Pensioenfonds Rail & Ov
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed September 22, 2026), Pensioenfonds Rail & Ov reported 35 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 9.7% of the portfolio, followed by Analog Devices (ADI, 4.9%) and Amphenol Class A (APH, 4.7%). Compared with Q2 2024, it opened 1 new position, sold out of 2, added to 9 and reduced 15. The biggest buy was Microsoft (MSFT, shares +141%) and the biggest sale an exit from Ulta Beauty (ULTA).
- Most Recent 13F
- Q1 2025
- Location
- UTRECHT, P7
- CIK
- 0001218761
- Portfolio Value
- $1.4B (Q3 2024)
- SEC Filing
- 0001218761-26-000013 ↗ filed Sep 22, 2026
Holdings Value
Holdings 35 stocks · $1.4B
| MSFT Microsoft Corp. | 9.71% | 325,047 | $139.9M | Add +140.7% |
| ADI Analog Devices Inc. | 4.90% | 306,282 | $70.5M | Add +24.4% |
| APH Amphenol Corp. Class A | 4.73% | 1,045,687 | $68.1M | Add +24.1% |
| AXP American Express Co. | 3.77% | 200,179 | $54.3M | Add +22.6% |
| ECL Ecolab Inc. | 3.68% | 207,704 | $53.0M | Add +19.7% |
| MCHP Microchip Technology Inc. | 3.45% | 618,962 | $49.7M | Add +21.6% |
| BKNG Booking Holdings Inc. | 3.39% | 11,592 | $48.8M | Add +26.6% |
| CASY Casey's General Stores Inc. | 3.17% | 121,493 | $45.6M | Reduce -1.5% |
| TXRH Texas Roadhouse Inc. | 3.17% | 258,429 | $45.6M | Reduce -1.5% |
| ICLR Icon PLC | 3.05% | 152,774 | $43.9M | Add +22.6% |
| WWD Woodward Inc. | 2.99% | 251,171 | $43.1M | No change |
| STT State Street Corp. | 2.89% | 470,127 | $41.6M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.89% | 353,854 | $41.6M | No change |
| CDW CDW Corp. | 2.78% | 176,756 | $40.0M | No change |
| OTIS Otis Worldwide Corp. | 2.74% | 379,699 | $39.5M | No change |
| TMO Thermo Fisher Scientific Inc. | 2.72% | 63,396 | $39.2M | Reduce -1.5% |
| TSCO Tractor Supply Company | 2.62% | 129,664 | $37.7M | Reduce -11.6% |
| SYK Stryker Corp. | 2.56% | 101,838 | $36.8M | No change |
| AZO AutoZone Inc. | 2.50% | 11,404 | $35.9M | Reduce -11.1% |
| FDX FedEx Corp. | 2.40% | 126,288 | $34.6M | Reduce -12.4% |
| AON Aon PLC Class A | 2.37% | 98,574 | $34.1M | Reduce -13.3% |
| ACN Accenture PLC Class A | 2.32% | 94,683 | $33.5M | No change |
| PPG PPG Industries Inc. | 2.26% | 246,118 | $32.6M | No change |
| ATO Atmos Energy Corp. | 2.26% | 234,214 | $32.5M | Reduce -23.1% |
| BALL Ball Corp. | 2.19% | 465,107 | $31.6M | Reduce -19.9% |
| AWK American Water Works Co. Inc. | 2.17% | 213,662 | $31.2M | Add +29.5% |
| TTC Toro Co. | 2.14% | 354,652 | $30.8M | No change |
| PEP Pepsico Inc. | 2.10% | 177,386 | $30.2M | Reduce -12.8% |
| COR Cencora Inc. | 2.06% | 132,005 | $29.7M | Reduce -13.9% |
| BDX Becton Dickinson and Co. | 2.06% | 123,104 | $29.7M | Reduce -13.6% |
| NKE Nike Inc. Class B | 1.99% | 323,380 | $28.6M | No change |
| ODFL Old Dominion Freight Line | 1.93% | 139,923 | $27.8M | Reduce -13.8% |
| BAX Baxter International Inc. | 1.93% | 730,472 | $27.7M | Reduce -14.7% |
| DG Dollar General Corp. | 1.27% | 216,559 | $18.3M | Reduce -14.5% |
| LII Lennox International Inc. | 0.84% | 20,000 | $12.1M | New |
Portfolio Sells Q2 2024 → Q3 2024
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −1.92 |
| ALB Albemarle Corp. | Sold out | 0.00% | −1.70 |
| DG Dollar General Corp. | Reduce -14.5% | 1.27% | −1.24 |
| FDX FedEx Corp. | Reduce -12.4% | 2.40% | −0.84 |
| COR Cencora Inc. | Reduce -13.9% | 2.06% | −0.53 |
| BDX Becton Dickinson and Co. | Reduce -13.6% | 2.06% | −0.43 |
| PEP Pepsico Inc. | Reduce -12.8% | 2.10% | −0.42 |
| BALL Ball Corp. | Reduce -19.9% | 2.19% | −0.42 |
| ATO Atmos Energy Corp. | Reduce -23.1% | 2.26% | −0.41 |
| CASY Casey's General Stores Inc. | Reduce -1.5% | 3.17% | −0.36 |
| AZO AutoZone Inc. | Reduce -11.1% | 2.50% | −0.35 |
| TSCO Tractor Supply Company | Reduce -11.6% | 2.62% | −0.35 |
| BAX Baxter International Inc. | Reduce -14.7% | 1.93% | −0.22 |
| ODFL Old Dominion Freight Line | Reduce -13.8% | 1.93% | −0.22 |
| TXRH Texas Roadhouse Inc. | Reduce -1.5% | 3.17% | −0.21 |
| AON Aon PLC Class A | Reduce -13.3% | 2.37% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.5% | 2.72% | +0.05 |
Portfolio Buys Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Add +140.7% | 9.71% | +5.19 |
| AXP American Express Co. | Add +22.6% | 3.77% | +0.94 |
| LII Lennox International Inc. | New | 0.84% | +0.84 |
| ADI Analog Devices Inc. | Add +24.4% | 4.90% | +0.68 |
| BKNG Booking Holdings Inc. | Add +26.6% | 3.39% | +0.67 |
| ECL Ecolab Inc. | Add +19.7% | 3.68% | +0.59 |
| AWK American Water Works Co. Inc. | Add +29.5% | 2.17% | +0.57 |
| APH Amphenol Corp. Class A | Add +24.1% | 4.73% | +0.48 |
| ICLR Icon PLC | Add +22.6% | 3.05% | +0.12 |
| MCHP Microchip Technology Inc. | Add +21.6% | 3.45% | −0.04 |