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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
Cap. Flow
+$948M
Cap. Flow %
6.08%
Top 10 Hldgs %
52.08%
Holding
316
New
7
Increased
266
Reduced
18
Closed
4

Top Buys

Rank Stock Value
1
IWM icon
iShares Russell 2000 ETF
IWM
+$302M
2
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
+$125M
3
ASHR icon
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
+$109M
4
MSFT icon
Microsoft
MSFT
+$58.1M
5
NVDA icon
NVIDIA
NVDA
+$45.7M

Top Sells

Rank Stock Value
1
KLMN
Invesco MSCI North America Climate ETF
KLMN
+$370M
2
INDA icon
iShares MSCI India ETF
INDA
+$23.7M
3
KURE icon
KraneShares MSCI All China Health Care Index ETF
KURE
+$22.9M
4
ALV icon
Autoliv
ALV
+$12.9M
5
SPY icon
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
NOW icon
51
ServiceNow
NOW
$132B
$36.8M 0.24%
199,915
+46,000
+30% +$8.59M
PEP icon
52
PepsiCo
PEP
$189B
$36.4M 0.23%
258,857
+22,700
+10% +$3.24M
MCD icon
53
McDonald's
MCD
$194B
$35.2M 0.23%
115,866
+9,400
+9% +$2.86M
RY icon
54
Royal Bank of Canada
RY
$292B
$35.1M 0.22%
237,929
+19,000
+9% +$2.62M
C icon
55
Citigroup
C
$228B
$34.7M 0.22%
341,876
+61,500
+22% +$5.84M
LRCX icon
56
Lam Research
LRCX
$390B
$34.7M 0.22%
258,830
+20,800
+9% +$2.2M
MS icon
57
Morgan Stanley
MS
$338B
$33.9M 0.22%
213,512
+38,400
+22% +$5.67M
MRK icon
58
Merck
MRK
$322B
$33.8M 0.22%
402,774
+33,100
+9% +$2.73M
T icon
59
AT&T
T
$168B
$33.8M 0.22%
1,196,460
+97,200
+9% +$2.76M
DIS icon
60
Walt Disney
DIS
$179B
$32.6M 0.21%
284,894
+23,100
+9% +$2.72M
AMAT icon
61
Applied Materials
AMAT
$417B
$32.6M 0.21%
159,182
+12,700
+9% +$2.3M
TMO icon
62
Thermo Fisher Scientific
TMO
$224B
$32M 0.21%
65,917
+5,200
+9% +$2.42M
KURE icon
63
KraneShares MSCI All China Health Care Index ETF
KURE
$108M
$31.8M 0.2%
1,520,129
-1,162,000
-43% -$22.9M
INDA icon
64
iShares MSCI India ETF
INDA
$6.6B
$31.6M 0.2%
607,910
-443,730
-42% -$23.7M
QCOM icon
65
Qualcomm
QCOM
$171B
$31.3M 0.2%
187,971
+15,100
+9% +$2.4M
SPGI icon
66
S&P Global
SPGI
$120B
$30.9M 0.2%
63,407
+11,400
+22% +$6.1M
INTU icon
67
Intuit
INTU
$92B
$30.8M 0.2%
45,058
+3,600
+9% +$2.6M
BLK icon
68
Blackrock
BLK
$178B
$30.3M 0.19%
26,012
+4,700
+22% +$5.25M
VZ icon
69
Verizon
VZ
$196B
$30.3M 0.19%
689,809
+56,000
+9% +$2.42M
MU icon
70
Micron Technology
MU
$981B
$30.1M 0.19%
179,971
+14,500
+9% +$1.86M
AMD icon
71
Advanced Micro Devices
AMD
$774B
$29.8M 0.19%
184,117
-54,200
-23% -$8.75M
UBER icon
72
Uber
UBER
$160B
$29.2M 0.19%
297,892
+36,100
+14% +$3.38M
SHOP icon
73
Shopify
SHOP
$196B
$29.1M 0.19%
195,858
+15,700
+9% +$2.13M
BKNG icon
74
Booking.com
BKNG
$160B
$28.7M 0.18%
133,100
+10,000
+8% +$2.23M
ETN icon
75
Eaton
ETN
$178B
$28.6M 0.18%
76,325
+9,400
+14% +$3.42M
1 2
3
4 5

Similar funds

BCIM
British Columbia Investment Management Victoria, British Columbia, Canada $17B AUM 31.69% 1-Year Est. Return
PP
Prudential plc London, England, United Kingdom $17.1B AUM 15.7% 1-Year Est. Return
ASRS
Arizona State Retirement System Phoenix, Arizona $17.1B AUM 30.52% 1-Year Est. Return
CM
Caption Management Oklahoma City, Oklahoma $17.1B AUM 70.99% 1-Year Est. Return
Macquarie Group
Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $16.6B AUM 68.34% 1-Year Est. Return
BBA
Baker Bros. Advisors New York $17.4B AUM 131.5% 1-Year Est. Return
EIP
Epoch Investment Partners New York $16.5B AUM 24.3% 1-Year Est. Return

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.