PBU - The Pension Fund of Early Childhood & Youth Educators

CIK

2103310

Location

COPENHAGEN, G7

Portfolio Value

Mid $4,248,732,468

Diversification

Diversified

Filing Date

Global Rank

#962 / 8,830 ▼ 311 · as of Jun 2026

Top Industry

Semiconductors 18.3%

Period ended 43 days ago

Filed Nov 6, 2026 · 6d

4 quarters · since Dec 2025

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 41.0%, 36.0 effective positions, active share 40.2% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 40.2%; sector active share 19.5% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

120 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

8.0%

−0.7 pts

Top 5

30.9%

−0.5 pts

Top 10

40.6%

−0.5 pts

HHI

267

Diversified−11

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	43.1%	$1,831,073,005	25
Communication Services	11.0%	$469,224,219	8
Financial Services	10.9%	$462,924,370	18
Healthcare	8.6%	$365,463,270	18
Industrials	7.9%	$335,413,801	13
Consumer Cyclical	7.6%	$323,289,371	14
Basic Materials	3.6%	$150,939,955	5
Consumer Defensive	3.5%	$147,042,710	9
Utilities	2.9%	$125,201,280	8
Real Estate	0.9%	$38,160,487	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	+299,039	2,248,141	$27,112,580
CRWD	CrowdStrike Holdings, Inc.	+126,236	164,169	$43,463,742
NVDA	Nvidia Corp	+124,353	1,490,215	$340,335,301
NEM	NEWMONT Corp	+100,671	261,684	$30,182,632
GM	General Motors Co	+92,761	422,525	$32,534,425
AAPL	Apple Inc.	+74,056	962,504	$320,533,082
NOW	ServiceNow, Inc.	+63,636	290,735	$38,961,397
PFE	Pfizer Inc	+58,667	844,035	$24,071,878
GOOGL	Alphabet Inc.	+52,364	437,535	$150,547,042
BSX	Boston Scientific Corp	+41,713	263,677	$11,509,501
INTC	Intel Corp	+41,522	436,725	$52,507,446
T	At&T Inc.	+39,728	676,642	$16,510,064
KVUE	Kenvue Inc.	+37,346	653,279	$11,536,907
MS	Morgan Stanley	+34,637	224,658	$42,253,676
ORCL	Oracle Corp	+33,189	196,436	$26,970,662
D	Dominion Energy, Inc	+30,721	375,831	$22,745,292
CSCO	Cisco Systems, Inc.	+29,423	387,620	$41,719,540
CVNA	Carvana Co.	+29,157	189,745	$11,866,652
NFLX	Netflix Inc	+25,282	382,021	$26,581,021
DIS	Walt Disney Co	+23,842	274,000	$28,742,600
EIX	Edison International	+23,348	235,362	$12,646,000
CTVA	Corteva, Inc.	+22,511	372,480	$28,923,072
BAC	Bank Of America Corp	+20,852	502,654	$27,359,457
UBER	Uber Technologies, Inc	+20,195	301,671	$20,667,480
IBM	International Business Machines Corp	+19,181	110,281	$24,254,100
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	−482,718	545,360	$279,715,144
GOOG	Alphabet Inc.	−314,119	314,119	$107,032,908
SCHW	Schwab Charles Corp	−183,914	227,238	$22,210,242
EXC	Exelon Corp	−124,470	308,693	$12,471,197
V	Visa Inc.	−116,212	124,604	$44,773,955
GE	General Electric Co	−101,446	118,856	$37,117,540
FERG	Ferguson Enterprises Inc.	−69,398	79,330	$17,660,444
MA	Mastercard Inc	−65,879	55,813	$30,779,195
ED	Consolidated Edison Inc	−27,329	176,966	$18,087,694
MRK	Merck & Co., Inc.	−23,750	163,839	$23,807,445
JNJ	Johnson & Johnson	−16,320	143,457	$37,978,806
C	Citigroup Inc	−11,107	239,399	$30,997,382
MELI	Mercadolibre Inc	−7,046	8,170	$14,122,090
COF	Capital One Financial Corp	−2,667	132,609	$25,602,819
PNC	Pnc Financial Services Group, Inc.	−2,359	96,611	$21,472,760
REGN	Regeneron Pharmaceuticals, Inc.	−2,098	15,584	$11,816,879
ANET	Arista Networks, Inc.	−1,984	146,648	$29,856,066
TMO	Thermo Fisher Scientific Inc.	−556	27,130	$18,314,106
AMGN	Amgen Inc	−478	30,789	$12,977,871
WEC	Wec Energy Group, Inc.	−249	192,833	$19,433,709
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
ISRG	Intuitive Surgical Inc	33,529	$13,633,897
MBGL	Mobility Global Inc.	731,279	$12,541,434
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
EW	Edwards Lifesciences Corp	229,478	$20,758,579
AZO	Autozone Inc	4,867	$15,554,639
EFX	Equifax Inc	78,291	$12,426,347
ADSK	Autodesk, Inc.	60,157	$11,695,723
FDXF	FedEx Freight Holding Company, Inc.	60,467	$9,130,517
ZTS	Zoetis Inc.	26,924	$1,934,758
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

120 tracked positions · $4,248,732,468 total · filing declares 120 positions · $4,248,732,519 · as of Sep 30, 2026

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

Showing 1–50 of 120 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	1,490,215	+124,353	$340,335,301	+24.5%	8.01%
AAPL	Apple Inc. Technology	Added	962,504	+74,056	$320,533,082	+24.7%	7.54%
MSFT	Microsoft Corp Technology	Reduced	545,360	-482,718	$279,715,144	−27.1%	6.58%
GOOGL	Alphabet Inc. Communication Services	Added	437,535	+52,364	$150,547,042	+9.4%	3.54%
META	Meta Platforms, Inc. Communication Services	Added	161,022	+5,032	$116,769,933	+32.9%	2.75%
AVGO	Broadcom Inc. Technology	Added	318,134	+10,304	$111,725,479	−3.9%	2.63%
GOOG	Alphabet Inc. Communication Services	Reduced	314,119	-314,119	$107,032,908	−51.8%	2.52%
MU	Micron Technology Inc Technology	Added	92,132	+7,405	$98,130,714	+0.3%	2.31%
AMD	Advanced Micro Devices Inc Technology	Added	137,344	+10,429	$84,021,565	+14.0%	1.98%
LLY	ELI LILLY & Co Healthcare	Added	52,767	+2,881	$61,055,640	+2.0%	1.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	161,392	+4,942	$53,393,315	+4.3%	1.26%
INTC	Intel Corp Technology	Added	436,725	+41,522	$52,507,446	−4.8%	1.24%
AMAT	Applied Materials Inc Technology	Added	93,113	+14,081	$47,616,125	−16.7%	1.12%
LRCX	Lam Research Corp Technology	Added	137,315	+4,648	$45,109,350	−21.5%	1.06%
V	Visa Inc. Financial Services	Reduced	124,604	-116,212	$44,773,955	−45.8%	1.05%
COST	Costco Wholesale Corp Consumer Defensive	Added	48,130	+10,676	$43,814,664	+25.1%	1.03%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	164,169	+126,236	$43,463,742	+50.1%	1.02%
MS	Morgan Stanley Financial Services	Added	224,658	+34,637	$42,253,676	+6.4%	0.99%
CSCO	Cisco Systems, Inc. Technology	Added	387,620	+29,423	$41,719,540	−0.8%	0.98%
NOW	ServiceNow, Inc. Technology	Added	290,735	+63,636	$38,961,397	+72.8%	0.92%
JNJ	Johnson & Johnson Healthcare	Reduced	143,457	-16,320	$37,978,806	−6.4%	0.89%
HD	Home Depot, Inc. Consumer Cyclical	Added	132,196	+896	$37,608,440	−18.8%	0.89%
GE	General Electric Co Industrials	Reduced	118,856	-101,446	$37,117,540	−54.9%	0.87%
GEV	GE Vernova Inc. Industrials	Added	37,685	+5,142	$35,819,215	−6.3%	0.84%
CRM	Salesforce, Inc. Technology	Added	151,960	+13,110	$34,885,457	+60.4%	0.82%
TXN	Texas Instruments Inc Technology	Added	119,779	+8,188	$33,548,900	+0.9%	0.79%
HLT	Hilton Worldwide Holdings Inc. Consumer Cyclical	Added	104,888	+8,004	$33,366,970	+4.2%	0.79%
ECL	Ecolab Inc. Basic Materials	Added	119,705	+6,156	$32,868,598	+3.9%	0.77%
GM	General Motors Co Consumer Cyclical	Added	422,525	+92,761	$32,534,425	+28.0%	0.77%
ADI	Analog Devices Inc Technology	Added	80,274	+5,197	$31,845,498	+6.8%	0.75%
UNH	Unitedhealth Group Inc Healthcare	Added	84,834	+2,368	$31,140,864	−9.1%	0.73%
PH	Parker-Hannifin Corp Industrials	Added	32,586	+2,488	$31,133,316	+5.8%	0.73%
C	Citigroup Inc Financial Services	Reduced	239,399	-11,107	$30,997,382	−11.6%	0.73%
CMI	Cummins Inc Industrials	Added	59,808	+12,343	$30,895,018	−8.7%	0.73%
MA	Mastercard Inc Financial Services	Reduced	55,813	-65,879	$30,779,195	−50.8%	0.72%
BLK	BlackRock, Inc. Financial Services	Added	28,785	+2,464	$30,462,877	+20.4%	0.72%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	108,517	+5,658	$30,192,684	+0.1%	0.71%
NEM	NEWMONT Corp Basic Materials	Added	261,684	+100,671	$30,182,632	+100.7%	0.71%
ANET	Arista Networks, Inc. Technology	Reduced	146,648	-1,984	$29,856,066	+18.2%	0.70%
DE	Deere & Co Industrials	Added	44,233	+3,035	$29,704,671	+13.7%	0.70%
CTVA	Corteva, Inc. Basic Materials	Added	372,480	+22,511	$28,923,072	−2.4%	0.68%
SHW	Sherwin Williams Co Basic Materials	Added	89,006	+3,415	$28,772,969	−2.4%	0.68%
DIS	Walt Disney Co Communication Services	Added	274,000	+23,842	$28,742,600	+19.4%	0.68%
SNDK	Sandisk Corp Technology	Added	16,358	+2,236	$28,461,120	−11.4%	0.67%
BAC	Bank Of America Corp Financial Services	Added	502,654	+20,852	$27,359,457	−0.3%	0.64%
ROST	Ross Stores, Inc. Consumer Cyclical	Added	117,128	+9,734	$27,337,675	+19.6%	0.64%
F	Ford Motor Co Consumer Cyclical	Added	2,248,141	+299,039	$27,112,580	+0.1%	0.64%
ORCL	Oracle Corp Technology	Added	196,436	+33,189	$26,970,662	+12.7%	0.63%
NFLX	Netflix Inc Communication Services	Added	382,021	+25,282	$26,581,021	+4.4%	0.63%
EQIX	Equinix Inc Real Estate	Added	25,930	+1,427	$26,230,269	+2.7%	0.62%

Showing the top 50 of 120 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.