# EDGAR Filing Document

**Accession Number:** 0001640951
**File Stem:** 0001213900-25-076053
**Filing Date:** 2025-8
**Character Count:** 15083
**Document Hash:** d3ab00bcf80183e920157ec54a87402e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-076053.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001213900-25-076053

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Empire Life Investments Inc.
- **CENTRAL INDEX KEY:** 0001640951

**ORGANIZATION NAME:**
- **EIN:** 813434115
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17965
- **FILM NUMBER:** 251214414

**BUSINESS ADDRESS:**
- **STREET 1:** 165 UNIVERSITY AVE 9TH FLOOR
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H3B8
- **BUSINESS PHONE:** 4163502726

**MAIL ADDRESS:**
- **STREET 1:** 165 UNIVERSITY AVE 9TH FLOOR
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5H3B8

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Empire Life Investments Inc.<br>**Address:** 165 University Ave 9th floor<br>Toronto, A6 M5H3B8

**Form 13F File Number:** 028-17965

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Richard B. Carty<br>**Title:** General Counsel<br>**Phone:** 1-877-548-1881

**Signature, Place, and Date of Signing:**

/s/ Richard B. Carty  Toronto, A6  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 111

**Form 13F Information Table Value Total:** $1574417655

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                   | Form 13F File Number   |
|:---|:---|:---|
|  | E-L Financial Corp Ltd | 028-17898              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Advanced Micro Devices Inc | COM | 007903107 |  | 780592 | 5501 | SH |  | DFND | 1 | 5501 | 0 | 0 |
| Alphabet Inc - CL C | CLS C | 02079K107 |  | 46814463 | 263907 | SH |  | DFND | 1 | 263907 | 0 | 0 |
| Altria Group Inc | COM | 02209S103 |  | 18130038 | 309228 | SH |  | DFND | 1 | 309228 | 0 | 0 |
| Amazon.Com Inc | COM | 023135106 |  | 77849006 | 354843 | SH |  | DFND | 1 | 354843 | 0 | 0 |
| Ameren Corp | COM | 023608102 |  | 14818492 | 154295 | SH |  | DFND | 1 | 154295 | 0 | 0 |
| AMETEK Inc | COM | 031100100 |  | 26391568 | 145842 | SH |  | DFND | 1 | 145842 | 0 | 0 |
| Ansys Inc | COM | 03662Q105 |  | 1832666 | 5218 | SH |  | DFND | 1 | 5218 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 29621008 | 144373 | SH |  | DFND | 1 | 144373 | 0 | 0 |
| ARCTURUS THERAPEUTICS HLDGS | COM | 03969T109 |  | 3434796 | 264012 | SH |  | DFND | 1 | 264012 | 0 | 0 |
| AT Inc | COM | 00206R102 |  | 9754748 | 337068 | SH |  | DFND | 1 | 337068 | 0 | 0 |
| AutoZone Inc | COM | 053332102 |  | 24025553 | 6472 | SH |  | DFND | 1 | 6472 | 0 | 0 |
| Bank of America Corp | COM | 060505104 |  | 25752964 | 544230 | SH |  | DFND | 1 | 544230 | 0 | 0 |
| BlackRock Inc | COM | 09290D101 |  | 1306316 | 1245 | SH |  | DFND | 1 | 1245 | 0 | 0 |
| Booking Holdings Inc | COM | 09857L108 |  | 14033118 | 2424 | SH |  | DFND | 1 | 2424 | 0 | 0 |
| Broadcom Ltd | COM | 11135F101 |  | 16856824 | 61153 | SH |  | DFND | 1 | 61153 | 0 | 0 |
| Burlington Stores Inc | COM | 122017106 |  | 1791561 | 7701 | SH |  | DFND | 1 | 7701 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 22042669 | 153940 | SH |  | DFND | 1 | 153940 | 0 | 0 |
| Church  Dwight Co Inc | COM | 171340102 |  | 1045581 | 10879 | SH |  | DFND | 1 | 10879 | 0 | 0 |
| Cintas Corp | COM | 172908105 |  | 9859992 | 44241 | SH |  | DFND | 1 | 44241 | 0 | 0 |
| CME Group Inc/IL | COM | 12572Q105 |  | 23016199 | 83507 | SH |  | DFND | 1 | 83507 | 0 | 0 |
| Coca-Cola Co | COM | 191216100 |  | 6012830 | 84987 | SH |  | DFND | 1 | 84987 | 0 | 0 |
| COEUR MNG INC COM NEW | COM | 192108504 |  | 2346527 | 264845 | SH |  | DFND | 1 | 264845 | 0 | 0 |
| Comcast Corp - A | CLS A | 20030N101 |  | 13935410 | 390457 | SH |  | DFND | 1 | 390457 | 0 | 0 |
| Constellation Brands Inc - A | CLS A | 21036P108 |  | 7733645 | 47539 | SH |  | DFND | 1 | 47539 | 0 | 0 |
| Costco Wholesale Corp Common | COM | 22160K105 |  | 17225946 | 17401 | SH |  | DFND | 1 | 17401 | 0 | 0 |
| CROWDSTRIKE HLDGS INC CL A | CLS A | 22788C105 |  | 1307908 | 2568 | SH |  | DFND | 1 | 2568 | 0 | 0 |
| CubeSmart | COM | 229663109 |  | 1170365 | 27538 | SH |  | DFND | 1 | 27538 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 6531911 | 74830 | SH |  | DFND | 1 | 74830 | 0 | 0 |
| Dollar Tree Inc | COM | 256746108 |  | 15138561 | 152853 | SH |  | DFND | 1 | 152853 | 0 | 0 |
| Dr Horton Inc | COM | 23331A109 |  | 4898058 | 37993 | SH |  | DFND | 1 | 37993 | 0 | 0 |
| Elevance Health Inc | COM | 036752103 |  | 33869859 | 87078 | SH |  | DFND | 1 | 87078 | 0 | 0 |
| EOG Resources Inc | COM | 26875P101 |  | 23638285 | 197628 | SH |  | DFND | 1 | 197628 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 1197771 | 4618 | SH |  | DFND | 1 | 4618 | 0 | 0 |
| EVERCORE INC CLASS A | CLS A | 29977A105 |  | 17082545 | 63264 | SH |  | DFND | 1 | 63264 | 0 | 0 |
| EVI Industries Inc | COM | 26929N102 |  | 3655084 | 167434 | SH |  | DFND | 1 | 167434 | 0 | 0 |
| Exact Sciences | COM | 30063P105 |  | 14289824 | 268909 | SH |  | DFND | 1 | 268909 | 0 | 0 |
| Fidelity Fundamental LargeCapGrowth ETF | Fidelity Growth | 316092337 |  | 706762 | 26600 | SH |  | DFND | 1 | 26600 | 0 | 0 |
| Fidelity National Information Services | COM | 31620M106 |  | 16723324 | 205421 | SH |  | DFND | 1 | 205421 | 0 | 0 |
| Fifth Third Bancorp | COM | 316773100 |  | 194504 | 4729 | SH |  | DFND | 1 | 4729 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR FRANKLIN FOCU | Franklin Focused | 35473P421 |  | 1279818 | 29100 | SH |  | DFND | 1 | 29100 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 1062889 | 2899 | SH |  | DFND | 1 | 2899 | 0 | 0 |
| HubSpot Inc | COM | 443573100 |  | 16482928 | 29612 | SH |  | DFND | 1 | 29612 | 0 | 0 |
| Huntington Bancshares Inc/OH | COM | 446150104 |  | 9078305 | 541665 | SH |  | DFND | 1 | 541665 | 0 | 0 |
| INTUITIVE SURGICAL INC COM NEW | COM | 46120E602 |  | 2389917 | 4398 | SH |  | DFND | 1 | 4398 | 0 | 0 |
| Invesco Nasdaq 100 ETF | NASDAQ 100 ETF | 46138G649 |  | 14988600 | 66000 | SH |  | DFND | 1 | 66000 | 0 | 0 |
| iShares Core MSCI EAFE ETF | Core MSCI EAFE | 46432F842 |  | 30588491 | 366417 | SH |  | DFND | 1 | 366417 | 0 | 0 |
| iShares Europe ETF | EUROPE ETF | 464287861 |  | 222577 | 3519 | SH |  | DFND | 1 | 3519 | 0 | 0 |
| ishares MSCI EAFE Growth ETF | Core MSCI EAFE | 464288885 |  | 4200000 | 37500 | SH |  | DFND | 1 | 37500 | 0 | 0 |
| iShares MSCI INTL Momentum Factor ETF | MSCI INTL MOMENT | 46434V449 |  | 7017984 | 153600 | SH |  | DFND | 1 | 153600 | 0 | 0 |
| iShares MSCI USA Min Vol Factor ETF | MSCI USA MIN VOL | 46429B697 |  | 544446 | 5800 | SH |  | DFND | 1 | 5800 | 0 | 0 |
| iShares MSCI USA Momentum Factor ETF | MSCI USA MMENTM | 46432F396 |  | 1129504 | 4700 | SH |  | DFND | 1 | 4700 | 0 | 0 |
| iShares MSCI USA Quality Factor ETF | MSCI USA QLT FCT | 46432F339 |  | 1115202 | 6100 | SH |  | DFND | 1 | 6100 | 0 | 0 |
| iShares MSCI World ETF | MSCI WORLD ETF | 464286392 |  | 13025322 | 76900 | SH |  | DFND | 1 | 76900 | 0 | 0 |
| iShares Russell Top 200 Growth ETF | RUS TP200 GR ETF | 464289438 |  | 5250663 | 21300 | SH |  | DFND | 1 | 21300 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED FD ACTIVE GR | Active Grwth | 46654Q609 |  | 2841300 | 33000 | SH |  | DFND | 1 | 33000 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED FD EQUITY FO | Equity Focus ETF | 46654Q781 |  | 5912802 | 84300 | SH |  | DFND | 1 | 84300 | 0 | 0 |
| Jack Henry  Associates Inc | COM | 426281101 |  | 1922414 | 10670 | SH |  | DFND | 1 | 10670 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 26384660 | 172731 | SH |  | DFND | 1 | 172731 | 0 | 0 |
| Kirby Corp | COM | 497266106 |  | 10070695 | 88799 | SH |  | DFND | 1 | 88799 | 0 | 0 |
| Lam Research Corp | COM | 512807306 |  | 32719673 | 336138 | SH |  | DFND | 1 | 336138 | 0 | 0 |
| LEGEND BIOTECH CORP SPONSORED ADS | sponsored ads | 52490G102 |  | 9863629 | 277927 | SH |  | DFND | 1 | 277927 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 2746111 | 5853 | SH |  | DFND | 1 | 5853 | 0 | 0 |
| Mastercard Inc | CLS A | 57636Q104 |  | 26633708 | 47396 | SH |  | DFND | 1 | 47396 | 0 | 0 |
| Merck  Co Inc | COM | 58933Y105 |  | 12867221 | 162547 | SH |  | DFND | 1 | 162547 | 0 | 0 |
| Meta Platforms Inc | COM | 30303M102 |  | 29467505 | 39924 | SH |  | DFND | 1 | 39924 | 0 | 0 |
| Micron Technology Inc | COM | 595112103 |  | 12505808 | 101467 | SH |  | DFND | 1 | 101467 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 119317219 | 239877 | SH |  | DFND | 1 | 239877 | 0 | 0 |
| Morningstar Inc | COM | 617700109 |  | 2176791 | 6934 | SH |  | DFND | 1 | 6934 | 0 | 0 |
| Motorola Solutions Inc | COM | 620076307 |  | 21820613 | 51897 | SH |  | DFND | 1 | 51897 | 0 | 0 |
| Netflix Inc | COM | 64110L106 |  | 2048869 | 1530 | SH |  | DFND | 1 | 1530 | 0 | 0 |
| Newmont Corp | COM | 651639106 |  | 19763015 | 339221 | SH |  | DFND | 1 | 339221 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 |  | 28959342 | 57921 | SH |  | DFND | 1 | 57921 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 |  | 26738070 | 169239 | SH |  | DFND | 1 | 169239 | 0 | 0 |
| Oracle Corp | COM | 68389X105 |  | 621346 | 2842 | SH |  | DFND | 1 | 2842 | 0 | 0 |
| Peabody Energy Corp | COM | 704551100 |  | 8536636 | 636113 | SH |  | DFND | 1 | 636113 | 0 | 0 |
| PepsiCo  Inc/NC | COM | 713448108 |  | 12218982 | 92540 | SH |  | DFND | 1 | 92540 | 0 | 0 |
| Philip Morris International Inc | COM | 718172109 |  | 12606128 | 69215 | SH |  | DFND | 1 | 69215 | 0 | 0 |
| PNC Financial Services Group Inc | COM | 693475105 |  | 37241496 | 199772 | SH |  | DFND | 1 | 199772 | 0 | 0 |
| Progressive Corp | COM | 743315103 |  | 5859445 | 21957 | SH |  | DFND | 1 | 21957 | 0 | 0 |
