13F holdings
Varma Mutual Pension Insurance Co portfolio
Managed by . 319 reported positions worth $17.0B as of 2026-03-31, filed with the SEC on 2026-05-05. Parsed from the filing itself, not a reseller.
$17.0B
Book value
319
Positions
51%
Top 10 weight
+16
New this quarter
-5
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 35 days old on 2026-05-05, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (16)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| IGV | ISHARES TR | $1.6B | 20,358,901 | 9.60% |
| XLE | SELECT SECTOR SPDR TR | $861.8M | 14,067,185 | 5.08% |
| KWEB | KRANESHARES TRUST | $252.6M | 8,885,966 | 1.49% |
| QQQ | INVESCO QQQ TR | $230.9M | 400,000 | 1.36% |
| EWZ | ISHARES INC | $69.1M | 1,800,550 | 0.41% |
| ASHR | DBX ETF TR | $55.5M | 1,700,000 | 0.33% |
| ECH | ISHARES INC | $51.5M | 1,294,477 | 0.30% |
| EWY | ISHARES INC | $30.5M | 248,071 | 0.18% |
| KSTR | KRANESHARES TRUST | $19.0M | 1,040,631 | 0.11% |
| AMCR | AMCOR PLC | $10.2M | 256,660 | 0.06% |
| BABA | ALIBABA GROUP HLDG LTD | $7.7M | 61,605 | 0.05% |
| ONON | ON HLDG AG | $5.4M | 160,000 | 0.03% |
| AS | AMER SPORTS INC | $3.3M | 100,000 | 0.02% |
| WAT | WATERS CORP | $2.9M | 9,869 | 0.02% |
| DECK | DECKERS OUTDOOR CORP | $2.5M | 25,000 | 0.01% |
| VSNT | VERSANT MEDIA GROUP INC | $1.1M | 30,651 | 0.01% |
Added to (43)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| EMCS | DBX ETF TR | $766.1M | 20,621,177 | 4.51% | +17% |
| META | META PLATFORMS INC | $217.9M | 380,894 | 1.28% | +2% |
| TSLA | TESLA INC | $153.9M | 414,023 | 0.91% | +2% |
| JNJ | JOHNSON & JOHNSON | $93.2M | 381,356 | 0.55% | +1% |
| ABBV | ABBVIE INC | $58.0M | 266,667 | 0.34% | +2% |
| PLTR | PALANTIR TECHNOLOGIES INC | $53.5M | 365,900 | 0.32% | +10% |
| AMAT | APPLIED MATLS INC | $53.5M | 156,582 | 0.32% | +6% |
| LRCX | LAM RESEARCH CORP | $51.6M | 241,730 | 0.30% | +4% |
| MRK | MERCK & CO INC | $48.9M | 406,874 | 0.29% | +3% |
| KLAC | KLA CORP | $45.6M | 30,964 | 0.27% | +26% |
| GEV | GE VERNOVA INC | $39.7M | 45,443 | 0.23% | +3% |
| UNH | UNITEDHEALTH GROUP INC | $37.9M | 140,062 | 0.22% | +5% |
| AMGN | AMGEN INC | $33.5M | 95,159 | 0.20% | +8% |
| ABT | ABBOTT LABORATORIES | $29.9M | 291,652 | 0.18% | +4% |
| EBND | SPDR SERIES TRUST | $28.9M | 1,400,000 | 0.17% | +100% |
Trimmed (49)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| KLMN | INVESCO EXCH TRADED FD TR II | $1.5B | 56,035,951 | 8.82% | -41% |
| HCA | HCA HEALTHCARE INC | $8.8M | 18,563 | 0.05% | -33% |
| HPQ | HP INC | $4.4M | 227,547 | 0.03% | -30% |
| ADBE | ADOBE INC | $11.8M | 48,526 | 0.07% | -30% |
| GIB | CGI INC | $6.5M | 89,600 | 0.04% | -30% |
| WDAY | WORKDAY INC | $4.5M | 34,669 | 0.03% | -30% |
| DELL | DELL TECHNOLOGIES INC | $7.8M | 47,500 | 0.05% | -30% |
| AXON | AXON ENTERPRISE INC | $7.5M | 17,630 | 0.04% | -28% |
| J | JACOBS SOLUTIONS INC | $8.5M | 66,800 | 0.05% | -23% |
| BR | BROADRIDGE FINL SOLUTIONS IN | $8.3M | 50,900 | 0.05% | -23% |
| ALNY | ALNYLAM PHARMACEUTICALS INC | $7.0M | 21,100 | 0.04% | -19% |
| NKE | NIKE INC | $9.7M | 182,995 | 0.06% | -18% |
| MRVL | MARVELL TECHNOLOGY INC | $13.2M | 133,588 | 0.08% | -16% |
| EW | EDWARDS LIFESCIENCES CORP | $9.3M | 115,858 | 0.05% | -15% |
| GLW | CORNING INC | $22.1M | 162,332 | 0.13% | -15% |
The book
Largest 150 of 319 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IGV | ISHARES TR | $1.6B | 20,358,901 | 9.60% | — |
| KLMN | INVESCO EXCH TRADED FD TR II | $1.5B | 56,035,951 | 8.82% | — |
| KLMT | INVESCO EXCH TRADED FD TR II | $1.4B | 44,931,497 | 7.97% | — |
| XLE | SELECT SECTOR SPDR TR | $861.8M | 14,067,185 | 5.08% | — |
| EMCS | DBX ETF TR | $766.1M | 20,621,177 | 4.51% | — |
| NVDA | NVIDIA CORPORATION | $681.6M | 3,908,266 | 4.01% | — |
| AAPL | APPLE INC | $618.5M | 2,436,883 | 3.64% | — |
| GOOGL | ALPHABET INC | $443.5M | 1,542,199 | 2.61% | — |
| MSFT | MICROSOFT CORP | $413.9M | 1,118,076 | 2.44% | — |
| LCTU | BLACKROCK ETF TRUST | $337.6M | 4,814,000 | 1.99% | — |
| AMZN | AMAZON COM INC | $324.3M | 1,557,111 | 1.91% | — |
| KWEB | KRANESHARES TRUST | $252.6M | 8,885,966 | 1.49% | — |
| QQQ | INVESCO QQQ TR | $230.9M | 400,000 | 1.36% | — |
| VCIT | VANGUARD SCOTTSDALE FDS | $223.4M | 2,700,000 | 1.32% | — |
| META | META PLATFORMS INC | $217.9M | 380,894 | 1.28% | — |
| AVGO | BROADCOM INC | $192.5M | 621,930 | 1.13% | — |
| TSLA | TESLA INC | $153.9M | 414,023 | 0.91% | — |
| JPM | JPMORGAN CHASE & CO | $132.5M | 450,511 | 0.78% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $123.2M | 364,600 | 0.73% | — |
| VCLT | VANGUARD SCOTTSDALE FDS | $119.6M | 1,600,000 | 0.70% | — |
| EXMOC | EXXON MOBIL CORP | $112.5M | 662,803 | 0.66% | — |
| LLY | ELI LILLY & CO | $108.4M | 117,868 | 0.64% | — |
| JNJ | JOHNSON & JOHNSON | $93.2M | 381,356 | 0.55% | — |
| V | VISA INC | $88.1M | 291,341 | 0.52% | — |
| WMT | WALMART INC | $82.7M | 665,366 | 0.49% | — |
| VWOB | VANGUARD WHITEHALL FDS | $82.1M | 1,250,000 | 0.48% | — |
| EMLC | VANECK ETF TRUST | $77.8M | 3,100,000 | 0.46% | — |
