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 3 months ago

Filed May 5, 2026 · 41d

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

+70.5%

SPY

+74.2%

Annualised alpha

-0.9%

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 51–100 of 294 positions by value · page 2 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
EW	Edwards Lifesciences Corp Healthcare	Reduced	115,858	-20,000	$9,277,908	−19.9%	0.10%
OMC	Omnicom Group Inc. Communication Services	Held	125,300	0	$9,436,343	−6.7%	0.10%
PYPL	PayPal Holdings, Inc. Financial Services	Held	209,229	0	$9,463,427	−22.5%	0.10%
KMB	Kimberly Clark Corp Consumer Defensive	Held	99,516	0	$9,600,308	−4.4%	0.10%
CBRE	Cbre Group, Inc. Real Estate	Held	71,000	0	$9,617,660	−15.8%	0.10%
DOC	Healthpeak Properties, Inc. Real Estate	Held	585,700	0	$9,623,051	+2.2%	0.10%
HOOD	Robinhood Markets, Inc. Financial Services	Held	138,900	0	$9,625,770	−38.7%	0.10%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	182,995	-40,000	$9,665,795	−32.0%	0.10%
AU	AngloGold Ashanti PLC Basic Materials	Held	99,500	0	$9,687,320	+14.2%	0.10%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Held	368,626	0	$9,705,922	−6.0%	0.10%
TTWO	Take Two Interactive Software Inc Communication Services	Held	50,400	0	$9,954,000	−22.9%	0.11%
DASH	DoorDash, Inc. Consumer Cyclical	Held	67,400	0	$10,120,110	−33.7%	0.11%
AMCR	Amcor plc Consumer Cyclical	NEW	256,660	NEW	$10,202,235	NEW	0.11%
SYY	Sysco Corp Consumer Defensive	Held	146,707	0	$10,464,610	−3.2%	0.11%
MET	Metlife Inc Financial Services	Held	148,956	0	$10,534,168	−10.4%	0.11%
F	Ford Motor Co Consumer Cyclical	Held	919,072	0	$10,606,090	−12.0%	0.11%
AIG	American International Group, Inc. Financial Services	Held	141,330	0	$10,635,082	−12.0%	0.11%
AZO	Autozone Inc Consumer Cyclical	Held	3,203	0	$10,819,029	−0.4%	0.12%
ABNB	Airbnb, Inc. Consumer Cyclical	Held	86,805	0	$10,961,735	−7.0%	0.12%
WTW	Willis Towers Watson PLC Financial Services	Held	37,900	0	$11,017,530	−11.5%	0.12%
XYL	Xylem Inc. Industrials	Reduced	92,200	-4,000	$11,017,900	−15.9%	0.12%
EBAY	Ebay Inc Consumer Cyclical	Held	121,400	0	$11,049,828	+4.5%	0.12%
CARR	CARRIER GLOBAL Corp Industrials	Added	196,895	+3,000	$11,087,157	+8.2%	0.12%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Added	346,602	+40,000	$11,094,730	−2.2%	0.12%
KHC	Kraft Heinz Co Consumer Defensive	Held	495,900	0	$11,152,791	−7.3%	0.12%
GIS	General Mills Inc Consumer Defensive	Held	303,272	0	$11,287,783	−20.0%	0.12%
APO	Apollo Global Management, Inc. Financial Services	Held	102,301	0	$11,398,377	−23.0%	0.12%
VRSK	Verisk Analytics, Inc. Industrials	Held	60,300	0	$11,441,925	−15.2%	0.12%
BDX	Becton Dickinson & Co Healthcare	Added	72,921	+10,000	$11,465,368	+19.4%	0.12%
ADSK	Autodesk, Inc. Technology	Held	47,895	0	$11,466,063	−19.1%	0.12%
FTNT	Fortinet, Inc. Technology	Held	140,650	0	$11,493,918	+2.9%	0.12%
OTIS	Otis Worldwide Corp Industrials	Held	150,642	0	$11,611,485	−11.8%	0.13%
NXPI	NXP Semiconductors N.V. Technology	Held	59,214	0	$11,656,868	−9.3%	0.13%
CRH	Crh Public Ltd Co Basic Materials	Held	110,900	0	$11,657,808	−15.8%	0.13%
CTAS	Cintas Corp Industrials	Held	69,656	0	$11,781,615	−10.1%	0.13%
WBD	Warner Bros. Discovery, Inc. Communication Services	Held	429,300	0	$11,788,578	−4.7%	0.13%
ADBE	Adobe Inc. Technology	Reduced	48,526	-20,800	$11,795,700	−51.4%	0.13%
UPS	United Parcel Service Inc Industrials	Added	119,970	+11,000	$11,802,648	+9.2%	0.13%
KKR	KKR & Co. Inc. Financial Services	Held	128,327	0	$11,870,247	−27.4%	0.13%
SCCO	Southern Copper Corp/ Basic Materials	Added	69,019	+581	$11,875,409	+21.9%	0.13%
CAH	Cardinal Health Inc Healthcare	Held	56,400	0	$11,917,884	+2.8%	0.13%
YUM	Yum Brands Inc Consumer Cyclical	Held	76,753	0	$11,933,556	+2.8%	0.13%
DD	DuPont de Nemours, Inc. Basic Materials	Held	260,639	0	$11,937,266	+13.9%	0.13%
ELV	Elevance Health, Inc. Healthcare	Added	40,882	+1,000	$11,968,205	−14.4%	0.13%
FISV	Fiserv Inc	Held	216,131	0	$12,060,109	−16.9%	0.13%
NET	Cloudflare, Inc. Technology	Held	58,480	0	$12,066,763	+4.7%	0.13%
TGT	Target Corp Consumer Defensive	Held	100,480	0	$12,178,176	+24.0%	0.13%
AJG	Arthur J. Gallagher & Co. Financial Services	Held	57,550	0	$12,464,179	−16.3%	0.13%
MSI	Motorola Solutions, Inc. Technology	Reduced	28,801	-4,000	$12,498,769	−0.6%	0.13%
IR	Ingersoll Rand Inc. Industrials	Held	156,517	0	$12,540,142	+1.1%	0.14%