Varma Mutual Pension Insurance Co Form 13F-HR Filed 2024-05-13

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	July 31, 2015
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO COM	COM	88579Y101	14,234,594	134,200	SH		SOLE		134,200	0	0
ABBOTT LAB COM	COM	002824100	39,155,870	344,500	SH		SOLE		344,500	0	0
ABBVIE INC COM USD0.01	COM	00287Y109	60,602,880	332,800	SH		SOLE		332,800	0	0
ACADEMY SPORTS & OUTDOORS INC COM	COM	00402L107	16,209,600	240,000	SH		SOLE		240,000	0	0
ACCENTURE PLC CLS A	CLASS A	G1151C101	42,667,691	123,100	SH		SOLE		123,100	0	0
ADOBE INC COM	COM	00724F101	42,953,065	85,123	SH		SOLE		85,123	0	0
ADR ALIBABA GRP HLDG LTD SPON ADS E ACH REP 8 ORD SHS ADS	SPONSORED ADS	01609W102	15,854,076	219,100	SH		SOLE		219,100	0	0
ADR ARGENX SE SPONSORED ADS	SPONSORED ADS	04016X101	1,968,600	5,000	SH		SOLE		5,000	0	0
ADR BAIDU INC SPON ADS EACH REP 8 ORD SHS	ADR REP A	056752108	5,137,348	48,797	SH		SOLE		48,797	0	0
ADR JD COM INC SPONSORED ADR REPSTG COM CL A	CL A	47215P106	6,732,462	245,800	SH		SOLE		245,800	0	0
ADR NETEASE INC SPONSORED ADR ADR EACH REPR 25 COM STK USD0.0001	SPONSORED ADS	64110W102	6,818,362	65,897	SH		SOLE		65,897	0	0
ADR PDD HOLDINGS INC SPON ADS EACH REP 4 ORD SHS	SPONSORED ADS	722304102	7,951,500	68,400	SH		SOLE		68,400	0	0
ADR TAIWAN SEMICONDUCTOR MANUFACTURING ADS REP 5 TWD10	SPONSORED ADS	874039100	36,202,905	266,100	SH		SOLE		266,100	0	0
ADVANCED MICRO DEVICES INC COM	COM	007903107	55,937,821	309,922	SH		SOLE		309,922	0	0
AFLAC INC COM	COM	001055102	13,299,714	154,900	SH		SOLE		154,900	0	0
AGCO CORP COM	COM	001084102	18,576,020	151,000	SH		SOLE		151,000	0	0
AGILENT TECHNOLOGIES INC COM	COM	00846U101	13,808,899	94,900	SH		SOLE		94,900	0	0
AGNICO EAGLE MINES LTD COM NPV	COM	008474108	13,256,247	222,100	SH		SOLE		222,100	0	0
AIR PROD & CHEM INC COM	COM	009158106	11,968,138	49,400	SH		SOLE		49,400	0	0
AIRBNB INC CL A COM USD0.0001 CL A	CL A	009066101	16,496,000	100,000	SH		SOLE		100,000	0	0
ALEXANDRIA REAL ESTATE EQUITIES INC COM	COM	015271109	11,447,208	88,800	SH		SOLE		88,800	0	0
ALPHABET INC CAP STK USD0.001 CL C	CAP STK CL C	02079K107	24,420,220	160,385	SH		SOLE		160,385	0	0
ALPHABET INC CAPITAL STOCK USD0.001 CL A	CAP STK CL A	02079K305	319,636,384	2,117,779	SH		SOLE		2,117,779	0	0
AMAZON COM INC COM	COM	023135106	376,693,326	2,088,332	SH		SOLE		2,088,332	0	0
AMERICAN EAGLE OUTFITTERS INC NEW COM	COM	02553E106	19,394,080	752,000	SH		SOLE		752,000	0	0
AMERICAN EXPRESS CO	COM	025816109	33,265,509	146,100	SH		SOLE		146,100	0	0
AMERICAN INTERNATIONAL GROUP INC COM	COM NEW	026874784	17,744,590	227,000	SH		SOLE		227,000	0	0
AMERICAN TOWER CORP	COM	03027X100	19,660,205	99,500	SH		SOLE		99,500	0	0
AMERICAN WTR WKS CO INC NEW COM	COM	030420103	10,522,281	86,100	SH		SOLE		86,100	0	0
AMERIPRISE FINL INC COM	COM	03076C106	15,345,400	35,000	SH		SOLE		35,000	0	0
AMETEK INC NEW COM	COM	031100100	14,056,230	76,852	SH		SOLE		76,852	0	0
AMGEN INC COM	COM	031162100	29,427,120	103,500	SH		SOLE		103,500	0	0
AMKOR TECHNOLOGY INC COM	COM	031652100	10,910,016	338,400	SH		SOLE		338,400	0	0
AMPHENOL CORP NEW CL A	CL A	032095101	18,456,000	160,000	SH		SOLE		160,000	0	0
ANALOG DEVICES INC COM	COM	032654105	23,937,930	121,027	SH		SOLE		121,027	0	0
AON PLC	CL A	G0403H108	19,155,528	57,400	SH		SOLE		57,400	0	0
APOLLO GLOBAL MANAGEMENT INC COM USD0.00001	COM	03769M106	15,473,120	137,600	SH		SOLE		137,600	0	0
APPLE INC COM STK	COM	037833100	467,583,604	2,726,753	SH		SOLE		2,726,753	0	0
APPLIED MATERIALS INC COM	COM	038222105	37,925,697	183,900	SH		SOLE		183,900	0	0
ARCH CAPITAL GROUP COM STK	ORD	G0450A105	12,118,884	131,100	SH		SOLE		131,100	0	0
ARISTA NETWORKS INC COM	COM	040413106	16,731,846	57,700	SH		SOLE		57,700	0	0
AT&T INC COM	COM	00206R102	24,836,644	1,411,173	SH		SOLE		1,411,173	0	0
