CIK: 0000928047
Total reported value
$116.3B
Reporting period: 2026-03-31 · Number of holdings: 2805
MANUFACTURERS LIFE INSURANCE COMPANY, THE disclosed 2805 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $116.3B and a quarterly turnover rate of 25.3%.
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Manufacturers Life Insurance Company, THE's disclosed holdings carry a Herfindahl concentration index of 0.008 — mathematically equivalent to about 127 equally-sized positions, well below its 2805 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.59), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add JHCR
+12123.0% $2.2B
Trim MSFT
+3.3% -$1.1B
Trim HO1
-98.8% -$694.6M
Add JDVL
+4167.6% $453.4M
Add JHLN
+288.9% $441.5M
Trim NVDA
-8.2% -$554.4M
MANUFACTURERS LIFE is executing a defensive capital rotation: trimming mega-cap tech leaders (NVDA, AMZN, AAPL) while pouring into previously negligible positions JHCR (surging from 0.01% to 1.9%) and JDVL, alongside a new buy in AZN. This is not alpha hunting but a systematic shift toward lower-beta, income-oriented assets, betting that the high-momentum growth cycle has peaked.
The flows price in a regime shift away from growth dominance and into value and fixed income proxies. The dramatic buildup in JHCR signals a belief that duration and stability will outperform equities, while the trims on tech giants reflect a fear of multiple compression. The opposing thesis: the AI productivity cycle continues, large-cap tech earnings hold, and this rotation is premature—a crowded trade that will suffer if the economy reaccelerates.
The extreme diversification (2,805 positions, HHI 0.008) clashes with a single-position conviction in JHCR—a name that went from trivial to a top weight. This binary bet creates a risk mismatch; if JHCR is duration-sensitive, a rate shock would directly impair both the new position and the implicit short on growth. Meanwhile, the contrarian tilt (score 75.1) risks becoming a consensus trade among value rotators, exposing the strategy to crowded momentum reversal if the macro story stalls.
The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.
Showing top 200 holdings (of 2805 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 3.55% | -0.75% | +3.26% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 2.89% | -0.33% | -8.15% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.84% | -0.31% | -4.44% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.58% | -0.20% | -3.58% | |
| 5 | AAPL | Apple INC | Stock-Tech | 2.49% | -0.31% | -9.12% | |
| 6 | JHCR | John Hancock Core Bond ETF | ETF-Other | 1.90% | +1.89% | +12122.99% | |
| 7 | RY | Royal Bank Of Canada | Stock-Financials | 1.68% | — | +2.11% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.48% | — | +16.96% | |
| 9 | AVGO | Broadcom INC | Stock-Tech | 1.41% | +0.16% | +21.20% | |
| 10 | TD | Toronto-dominion Bank | Stock-Financials | 1.36% | — | -0.51% | |
| 11 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.14% | -0.10% | +3.35% | |
| 12 | CNQ | Canadian Natural Resources | Stock-Energy | 1.12% | +0.31% | -7.45% | |
| 13 | LNG | Cheniere Energy INC | Stock-Energy | 0.90% | +0.23% | -11.52% | |
| 14 | SHOP | Shopify INC - Class A | Stock-Tech | 0.86% | -0.17% | +8.51% | |
| 15 | SU | Suncor Energy INC | Stock-Energy | 0.82% | +0.21% | -13.41% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.77% | — | +5.44% | |
| 17 | BND | Vanguard Total Bond Market | ETF-Other | 0.77% | — | -5.95% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.75% | — | -5.28% | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.74% | -0.09% | -7.71% | |
| 20 | TSLA | Tesla INC | Stock-Consumer Disc | 0.72% | -0.18% | -7.77% | |
| 21 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.71% | +0.19% | +9.02% | |
| 22 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.70% | — | -2.07% | |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.68% | — | -0.80% | |
| 24 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 0.66% | — | -8.69% | |
| 25 | KKR | Kkr & Co INC | Stock-Financials | 0.64% | -0.10% | +15.18% | |
| 26 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.64% | +0.64% | NEW | |
