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PBU - The Pension Fund of Early Childhood & Youth Educators

Pension
Location
COPENHAGEN, G7
Portfolio Value
Mid $6,548,882,604
Diversification
Diversified
Filing Date
Global Rank
#421 / 8,232 ▲ 25
Top Industry
Semiconductors 11.5%
3Y Alpha vs SPY
-6.1%
Period ended 2 months ago
Filed Apr 10, 2026 · 2mo
2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

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

Cloned portfolio
+7.4%
SPY
+9.1%
Annualised alpha
-6.1%
Max drawdown
−9.4%

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

188 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025
Top Position
6.6%
−0.7 pts
Top 5
23.1%
−4.9 pts
Top 10
32.8%
−5.9 pts
HHI
173
Dec 2025 → Mar 2026 · range 173 – 223
Diversified−50

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026
Sector % Portfolio Value
Technology 33.4% $2,190,153,985
Financial Services 15.5% $1,012,698,899
Communication Services 10.6% $690,940,890
Healthcare 9.7% $634,482,642
Industrials 9.5% $621,712,704
Consumer Cyclical 8.5% $553,871,799
Consumer Defensive 5.2% $341,372,054
Basic Materials 4.5% $295,750,977
Utilities 2.3% $152,285,709
Real Estate 0.7% $44,465,221
Unclassified 0.2% $11,147,724

Last Quarter's Activity

Export CSV
Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased
25 positions
Ticker Δ Shares Shares Value Open

Trimmed

Positions the filer reduced
25 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
12 positions
Ticker Shares Value Open

Sold Out

Positions the filer fully exited
25 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
188 positions · $6,548,882,604 total · as of Mar 31, 2026
Showing 1–50 of 188 positions by value · page 1 of 4
Ticker Company Shares Value (USD) % of Portfolio History