MASSACHUSETTS MUTUAL LIFE INSURANCE CO

Fundamental diversified ★Signal financials specialist (100%) CIK 225602
Long book
$2.17B
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+13.5%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

MASSACHUSETTS MUTUAL LIFE INSURANCE CO is a diversified fundamental manager, specialised in financials (100% of the long book), running a $2.17B US long book across 2 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: INVESCO LTD, JEFFERIES FINANCIAL GROUP IN.

Over the last 7 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 3 of 7 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q3 2024
+5.3%
Q4 2024
-16.1%
Q1 2025
+4.9%
Q2 2025
+42.5%
Q3 2025
+12.7%
Q4 2025
-9.9%
Q1 2026
+13.5%

Sector allocation

Financials
100%

Long book by quarter

$1.71B
Q3 2024
$1.79B
Q4 2024
$1.48B
Q1 2025
$1.54B
Q2 2025
$2.17B
Q3 2025
$2.43B
Q4 2025
$2.17B
Q1 2026

What does MASSACHUSETTS MUTUAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
IVZ INVESCO LTDFinancials81.3M$1.98B91.1%Held
JEF JEFFERIES FINANCIAL GROUP INFinancials4.7M$192.1M8.9%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 28, 20262$2.17B canonicalSEC ↗
Q4 202513F-HRFeb 13, 20262$2.43B canonicalSEC ↗
Q3 202513F-HRNov 4, 20252$2.17B canonicalSEC ↗
Q2 202513F-HRAug 15, 20252$1.54B canonicalSEC ↗
Q1 202513F-HRMay 14, 20252$1.48B canonicalSEC ↗
Q4 202413F-HRFeb 13, 20252$1.79B canonicalSEC ↗
Q3 202413F-HRNov 15, 20242$1.71B canonicalSEC ↗
Q2 202413F-NTJul 16, 2024$0 SEC ↗
Q1 202413F-NTApr 16, 2024$0 SEC ↗