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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 | |
|---|---|---|---|---|---|---|
176
Carrier Global
CARR
$52.1B
| $12.4M | 0.09% |
170,009
+3,700
| +2% | +$251K |
|
177
McKesson
MCK
$105B
| $12.4M | 0.09% |
16,953
-8,300
| -33% | -$5.86M |
|
178
Sempra
SRE
$55.5B
| $12.4M | 0.09% |
+163,300
| New | +$12.1M |
|
179
Cigna
CI
$72.1B
| $12.3M | 0.09% |
37,342
-3,300
| -8% | -$1.06M |
|
180
Roper Technologies
ROP
$39.5B
| $12.3M | 0.09% |
21,734
| – | – |
|
181
Spotify
SPOT
$103B
| $12.3M | 0.09% |
+16,000
| New | +$10.3M |
|
182
Snowflake
SNOW
$115B
| $12.3M | 0.09% |
54,746
-7,000
| -11% | -$1.27M |
|
183
Simon Property Group
SPG
$72.1B
| $12.2M | 0.09% |
75,849
+500
| +0.7% | +$79K |
|
184
O'Reilly Automotive
ORLY
$75.1B
| $12.2M | 0.09% |
135,120
-1,500
| -1% | -$137K |
|
185
Manulife Financial
MFC
$73.2B
| $12.2M | 0.09% |
381,339
-700
| -0.2% | -$21.6K |
|
186
SLB Ltd
SLB
$79.3B
| $12.1M | 0.09% |
358,452
+65,000
| +22% | +$2.25M |
|
187
Republic Services
RSG
$66.2B
| $12.1M | 0.09% |
49,078
-2,400
| -5% | -$593K |
|
188
Rogers Communications
RCI
$19.1B
| $12M | 0.09% |
+406,500
| New | +$10.7M |
|
189
Realty Income
O
$58.8B
| $12M | 0.09% |
207,918
+13,800
| +7% | +$780K |
|
190
Illinois Tool Works
ITW
$83.7B
| $12M | 0.09% |
48,334
+500
| +1% | +$121K |
|
191
PayPal
PYPL
$50.4B
| $11.9M | 0.09% |
160,629
+4,400
| +3% | +$301K |
|
192
Ingersoll Rand
IR
$33B
| $11.8M | 0.09% |
142,164
+42,500
| +43% | +$3.35M |
|
193
Cencora
COR
$63.3B
| $11.8M | 0.09% |
39,425
-3,500
| -8% | -$1.01M |
|
194
Thomson Reuters
TRI
$45.5B
| $11.8M | 0.09% |
57,945
-3,151
| -5% | -$600K |
|
195
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $11.7M | 0.09% |
+19,000
| New | +$10.9M |
|
196
Applovin
APP
$107B
| $11.7M | 0.09% |
33,500
+1,900
| +6% | +$616K |
|
197
Cummins
CMI
$87.2B
| $11.7M | 0.09% |
35,620
+1,600
| +5% | +$495K |
|
198
AvalonBay Communities
AVB
$26.2B
| $11.7M | 0.09% |
57,261
+4,800
| +9% | +$982K |
|
199
US Bancorp
USB
$100B
| $11.6M | 0.09% |
255,520
-8,000
| -3% | -$336K |
|
200
PACCAR
PCAR
$69.6B
| $11.5M | 0.08% |
121,283
+3,200
| +3% | +$296K |
|
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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.