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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 | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$301B
| $31.7M | 0.23% |
44,800
-2,700
| -6% | -$1.56M |
|
52
ServiceNow
NOW
$130B
| $31.6M | 0.23% |
153,915
-3,500
| -2% | -$660K |
|
53
PepsiCo
PEP
$188B
| $31.2M | 0.23% |
236,157
+22,700
| +11% | +$3.06M |
|
54
McDonald's
MCD
$193B
| $31.1M | 0.23% |
106,466
-3,100
| -3% | -$956K |
|
55
iShares Russell 2000 ETF
IWM
$81.9B
| $30.6M | 0.23% |
+141,987
| New | +$28.6M |
|
56
American Express
AXP
$230B
| $29.7M | 0.22% |
93,135
+9,700
| +12% | +$2.73M |
|
|
57
Alphabet (Google) Class C
GOOG
$4.26T
| $29.4M | 0.22% |
165,950
-5,850
| -3% | -$967K |
|
58
Merck
MRK
$321B
| $29.3M | 0.22% |
369,674
-12,400
| -3% | -$986K |
|
59
Intuitive Surgical
ISRG
$141B
| $29M | 0.21% |
53,453
+1,200
| +2% | +$627K |
|
60
Boston Scientific
BSX
$74.3B
| $28.8M | 0.21% |
268,181
-10,900
| -4% | -$1.1M |
|
61
Royal Bank of Canada
RY
$294B
| $28.8M | 0.21% |
218,929
-3,600
| -2% | -$440K |
|
62
Booking.com
BKNG
$160B
| $28.5M | 0.21% |
123,100
-2,500
| -2% | -$512K |
|
63
Accenture
ACN
$110B
| $28M | 0.21% |
93,586
+13,700
| +17% | +$4.17M |
|
64
Qualcomm
QCOM
$171B
| $27.5M | 0.2% |
172,871
+7,600
| +5% | +$1.12M |
|
65
Verizon
VZ
$197B
| $27.4M | 0.2% |
633,809
+135,400
| +27% | +$5.86M |
|
66
S&P Global
SPGI
$121B
| $27.4M | 0.2% |
52,007
-2,500
| -5% | -$1.25M |
|
67
Texas Instruments
TXN
$258B
| $27.4M | 0.2% |
131,741
+21,000
| +19% | +$3.73M |
|
68
Caterpillar
CAT
$390B
| $26.9M | 0.2% |
69,356
-11,200
| -14% | -$3.73M |
|
69
Applied Materials
AMAT
$418B
| $26.8M | 0.2% |
146,482
+18,600
| +15% | +$2.95M |
|
70
Morgan Stanley
MS
$338B
| $24.7M | 0.18% |
175,112
-8,900
| -5% | -$1.09M |
|
71
Thermo Fisher Scientific
TMO
$222B
| $24.6M | 0.18% |
60,717
-400
| -0.7% | -$167K |
|
72
Uber
UBER
$159B
| $24.4M | 0.18% |
261,792
-13,800
| -5% | -$1.14M |
|
73
Adobe
ADBE
$105B
| $23.9M | 0.18% |
61,826
+10,500
| +20% | +$4.05M |
|
74
Eaton
ETN
$178B
| $23.9M | 0.18% |
66,925
+2,000
| +3% | +$616K |
|
75
Citigroup
C
$228B
| $23.9M | 0.18% |
280,376
-18,600
| -6% | -$1.34M |
|
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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.