Reduce -0.6% 0.29% −0.09
ILMN Illumina Inc. Reduce -0.8% 0.15% −0.05
ON On Semiconductor Reduce -0.3% 0.61% −0.04
MRVL Marvell Technology Inc. Reduce -5.5% 0.48% −0.03
EL Estee Lauder Companies Class A Reduce -1.3% 0.06% −0.03
YUMC Yum China Holdings Inc. Reduce -2.5% 0.07% −0.02
SWKS Skyworks Solutions Inc. Reduce -15.9% 0.07% −0.01
ICLN iShares Global Clean Energy Reduce -9.7% 0.05% −0.01
XBI SS SPDR S&P Biotech ETF Reduce -0.3% 0.14% −0.00
MCHI iShares MSCI China ETF Reduce -6.2% 0.08% +0.00
NVDA Nvidia Corp. Reduce -24.7% 1.69% +0.06

Portfolio Buys Q1 2024 → Q2 2024
AMD Advanced Micro Devices Add +588.0% 2.28% +1.91
NOW ServiceNow Inc. Add +1025.4% 2.00% +1.83
MA Mastercard Inc. Class A Add +416.0% 2.04% +1.61
MSFT Microsoft Corp. Add +49.4% 3.60% +1.34
COST Costco Wholesale Corp. Add +3261.8% 1.15% +1.12
V Visa Inc. Class A Add +145.6% 1.96% +1.11
ISRG Intuitive Surgical Inc. Add +2132.3% 0.97% +0.93
LEN Lennar Corp. Class A Add +491.9% 1.10% +0.89
AAPL Apple Inc. Add +26.1% 2.27% +0.81
VLO Valero Energy Corp. New 0.79% +0.79
EW Edwards Lifesciences Corp. Add +189.5% 1.15% +0.74
META Meta Platforms Inc. Class A Add +278.0% 0.95% +0.71
LULU Lululemon Athletica Inc. Add +1378.6% 0.77% +0.70
PLD Prologis Inc. Add +319.1% 0.93% +0.68
PFE Pfizer Inc. New 0.61% +0.61
VLUE iShares MSCI USA Value Facto Add +132.3% 1.01% +0.56
CRM Salesforce Inc. Add +185.6% 0.82% +0.48
VOX Vanguard Communication Servi Add +1886.0% 0.46% +0.44
XLE SS Energy Select Sector Add +149.8% 0.63% +0.37
TSLA Tesla Inc. Add +34.0% 1.08% +0.37
IHI iShares U.S. Medical Devices New 0.37% +0.37
HST Host Hotels & Resorts Inc. Add +92.0% 0.71% +0.29
NFLX Netflix Inc. Add +16.9% 1.18% +0.28
BOTZ Global X Robotics & Artifici Add +807.0% 0.28% +0.25
IGV iShares Expanded Tech-Softwa Add +143.1% 0.41% +0.25
SDY SS SPDR S&P Dividend ETF Add +26.1% 1.07% +0.20
SPGI S&P Global Inc. Add +14.9% 0.99% +0.17
REXR Rexford Industrial Realty Inc. Add +76.9% 0.38% +0.14
MAA Mid-America Apartment Comm New 0.14% +0.14
ITB iShares U.S. Home Constructi New 0.08% +0.08
WST West Pharmaceutical Services New 0.08% +0.08
GILD Gilead Sciences Inc. Add +12.9% 1.04% +0.06
EWJ iShares MSCI Japan ETF Add +46.5% 0.20% +0.06
XLV SS Health Care Select Sector Add +37.0% 0.21% +0.06
TMO Thermo Fisher Scientific Inc. Add +7.0% 1.00% +0.02
TLT iShares 20+ Year Treasury BD Add +0.6% 8.55% −0.17
XYZ Block Inc. Add +0.9% 0.65% −0.19

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