Varma Mutual Pension Insurance Co

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Varma Mutual Pension Insurance Co reported 312 stock positions worth $15.6 billion. Its top holding was Invesco MSCI N Amr Climt ETF (KLMN) at 15.3% of the portfolio, followed by Invesco MSCI GL CLM 500 ETF (KLMT, 8.7%) and Xtracke MSCI Emer Ms ETF-Usd (EMCS, 6.2%). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 267 and reduced 18. The biggest buy was iShares Russell 2000 ETF (IWM, shares +927%) and the biggest sale Invesco MSCI N Amr Climt ETF (KLMN, shares −14%).

Most Recent 13F
Q2 2026
Location
Varma, H9
CIK
0001698484
Portfolio Value
$15.6B (Q3 2025)
SEC Filing
0001140361-25-040748 ↗ filed Nov 6, 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 Q4 2024 Q1 2025: $11.6B Q1 2025 Q2 2025: $13.6B Q2 2025 Q3 2025: $15.6B $15.6B Q3 2025 Q4 2025: $16.5B Q4 2025 Q1 2026: $17.1B Q1 2026 Q2 2026: $18.9B Q2 2026

Holdings 312 stocks · $15.6B

KLMN Invesco MSCI N Amr Climt ETF 15.31% 87,333,362 $2.4B Reduce -13.8%
KLMT Invesco MSCI GL CLM 500 ETF 8.73% 44,931,497 $1.4B No change
EMCS Xtracke MSCI Emer Ms ETF-Usd 6.19% 27,941,634 $965.9M Add +16.1%
NVDA Nvidia Corp. 4.75% 3,969,166 $740.6M Add +7.1%
AAPL Apple Inc. 3.90% 2,391,483 $608.9M Add +2.6%
MSFT Microsoft Corp. 3.86% 1,163,376 $602.6M Add +10.8%
GOOGL Alphabet Inc. Class A 2.51% 1,610,699 $391.6M Add +8.7%
AMZN Amazon.com Inc. 2.32% 1,646,711 $361.6M Add +8.8%
IWM iShares Russell 2000 ETF 2.26% 1,458,061 $352.8M Add +926.9%
LCTU iShares U.S. Carbon Transiti 2.24% 4,814,000 $349.4M No change
META Meta Platforms Inc. Class A 1.76% 374,044 $274.7M Add +8.0%
VCIT Vanguard Int-Term Corporate 1.46% 2,700,000 $227.1M No change
AVGO Broadcom Inc. 1.31% 621,230 $204.9M Add +6.6%
TSLA Tesla Inc. 1.12% 392,123 $174.4M Add +11.3%
JPM JPMorgan Chase & Co. 0.91% 452,211 $142.6M Add +21.7%
VCLT Vanguard Long-Term Corp. Bond 0.80% 1,600,000 $124.2M No change
ASHR Xtrackers Harvest Csi 300 CH 0.77% 3,641,000 $120.1M New
TSM Taiwan Semiconductor-SP ADR 0.65% 364,600 $101.8M No change
V Visa Inc. Class A 0.64% 291,841 $99.6M Add +21.7%
ORCL Oracle Corp. 0.63% 351,418 $98.8M Add +54.7%
LLY Eli Lilly & Co. 0.59% 121,468 $92.7M Add +11.2%
VWOB Vanguard Emerg MKTS Gov BND 0.54% 1,250,000 $83.6M No change
MA Mastercard Inc. Class A 0.52% 141,308 $80.4M Add +21.6%
EMLC Vaneck JPM Em Local Curr BND 0.51% 3,100,000 $79.1M No change
NFLX Netflix Inc. 0.47% 61,675 $73.9M Add +9.0%
XOM Exxon Mobil Corp. 0.47% 655,303 $73.9M Add +8.6%
WMT Walmart Inc. 0.47% 711,366 $73.3M Add +15.0%
VCEB Vanguard ESG US Corp. Bond 0.45% 1,100,000 $70.6M No change
JNJ Johnson & Johnson 0.45% 378,256 $70.1M Add +8.9%
HD Home Depot Inc. 0.41% 159,695 $64.7M Add +13.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.40% 1,208,924 $62.4M Add +21.7%
