Varma Mutual Pension Insurance Co

Pension

CIK

1698484

Location

Varma, H9

Portfolio Value

Mid $9,283,142,769

Diversification

Diversified

Filing Date

Global Rank

#318 / 8,232 ▲ 29

Top Industry

Semiconductors 13.6%

3Y Alpha vs SPY

-0.8%

Period ended 2 months ago

Filed May 5, 2026 · 40d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+73.0%

SPY

+76.3%

Annualised alpha

-0.8%

Max drawdown

−19.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

294 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.3%

−0.5 pts

Top 5

26.7%

−3.2 pts

Top 10

36.7%

−2.9 pts

HHI

198

Diversified−31

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.3%	$3,093,744,966	58
Financial Services	13.1%	$1,212,002,261	50
Communication Services	10.1%	$933,668,360	16
Consumer Cyclical	9.4%	$872,837,557	31
Healthcare	8.8%	$814,315,007	34
Industrials	7.5%	$691,770,912	39
Energy	4.9%	$453,061,261	17
Consumer Defensive	4.3%	$400,192,999	14
Basic Materials	2.8%	$264,162,930	14
Unclassified	2.6%	$242,932,109	2
Real Estate	2.3%	$212,499,209	14
Utilities	1.0%	$91,955,198	5

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CP	Canadian Pacific Kansas City Ltd/Cn	+65,000	208,909	$16,432,781
PFE	Pfizer Inc	+60,000	1,022,063	$28,699,529
CNI	Canadian National Railway Co	+45,000	140,446	$14,433,635
CMG	Chipotle Mexican Grill Inc	+40,000	346,602	$11,094,730
BMY	Bristol Myers Squibb Co	+40,000	393,026	$23,837,026
UNP	Union Pacific Corp	+33,000	104,849	$25,438,464
PLTR	Palantir Technologies Inc.	+32,730	365,900	$53,523,852
DOV	DOVER Corp	+25,500	78,688	$16,402,513
MDT	Medtronic plc	+20,000	238,151	$20,635,784
UBER	Uber Technologies, Inc	+15,000	330,317	$23,759,701
ED	Consolidated Edison Inc	+15,000	154,915	$17,533,279
FLUT	Flutter Entertainment plc	+15,000	55,000	$5,607,250
UPS	United Parcel Service Inc	+11,000	119,970	$11,802,648
TSLA	Tesla, Inc.	+10,000	414,023	$153,913,050
MRK	Merck & Co., Inc.	+10,000	406,874	$48,942,873
LRCX	Lam Research Corp	+10,000	241,730	$51,648,031
EXC	Exelon Corp	+10,000	307,315	$15,064,581
GILD	Gilead Sciences, Inc.	+10,000	205,915	$28,698,373
ABT	Abbott Laboratories	+10,000	291,652	$29,943,910
BDX	Becton Dickinson & Co	+10,000	72,921	$11,465,368
PCAR	Paccar Inc	+10,000	146,843	$16,960,366
AMAT	Applied Materials Inc /De	+9,000	156,582	$53,518,161
UNH	Unitedhealth Group Inc	+7,000	140,062	$37,899,376
AMGN	Amgen Inc	+7,000	95,159	$33,481,694
KLAC	Kla Corp	+6,400	30,964	$45,591,703
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−107,600	3,908,266	$681,601,590
HPQ	Hp Inc	−97,950	227,547	$4,371,177
AMZN	Amazon Com Inc	−75,000	1,557,111	$324,299,507
GOOGL	Alphabet Inc.	−60,000	1,542,199	$443,474,744
AAPL	Apple Inc.	−59,000	2,436,883	$618,456,536
CSCO	Cisco Systems, Inc.	−45,000	611,847	$47,473,208
NKE	NIKE, Inc.	−40,000	182,995	$9,665,795
GIB	Cgi Inc	−38,400	89,600	$6,549,760
ORCL	Oracle Corp	−30,000	224,518	$33,028,842
GLW	Corning Inc /Ny	−28,000	162,332	$22,072,282
MRVL	Marvell Technology, Inc.	−25,000	133,588	$13,231,891
MSFT	Microsoft Corp	−21,600	1,118,076	$413,878,192
AVGO	Broadcom Inc.	−21,200	621,930	$192,493,554
ADBE	Adobe Inc.	−20,800	48,526	$11,795,700
DELL	Dell Technologies Inc.	−20,300	47,500	$7,796,175
J	Jacobs Solutions Inc.	−20,000	66,800	$8,502,304
EW	Edwards Lifesciences Corp	−20,000	115,858	$9,277,908
TJX	Tjx Companies Inc /De/	−18,000	166,966	$26,664,470
TXN	Texas Instruments Inc	−15,000	128,941	$25,032,605
BR	Broadridge Financial Solutions, Inc.	−15,000	50,900	$8,270,232
WDAY	Workday, Inc.	−14,830	34,669	$4,504,196
NFLX	Netflix Inc	−12,000	620,250	$59,637,037
MCD	Mcdonalds Corp	−11,000	107,366	$33,368,279
ADI	Analog Devices Inc	−10,000	81,159	$25,819,924
CVS	CVS HEALTH Corp	−10,000	189,073	$13,579,222
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	400,000	$230,872,000
AMCR	Amcor plc	256,660	$10,202,235
BABA	Alibaba Group Holding Ltd	61,605	$7,728,963
ONON	On Holding AG	160,000	$5,443,200
AS	Amer Sports, Inc.	100,000	$3,292,000
WAT	Waters Corp /De/	9,869	$2,938,988
DECK	Deckers Outdoor Corp	25,000	$2,502,250
VSNT	Versant Media Group, Inc.	30,651	$1,134,700
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
DXCM	Dexcom Inc	20,000	$1,327,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

294 positions · $9,283,142,769 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 294 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	3,908,266	-107,600	$681,601,590	−9.0%	7.34%
AAPL	Apple Inc. Technology	Reduced	2,436,883	-59,000	$618,456,536	−8.9%	6.66%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,542,199	-60,000	$443,474,744	−11.6%	4.78%
MSFT	Microsoft Corp Technology	Reduced	1,118,076	-21,600	$413,878,192	−24.9%	4.46%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	1,557,111	-75,000	$324,299,507	−13.9%	3.49%
QQQ	Invesco Qqq Trust, Series 1	NEW	400,000	NEW	$230,872,000	NEW	2.49%
META	Meta Platforms, Inc. Communication Services	Added	380,894	+5,650	$217,920,884	−12.0%	2.35%
AVGO	Broadcom Inc. Technology	Reduced	621,930	-21,200	$192,493,554	−13.5%	2.07%
TSLA	Tesla, Inc. Consumer Cyclical	Added	414,023	+10,000	$153,913,050	−15.3%	1.66%
JPM	Jpmorgan Chase & Co Financial Services	Held	450,511	0	$132,522,315	−8.7%	1.43%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Held	364,600	0	$123,216,570	+11.2%	1.33%
XOM	Exxon Mobil Corp Energy	Held	662,803	0	$112,451,156	+41.0%	1.21%
LLY	ELI LILLY & Co Healthcare	Reduced	117,868	-5,000	$108,411,450	−17.9%	1.17%
JNJ	Johnson & Johnson Healthcare	Added	381,356	+5,000	$93,218,660	+19.7%	1.00%
V	Visa Inc. Financial Services	Held	291,341	0	$88,054,903	−13.8%	0.95%
WMT	Walmart Inc. Consumer Defensive	Reduced	665,366	-2,500	$82,691,686	+11.1%	0.89%
MA	Mastercard Inc Financial Services	Held	148,208	0	$74,053,609	−12.5%	0.80%
CVX	Chevron Corp Energy	Held	308,436	0	$63,815,408	+35.8%	0.69%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	63,957	-1,500	$63,728,673	+12.9%	0.69%
NFLX	Netflix Inc Communication Services	Reduced	620,250	-12,000	$59,637,037	+0.6%	0.64%
BAC	Bank Of America Corp /De/ Financial Services	Held	1,196,424	0	$58,325,670	−11.4%	0.63%
ABBV	AbbVie Inc. Healthcare	Added	266,667	+5,000	$57,997,405	−3.0%	0.62%
MU	Micron Technology Inc Technology	Held	170,071	0	$57,456,786	+18.4%	0.62%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	378,855	0	$54,721,816	+0.8%	0.59%
CAT	Caterpillar Inc Industrials	Held	76,416	0	$54,137,679	+23.7%	0.58%
KO	Coca Cola Co Consumer Defensive	Held	707,276	0	$53,788,339	+8.8%	0.58%
PLTR	Palantir Technologies Inc. Technology	Added	365,900	+32,730	$53,523,852	−9.6%	0.58%
AMAT	Applied Materials Inc /De Technology	Added	156,582	+9,000	$53,518,161	+41.1%	0.58%
LRCX	Lam Research Corp Technology	Added	241,730	+10,000	$51,648,031	+30.2%	0.56%
AMD	Advanced Micro Devices Inc Technology	Held	242,917	0	$49,416,605	−5.0%	0.53%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	150,095	-5,000	$49,364,744	−7.5%	0.53%
GE	General Electric Co Industrials	Held	173,745	0	$49,303,618	−7.9%	0.53%
MRK	Merck & Co., Inc. Healthcare	Added	406,874	+10,000	$48,942,873	+17.2%	0.53%
CSCO	Cisco Systems, Inc. Technology	Reduced	611,847	-45,000	$47,473,208	−6.2%	0.51%
GS	Goldman Sachs Group Inc Financial Services	Reduced	55,200	-5,000	$46,698,648	−11.7%	0.50%
KLAC	Kla Corp Technology	Added	30,964	+6,400	$45,591,703	+52.8%	0.49%
WFC	Wells Fargo & Company/Mn Financial Services	Held	538,759	0	$42,890,603	−14.6%	0.46%
GEV	GE Vernova Inc. Industrials	Added	45,443	+1,500	$39,667,194	+38.1%	0.43%
LIN	Linde PLC Basic Materials	Held	79,585	0	$39,455,059	+16.3%	0.43%
RY	Royal Bank Of Canada Financial Services	Held	240,529	0	$38,912,781	−5.1%	0.42%
C	Citigroup Inc Financial Services	Held	341,876	0	$38,772,157	−2.8%	0.42%
PEP	Pepsico Inc Consumer Defensive	Held	246,557	0	$38,287,836	+8.2%	0.41%
UNH	Unitedhealth Group Inc Healthcare	Added	140,062	+7,000	$37,899,376	−13.7%	0.41%
VZ	Verizon Communications Inc Communication Services	Held	742,109	0	$37,253,871	+23.3%	0.40%
MS	Morgan Stanley Financial Services	Held	221,412	0	$36,437,772	−7.3%	0.39%
COP	Conocophillips Energy	Held	275,852	0	$36,412,464	+41.0%	0.39%
T	At&T Inc. Communication Services	Held	1,248,460	0	$36,192,855	+16.7%	0.39%
AXP	American Express Co Financial Services	Held	110,935	0	$33,555,618	−18.2%	0.36%
AMGN	Amgen Inc Healthcare	Added	95,159	+7,000	$33,481,694	+16.0%	0.36%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	107,366	-11,000	$33,368,279	−7.8%	0.36%