| MA | MASTERCARD INCORPORATED | $74.1M | 148,208 | 0.44% | — |
| EWZ | ISHARES INC | $69.1M | 1,800,550 | 0.41% | — |
| VCEB | VANGUARD WORLD FD | $69.1M | 1,100,000 | 0.41% | — |
| CVX | CHEVRON CORPORATION | $63.8M | 308,436 | 0.38% | — |
| COST | COSTCO WHOLESALE CORPORATION | $63.7M | 63,957 | 0.38% | — |
| NFLX | NETFLIX INC. | $59.6M | 620,250 | 0.35% | — |
| BAC | BANK AMERICA CORP | $58.3M | 1,196,424 | 0.34% | — |
| ABBV | ABBVIE INC | $58.0M | 266,667 | 0.34% | — |
| MU | MICRON TECHNOLOGY INC | $57.5M | 170,071 | 0.34% | — |
| ASHR | DBX ETF TR | $55.5M | 1,700,000 | 0.33% | — |
| GOOG | ALPHABET INC | $54.8M | 190,914 | 0.32% | — |
| PG | PROCTER & GAMBLE CO | $54.7M | 378,855 | 0.32% | — |
| CAT | CATERPILLAR INC | $54.1M | 76,416 | 0.32% | — |
| KO | COCA COLA CO | $53.8M | 707,276 | 0.32% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $53.5M | 365,900 | 0.32% | — |
| AMAT | APPLIED MATLS INC | $53.5M | 156,582 | 0.32% | — |
| LRCX | LAM RESEARCH CORP | $51.6M | 241,730 | 0.30% | — |
| ECH | ISHARES INC | $51.5M | 1,294,477 | 0.30% | — |
| AMD | ADVANCED MICRO DEVICES INC | $49.4M | 242,917 | 0.29% | — |
| HD | HOME DEPOT INC | $49.4M | 150,095 | 0.29% | — |
| GE | GE AEROSPACE | $49.3M | 173,745 | 0.29% | — |
| MRK | MERCK & CO INC | $48.9M | 406,874 | 0.29% | — |
| CSCO | CISCO SYS INC | $47.5M | 611,847 | 0.28% | — |
| GS | GOLDMAN SACHS GROUP INC | $46.7M | 55,200 | 0.28% | — |
| KLAC | KLA CORP | $45.6M | 30,964 | 0.27% | — |
| WFC | WELLS FARGO & CO | $42.9M | 538,759 | 0.25% | — |
| GEV | GE VERNOVA INC | $39.7M | 45,443 | 0.23% | — |
| LIN | LINDE PLC | $39.5M | 79,585 | 0.23% | — |
| C | CITIGROUP INC | $38.8M | 341,876 | 0.23% | — |
| RY | ROYAL BK CDA | $38.8M | 240,529 | 0.23% | — |
| PEP | PEPSICO INC | $38.3M | 246,557 | 0.23% | — |
| UNH | UNITEDHEALTH GROUP INC | $37.9M | 140,062 | 0.22% | — |
| VZ | VERIZON COMMUNICATIONS INC | $37.3M | 742,109 | 0.22% | — |
| MS | MORGAN STANLEY | $36.4M | 221,412 | 0.21% | — |
| COP | CONOCOPHILLIPS | $36.4M | 275,852 | 0.21% | — |
| T | AT&T INC | $36.2M | 1,248,460 | 0.21% | — |
| AXP | AMERICAN EXPRESS CO | $33.6M | 110,935 | 0.20% | — |
| AMGN | AMGEN INC | $33.5M | 95,159 | 0.20% | — |
| MCD | MCDONALDS CORP | $33.4M | 107,366 | 0.20% | — |
| ORCL | ORACLE CORP | $33.0M | 224,518 | 0.19% | — |
| EMB | ISHARES TR | $32.9M | 350,000 | 0.19% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $32.1M | 132,408 | 0.19% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $31.1M | 63,217 | 0.18% | — |
