Board of the Pension Protection Fund
PensionFiling Date
Global Rank
#5,630
/ 8,588
▲ 283
Top Industry
Software - Application
9.7%
3Y Alpha vs SPY
+1.7%
Period ended 3 months ago
Filed Apr 27, 2026 · 51d
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+28.1%
SPY
+25.8%
Annualised alpha
+1.6%
Max drawdown
−14.2%
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
152 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
2.3%
+0.4 pts
Top 5
9.8%
+0.5 pts
Top 10
18.4%
+0.2 pts
HHI
128
Diversified−18
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 41.8% | $43,329,748 |
| Financial Services | 22.9% | $23,739,542 |
| Utilities | 12.4% | $12,869,333 |
| Industrials | 10.6% | $11,004,592 |
| Communication Services | 7.2% | $7,441,032 |
| Healthcare | 2.9% | $2,962,122 |
| Consumer Cyclical | 1.9% | $2,008,746 |
| Unclassified | 0.1% | $94,860 |
| Consumer Defensive | 0.1% | $81,428 |
| Energy | 0.0% | $24,708 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PYPL | PayPal Holdings, Inc. | +38,000 | 39,100 | $1,768,493 | |
| EXC | Exelon Corp | +33,600 | 36,100 | $1,769,622 | |
| NI | Nisource Inc. | +32,300 | 34,200 | $1,595,772 | |
| TRMB | Trimble Inc. | +25,800 | 26,300 | $1,715,549 | |
| SMCI | Super Micro Computer, Inc. | +23,800 | 56,100 | $1,277,397 | |
| SSNC | SS&C Technologies Holdings Inc | +22,100 | 22,900 | $1,547,353 | |
| OKTA | Okta, Inc. | +19,900 | 20,500 | $1,613,555 | |
| PINS | Pinterest, Inc. | +17,200 | 67,800 | $1,243,452 | |
| NTAP | NetApp, Inc. | +16,800 | 17,500 | $1,791,825 | |
| GEN | Gen Digital Inc. | +14,700 | 73,800 | $1,389,654 | |
| DOCU | Docusign, Inc. | +11,200 | 35,200 | $1,668,832 | |
| HPE | Hewlett Packard Enterprise Co | +11,100 | 82,700 | $1,969,087 | |
| INCY | Incyte Corp | +10,300 | 10,800 | $1,016,496 | |
| PTC | Ptc Inc. | +10,200 | 10,400 | $1,481,896 | |
| ATO | Atmos Energy Corp | +8,900 | 9,300 | $1,717,896 | |
| RJF | Raymond James Financial Inc | +8,900 | 9,300 | $1,346,547 | |
| NRG | Nrg Energy, Inc. | +7,900 | 8,500 | $1,242,190 | |
| AWK | American Water Works Company, Inc. | +7,700 | 8,400 | $1,143,156 | |
| HPQ | Hp Inc | +7,500 | 66,600 | $1,279,386 | |
| BNY | Bank of New York Mellon Corp | +7,100 | 7,500 | $889,725 | |
| GPN | Global Payments Inc | +6,000 | 24,500 | $1,648,850 | |
| BR | Broadridge Financial Solutions, Inc. | +5,900 | 6,000 | $974,880 | |
| GDDY | GoDaddy Inc. | +5,500 | 17,300 | $1,430,191 | |
| TEL | TE Connectivity plc | +5,200 | 5,300 | $1,107,806 | |
| FSLR | First Solar, Inc. | +4,500 | 5,500 | $1,084,930 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CNH | CNH Industrial N.V. | −130,800 | 20,900 | $229,900 | |
| CMCSA | Comcast Corp | −48,400 | 7,500 | $215,325 | |
| BF-A | Brown Forman Corp | −45,900 | 2,200 | $58,938 | |
| CNC | Centene Corp | −36,100 | 8,900 | $291,386 | |
| NWSA | News Corp | −25,100 | 33,600 | $837,648 | |
| CNA | Cna Financial Corp | −19,300 | 12,100 | $555,632 | |
| APTV | Aptiv PLC | −16,000 | 2,500 | $173,600 | |
| MET | Metlife Inc | −15,500 | 4,700 | $332,384 | |
| PCG | PG&E Corp | −11,000 | 102,800 | $1,806,196 | |
| BLDR | Builders FirstSource, Inc. | −10,000 | 1,400 | $115,262 | |
| PFG | Principal Financial Group Inc | −8,500 | 10,200 | $919,122 | |
| AIG | American International Group, Inc. | −6,800 | 13,400 | $1,008,350 | |
| HBAN | Huntington Bancshares Inc /Md/ | −6,700 | 87,200 | $1,364,680 | |
| RF | Regions Financial Corp | −4,700 | 55,400 | $1,447,048 | |
