SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Varma Mutual Pension Insurance Co

CIK 0001698484 · SALMISAARENRANTA 11, HELSINKI, 00180 · 358-50-910-1690

Reported Value
$5.7B
Q4 2020
Positions
201
Filings on Record
30
2019–present window
Filed
Feb 9, 2021
original filing

Summary

Varma Mutual Pension Insurance Co reported $5.7B in U.S.-listed holdings across 201 positions for Q4 2020.

Its largest position, Ishares Inc Core, represents 15.5% of the portfolio.

Compared with Q3 2020, the fund opened 39 new positions and exited 20.

Portfolio Metrics

Turnover
+28.3%
vs prior filed quarter
Top-10 Concentration
+61.8%
share of reported value
Largest Position
+15.5%
Ishares Inc Core
New / Exited
39 / 20
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.1BQ4 ’18Q1 ’19: $5.6BQ2 ’19: $5.0BQ3 ’19: $6.5BQ4 ’19: $5.2BQ4 ’19Q1 ’20: $3.3BQ2 ’20: $4.3BQ3 ’20: $3.6BQ4 ’20: $5.7BQ4 ’20Q1 ’21: $6.9BQ2 ’21: $6.8BQ3 ’21: $6.6BQ4 ’21: $6.9BQ4 ’21Q1 ’22: $8.6BQ2 ’22: $6.2BQ3 ’22: $5.9BQ4 ’22: $7.1BQ4 ’22Q1 ’23: $8.2BQ2 ’23: $8.4BQ3 ’23: $8.3BQ4 ’23: $8.9BQ4 ’23Q1 ’24: $11.5BQ2 ’24: $12.4BQ3 ’24: $12.6BQ4 ’24: $13.2BQ4 ’24Q1 ’25: $11.6BQ2 ’25: $13.6BQ3 ’25: $15.6BQ4 ’25: $16.5BQ4 ’25Q1 ’26: $17.0Bfilingsflow.com

Portfolio Composition

By security type
ETP: 58.6%Common Stock: 39.6%Other: 0.9%ADR: 0.7%REIT: 0.1%
  • ETP · 58.6% · $3.3B
  • Common Stock · 39.6% · $2.3B
  • Other · 0.9% · $53M
  • ADR · 0.7% · $40M
  • REIT · 0.1% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TR JPMORGAN USD EMGNEW+2.90M2.90M+$336M$336M
ESGEISHARES INC ESG AWRNEW+6.05M6.05M+$254M$254M
WDAYWORKDAY INCNEW+150.0K150.0K+$36M$36M
GENERAL ELECTRIC CONEW+2.50M2.50M+$27M$27M
HWMHOWMET AEROSPACE INC COM USD1.00 WINEW+513.4K513.4K+$15M$15M
CMICUMMINS INCNEW+50.0K50.0K+$11M$11M
HASIHANNON ARMSTRONG SUST INFR CNEW+175.0K175.0K+$11M$11M
CSXCSX CORPNEW+122.0K122.0K+$11M$11M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES INC COREMSCI EMKT15.47%$879M14.17M
2ISHARES TR MSCI EMG MKT ETFETF CLASS A9.06%$515M9.96M
3INVESCO EXCH TRADED FD TR II KBWKBW BK ETF7.31%$416M8.26M
4AAPLAPPLE INChistory →COM5.93%$337M2.54M
5ISHARES TR JPMORGAN USD EMGEMG ETF5.92%$336M2.90M
6MSFTMICROSOFT CORPhistory →COM5.18%$294M1.32M
7ESGEISHARES INC ESG AWRhistory →MSCI EM4.47%$254M6.05M
8VANGUARD SCOTTSDALE FDS INT-TERM CORPCLASS A3.50%$199M2.05M
9DBX ETF TR XTRACK HRVSTCSI2.65%$151M3.76M
10ISHARES TR IBOXX HI YD ETFETF CLASS A2.30%$131M1.50M
11SPDR SER TR S&P REGL BKGCLASS A2.11%$120M2.31M
12ISHARES TR IBOXX INV CP ETFETF CLASS A1.88%$107M771.8K
13NVDANVIDIA CORPhistory →COM1.58%$90M171.8K
14ADBEADOBE INChistory →COM1.34%$76M152.6K
15AVGOBROADCOM INChistory →COM1.28%$73M165.9K
16PYPLPAYPAL HLDGS INChistory →COM1.15%$66M279.9K
17MAMASTERCARD INCORPORATEDhistory →A CLASS A0.97%$55M154.5K
18AMDADVANCED MICRO DEVICES INChistory →COM0.97%$55M600.0K
19NDQINVESCO QQQ TRhistory →UNIT SER 10.94%$53M169.8K
20METAFACEBOOK INChistory →CL A0.78%$45M163.2K
21GOOGALPHABET INC CAP STKhistory →CAP STK CL C0.77%$44M25.0K
22VVISA INC COMhistory →COM0.74%$42M192.2K
23TSLATESLA INChistory →COM0.69%$39M55.8K
24DDOGDATADOG INChistory →COM CL A0.69%$39M400.0K
25WDAYWORKDAY INChistory →COM0.63%$36M150.0K
26FIRST TR EXCHANGE TRADED FDNASDAQ CYB0.62%$36M800.0K
27CRMSALESFORCE COM INChistory →COM0.56%$32M142.7K
28ATVIEURACTIVISION BLIZZARD INChistory →COM0.54%$31M330.0K
29ISHARES INC MSCI HONG KG ETFETF CLASS A0.48%$27M1.10M
30GENERAL ELECTRIC COCOM0.48%$27M2.50M
31JNJJOHNSON & JOHNSONhistory →COM CLASS A0.45%$26M163.7K
32VANGUARD INDEX FDS S&P 500 ETF SHSCLASS A0.45%$26M74.7K
33UNPUNION PAC CORPhistory →COM0.39%$22M107.6K
34UNHUNITEDHEALTH GROUP INChistory →COM0.38%$21M60.9K
35ISHARES TR RUSSELL 2000 ETFRUSSELL 2000 ETF0.35%$20M102.2K
36UPSUNITED PARCEL SVC INChistory →CL B0.34%$19M115.0K
37PGPROCTER & GAMBLEhistory →COM0.33%$19M135.8K
38HDHOME DEPOT INChistory →COM0.32%$18M69.2K
39DADA NEXUS LTDADS0.32%$18M500.0K
40CATCATERPILLAR INC DELhistory →COM0.32%$18M99.3K
41KRANESHARES TR CSICHI INTERNET0.31%$18M231.2K
42XYZSQUARE INChistory →CL A0.31%$18M80.9K
43PFEPFIZER INChistory →COM0.28%$16M428.3K
44FDXFEDEX CORPhistory →COM0.27%$16M60.0K
45SPLKCHFSPLUNK INChistory →COM0.27%$15M90.0K
46XPOXPO LOGISTICS INChistory →COM0.26%$15M124.9K
47HWMHOWMET AEROSPACE INC COM USD1.00 WIhistory →COM0.26%$15M513.4K
48TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.25%$14M30.4K
49OTISOTIS WORLDWIDE CORPhistory →COM0.24%$13M198.0K
50KOCOCA COLA COhistory →COM0.23%$13M243.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$17.0B319May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$16.5B308Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$15.6B312Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$13.6B309Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$11.6B320May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$13.2B322Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$12.6B317Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$12.4B346Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$11.5B355May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$8.9B280Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$8.3B210Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$8.4B214Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$8.2B215May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$7.1B230Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.9B205Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.2B190Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$8.6B205May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.9B217Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.6B224Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$6.8B228Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.9B234May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.7B201Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$3.6B181Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.3B152Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.3B88May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.2B72Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.5B68Oct 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$5.0B64Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$5.6B56May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.1B48Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.