| INTC | INTEL CORP | $30.6M | 693,623 | 0.18% | — |
| EWY | ISHARES INC | $30.5M | 248,071 | 0.18% | — |
| NEE | NEXTERA ENERGY INC | $30.3M | 325,893 | 0.18% | — |
| ABT | ABBOTT LABORATORIES | $29.9M | 291,652 | 0.18% | — |
| SCHW | SCHWAB CHARLES CORP | $29.2M | 310,181 | 0.17% | — |
| PH | PARKER-HANNIFIN CORP | $29.1M | 32,475 | 0.17% | — |
| EBND | SPDR SERIES TRUST | $28.9M | 1,400,000 | 0.17% | — |
| PFE | PFIZER INC | $28.7M | 1,022,063 | 0.17% | — |
| GILD | GILEAD SCIENCES INC | $28.7M | 205,915 | 0.17% | — |
| AEM | AGNICO EAGLE MINES LTD | $28.6M | 141,252 | 0.17% | — |
| INDA | ISHARES TR | $28.5M | 607,910 | 0.17% | — |
| ETN | EATON CORP PLC | $28.4M | 79,475 | 0.17% | — |
| TD | TORONTO DOMINION BK ONT | $28.1M | 301,698 | 0.17% | — |
| DIS | DISNEY WALT CO | $28.0M | 290,594 | 0.16% | — |
| CRM | SALESFORCE INC | $27.6M | 148,028 | 0.16% | — |
| APH | AMPHENOL CORP | $27.6M | 218,589 | 0.16% | — |
| SPGI | S&P GLOBAL INC | $27.4M | 64,507 | 0.16% | — |
| WELL | WELLTOWER INC | $27.2M | 137,676 | 0.16% | — |
| BLK | BLACKROCK INC | $26.8M | 27,912 | 0.16% | — |
| TJX | TJX COS INC NEW | $26.7M | 166,966 | 0.16% | — |
| ISRG | INTUITIVE SURGICAL INC | $26.4M | 57,253 | 0.16% | — |
| DE | DEERE & CO | $26.2M | 46,567 | 0.15% | — |
| KURE | KRANESHARES TRUST | $25.9M | 1,520,129 | 0.15% | — |
| ADI | ANALOG DEVICES INC | $25.8M | 81,159 | 0.15% | — |
| UNP | UNION PAC CORP | $25.4M | 104,849 | 0.15% | — |
| TXN | TEXAS INSTRS INC | $25.0M | 128,941 | 0.15% | — |
| WPM | WHEATON PRECIOUS METALS CORP | $25.0M | 191,258 | 0.15% | — |
| NEM | NEWMONT CORP | $25.0M | 230,556 | 0.15% | — |
| ANET | ARISTA NETWORKS INC | $24.4M | 198,550 | 0.14% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $23.8M | 393,026 | 0.14% | — |
| PLD | PROLOGIS INC. | $23.8M | 179,946 | 0.14% | — |
| UBER | UBER TECHNOLOGIES INC | $23.8M | 330,317 | 0.14% | — |
| CME | CME GROUP INC | $23.7M | 80,296 | 0.14% | — |
| ENB | ENBRIDGE INC | $23.6M | 437,561 | 0.14% | — |
| COF | CAPITAL ONE FINL CORP | $23.6M | 129,282 | 0.14% | — |
| QCOM | QUALCOMM INC | $23.3M | 180,771 | 0.14% | — |
| BKNG | BOOKING HOLDINGS INC | $23.3M | 5,524 | 0.14% | — |
| CB | CHUBB LTD SWITZ | $23.1M | 70,821 | 0.14% | — |
| SHOP | SHOPIFY INC | $22.6M | 191,408 | 0.13% | — |
| GLW | CORNING INC | $22.1M | 162,332 | 0.13% | — |
| MRSH | MARSH & MCLENNAN COS INC | $22.0M | 127,104 | 0.13% | — |
| EOG | EOG RES INC | $22.0M | 152,392 | 0.13% | — |
| CMCSA | COMCAST CORP NEW | $22.0M | 766,294 | 0.13% | — |
