Board of the Pension Protection Fund
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Board of the Pension Protection Fund reported 110 stock positions worth $105.4 million. Its top holding was Ball (BALL) at 2.1% of the portfolio, followed by Magna International (MGA, 2.0%) and Incyte (INCY, 1.9%). Compared with Q1 2026, it opened 45 new positions, sold out of 91, added to 36 and reduced 28. The biggest buy was a new position in Ball (BALL) and the biggest sale an exit from Dell Technologies -C (DELL).
- Most Recent 13F
- Q2 2026
- Location
- CROYDON, X0
- CIK
- 0002041021
- Portfolio Value
- $105.4M (Q2 2026)
- SEC Filing
- 0002041021-26-000006 ↗ filed Aug 7, 2026
Holdings Value
Holdings 110 stocks · $105.4M
| BALL Ball Corp. | 2.07% | 35,000 | $2.2M | New |
| MGA Magna International Inc. | 1.96% | 22,200 | $2.1M | New |
| INCY Incyte Corp. | 1.89% | 17,600 | $2.0M | Add +63.0% |
| FLEX Flex Ltd. | 1.89% | 12,300 | $2.0M | Reduce -54.3% |
| HPE Hewlett Packard Enterprise | 1.83% | 42,800 | $1.9M | Reduce -48.3% |
| CFG Citizens Financial Group | 1.81% | 27,200 | $1.9M | Add +2372.7% |
| GIB Cgi Inc. | 1.79% | 20,600 | $1.9M | Add +7.3% |
| CNC Centene Corp. | 1.77% | 29,000 | $1.9M | Add +225.8% |
| KEY Keycorp | 1.74% | 79,400 | $1.8M | Add +2381.3% |
| COO The Cooper Cos Inc. | 1.73% | 25,400 | $1.8M | New |
| L Loews Corp. | 1.72% | 16,000 | $1.8M | Add +6.0% |
| LUV Southwest Airlines Co. | 1.71% | 35,100 | $1.8M | Add +3090.9% |
| EIX Edison International | 1.70% | 24,100 | $1.8M | Reduce -9.1% |
| EQH Equitable Holdings Inc. | 1.70% | 40,800 | $1.8M | Add +17.9% |
| UAL United Airlines Holdings Inc. | 1.66% | 12,900 | $1.8M | Reduce -8.5% |
| SYF Synchrony Financial | 1.66% | 23,000 | $1.7M | Add +1.3% |
| IP International Paper Co. | 1.65% | 45,700 | $1.7M | New |
| WY Weyerhaeuser Co. | 1.65% | 72,500 | $1.7M | New |
| TXT Textron Inc. | 1.58% | 18,200 | $1.7M | Add +11.7% |
| PINS Pinterest Inc. Class A | 1.56% | 78,300 | $1.6M | Add +15.5% |
| MCHP Microchip Technology Inc. | 1.55% | 17,900 | $1.6M | New |
| KVUE Kenvue Inc. | 1.55% | 85,400 | $1.6M | New |
| EXE Expand Energy Corp. | 1.54% | 17,800 | $1.6M | New |
| TSN Tyson Foods Inc. Class A | 1.53% | 28,200 | $1.6M | New |
| DD Dupont DE Nemours Inc. | 1.50% | 11,700 | $1.6M | New |
| GPN Global Payments Inc. | 1.49% | 21,600 | $1.6M | Reduce -11.8% |
| OMC Omnicom Group | 1.49% | 21,500 | $1.6M | Reduce -4.4% |
| HIG Hartford Insurance Group Inc. | 1.46% | 11,600 | $1.5M | Add +6.4% |
| DAL Delta Air Lines Inc. | 1.46% | 16,400 | $1.5M | Reduce -27.1% |
| GEN Gen Digital Inc. | 1.45% | 61,400 | $1.5M | Reduce -16.8% |
| EQT Eqt Corp. | 1.44% | 28,600 | $1.5M | New |
| CINF Cincinnati Financial Corp. | 1.42% | 8,100 | $1.5M | Reduce -13.8% |
| PCG P G & E Corp. | 1.35% | 84,700 | $1.4M | Reduce -17.6% |
| LVS Las Vegas Sands Corp. | 1.34% | 30,500 | $1.4M | Add +3.4% |
| Z Zillow Group Inc. Class C | 1.30% | 43,600 | $1.4M | New |
| SSNC Ss&c Technologies Holdings | 1.29% | 22,000 | $1.4M | Reduce -3.9% |
| FE Firstenergy Corp. | 1.29% | 28,700 | $1.4M | New |
| HAL Halliburton Co. | 1.28% | 39,900 | $1.4M | New |
| FOX Fox Corp. Class B | 1.27% | 28,500 | $1.3M | Add +9.2% |
| FOXA Fox Corp. Class A | 1.26% | 25,400 | $1.3M | Add +9.0% |
| LDOS Leidos Holdings Inc. | 1.25% | 12,800 | $1.3M | Add +374.1% |
| GDDY GoDaddy Inc. Class A | 1.25% | 15,500 | $1.3M | Reduce -10.4% |
| HPQ HP Inc. | 1.25% | 59,900 | $1.3M | Reduce -10.1% |
| DOCU Docusign Inc. | 1.24% | 29,500 | $1.3M | Reduce -16.2% |
| ZG Zillow Group Inc. Class A | 1.23% | 41,300 | $1.3M | New |
| NWSA News Corp. Class A | 1.22% | 52,000 | $1.3M | Add +54.8% |
| RPRX Royalty Pharma PLC Class A | 1.21% | 22,800 | $1.3M | Add +235.3% |
| LYB Lyondellbasell Indu Class A | 1.20% | 24,100 | $1.3M | New |
| AIG American International Group | 1.16% | 16,400 | $1.2M | Add +22.4% |
| CMCSA Comcast Corp. Class A | 1.15% | 49,400 | $1.2M | Add +558.7% |
| DOW Dow Inc. filed as DOW HLDGS INC | 1.14% | 44,100 | $1.2M | New |
| FIS Fidelity National Info Serv | 1.06% | 28,800 | $1.1M | Add +169.2% |
| SMCI Super Micro Computer Inc. | 1.05% | 37,900 | $1.1M | Reduce -32.4% |
| NWS News Corp. Class B | 1.00% | 37,600 | $1.1M | Reduce -29.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.99% | 74,900 | $1.0M | New |
| HCA HCA Healthcare Inc. | 0.98% | 2,640 | $1.0M | Add +340.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.98% | 20,400 | $1.0M | New |
| PYPL PayPal Holdings Inc. | 0.96% | 23,500 | $1.0M | Reduce -39.9% |
| ALL Allstate Corp. | 0.88% | 3,900 | $928K | New |
| CTSH Cognizant Tech Solutions-A | 0.83% | 22,500 | $871K | Reduce -4.3% |
| ACGL Arch Capital Group Ltd. | 0.79% | 8,600 | $835K | New |
| NI Nisource Inc. | 0.78% | 17,400 | $827K | Reduce -49.1% |
| DG Dollar General Corp. | 0.75% | 6,900 | $794K | New |
| EXC Exelon Corp. | 0.75% | 17,000 | $793K | Reduce -52.9% |
| FISV Fiserv Inc. | 0.73% | 15,800 | $775K | Add +829.4% |
| CSGP Costar Group Inc. | 0.63% | 23,500 | $666K | New |
| KR Kroger Co. | 0.61% | 11,600 | $644K | New |
| RF Regions Financial Corp. | 0.61% | 21,300 | $643K | Reduce -61.5% |
| DGX Quest Diagnostics Inc. | 0.60% | 3,000 | $636K | Add +1400.0% |
| CAH Cardinal Health Inc. | 0.56% | 2,500 | $594K | Add +2400.0% |
| DVN Devon Energy Corp. | 0.55% | 14,100 | $583K | New |
| PNR Pentair PLC | 0.54% | 7,400 | $567K | Add +111.4% |
| KHC The Kraft Heinz Co. | 0.54% | 24,000 | $567K | Add +2300.0% |
| STZ Constellation Brands Inc. Class A | 0.53% | 4,000 | $556K | New |
| APTV Aptiv PLC | 0.51% | 8,700 | $534K | Add +248.0% |
| T AT&T Inc. | 0.47% | 24,100 | $499K | New |
| BCE Bce Inc. | 0.44% | 15,100 | $461K | New |
| SYY Sysco Corp. | 0.41% | 5,200 | $435K | New |
| RJF Raymond James Financial Inc. | 0.39% | 2,700 | $410K | Reduce -71.0% |
| AMP Ameriprise Financial Inc. | 0.33% | 760 | $349K | Add +1800.0% |
| BKR Baker Hughes Co. | 0.31% | 5,800 | $322K | New |
| CBRE CBRE Group Inc. Class A | 0.23% | 1,800 | $242K | New |
| KIM Kimco Realty Corp. | 0.22% | 9,000 | $228K | New |
| GEHC GE Healthcare Technology | 0.21% | 3,400 | $218K | Add +580.0% |
| ALLE Allegion PLC | 0.17% | 1,300 | $183K | No change |
| PTC PTC Inc. | 0.16% | 1,500 | $170K | Reduce -85.6% |
| ON On Semiconductor | 0.15% | 1,700 | $161K | Add +142.9% |
| FTV Fortive Corp. | 0.12% | 2,100 | $128K | Reduce -59.6% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.12% | 1,600 | $126K | New |
| CNP Centerpoint Energy Inc. | 0.12% | 2,800 | $123K | Add +64.7% |
| NEM Newmont Corp. | 0.12% | 1,300 | $121K | New |
| KMI Kinder Morgan Inc. | 0.11% | 3,500 | $112K | New |
| USB US Bancorp | 0.10% | 1,800 | $109K | Add +80.0% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 1,800 | $104K | Add +63.6% |
| QSR Restaurant Brands Intern | 0.10% | 1,000 | $103K | New |
| KDP Keurig Dr Pepper Inc. | 0.09% | 3,000 | $98K | New |
| ES Eversource Energy | 0.09% | 1,300 | $94K | Add +62.5% |
| ROL Rollins Inc. | 0.09% | 2,200 | $92K | Reduce -52.2% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.08% | 600 | $83K | New |
| FNF Fidelity National Financial | 0.08% | 1,700 | $80K | Reduce -93.8% |
Portfolio Sells Q1 2026 → Q2 2026
| DELL Dell Technologies -C | Sold out | 0.00% | −2.19 |
| CLS Celestica Inc. | Sold out | 0.00% | −1.84 |
| OTEX Open Text Corp. | Sold out | 0.00% | −1.81 |
| TWLO Twilio Inc. Class A | Reduce -98.7% | 0.04% | −1.79 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −1.69 |
| NTAP Netapp Inc. | Sold out | 0.00% | −1.65 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −1.58 |
| TRMB Trimble Inc. | Sold out | 0.00% | −1.58 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −1.58 |
| DSGX The Descartes Systems Grp | Sold out | 0.00% | −1.56 |
| OKTA Okta Inc. | Sold out | 0.00% | −1.48 |
| FWONA Liberty Media Corp. Class A | Sold out | 0.00% | −1.41 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −1.38 |
| CDW CDW Corp. | Sold out | 0.00% | −1.32 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −1.25 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −1.25 |
| PTC PTC Inc. | Reduce -85.6% | 0.16% | −1.20 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −1.14 |
| CEG Constellation Energy | Sold out | 0.00% | −1.12 |
| FNF Fidelity National Financial | Reduce -93.8% | 0.08% | −1.08 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −1.05 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −1.02 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.00 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.92 |
| EXC Exelon Corp. | Reduce -52.9% | 0.75% | −0.88 |
| RJF Raymond James Financial Inc. | Reduce -71.0% | 0.39% | −0.85 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.85 |
| BR Broadridge Financial Solutio | Reduce -91.7% | 0.06% | −0.83 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.82 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.75 |
| RF Regions Financial Corp. | Reduce -61.5% | 0.61% | −0.72 |
| NI Nisource Inc. | Reduce -49.1% | 0.78% | −0.68 |
| PYPL PayPal Holdings Inc. | Reduce -39.9% | 0.96% | −0.66 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.53 |
| CNA Cna Financial Corp. | Sold out | 0.00% | −0.51 |
| CTSH Cognizant Tech Solutions-A | Reduce -4.3% | 0.83% | −0.50 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.48 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.44 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.43 |
| NWS News Corp. Class B | Reduce -29.3% | 1.00% | −0.39 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.36 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.34 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.34 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.33 |
| PCG P G & E Corp. | Reduce -17.6% | 1.35% | −0.31 |
| MET Metlife Inc. | Sold out | 0.00% | −0.31 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.29 |
| DOCU Docusign Inc. | Reduce -16.2% | 1.24% | −0.29 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.28 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.28 |
Portfolio Buys Q1 2026 → Q2 2026
| BALL Ball Corp. | New | 2.07% | +2.07 |
| MGA Magna International Inc. | New | 1.96% | +1.96 |
| CFG Citizens Financial Group | Add +2372.7% | 1.81% | +1.75 |
| COO The Cooper Cos Inc. | New | 1.73% | +1.73 |
| KEY Keycorp | Add +2381.3% | 1.74% | +1.68 |
| LUV Southwest Airlines Co. | Add +3090.9% | 1.71% | +1.67 |
| IP International Paper Co. | New | 1.65% | +1.65 |
| WY Weyerhaeuser Co. | New | 1.65% | +1.65 |
| MCHP Microchip Technology Inc. | New | 1.55% | +1.55 |
| KVUE Kenvue Inc. | New | 1.55% | +1.55 |
| EXE Expand Energy Corp. | New | 1.54% | +1.54 |
| TSN Tyson Foods Inc. Class A | New | 1.53% | +1.53 |
| DD Dupont DE Nemours Inc. | New | 1.50% | +1.50 |
| CNC Centene Corp. | Add +225.8% | 1.77% | +1.50 |
| EQT Eqt Corp. | New | 1.44% | +1.44 |
| Z Zillow Group Inc. Class C | New | 1.30% | +1.30 |
| FE Firstenergy Corp. | New | 1.29% | +1.29 |
| HAL Halliburton Co. | New | 1.28% | +1.28 |
| ZG Zillow Group Inc. Class A | New | 1.23% | +1.23 |
| LYB Lyondellbasell Indu Class A | New | 1.20% | +1.20 |
| DOW Dow Inc. | New | 1.14% | +1.14 |
| F Ford Motor Co. | New | 0.99% | +0.99 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.98% | +0.98 |
| INCY Incyte Corp. | Add +63.0% | 1.89% | +0.96 |
| CMCSA Comcast Corp. Class A | Add +558.7% | 1.15% | +0.95 |
| RPRX Royalty Pharma PLC Class A | Add +235.3% | 1.21% | +0.91 |
| ALL Allstate Corp. | New | 0.88% | +0.88 |
| LDOS Leidos Holdings Inc. | Add +374.1% | 1.25% | +0.86 |
| ACGL Arch Capital Group Ltd. | New | 0.79% | +0.79 |
| DG Dollar General Corp. | New | 0.75% | +0.75 |
| HCA HCA Healthcare Inc. | Add +340.0% | 0.98% | +0.72 |
| FISV Fiserv Inc. | Add +829.4% | 0.73% | +0.65 |
| CSGP Costar Group Inc. | New | 0.63% | +0.63 |
| KR Kroger Co. | New | 0.61% | +0.61 |
| FIS Fidelity National Info Serv | Add +169.2% | 1.06% | +0.60 |
| DGX Quest Diagnostics Inc. | Add +1400.0% | 0.60% | +0.57 |
| DVN Devon Energy Corp. | New | 0.55% | +0.55 |
| CAH Cardinal Health Inc. | Add +2400.0% | 0.56% | +0.54 |
| STZ Constellation Brands Inc. Class A | New | 0.53% | +0.53 |
| EQH Equitable Holdings Inc. | Add +17.9% | 1.70% | +0.52 |
| KHC The Kraft Heinz Co. | Add +2300.0% | 0.54% | +0.52 |
| T AT&T Inc. | New | 0.47% | +0.47 |
| NWSA News Corp. Class A | Add +54.8% | 1.22% | +0.45 |
| BCE Bce Inc. | New | 0.44% | +0.44 |
| PINS Pinterest Inc. Class A | Add +15.5% | 1.56% | +0.42 |
| SYY Sysco Corp. | New | 0.41% | +0.41 |
| APTV Aptiv PLC | Add +248.0% | 0.51% | +0.35 |
| AMP Ameriprise Financial Inc. | Add +1800.0% | 0.33% | +0.31 |
| BKR Baker Hughes Co. | New | 0.31% | +0.31 |
| TXT Textron Inc. | Add +11.7% | 1.58% | +0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 110 | $105.4M | BALL, MGA, INCY, FLEX, HPE |
| Q1 2026 | 156 | $108.8M | DELL, CLS, TWLO, OTEX, HPE |
| Q4 2025 | 251 | $105.1M | CNC, TWLO, ZM, PCG, GM |
| Q3 2025 | 144 | $102.1M | HPE, FLEX, LDOS, UAL, TXT |
| Q2 2025 | 99 | $92.5M | FLEX, APP, NTRS, WAB, CAH |
| Q1 2025 | 141 | $87.6M | RSG, CBOE, COR, SPOT, WMB |
| Q4 2024 | 135 | $86.6M | APP, AXON, WMT, CMG, APH |