BO

Board of the Pension Protection Fund

Diversified strategySector-focusedContrarian

Total reported value

$108.8M

Reporting period: 2026-03-31 · Number of holdings: 156

Board of the Pension Protection Fund disclosed 156 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $108.8M and a quarterly turnover rate of 88.2%.

Personality snowflake

Concentration
5.03
Portfolio Stability
88.21
Momentum/Contrarian
0
Sector conviction
100
Diversification
100
Sizing Uniformity
90.17

Recent moves

  • Add NTAP

    +2400.0%　$1.7M

  • Add PYPL

    +3454.5%　$1.7M

  • Add TRMB

    +5160.0%　$1.7M

  • Add EXC

    +1344.0%　$1.7M

  • Add ATO

    +2225.0%　$1.7M

  • Trim CNC

    -80.2%　-$1.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1DELLDell Technologies -cStock-Tech2.19%+0.86%+30.63%
2CLSCelestica INCStock-Tech1.84%+1.84%NEW
3TWLOTwilio INC - AStock-Tech1.83%—+21.54%
4OTEXOpen Text CORPStock-Other1.81%+1.81%NEW
5HPEHewlett Packard EnterpriseStock-Tech1.81%—+15.50%
6GIBCgi INCStock-Tech1.80%+1.80%NEW
7EIXEdison InternationalStock-Utilities1.78%—-6.36%
8ZMZoom Communications INCStock-Tech1.69%—+6.54%
9PCGP G & E CORPStock-Utilities1.66%—-9.67%
10NTAPNetapp INCStock-Tech1.65%+1.58%+2400.00%
11EXCExelon CORPStock-Utilities1.63%+1.53%+1344.00%
12PYPLPaypal Holdings INCStock-Financials1.63%+1.57%+3454.55%
13FLEXFlex Ltd.Stock-Tech1.62%——
14ATOAtmos Energy CORPStock-Utilities1.58%+1.52%+2225.00%
15TRMBTrimble INCStock-Tech1.58%+1.54%+5160.00%
16MRVLMarvell Technology INCStock-Tech1.58%+1.58%NEW
17OMCOmnicom GroupStock-Comm Services1.56%—+3.69%
18DSGXDescartes Systems Grp/theStock-Tech1.56%+1.56%NEW
19DOCUDocusign INCStock-Tech1.53%—+46.67%
20GPNGlobal Payments INCStock-Industrials1.52%—+32.43%
21OKTAOkta INCStock-Tech1.48%+1.43%+3316.67%
22LLoews CORPStock-Financials1.48%—-5.03%
23NINisource INCStock-Utilities1.47%+1.39%+1700.00%
24LVSLas Vegas Sands CORPStock-Consumer Disc1.46%+1.46%NEW
25SSNCSs&c Technologies HoldingsStock-Tech1.42%+1.35%+2762.50%
26SYFSynchrony FinancialStock-Financials1.42%—+14.65%
27FWONALiberty Media Corp-formula-aStock-Other1.41%—+20.99%
28NWSNews CORP - Class BStock-Comm Services1.39%—+2.50%
29BENFranklin Resources INCStock-Financials1.38%—-5.09%
30DALDelta Air Lines INCStock-Industrials1.38%—+2.74%
31PTCPtc INCStock-Tech1.36%+1.33%+5100.00%
32CINFCincinnati Financial CORPStock-Financials1.36%—-5.05%
33HIGHartford Insurance Group INCStock-Financials1.36%—-4.39%
34RFRegions Financial CORPStock-Financials1.33%—-7.82%
35CTSHCognizant Tech Solutions-aStock-Tech1.33%—+15.76%
36CDWCdw Corp/deStock-Tech1.32%—+46.91%
37GDDYGodaddy INC - Class AStock-Tech1.32%—+46.61%
38TXTTextron INCStock-Industrials1.31%—-7.39%
39GENGen Digital INCStock-Tech1.28%—+24.87%
40FOXFox CORP - Class BStock-Comm Services1.27%—-5.09%
41HBANHuntington Bancshares INCStock-Financials1.25%—-7.14%
42FOXAFox CORP - Class AStock-Comm Services1.25%—-4.90%
43PRUPrudential Financial INCStock-Financials1.25%—-0.71%
44RJFRaymond James Financial INCStock-Financials1.24%+1.18%+2225.00%
45UALUnited Airlines Holdings INCStock-Industrials1.19%—+2.17%
46EQHEquitable Holdings INCStock-Financials1.18%—-0.29%
47HPQHp INCStock-Tech1.18%—+12.69%
48SMCISuper Micro Computer INCStock-Tech1.17%—+73.68%
49FNFFidelity National FinancialStock-Financials1.16%—-2.86%
50PINSPinterest Inc- Class AStock-Comm Services1.14%—+33.99%
1–50 of 156

Holding changes this quarter

Board of the Pension Protection Fund's most significant position changes for 2026-03-31: New buy: Celestica INC (CLS); New buy: Open Text CORP (OTEX); New buy: Cgi INC (GIB); Sold out: General Motors Co (GM); Sold out: Expedia Group INC (EXPE).

Position changes disclosed by Board of the Pension Protection Fund for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1NTAPNetapp INC+1.6%+2400.00%Add
2PYPLPaypal Holdings INC+1.6%+3454.55%Add
3TRMBTrimble INC+1.5%+5160.00%Add
4EXCExelon CORP+1.5%+1344.00%Add
5ATOAtmos Energy CORP+1.5%+2225.00%Add
6OKTAOkta INC+1.4%+3316.67%Add
7NINisource INC+1.4%+1700.00%Add
8SSNCSs&c Technologies Holdings+1.4%+2762.50%Add
9PTCPtc INC+1.3%+5100.00%Add
10RJFRaymond James Financial INC+1.2%+2225.00%Add
11CEGConstellation Energy+1.1%+3533.33%Add
12NRGNrg Energy INC+1.1%+1316.67%Add
13TELTE Connectivity plc+1%+5200.00%Add
14AWKAmerican Water Works Co INC+1%+1100.00%Add
15INCYIncyte CORP+0.9%+2060.00%Add
16BRBroadridge Financial Solutio+0.9%+5900.00%Add
17DELLDell Technologies -c+0.9%+30.63%Add
18BNYBank Of New York Mellon CORP+0.8%+1775.00%Add
19FSLRFirst Solar INC+0.8%+450.00%Add
20CNACna Financial CORP-0.9%-61.47%Trim
21LEN-BLennar CORP - B Shs-1%-98.23%Trim
22BLDRBuilders Firstsource INC-1%-87.72%Trim
23CNHCNH Industrial N.V.-1.1%-86.22%Trim
24BF-ABrown-forman Corp-class A-1.2%-95.43%Trim
25APTVAptiv PLC-1.2%-86.49%Trim
26METMetlife INC-1.2%-76.73%Trim
27CMCSAComcast Corp-class A-1.4%-86.58%Trim
28CNCCentene CORP-1.5%-80.22%Trim
29CLSCelestica INC—NEWNew buy
30OTEXOpen Text CORP—NEWNew buy
31GIBCgi INC—NEWNew buy
32GMGeneral Motors Co—EXITSold out
33EXPEExpedia Group INC—EXITSold out
34EGEverest Group, Ltd.—EXITSold out
35MRVLMarvell Technology INC—NEWNew buy
36WRBWr Berkley CORP—EXITSold out
37DSGXDescartes Systems Grp/the—NEWNew buy
38TRVTravelers Cos Inc/the—EXITSold out
39ACGLArch Capital Group Ltd.—EXITSold out
40FFord Motor Co—EXITSold out
41HALHalliburton Co—EXITSold out
42LVSLas Vegas Sands CORP—NEWNew buy
43AVYAvery Dennison CORP—EXITSold out
44CTRACoterra Energy INC—EXITSold out
45AMCRAmcor plc—EXITSold out
46VZVerizon Communications INC—EXITSold out
47SWSmurfit Westrock Plc—EXITSold out
48CHTRCharter Communications Inc-a—EXITSold out
49DOWDow INC—EXITSold out
50HOODRobinhood Markets INC - A—NEWNew buy

FAQ

What is Board of the Pension Protection Fund and what type of investor is it?
Board of the Pension Protection Fund is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $108.8M, spread across 156 disclosed positions.
What are Board of the Pension Protection Fund's largest equity positions?
Based on the latest 13F filing, Board of the Pension Protection Fund's top holdings by market value are: 1. Dell Technologies -c (DELL) — $2.4M (2.2%) 2. Celestica INC (CLS) — $2.0M (1.8%) 3. Twilio INC - A (TWLO) — $2.0M (1.8%) 4. Open Text CORP (OTEX) — $2.0M (1.8%) 5. Hewlett Packard Enterprise (HPE) — $2.0M (1.8%)
What changes did Board of the Pension Protection Fund make in its most recent portfolio filing?
In the latest reported quarter, Board of the Pension Protection Fund made 50 notable position adjustments: 7 new positions were initiated, 19 existing holdings were added to, 9 positions were partially reduced, and 15 were completely exited. The largest of these moves: New buy: Celestica INC (CLS); New buy: Open Text CORP (OTEX); New buy: Cgi INC (GIB); Sold out: General Motors Co (GM); Sold out: Expedia Group INC (EXPE)
What sectors does Board of the Pension Protection Fund focus on?
Board of the Pension Protection Fund is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 52.8% • Financials: 14.4% • Utilities: 14.2% • Industrials: 10.1% • Communication Services: 6.9% • Health Care: 1.6%