# EDGAR Filing Document

**Accession Number:** 0001664324
**File Stem:** 0001664324-25-000004
**Filing Date:** 2025-7
**Character Count:** 11555
**Document Hash:** 7244605ed302c909ef3948b6e45a9a97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001664324-25-000004.hdr.sgml**: 20250711

**ACCESSION NUMBER**: 0001664324-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250711

**DATE AS OF CHANGE**: 20250711

**EFFECTIVENESS DATE**: 20250711

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mandatum Life Insurance Co Ltd
- **CENTRAL INDEX KEY:** 0001664324

**ORGANIZATION NAME:**
- **EIN:** 980424243
- **STATE OF INCORPORATION:** H9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17135
- **FILM NUMBER:** 251117475

**BUSINESS ADDRESS:**
- **STREET 1:** BULEVARDI 56
- **CITY:** HELSINKI
- **STATE:** H9
- **ZIP:** 00120
- **BUSINESS PHONE:** 358105160763

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 627
- **CITY:** HELSINKI
- **STATE:** H9
- **ZIP:** 00101

### 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:** Mandatum Life Insurance Co Ltd<br>**Address:** P.O. BOX 627<br>HELSINKI, H9 00101

**Form 13F File Number:** 028-17135

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:** JULIA MICHELSON<br>**Title:** HEAD OF REPORTING  DATA MANAGEMENT<br>**Phone:** 358407604277

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

JULIA MICHELSON  HELSINKI, H9  07-11-2025<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:** 0

**Form 13F Information Table Entry Total:** 82

**Form 13F Information Table Value Total:** $379923959

      (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.]

