Filed: 5/14/2025ACC: 0000950103-25-005975
📋 What this filing means
NAN SHAN LIFE INSURANCE CO., LTD. filed this quarterly 13F‑HR report disclosing 112 equity positions with a total reported market value of $4.24B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
112
Positions
$4.24B
Total AUM (reported)
64.88M
Total Shares
Allocation by class
COM$2.36B55.7%
20 YR TR BD ETF$363.91M8.6%
PORTFOLIO LN TSR$298.69M7.0%
LONG TERM TREAS$176.49M4.2%
CL B$126.30M3.0%
IBOXX HI YD ETF$101.35M2.4%
COM NEW$81.74M1.9%
Portfolio Concentration
Top 3$839.08M19.8%
4–10$823.21M19.4%
11–25$931.24M22.0%
Rest$1.64B38.8%
Top 3 weight
19.8%
Top 10 weight
39.2%
Voting Authority Distribution
Total shares with voting rights: 71.14M
Sole
Full voting authority
67.36M
shares
% of voting shares94.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.78M
shares
% of voting shares5.3%
Investment Discretion (by position count)
Sole112
Shared0
Other0
Dominant voting typeSole · 94.7% of voting shares
Institutional Holdings112
Rows:
ISHARES TR
SOLEShares4M
TypeSH
Market value$363.91M
8.59%
Sole
4M
Shared
0.00
None
0.00
SPDR SER TR
SOLEShares10.96M
TypeSH
Market value$298.69M
7.05%
Sole
10.96M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares3.06M
TypeSH
Market value$176.49M
4.16%
Sole
0.00
Shared
0.00
None
3.06M
MICROSOFT CORP
SOLEShares399.93K
TypeSH
Market value$150.13M
3.54%
Sole
399.93K
Shared
0.00
None
0.00
APPLE INC
SOLEShares625.42K
TypeSH
Market value$138.93M
3.28%
Sole
625.42K
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares751.74K
TypeSH
Market value$115.47M
2.72%
Sole
751.74K
Shared
0.00
None
0.00
REALTY INCOME CORP
SOLEShares1.90M
TypeSH
Market value$109.95M
2.59%
Sole
1.90M
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares2.34M
TypeSH
Market value$106.10M
2.50%
Sole
2.34M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.28M
TypeSH
Market value$101.35M
2.39%
Sole
1.28M
Shared
0.00
None
0.00
WALMART INC
SOLEShares1.15M
TypeSH
Market value$101.29M
2.39%
Sole
1.15M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares175.67K
TypeSH
Market value$92.01M
2.17%
Sole
175.67K
Shared
0.00
None
0.00
FREEPORT-MCMORAN INC
SOLEShares2.17M
TypeSH
Market value$82.06M
1.94%
Sole
2.17M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares84.05K
TypeSH
Market value$78.38M
1.85%
Sole
84.05K
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares74.37K
TypeSH
Market value$70.34M
1.66%
Sole
74.37K
Shared
0.00
None
0.00
PROLOGIS INC.
SOLEShares626.94K
TypeSH
Market value$70.09M
1.65%
Sole
626.94K
Shared
0.00
None
0.00
DISNEY WALT CO
SOLEShares632.67K
TypeSH
Market value$62.44M
1.47%
Sole
632.67K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares1.48M
TypeSH
Market value$61.70M
1.46%
Sole
1.48M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares319.02K
TypeSH
Market value$60.70M
1.43%
Sole
319.02K
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares943.60K
TypeSH
Market value$57.55M
1.36%
Sole
943.60K
Shared
0.00
None
0.00
ANALOG DEVICES INC
SOLEShares274.83K
TypeSH
Market value$55.42M
1.31%
Sole
274.83K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares582.42K
TypeSH
Market value$51.83M
1.22%
Sole
582.42K
Shared
0.00
None
0.00
RITHM CAPITAL CORP
SOLEShares4.49M
TypeSH
Market value$51.42M
1.21%
Sole
4.49M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares311.96K
TypeSH
Market value$48.24M
1.14%
Sole
311.96K
Shared
0.00
None
0.00
PFIZER INC
SOLEShares1.77M
TypeSH
Market value$44.82M
1.06%
Sole
1.77M
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares372.10K
TypeSH
Market value$44.25M
1.04%
Sole
372.10K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 20 YR TR BD ETF | 4M | SH | $363.91M 8.59% | 4M | 0.00 | 0.00 |
SPDR SER TRSOLE | PORTFOLIO LN TSR | 10.96M | SH | $298.69M 7.05% | 10.96M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | LONG TERM TREAS | 3.06M | SH | $176.49M 4.16% | 0.00 | 0.00 | 3.06M |
MICROSOFT CORPSOLE | COM | 399.93K | SH | $150.13M 3.54% | 399.93K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 625.42K | SH | $138.93M 3.28% | 625.42K | 0.00 | 0.00 |
QUALCOMM INCSOLE | COM | 751.74K | SH | $115.47M 2.72% | 751.74K | 0.00 | 0.00 |
REALTY INCOME CORPSOLE | COM | 1.90M | SH | $109.95M 2.59% | 1.90M | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 2.34M | SH | $106.10M 2.50% | 2.34M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 1.28M | SH | $101.35M 2.39% | 1.28M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 1.15M | SH | $101.29M 2.39% | 1.15M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 175.67K | SH | $92.01M 2.17% | 175.67K | 0.00 | 0.00 |
FREEPORT-MCMORAN INCSOLE | CL B | 2.17M | SH | $82.06M 1.94% | 2.17M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 84.05K | SH | $78.38M 1.85% | 84.05K | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 74.37K | SH | $70.34M 1.66% | 74.37K | 0.00 | 0.00 |
PROLOGIS INC.SOLE | COM | 626.94K | SH | $70.09M 1.65% | 626.94K | 0.00 | 0.00 |
DISNEY WALT COSOLE | COM | 632.67K | SH | $62.44M 1.47% | 632.67K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 1.48M | SH | $61.70M 1.46% | 1.48M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 319.02K | SH | $60.70M 1.43% | 319.02K | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 943.60K | SH | $57.55M 1.36% | 943.60K | 0.00 | 0.00 |
ANALOG DEVICES INCSOLE | COM | 274.83K | SH | $55.42M 1.31% | 274.83K | 0.00 | 0.00 |
ISHARES TRSOLE | EXPANDED TECH | 582.42K | SH | $51.83M 1.22% | 582.42K | 0.00 | 0.00 |
RITHM CAPITAL CORPSOLE | COM NEW | 4.49M | SH | $51.42M 1.21% | 4.49M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 311.96K | SH | $48.24M 1.14% | 311.96K | 0.00 | 0.00 |
PFIZER INCSOLE | COM | 1.77M | SH | $44.82M 1.06% | 1.77M | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 372.10K | SH | $44.25M 1.04% | 372.10K | 0.00 | 0.00 |
Page 1 of 5
…