Nan Shan Life Insurance Co., Ltd.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Nan Shan Life Insurance Co., Ltd. reported 98 stock positions worth $4.2 billion. Its top holding was iShares 20+ Year Treasury BD (TLT) at 9.2% of the portfolio, followed by SS SPDR PF LNG TRM TSY E-Usd (SPTL, 7.5%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q2 2024, it opened 10 new positions, sold out of 16, added to 29 and reduced 38. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale ServiceNow (NOW, shares −96%).

Most Recent 13F
Q2 2026
Location
Taipei City, F5
CIK
0001730464
Portfolio Value
$4.2B (Q3 2024)
SEC Filing
0000950103-24-016270 ↗ filed Nov 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 Q2 2024 Q3 2024: $4.2B $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 98 stocks · $4.2B
TLT iShares 20+ Year Treasury BD 9.24% 3,997,680 $392.2M Add +1.6%
SPTL SS SPDR PF LNG TRM TSY E-Usd 7.51% 10,956,900 $318.5M No change
GOOGL Alphabet Inc. Class A 4.59% 1,173,424 $194.6M Add +44.1%
VGLT Vanguard Long-Term Treasury 4.44% 3,063,500 $188.5M No change
MSFT Microsoft Corp. 3.99% 393,912 $169.5M Add +15.6%
V Visa Inc. Class A 2.86% 441,876 $121.5M Add +40.2%
O Realty Income Corp. 2.83% 1,895,302 $120.2M Add +156.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 2.43% 1,284,652 $103.2M No change
AMZN Amazon.com Inc. 2.34% 533,749 $99.5M Add +26.4%
VOO Vanguard S&P 500 ETF 2.16% 173,603 $91.6M New
FCX Freeport-McMoran Inc. 2.09% 1,778,657 $88.8M Add +481.6%
VZ Verizon Communications Inc. 1.94% 1,833,361 $82.3M Add +18.5%
PLD Prologis Inc. 1.87% 626,942 $79.2M Add +78.7%
QQQ Invesco QQQ Trust Series 1 1.75% 152,378 $74.4M New
QCOM Qualcomm Inc. 1.66% 414,942 $70.6M Add +1174.3%
BMY Bristol-Myers Squibb Co. 1.56% 1,281,628 $66.3M Reduce -1.6%
NKE Nike Inc. Class B 1.55% 744,959 $65.9M Reduce -1.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.49% 658,863 $63.4M Reduce -2.5%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 1.49% 876,896 $63.1M Reduce -9.6%
GILD Gilead Sciences Inc. 1.45% 736,382 $61.7M Add +15.0%
NVDA Nvidia Corp. 1.45% 507,122 $61.6M Reduce -12.2%
HST Host Hotels & Resorts Inc. 1.40% 3,371,855 $59.3M Add +103.2%
COST Costco Wholesale Corp. 1.29% 61,898 $54.9M Add +8.5%
PFE Pfizer Inc. 1.21% 1,768,652 $51.2M Add +92.5%
AAPL Apple Inc. 1.20% 219,189 $51.1M Reduce -51.9%
RITM Rithm Capital Corp. 1.20% 4,490,978 $51.0M No change
CDNS Cadence Design SYS Inc. 1.17% 183,850 $49.8M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.13% 1,208,049 $47.9M Add +2729.9%
VLUE iShares MSCI USA Value Facto 1.07% 414,688 $45.2M Add +0.3%
SNPS Synopsys Inc. 1.04% 87,188 $44.2M Add +1006.5%
ADBE Adobe Inc. 1.03% 84,344 $43.7M No change
CRM Salesforce Inc. 0.98% 151,419 $41.4M Add +12.4%