| BEN | Franklin Resources Inc | −3,400 | 63,400 | $1,497,508 | |
| KHC | Kraft Heinz Co | −3,300 | 1,000 | $22,490 | |
| EIX | Edison International | −1,800 | 26,500 | $1,939,270 | |
| TXT | Textron Inc | −1,300 | 16,300 | $1,427,228 | |
| FOXA | Fox Corp | −1,200 | 23,300 | $1,360,720 | |
| RPRX | Royalty Pharma plc | −1,100 | 6,800 | $326,196 | |
| FNF | Fidelity National Financial, Inc. | −800 | 27,200 | $1,261,536 | |
| L | Loews Corp | −800 | 15,100 | $1,611,774 | |
| HIG | Hartford Insurance Group, Inc. | −500 | 10,900 | $1,474,007 | |
| CINF | Cincinnati Financial Corp | −500 | 9,400 | $1,479,090 | |
| MOH | Molina Healthcare, Inc. | −300 | 1,400 | $186,620 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
15 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MRVL | Marvell Technology, Inc. | 17,300 | $1,713,565 | |
| LVS | Las Vegas Sands Corp | 29,500 | $1,589,460 | |
| CLS | Celestica Inc | 5,100 | $1,436,568 | |
| OTEX | Open Text Corp | 63,600 | $1,414,464 | |
| GIB | Cgi Inc | 19,200 | $1,403,520 | |
| DSGX | Descartes Systems Group Inc | 17,000 | $1,216,520 | |
| HOOD | Robinhood Markets, Inc. | 14,500 | $1,004,850 | |
| FIS | Fidelity National Information Services, Inc. | 10,700 | $501,937 | |
| CAT | Caterpillar Inc | 560 | $396,737 | |
| AVGO | Broadcom Inc. | 1,000 | $309,510 | |
| MPWR | Monolithic Power Systems Inc | 280 | $306,138 | |
| AXP | American Express Co | 800 | $241,984 | |
| AAPL | Apple Inc. | 800 | $203,032 | |
| NDAQ | Nasdaq, Inc. | 1,800 | $152,802 | |
| VSNT | Versant Media Group, Inc. | 2,200 | $81,444 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GM | General Motors Co | 22,300 | $1,813,436 | |
| EXPE | Expedia Group, Inc. | 6,200 | $1,756,522 | |
| EG | Everest Group, Ltd. | 5,120 | $1,737,472 | |
| WRB | Berkley W R Corp | 24,300 | $1,703,916 | |
| TRV | Travelers Companies, Inc. | 5,760 | $1,670,745 | |
| ACGL | Arch Capital Group Ltd. | 17,400 | $1,669,008 | |
| F | Ford Motor Co | 126,000 | $1,653,120 | |
| HAL | Halliburton Co | 57,700 | $1,630,602 | |
| AVY | Avery Dennison Corp | 8,600 | $1,564,168 | |
| CTRA | Coterra Energy Inc. | 59,200 | $1,558,144 | |
| VZ | Verizon Communications Inc | 37,400 | $1,523,302 | |
| SW | Smurfit Westrock plc | 36,900 | $1,426,923 | |
| CHTR | Charter Communications, Inc. /Mo/ | 6,140 | $1,281,725 | |
| DOW | Dow Inc. | 54,100 | $1,264,858 | |
| LYB | LyondellBasell Industries N.V. | 12,400 | $536,920 | |
| BAX | Baxter International Inc | 13,300 | $254,163 | |
| KR | Kroger Co | 1,800 | $112,464 | |
| HRL | Hormel Foods Corp /De/ | 3,900 | $92,430 | |
| PFE | Pfizer Inc | 2,900 | $72,210 | |
| FFIV | F5, Inc. | 240 | $61,262 | |
| ELV | Elevance Health, Inc. | 160 | $56,088 | |
| SLB | Slb Limited/Nv | 1,400 | $53,732 | |
| BIIB | Biogen Inc. | 300 | $52,797 | |
| MRK | Merck & Co., Inc. | 500 | $52,630 | |
| FG | F&G Annuities & Life, Inc. | 1,680 | $51,828 | |
| No positions match the current search. | ||||
48 positions ·
$43,329,748 total
· Technology only
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DELL |
Dell Technologies Inc.
Technology
|
Added | 14,500 | $2,379,885 | 5.49% | |
| TWLO |
Twilio Inc
Technology
|
Added | 15,800 | $1,987,956 | 4.59% | |
| HPE |
Hewlett Packard Enterprise Co
Technology
|
Added | 82,700 | $1,969,087 | 4.54% | |
| ZM |
Zoom Communications, Inc.
Technology
|
Added | 22,800 | $1,832,892 | 4.23% | |
| NTAP |
NetApp, Inc.
Technology
|
Added | 17,500 | $1,791,825 | 4.14% | |
| FLEX |
Flex Ltd.
Technology
|
Held | 26,900 | $1,760,874 | 4.06% | |
| TRMB |
Trimble Inc.
Technology
|
Added | 26,300 | $1,715,549 | 3.96% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
NEW | 17,300 | $1,713,565 | 3.95% | |
| DOCU |
Docusign, Inc.
Technology
|
Added | 35,200 | $1,668,832 | 3.85% | |
| OKTA |
Okta, Inc.
Technology
|
Added | 20,500 | $1,613,555 | 3.72% | |
| SSNC |
SS&C Technologies Holdings Inc
Technology
|
Added | 22,900 | $1,547,353 | 3.57% | |
| PTC |
Ptc Inc.
Technology
|
Added | 10,400 | $1,481,896 | 3.42% | |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Added | 23,500 | $1,441,725 | 3.33% | |
| CDW |
CDW Corp
Technology
|
Added | 11,900 | $1,440,138 | 3.32% | |
| CLS |
Celestica Inc
Technology
|
NEW | 5,100 | $1,436,568 | 3.32% | |
| GDDY |
GoDaddy Inc.
Technology
|
Added | 17,300 | $1,430,191 | 3.30% | |
| OTEX |
Open Text Corp
Technology
|
NEW | 63,600 | $1,414,464 | 3.26% | |
| GIB |
Cgi Inc
Technology
|
NEW | 19,200 | $1,403,520 | 3.24% | |
| GEN |
Gen Digital Inc.
Technology
|
Added | 73,800 | $1,389,654 | 3.21% | |
| HPQ |
Hp Inc
Technology
|
Added | 66,600 | $1,279,386 | 2.95% | |
| SMCI |
Super Micro Computer, Inc.
Technology
|
Added | 56,100 | $1,277,397 | 2.95% | |
| DSGX |
Descartes Systems Group Inc
Technology
|
NEW | 17,000 | $1,216,520 | 2.81% | |
| TEL |
TE Connectivity plc
Technology
|
Added | 5,300 | $1,107,806 | 2.56% | |
| FSLR |
First Solar, Inc.
Technology
|
Added | 5,500 | $1,084,930 | 2.50% | |
| BR |
Broadridge Financial Solutions, Inc.
Technology
|
Added | 6,000 | $974,880 | 2.25% | |
| VRSN |
Verisign Inc/Ca
Technology
|
Added | 3,280 | $814,620 | 1.88% | |
| FIS |
Fidelity National Information Services, Inc.
Technology
|
NEW | 10,700 | $501,937 | 1.16% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 2,500 | $466,675 | 1.08% | |
| LDOS |
Leidos Holdings, Inc.
Technology
|
Added | 2,700 | $419,904 | 0.97% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Added | 2,900 | $373,462 | 0.86% | |
| AVGO |
Broadcom Inc.
Technology
|
NEW | 1,000 | $309,510 | 0.71% | |
| MPWR |
Monolithic Power Systems Inc
Technology
|
NEW | 280 | $306,138 | 0.71% | |
| FTV |
Fortive Corp
Technology
|
Added | 5,200 | $287,456 | 0.66% | |
| AAPL |
Apple Inc.
Technology
|
NEW | 800 | $203,032 | 0.47% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 2,500 | $193,975 | 0.45% | |
| UBER |
Uber Technologies, Inc
Technology
|
Added | 2,500 | $179,825 | 0.42% | |
| APH |
Amphenol Corp /De/
Technology
|
Added | 1,400 | $176,890 | 0.41% | |
| IT |
Gartner Inc
Technology
|
Added | 920 | $145,672 | 0.34% | |
| P |
Everpure, Inc.
Technology
|
Added | 2,200 | $129,888 | 0.30% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 440 | $106,955 | 0.25% | |
| PAYX |
Paychex Inc
Technology
|
Added | 900 | $82,908 | 0.19% | |
| Q |
Qnity Electronics, Inc.
Technology
|
Reduced | 700 | $80,766 | 0.19% | |
| ON |
On Semiconductor Corp
Technology
|
Reduced | 700 | $43,344 | 0.10% | |
| XYZ |
Block, Inc.
Technology
|
Reduced | 700 | $42,126 | 0.10% | |
| CPAY |
Corpay, Inc.
Technology
|
Reduced | 120 | $34,918 | 0.08% | |
| ZBRA |
Zebra Technologies Corp
Technology
|
Reduced | 120 | $25,089 | 0.06% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Held | 120 | $24,381 | 0.06% | |
| ACN |
Accenture plc
Technology
|
Held | 100 | $19,829 | 0.05% |