Varma Mutual Pension Insurance Co

Varma, H9 · CIK 1698484 · 13F filing filed 2025-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Kindbank or insurer

$13.6bn reported value +16.7% vs Q1 2025

309positions

54.4%in top 10

19 new 160 added 116 reduced 28 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INVESCO EXCH TRADED FD TR II MSCI NORTH AMER KLMN	KLMN	101,366,510	$2.6bn19.09%	19.09%	Added +16.0m	+15,974,242 18.7%
2	INVESCO EXCH TRADED FD TR II MSCI CLIMATE 500 KLMT	KLMT	44,931,497	$1.3bn9.42%	9.42%	Unchanged
3	DBX ETF TR XTKR MSCI EMRG EMCS	EMCS	24,060,680	$751.1m5.53%	5.53%	Added +18.1m	+18,060,680 301.0%
4	NVIDIA CORPORATION COM NVDA	NVDA	3,707,266	$585.7m4.32%	4.32%	Added +206.8k	+206,800 5.9%
5	MICROSOFT CORP COM MSFT	MSFT	1,049,476	$522.0m3.85%	3.85%	Added +15.8k	+15,800 1.5%
6	APPLE INC COM AAPL	AAPL	2,329,683	$478.0m3.52%	3.52%	Added +92.4k	+92,400 4.1%
7	AMAZON COM INC COM AMZN	AMZN	1,513,611	$332.1m2.45%	2.45%	Added +299.5k	+299,500 24.7%
8	BLACKROCK ETF TRUST US CARBON TRANS LCTU	LCTU	4,814,000	$323.8m2.39%	2.39%	Unchanged
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,481,599	$261.1m1.92%	1.92%	Added +225.5k	+225,500 17.9%
10	META PLATFORMS INC CL A META	META	346,344	$255.6m1.88%	1.88%	Added +54.6k	+54,650 18.7%
11	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	2,700,000	$223.9m1.65%	1.65%	Unchanged
12	BROADCOM INC COM AVGO	AVGO	582,830	$160.7m1.18%	1.18%	Added +17.8k	+17,800 3.1%
13	VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT	VCLT	1,600,000	$121.4m0.89%	0.89%	Unchanged
14	TESLA INC COM TSLA	TSLA	352,223	$111.9m0.82%	0.82%	Reduced -2.1k	-2,100 -0.6%
15	JPMORGAN CHASE & CO COM JPM	JPM	371,511	$107.7m0.79%	0.79%	Reduced -6.6k	-6,600 -1.8%
16	ELI LILLY & CO COM LLY	LLY	109,268	$85.2m0.63%	0.63%	Added +400	+400 0.4%
17	VISA INC COM CL A V	V	239,741	$85.1m0.63%	0.63%	Added +6.2k	+6,200 2.6%
18	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	364,600	$82.6m0.61%	0.61%	Reduced -7.8k	-7,800 -2.1%
19	VANGUARD WHITEHALL FDS EM MK GOV BD ETF VWOB	VWOB	1,250,000	$81.7m0.60%	0.60%	Reduced -800.0k	-800,000 -39.0%
20	VANECK ETF TRUST JP MRGAN EM LOC EMLC	EMLC	3,100,000	$78.6m0.58%	0.58%	Reduced -1.0m	-1,000,000 -24.4%
21	NETFLIX INC COM NFLX	NFLX	56,575	$75.8m0.56%	0.56%	Reduced -2.4k	-2,400 -4.1%
22	VANGUARD WORLD FD ESG US CORP BD VCEB	VCEB	1,100,000	$69.7m0.51%	0.51%	Unchanged
23	MASTERCARD INCORPORATED CL A MA	MA	116,208	$65.3m0.48%	0.48%	Reduced -400	-400 -0.3%
24	EXXON MOBIL CORP COM XOM	XOM	603,403	$65.0m0.48%	0.48%	Added +11.3k	+11,300 1.9%
25	WALMART INC COM WMT	WMT	618,466	$60.5m0.45%	0.45%	Added +13.3k	+13,300 2.2%
26	ISHARES TR MSCI INDIA ETF INDA	INDA	1,051,640	$58.6m0.43%	0.43%	New
27	COSTCO WHSL CORP NEW COM COST	COST	57,957	$57.4m0.42%	0.42%	Unchanged
28	ISHARES TR FALN ANGLS USD FALN	FALN	2,000,000	$54.3m0.40%	0.40%	Unchanged
29	PROCTER AND GAMBLE CO COM PG	PG	334,655	$53.3m0.39%	0.39%	Added +1.6k	+1,600 0.5%
30	JOHNSON & JOHNSON COM JNJ	JNJ	347,356	$53.1m0.39%	0.39%	Reduced -9.4k	-9,400 -2.6%
31	HOME DEPOT INC COM HD	HD	140,395	$51.5m0.38%	0.38%	Added +1.3k	+1,300 0.9%
32	ORACLE CORP COM ORCL	ORCL	227,218	$49.7m0.37%	0.37%	Reduced -69.9k	-69,900 -23.5%
33	BANK AMERICA CORP COM BAC	BAC	993,324	$47.0m0.35%	0.35%	Added +31.7k	+31,700 3.3%
34	KRANESHARES TR MSCI ALL CHINA KURE	KURE	2,682,129	$45.4m0.33%	0.33%	Unchanged
35	ABBVIE INC COM ABBV	ABBV	242,267	$45.0m0.33%	0.33%	Reduced -3.9k	-3,900 -1.6%
36	COCA COLA CO COM KO	KO	604,576	$42.8m0.32%	0.32%	Reduced -4.7k	-4,700 -0.8%
37	CISCO SYS INC COM CSCO	CSCO	595,947	$41.3m0.30%	0.30%	Added +92.8k	+92,800 18.4%
38	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	288,800	$39.4m0.29%	0.29%	Added +3.7k	+3,700 1.3%
39	UNITEDHEALTH GROUP INC COM UNH	UNH	125,662	$39.2m0.29%	0.29%	Added +5.4k	+5,400 4.5%
40	SALESFORCE INC COM CRM	CRM	142,828	$38.9m0.29%	0.29%	Added +6.0k	+6,000 4.4%
41	GE AEROSPACE COM NEW GE	GE	151,008	$38.9m0.29%	0.29%	Reduced -13.0k	-13,000 -7.9%
42	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	127,358	$37.5m0.28%	0.28%	Reduced -4.9k	-4,900 -3.7%
43	ABBOTT LABS COM ABT	ABT	267,252	$36.3m0.27%	0.27%	Added +8.7k	+8,700 3.4%
44	WELLS FARGO CO NEW COM WFC	WFC	441,159	$35.3m0.26%	0.26%	Reduced -23.7k	-23,700 -5.1%
45	LINDE PLC SHS LIN	LIN	73,785	$34.6m0.26%	0.26%	Added +2.5k	+2,500 3.5%
46	ADVANCED MICRO DEVICES INC COM AMD	AMD	238,317	$33.8m0.25%	0.25%	Added +81.3k	+81,300 51.8%
47	CHEVRON CORP NEW COM CVX	CVX	232,830	$33.3m0.25%	0.25%	Reduced -9.4k	-9,400 -3.9%
48	INTUIT COM INTU	INTU	41,458	$32.7m0.24%	0.24%	Added +2.5k	+2,500 6.4%
49	DISNEY WALT CO COM DIS	DIS	261,794	$32.5m0.24%	0.24%	Reduced -15.1k	-15,050 -5.4%
50	AT&T INC COM T	T	1,099,260	$31.8m0.23%	0.23%	Reduced -54.7k	-54,700 -4.7%
51	GOLDMAN SACHS GROUP INC COM GS	GS	44,800	$31.7m0.23%	0.23%	Reduced -2.7k	-2,700 -5.7%
52	SERVICENOW INC COM NOW	NOW	30,783	$31.6m0.23%	0.23%	Reduced -700	-700 -2.2%
53	PEPSICO INC COM PEP	PEP	236,157	$31.2m0.23%	0.23%	Added +22.7k	+22,700 10.6%
54	MCDONALDS CORP COM MCD	MCD	106,466	$31.1m0.23%	0.23%	Reduced -3.1k	-3,100 -2.8%
55	ISHARES TR RUSSELL 2000 ETF IWM	IWM	141,987	$30.6m0.23%	0.23%	New
56	AMERICAN EXPRESS CO COM AXP	AXP	93,135	$29.7m0.22%	0.22%	Added +9.7k	+9,700 11.6%
