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Varma Mutual Pension Insurance Co

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

Q1 2026 · Filed 2026-05-05
Market Value
$15.4B
+11.7%
Holdings
316
-22
New Purchases
14
Added To
43
Closed
4
Reduced
49
Top 10 Concentration
48.2%
Turnover
5.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IGV 10.56% 0.00% +10.56% $1.6B
XLE 5.58% 0.00% +5.58% $862M
KWEB 1.64% 0.00% +1.64% $253M
QQQ 1.50% 0.00% +1.50% $231M
EWZ 0.45% 0.00% +0.45% $69M
EMCS 4.96% 4.55% +0.41% $766M
ASHR 0.36% 0.00% +0.36% $55M
ECH 0.33% 0.00% +0.33% $51M
EWY 0.20% 0.00% +0.20% $31M
XOM 0.73% 0.58% +0.15% $112M
KSTR 0.12% 0.00% +0.12% $19M
KLAC 0.30% 0.22% +0.08% $46M
EBND 0.19% 0.11% +0.08% $29M
CVX 0.41% 0.34% +0.07% $64M
AMAT 0.35% 0.27% +0.07% $54M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 0.00% 5.48% -5.48% $0
RSP 0.00% 2.37% -2.37% $0
MSFT 2.68% 3.99% -1.31% $414M
KLMT 8.77% 10.07% -1.30% $1.4B
NVDA 4.42% 5.42% -1.00% $682M
AAPL 4.01% 4.91% -0.90% $618M
GOOGL 2.87% 3.63% -0.76% $443M
AMZN 2.10% 2.73% -0.62% $324M
FALN 0.00% 0.40% -0.40% $0
LCTU 2.19% 2.58% -0.39% $338M
META 1.41% 1.79% -0.38% $218M
AVGO 1.25% 1.61% -0.36% $192M
TSLA 1.00% 1.32% -0.32% $154M
LLY 0.70% 0.96% -0.25% $108M
JPM 0.86% 1.05% -0.19% $133M

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 56 $5.8B 37.3%
Large Cap 239 $6.3B 40.8%
Mid Cap 11 $731M 4.7%
Small Cap 7 $2.6B 16.7%
Micro Cap 3 $64M 0.4%

Portfolio Analytics

Avg Market Cap
$224.5B
Median Market Cap
$78.5B
Avg P/E
35.3
Median P/E
27.4
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
290
# ETFs / Funds
26

