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PBU - The Pension Fund of Early Childhood & Youth Educators — 13F Holdings & Portfolio

CIK 2103310 · latest 13F-HR filed 2026-11-06

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PBU - The Pension Fund of Early Childhood & Youth Educators manages $4.25B in 13F-reported U.S. long-equity assets across 120 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (8.01%), AAPL (7.54%), MSFT (6.58%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 2 new positions and exited 6; 45 existing positions rose in reported value and 33 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
$4.25B

Long-equity book

Holdings
120

Distinct positions

Period
2026-09-30

Filed 2026-11-06

Q/Q Activity
+2 / −6 / ↑45 / ↓33

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
NVDA8.0% · +9%AAPL7.5% · +8%MSFT6.6% · -47%GOOGL3.5% · +14%META2.7% · +3%AVGO2.6% · +3%GOOG2.5% · -50%MU2.3% · +9%AMD2.0% · +8%LLY1.4% · +6%JPM1.3% · +3%INTC1.2% · +10%AMAT1.1% · +18%LRCX1.1% · +4%V1.1% · -48%COST1.0% · +28%CRWD1.0% · +333%MS1.0% · +18%CSCO1.0% · +8%NOW0.9% · +28%JNJ0.9% · -10%HD0.9% · +1%GE0.9% · -46%GEV0.8% · +16%CRM0.8% · +9%TXN0.8% · +7%HLT0.8% · +8%ECL0.8% · +5%GM0.8% · +28%ADI0.8% · +7%UNH0.7% · +3%PH0.7% · +8%C0.7% · -4%CMI0.7% · +26%MA0.7% · -54%BLK0.7% · +9%APD0.7% · +6%NEM0.7% · +62%ANET0.7% · -1%DE0.7% · +7%CTVA0.7% · +6%SHW0.7% · +4%DIS0.7% · +10%SNDK0.7% · +16%BAC0.6% · +4%ROST0.6% · +9%F0.6% · +15%ORCL0.6% · +20%NFLX0.6% · +7%EQIX0.6% · +6%COF0.6% · -2%SBUX0.6% · +7%GLW0.6% · +12%MMM0.6% · +7%ITW0.6% · +4%IBM0.6% · +21%AXP0.6% · +6%QCOM0.6% · +7%PFE0.6% · +8%MRK0.6% · -13%

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

Q2 26 → Q3 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

4 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 = 39.3%

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.

PBU - The Pension Fund of Early Childhood & Youth Educators Holdings (2026-09-30)

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 CORP COMMON STOCK USD 0.001 NVDA 67066G104 $340.3M 8.01% 1,490,215 SH
2 APPLE INC COMMON STOCK USD 0.00001 AAPL 037833100 $320.5M 7.54% 962,504 SH
3 MICROSOFT CORP COMMON STOCK USD 0.00000625 MSFT 594918104 $279.7M 6.58% 545,360 SH
4 ALPHABET INC-CL A - COMMON STOCK USD 0.001 GOOGL 02079K305 $150.5M 3.54% 437,535 SH
5 META PLATFORMS INC COMMON STOCK USD 0.000006 META 30303M102 $116.8M 2.75% 161,022 SH
6 BROADCOM INC COMMON STOCK USD AVGO 11135F101 $111.7M 2.63% 318,134 SH
7 ALPHABET INC-CL C - COMMON STOCK USD 0.001 GOOG 02079K107 $107.0M 2.52% 314,119 SH
8 MICRON TECHNOLOGY INC COMMON STOCK USD 0.1 MU 595112103 $98.1M 2.31% 92,132 SH
9 ADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01 AMD 007903107 $84.0M 1.98% 137,344 SH
10 ELI LILLY AND COMPANY LLY 532457108 $61.1M 1.44% 52,767 SH
11 JPMORGAN CHASE & CO COMMON STOCK USD 1 JPM 46625H100 $53.4M 1.26% 161,392 SH
12 INTEL CORP COMMON STOCK USD 0.001 INTC 458140100 $52.5M 1.24% 436,725 SH
13 APPLIED MATERIALS INC COMMON STOCK USD 0.01 AMAT 038222105 $47.6M 1.12% 93,113 SH
14 LAM RESEARCH CORP COMMON STOCK USD 0.001 LRCX 512807306 $45.1M 1.06% 137,315 SH
15 VISA INC COMMON STOCK USD 0.0001 V 92826C839 $44.8M 1.05% 124,604 SH
16 COSTCO WHOLESALE CORP COMMON STOCK USD 0.005 COST 22160K105 $43.8M 1.03% 48,130 SH
17 CROWDSTRIKE HOLDINGS INC COMMON STOCK USD CRWD 22788C105 $43.5M 1.02% 164,169 SH
18 MORGAN STANLEY DEAN WITTER & CO. MS 617446448 $42.3M 0.99% 224,658 SH
19 CISCO SYSTEMS INC COMMON STOCK USD 0.001 CSCO 17275R102 $41.7M 0.98% 387,620 SH
20 SERVICENOW INC COMMON STOCK USD 0.001 NOW 81762P102 $39.0M 0.92% 290,735 SH
21 JOHNSON & JOHNSON COMMON STOCK USD 1 JNJ 478160104 $38.0M 0.89% 143,457 SH
22 HOME DEPOT INC/THE COMMON STOCK USD 0.05 HD 437076102 $37.6M 0.89% 132,196 SH
23 GENERAL ELECTRIC CO GE 369604301 $37.1M 0.87% 118,856 SH
24 GE VERNOVA INC COMMON STOCK USD 0.01 GEV 36828A101 $35.8M 0.84% 37,685 SH
25 SALESFORCE.COM INC. CRM 79466L302 $34.9M 0.82% 151,960 SH
26 TEXAS INSTRUMENTS INC COMMON STOCK USD 1 TXN 882508104 $33.5M 0.79% 119,779 SH
27 HILTON WORLDWIDE HOLDINGS INC COMMON STOCK USD 0.01 HLT 43300A203 $33.4M 0.79% 104,888 SH
28 ECOLAB INC COMMON STOCK USD 1 ECL 278865100 $32.9M 0.77% 119,705 SH
29 GENERAL MOTORS CO COMMON STOCK USD 0.01 GM 37045V100 $32.5M 0.77% 422,525 SH
30 ANALOG DEVICES INC COMMON STOCK USD 0.167 ADI 032654105 $31.8M 0.75% 80,274 SH
31 UNITEDHEALTH GROUP INC COMMON STOCK USD 0.01 UNH 91324P102 $31.1M 0.73% 84,834 SH
32 PARKER-HANNIFIN CORP COMMON STOCK USD 0.5 PH 701094104 $31.1M 0.73% 32,586 SH
33 CITIGROUP INC COMMON STOCK USD 0.01 C 172967424 $31.0M 0.73% 239,399 SH
34 CUMMINS INC COMMON STOCK USD 2.5 CMI 231021106 $30.9M 0.73% 59,808 SH
35 MASTERCARD INC COMMON STOCK USD 0.0001 MA 57636Q104 $30.8M 0.72% 55,813 SH
36 BLACKROCK INC COMMON STOCK USD 0.01 BLK 09290D101 $30.5M 0.72% 28,785 SH
37 AIR PRODUCTS AND CHEMICALS INC COMMON STOCK USD 1 APD 009158106 $30.2M 0.71% 108,517 SH
38 NEWMONT CORP COMMON STOCK USD 1.6 NEM 651639106 $30.2M 0.71% 261,684 SH
39 ARISTA NETWORKS INC COMMON STOCK USD 0.0001 ANET 040413205 $29.9M 0.70% 146,648 SH
40 DEERE & CO COMMON STOCK USD 1 DE 244199105 $29.7M 0.70% 44,233 SH
41 CORTEVA INC COMMON STOCK USD 0.01 CTVA 22052L104 $28.9M 0.68% 372,480 SH
42 SHERWIN-WILLIAMS CO/THE COMMON STOCK USD 1 SHW 824348106 $28.8M 0.68% 89,006 SH
43 THE WALT DISNEY COMPANY DIS 254687106 $28.7M 0.68% 274,000 SH
44 SANDISK CORP COMMON STOCK USD 0.01 SNDK 80004C200 $28.5M 0.67% 16,358 SH
45 BANK OF AMERICA CORP COMMON STOCK USD 0.01 BAC 060505104 $27.4M 0.64% 502,654 SH
46 ROSS STORES INC COMMON STOCK USD 0.01 ROST 778296103 $27.3M 0.64% 117,128 SH
47 FORD MOTOR CO COMMON STOCK USD 0.01 F 345370860 $27.1M 0.64% 2,248,141 SH
48 ORACLE CORP COMMON STOCK USD 0.01 ORCL 68389X105 $27.0M 0.63% 196,436 SH
49 NETFLIX INC COMMON STOCK USD 0.001 NFLX 64110L106 $26.6M 0.63% 382,021 SH
50 EQUINIX INC REIT USD 0.001 EQIX 29444U700 $26.2M 0.62% 25,930 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-06 $4.25B 120 0002103310-26-000013
2026-06-30 2026-07-16 $4.42B 132 0002103310-26-000010
2026-03-31 2026-04-10 $6.65B 191 0002103310-26-000008
2025-12-31 2026-04-10 $6.94B 209 0002103310-26-000007
Filer Information
Address
SUNDKROGSGADE 13
COPENHAGEN 2100
Phone
70112011
Filing Manager
PBU - The Pension Fund of Early Childhood & Youth Educators
COPENHAGEN, G7
Signatory
Victoria Klingenberg
Head of Valuation