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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
Cap. Flow
+$575M
Cap. Flow %
3.48%
Top 10 Hldgs %
52.41%
Holding
344
New
32
Increased
153
Reduced
103
Closed
36

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$751M
2
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$324M
3
KLMN
Invesco MSCI North America Climate ETF
KLMN
+$222M
4
AAPL icon
Apple
AAPL
+$28M
5
BR icon
Broadridge
BR
+$15M

Top Sells

Rank Stock Value
1
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
+$362M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$353M
3
ASHR icon
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
+$120M
4
ORCL icon
Oracle
ORCL
+$23.1M
5
ITW icon
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
MAR icon
151
Marriott International
MAR
$91.1B
$16.5M 0.1%
53,336
-1,900
-3% -$543K
MDLZ icon
152
Mondelez International
MDLZ
$78.9B
$16.5M 0.1%
307,165
+12,000
+4% +$691K
MMM icon
153
3M
MMM
$94.4B
$16.5M 0.1%
103,015
+970
+1% +$159K
KKR icon
154
KKR & Co
KKR
$99.6B
$16.4M 0.1%
128,327
+2,600
+2% +$323K
GM icon
155
General Motors
GM
$78.4B
$16.3M 0.1%
200,403
-8,900
-4% -$627K
AON icon
156
Aon
AON
$75.6B
$16.3M 0.1%
46,100
+5,100
+12% +$1.78M
SBUX icon
157
Starbucks
SBUX
$122B
$16.1M 0.1%
190,842
– –
EOG icon
158
EOG Resources
EOG
$75.2B
$16M 0.1%
152,392
+5,600
+4% +$602K
TFC icon
159
Truist Financial
TFC
$63.9B
$16M 0.1%
324,580
+29,500
+10% +$1.36M
CVS icon
160
CVS Health
CVS
$120B
$15.8M 0.1%
199,073
-4,100
-2% -$323K
HOOD icon
161
Robinhood
HOOD
$84.9B
$15.7M 0.1%
138,900
-10,400
-7% -$1.35M
TRV icon
162
Travelers Companies
TRV
$78.3B
$15.5M 0.09%
53,447
+5,200
+11% +$1.46M
SPG icon
163
Simon Property Group
SPG
$71.2B
$15.3M 0.09%
82,849
+500
+0.6% +$90.8K
FANG icon
164
Diamondback Energy
FANG
$56.5B
$15.3M 0.09%
101,899
-6,000
-6% -$885K
DASH icon
165
DoorDash
DASH
$91.9B
$15.3M 0.09%
67,400
+7,700
+13% +$1.81M
SLB icon
166
SLB Ltd
SLB
$79.7B
$15M 0.09%
391,652
+2,400
+0.6% +$87K
CDNS icon
167
Cadence Design Systems
CDNS
$90.2B
$15M 0.09%
47,949
-300
-0.6% -$97.9K
PCAR icon
168
PACCAR
PCAR
$69.8B
$15M 0.09%
136,843
+3,100
+2% +$318K
EBND icon
169
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$15M 0.09%
700,000
– –
MELI icon
170
Mercado Libre
MELI
$98.4B
$14.9M 0.09%
7,421
+300
+4% +$630K
AJG icon
171
Arthur J. Gallagher & Co
AJG
$65B
$14.9M 0.09%
57,550
+7,300
+15% +$1.93M
APO icon
172
Apollo Global Management
APO
$80.8B
$14.8M 0.09%
102,301
+7,900
+8% +$1.05M
BR icon
173
Broadridge
BR
$19.5B
$14.7M 0.09%
+65,900
New +$15M
WMB icon
174
Williams Companies
WMB
$88.4B
$14.7M 0.09%
244,200
-4,300
-2% -$260K
EQIX icon
175
Equinix
EQIX
$102B
$14.6M 0.09%
19,053
+200
+1% +$157K
5 6
7
8 9

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PP
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ASRS
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CM
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Macquarie Group
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CI
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BBA
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EIP
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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.