NPORT-P false 0000810016 XXXXXXXX S000006234 C000017168 Ivy Variable Insurance Portfolios 811-05017 0000810016 72XHPUAYSOH6ROSGJT53 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201 18007776472 Ivy VIP Small Cap Core S000006234 ZRJY0CYFDPH4SGPRYA91 2020-12-31 2020-06-30 N 152055508.15 278416.69 151777091.46 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 0.00000000 N Cardtronics plc Class A 549300Y550MRJSMQQY02 N/A 133274.00000000 NS USD 3195910.52000000 2.105660669378 Long EC CORP GB N 1 N N N LPL Investment Holdings Inc. 549300XROQ4Y8G2L7682 50212V100 29086.00000000 NS USD 2280342.40000000 1.502428580008 Long EC CORP US N 1 N N N Coherent Inc. 549300RYOCKUMWACR010 192479103 34262.00000000 NS USD 4487636.76000000 2.956728658344 Long EC CORP US N 1 N N N Chemed Corp. 54930020031IDJT2IM79 16359R103 10901.00000000 NS USD 4917114.07000000 3.239694490585 Long EC CORP US N 1 N N N Exact Sciences Corp. 549300VM3X1FYD4N9Z14 30063P105 3491.00000000 NS USD 303507.54000000 0.199969268801 Long EC CORP US N 1 N N N Knight Transportation Inc. N/A 499049104 110126.00000000 NS USD 4593355.46000000 3.026382582387 Long EC CORP US N 1 N N N Change Healthcare Inc. 549300GS1BPJEDOZHM07 15912K100 122382.00000000 NS USD 1370678.40000000 0.903086484801 Long EC CORP US N 1 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 198516106 17355.00000000 NS USD 1398465.90000000 0.921394583693 Long EC CORP US N 1 N N N Quidel Corp. 549300X2FQ6S98OQLQ46 74838J101 3973.00000000 NS USD 888919.02000000 0.585674037793 Long EC CORP US N 1 N N N STAG Industrial Inc. 549300QWYX2W6FASVQ07 85254J102 37195.00000000 NS USD 1090557.40000000 0.718525694167 Long EC CORP US N 1 N N N Polaris Inc. 549300QJSN8UVWN1EI78 731068102 16149.00000000 NS USD 1494589.95000000 0.984726967438 Long EC CORP US N 1 N N N Vonage Holdings Corp. 529900W7N0N4WLN1JY21 92886T201 178985.00000000 NS USD 1800589.10000000 1.186337860792 Long EC CORP US N 1 N N N TopBuild Corp. 5493007YSKHOL4RWII46 89055F103 20950.00000000 NS USD 2383481.50000000 1.570382906321 Long EC CORP US N 1 N N N Nomad Foods Ltd. 5493000ZZ1837DS2SI43 N/A 70918.00000000 NS USD 1521191.10000000 1.002253426631 Long EC CORP VG N 1 N N N Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares N/A N/A 563500.00000000 NS USD 563500.00000000 0.371268150271 Long STIV RF XX N 1 N N N Halozyme Therapeutics Inc. 529900242I3SV9AGM753 40637H109 147430.00000000 NS USD 3952598.30000000 2.604212705605 Long EC CORP US N 1 N N N Skechers USA Inc. 529900D2R54KZPA4XR56 830566105 69372.00000000 NS USD 2176893.36000000 1.434270046328 Long EC CORP US N 1 N N N Essent Group Ltd. 254900QUO860OUT6ZF83 N/A 60501.00000000 NS USD 2194371.27000000 1.445785558868 Long EC CORP BM N 1 N N N First Solar Inc. 549300NPYMLM4NHTOF27 336433107 59613.00000000 NS USD 2950843.50000000 1.944195577616 Long EC CORP US N 1 N N N Tandem Diabetes Care Inc. 