| 27 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.64% | — | -3.03% | |
| 28 | MCK | Mckesson CORP | Stock-Healthcare | 0.60% | — | -15.95% | |
| 29 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.60% | -0.13% | -6.50% | |
| 30 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.60% | — | +9.02% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.57% | -0.11% | -16.56% | |
| 32 | JHEM | John Hancock Multi Em Mrk Et | ETF-Other | 0.56% | — | +18.31% | |
| 33 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.55% | -0.08% | -22.61% | |
| 34 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.55% | — | -14.29% | |
| 35 | CRM | Salesforce INC | Stock-Tech | 0.55% | — | +31.30% | |
| 36 | B | Barrick Mining CORP | Stock-Materials | 0.53% | — | +1.18% | |
| 37 | ELV | Elevance Health INC | Stock-Healthcare | 0.52% | -0.14% | -8.66% | |
| 38 | WCN | Waste Connections INC | Stock-Industrials | 0.52% | +0.16% | +48.66% | |
| 39 | JHLN | Jh Global Senior Loan ETF | ETF-Other | 0.52% | +0.39% | +288.92% | |
| 40 | ENB | Enbridge INC | Stock-Energy | 0.50% | — | -2.93% | |
| 41 | ABBV | Abbvie INC | Stock-Healthcare | 0.50% | — | -11.21% | |
| 42 | V | Visa Inc-class A Shares | Stock-Financials | 0.49% | — | +0.83% | |
| 43 | WMT | Walmart INC | Stock-Consumer Staples | 0.48% | — | -12.04% | |
| 44 | XOM | Exxon Mobil CORP | Stock-Energy | 0.48% | +0.14% | -4.20% | |
| 45 | TXN | Texas Instruments INC | Stock-Tech | 0.45% | — | -15.78% | |
| 46 | ABT | Abbott Laboratories | Stock-Healthcare | 0.45% | +0.14% | +67.36% | |
| 47 | LEN | Lennar Corp-a | Stock-Consumer Disc | 0.45% | — | -1.86% | |
| 48 | URI | United Rentals INC | Stock-Industrials | 0.42% | — | -7.17% | |
| 49 | ACN | Accenture plc | Stock-Tech | 0.41% | — | +24.31% | |
| 50 | CVE | Cenovus Energy INC | Stock-Energy | 0.40% | +0.18% | +13.57% |
Performance for Q3 2026
+2.1%
Performance Last 4 Quarters
+22.6%
Based on 73% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2805 | $116.3B | 25 | |
| 2025-12-31 | 2850 | $121.7B | 19 | |
| 2025-09-30 | 2904 | $121.7B | 36 | |
| 2025-06-30 | 2904 | $111.8B | 0 | |
| 2025-03-31 | 2894 | $105.6B | 100 | |
| 2024-12-31 | 2970 | $115.1B | 0 | |
| 2024-09-30 | 2997 | $114.1B | 0 | |
| 2024-06-30 | 2959 | $107.1B | 0 | |
| 2024-03-31 | 2944 | $107.9B | 0 | |
| 2023-12-31 | 2959 | $167.5B | 0 | |
| 2023-09-30 | 2973 | $172.1B | 0 | |
| 2023-06-30 | 2959 | $179.4B | 0 | |
| 2023-03-31 | 2929 | $177.2B | 0 | |
| 2022-12-31 | 2958 | $158.7B | 0 | |
| 2022-09-30 | 2949 | $143.6B | 0 | |
| 2022-06-30 | 2996 | $142.8B | 0 | |
| 2022-03-31 | 3065 | $152.6B | 0 | |
| 2021-12-31 | 4931 | $163.3B | 0 | |
| 2021-09-30 | 4942 | $122.2B | 0 | |
| 2021-06-30 | 5048 | $123.3B | 97 | |
| 2021-03-31 | 4842 | $115.3B | 19 | |
| 2020-12-31 | 4750 | $108.4B | 20 | |
| 2020-09-30 | 4644 | $97.0B | 34 | |
| 2020-06-30 | 4560 | $106.5B | 28 | |
| 2020-03-31 | 4461 | $90.2B | 43 | |
| 2019-12-31 | 4546 | $95.1B | 17 | |
| 2019-09-30 | 4557 | $89.2B | 20 | |
| 2019-06-30 | 4583 | $85.9B | 21 | |
| 2019-03-31 | 5330 | $92.4B | 25 | |
| 2018-12-31 | 5939 | $79.2B | 32 | |
| 2018-09-30 | 6404 | $94.7B | 22 | |
| 2018-06-30 | 11964 | $91.6B | 19 | |
| 2018-03-31 | 12054 | $90.4B | 17 | |
| 2017-12-31 | 11905 | $92.8B | 22 | |
| 2017-09-30 | 11657 | $83.8B | 15 | |
| 2017-06-30 | 11919 | $82.0B | 18 | |
| 2017-03-31 | 11438 | $79.0B | 22 | |
| 2016-12-31 | 9793 | $70.2B | 21 | |
| 2016-09-30 | 9602 | $67.5B | 19 | |
| 2016-06-30 | 9442 | $65.1B | 68 | |
| 2016-03-31 | 9020 | $115.9B | 19 | |
| 2015-12-31 | 8752 | $105.1B | 23 | |
| 2015-09-30 | 7988 | $94.7B | 28 | |
| 2015-06-30 | 8501 | $83.8B | 16 | |
| 2015-03-31 | 8384 | $78.9B | 35 | |
| 2014-12-31 | 7861 | $68.9B | 30 | |
| 2014-09-30 | 7821 | $67.7B | 25 | |
| 2014-06-30 | 7661 | $66.0B | 25 | |
| 2014-03-31 | 7527 | $62.8B | 34 | |
| 2013-12-31 | 7523 | $64.2B | 20 | |
| 2013-09-30 | 7635 | $60.0B | 25 | |
| 2013-06-30 | 7439 | $53.1B | 0 |
Manufacturers Life Insurance Company, THE's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); New buy: Nextera Energy INC (NEE 7.375 02-15-29); New buy: Oracle CORP (ORCL 6.5 01-15-29 D); Add: John Hancock Core Bond ETF (JHCR) — shares +12122.99%; Add: Microsoft CORP (MSFT) — shares +3.26%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JHCR | John Hancock Core Bond ETF | +1.9% | +12122.99% | Add |
| 2 | JDVL | Jh Disc Value Select ETF | +0.4% | +4167.56% | Add |
| 3 | JHLN | Jh Global Senior Loan ETF | +0.4% | +288.92% | Add |
| 4 | CNQ | Canadian Natural Resources | +0.3% | -7.45% | Trim |
| 5 | LNG | Cheniere Energy INC | +0.2% | -11.52% | Trim |
| 6 | SU | Suncor Energy INC | +0.2% | -13.41% | Trim |
| 7 | AEM | Agnico Eagle Mines LTD | +0.2% | +9.02% | Add |
| 8 | CVE | Cenovus Energy INC | +0.2% | +13.57% | Add |
| 9 | ALNY | Alnylam Pharmaceuticals INC | +0.2% | +944.54% | Add |
| 10 | VMC | Vulcan Materials Co | +0.2% | +908.64% | Add |
| 11 | WCN | Waste Connections INC | +0.2% | +48.66% | Add |
| 12 | AVGO | Broadcom INC | +0.2% | +21.20% | Add |
| 13 | TDG | Transdigm Group INC | +0.2% | +413.69% | Add |
| 14 | XOM | Exxon Mobil CORP | +0.1% | -4.20% | Trim |
| 15 | ABT | Abbott Laboratories | +0.1% | +67.36% | Add |
| 16 | INTU | Intuit INC | +0.1% | +222.97% | Add |
| 17 | WAT | Waters CORP | +0.1% | +615.84% | Add |
| 18 | CP | Canadian Pacific Kansas City | -0.1% | -22.61% | Trim |
| 19 | GOOG | Alphabet Inc-cl C | -0.1% | -7.71% | Trim |
| 20 | OTEX | Open Text CORP | -0.1% | -4.88% | Trim |
| 21 | LLY | Eli Lilly & Co | -0.1% | +3.35% | Add |
| 22 | KKR | Kkr & Co INC | -0.1% | +15.18% | Add |
| 23 | BNS | Bank Of Nova Scotia | -0.1% | -23.43% | Trim |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -16.56% | Trim |
| 25 | ORCL | Oracle CORP | -0.1% | -13.08% | Trim |
| 26 | MA | Mastercard INC - A | -0.1% | -20.50% | Trim |
| 27 | CMCSA | Comcast Corp-class A | -0.1% | -55.31% | Trim |
| 28 | BRO | Brown & Brown INC | -0.1% | -92.39% | Trim |
| 29 | NEE 7.234 11-01-27 | Nextera Energy INC | -0.1% | -85.98% | Trim |
| 30 | TMO | Thermo Fisher Scientific INC | -0.1% | -6.50% | Trim |
| 31 | ADBE | Adobe INC | -0.1% | -0.58% | Trim |
| 32 | FSV | Firstservice CORP | -0.1% | -31.06% | Trim |
| 33 | ELV | Elevance Health INC | -0.1% | -8.66% | Trim |
| 34 | SHOP | Shopify INC - Class A | -0.2% | +8.51% | Add |
| 35 | ADI | Analog Devices INC | -0.2% | -60.56% | Trim |
| 36 | MS | Morgan Stanley | -0.2% | -47.97% | Trim |
| 37 | TSLA | Tesla INC | -0.2% | -7.77% | Trim |
| 38 | BDX | Becton Dickinson And Co | -0.2% | -42.49% | Trim |
| 39 | GOOGL | Alphabet Inc-cl A | -0.2% | -3.58% | Trim |
| 40 | SYK | Stryker CORP | -0.2% | -46.72% | Trim |
| 41 | IVV | Ishares Core S&p 500 ETF | -0.2% | -86.13% | Trim |
| 42 | WDAY | Workday Inc-class A | -0.3% | -29.99% | Trim |
| 43 | AMZN | Amazon.com INC | -0.3% | -4.44% | Trim |
| 44 | AAPL | Apple INC | -0.3% | -9.12% | Trim |
| 45 | NVDA | Nvidia CORP | -0.3% | -8.15% | Trim |
| 46 | HO1 | Hologic INC | -0.6% | -98.78% | Trim |
| 47 | MSFT | Microsoft CORP | -0.8% | +3.26% | Add |
| 48 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 49 | NEE 7.375 02-15-29 | Nextera Energy INC | — | NEW | New buy |
| 50 | ORCL 6.5 01-15-29 D | Oracle CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-15 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-08-11 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2023-08-11 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-03 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2023-08-11 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2023-08-11 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-08-15 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-16 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-03 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-08 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-15 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-10 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-08-27 | Amendment | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-09-15 | Amendment | View on EDGAR |
| 2014-06-30 | 2014-08-28 | Amendment | View on EDGAR |
| 2014-06-30 | 2014-08-19 | Amendment | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | Amendment | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-05-01 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-11-15 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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