IBM Retirement Fund

Pension

CIK

1018825

Location

ARMONK, NY

Portfolio Value

Small $518,814,720

Diversification

Diversified

Filing Date

Global Rank

#2,011 / 6,765 ▼ 41 · as of Mar 2022

Top Industry

Software - Infrastructure 8.7%

3Y Alpha vs SPY

-4.8%

Period ended 4 years ago

Filed Apr 14, 2022 · 4y

9 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.2%

SPY

+76.5%

Annualised alpha

-4.6%

Max drawdown

−16.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

462 positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

8.3%

+0.3 pts

Top 5

20.5%

−0.1 pts

Top 10

26.5%

−0.2 pts

HHI

162

Diversified+2

Portfolio Trend

9 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Technology	28.2%	$146,299,754	84
Healthcare	15.5%	$80,629,318	59
Financial Services	15.2%	$78,677,578	63
Industrials	8.2%	$42,511,860	58
Consumer Defensive	7.1%	$36,859,128	31
Consumer Cyclical	7.1%	$36,787,997	46
Communication Services	5.3%	$27,271,121	19
Energy	4.4%	$22,722,835	20
Real Estate	3.5%	$17,965,754	32
Utilities	3.0%	$15,673,731	26
Basic Materials	2.4%	$12,446,159	23
Unclassified	0.2%	$969,485	1

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
PCG	PG&E Corp	+6,543	31,699	$378,486
AMD	Advanced Micro Devices Inc	+5,930	26,920	$2,943,432
SPGI	S&P Global Inc.	+1,528	5,539	$2,149,467
XYZ	Block, Inc.	+1,062	7,653	$1,037,746
PSX	Phillips 66	+157	7,449	$643,519
ARE	Alexandria Real Estate Equities, Inc.	+94	2,652	$533,715
ATO	Atmos Energy Corp	+75	2,213	$264,431
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−10,790	246,233	$42,994,744
BAC	Bank Of America Corp /De/	−6,461	113,487	$4,677,934
MSFT	Microsoft Corp	−5,264	120,223	$37,065,953
T	At&T Inc.	−4,947	113,877	$2,032,408
WFC	Wells Fargo & Company/Mn	−4,555	62,051	$3,006,991
CMCSA	Comcast Corp	−4,098	71,817	$3,151,329
PFE	Pfizer Inc	−3,905	89,083	$4,611,826
XOM	Exxon Mobil Corp	−2,968	67,520	$5,576,476
CSCO	Cisco Systems, Inc.	−2,906	67,470	$3,762,127
INTC	Intel Corp	−2,833	64,472	$3,195,232
HPQ	Hp Inc	−2,755	17,278	$627,191
F	Ford Motor Co	−2,749	62,448	$1,055,995
KO	Coca Cola Co	−2,650	61,972	$3,842,264
META	Meta Platforms, Inc.	−2,553	36,804	$8,183,737
CSX	Csx Corp	−2,425	35,253	$1,320,224
BMY	Bristol Myers Squibb Co	−2,388	34,766	$2,538,960
ORCL	Oracle Corp	−2,359	25,713	$2,127,236
LUMN	Lumen Technologies, Inc.	−2,244	16,164	$182,168
C	Citigroup Inc	−2,094	31,649	$1,690,056
JPM	Jpmorgan Chase & Co	−2,046	46,855	$6,387,273
VZ	Verizon Communications Inc	−1,983	67,012	$3,413,591
JNJ	Johnson & Johnson	−1,837	42,026	$7,448,267
MRK	Merck & Co., Inc.	−1,780	40,416	$3,316,132
MO	Altria Group, Inc.	−1,762	29,088	$1,519,848
V	Visa Inc.	−1,684	26,502	$5,877,348
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
MDT	Medtronic plc	21,418	$2,376,327
AMT	American Tower Corp /Ma/	7,201	$1,809,035
ETN	Eaton Corp plc	6,375	$967,470
TROW	Price T Rowe Group Inc	3,600	$544,284
AMP	Ameriprise Financial Inc	1,791	$537,944
COR	Cencora, Inc.	2,362	$365,425
MTB	M&T Bank Corp	2,055	$348,322
SPOT	Spotify Technology S.A.	2,184	$329,827
TRGP	Targa Resources Corp.	3,557	$268,446
AA	Alcoa Corp	2,926	$263,427
CLF	Cleveland-Cliffs Inc.	7,605	$244,957
FTV	Fortive Corp	5,227	$240,000
APA	APA Corp	5,770	$238,474
DAR	Darling Ingredients Inc.	2,501	$201,030
WRB	Berkley W R Corp	3,226	$143,212
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MRVL	Marvell Technology, Inc.	13,624	$1,191,963
GE	General Electric Co	18,199	$1,071,127
BURL	Burlington Stores, Inc.	1,107	$322,701
CVNA	Carvana Co.	1,286	$298,081
BLDR	Builders FirstSource, Inc.	3,410	$292,271
MAS	Masco Corp /De/	4,103	$288,112
BBWI	Bath & Body Works, Inc.	4,074	$284,324
LKQ	Lkq Corp	4,551	$273,196
BIO	Bio-Rad Laboratories, Inc.	353	$266,716
CUBE	CubeSmart	4,611	$262,412
TREX	Trex Co Inc	1,926	$260,067
RNG	RingCentral, Inc.	1,340	$251,049
PHM	Pultegroup Inc/Mi/	4,321	$246,988
RIVN	Rivian Automotive, Inc. / DE	2,374	$246,160
FFIV	F5, Inc.	1,003	$245,444
MASI	Masimo Corp	834	$244,178
RGEN	Repligen Corp	911	$241,269
WHR	Whirlpool Corp /De/	1,021	$239,587
W	Wayfair Inc.	1,254	$238,222
CBOE	Cboe Global Markets, Inc.	1,781	$232,242
MPT	Medical Properties Trust Inc	9,772	$230,912
TDOC	Teladoc Health, Inc.	2,513	$230,743
JLL	Jones Lang Lasalle Inc	843	$227,053
GGG	Graco Inc	2,783	$224,365
FND	Floor & Decor Holdings, Inc.	1,701	$221,147
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

