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VMPIC
Varma Mutual Pension Insurance Co Portfolio holdings
AUM
$17B
1-Year Est. Return
24.09%
This Fund
S&P 500
This Quarter
Est. Return
+13%
1 Year Est. Return
+24.09%
3 Year Est. Return
+78.16%
5 Year Est. Return
+98.31%
10 Year Est. Return
–
AUM
$13.6B
AUM Growth
+$1.94B
(+17%)
Cap. Flow
+$644M
Cap. Flow
% of AUM
4.75%
Top 10 Holdings %
Top 10 Hldgs %
54.37%
Holding
337
New
19
Increased
160
Reduced
116
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$521M |
| 2 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$376M |
| 3 |
Amazon
AMZN
|
+$59.3M |
| 4 |
iShares MSCI India ETF
INDA
|
+$56.2M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$36.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$221M |
| 2 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$105M |
| 3 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$52.9M |
| 4 |
Vanguard Emerging Markets Government Bond ETF
VWOB
|
+$51M |
| 5 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.34% |
| 2 | Financials | 7.69% |
| 3 | Consumer Discretionary | 6.15% |
| 4 | Communication Services | 5.81% |
| 5 | Healthcare | 4.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Carvana
CVNA
$79.2B
| $6.52M | 0.05% |
96,800
+1,500
| +2% | +$82.3K |
|
302
eBay
EBAY
$47.2B
| $6.4M | 0.05% |
+85,900
| New | +$6.09M |
|
303
Nu Holdings
NU
$65.9B
| $5.27M | 0.04% |
383,900
+18,800
| +5% | +$225K |
|
304
Ferrari
RACE
$72.1B
| $3.88M | 0.03% |
7,900
-600
| -7% | -$279K |
|
305
Pinduoduo
PDD
$129B
| $3.56M | 0.03% |
34,000
-37,300
| -52% | -$3.91M |
|
306
HEICO Corp Class A
HEI.A
$37B
| $3.3M | 0.02% |
12,750
| – | – |
|
307
argenx
ARGX
$54.1B
| $1.65M | 0.01% |
3,000
+1,500
| +100% | +$871K |
|
308
DexCom
DXCM
$33.8B
| $873K | 0.01% |
+10,000
| New | +$784K |
|
|
MRP
309
Millrose Properties Inc
MRP
$4.94B
| $227K | ﹤0.01% |
7,957
-10,000
| -56% | -$264K |
|
|
310
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.58B
| – | – |
-1,990,078
| Closed | -$52.9M |
|
311
Alibaba
BABA
$306B
| – | – |
-210,400
| Closed | -$27.8M |
|
312
BioMarin Pharmaceuticals
BMRN
$13.5B
| – | – |
-30,000
| Closed | -$2.12M |
|
|
DFS
313
DELISTED
Discover Financial Services
DFS
| – | – |
-53,421
| Closed | -$9.12M |
|
314
D.R. Horton
DHI
$42.2B
| – | – |
-50,946
| Closed | -$6.48M |
|
315
Healthpeak Properties
DOC
$14.1B
| – | – |
-389,350
| Closed | -$7.87M |
|
316
Edison International
EIX
$26.9B
| – | – |
-107,847
| Closed | -$6.35M |
|
317
Eversource Energy
ES
$26.8B
| – | – |
-127,963
| Closed | -$7.95M |
|
318
Ferguson
FERG
$48.8B
| – | – |
-39,301
| Closed | -$6.3M |
|
|
GRMN
319
Garmin
GRMN
$59.7B
| – | – |
-39,100
| Closed | -$8.49M |
|
320
Halliburton
HAL
$28.2B
| – | – |
-330,503
| Closed | -$8.38M |
|
321
Host Hotels & Resorts
HST
$15.3B
| – | – |
-462,000
| Closed | -$6.57M |
|
322
Hershey
HSY
$36.6B
| – | – |
-50,726
| Closed | -$8.68M |
|
|
323
iShares Expanded Tech-Software Sector ETF
IGV
$14.9B
| – | – |
-2,482,227
| Closed | -$221M |
|
|
IPG
324
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-277,500
| Closed | -$7.54M |
|
325
JD.com
JD
$43.1B
| – | – |
-241,300
| Closed | -$9.92M |
|
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Varma Mutual Pension Insurance Co's Q2 2025 Portfolio in Review
As of Q2 2025, Varma Mutual Pension Insurance Co held 337 positions worth $13.6B, up 17% from $11.6B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Varma Mutual Pension Insurance Co deployed $644M of net new capital in Q2 2025, opening 19 new positions and adding to 160 existing holdings. Its largest new stake was iShares MSCI India ETF: 1,051,640 shares worth $58.6M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard Emerging Markets Government Bond ETF, an estimated $51M trimmed.
- Varma Mutual Pension Insurance Co's largest Q2 2025 buy was iShares MSCI India ETF: 1,051,640 shares worth $58.6M.
- Varma Mutual Pension Insurance Co added most to Xtrackers MSCI Emerging Markets Select ETF in Q2 2025, an estimated $521M increase.
- Varma Mutual Pension Insurance Co's biggest Q2 2025 reduction was Vanguard Emerging Markets Government Bond ETF, cutting an estimated $51M.
- Varma Mutual Pension Insurance Co fully exited iShares Expanded Tech-Software Sector ETF in Q2 2025, selling an estimated $221M.
- Varma Mutual Pension Insurance Co's ten largest holdings make up 54% of its $13.6B portfolio in Q2 2025.
- Varma Mutual Pension Insurance Co opened 19 new positions and closed 28 in Q2 2025.
- Varma Mutual Pension Insurance Co's portfolio value rose 17% quarter-over-quarter to $13.6B.
Based on Varma Mutual Pension Insurance Co's 13F filing for Q2 2025, filed 7 Aug 2025.