| PGR | PROGRESSIVE CORP | $21.8M | 110,044 | 0.13% | — |
| FCX | FREEPORT MCMORAN INC | $21.1M | 359,367 | 0.12% | — |
| BNY | BANK NEW YORK MELLON CORP | $21.1M | 177,490 | 0.12% | — |
| LOW | LOWES COS INC | $20.8M | 88,163 | 0.12% | — |
| MDT | MEDTRONIC PLC | $20.6M | 238,151 | 0.12% | — |
| WDC | WESTERN DIGITAL CORP | $20.6M | 76,100 | 0.12% | — |
| HWM | HOWMET AEROSPACE INC | $20.5M | 89,054 | 0.12% | — |
| FANG | DIAMONDBACK ENERGY INC | $20.2M | 101,899 | 0.12% | — |
| SLB | SLB LIMITED | $20.1M | 391,652 | 0.12% | — |
| MCK | MCKESSON CORP | $19.7M | 22,753 | 0.12% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $19.5M | 43,626 | 0.11% | — |
| TMUS | T-MOBILE US INC | $19.5M | 92,617 | 0.11% | — |
| CMI | CUMMINS INC | $19.4M | 36,130 | 0.11% | — |
| DHR | DANAHER CORP DEL | $19.4M | 102,226 | 0.11% | — |
| BMO | BANK MONTREAL MEDIUM | $19.4M | 143,329 | 0.11% | — |
| TT | TRANE TECHNOLOGIES PLC | $19.3M | 46,410 | 0.11% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $19.3M | 63,370 | 0.11% | — |
| MJSC | RBB FUND TRUST | $19.3M | 355,000 | 0.11% | — |
| ICE | INTERCONTINENTAL EXCHANGE IN | $19.2M | 122,001 | 0.11% | — |
| KSTR | KRANESHARES TRUST | $19.0M | 1,040,631 | 0.11% | — |
| ACN | ACCENTURE PLC IRELAND | $18.9M | 95,386 | 0.11% | — |
| JCI | JOHNSON CONTROLS INTERNATION | $18.9M | 144,006 | 0.11% | — |
| WM | WASTE MGMT INC DEL | $18.8M | 81,830 | 0.11% | — |
| EQIX | EQUINIX INC | $18.7M | 19,053 | 0.11% | — |
| BNS | BANK NOVA SCOTIA B C | $18.7M | 269,856 | 0.11% | — |
| OXY | OCCIDENTAL PETE CORP | $18.5M | 284,800 | 0.11% | — |
| PANW | PALO ALTO NETWORKS INC | $18.5M | 115,176 | 0.11% | — |
| ECL | ECOLAB INC | $18.3M | 68,940 | 0.11% | — |
| CM | CANADIAN IMPERIAL BANK OF CO | $18.3M | 193,811 | 0.11% | — |
| VRT | VERTIV HOLDINGS CO | $18.3M | 72,900 | 0.11% | — |
| MCO | MOODYS CORP | $18.3M | 41,866 | 0.11% | — |
| BN | BROOKFIELD CORP | $18.3M | 451,819 | 0.11% | — |
| CL | COLGATE PALMOLIVE CO | $18.1M | 211,917 | 0.11% | — |
| WMB | WILLIAMS COS INC | $17.8M | 244,200 | 0.10% | — |
| NOW | SERVICENOW INC | $17.7M | 169,415 | 0.10% | — |
| MDLZ | MONDELEZ INTL INC | $17.7M | 307,165 | 0.10% | — |
| INTU | INTUIT | $17.7M | 40,858 | 0.10% | — |
This table is the 150 largest positions by value, out of 319 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Varma Mutual Pension Insurance Co (CIK 1698484, accession 0001140361-26-019052). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
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