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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
+8.99%
1 Year Est. Return
+24.09%
3 Year Est. Return
+78.16%
5 Year Est. Return
+98.31%
10 Year Est. Return
–
AUM
$15.6B
AUM Growth
+$2.02B
(+15%)
Cap. Flow
+$948M
Cap. Flow
% of AUM
6.08%
Top 10 Holdings %
Top 10 Hldgs %
52.08%
Holding
316
New
7
Increased
266
Reduced
18
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$302M |
| 2 |
EMCS
Xtrackers MSCI Emerging Markets Select ETF
EMCS
|
+$125M |
| 3 |
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
|
+$109M |
| 4 |
Microsoft
MSFT
|
+$58.1M |
| 5 |
NVIDIA
NVDA
|
+$45.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLMN
Invesco MSCI North America Climate ETF
KLMN
|
+$370M |
| 2 |
iShares MSCI India ETF
INDA
|
+$23.7M |
| 3 |
KraneShares MSCI All China Health Care Index ETF
KURE
|
+$22.9M |
| 4 |
Autoliv
ALV
|
+$12.9M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.5% |
| 2 | Financials | 8.34% |
| 3 | Consumer Discretionary | 6.31% |
| 4 | Communication Services | 6.23% |
| 5 | Healthcare | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KLMN
1
Invesco MSCI North America Climate ETF
KLMN
$1.99B
| $2.39B | 15.31% |
87,333,362
-14,033,148
| -14% | -$370M |
|
|
KLMT
2
Invesco MSCI Global Climate 500 ETF
KLMT
$1.58B
| $1.36B | 8.73% |
44,931,497
| – | – |
|
|
EMCS
3
Xtrackers MSCI Emerging Markets Select ETF
EMCS
$994M
| $966M | 6.19% |
27,941,634
+3,880,954
| +16% | +$125M |
|
|
4
NVIDIA
NVDA
$5.13T
| $741M | 4.75% |
3,969,166
+261,900
| +7% | +$45.7M |
|
5
Apple
AAPL
$4.44T
| $609M | 3.9% |
2,391,483
+61,800
| +3% | +$14M |
|
|
6
Microsoft
MSFT
$3.63T
| $603M | 3.86% |
1,163,376
+113,900
| +11% | +$58.1M |
|
7
Alphabet (Google) Class A
GOOGL
$4.56T
| $392M | 2.51% |
1,610,699
+129,100
| +9% | +$27M |
|
8
Amazon
AMZN
$2.99T
| $362M | 2.32% |
1,646,711
+133,100
| +9% | +$30.1M |
|
|
9
iShares Russell 2000 ETF
IWM
$81.8B
| $353M | 2.26% |
1,458,061
+1,316,074
| +927% | +$302M |
|
10
iShares U.S. Carbon Transition Readiness Aware Active ETF
LCTU
$1.23B
| $349M | 2.24% |
4,814,000
| – | – |
|
11
Meta Platforms (Facebook)
META
$1.49T
| $275M | 1.76% |
374,044
+27,700
| +8% | +$20.6M |
|
12
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
| $227M | 1.46% |
2,700,000
| – | – |
|
13
Broadcom
AVGO
$1.96T
| $205M | 1.31% |
621,230
+38,400
| +7% | +$11.8M |
|
14
Tesla
TSLA
$1.27T
| $174M | 1.12% |
392,123
+39,900
| +11% | +$13.8M |
|
15
JPMorgan Chase
JPM
$949B
| $143M | 0.91% |
452,211
+80,700
| +22% | +$24M |
|
16
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.86B
| $124M | 0.8% |
1,600,000
| – | – |
|
|
17
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
| $120M | 0.77% |
+3,641,000
| New | +$109M |
|
18
TSMC
TSM
$2.16T
| $102M | 0.65% |
364,600
| – | – |
|
19
Visa
V
$677B
| $99.6M | 0.64% |
291,841
+52,100
| +22% | +$18M |
|
20
Oracle
ORCL
$414B
| $98.8M | 0.63% |
351,418
+124,200
| +55% | +$31.6M |
|
21
Eli Lilly
LLY
$1T
| $92.7M | 0.59% |
121,468
+12,200
| +11% | +$9.08M |
|
22
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.16B
| $83.6M | 0.54% |
1,250,000
| – | – |
|
23
Mastercard
MA
$496B
| $80.4M | 0.52% |
141,308
+25,100
| +22% | +$14.4M |
|
24
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.8B
| $79.1M | 0.51% |
3,100,000
| – | – |
|
25
Netflix
NFLX
$305B
| $73.9M | 0.47% |
616,750
+51,000
| +9% | +$6.22M |
|
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Varma Mutual Pension Insurance Co's Q3 2025 Portfolio in Review
As of Q3 2025, Varma Mutual Pension Insurance Co held 316 positions worth $15.6B, up 15% from $13.6B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Varma Mutual Pension Insurance Co deployed $948M of net new capital in Q3 2025, opening 7 new positions and adding to 266 existing holdings. Its largest new stake was Xtrackers Harvest CSI 300 China A-Shares ETF: 3,641,000 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Invesco MSCI North America Climate ETF, an estimated $370M trimmed.
- Varma Mutual Pension Insurance Co's largest Q3 2025 buy was Xtrackers Harvest CSI 300 China A-Shares ETF: 3,641,000 shares worth $120M.
- Varma Mutual Pension Insurance Co added most to iShares Russell 2000 ETF in Q3 2025, an estimated $302M increase.
- Varma Mutual Pension Insurance Co's biggest Q3 2025 reduction was Invesco MSCI North America Climate ETF, cutting an estimated $370M.
- Varma Mutual Pension Insurance Co fully exited Autoliv in Q3 2025, selling an estimated $12.9M.
- Varma Mutual Pension Insurance Co's ten largest holdings make up 52% of its $15.6B portfolio in Q3 2025.
- Varma Mutual Pension Insurance Co opened 7 new positions and closed 4 in Q3 2025.
- Varma Mutual Pension Insurance Co's portfolio value rose 15% quarter-over-quarter to $15.6B.
Based on Varma Mutual Pension Insurance Co's 13F filing for Q3 2025, filed 6 Nov 2025.