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

#49 / 1,340 ▲ 509

Top Industry

Semiconductors 16.8%

3Y Alpha vs SPY

-1.4%

Period ended 19 days ago

Filed Jul 16, 2026 · 3d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

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

Cloned portfolio

+9.7%

SPY

+9.3%

Annualised alpha

+1.0%

Max drawdown

−9.5%

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

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

Top Position

9.2%

+2.5 pts

Top 5

28.0%

+4.5 pts

Top 10

38.1%

+4.8 pts

HHI

248

Diversified+71

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
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
GOOGL	Alphabet Inc.	−510,472	385,171	$137,648,560
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
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
SLF	Sun Life Financial Inc	286,362	$17,914,806
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

123 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	-510,472	$137,648,560	−46.6%	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%