Varma Mutual Pension Insurance Co

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Varma Mutual Pension Insurance Co reported 320 stock positions worth $13.2 billion. Its top holding was Invesco MSCI N Amr Climt ETF (KLMN) at 17.7% of the portfolio, followed by Invesco MSCI GL CLM 500 ETF (KLMT, 12.7%) and Apple (AAPL, 3.9%). Compared with Q3 2024, it opened 37 new positions, sold out of 32, added to 36 and reduced 237. The biggest buy was a new position in Invesco MSCI N Amr Climt ETF (KLMN) and the biggest sale iShares Expanded Tech-Softwa (IGV, shares −86%).

Most Recent 13F
Q2 2026
Location
Varma, H9
CIK
0001698484
Portfolio Value
$13.2B (Q4 2024)
SEC Filing
0001140361-25-003517 ↗ filed Feb 7, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $11.5B Q1 2024 Q2 2024: $12.4B Q2 2024 Q3 2024: $12.6B Q3 2024 Q4 2024: $13.2B $13.2B Q4 2024 Q1 2025: $11.6B Q1 2025 Q2 2025: $13.6B Q2 2025 Q3 2025: $15.6B Q3 2025 Q4 2025: $16.5B Q4 2025 Q1 2026: $17.1B Q1 2026 Q2 2026: $18.9B Q2 2026

Holdings 320 stocks · $13.2B

KLMN Invesco MSCI N Amr Climt ETF 17.68% 96,708,594 $2.3B New
KLMT Invesco MSCI GL CLM 500 ETF 12.73% 64,298,247 $1.7B No change
AAPL Apple Inc. 3.94% 2,071,383 $518.7M Reduce -9.4%
NVDA Nvidia Corp. 3.48% 3,412,266 $458.2M Reduce -28.4%
EMCS Xtracke MSCI Emer Ms ETF-Usd 3.18% 16,000,000 $418.4M New
MSFT Microsoft Corp. 3.15% 983,776 $414.7M Reduce -11.1%
LCTU iShares U.S. Carbon Transiti 2.34% 4,814,000 $308.3M No change
AMZN Amazon.com Inc. 2.21% 1,325,416 $290.8M Reduce -22.3%
GOOGL Alphabet Inc. Class A 1.94% 1,345,699 $254.7M Reduce -19.7%
VCIT Vanguard Int-Term Corporate 1.65% 2,700,000 $216.7M No change
META Meta Platforms Inc. Class A 1.34% 301,094 $176.3M Reduce -5.5%
TSLA Tesla Inc. 1.25% 407,026 $164.4M Reduce -17.2%
AVGO Broadcom Inc. 1.14% 649,230 $150.5M Reduce -3.3%
VWOB Vanguard Emerg MKTS Gov BND 0.98% 2,050,000 $129.5M No change
VCLT Vanguard Long-Term Corp. Bond 0.91% 1,600,000 $119.6M New
IGV iShares Expanded Tech-Softwa 0.77% 1,016,162 $101.7M Reduce -86.1%
JPM JPMorgan Chase & Co. 0.77% 420,711 $100.8M Reduce -22.8%
EMLC Vaneck JPM Em Local Curr BND 0.72% 4,100,000 $94.8M No change
LLY Eli Lilly & Co. 0.71% 120,468 $93.0M Reduce -20.4%
V Visa Inc. Class A 0.62% 257,741 $81.5M Reduce -18.7%
TSM Taiwan Semiconductor-SP ADR 0.56% 372,400 $73.5M Reduce -43.3%
XOM Exxon Mobil Corp. 0.53% 644,203 $69.3M Reduce -26.7%
VCEB Vanguard ESG US Corp. Bond 0.52% 1,100,000 $68.2M New
UNH Unitedhealth Group Inc. 0.52% 134,662 $68.1M Reduce -17.8%
MA Mastercard Inc. Class A 0.51% 128,308 $67.6M Reduce -23.7%
PG The Procter & Gamble Co. 0.46% 358,806 $60.2M Reduce -25.5%
HD Home Depot Inc. 0.45% 151,632 $59.0M Reduce -13.6%
NFLX Netflix Inc. 0.45% 66,075 $58.9M Reduce -15.7%
WMT Walmart Inc. 0.45% 651,609 $58.9M Reduce -29.3%
COST Costco Wholesale Corp. 0.43% 62,444 $57.2M Reduce -29.1%
ORCL Oracle Corp. 0.43% 340,318 $56.7M Reduce -2.7%
JNJ Johnson & Johnson 0.39% 359,056 $51.9M Reduce -16.2%
CRM Salesforce Inc. 0.39% 154,528 $51.7M Reduce -9.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.35% 1,061,224 $46.6M Reduce -25.8%
ABBV Abbvie Inc. 0.35% 259,467 $46.1M Reduce -23.0%
NOW ServiceNow Inc. 0.33% 41,083 $43.6M Reduce -4.0%
MRK Merck & Co. Inc. 0.32% 425,174 $42.3M Reduce -15.4%
KO The Coca-Cola Co. 0.32% 677,843 $42.2M Reduce -28.0%
ADBE Adobe Inc. 0.30% 89,426 $39.8M Reduce -32.9%
CVX Chevron Corp. 0.29% 263,530 $38.2M Reduce -26.0%
GOOG Alphabet Inc. Class C 0.29% 198,000 $37.7M No change
TMO Thermo Fisher Scientific Inc. 0.28% 71,117 $37.0M Reduce -15.6%
WFC Wells Fargo & Co. 0.27% 511,859 $36.0M Reduce -27.6%
PEP Pepsico Inc. 0.27% 230,095 $35.0M Reduce -27.7%
MCD McDonald's Corp. 0.26% 117,172 $34.0M Reduce -25.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 299,744 $33.4M Reduce -6.1%
CSCO Cisco Systems Inc. 0.24% 537,647 $31.8M Reduce -3.7%
LIN Linde PLC 0.24% 75,885 $31.8M Reduce -4.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 143,358 $31.5M Reduce -4.8%
CAT Caterpillar Inc. 0.23% 84,356 $30.6M Reduce -13.5%
ISRG Intuitive Surgical Inc. 0.23% 58,053 $30.3M Reduce -19.5%
ACN Accenture PLC Class A 0.23% 85,786 $30.2M Reduce -7.4%
SPGI S&P Global Inc. 0.23% 60,207 $30.0M Reduce -26.3%
GS Goldman Sachs Group Inc. 0.23% 52,300 $29.9M Reduce -34.0%
AMD Advanced Micro Devices 0.23% 247,917 $29.9M Reduce -2.4%
RY Royal Bank of Canada 0.23% 248,029 $29.9M Reduce -25.2%
ABT Abbott Laboratories 0.22% 258,152 $29.2M Reduce -19.6%
GE General Electric filed as GE AEROSPACE 0.22% 173,508 $28.9M Reduce -14.9%
T AT&T Inc. 0.22% 1,253,860 $28.6M Reduce -22.2%
QCOM Qualcomm Inc. 0.21% 178,871 $27.5M Add +0.2%
BSX Boston Scientific Corp. 0.21% 307,481 $27.5M Reduce -18.9%
AXP American Express Co. 0.21% 91,835 $27.3M Reduce -27.5%
VZ Verizon Communications Inc. 0.20% 675,009 $27.0M Reduce -8.7%
EMB iShares JP Morgan Usd Emergi 0.20% 300,000 $26.7M Reduce -85.0%
BKNG Booking Holdings Inc. 0.20% 5,335 $26.5M Reduce -27.3%
INTU Intuit Inc. 0.20% 42,058 $26.4M Reduce -7.7%
AMGN Amgen Inc. 0.19% 98,459 $25.7M Reduce -14.3%
MS Morgan Stanley 0.19% 202,712 $25.5M Reduce -28.3%
ETN Eaton Corp. PLC 0.19% 75,391 $25.0M Reduce -18.9%
BLK BlackRock Inc. 0.19% 24,012 $24.6M New
DHR Danaher Corp. 0.18% 103,426 $23.7M Reduce -22.3%
CMCSA Comcast Corp. Class A 0.18% 623,594 $23.4M Reduce -11.3%
PLTR Palantir Technologies Inc. Class A 0.18% 308,500 $23.3M New
C Citigroup Inc. 0.18% 329,376 $23.2M Reduce -25.4%
UNP Union Pacific Corp. 0.17% 100,701 $23.0M Reduce -8.4%
PFE Pfizer Inc. 0.17% 864,563 $22.9M Reduce -18.2%
MRSH Marsh & McLennan Cos 0.17% 107,304 $22.8M Add +0.8%
TXN Texas Instruments Inc. 0.17% 118,741 $22.3M Add +18.7%
AMAT Applied Materials Inc. 0.17% 136,782 $22.2M Add +3.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 180,683 $21.8M Reduce -27.7%
ADI Analog Devices Inc. 0.16% 101,859 $21.6M Reduce -1.0%
LOW Lowe's Cos Inc. 0.16% 87,599 $21.6M Reduce -19.0%
COP Conocophillips 0.16% 217,252 $21.5M Reduce -23.7%
BX Blackstone Inc. 0.16% 124,000 $21.4M Reduce -37.1%
PGR Progressive Corp. 0.16% 89,044 $21.3M Reduce -24.6%
NEE Nextera Energy Inc. 0.16% 294,793 $21.1M Reduce -1.2%
SHOP Shopify Inc. Class A 0.16% 192,658 $20.5M Reduce -17.3%
BABA Alibaba Group Holding-SP ADR 0.15% 240,400 $20.4M Add +12.7%
FISV Fiserv Inc. 0.15% 98,531 $20.2M Reduce -30.0%
GILD Gilead Sciences Inc. 0.15% 217,015 $20.0M Reduce -20.6%
ANET Arista Networks Inc. 0.15% 181,000 $20.0M Reduce -5.1%
PLD Prologis Inc. 0.15% 188,046 $19.9M Add +0.9%
PANW Palo Alto Networks Inc. 0.15% 109,176 $19.9M Reduce -4.8%
LRCX Lam Research Corp. 0.15% 274,730 $19.8M New
PH Parker Hannifin Corp. 0.15% 31,137 $19.8M Reduce -21.3%
UBER Uber Technologies Inc. 0.15% 326,292 $19.7M Reduce -8.6%
ENB Enbridge Inc. 0.15% 456,861 $19.4M Reduce -28.7%
BMY Bristol-Myers Squibb Co. 0.15% 341,926 $19.3M Reduce -23.5%
TMUS T-Mobile US Inc. 0.15% 86,517 $19.1M Reduce -38.6%
VRTX Vertex Pharmaceuticals Inc. 0.14% 46,826 $18.9M Reduce -16.3%
SYK Stryker Corp. 0.14% 52,210 $18.8M Reduce -21.5%
SCHW Schwab (charles) Corp. 0.14% 252,981 $18.7M Reduce -18.6%
SBUX Starbucks Corp. 0.14% 202,410 $18.5M Reduce -23.9%
CB Chubb Ltd. 0.14% 65,721 $18.2M Reduce -24.7%
MRVL Marvell Technology Inc. 0.13% 157,878 $17.4M Reduce -4.5%
TT Trane Technologies PLC 0.13% 47,211 $17.4M Reduce -18.8%
EQIX Equinix Inc. 0.13% 18,453 $17.4M Reduce -6.6%
FCX Freeport-McMoran Inc. 0.13% 452,567 $17.2M Add +18.0%
APH Amphenol Corp. Class A 0.13% 247,539 $17.2M Reduce -4.9%
TD Toronto-Dominion Bank 0.13% 322,998 $17.2M Reduce -24.1%
HLT Hilton Worldwide Holdings Inc. 0.13% 68,636 $17.0M Reduce -27.3%
MDLZ Mondelez International Inc. Class A 0.13% 283,452 $16.9M Reduce -21.8%
BN Brookfield Corp. 0.13% 294,213 $16.9M Reduce -27.5%
MCO Moody's Corp. 0.13% 35,466 $16.8M Reduce -28.3%
MDT Medtronic PLC 0.13% 207,451 $16.6M Reduce -17.6%
KKR KKR & Co. Inc. 0.12% 111,127 $16.4M Reduce -31.4%
WELL Welltower Inc. 0.12% 130,276 $16.4M Add +4.4%
AMT American Tower Corp. 0.12% 88,906 $16.3M Add +1.9%
ADP Automatic Data Processing 0.12% 55,553 $16.3M Reduce -10.0%
CL Colgate-Palmolive Co. 0.12% 176,833 $16.1M Reduce -22.7%
MCK McKesson Corp. 0.12% 28,153 $16.0M Reduce -18.8%
WM Waste Management Inc. 0.12% 79,259 $16.0M Reduce -16.7%
INDA iShares MSCI India ETF 0.12% 300,000 $15.8M Reduce -91.8%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.12% 162,729 $15.8M Reduce -23.0%
CME Cme Group Inc. 0.12% 67,896 $15.8M Reduce -18.1%
GEV GE Vernova Inc. 0.12% 47,643 $15.7M Reduce -30.8%
EOG EOG Resources Inc. 0.12% 127,492 $15.6M Reduce -31.0%
TDG Transdigm Group Inc. 0.12% 12,320 $15.6M Add +14.9%
ADSK Autodesk Inc. 0.12% 52,495 $15.5M Reduce -12.9%
ICE Intercontinental Exchange Inc. 0.12% 104,101 $15.5M Reduce -26.4%
CMG Chipotle Mexican Grill Inc. 0.12% 257,100 $15.5M Reduce -45.0%
NKE Nike Inc. Class B 0.12% 204,527 $15.5M Add +18.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.12% 286,656 $15.4M Reduce -27.8%
MAR Marriott International Class A 0.11% 53,756 $15.0M Reduce -9.7%
TEL Te Connectivity PLC 0.11% 103,945 $14.9M Add +104.8%
CDNS Cadence Design SYS Inc. 0.11% 49,349 $14.8M Reduce -7.3%
BDX Becton Dickinson and Co. 0.11% 65,121 $14.8M Reduce -4.4%
PYPL PayPal Holdings Inc. 0.11% 171,829 $14.7M Reduce -31.8%
MU Micron Technology Inc. 0.11% 170,571 $14.4M Reduce -0.6%
PCAR Paccar Inc. 0.11% 137,983 $14.4M Reduce -18.5%
SNPS Synopsys Inc. 0.11% 29,565 $14.3M Reduce -5.7%
ECL Ecolab Inc. 0.11% 61,140 $14.3M Reduce -1.8%
SPG Simon Property Group Inc. 0.11% 82,849 $14.3M Reduce -8.0%
EMR Emerson Electric Co. 0.11% 114,305 $14.2M Reduce -3.3%
DOV Dover Corp. 0.11% 75,206 $14.1M Reduce -14.7%
CRWD CrowdStrike Holdings Inc. Class A 0.11% 41,215 $14.1M Reduce -9.3%
PNC PNC Financial Services Group 0.11% 72,234 $13.9M Reduce -33.3%
USB US Bancorp 0.11% 290,220 $13.9M Reduce -23.0%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.10% 217,411 $13.7M Reduce -34.6%
CMI Cummins Inc. 0.10% 39,420 $13.7M Reduce -0.3%
COF Capital One Financial Corp. 0.10% 77,036 $13.7M Reduce -27.4%
DE Deere & Co. 0.10% 32,407 $13.7M Reduce -21.2%
PPG PPG Industries Inc. 0.10% 113,786 $13.6M Add +27.9%
SHW The Sherwin-Williams Co. 0.10% 39,793 $13.5M Reduce -13.7%
AON Aon PLC Class A 0.10% 37,500 $13.5M Reduce -29.9%
HWM Howmet Aerospace Inc. 0.10% 122,524 $13.4M Reduce -19.0%
CARR Carrier Global Corp. 0.10% 195,209 $13.3M Reduce -10.9%
MSI Motorola Solutions Inc. 0.10% 28,701 $13.3M Reduce -8.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.10% 171,390 $13.2M Reduce -30.3%
MFC Manulife Financial Corp. 0.10% 428,839 $13.2M Reduce -34.2%
ELV Elevance Health Inc. 0.10% 35,582 $13.1M Reduce -13.0%
APO Apollo Global Management Inc. 0.10% 79,101 $13.1M Reduce -35.0%
JCI Johnson Controls Internation 0.10% 164,606 $13.0M Reduce -18.5%
MMM 3M Co. 0.10% 100,645 $13.0M Reduce -20.9%
MELI MercadoLibre Inc. 0.10% 7,615 $12.9M Reduce -21.6%
AVB Avalonbay Communities Inc. 0.10% 58,261 $12.8M Reduce -0.7%
CI The Cigna Group 0.10% 46,242 $12.8M Reduce -18.8%
IQV Iqvia Holdings Inc. 0.10% 64,450 $12.7M Reduce -9.9%
WMB Williams Cos Inc. 0.10% 232,800 $12.6M Reduce -34.3%
GM General Motors Co. 0.10% 236,488 $12.6M Reduce -23.5%
ORLY O'reilly Automotive Inc. 0.10% 10,566 $12.5M Reduce -23.3%
PEG Public Service Enterprise GP 0.10% 148,137 $12.5M Add +1.7%
REGN Regeneron Pharmaceuticals 0.09% 17,488 $12.5M Reduce -15.5%
CTAS Cintas Corp. 0.09% 67,556 $12.3M Reduce -25.9%
CEG Constellation Energy 0.09% 54,897 $12.3M Reduce -7.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.09% 319,252 $12.2M Reduce -9.2%
ROP Roper Technologies Inc. 0.09% 23,534 $12.2M Add +46.8%
OKE Oneok Inc. 0.09% 117,862 $11.8M Reduce -35.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 41,650 $11.8M Reduce -24.2%
WDAY Workday Inc. Class A 0.09% 45,569 $11.8M Reduce -3.8%
RSG Republic Services Inc. 0.09% 58,078 $11.7M Reduce -17.5%
AIG American International Group 0.09% 160,330 $11.7M Reduce -20.9%
ZTS Zoetis Inc. 0.09% 70,958 $11.6M Reduce -19.9%
DLR Digital Realty Trust Inc. 0.09% 64,983 $11.5M Reduce -4.8%
O Realty Income Corp. 0.09% 214,918 $11.5M Reduce -10.3%
PRU Prudential Financial Inc. 0.09% 96,839 $11.5M Reduce -29.5%
TFC Truist Financial Corp. 0.09% 263,880 $11.4M Reduce -28.7%
GLW Corning Inc. 0.09% 240,632 $11.4M Reduce -13.4%
GIS General Mills Inc. 0.09% 178,145 $11.4M Reduce -23.5%
REG Regency Centers Corp. 0.09% 153,337 $11.3M Reduce -7.0%
NSC Norfolk Southern Corp. 0.09% 48,210 $11.3M Reduce -24.0%
FANG Diamondback Energy Inc. 0.09% 68,699 $11.3M Reduce -20.4%
KMB Kimberly-Clark Corp. 0.09% 85,824 $11.2M Reduce -31.1%
FTNT Fortinet Inc. 0.09% 119,000 $11.2M New
TRV The Travelers Cos Inc. 0.09% 46,647 $11.2M New
KMI Kinder Morgan Inc. 0.08% 407,603 $11.2M Reduce -39.2%
CTSH Cognizant Tech Solutions-A 0.08% 145,211 $11.2M Add +33.9%
SLF Sun Life Financial Inc. 0.08% 186,764 $11.1M Reduce -29.6%
APP AppLovin Corp. Class A 0.08% 34,200 $11.1M New
TRI Thomson Reuters Corp. 0.08% 68,854 $11.1M Reduce -14.2%
YUM Yum! Brands Inc. 0.08% 82,190 $11.0M Reduce -16.6%
NDAQ Nasdaq Inc. 0.08% 142,176 $11.0M Reduce -26.0%
AMP Ameriprise Financial Inc. 0.08% 20,562 $10.9M Reduce -34.4%
ARES Ares Management Corp. Class A 0.08% 61,400 $10.9M New
TGT Target Corp. 0.08% 80,388 $10.9M New
ROST Ross Stores Inc. 0.08% 71,530 $10.8M Reduce -31.0%
CRH CRH PLC 0.08% 116,500 $10.8M New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.08% 150,100 $10.8M Reduce -4.5%
WPM Wheaton Precious Metals Corp. 0.08% 190,558 $10.7M Reduce -10.1%
CPRT Copart Inc. 0.08% 186,688 $10.7M Reduce -21.5%
ABNB Airbnb Inc. Class A 0.08% 81,209 $10.7M Reduce -14.7%
OTIS Otis Worldwide Corp. 0.08% 114,542 $10.6M Reduce -8.0%
BKR Baker Hughes Co. 0.08% 258,529 $10.6M Reduce -31.5%
AEM Agnico Eagle Mines Ltd. 0.08% 135,452 $10.6M Reduce -23.9%
TRP TC Energy Corp. 0.08% 227,000 $10.6M Add +247.6%
KDP Keurig Dr Pepper Inc. 0.08% 328,942 $10.6M Reduce -21.8%
SYY Sysco Corp. 0.08% 137,886 $10.5M Reduce -19.9%
ED Consolidated Edison Inc. 0.08% 118,015 $10.5M Add +2.9%
IR Ingersoll-Rand Inc. 0.08% 116,064 $10.5M Reduce -21.7%
COR Cencora Inc. 0.08% 46,525 $10.5M New
EW Edwards Lifesciences Corp. 0.08% 140,758 $10.4M New
CP Canadian Pacific Kansas City 0.08% 143,109 $10.4M Reduce -44.2%
EIX Edison International 0.08% 129,147 $10.3M Reduce -3.1%
SNOW Snowflake Inc. 0.08% 66,746 $10.3M Add +9.2%
MET Metlife Inc. 0.08% 124,956 $10.2M Reduce -26.6%
APD Air Products & Chemicals Inc. 0.08% 35,143 $10.2M Reduce -9.1%
DFS Discover Financial Services 0.08% 58,821 $10.2M Reduce -38.8%
KLAC KLA Corp. 0.08% 16,064 $10.1M Reduce -3.0%
AFL Aflac Inc. 0.08% 97,591 $10.1M Reduce -31.6%
KIM Kimco Realty Corp. 0.08% 430,793 $10.1M Reduce -19.0%
CTVA Corteva Inc. 0.08% 177,076 $10.1M Reduce -10.3%
IT Gartner Inc. 0.08% 20,801 $10.1M Reduce -0.9%
RCL Royal Caribbean Cruises Ltd. 0.08% 43,500 $10.0M New
PBA Pembina Pipeline Corp. 0.08% 270,979 $10.0M Reduce -35.5%
HES Hess Corp. 0.08% 75,038 $10.0M Reduce -29.4%
XYZ Block Inc. 0.08% 117,425 $10.0M Reduce -30.4%
A Agilent Technologies Inc. 0.08% 74,271 $10.0M Reduce -26.7%
DD Dupont DE Nemours Inc. 0.08% 129,739 $9.9M Add +9.7%
PWR Quanta Services Inc. 0.07% 31,240 $9.9M New
WAB Wabtec Corp. 0.07% 52,024 $9.9M Reduce -25.5%
WY Weyerhaeuser Co. 0.07% 349,342 $9.8M Add +7.0%
EFX Equifax Inc. 0.07% 38,464 $9.8M Reduce -19.5%
HAL Halliburton Co. 0.07% 359,403 $9.8M Reduce -4.0%
LNG Cheniere Energy Inc. 0.07% 45,400 $9.8M Add +243.9%
ZBH Zimmer Biomet Holdings Inc. 0.07% 91,812 $9.7M Reduce -17.2%
AXON Axon Enterprise Inc. 0.07% 16,300 $9.7M New
ALL Allstate Corp. 0.07% 50,200 $9.7M New
CTRA Coterra Energy Inc. 0.07% 377,891 $9.7M Add +13.3%
PAYX Paychex Inc. 0.07% 68,753 $9.6M Reduce -22.4%
AME Ametek Inc. 0.07% 53,295 $9.6M Reduce -25.4%
CHD Church & Dwight Co. Inc. 0.07% 91,322 $9.6M Reduce -23.4%
DVN Devon Energy Corp. 0.07% 290,870 $9.5M Reduce -5.2%
AZO AutoZone Inc. 0.07% 2,973 $9.5M Reduce -19.1%
NEM Newmont Corp. 0.07% 255,656 $9.5M Reduce -9.8%
UPS United Parcel Service Class B 0.07% 75,370 $9.5M Reduce -50.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.07% 324,988 $9.5M Reduce -6.8%
CBRE CBRE Group Inc. Class A 0.07% 72,100 $9.5M New
VTR Ventas Inc. 0.07% 160,068 $9.4M Reduce -12.6%
FLUT Flutter Entertainment PLC-Di 0.07% 36,400 $9.4M New
PCG P G & E Corp. 0.07% 461,877 $9.3M Add +6.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.07% 88,538 $9.3M Reduce -20.0%
PSA Public Storage 0.07% 30,998 $9.3M Reduce -11.4%
CNI Canadian Natl Railway Co. 0.07% 91,146 $9.3M Reduce -44.7%
HSY The Hershey Co. 0.07% 54,556 $9.2M Add +2.8%
CSX CSX Corp. 0.07% 285,764 $9.2M Reduce -45.1%
F Ford Motor Co. filed as FORD MTR CO 0.07% 928,460 $9.2M Reduce -13.8%
INTC Intel Corp. 0.07% 457,923 $9.2M Add +1.4%
PSX Phillips 66 0.07% 80,400 $9.2M Reduce -25.6%
HPQ HP Inc. 0.07% 279,347 $9.1M Reduce -3.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.07% 8,638 $9.1M Reduce -21.7%
HST Host Hotels & Resorts Inc. 0.07% 511,300 $9.0M New
KVUE Kenvue Inc. 0.07% 415,544 $8.9M New
ITW Illinois Tool Works 0.07% 34,934 $8.9M Reduce -25.4%
AVY Avery Dennison Corp. 0.07% 47,229 $8.8M Add +11.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.07% 75,160 $8.8M New
FICO Fair Isaac Corp. 0.07% 4,400 $8.8M New
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.07% 30,200 $8.7M New
DOC Healthpeak Properties Inc. 0.07% 429,950 $8.7M Reduce -9.1%
QSR Restaurant Brands Intern 0.07% 133,429 $8.7M Reduce -9.9%
FIS Fidelity National Info Serv 0.07% 106,682 $8.6M Reduce -33.6%
COIN Coinbase Global Inc. Class A 0.07% 34,700 $8.6M Add +207.1%
ROK Rockwell Automation Inc. 0.07% 30,000 $8.6M New
DASH DoorDash Inc. Class A 0.06% 50,900 $8.5M New
OMC Omnicom Group 0.06% 98,974 $8.5M Reduce -9.3%
EXC Exelon Corp. 0.06% 224,815 $8.5M Add +4.1%
AWK American Water Works Co. Inc. 0.06% 67,942 $8.5M Add +28.8%
IPG Interpublic Group of Cos Inc. 0.06% 300,200 $8.4M New
DHI D.R. Horton Inc. 0.06% 59,898 $8.4M Reduce -20.4%
JD Jd.com Inc.-ADR 0.06% 241,300 $8.4M Add +26.1%
GRMN Garmin Ltd. 0.06% 40,500 $8.4M New
VMC Vulcan Materials Co. 0.06% 32,009 $8.2M Reduce -9.1%
URI United Rentals Inc. 0.06% 11,521 $8.1M Reduce -38.1%
CAH Cardinal Health Inc. 0.06% 67,800 $8.0M New
LEN Lennar Corp. Class A 0.06% 56,612 $7.7M Reduce -20.1%
HCA HCA Healthcare Inc. 0.06% 25,663 $7.7M Reduce -34.5%
PDD PDD Holdings Inc. 0.06% 78,300 $7.6M Add +21.6%
FERG Ferguson Enterprises Inc. 0.06% 43,301 $7.5M Reduce -1.1%
CVS CVS Health Corp. 0.06% 167,373 $7.5M Reduce -24.3%
MCHP Microchip Technology Inc. 0.06% 129,234 $7.4M Add +8.8%
NUE Nucor Corp. 0.06% 62,935 $7.3M Add +12.9%
NXPI NXP Semiconductors NV 0.05% 34,144 $7.1M Add +2.1%
ES Eversource Energy 0.05% 122,963 $7.1M Reduce -11.4%
HEI.A Heico Corp. Class A 0.05% 36,950 $6.9M Add +76.4%
FDX FedEx Corp. 0.05% 23,920 $6.7M Reduce -47.3%
HEI Heico Corp. 0.05% 28,300 $6.7M Reduce -34.0%
SCCO Southern Copper Corp. 0.05% 65,700 $6.0M New
GEHC GE Healthcare Technology 0.04% 70,600 $5.5M New
FAST Fastenal Co. 0.04% 75,800 $5.5M New
GLNG Golar LNG Ltd. 0.04% 115,280 $4.9M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.03% 419,900 $4.4M New
TCOM Trip.com Group Ltd.-ADR 0.03% 62,000 $4.3M No change
CVNA Carvana Co. 0.03% 20,800 $4.2M New
EBND State Street SPDR Bloomberg 0.03% 200,000 $3.9M No change
RACE Ferrari NV 0.03% 8,500 $3.6M Reduce -19.1%
BMRN Biomarin Pharmaceutical Inc. 0.02% 40,000 $2.6M No change
DXCM Dexcom Inc. 0.02% 27,000 $2.1M Reduce -67.4%
PODD Insulet Corp. 0.01% 6,000 $1.6M Reduce -50.0%
ARGX Argenx SE - ADR 0.01% 2,500 $1.5M New
HUM Humana Inc. 0.01% 5,000 $1.3M Reduce -85.3%
BIIB Biogen Inc. 0.01% 7,000 $1.1M Reduce -83.2%

Portfolio Sells Q3 2024 → Q4 2024

IGV iShares Expanded Tech-Softwa Reduce -86.1% 0.77% −4.50
NVDA Nvidia Corp. Reduce -28.4% 3.48% −1.53
INDA iShares MSCI India ETF Reduce -91.8% 0.12% −1.48
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −1.35
EMB iShares JP Morgan Usd Emergi Reduce -85.0% 0.20% −1.24
TSM Taiwan Semiconductor-SP ADR Reduce -43.3% 0.56% −0.43
MSFT Microsoft Corp. Reduce -11.1% 3.15% −0.41
EMCR Xtrackers Emerg Mark Carb Re Sold out 0.00% −0.38
GOOGL Alphabet Inc. Class A Reduce -19.7% 1.94% −0.34
AMZN Amazon.com Inc. Reduce -22.3% 2.21% −0.31
LLY Eli Lilly & Co. Reduce -20.4% 0.71% −0.29
XOM Exxon Mobil Corp. Reduce -26.7% 0.53% −0.29
UNH Unitedhealth Group Inc. Reduce -17.8% 0.52% −0.21
ADBE Adobe Inc. Reduce -32.9% 0.30% −0.20
ABBV Abbvie Inc. Reduce -23.0% 0.35% −0.19
JPM JPMorgan Chase & Co. Reduce -22.8% 0.77% −0.19
COST Costco Wholesale Corp. Reduce -29.1% 0.43% −0.17
PG The Procter & Gamble Co. Reduce -25.5% 0.46% −0.17
KO The Coca-Cola Co. Reduce -28.0% 0.32% −0.17
PEP Pepsico Inc. Reduce -27.7% 0.27% −0.15
MA Mastercard Inc. Class A Reduce -23.7% 0.51% −0.15
AAPL Apple Inc. Reduce -9.4% 3.94% −0.15
WMT Walmart Inc. Reduce -29.3% 0.45% −0.15
JNJ Johnson & Johnson Reduce -16.2% 0.39% −0.15
TARGET CORP Sold out 0.00% −0.14
CVX Chevron Corp. Reduce -26.0% 0.29% −0.13
K Kellanova Sold out 0.00% −0.13
EWH iShares MSCI Hong Kong ETF Sold out 0.00% −0.13
TRAVELERS COMPANIES INC Sold out 0.00% −0.13
BAC Bank of America Corp. Reduce -25.8% 0.35% −0.12
AMERISOURCEBERGEN CORP Sold out 0.00% −0.11
MRO Marathon Oil Corp. Sold out 0.00% −0.11
V Visa Inc. Class A Reduce -18.7% 0.62% −0.11
TMUS T-Mobile US Inc. Reduce -38.6% 0.15% −0.10
MCD McDonald's Corp. Reduce -25.0% 0.26% −0.10
MPC Marathon Petroleum Corp. Sold out 0.00% −0.10
BX Blackstone Inc. Reduce -37.1% 0.16% −0.10
HD Home Depot Inc. Reduce -13.6% 0.45% −0.10
GS Goldman Sachs Group Inc. Reduce -34.0% 0.23% −0.10
AMGN Amgen Inc. Reduce -14.3% 0.19% −0.10
QUANTA SVCS INC Sold out 0.00% −0.09
META Meta Platforms Inc. Class A Reduce -5.5% 1.34% −0.09
WFC Wells Fargo & Co. Reduce -27.6% 0.27% −0.09
RY Royal Bank of Canada Reduce -25.2% 0.23% −0.09
UPS United Parcel Service Class B Reduce -50.4% 0.07% −0.09
CMG Chipotle Mexican Grill Inc. Reduce -45.0% 0.12% −0.09
MTD Mettler-Toledo International Sold out 0.00% −0.09
MRK Merck & Co. Inc. Reduce -15.4% 0.32% −0.09
TMO Thermo Fisher Scientific Inc. Reduce -15.6% 0.28% −0.08
COP Conocophillips Reduce -23.7% 0.16% −0.08

Portfolio Buys Q3 2024 → Q4 2024

KLMN Invesco MSCI N Amr Climt ETF New 17.68% +17.68
EMCS Xtracke MSCI Emer Ms ETF-Usd New 3.18% +3.18
VCLT Vanguard Long-Term Corp. Bond New 0.91% +0.91
VCEB Vanguard ESG US Corp. Bond New 0.52% +0.52
BLK BlackRock Inc. New 0.19% +0.19
PLTR Palantir Technologies Inc. Class A New 0.18% +0.18
LRCX Lam Research Corp. New 0.15% +0.15
FTNT Fortinet Inc. New 0.09% +0.09
TRV The Travelers Cos Inc. New 0.09% +0.09
APP AppLovin Corp. Class A New 0.08% +0.08
ARES Ares Management Corp. Class A New 0.08% +0.08
TGT Target Corp. New 0.08% +0.08
CRH CRH PLC New 0.08% +0.08
COR Cencora Inc. New 0.08% +0.08
EW Edwards Lifesciences Corp. New 0.08% +0.08
RCL Royal Caribbean Cruises Ltd. New 0.08% +0.08
PWR Quanta Services Inc. New 0.07% +0.07
AXON Axon Enterprise Inc. New 0.07% +0.07
ALL Allstate Corp. New 0.07% +0.07
CBRE CBRE Group Inc. Class A New 0.07% +0.07
FLUT Flutter Entertainment PLC-Di New 0.07% +0.07
HST Host Hotels & Resorts Inc. New 0.07% +0.07
KVUE Kenvue Inc. New 0.07% +0.07
TTD Trade Desk Inc./the Class A New 0.07% +0.07
FICO Fair Isaac Corp. New 0.07% +0.07
MSTR Strategy Inc. New 0.07% +0.07
ROK Rockwell Automation Inc. New 0.07% +0.07
DASH DoorDash Inc. Class A New 0.06% +0.06
IPG Interpublic Group of Cos Inc. New 0.06% +0.06
GRMN Garmin Ltd. New 0.06% +0.06
CAH Cardinal Health Inc. New 0.06% +0.06
TRP TC Energy Corp. Add +247.6% 0.08% +0.06
LNG Cheniere Energy Inc. Add +243.9% 0.07% +0.05
TEL Te Connectivity PLC Add +104.8% 0.11% +0.05
COIN Coinbase Global Inc. Class A Add +207.1% 0.07% +0.05
SCCO Southern Copper Corp. New 0.05% +0.05
GEHC GE Healthcare Technology New 0.04% +0.04
FAST Fastenal Co. New 0.04% +0.04
NU Nu Holdings Ltd./Cayman Isl-A New 0.03% +0.03
CVNA Carvana Co. New 0.03% +0.03
ROP Roper Technologies Inc. Add +46.8% 0.09% +0.02
SNOW Snowflake Inc. Add +9.2% 0.08% +0.02
CTSH Cognizant Tech Solutions-A Add +33.9% 0.08% +0.02
HEI.A Heico Corp. Class A Add +76.4% 0.05% +0.02
PPG PPG Industries Inc. Add +27.9% 0.10% +0.02
NKE Nike Inc. Class B Add +18.5% 0.12% +0.01
ARGX Argenx SE - ADR New 0.01% +0.01
CTRA Coterra Energy Inc. Add +13.3% 0.07% +0.01
TXN Texas Instruments Inc. Add +18.7% 0.17% +0.01
TDG Transdigm Group Inc. Add +14.9% 0.12% +0.01

Notes & Other Activity Q3 2024 → Q4 2024

RCI Rogers Communications Inc. Class B CL B Reduce -100.0% 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 313$18.9BKLMN, KLMT, IGV, EMCS, NVDA
Q1 2026Amended 319$17.1BIGV, KLMN, KLMT, XLE, EMCS
Q4 2025 308$16.5BKLMN, KLMT, VOO, NVDA, AAPL
Q3 2025 312$15.6BKLMN, KLMT, EMCS, NVDA, AAPL
Q2 2025 309$13.6BKLMN, KLMT, EMCS, NVDA, MSFT
Q1 2025 318$11.6BKLMN, KLMT, AAPL, MSFT, NVDA
Q4 2024 320$13.2BKLMN, KLMT, AAPL, NVDA, EMCS
Q3 2024 316$12.6BKLMT, IGV, NVDA, AAPL, MSFT
Q2 2024 344$12.4BKLMT, NVDA, IGV, AAPL, MSFT
Q1 2024 354$11.5BMSFT, EMCR, AAPL, NVDA, AMZN