57	ALPHABET INC CAP STK CL C GOOG	GOOG	165,950	$29.4m0.22%	0.22%	Reduced -5.8k	-5,850 -3.4%
58	MERCK & CO INC COM MRK	MRK	369,674	$29.3m0.22%	0.22%	Reduced -12.4k	-12,400 -3.2%
59	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	53,453	$29.0m0.21%	0.21%	Added +1.2k	+1,200 2.3%
60	BOSTON SCIENTIFIC CORP COM BSX	BSX	268,181	$28.8m0.21%	0.21%	Reduced -10.9k	-10,900 -3.9%
61	ROYAL BK CDA COM RY	RY	218,929	$28.8m0.21%	0.21%	Reduced -3.6k	-3,600 -1.6%
62	BOOKING HOLDINGS INC COM BKNG	BKNG	4,924	$28.5m0.21%	0.21%	Reduced -100	-100 -2.0%
63	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	93,586	$28.0m0.21%	0.21%	Added +13.7k	+13,700 17.1%
64	QUALCOMM INC COM QCOM	QCOM	172,871	$27.5m0.20%	0.20%	Added +7.6k	+7,600 4.6%
65	VERIZON COMMUNICATIONS INC COM VZ	VZ	633,809	$27.4m0.20%	0.20%	Added +135.4k	+135,400 27.2%
66	S&P GLOBAL INC COM SPGI	SPGI	52,007	$27.4m0.20%	0.20%	Reduced -2.5k	-2,500 -4.6%
67	TEXAS INSTRS INC COM TXN	TXN	131,741	$27.4m0.20%	0.20%	Added +21.0k	+21,000 19.0%
68	CATERPILLAR INC COM CAT	CAT	69,356	$26.9m0.20%	0.20%	Reduced -11.2k	-11,200 -13.9%
69	APPLIED MATLS INC COM AMAT	AMAT	146,482	$26.8m0.20%	0.20%	Added +18.6k	+18,600 14.5%
70	MORGAN STANLEY COM NEW MS	MS	175,112	$24.7m0.18%	0.18%	Reduced -8.9k	-8,900 -4.8%
71	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	60,717	$24.6m0.18%	0.18%	Reduced -400	-400 -0.7%
72	UBER TECHNOLOGIES INC COM UBER	UBER	261,792	$24.4m0.18%	0.18%	Reduced -13.8k	-13,800 -5.0%
73	ADOBE INC COM ADBE	ADBE	61,826	$23.9m0.18%	0.18%	Added +10.5k	+10,500 20.5%
74	EATON CORP PLC SHS ETN	ETN	66,925	$23.9m0.18%	0.18%	Added +2.0k	+2,000 3.1%
75	CITIGROUP INC COM NEW C	C	280,376	$23.9m0.18%	0.18%	Reduced -18.6k	-18,600 -6.2%
76	LAM RESEARCH CORP COM NEW LRCX	LRCX	238,030	$23.2m0.17%	0.17%	Reduced -16.3k	-16,300 -6.4%
77	CONOCOPHILLIPS COM COP	COP	256,352	$23.0m0.17%	0.17%	Added +58.2k	+58,200 29.4%
78	AMGEN INC COM AMGN	AMGN	81,959	$22.9m0.17%	0.17%	Reduced -3.7k	-3,700 -4.3%
79	BLACKROCK INC COM BLK	BLK	21,312	$22.4m0.16%	0.16%	Reduced -500	-500 -2.3%
80	SCHWAB CHARLES CORP COM SCHW	SCHW	237,581	$21.7m0.16%	0.16%	Added +8.5k	+8,500 3.7%
81	NEXTERA ENERGY INC COM NEE	NEE	310,593	$21.6m0.16%	0.16%	Added +18.8k	+18,800 6.4%
82	CAPITAL ONE FINL CORP COM COF	COF	101,282	$21.5m0.16%	0.16%	Added +31.2k	+31,246 44.6%
83	PROGRESSIVE CORP COM PGR	PGR	80,644	$21.5m0.16%	0.16%	Unchanged
84	ANALOG DEVICES INC COM ADI	ADI	89,659	$21.3m0.16%	0.16%	Reduced -4.3k	-4,300 -4.6%
85	FREEPORT-MCMORAN INC CL B FCX	FCX	491,767	$21.3m0.16%	0.16%	Added +67.7k	+67,700 16.0%
86	PFIZER INC COM PFE	PFE	878,063	$21.3m0.16%	0.16%	Added +14.8k	+14,800 1.7%
