Ilmarinen Mutual Pension Insurance Co Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$12.5B

Holdings

331

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (331 positions)

#	Stock	Shares	Value	% Portfolio
1	USCLISHARES TR	28,476,890	$2.3B	18.04%
2	USCADBX ETF TR	54,001,846	$2.3B	18.02%
3	SPHYSPDR SER TR	23,050,000	$545.0M	4.35%
4	USHYISHARES TR	14,080,000	$526.0M	4.20%
5	NVDANVIDIA CORP	2,096,147	$390.0M	3.11%
6	MSFTMICROSOFT CORP	774,011	$374.0M	2.98%
7	GOOGLALPHABET INC	1,128,697	$353.0M	2.82%
8	AVGOBROADCOM INC	894,300	$309.0M	2.46%
9	AMZNAMAZON COM INC	1,251,716	$288.0M	2.30%
10	METAMETA PLATFORMS INC	357,334	$235.0M	1.87%
11	TSLATESLA INC	459,500	$206.0M	1.64%
12	JPMJPMORGAN CHASE & CO	457,869	$147.0M	1.17%
13	LLYLILLY ELI & CO	135,300	$145.0M	1.16%
14	VVISA INC	336,260	$117.0M	0.93%
15	IYRISHARES TR	1,196,577	$112.0M	0.89%
16	MAMASTERCARD INC	169,325	$96.0M	0.77%
17	XOMEXXON MOBIL CORP	735,000	$88.0M	0.70%
18	JNJJOHNSON & JOHNSON	406,100	$84.0M	0.67%
19	WMTWALMART INC	729,000	$81.0M	0.65%
20	ORCLORACLE CORP	362,587	$70.0M	0.56%
21	PLTRPALANTIR TECHNOLOGIES INC	395,591	$70.0M	0.56%
22	BACBANK AMER CORP	1,268,620	$69.0M	0.55%
23	CRMSALESFORCE INC	263,519	$69.0M	0.55%
24	AMDADVANCED MICRO DEVICES INC	321,205	$68.0M	0.54%
25	ABBVABBVIE INC	287,500	$65.0M	0.52%
26	HDHOME DEPOT INC	175,096	$60.0M	0.48%
27	PGPROCTER & GAMBLE CO	417,000	$59.0M	0.47%
28	NFLXNETFLIX INC	633,320	$59.0M	0.47%
29	CSCOCISCO SYS INC	690,820	$53.0M	0.42%
30	KOCOCA COLA CO	744,000	$52.0M	0.41%
31	IBMINTERNATIONAL BUSINESS MACHS CORP	176,736	$52.0M	0.41%
32	UNHUNITEDHEALTH GROUP INC	157,300	$51.0M	0.41%
33	ACNACCENTURE PLC IRELAND	190,432	$51.0M	0.41%
34	MRKMERCK & CO INC NEW	441,500	$46.0M	0.37%
35	BLKBLACKROCK INC NEW	43,553	$46.0M	0.37%
36	EEMISHARES TR	840,469	$45.0M	0.36%
37	ADBEADOBE SYS INC	128,235	$44.0M	0.35%
38	CATCATERPILLAR INC	76,800	$43.0M	0.34%
39	PGRPROGRESSIVE CORP OH	184,895	$42.0M	0.33%
40	MCDMCDONALDS CORP	138,397	$42.0M	0.33%
41	TRVCCITIGROUP INC	349,000	$40.0M	0.32%
42	TMOTHERMO FISHER SCIENTIFIC INC	67,300	$38.0M	0.30%
43	INTUINTUIT	57,529	$38.0M	0.30%
44	NOWSERVICENOW INC	246,195	$37.0M	0.30%
45	QCOMQUALCOMM INC	215,718	$36.0M	0.29%
46	WFCWELLS FARGO & CO NEW	396,500	$36.0M	0.29%
47	ABTABBOTT LABS	280,500	$35.0M	0.28%
48	NEENEXTERA ENERGY INC	422,856	$33.0M	0.26%