AUTODESK INC COM	COM	052769106	16,614,796	63,800	SH		SOLE		63,800	0	0
AUTOMATIC DATA PROCESSING INC COM	COM	053015103	21,584,528	86,428	SH		SOLE		86,428	0	0
AUTOZONE INC COM	COM	053332102	13,520,578	4,290	SH		SOLE		4,290	0	0
AVALONBAY CMNTYS REIT	COM	053484101	12,822,196	69,100	SH		SOLE		69,100	0	0
BAKER HUGHES CO	CL A	05722G100	12,542,400	374,400	SH		SOLE		374,400	0	0
BANK NEW YORK MELLON CORP COM STK	COM	064058100	15,551,638	269,900	SH		SOLE		269,900	0	0
BANK OF AMERICA CORP	COM	060505104	59,249,203	1,562,479	SH		SOLE		1,562,479	0	0
BANK OF MONTREAL COM NPV	COM	063671101	23,298,281	238,400	SH		SOLE		238,400	0	0
BECTON DICKINSON & CO COM	COM	075887109	14,797,510	59,800	SH		SOLE		59,800	0	0
BIOGEN INC COMMON STOCK	COM	09062X103	8,819,267	40,900	SH		SOLE		40,900	0	0
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010	COM	09061G101	2,620,200	30,000	SH		SOLE		30,000	0	0
BK OF NOVA SCOTIA COM NPV	COM	064149107	21,783,446	420,700	SH		SOLE		420,700	0	0
BLACKROCK INC COM STK	COM	09247X101	29,096,130	34,900	SH		SOLE		34,900	0	0
BLACKSTONE INC COM USD0.00001	COM	09260D107	23,121,120	176,000	SH		SOLE		176,000	0	0
BLOCK INC	CL A	852234103	15,588,094	184,300	SH		SOLE		184,300	0	0
BOOKING HLDGS INC COM	COM	09857L108	28,406,300	7,830	SH		SOLE		7,830	0	0
BOSTON SCIENTIFIC CORP COM	COM	101137107	26,998,758	394,200	SH		SOLE		394,200	0	0
BOX INC CL A CL A	CL A	10316T104	13,330,224	470,700	SH		SOLE		470,700	0	0
BRADY CORP CL A CL A	CL A	104674106	6,639,360	112,000	SH		SOLE		112,000	0	0
BRISTOL MYERS SQUIBB CO COM	COM	110122108	23,465,321	432,700	SH		SOLE		432,700	0	0
BROADCOM INC COM	COM	11135F101	104,474,117	78,824	SH		SOLE		78,824	0	0
BROOKFIELD CORP CLASS A LTD VOTING SHS	CL A LTD VT SH	11271J107	19,300,309	460,800	SH		SOLE		460,800	0	0
BUNGE GLOBAL SA F COMMON STOCK	SHS	H11356104	18,863,680	184,000	SH		SOLE		184,000	0	0
CABOT CORP COM	COM	127055101	12,769,700	138,500	SH		SOLE		138,500	0	0
CACI INTL INC CL A CL A	CL A	127190304	15,910,860	42,000	SH		SOLE		42,000	0	0
CADENCE DESIGN SYS INC COM	COM	127387108	19,616,243	63,018	SH		SOLE		63,018	0	0
CANADIAN IMP BANK COM NPV	COM	136069101	18,161,457	357,900	SH		SOLE		357,900	0	0
CAPITAL ONE FINL CORP COM	COM	14040H105	17,464,797	117,300	SH		SOLE		117,300	0	0
CARGURUS INC CL A CL A	CL A	141788109	9,086,596	393,700	SH		SOLE		393,700	0	0
CARPENTER TECHNOLOGY CORP COM	COM	144285103	11,534,330	161,500	SH		SOLE		161,500	0	0
CARRIER GLOBAL CORPORATION COM USD0.01 WI	COM	14448C104	12,388,316	213,114	SH		SOLE		213,114	0	0
CATERPILLAR INC COM	COM	149123101	36,568,248	99,796	SH		SOLE		99,796	0	0
CDN NATL RAILWAYS COM NPV	COM	136375102	21,314,770	161,710	SH		SOLE		161,710	0	0
CDN PAC KANS CY COM NPV	COM	13646K108	22,123,563	250,680	SH		SOLE		250,680	0	0
CENCORA INC	COM	03073E105	14,627,998	60,200	SH		SOLE		60,200	0	0
CENTENE CORP DEL COM	COM	15135B101	10,469,232	133,400	SH		SOLE		133,400	0	0
CGI INC	CL A SUB VTG	12532H104	13,163,309	119,200	SH		SOLE		119,200	0	0
CHARTER COMMUNICATIONS INC NEW CL A CL A	CL A	16119P108	7,556,089	25,999	SH		SOLE		25,999	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	11,725,056	72,700	SH		SOLE		72,700	0	0
CHEVRON CORP COM	COM	166764100	67,102,596	425,400	SH		SOLE		425,400	0	0
CHEWY INC CLASS A	CL A	16679L109	5,568,500	350,000	SH		SOLE		350,000	0	0
CHIPOTLE MEXICAN GRILL INC COM STK	COM	169656105	19,184,682	6,600	SH		SOLE		6,600	0	0
CHUBB LTD ORD CHF24.15	COM	H1467J104	24,980,132	96,400	SH		SOLE		96,400	0	0
CHURCH & DWIGHT INC COM	COM	171340102	10,754,361	103,100	SH		SOLE		103,100	0	0
CINTAS CORP COM	COM	172908105	15,695,200	22,845	SH		SOLE		22,845	0	0
CISCO SYSTEMS INC	COM	17275R102	39,803,873	797,513	SH		SOLE		797,513	0	0
CITIGROUP INC COM NEW COM NEW	COM NEW	172967424	30,873,768	488,200	SH		SOLE		488,200	0	0
