PBU - The Pension Fund of Early Childhood & Youth Educators
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed April 10, 2026), PBU - The Pension Fund of Early Childhood & Youth Educators reported 206 stock positions worth $6.9 billion. Its top holding was Nvidia (NVDA) at 7.1% of the portfolio, followed by Apple (AAPL, 6.3%) and Microsoft (MSFT, 5.5%).
- Most Recent 13F
- Q2 2026
- Location
- COPENHAGEN, G7
- CIK
- 0002103310
- Portfolio Value
- $6.9B (Q4 2025)
- SEC Filing
- 0002103310-26-000007 ↗ filed Apr 10, 2026
Holdings Value
Holdings 206 stocks · $6.9B
| NVDA Nvidia Corp. | 7.15% | 2,643,215 | $493.0M | — |
| AAPL Apple Inc. | 6.28% | 1,593,166 | $433.1M | — |
| MSFT Microsoft Corp. | 5.51% | 786,011 | $380.1M | — |
| GOOGL Alphabet Inc. Class A | 5.06% | 1,114,643 | $348.9M | — |
| META Meta Platforms Inc. Class A | 3.54% | 369,620 | $244.0M | — |
| AVGO Broadcom Inc. | 3.21% | 640,106 | $221.5M | — |
| JPM JPMorgan Chase & Co. | 2.06% | 440,002 | $141.8M | — |
| V Visa Inc. Class A | 1.85% | 364,394 | $127.8M | — |
| COST Costco Wholesale Corp. | 1.68% | 134,007 | $115.6M | — |
| LLY Eli Lilly & Co. | 1.57% | 100,958 | $108.5M | — |
| KLAC KLA Corp. | 1.43% | 81,105 | $98.5M | — |
| LRCX Lam Research Corp. | 1.43% | 574,700 | $98.4M | — |
| MRK Merck & Co. Inc. | 1.18% | 775,966 | $81.7M | — |
| GOOG Alphabet Inc. Class C | 1.13% | 249,330 | $78.2M | — |
| MA Mastercard Inc. Class A | 1.09% | 132,129 | $75.4M | — |
| NEM Newmont Corp. | 1.09% | 754,184 | $75.3M | — |
| TTE Totalenergies SE | 1.08% | 1,142,166 | $74.6M | — |
| AMAT Applied Materials Inc. | 1.07% | 286,742 | $73.7M | — |
| HD Home Depot Inc. | 1.07% | 213,620 | $73.5M | — |
| NFLX Netflix Inc. | 1.04% | 766,730 | $71.9M | — |
| TT Trane Technologies PLC | 0.98% | 173,568 | $67.6M | — |
| ANET Arista Networks Inc. | 0.97% | 512,794 | $67.2M | — |
| EBAY eBay Inc. | 0.95% | 754,732 | $65.7M | — |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.95% | 425,968 | $65.4M | — |
| ORCL Oracle Corp. | 0.89% | 315,863 | $61.6M | — |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 189,691 | $56.2M | — |
| SPGI S&P Global Inc. | 0.81% | 106,838 | $55.8M | — |
| PGR Progressive Corp. | 0.76% | 229,691 | $52.3M | — |
| KO The Coca-Cola Co. | 0.70% | 686,536 | $48.0M | — |
| EME Emcor Group Inc. | 0.67% | 75,580 | $46.2M | — |
| NOW ServiceNow Inc. | 0.67% | 301,265 | $46.2M | — |
| QCOM Qualcomm Inc. | 0.64% | 258,703 | $44.3M | — |
| NTES Netease Inc.-ADR | 0.64% | 321,279 | $44.2M | — |
| JNJ Johnson & Johnson | 0.63% | 210,821 | $43.6M | — |
| TSCO Tractor Supply Company | 0.62% | 853,982 | $42.7M | — |
| CRM Salesforce Inc. | 0.59% | 153,531 | $40.7M | — |
| WFC Wells Fargo & Co. | 0.58% | 427,726 | $39.9M | — |
| MU Micron Technology Inc. | 0.57% | 138,786 | $39.6M | — |
| AXP American Express Co. | 0.56% | 103,756 | $38.4M | — |
| ADI Analog Devices Inc. | 0.50% | 126,604 | $34.3M | — |
| GH Guardant Health Inc. | 0.50% | 335,854 | $34.3M | — |
| AMD Advanced Micro Devices | 0.49% | 158,580 | $34.0M | — |
| HCA HCA Healthcare Inc. | 0.48% | 70,621 | $33.0M | — |
| GM General Motors Co. | 0.47% | 400,336 | $32.6M | — |
| HIG Hartford Insurance Group Inc. | 0.47% | 235,522 | $32.5M | — |
| CMI Cummins Inc. | 0.46% | 61,807 | $31.5M | — |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 277,201 | $31.5M | — |
| CRWD CrowdStrike Holdings Inc. Class A | 0.44% | 64,896 | $30.4M | — |
| ABBV Abbvie Inc. | 0.44% | 131,778 | $30.1M | — |
| ADBE Adobe Inc. | 0.44% | 85,977 | $30.1M | — |
| GE General Electric filed as GE AEROSPACE | 0.43% | 96,989 | $29.9M | — |
| SHOP Shopify Inc. Class A | 0.43% | 182,199 | $29.4M | — |
| PH Parker Hannifin Corp. | 0.42% | 32,971 | $29.0M | — |
| NSC Norfolk Southern Corp. | 0.41% | 98,659 | $28.5M | — |
| PNC PNC Financial Services Group | 0.39% | 128,675 | $26.9M | — |
| ADPT Adaptive Biotechnologies | 0.39% | 1,650,303 | $26.8M | — |
| MS Morgan Stanley | 0.38% | 146,745 | $26.1M | — |
| COF Capital One Financial Corp. | 0.38% | 107,458 | $26.0M | — |
| UBER Uber Technologies Inc. | 0.37% | 313,643 | $25.6M | — |
| PG The Procter & Gamble Co. | 0.37% | 177,414 | $25.4M | — |
| VZ Verizon Communications Inc. | 0.36% | 616,206 | $25.1M | — |
| ADP Automatic Data Processing | 0.35% | 93,821 | $24.1M | — |
| MFC Manulife Financial Corp. | 0.35% | 658,184 | $23.9M | — |
| MELI MercadoLibre Inc. | 0.34% | 11,651 | $23.5M | — |
| ETN Eaton Corp. PLC | 0.34% | 73,490 | $23.4M | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 414,841 | $22.8M | — |
| PEP Pepsico Inc. | 0.33% | 157,452 | $22.6M | — |
| CSCO Cisco Systems Inc. | 0.32% | 289,812 | $22.3M | — |
| TECH Bio-Techne Corp. | 0.32% | 379,367 | $22.3M | — |
| AMP Ameriprise Financial Inc. | 0.32% | 45,474 | $22.3M | — |
| GILD Gilead Sciences Inc. | 0.32% | 180,109 | $22.1M | — |
| UNP Union Pacific Corp. | 0.32% | 94,939 | $22.0M | — |
| URBN Urban Outfitters Inc. | 0.32% | 290,110 | $21.8M | — |
| HLT Hilton Worldwide Holdings Inc. | 0.31% | 74,819 | $21.5M | — |
| BLK BlackRock Inc. | 0.31% | 20,061 | $21.5M | — |
| BN Brookfield Corp. | 0.31% | 466,416 | $21.4M | — |
| SHW The Sherwin-Williams Co. | 0.31% | 65,201 | $21.1M | — |
| C Citigroup Inc. | 0.30% | 179,219 | $20.9M | — |
| CL Colgate-Palmolive Co. | 0.30% | 264,144 | $20.9M | — |
| LOW Lowe's Cos Inc. | 0.30% | 85,524 | $20.6M | — |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 35,566 | $20.6M | — |
| INTU Intuit Inc. | 0.30% | 30,908 | $20.5M | — |
| ACN Accenture PLC Class A | 0.29% | 75,329 | $20.2M | — |
| RY Royal Bank of Canada | 0.29% | 118,167 | $20.2M | — |
| APP AppLovin Corp. Class A | 0.29% | 29,291 | $19.7M | — |
| ROK Rockwell Automation Inc. | 0.29% | 50,547 | $19.7M | — |
| UNH Unitedhealth Group Inc. | 0.28% | 59,132 | $19.5M | — |
| APD Air Products & Chemicals Inc. | 0.28% | 78,354 | $19.4M | — |
| ISRG Intuitive Surgical Inc. | 0.28% | 33,653 | $19.1M | — |
| FERG Ferguson Enterprises Inc. | 0.27% | 85,025 | $18.9M | — |
| STLD Steel Dynamics Inc. | 0.27% | 111,645 | $18.9M | — |
| DHR Danaher Corp. | 0.27% | 81,250 | $18.6M | — |
| ECL Ecolab Inc. | 0.27% | 69,642 | $18.3M | — |
| JCI Johnson Controls Internation | 0.26% | 151,415 | $18.1M | — |
| ROST Ross Stores Inc. | 0.26% | 100,391 | $18.1M | — |
| PINS Pinterest Inc. Class A | 0.26% | 696,450 | $18.0M | — |
| SNPS Synopsys Inc. | 0.26% | 38,125 | $17.9M | — |
| SYY Sysco Corp. | 0.26% | 242,956 | $17.9M | — |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 105,270 | $17.9M | — |
| DXCM Dexcom Inc. | 0.26% | 268,981 | $17.9M | — |
| UBS UBS Group AG-Reg | 0.26% | 379,049 | $17.7M | — |
| HSY The Hershey Co. | 0.25% | 96,029 | $17.5M | — |
| AMGN Amgen Inc. | 0.25% | 52,436 | $17.2M | — |
| BSX Boston Scientific Corp. | 0.24% | 176,015 | $16.8M | — |
| PCAR Paccar Inc. | 0.24% | 151,321 | $16.6M | — |
| GEV GE Vernova Inc. | 0.24% | 25,097 | $16.4M | — |
| CTVA Corteva Inc. | 0.23% | 238,405 | $16.0M | — |
| F Ford Motor Co. filed as FORD MTR CO | 0.23% | 1,203,619 | $15.8M | — |
| TD Toronto-Dominion Bank | 0.23% | 167,004 | $15.8M | — |
| SCHW Schwab (charles) Corp. | 0.22% | 152,845 | $15.3M | — |
| SBUX Starbucks Corp. | 0.22% | 177,502 | $14.9M | — |
| TXN Texas Instruments Inc. | 0.22% | 86,073 | $14.9M | — |
| SYK Stryker Corp. | 0.21% | 41,644 | $14.6M | — |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.20% | 68,127 | $13.7M | — |
| INTC Intel Corp. | 0.20% | 370,393 | $13.7M | — |
| WEC WEC Energy Group Inc. | 0.20% | 129,030 | $13.6M | — |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.20% | 149,429 | $13.6M | — |
| FISV Fiserv Inc. | 0.19% | 199,780 | $13.4M | — |
| DASH DoorDash Inc. Class A | 0.19% | 59,041 | $13.4M | — |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.19% | 102,160 | $13.3M | — |
| DE Deere & Co. | 0.19% | 27,951 | $13.0M | — |
| DAR Darling Ingredients Inc. | 0.19% | 360,707 | $13.0M | — |
| HWM Howmet Aerospace Inc. | 0.19% | 62,972 | $12.9M | — |
| ITW Illinois Tool Works | 0.19% | 52,044 | $12.8M | — |
| ABT Abbott Laboratories | 0.18% | 98,749 | $12.4M | — |
| CNI Canadian Natl Railway Co. | 0.18% | 124,802 | $12.4M | — |
| T AT&T Inc. | 0.18% | 493,718 | $12.3M | — |
| SPOT Spotify Technology SA | 0.18% | 21,084 | $12.2M | — |
| EIX Edison International | 0.17% | 200,343 | $12.0M | — |
| MCD McDonald's Corp. | 0.17% | 39,338 | $12.0M | — |
| WCN Waste Connections Inc. | 0.17% | 67,860 | $11.9M | — |
| MCO Moody's Corp. | 0.17% | 23,030 | $11.8M | — |
| FICO Fair Isaac Corp. | 0.17% | 6,955 | $11.8M | — |
| FOXA Fox Corp. Class A | 0.17% | 160,731 | $11.7M | — |
| KGC Kinross Gold Corp. | 0.17% | 415,552 | $11.7M | — |
| BMY Bristol-Myers Squibb Co. | 0.17% | 217,144 | $11.7M | — |
| CSL Carlisle Cos Inc. | 0.17% | 36,419 | $11.6M | — |
| AON Aon PLC Class A | 0.17% | 32,861 | $11.6M | — |
| SLF Sun Life Financial Inc. | 0.17% | 184,982 | $11.6M | — |
| GLW Corning Inc. | 0.17% | 131,128 | $11.5M | — |
| SNOW Snowflake Inc. | 0.17% | 52,113 | $11.4M | — |
| LIN Linde PLC | 0.17% | 26,689 | $11.4M | — |
| TRV The Travelers Cos Inc. | 0.16% | 39,202 | $11.4M | — |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.16% | 153,616 | $11.3M | — |
| FDX FedEx Corp. | 0.16% | 39,181 | $11.3M | — |
| ULTA Ulta Beauty Inc. | 0.16% | 18,622 | $11.3M | — |
| BDX Becton Dickinson and Co. | 0.16% | 57,719 | $11.2M | — |
| CEG Constellation Energy | 0.16% | 31,375 | $11.1M | — |
| JBL Jabil Inc. | 0.16% | 48,409 | $11.0M | — |
| ALL Allstate Corp. | 0.16% | 52,927 | $11.0M | — |
| MGA Magna International Inc. | 0.16% | 206,054 | $11.0M | — |
| DAL Delta Air Lines Inc. | 0.16% | 156,091 | $10.8M | — |
| CME Cme Group Inc. | 0.16% | 39,353 | $10.7M | — |
| TMUS T-Mobile US Inc. | 0.16% | 52,674 | $10.7M | — |
| TEL Te Connectivity PLC | 0.15% | 46,621 | $10.6M | — |
| MMM 3M Co. | 0.15% | 64,255 | $10.3M | — |
| WM Waste Management Inc. | 0.15% | 46,450 | $10.2M | — |
| REGN Regeneron Pharmaceuticals | 0.15% | 13,213 | $10.2M | — |
| ADSK Autodesk Inc. | 0.15% | 34,448 | $10.2M | — |
| MDT Medtronic PLC | 0.15% | 105,030 | $10.1M | — |
| CALM Cal-Maine Foods Inc. | 0.14% | 125,346 | $10.0M | — |
| CB Chubb Ltd. | 0.14% | 31,697 | $9.9M | — |
| UAL United Airlines Holdings Inc. | 0.14% | 88,193 | $9.9M | — |
| NEE Nextera Energy Inc. | 0.14% | 117,969 | $9.5M | — |
| DRI Darden Restaurants Inc. | 0.14% | 51,338 | $9.4M | — |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.14% | 36,233 | $9.4M | — |
| YUM Yum! Brands Inc. | 0.13% | 61,341 | $9.3M | — |
| HUBS HubSpot Inc. | 0.13% | 22,957 | $9.2M | — |
| KVUE Kenvue Inc. | 0.13% | 527,871 | $9.1M | — |
| ZTS Zoetis Inc. | 0.13% | 72,180 | $9.1M | — |
| NTAP Netapp Inc. | 0.13% | 82,907 | $8.9M | — |
| DECK Deckers Outdoor Corp. | 0.13% | 83,860 | $8.7M | — |
| URI United Rentals Inc. | 0.13% | 10,663 | $8.6M | — |
| ALLE Allegion PLC | 0.12% | 54,020 | $8.6M | — |
| XEL Xcel Energy Inc. | 0.12% | 115,891 | $8.6M | — |
| TDG Transdigm Group Inc. | 0.12% | 6,360 | $8.5M | — |
| CDW CDW Corp. | 0.12% | 61,415 | $8.4M | — |
| PFE Pfizer Inc. | 0.12% | 329,583 | $8.2M | — |
| EXC Exelon Corp. | 0.12% | 187,855 | $8.2M | — |
| WTW Willis Towers Watson PLC | 0.12% | 24,504 | $8.1M | — |
| ED Consolidated Edison Inc. | 0.12% | 79,981 | $7.9M | — |
| RMD Resmed Inc. | 0.12% | 32,933 | $7.9M | — |
| AFL Aflac Inc. | 0.11% | 71,465 | $7.9M | — |
| GIS General Mills Inc. | 0.11% | 167,072 | $7.8M | — |
| D Dominion Energy Inc. | 0.11% | 131,478 | $7.7M | — |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.11% | 96,463 | $7.5M | — |
| DVA Davita Inc. | 0.10% | 63,461 | $7.2M | — |
| WSM Williams-Sonoma Inc. | 0.10% | 39,765 | $7.1M | — |
| FCNCA First Citizens Bcshs Class A | 0.10% | 3,138 | $6.7M | — |
| PAYX Paychex Inc. | 0.10% | 59,970 | $6.7M | — |
| PYPL PayPal Holdings Inc. | 0.10% | 115,170 | $6.7M | — |
| CLS Celestica Inc. | 0.08% | 18,458 | $5.5M | — |
| UTHR United Therapeutics Corp. | 0.07% | 9,857 | $4.8M | — |
| CVNA Carvana Co. | 0.07% | 11,048 | $4.7M | — |
| CHTR Charter Communications Inc. Class A | 0.05% | 18,041 | $3.8M | — |
| COIN Coinbase Global Inc. Class A | 0.05% | 16,484 | $3.7M | — |
| AOS Smith (a.o.) Corp. | 0.05% | 47,042 | $3.1M | — |
| RCL Royal Caribbean Cruises Ltd. | 0.04% | 9,870 | $2.8M | — |
| LULU Lululemon Athletica Inc. | 0.02% | 7,443 | $1.5M | — |
| GWW WW Grainger Inc. | 0.02% | 1,400 | $1.4M | — |
| TGT Target Corp. | 0.02% | 11,721 | $1.1M | — |
| FITB Fifth Third Bancorp | 0.02% | 22,387 | $1.0M | — |
| CMCSA Comcast Corp. Class A | 0.01% | 31,879 | $953K | — |
| PNR Pentair PLC | 0.01% | 8,524 | $888K | — |
| CI The Cigna Group | 0.01% | 3,028 | $833K | — |
| CMG Chipotle Mexican Grill Inc. | 0.01% | 22,457 | $831K | — |
Other holdings (3): bonds, preferreds, convertibles and warrants · $46.9M (not counted above)
Total filed on the 13F, all lines: $6.9B.
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.