PBU - The Pension Fund of Early Childhood & Youth Educators

Pension

CIK

2103310

Location

COPENHAGEN, G7

Portfolio Value

Small $341,372,054

Diversification

Diversified

Filing Date

Global Rank

#556 / 8,586 ▼ 5

Top Industry

Semiconductors 11.5%

3Y Alpha vs SPY

-10.9%

Period ended 3 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

+8.2%

SPY

+11.2%

Annualised alpha

-10.9%

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

Diversified−50

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	33.4%	$2,190,153,985	32
Financial Services	15.5%	$1,012,698,899	34
Communication Services	10.6%	$690,940,890	12
Healthcare	9.7%	$634,482,642	24
Industrials	9.5%	$621,712,704	28
Consumer Cyclical	8.5%	$553,871,799	24
Consumer Defensive	5.2%	$341,372,054	12
Basic Materials	4.5%	$295,750,977	11
Utilities	2.3%	$152,285,709	8
Real Estate	0.7%	$44,465,221	2
Unclassified	0.2%	$11,147,724	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	+744,211	1,947,830	$22,477,958
T	At&T Inc.	+458,224	951,942	$27,596,798
PFE	Pfizer Inc	+455,272	784,855	$22,038,728
EXC	Exelon Corp	+387,875	575,730	$28,222,284
BAC	Bank Of America Corp /De/	+338,487	753,328	$36,724,740
ABBV	AbbVie Inc.	+254,966	386,744	$84,112,952
BMY	Bristol Myers Squibb Co	+217,487	434,631	$26,360,370
VZ	Verizon Communications Inc	+209,899	826,105	$41,470,471
TD	Toronto Dominion Bank	+188,867	355,871	$33,206,323
CSCO	Cisco Systems, Inc.	+182,479	472,291	$36,645,058
MFC	Manulife Financial Corp	+175,363	833,547	$28,707,358
C	Citigroup Inc	+166,260	345,479	$39,180,773
KVUE	Kenvue Inc.	+155,229	683,100	$11,776,644
KO	Coca Cola Co	+150,111	836,647	$63,627,004
EIX	Edison International	+149,523	349,866	$25,603,193
BN	BROOKFIELD Corp /ON/	+137,157	603,573	$24,426,599
CM	Canadian Imperial Bank Of Commerce /Can/	+132,941	282,370	$26,754,557
CTVA	Corteva, Inc.	+123,933	362,338	$30,331,313
CNI	Canadian National Railway Co	+116,463	241,265	$24,794,804
GIS	General Mills Inc	+115,971	283,043	$10,534,860
UBS	UBS Group AG	+111,465	490,514	$19,164,381
D	Dominion Energy, Inc	+110,706	242,184	$14,971,814
INTC	Intel Corp	+108,920	479,313	$21,152,082
SLF	Sun Life Financial Inc	+101,380	286,362	$17,914,806
DIS	Walt Disney Co	+95,392	372,593	$35,910,513
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ADPT	Adaptive Biotechnologies Corp	−1,272,234	378,069	$5,247,597
NFLX	Netflix Inc	−283,695	483,035	$46,443,815
KGC	Kinross Gold Corp	−238,925	176,627	$5,390,656
GOOGL	Alphabet Inc.	−219,000	895,643	$257,551,101
DXCM	Dexcom Inc	−197,634	71,347	$4,480,591
NVDA	Nvidia Corp	−176,990	2,466,225	$430,109,640
V	Visa Inc.	−163,976	200,418	$60,574,336
AVGO	Broadcom Inc.	−162,964	477,142	$147,680,220
TSCO	Tractor Supply Co /De/	−143,150	710,832	$32,200,689
AAPL	Apple Inc.	−134,273	1,458,893	$370,252,454
ORCL	Oracle Corp	−114,040	201,823	$29,690,181
DAL	Delta Air Lines, Inc.	−96,496	59,595	$3,961,875
TT	Trane Technologies plc	−89,203	84,365	$35,158,270
GM	General Motors Co	−70,787	329,549	$24,551,400
UAL	United Airlines Holdings, Inc.	−67,686	20,507	$1,888,079
SPGI	S&P Global Inc.	−64,635	42,203	$17,950,624
META	Meta Platforms, Inc.	−54,038	315,582	$180,553,929
DECK	Deckers Outdoor Corp	−53,276	30,584	$3,061,152
ADI	Analog Devices Inc	−51,575	75,029	$23,869,726
HD	Home Depot, Inc.	−46,875	166,745	$54,840,763
MGA	Magna International Inc	−40,025	166,029	$9,266,078
MSFT	Microsoft Corp	−39,735	746,276	$276,248,986
GILD	Gilead Sciences, Inc.	−38,850	141,259	$19,687,266
SHOP	Shopify Inc.	−36,152	146,047	$17,324,095
UBER	Uber Technologies, Inc	−32,350	281,293	$20,233,405
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
WAT	Waters Corp /De/	56,650	$16,870,370
LYB	LyondellBasell Industries N.V.	132,442	$10,669,527
FIX	Comfort Systems USA Inc	7,525	$10,376,899
ACM	Aecom	107,172	$9,090,329
NTR	Nutrien Ltd.	119,988	$9,054,294
BURL	Burlington Stores, Inc.	26,873	$8,743,936
MAS	Masco Corp /De/	134,966	$8,147,897
CLX	Clorox Co /De/	77,519	$8,033,293
EW	Edwards Lifesciences Corp	48,389	$3,874,991
TPR	Tapestry, Inc.	26,516	$3,741,672
SUNB	Sunbelt Rentals Holdings, Inc.	47,103	$3,065,934
FLS	Flowserve Corp	41,011	$3,014,718
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
GH	Guardant Health, Inc.	335,854	$34,304,127
TECH	BIO-TECHNE Corp	379,367	$22,310,573
ROK	Rockwell Automation, Inc	50,547	$19,666,321
PLD	Prologis, Inc.	145,124	$18,526,529
DAR	Darling Ingredients Inc.	360,707	$12,985,452
HWM	Howmet Aerospace Inc.	62,972	$12,910,519
FOXA	Fox Corp	160,731	$11,744,614
LIN	Linde PLC	26,689	$11,379,922
ALL	Allstate Corp	52,927	$11,016,755
TEL	TE Connectivity plc	46,621	$10,606,743
HUBS	Hubspot Inc	22,957	$9,212,644
URI	United Rentals, Inc.	10,663	$8,629,779
TDG	TransDigm Group INC	6,360	$8,457,846
CDW	CDW Corp	61,415	$8,364,723
RMD	Resmed Inc	32,933	$7,932,571
FCNCA	First Citizens Bancshares Inc /De/	3,138	$6,734,712
PAYX	Paychex Inc	59,970	$6,727,434
PYPL	PayPal Holdings, Inc.	115,170	$6,723,624
CLS	Celestica Inc	18,458	$5,456,369
COIN	Coinbase Global, Inc.	16,484	$3,727,691
AOS	Smith A O Corp	47,042	$3,146,168
RCL	Royal Caribbean Cruises Ltd	9,870	$2,752,940
GWW	W.W. Grainger, Inc.	1,400	$1,412,670
FITB	Fifth Third Bancorp	22,387	$1,047,935
CMCSA	Comcast Corp	31,879	$893,029
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 positions · $341,372,054 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	103,861	-30,146	$103,490,216	−10.4%	30.32%
KO	Coca Cola Co Consumer Defensive	Added	836,647	+150,111	$63,627,004	+32.6%	18.64%
PEP	Pepsico Inc Consumer Defensive	Added	180,225	+22,773	$27,987,140	+23.9%	8.20%
CL	Colgate Palmolive Co Consumer Defensive	Added	307,337	+43,193	$26,194,332	+25.5%	7.67%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	170,048	-7,366	$24,561,733	−3.4%	7.20%
SYY	Sysco Corp Consumer Defensive	Added	322,307	+79,351	$22,990,158	+28.4%	6.73%
HSY	Hershey Co Consumer Defensive	Added	101,298	+5,269	$21,058,841	+20.5%	6.17%
KVUE	Kenvue Inc. Consumer Defensive	Added	683,100	+155,229	$11,776,644	+29.3%	3.45%
TGT	Target Corp Consumer Defensive	Added	92,382	+80,661	$11,196,698	+877.3%	3.28%
GIS	General Mills Inc Consumer Defensive	Added	283,043	+115,971	$10,534,860	+35.6%	3.09%
CALM	Cal-Maine Foods Inc Consumer Defensive	Held	125,346	0	$9,921,135	−0.5%	2.91%
CLX	Clorox Co /De/ Consumer Defensive	NEW	77,519	NEW	$8,033,293	NEW	2.35%