Varma Mutual Pension Insurance Co
PensionFiling 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 SPYHypothetical 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, 2025Top 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 |
|---|---|---|
| Technology | 33.3% | $3,093,744,966 |
| Financial Services | 13.1% | $1,212,002,261 |
| Communication Services | 10.1% | $933,668,360 |
| Consumer Cyclical | 9.4% | $872,837,557 |
| Healthcare | 8.8% | $814,315,007 |
| Industrials | 7.5% | $691,770,912 |
| Energy | 4.9% | $453,061,261 |
| Consumer Defensive | 4.3% | $400,192,999 |
| Basic Materials | 2.8% | $264,162,930 |
| Unclassified | 2.6% | $242,932,109 |
| Real Estate | 2.3% | $212,499,209 |
| Utilities | 1.0% | $91,955,198 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
14 positions ·
$264,162,930 total
· Basic Materials only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LIN |
Linde PLC
Basic Materials
|
Held | 79,585 | $39,455,059 | 14.94% | |
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
Held | 141,252 | $28,671,330 | 10.85% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Held | 191,258 | $25,056,710 | 9.49% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Held | 230,556 | $24,957,687 | 9.45% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Held | 359,367 | $21,123,592 | 8.00% | |
| ECL |
Ecolab Inc.
Basic Materials
|
Held | 68,940 | $18,339,418 | 6.94% | |
| FNV |
FRANCO NEVADA Corp
Basic Materials
|
Held | 68,600 | $16,947,630 | 6.42% | |
| CTVA |
Corteva, Inc.
Basic Materials
|
Held | 192,276 | $16,095,423 | 6.09% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Held | 134,286 | $14,352,487 | 5.43% | |
| SHW |
Sherwin Williams Co
Basic Materials
|
Held | 43,693 | $14,005,791 | 5.30% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Held | 260,639 | $11,937,266 | 4.52% | |
| SCCO |
Southern Copper Corp/
Basic Materials
|
Added | 69,019 | $11,875,409 | 4.50% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Held | 110,900 | $11,657,808 | 4.41% | |
| AU |
AngloGold Ashanti PLC
Basic Materials
|
Held | 99,500 | $9,687,320 | 3.67% |