Arkolith/Funds/Board of the Pension Protection Fund

Board of the Pension Protection Fund

CIK 2041021Pension / sovereign
Holdings as of Jun 30, 2026·disclosed Aug 7, 2026·~38-day 13F lag·13F-HR
Active Filer

Board of the Pension Protection Fund holds a diversified book of 110 reported positions worth $105.4M as of Q2 2026 (disclosed Aug 7, 2026, a ~38-day 13F lag). This quarter they opened Ball Corp and trimmed Flex Ltd. Their largest long position is Ball Corp at 2% of the reported non-option book. Cloning the disclosed picks since 2025 would be +36% (+20.2%/yr). That is a simulation of the disclosed long book, not audited returns.

Board of the Pension Protection Fund is a pension or sovereign fund: this book is a long-horizon allocation, often run by external managers.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+35.6%
+20.2%/yr · since Jan '25
Their reported book
+42.0%
held from quarter-end
S&P 500
+33.5%
same window
$9K$10K$11K$13K$14KJan '25May '25Sep '25Jan '26May '26Sep '26
Board of the Pension Protection Fund (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +42.0%, a 6.4-point gap that is the cost of the ~38-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Board of the Pension Protection Fund's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~38 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: diversified book

Top 5 holdings
10%
Top 10 holdings
18%
Top 20 holdings
35%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

100% mapped to company sectors

Financials
20%
Industrials
17%
Information Technology
17%
Health Care
8%
Materials
7%
Communication Services
7%
Utilities
6%
Consumer Discretionary
6%

+3 sectors below the cut, 11% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Board of the Pension Protection Fund

Manager / fundShared namesTheir $ in those
RWC Asset Management LLP11 / 80$716.6M
Pzena Investment Management LLC17 / 80$8.2B
Gallagher Fiduciary Advisors, LLC9 / 80$644.7M
Newport Trust Company, LLC8 / 80$7.2B
Hotchkis & Wiley Capital Management LLC13 / 80$5.1B
Yacktman Asset Management LP11 / 80$1.2B
Prana Capital Management, LP15 / 80$483.6M
Affinity Investment Advisors, LLC28 / 80$28.4M

Ranked by the share of each fund's own book sitting in the names it shares with Board of the Pension Protection Fund: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

110 positions
#SecurityValueShares% PortLast moveHistory
1Ball Corp
COM
$2.2M35.0K
2.1%
New
New position
2Magna Intl Inc
COM
$2.1M22.2K
2.0%
New
New position
3Incyte Corp
COM
$2.0M17.6K
1.9%
+63%
Added · +7K sh
4Flex Ltd
ORD
$2.0M12.3K
1.9%
−54%
Reduced · −15K sh
5Hewlett Packard Enterprise C
COM
$1.9M42.8K
1.8%
−48%
Reduced · −40K sh
6Citizens Finl Group Inc
COM
$1.9M27.2K
1.8%
25×
Added · +26K sh
7Cgi Inc
CL A SUB VTG
$1.9M20.6K
1.8%
+7.3%
Added · +1K sh
8Centene Corp Del
COM
$1.9M29.0K
1.8%
+226%
Added · +20K sh
9Keycorp
COM
$1.8M79.4K
1.7%
25×
Added · +76K sh
10Cooper Cos Inc
COM
$1.8M25.4K
1.7%
New
New position
11Loews Corp
COM
$1.8M16.0K
1.7%
+6.0%
Added · +900 sh
12Southwest Airls Co
COM
$1.8M35.1K
1.7%
32×
Added · +34K sh
13Edison Intl
COM
$1.8M24.1K
1.7%
−9.1%
Reduced · −2K sh
14Equitable Hldgs Inc
COM
$1.8M40.8K
1.7%
+18%
Added · +6K sh
15United Airls Hldgs Inc
COM
$1.8M12.9K
1.7%
−8.5%
Reduced · −1K sh
16Synchrony Financial
COM
$1.7M23.0K
1.7%
+1.3%
Added · +300 sh
17International Paper Co
COM
$1.7M45.7K
1.7%
New
New position
18Weyerhaeuser Co
COM NEW
$1.7M72.5K
1.6%
New
New position
19Textron Inc
COM
$1.7M18.2K
1.6%
+12%
Added · +2K sh
20Pinterest Inc
CL A
$1.6M78.3K
1.6%
+15%
Added · +11K sh
21Microchip Technology Inc.
COM
$1.6M17.9K
1.5%
New
New position
22Kenvue Inc
COM
$1.6M85.4K
1.5%
New
New position
23Expand Energy Corporation
COM
$1.6M17.8K
1.5%
New
New position
24Tyson Foods Inc
CL A
$1.6M28.2K
1.5%
New
New position
25Dupont De Nemours Inc
COMMON STOCK
$1.6M11.7K
1.5%
New
New position
26Global PMTS Inc
COM
$1.6M21.6K
1.5%
−12%
Reduced · −3K sh
27Omnicom Group Inc
COM
$1.6M21.5K
1.5%
−4.4%
Reduced · −1K sh
28Hartford Insurance Group Inc
COM
$1.5M11.6K
1.5%
+6.4%
Added · +700 sh
29Delta Air Lines Inc
COM NEW
$1.5M16.4K
1.5%
−27%
Reduced · −6K sh
30Gen Digital Inc
COM
$1.5M61.4K
1.4%
−17%
Reduced · −12K sh
31Eqt Corp
COM
$1.5M28.6K
1.4%
New
New position
32Cincinnati Finl Corp
COM
$1.5M8.1K
1.4%
−14%
Reduced · −1K sh
33PG&E Corp
COM
$1.4M84.7K
1.4%
−18%
Reduced · −18K sh
34Las Vegas Sands Corp
COM
$1.4M30.5K
1.3%
+3.4%
Added · +1K sh
35Zillow Group Inc
CL C CAP STK
$1.4M43.6K
1.3%
New
New position
36SS&C Tech Hldgs
COM
$1.4M22.0K
1.3%
−3.9%
Reduced · −900 sh
37Firstenergy Corp
COM
$1.4M28.7K
1.3%
New
New position
38Halliburton Co
COM
$1.4M39.9K
1.3%
New
New position
39Fox Corp
CL B COM
$1.3M28.5K
1.3%
+9.2%
Added · +2K sh
40Fox Corp
CL A COM
$1.3M25.4K
1.3%
+9.0%
Added · +2K sh
41Leidos Holdings Inc
COM
$1.3M12.8K
1.2%
+374%
Added · +10K sh
42Godaddy Inc
CL A
$1.3M15.5K
1.2%
−10%
Reduced · −2K sh
43HP Inc
COM
$1.3M59.9K
1.2%
−10%
Reduced · −7K sh
44Docusign Inc
COM
$1.3M29.5K
1.2%
−16%
Reduced · −6K sh
45Zillow Group Inc
CL A
$1.3M41.3K
1.2%
New
New position
46News Corp New
CL A
$1.3M52.0K
1.2%
+55%
Added · +18K sh
47Royalty Pharma PLC
SHS CLASS A
$1.3M22.8K
1.2%
+235%
Added · +16K sh
48Lyondellbasell Industries NV
SHS - A -
$1.3M24.1K
1.2%
New
New position
49American Intl Group Inc
COM NEW
$1.2M16.4K
1.2%
+22%
Added · +3K sh
50Comcast Corp New
CL A
$1.2M49.4K
1.2%
+559%
Added · +42K sh
Showing 50 of 110 positions
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Filing history

As-of date vs the date the SEC received each filing

$108.8M · Q1 2026Q4 2024 · $86.6MQ2 2026 · $105.4M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 7, 202638d110$105.4M13F-HR
Q1 2026Mar 31, 2026Apr 27, 202627d156$108.8M13F-HR
Q4 2025Dec 31, 2025Jan 6, 20266d251$105.1M13F-HR
Q3 2025Sep 30, 2025Oct 9, 20259d144$102.1M13F-HR
Q2 2025Jun 30, 2025Jul 25, 202525d99$92.5M13F-HR
Q1 2025Mar 31, 2025Apr 24, 202524d141$87.6M13F-HR
Q4 2024Dec 31, 2024Jan 14, 202514d135$86.6M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.