CME GROUP INC COM STK	COM	12572Q105	18,557,998	86,200	SH		SOLE		86,200	0	0
COCA COLA CO COM	COM	191216100	49,598,626	810,700	SH		SOLE		810,700	0	0
COGNIZANT TECH SOLUTIONS CORP CL A	CL A	192446102	12,356,694	168,600	SH		SOLE		168,600	0	0
COINBASE GLOBAL INC COM CL A	CL A	19260Q107	15,085,328	56,900	SH		SOLE		56,900	0	0
COLGATE-PALMOLIVE CO COM	COM	194162103	18,838,460	209,200	SH		SOLE		209,200	0	0
COMCAST CORP NEW-CL A	CL A	20030N101	35,255,774	813,282	SH		SOLE		813,282	0	0
CONOCOPHILLIPS COM	COM	20825C104	43,160,648	339,100	SH		SOLE		339,100	0	0
CONS EDISON INC COM	COM	209115104	12,604,428	138,800	SH		SOLE		138,800	0	0
CONSTELLATION BRANDS INC CL A CL A	CL A	21036P108	11,169,336	41,100	SH		SOLE		41,100	0	0
COPART INC COM	COM	217204106	14,564,273	251,455	SH		SOLE		251,455	0	0
CORNING INC COM	COM	219350105	11,285,504	342,400	SH		SOLE		342,400	0	0
CORTEVA INC COM USD0.01 WI	COM	22052L104	15,109,540	262,000	SH		SOLE		262,000	0	0
COSTCO WHOLESALE CORP NEW COM	COM	22160K105	55,679,880	76,000	SH		SOLE		76,000	0	0
CROWDSTRIKE HLDGS INC CL A CL A	CL A	22788C105	17,728,627	55,300	SH		SOLE		55,300	0	0
CROWN CASTLE INC COM	COM	22822V101	10,836,992	102,400	SH		SOLE		102,400	0	0
CSX CORP COM STK	COM	126408103	17,987,105	485,220	SH		SOLE		485,220	0	0
CUMMINS INC	COM	231021106	17,098,539	58,030	SH		SOLE		58,030	0	0
CVS HEALTH CORP COM	COM	126650100	19,357,752	242,700	SH		SOLE		242,700	0	0
D R HORTON INC COM	COM	23331A109	13,131,090	79,800	SH		SOLE		79,800	0	0
DANAHER CORP COM	COM	235851102	33,911,976	135,800	SH		SOLE		135,800	0	0
DEERE & CO COM	COM	244199105	23,010,065	56,021	SH		SOLE		56,021	0	0
DEVON ENERGY CORP NEW COM	COM	25179M103	16,037,528	319,600	SH		SOLE		319,600	0	0
DEXCOM INC COM	COM	252131107	13,870,000	100,000	SH		SOLE		100,000	0	0
DIAMONDBACK ENERGY INC COM	COM	25278X109	20,431,327	103,100	SH		SOLE		103,100	0	0
DIGITAL RLTY TR INC COM	COM	253868103	11,768,068	81,700	SH		SOLE		81,700	0	0
DISCOVER FINL SVCS COM STK	COM	254709108	15,796,345	120,500	SH		SOLE		120,500	0	0
DOVER CORP COM USD1.00	COM	260003108	17,385,528	98,118	SH		SOLE		98,118	0	0
DUPONT DE NEMOURS INC COMMON STOCK	COM	26614N102	11,592,504	151,200	SH		SOLE		151,200	0	0
DYNATRACE INC COM	COM NEW	268150109	16,764,840	361,000	SH		SOLE		361,000	0	0
EATON CORP PLC COM USD0.50	SHS	G29183103	30,162,988	96,466	SH		SOLE		96,466	0	0
ECOLAB INC COM STK USD1	COM	278865100	16,278,450	70,500	SH		SOLE		70,500	0	0
EDGEWELL PERS CARE CO COM	COM	28035Q102	6,027,840	156,000	SH		SOLE		156,000	0	0
EDISON INTL COM	COM	281020107	11,818,983	167,100	SH		SOLE		167,100	0	0
EDWARDS LIFESCIENCES CORP COM	COM	28176E108	18,777,540	196,500	SH		SOLE		196,500	0	0
ELEVANCE HEALTH INC	COM	036752103	22,660,198	43,700	SH		SOLE		43,700	0	0
ELI LILLY & CO COM	COM	532457108	111,149,479	142,873	SH		SOLE		142,873	0	0
EMERSON ELECTRIC CO COM	COM	291011104	19,833,415	174,867	SH		SOLE		174,867	0	0
ENBRIDGE INC COM NPV	COM	29250N105	27,530,644	761,100	SH		SOLE		761,100	0	0
EOG RESOURCES INC COM	COM	26875P101	24,711,472	193,300	SH		SOLE		193,300	0	0
EQTY RESDNTL EFF 5/15/02	SH BEN INT	29476L107	12,300,139	194,900	SH		SOLE		194,900	0	0
EQUIFAX INC COM	COM	294429105	11,503,360	43,000	SH		SOLE		43,000	0	0
EQUINIX INC COM PAR $0.001	COM	29444U700	19,230,189	23,300	SH		SOLE		23,300	0	0
ESTEE LAUDER COMPANIES INC CL A USD0.01	CL A	518439104	13,041,090	84,600	SH		SOLE		84,600	0	0
EVERSOURCE ENERGY COM	COM	30040W108	13,035,837	218,100	SH		SOLE		218,100	0	0
EXELON CORP COM	COM	30161N101	11,154,533	296,900	SH		SOLE		296,900	0	0
EXXON MOBIL CORP COM	COM	30231G102	105,173,952	904,800	SH		SOLE		904,800	0	0
F5 INC COM STK NPV	COM	315616102	16,683,920	88,000	SH		SOLE		88,000	0	0
FABRINET COM USD0.01	SHS	G3323L100	14,932,580	79,000	SH		SOLE		79,000	0	0
FEDEX CORP COM	COM	31428X106	13,749,611	47,455	SH		SOLE		47,455	0	0
FERRARI N V FERRARI N V COMMON S TOCK	COM	N3167Y103	5,231,280	12,000	SH		SOLE		12,000	0	0
FIDELITY NATL INFORMATION SVCS INC COM STK	COM	31620M106	14,242,560	192,000	SH		SOLE		192,000	0	0
FISERV INC COM	COM	337738108	25,059,776	156,800	SH		SOLE		156,800	0	0
FLOWSERVE CORP COM	COM	34354P105	10,702,824	234,300	SH		SOLE		234,300	0	0
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01	COM	345370860	14,423,408	1,086,100	SH		SOLE		1,086,100	0	0
FORMFACTOR INC COM STK	COM	346375108	8,126,703	178,100	SH		SOLE		178,100	0	0
FORTINET INC COM	COM	34959E109	12,166,011	178,100	SH		SOLE		178,100	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	25,174,508	535,400	SH		SOLE		535,400	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	15,802,528	63,200	SH		SOLE		63,200	0	0
GATES INDL CORP PL COM USD0.01	SHS	G39108108	18,825,730	1,063,000	SH		SOLE		1,063,000	0	0
GEN MTRS CO COM	COM	37045V100	18,747,690	413,400	SH		SOLE		413,400	0	0
GENERAL ELEC CO COM NEW	COM NEW	369604301	38,305,736	218,229	SH		SOLE		218,229	0	0
GENERAL MILLS INC COM	COM	370334104	14,511,778	207,400	SH		SOLE		207,400	0	0
GENPACT LIMITED COM STK USD0.01	SHS	G3922B107	16,330,020	495,600	SH		SOLE		495,600	0	0
GILEAD SCIENCES INC	COM	375558103	19,733,550	269,400	SH		SOLE		269,400	0	0
GOLDMAN SACHS GROUP INC COM	COM	38141G104	33,415,200	80,000	SH		SOLE		80,000	0	0
GRACO INC COM	COM	384109104	17,196,640	184,000	SH		SOLE		184,000	0	0
HALLIBURTON CO COM	COM	406216101	16,903,296	428,800	SH		SOLE		428,800	0	0
HCA HEALTHCARE INC COM	COM	40412C101	14,074,966	42,200	SH		SOLE		42,200	0	0
HEALTHPEAK OP LLC	COM	42250P103	13,125,000	700,000	SH		SOLE		700,000	0	0
HEICO CORP NEW CL A CL A	CL A	422806208	2,332,191	15,150	SH		SOLE		15,150	0	0
HEICO CORP NEW COM	COM	422806109	9,129,800	47,800	SH		SOLE		47,800	0	0
HERSHEY COMPANY COM STK USD1	COM	427866108	12,000,650	61,700	SH		SOLE		61,700	0	0
HESS CORP COM STK	COM	42809H107	18,209,952	119,300	SH		SOLE		119,300	0	0
HILTON WORLDWIDE HLDGS INC COM NEW COM NEW	COM	43300A203	21,906,937	102,700	SH		SOLE		102,700	0	0
HOME DEPOT INC COM	COM	437076102	69,104,772	180,148	SH		SOLE		180,148	0	0
HOWMET AEROSPACE INC COM USD1.00 WI	COM	443201108	13,242,026	193,512	SH		SOLE		193,512	0	0
HUMANA INC COM	COM	444859102	9,084,064	26,200	SH		SOLE		26,200	0	0
IDEXX LABS INC COM	COM	45168D104	11,662,488	21,600	SH		SOLE		21,600	0	0
ILL TOOL WKS INC COM	COM	452308109	18,154,939	67,659	SH		SOLE		67,659	0	0
INGERSOLL RAND INC COM	COM	45687V106	14,866,321	156,570	SH		SOLE		156,570	0	0
INGREDION INC COM	COM	457187102	16,896,510	144,600	SH		SOLE		144,600	0	0
INTEL CORP COM	COM	458140100	33,454,358	757,400	SH		SOLE		757,400	0	0
INTERCONTINENTAL EXCHANGE INC COM	COM	45866F104	20,930,589	152,300	SH		SOLE		152,300	0	0
INTERNATIONAL BUSINESS MACHS CORP COM	COM	459200101	32,997,888	172,800	SH		SOLE		172,800	0	0
INTERPUBLIC GROUP COMPANIES INC COM	COM	460690100	17,271,059	529,300	SH		SOLE		529,300	0	0
INTUIT COM	COM	461202103	38,333,750	58,975	SH		SOLE		58,975	0	0
INTUITIVE SURGICAL INC COM NEW STK	COM NEW	46120E602	28,574,844	71,600	SH		SOLE		71,600	0	0
IQVIA HLDGS INC COM USD0.01	COM	46266C105	12,695,078	50,200	SH		SOLE		50,200	0	0
ITT INC COM	COM	45073V108	18,241,623	134,100	SH		SOLE		134,100	0	0
JACOBS SOLUTIONS INC COM	COM	46982L108	17,801,934	115,800	SH		SOLE		115,800	0	0
JOHNSON & JOHNSON COM USD1	COM	478160104	70,600,197	446,300	SH		SOLE		446,300	0	0
JOHNSON CTLS INTL PLC COM USD0.01	SHS	G51502105	13,623,400	208,564	SH		SOLE		208,564	0	0
JPMORGAN CHASE & CO COM	COM	46625H100	118,457,420	591,400	SH		SOLE		591,400	0	0
KB HOME COM	COM	48666K109	17,365,600	245,000	SH		SOLE		245,000	0	0
KELLANOVA COM USD0.25	COM	487836108	11,056,970	193,000	SH		SOLE		193,000	0	0
KENVUE INC COM	COM	49177J102	10,060,448	468,800	SH		SOLE		468,800	0	0
KEURIG DR PEPPER INC COM	COM	49271V100	11,547,255	376,500	SH		SOLE		376,500	0	0
KIMBERLY-CLARK CORP COM	COM	494368103	13,982,735	108,100	SH		SOLE		108,100	0	0
KIMCO REALTY CORPORATION	COM	49446R109	11,052,196	563,600	SH		SOLE		563,600	0	0
KINDER MORGAN INC DEL COM	COM	49456B101	14,888,412	811,800	SH		SOLE		811,800	0	0
KKR & CO INC CL A CL A	COM	48251W104	17,490,862	173,900	SH		SOLE		173,900	0	0
KLA CORPORATION COM USD0.001	COM NEW	482480100	21,608,167	30,932	SH		SOLE		30,932	0	0
KORN FERRY COM	COM NEW	500643200	6,819,312	103,700	SH		SOLE		103,700	0	0
L3HARRIS TECHNOLOGIES INC COM	COM	502431109	15,994,220	75,055	SH		SOLE		75,055	0	0
LAM RESH CORP COM	COM	512807108	32,450,438	33,400	SH		SOLE		33,400	0	0
LEAR CORP COM NEW COM NEW	COM NEW	521865204	17,675,360	122,000	SH		SOLE		122,000	0	0
LENNAR CORP CL A CL A	CL A	526057104	12,537,342	72,900	SH		SOLE		72,900	0	0
LINDE PLC	SHS	G54950103	44,342,560	95,500	SH		SOLE		95,500	0	0
LINDSAY CORPORATION COM	COM	535555106	2,953,266	25,100	SH		SOLE		25,100	0	0
LOWES COS INC COM	COM	548661107	28,351,703	111,301	SH		SOLE		111,301	0	0
LULULEMON ATHLETICA INC COM	COM	550021109	10,117,835	25,900	SH		SOLE		25,900	0	0
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC COM STK	COM	55405Y100	17,435,172	182,300	SH		SOLE		182,300	0	0
MANULIFE FINL CORP COM NPV	COM	56501R106	19,426,782	777,100	SH		SOLE		777,100	0	0
MARATHON OIL CORP COM	COM	565849106	14,065,142	496,300	SH		SOLE		496,300	0	0
MARATHON PETE CORP COM	COM	56585A102	22,386,650	111,100	SH		SOLE		111,100	0	0
MARRIOTT INTL INC NEW COM STK CL A	CL A	571903202	16,728,153	66,300	SH		SOLE		66,300	0	0
MARSH & MCLENNAN CO'S INC COM	COM	571748102	24,161,454	117,300	SH		SOLE		117,300	0	0
MARVELL TECHNOLOGY INC COM	COM	573874104	15,233,529	214,920	SH		SOLE		214,920	0	0
MASTERCARD INC CL A	CL A	57636Q104	85,912,088	178,400	SH		SOLE		178,400	0	0
MATTEL INC COM STOCK 1.00 PAR	COM	577081102	2,773,400	140,000	SH		SOLE		140,000	0	0
MC DONALDS CORP COM	COM	580135101	41,897,770	148,600	SH		SOLE		148,600	0	0
MCKESSON CORP	COM	58155Q103	18,145,530	33,800	SH		SOLE		33,800	0	0
MEDTRONIC PLC COMMON STOCK STOCK	SHS	G5960L103	23,521,785	269,900	SH		SOLE		269,900	0	0
MERCADOLIBRE INC COM STK	COM	58733R102	15,195,198	10,050	SH		SOLE		10,050	0	0
MERCK & CO INC NEW COM	COM	58933Y105	63,890,190	484,200	SH		SOLE		484,200	0	0
META PLATFORMS INC COM USD0.000006 CL 'A'	CL A	30303M102	233,007,505	479,854	SH		SOLE		479,854	0	0
METLIFE INC COM STK USD0.01	COM	59156R108	14,792,356	199,600	SH		SOLE		199,600	0	0
METTLER-TOLEDO INTL INC COM	COM	592688105	12,700,506	9,540	SH		SOLE		9,540	0	0
MFC BLACKROCK ETF TR U S CARBON TRANSITION READINESS ETF	US CARBON TRANS	09290C509	276,371,740	4,814,000	SH		SOLE		4,814,000	0	0
MFC DBX ETF TRUST XTRACKERS MSCI ACWI EXUSA ESG LEADERS EQUITY ETF	XTKR EMGRIN MKTS	233051192	509,310,326	17,971,430	SH		SOLE		17,971,430	0	0
MFC DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES ETF	XTRACK HRVST CSI	233051879	126,827,838	5,269,125	SH		SOLE		5,269,125	0	0
MFC ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF	EXPANDED TECH	464287515	53,923,895	632,390	SH		SOLE		632,390	0	0
MFC ISHARES INC MSCI CDA ETF	MSCI CDA ETF	464286509	27,345,318	714,350	SH		SOLE		714,350	0	0
MFC ISHARES INC MSCI HONG KONG ETF	MSCI HONG KG ETF	464286871	13,929,316	895,776	SH		SOLE		895,776	0	0
MFC ISHARES TR JPMORGAN USD EMERGING MKTS BD ETF	JPMORGAN USD EMG	464288281	238,163,520	2,656,000	SH		SOLE		2,656,000	0	0
MFC ISHARES TR MSCI EMERGING MKTS INDEX FD ETF	MSCI EMG MKT ETF	464287234	3,554,118	86,517	SH		SOLE		86,517	0	0
MFC ISHARES TR RUSSELL 2000 ETF	RUSSELL 2000 ETF	464287655	5,330,684	25,348	SH		SOLE		25,348	0	0
MFC ISHARES TRUST MSCI INDIA ETF	MSCI INDIA ETF	46429B598	38,964,430	755,271	SH		SOLE		755,271	0	0
MFC SPDR INDEX SHS FDS S&P CHINA ETF	S&P CHINA ETF	78463X400	2,457,409	37,358	SH		SOLE		37,358	0	0
MFC VANGUARD SCOTTSDALE FDS VANGUARD INTER-TERM CORP BD INDEX FD	INT-TERM CORP	92206C870	217,377,000	2,700,000	SH		SOLE		2,700,000	0	0
MFC VANGUARD SCOTTSDALE FDS VANGUARD SHORT-TERM CORPORATE	SHRT TRM CORP BD	92206C409	168,535,800	2,180,000	SH		SOLE		2,180,000	0	0
MFC VANGUARD WHITEHALL FDS EMERGING MKT GOVT BD INDEX FD ETF CL	EM MK GOV BD ETF	921946885	143,662,500	2,250,000	SH		SOLE		2,250,000	0	0
MICROCHIP TECHNOLOGY INC COM	COM	595017104	13,277,080	148,000	SH		SOLE		148,000	0	0
MICRON TECH INC COM	COM	595112103	25,806,003	218,899	SH		SOLE		218,899	0	0
MICROSOFT CORP COM	COM	594918104	553,529,523	1,315,672	SH		SOLE		1,315,672	0	0
MINERALS TECHNOLOGIES INC COM	COM	603158106	5,269,600	70,000	SH		SOLE		70,000	0	0
MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B	CL B	60871R209	17,821,250	265,000	SH		SOLE		265,000	0	0
MONDELEZ INTL INC COM	CL A	609207105	22,211,000	317,300	SH		SOLE		317,300	0	0
MONSTER BEVERAGE CORP NEW COM	COM	61174X109	10,759,320	181,500	SH		SOLE		181,500	0	0
MOODYS CORP COM	COM	615369105	21,380,832	54,400	SH		SOLE		54,400	0	0
MORGAN STANLEY COM STK USD0.01	COM NEW	617446448	30,008,792	318,700	SH		SOLE		318,700	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	13,183,957	37,140	SH		SOLE		37,140	0	0
MUELLER WTR PRODS INC COM STK	COM SER A	624758108	7,843,875	487,500	SH		SOLE		487,500	0	0
NASDAQ INC	COM	631103108	12,487,490	197,900	SH		SOLE		197,900	0	0
NETFLIX INC COM STK	COM	64110L106	49,253,248	81,098	SH		SOLE		81,098	0	0
NEWMONT CORPORATION	COM	651639106	12,103,168	337,700	SH		SOLE		337,700	0	0
NEXTERA ENERGY INC COM	COM	65339F101	25,672,647	401,700	SH		SOLE		401,700	0	0
NIKE INC CL B	CL B	654106103	23,032,712	245,081	SH		SOLE		245,081	0	0
NORFOLK SOUTHN CORP COM	COM	655844108	12,743,500	50,000	SH		SOLE		50,000	0	0
NUCOR CORP COM	COM	670346105	12,863,500	65,000	SH		SOLE		65,000	0	0
NVIDIA CORP COM	COM	67066G104	417,415,806	461,968	SH		SOLE		461,968	0	0
NXP SEMICONDUCTORS N V COM STK	COM	N6596X109	16,695,733	67,384	SH		SOLE		67,384	0	0
O REILLY AUTOMOTIVE INC NEW COM USD0.01	COM	67103H107	16,030,096	14,200	SH		SOLE		14,200	0	0
ONEOK INC COM STK	COM	682680103	16,098,136	200,800	SH		SOLE		200,800	0	0
ORACLE CORP COM	COM	68389X105	38,211,064	304,204	SH		SOLE		304,204	0	0
OSHKOSH CORPORATION	COM	688239201	18,656,616	149,600	SH		SOLE		149,600	0	0
OTIS WORLDWIDE CORP COM USD0.01 WI	COM	68902V107	12,277,713	123,680	SH		SOLE		123,680	0	0
PACCAR INC COM	COM	693718108	20,830,864	168,140	SH		SOLE		168,140	0	0
PALANTIR TECHNOLOGIES INC CL A CL A	CL A	69608A108	10,805,496	469,600	SH		SOLE		469,600	0	0
PALO ALTO NETWORKS INC COM USD0.0001	COM	697435105	18,533,799	65,230	SH		SOLE		65,230	0	0
PARKER-HANNIFIN CORP COM	COM	701094104	21,800,306	39,224	SH		SOLE		39,224	0	0
PAYCHEX INC COM	COM	704326107	10,621,586	86,495	SH		SOLE		86,495	0	0
PAYCOM SOFTWARE INC COM	COM	70432V102	18,706,940	94,000	SH		SOLE		94,000	0	0
PAYLOCITY HLDG CORP COM	COM	70438V106	17,701,580	103,000	SH		SOLE		103,000	0	0
PAYPAL HLDGS INC COM	COM	70450Y103	18,917,976	282,400	SH		SOLE		282,400	0	0
PEMBINA PIPELINE CORPORATION COMMON STOCK	COM	706327103	17,604,820	498,300	SH		SOLE		498,300	0	0
PEPSICO INC COM	COM	713448108	48,250,257	275,700	SH		SOLE		275,700	0	0
PFIZER INC COM	COM	717081103	29,550,975	1,064,900	SH		SOLE		1,064,900	0	0
PG& E CORP COM	COM	69331C108	8,928,052	532,700	SH		SOLE		532,700	0	0
PHILLIPS 66 COM	COM	718546104	20,482,836	125,400	SH		SOLE		125,400	0	0
PIONEER NAT RES CO COM	COM	723787107	21,656,250	82,500	SH		SOLE		82,500	0	0
PNC FINANCIAL SERVICES GROUP COM STK	COM	693475105	19,456,640	120,400	SH		SOLE		120,400	0	0
PPG IND INC COM	COM	693506107	12,302,010	84,900	SH		SOLE		84,900	0	0
PROCTER & GAMBLE COM NPV	COM	742718109	69,475,450	428,200	SH		SOLE		428,200	0	0
PROGRESSIVE CORP OH COM	COM	743315103	27,589,788	133,400	SH		SOLE		133,400	0	0
PROLOGIS INC COM	COM	74340W103	28,023,344	215,200	SH		SOLE		215,200	0	0
PRUDENTIAL FINL INC COM	COM	744320102	17,563,040	149,600	SH		SOLE		149,600	0	0
PUB STORAGE COM	COM	74460D109	11,573,394	39,900	SH		SOLE		39,900	0	0
QUALCOMM INC COM	COM	747525103	36,918,743	218,067	SH		SOLE		218,067	0	0
QUALYS INC COM USD0.001	COM	74758T303	16,853,870	101,000	SH		SOLE		101,000	0	0
RAMBUS INC DEL COM	COM	750917106	16,441,460	266,000	SH		SOLE		266,000	0	0
RAPID7 INC COM	COM	753422104	14,971,912	305,300	SH		SOLE		305,300	0	0
REALTY INCOME CORP COM	COM	756109104	14,152,560	261,600	SH		SOLE		261,600	0	0
REGENERON PHARMACEUTICALS INC COM	COM	75886F107	21,367,278	22,200	SH		SOLE		22,200	0	0
REPUBLIC SVCS INC COM	COM	760759100	14,181,492	74,078	SH		SOLE		74,078	0	0
RESIDEO TECHNOLOGIES INC COM USD0.001	COM	76118Y104	7,802,160	348,000	SH		SOLE		348,000	0	0
RESTAURANT BRANDS INTERN-W/I COMMON STOCK	COM	76131D103	9,403,680	118,300	SH		SOLE		118,300	0	0
RESTAURANT BRANDS INTL INC COM NPV	COM	76131D103	2,462,950	31,000	SH		SOLE		31,000	0	0
ROGERS COMMS INC CLASS'B'COM CAD1.62478	CL B	775109200	9,695,326	236,400	SH		SOLE		236,400	0	0
ROPER TECHNOLOGIES INC	COM	776696106	14,021,000	25,000	SH		SOLE		25,000	0	0
ROSS STORES INC COM	COM	778296103	12,122,376	82,600	SH		SOLE		82,600	0	0
ROYAL BK OF CANADA COM NPV	COM	780087102	35,809,432	354,700	SH		SOLE		354,700	0	0
S&P GLOBAL INC COM	COM	78409V104	38,077,775	89,500	SH		SOLE		89,500	0	0
SALESFORCE INC COM USD0.001	COM	79466L302	55,093,652	182,926	SH		SOLE		182,926	0	0
SCHLUMBERGER LTD COM COM	COM STK	806857108	21,058,002	384,200	SH		SOLE		384,200	0	0
SCHWAB CHARLES CORP COM NEW	COM	808513105	25,391,340	351,000	SH		SOLE		351,000	0	0
SERVICENOW INC COM USD0.001	COM	81762P102	32,566,678	42,716	SH		SOLE		42,716	0	0
SHERWIN-WILLIAMS CO COM	COM	824348106	18,477,956	53,200	SH		SOLE		53,200	0	0
SHOPIFY INC COM NPV CL A	CL A	82509L107	19,899,981	257,700	SH		SOLE		257,700	0	0
SIMON PROPERTY GROUP INC COM	COM	828806109	16,071,523	102,700	SH		SOLE		102,700	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	17,331,200	160,000	SH		SOLE		160,000	0	0
SNAP-ON INC COM	COM	833034101	17,180,760	58,000	SH		SOLE		58,000	0	0
SNOWFLAKE INC CL A CL A	CL A	833445109	10,875,680	67,300	SH		SOLE		67,300	0	0
SPDR BARCLAYS EMERGING MARKET LOCAL BONDETF	BLOOMBERG EMERGI	78464A391	4,100,000	200,000	SH		SOLE		200,000	0	0
STARBUCKS CORP COM	COM	855244109	22,280,882	243,800	SH		SOLE		243,800	0	0
STELLANTIS N.V	SHS	N82405106	6,002,430	212,100	SH		SOLE		212,100	0	0
STRYKER CORP	COM	863667101	25,301,409	70,700	SH		SOLE		70,700	0	0
SUN LIFE FINL INC COM NPV	COM	866796105	14,134,792	258,800	SH		SOLE		258,800	0	0
SUNCOR ENERGY INC COM NPV 'NEW'	COM	867224107	14,488,141	392,200	SH		SOLE		392,200	0	0
SYNOPSYS INC COM	COM	871607107	21,488,400	37,600	SH		SOLE		37,600	0	0
SYSCO CORP COM	COM	871829107	12,112,056	149,200	SH		SOLE		149,200	0	0
TAPESTRY INC COM USD0.01	COM	876030107	17,140,280	361,000	SH		SOLE		361,000	0	0
TARGET CORP COM STK	COM	87612E106	18,429,840	104,000	SH		SOLE		104,000	0	0
TC ENERGY CORPORAT COM NPV	COM	87807B107	14,679,590	364,900	SH		SOLE		364,900	0	0
TE CONNECTIVITY LTD	SHS	H84989104	13,993,438	96,347	SH		SOLE		96,347	0	0
TESLA INC COM USD0.001	COM	88160R101	86,646,891	492,900	SH		SOLE		492,900	0	0
TEXAS INSTRUMENTS INC COM	COM	882508104	30,349,472	174,212	SH		SOLE		174,212	0	0
THE CIGNA GROUP	COM	125523100	21,210,296	58,400	SH		SOLE		58,400	0	0
THERMO FISHER SCIENTIFIC INC COM USD1	COM	883556102	45,566,864	78,400	SH		SOLE		78,400	0	0
