Varma Mutual Pension Insurance Co
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Varma Mutual Pension Insurance Co reported 344 stock positions worth $12.4 billion. Its top holding was Invesco MSCI GL CLM 500 ETF (KLMT) at 12.9% of the portfolio, followed by Nvidia (NVDA, 4.9%) and iShares Expanded Tech-Softwa (IGV, 4.9%). Compared with Q1 2024, it opened 30 new positions, sold out of 41, added to 43 and reduced 259. The biggest buy was a new position in Invesco MSCI GL CLM 500 ETF (KLMT) and the biggest sale Xtrackers Emerg Mark Carb Re (EMCR, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- Varma, H9
- CIK
- 0001698484
- Portfolio Value
- $12.4B (Q2 2024)
- SEC Filing
- 0001140361-24-035877 ↗ filed Aug 6, 2024
Holdings Value
Holdings 344 stocks · $12.4B
| KLMT Invesco MSCI GL CLM 500 ETF | 12.93% | 64,298,247 | $1.6B | New |
| NVDA Nvidia Corp. | 4.91% | 4,945,416 | $611.0M | Add +7.0% |
| IGV iShares Expanded Tech-Softwa | 4.89% | 7,000,000 | $608.3M | Add +1006.9% |
| AAPL Apple Inc. | 4.84% | 2,856,094 | $601.6M | Add +4.7% |
| MSFT Microsoft Corp. | 4.62% | 1,286,876 | $575.2M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 3.01% | 1,934,516 | $373.8M | Reduce -7.4% |
| GOOGL Alphabet Inc. Class A | 2.84% | 1,942,678 | $353.9M | Reduce -8.3% |
| LCTU iShares U.S. Carbon Transiti | 2.30% | 4,814,000 | $286.0M | No change |
| EMB iShares JP Morgan Usd Emergi | 1.89% | 2,656,000 | $235.0M | No change |
| META Meta Platforms Inc. Class A | 1.78% | 438,583 | $221.1M | Reduce -8.6% |
| VCIT Vanguard Int-Term Corporate | 1.73% | 2,700,000 | $215.8M | No change |
| INDA iShares MSCI India ETF | 1.65% | 3,675,921 | $205.0M | Add +386.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.35% | 2,180,000 | $168.5M | No change |
| VWOB Vanguard Emerg MKTS Gov BND | 1.14% | 2,250,000 | $141.5M | No change |
| LLY Eli Lilly & Co. | 1.04% | 143,368 | $129.8M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.93% | 570,111 | $115.3M | Reduce -3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.92% | 656,400 | $114.1M | Add +146.7% |
| AVGO Broadcom Inc. | 0.91% | 70,134 | $112.6M | Reduce -11.0% |
| EMLC Vaneck JPM Em Local Curr BND | 0.78% | 4,100,000 | $97.5M | No change |
| TSLA Tesla Inc. | 0.70% | 440,826 | $87.2M | Reduce -10.6% |
| V Visa Inc. Class A | 0.70% | 331,541 | $87.0M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 0.62% | 176,008 | $77.6M | Reduce -1.3% |
| UNH Unitedhealth Group Inc. | 0.62% | 152,162 | $77.5M | Reduce -3.7% |
| CVX Chevron Corp. | 0.53% | 421,530 | $65.9M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.52% | 392,087 | $64.7M | Reduce -8.4% |
| COST Costco Wholesale Corp. | 0.48% | 70,214 | $59.7M | Reduce -7.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 1,495,524 | $59.5M | Reduce -4.3% |
| MRK Merck & Co. Inc. | 0.48% | 478,174 | $59.2M | Reduce -1.2% |
| BABA Alibaba Group Holding-SP ADR | 0.45% | 781,832 | $56.3M | Add +256.8% |
| ABBV Abbvie Inc. | 0.45% | 327,267 | $56.1M | Reduce -1.7% |
| HD Home Depot Inc. | 0.45% | 161,432 | $55.6M | Reduce -10.4% |
| XOM Exxon Mobil Corp. | 0.41% | 443,304 | $51.0M | Reduce -51.0% |
| WMT Walmart Inc. | 0.39% | 725,305 | $49.1M | Reduce -10.7% |
| NFLX Netflix Inc. | 0.39% | 71,872 | $48.5M | Reduce -11.4% |
| KO The Coca-Cola Co. | 0.37% | 726,130 | $46.2M | Reduce -10.4% |
| EMCR Xtrackers Emerg Mark Carb Re | 0.36% | 1,507,822 | $45.0M | Reduce -91.6% |
| AMD Advanced Micro Devices | 0.36% | 275,954 | $44.8M | Reduce -11.0% |
| WFC Wells Fargo & Co. | 0.35% | 739,059 | $43.9M | Reduce -6.6% |
| ADBE Adobe Inc. | 0.35% | 77,649 | $43.1M | Reduce -8.8% |
| CRM Salesforce Inc. | 0.34% | 166,481 | $42.8M | Reduce -9.0% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 76,517 | $42.3M | Reduce -2.4% |
| PEP Pepsico Inc. | 0.34% | 253,180 | $41.8M | Reduce -8.2% |
| GOOG Alphabet Inc. Class C | 0.33% | 225,385 | $41.3M | Add +40.5% |
| AMAT Applied Materials Inc. | 0.32% | 167,082 | $39.4M | Reduce -9.2% |
| QCOM Qualcomm Inc. | 0.31% | 195,271 | $38.9M | Reduce -10.4% |
| COP Conocophillips | 0.31% | 337,268 | $38.6M | Reduce -0.5% |
| SPGI S&P Global Inc. | 0.31% | 85,507 | $38.1M | Reduce -4.5% |
| GS Goldman Sachs Group Inc. | 0.31% | 84,100 | $38.0M | Add +5.1% |
| LIN Linde PLC | 0.30% | 83,785 | $36.8M | Reduce -12.3% |
| INTU Intuit Inc. | 0.29% | 54,333 | $35.7M | Reduce -7.9% |
| ABT Abbott Laboratories | 0.28% | 340,352 | $35.4M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.28% | 246,982 | $34.9M | Reduce -18.8% |
| ACN Accenture PLC Class A | 0.28% | 113,386 | $34.4M | Reduce -7.9% |
| CSCO Cisco Systems Inc. | 0.27% | 719,160 | $34.2M | Reduce -9.8% |
| AMGN Amgen Inc. | 0.27% | 106,859 | $33.4M | Add +3.3% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 200,108 | $31.8M | Reduce -8.3% |
| LRCX Lam Research Corp. | 0.25% | 29,493 | $31.4M | Reduce -11.7% |
| ISRG Intuitive Surgical Inc. | 0.25% | 70,053 | $31.2M | Reduce -2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 313,244 | $31.1M | Reduce -11.2% |
| DHR Danaher Corp. | 0.25% | 124,126 | $31.0M | Reduce -8.6% |
| NOW ServiceNow Inc. | 0.25% | 39,299 | $30.9M | Reduce -8.0% |
| AXP American Express Co. | 0.25% | 132,435 | $30.7M | Reduce -9.3% |
| TXN Texas Instruments Inc. | 0.25% | 157,053 | $30.6M | Reduce -9.8% |
| VZ Verizon Communications Inc. | 0.24% | 724,709 | $29.9M | Reduce -8.8% |
| C Citigroup Inc. | 0.24% | 461,676 | $29.3M | Reduce -5.4% |
| CAT Caterpillar Inc. | 0.24% | 87,856 | $29.3M | Reduce -12.0% |
| PFE Pfizer Inc. | 0.23% | 1,043,363 | $29.2M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.23% | 397,892 | $28.9M | Add +10.0% |
| MS Morgan Stanley | 0.23% | 295,412 | $28.7M | Reduce -7.3% |
| CMCSA Comcast Corp. Class A | 0.23% | 724,976 | $28.4M | Reduce -10.9% |
| BSX Boston Scientific Corp. | 0.23% | 368,581 | $28.4M | Reduce -6.5% |
| EOG EOG Resources Inc. | 0.22% | 215,892 | $27.2M | Add +11.7% |
| BKNG Booking Holdings Inc. | 0.22% | 6,835 | $27.1M | Reduce -12.7% |
| ENB Enbridge Inc. | 0.22% | 757,861 | $27.0M | Reduce -0.4% |
| BLK BlackRock Finance Inc. | 0.21% | 33,412 | $26.3M | Reduce -4.3% |
| ETN Eaton Corp. PLC | 0.21% | 83,191 | $26.1M | Reduce -13.8% |
| PGR Progressive Corp. | 0.21% | 123,644 | $25.7M | Reduce -7.3% |
| ADI Analog Devices Inc. | 0.20% | 110,759 | $25.3M | Reduce -8.5% |
| MU Micron Technology Inc. | 0.20% | 188,071 | $24.7M | Reduce -14.1% |
| ELV Elevance Health Inc. | 0.20% | 45,482 | $24.6M | Add +4.1% |
| T AT&T Inc. | 0.20% | 1,281,033 | $24.5M | Reduce -9.2% |
| JD Jd.com Inc.-ADR | 0.20% | 946,300 | $24.5M | Add +285.0% |
| BX Blackstone Inc. | 0.20% | 197,300 | $24.4M | Add +12.1% |
| SCHW Schwab (charles) Corp. | 0.19% | 325,381 | $24.0M | Reduce -7.3% |
| SYK Stryker Corp. | 0.19% | 69,510 | $23.7M | Reduce -1.7% |
| MRSH Marsh & McLennan Cos | 0.19% | 111,204 | $23.4M | Reduce -5.2% |
| DE Deere & Co. | 0.19% | 62,415 | $23.3M | Add +11.4% |
| CB Chubb Ltd. | 0.19% | 91,321 | $23.3M | Reduce -5.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 211,483 | $23.3M | Reduce -9.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.19% | 49,426 | $23.2M | Reduce -7.4% |
| NEE Nextera Energy Inc. | 0.18% | 316,993 | $22.4M | Reduce -21.1% |
| PLD Prologis Inc. | 0.18% | 197,446 | $22.2M | Reduce -8.3% |
| UNP Union Pacific Corp. | 0.18% | 97,901 | $22.2M | Reduce -10.6% |
| LOW Lowe's Cos Inc. | 0.18% | 99,599 | $22.0M | Reduce -10.5% |
| FISV Fiserv Inc. | 0.18% | 147,231 | $21.9M | Reduce -6.1% |
| INTC Intel Corp. | 0.18% | 705,723 | $21.9M | Reduce -6.8% |
| MCO Moody's Corp. | 0.18% | 51,866 | $21.8M | Reduce -4.7% |
| REGN Regeneron Pharmaceuticals | 0.17% | 20,088 | $21.1M | Reduce -9.5% |
| TMUS T-Mobile US Inc. | 0.17% | 118,617 | $20.9M | Reduce -8.4% |
| MDT Medtronic PLC | 0.17% | 263,451 | $20.7M | Reduce -2.4% |
Portfolio Sells Q1 2024 → Q2 2024
| EMCR Xtrackers Emerg Mark Carb Re | Reduce -91.6% | 0.36% | −4.05 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −1.10 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.61 |
| XOM Exxon Mobil Corp. | Reduce -51.0% | 0.41% | −0.50 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.36 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.31 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.29 |
| AMZN Amazon.com Inc. | Reduce -7.4% | 3.01% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -8.6% | 1.78% | −0.24 |
| EWC iShares MSCI Canada ETF | Sold out | 0.00% | −0.24 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.23 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.20 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −0.19 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.19 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.19 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.18 |
| CI The Cigna Group | Sold out | 0.00% | −0.18 |
| MSFT Microsoft Corp. | Reduce -2.2% | 4.62% | −0.17 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −0.17 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.16 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.16 |
| TGT Target Corp. | Sold out | 0.00% | −0.16 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.16 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.15 |
| HD Home Depot Inc. | Reduce -10.4% | 0.45% | −0.15 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.14 |
| CRM Salesforce Inc. | Reduce -9.0% | 0.34% | −0.13 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.13 |
| COR Cencora Inc. | Sold out | 0.00% | −0.13 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.13 |
| AMD Advanced Micro Devices | Reduce -11.0% | 0.36% | −0.12 |
| DIS The Walt Disney Co. | Reduce -11.2% | 0.25% | −0.12 |
| SLF Sun Life Financial Inc. | Sold out | 0.00% | −0.12 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 0.62% | −0.12 |
| V Visa Inc. Class A | Reduce -1.9% | 0.70% | −0.12 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.12 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.11 |
| INTC Intel Corp. | Reduce -6.8% | 0.18% | −0.11 |
| GIB Cgi Inc. | Sold out | 0.00% | −0.11 |
| VLO Valero Energy Corp. | Reduce -70.1% | 0.04% | −0.11 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.11 |
| PAYC Paycom Software Inc. | Reduce -52.5% | 0.05% | −0.11 |
| COIN Coinbase Global Inc. Class A | Reduce -80.1% | 0.02% | −0.11 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.11 |
| AGCO Agco Corp. | Reduce -52.4% | 0.06% | −0.10 |
| TAP Molson Coors Beverage Co. Class B | Reduce -52.6% | 0.05% | −0.10 |
| PCTY Paylocity Holding Corp. | Reduce -52.6% | 0.05% | −0.10 |
| LEA Lear Corp. | Reduce -52.4% | 0.05% | −0.10 |
| OSK Oshkosh Corp. | Reduce -52.3% | 0.06% | −0.10 |
Portfolio Buys Q1 2024 → Q2 2024
| KLMT Invesco MSCI GL CLM 500 ETF | New | 12.93% | +12.93 |
| IGV iShares Expanded Tech-Softwa | Add +1006.9% | 4.89% | +4.42 |
| INDA iShares MSCI India ETF | Add +386.7% | 1.65% | +1.31 |
| NVDA Nvidia Corp. | Add +7.0% | 4.91% | +1.30 |
| AAPL Apple Inc. | Add +4.7% | 4.84% | +0.79 |
| TSM Taiwan Semiconductor-SP ADR | Add +146.7% | 0.92% | +0.60 |
| BABA Alibaba Group Holding-SP ADR | Add +256.8% | 0.45% | +0.32 |
| JD Jd.com Inc.-ADR | Add +285.0% | 0.20% | +0.14 |
| EDWARDS LIFESCIENCES CORP | New | 0.13% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +40.5% | 0.33% | +0.12 |
| AMERISOURCEBERGEN CORP | New | 0.11% | +0.11 |
| TRAVELERS COMPANIES INC | New | 0.11% | +0.11 |
| TARGET CORP | New | 0.11% | +0.11 |
| CEG Constellation Energy | New | 0.09% | +0.09 |
| REG Regency Centers Corp. | New | 0.09% | +0.09 |
| QUANTA SVCS INC | New | 0.09% | +0.09 |
| HPQ HP Inc. | New | 0.09% | +0.09 |
| IRM Iron Mountain Inc. | New | 0.08% | +0.08 |
| LLY Eli Lilly & Co. | Add +0.3% | 1.04% | +0.08 |
| IT Gartner Inc. | New | 0.08% | +0.08 |
| VTR Ventas Inc. | New | 0.08% | +0.08 |
| AVY Avery Dennison Corp. | New | 0.08% | +0.08 |
| PEG Public Service Enterprise GP | New | 0.08% | +0.08 |
| OMC Omnicom Group | New | 0.08% | +0.08 |
| CTRA Coterra Energy Inc. | New | 0.08% | +0.08 |
| KEYS Keysight Technologies Inc. | New | 0.08% | +0.08 |
| HUBS HubSpot Inc. | New | 0.07% | +0.07 |
| GWW WW Grainger Inc. | New | 0.07% | +0.07 |
| XYL Xylem Inc. | New | 0.07% | +0.07 |
| FERG Ferguson Jersey Ltd. | New | 0.07% | +0.07 |
| DELL Dell Technologies -C | New | 0.07% | +0.07 |
| SMCI Super Micro Computer Inc. | New | 0.07% | +0.07 |
| DB Deutsche Bank AG-Registered | New | 0.07% | +0.07 |
| MRNA Moderna Inc. | New | 0.06% | +0.06 |
| AMERICAN EAGLE OUTFITTERS IN | New | 0.06% | +0.06 |
| WAB Wabtec Corp. | New | 0.05% | +0.05 |
| VRT Vertiv Holdings Co. Class A | New | 0.02% | +0.02 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +5.1% | 0.31% | +0.02 |
| BKR Baker Hughes Co. | Add +17.3% | 0.12% | +0.02 |
| COO The Cooper Cos Inc. | New | 0.01% | +0.01 |
| AMGN Amgen Inc. | Add +3.3% | 0.27% | +0.01 |
| MRO Marathon Oil Corp. | Add +16.8% | 0.13% | +0.01 |
| HEI.A Heico Corp. Class A | Add +38.3% | 0.03% | +0.01 |
| HUM Humana Inc. | Add +6.7% | 0.08% | +0.01 |
| GEV GE Vernova Inc. | Add +13.7% | 0.09% | +0.00 |
| EOG EOG Resources Inc. | Add +11.7% | 0.22% | +0.00 |
| ARGX Argenx SE - ADR | Add +20.0% | 0.02% | +0.00 |
| QSR Restaurant Brands Intern | Add +25.3% | 0.11% | +0.00 |
| ELV Elevance Health Inc. | Add +4.1% | 0.20% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 313 | $18.9B | KLMN, KLMT, IGV, EMCS, NVDA |
| Q1 2026Amended | 319 | $17.1B | IGV, KLMN, KLMT, XLE, EMCS |
| Q4 2025 | 308 | $16.5B | KLMN, KLMT, VOO, NVDA, AAPL |
| Q3 2025 | 312 | $15.6B | KLMN, KLMT, EMCS, NVDA, AAPL |
| Q2 2025 | 309 | $13.6B | KLMN, KLMT, EMCS, NVDA, MSFT |
| Q1 2025 | 318 | $11.6B | KLMN, KLMT, AAPL, MSFT, NVDA |
| Q4 2024 | 320 | $13.2B | KLMN, KLMT, AAPL, NVDA, EMCS |
| Q3 2024 | 316 | $12.6B | KLMT, IGV, NVDA, AAPL, MSFT |
| Q2 2024 | 344 | $12.4B | KLMT, NVDA, IGV, AAPL, MSFT |
| Q1 2024 | 354 | $11.5B | MSFT, EMCR, AAPL, NVDA, AMZN |