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Varma Mutual Pension Insurance Co

SALMISAARENRANTA 11, HELSINKI 00180 • 358-50-910-1690

Q2 2026 · Filed 2026-08-13
Market Value
$18.4B
+8.3%
Holdings
344
+26
New Purchases
31
Added To
121
Closed
44
Reduced
125
Top 10 Concentration
53.8%
Turnover
21.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KLMN 13.73% 8.81% +4.91% $2.5B
RSP 3.09% 0.00% +3.09% $569M
EMCS 5.26% 4.51% +0.75% $967M
MU 0.87% 0.34% +0.53% $159M
KLMT 8.43% 7.97% +0.46% $1.6B
AMD 0.73% 0.29% +0.44% $134M
GOOGL 3.05% 2.71% +0.34% $561M
INDA 0.48% 0.17% +0.32% $89M
INTC 0.50% 0.18% +0.32% $91M
NVDA 4.26% 4.01% +0.25% $784M
TSM 0.97% 0.73% +0.24% $178M
PM 0.24% 0.00% +0.24% $44M
AMAT 0.53% 0.32% +0.21% $97M
AMZN 2.23% 2.03% +0.20% $410M
KSTR 0.31% 0.11% +0.19% $56M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XLE 0.35% 5.08% -4.73% $64M
IGV 7.51% 9.60% -2.09% $1.4B
KWEB 0.00% 1.49% -1.49% $0
QQQ 0.00% 1.36% -1.36% $0
VCIT 0.00% 1.32% -1.32% $0
VCLT 0.00% 0.70% -0.70% $0
EWZ 0.00% 0.41% -0.41% $0
ASHR 0.00% 0.33% -0.33% $0
MSFT 2.31% 2.55% -0.23% $426M
XONA.DE 0.50% 0.66% -0.17% $91M
META 1.15% 1.28% -0.14% $211M
PLTR 0.20% 0.32% -0.11% $38M
OXY 0.00% 0.11% -0.11% $0
PWR 0.00% 0.10% -0.10% $0
NFLX 0.25% 0.35% -0.10% $46M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 49.1%
Technology 20.2%
Communication Services 6.3%
Consumer Cyclical 5.5%
Healthcare 5.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $6.8B 37.1%
Large Cap 261 $5.6B 30.6%
Mid Cap 12 $2.8B 15.3%
Small Cap 7 $3.0B 16.4%
Micro Cap 3 $102M 0.6%

Portfolio Analytics

Avg Market Cap
$219.6B
Median Market Cap
$75.6B
Avg P/E
36.1
Median P/E
25.0
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
319
# ETFs / Funds
25

Top Holdings (344 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KLMN 13.73% 82,227,516 $2.5B $30.71 $1.0B +26,191,565 +46.7%
2 KLMT 8.43% 44,931,497 $1.6B $34.52 $198M — —
3 IGV 7.51% 15,248,262 $1.4B $90.60 -$248M -5,110,639 -25.1%
4 EMCS 5.26% 20,621,177 $967M $46.91 $201M — —
5 NVDA 4.26% 3,920,566 $784M $200.09 $103M +12,300 +0.3%
6 AAPL 3.91% 2,484,883 $719M $289.36 $80M -32,000 -1.3%
7 RSP 3.09% 2,673,800 $569M $212.77 — +2,673,800 — NEW
8 GOOGL 3.05% 1,570,599 $561M $357.37 $101M -31,600 -2.0%
9 MSFT 2.31% 1,141,076 $426M $373.02 -$7M -27,000 -2.3%
10 AMZN 2.23% 1,721,811 $410M $238.34 $65M +64,700 +3.9%
11 LCTU 2.10% 4,814,000 $386M $80.16 $48M — —
12 AVGO 1.32% 641,830 $242M $377.75 $50M +19,900 +3.2%
13 META 1.15% 374,094 $211M $563.29 -$7M -6,800 -1.8%
14 TSM 0.97% 372,800 $178M $477.57 $55M +8,200 +2.2%
15 TSLA 0.95% 413,723 $174M $420.60 $20M -300 -0.1%
16 MU 0.87% 138,071 $159M $1,154.29 $102M -32,000 -18.8%
17 JPM 0.82% 461,411 $151M $327.33 $19M +10,900 +2.4%
18 LLY 0.76% 115,868 $139M $1,199.43 $31M -2,000 -1.7%
19 AMD 0.73% 230,717 $134M $580.91 $85M -12,200 -5.0%
20 V 0.56% 300,341 $103M $343.09 $15M +9,000 +3.1%
21 JNJ 0.53% 386,656 $98M $253.97 $5M +5,300 +1.4%
22 AMAT 0.53% 134,482 $97M $723.00 $44M -22,100 -14.1%
23 XONA.DE 0.50% 667,203 $91M $136.72 -$21M +4,400 +0.7%
24 INTC 0.50% 652,423 $91M $139.63 $60M -41,200 -5.9%
25 INDA 0.48% 1,804,110 $89M $49.39 $61M +1,196,200 +196.8%
26 LRCX 0.47% 201,030 $87M $433.33 $35M -40,700 -16.8%
27 VWOB 0.46% 1,250,000 $84M $67.24 $2M — —
28 EMLC 0.43% 3,100,000 $79M $25.56 $1M — —
29 CAT 0.43% 74,116 $79M $1,064.90 $25M -2,300 -3.0%
30 WMT 0.42% 680,366 $77M $113.26 -$6M +15,000 +2.2%
31 MA 0.42% 150,008 $77M $513.60 $3M +1,800 +1.2%
32 CSCO 0.40% 626,147 $74M $117.46 $26M +14,300 +2.3%
33 VCEB 0.38% 1,100,000 $69M $62.76 -$77K — —
34 BAC 0.37% 1,209,724 $69M $56.98 $11M +13,300 +1.1%
35 ABBV 0.37% 270,367 $68M $251.64 $10M +3,700 +1.4%
36 GOOG 0.37% 190,914 $67M $353.33 $13M — —
37 KLAC 0.37% 222,640 $67M $301.71 $22M +191,676 +619.0%
38 XLE 0.35% 1,196,643 $64M $53.11 -$798M -12,870,542 -91.5%
39 HD 0.33% 173,295 $61M $352.68 $12M +23,200 +15.5%
40 UNH 0.33% 146,662 $61M $415.63 $23M +6,600 +4.7%
41 COST 0.33% 63,957 $60M $935.47 -$4M — —
42 GE 0.31% 153,445 $57M $373.73 $8M -20,300 -11.7%
43 KSTR 0.31% 1,740,631 $56M $32.35 $37M +700,000 +67.3%
44 GS 0.30% 55,400 $56M $1,011.37 $9M +200 +0.4%
45 PG 0.29% 368,855 $54M $146.64 -$633K -10,000 -2.6%
46 KO 0.29% 662,576 $54M $81.27 $59K -44,700 -6.3%
47 ECH 0.28% 1,294,477 $51M $39.70 -$78K — —
48 MRK 0.28% 399,574 $51M $128.50 $2M -7,300 -1.8%
49 CVX 0.28% 309,236 $51M $165.76 -$13M +800 +0.3%
50 RY 0.28% 245,329 $51M $207.00 $12M +4,800 +2.0%
51 GEV 0.27% 43,043 $51M $1,174.86 $11M -2,400 -5.3%
52 MS 0.25% 223,312 $47M $209.04 $10M +1,900 +0.9%
53 NFLX 0.25% 641,950 $46M $71.40 -$14M +21,700 +3.5%
54 C 0.25% 325,576 $46M $139.96 $7M -16,300 -4.8%
