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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
(+6.1%)
Cap. Flow
+$575M
Cap. Flow
% of AUM
3.48%
Top 10 Holdings %
Top 10 Hldgs %
52.41%
Holding
344
New
32
Increased
153
Reduced
103
Closed
36
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$751M |
| 2 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$324M |
| 3 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$222M |
| 4 |
Apple
AAPL
|
+$28M |
| 5 |
Broadridge
BR
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$362M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$353M |
| 3 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$120M |
| 4 |
Oracle
ORCL
|
+$23.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
176
Manulife Financial
MFC
$72.7B
| $14.6M | 0.09% |
400,339
-14,200
| -3% | -$482K |
|
177
Ametek
AME
$58.8B
| $14.6M | 0.09% |
70,875
+10,180
| +17% | +$1.98M |
|
|
FISV
178
Fiserv Inc
FISV
$28B
| $14.5M | 0.09% |
216,131
+94,400
| +78% | +$7.9M |
|
179
Franco-Nevada
FNV
$46.4B
| $14.2M | 0.09% |
+68,600
| New | +$13.9M |
|
180
Republic Services
RSG
$65.9B
| $14.2M | 0.09% |
67,178
+13,700
| +26% | +$2.95M |
|
181
Nike
NKE
$61.3B
| $14.2M | 0.09% |
222,995
-18,800
| -8% | -$1.23M |
|
182
Autodesk
ADSK
$53.1B
| $14.2M | 0.09% |
47,895
-200
| -0.4% | -$60.5K |
|
183
Sherwin-Williams
SHW
$88.5B
| $14.2M | 0.09% |
43,693
+1,900
| +5% | +$636K |
|
184
General Mills
GIS
$20.2B
| $14.1M | 0.09% |
303,272
+64,800
| +27% | +$3.08M |
|
185
CSX Corp
CSX
$92.5B
| $14.1M | 0.09% |
388,464
-98,700
| -20% | -$3.53M |
|
186
AvalonBay Communities
AVB
$26B
| $14M | 0.08% |
77,161
+15,000
| +24% | +$2.72M |
|
|
AXON
187
Axon Enterprise
AXON
$51.7B
| $14M | 0.08% |
24,630
+10,130
| +70% | +$6.29M |
|
188
Elevance Health
ELV
$84.7B
| $14M | 0.08% |
39,882
-5,900
| -13% | -$1.99M |
|
189
O'Reilly Automotive
ORLY
$74.9B
| $13.9M | 0.08% |
152,720
+5,800
| +4% | +$567K |
|
190
Consolidated Edison
ED
$39.8B
| $13.9M | 0.08% |
139,915
+16,700
| +14% | +$1.66M |
|
191
CRH
CRH
$67.4B
| $13.8M | 0.08% |
110,900
-6,900
| -6% | -$822K |
|
192
PPG Industries
PPG
$25.8B
| $13.8M | 0.08% |
134,286
+11,100
| +9% | +$1.11M |
|
193
Norfolk Southern
NSC
$75.2B
| $13.8M | 0.08% |
47,630
+220
| +0.5% | +$63.6K |
|
194
Sempra
SRE
$55.9B
| $13.7M | 0.08% |
155,500
-5,300
| -3% | -$483K |
|
195
Aflac
AFL
$60.7B
| $13.7M | 0.08% |
124,191
+12,000
| +11% | +$1.32M |
|
196
Cencora
COR
$63.7B
| $13.7M | 0.08% |
40,425
-1,700
| -4% | -$580K |
|
197
Regency Centers
REG
$13.9B
| $13.6M | 0.08% |
197,737
+42,500
| +27% | +$2.98M |
|
198
Equity Residential
EQR
$24.4B
| $13.6M | 0.08% |
215,400
+61,500
| +40% | +$3.77M |
|
199
Verisk Analytics
VRSK
$23.6B
| $13.5M | 0.08% |
+60,300
| New | +$13.6M |
|
200
Marvell Technology
MRVL
$191B
| $13.5M | 0.08% |
158,588
+32,130
| +25% | +$2.81M |
|
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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.