DGRO iShares Core Dividend Growth 0.95% 641,300 $40.2M New
BP BP PLC-Spons ADR 0.92% 1,247,405 $39.2M No change
KREF KKR Real Estate Finance Trus 0.90% 3,079,453 $38.0M No change
LULU Lululemon Athletica Inc. 0.88% 138,315 $37.5M Add +27.4%
MDT Medtronic PLC 0.87% 410,707 $37.0M Reduce -30.9%
EW Edwards Lifesciences Corp. 0.86% 552,221 $36.4M Add +4.9%
CAT Caterpillar Inc. 0.81% 87,695 $34.3M New
INTC Intel Corp. 0.80% 1,455,140 $34.1M Reduce -2.2%
PYPL PayPal Holdings Inc. 0.80% 434,770 $33.9M Reduce -0.7%
AMD Advanced Micro Devices 0.78% 202,402 $33.2M Reduce -65.9%
JNK SS SPDR BB High Yield Bond 0.78% 337,566 $33.0M No change
TMO Thermo Fisher Scientific Inc. 0.78% 53,322 $33.0M Reduce -30.1%
XLE SS Energy Select Sector 0.73% 354,340 $31.1M Add +21.3%
VLO Valero Energy Corp. 0.71% 224,192 $30.3M Add +4.8%
NFLX Netflix Inc. 0.69% 41,303 $29.3M Reduce -44.1%
CVS CVS Health Corp. 0.69% 463,497 $29.1M Reduce -8.6%
XYZ Block Inc. 0.67% 424,693 $28.5M No change
ON On Semiconductor 0.65% 379,031 $27.5M No change
MU Micron Technology Inc. 0.65% 264,263 $27.4M Add +4634.2%
MA Mastercard Inc. Class A 0.63% 54,542 $26.9M Reduce -72.0%
AMAT Applied Materials Inc. 0.63% 133,191 $26.9M New
WST West Pharmaceutical Services 0.61% 86,010 $25.8M Add +760.1%
META Meta Platforms Inc. Class A 0.59% 43,742 $25.0M Reduce -45.2%
TRTX TPG Re Finance Trust Inc. 0.57% 2,853,485 $24.3M No change
EXR Extra Space Storage Inc. 0.57% 133,234 $24.0M Add +41.4%
IJR iShares Core S&P Small-Cap E 0.55% 201,279 $23.5M Add +767.8%
PSA Public Storage 0.53% 61,489 $22.4M Reduce -58.2%
COLD Americold Realty Trust Inc. 0.51% 760,671 $21.5M New
REXR Rexford Industrial Realty Inc. 0.46% 384,511 $19.3M Add +5.5%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.45% 758,622 $19.1M Reduce -10.5%
EOG EOG Resources Inc. 0.44% 150,686 $18.5M Reduce -56.8%
SMH Vaneck Semiconductor ETF 0.43% 75,000 $18.4M Add +7.2%
JNJ Johnson & Johnson 0.42% 108,961 $17.7M Reduce -45.9%
TSLA Tesla Inc. 0.42% 67,405 $17.6M Reduce -70.8%
CSCO Cisco Systems Inc. 0.37% 297,832 $15.9M No change
SPG Simon Property Group Inc. 0.35% 88,652 $15.0M New
BOTZ Global X Robotics & Artifici 0.32% 422,000 $13.6M Add +8.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.26% 260,118 $10.9M No change
MRVL Marvell Technology Inc. 0.25% 149,529 $10.8M Reduce -48.9%
AVGO Broadcom Inc. 0.24% 58,842 $10.2M New
EWJ iShares MSCI Japan ETF 0.21% 126,000 $9.0M No change
AVB Avalonbay Communities Inc. 0.21% 39,815 $9.0M No change
ILMN Illumina Inc. 0.17% 55,993 $7.3M Reduce -6.4%
XBI SS SPDR S&P Biotech ETF 0.15% 64,864 $6.4M No change
TLH iShares 10-20 Year Treasury 0.14% 54,700 $6.0M New
IGV iShares Expanded Tech-Softwa 0.13% 62,476 $5.6M Reduce -68.8%
ADI Analog Devices Inc. 0.13% 23,409 $5.4M No change
WOLF Wolfspeed Inc. 0.11% 467,602 $4.5M Reduce -13.3%