462 positions · $518,814,720 total · as of Mar 31, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 462 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	246,233	-10,790	$42,994,744	−5.8%	8.29%
MSFT	Microsoft Corp Technology	Reduced	120,223	-5,264	$37,065,953	−12.2%	7.14%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	29,267	-1,268	$10,328,616	+13.1%	1.99%
META	Meta Platforms, Inc. Communication Services	Reduced	36,804	-2,553	$8,183,737	−38.2%	1.58%
UNH	Unitedhealth Group Inc Healthcare	Reduced	15,008	-655	$7,653,629	−2.7%	1.48%
JNJ	Johnson & Johnson Healthcare	Reduced	42,026	-1,837	$7,448,267	−0.7%	1.44%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	46,855	-2,046	$6,387,273	−17.5%	1.23%
V	Visa Inc. Financial Services	Reduced	26,502	-1,684	$5,877,348	−3.8%	1.13%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	38,404	-1,657	$5,868,131	−10.5%	1.13%
XOM	Exxon Mobil Corp Energy	Reduced	67,520	-2,968	$5,576,476	+29.3%	1.07%
CVX	Chevron Corp Energy	Reduced	30,851	-1,349	$5,023,468	+32.9%	0.97%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	16,666	-1,056	$4,988,633	−32.2%	0.96%
MA	Mastercard Inc Financial Services	Reduced	13,779	-789	$4,924,339	−5.9%	0.95%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	13,279	-189	$4,769,816	+0.5%	0.92%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	113,487	-6,461	$4,677,934	−12.3%	0.90%
PFE	Pfizer Inc Healthcare	Reduced	89,083	-3,905	$4,611,826	−16.0%	0.89%
ABBV	AbbVie Inc. Healthcare	Reduced	28,172	-1,240	$4,566,962	+14.7%	0.88%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	7,053	-309	$4,061,470	−2.8%	0.78%
DIS	Walt Disney Co Communication Services	Reduced	28,974	-1,257	$3,974,073	−15.1%	0.77%
LLY	ELI LILLY & Co Healthcare	Reduced	13,522	-594	$3,872,295	−0.7%	0.75%
KO	Coca Cola Co Consumer Defensive	Reduced	61,972	-2,650	$3,842,264	+0.4%	0.74%
CSCO	Cisco Systems, Inc. Technology	Reduced	67,470	-2,906	$3,762,127	−15.6%	0.73%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	6,267	-274	$3,701,603	−15.2%	0.71%
PEP	Pepsico Inc Consumer Defensive	Reduced	22,034	-955	$3,688,050	−7.6%	0.71%
ACN	Accenture plc Technology	Reduced	10,159	-424	$3,425,919	−21.9%	0.66%
ADBE	Adobe Inc. Technology	Reduced	7,519	-427	$3,425,806	−24.0%	0.66%
VZ	Verizon Communications Inc Communication Services	Reduced	67,012	-1,983	$3,413,591	−4.8%	0.66%
MRK	Merck & Co., Inc. Healthcare	Reduced	40,416	-1,780	$3,316,132	+2.5%	0.64%
ABT	Abbott Laboratories Healthcare	Reduced	27,708	-1,214	$3,279,518	−19.4%	0.63%
INTC	Intel Corp Technology	Reduced	64,472	-2,833	$3,195,232	−7.8%	0.62%
CRM	Salesforce, Inc. Technology	Reduced	14,921	-648	$3,168,026	−19.9%	0.61%
CMCSA	Comcast Corp Communication Services	Reduced	71,817	-4,098	$3,151,329	−12.0%	0.61%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	62,051	-4,555	$3,006,991	−5.9%	0.58%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	11,914	-518	$2,946,093	−11.6%	0.57%
AMD	Advanced Micro Devices Inc Technology	Added	26,920	+5,930	$2,943,432	−2.6%	0.57%
UNP	Union Pacific Corp Industrials	Reduced	10,251	-603	$2,800,675	+2.4%	0.54%
QCOM	Qualcomm Inc/De Technology	Reduced	17,996	-790	$2,750,148	−19.9%	0.53%
TXN	Texas Instruments Inc Technology	Reduced	14,722	-649	$2,701,192	−6.8%	0.52%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	19,772	-859	$2,660,520	−22.6%	0.51%
NEE	Nextera Energy Inc Utilities	Reduced	31,333	-1,322	$2,654,218	−12.9%	0.51%
DHR	Danaher Corp /De/ Healthcare	Reduced	10,115	-442	$2,630,348	−14.6%	0.51%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	34,766	-2,388	$2,538,960	+9.6%	0.49%
UPS	United Parcel Service Inc Industrials	Reduced	11,527	-523	$2,472,080	−4.3%	0.48%
MDT	Medtronic plc Healthcare	NEW	21,418	NEW	$2,376,327	NEW	0.46%
RTX	RTX Corp Industrials	Reduced	23,857	-1,348	$2,363,512	+9.0%	0.46%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	24,833	-1,105	$2,332,812	−5.3%	0.45%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	10,766	-1,033	$2,176,777	−28.6%	0.42%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	18,768	-800	$2,170,519	−41.2%	0.42%
AMGN	Amgen Inc Healthcare	Reduced	8,895	-560	$2,150,988	+1.1%	0.41%
SPGI	S&P Global Inc. Financial Services	Added	5,539	+1,528	$2,149,467	+20.0%	0.41%