**NONE**

### 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 |  | 7490759 | 52789 | SH |  | SOLE |  | 52789 | 0 | 0 |
| AIRBNB INC | COM CL A ADDED | 009066101 |  | 2990884 | 22600 | SH |  | SOLE |  | 22600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 373799 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9066857 | 51449 | SH |  | SOLE |  | 51449 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1876004 | 8551 | SH |  | SOLE |  | 8551 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 651004 | 3173 | SH |  | SOLE |  | 3173 | 0 | 0 |
| ARES CAP CORP | COM | 04010L103 |  | 533518 | 24295 | SH |  | SOLE |  | 24295 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 238095 | 1170 | SH |  | SOLE |  | 1170 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 6100021 | 128910 | SH |  | SOLE |  | 128910 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 584867 | 1204 | SH |  | SOLE |  | 1204 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 514247 | 35861 | SH |  | SOLE |  | 35861 | 0 | 0 |
| BURFORD CAP LTD | ORD SHS ADDED | G17977110 |  | 432880 | 37000 | SH |  | SOLE |  | 37000 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 4882871 | 66715 | SH |  | SOLE |  | 66715 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 9745392 | 140464 | SH |  | SOLE |  | 140464 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 7267801 | 85383 | SH |  | SOLE |  | 85383 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2954250 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2327845 | 65224 | SH |  | SOLE |  | 65224 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 285355 | 1750 | SH |  | SOLE |  | 1750 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 336654 | 661 | SH |  | SOLE |  | 661 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1411060 | 2775 | SH |  | SOLE |  | 2775 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 4395162 | 35442 | SH |  | SOLE |  | 35442 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 266724 | 1082 | SH |  | SOLE |  | 1082 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 339875 | 436 | SH |  | SOLE |  | 436 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 6666500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 14180185 | 19212 | SH |  | SOLE |  | 19212 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 2617500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 1105748 | 164791 | SH |  | SOLE |  | 164791 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 521593 | 25137 | SH |  | SOLE |  | 25137 | 0 | 0 |
| GAP INC | DEL COM | 364760108 |  | 4362000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| GOLDMAN SACHS BDC INC | SHS | 38147U107 |  | 527085 | 46852 | SH |  | SOLE |  | 46852 | 0 | 0 |
| GOLUB CAP BDC INC | COM | 38173M102 |  | 521042 | 35566 | SH |  | SOLE |  | 35566 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 3422720 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 275820 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ISHARES | MSCI EM ASIA ETF | 464286426 |  | 326485 | 3955 | SH |  | SOLE |  | 3955 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 326803 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |
| ISHARES TR | USA MIN VOL ETF | 46429B697 |  | 3957935 | 42164 | SH |  | SOLE |  | 42164 | 0 | 0 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 2060887 | 18802 | SH |  | SOLE |  | 18802 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2030084 | 42083 | SH |  | SOLE |  | 42083 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 561058 | 6076 | SH |  | SOLE |  | 6076 | 0 | 0 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 866757 | 8712 | SH |  | SOLE |  | 8712 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 4295084 | 19904 | SH |  | SOLE |  | 19904 | 0 | 0 |
| ISHARES TR | CORE S 500 ETF | 464287200 |  | 139829068 | 225204 | SH |  | SOLE |  | 225204 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 5324609 | 48720 | SH |  | SOLE |  | 48720 | 0 | 0 |
| ISHARES TR | U.S. FINLS ETF | 464287788 |  | 376642 | 3113 | SH |  | SOLE |  | 3113 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 204664 | 2470 | SH |  | SOLE |  | 2470 | 0 | 0 |
| ISHARES TR | CORE MSCI PAC | 46434V696 |  | 10692262 | 155637 | SH |  | SOLE |  | 155637 | 0 | 0 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 478442 | 8471 | SH |  | SOLE |  | 8471 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 2196664 | 27237 | SH |  | SOLE |  | 27237 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 404804 | 6331 | SH |  | SOLE |  | 6331 | 0 | 0 |
| ISHARES TR | FLTG RATE BD ETF | 46429B655 |  | 258161 | 5060 | SH |  | SOLE |  | 5060 | 0 | 0 |
| ISHARES TR | GL CLEAN ENE ETF | 464288224 |  | 465589 | 35514 | SH |  | SOLE |  | 35514 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 298374 | 1722 | SH |  | SOLE |  | 1722 | 0 | 0 |
| ISHARES TR | IBOXX HIG YLD EX | 46435G441 |  | 336205 | 7078 | SH |  | SOLE |  | 7078 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 10002475 | 34502 | SH |  | SOLE |  | 34502 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 3384021 | 26249 | SH |  | SOLE |  | 26249 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 826665 | 10231 | SH |  | SOLE |  | 10231 | 0 | 0 |
| LEMONADE INC | COM | 52567D107 |  | 201526 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 8007083 | 14249 | SH |  | SOLE |  | 14249 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5155059 | 59138 | SH |  | SOLE |  | 59138 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 6733271 | 54631 | SH |  | SOLE |  | 54631 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 10990771 | 22096 | SH |  | SOLE |  | 22096 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 1213308 | 67481 | SH |  | SOLE |  | 67481 | 0 | 0 |
| NAVITAS SEMICONDUCTOR CORP | COM | 63942X106 |  | 78600 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1939485 | 12276 | SH |  | SOLE |  | 12276 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 |  | 515173 | 37714 | SH |  | SOLE |  | 37714 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 273943 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2663284 | 19537 | SH |  | SOLE |  | 19537 | 0 | 0 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 72842 | 48887 | SH |  | SOLE |  | 48887 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 233634 | 1467 | SH |  | SOLE |  | 1467 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 8304250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 206323 | 1290 | SH |  | SOLE |  | 1290 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 592062 | 82003 | SH |  | SOLE |  | 82003 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1782497 | 2885 | SH |  | SOLE |  | 2885 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 732743 | 73476 | SH |  | SOLE |  | 73476 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 3721374 | 37723 | SH |  | SOLE |  | 37723 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 933920 | 2940 | SH |  | SOLE |  | 2940 | 0 | 0 |
| TJX COS INC | NEW COM | 872540109 |  | 5557050 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| VANECK VECTORS ETF TR | AGRIBUSINESS ETF | 92189F700 |  | 2914469 | 39588 | SH |  | SOLE |  | 39588 | 0 | 0 |
| VANGUARD INDEX FDS S 500 ETF | SHS | 922908363 |  | 21748165 | 38287 | SH |  | SOLE |  | 38287 | 0 | 0 |
| VIOMI TECHNOLOGY CO LTD | SPONSORED ADS | 92762J103 |  | 45900 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 6508777 | 18332 | SH |  | SOLE |  | 18332 | 0 | 0 |
| ZEPP HEALTH CORPORATION | SPONSORED ADR | 98945L204 |  | 28595 | 10750 | SH |  | SOLE |  | 10750 | 0 | 0 |

---