0001752724-24-123454.txt : 20240528 0001752724-24-123454.hdr.sgml : 20240528 20240528152529 ACCESSION NUMBER: 0001752724-24-123454 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ivy Variable Insurance Portfolios CENTRAL INDEX KEY: 0000810016 ORGANIZATION NAME: IRS NUMBER: 481146010 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05017 FILM NUMBER: 24991144 BUSINESS ADDRESS: STREET 1: 100 INDEPENDENCE STREET 2: 610 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106-2354 BUSINESS PHONE: (800) 523-1918 MAIL ADDRESS: STREET 1: 100 INDEPENDENCE STREET 2: 610 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106-2354 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios DATE OF NAME CHANGE: 20100301 FORMER COMPANY: FORMER CONFORMED NAME: Ivy Funds Variable Insurance Portfolios, Inc. DATE OF NAME CHANGE: 20080819 FORMER COMPANY: FORMER CONFORMED NAME: W&R TARGET FUNDS INC DATE OF NAME CHANGE: 20001026 0000810016 S000006225 Macquarie VIP International Core Equity Series C000017159 Service C000246484 Standard NPORT-P 1 primary_doc.xml NPORT-P false 0000810016 XXXXXXXX S000006225 C000246484 C000017159 Ivy Variable Insurance Portfolios 811-05017 0000810016 72XHPUAYSOH6ROSGJT53 100 Independence 610 Market Street Philadelphia 19106 215-255-1200 Delaware Ivy VIP International Core Equity S000006225 KUNXJZNR9Y2ZBTGW9Z22 2024-12-31 2024-03-28 N 670290443.03 2736086.46 667554356.57 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 296563.32000000 N TotalEnergies SE 529900S21EQ1BO4ESM68 TotalEnergies SE 000000000 214582.00000000 NS 14693418.66000000 2.201081981622 Long EC CORP FR N 1 N N N SAP SE 529900D6BF99LW9R2E68 SAP SE 000000000 87024.00000000 NS 16942639.12000000 2.538016410686 Long EC CORP DE N 1 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 Deutsche Telekom AG 000000000 711644.00000000 NS 17274535.41000000 2.587734652614 Long EC CORP DE N 1 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S 000000000 138271.00000000 NS 17736492.72000000 2.656936104968 Long EC CORP DK N 2 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV 000000000 14423.00000000 NS 13882858.22000000 2.079659593764 Long EC CORP NL N 1 N N N Bharti Airtel Ltd 335800KQ1FPKOQ84OR26 Bharti Airtel Ltd 000000000 730939.00000000 NS 10767442.89000000 1.612968709443 Long EC CORP IN N 1 N N N LG Corp N/A LG Corp 000000000 54773.00000000 NS 3564059.28000000 0.533897988219 Long EC CORP KR N 1 N N N Haleon PLC 549300PSB3WWEODCUP19 Haleon PLC 000000000 2292993.27782200 NS 9640251.98000000 1.444114907665 Long EC CORP GB N 1 N N N Tokio Marine Holdings Inc 5299009QN2NZ191KLS29 Tokio Marine Holdings Inc 000000000 565522.00000000 NS 17651548.75000000 2.644211452786 Long EC CORP JP N 1 N N N LVMH Moet Hennessy Louis Vuitt IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE 000000000 13980.00000000 NS 12574132.69000000 1.883611808723 Long EC CORP FR N 1 N N N Banco do Brasil SA QE0Q0253K88YAGNPE356 Banco do Brasil SA 000000000 1491164.00000000 NS 16851931.16000000 2.524428309716 Long EC CORP BR N 1 N N N Mondi PLC 213800LOZA69QFDC9N34 Mondi PLC 000000000 633831.00000000 NS 11163857.61000000 1.672351846726 Long EC CORP GB N 1 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd 01609W102 97599.00000000 NS USD 7062263.64000000 1.057930874166 Long EC CORP CN N 1 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd 000000000 962463.00000000 NS 12084664.77000000 1.810289252262 Long EC CORP IN N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG 000000000 53856.00000000 NS 10281826.47000000 1.540223109744 Long EC CORP DE N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 1319426.00000000 NS 9865309.85000000 1.477828697080 Long EP CORP BR N 1 N N N ING Groep NV 549300NYKK9MWM7GGW15 ING Groep NV 000000000 541874.00000000 NS 8912823.26000000 1.335145695969 Long EC CORP NL N 1 N N N Siemens Healthineers AG 529900QBVWXMWANH7H45 Siemens Healthineers AG 000000000 110231.00000000 NS 6745296.36000000 1.010449005929 Long EC CORP DE N 1 N N N H World Group Ltd 549300Y5ML31FVN83730 H World Group Ltd 44332N106 192689.00000000 NS USD 7457064.30000000 1.117072224397 Long EC CORP CN N 1 N N N ICICI Bank Ltd R7RX8ER1V4666J8D1I38 ICICI Bank Ltd 000000000 1109745.00000000 NS 14547336.21000000 2.179198752405 Long EC CORP IN N 1 N N N Heidelberg Materials AG LZ2C6E0W5W7LQMX5ZI37 Heidelberg Materials AG 000000000 72961.00000000 NS 8024889.74000000 1.202132779304 Long EC CORP DE N 1 N N N Fidelity Government Portfolio 549300FQDFZGLUOCWN51 Fidelity Government Portfolio 316175108 1126802.98000000 NS USD 1126802.98000000 0.168795689655 Long STIV RF US N 1 N N N Budweiser Brewing Co APAC Ltd 549300YF1MR4GTF18132 Budweiser Brewing Co APAC Ltd 000000000 4729800.00000000 NS 6961542.37000000 1.042842773998 Long EC CORP HK N 1 N N N Newmont Corp 549300VSP3RIX7FGDZ51 Newmont Corp 000000000 197929.00000000 NS 6927539.05000000 1.037749058457 Long EC CORP US N 1 N N N Thales SA 529900FNDVTQJOVVPZ19 Thales SA 000000000 107539.00000000 NS 18336716.05000000 2.746849881141 Long EC CORP FR N 1 N N N Goldman Sachs Financial Square Government Fund 549300BRJMXN4GUWZ402 Goldman Sachs Financial Square Government Fund 38141W273 1126803.08000000 NS USD 1126803.08000000 0.168795704635 Long STIV RF US N 1 N N N Adyen NV 724500973ODKK3IFQ447 Adyen NV 000000000 9152.00000000 NS 15481859.99000000 2.319190914961 Long EC CORP NL N 1 N N N Renesas Electronics Corp 5299000EPC47VJQOFB81 Renesas Electronics Corp 000000000 859400.00000000 NS 15237347.07000000 2.282562748641 Long EC CORP JP N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 000000000 385951.00000000 NS 12889143.08000000 1.930800533791 Long EC CORP GB N 1 N N N Schlumberger NV 213800ZUA17OK3QLGM62 Schlumberger NV 806857108 133232.00000000 NS USD 7302445.92000000 1.093910308296 Long EC CORP US N 1 N N N Alcon Inc 549300LDT5AP8S0NBM78 Alcon Inc 000000000 127817.00000000 NS USD 10645877.93000000 1.594758213353 Long EC CORP CH N 1 N N N Asahi Group Holdings Ltd 353800KAJ02XNHLCJW79 Asahi Group Holdings Ltd 000000000 339800.00000000 NS 12444518.43000000 1.864195523184 Long EC CORP JP N 1 N N N BBVA K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 000000000 1527309.00000000 NS 18191019.95000000 2.725024527361 Long EC CORP ES N 1 N N N MercadoLibre Inc 549300DKPDN9M5S8GB14 MercadoLibre Inc 58733R102 12299.00000000 NS USD 18595596.04000000 2.785630242239 Long EC CORP UY N 1 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 427186.00000000 NS 12132392.64000000 1.817438912740 Long EC CORP NL N 1 N N N KB Financial Group Inc 529900TKE4MXG3Q6GW86 KB Financial Group Inc 000000000 272075.00000000 NS 14207519.03000000 2.128293956914 Long EC CORP KR N 1 N N N Sartorius AG 529900EQV2DY4FOAMU38 Sartorius AG 000000000 17788.00000000 NS 7073649.19000000 1.059636435652 Long EP CORP DE N 1 N N N KION Group AG 5299005KY91C4C6U9H17 KION Group AG 000000000 206565.00000000 NS 10870752.28000000 1.628444511373 Long EC CORP DE N 1 N N N NTPC Ltd 335800Q4TRGJXNLVMB81 NTPC Ltd 000000000 2529983.00000000 NS 10186364.81000000 1.525922901969 Long EC CORP IN N 1 N N N MSILF Government Portfolio 549300BI6Y5SI6BYPB26 MSILF Government Portfolio 61747C707 1126803.08000000 NS USD 1126803.08000000 0.168795704635 Long STIV RF US N 1 N N N Mitsui Chemicals Inc 353800H2UB5ZEZRZQC02 Mitsui Chemicals Inc 000000000 370500.00000000 NS 10832560.44000000 1.622723353295 Long EC CORP JP N 1 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc 000000000 95417.00000000 NS 12630127.69000000 1.891999889701 Long EC CORP KR N 1 N N N China Mengniu Dairy Co Ltd 2549005Q343BSJ8RSS21 China Mengniu Dairy Co Ltd 000000000 2568000.00000000 NS 5512067.36000000 0.825710641500 Long EC CORP CN N 1 N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 000000000 882200.00000000 NS 6892371.44000000 1.032480931652 Long EC CORP GB N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA 000000000 54182.00000000 NS 5752538.12000000 0.861733290088 Long EC CORP CH N 1 N N N Mitsubishi UFJ Financial Group 353800V2V8PUY9TK3E06 Mitsubishi UFJ Financial Group Inc 000000000 1615800.00000000 NS 16384284.58000000 2.454374601670 Long EC CORP JP N 1 N N N L'Oreal SA 529900JI1GG6F7RKVI53 L'Oreal SA 000000000 20194.00000000 NS 9556559.14000000 1.431577675427 Long EC CORP FR N 1 N N N ICON PLC 6354008SRQGEMC4XFI67 ICON PLC 000000000 29995.00000000 NS USD 10076820.25000000 1.509513068235 Long EC CORP IE N 1 N N N Sea Ltd 529900OM6JLLW44YKI15 Sea Ltd 81141R100 112712.00000000 NS USD 6053761.52000000 0.906856716673 Long EC CORP SG N 1 N N N AstraZeneca PLC PY6ZZQWO2IZFZC3IOL08 AstraZeneca PLC 046353108 154828.00000000 NS USD 10489597.00000000 1.571347246372 Long EC CORP GB N 1 N N N Airbus SE MINO79WLOO247M1IL051 Airbus SE 000000000 112855.00000000 NS 20785777.45000000 3.113720590005 Long EC CORP FR N 1 N N N Experian PLC 635400RXXHHYT1JTSZ26 Experian PLC 000000000 93502.00000000 NS 4076187.99000000 0.610615143153 Long EC CORP IE N 1 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 000000000 195938.00000000 NS 13921994.67000000 2.085522254926 Long EC CORP FR N 1 N N N Genmab A/S 529900MTJPDPE4MHJ122 Genmab A/S 000000000 29764.00000000 NS 8924100.45000000 1.336835025068 Long EC CORP DK N 2 N N N Freshworks Inc 254900ULRGCUEIK0K191 Freshworks Inc 358054104 392739.00000000 NS USD 7151777.19000000 1.071340051879 Long EC CORP US N 1 N N N Vinci SA 213800WFQ334R8UXUG83 Vinci SA 000000000 73634.00000000 NS 9434299.26000000 1.413263079949 Long EC CORP FR N 1 N N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 000000000 1002000.00000000 NS 24076679.11000000 3.606699420510 Long EC CORP TW N 1 N N N Seven & i Holdings Co Ltd 52990037G8JRM3TWGY86 Seven & i Holdings Co Ltd 000000000 948700.00000000 NS 13787422.38000000 2.065363253839 Long EC CORP JP N 1 N N N BlackRock Liquidity FedFund 549300T8K043VZEOVK74 BlackRock Liquidity FedFund 09248U700 1126803.08000000 NS USD 1126803.08000000 0.168795704635 Long STIV RF US N 1 N N N Dollarama Inc 5493002GJ0NJP1HI0C79 Dollarama Inc 25675T107 248668.00000000 NS 18943598.18000000 2.837761149119 Long EC CORP CA N 1 N N N 2024-05-28 Ivy Variable Insurance Portfolio Dan Geatens Dan Geatens Division Director - Head of US Fund Administration XXXX NPORT-EX 2 AIV0850DEL033124.htm
Schedule of investments
Delaware Ivy VIP International Core Equity 
March 31, 2024 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks – 95.53%Δ
Austria − 1.67%
Mondi     633,831 $ 11,163,858
   11,163,858
Brazil − 5.32%
Banco do Brasil   1,491,164   16,851,931
MercadoLibre †      12,299  18,595,596
   35,447,527
Canada − 2.84%
Dollarama     248,668  18,943,598
   18,943,598
China − 4.05%
Alibaba Group Holding ADR      97,599    7,062,264
Budweiser Brewing 144A #   4,729,800    6,961,543
China Mengniu Dairy   2,568,000    5,512,067
H World Group ADR     192,689   7,457,064
   26,992,938
Denmark − 4.00%
Genmab †      29,764    8,924,100
Novo Nordisk Class B     138,271  17,736,493
   26,660,593
France − 14.89%
Airbus     112,855   20,785,777
BNP Paribas     195,938   13,921,995
L'Oreal      20,194    9,556,559
LVMH Moet Hennessy Louis Vuitton      13,980   12,574,133
Thales     107,539   18,336,716
TotalEnergies     214,582   14,693,419
Vinci      73,634   9,434,299
   99,302,898
Germany − 10.52%
Deutsche Telekom     711,644   17,274,535
Heidelberg Materials      72,961    8,024,890
KION Group     206,565   10,870,752
SAP      87,024   16,942,639
Siemens      53,856   10,281,827
Siemens Healthineers 144A #, †     110,231   6,745,296
   70,139,939
India − 6.97%
Axis Bank     962,463   12,084,665
Bharti Airtel     730,939   10,767,443
ICICI Bank   1,027,579   13,470,245
NTPC   2,529,983  10,186,365
   46,508,718
Ireland − 2.12%
Experian      93,502    4,076,188
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Ireland (continued)
ICON †      29,995 $ 10,076,820
   14,153,008
Japan − 12.13%
Asahi Group Holdings     339,800   12,444,518
Mitsubishi UFJ Financial Group   1,615,800   16,384,285
Mitsui Chemicals     327,500    9,575,340
Renesas Electronics     859,400   15,237,347
Seven & i Holdings     948,700   13,787,422
Tokio Marine Holdings     430,722  13,444,058
   80,872,970
Netherlands − 7.67%
Adyen 144A #, †       9,152   15,481,860
ASML Holding      14,423   13,882,858
ING Groep     541,874    8,912,824
Shell     385,951  12,889,143
   51,166,685
Republic of Korea − 4.56%
KB Financial Group     272,075   14,207,519
LG      54,773    3,564,059
SK Hynix      95,417  12,630,128
   30,401,706
Singapore − 0.91%
Sea ADR †     112,712   6,053,762
    6,053,762
Spain − 2.73%
Banco Bilbao Vizcaya Argentaria   1,527,309  18,191,020
   18,191,020
Switzerland − 2.46%
Alcon     127,817   10,645,878
Nestle      54,182   5,752,538
   16,398,416
Taiwan − 3.61%
Taiwan Semiconductor Manufacturing   1,002,000  24,076,679
   24,076,679
United Kingdom − 4.05%
AstraZeneca ADR     154,828   10,489,597
Haleon   2,292,993    9,640,252
HSBC Holdings     882,200   6,892,371
   27,022,220
United States − 5.03%
Freshworks Class A †     392,739    7,151,777
Newmont     197,929    6,927,539
Schlumberger     133,232    7,302,446
NQ- IV085 [0324] 0524 (3566307)    1

 

Schedule of investments
Delaware Ivy VIP International Core Equity   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
United States (continued)
Stellantis     427,186 $ 12,132,393
   33,514,155
Total Common Stocks
(cost $543,983,404) 		637,010,690
 
Preferred Stocks – 2.54%
Brazil − 1.48%
Petroleo Brasileiro 8.44% ω   1,319,426   9,865,310
    9,865,310
Germany − 1.06%
Sartorius 0.22% ω      17,788   7,073,649
    7,073,649
Total Preferred Stocks
(cost $14,867,643) 		 16,938,959
       
Short-Term Investments – 0.68%
Money Market Mutual Funds – 0.68%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.20%)   1,126,803   1,126,803
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%)   1,126,803   1,126,803
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.34%)   1,126,803   1,126,803
    Number ofshares Value (US $)
Short-Term Investments (continued)
Money Market Mutual Funds (continued)
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%)   1,126,803 $  1,126,803
Total Short-Term Investments
(cost $4,507,212) 		  4,507,212
Total Value of Securities−98.75%
(cost $563,358,259) 		    658,456,861
Receivables and Other Assets Net of Liabilities — 1.25%       8,368,557
Net Assets Applicable to 38,968,091 Shares Outstanding — 100.00%     $666,825,418
Δ Securities have been classified by country of risk.
† Non-income producing security.
# Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2024, the aggregate value of Rule 144A securities was $29,188,699, which represents 4.38% of the Portfolio’s net assets.
ω Perpetual security with no stated maturity date.
Summary of abbreviations: 
ADR – American Depositary Receipt
 
2    NQ- IV085 [0324] 0524 (3566307)