Top Holdings (316 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IGV 10.56% 20,358,901 $1.6B $80.05 +20,358,901 NEW
2 KLMT 8.77% 44,931,497 $1.4B $30.12 -$38M
3 XLE 5.58% 14,067,185 $862M $61.26 +14,067,185 NEW
4 EMCS 4.96% 20,621,177 $766M $37.15 $137M +2,960,916 +16.8%
5 NVDA 4.42% 3,908,266 $682M $174.40 -$67M -107,600 -2.7%
6 AAPL 4.01% 2,436,883 $618M $253.79 -$60M -59,000 -2.4%
7 GOOGL 2.87% 1,542,199 $443M $287.56 -$58M -60,000 -3.7%
8 MSFT 2.68% 1,118,076 $414M $370.17 -$137M -21,600 -1.9%
9 LCTU 2.19% 4,814,000 $338M $70.14 -$19M
10 AMZN 2.10% 1,557,111 $324M $208.27 -$52M -75,000 -4.6%
11 KWEB 1.64% 8,885,966 $253M $28.43 +8,885,966 NEW
12 QQQ 1.50% 400,000 $231M $577.18 +400,000 NEW
13 VCIT 1.45% 2,700,000 $223M $82.75 -$3M
14 META 1.41% 380,894 $218M $572.13 -$30M +5,650 +1.5%
15 AVGO 1.25% 621,930 $192M $309.51 -$30M -21,200 -3.3%
16 TSLA 1.00% 414,023 $154M $371.75 -$28M +10,000 +2.5%
17 JPM 0.86% 450,511 $133M $294.16 -$13M
18 TSM 0.80% 364,600 $123M $337.95 $12M
19 VCLT 0.77% 1,600,000 $120M $74.72 -$2M
20 XOM 0.73% 662,803 $112M $169.66 $33M
21 LLY 0.70% 117,868 $108M $919.77 -$24M -5,000 -4.1%
22 JNJ 0.60% 381,356 $93M $244.44 $15M +5,000 +1.3%
23 V 0.57% 291,341 $88M $302.24 -$14M
24 WMT 0.54% 665,366 $83M $124.28 $8M -2,500 -0.4%
25 VWOB 0.53% 1,250,000 $82M $65.69 -$2M
26 EMLC 0.50% 3,100,000 $78M $25.11 -$2M
27 MA 0.48% 148,208 $74M $499.66 -$11M
28 EWZ 0.45% 1,800,550 $69M $38.39 +1,800,550 NEW
29 VCEB 0.45% 1,100,000 $69M $62.83 -$880K
30 CVX 0.41% 308,436 $64M $206.90 $17M
31 COST 0.41% 63,957 $64M $996.43 $7M -1,500 -2.3%
32 NFLX 0.39% 620,250 $60M $96.15 $357K -12,000 -1.9%
33 BAC 0.38% 1,196,424 $58M $48.75 -$7M
34 ABBV 0.38% 266,667 $58M $217.49 -$2M +5,000 +1.9%
35 MU 0.37% 170,071 $57M $337.84 $9M
36 ASHR 0.36% 1,700,000 $55M $32.64 +1,700,000 NEW
37 GOOG 0.35% 190,914 $55M $286.86 -$5M
38 PG 0.35% 378,855 $55M $144.44 $428K
39 CAT 0.35% 76,416 $54M $708.46 $10M
40 KO 0.35% 707,276 $54M $76.05 $4M
41 PLTR 0.35% 365,900 $54M $146.28 -$6M +32,730 +9.8%
42 AMAT 0.35% 156,582 $54M $341.79 $16M +9,000 +6.1%
43 LRCX 0.33% 241,730 $52M $213.66 $12M +10,000 +4.3%
44 ECH 0.33% 1,294,477 $51M $39.76 +1,294,477 NEW
45 AMD 0.32% 242,917 $49M $203.43 -$3M
46 HD 0.32% 150,095 $49M $328.89 -$4M -5,000 -3.2%
47 GE 0.32% 173,745 $49M $283.77 -$4M
48 MRK 0.32% 406,874 $49M $120.29 $7M +10,000 +2.5%
49 CSCO 0.31% 611,847 $47M $77.59 -$3M -45,000 -6.8%
50 GS 0.30% 55,200 $47M $845.99 -$6M -5,000 -8.3%
51 KLAC 0.30% 30,964 $46M $1,472.41 $16M +6,400 +26.1%
52 WFC 0.28% 538,759 $43M $79.61 -$7M
53 GEV 0.26% 45,443 $40M $872.90 $11M +1,500 +3.4%
54 LIN 0.26% 79,585 $39M $495.76 $6M
55 C 0.25% 341,876 $39M $113.41 -$1M
56 RY 0.25% 240,529 $39M $161.14 -$2M
57 PEP 0.25% 246,557 $38M $155.29 $3M
58 UNH 0.25% 140,062 $38M $270.59 -$6M +7,000 +5.3%
59 VZ 0.24% 742,109 $37M $50.20 $7M
60 MS 0.24% 221,412 $36M $164.57 -$3M
61 COP 0.24% 275,852 $36M $132.00 $11M
62 T 0.23% 1,248,460 $36M $28.99 $5M
63 AXP 0.22% 110,935 $34M $302.48 -$7M
64 AMGN 0.22% 95,159 $33M $351.85 $5M +7,000 +7.9%
65 MCD 0.22% 107,366 $33M $310.79 -$3M -11,000 -9.3%
66 ORCL 0.21% 224,518 $33M $147.11 -$17M -30,000 -11.8%
67 EMB 0.21% 350,000 $33M $93.93 -$822K
68 IBM 0.21% 132,408 $32M $242.39 -$9M -7,000 -5.0%
69 TMO 0.20% 63,217 $31M $491.53 -$6M
70 INTC 0.20% 693,623 $31M $44.13 $5M +5,000 +0.7%
71 EWY 0.20% 248,071 $31M $123.01 +248,071 NEW
72 NEE 0.20% 325,893 $30M $92.88 $4M -5,000 -1.5%
73 ABT 0.19% 291,652 $30M $102.67 -$5M +10,000 +3.5%
74 SCHW 0.19% 310,181 $29M $93.98 -$2M
75 PH 0.19% 32,475 $29M $895.24 $529K
76 EBND 0.19% 1,400,000 $29M $20.64 $14M +700,000 +100.0%
77 PFE 0.19% 1,022,063 $29M $28.08 $5M +60,000 +6.2%
78 GILD 0.19% 205,915 $29M $139.37 $5M +10,000 +5.1%
79 AEM 0.19% 141,252 $29M $202.34 $5M
80 INDA 0.18% 607,910 $28M $46.84 -$4M
81 ETN 0.18% 79,475 $28M $357.67 $3M
82 TD 0.18% 301,698 $28M $93.10 -$385K
83 DIS 0.18% 290,594 $28M $96.38 -$5M
84 CRM 0.18% 148,028 $28M $186.67 -$14M -9,200 -5.8%
85 APH 0.18% 218,589 $28M $126.35 -$2M
86 SPGI 0.18% 64,507 $27M $425.34 -$6M
87 WELL 0.18% 137,676 $27M $197.71 $2M
88 BLK 0.17% 27,912 $27M $961.71 -$3M
89 TJX 0.17% 166,966 $27M $159.70 -$2M -18,000 -9.7%
90 ISRG 0.17% 57,253 $26M $460.99 -$6M
91 DE 0.17% 46,567 $26M $563.30 $5M
92 KURE 0.17% 1,520,129 $26M $17.07 $46K
93 ADI 0.17% 81,159 $26M $318.14 $1M -10,000 -11.0%
94 UNP 0.16% 104,849 $25M $242.62 $9M +33,000 +45.9%
95 TXN 0.16% 128,941 $25M $194.14 $60K -15,000 -10.4%
96 WPM 0.16% 191,258 $25M $130.84 $3M
97 NEM 0.16% 230,556 $25M $108.25 $2M
98 ANET 0.16% 198,550 $24M $122.78 -$2M
99 BMY 0.15% 393,026 $24M $60.65 $5M +40,000 +11.3%
100 PLD 0.15% 179,946 $24M $132.18 $813K

New Positions

SymbolValue% Port
IGV $1.6B 10.56%
XLE $862M 5.58%
KWEB $253M 1.64%
QQQ $231M 1.50%
EWZ $69M 0.45%
ASHR $55M 0.36%
ECH $51M 0.33%
EWY $31M 0.20%
KSTR $19M 0.12%
BABA $8M 0.05%
ONON $5M 0.04%
WAT $3M 0.02%
DECK $3M 0.02%
VSNTV $1M 0.01%

Sold Out Positions

SymbolValue% Port
DXCM —%
RSP —%
FALN —%
VOO —%
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