Nan Shan Life Insurance Co., Ltd.
Long book
$2.76B
Q1 2026
Positions
87
Top-10 weight
39%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
46%
of book per quarter
Strategy in plain words
auto-generated from filingsNan Shan Life Insurance Co., Ltd. is a diversified fundamental manager, running a $2.76B US long book across 87 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALPHABET INC-CL A, COSTCO WHOLESALE CORP, APPLE INC, VERIZON COMMUNICATIONS INC, QUALCOMM INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 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
Q1 2024
+0.5%
Q2 2024
+7.2%
Q3 2024
-1.4%
Q4 2024
-0.6%
Q1 2025
+6.3%
Q2 2025
+5.1%
Q3 2025
+1.8%
Q4 2025
-3.0%
Q1 2026
+13.2%
Sector allocation
Technology 42%
Healthcare 13%
Services media 12%
Industrials 8%
Consumer discretionary 8%
Financials 6%
Communications 5%
Other 3%
Long book by quarter
What does Nan Shan own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 599.7K | $172.5M | 6.2% | +543.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 131.8K | $131.4M | 4.8% | +31.2% |
| AAPL APPLE INC | Technology | 431.8K | $109.6M | 4.0% | +4053.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 2.1M | $104.8M | 3.8% | -28.2% |
| QCOM QUALCOMM INC | Technology | 798.3K | $102.8M | 3.7% | Held |
| MSFT MICROSOFT CORP | Technology | 272.6K | $100.9M | 3.7% | +64.4% |
| ETN EATON CORP PLC | Industrials | 275.2K | $98.4M | 3.6% | New |
| NVDA NVIDIA CORP | Technology | 514.7K | $89.8M | 3.2% | +373.5% |
| PFE PFIZER INC | Healthcare | 3.1M | $86.2M | 3.1% | +73.6% |
| META META PLATFORMS INC-CLASS A | Technology | 148.0K | $84.7M | 3.1% | +14.0% |
| NFLX NETFLIX INC | Services media | 810.2K | $77.9M | 2.8% | Held |
| V VISA INC-CLASS A SHARES | Services media | 226.0K | $68.3M | 2.5% | -36.8% |
| DIS WALT DISNEY CO/THE | Services media | 630.5K | $60.8M | 2.2% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 939.8K | $57.0M | 2.1% | Held |
| NOW SERVICENOW INC | Technology | 514.3K | $53.8M | 1.9% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 237.3K | $49.4M | 1.8% | +387.9% |
| JPM JPMORGAN CHASE & CO | Financials | 164.4K | $48.3M | 1.8% | +601.9% |
| APTV APTIV PLC | Industrials | 687.5K | $47.7M | 1.7% | 0.0% |
| AVGO BROADCOM INC | Technology | 147.2K | $45.6M | 1.6% | +201.2% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 552.2K | $44.2M | 1.6% | Held |
| MRVL MARVELL TECHNOLOGY INC | Technology | 390.4K | $38.7M | 1.4% | -21.4% |
| NKE NIKE INC -CL B | Other | 685.9K | $36.2M | 1.3% | -0.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 77.5K | $35.7M | 1.3% | +110.5% |
| XYZ BLOCK INC | Technology | 552.7K | $33.3M | 1.2% | -0.5% |
| NEM NEWMONT CORP | Materials | 305.8K | $33.1M | 1.2% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 117.6K | $31.8M | 1.2% | -1.5% |
| CME CME GROUP INC | Financials | 102.5K | $30.3M | 1.1% | New |
| CVS CVS HEALTH CORP | Healthcare | 411.1K | $29.5M | 1.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 566.0K | $27.6M | 1.0% | New |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 109.9K | $27.5M | 1.0% | Held |
| CRM SALESFORCE INC | Technology | 137.8K | $25.7M | 0.9% | -1.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 172.8K | $25.0M | 0.9% | -37.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 341.3K | $24.6M | 0.9% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 117.2K | $22.8M | 0.8% | -54.0% |
| ON ON SEMICONDUCTOR | Technology | 360.0K | $22.3M | 0.8% | -0.2% |
| SPGI S&P GLOBAL INC | Services media | 47.7K | $20.3M | 0.7% | -52.2% |
| PYPL PAYPAL HOLDINGS INC | Services media | 431.3K | $19.5M | 0.7% | -0.3% |
| KMI KINDER MORGAN INC | Utilities | 577.2K | $19.4M | 0.7% | -21.7% |
| ADBE ADOBE INC | Technology | 76.8K | $18.7M | 0.7% | -4.3% |
| INTC INTEL CORP | Technology | 391.9K | $17.3M | 0.6% | -71.0% |
| LLY ELI LILLY & CO | Healthcare | 15.7K | $14.4M | 0.5% | New |
| RACE FERRARI NV | Industrials | 40.7K | $13.6M | 0.5% | Held |
| RCL ROYAL CARIBBEAN CRUISES LTD | Industrials | 44.6K | $12.3M | 0.4% | New |
| VLO VALERO ENERGY CORP | Energy | 49.3K | $12.2M | 0.4% | New |
| GILD GILEAD SCIENCES INC | Healthcare | 82.8K | $11.5M | 0.4% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 46.6K | $10.0M | 0.4% | New |
| CSCO CISCO SYSTEMS INC | Technology | 107.4K | $8.3M | 0.3% | New |
| MA MASTERCARD INC - A | Services media | 15.0K | $7.5M | 0.3% | Held |
| SLB SLB LTD | Energy | 120.0K | $6.2M | 0.2% | -28.8% |
| ILMN ILLUMINA INC | Healthcare | 37.4K | $4.6M | 0.2% | -0.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 87 | $2.76B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 82 | $3.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 103 | $4.71B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 116 | $4.50B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 112 | $4.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 111 | $4.16B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 98 | $4.24B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 104 | $4.23B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 104 | $4.25B | canonical | SEC ↗ |
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