NOW ServiceNow Inc. 0.10% 4,544 $4.1M Reduce -95.8%
YUMC Yum China Holdings Inc. 0.10% 85,500 $4.1M Reduce -7.5%
MCHI iShares MSCI China ETF 0.09% 77,750 $4.0M No change
SPGI S&P Global Inc. 0.07% 5,645 $2.9M Reduce -94.0%
SWKS Skyworks Solutions Inc. 0.06% 26,795 $2.6M Reduce -1.3%
SHEL Shell PLC-ADR 0.06% 36,888 $2.4M Reduce -46.5%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.06% 24,322 $2.4M Reduce -1.8%
GS Goldman Sachs Group Inc. 0.05% 4,659 $2.3M No change
ASML ASML Holding NV-NY Reg SHS 0.04% 1,921 $1.6M No change
IQV Iqvia Holdings Inc. 0.03% 5,430 $1.3M No change
NXPI NXP Semiconductors NV 0.03% 4,493 $1.1M Reduce -80.0%
KRE SS SPDR S&P Regional Bank 0.02% 18,022 $1.0M Reduce -97.7%
XOM Exxon Mobil Corp. 0.02% 8,564 $1.0M Reduce -93.2%
LEN Lennar Corp. Class A 0.02% 5,192 $973K Reduce -98.3%
B Barrick Gold Corp. 0.01% 29,259 $582K Reduce -98.8%
TXN Texas Instruments Inc. 0.01% 2,344 $484K Reduce -98.3%
JPM JPMorgan Chase & Co. 0.01% 2,048 $432K Reduce -92.0%
ISRG Intuitive Surgical Inc. 0.00% 414 $203K Reduce -99.5%

Portfolio Sells Q2 2024 → Q3 2024
NOW ServiceNow Inc. Reduce -95.8% 0.10% −1.91
AMD Advanced Micro Devices Reduce -65.9% 0.78% −1.49
AMT American Tower Corp. Sold out 0.00% −1.49
MA Mastercard Inc. Class A Reduce -72.0% 0.63% −1.40
UNH Unitedhealth Group Inc. Sold out 0.00% −1.21
LEN Lennar Corp. Class A Reduce -98.3% 0.02% −1.08
SDY SS SPDR S&P Dividend ETF Sold out 0.00% −1.07
AAPL Apple Inc. Reduce -51.9% 1.20% −1.07
NEM Newmont Corp. Sold out 0.00% −1.03
CCI Crown Castle Inc. Sold out 0.00% −1.03
ISRG Intuitive Surgical Inc. Reduce -99.5% 0.00% −0.97
B Barrick Gold Corp. Reduce -98.8% 0.01% −0.95
SPGI S&P Global Inc. Reduce -94.0% 0.07% −0.92
KRE SS SPDR S&P Regional Bank Reduce -97.7% 0.02% −0.88
PG The Procter & Gamble Co. Sold out 0.00% −0.77
CME Cme Group Inc. Sold out 0.00% −0.67
TSLA Tesla Inc. Reduce -70.8% 0.42% −0.67
TXN Texas Instruments Inc. Reduce -98.3% 0.01% −0.64
EOG EOG Resources Inc. Reduce -56.8% 0.44% −0.60
EQIX Equinix Inc. Sold out 0.00% −0.54
NFLX Netflix Inc. Reduce -44.1% 0.69% −0.49
PSA Public Storage Reduce -58.2% 0.53% −0.47
VOX Vanguard Communication Servi Sold out 0.00% −0.46
IHI iShares U.S. Medical Devices Sold out 0.00% −0.37
META Meta Platforms Inc. Class A Reduce -45.2% 0.59% −0.36
KMI Kinder Morgan Inc. Sold out 0.00% −0.35
XOM Exxon Mobil Corp. Reduce -93.2% 0.02% −0.32
INTC Intel Corp. Reduce -2.2% 0.80% −0.29
IGV iShares Expanded Tech-Softwa Reduce -68.8% 0.13% −0.28
JNJ Johnson & Johnson Reduce -45.9% 0.42% −0.28
MDT Medtronic PLC Reduce -30.9% 0.87% −0.24
NVDA Nvidia Corp. Reduce -12.2% 1.45% −0.24
MRVL Marvell Technology Inc. Reduce -48.9% 0.25% −0.23
TMO Thermo Fisher Scientific Inc. Reduce -30.1% 0.78% −0.22
XLV SS Health Care Select Sector Sold out 0.00% −0.21