87	PALO ALTO NETWORKS INC COM PANW	PANW	103,776	$21.2m0.16%	0.16%	Added +3.1k	+3,100 3.1%
88	KLA CORP COM NEW KLAC	KLAC	23,664	$21.2m0.16%	0.16%	Added +8.3k	+8,300 54.0%
89	GILEAD SCIENCES INC COM GILD	GILD	187,815	$20.8m0.15%	0.15%	Reduced -7.2k	-7,200 -3.7%
90	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	180,158	$20.7m0.15%	0.15%	Reduced -200	-200 -0.1%
91	GE VERNOVA INC COM GEV	GEV	39,143	$20.7m0.15%	0.15%	Reduced -3.6k	-3,600 -8.4%
92	MICRON TECHNOLOGY INC COM MU	MU	165,471	$20.4m0.15%	0.15%	Added +7.9k	+7,900 5.0%
93	COMCAST CORP NEW CL A CMCSA	CMCSA	563,894	$20.1m0.15%	0.15%	Added +88.8k	+88,800 18.7%
94	DEERE & CO COM DE	DE	39,207	$19.9m0.15%	0.15%	Reduced -5.1k	-5,100 -11.5%
95	TORONTO DOMINION BK ONT COM NEW TD	TD	271,198	$19.9m0.15%	0.15%	Reduced -18.8k	-18,800 -6.5%
96	MARSH & MCLENNAN COS INC COM MRSH	MRSH	90,704	$19.8m0.15%	0.15%	Reduced -6.0k	-6,000 -6.2%
97	TJX COS INC NEW COM TJX	TJX	159,266	$19.7m0.14%	0.14%	Reduced -7.3k	-7,300 -4.4%
98	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	63,453	$19.6m0.14%	0.14%	Added +1.8k	+1,800 2.9%
99	STRYKER CORPORATION COM SYK	SYK	49,110	$19.4m0.14%	0.14%	Added +1.6k	+1,600 3.4%
100	WELLTOWER INC COM WELL	WELL	125,976	$19.4m0.14%	0.14%	Added +8.2k	+8,200 7.0%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ISHARES TR IGV	IGV	2,482,227	$220.9m2.5m shares
SPDR SER TR JNK	JNK	1,100,000	$104.8m1.1m shares
DBX ETF TR ASHR	ASHR	1,990,078	$52.9m2.0m shares
ALIBABA GROUP HLDG LTD BABA	BABA	210,400	$27.8m210.4k shares
JD.COM INC JD	JD	241,300	$9.9m241.3k shares
DISCOVER FINL SVCS DFS	DFS	53,421	$9.1m53.4k shares
PHILLIPS 66 PSX	PSX	73,800	$9.1m73.8k shares
PG&E CORP PCG	PCG	514,377	$8.8m514.4k shares
HERSHEY CO HSY	HSY	50,726	$8.7m50.7k shares
GARMIN LTD GRMN	GRMN	39,100	$8.5m39.1k shares
HALLIBURTON CO HAL	HAL	330,503	$8.4m330.5k shares
ZIMMER BIOMET HOLDINGS INC ZBH	ZBH	73,712	$8.3m73.7k shares
RESTAURANT BRANDS INTL INC QSR	QSR	122,929	$8.2m122.9k shares
EVERSOURCE ENERGY ES	ES	127,963	$7.9m128.0k shares
HEALTHPEAK PROPERTIES INC DOC	DOC	389,350	$7.9m389.4k shares
OMNICOM GROUP INC OMC	OMC	91,474	$7.6m91.5k shares
INTERPUBLIC GROUP COS INC IPG	IPG	277,500	$7.5m277.5k shares
NUCOR CORP NUE	NUE	59,035	$7.1m59.0k shares
VULCAN MATLS CO VMC	VMC	30,109	$7.0m30.1k shares
HOST HOTELS & RESORTS INC HST	HST	462,000	$6.6m462.0k shares
D R HORTON INC DHI	DHI	50,946	$6.5m50.9k shares
EDISON INTL EIX	EIX	107,847	$6.4m107.8k shares
FERGUSON ENTERPRISES INC FERG	FERG	39,301	$6.3m39.3k shares
LENNAR CORP LEN	LEN	50,826	$5.8m50.8k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	119,334	$5.8m119.3k shares