ABBV Abbvie Inc. 0.39% 263,467 $61.0M Add +8.8%
COST Costco Wholesale Corp. 0.39% 65,057 $60.2M Add +12.3%
PG The Procter & Gamble Co. 0.37% 374,055 $57.5M Add +11.8%
PLTR Palantir Technologies Inc. Class A 0.37% 314,000 $57.3M Add +8.7%
FALN iShares Fallen Angels ETF 0.36% 2,000,000 $55.6M No change
CVX Chevron Corp. 0.34% 342,936 $53.3M Add +47.3%
GE General Electric filed as GE AEROSPACE 0.33% 169,308 $50.9M Add +12.1%
UNH Unitedhealth Group Inc. 0.32% 145,462 $50.2M Add +15.8%
KO The Coca-Cola Co. 0.29% 684,076 $45.4M Add +13.2%
WFC Wells Fargo & Co. 0.29% 537,859 $45.1M Add +21.9%
CSCO Cisco Systems Inc. 0.28% 647,947 $44.3M Add +8.7%
GS Goldman Sachs Group Inc. 0.28% 54,700 $43.6M Add +22.1%
CRM Salesforce Inc. 0.28% 182,428 $43.2M Add +27.7%
GOOG Alphabet Inc. Class C 0.27% 170,814 $41.6M Add +2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 138,458 $39.1M Add +8.7%
LIN Linde PLC 0.24% 80,085 $38.0M Add +8.5%
AXP American Express Co. 0.24% 113,635 $37.7M Add +22.0%
ABT Abbott Laboratories 0.24% 279,852 $37.5M Add +4.7%
CAT Caterpillar Inc. 0.24% 78,556 $37.5M Add +13.3%
NOW ServiceNow Inc. 0.24% 39,983 $36.8M Add +29.9%
PEP Pepsico Inc. 0.23% 258,857 $36.4M Add +9.6%
MCD McDonald's Corp. 0.23% 115,866 $35.2M Add +8.8%
RY Royal Bank of Canada 0.22% 237,929 $35.1M Add +8.7%
C Citigroup Inc. 0.22% 341,876 $34.7M Add +21.9%
LRCX Lam Research Corp. 0.22% 258,830 $34.7M Add +8.7%
MS Morgan Stanley 0.22% 213,512 $33.9M Add +21.9%
MRK Merck & Co. Inc. 0.22% 402,774 $33.8M Add +8.9%
T AT&T Inc. 0.22% 1,196,460 $33.8M Add +8.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.21% 284,894 $32.6M Add +8.8%
AMAT Applied Materials Inc. 0.21% 159,182 $32.6M Add +8.7%
TMO Thermo Fisher Scientific Inc. 0.20% 65,917 $32.0M Add +8.6%
KURE Kraneshares MSCI All China H 0.20% 1,520,129 $31.8M Reduce -43.3%
INDA iShares MSCI India ETF 0.20% 607,910 $31.6M Reduce -42.2%
QCOM Qualcomm Inc. 0.20% 187,971 $31.3M Add +8.7%
SPGI S&P Global Inc. 0.20% 63,407 $30.9M Add +21.9%
INTU Intuit Inc. 0.20% 45,058 $30.8M Add +8.7%
BLK BlackRock Inc. 0.19% 26,012 $30.3M Add +22.1%
VZ Verizon Communications Inc. 0.19% 689,809 $30.3M Add +8.8%
MU Micron Technology Inc. 0.19% 179,971 $30.1M Add +8.8%
AMD Advanced Micro Devices 0.19% 184,117 $29.8M Reduce -22.7%
UBER Uber Technologies Inc. 0.19% 297,892 $29.2M Add +13.8%
SHOP Shopify Inc. Class A 0.19% 195,858 $29.1M Add +8.7%
BKNG Booking Holdings Inc. 0.18% 5,324 $28.7M Add +8.1%
ETN Eaton Corp. PLC 0.18% 76,325 $28.6M Add +14.1%
GEV GE Vernova Inc. 0.18% 45,743 $28.1M Add +16.9%
KLAC KLA Corp. 0.18% 25,764 $27.8M Add +8.9%
SCHW Schwab (charles) Corp. 0.18% 289,681 $27.7M Add +21.9%
ANET Arista Networks Inc. 0.17% 182,300 $26.6M Add +8.7%
