PORTFOLIO OF INVESTMENTS
as of March 31, 2025 (Unaudited)
1
Voya Large Cap Growth Portfolio
Shares
RA
Value
Percentage
of Net
Assets
COMMON STOCK: 98.8%
Communication Services: 13.7%
414,921 
Alphabet, Inc. - Class A
$
64,163,384
3
.2
193,926 
Meta Platforms, Inc.
- Class A
111,771,189
5
.5
55,246 
(1)
Netflix, Inc.
51,518,552
2
.6
75,801 
(1)
Reddit, Inc. - Class A
7,951,525
0
.4
159,488 
(1)
ROBLOX Corp. - Class
A
9,296,556
0
.5
34,242 
(1)
Spotify Technology SA
18,834,127
0
.9
206,217 
(1)
Trade Desk, Inc.
- Class A
11,284,194
0
.6
274,819,527
13
.7
Consumer Discretionary: 13.7%
900,811 
(1)
Amazon.com, Inc.
171,388,301
8
.5
5,163 
Booking Holdings, Inc.
23,785,476
1
.2
72,319 
(1)
Burlington Stores, Inc.
17,235,787
0
.8
100,583 
Lowe's Cos., Inc.
23,458,973
1
.2
97,382 
Starbucks Corp.
9,552,200
0
.5
118,778 
(1)
Tesla, Inc.
30,782,507
1
.5
276,203,244
13
.7
Consumer Staples: 4.0%
959,916 
Kenvue, Inc.
23,018,786
1
.1
204,243 
McCormick & Co., Inc.
16,811,241
0
.8
136,538 
Philip Morris
International, Inc.
21,672,677
1
.1
217,273 
Walmart, Inc.
19,074,396
1
.0
80,577,100
4
.0
Energy: 0.6%
106,377 
Chesapeake Energy
Corp.
11,841,888
0
.6
Financials: 4.0%
784,991 
Blue Owl Capital, Inc.
15,731,220
0
.8
46,532 
Goldman Sachs
Group, Inc.
25,419,966
1
.3
26,432 
MSCI, Inc.
14,947,296
0
.7
163,265 
Tradeweb Markets,
Inc. - Class A
24,238,322
1
.2
80,336,804
4
.0
Health Care: 9.5%
184,183 
(1)
Boston Scientific Corp.
18,580,381
0
.9
79,397 
Eli Lilly & Co.
65,574,776
3
.3
54,058 
(1)
Intuitive Surgical, Inc.
26,773,306
1
.3
31,705 
McKesson Corp.
21,337,148
1
.1
8,672 
(1)
Mettler-Toledo
International, Inc.
10,240,852
0
.5
41,460 
Thermo Fisher
Scientific, Inc.
20,630,496
1
.0
56,098 
(1)
Vertex
Pharmaceuticals, Inc.
27,197,432
1
.4
190,334,391
9
.5
Industrials: 4.7%
116,298 
3M Co.
17,079,524
0
.8
37,854 
(1)
Axon Enterprise, Inc.
19,909,311
1
.0
63,924 
(1)
Builders FirstSource,
Inc.
7,986,665
0
.4
Shares
Value
Percentage
of Net
Assets
COMMON STOCK: (continued)
Industrials: (continued)
23,060 
Comfort Systems USA,
Inc.
$
7,432,930
0
.4
109,886 
Dover Corp.
19,304,773
1
.0
19,254 
(1)
Saia, Inc.
6,727,925
0
.3
12,465 
TransDigm Group, Inc.
17,242,710
0
.8
95,683,838
4
.7
Information Technology: 46.8%
977,067 
Apple, Inc.
217,035,893
10
.8
52,445 
(1)
AppLovin Corp. - Class
A
13,896,352
0
.7
123,632 
(1)
Atlassian Corp. - Class
A
26,235,947
1
.3
407,296 
Broadcom, Inc.
68,193,569
3
.4
62,917 
(1)
Crowdstrike Holdings,
Inc. - Class A
22,183,276
1
.1
103,513 
(1)
Datadog, Inc. - Class A
10,269,525
0
.5
112,992 
Micron Technology,
Inc.
9,817,875
0
.5
555,475 
Microsoft Corp.
208,519,760
10
.4
35,717 
(1)
Monday.com Ltd.
8,684,946
0
.4
1,860,124 
NVIDIA Corp.
201,600,239
10
.0
68,020 
Oracle Corp.
9,509,876
0
.5
173,020 
(1)
Palantir Technologies,
Inc. - Class A
14,602,888
0
.7
141,930 
(1)
Palo Alto Networks,
Inc.
24,218,935
1
.2
42,279 
(1)
ServiceNow, Inc.
33,660,003
1
.7
204,377 
Visa, Inc. - Class A
71,625,963
3
.6
940,055,047
46
.8
Materials: 1.3%
48,381 
Sherwin-Williams Co.
16,894,161
0
.8
39,195 
Vulcan Materials Co.
9,144,194
0
.5
26,038,355
1
.3
Real Estate: 0.5%
70,239 
Welltower, Inc.
10,761,317
0
.5
Total Common Stock
(Cost $1,547,029,186)
1,986,651,511
98
.8
PORTFOLIO OF INVESTMENTS
as of March 31, 2025 (Unaudited) (continued)
2
Voya Large Cap Growth Portfolio
Shares
RA
Value
Percentage
of Net
Assets
SHORT-TERM INVESTMENTS: 1.1%
Mutual Funds: 1.1%
21,965,000 
(2)
Morgan Stanley
Institutional Liquidity
Funds - Government
Portfolio (Institutional
Share Class), 4.270%
(Cost $21,965,000)
$
21,965,000
1
.1
Total Short-Term
Investments
(Cost $21,965,000)
$
21,965,000
1
.1
Total Investments in
Securities
(Cost $1,568,994,186)
$
2,008,616,511
99
.9
Assets in Excess of
Other Liabilities
1,530,951
0.1
Net Assets
$
2,010,147,462
100.0
(1)
Non-income producing security.
(2)
Rate shown is the 7-day yield as of March 31, 2025.
PORTFOLIO OF INVESTMENTS
as of March 31, 2025 (Unaudited) (continued)
3
Voya Large Cap Growth Portfolio
Fair Value Measurements
The following is a summary of the fair valuations according to the inputs used as of March 31, 2025 in valuing the assets
and liabilities:
Quoted Prices
in Active Markets
for Identical
Investments
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Fair Value
at
March 31, 2025
Asset Table
Investments, at fair value
Common Stock*
$
1,986,651,511
$
—
$
—
$
1,986,651,511
Short-Term Investments
21,965,000
—
—
21,965,000
Total Investments, at fair value
$
2,008,616,511
$
—
$
—
$
2,008,616,511
*
For further breakdown of Common Stock by sector, please refer to the Portfolio of Investments.
Net unrealized appreciation consisted of:
Gross Unrealized Appreciation
$
492,139,484
Gross Unrealized Depreciation
(
52,517,159
)
Net Unrealized Appreciation
$
439,622,325