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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
KLMN
1
Invesco MSCI North America Climate ETF
KLMN
$2.04B
$2.68B 16.18%
95,333,362
+8,000,000
+9% +$222M
KLMT
2
Invesco MSCI Global Climate 500 ETF
KLMT
$1.61B
$1.39B 8.41%
44,931,497
– –
VOO icon
3
Vanguard S&P 500 ETF
VOO
$1.01T
$757M 4.58%
+1,207,700
New +$751M
NVDA icon
4
NVIDIA
NVDA
$5.42T
$749M 4.53%
4,015,866
+46,700
+1% +$8.69M
AAPL icon
5
Apple
AAPL
$4.57T
$679M 4.1%
2,495,883
+104,400
+4% +$28M
EMCS
6
Xtrackers MSCI Emerging Markets Select ETF
EMCS
$999M
$629M 3.81%
17,660,261
-10,281,373
-37% -$362M
MSFT icon
7
Microsoft
MSFT
$3.71T
$551M 3.33%
1,139,676
-23,700
-2% -$11.9M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.33T
$501M 3.03%
1,602,199
-8,500
-0.5% -$2.43M
AMZN icon
9
Amazon
AMZN
$2.96T
$377M 2.28%
1,632,111
-14,600
-0.9% -$3.34M
LCTU icon
10
iShares U.S. Carbon Transition Readiness Aware Active ETF
LCTU
$1.26B
$357M 2.16%
4,814,000
– –
RSP icon
11
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
$327M 1.98%
+1,708,000
New +$324M
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$248M 1.5%
375,244
+1,200
+0.3% +$801K
VCIT icon
13
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.3B
$226M 1.37%
2,700,000
– –
AVGO icon
14
Broadcom
AVGO
$2.04T
$223M 1.35%
643,130
+21,900
+4% +$7.83M
TSLA icon
15
Tesla
TSLA
$1.3T
$182M 1.1%
404,023
+11,900
+3% +$5.28M
JPM icon
16
JPMorgan Chase
JPM
$950B
$145M 0.88%
450,511
-1,700
-0.4% -$526K
LLY icon
17
Eli Lilly
LLY
$1.06T
$132M 0.8%
122,868
+1,400
+1% +$1.34M
VCLT icon
18
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.85B
$121M 0.73%
1,600,000
– –
TSM icon
19
TSMC
TSM
$2.18T
$111M 0.67%
364,600
– –
V icon
20
Visa
V
$677B
$102M 0.62%
291,341
-500
-0.2% -$170K
MA icon
21
Mastercard
MA
$493B
$84.6M 0.51%
148,208
+6,900
+5% +$3.86M
VWOB icon
22
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.18B
$84.3M 0.51%
1,250,000
– –
EMLC icon
23
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.84B
$80M 0.48%
3,100,000
– –
XOM icon
24
ExxonMobil
XOM
$634B
$79.8M 0.48%
662,803
+7,500
+1% +$870K
JNJ icon
25
Johnson & Johnson
JNJ
$625B
$77.9M 0.47%
376,356
-1,900
-0.5% -$376K
1
2 3 4 5

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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.