Varma Mutual Pension Insurance Co
Institutional investor · Portfolio as of Q4 2025
Top Holdings308 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
INVESCO EXCH TRADED FD TR II | 95.3M | $2.7B | 16.2% | $24.82 | +13.80% | 5 qtrssince 2024-Q4 | Increased 68 |
INVESCO EXCH TRADED FD TR II | 44.9M | $1.4B | 8.4% | $24.30 | +28.23% | 7 qtrssince 2024-Q2 | Unchanged 0 |
VANGUARD S&P 500 ETF | 1.2M | $757.4M | 4.6% | $631.72 | +12.96% | 1 qtr | New 88 |
NVIDIA CORP | 4M | $749M | 4.5% | $125.13 | +49.88% | 23 qtrssince 2020-Q2 | Increased 59 |
APPLE INC | 2.5M | $678.5M | 4.1% | $182.10 | +48.88% | 8 qtrssince 2024-Q1 | Increased 61 |
DBX ETF TR | 17.7M | $629.3M | 3.8% | $30.28 | +18.15% | 5 qtrssince 2024-Q4 | Decreased 0 |
MICROSOFT CORP | 1.1M | $551.2M | 3.3% | $330.57 | +47.47% | 28 qtrssince 2019-Q1 | Decreased 0 |
ALPHABET INC-CL A | 1.6M | $501.5M | 3.0% | $136.24 | +130.37% | 23 qtrssince 2020-Q2 | Decreased 0 |
AMAZON.COM INC | 1.6M | $376.7M | 2.3% | $191.56 | +21.39% | 8 qtrssince 2024-Q1 | Decreased 0 |
BLACKROCK ETF TRUST | 4.8M | $356.7M | 2.2% | $47.59 | +56.74% | 19 qtrssince 2021-Q2 | Unchanged 0 |
INVESCO S&P 500 EQUAL WEIGHT | 1.7M | $327.2M | 2.0% | $193.21 | 0.00% | 1 qtr | New 71 |
META PLATFORMS INC-CLASS A | 375,244 | $247.7M | 1.5% | $388.41 | +71.45% | 27 qtrssince 2019-Q2 | Increased 48 |
VANGUARD INT-TERM CORPORATE | 2.7M | $226.1M | 1.4% | $68.87 | +18.76% | 28 qtrssince 2019-Q1 | Unchanged 0 |
BROADCOM INC | 643,130 | $222.6M | 1.3% | $181.58 | +89.90% | 23 qtrssince 2020-Q2 | Increased 50 |
TESLA INC | 404,023 | $181.7M | 1.1% | $250.90 | +81.12% | 24 qtrssince 2020-Q1 | Increased 49 |
JPMORGAN CHASE & CO | 450,511 | $145.2M | 0.9% | $205.34 | +56.80% | 23 qtrssince 2020-Q2 | Decreased 0 |
ELI LILLY & CO | 122,868 | $132M | 0.8% | $586.43 | +82.38% | 27 qtrssince 2019-Q2 | Increased 43 |
VANGUARD SCOTTSDALE FDS | 1.6M | $121.4M | 0.7% | $68.87 | +7.18% | 5 qtrssince 2024-Q4 | Unchanged 0 |
TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ | 364,600 | $110.8M | 0.7% | $138.04 | +117.03% | 12 qtrssince 2023-Q1 | Unchanged 0 |
VISA INC-CLASS A SHARES | 291,341 | $102.2M | 0.6% | $281.48 | +23.85% | 28 qtrssince 2019-Q1 | Decreased 0 |
Varma Mutual Pension Insurance Co manages $16.5B across 308 positions as of Q4 2025. Top holdings: KLMN (16.2%), KLMT (8.4%), VOO (4.6%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3/5.0.
Active quarter - 32 new positions, 36 exits, 155 increased. Top move: VOO (NEW, conviction 88). Portfolio: $16.5B across 308 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer