B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2021, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2021-09-30, active share 97.7%; sector active share 80.0% against the combined 13F book's sector weights.
Over time 7 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
22 tracked positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021Portfolio Trend
Sector Breakdown
As of Sep 30, 2021| Sector | % Portfolio | Value |
|---|---|---|
| Utilities | 50.1% | $192,379,263 |
| Energy | 15.4% | $59,208,107 |
| Industrials | 14.7% | $56,296,989 |
| Real Estate | 12.5% | $48,087,420 |
| Unclassified | 5.6% | $21,651,000 |
| Communication Services | 1.6% | $6,054,191 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNew Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 234,113 | $45,888,489 | 11.96% | |
| AMT |
American Tower Corp
Real Estate
|
Held | 142,000 | $37,688,220 | 9.82% | |
| NEE |
Nextera Energy Inc
Utilities
|
Held | 332,000 | $26,068,640 | 6.79% | |
| XEL |
Xcel Energy Inc
Utilities
|
Held | 366,927 | $22,932,937 | 5.98% | |
|
|
Held | 80,000 | $21,651,000 | 5.64% | ||
| LNT |
Alliant Energy Corp
Utilities
|
Held | 378,904 | $21,211,045 | 5.53% | |
| WEC |
Wec Energy Group, Inc.
Utilities
|
Held | 235,000 | $20,727,000 | 5.40% | |
| NI |
Nisource Inc.
Utilities
|
Held | 851,995 | $20,643,838 | 5.38% | |
| ENB |
Enbridge Inc
Energy
|
Held | 495,000 | $19,701,000 | 5.13% | |
| AEP |
American Electric Power Co Inc
Utilities
|
Held | 224,000 | $18,184,320 | 4.74% | |
| TRP |
Tc Energy Corp
Energy
|
Held | 362,200 | $17,418,198 | 4.54% | |
| EVRG |
Evergy, Inc.
Utilities
|
Held | 275,000 | $17,105,000 | 4.46% | |
| EIX |
Edison International
Utilities
|
Held | 284,000 | $15,753,480 | 4.11% | |
| WMB |
Williams Companies, Inc.
Energy
|
Held | 546,000 | $14,163,240 | 3.69% | |
| PNW |
Pinnacle West Capital Corp
Utilities
|
Held | 150,000 | $10,854,000 | 2.83% | |
| CNI |
Canadian National Railway Co
Industrials
|
Held | 90,000 | $10,408,500 | 2.71% | |
| CCI |
Crown Castle Inc.
Real Estate
|
Held | 60,000 | $10,399,200 | 2.71% | |
| PPL |
PPL Corp
Utilities
|
Held | 310,000 | $8,642,800 | 2.25% | |
| PBA |
Pembina Pipeline Corp
Energy
|
Held | 250,100 | $7,925,669 | 2.07% | |
| TLK |
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk
Communication Services
|
Held | 238,354 | $6,054,191 | 1.58% | |
| EXC |
Exelon Corp
Utilities
|
Held | 119,500 | $5,776,627 | 1.51% | |
| DUK |
Duke Energy CORP
Utilities
|
Reduced | 45,902 | $4,479,576 | 1.17% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.