# EDGAR Filing Document

**Accession Number:** 0000810016
**File Stem:** 0000940400-26-021614
**Filing Date:** 2026-5
**Character Count:** 39561
**Document Hash:** c30ebc0bd17a0291f68b5c37879d4a52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021614.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021614

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ivy Variable Insurance Portfolios
- **CENTRAL INDEX KEY:** 0000810016

**ORGANIZATION NAME:**
- **EIN:** 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:** 261031809

**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

## Series and Classes Contracts Data

### Nomura VIP Mid Cap Growth Series (Series ID: S000006228)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017162 | Service      |  |
| C000190647 | Standard     |  |

## Nport-Ex

## Schedule of investments
Nomura VIP Mid Cap Growth Series

March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 98.36%♣** | &nbsp;&nbsp;**Common Stocks — 98.36%♣** | &nbsp;&nbsp;**Common Stocks — 98.36%♣** |
| &nbsp;&nbsp;Communication Services — 0.45% | &nbsp;&nbsp;Communication Services — 0.45% | &nbsp;&nbsp;Communication Services — 0.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stubhub Holdings Class A † | &nbsp;&nbsp;&nbsp;&nbsp;244234 | &nbsp;&nbsp;$1524020 |
|  |  | &nbsp;&nbsp;&nbsp; 1524020 |
| &nbsp;&nbsp;Consumer Discretionary — 18.66% | &nbsp;&nbsp;Consumer Discretionary — 18.66% | &nbsp;&nbsp;Consumer Discretionary — 18.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amer Sports † | &nbsp;&nbsp;&nbsp;&nbsp;102313 | &nbsp;&nbsp;&nbsp; 3368144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dutch Bros Class A † | &nbsp;&nbsp;&nbsp;&nbsp;83334 | &nbsp;&nbsp;&nbsp; 4221700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Floor & Decor Holdings Class A † | &nbsp;&nbsp;&nbsp;&nbsp;115539 | &nbsp;&nbsp;&nbsp; 5869381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | &nbsp;&nbsp;&nbsp;&nbsp;26020 | &nbsp;&nbsp;&nbsp; 7912162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On Holding Class A † | &nbsp;&nbsp;&nbsp;&nbsp;123335 | &nbsp;&nbsp;&nbsp; 4195857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Planet Fitness Class A † | &nbsp;&nbsp;&nbsp;&nbsp;42946 | &nbsp;&nbsp;&nbsp; 3194323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;45679 | &nbsp;&nbsp;&nbsp; 12569947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SharkNinja † | &nbsp;&nbsp;&nbsp;&nbsp;45430 | &nbsp;&nbsp;&nbsp; 4811037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry | &nbsp;&nbsp;&nbsp;&nbsp;37297 | &nbsp;&nbsp;&nbsp; 5262980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse | &nbsp;&nbsp;&nbsp;&nbsp;19185 | &nbsp;&nbsp;&nbsp; 3168211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tractor Supply | &nbsp;&nbsp;&nbsp;&nbsp;109293 | &nbsp;&nbsp;&nbsp; 4950973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viking Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;46892 | &nbsp;&nbsp;&nbsp; 3445624 |
|  |  | &nbsp;&nbsp;&nbsp; 62970339 |
| &nbsp;&nbsp;Consumer Staples — 1.57% | &nbsp;&nbsp;Consumer Staples — 1.57% | &nbsp;&nbsp;Consumer Staples — 1.57% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7278 | &nbsp;&nbsp;&nbsp; 5297365 |
|  |  | &nbsp;&nbsp;&nbsp; 5297365 |
| &nbsp;&nbsp;Financials — 7.23% | &nbsp;&nbsp;Financials — 7.23% | &nbsp;&nbsp;Financials — 7.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown | &nbsp;&nbsp;&nbsp;&nbsp;61756 | &nbsp;&nbsp;&nbsp; 4027109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corpay † | &nbsp;&nbsp;&nbsp;&nbsp;16537 | &nbsp;&nbsp;&nbsp; 4812101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Houlihan Lokey | &nbsp;&nbsp;&nbsp;&nbsp;23495 | &nbsp;&nbsp;&nbsp; 3374352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinsale Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;11486 | &nbsp;&nbsp;&nbsp; 3924307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LPL Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;27408 | &nbsp;&nbsp;&nbsp; 8245149 |
|  |  | &nbsp;&nbsp;&nbsp; 24383018 |
| &nbsp;&nbsp;Healthcare — 22.07% | &nbsp;&nbsp;Healthcare — 22.07% | &nbsp;&nbsp;Healthcare — 22.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Align Technology † | &nbsp;&nbsp;&nbsp;&nbsp;33248 | &nbsp;&nbsp;&nbsp; 5699705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alnylam Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;17362 | &nbsp;&nbsp;&nbsp; 5744565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascendis Pharma ADR † | &nbsp;&nbsp;&nbsp;&nbsp;16210 | &nbsp;&nbsp;&nbsp; 3707713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bio-Techne | &nbsp;&nbsp;&nbsp;&nbsp;132251 | &nbsp;&nbsp;&nbsp; 6911437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cardinal Health | &nbsp;&nbsp;&nbsp;&nbsp;18668 | &nbsp;&nbsp;&nbsp; 3944735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dexcom † | &nbsp;&nbsp;&nbsp;&nbsp;48963 | &nbsp;&nbsp;&nbsp; 3074876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards Lifesciences † | &nbsp;&nbsp;&nbsp;&nbsp;93640 | &nbsp;&nbsp;&nbsp; 7498691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX Laboratories † | &nbsp;&nbsp;&nbsp;&nbsp;22715 | &nbsp;&nbsp;&nbsp; 12763331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insmed † | &nbsp;&nbsp;&nbsp;&nbsp;28995 | &nbsp;&nbsp;&nbsp; 4741263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insulet † | &nbsp;&nbsp;&nbsp;&nbsp;31831 | &nbsp;&nbsp;&nbsp; 6679417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ionis Pharmaceuticals † | &nbsp;&nbsp;&nbsp;&nbsp;68019 | &nbsp;&nbsp;&nbsp; 5107547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STERIS | &nbsp;&nbsp;&nbsp;&nbsp;17577 | &nbsp;&nbsp;&nbsp; 3886802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransMedics Group † | &nbsp;&nbsp;&nbsp;&nbsp;12284 | &nbsp;&nbsp;&nbsp; 1221153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waystar Holding † | &nbsp;&nbsp;&nbsp;&nbsp;146144 | &nbsp;&nbsp;&nbsp; 3523532 |
|  |  | &nbsp;&nbsp;&nbsp; 74504767 |
| &nbsp;&nbsp;Industrials — 24.47% | &nbsp;&nbsp;Industrials — 24.47% | &nbsp;&nbsp;Industrials — 24.47% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies | &nbsp;&nbsp;&nbsp;&nbsp;25894 | &nbsp;&nbsp;&nbsp; 5295064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction Partners Class A † | &nbsp;&nbsp;&nbsp;&nbsp;22111 | &nbsp;&nbsp;&nbsp; 2456974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart † | &nbsp;&nbsp;&nbsp;&nbsp;110081 | &nbsp;&nbsp;&nbsp; 3654689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fastenal | &nbsp;&nbsp;&nbsp;&nbsp;206608 | &nbsp;&nbsp;&nbsp; 9586611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferguson Enterprises | &nbsp;&nbsp;&nbsp;&nbsp;29268 | &nbsp;&nbsp;&nbsp; 6827054 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** | &nbsp;&nbsp;**Common Stocks♣ (continued)** |
