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Railway Pension Investments Ltd — 13F Holdings & Portfolio

CIK 1658020 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Railway Pension Investments Ltd manages $7.95B in 13F-reported U.S. long-equity assets across 102 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (5.93%), AAPL (4.80%), GOOGL (4.17%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 12 new positions and exited 13; 50 existing positions rose in reported value and 27 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$7.95B

Long-equity book

Holdings
102

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+12 / −13 / ↑50 / ↓27

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
NVDA5.9% · +67%AAPL4.8% · +94%GOOGL4.2% · +1%LRCX4.1% · -23%AVGO4.0% · +13%KLAC3.5% · +960%AMZN3.0% · -11%MSFT2.9% · -39%TXN2.8% · -22%V2.7% · +12%ANET2.5% · newABBV2.5% · -1%BAC2.5% · newMETA2.4% · -14%NEE2.3% · -12%TMO2.3% · -12%EQIX2.1% · -21%JNJ2.1% · 0%GILD2.1% · -1%CEG1.9% · -2%APH1.9% · +1%QCOM1.9% · -14%MA1.9% · -1%LNG1.8% · -31%CSCO1.7% · +3%SYK1.6% · -17%PEG1.4% · -21%MO1.1% · -2%NTAP1.0% · +3%MCK1.0% · -2%FAST1.0% · -2%GWW0.9% · -2%PH0.9% · 0%EXPE0.9% · +1%INSM0.8% · newBMY0.8% · 0%CDNS0.7% · +4%TPR0.7% · +39%TT0.6% · +131%ADI0.6% · +102%FTNT0.6% · newADBE0.6% · +146%TJX0.5% · +1%HPQ0.5% · +25%ADSK0.5% · +45%FFIV0.5% · +246%FTV0.5% · +56%WSM0.5% · 0%KEYS0.5% · newHCA0.5% · 0%MSI0.4% · 0%CRM0.4% · +17%IBM0.4% · 0%INTU0.4% · +150%GEN0.4% · +99%CAH0.4% · +52%HLT0.4% · +140%AMGN0.4% · 0%CTAS0.4% · 0%VZ0.4% · -5%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

6 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 38%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 50 →

Top Trims

Show all 27 →

New Positions

Show all 12 →

Exited Positions

Show all 13 →

Railway Pension Investments Ltd Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $471.5M 5.93% 2,356,300 SH
2 APPLE INC AAPL 037833100 $382.2M 4.80% 1,320,786 SH
3 ALPHABET INC GOOGL 02079K305 $332.0M 4.17% 929,030 SH
4 LAM RESEARCH CORP LRCX 512807306 $327.0M 4.11% 754,700 SH
5 BROADCOM INC AVGO 11135F101 $321.9M 4.05% 852,192 SH
6 KLA CORP KLAC 482480100 $279.6M 3.51% 926,652 SH
7 AMAZON COM INC AMZN 023135106 $237.4M 2.98% 996,040 SH
8 MICROSOFT CORP MSFT 594918104 $230.2M 2.89% 617,170 SH
9 TEXAS INSTRS INC TXN 882508104 $226.6M 2.85% 760,371 SH
10 VISA INC V 92826C839 $215.7M 2.71% 628,679 SH
11 ARISTA NETWORKS INC ANET 040413205 $201.3M 2.53% 1,184,850 SH
12 ABBVIE INC ABBV 00287Y109 $199.5M 2.51% 792,949 SH
13 BANK OF AMER CORP BAC 060505104 $198.6M 2.50% 3,485,400 SH
14 META PLATFORMS INC META 30303M102 $192.8M 2.42% 342,200 SH
15 NEXTERA ENERGY INC NEE 65339F101 $180.5M 2.27% 2,056,432 SH
16 THERMO FISHER SCIENTIFIC INC TMO 883556102 $180.0M 2.26% 358,970 SH
17 EQUINIX INC EQIX 29444U700 $170.9M 2.15% 163,989 SH
18 JOHNSON & JOHNSON JNJ 478160104 $165.1M 2.08% 650,036 SH
19 GILEAD SCIENCES INC GILD 375558103 $163.7M 2.06% 1,295,596 SH
20 CONSTELLATION ENERGY CORP CEG 21037T109 $154.2M 1.94% 620,960 SH
21 AMPHENOL CORP APH 032095101 $151.1M 1.90% 857,100 SH
22 QUALCOMM INC QCOM 747525103 $149.2M 1.88% 807,400 SH
23 MASTERCARD INCORPORATED MA 57636Q104 $148.8M 1.87% 289,640 SH
24 CHENIERE ENERGY INC LNG 16411R208 $140.1M 1.76% 586,260 SH
25 CISCO SYS INC CSCO 17275R102 $138.0M 1.74% 1,175,076 SH
26 STRYKER CORPORATION SYK 863667101 $128.4M 1.61% 407,720 SH
27 PUBLIC SVC ENTERPRISE GROUP PEG 744573106 $110.4M 1.39% 1,360,650 SH
28 ALTRIA GROUP INC MO 02209S103 $91.0M 1.14% 1,264,600 SH
29 NETAPP INC NTAP 64110D104 $82.2M 1.03% 531,250 SH
30 MCKESSON CORP MCK 58155Q103 $81.3M 1.02% 107,642 SH
31 FASTENAL CO FAST 311900104 $79.5M 1.00% 1,656,050 SH
32 WW GRAINGER INC GWW 384802104 $73.5M 0.92% 54,048 SH
33 PARKER-HANNIFIN CORP PH 701094104 $71.8M 0.90% 73,400 SH
34 EXPEDIA GROUP INC EXPE 30212P303 $68.7M 0.86% 268,659 SH
35 INSMED INC INSM 457669307 $64.5M 0.81% 604,700 SH
36 BRISTOL-MYERS SQUIBB CO BMY 110122108 $60.0M 0.75% 1,040,700 SH
37 CADENCE DESIGN SYSTEM INC CDNS 127387108 $54.9M 0.69% 146,200 SH
38 TAPESTRY INC TPR 876030107 $52.2M 0.66% 356,576 SH
39 TRANE TECHNOLOGIES PLC TT G8994E103 $51.1M 0.64% 104,000 SH
40 ANALOG DEVICES INC ADI 032654105 $50.0M 0.63% 125,940 SH
41 FORTINET INC FTNT 34959E109 $47.6M 0.60% 309,800 SH
42 ADOBE INC ADBE 00724F101 $44.6M 0.56% 217,760 SH
43 TJX COS INC NEW TJX 872540109 $40.9M 0.51% 270,200 SH
44 HP INC HPQ 40434L105 $39.2M 0.49% 1,785,815 SH
45 AUTODESK INC ADSK 052769106 $38.9M 0.49% 200,292 SH
46 F5 INC FFIV 315616102 $37.9M 0.48% 91,010 SH
47 FORTIVE CORP FTV 34959J108 $36.9M 0.46% 604,400 SH
48 WILLIAMS SONOMA INC WSM 969904101 $36.3M 0.46% 155,700 SH
49 KEYSIGHT TECHNOLOGIES INC KEYS 49338L103 $36.1M 0.45% 103,120 SH
50 HCA HEALTHCARE INC HCA 40412C101 $36.0M 0.45% 92,447 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $7.95B 102 0001658020-26-000005
2026-03-31 2026-05-12 $7.03B 103 0001658020-26-000003
2025-12-31 2026-02-10 $8.51B 106 0001658020-26-000002
2025-09-30 2025-10-22 $7.38B 117 0001658020-25-000013
2024-09-30 2024-11-13 $8.34B 215 0001658020-24-000015
2024-06-30 2024-07-26 $8.37B 219 0001658020-24-000008
Filer Information
Address
7 DEVONSHIRE SQUARE
LONDON EC2M 4YH
Phone
02073306807
Filing Manager
Railway Pension Investments Ltd
LONDON, X0
Signatory
Samuel North
Director of Compliance