WOLF Wolfspeed Inc. Reduce -13.3% 0.11% −0.18
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.16
MAA Mid-America Apartment Comm Sold out 0.00% −0.14
APTV Aptiv Irish Holdings Ltd. Reduce -9.6% 1.49% −0.13
NXPI NXP Semiconductors NV Reduce -80.0% 0.03% −0.12
JPM JPMorgan Chase & Co. Reduce -92.0% 0.01% −0.11
DIS The Walt Disney Co. Reduce -2.5% 1.49% −0.09
ITB iShares U.S. Home Constructi Sold out 0.00% −0.08
SHEL Shell PLC-ADR Reduce -46.5% 0.06% −0.06
QQQX Nuveen Nasdaq 100 DYN Overwr Reduce -10.5% 0.45% −0.05
ICLN iShares Global Clean Energy Sold out 0.00% −0.05
CVS CVS Health Corp. Reduce -8.6% 0.69% −0.02
SWKS Skyworks Solutions Inc. Reduce -1.3% 0.06% −0.01
EL Estee Lauder Companies Class A Reduce -1.8% 0.06% −0.01
ILMN Illumina Inc. Reduce -6.4% 0.17% +0.02

Portfolio Buys Q2 2024 → Q3 2024
VOO Vanguard S&P 500 ETF New 2.16% +2.16
O Realty Income Corp. Add +156.6% 2.83% +1.91
QQQ Invesco QQQ Trust Series 1 New 1.75% +1.75
FCX Freeport-McMoran Inc. Add +481.6% 2.09% +1.74
QCOM Qualcomm Inc. Add +1174.3% 1.66% +1.51
CDNS Cadence Design SYS Inc. New 1.17% +1.17
BAC Bank of America Corp. Add +2729.9% 1.13% +1.09
GOOGL Alphabet Inc. Class A Add +44.1% 4.59% +1.08
DGRO iShares Core Dividend Growth New 0.95% +0.95
PLD Prologis Inc. Add +78.7% 1.87% +0.93
SNPS Synopsys Inc. Add +1006.5% 1.04% +0.93
V Visa Inc. Class A Add +40.2% 2.86% +0.91
CAT Caterpillar Inc. New 0.81% +0.81
TLT iShares 20+ Year Treasury BD Add +1.6% 9.24% +0.70
HST Host Hotels & Resorts Inc. Add +103.2% 1.40% +0.69
AMAT Applied Materials Inc. New 0.63% +0.63
MU Micron Technology Inc. Add +4634.2% 0.65% +0.63
PFE Pfizer Inc. Add +92.5% 1.21% +0.60
WST West Pharmaceutical Services Add +760.1% 0.61% +0.53
COLD Americold Realty Trust Inc. New 0.51% +0.51
IJR iShares Core S&P Small-Cap E Add +767.8% 0.55% +0.50
VZ Verizon Communications Inc. Add +18.5% 1.94% +0.43
GILD Gilead Sciences Inc. Add +15.0% 1.45% +0.42
AMZN Amazon.com Inc. Add +26.4% 2.34% +0.41
MSFT Microsoft Corp. Add +15.6% 3.99% +0.39
SPG Simon Property Group Inc. New 0.35% +0.35
AVGO Broadcom Inc. New 0.24% +0.24
EXR Extra Space Storage Inc. Add +41.4% 0.57% +0.22
CRM Salesforce Inc. Add +12.4% 0.98% +0.16
COST Costco Wholesale Corp. Add +8.5% 1.29% +0.15
TLH iShares 10-20 Year Treasury New 0.14% +0.14
LULU Lululemon Athletica Inc. Add +27.4% 0.88% +0.12
XLE SS Energy Select Sector Add +21.3% 0.73% +0.10
REXR Rexford Industrial Realty Inc. Add +5.5% 0.46% +0.07
VLUE iShares MSCI USA Value Facto Add +0.3% 1.07% +0.05
BOTZ Global X Robotics & Artifici Add +8.2% 0.32% +0.04
SMH Vaneck Semiconductor ETF Add +7.2% 0.43% +0.00
VLO Valero Energy Corp. Add +4.8% 0.71% −0.08
EW Edwards Lifesciences Corp. Add +4.9% 0.86% −0.29

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