British Airways Pensions Investment Management Ltd

Pension

CIK

1536558

Location

LONDON, X0

Portfolio Value

Mid $1,427,016,522

Diversification

Diversified

Filing Date

Global Rank

#1,023 / 5,900 ▼ 29

Top Industry

Internet Retail 9.1%

3Y Alpha vs SPY

-4.1%

Period ended 5 years ago

Filed Apr 27, 2021 · 5y

5 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+58.7%

SPY

+76.3%

Annualised alpha

-4.2%

Max drawdown

−18.9%

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

87 positions · as of Mar 31, 2021 · Δ vs Dec 31, 2020

Top Position

6.4%

−1.3 pts

Top 5

26.2%

−0.4 pts

Top 10

36.5%

−0.4 pts

HHI

230

Diversified−12

Portfolio Trend

5 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2021

Sector	% Portfolio	Value	Positions
Technology	19.1%	$272,748,948	13
Consumer Cyclical	18.9%	$270,035,727	17
Financial Services	13.8%	$197,159,146	11
Healthcare	12.7%	$181,795,903	12
Industrials	11.0%	$157,606,481	13
Communication Services	8.1%	$115,071,022	8
Consumer Defensive	5.9%	$84,258,446	7
Unclassified	5.4%	$77,709,612	1
Basic Materials	2.9%	$41,642,901	3
Energy	2.0%	$28,988,336	2

Last Quarter's Activity

Export CSV

Mar 31, 2021 vs Dec 31, 2020

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	+98,201	482,897	$24,488,817
SPY	Spdr S&P 500 ETF Trust	+51,476	196,073	$77,709,612
IR	Ingersoll Rand Inc.	+51,434	348,785	$17,163,709
TFC	Truist Financial Corp	+39,897	359,627	$20,973,446
MRSH	Marsh & Mclennan Companies, Inc.	+28,838	149,407	$18,197,772
JNJ	Johnson & Johnson	+28,175	205,847	$33,830,954
ALV	Autoliv Inc	+22,842	138,977	$12,897,065
PCRX	Pacira BioSciences, Inc.	+22,254	166,544	$11,673,068
SYY	Sysco Corp	+18,381	206,712	$16,276,502
GPN	Global Payments Inc	+15,360	88,383	$17,816,245
NVDA	Nvidia Corp	+12,732	42,642	$569,198
BIDU	Baidu, Inc.	+11,132	61,514	$13,382,370
MU	Micron Technology Inc	+9,887	173,774	$15,328,604
SBUX	Starbucks Corp	+7,618	175,115	$19,134,816
PCTY	Paylocity Holding Corp	+5,724	45,122	$8,114,289
LEA	Lear Corp	+3,710	93,236	$16,899,025
SAIA	Saia Inc	+3,679	59,682	$13,761,475
NOW	ServiceNow, Inc.	+3,442	32,761	$3,276,820
GS	Goldman Sachs Group Inc	+3,256	53,486	$17,489,922
