NAN SHAN LIFE INSURANCE CO., LTD.

Filed: 2/14/2025ACC: 0000950103-25-002013

📋 What this filing means

NAN SHAN LIFE INSURANCE CO., LTD. filed this quarterly 13F‑HR report disclosing 111 equity positions with a total reported market value of $4.16B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

111

Positions

$4.16B

Total AUM (reported)

65.13M

Total Shares

Allocation by class

COM$2.19B52.5%

20 YR TR BD ETF$349.12M8.4%

PORTFOLIO LN TSR$286.96M6.9%

LONG TERM TREAS$169.56M4.1%

CL A$139.15M3.3%

CL B$117.78M2.8%

CAP STK CL A$111.70M2.7%

Portfolio Concentration

Top 3$805.64M19.4%

4–10$737.43M17.7%

11–25$916.26M22.0%

Rest$1.70B40.9%

Top 3 weight

19.4%

Top 10 weight

37.1%

Voting Authority Distribution

Total shares with voting rights: 71.39M

Sole

Full voting authority

67.37M

% of voting shares94.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.02M

% of voting shares5.6%

Investment Discretion (by position count)

Sole111

Shared0

Other0

Dominant voting typeSole · 94.4% of voting shares

Institutional Holdings111

Rows:

ISHARES TR

SOLE

20 YR TR BD ETF

Shares4M

TypeSH

Market value$349.12M

8.39%

Sole

Shared

0.00

None

0.00

SPDR SER TR

SOLE

PORTFOLIO LN TSR

Shares10.96M

TypeSH

Market value$286.96M

6.89%

Sole

10.96M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares3.06M

TypeSH

Market value$169.56M

4.07%

Sole

0.00

Shared

0.00

None

3.06M

MICROSOFT CORP

SOLE

COM

Shares336.21K

TypeSH

Market value$141.71M

3.40%

Sole

336.21K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares590.09K

TypeSH

Market value$111.70M

2.68%

Sole

590.09K

Shared

0.00

None

0.00

COSTCO WHSL CORP NEW

SOLE

COM

Shares118.41K

TypeSH

Market value$108.49M

2.61%

Sole

118.41K

Shared

0.00

None

0.00

REALTY INCOME CORP

SOLE

COM

Shares1.90M

TypeSH

Market value$101.23M

2.43%

Sole

1.90M

Shared

0.00

None

0.00

ISHARES TR

SOLE

IBOXX HI YD ETF

Shares1.28M

TypeSH

Market value$101.04M

2.43%

Sole

1.28M

Shared

0.00

None

0.00

UNITEDHEALTH GROUP INC

SOLE

COM

Shares175.67K

TypeSH

Market value$88.86M

2.13%

Sole

175.67K

Shared

0.00

None

0.00

WALMART INC

SOLE

COM

Shares934.10K

TypeSH

Market value$84.40M

2.03%

Sole

934.10K

Shared

0.00

None

0.00

QUALCOMM INC

SOLE

COM

Shares533.96K

TypeSH

Market value$82.03M

1.97%

Sole

533.96K

Shared

0.00

None

0.00

VERIZON COMMUNICATIONS INC

SOLE

COM

Shares1.99M

TypeSH

Market value$79.63M

1.91%

Sole

1.99M

Shared

0.00

None

0.00

DISNEY WALT CO

SOLE

COM

Shares633.86K

TypeSH

Market value$70.58M

1.70%

Sole

633.86K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares114.14K

TypeSH

Market value$66.83M

1.61%

Sole

114.14K

Shared

0.00

None

0.00

PROLOGIS INC.

SOLE

COM

Shares626.94K

TypeSH

Market value$66.27M

1.59%

Sole

626.94K

Shared

0.00

None

0.00

FREEPORT-MCMORAN INC

SOLE

CL B

Shares1.63M

TypeSH

Market value$62.17M

1.49%

Sole

1.63M

Shared

0.00

None

0.00

NVIDIA CORPORATION

SOLE

COM

Shares457.69K

TypeSH

Market value$61.46M

1.48%

Sole

457.69K

Shared

0.00

None

0.00

VANECK ETF TRUST

SOLE

SEMICONDUCTR ETF

Shares252.73K

TypeSH

Market value$61.20M

1.47%

Sole

252.73K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares257.74K

TypeSH

Market value$56.54M

1.36%

Sole

257.74K

Shared

0.00

None

0.00

NIKE INC

SOLE

CL B

Shares734.95K

TypeSH

Market value$55.61M

1.34%

Sole

734.95K

Shared

0.00

None

0.00

BRISTOL-MYERS SQUIBB CO

SOLE

COM

Shares943.60K

TypeSH

Market value$53.37M

1.28%

Sole

943.60K

Shared

0.00

None

0.00

ASML HOLDING N V

SOLE

N Y REGISTRY SHS

Shares72.89K

TypeSH

Market value$50.52M

1.21%

Sole

72.89K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares201.40K

TypeSH

Market value$50.44M

1.21%

Sole

201.40K

Shared

0.00

None

0.00

PROCTER AND GAMBLE CO

SOLE

COM

Shares298.35K

TypeSH

Market value$50.02M

1.20%

Sole

298.35K

Shared

0.00

None

0.00

S&P GLOBAL INC

SOLE

COM

Shares99.56K

TypeSH

Market value$49.58M

1.19%

Sole

99.56K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	20 YR TR BD ETF	4M	SH	$349.12M 8.39%	4M	0.00
SPDR SER TRSOLE	PORTFOLIO LN TSR	10.96M	SH	$286.96M 6.89%	10.96M	0.00
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	3.06M	SH	$169.56M 4.07%	0.00	3.06M
MICROSOFT CORPSOLE	COM	336.21K	SH	$141.71M 3.40%	336.21K	0.00
ALPHABET INCSOLE	CAP STK CL A	590.09K	SH	$111.70M 2.68%	590.09K	0.00
COSTCO WHSL CORP NEWSOLE	COM	118.41K	SH	$108.49M 2.61%	118.41K	0.00
REALTY INCOME CORPSOLE	COM	1.90M	SH	$101.23M 2.43%	1.90M	0.00
ISHARES TRSOLE	IBOXX HI YD ETF	1.28M	SH	$101.04M 2.43%	1.28M	0.00
UNITEDHEALTH GROUP INCSOLE	COM	175.67K	SH	$88.86M 2.13%	175.67K	0.00
WALMART INCSOLE	COM	934.10K	SH	$84.40M 2.03%	934.10K	0.00
QUALCOMM INCSOLE	COM	533.96K	SH	$82.03M 1.97%	533.96K	0.00
VERIZON COMMUNICATIONS INCSOLE	COM	1.99M	SH	$79.63M 1.91%	1.99M	0.00
DISNEY WALT COSOLE	COM	633.86K	SH	$70.58M 1.70%	633.86K	0.00
META PLATFORMS INCSOLE	CL A	114.14K	SH	$66.83M 1.61%	114.14K	0.00
PROLOGIS INC.SOLE	COM	626.94K	SH	$66.27M 1.59%	626.94K	0.00
FREEPORT-MCMORAN INCSOLE	CL B	1.63M	SH	$62.17M 1.49%	1.63M	0.00
NVIDIA CORPORATIONSOLE	COM	457.69K	SH	$61.46M 1.48%	457.69K	0.00
VANECK ETF TRUSTSOLE	SEMICONDUCTR ETF	252.73K	SH	$61.20M 1.47%	252.73K	0.00
AMAZON COM INCSOLE	COM	257.74K	SH	$56.54M 1.36%	257.74K	0.00
NIKE INCSOLE	CL B	734.95K	SH	$55.61M 1.34%	734.95K	0.00
BRISTOL-MYERS SQUIBB COSOLE	COM	943.60K	SH	$53.37M 1.28%	943.60K	0.00
ASML HOLDING N VSOLE	N Y REGISTRY SHS	72.89K	SH	$50.52M 1.21%	72.89K	0.00
APPLE INCSOLE	COM	201.40K	SH	$50.44M 1.21%	201.40K	0.00
PROCTER AND GAMBLE COSOLE	COM	298.35K	SH	$50.02M 1.20%	298.35K	0.00
S&P GLOBAL INCSOLE	COM	99.56K	SH	$49.58M 1.19%	99.56K	0.00

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