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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 | |
|---|---|---|---|---|---|---|
101
Amphenol
APH
$207B
| $19.1M | 0.14% |
193,139
-34,800
| -15% | -$2.85M |
|
102
CrowdStrike
CRWD
$229B
| $18.6M | 0.14% |
146,060
-5,200
| -3% | -$564K |
|
103
Union Pacific
UNP
$174B
| $18.6M | 0.14% |
80,749
-14,952
| -16% | -$3.32M |
|
104
Danaher
DHR
$147B
| $18.6M | 0.14% |
93,926
+4,000
| +4% | +$776K |
|
|
105
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $18.5M | 0.14% |
200,000
-500,000
| -71% | -$45M |
|
106
Enbridge
ENB
$112B
| $18.5M | 0.14% |
408,961
-4,700
| -1% | -$213K |
|
107
Mondelez International
MDLZ
$78.5B
| $18.3M | 0.13% |
271,065
+8,100
| +3% | +$540K |
|
108
T-Mobile US
TMUS
$191B
| $18.2M | 0.13% |
76,217
-10,500
| -12% | -$2.56M |
|
109
Medtronic
MDT
$114B
| $18M | 0.13% |
206,051
+15,000
| +8% | +$1.27M |
|
110
American Tower
AMT
$78.8B
| $17.9M | 0.13% |
80,806
-67,042
| -45% | -$14.5M |
|
111
Trane Technologies
TT
$105B
| $17.6M | 0.13% |
40,211
-1,300
| -3% | -$513K |
|
112
Parker-Hannifin
PH
$134B
| $17.3M | 0.13% |
24,837
+900
| +4% | +$569K |
|
113
Lowe's Companies
LOW
$123B
| $17.3M | 0.13% |
77,963
-600
| -0.8% | -$134K |
|
114
Prologis
PLD
$132B
| $17.3M | 0.13% |
164,446
-5,500
| -3% | -$577K |
|
115
Agnico Eagle Mines
AEM
$91.4B
| $17.3M | 0.13% |
145,252
+15,000
| +12% | +$1.74M |
|
|
FISV
116
Fiserv Inc
FISV
$27.8B
| $17.2M | 0.13% |
99,731
+10,300
| +12% | +$1.87M |
|
117
Arista Networks
ANET
$242B
| $17.2M | 0.13% |
167,700
+900
| +0.5% | +$77.9K |
|
118
Wheaton Precious Metals
WPM
$60.6B
| $17.1M | 0.13% |
191,058
+9,600
| +5% | +$808K |
|
119
Mercado Libre
MELI
$92.5B
| $17M | 0.13% |
6,521
-300
| -4% | -$701K |
|
120
Chubb
CB
$134B
| $17M | 0.13% |
58,821
+800
| +1% | +$230K |
|
121
Blackstone
BX
$113B
| $17M | 0.13% |
113,600
+1,500
| +1% | +$206K |
|
122
TransDigm Group
TDG
$67.6B
| $16.8M | 0.12% |
11,020
-100
| -0.9% | -$140K |
|
123
Brookfield
BN
$109B
| $16.6M | 0.12% |
402,170
+6,900
| +2% | +$256K |
|
124
Waste Management
WM
$90.6B
| $16.4M | 0.12% |
71,650
-1,300
| -2% | -$302K |
|
125
CME Group
CME
$94.8B
| $16.3M | 0.12% |
59,196
-2,200
| -4% | -$598K |
|
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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.