49	DISDISNEY WALT CO	294,853	$33.0M	0.26%
50	SCHWSCHWAB CHARLES CORP NEW	338,471	$33.0M	0.26%
51	MRSHMARSH & MCLENNAN COS INC	181,600	$33.0M	0.26%
52	MCKMCKESSON CORP	40,428	$33.0M	0.26%
53	PEPPEPSICO INC	227,500	$32.0M	0.26%
54	LINLINDE PLC NEW	73,500	$31.0M	0.25%
55	GSGOLDMAN SACHS GROUP INC	33,509	$29.0M	0.23%
56	AMGNAMGEN INC	87,200	$28.0M	0.22%
57	ETNEATON CORP PLC	88,600	$28.0M	0.22%
58	DHRDANAHER CORP	121,500	$27.0M	0.22%
59	BKNGBOOKING HLDGS INC	5,150	$27.0M	0.22%
60	DWDMORGAN STANLEY	153,984	$27.0M	0.22%
61	ADIANALOG DEVICES INC	95,944	$26.0M	0.21%
62	CBCHUBB LTD	85,371	$26.0M	0.21%
63	BSXBOSTON SCIENTIFIC CORP	263,000	$25.0M	0.20%
64	TMUST-MOBILE US INC	126,460	$25.0M	0.20%
65	GILDGILEAD SCIENCES INC	198,000	$24.0M	0.19%
66	UBERUBER TECHNOLOGIES INC	303,044	$24.0M	0.19%
67	PANWPALO ALTO NETWORKS INC	132,298	$24.0M	0.19%
68	TAT&T INC	964,828	$23.0M	0.18%
69	DEDEERE & CO	51,297	$23.0M	0.18%
70	CMCSACOMCAST CORP NEW	802,749	$23.0M	0.18%
71	PFEPFIZER INC	927,000	$23.0M	0.18%
72	BACVERIZON COMMUNICATIONS INC	549,790	$22.0M	0.18%
73	UNPUNION PAC CORP	96,500	$22.0M	0.18%
74	ICEINTERCONTINENTAL EXCHANGE INC	133,300	$21.0M	0.17%
75	BKBANK NEW YORK MELLON CORP	175,000	$20.0M	0.16%
76	EMREMERSON ELEC CO	154,250	$20.0M	0.16%
77	CRWDCROWDSTRIKE HLDGS INC	42,072	$19.0M	0.15%
78	WDAYWORKDAY INC	89,373	$19.0M	0.15%
79	CMECME GROUP INC	72,611	$19.0M	0.15%
80	COPCONOCOPHILLIPS	210,000	$19.0M	0.15%
81	SNPSSYNOPSYS INC	41,807	$19.0M	0.15%
82	SBUXSTARBUCKS CORP	221,533	$18.0M	0.14%
83	RHCRH PLC	150,000	$18.0M	0.14%
84	GEGENERAL ELEC CO	61,000	$18.0M	0.14%
85	ISRGINTUITIVE SURGICAL INC	33,300	$18.0M	0.14%
86	CEGCONSTELLATION ENERGY CORP	50,500	$17.0M	0.14%
87	CITCINTAS CORP	92,800	$17.0M	0.14%
88	AXPAMERICAN EXPRESS CO	47,000	$17.0M	0.14%
89	VRTXVERTEX PHARMACEUTICALS INC	38,800	$17.0M	0.14%
90	ADPAUTOMATIC DATA PROCESSING INC	67,000	$17.0M	0.14%
91	BMYBRISTOL MYERS SQUIBB CO	315,800	$17.0M	0.14%
92	AJGGALLAGHER ARTHUR J & CO	68,100	$17.0M	0.14%
93	PHPARKER-HANNIFIN CORP	20,000	$17.0M	0.14%
94	AONAON PLC	50,272	$17.0M	0.14%
95	PINSPINTEREST INC	640,569	$16.0M	0.13%
96	AFLAFLAC INC	140,317	$15.0M	0.12%
97	MMM3M CO	94,309	$15.0M	0.12%
98	MLB1MERCADOLIBRE INC	7,450	$15.0M	0.12%
99	CDNSCADENCE DESIGN SYS INC	48,503	$15.0M	0.12%
100	HUBSHUBSPOT INC	34,979	$14.0M	0.11%

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