# Dai-ichi Life Holdings, Inc.

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 948518. Source: https://holderbook.com/funds/948518-dai-ichi-life-holdings-inc/

- Reported value: $103.6M
- Positions: 21
- Weight of the ten largest: 88.0%
- Filed: 2025-11-14

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 |
|---|---|---|---|---|---|
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $16.4M | 147,004 | 15.8% | 7 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $13.3M | 250,900 | 12.8% | 7 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $11.1M | 100,053 | 10.7% | 7 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $10.4M | 108,874 | 10.0% | 7 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $10.1M | 172,200 | 9.8% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $8.9M | 98,047 | 8.6% | 7 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $7.0M | 137,300 | 6.8% | 1 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $7.0M | 24,800 | 6.7% | 6 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $4.6M | 39,100 | 4.5% | 7 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $2.3M | 25,400 | 2.2% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.3M | 41,800 | 2.2% | 7 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $1.4M | 17,700 | 1.4% | 2 |
| ISHARES INC | [EWN](https://holderbook.com/stocks/EWN/) | $1.1M | 19,500 | 1.1% | 5 |
| ISHARES INC | [EWP](https://holderbook.com/stocks/EWP/) | $1.1M | 22,900 | 1.1% | 3 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $1.1M | 17,600 | 1.0% | 1 |
| ISHARES INC | [EWG](https://holderbook.com/stocks/EWG/) | $1.0M | 25,100 | 1.0% | 3 |
| ISHARES INC | [EWH](https://holderbook.com/stocks/EWH/) | $1.0M | 48,300 | 1.0% | 1 |
| ISHARES INC | [EWI](https://holderbook.com/stocks/EWI/) | $1.0M | 19,900 | 1.0% | 1 |
| ISHARES TR | [EDEN](https://holderbook.com/stocks/EDEN/) | $1.0M | 9,300 | 1.0% | 1 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $837.3K | 10,700 | 0.8% | 2 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $466.3K | 4,900 | 0.4% | 1 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | +2.5% | +7.8% | -5.3% | 100% |
| Q2 2025 | +2.2% | +10.5% | -8.3% | 100% |
| Q1 2025 | +0.9% | -4.6% | +5.4% | 100% |
| Q4 2024 | -2.9% | +2.1% | -5.0% | 100% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 100% |
| Q2 2024 | -0.8% | +4.0% | -4.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $103.6M | 21 |
| Q2 2025 | $85.5M | 20 |
| Q1 2025 | $89.2M | 19 |
| Q4 2024 | $91.1M | 22 |
| Q3 2024 | $85.4M | 20 |
| Q2 2024 | $84.9M | 20 |
| Q1 2024 | $81.5M | 18 |
| Q4 2020 | $997.0M | 1 |
| Q3 2020 | $666.1M | 1 |
| Q2 2020 | $649.0M | 1 |
| Q1 2020 | $469.8M | 1 |
| Q4 2019 | $749.9M | 1 |