THOMSON REUTERS CORPORATION	COM	884903808	13,283,865	85,277	SH		SOLE		85,277	0	0
TJX COS INC COM NEW	COM	872540109	23,597,188	232,668	SH		SOLE		232,668	0	0
T-MOBILE US INC COM	COM	872590104	21,126,707	129,437	SH		SOLE		129,437	0	0
TORONTO-DOMINION COM NPV	COM NEW	891160509	26,882,505	445,000	SH		SOLE		445,000	0	0
TRANE TECHNOLOGIES PLC COM USD1	SHS	G8994E103	18,552,660	61,801	SH		SOLE		61,801	0	0
TRANSDIGM GROUP INC COM	COM	893641100	20,391,601	16,557	SH		SOLE		16,557	0	0
TRAVELERS COS INC COM STK	COM	89417E109	16,132,814	70,100	SH		SOLE		70,100	0	0
TRUIST FINL CORP COM	COM	89832Q109	17,275,936	443,200	SH		SOLE		443,200	0	0
UBER TECHNOLOGIES INC COM USD0.00001	COM	90353T100	27,858,523	361,846	SH		SOLE		361,846	0	0
UNION PAC CORP COM	COM	907818108	26,942,123	109,552	SH		SOLE		109,552	0	0
UNITED PARCEL SVC INC CL B	CL B	911312106	19,716,958	132,658	SH		SOLE		132,658	0	0
UNITED RENTALS INC COM	COM	911363109	14,678,915	20,356	SH		SOLE		20,356	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	78,162,600	158,000	SH		SOLE		158,000	0	0
US BANCORP	COM NEW	902973304	18,322,530	409,900	SH		SOLE		409,900	0	0
VALERO ENERGY CORP COM STK NEW	COM	91913Y100	17,529,863	102,700	SH		SOLE		102,700	0	0
VANECK VECTORS ETF TRUST JP MORGAN EMRG MKTS LCL CURNY BD ETF(R/S	JP MRGAN EM LOC	92189H300	100,491,000	4,100,000	SH		SOLE		4,100,000	0	0
VERISK ANALYTICS INC COM USD0.001	COM	92345Y106	9,374,039	39,766	SH		SOLE		39,766	0	0
VERIZON COMMUNICATIONS COM	COM	92343V104	33,353,416	794,886	SH		SOLE		794,886	0	0
VERTEX PHARMACEUTICALS INC COM	COM	92532F100	22,321,734	53,400	SH		SOLE		53,400	0	0
VICI PPTYS INC COM	COM	925652109	10,995,489	369,100	SH		SOLE		369,100	0	0
VISA INC COM CL A STK	COM CL A	92826C839	94,301,132	337,900	SH		SOLE		337,900	0	0
VULCAN MATERIALS CO COM	COM	929160109	12,445,152	45,600	SH		SOLE		45,600	0	0
WALMART INC COM	COM	931142103	48,876,091	812,300	SH		SOLE		812,300	0	0
WALT DISNEY CO	COM	254687106	43,140,709	352,572	SH		SOLE		352,572	0	0
WASTE MGMT INC DEL COM STK	COM	94106L109	20,869,303	97,909	SH		SOLE		97,909	0	0
WELLS FARGO & CO NEW COM STK	COM	949746101	45,875,340	791,500	SH		SOLE		791,500	0	0
WELLTOWER INC COM REIT	COM	95040Q104	13,586,176	145,400	SH		SOLE		145,400	0	0
WEYERHAEUSER CO COM	COM NEW	962166104	12,647,502	352,200	SH		SOLE		352,200	0	0
WHEATON PRECIOUS M COM NPV	COM	962879102	14,671,760	311,200	SH		SOLE		311,200	0	0
WILLIAMS CO INC COM	COM	969457100	16,371,297	420,100	SH		SOLE		420,100	0	0
WOODWARD INC COM	COM	980745103	17,831,684	115,700	SH		SOLE		115,700	0	0
WORKDAY INC CL A COM USD0.001	CL A	98138H101	14,673,950	53,800	SH		SOLE		53,800	0	0
YUM BRANDS INC COM	COM	988498101	14,793,955	106,700	SH		SOLE		106,700	0	0
ZIFF DAVIS INC COM USD0.001	COM	48123V102	756,480	12,000	SH		SOLE		12,000	0	0
ZIMMER BIOMET HLDGS INC COM	COM	98956P102	13,250,792	100,400	SH		SOLE		100,400	0	0
ZOETIS INC COM USD0.01 CL 'A'	CL A	98978V103	15,601,162	92,200	SH		SOLE		92,200	0	0
ZURN ELKAY WATER SOLUTIONS CORPORATION	COM	98983L108	16,343,401	488,300	SH		SOLE		488,300	0	0

Check here if Amendment:	☐ Amendment Number:
This Amendment (Check only one.):	☐ is a restatement. ☐ adds new holdings entries.

Name:	Varma Mutual Pension Insurance Co
Address:	SALMISAARENRANTA 11
	P.O. BOX 4, FI-00098
	VARMA, H9 00180
Form 13F File Number:	028-18702

Name:	Kaj Blomster
Title:	Chief Risk Officer
Phone:	358102440

Number of Other Included Managers:	0
Form 13F Information table Entry Total:	355
Form 13F Information table Value Total:	11542417503 (thousands)

Institutional Investment Manager Filing this Report:

Signature, Place, and Date of Signing:

Report Type (Check only one.):

Form 13F Summary Page

Report Summary:

List of Other Included Managers: