Filed: 2/13/2026ACC: 0000950103-26-002133
📋 What this filing means
NAN SHAN LIFE INSURANCE CO., LTD. filed this quarterly 13F‑HR report disclosing 82 equity positions with a total reported market value of $3.25B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
82
Positions
$3.25B
Total AUM (reported)
54.12M
Total Shares
Allocation by class
COM$1.65B50.8%
STATE STREET SPD$379.65M11.7%
20 YR TR BD ETF$348.44M10.7%
LONG TERM TREAS$170.94M5.3%
CL A$133.40M4.1%
COM CL A$125.31M3.9%
IBOXX HI YD ETF$103.58M3.2%
Portfolio Concentration
Top 3$809.41M24.9%
4–10$763.08M23.5%
11–25$819.62M25.2%
Rest$858.74M26.4%
Top 3 weight
24.9%
Top 10 weight
48.4%
Voting Authority Distribution
Total shares with voting rights: 57.15M
Sole
Full voting authority
53.87M
shares
% of voting shares94.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.28M
shares
% of voting shares5.7%
Investment Discretion (by position count)
Sole82
Shared0
Other0
Dominant voting typeSole · 94.3% of voting shares
Institutional Holdings82
Rows:
ISHARES TR
SOLEShares4M
TypeSH
Market value$348.44M
10.72%
Sole
4M
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares10.96M
TypeSH
Market value$290.03M
8.92%
Sole
10.96M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares3.06M
TypeSH
Market value$170.94M
5.26%
Sole
0.00
Shared
0.00
None
3.06M
QUALCOMM INC
SOLEShares798.33K
TypeSH
Market value$136.55M
4.20%
Sole
798.33K
Shared
0.00
None
0.00
VISA INC
SOLEShares357.32K
TypeSH
Market value$125.31M
3.85%
Sole
357.32K
Shared
0.00
None
0.00
VERIZON COMMUNICATIONS INC
SOLEShares2.91M
TypeSH
Market value$118.43M
3.64%
Sole
2.91M
Shared
0.00
None
0.00
REALTY INCOME CORP
SOLEShares1.90M
TypeSH
Market value$106.84M
3.29%
Sole
1.90M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.28M
TypeSH
Market value$103.58M
3.19%
Sole
1.28M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares100.51K
TypeSH
Market value$86.67M
2.67%
Sole
100.51K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares129.82K
TypeSH
Market value$85.70M
2.64%
Sole
129.82K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares165.88K
TypeSH
Market value$80.22M
2.47%
Sole
165.88K
Shared
0.00
None
0.00
SERVICENOW INC
SOLEShares514.26K
TypeSH
Market value$78.78M
2.42%
Sole
514.26K
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares810.17K
TypeSH
Market value$75.96M
2.34%
Sole
810.17K
Shared
0.00
None
0.00
DISNEY WALT CO
SOLEShares630.49K
TypeSH
Market value$71.73M
2.21%
Sole
630.49K
Shared
0.00
None
0.00
APTIV PLC
SOLEShares687.64K
TypeSH
Market value$52.32M
1.61%
Sole
687.64K
Shared
0.00
None
0.00
S&P GLOBAL INC
SOLEShares99.70K
TypeSH
Market value$52.10M
1.60%
Sole
99.70K
Shared
0.00
None
0.00
BRISTOL-MYERS SQUIBB CO
SOLEShares939.76K
TypeSH
Market value$50.69M
1.56%
Sole
939.76K
Shared
0.00
None
0.00
INTEL CORP
SOLEShares1.35M
TypeSH
Market value$49.80M
1.53%
Sole
1.35M
Shared
0.00
None
0.00
EDWARDS LIFESCIENCES CORP
SOLEShares552.22K
TypeSH
Market value$47.08M
1.45%
Sole
552.22K
Shared
0.00
None
0.00
RITHM CAPITAL CORP
SOLEShares4.31M
TypeSH
Market value$46.94M
1.44%
Sole
4.31M
Shared
0.00
None
0.00
TEXAS INSTRS INC
SOLEShares254.81K
TypeSH
Market value$44.21M
1.36%
Sole
254.81K
Shared
0.00
None
0.00
PFIZER INC
SOLEShares1.77M
TypeSH
Market value$44.04M
1.35%
Sole
1.77M
Shared
0.00
None
0.00
NIKE INC
SOLEShares689.05K
TypeSH
Market value$43.90M
1.35%
Sole
689.05K
Shared
0.00
None
0.00
MARVELL TECHNOLOGY INC
SOLEShares496.65K
TypeSH
Market value$42.20M
1.30%
Sole
496.65K
Shared
0.00
None
0.00
PROCTER AND GAMBLE CO
SOLEShares276.63K
TypeSH
Market value$39.64M
1.22%
Sole
276.63K
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 | $348.44M 10.72% | 4M | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | STATE STREET SPD | 10.96M | SH | $290.03M 8.92% | 10.96M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | LONG TERM TREAS | 3.06M | SH | $170.94M 5.26% | 0.00 | 0.00 | 3.06M |
QUALCOMM INCSOLE | COM | 798.33K | SH | $136.55M 4.20% | 798.33K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 357.32K | SH | $125.31M 3.85% | 357.32K | 0.00 | 0.00 |
VERIZON COMMUNICATIONS INCSOLE | COM | 2.91M | SH | $118.43M 3.64% | 2.91M | 0.00 | 0.00 |
REALTY INCOME CORPSOLE | COM | 1.90M | SH | $106.84M 3.29% | 1.90M | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 1.28M | SH | $103.58M 3.19% | 1.28M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 100.51K | SH | $86.67M 2.67% | 100.51K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 129.82K | SH | $85.70M 2.64% | 129.82K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 165.88K | SH | $80.22M 2.47% | 165.88K | 0.00 | 0.00 |
SERVICENOW INCSOLE | COM | 514.26K | SH | $78.78M 2.42% | 514.26K | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 810.17K | SH | $75.96M 2.34% | 810.17K | 0.00 | 0.00 |
DISNEY WALT COSOLE | COM | 630.49K | SH | $71.73M 2.21% | 630.49K | 0.00 | 0.00 |
APTIV PLCSOLE | COM SHS | 687.64K | SH | $52.32M 1.61% | 687.64K | 0.00 | 0.00 |
S&P GLOBAL INCSOLE | COM | 99.70K | SH | $52.10M 1.60% | 99.70K | 0.00 | 0.00 |
BRISTOL-MYERS SQUIBB COSOLE | COM | 939.76K | SH | $50.69M 1.56% | 939.76K | 0.00 | 0.00 |
INTEL CORPSOLE | COM | 1.35M | SH | $49.80M 1.53% | 1.35M | 0.00 | 0.00 |
EDWARDS LIFESCIENCES CORPSOLE | COM | 552.22K | SH | $47.08M 1.45% | 552.22K | 0.00 | 0.00 |
RITHM CAPITAL CORPSOLE | COM NEW | 4.31M | SH | $46.94M 1.44% | 4.31M | 0.00 | 0.00 |
TEXAS INSTRS INCSOLE | COM | 254.81K | SH | $44.21M 1.36% | 254.81K | 0.00 | 0.00 |
PFIZER INCSOLE | COM | 1.77M | SH | $44.04M 1.35% | 1.77M | 0.00 | 0.00 |
NIKE INCSOLE | CL B | 689.05K | SH | $43.90M 1.35% | 689.05K | 0.00 | 0.00 |
MARVELL TECHNOLOGY INCSOLE | COM | 496.65K | SH | $42.20M 1.30% | 496.65K | 0.00 | 0.00 |
PROCTER AND GAMBLE COSOLE | COM | 276.63K | SH | $39.64M 1.22% | 276.63K | 0.00 | 0.00 |
Page 1 of 4