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VMPIC
Varma Mutual Pension Insurance Co Portfolio holdings
AUM
$18.9B
1-Year Est. Return
32.24%
This Fund
S&P 500
This Quarter
Est. Return
-2.5%
1 Year Est. Return
+32.24%
3 Year Est. Return
+97.16%
5 Year Est. Return
+121.34%
10 Year Est. Return
–
AUM
$17.1B
AUM Growth
+$515M
(+3.1%)
Cap. Flow
+$1.23B
Cap. Flow
% of AUM
7.22%
Top 10 Holdings %
Top 10 Hldgs %
50.82%
Holding
323
New
15
Increased
47
Reduced
46
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$1.8B |
| 2 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$755M |
| 3 |
KraneShares CSI China Internet ETF
KWEB
|
+$291M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$243M |
| 5 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$114M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$1.1B |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$757M |
| 3 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$327M |
| 4 |
iShares Fallen Angels USD Bond ETF
FALN
|
+$54.6M |
| 5 |
NVIDIA
NVDA
|
+$19.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.44% |
| 2 | Financials | 7.1% |
| 3 | Communication Services | 5.9% |
| 4 | Consumer Discretionary | 5.24% |
| 5 | Healthcare | 4.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Cencora
COR
$59.2B
| $14M | 0.08% |
44,425
+4,000
| +10% | +$1.4M |
|
202
Digital Realty Trust
DLR
$73.1B
| $13.9M | 0.08% |
76,883
| – | – |
|
203
Republic Services
RSG
$65.9B
| $13.8M | 0.08% |
63,178
-4,000
| -6% | -$877K |
|
204
Manulife Financial
MFC
$72.9B
| $13.7M | 0.08% |
400,339
| – | – |
|
205
Norfolk Southern
NSC
$75.9B
| $13.7M | 0.08% |
47,630
| – | – |
|
206
Aflac
AFL
$60.7B
| $13.6M | 0.08% |
124,191
| – | – |
|
207
CVS Health
CVS
$121B
| $13.6M | 0.08% |
189,073
-10,000
| -5% | -$770K |
|
208
TC Energy
TRP
$65.8B
| $13.4M | 0.08% |
215,100
| – | – |
|
209
Cadence Design Systems
CDNS
$89.2B
| $13.3M | 0.08% |
47,949
| – | – |
|
210
Marvell Technology
MRVL
$199B
| $13.2M | 0.08% |
133,588
-25,000
| -16% | -$2.1M |
|
211
Ventas
VTR
$46.3B
| $13.2M | 0.08% |
160,968
| – | – |
|
212
Cigna
CI
$73.5B
| $12.9M | 0.08% |
48,542
+6,000
| +14% | +$1.66M |
|
213
Mercado Libre
MELI
$92.7B
| $12.8M | 0.08% |
7,421
| – | – |
|
214
Cameco
CCJ
$42.6B
| $12.8M | 0.07% |
117,800
| – | – |
|
215
Equity Residential
EQR
$24.7B
| $12.7M | 0.07% |
215,400
| – | – |
|
216
Allstate
ALL
$65.9B
| $12.7M | 0.07% |
61,200
| – | – |
|
217
AvalonBay Communities
AVB
$26.3B
| $12.6M | 0.07% |
77,161
| – | – |
|
218
Ingersoll Rand
IR
$32.7B
| $12.5M | 0.07% |
156,517
| – | – |
|
219
Motorola Solutions
MSI
$77B
| $12.5M | 0.07% |
28,801
-4,000
| -12% | -$1.73M |
|
220
Arthur J. Gallagher & Co
AJG
$65B
| $12.5M | 0.07% |
57,550
| – | – |
|
221
Target
TGT
$70.6B
| $12.2M | 0.07% |
100,480
| – | – |
|
222
Cloudflare
NET
$118B
| $12.1M | 0.07% |
58,480
| – | – |
|
|
FISV
223
Fiserv Inc
FISV
$29.5B
| $12.1M | 0.07% |
216,131
| – | – |
|
224
Elevance Health
ELV
$86.4B
| $12M | 0.07% |
40,882
+1,000
| +3% | +$329K |
|
225
DuPont de Nemours
DD
$19.5B
| $11.9M | 0.07% |
86,880
| – | – |
|
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Varma Mutual Pension Insurance Co's Q1 2026 Portfolio in Review
As of Q1 2026, Varma Mutual Pension Insurance Co held 323 positions worth $17.1B, up 3.1% from $16.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Varma Mutual Pension Insurance Co deployed $1.23B of net new capital in Q1 2026, opening 15 new positions and adding to 47 existing holdings. Its largest new stake was iShares Expanded Tech-Software Sector ETF: 20,358,901 shares worth $1.63B.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 21% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Invesco MSCI North America Climate ETF, an estimated $1.1B trimmed.
- Varma Mutual Pension Insurance Co's largest Q1 2026 buy was iShares Expanded Tech-Software Sector ETF: 20,358,901 shares worth $1.63B.
- Varma Mutual Pension Insurance Co added most to Xtrackers MSCI Emerging Markets Select ETF in Q1 2026, an estimated $114M increase.
- Varma Mutual Pension Insurance Co's biggest Q1 2026 reduction was Invesco MSCI North America Climate ETF, cutting an estimated $1.1B.
- Varma Mutual Pension Insurance Co fully exited Vanguard S&P 500 ETF in Q1 2026, selling an estimated $757M.
- Varma Mutual Pension Insurance Co's ten largest holdings make up 51% of its $17.1B portfolio in Q1 2026.
- Varma Mutual Pension Insurance Co opened 15 new positions and closed 4 in Q1 2026.
- Varma Mutual Pension Insurance Co's portfolio value rose 3.1% quarter-over-quarter to $17.1B.
Based on Varma Mutual Pension Insurance Co's 13F filing for Q1 2026, filed 5 May 2026.