AEM Agnico Eagle Mines Ltd. 0.17% 157,552 $26.5M Add +8.5%
BSX Boston Scientific Corp. 0.17% 270,881 $26.4M Add +1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 182,966 $26.4M Add +14.9%
COP Conocophillips 0.17% 278,352 $26.3M Add +8.6%
COF Capital One Financial Corp. 0.17% 123,582 $26.3M Add +22.0%
APP AppLovin Corp. Class A 0.17% 36,400 $26.2M Add +8.7%
APH Amphenol Corp. Class A 0.17% 209,939 $26.0M Add +8.7%
ISRG Intuitive Surgical Inc. 0.17% 57,853 $25.9M Add +8.2%
AMGN Amgen Inc. 0.16% 89,259 $25.2M Add +8.9%
UNP Union Pacific Corp. 0.16% 105,049 $24.8M Add +30.1%
NEE Nextera Energy Inc. 0.16% 326,193 $24.6M Add +5.0%
PFE Pfizer Inc. 0.16% 960,563 $24.5M Add +9.4%
WELL Welltower Inc. 0.16% 136,776 $24.4M Add +8.6%
PGR Progressive Corp. 0.16% 98,444 $24.3M Add +22.1%
ADI Analog Devices Inc. 0.15% 97,459 $23.9M Add +8.7%
BX Blackstone Inc. 0.15% 138,600 $23.7M Add +22.0%
TD Toronto-Dominion Bank 0.15% 294,798 $23.6M Add +8.7%
INTC Intel Corp. 0.15% 692,723 $23.2M Add +8.7%
WPM Wheaton Precious Metals Corp. 0.15% 207,358 $23.2M Add +8.5%
PANW Palo Alto Networks Inc. 0.15% 112,776 $23.0M Add +8.7%
NEM Newmont Corp. 0.15% 269,756 $22.7M Add +8.6%
GILD Gilead Sciences Inc. 0.15% 204,615 $22.7M Add +8.9%
ENB Enbridge Inc. 0.14% 443,861 $22.4M Add +8.5%
MRSH Marsh & McLennan Cos 0.14% 110,604 $22.3M Add +21.9%
PH Parker Hannifin Corp. 0.14% 29,037 $22.0M Add +16.9%
ACN Accenture PLC Class A 0.14% 86,786 $21.4M Reduce -7.3%
HOOD Robinhood Markets Inc. Class A 0.14% 149,300 $21.4M Add +21.5%
LOW Lowe's Cos Inc. 0.14% 84,763 $21.3M Add +8.7%
TEL Te Connectivity PLC 0.13% 95,645 $21.0M Add +8.8%
FCX Freeport-McMoran Inc. 0.13% 533,667 $20.9M Add +8.5%
PLD Prologis Inc. 0.13% 178,646 $20.5M Add +8.6%
ADP Automatic Data Processing 0.13% 69,053 $20.3M Add +8.8%
DHR Danaher Corp. 0.13% 102,026 $20.2M Add +8.6%
BN Brookfield Corp. 0.13% 291,413 $20.0M Add +8.7%
TMUS T-Mobile US Inc. 0.13% 82,917 $19.8M Add +8.8%
DE Deere & Co. 0.13% 42,807 $19.6M Add +9.2%
CME Cme Group Inc. 0.13% 72,196 $19.5M Add +22.0%
CRWD CrowdStrike Holdings Inc. Class A 0.12% 39,715 $19.5M Add +8.8%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.12% 149,129 $19.4M Add +8.7%
MDT Medtronic PLC 0.12% 203,451 $19.4M Reduce -1.3%
CMCSA Comcast Corp. Class A 0.12% 613,694 $19.3M Add +8.8%
EMB iShares JP Morgan Usd Emergi 0.12% 200,000 $19.0M No change
TXN Texas Instruments Inc. 0.12% 101,741 $18.7M Reduce -22.8%
MCO Moody's Corp. 0.12% 38,966 $18.6M Add +21.9%
TT Trane Technologies PLC 0.12% 43,811 $18.5M Add +8.9%
MDLZ Mondelez International Inc. Class A 0.12% 295,165 $18.4M Add +8.9%
GLW Corning Inc. 0.12% 224,732 $18.4M Add +8.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.12% 168,590 $18.4M Add +22.0%
