MANUFACTURERS LIFE INSURANCE COMPANY, THE
Long book
$115.81B
Q1 2026
Positions
2775
Top-10 weight
22%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsMANUFACTURERS LIFE INSURANCE COMPANY, THE is a mechanically diversified allocator, running a $115.81B US long book across 2775 positions.
The portfolio is broadly diversified across 2775 positions (top 10 only 22%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, NVIDIA CORP, AMAZON.COM INC, ALPHABET INC-CL A, APPLE INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+6.8%
Q3 2024
+0.5%
Q4 2024
-3.3%
Q1 2025
+9.3%
Q2 2025
+7.5%
Q3 2025
+3.3%
Q4 2025
-2.5%
Q1 2026
+11.8%
Sector allocation
Technology 29%
Financials 16%
Healthcare 10%
Industrials 9%
Consumer discretionary 8%
Energy 6%
Utilities 5%
Services media 5%
Long book by quarter
What does MANUFACTURERS LIFE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 11.2M | $4.13B | 3.6% | +3.3% |
| NVDA NVIDIA CORP | Technology | 19.3M | $3.36B | 2.9% | -8.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.9M | $3.30B | 2.9% | -4.4% |
| GOOGL ALPHABET INC-CL A | Technology | 10.4M | $3.00B | 2.6% | -3.6% |
| AAPL APPLE INC | Technology | 11.4M | $2.89B | 2.5% | -9.1% |
| RY ROYAL BANK OF CANADA | Financials | 12.1M | $1.96B | 1.7% | +2.1% |
| META META PLATFORMS INC-CLASS A | Technology | 3.0M | $1.73B | 1.5% | +17.0% |
| AVGO BROADCOM INC | Technology | 5.3M | $1.64B | 1.4% | +21.2% |
| TD TORONTO-DOMINION BANK | Financials | 16.9M | $1.58B | 1.4% | -0.5% |
| LLY ELI LILLY & CO | Healthcare | 1.4M | $1.33B | 1.1% | +3.3% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 26.7M | $1.30B | 1.1% | -7.5% |
| LNG CHENIERE ENERGY INC | Utilities | 3.7M | $1.05B | 0.9% | -11.5% |
| SHOP SHOPIFY INC - CLASS A | Technology | 8.4M | $998.1M | 0.9% | +8.5% |
| SU SUNCOR ENERGY INC | Energy | 14.4M | $954.6M | 0.8% | -13.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.6M | $871.6M | 0.8% | -5.3% |
| GOOG ALPHABET INC-CL C | Technology | 3.0M | $855.3M | 0.7% | -7.7% |
| TSLA TESLA INC | Industrials | 2.3M | $837.9M | 0.7% | -7.8% |
| AEM AGNICO EAGLE MINES LTD | Materials | 4.1M | $829.9M | 0.7% | +9.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 8.1M | $769.2M | 0.7% | -8.7% |
| KKR KKR & CO INC | Financials | 8.1M | $749.8M | 0.6% | +15.2% |
| AZN ASTRAZENECA PLC | Healthcare | 3.8M | $745.2M | 0.6% | New |
| JPM JPMORGAN CHASE & CO | Financials | 2.5M | $739.6M | 0.6% | -3.0% |
| MCK MCKESSON CORP | Consumer discretionary | 812.4K | $703.0M | 0.6% | -16.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.4M | $699.8M | 0.6% | -6.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 2.6M | $697.9M | 0.6% | +9.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.4M | $659.4M | 0.6% | -16.6% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 8.1M | $637.1M | 0.6% | -22.6% |
| CRM SALESFORCE INC | Technology | 3.4M | $634.1M | 0.5% | +31.3% |
| B BARRICK MINING CORP | Materials | 15.0M | $612.1M | 0.5% | +1.2% |
| ELV ELEVANCE HEALTH INC | Financials | 2.1M | $608.4M | 0.5% | -8.7% |
| WCN WASTE CONNECTIONS INC | Utilities | 3.7M | $604.6M | 0.5% | +48.7% |
| ENB ENBRIDGE INC | Energy | 10.8M | $585.5M | 0.5% | -2.9% |
| ABBV ABBVIE INC | Healthcare | 2.7M | $576.4M | 0.5% | -11.2% |
| V VISA INC-CLASS A SHARES | Services media | 1.9M | $573.5M | 0.5% | +0.8% |
| WMT WALMART INC | Consumer discretionary | 4.5M | $559.2M | 0.5% | -12.0% |
| XOM EXXON MOBIL CORP | Energy | 3.3M | $552.7M | 0.5% | -4.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.7M | $525.6M | 0.5% | -15.8% |
| ABT ABBOTT LABORATORIES | Healthcare | 5.1M | $525.3M | 0.5% | +67.4% |
| LEN LENNAR CORP-A | Industrials | 6.0M | $519.0M | 0.4% | -1.9% |
| URI UNITED RENTALS INC | Services media | 672.2K | $489.7M | 0.4% | -7.2% |
| ACN ACCENTURE PLC-CL A | Services media | 2.4M | $472.9M | 0.4% | +24.3% |
| CVE CENOVUS ENERGY INC | Energy | 17.7M | $470.1M | 0.4% | +13.6% |
| MDT MEDTRONIC PLC | Healthcare | 5.4M | $469.1M | 0.4% | +1.2% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 4.4M | $452.9M | 0.4% | -1.1% |
| KLAC KLA CORP | Other | 307.3K | $452.5M | 0.4% | -22.9% |
| AMGN AMGEN INC | Healthcare | 1.3M | $442.6M | 0.4% | +5.5% |
| SLF SUN LIFE FINANCIAL INC | Financials | 6.9M | $434.7M | 0.4% | -9.2% |
| DHR DANAHER CORP | Technology | 2.2M | $423.3M | 0.4% | -5.3% |
| PBA PEMBINA PIPELINE CORP | Energy | 8.9M | $399.1M | 0.3% | -9.2% |
| BN BROOKFIELD CORP | Real estate | 9.8M | $398.0M | 0.3% | -11.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 2805 | $116.28B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 2850 | $121.70B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 2904 | $121.67B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 2904 | $111.78B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 2894 | $105.65B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 2970 | $115.13B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 2997 | $114.06B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 2959 | $107.11B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 2944 | $107.94B | canonical | SEC ↗ |
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