Railway Pension Investments Ltd
Sector Allocation
- Technology52.6%$4.2B
- Healthcare13.7%$1.1B
- Consumer Discretionary7.9%$627.9M
- Financials7.8%$618.8M
- Utilities5.6%$445.2M
- Industrials4.4%$352.6M
- Consumer Staples2.9%$232.3M
- Real Estate2.1%$170.9M
- Energy2.0%$159.2M
- Communication Services0.6%$48.0M
AUM History
13fpro.ai/research/fund/railway-pension-investments-ltd-1658020
Conviction and streaks
Concentrating · top 10 = 38.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
NVDA
$471.5MAAPL
$382.2MGOOGL
$332.0MLRCX
$327.0MAVGO
$321.9MKLAC
$279.6MAMZN
$237.4MMSFT
$230.2MTXN
$226.6MV
$215.7MANET
$201.3MABBV
$199.5MBAC
$198.6MMETA
$192.8MNEE
$180.5MTMO
$180.0MEQIX
$170.9MJNJ
$165.1MGILD
$163.7MCEG
$154.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/railway-pension-investments-ltd-1658020
Railway Pension Investments Ltd 13F holdings — Q2 2026
$8.0B portfolio (+13.2% QoQ) · 102 holdings · Q2 2026 13F · top 10 are 38% of the stock portfolio
$471.5M
5.9% of stocks
+67%This quarter-4.1%Since filed4 qtrsHeld$382.2M
4.8% of stocks
+94%This quarter+12.4%Since filed9+ qtrsHeld$332.0M
4.2% of stocks
+1.0%This quarter-8.5%Since filed9+ qtrsHeld$327.0M
4.1% of stocks
-23%This quarter-28.5%Since filed3 qtrsHeld$321.9M
4.0% of stocks
+13%This quarter-16.2%Since filed9+ qtrsHeld$279.6M
3.5% of stocks
+960%This quarter-26.8%Since filed4 qtrsHeld$237.4M
3.0% of stocks
-11%This quarter-5.2%Since filed9+ qtrsHeld$230.2M
2.9% of stocks
-39%This quarter+7.5%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$226.6M
2.9% of stocks
-23%This quarter+6.6%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$215.7M
2.7% of stocks
+12%This quarter+11.0%Since filed9+ qtrsHeld
All holdings — Railway Pension Investments Ltd (Q2 2026)
102 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Arista Networks, Inc. | Technology | $201.3M | 2.5% | 1.18M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | AbbVie Inc. | Healthcare | $199.5M | 2.5% | 793K | -1.0% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | BANK OF AMERICA CORP /DE/ | Financials | $198.6M | 2.5% | 3.49M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Meta Platforms, Inc. | Technology | $192.8M | 2.4% | 342K | -14% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NEXTERA ENERGY INC | Utilities | $180.5M | 2.3% | 2.06M | -12% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | THERMO FISHER SCIENTIFIC INC. | Healthcare | $180.0M | 2.3% | 359K | -12% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | EQUINIX INC | Real Estate | $170.9M | 2.1% | 164K | -21% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | JOHNSON & JOHNSON | Healthcare | $165.1M | 2.1% | 650K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | GILEAD SCIENCES, INC. | Healthcare | $163.7M | 2.1% | 1.30M | -0.6% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Constellation Energy Corp | Utilities | $154.2M | 1.9% | 621K | -2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | AMPHENOL CORP /DE/ | Technology | $151.1M | 1.9% | 857K | +1% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | QUALCOMM INC/DE | Technology | $149.2M | 1.9% | 807K | -14% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Mastercard Inc | Financials | $148.8M | 1.9% | 290K | -1.0% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Cheniere Energy, Inc. | Energy | $140.1M | 1.8% | 586K | -31% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | CISCO SYSTEMS, INC. | Technology | $138.0M | 1.7% | 1.18M | +3% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $SYK | STRYKER CORP | Healthcare | $128.4M | 1.6% | 408K | -17% | |||
| 27 | $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | Utilities | $110.4M | 1.4% | 1.36M | -21% | |||
| 28 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $91.0M | 1.1% | 1.26M | -2% | |||
| 29 | $NTAP | NetApp, Inc. | Technology | $82.2M | 1.0% | 531K | +3% | |||
| 30 | $MCK | MCKESSON CORP | Consumer Staples | $81.3M | 1.0% | 108K | -2% | |||
| 31 | $FAST | FASTENAL CO | Industrials | $79.5M | 1.0% | 1.66M | -2% | |||
| 32 | $GWW | W.W. GRAINGER, INC. | Consumer Discretionary | $73.5M | 0.9% | 54K | -2% | |||
| 33 | $PH | Parker-Hannifin Corp | Industrials | $71.8M | 0.9% | 73K | — | |||
| 34 | $EXPE | Expedia Group, Inc. | Consumer Discretionary | $68.7M | 0.9% | 269K | +1% | |||
| 35 | $INSM | INSMED Inc | Healthcare | $64.5M | 0.8% | 605K | New | |||
| 36 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $60.0M | 0.8% | 1.04M | — | |||
| 37 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $54.9M | 0.7% | 146K | +4% | |||
| 38 | $TPR | TAPESTRY, INC. | Consumer Discretionary | $52.2M | 0.7% | 357K | +39% | |||
| 39 | $TT | Trane Technologies plc | Technology | $51.1M | 0.6% | 104K | +131% | |||
| 40 | $ADI | ANALOG DEVICES INC | Technology | $50.0M | 0.6% | 126K | +102% | |||
| 41 | $FTNT | Fortinet, Inc. | Technology | $47.6M | 0.6% | 310K | New | |||
| 42 | $ADBE | ADOBE INC. | Technology | $44.6M | 0.6% | 218K | +146% | |||
| 43 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $40.9M | 0.5% | 270K | +1% | |||
| 44 | $HPQ | HP INC | Technology | $39.2M | 0.5% | 1.79M | +25% | |||
| 45 | $ADSK | Autodesk, Inc. | Technology | $38.9M | 0.5% | 200K | +45% | |||
| 46 | $FFIV | F5, INC. | Technology | $37.9M | 0.5% | 91K | +246% | |||
| 47 | $FTV | Fortive Corp | Industrials | $36.9M | 0.5% | 604K | +55% | |||
| 48 | $WSM | WILLIAMS SONOMA INC | Consumer Discretionary | $36.3M | 0.5% | 156K | — | |||
| 49 | $KEYS | Keysight Technologies, Inc. | Technology | $36.1M | 0.5% | 103K | New | |||
| 50 | $HCA | HCA Healthcare, Inc. | Healthcare | $36.0M | 0.5% | 92K | — | |||
| 51 | $MSI | Motorola Solutions, Inc. | Technology | $35.5M | 0.5% | 86K | — | |||
| 52 | $CRM | Salesforce, Inc. | Technology | $34.9M | 0.4% | 223K | +17% | |||
| 53 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $34.2M | 0.4% | 122K | — | |||
| 54 | $INTU | INTUIT INC. | Technology | $33.4M | 0.4% | 128K | +150% | |||
| 55 | $GEN | Gen Digital Inc. | Technology | $32.9M | 0.4% | 1.32M | +99% | |||
| 56 | $CAH | CARDINAL HEALTH INC | Consumer Staples | $31.1M | 0.4% | 131K | +52% | |||
| 57 | $HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | $30.5M | 0.4% | 92K | +140% | |||
| 58 | $AMGN | AMGEN INC | Healthcare | $30.4M | 0.4% | 84K | — | |||
| 59 | $CTAS | CINTAS CORP | Consumer Discretionary | $30.2M | 0.4% | 178K | — | |||
| 60 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $28.4M | 0.4% | 672K | -5% | |||
| 61 | $OTIS | Otis Worldwide Corp | Industrials | $28.3M | 0.4% | 395K | -4% | |||
| 62 | $PTC | PTC INC. | Technology | $26.7M | 0.3% | 235K | +1421% | |||
| 63 | $ROL | ROLLINS INC | Industrials | $26.5M | 0.3% | 635K | — | |||
| 64 | $ROST | ROSS STORES, INC. | Consumer Discretionary | $24.3M | 0.3% | 114K | +38% | |||