CMG	Chipotle Mexican Grill Inc	+1,658	8,878	$252,280
DE	Deere & Co	+1,601	52,862	$19,777,788
AZO	Autozone Inc	+1,353	9,603	$13,485,492
NXPI	NXP Semiconductors N.V.	+502	82,395	$16,589,409
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FCX	Freeport-Mcmoran Inc	−133,779	372,945	$12,281,078
QCOM	Qualcomm Inc/De	−95,554	52,451	$6,954,478
AAPL	Apple Inc.	−63,135	746,336	$91,164,942
JD	JD.com, Inc.	−52,852	303,515	$25,595,419
BABA	Alibaba Group Holding Ltd	−37,202	371,337	$84,193,238
CFG	Citizens Financial Group Inc/Ri	−23,703	392,672	$17,336,468
KO	Coca Cola Co	−21,475	356,013	$18,765,445
URI	United Rentals, Inc.	−20,990	45,948	$15,131,135
MSFT	Microsoft Corp	−20,969	347,717	$81,981,237
T	At&T Inc.	−20,260	336,761	$7,699,198
PFE	Pfizer Inc	−15,398	255,692	$9,263,721
JPM	Jpmorgan Chase & Co	−15,296	254,200	$38,696,866
BMY	Bristol Myers Squibb Co	−12,865	213,424	$13,473,457
QRVO	Qorvo, Inc.	−12,818	68,456	$12,506,911
INTC	Intel Corp	−11,953	197,873	$12,663,872
XOM	Exxon Mobil Corp	−11,851	195,857	$10,934,696
VZ	Verizon Communications Inc	−11,750	194,250	$11,295,637
CSX	Csx Corp	−11,649	193,495	$6,218,929
TSLA	Tesla, Inc.	−11,321	24,160	$5,379,062
COST	Costco Wholesale Corp /New	−11,117	21,027	$7,411,596
CVX	Chevron Corp	−10,433	172,284	$18,053,640
PH	Parker-Hannifin Corp	−7,264	55,032	$17,358,743
MRK	Merck & Co., Inc.	−7,091	117,219	$8,622,535
PG	PROCTER & GAMBLE Co	−7,090	117,088	$15,857,227
ADBE	Adobe Inc.	−6,891	16,968	$8,066,078
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
PM	Philip Morris International Inc.	206,504	$18,325,164
HLT	Hilton Worldwide Holdings Inc.	139,905	$16,917,312
STLA	Stellantis N.V.	922,022	$16,402,771
BAC	Bank Of America Corp /De/	353,225	$13,666,275
VMI	Valmont Industries Inc	41,508	$9,865,206
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
CHTR	Charter Communications, Inc. /Mo/	30,012	$19,854,438
WH	Wyndham Hotels & Resorts, Inc.	247,225	$14,695,054
ADSK	Autodesk, Inc.	43,938	$13,416,028
FDX	Fedex Corp	48,889	$12,692,562
TER	Teradyne, Inc	99,427	$11,920,303
FROG	JFrog Ltd	20,723	$1,302,026
TTD	Trade Desk, Inc.	11,345	$908,734
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

