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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
+3.3%
1 Year Est. Return
+24.09%
3 Year Est. Return
+78.16%
5 Year Est. Return
+98.31%
10 Year Est. Return
–
AUM
$16.5B
AUM Growth
+$945M
(+6.1%)
Cap. Flow
+$575M
Cap. Flow
% of AUM
3.48%
Top 10 Holdings %
Top 10 Hldgs %
52.41%
Holding
344
New
32
Increased
153
Reduced
103
Closed
36
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$751M |
| 2 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$324M |
| 3 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$222M |
| 4 |
Apple
AAPL
|
+$28M |
| 5 |
Broadridge
BR
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$362M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$353M |
| 3 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$120M |
| 4 |
Oracle
ORCL
|
+$23.1M |
| 5 |
Illinois Tool Works
ITW
|
+$13.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.05% |
| 2 | Financials | 8.17% |
| 3 | Communication Services | 6.6% |
| 4 | Consumer Discretionary | 5.84% |
| 5 | Healthcare | 5.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
326
Illinois Tool Works
ITW
$83.5B
| – | – |
-52,734
| Closed | -$13.8M |
|
|
327
iShares Russell 2000 ETF
IWM
$81.8B
| – | – |
-1,458,061
| Closed | -$353M |
|
328
Kenvue
KVUE
$36.6B
| – | – |
-423,166
| Closed | -$6.87M |
|
329
Realty Income
O
$58.6B
| – | – |
-225,818
| Closed | -$13.7M |
|
330
On Holding
ONON
$10.3B
| – | – |
-65,000
| Closed | -$2.75M |
|
331
Paychex
PAYX
$43.1B
| – | – |
-68,453
| Closed | -$8.68M |
|
332
Pembina Pipeline
PBA
$28.3B
| – | – |
-309,779
| Closed | -$12.5M |
|
333
Public Service Enterprise Group
PEG
$37.5B
| – | – |
-128,337
| Closed | -$10.7M |
|
334
Public Storage
PSA
$60.7B
| – | – |
-33,098
| Closed | -$9.56M |
|
335
Roper Technologies
ROP
$39.5B
| – | – |
-21,734
| Closed | -$10.8M |
|
336
Ross Stores
ROST
$80.8B
| – | – |
-64,627
| Closed | -$9.85M |
|
337
Sun Life Financial
SLF
$44.6B
| – | – |
-183,564
| Closed | -$11M |
|
338
StoneCo
STNE
$2.42B
| – | – |
-120,000
| Closed | -$2.27M |
|
339
VICI Properties
VICI
$28.6B
| – | – |
-313,688
| Closed | -$10.2M |
|
340
Wabtec
WAB
$50.3B
| – | – |
-47,924
| Closed | -$9.61M |
|
341
Weyerhaeuser
WY
$18B
| – | – |
-340,542
| Closed | -$8.44M |
|
342
Zoetis
ZTS
$31.1B
| – | – |
-72,358
| Closed | -$10.6M |
|
|
WRD
343
WeRide Inc
WRD
$2.08B
| – | – |
-680,000
| Closed | -$6.73M |
|
|
MRP
344
Millrose Properties Inc
MRP
$4.94B
| – | – |
-7,957
| Closed | -$267K |
|
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Varma Mutual Pension Insurance Co's Q4 2025 Portfolio in Review
As of Q4 2025, Varma Mutual Pension Insurance Co held 344 positions worth $16.5B, up 6.1% from $15.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Varma Mutual Pension Insurance Co deployed $575M of net new capital in Q4 2025, opening 32 new positions and adding to 153 existing holdings. Its largest new stake was Vanguard S&P 500 ETF: 1,207,700 shares worth $757M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Xtrackers MSCI Emerging Markets Select ETF, an estimated $362M trimmed.
- Varma Mutual Pension Insurance Co's largest Q4 2025 buy was Vanguard S&P 500 ETF: 1,207,700 shares worth $757M.
- Varma Mutual Pension Insurance Co added most to Invesco MSCI North America Climate ETF in Q4 2025, an estimated $222M increase.
- Varma Mutual Pension Insurance Co's biggest Q4 2025 reduction was Xtrackers MSCI Emerging Markets Select ETF, cutting an estimated $362M.
- Varma Mutual Pension Insurance Co fully exited iShares Russell 2000 ETF in Q4 2025, selling an estimated $353M.
- Varma Mutual Pension Insurance Co's ten largest holdings make up 52% of its $16.5B portfolio in Q4 2025.
- Varma Mutual Pension Insurance Co opened 32 new positions and closed 36 in Q4 2025.
- Varma Mutual Pension Insurance Co's portfolio value rose 6.1% quarter-over-quarter to $16.5B.
Based on Varma Mutual Pension Insurance Co's 13F filing for Q4 2025, filed 2 Feb 2026.