PBU - The Pension Fund of Early Childhood & Youth Educators

Pension

CIK

2103310

Location

COPENHAGEN, G7

Portfolio Value

Mid $4,177,588,782

Diversification

Diversified

Filing Date

Global Rank

#205 / 4,286 ▲ 311

Top Industry

Semiconductors 16.8%

3Y Alpha vs SPY

+3.2%

Period ended 38 days ago

Filed Jul 16, 2026 · 22d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+14.8%

SPY

+13.5%

Annualised alpha

+3.0%

Max drawdown

−9.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 2 quarters. Past performance does not predict future results.

Portfolio Concentration

123 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.2%

+2.7 pts

Top 5

28.0%

+3.7 pts

Top 10

38.1%

+4.3 pts

HHI

248

Diversified+66

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	42.0%	$1,756,100,585	25
Financial Services	13.0%	$543,571,255	18
Industrials	9.9%	$415,058,617	15
Consumer Cyclical	8.4%	$350,888,036	15
Healthcare	8.3%	$348,474,642	19
Communication Services	7.5%	$312,136,302	7
Utilities	3.5%	$145,444,378	8
Basic Materials	3.3%	$135,940,268	5
Consumer Defensive	3.2%	$135,082,702	9
Real Estate	0.8%	$34,891,997	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	+281,802	1,028,078	$383,493,654
SCHW	Schwab Charles Corp	+205,710	411,152	$37,936,994
EW	Edwards Lifesciences Corp	+181,089	229,478	$20,758,579
CVNA	Carvana Co.	+119,885	160,588	$10,569,902
D	Dominion Energy, Inc	+102,926	345,110	$23,567,561
FERG	Ferguson Enterprises Inc. /DE/	+74,413	148,728	$35,297,616
ED	Consolidated Edison Inc	+67,810	204,295	$22,601,155
GE	General Electric Co	+60,593	220,302	$82,333,466
GIS	General Mills Inc	+43,138	326,181	$11,351,098
V	Visa Inc.	+40,398	240,816	$82,621,560
WEC	Wec Energy Group, Inc.	+26,109	193,082	$22,546,185
ADSK	Autodesk, Inc.	+17,398	60,157	$11,695,723
XEL	Xcel Energy Inc	+8,891	207,134	$16,632,860
AJG	Arthur J. Gallagher & Co.	+6,139	53,857	$12,363,951
TMUS	T-Mobile US, Inc.	+5,613	60,582	$10,161,418
REGN	Regeneron Pharmaceuticals, Inc.	+2,649	17,682	$11,025,434
F	Ford Motor Co	+1,272	1,949,102	$27,092,517
MMM	3M Co	+822	141,109	$22,846,958
PFE	Pfizer Inc	+513	785,368	$18,911,661
GM	General Motors Co	+215	329,764	$25,418,209
UBER	Uber Technologies, Inc	+183	281,476	$20,311,308
SBUX	Starbucks Corp	+163	249,314	$25,477,397
PCAR	Paccar Inc	+130	199,415	$23,953,729
MS	Morgan Stanley	+124	190,021	$39,721,989
NEE	Nextera Energy Inc	+100	152,759	$13,407,657
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−1,100,363	1,365,862	$273,295,327
GOOGL	Alphabet Inc.	−833,121	385,171	$137,648,560
KO	Coca Cola Co	−653,503	183,144	$14,884,112
NEM	NEWMONT Corp /DE/	−585,802	161,013	$15,038,614
AAPL	Apple Inc.	−570,445	888,448	$257,081,313
EBAY	Ebay Inc	−565,651	207,588	$23,197,959
MRK	Merck & Co., Inc.	−557,040	187,589	$24,105,186
LRCX	Lam Research Corp	−453,434	132,667	$57,488,591
ANET	Arista Networks, Inc.	−393,900	148,632	$25,249,604
JPM	Jpmorgan Chase & Co	−318,133	156,450	$51,210,778
T	At&T Inc.	−315,028	636,914	$13,184,119
ABBV	AbbVie Inc.	−304,535	82,209	$20,687,072
TJX	Tjx Companies Inc /De/	−304,177	154,809	$23,453,563
BAC	Bank Of America Corp /De/	−271,526	481,802	$27,453,077
AMAT	Applied Materials Inc /De	−259,133	79,032	$57,140,136
WFC	Wells Fargo & Company/Mn	−246,483	212,497	$17,560,752
BMY	Bristol Myers Squibb Co	−214,939	219,692	$12,658,653
PGR	Progressive Corp/Oh/	−189,399	65,150	$14,232,017
CL	Colgate Palmolive Co	−181,746	125,591	$11,514,182
AVGO	Broadcom Inc.	−169,312	307,830	$116,282,782
META	Meta Platforms, Inc.	−159,592	155,990	$87,867,607
EXC	Exelon Corp	−142,567	433,163	$20,194,059
EIX	Edison International	−137,852	212,014	$15,784,442
IBM	International Business Machines Corp	−130,444	91,100	$25,618,231
QCOM	Qualcomm Inc/De	−128,743	122,458	$22,629,013
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SNDK	Sandisk Corp	14,122	$32,109,615
AZO	Autozone Inc	4,867	$15,554,639
EFX	Equifax Inc	78,291	$12,426,347
FDXF	FedEx Freight Holding Company, Inc.	60,467	$9,130,517
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
KLAC	Kla Corp	55,496	$81,712,865
EME	EMCOR Group, Inc.	75,081	$55,433,053
VZ	Verizon Communications Inc	826,105	$41,470,471
NTES	NetEase, Inc.	321,279	$35,963,971
TT	Trane Technologies plc	84,365	$35,158,270
TD	Toronto Dominion Bank	355,871	$33,206,323
ACN	Accenture plc	164,539	$32,626,438
ETN	Eaton Corp plc	90,188	$32,257,541
TSCO	Tractor Supply Co /De/	710,832	$32,200,689
HIG	Hartford Insurance Group, Inc.	226,993	$30,696,263
STLD	Steel Dynamics Inc	164,038	$29,526,840
MFC	Manulife Financial Corp	833,547	$28,707,358
HCA	HCA Healthcare, Inc.	58,394	$27,634,376
CM	Canadian Imperial Bank Of Commerce /Can/	282,370	$26,754,557
JCI	Johnson Controls International plc	199,076	$26,069,002
RY	Royal Bank Of Canada	158,735	$25,680,148
CNI	Canadian National Railway Co	241,265	$24,794,804
BN	BROOKFIELD Corp /ON/	603,573	$24,426,599
AMP	Ameriprise Financial Inc	51,372	$22,829,716
AEM	Agnico Eagle Mines Ltd	108,221	$21,966,698
ADBE	Adobe Inc.	89,697	$21,803,546
BMO	Bank Of Montreal /Can/	152,951	$20,700,388
ISRG	Intuitive Surgical Inc	42,171	$19,440,409
UBS	UBS Group AG	490,514	$19,164,381
CB	Chubb Ltd	57,380	$18,701,863
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

123 tracked positions · $4,177,588,782 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 123 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	1,028,078	+281,802	$383,493,654	+38.8%	9.18%
NVDA	Nvidia Corp Technology	Reduced	1,365,862	-1,100,363	$273,295,327	−36.5%	6.54%
AAPL	Apple Inc. Technology	Reduced	888,448	-570,445	$257,081,313	−30.6%	6.15%
GOOGL	Alphabet Inc. Communication Services	Reduced	385,171	-833,121	$137,648,560	−60.7%	3.29%
AVGO	Broadcom Inc. Technology	Reduced	307,830	-169,312	$116,282,782	−21.3%	2.78%
MU	Micron Technology Inc Technology	Reduced	84,727	-52,470	$97,799,528	+111.0%	2.34%
META	Meta Platforms, Inc. Communication Services	Reduced	155,990	-159,592	$87,867,607	−51.3%	2.10%
V	Visa Inc. Financial Services	Added	240,816	+40,398	$82,621,560	+36.4%	1.98%
GE	General Electric Co Industrials	Added	220,302	+60,593	$82,333,466	+81.7%	1.97%
AMD	Advanced Micro Devices Inc Technology	Added	126,915	+82	$73,726,192	+185.7%	1.76%
MA	Mastercard Inc Financial Services	Reduced	121,692	-34,327	$62,501,010	−19.8%	1.50%
LLY	ELI LILLY & Co Healthcare	Reduced	49,886	-26,806	$59,834,769	−15.2%	1.43%
LRCX	Lam Research Corp Technology	Reduced	132,667	-453,434	$57,488,591	−54.1%	1.38%
AMAT	Applied Materials Inc /De Technology	Reduced	79,032	-259,133	$57,140,136	−50.6%	1.37%
INTC	Intel Corp Technology	Reduced	395,203	-84,110	$55,182,194	+160.9%	1.32%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	156,450	-318,133	$51,210,778	−63.3%	1.23%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	131,300	-35,445	$46,306,884	−15.6%	1.11%
CSCO	Cisco Systems, Inc. Technology	Reduced	358,197	-114,094	$42,073,819	+14.8%	1.01%
JNJ	Johnson & Johnson Healthcare	Reduced	159,777	-84,273	$40,578,564	−32.0%	0.97%
MS	Morgan Stanley Financial Services	Added	190,021	+124	$39,721,989	+27.1%	0.95%
GEV	GE Vernova Inc. Industrials	Added	32,543	+21	$38,233,468	+34.7%	0.92%
SCHW	Schwab Charles Corp Financial Services	Added	411,152	+205,710	$37,936,994	+96.5%	0.91%
GLW	Corning Inc /Ny Technology	Added	144,400	+94	$36,884,092	+88.0%	0.88%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	148,728	+74,413	$35,297,616	+103.6%	0.84%
C	Citigroup Inc Financial Services	Reduced	250,506	-94,973	$35,060,819	−10.5%	0.84%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	37,454	-66,407	$35,037,093	−66.1%	0.84%
UNH	Unitedhealth Group Inc Healthcare	Added	82,466	+54	$34,275,343	+53.7%	0.82%
CMI	Cummins Inc Industrials	Reduced	47,465	-20,739	$33,852,512	−7.7%	0.81%
TXN	Texas Instruments Inc Technology	Added	111,591	+73	$33,261,929	+53.6%	0.80%
SNDK	Sandisk Corp Technology	NEW	14,122	NEW	$32,109,615	NEW	0.77%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Added	96,884	+64	$32,016,286	+8.7%	0.77%
ECL	Ecolab Inc. Basic Materials	Reduced	113,549	-40,114	$31,635,886	−22.6%	0.76%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	102,859	-3,950	$30,156,201	−2.8%	0.72%
ADI	Analog Devices Inc Technology	Added	75,077	+48	$29,818,332	+24.9%	0.71%
CTVA	Corteva, Inc. Basic Materials	Reduced	349,969	-12,369	$29,638,874	−2.3%	0.71%
SHW	Sherwin Williams Co Basic Materials	Added	85,591	+56	$29,470,693	+7.5%	0.71%
PH	Parker-Hannifin Corp Industrials	Reduced	30,098	-13,490	$29,439,455	−24.6%	0.70%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	481,802	-271,526	$27,453,077	−25.2%	0.66%
COF	Capital One Financial Corp Financial Services	Reduced	135,276	-3,781	$27,139,071	+7.0%	0.65%
F	Ford Motor Co Consumer Cyclical	Added	1,949,102	+1,272	$27,092,517	+20.5%	0.65%
DE	Deere & Co Industrials	Added	41,198	+26	$26,133,127	+12.7%	0.63%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	15,216	-4,038	$25,827,486	−22.4%	0.62%
IBM	International Business Machines Corp Technology	Reduced	91,100	-130,444	$25,618,231	−52.3%	0.61%
EQIX	Equinix Inc Real Estate	Reduced	24,503	-3,868	$25,541,682	−8.2%	0.61%
SBUX	Starbucks Corp Consumer Cyclical	Added	249,314	+163	$25,477,397	+14.1%	0.61%
NFLX	Netflix Inc Communication Services	Reduced	356,739	-126,296	$25,471,164	−45.2%	0.61%
GM	General Motors Co Consumer Cyclical	Added	329,764	+215	$25,418,209	+3.5%	0.61%
AXP	American Express Co Financial Services	Reduced	74,950	-53,051	$25,351,837	−34.5%	0.61%
LOW	Lowes Companies Inc Consumer Cyclical	Added	114,882	+75	$25,330,332	−6.6%	0.61%
BLK	BlackRock, Inc. Financial Services	Added	26,321	+17	$25,309,220	+0.0%	0.61%

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.