| &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) | &nbsp;&nbsp;Industrials (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generac Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;32722 | &nbsp;&nbsp;$6391588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HEICO Class A | &nbsp;&nbsp;&nbsp;&nbsp;28077 | &nbsp;&nbsp;&nbsp; 5926774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;32127 | &nbsp;&nbsp;&nbsp; 7403989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions † | &nbsp;&nbsp;&nbsp;&nbsp;47473 | &nbsp;&nbsp;&nbsp; 3347321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | &nbsp;&nbsp;&nbsp;&nbsp;25966 | &nbsp;&nbsp;&nbsp; 6467611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Dominion Freight Line | &nbsp;&nbsp;&nbsp;&nbsp;18114 | &nbsp;&nbsp;&nbsp; 3539476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paylocity Holding † | &nbsp;&nbsp;&nbsp;&nbsp;38392 | &nbsp;&nbsp;&nbsp; 4147872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services | &nbsp;&nbsp;&nbsp;&nbsp;19057 | &nbsp;&nbsp;&nbsp; 10462674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPX Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;35516 | &nbsp;&nbsp;&nbsp; 7101069 |
|  |  | &nbsp;&nbsp;&nbsp; 82608766 |
| &nbsp;&nbsp;Information Technology — 19.74% | &nbsp;&nbsp;Information Technology — 19.74% | &nbsp;&nbsp;Information Technology — 19.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bentley Systems Class B | &nbsp;&nbsp;&nbsp;&nbsp;96696 | &nbsp;&nbsp;&nbsp; 3395964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloudflare Class A † | &nbsp;&nbsp;&nbsp;&nbsp;53172 | &nbsp;&nbsp;&nbsp; 10971511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Datadog Class A † | &nbsp;&nbsp;&nbsp;&nbsp;36573 | &nbsp;&nbsp;&nbsp; 4317443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GlobalFoundries † | &nbsp;&nbsp;&nbsp;&nbsp;62794 | &nbsp;&nbsp;&nbsp; 2793077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;30254 | &nbsp;&nbsp;&nbsp; 6718506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manhattan Associates † | &nbsp;&nbsp;&nbsp;&nbsp;35167 | &nbsp;&nbsp;&nbsp; 4681431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems | &nbsp;&nbsp;&nbsp;&nbsp;12347 | &nbsp;&nbsp;&nbsp; 13499592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novanta † | &nbsp;&nbsp;&nbsp;&nbsp;49372 | &nbsp;&nbsp;&nbsp; 5831327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rambus † | &nbsp;&nbsp;&nbsp;&nbsp;20648 | &nbsp;&nbsp;&nbsp; 1776347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowflake Class A † | &nbsp;&nbsp;&nbsp;&nbsp;36342 | &nbsp;&nbsp;&nbsp; 5481100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;11448 | &nbsp;&nbsp;&nbsp; 3919566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zscaler † | &nbsp;&nbsp;&nbsp;&nbsp;23145 | &nbsp;&nbsp;&nbsp; 3247012 |
|  |  | &nbsp;&nbsp;&nbsp; 66632876 |
| &nbsp;&nbsp;Materials — 1.97% | &nbsp;&nbsp;Materials — 1.97% | &nbsp;&nbsp;Materials — 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials | &nbsp;&nbsp;&nbsp;&nbsp;11286 | &nbsp;&nbsp;&nbsp; 6643843 |
|  |  | &nbsp;&nbsp;&nbsp; 6643843 |
| &nbsp;&nbsp;Real Estate — 2.20% | &nbsp;&nbsp;Real Estate — 2.20% | &nbsp;&nbsp;Real Estate — 2.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group † | &nbsp;&nbsp;&nbsp;&nbsp;184357 | &nbsp;&nbsp;&nbsp; 7436961 |
|  |  | &nbsp;&nbsp;&nbsp; 7436961 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $319,454,560)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $319,454,560)** | &nbsp;&nbsp;&nbsp;**332001955** |
| &nbsp;&nbsp;**Short-Term Investments — 1.76%** | &nbsp;&nbsp;**Short-Term Investments — 1.76%** | &nbsp;&nbsp;**Short-Term Investments — 1.76%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 1.76% | &nbsp;&nbsp;Money Market Mutual Funds — 1.76% | &nbsp;&nbsp;Money Market Mutual Funds — 1.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.55%) | 1486281 | &nbsp;&nbsp;&nbsp; 1486281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.53%) | 1486282 | &nbsp;&nbsp;&nbsp; 1486282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%) | 1486282 | &nbsp;&nbsp;&nbsp; 1486282 |