55 TXN 0.24% 150,741 $45M $298.07 $20M +21,800 +16.9%
56 WFC 0.24% 541,059 $45M $82.64 $2M +2,300 +0.4%
57 PM 0.24% 242,800 $44M $180.91 — +242,800 — NEW
58 PANW 0.22% 118,624 $40M $341.02 $22M +3,448 +3.0%
59 MRVL 0.22% 133,058 $40M $297.89 $26M -530 -0.4%
60 IBM 0.21% 137,458 $39M $281.21 $7M +5,050 +3.8%
61 AXP 0.21% 112,035 $38M $338.25 $4M +1,100 +1.0%
62 PLTR 0.20% 322,300 $38M $116.67 -$16M -43,600 -11.9%
63 LIN 0.20% 72,285 $38M $518.94 -$2M -7,300 -9.2%
64 TD 0.20% 299,998 $36M $121.54 $8M -1,700 -0.6%
65 GLW 0.20% 141,132 $36M $255.43 $14M -21,200 -13.1%
66 WDC 0.19% 55,300 $35M $638.72 $15M -20,800 -27.3%
67 ORCL 0.19% 239,618 $35M $146.55 $2M +15,100 +6.7%
68 APH 0.19% 198,389 $35M $176.32 $7M -20,200 -9.2%
69 EWY 0.19% 169,474 $34M $201.90 $4M -78,597 -31.7%
70 AMGN 0.18% 93,659 $34M $362.12 $434K -1,500 -1.6%
71 EMB 0.18% 350,000 $34M $96.44 $878K — —
72 ADI 0.18% 81,359 $32M $397.17 $6M +200 +0.2%
73 STX 0.17% 33,300 $32M $965.00 $15M -10,800 -24.5%
74 ETN 0.17% 75,075 $32M $426.12 $4M -4,400 -5.5%
75 QCOM 0.17% 171,971 $32M $184.79 $8M -8,800 -4.9%
76 ANET 0.17% 187,050 $32M $169.88 $7M -11,500 -5.8%
77 PEP 0.17% 232,457 $31M $135.40 -$7M -14,100 -5.7%
78 TMO 0.17% 62,217 $31M $501.36 $120K -1,000 -1.6%
79 VZ 0.17% 732,023 $31M $42.34 -$6M -10,086 -1.4%
80 CRWD 0.17% 40,215 $31M $763.14 $15M +580 +1.5%
81 WELL 0.17% 134,476 $31M $226.97 $3M -3,200 -2.3%
82 SCHW 0.16% 327,481 $30M $92.27 $1M +17,300 +5.6%
83 DIS 0.16% 308,894 $30M $96.25 $2M +18,300 +6.3%
84 EBND 0.16% 1,400,000 $29M $20.92 $392K — —
85 DELL 0.16% 67,500 $29M $431.46 $21M +20,000 +42.1%
86 DE 0.16% 45,367 $29M $634.33 $3M -1,200 -2.6%
87 ABT 0.16% 315,052 $29M $90.74 -$1M +23,400 +8.0%
88 BLK 0.15% 29,312 $28M $961.56 $1M +1,400 +5.0%
89 UNP 0.15% 102,049 $28M $272.00 $2M -2,800 -2.7%
90 SPGI 0.15% 67,007 $27M $407.26 -$148K +2,500 +3.9%
91 MCD 0.15% 100,566 $27M $270.31 -$6M -6,800 -6.3%
92 NEE 0.15% 307,793 $27M $87.77 -$3M -18,100 -5.5%
93 GILD 0.14% 208,515 $26M $126.34 -$2M +2,600 +1.3%
94 COP 0.14% 250,052 $26M $103.96 -$10M -25,800 -9.3%
95 PH 0.14% 26,575 $26M $978.12 -$3M -5,900 -18.2%
96 T 0.14% 1,230,860 $25M $20.70 -$11M -17,600 -1.4%
97 PFE 0.14% 1,055,663 $25M $24.08 -$3M +33,600 +3.3%
98 FCX 0.14% 404,167 $25M $62.89 $4M +44,800 +12.5%
99 BA 0.14% 116,700 $25M $216.47 — +116,700 — NEW
100 BMO 0.14% 142,629 $25M $176.68 $6M -700 -0.5%

New Positions

SymbolValue% Port
RSP $569M 3.09%
PM $44M 0.24%
BA $25M 0.14%
MO $21M 0.12%
LMT $19M 0.10%
TER $18M 0.10%
COHR $16M 0.09%
FIX $15M 0.08%
GD $15M 0.08%
FLEX $15M 0.08%
LITE $15M 0.08%
LHX $14M 0.08%
ALAB $14M 0.08%
HONIV $14M 0.07%
HONAV $14M 0.07%

Sold Out Positions

SymbolValue% Port
TGT — —%
UPS — —%
VEEV — —%
PWR — —%
COR — —%
ACM — —%
DB — —%
J — —%
ONON — —%
STN — —%
KMI — —%
TRP — —%
RCI — —%
TRV — —%
OXY — —%
View SEC EDGAR Filings for Varma Mutual Pension Insurance Co →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms