# Ilmarinen Mutual Pension Insurance Co

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1661580. Source: https://holderbook.com/funds/1661580-ilmarinen-mutual-pension-insurance-co/

- Reported value: $14.8B
- Positions: 445
- Weight of the ten largest: 58.5%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DBX ETF TR | [USCA](https://holderbook.com/stocks/USCA/) | $2.5B | 57,515,806 | 17.0% | 13 |
| ISHARES TR | [USCL](https://holderbook.com/stocks/USCL/) | $2.5B | 30,263,123 | 17.0% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $634.7M | 3,171,944 | 4.3% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $583.4M | 2,016,311 | 3.9% | 2 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $522.4M | 14,110,000 | 3.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $505.9M | 1,415,721 | 3.4% | 28 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $491.1M | 20,950,000 | 3.3% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $360.2M | 965,714 | 2.4% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $302.7M | 1,270,000 | 2.0% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $221.6M | 586,503 | 1.5% | 3 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $201.4M | 1,970,051 | 1.4% | 28 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $185.6M | 160,806 | 1.3% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $170.1M | 301,887 | 1.1% | 21 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $151.8M | 361,000 | 1.0% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $130.6M | 399,018 | 0.9% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $127.5M | 106,300 | 0.9% | 28 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $126.5M | 217,777 | 0.9% | 18 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $105.5M | 1,542,754 | 0.7% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $95.4M | 278,077 | 0.6% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $94.5M | 188,840 | 0.6% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $82.7M | 591,958 | 0.6% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $82.5M | 114,103 | 0.6% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $80.1M | 315,500 | 0.5% | 28 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $75.9M | 175,225 | 0.5% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $74.2M | 543,000 | 0.5% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $70.9M | 138,011 | 0.5% | 28 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $69.8M | 65,500 | 0.5% | 5 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $68.5M | 604,535 | 0.5% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $59.8M | 63,885 | 0.4% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $59.4M | 1,042,857 | 0.4% | 15 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $59.1M | 196,011 | 0.4% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $58.1M | 494,225 | 0.4% | 25 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $57.5M | 228,400 | 0.4% | 28 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $55.1M | 147,500 | 0.4% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $53.8M | 662,227 | 0.4% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $53.7M | 129,300 | 0.4% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $47.1M | 366,500 | 0.3% | 28 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $45.8M | 130,000 | 0.3% | 28 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $44.5M | 37,900 | 0.3% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $44.1M | 617,037 | 0.3% | 15 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $39.9M | 191,034 | 0.3% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $38.4M | 262,155 | 0.3% | 11 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $37.8M | 126,740 | 0.3% | 28 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $37.0M | 108,570 | 0.3% | 13 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $35.5M | 55,621 | 0.2% | 2 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $34.2M | 114,925 | 0.2% | 9 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $34.2M | 193,718 | 0.2% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $33.8M | 366,441 | 0.2% | 28 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $33.6M | 203,000 | 0.2% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $33.5M | 64,600 | 0.2% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $32.8M | 223,762 | 0.2% | 28 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $32.6M | 279,781 | 0.2% | 9 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $31.3M | 32,384 | 0.2% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $30.9M | 109,736 | 0.2% | 28 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $29.6M | 74,477 | 0.2% | 15 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $27.7M | 55,300 | 0.2% | 28 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $27.5M | 75,832 | 0.2% | 28 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $27.3M | 180,000 | 0.2% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $27.2M | 163,003 | 0.2% | 28 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $27.0M | 158,860 | 0.2% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $26.7M | 144,593 | 0.2% | 11 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $26.2M | 61,515 | 0.2% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $26.0M | 25,707 | 0.2% | 15 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $25.9M | 26,897 | 0.2% | 7 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $25.6M | 40,373 | 0.2% | 28 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $25.5M | 99,995 | 0.2% | 2 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $25.0M | 198,000 | 0.2% | 28 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $24.4M | 89,612 | 0.2% | 28 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $23.5M | 284,085 | 0.2% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $23.1M | 85,500 | 0.2% | 28 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $23.0M | 196,292 | 0.2% | 28 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $22.9M | 30,070 | 0.2% | 9 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $22.7M | 66,628 | 0.2% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $22.5M | 531,751 | 0.2% | 28 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $22.5M | 48,898 | 0.2% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $22.3M | 159,625 | 0.2% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $21.8M | 54,800 | 0.1% | 15 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $21.6M | 224,221 | 0.1% | 28 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $20.6M | 142,239 | 0.1% | 28 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $20.6M | 95,000 | 0.1% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $19.9M | 127,068 | 0.1% | 28 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $19.6M | 20,046 | 0.1% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $19.2M | 266,075 | 0.1% | 23 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $19.2M | 211,500 | 0.1% | 15 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $19.1M | 41,551 | 0.1% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $19.0M | 99,500 | 0.1% | 15 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $18.9M | 36,734 | 0.1% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $18.7M | 55,279 | 0.1% | 15 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $18.3M | 200,000 | 0.1% | 11 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $18.1M | 36,920 | 0.1% | 7 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $18.0M | 195,000 | 0.1% | 2 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $17.9M | 186,580 | 0.1% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $17.4M | 841,276 | 0.1% | 15 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $17.1M | 74,414 | 0.1% | 28 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $16.9M | 50,500 | 0.1% | 5 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $16.8M | 39,006 | 0.1% | 8 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $16.8M | 75,000 | 0.1% | 1 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $16.8M | 33,800 | 0.1% | 23 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $16.7M | 161,000 | 0.1% | 3 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $16.7M | 45,000 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.3% | +14.8% | -1.5% | 100% |
| Q1 2026 | -6.4% | -4.6% | -1.8% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +5.3% | +7.8% | -2.5% | 100% |
| Q2 2025 | +8.5% | +10.5% | -1.9% | 100% |
| Q1 2025 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2024 | +2.5% | +2.1% | +0.4% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $14.8B | 445 |
| Q1 2026 | $12.7B | 462 |
| Q4 2025 | $12.5B | 331 |
| Q3 2025 | $13.3B | 303 |
| Q2 2025 | $12.4B | 295 |
| Q1 2025 | $11.3B | 301 |
| Q4 2024 | $11.7B | 293 |
| Q3 2024 | $9.2B | 271 |
| Q2 2024 | $8.6B | 273 |
| Q1 2024 | $8.3B | 266 |
| Q4 2023 | $7.4B | 264 |
| Q3 2023 | $7.6B | 274 |