NAN SHAN LIFE INSURANCE CO LTD
Q4 2025 Form 13-F
TAIPEI CITY
CIK 0001730464
· Institutional investment manager
$3.3B Reported Value Total
Reported value
$3.3B
Quarter over quarter
+0.7%
Holdings
82
Top-10 concentration
48.4%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Brian Tsai
Chief Finance Officer
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 13, 2026 |
| Form | 13F-HR |
| Reported value | $3.3B |
| Positions | 82 |
| Change in reported value | -30.9% |
| New positions | 0 |
| Exited positions | 21 |
| Position turnover | 20.4% |
| Top-10 concentration | 48.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
82 | $3.2B |
|
Q1 2026 13F
Filed May 14, 2026
|
87 | $2.8B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
82 | $3.3B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
103 | $4.7B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
116 | $4.5B |
|
Q1 2025 13F
Filed May 14, 2025
|
112 | $4.2B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
111 | $4.2B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
98 | $4.2B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
104 | $4.2B |
|
Q1 2024 13F
Filed May 14, 2024
|
104 | $4.3B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
94 | $4.1B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
94 | $3.7B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
92 | $4.1B |
|
Q1 2023 13F
Filed May 12, 2023
|
95 | $4.2B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
90 | $3.7B |
|
Q3 2022 13F
Filed Nov 15, 2022
|
89 | $4.1B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
90 | $4.8B |
|
Q1 2022 13F
Filed May 13, 2022
|
86 | $5.7B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
99 | $6.6B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
100 | $6.0B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | TLT ISHARES TR | $348.4M | 10.72% |
| 2 | SPTL SPDR SERIES TRUST | $290.0M | 8.92% |
| 3 | VGLT VANGUARD SCOTTSDALE FDS | $170.9M | 5.26% |
| 4 | QCOM QUALCOMM INC | $136.6M | 4.2% |
| 5 | V VISA INC | $125.3M | 3.85% |
| 6 | VZ VERIZON COMMUNICATIONS INC | $118.4M | 3.64% |
| 7 | O REALTY INCOME CORP | $106.8M | 3.29% |
| 8 | HYG ISHARES TR | $103.6M | 3.19% |
| 9 | COST COSTCO WHSL CORP NEW | $86.7M | 2.67% |
| 10 | META META PLATFORMS INC | $85.7M | 2.64% |
| 11 | MSFT MICROSOFT CORP | $80.2M | 2.47% |
| 12 | NOW SERVICENOW INC | $78.8M | 2.42% |
| 13 | NFLX NETFLIX INC | $76.0M | 2.34% |
| 14 | DIS DISNEY WALT CO | $71.7M | 2.21% |
| 15 | APTV APTIV PLC | $52.3M | 1.61% |
| 16 | SPGI S&P GLOBAL INC | $52.1M | 1.6% |
| 17 | BMY BRISTOL-MYERS SQUIBB CO | $50.7M | 1.56% |
| 18 | INTC INTEL CORP | $49.8M | 1.53% |
| 19 | EW EDWARDS LIFESCIENCES CORP | $47.1M | 1.45% |
| 20 | RITM RITHM CAPITAL CORP | $46.9M | 1.44% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.