Board of the Pension Protection Fund — 13F Holdings & Portfolio
CIK 2041021 · latest 13F-HR filed 2026-04-27
Board of the Pension Protection Fund manages $108.8M in 13F-reported U.S. long-equity assets across 156 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are DELL (2.19%), CLS (1.84%), TWLO (1.83%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 15 new positions, exited 110, added to 65, and trimmed 64.
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.
$108.8M
Long-equity book
156
Distinct positions
2026-03-31
Filed 2026-04-27
+15 / −110 / ↑65 / ↓64
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NETAPP INC$1.7M +2290.3%
- PAYPAL HLDGS INC$1.7M +2653.9%
- TRIMBLE INC$1.7M +4279.2%
- EXELON CORP$1.7M +1523.9%
- ATMOS ENERGY CORP$1.7M +2462.0%
Top Trims
- CENTENE CORP DEL-$1.6M -84.3%
- COMCAST CORP NEW-$1.5M -87.1%
- METLIFE INC-$1.3M -79.2%
- APTIV PLC-$1.2M -87.7%
- BROWN FORMAN CORP-$1.2M -95.3%
New Positions
- CELESTICA INC$2.0M
- OPEN TEXT CORP$2.0M
- CGI INC$2.0M
- MARVELL TECHNOLOGY INC$1.7M
- DESCARTES SYS GROUP INC$1.7M
Exited Positions
- GENERAL MTRS CO$1.8M
- EXPEDIA GROUP INC$1.8M
- EVEREST GROUP LTD$1.7M
- BERKLEY W R CORP$1.7M
- TRAVELERS COMPANIES INC$1.7M
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 | DELL TECHNOLOGIES INC | DELL | 24703L202 | $2.4M | 2.19% | 14,500 | SH |
| 2 | CELESTICA INC | CLS | 15101Q207 | $2.0M | 1.84% | 5,100 | SH |
| 3 | TWILIO INC | TWLO | 90138F102 | $2.0M | 1.83% | 15,800 | SH |
| 4 | OPEN TEXT CORP | OTEX | 683715106 | $2.0M | 1.81% | 63,600 | SH |
| 5 | HEWLETT PACKARD ENTERPRISE C | HPE | 42824C109 | $2.0M | 1.81% | 82,700 | SH |
| 6 | CGI INC | GIB | 12532H104 | $2.0M | 1.80% | 19,200 | SH |
| 7 | EDISON INTL | EIX | 281020107 | $1.9M | 1.78% | 26,500 | SH |
| 8 | ZOOM COMMUNICATIONS INC | ZM | 98980L101 | $1.8M | 1.69% | 22,800 | SH |
| 9 | PG&E CORP | PCG | 69331C108 | $1.8M | 1.66% | 102,800 | SH |
| 10 | NETAPP INC | NTAP | 64110D104 | $1.8M | 1.65% | 17,500 | SH |
| 11 | EXELON CORP | EXC | 30161N101 | $1.8M | 1.63% | 36,100 | SH |
| 12 | PAYPAL HLDGS INC | PYPL | 70450Y103 | $1.8M | 1.63% | 39,100 | SH |
| 13 | FLEXTRONICS INTL LTD | FLEX | Y2573F102 | $1.8M | 1.62% | 26,900 | SH |
| 14 | ATMOS ENERGY CORP | ATO | 049560105 | $1.7M | 1.58% | 9,300 | SH |
| 15 | TRIMBLE INC | TRMB | 896239100 | $1.7M | 1.58% | 26,300 | SH |
| 16 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $1.7M | 1.58% | 17,300 | SH |
| 17 | OMNICOM GROUP INC | OMC | 681919106 | $1.7M | 1.56% | 22,500 | SH |
| 18 | DESCARTES SYS GROUP INC | DSGX | 249906108 | $1.7M | 1.56% | 17,000 | SH |
| 19 | DOCUSIGN INC | DOCU | 256163106 | $1.7M | 1.53% | 35,200 | SH |
| 20 | GLOBAL PMTS INC | GPN | 37940X102 | $1.6M | 1.52% | 24,500 | SH |
| 21 | OKTA INC | OKTA | 679295105 | $1.6M | 1.48% | 20,500 | SH |
| 22 | LOEWS CORP | L | 540424108 | $1.6M | 1.48% | 15,100 | SH |
| 23 | NISOURCE INC | NI | 65473P105 | $1.6M | 1.47% | 34,200 | SH |
| 24 | LAS VEGAS SANDS CORP | LVS | 517834107 | $1.6M | 1.46% | 29,500 | SH |
| 25 | SS&C TECH HLDGS | SSNC | 78467J100 | $1.5M | 1.42% | 22,900 | SH |
| 26 | SYNCHRONY FINANCIAL | SYF | 87165B103 | $1.5M | 1.42% | 22,700 | SH |
| 27 | LIBERTY MEDIA CORP DEL | FWONA | 531229771 | $1.5M | 1.41% | 19,600 | SH |
| 28 | NEWS CORP NEW | NWS | 65249B208 | $1.5M | 1.39% | 53,200 | SH |
| 29 | FRANKLIN RESOURCES INC | BEN | 354613101 | $1.5M | 1.38% | 63,400 | SH |
| 30 | DELTA AIR LINES INC | DAL | 247361702 | $1.5M | 1.38% | 22,500 | SH |
| 31 | PTC INC | PTC | 69370C100 | $1.5M | 1.36% | 10,400 | SH |
| 32 | CINCINNATI FINL CORP | CINF | 172062101 | $1.5M | 1.36% | 9,400 | SH |
| 33 | HARTFORD INSURANCE GROUP INC | HIG | 416515104 | $1.5M | 1.36% | 10,900 | SH |
| 34 | REGIONS FINANCIAL CORP NEW | RF | 7591EP100 | $1.4M | 1.33% | 55,400 | SH |
| 35 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 192446102 | $1.4M | 1.33% | 23,500 | SH |
| 36 | CDW CORP | CDW | 12514G108 | $1.4M | 1.32% | 11,900 | SH |
| 37 | GODADDY INC | GDDY | 380237107 | $1.4M | 1.32% | 17,300 | SH |
| 38 | TEXTRON INC | TXT | 883203101 | $1.4M | 1.31% | 16,300 | SH |
| 39 | GEN DIGITAL INC | GEN | 668771108 | $1.4M | 1.28% | 73,800 | SH |
| 40 | FOX CORP | FOX | 35137L204 | $1.4M | 1.27% | 26,100 | SH |
| 41 | HUNTINGTON BANCSHARES INC | HBAN | 446150104 | $1.4M | 1.25% | 87,200 | SH |
| 42 | FOX CORP | FOXA | 35137L105 | $1.4M | 1.25% | 23,300 | SH |
| 43 | PRUDENTIAL FINL INC | PRU | 744320102 | $1.4M | 1.25% | 13,900 | SH |
| 44 | RAYMOND JAMES FINL INC | RJF | 754730109 | $1.3M | 1.24% | 9,300 | SH |
| 45 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $1.3M | 1.19% | 14,100 | SH |
| 46 | EQUITABLE HLDGS INC | EQH | 29452E101 | $1.3M | 1.18% | 34,600 | SH |
| 47 | HP INC | HPQ | 40434L105 | $1.3M | 1.18% | 66,600 | SH |
| 48 | SUPER MICRO COMPUTER INC | SMCI | 86800U302 | $1.3M | 1.17% | 56,100 | SH |
| 49 | FIDELITY NATL FINL INC | FNF | 31620R303 | $1.3M | 1.16% | 27,200 | SH |
| 50 | PINTEREST INC | PINS | 72352L106 | $1.2M | 1.14% | 67,800 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-27 | $108.8M | 156 | 0002041021-26-000003 |
| 2025-12-31 | 2026-01-06 | $105.1M | 251 | 0002041021-26-000001 |