---

NQ- IV075 [0326] 0526 (5459540) 1

------

Nomura VIP Mid Cap Growth Series

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** | &nbsp;&nbsp;**Short-Term Investments (continued)** |
| &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) | &nbsp;&nbsp;Money Market Mutual Funds (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.57%) | 1486281 | &nbsp;&nbsp;$1486281 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $5,945,126)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $5,945,126)** | &nbsp;&nbsp;&nbsp; **5945126** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—100.12%<br> (cost $325,399,686)** |  | &nbsp;&nbsp;&nbsp;**337947081** |
| &nbsp;&nbsp;&nbsp;**Liabilities Net of Receivables and Other Assets—(0.12%)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(391063)** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 46,928,504 Shares Outstanding—100.00%** |  | &nbsp;&nbsp;**$337556018** |

---

♣ Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. <br> † Non-income producing security.

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |

---

2 NQ- IV075 [0326] 0526 (5459540)

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ivy Variable Insurance Portfolios

- **b. Investment Company Act file number:** 811-05017

- **c. CIK number of Registrant:** 0000810016

- **d. LEI of Registrant:** 72XHPUAYSOH6ROSGJT53

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nomura VIP Mid Cap Growth Series

- **b. EDGAR series identifier (if any):** S000006228

- **c. LEI of Series:** IIQD3DS12VB1BFQ7KZ27

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $338140296.76

**Total Liabilities:** $456592.88

**Net Assets:** $337683703.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017162 | 1.81%                | -0.26%               | -8.29%               |
| Class ID C000190647 | 1.89%                | -0.25%               | -8.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-321406.23              | $7555323.85                                |
| Month 2  | $6745341.98              | $-7286808.90                               |
| Month 3  | $-1926463.79             | $-28939443.40                              |

### Schedule of Portfolio Investments

| Name                                         | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kratos Defense & Security Solutions, Inc.    | Kratos Defense & Security Solutions, Inc. COM NEW           | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     47473 | NS      | $3347321.23   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | Fidelity Colchester Street Trust MNY MRKT FDS I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   1486282 | NS      | $1486281.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.                 | Floor And Decor Holding Inc. CL A                           | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    115539 | NS      | $5869381.20   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                  | Royal Caribbean Group COM                                   | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     45679 | NS      | $12569947.22  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                               | Dutch Bros Inc CL A                                         | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83334 | NS      | $4221700.44   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                 | Tapestry Inc COM                                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     37297 | NS      | $5262979.67   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                          | Ascendis Pharma A/S SPONSORED ADR                           | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     16210 | NS      | $3707713.30   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                   | Steris PLC SHS USD                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     17577 | NS      | $3886802.01   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.               | Lincoln Electric Holdings Inc. COM                          | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     25966 | NS      | $6467611.28   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                   | Copart Inc COM                                              | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    110081 | NS      | $3654689.20   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                | Monolithic Power Systems Inc. COM                           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     12347 | NS      | $13499592.45  | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation                | Paylocity Holding Corporation COM                           | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     38392 | NS      | $4147871.68   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                            | Brown & Brown Inc COM                                       | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     61756 | NS      | $4027108.76   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare Inc CL A COM                                     | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     53172 | NS      | $10971510.48  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                         | Howmet Aerospace Inc COM                                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     32127 | NS      | $7403988.42   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                     | Manhattan Associates Inc COM                                | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     35167 | NS      | $4681431.04   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                   | Construction Partners Inc. COM CL A                         | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     22111 | NS      | $2456974.32   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                        | Quanta Services, Inc. COM                                   | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     19057 | NS      | $10462674.14  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                   | Corpay Inc COM SHS                                          | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     16537 | NS      | $4812101.63   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.               | Old Dominion Freight Line Inc. COM                          | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     18114 | NS      | $3539475.60   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC      | MACOM Technology Solutions Holdings Inc. COM                | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30254 | NS      | $6718505.78   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                   | Insmed Inc COM PAR $.01                                     | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     28995 | NS      | $4741262.40   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                         | SPX Technologies, Inc. COM                                  | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35516 | NS      | $7101069.04   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                   | Heico Corp CL A                                             | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     28077 | NS      | $5926773.93   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                              | Bio-Techne Corp COM                                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    132251 | NS      | $6911437.26   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                      | IDEXX Laboratories Inc. COM                                 | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     22715 | NS      | $12763331.35  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                      | Tyler Technologies Inc. COM                                 | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     11448 | NS      | $3919566.24   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                        | BWX Technologies Inc. COM                                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     25894 | NS      | $5295064.06   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                       | TransMedics Group Inc. COM                                  | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     12284 | NS      | $1221152.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                            | Tractor Supply Co COM                                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    109293 | NS      | $4950972.90   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | Hilton Worldwide Holdings Inc COM                           | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     26020 | NS      | $7912161.60   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc CL A COM                                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     36573 | NS      | $4317442.65   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                               | Sharkninja Inc. COM SHS                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     45430 | NS      | $4811037.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STUBHUB HOLDINGS INC                         | Stubhub Holdings Inc. CL A                                  | CUSIP: 86384P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244234 | NS      | $1524020.16   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |   1486282 | NS      | $1486281.50   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                         | Waystar Holding Corp COM                                    | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |    146144 | NS      | $3523531.84   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                   | DexCom Inc COM                                              | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     48963 | NS      | $3074876.40   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                        | Cardinal Health, Inc. COM                                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     18668 | NS      | $3944735.08   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                  | Rambus Inc. COM                                             | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     20648 | NS      | $1776347.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                     | Ferguson Enterprises Inc COMMON STOCK NEW                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     29268 | NS      | $6827053.68   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                          | Planet Fitness Inc. CL A                                    | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     42946 | NS      | $3194323.48   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | Martin Marietta Materials Inc COM                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     11286 | NS      | $6643842.48   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                 | Bentley Systems Incorporated COM CL B                       | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     96696 | NS      | $3395963.52   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalfoundries Inc                          | Globalfoundries Inc ORDINARY SHARES                         | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |     62794 | NS      | $2793077.12   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                  | Ionis Pharmaceuticals, Inc. COM                             | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     68019 | NS      | $5107546.71   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                          | Goldman Sachs Financial Square Government Fund              | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1486282 | NS      | $1486281.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler Inc COM                                             | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     23145 | NS      | $3247012.05   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | Edwards Lifesciences Corporation COM                        | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     93640 | NS      | $7498691.20   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                | Snowflake Inc COM SHS                                       | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     36342 | NS      | $5481100.44   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL Financial Holdings Inc. COM                             | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     27408 | NS      | $8245148.64   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | BlackRock Liquidity Funds FEDFUND INSTL                     | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1486281 | NS      | $1486281.31   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                        | Generac Holdings Inc. COM                                   | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     32722 | NS      | $6391588.26   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VIKING HOLDINGS LTD                          | Viking Holdings Ltd. ORD SHS                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     46892 | NS      | $3445624.16   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc COM                                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     19185 | NS      | $3168210.90   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                             | Costar Group Inc COM                                        | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |    184357 | NS      | $7436961.38   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER SPORTS INC                              | Amer Sports Inc. COM SHS                                    | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | KY        |    102313 | NS      | $3368143.96   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | On Holding AG NAMEN AKT A                                   | CUSIP: 000000000<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |    123335 | NS      | $4195856.70   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                    | Kinsale Capital Group Inc COM                               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     11486 | NS      | $3924306.76   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                        | Align Technology Inc. COM                                   | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     33248 | NS      | $5699704.64   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                          | Houlihan Lokey Inc. CL A                                    | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     23495 | NS      | $3374351.90   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                  | Casey'S General Stores Inc. COM                             | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      7278 | NS      | $5297365.08   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                  | Novanta Inc COM                                             | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |     49372 | NS      | $5831326.92   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                          | Insulet Corporation COM                                     | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     31831 | NS      | $6679417.04   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                 | Alnylam Pharmaceuticals Inc. COM                            | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     17362 | NS      | $5744564.94   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Co. COM                                            | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    206608 | NS      | $9586611.20   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** Ivy Variable Insurance Portfolio

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration