Railway Pension Investments Ltd
PensionFiling Date
Global Rank
#525
/ 8,588
▼ 53
Top Industry
Semiconductors
11.5%
3Y Alpha vs SPY
-7.3%
Period ended 3 months ago
Filed May 12, 2026 · 36d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+46.8%
SPY
+76.8%
Annualised alpha
-7.3%
Max drawdown
−15.3%
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
103 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
5.3%
−1.0 pts
Top 5
19.4%
−1.1 pts
Top 10
34.9%
+1.4 pts
HHI
230
Diversified+6
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 37.0% | $2,601,007,045 |
| Healthcare | 18.6% | $1,306,613,248 |
| Consumer Cyclical | 9.6% | $676,114,378 |
| Communication Services | 7.9% | $552,571,962 |
| Utilities | 7.6% | $532,415,090 |
| Industrials | 5.5% | $384,246,117 |
| Financial Services | 5.0% | $352,315,908 |
| Energy | 3.5% | $242,643,176 |
| Real Estate | 2.9% | $202,389,172 |
| Consumer Defensive | 2.2% | $154,001,666 |
| Basic Materials | 0.3% | $20,787,384 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
9 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SYK | Stryker Corp | +451,160 | 489,760 | $160,930,238 | |
| GDDY | GoDaddy Inc. | +219,600 | 263,700 | $21,800,079 | |
| CEG | Constellation Energy Corp | +86,020 | 632,760 | $176,698,230 | |
| AMZN | Amazon Com Inc | +76,800 | 1,121,800 | $233,637,286 | |
| ADBE | Adobe Inc. | +73,000 | 88,400 | $21,488,272 | |
| ROST | Ross Stores, Inc. | +64,600 | 82,900 | $17,958,627 | |
| META | Meta Platforms, Inc. | +57,620 | 399,440 | $228,531,607 | |
| INTU | Intuit Inc. | +23,040 | 51,240 | $22,155,151 | |
| EME | EMCOR Group, Inc. | +1,840 | 25,401 | $18,753,812 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PEG | Public Service Enterprise Group Inc | −502,900 | 1,722,350 | $139,424,232 | |
| HPQ | Hp Inc | −327,400 | 1,432,115 | $27,510,929 | |
| GOOGL | Alphabet Inc. | −278,230 | 920,190 | $264,609,836 | |
| FAST | Fastenal Co | −197,960 | 1,686,750 | $78,265,200 | |
| NEE | Nextera Energy Inc | −189,000 | 2,328,732 | $216,292,628 | |
| MO | Altria Group, Inc. | −174,400 | 1,292,400 | $85,285,476 | |
| CSCO | Cisco Systems, Inc. | −150,600 | 1,138,076 | $88,303,316 | |
| BMY | Bristol Myers Squibb Co | −143,700 | 1,040,700 | $63,118,455 | |
| NOW | ServiceNow, Inc. | −140,720 | 892,280 | $93,287,874 | |
| NVDA | Nvidia Corp | −119,700 | 1,407,700 | $245,502,880 | |
| MSFT | Microsoft Corp | −108,240 | 1,013,270 | $375,082,155 | |
| CTSH | Cognizant Technology Solutions Corp | −107,400 | 434,580 | $26,661,483 | |
| QCOM | Qualcomm Inc/De | −104,500 | 942,600 | $121,388,028 | |
| ORLY | O Reilly Automotive Inc | −103,600 | 1,156,151 | $106,724,298 | |
| VZ | Verizon Communications Inc | −102,000 | 705,000 | $35,391,000 | |
| GILD | Gilead Sciences, Inc. | −95,900 | 1,303,365 | $181,649,980 | |
| ROL | Rollins Inc | −92,200 | 635,417 | $33,937,621 | |
| APH | Amphenol Corp /De/ | −88,500 | 847,200 | $107,043,720 | |
| CMCSA | Comcast Corp | −87,600 | 704,900 | $20,237,679 | |
| NTAP | NetApp, Inc. | −74,300 | 515,150 | $52,746,208 | |
| JNJ | Johnson & Johnson | −73,400 | 650,036 | $158,894,799 | |
| AAPL | Apple Inc. | −71,600 | 681,852 | $173,047,219 | |
| IDXX | Idexx Laboratories Inc /De | −69,600 | 256,480 | $144,113,547 | |
| EXPE | Expedia Group, Inc. | −65,200 | 265,700 | $61,347,473 | |
| V | Visa Inc. | −64,760 | 560,679 | $169,459,620 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MAR | Marriott International Inc /Md/ | 106,600 | $34,865,662 | |
| FTV | Fortive Corp | 388,700 | $21,487,336 | |
| ADI | Analog Devices Inc | 62,200 | $19,788,308 | |
| CAH | Cardinal Health Inc | 86,100 | $18,193,791 | |
| CBOE | Cboe Global Markets, Inc. | 37,800 | $10,624,446 | |
| DGX | Quest Diagnostics Inc | 34,500 | $6,761,310 | |
| DOCU | Docusign, Inc. | 87,200 | $4,134,152 | |
| FOXA | Fox Corp | 65,100 | $3,801,840 | |
| MTD | Mettler Toledo International Inc/ | 2,540 | $3,203,448 | |
