Local Pensions Partnership Investment Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Local Pensions Partnership Investment Ltd reported 32 stock positions worth $5.7 billion. Its top holding was Alphabet Class A (GOOGL) at 11.1% of the portfolio, followed by Microsoft (MSFT, 8.4%) and Visa Class A (V, 7.8%). Compared with Q3 2025, it sold out of 1, added to 4 and reduced 13. The biggest buy was CDW (CDW, shares +8%) and the biggest sale AutoZone (AZO, shares −5%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001698810
Portfolio Value
$5.7B (Q4 2025)
SEC Filing
0001698810-26-000003 ↗ filed Jan 27, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q4 2024: $5.4B Q4 2024 Q1 2025: $5.0B Q1 2025 Q2 2025: $5.4B Q2 2025 Q3 2025: $5.9B Q3 2025 Q4 2025: $5.7B $5.7B Q4 2025 Q1 2026: $4.6B Q1 2026 Q2 2026: $4.8B Q2 2026

Holdings 32 stocks · $5.7B
GOOGL Alphabet Inc. Class A 11.05% 2,005,645 $627.7M Reduce -6.8%
MSFT Microsoft Corp. 8.41% 987,649 $477.7M No change
V Visa Inc. Class A 7.82% 1,266,160 $444.3M No change
HEI.A Heico Corp. Class A 5.62% 1,264,905 $319.5M Reduce -1.4%
APH Amphenol Corp. Class A 5.34% 2,244,600 $303.4M Reduce -20.5%
AMZN Amazon.com Inc. 5.05% 1,243,000 $286.9M No change
KLAC KLA Corp. 4.46% 208,700 $253.5M Reduce -18.3%
MCO Moody's Corp. 4.19% 465,868 $238.0M No change
CDNS Cadence Design SYS Inc. 4.14% 752,800 $235.3M Reduce -2.6%
BKNG Booking Holdings Inc. 4.13% 43,796 $234.5M No change
AAPL Apple Inc. 4.12% 860,880 $234.1M Reduce -7.6%
ADSK Autodesk Inc. 3.93% 754,500 $223.4M No change
TMO Thermo Fisher Scientific Inc. 3.67% 360,005 $208.6M Reduce -3.1%
TYL Tyler Technologies Inc. 3.51% 439,292 $199.4M Add +6.2%
INTU Intuit Inc. 3.49% 299,281 $198.3M No change
AZO AutoZone Inc. 3.46% 57,997 $196.7M Reduce -4.5%
ADP Automatic Data Processing 3.27% 721,272 $185.6M No change
TXN Texas Instruments Inc. 3.06% 1,000,281 $173.5M Reduce -7.5%
COST Costco Wholesale Corp. 2.42% 159,400 $137.4M No change
NKE Nike Inc. Class B 2.08% 1,849,461 $117.9M No change
MSCI MSCI Inc. 0.79% 78,379 $45.0M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.76% 236,285 $43.1M No change
IDXX Idexx Laboratories Inc. 0.75% 62,826 $42.5M Reduce -13.1%
CDW CDW Corp. 0.60% 249,176 $33.9M Add +7.8%
ROL Rollins Inc. 0.60% 563,719 $33.8M Reduce -5.5%
WST West Pharmaceutical Services 0.59% 120,880 $33.3M Reduce -4.3%
BRO Brown & Brown Inc. 0.57% 406,000 $32.4M Add +4.4%
VEEV Veeva Systems Inc. Class A 0.53% 135,500 $30.2M Add +12.4%
CNM Core & Main Inc. Class A 0.50% 543,000 $28.2M No change
MANH Manhattan Associates Inc. 0.42% 138,500 $24.0M No change
MEDP Medpace Holdings Inc. 0.38% 38,000 $21.3M Reduce -15.6%
SPSC SPS Commerce Inc. 0.29% 185,500 $16.5M No change

Portfolio Sells Q3 2025 → Q4 2025
AZO AutoZone Inc. Reduce -4.5% 3.46% −0.98
APH Amphenol Corp. Class A Reduce -20.5% 5.34% −0.62
CDNS Cadence Design SYS Inc. Reduce -2.6% 4.14% −0.48
TXN Texas Instruments Inc. Reduce -7.5% 3.06% −0.33
SITE Siteone Landscape Supply Inc. Sold out 0.00% −0.31
KLAC KLA Corp. Reduce -18.3% 4.46% −0.23
IDXX Idexx Laboratories Inc. Reduce -13.1% 0.75% −0.04
MEDP Medpace Holdings Inc. Reduce -15.6% 0.38% −0.02
ROL Rollins Inc. Reduce -5.5% 0.60% −0.00
WST West Pharmaceutical Services Reduce -4.3% 0.59% +0.02
HEI.A Heico Corp. Class A Reduce -1.4% 5.62% +0.07
AAPL Apple Inc. Reduce -7.6% 4.12% +0.08
TMO Thermo Fisher Scientific Inc. Reduce -3.1% 3.67% +0.60
GOOGL Alphabet Inc. Class A Reduce -6.8% 11.05% +2.13

Portfolio Buys Q3 2025 → Q4 2025
CDW CDW Corp. Add +7.8% 0.60% −0.03
BRO Brown & Brown Inc. Add +4.4% 0.57% −0.05
VEEV Veeva Systems Inc. Class A Add +12.4% 0.53% −0.08
TYL Tyler Technologies Inc. Add +6.2% 3.51% −0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 32$4.8BGOOGL, KLAC, V, APH, HEI.A
Q1 2026 32$4.6BGOOGL, V, MSFT, HEI.A, KLAC
Q4 2025 32$5.7BGOOGL, MSFT, V, HEI.A, APH
Q3 2025 33$5.9BGOOGL, MSFT, V, APH, HEI.A
Q2 2025 35$5.4BMSFT, V, GOOGL, HEI.A, APH
Q1 2025 35$5.0BV, MSFT, GOOGL, HEI.A, AZO
Q4 2024 36$5.4BGOOGL, V, MSFT, BKNG, MCO