Dai-Ichi Life Holdings, Inc.

CIK

948518

Location

Tokyo, M0

Portfolio Value

Small $102,811,705

Diversification

Highly concentrated

Files via

Dai-ichi Life Insurance Company, Ltd PROTECTIVE LIFE CORP CONCOURSE FINANCIAL GROUP SECURITIES, INC.

Filing Date

Global Rank

#7,486 / 8,105 ▲ 157 · as of Sep 2025

Top Industry

Asset Management 100.0%

Period ended 1 year ago

Filed Nov 14, 2025 · 12mo

11 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

13F reports continue under

Vertex Investment Solutions Co., Ltd. from Dec 31, 2025

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Medium turnover

68.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 6.0 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 95.3%; sector active share 86.1% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

21 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

58.5%

+10.5 pts

Top 5

96.8%

−0.4 pts

Top 10

100.0%

0.0 pts

HHI

3,830

Highly concentrated+765

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Unclassified	97.8%	$100,559,939	20
Financial Services	2.2%	$2,251,766	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	+85,526	108,874	$10,363,716
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+44,362	147,004	$16,386,535
VNQ	VANGUARD REAL ESTATE INDEX FUND	+33,811	98,047	$8,963,456
TIP	iShares TIPS Bond ETF	+25,507	100,053	$11,127,894
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+19,100	25,400	$2,269,236
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+16,500	24,800	$6,990,128
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−124,600	172,200	$10,133,970
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	−41,300	17,700	$1,437,063
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	−6,800	39,100	$4,628,267
XLF	State Street Corp	−3,200	41,800	$2,251,766
EWP	iShares MSCI Spain ETF	−2,000	22,900	$1,133,550
—		−1,300	10,700	$0
EWN	iShares MSCI Netherlands ETF	−700	19,500	$1,131,195
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−200	250,900	$13,305,227
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
IAGG	iShares Core International Aggregate Bond ETF	137,300	$7,033,879
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	17,600	$1,056,528
EWH	iShares MSCI Hong Kong ETF	48,300	$1,040,865
EWI	iShares MSCI Italy ETF	19,900	$1,033,805
—		9,300	$1,013,979
MBB	iShares MBS ETF	4,900	$466,235
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	18,200	$3,955,406
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	11,700	$1,577,043
EWS	iShares MSCI Singapore ETF	40,800	$1,059,984
EWU	iShares MSCI United Kingdom ETF	26,600	$1,056,552
EWL	iShares MSCI Switzerland ETF	18,900	$1,035,909
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $102,811,705 total · filing declares 21 positions · $103,635,420 · as of Sep 30, 2025

All sectors Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	147,004	+44,362	$16,386,535	+45.7%	7	before history	15.94%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Reduced	250,900	-200	$13,305,227	+0.4%	7	before history	12.94%
TIP	iShares TIPS Bond ETF	Added	100,053	+25,507	$11,127,894	+35.7%	7	before history	10.82%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Added	108,874	+85,526	$10,363,716	+379.2%	7	before history	10.08%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	172,200	-124,600	$10,133,970	−41.9%	7	before history	9.86%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	98,047	+33,811	$8,963,456	+56.7%	7	before history	8.72%
IAGG	iShares Core International Aggregate Bond ETF	NEW	137,300	NEW	$7,033,879	NEW	1	unpriced	6.84%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	24,800	+16,500	$6,990,128	+232.6%	6	unpriced	6.80%
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	Reduced	39,100	-6,800	$4,628,267	−7.1%	7	before history	4.50%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Added	25,400	+19,100	$2,269,236	+324.7%	3	unpriced	2.21%
XLF	State Street Corp Financial Services	Reduced	41,800	-3,200	$2,251,766	−4.5%	7	before history	2.19%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Reduced	17,700	-41,300	$1,437,063	−69.8%	2	unpriced	1.40%
EWP	iShares MSCI Spain ETF	Reduced	22,900	-2,000	$1,133,550	+3.4%	3	$34.93	1.10%
EWN	iShares MSCI Netherlands ETF	Reduced	19,500	-700	$1,131,195	+2.8%	5	$49.59	1.10%
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	NEW	17,600	NEW	$1,056,528	NEW	1	$59.71	1.03%
EWG	iShares MSCI Germany ETF	Held	25,100	0	$1,044,411	−1.7%	3	$35.73	1.02%
EWH	iShares MSCI Hong Kong ETF	NEW	48,300	NEW	$1,040,865	NEW	1	$20.98	1.01%
EWI	iShares MSCI Italy ETF	NEW	19,900	NEW	$1,033,805	NEW	1	$50.11	1.01%
		NEW	9,300	NEW	$1,013,979	NEW	1	$110.80	0.99%
MBB	iShares MBS ETF	NEW	4,900	NEW	$466,235	NEW	1	unpriced	0.45%
		Reduced	10,700	-1,300	$0	—	2	unpriced	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.