| SOLV | Solventum Corp | 47,800 | $3,121,340 | |
| TTAN | ServiceTitan, Inc. | 4,270 | $270,974 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPGI | S&P Global Inc. | 368,900 | $192,783,451 | |
| LPLA | LPL Financial Holdings Inc. | 445,280 | $159,040,657 | |
| DHR | Danaher Corp /De/ | 689,899 | $157,931,679 | |
| MRK | Merck & Co., Inc. | 1,155,015 | $121,576,878 | |
| AZO | Autozone Inc | 24,102 | $81,741,933 | |
| CHKP | Check Point Software Technologies Ltd | 166,329 | $30,864,009 | |
| BSX | Boston Scientific Corp | 259,900 | $24,781,465 | |
| ROP | Roper Technologies Inc | 37,900 | $16,870,427 | |
| EA | Electronic Arts Inc. | 67,301 | $13,751,613 | |
| HOLX | HOLOGIC INC | 157,200 | $11,709,828 | |
| ABT | Abbott Laboratories | 74,700 | $9,359,163 | |
| RPM | Rpm International Inc/De/ | 70,200 | $7,300,800 | |
| CMI | Cummins Inc | 8,900 | $4,543,005 | |
| FG | F&G Annuities & Life, Inc. | 5,760 | $177,696 | |
| No positions match the current search. | ||||
35 positions ·
$2,601,007,045 total
· Technology only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Reduced | 1,013,270 | $375,082,155 | 14.42% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 1,407,700 | $245,502,880 | 9.44% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 754,692 | $233,584,720 | 8.98% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 982,200 | $209,856,852 | 8.07% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 981,511 | $190,550,545 | 7.33% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 681,852 | $173,047,219 | 6.65% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Reduced | 982,856 | $157,571,473 | 6.06% | |
| KLAC |
Kla Corp
Technology
|
Reduced | 87,387 | $128,669,492 | 4.95% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 942,600 | $121,388,028 | 4.67% | |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 847,200 | $107,043,720 | 4.12% | |
| NOW |
ServiceNow, Inc.
Technology
|
Reduced | 892,280 | $93,287,874 | 3.59% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 1,138,076 | $88,303,316 | 3.39% | |
| NTAP |
NetApp, Inc.
Technology
|
Reduced | 515,150 | $52,746,208 | 2.03% | |
| CDNS |
Cadence Design Systems Inc
Technology
|
Reduced | 140,720 | $39,101,866 | 1.50% | |
| MSI |
Motorola Solutions, Inc.
Technology
|
Reduced | 85,560 | $37,130,473 | 1.43% | |
| CRM |
Salesforce, Inc.
Technology
|
Reduced | 191,000 | $35,653,970 | 1.37% | |
| ADSK |
Autodesk, Inc.
Technology
|
Reduced | 138,192 | $33,083,164 | 1.27% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 121,580 | $29,469,776 | 1.13% | |
| HPQ |
Hp Inc
Technology
|
Reduced | 1,432,115 | $27,510,929 | 1.06% | |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Reduced | 434,580 | $26,661,483 | 1.03% | |
| INTU |
Intuit Inc.
Technology
|
Added | 51,240 | $22,155,151 | 0.85% | |
| GDDY |
GoDaddy Inc.
Technology
|
Added | 263,700 | $21,800,079 | 0.84% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 88,400 | $21,488,272 | 0.83% | |
| FTV |
Fortive Corp
Technology
|
NEW | 388,700 | $21,487,336 | 0.83% | |
| ADI |
Analog Devices Inc
Technology
|
NEW | 62,200 | $19,788,308 | 0.76% | |
| ACN |
Accenture plc
Technology
|
Held | 90,225 | $17,890,715 | 0.69% | |
| TRMB |
Trimble Inc.
Technology
|
Held | 261,800 | $17,077,214 | 0.66% | |
| IT |
Gartner Inc
Technology
|
Held | 91,378 | $14,468,792 | 0.56% | |
| GEN |
Gen Digital Inc.
Technology
|
Held | 665,100 | $12,523,833 | 0.48% | |
| VRSN |
Verisign Inc/Ca
Technology
|
Held | 40,200 | $9,984,072 | 0.38% | |
| FFIV |
F5, Inc.
Technology
|
Held | 26,330 | $7,618,058 | 0.29% | |
| DOCU |
Docusign, Inc.
Technology
|
NEW | 87,200 | $4,134,152 | 0.16% | |
| BR |
Broadridge Financial Solutions, Inc.
Technology
|
Held | 17,700 | $2,875,896 | 0.11% | |
| PTC |
Ptc Inc.
Technology
|
Held | 15,426 | $2,198,050 | 0.08% | |
| TTAN |
ServiceTitan, Inc.
Technology
|
NEW | 4,270 | $270,974 | 0.01% |