549300JEPFOD0K4D3I05 875372203 15429.00000000 NS USD 1526236.68000000 1.005577762308 Long EC CORP US N 1 N N N Portland General Electric Co. GJOUP9M7C39GLSK9R870 736508847 29677.00000000 NS USD 1240795.37000000 0.817511627126 Long EC CORP US N 1 N N N KB Home 549300LGUCWQURMWLG09 48666K109 36744.00000000 NS USD 1127305.92000000 0.742737859288 Long EC CORP US N 1 N N N Compass Minerals International Inc. 2549008X9G8XP7YJGC47 20451N101 76382.00000000 NS USD 3723622.50000000 2.453349490480 Long EC CORP US N 1 N N N Visteon Corp. 549300MOVLYHRW4GGW78 92839U206 17046.00000000 NS USD 1167651.00000000 0.769319657379 Long EC CORP US N 1 N N N Varonis Systems Inc. 549300SHIVNRRH7STS26 922280102 35957.00000000 NS USD 3181475.36000000 2.096149906020 Long EC CORP US N 1 N N N Bunge Ltd. 5493007M0RIN8HY3MM77 N/A 36514.00000000 NS USD 1501820.82000000 0.989491105379 Long EC CORP BM N 1 N N N Huntsman Corp. 5299000V56320A7RIQ67 447011107 86019.00000000 NS USD 1545761.43000000 1.018441857813 Long EC CORP US N 1 N N N Generac Holdings Inc. 529900S2H2AHJHSFFI84 368736104 18951.00000000 NS USD 2310695.43000000 1.522427006455 Long EC CORP US N 1 N N N Crane Co. 549300X1RO9ID7AUCA83 224399105 19823.00000000 NS USD 1178675.58000000 0.776583322728 Long EC CORP US N 1 N N N RBC Bearings Inc. N/A 75524B104 15240.00000000 NS USD 2042769.60000000 1.345901137220 Long EC CORP US N 1 N N N Cabot Corp. K05C0SER542GQ6VLRO68 127055101 38053.00000000 NS USD 1409863.65000000 0.928904116186 Long EC CORP US N 1 N N N Q2 Holdings Inc. 549300M9RKR9DZXWS696 74736L109 21930.00000000 NS USD 1881374.70000000 1.239564338664 Long EC CORP US N 1 N N N EVERTEC Inc. N/A 30040P103 79393.00000000 NS USD 2230943.30000000 1.469881441619 Long EC CORP PR N 1 N N N First Horizon National Corp. TF3RXI1ZB1TQ30H9JV10 320517105 143860.00000000 NS USD 1432845.60000000 0.944046025798 Long EC CORP US N 1 N N N Clean Harbors Inc. 5493000SJVZVZJKHJF48 184496107 49733.00000000 NS USD 2982985.34000000 1.965372581135 Long EC CORP US N 1 N N N Knowles Corp. 5493003EO323TDZQU148 49926D109 117157.00000000 NS USD 1787815.82000000 1.177922045285 Long EC CORP US N 1 N N N ONE Gas Inc. 549300HXDWI0LATTX840 68235P108 21247.00000000 NS USD 1637081.35000000 1.078608987859 Long EC CORP US N 1 N N N frontdoor Inc. 5493008RB0JZJI3QGZ06 35905A109 31690.00000000 NS USD 1404817.70000000 0.925579536731 Long EC CORP US N 1 N N N Morningstar Inc. 529900YGNQPOVAXQ7F29 617700109 21780.00000000 NS USD 3070326.60000000 2.022918327440 Long EC CORP US N 1 N N N 2U Inc. 5493008RVTXVR43PYF84 90214J101 96022.00000000 NS USD 3644995.12000000 2.401544979507 Long EC CORP US N 1 N N N Magnolia Oil & Gas Corp. N/A 559663109 325151.00000000 NS USD 1970415.06000000 1.298229555623 Long EC CORP US N 1 N N N Encompass Health Corp. 549300FVRPM9DRQZRG64 29261A100 70814.00000000 NS USD 4385511.02000000 2.889441995372 Long EC CORP US N 1 