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Varma Mutual Pension Insurance Co

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

Q2 2025 · Filed 2025-08-07
Market Value
$10.9B
+13.5%
Holdings
332
+10
New Purchases
18
Added To
160
Closed
28
Reduced
112
Top 10 Concentration
45.8%
Turnover
13.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EMCS 6.87% 1.75% +5.12% $751M
NVDA 5.36% 3.94% +1.42% $586M
MSFT 4.77% 4.03% +0.74% $522M
AMZN 3.04% 2.40% +0.64% $332M
META 2.34% 1.75% +0.59% $256M
INDA 0.54% 0.00% +0.54% $59M
AVGO 1.47% 0.98% +0.49% $161M
GOOGL 2.39% 2.02% +0.37% $261M
IWM 0.28% 0.00% +0.28% $31M
AMD 0.31% 0.17% +0.14% $34M
NFLX 0.69% 0.57% +0.12% $76M
TSM 0.76% 0.64% +0.11% $83M
SRE 0.11% 0.00% +0.11% $12M
SPOT 0.11% 0.00% +0.11% $12M
PLTR 0.36% 0.25% +0.11% $39M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IGV 0.00% 2.29% -2.29% $0
JNK 0.00% 1.09% -1.09% $0
AAPL 4.37% 5.16% -0.79% $478M
VWOB 0.75% 1.37% -0.62% $82M
ASHR 0.00% 0.55% -0.55% $0
EMB 0.17% 0.66% -0.49% $19M
KLMT 11.69% 12.02% -0.32% $1.3B
EMLC 0.72% 1.02% -0.30% $79M
UNH 0.36% 0.65% -0.30% $39M
BABA 0.00% 0.29% -0.29% $0
VCIT 2.05% 2.29% -0.24% $224M
ALV 0.12% 0.30% -0.18% $13M
LLY 0.78% 0.93% -0.15% $85M
VCLT 1.11% 1.26% -0.15% $121M
XOM 0.59% 0.73% -0.14% $65M

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 55 $4.6B 42.0%
Large Cap 259 $3.4B 31.4%
Mid Cap 12 $386M 3.5%
Small Cap 5 $2.5B 22.7%
Micro Cap 1 $45M 0.4%

Portfolio Analytics

Avg Market Cap
$211.1B
Median Market Cap
$72.8B
Avg P/E
33.9
Median P/E
25.8
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
314
# ETFs / Funds
18