| 65 | $ACN | Accenture plc | Technology | $23.9M | 0.3% | 192K | +113% | |||
| 66 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $23.9M | 0.3% | 45K | -82% | |||
| 67 | $EME | EMCOR Group, Inc. | Industrials | $23.8M | 0.3% | 29K | +13% | |||
| 68 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $23.6M | 0.3% | 87K | +14% | |||
| 69 | $SNA | Snap-on Inc | Industrials | $23.3M | 0.3% | 58K | — | |||
| 70 | $CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | Technology | $19.6M | 0.3% | 505K | +16% | |||
| 71 | $WDAY | Workday, Inc. | Technology | $16.4M | 0.2% | 134K | New | |||
| 72 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $16.4M | 0.2% | 179K | — | |||
| 73 | $CCZ | COMCAST CORP | Communication Services | $16.2M | 0.2% | 658K | -7% | |||
| 74 | $CF | CF Industries Holdings, Inc. | Materials | $16.1M | 0.2% | 149K | -7% | |||
| 75 | $DECK | DECKERS OUTDOOR CORP | Consumer Discretionary | $15.8M | 0.2% | 159K | +609% | |||
| 76 | $TRGP | Targa Resources Corp. | Energy | $15.1M | 0.2% | 57K | New | |||
| 77 | $YUM | YUM BRANDS INC | Consumer Discretionary | $15.1M | 0.2% | 95K | — | |||
| 78 | $DGX | QUEST DIAGNOSTICS INC | Healthcare | $14.0M | 0.2% | 66K | +91% | |||
| 79 | $MTD | METTLER TOLEDO INTERNATIONAL INC/ | Healthcare | $13.9M | 0.2% | 11K | +327% | |||
| 80 | $AME | AMETEK INC/ | Industrials | $13.7M | 0.2% | 57K | +58% | |||
| 81 | $CBOE | Cboe Global Markets, Inc. | Financials | $13.6M | 0.2% | 56K | +49% | |||
| 82 | $TRMB | TRIMBLE INC. | Technology | $13.4M | 0.2% | 262K | — | |||
| 83 | $FNF | Fidelity National Financial, Inc. | Financials | $13.1M | 0.2% | 279K | +190% | |||
| 84 | $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | Industrials | $12.4M | 0.2% | 76K | — | |||
| 85 | $NDSN | NORDSON CORP | Industrials | $10.3M | 0.1% | 34K | New | |||
| 86 | $BNY | Bank of New York Mellon Corp | Financials | $10.2M | 0.1% | 70K | — | |||
| 87 | $VRSN | VERISIGN INC/CA | Technology | $10.1M | 0.1% | 40K | — | |||
| 88 | $VLTO | Veralto Corp | Technology | $9.8M | 0.1% | 111K | — | |||
| 89 | $VRSK | Verisk Analytics, Inc. | Technology | $9.7M | 0.1% | 54K | -12% | |||
| 90 | $RMD | RESMED INC | Healthcare | $9.5M | 0.1% | 49K | +406% | |||
| 91 | $L | LOEWS CORP | Financials | $7.2M | 0.1% | 63K | -16% | |||
| 92 | $ALL | ALLSTATE CORP | Financials | $7.1M | 0.1% | 30K | New | |||
| 93 | $RPM | RPM INTERNATIONAL INC/DE/ | Materials | $7.0M | 0.1% | 63K | New | |||
| 94 | $MNST | Monster Beverage Corp | Consumer Staples | $6.2M | 0.1% | 65K | — | |||
| 95 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $4.6M | 0.1% | 14K | -23% | |||
| 96 | $PM | Philip Morris International Inc. | Consumer Staples | $4.2M | 0.1% | 23K | — | |||
| 97 | $MPC | Marathon Petroleum Corp | Energy | $3.9M | 0.1% | 15K | New | |||
| 98 | $FOXA | Fox Corp | Communication Services | $3.4M | 0.0% | 65K | — | |||
| 99 | $DPZ | DOMINOS PIZZA INC | Consumer Discretionary | $2.9M | 0.0% | 9,700 | — | |||
| 100 | $BR | BROADRIDGE FINANCIAL SOLUTIONS, INC. | Industrials | $2.4M | 0.0% | 18K | — | |||
| 101 | $KR | KROGER CO | Consumer Staples | $2.1M | 0.0% | 37K | — | |||
| 102 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $1.7M | 0.0% | 2,190 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 12 new, 38 added to, 28 trimmed, 13 sold out. Share-count changes; largest moves by dollar size first.
New positions (12)
first bought this quarter
first bought this quarter
$INSMINSMED Inc$64.5M
first bought this quarter
$FTNTFortinet, Inc.$47.6M
first bought this quarter
$KEYSKeysight Technologies, Inc.$36.1M
first bought this quarter
$WDAYWorkday, Inc.$16.4M
first bought this quarter
+6 more in the Excel export
Added to (38)
now $279.6M · held 4 qtrs
now $471.5M · held 4 qtrs
now $382.2M · held 9+ qtrs
now $321.9M · held 9+ qtrs
$TTTrane Technologies plc+131%
now $51.1M · held 9+ qtrs
$FFIVF5, INC.+246%
now $37.9M · held 9+ qtrs
+32 more in the Excel export
Trimmed (28)
now $230.2M · held 9+ qtrs, 2 trims in a row
$IDXXIDEXX LABORATORIES INC /DE-82%
now $23.9M · held 9+ qtrs, 2 trims in a row
now $327.0M · held 3 qtrs, 2 trims in a row
now $226.6M · held 9+ qtrs, 2 trims in a row
$LNGCheniere Energy, Inc.-31%
now $140.1M · held 9+ qtrs, 2 trims in a row
now $170.9M · held 9+ qtrs, 2 trims in a row
+22 more in the Excel export
Sold out (13)
$PANWPalo Alto Networks Incwas $157.6M
held 8+ qtrs
$ORLYO REILLY AUTOMOTIVE INCwas $106.7M
held 8+ qtrs
$NOWServiceNow, Inc.was $93.3M
held 8+ qtrs
$BKNGBooking Holdings Inc.was $48.3M
held 8+ qtrs
$WMTWalmart Inc.was $42.3M
held 8+ qtrs
$MARMARRIOTT INTERNATIONAL INC /MD/was $34.9M
+7 more in the Excel export
Holdings by quarter
Every 13F Railway Pension Investments Ltd has filed, 31 earlier quarters. Pick one to see what it held then.
Is it too late to follow Railway Pension Investments Ltd?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Railway Pension Investments Ltd's top 20 holdings: 76/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
-5.8%
Value-weighted move of the 10 largest stock positions
Turnover
17%
Last quarter; 62% over the last 4
Top 10 weight
38%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
85%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Railway Pension Investments Ltd disclosed 102 positions worth $8.0B in its Form 13F-HR for Q2 2026, led by $NVDA (NVIDIA CORP) at 5.9% of the equity portfolio, followed by $AAPL and $GOOGL. During the quarter the fund opened 12 new positions and exited 13 — including a new stake in $ANET and a full exit from $PANW. The portfolio is most concentrated in Technology (52.6% of disclosed assets). All figures are sourced directly from Railway Pension Investments Ltd’s Form 13F-HR filing with the SEC under CIK 1658020.
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Every holding in Railway Pension Investments Ltd's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.