Board of the Pension Protection Fund
SEC Form 13F institutional filer · CIK 0002041021
13F-HR · 130 reported holdings · 2026-03-31
Reported long-US-equity value
$0.09B
Top-10 concentration
22.4%
Board of the Pension Protection Fund — $85.2M AUM allocation strategy
Board of the Pension Protection Fund files SEC Form 13F and reports $85.2M of long US equity value across 130 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 13.3%, followed by Financials 10.5% and Utilities 10.4%.
The top 10 holdings account for 22% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Board of the Pension Protection Fund — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$85.2M
total across 130 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
22% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$PYPL +38K sh · +$1.7M+$EXC +33.6K sh · +$1.66M+$NI +32.3K sh · +$1.52M
Biggest trims (shares)
−$CMCSA −48.4K sh · −$1.46M−$BF.B −48.3K sh · −$1.27M−$CNC −36.1K sh · −$1.56M
Exited to nil (held last quarter, gone now)
$GM ($1.81M last qtr)$EXPE ($1.76M last qtr)$EG ($1.74M last qtr)$WRB ($1.7M last qtr)$TRV ($1.67M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Technology Hardware, Storage & Peripherals7.2%—
- Transaction & Payment Processing Services6.1%—
- Electric Utilities4.4%—
- Multi-Utilities4.0%—
- Multi-line Insurance2.5%—
- Electronic Manufacturing Services2.1%—
- Gas Utilities2.0%—
- Application Software2.0%—
- Other holdings69.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $DELL | Dell Technologies Inc | 14.5K | $2.38M | +3.4K | 2.8% |
| $L | Loews Corporation | 27.2K | $2.17M | -20.1K | 2.5% |
| $HPE | Hewlett Packard Enterprise Company | 82.7K | $1.97M | +11.1K | 2.3% |
| $EIX | Edison International | 26.5K | $1.94M | -1.8K | 2.3% |
| $PCG | Pacific Gas & Electric Co | 103K | $1.81M | -11K | 2.1% |
| $NTAP | NetApp Inc | 17.5K | $1.79M | +16.8K | 2.1% |
| $EXC | Exelon Corporation | 36.1K | $1.77M | +33.6K | 2.1% |
| $PYPL | PayPal Holdings Inc | 39.1K | $1.77M | +38K | 2.1% |
| $FIS | Fidelity National Information Services Inc | 37.9K | $1.76M | +8.22K | 2.1% |
| $FLEX | Flex Ltd | 26.9K | $1.76M | +0 | 2.1% |
…and 120 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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