| PUTNAM ETF TRUST FOCUSED LAR CAP | Focused Lar Cap | 746729300 |  | 5094124 | 126625 | SH |  | DFND | 1 | 126625 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2407693 | 15118 | SH |  | DFND | 1 | 15118 | 0 | 0 |
| Raymond James Financial Inc | COM | 754730109 |  | 2011294 | 13114 | SH |  | DFND | 1 | 13114 | 0 | 0 |
| Regal Rexnord Corp | CLS A | 758750103 |  | 8191110 | 56506 | SH |  | DFND | 1 | 56506 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2789850 | 5314 | SH |  | DFND | 1 | 5314 | 0 | 0 |
| ROCKET LAB USA INC | COM | 773121108 |  | 6155302 | 172080 | SH |  | DFND | 1 | 172080 | 0 | 0 |
| Roper Technologies | COM | 776696106 |  | 12544169 | 22130 | SH |  | DFND | 1 | 22130 | 0 | 0 |
| Ross Stores Inc | COM | 778296103 |  | 21876908 | 171476 | SH |  | DFND | 1 | 171476 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 17952333 | 17462 | SH |  | DFND | 1 | 17462 | 0 | 0 |
| SiteOne Landscape Supply | COM | 82982L103 |  | 5181795 | 42846 | SH |  | DFND | 1 | 42846 | 0 | 0 |
| Skechers USA Inc - A | CLS A | 830566105 |  | 1462847 | 23183 | SH |  | DFND | 1 | 23183 | 0 | 0 |
| T Rowe Price Blue Chip Growth ETF | PRICE BLUE CHIP | 87283Q107 |  | 3091740 | 68100 | SH |  | DFND | 1 | 68100 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3519355 | 11079 | SH |  | DFND | 1 | 11079 | 0 | 0 |
| Texas Instruments Inc | COM | 882508104 |  | 11683816 | 56275 | SH |  | DFND | 1 | 56275 | 0 | 0 |
| Tidewater Inc | COM | 88642R109 |  | 17453193 | 378348 | SH |  | DFND | 1 | 378348 | 0 | 0 |
| TJX Companies Inc | COM | 872540109 |  | 25346816 | 205254 | SH |  | DFND | 1 | 205254 | 0 | 0 |
| TOAST INC CL A | CLS A | 888787108 |  | 2447200 | 55254 | SH |  | DFND | 1 | 55254 | 0 | 0 |
| Tyler Technologies Inc | COM | 902252105 |  | 24331339 | 41042 | SH |  | DFND | 1 | 41042 | 0 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 2526645 | 8099 | SH |  | DFND | 1 | 8099 | 0 | 0 |
| Valero Energy Corp | COM | 91913Y100 |  | 9934041 | 73903 | SH |  | DFND | 1 | 73903 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | VNG RUS1000GRW | 92206C680 |  | 6191640 | 56700 | SH |  | DFND | 1 | 56700 | 0 | 0 |
| Vanguard S 500 ETF | S 500 ETF SHS | 922908363 |  | 85923626 | 151266 | SH |  | DFND | 1 | 151266 | 0 | 0 |
| VANGUARD TOTAL WORLD STOCK ETF | TT WRLD ST ETF | 922042742 |  | 1101802 | 8573 | SH |  | DFND | 1 | 8573 | 0 | 0 |
| VEEVA SYS INC CL A COM | CLS A | 922475108 |  | 4986374 | 17315 | SH |  | DFND | 1 | 17315 | 0 | 0 |
| Veralto Corp | COM | 92338C103 |  | 62185 | 616 | SH |  | DFND | 1 | 616 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 7796735 | 180188 | SH |  | DFND | 1 | 180188 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 6641631 | 203731 | SH |  | DFND | 1 | 203731 | 0 | 0 |
| Visa Inc -  A | CLS A | 92826C839 |  | 39433273 | 111064 | SH |  | DFND | 1 | 111064 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 47843743 | 246859 | SH |  | DFND | 1 | 246859 | 0 | 0 |
| WEC Energy Group | COM | 92939U106 |  | 20712147 | 198773 | SH |  | DFND | 1 | 198773 | 0 | 0 |
| WILLSCOT HLDNG CORP COM CL A | CLS A | 971378104 |  | 14019155 | 511648 | SH |  | DFND | 1 | 511648 | 0 | 0 |
| Zoetis Inc | COM | 98978V103 |  | 16666377 | 106870 | SH |  | DFND | 1 | 106870 | 0 | 0 |

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