87 positions · $1,427,016,522 total · as of Mar 31, 2021

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

Showing 1–50 of 87 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	746,336	-63,135	$91,164,942	−15.1%	6.39%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	371,337	-37,202	$84,193,238	−11.4%	5.90%
MSFT	Microsoft Corp Technology	Reduced	347,717	-20,969	$81,981,237	−0.0%	5.74%
SPY	Spdr S&P 500 ETF Trust	Added	196,073	+51,476	$77,709,612	+43.7%	5.45%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	254,200	-15,296	$38,696,866	+13.0%	2.71%
JNJ	Johnson & Johnson Healthcare	Added	205,847	+28,175	$33,830,954	+21.0%	2.37%
META	Meta Platforms, Inc. Communication Services	Reduced	112,594	-6,787	$33,162,310	+1.7%	2.32%
UNH	Unitedhealth Group Inc Healthcare	Reduced	81,580	-4,963	$30,353,470	+0.0%	2.13%
JD	JD.com, Inc. Consumer Cyclical	Reduced	303,515	-52,852	$25,595,419	−18.3%	1.79%
CMCSA	Comcast Corp Communication Services	Added	482,897	+98,201	$24,488,817	+29.6%	1.72%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	46,279	-2,836	$21,120,810	−7.7%	1.48%
TFC	Truist Financial Corp Financial Services	Added	359,627	+39,897	$20,973,446	+36.9%	1.47%
DE	Deere & Co Industrials	Added	52,862	+1,601	$19,777,788	+43.4%	1.39%
SBUX	Starbucks Corp Consumer Cyclical	Added	175,115	+7,618	$19,134,816	+6.8%	1.34%
KO	Coca Cola Co Consumer Defensive	Reduced	356,013	-21,475	$18,765,445	−9.4%	1.32%
PM	Philip Morris International Inc. Consumer Defensive	NEW	206,504	NEW	$18,325,164	NEW	1.28%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	149,407	+28,838	$18,197,772	+29.0%	1.28%
CVX	Chevron Corp Energy	Reduced	172,284	-10,433	$18,053,640	+17.0%	1.27%
GPN	Global Payments Inc Industrials	Added	88,383	+15,360	$17,816,245	+13.3%	1.25%
GS	Goldman Sachs Group Inc Financial Services	Added	53,486	+3,256	$17,489,922	+32.0%	1.23%
PH	Parker-Hannifin Corp Industrials	Reduced	55,032	-7,264	$17,358,743	+2.3%	1.22%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	392,672	-23,703	$17,336,468	+16.4%	1.21%
IR	Ingersoll Rand Inc. Industrials	Added	348,785	+51,434	$17,163,709	+26.7%	1.20%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	NEW	139,905	NEW	$16,917,312	NEW	1.19%
LEA	Lear Corp Consumer Cyclical	Added	93,236	+3,710	$16,899,025	+18.7%	1.18%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Reduced	108,417	-6,584	$16,849,899	−2.1%	1.18%
PPG	Ppg Industries Inc Basic Materials	Reduced	111,722	-6,786	$16,787,347	−1.8%	1.18%
V	Visa Inc. Financial Services	Reduced	78,919	-4,761	$16,709,519	−8.7%	1.17%
NXPI	NXP Semiconductors N.V. Technology	Added	82,395	+502	$16,589,409	+27.4%	1.16%
STLA	Stellantis N.V. Consumer Cyclical	NEW	922,022	NEW	$16,402,771	NEW	1.15%
SYY	Sysco Corp Consumer Defensive	Added	206,712	+18,381	$16,276,502	+16.4%	1.14%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	117,088	-7,090	$15,857,227	−8.2%	1.11%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	50,746	-3,039	$15,490,216	+8.4%	1.09%
MU	Micron Technology Inc Technology	Added	173,774	+9,887	$15,328,604	+24.4%	1.07%
DIS	Walt Disney Co Communication Services	Reduced	82,755	-4,964	$15,269,952	−3.9%	1.07%
URI	United Rentals, Inc. Industrials	Reduced	45,948	-20,990	$15,131,135	−2.5%	1.06%
MA	Mastercard Inc Financial Services	Reduced	41,510	-2,532	$14,779,635	−6.0%	1.04%
RRX	Regal Rexnord Corp Industrials	Reduced	102,428	-6,179	$14,614,427	+9.6%	1.02%
CB	Chubb Ltd Financial Services	Reduced	92,100	-5,571	$14,549,037	−3.2%	1.02%
SAIA	Saia Inc Industrials	Added	59,682	+3,679	$13,761,475	+35.9%	0.96%
BAC	Bank Of America Corp /De/ Financial Services	NEW	353,225	NEW	$13,666,275	NEW	0.96%
AZO	Autozone Inc Consumer Cyclical	Added	9,603	+1,353	$13,485,492	+37.9%	0.95%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	213,424	-12,865	$13,473,457	−4.0%	0.94%
FIVE	Five Below, Inc Consumer Cyclical	Reduced	70,522	-4,255	$13,454,892	+2.8%	0.94%
BIDU	Baidu, Inc. Communication Services	Added	61,514	+11,132	$13,382,370	+22.8%	0.94%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	55,034	-3,343	$13,364,456	−2.2%	0.94%
ZBRA	Zebra Technologies Corp Technology	Reduced	27,259	-5,333	$13,225,521	+5.6%	0.93%
ALV	Autoliv Inc Consumer Cyclical	Added	138,977	+22,842	$12,897,065	+20.6%	0.90%
INTC	Intel Corp Technology	Reduced	197,873	-11,953	$12,663,872	+21.1%	0.89%
PODD	Insulet Corp Healthcare	Reduced	48,322	-2,937	$12,608,176	−3.8%	0.88%