ICE Intercontinental Exchange Inc. 0.12% 107,901 $18.2M Add +22.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.12% 280,056 $18.1M Add +8.7%
CB Chubb Ltd. 0.12% 64,021 $18.1M Add +8.8%
SYK Stryker Corp. 0.12% 48,510 $17.9M Reduce -1.2%
ECL Ecolab Inc. 0.11% 64,340 $17.6M Add +8.6%
MJSC Mufg Japan S Cap Active ETF 0.11% 355,000 $17.5M New
CSX CSX Corp. 0.11% 487,164 $17.3M Add +12.1%
WM Waste Management Inc. 0.11% 77,950 $17.2M Add +8.8%
CMI Cummins Inc. 0.11% 40,720 $17.2M Add +14.3%
CEG Constellation Energy 0.11% 51,997 $17.1M Add +8.3%
CDNS Cadence Design SYS Inc. 0.11% 48,249 $16.9M Add +8.6%
HLT Hilton Worldwide Holdings Inc. 0.11% 65,270 $16.9M Add +8.7%
AMT American Tower Corp. 0.11% 87,806 $16.9M Add +8.7%
MCK McKesson Corp. 0.11% 21,853 $16.9M Add +28.9%
NKE Nike Inc. Class B 0.11% 241,795 $16.9M Add +52.0%
EMR Emerson Electric Co. 0.11% 128,505 $16.9M Add +8.9%
ADBE Adobe Inc. 0.11% 47,526 $16.8M Reduce -23.1%
MELI MercadoLibre Inc. 0.11% 7,121 $16.6M Add +9.2%
PNC PNC Financial Services Group 0.11% 82,234 $16.5M Add +21.9%
EOG EOG Resources Inc. 0.11% 146,792 $16.5M Add +8.6%
KKR KKR & Co. Inc. 0.10% 125,727 $16.3M Add +21.9%
HWM Howmet Aerospace Inc. 0.10% 82,924 $16.3M Add +8.8%
DASH DoorDash Inc. Class A 0.10% 59,700 $16.2M Add +9.3%
SBUX Starbucks Corp. 0.10% 190,842 $16.1M Add +19.1%
CP Canadian Pacific Kansas City 0.10% 212,709 $15.8M Add +31.4%
TDG Transdigm Group Inc. 0.10% 12,020 $15.8M Add +9.1%
ORLY O'reilly Automotive Inc. 0.10% 146,920 $15.8M Add +8.7%
MMM 3M Co. 0.10% 102,045 $15.8M Add +8.7%
WMB Williams Cos Inc. 0.10% 248,500 $15.7M Add +8.6%
FISV Fiserv Inc. 0.10% 121,731 $15.7M Add +22.1%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.10% 196,111 $15.7M Add +8.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.10% 50,250 $15.6M Add +21.8%
SPG Simon Property Group Inc. 0.10% 82,349 $15.5M Add +8.6%
FANG Diamondback Energy Inc. 0.10% 107,899 $15.4M Add +8.6%
CVS CVS Health Corp. 0.10% 203,173 $15.3M Add +22.5%
NDAQ Nasdaq Inc. 0.10% 172,876 $15.3M Add +21.9%
ADSK Autodesk Inc. 0.10% 48,095 $15.3M Add +8.6%
RCI Rogers Communications Inc. Class B 0.10% 442,200 $15.2M Add +8.8%
PWR Quanta Services Inc. 0.10% 36,640 $15.2M Add +30.2%
SNPS Synopsys Inc. 0.10% 30,565 $15.1M Add +8.9%
USB US Bancorp 0.10% 311,520 $15.1M Add +21.9%
EBND State Street SPDR Bloomberg 0.10% 700,000 $15.0M No change
RCL Royal Caribbean Cruises Ltd. 0.10% 45,954 $14.9M Add +9.0%
CL Colgate-Palmolive Co. 0.10% 185,617 $14.8M Add +8.9%
ELV Elevance Health Inc. 0.09% 45,782 $14.8M Add +30.1%
EQIX Equinix Inc. 0.09% 18,853 $14.8M Add +8.6%
AON Aon PLC Class A 0.09% 41,000 $14.6M Add +8.8%
BKR Baker Hughes Co. 0.09% 297,829 $14.5M Add +8.6%
SHW The Sherwin-Williams Co. 0.09% 41,793 $14.5M Add +8.6%
NXPI NXP Semiconductors NV 0.09% 63,544 $14.5M Add +8.7%
SRE Sempra 0.09% 160,800 $14.5M Reduce -1.5%
MAR Marriott International Class A 0.09% 55,236 $14.4M Add +8.9%
NSC Norfolk Southern Corp. 0.09% 47,410 $14.2M Add +8.7%
CRH CRH PLC 0.09% 117,800 $14.1M Add +8.6%
CARR Carrier Global Corp. 0.09% 232,909 $13.9M Add +37.0%
CTAS Cintas Corp. 0.09% 67,556 $13.9M Add +15.0%
BMY Bristol-Myers Squibb Co. 0.09% 305,826 $13.8M Reduce -0.4%
DOV Dover Corp. 0.09% 82,506 $13.8M Add +19.1%
ITW Illinois Tool Works 0.09% 52,734 $13.8M Add +9.1%
O Realty Income Corp. 0.09% 225,818 $13.7M Add +8.6%
VRTX Vertex Pharmaceuticals Inc. 0.09% 34,926 $13.7M Reduce -4.6%
CNI Canadian Natl Railway Co. 0.09% 144,146 $13.6M Add +14.8%
MSI Motorola Solutions Inc. 0.09% 29,701 $13.6M Add +8.4%
TFC Truist Financial Corp. 0.09% 295,080 $13.5M Add +21.9%
TRV The Travelers Cos Inc. 0.09% 48,247 $13.5M Add +21.7%
SNOW Snowflake Inc. 0.09% 59,546 $13.4M Add +8.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.09% 389,252 $13.4M Add +8.6%
COR Cencora Inc. 0.08% 42,125 $13.2M Add +6.8%
PCAR Paccar Inc. 0.08% 133,743 $13.1M Add +10.3%
PYPL PayPal Holdings Inc. 0.08% 195,929 $13.1M Add +22.0%
PPG PPG Industries Inc. 0.08% 123,186 $12.9M Add +8.6%
MFC Manulife Financial Corp. 0.08% 414,539 $12.9M Add +8.7%
HCA HCA Healthcare Inc. 0.08% 30,263 $12.9M Add +8.6%
AZO AutoZone Inc. 0.08% 3,003 $12.9M Add +11.1%
NET Cloudflare Inc. Class A 0.08% 59,900 $12.9M Add +8.7%
IR Ingersoll-Rand Inc. 0.08% 154,664 $12.8M Add +8.8%
GM General Motors Co. 0.08% 209,303 $12.8M Add +8.4%
COIN Coinbase Global Inc. Class A 0.08% 37,800 $12.8M Add +21.9%
URI United Rentals Inc. 0.08% 13,305 $12.7M Add +9.0%
DVN Devon Energy Corp. 0.08% 361,470 $12.7M Add +8.6%
APO Apollo Global Management Inc. 0.08% 94,401 $12.6M Add +21.8%
SPOT Spotify Technology SA 0.08% 18,000 $12.6M Add +12.5%
AFL Aflac Inc. 0.08% 112,191 $12.5M Add +22.0%
PBA Pembina Pipeline Corp. 0.08% 309,779 $12.5M Add +8.6%
ED Consolidated Edison Inc. 0.08% 123,215 $12.4M Add +8.8%
TRP TC Energy Corp. 0.08% 226,800 $12.3M Add +8.5%
MSTR Strategy Inc. 0.08% 38,100 $12.3M Add +8.6%
RSG Republic Services Inc. 0.08% 53,478 $12.3M Add +9.0%
OKE Oneok Inc. 0.08% 167,562 $12.2M Add +8.6%
CBRE CBRE Group Inc. Class A 0.08% 77,400 $12.2M Add +8.7%
GIS General Mills Inc. 0.08% 238,472 $12.0M Add +9.7%
AVB Avalonbay Communities Inc. 0.08% 62,161 $12.0M Add +8.6%
KMI Kinder Morgan Inc. 0.08% 423,003 $12.0M Add +8.6%
ACM Aecom 0.08% 91,300 $11.9M Add +8.8%
EXC Exelon Corp. 0.08% 264,015 $11.9M Add +8.9%
CI The Cigna Group 0.08% 40,942 $11.8M Add +9.6%
ALL Allstate Corp. 0.08% 54,700 $11.7M Add +22.1%
DD Dupont DE Nemours Inc. 0.08% 150,539 $11.7M Add +8.6%
OTIS Otis Worldwide Corp. 0.08% 128,242 $11.7M Add +58.4%
BDX Becton Dickinson and Co. 0.07% 62,321 $11.7M Reduce -6.2%
SYY Sysco Corp. 0.07% 141,507 $11.7M Add +8.8%
DLR Digital Realty Trust Inc. 0.07% 67,083 $11.6M Add +8.6%
AME Ametek Inc. 0.07% 60,695 $11.4M Add +8.8%
MET Metlife Inc. 0.07% 137,956 $11.4M Add +21.9%
AMP Ameriprise Financial Inc. 0.07% 23,062 $11.3M Add +21.6%
REG Regency Centers Corp. 0.07% 155,237 $11.3M Add +8.6%
FAST Fastenal Co. 0.07% 230,600 $11.3M Add +11.7%
PRU Prudential Financial Inc. 0.07% 108,839 $11.3M Add +22.0%
CMG Chipotle Mexican Grill Inc. 0.07% 286,902 $11.2M Add +7.9%
VTR Ventas Inc. 0.07% 160,568 $11.2M Add +8.7%
LNG Cheniere Energy Inc. 0.07% 47,700 $11.2M Add +8.7%
REGN Regeneron Pharmaceuticals 0.07% 19,888 $11.2M Add +9.3%
AIG American International Group 0.07% 141,330 $11.1M Add +21.9%
CTVA Corteva Inc. 0.07% 163,876 $11.1M Add +8.5%
IQV Iqvia Holdings Inc. 0.07% 58,250 $11.1M Add +10.4%
YUM Yum! Brands Inc. 0.07% 72,653 $11.0M Add +8.3%
SLF Sun Life Financial Inc. 0.07% 183,564 $11.0M Add +8.7%
F Ford Motor Co. filed as FORD MTR CO 0.07% 921,772 $11.0M Add +8.7%
WTW Willis Towers Watson PLC 0.07% 31,600 $10.9M Add +9.0%
WDAY Workday Inc. Class A 0.07% 45,169 $10.9M Add +8.7%
ROP Roper Technologies Inc. 0.07% 21,734 $10.8M No change
KIM Kimco Realty Corp. 0.07% 494,993 $10.8M Add +8.7%
EW Edwards Lifesciences Corp. 0.07% 138,058 $10.7M Add +7.7%
PEG Public Service Enterprise GP 0.07% 128,337 $10.7M Add +8.7%
ARES Ares Management Corp. Class A 0.07% 66,900 $10.7M Add +21.9%
XYZ Block Inc. 0.07% 147,625 $10.7M Add +22.0%
JCI Johnson Controls Internation 0.07% 96,906 $10.7M Reduce -22.8%
MRVL Marvell Technology Inc. 0.07% 126,458 $10.6M Reduce -22.7%
ZTS Zoetis Inc. 0.07% 72,358 $10.6M Add +8.9%
EBAY eBay Inc. 0.07% 115,700 $10.5M Add +34.7%
AXON Axon Enterprise Inc. 0.07% 14,500 $10.4M Add +9.0%
CTSH Cognizant Tech Solutions-A 0.07% 152,911 $10.3M Add +8.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.07% 313,688 $10.2M Add +8.6%
ABNB Airbnb Inc. Class A 0.07% 84,005 $10.2M Add +8.7%
FLUT Flutter Entertainment PLC-Di 0.07% 40,000 $10.2M Add +9.3%
KMB Kimberly-Clark Corp. 0.07% 81,616 $10.1M Add +8.5%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.06% 153,900 $10.0M Add +8.6%
TRI Thomson Reuters Corp. 0.06% 63,954 $9.9M Add +8.7%
ROST Ross Stores Inc. 0.06% 64,627 $9.8M Add +8.4%
CAH Cardinal Health Inc. 0.06% 62,600 $9.8M Add +19.9%
AWK American Water Works Co. Inc. 0.06% 70,542 $9.8M Add +9.0%
AVY Avery Dennison Corp. 0.06% 60,029 $9.7M Add +8.5%
CTRA Coterra Energy Inc. 0.06% 406,991 $9.6M Add +8.6%
FTNT Fortinet Inc. 0.06% 114,400 $9.6M Add +8.8%
WAB Wabtec Corp. 0.06% 47,924 $9.6M Add +9.1%
PSA Public Storage 0.06% 33,098 $9.6M Add +8.5%
DB Deutsche Bank AG-Registered 0.06% 269,900 $9.5M No change
UPS United Parcel Service Class B 0.06% 112,970 $9.4M Add +9.0%
KDP Keurig Dr Pepper Inc. 0.06% 368,626 $9.4M Add +9.2%
HPQ HP Inc. 0.06% 343,947 $9.4M Add +8.6%
CCI Crown Castle Inc. 0.06% 96,200 $9.3M Add +8.7%
SCCO Southern Copper Corp. 0.06% 74,109 $9.0M Add +1.0%
APD Air Products & Chemicals Inc. 0.06% 32,543 $8.9M Add +8.7%
CHD Church & Dwight Co. Inc. 0.06% 100,599 $8.8M Add +9.1%
PAYX Paychex Inc. 0.06% 68,453 $8.7M Add +8.9%
A Agilent Technologies Inc. 0.05% 66,471 $8.5M Reduce -5.0%
EFX Equifax Inc. 0.05% 33,164 $8.5M Add +8.5%
WY Weyerhaeuser Co. 0.05% 340,542 $8.4M Add +8.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.05% 8,838 $8.4M Add +8.6%
HEI Heico Corp. 0.05% 25,900 $8.4M Add +12.6%
GEHC GE Healthcare Technology 0.05% 110,400 $8.3M Add +9.0%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.05% 80,938 $8.3M Add +8.6%
FDX FedEx Corp. 0.05% 34,920 $8.2M Add +8.7%
TGT Target Corp. 0.05% 91,480 $8.2M Add +9.2%
CVNA Carvana Co. 0.05% 21,060 $7.9M Add +8.8%
CPRT Copart Inc. 0.05% 174,688 $7.9M Add +8.9%
FIS Fidelity National Info Serv 0.05% 112,582 $7.4M Add +22.0%
SE Sea Ltd.-ADR 0.05% 41,000 $7.3M Reduce -2.8%
KVUE Kenvue Inc. 0.04% 423,166 $6.9M Add +8.8%
CCEP Coca-Cola Europacific Partne 0.04% 75,200 $6.8M No change
FICO Fair Isaac Corp. 0.04% 4,500 $6.7M Add +9.8%
WRD Weride Inc.-ADR 0.04% 680,000 $6.7M New
IT Gartner Inc. 0.04% 23,401 $6.2M Add +8.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.04% 383,900 $6.1M No change
CAG Conagra Brands Inc. 0.04% 325,200 $6.0M Reduce -20.4%
AUR Aurora Innovation Inc. 0.03% 870,000 $4.7M New
PDD PDD Holdings Inc. 0.03% 34,000 $4.5M No change
RACE Ferrari NV 0.02% 7,900 $3.8M No change
BURL Burlington Stores Inc. 0.02% 15,000 $3.8M New
HEI.A Heico Corp. Class A 0.02% 12,750 $3.2M No change
ARGX Argenx SE - ADR 0.02% 4,000 $3.0M Add +33.3%
ONON On Holding AG Class A filed as ON HLDG AG 0.02% 65,000 $2.8M New
STNE Stoneco Ltd. Class A 0.01% 120,000 $2.3M New
DXCM Dexcom Inc. 0.00% 10,000 $673K No change
MRP Millrose Properties 0.00% 7,957 $267K No change

Portfolio Sells Q2 2025 → Q3 2025

KLMN Invesco MSCI N Amr Climt ETF Reduce -13.8% 15.31% −3.78
INDA iShares MSCI India ETF Reduce -42.2% 0.20% −0.23
KURE Kraneshares MSCI All China H Reduce -43.3% 0.20% −0.13
ALV Autoliv Inc. Sold out 0.00% −0.10
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.09
HES Hess Corp. Sold out 0.00% −0.08
TXN Texas Instruments Inc. Reduce -22.8% 0.12% −0.08
ACN Accenture PLC Class A Reduce -7.3% 0.14% −0.07
ADBE Adobe Inc. Reduce -23.1% 0.11% −0.07
FTAI Ftai Aviation Ltd. Sold out 0.00% −0.07
AMD Advanced Micro Devices Reduce -22.7% 0.19% −0.06
VRTX Vertex Pharmaceuticals Inc. Reduce -4.6% 0.09% −0.03
JCI Johnson Controls Internation Reduce -22.8% 0.07% −0.03
SYK Stryker Corp. Reduce -1.2% 0.12% −0.03
MRVL Marvell Technology Inc. Reduce -22.7% 0.07% −0.03
CAG Conagra Brands Inc. Reduce -20.4% 0.04% −0.02
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.09% −0.02
BDX Becton Dickinson and Co. Reduce -6.2% 0.07% −0.01
MDT Medtronic PLC Reduce -1.3% 0.12% −0.01
A Agilent Technologies Inc. Reduce -5.0% 0.05% −0.01
SE Sea Ltd.-ADR Reduce -2.8% 0.05% −0.00
SRE Sempra Reduce -1.5% 0.09% +0.00

Portfolio Buys Q2 2025 → Q3 2025

IWM iShares Russell 2000 ETF Add +926.9% 2.26% +2.04
ASHR Xtrackers Harvest Csi 300 CH New 0.77% +0.77
EMCS Xtracke MSCI Emer Ms ETF-Usd Add +16.1% 6.19% +0.66
GOOGL Alphabet Inc. Class A Add +8.7% 2.51% +0.59
NVDA Nvidia Corp. Add +7.1% 4.75% +0.43
AAPL Apple Inc. Add +2.6% 3.90% +0.38
TSLA Tesla Inc. Add +11.3% 1.12% +0.29
ORCL Oracle Corp. Add +54.7% 0.63% +0.27
AVGO Broadcom Inc. Add +6.6% 1.31% +0.13
JPM JPMorgan Chase & Co. Add +21.7% 0.91% +0.12
MJSC Mufg Japan S Cap Active ETF New 0.11% +0.11
CVX Chevron Corp. Add +47.3% 0.34% +0.10
APP AppLovin Corp. Class A Add +8.7% 0.17% +0.08
PLTR Palantir Technologies Inc. Class A Add +8.7% 0.37% +0.08
ABBV Abbvie Inc. Add +8.8% 0.39% +0.06
JNJ Johnson & Johnson Add +8.9% 0.45% +0.06
BAC Bank of America Corp. Add +21.7% 0.40% +0.05
HOOD Robinhood Markets Inc. Class A Add +21.5% 0.14% +0.05
LRCX Lam Research Corp. Add +8.7% 0.22% +0.05
GOOG Alphabet Inc. Class C Add +2.9% 0.27% +0.05
C Citigroup Inc. Add +21.9% 0.22% +0.05
GS Goldman Sachs Group Inc. Add +22.1% 0.28% +0.05
ANET Arista Networks Inc. Add +8.7% 0.17% +0.04
INTC Intel Corp. Add +8.7% 0.15% +0.04
WRD Weride Inc.-ADR New 0.04% +0.04
AEM Agnico Eagle Mines Ltd. Add +8.5% 0.17% +0.04
MU Micron Technology Inc. Add +8.8% 0.19% +0.04
CAT Caterpillar Inc. Add +13.3% 0.24% +0.04
GE General Electric Add +12.1% 0.33% +0.04
NEM Newmont Corp. Add +8.6% 0.15% +0.04
GLW Corning Inc. Add +8.8% 0.12% +0.04
MS Morgan Stanley Add +21.9% 0.22% +0.04
HD Home Depot Inc. Add +13.8% 0.41% +0.04
MA Mastercard Inc. Class A Add +21.6% 0.52% +0.03
SHOP Shopify Inc. Class A Add +8.7% 0.19% +0.03
UNH Unitedhealth Group Inc. Add +15.8% 0.32% +0.03
AUR Aurora Innovation Inc. New 0.03% +0.03
BLK BlackRock Inc. Add +22.1% 0.19% +0.03
WFC Wells Fargo & Co. Add +21.9% 0.29% +0.03
GEV GE Vernova Inc. Add +16.9% 0.18% +0.03
BX Blackstone Inc. Add +22.0% 0.15% +0.03
APH Amphenol Corp. Class A Add +8.7% 0.17% +0.03
TEL Te Connectivity PLC Add +8.8% 0.13% +0.03
BNY Bank of New York Mellon Corp. Add +22.0% 0.12% +0.03
NKE Nike Inc. Class B Add +52.0% 0.11% +0.02
TJX TJX Companies Inc. Add +14.9% 0.17% +0.02
WMT Walmart Inc. Add +15.0% 0.47% +0.02
BURL Burlington Stores Inc. New 0.02% +0.02
CMI Cummins Inc. Add +14.3% 0.11% +0.02
TMO Thermo Fisher Scientific Inc. Add +8.6% 0.20% +0.02

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