N N N ICF International Inc. 5493003KYFDDC5B3WY64 44925C103 55283.00000000 NS USD 3583996.89000000 2.361355627205 Long EC CORP US N 1 N N N Switch Inc. Class A 549300EZ98N5Y55J4X37 87105L104 369557.00000000 NS USD 6585505.74000000 4.338932625899 Long EC CORP US N 1 N N N Brooks Automation Inc. 35ZN6X1ANPH25YN32Y17 114340102 70283.00000000 NS USD 3109319.92000000 2.048609503641 Long EC CORP US N 1 N N N Cogent Communications Group Inc. N/A 19239V302 31541.00000000 NS USD 2440011.76000000 1.607628487625 Long EC CORP US N 1 N N N Agree Realty Corp. N/A 008492100 35741.00000000 NS USD 2348541.11000000 1.547362047466 Long EC CORP US N 1 N N N State Street Institutional U.S. Government Money Market Fund - Premier Class N/A N/A 251915.46000000 NS USD 251915.46000000 0.165977261506 Long STIV RF US N 1 N N N Integer Holdings Corp. 549300SUD2ED5XG6X569 45826H109 22893.00000000 NS USD 1672333.65000000 1.101835352037 Long EC CORP US N 1 N N N Enphase Energy Inc. 5493008U7KIGMI59Z314 29355A107 11916.00000000 NS USD 566844.12000000 0.373471460381 Long EC CORP US N 1 N N N NuVasive Inc. 549300C5ZB4NZ6TWM881 670704105 25110.00000000 NS USD 1397622.60000000 0.920838966246 Long EC CORP US N 1 N N N Restoration Hardware Holdings Inc. 5493008MTS3OGGMHGK69 74967X103 6233.00000000 NS USD 1551393.70000000 1.022152740625 Long EC CORP US N 1 N N N FTI Consulting Inc. 549300K17GM8EQD0FQ48 302941109 20845.00000000 NS USD 2387794.75000000 1.573224738352 Long EC CORP US N 1 N N N Kemper Corp. 549300FNI1JKTRY2PV09 488401100 54344.00000000 NS USD 3941026.88000000 2.596588748729 Long EC CORP US N 1 N N N nVent Electric plc N/A N/A 169358.00000000 NS USD 3172075.34000000 2.089956599831 Long EC CORP IE N 1 N N N TreeHouse Foods Inc. 5493007M7EVHE470Q576 89469A104 149068.00000000 NS USD 6529178.40000000 4.301820740662 Long EC CORP US N 1 N N N Webster Financial Corp. KMRURHT0VWKYS6Z5KU67 947890109 120373.00000000 NS USD 3443871.53000000 2.269032498166 Long EC CORP US N 1 N N N TCF Financial Corp. 549300UK6KFVK4A0D603 872307103 142090.00000000 NS USD 4180287.80000000 2.754228427879 Long EC CORP US N 1 N N N HealthEquity Inc. 529900LRJU1RAFQHM467 42226A107 33460.00000000 NS USD 1963098.20000000 1.293408762229 Long EC CORP US N 1 N N N Haemonetics Corp. 549300ZEL6TXZS6F5F95 405024100 23825.00000000 NS USD 2133767.00000000 1.405855771430 Long EC CORP US N 1 N N N Parsley Energy Inc. Class A 549300DMRA8DSL66G562 701877102 155328.00000000 NS USD 1658903.04000000 1.092986447455 Long EC CORP US N 1 N N N Element Solutions Inc. 549300FLGN6P5CU20J91 28618M106 245188.00000000 NS USD 2660289.80000000 1.752761088257 Long EC CORP US N 1 N N N Encore Capital Group Inc. 5493000UVC6H49CIH830 292554102 114916.00000000 NS USD 3927828.88000000 2.587893101796 Long EC CORP US N 1 N 2020-07-30 Ivy Variable Insurance Portfolios Joseph W. Kauten Joseph W. Kauten Treasurer, Vice President