Top Institutional Investors

Varma Mutual Pension Insurance Co — 13F Holdings & Portfolio

CIK 1698484 · latest 13F-HR filed 2026-08-12

Backtest portfolio

Varma Mutual Pension Insurance Co manages $18.87B in 13F-reported U.S. long-equity assets across 313 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are KLMN (13.38%), KLMT (8.22%), IGV (7.32%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 40 new positions and exited 46; 136 existing positions rose in reported value and 73 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$18.87B

Long-equity book

Holdings
313

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+40 / −46 / ↑136 / ↓73

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
KLMN13.4% · +47%KLMT8.2% · 0%IGV7.3% · -25%EMCS5.1% · 0%NVDA4.2% · +0%AAPL3.8% · -1%RSP3.0% · newGOOGL3.0% · -2%MSFT2.3% · -2%AMZN2.2% · +4%LCTU2.0% · 0%QQQ1.5% · -5%AVGO1.3% · +3%META1.1% · -2%TSM0.9% · +2%TSLA0.9% · -0%MU0.8% · -19%JPM0.8% · +2%LLY0.7% · -2%AMD0.7% · -5%V0.5% · +3%JNJ0.5% · +1%AMAT0.5% · -14%XOM0.5% · +1%INTC0.5% · -6%INDA0.5% · +197%LRCX0.5% · -17%VWOB0.4% · 0%EMLC0.4% · 0%CAT0.4% · -3%WMT0.4% · +2%MA0.4% · +1%CSCO0.4% · +2%VCEB0.4% · 0%BAC0.4% · +1%ABBV0.4% · +1%GOOG0.4% · 0%KLAC0.4% · +619%XLE0.3% · -92%HD0.3% · +16%UNH0.3% · +5%COST0.3% · 0%GE0.3% · -12%KSTR0.3% · +67%GS0.3% · +0%PG0.3% · -3%KO0.3% · -6%ECH0.3% · 0%MRK0.3% · -2%CVX0.3% · +0%RY0.3% · +2%GEV0.3% · -5%MS0.2% · +1%NFLX0.2% · +4%C0.2% · -5%TXN0.2% · +17%WFC0.2% · +0%PM0.2% · newRTX0.2% · newPANW0.2% · +3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 52.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 136 →

Top Trims

Show all 73 →

New Positions

Show all 40 →

Exited Positions

Show all 46 →

Varma Mutual Pension Insurance Co Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 INVESCO EXCH TRADED FD TR II KLMN 46138G417 $2.53B 13.38% 82,227,516 SH
2 INVESCO EXCH TRADED FD TR II KLMT 46138G433 $1.55B 8.22% 44,931,497 SH
3 ISHARES TR IGV 464287515 $1.38B 7.32% 15,248,262 SH
4 DBX ETF TR EMCS 233051226 $967.3M 5.13% 20,621,177 SH
5 NVIDIA CORPORATION NVDA 67066G104 $784.5M 4.16% 3,920,566 SH
6 APPLE INC AAPL 037833100 $719.0M 3.81% 2,484,883 SH
7 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $568.9M 3.01% 2,673,800 SH
8 ALPHABET INC GOOGL 02079K305 $561.3M 2.97% 1,570,599 SH
9 MICROSOFT CORP MSFT 594918104 $425.6M 2.26% 1,141,076 SH
10 AMAZON COM INC AMZN 023135106 $410.4M 2.17% 1,721,811 SH
11 BLACKROCK ETF TRUST LCTU 09290C509 $385.9M 2.05% 4,814,000 SH
12 INVESCO QQQ TR QQQ 00461E107 $279.8M 1.48% 380,000 SH
13 BROADCOM INC AVGO 11135F101 $242.5M 1.28% 641,830 SH
14 META PLATFORMS INC META 30303M102 $210.7M 1.12% 374,094 SH
15 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $178.0M 0.94% 372,800 SH
16 TESLA INC TSLA 88160R101 $174.0M 0.92% 413,723 SH
17 MICRON TECHNOLOGY INC MU 595112103 $159.4M 0.84% 138,071 SH
18 JPMORGAN CHASE & CO JPM 46625H100 $151.0M 0.80% 461,411 SH
19 ELI LILLY & CO LLY 532457108 $139.0M 0.74% 115,868 SH
20 ADVANCED MICRO DEVICES INC AMD 007903107 $134.0M 0.71% 230,717 SH
21 VISA INC V 92826C839 $103.0M 0.55% 300,341 SH
22 JOHNSON & JOHNSON JNJ 478160104 $98.2M 0.52% 386,656 SH
23 APPLIED MATLS INC AMAT 038222105 $97.2M 0.52% 134,482 SH
24 EXXON MOBIL CORP XOM 30231G102 $91.2M 0.48% 667,203 SH
25 INTEL CORP INTC 458140100 $91.1M 0.48% 652,423 SH
26 ISHARES TR INDA 46429B598 $89.1M 0.47% 1,804,110 SH
27 LAM RESEARCH CORP LRCX 512807306 $87.1M 0.46% 201,030 SH
28 VANGUARD WHITEHALL FDS VWOB 921946885 $84.0M 0.45% 1,250,000 SH
29 VANECK ETF TRUST EMLC 92189H300 $79.2M 0.42% 3,100,000 SH
30 CATERPILLAR INC CAT 149123101 $78.9M 0.42% 74,116 SH
31 WALMART INC WMT 931142103 $77.1M 0.41% 680,366 SH
32 MASTERCARD INCORPORATED MA 57636Q104 $77.0M 0.41% 150,008 SH
33 CISCO SYS INC CSCO 17275R102 $73.5M 0.39% 626,147 SH
34 VANGUARD WORLD FD VCEB 921910691 $69.0M 0.37% 1,100,000 SH
35 BANK OF AMER CORP BAC 060505104 $68.9M 0.37% 1,209,724 SH
36 ABBVIE INC ABBV 00287Y109 $68.0M 0.36% 270,367 SH
37 ALPHABET INC GOOG 02079K107 $67.5M 0.36% 190,914 SH
38 KLA CORP KLAC 482480100 $67.2M 0.36% 222,640 SH
39 SELECT SECTOR SPDR TR XLE 81369Y506 $63.6M 0.34% 1,196,643 SH
40 HOME DEPOT INC HD 437076102 $61.1M 0.32% 173,295 SH
41 UNITEDHEALTH GROUP INC UNH 91324P102 $61.0M 0.32% 146,662 SH
42 COSTCO WHOLESALE CORPORATION COST 22160K105 $59.8M 0.32% 63,957 SH
43 GE AEROSPACE GE 369604301 $57.3M 0.30% 153,445 SH
44 KRANESHARES TRUST KSTR 500767694 $56.3M 0.30% 1,740,631 SH
45 GOLDMAN SACHS GROUP INC GS 38141G104 $56.0M 0.30% 55,400 SH
46 PROCTER & GAMBLE CO PG 742718109 $54.1M 0.29% 368,855 SH
47 COCA COLA CO KO 191216100 $53.8M 0.29% 662,576 SH
48 ISHARES INC ECH 464286640 $51.4M 0.27% 1,294,477 SH
49 MERCK & CO INC MRK 58933Y105 $51.3M 0.27% 399,574 SH
50 CHEVRON CORPORATION CVX 166764100 $51.3M 0.27% 309,236 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $18.87B 313 0001140361-26-032435
2026-03-31 2026-05-05 $16.98B 319 0001140361-26-019052
2026-03-31 2026-08-13 $17.05B 319 0001140361-26-032746
2025-12-31 2026-02-02 $16.54B 308 0001140361-26-003200
Filer Information
Address
SALMISAARENRANTA 11
HELSINKI 00180
Phone
358-50-910-1690
Filing Manager
Varma Mutual Pension Insurance Co
Varma, H9
Signatory
Kaj Blomster
Chief Risk Officer