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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
+8.99%
1 Year Est. Return
+24.09%
3 Year Est. Return
+78.16%
5 Year Est. Return
+98.31%
10 Year Est. Return
–
AUM
$15.6B
AUM Growth
+$2.02B
(+15%)
Cap. Flow
+$948M
Cap. Flow
% of AUM
6.08%
Top 10 Holdings %
Top 10 Hldgs %
52.08%
Holding
316
New
7
Increased
266
Reduced
18
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$302M |
| 2 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$125M |
| 3 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$109M |
| 4 |
Microsoft
MSFT
|
+$58.1M |
| 5 |
NVIDIA
NVDA
|
+$45.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$370M |
| 2 |
iShares MSCI India ETF
INDA
|
+$23.7M |
| 3 |
KraneShares MSCI All China Health Care Index ETF
KURE
|
+$22.9M |
| 4 |
Autoliv
ALV
|
+$12.9M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.5% |
| 2 | Financials | 8.34% |
| 3 | Consumer Discretionary | 6.31% |
| 4 | Communication Services | 6.23% |
| 5 | Healthcare | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Nu Holdings
NU
$65.9B
| $6.15M | 0.04% |
383,900
| – | – |
|
302
Conagra Brands
CAG
$7.14B
| $5.95M | 0.04% |
325,200
-83,100
| -20% | -$1.59M |
|
303
Aurora
AUR
$13.6B
| $4.69M | 0.03% |
+870,000
| New | +$5.1M |
|
304
Pinduoduo
PDD
$129B
| $4.49M | 0.03% |
34,000
| – | – |
|
305
Ferrari
RACE
$72.1B
| $3.83M | 0.02% |
7,900
| – | – |
|
306
Burlington
BURL
$22.6B
| $3.82M | 0.02% |
+15,000
| New | +$4.07M |
|
307
HEICO Corp Class A
HEI.A
$37B
| $3.24M | 0.02% |
12,750
| – | – |
|
308
argenx
ARGX
$54.1B
| $2.95M | 0.02% |
4,000
+1,000
| +33% | +$659K |
|
309
On Holding
ONON
$10.3B
| $2.75M | 0.02% |
+65,000
| New | +$3.09M |
|
310
StoneCo
STNE
$2.42B
| $2.27M | 0.01% |
+120,000
| New | +$1.91M |
|
311
DexCom
DXCM
$33.8B
| $673K | ﹤0.01% |
10,000
| – | – |
|
|
MRP
312
Millrose Properties Inc
MRP
$4.94B
| $267K | ﹤0.01% |
7,957
| – | – |
|
|
313
Autoliv
ALV
$8.96B
| – | – |
-115,237
| Closed | -$12.9M |
|
314
FTAI Aviation
FTAI
$23.2B
| – | – |
-81,000
| Closed | -$9.32M |
|
|
HES
315
DELISTED
Hess
HES
| – | – |
-82,738
| Closed | -$11.5M |
|
|
316
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| – | – |
-19,000
| Closed | -$11.7M |
|
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Varma Mutual Pension Insurance Co's Q3 2025 Portfolio in Review
As of Q3 2025, Varma Mutual Pension Insurance Co held 316 positions worth $15.6B, up 15% from $13.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Varma Mutual Pension Insurance Co deployed $948M of net new capital in Q3 2025, opening 7 new positions and adding to 266 existing holdings. Its largest new stake was Xtrackers Harvest CSI 300 China A-Shares ETF: 3,641,000 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Invesco MSCI North America Climate ETF, an estimated $370M trimmed.
- Varma Mutual Pension Insurance Co's largest Q3 2025 buy was Xtrackers Harvest CSI 300 China A-Shares ETF: 3,641,000 shares worth $120M.
- Varma Mutual Pension Insurance Co added most to iShares Russell 2000 ETF in Q3 2025, an estimated $302M increase.
- Varma Mutual Pension Insurance Co's biggest Q3 2025 reduction was Invesco MSCI North America Climate ETF, cutting an estimated $370M.
- Varma Mutual Pension Insurance Co fully exited Autoliv in Q3 2025, selling an estimated $12.9M.
- Varma Mutual Pension Insurance Co's ten largest holdings make up 52% of its $15.6B portfolio in Q3 2025.
- Varma Mutual Pension Insurance Co opened 7 new positions and closed 4 in Q3 2025.
- Varma Mutual Pension Insurance Co's portfolio value rose 15% quarter-over-quarter to $15.6B.
Based on Varma Mutual Pension Insurance Co's 13F filing for Q3 2025, filed 6 Nov 2025.