Q2 2026 13F · SEC CIK 2041021

Board of the Pension Protection Fund

Pension fundFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $105.4M
Reported positions: 110
Holdings vs S&P 500, 3 yrs: —
Average holding period: 2 qtrs

Board of the Pension Protection Fund is a pension fund that reported 110 positions worth $105.4M in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Ball Corp (BALL, 2.1%), Magna Intl Inc (MGA, 2.0%), Incyte Corp (INCY, 1.9%).

Board of the Pension Protection Fund holdings largest 50 of 110 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Board of the Pension Protection Fund 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BALLBall Corp	2.1%	—	35,000	—	$2.2M
MGAMagna Intl Inc	2.0%	—	22,200	—	$2.1M
INCYIncyte Corp	1.9%	—	17,600	—	$2.0M
FLEXFlex Ltd	1.9%	1.6%	12,300	-54.3%	$2.0M
HPEHewlett Packard Enterprise	1.8%	1.8%	42,800	-48.2%	$1.9M
CFGCitizens Finl Group Inc	1.8%	—	27,200	—	$1.9M
GIBCgi Inc	1.8%	1.8%	20,600	+7.3%	$1.9M
CNCCentene Corp Del	1.8%	—	29,000	—	$1.9M
KEYKeycorp	1.7%	—	79,400	—	$1.8M
COOCooper Cos Inc	1.7%	—	25,400	—	$1.8M
LLoews Corp	1.7%	1.5%	16,000	+6.0%	$1.8M
LUVSouthwest Airls Co	1.7%	—	35,100	—	$1.8M
EIXEdison Intl	1.7%	1.8%	24,100	-9.1%	$1.8M
EQHEquitable Hldgs Inc	1.7%	1.2%	40,800	+17.9%	$1.8M
UALUnited Airls Hldgs Inc	1.7%	1.2%	12,900	-8.5%	$1.8M
SYFSynchrony Financial	1.7%	1.4%	23,000	+1.3%	$1.7M
IPInternational Paper Co	1.7%	—	45,700	—	$1.7M
WYWeyerhaeuser Co	1.6%	—	72,500	—	$1.7M
TXTTextron Inc	1.6%	1.3%	18,200	+11.7%	$1.7M
PINSPinterest Inc	1.6%	1.1%	78,300	+15.5%	$1.6M
MCHPMicrochip Tech Inc	1.5%	—	17,900	—	$1.6M
KVUEKenvue Inc.	1.5%	—	85,400	—	$1.6M
EXEExpand Energy Corporation	1.5%	—	17,800	—	$1.6M
TSNTyson Foods Inc	1.5%	—	28,200	—	$1.6M
DDDupont de Nemours Inc	1.5%	—	11,700	—	$1.6M
GPNGlobal Pmts Inc	1.5%	1.5%	21,600	-11.8%	$1.6M
OMCOmnicom Group Inc	1.5%	1.6%	21,500	-4.4%	$1.6M
HIGHartford Insurance Group, Inc.	1.5%	1.4%	11,600	+6.4%	$1.5M
DALDelta Air Lines Inc Com New	1.5%	1.4%	16,400	-27.1%	$1.5M
GENGen Digital Inc	1.4%	1.3%	61,400	-16.8%	$1.5M
EQTEQT Corp	1.4%	—	28,600	—	$1.5M
CINFCincinnati Financial Corporation	1.4%	1.4%	8,100	-13.8%	$1.5M
PCGPg&e Corp	1.4%	1.7%	84,700	-17.6%	$1.4M
LVSLas Vegas Sands Corp	1.3%	1.5%	30,500	+3.4%	$1.4M
ZZillow Group Inc	1.3%	—	43,600	—	$1.4M
SSNCSs&c Tech Hldgs	1.3%	1.4%	22,000	-3.9%	$1.4M
FEFirstenergy Corp	1.3%	—	28,700	—	$1.4M
HALHalliburton Co	1.3%	—	39,900	—	$1.4M
FOXFox Corporation	1.3%	1.3%	28,500	+9.2%	$1.3M
FOXAFox Corp	1.3%	1.3%	25,400	+9.0%	$1.3M
LDOSLeidos Holdings Inc	1.3%	—	12,800	—	$1.3M
GDDYGodaddy Inc	1.2%	1.3%	15,500	-10.4%	$1.3M
HPQHp Inc	1.2%	1.2%	59,900	-10.1%	$1.3M
DOCUDocusign, Inc.	1.2%	1.5%	29,500	-16.2%	$1.3M
ZGZillow Group Inc	1.2%	—	41,300	—	$1.3M
NWSANews Corp New	1.2%	—	52,000	—	$1.3M
RPRXRoyalty Pharma PLC	1.2%	—	22,800	—	$1.3M
LYBLyondellBasell Industries NV	1.2%	—	24,100	—	$1.3M
AIGAmerican International Group I	1.2%	—	16,400	—	$1.2M
CMCSAComcast Corp New	1.1%	—	49,400	—	$1.2M

What Board of the Pension Protection Fund bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

EQH Equitable Hldgs Inc+17.9% shares
PINS Pinterest Inc+15.5% shares
TXT Textron Inc+11.7% shares
FOX Fox Corporation+9.2% shares
FOXA Fox Corp+9.0% shares
GIB Cgi Inc+7.3% shares
HIG Hartford Insurance Group, Inc.+6.4% shares
L Loews Corp+6.0% shares

Reduced

FLEX Flex Ltd-54.3% shares
HPE Hewlett Packard Enterprise-48.2% shares
DAL Delta Air Lines Inc Com New-27.1% shares
PCG Pg&e Corp-17.6% shares
GEN Gen Digital Inc-16.8% shares
DOCU Docusign, Inc.-16.2% shares
CINF Cincinnati Financial Corporation-13.8% shares
GPN Global Pmts Inc-11.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +39.5% /yr; S&P 500 +20.1%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$105.4M	110
Q1 2026	$108.8M	156
Q4 2025	$105.1M	251
Q3 2025	$102.1M	144
Q2 2025	$92.5M	99
Q1 2025	$87.6M	141
Q4 2024	$86.6M	135

Questions about Board of the Pension Protection Fund's portfolio

What stocks does Board of the Pension Protection Fund own?

Board of the Pension Protection Fund's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 110 positions worth $105.4M. The largest are Ball Corp (BALL) at 2.1%, Magna Intl Inc (MGA) at 2.0%, Incyte Corp (INCY) at 1.9%, Flex Ltd (FLEX) at 1.9% and Hewlett Packard Enterprise (HPE) at 1.8%.

What did Board of the Pension Protection Fund buy last quarter?

In Q2 2026, Board of the Pension Protection Fund added Equitable Hldgs Inc (EQH) (+17.9% shares), Pinterest Inc (PINS) (+15.5% shares) and Textron Inc (TXT) (+11.7% shares), compared with its Q1 2026 filing.

What did Board of the Pension Protection Fund sell last quarter?

In Q2 2026, Board of the Pension Protection Fund cut from its top 50 Dell Technologies Inc (DELL), cut from its top 50 Celestica Inc (CLS), cut from its top 50 Twilio Inc Cl A (TWLO), cut from its top 50 Open Text Corp (OTEX), cut from its top 50 Zoom Communications Inc (ZM), Flex Ltd (FLEX) (-54.3% shares), Hewlett Packard Enterprise (HPE) (-48.2% shares) and Delta Air Lines Inc Com New (DAL) (-27.1% shares), compared with its Q1 2026 filing.

When is Board of the Pension Protection Fund's next 13F filing due?

13F filings are due 45 days after each quarter ends. Board of the Pension Protection Fund's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.