Top Holdings (332 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KLMT 11.69% 44,931,497 $1.3B $28.47 $122M
2 EMCS 6.87% 24,060,680 $751M $31.22 $583M +18,060,680 +301.0%
3 NVDA 5.36% 3,707,266 $586M $157.99 $206M +206,800 +5.9%
4 MSFT 4.77% 1,049,476 $522M $497.41 $134M +15,800 +1.5%
5 AAPL 4.37% 2,329,683 $478M $205.17 -$19M +92,400 +4.1%
6 AMZN 3.04% 1,513,611 $332M $219.39 $101M +299,500 +24.7%
7 LCTU 2.96% 4,814,000 $324M $67.27 $32M
8 GOOGL 2.39% 1,481,599 $261M $176.23 $67M +225,500 +17.9%
9 META 2.34% 346,344 $256M $738.09 $88M +54,650 +18.7%
10 VCIT 2.05% 2,700,000 $224M $82.92 $3M
11 AVGO 1.47% 582,830 $161M $275.65 $66M +17,800 +3.1%
12 VCLT 1.11% 1,600,000 $121M $75.90 -$16K
13 TSLA 1.02% 352,223 $112M $317.66 $20M -2,100 -0.6%
14 JPM 0.98% 371,511 $108M $289.91 $15M -6,600 -1.8%
15 LLY 0.78% 109,268 $85M $779.53 -$5M +400 +0.4%
16 V 0.78% 239,741 $85M $355.05 $3M +6,200 +2.6%
17 TSM 0.76% 364,600 $83M $226.49 $21M -7,800 -2.1%
18 VWOB 0.75% 1,250,000 $82M $65.35 -$50M -800,000 -39.0%
19 EMLC 0.72% 3,100,000 $79M $25.35 -$19M -1,000,000 -24.4%
20 NFLX 0.69% 56,575 $76M $1,339.13 $21M -2,400 -4.1%
21 VCEB 0.64% 1,100,000 $70M $63.40 $528K
22 MA 0.60% 116,208 $65M $561.94 $1M -400 -0.3%
23 XOM 0.59% 603,403 $65M $107.80 -$5M +11,300 +1.9%
24 WMT 0.55% 618,466 $60M $97.78 $7M +13,300 +2.2%
25 INDA 0.54% 1,051,640 $59M $55.68 +1,051,640 NEW
26 COST 0.52% 57,957 $57M $989.94 $3M
27 FALN 0.50% 2,000,000 $54M $27.14 $700K
28 PG 0.49% 334,655 $53M $159.32 -$3M +1,600 +0.5%
29 JNJ 0.49% 347,356 $53M $152.75 -$6M -9,400 -2.6%
30 HD 0.47% 140,395 $51M $366.64 $497K +1,300 +0.9%
31 ORCL 0.45% 227,218 $50M $218.63 $8M -69,900 -23.5%
32 BAC 0.43% 993,324 $47M $47.32 $7M +31,700 +3.3%
33 KURE 0.41% 2,682,129 $45M $16.92 $4M
34 ABBV 0.41% 242,267 $45M $185.62 -$7M -3,900 -1.6%
35 KO 0.39% 604,576 $43M $70.75 -$863K -4,700 -0.8%
36 CSCO 0.38% 595,947 $41M $69.38 $10M +92,800 +18.4%
37 PLTR 0.36% 288,800 $39M $136.32 $15M +3,700 +1.3%
38 UNH 0.36% 125,662 $39M $311.97 -$24M +5,400 +4.5%
39 CRM 0.36% 142,828 $39M $272.69 $2M +6,000 +4.4%
40 GE 0.36% 151,008 $39M $257.39 $6M -13,000 -7.9%
41 IBM 0.34% 127,358 $38M $294.78 $5M -4,900 -3.7%
42 ABT 0.33% 267,252 $36M $136.01 $2M +8,700 +3.4%
43 WFC 0.32% 441,159 $35M $80.12 $2M -23,700 -5.1%
44 LIN 0.32% 73,785 $35M $469.18 $1M +2,500 +3.5%
45 AMD 0.31% 238,317 $34M $141.90 $18M +81,300 +51.8%
46 CVX 0.30% 232,830 $33M $143.19 -$7M -9,400 -3.9%
47 INTU 0.30% 41,458 $33M $787.63 $9M +2,500 +6.4%
48 DIS 0.30% 261,794 $32M $124.01 $5M -15,050 -5.4%
49 T 0.29% 1,099,260 $32M $28.94 -$821K -54,700 -4.7%
50 GS 0.29% 44,800 $32M $707.75 $6M -2,700 -5.7%
51 NOW 0.29% 30,783 $32M $1,028.08 $7M -700 -2.2%
52 PEP 0.29% 236,157 $31M $132.04 -$824K +22,700 +10.6%
53 MCD 0.28% 106,466 $31M $292.17 -$3M -3,100 -2.8%
54 IWM 0.28% 141,987 $31M $215.79 +141,987 NEW
55 AXP 0.27% 93,135 $30M $318.98 $7M +9,700 +11.6%
56 GOOG 0.27% 165,950 $29M $177.39 $3M -5,850 -3.4%
57 MRK 0.27% 369,674 $29M $79.16 -$5M -12,400 -3.2%
58 ISRG 0.27% 53,453 $29M $543.41 $3M +1,200 +2.3%
59 BSX 0.26% 268,181 $29M $107.41 $652K -10,900 -3.9%
60 RY 0.26% 218,929 $29M $131.53 $4M -3,600 -1.6%
61 BKNG 0.26% 4,924 $29M $5,789.24 $5M -100 -2.0%
62 ACN 0.26% 93,586 $28M $298.89 $3M +13,700 +17.1%
63 QCOM 0.25% 172,871 $28M $159.26 $2M +7,600 +4.6%
64 VZ 0.25% 633,809 $27M $43.27 $5M +135,400 +27.2%
65 SPGI 0.25% 52,007 $27M $527.29 -$272K -2,500 -4.6%
66 TXN 0.25% 131,741 $27M $207.62 $7M +21,000 +19.0%
67 CAT 0.25% 69,356 $27M $388.21 $357K -11,200 -13.9%
68 AMAT 0.25% 146,482 $27M $183.07 $8M +18,600 +14.5%
69 MS 0.23% 175,112 $25M $140.86 $3M -8,900 -4.8%
70 TMO 0.23% 60,717 $25M $405.46 -$6M -400 -0.7%
71 UBER 0.22% 261,792 $24M $93.30 $4M -13,800 -5.0%
72 ADBE 0.22% 61,826 $24M $386.88 $4M +10,500 +20.5%
73 ETN 0.22% 66,925 $24M $356.99 $6M +2,000 +3.1%
74 C 0.22% 280,376 $24M $85.12 $3M -18,600 -6.2%
75 LRCX 0.21% 238,030 $23M $97.34 $5M -16,300 -6.4%
76 COP 0.21% 256,352 $23M $89.74 $2M +58,200 +29.4%
77 AMGN 0.21% 81,959 $23M $279.21 -$4M -3,700 -4.3%
78 BLK 0.20% 21,312 $22M $1,049.25 $2M -500 -2.3%
79 SCHW 0.20% 237,581 $22M $91.24 $4M +8,500 +3.7%
80 NEE 0.20% 310,593 $22M $69.42 $876K +18,800 +6.4%
81 COF 0.20% 101,282 $22M $212.76 $9M +31,246 +44.6%
82 PGR 0.20% 80,644 $22M $266.86 -$1M
83 ADI 0.20% 89,659 $21M $238.02 $2M -4,300 -4.6%
84 FCX 0.19% 491,767 $21M $43.35 $5M +67,700 +16.0%
85 PFE 0.19% 878,063 $21M $24.24 -$591K +14,800 +1.7%
86 PANW 0.19% 103,776 $21M $204.64 $4M +3,100 +3.1%
87 KLAC 0.19% 23,664 $21M $895.74 $11M +8,300 +54.0%
88 GILD 0.19% 187,815 $21M $110.87 -$1M -7,200 -3.7%
89 SHOP 0.19% 180,158 $21M $115.10 $4M -200 -0.1%
90 GEV 0.19% 39,143 $21M $529.15 $8M -3,600 -8.4%
91 MU 0.19% 165,471 $20M $123.25 $7M +7,900 +5.0%
92 CMCSA 0.18% 563,894 $20M $35.69 $3M +88,800 +18.7%
93 DE 0.18% 39,207 $20M $508.49 -$859K -5,100 -11.5%
94 TD 0.18% 271,198 $20M $73.40 $3M -18,800 -6.5%
95 MMC 0.18% 90,704 $20M $218.64 -$4M -6,000 -6.2%
96 TJX 0.18% 159,266 $20M $123.49 -$620K -7,300 -4.4%
97 ADP 0.18% 63,453 $20M $308.40 $732K +1,800 +2.9%
98 SYK 0.18% 49,110 $19M $395.63 $2M +1,600 +3.4%
99 WELL 0.18% 125,976 $19M $153.73 $1M +8,200 +7.0%
100 APH 0.17% 193,139 $19M $98.75 $4M -34,800 -15.3%

New Positions

SymbolValue% Port
INDA $59M 0.54%
IWM $31M 0.28%
SRE $12M 0.11%
SPOT $12M 0.11%
RCI $12M 0.11%
SPY $12M 0.11%
HOOD $12M 0.11%
NET $11M 0.10%
ACM $9M 0.09%
CCI $9M 0.08%
AWK $9M 0.08%
WTW $9M 0.08%
CAG $8M 0.08%
DB $8M 0.07%
CCEP $7M 0.06%

Sold Out Positions

SymbolValue% Port
PSX —%
ZBH —%
QSR —%
HAL —%
EIX —%
GRMN —%
HSY —%
PCG —%
FERG —%
DHI —%
ES —%
DOC —%
LEN —%
OMC —%
NUE —%
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