13F Insight
DOSSIER · 13F-HR · Q1 2026

Varma Mutual Pension Insurance Co

$17.0B in tracked AUM across 319 positions as of Q1 2026.

VM
CIK 0001698484 · last filed Mar 31, 2026
Total AUM
$17.0B
as of Q1 2026
Holdings
319
—
positions
Whale Score
67
67
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Varma Mutual Pension Insurance Co filed Q1 2026 13F-HR with $17.0B in disclosed U.S. equity holdings The portfolio is led by Unknown exposure, with top positions including IGV (9.6%), KLMN (8.8%), KLMT (8.0%). Quarter-over-quarter activity shows 9 new entries and 9 exits, with a net reductive posture across 59 changed positions. Notable reduction: KLMN (41.2% reduction) (INVESCO EXCH TRADED FD TR II).

Varma Mutual Pension Insurance Co reports $17.0B in U.S. equity holdings for Q1 2026, anchored by a Unknown-centric allocation. The top five positions by value span IGV + KLMN + KLMT + XLE + EMCS, collectively representing a meaningful concentration within the disclosed book.

Core Holdings

  • IGV (ISHARES TR) — $1.6B (9.6%)
  • KLMN (INVESCO EXCH TRADED FD TR II) — $1.5B (8.8%)
  • KLMT (INVESCO EXCH TRADED FD TR II) — $1.4B (8.0%)
  • XLE (SELECT SECTOR SPDR TR) — $0.9B (5.1%)
  • EMCS (DBX ETF TR) — $0.8B (4.5%)

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
IGV
ISHARES TR
$1.6B20.4M9.6%02
KLMN
INVESCO EXCH TRADED FD TR II
$1.5B56.0M8.8%03
KLMT
INVESCO EXCH TRADED FD TR II
$1.4B44.9M8.0%04
XLE
SELECT SECTOR SPDR TR
$862M14.1M5.1%05
EMCS
DBX ETF TR
$766M20.6M4.5%06
NVDA
NVIDIA CORPORATION
$682M3.9M4.0%07
AAPL
APPLE INC
$618M2.4M3.6%08
GOOGL
ALPHABET INC
$443M1.5M2.6%09
MSFT
MICROSOFT CORP
$414M1.1M2.4%10
LCTU
BLACKROCK ETF TRUST
$338M4.8M2.0%

Filing history

2026Q1Mar 31
$17.0B▲ 2.7%
319 positionsView →2025Q4Dec 31
$16.5B▲ 6.1%
308 positionsView →2025Q3Sep 30
$15.6B▲ 14.9%
312 positionsView →2025Q2Jun 30
$13.6B▲ 16.7%
309 positionsLocked2025Q1Mar 31
$11.6B▼ 11.7%
320 positionsLocked2024Q4Dec 31
$13.2B▲ 4.2%
322 positionsLocked2024Q3Sep 30
$12.6B▲ 1.5%
317 positionsLocked2024Q2Jun 30
$12.4B▲ 7.8%
346 positionsLocked2024Q1Mar 31
$11.5B▲ 29.6%
355 positionsLocked2023Q4Dec 31
$8.9B▲ 7.7%
280 positionsLocked2023Q3Sep 30
$8.3B▼ 1.1%
210 positionsLocked2023Q2Jun 30
$8.4B▲ 2.0%
214 positionsLocked
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