Institutional
Railway Pension Investments Ltd
CIK 0001658020
$7.03B
Reported AUM
103
Positions
Q1 2026
Period
2026-05-12
Filed
The Brief · Railway Pension Investments Ltd · Q1 2026
AI · grounded in 13F
Railway Pension Investments Ltd exited its position in SPGI, reducing its exposure by $192.8M. The fund also closed positions in LPLA for $159M, DHR for $157.9M, and MRK for $121.6M. On the buy side, the fund established new positions in MAR for $34.9M and FTV for $21.5M, while increasing its stake in SYK by 1,168.8%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $375.1M | 5.34% | −108,240 | −9.7% |
| 2 | GOOGL | ALPHABET INC | $368.53 | -0.98% | 112.92% | 175.80% | $264.6M | 3.77% | −278,230 | −23.2% |
| 3 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | 44.92% | 955.49% | $245.5M | 3.49% | −119,700 | −7.8% |
| 4 | LNG | CHENIERE ENERGY INC | $238.82 | -0.93% | -0.79% | 194.92% | $242.6M | 3.45% | −64,400 | −7.0% |
| 5 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | $233.6M | 3.33% | +76,800 | +7.3% |
| 6 | AVGO | BROADCOM INC | $385.73 | -7.92% | 57.48% | 771.51% | $233.6M | 3.32% | −59,000 | −7.3% |
| 7 | META | META PLATFORMS INC | $593.00 | -5.51% | -14.74% | 67.74% | $228.5M | 3.25% | +57,620 | +16.9% |
| 8 | NEE | NEXTERA ENERGY INC | $85.84 | 0.19% | 23.39% | 25.67% | $216.3M | 3.08% | −189,000 | −7.5% |
| 9 | LRCX | LAM RESEARCH CORP | $303.28 | -9.85% | 253.80% | 400.87% | $209.9M | 2.99% | −59,300 | −5.7% |
| 10 | EQIX | EQUINIX INC | $1080.95 | -0.75% | 20.90% | 45.37% | $202.4M | 2.88% | −17,840 | −8.0% |
| 11 | TMO | THERMO FISHER SCIENTIFIC INC | $472.80 | -1.91% | 18.07% | -11.30% | $201.0M | 2.86% | −33,440 | −7.6% |
| 12 | TXN | TEXAS INSTRS INC | $285.06 | -6.65% | 52.30% | 72.38% | $190.6M | 2.71% | −29,700 | −2.9% |
| 13 | GILD | GILEAD SCIENCES INC | $129.16 | -0.02% | 17.90% | 125.52% | $181.6M | 2.59% | −95,900 | −6.9% |
| 14 | CEG | CONSTELLATION ENERGY CORP | $254.83 | -3.69% | -14.27% | 474.86% | $176.7M | 2.52% | +86,020 | +15.7% |
| 15 | ABBV | ABBVIE INC | $227.23 | 1.02% | 23.60% | 135.68% | $174.2M | 2.48% | −58,900 | −6.9% |
| 16 | AAPL | APPLE INC | $307.34 | -1.25% | 51.31% | 116.17% | $173.0M | 2.46% | −71,600 | −9.5% |
| 17 | V | VISA INC | $323.57 | 1.06% | -11.91% | 36.33% | $169.5M | 2.41% | −64,760 | −10.4% |
| 18 | SYK | STRYKER CORPORATION | $305.66 | 1.48% | -19.61% | 18.51% | $160.9M | 2.29% | +451,160 | +1168.8% |
| 19 | JNJ | JOHNSON & JOHNSON | $232.77 | 2.02% | 53.90% | 55.59% | $158.9M | 2.26% | −73,400 | −10.1% |
| 20 | PANW | PALO ALTO NETWORKS INC | $272.05 | -2.58% | 36.30% | 309.05% | $157.6M | 2.24% | −62,900 | −6.0% |
| 21 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | -16.29% | 31.00% | $146.1M | 2.08% | −41,800 | −12.5% |
| 22 | IDXX | IDEXX LABS INC | $562.16 | -0.46% | 7.10% | -17.15% | $144.1M | 2.05% | −69,600 | −21.3% |
| 23 | PEG | PUBLIC SVC ENTERPRISE GROUP | $79.48 | 1.79% | 2.30% | 49.59% | $139.4M | 1.98% | −502,900 | −22.6% |
| 24 | KLAC | KLA CORP | $1929.20 | -9.47% | 140.30% | 482.93% | $128.7M | 1.83% | −12,113 | −12.2% |
| 25 | QCOM | QUALCOMM INC | $215.94 | -10.98% | 48.63% | 60.58% | $121.4M | 1.73% | −104,500 | −10.0% |
| 26 | APH | AMPHENOL CORP | $138.81 | -5.42% | 49.74% | 300.06% | $107.0M | 1.52% | −88,500 | −9.5% |
| 27 | ORLY | OREILLY AUTOMOTIVE INC | $90.33 | 2.18% | -1.65% | 124.39% | $106.7M | 1.52% | −103,600 | −8.2% |
| 28 | MCK | MCKESSON CORP | $775.66 | 2.47% | 9.36% | 290.98% | $94.9M | 1.35% | −16,440 | −13.0% |
| 29 | NOW | SERVICENOW INC | $112.45 | -5.79% | -45.42% | -4.36% | $93.3M | 1.33% | −140,720 | −13.6% |
| 30 | CSCO | CISCO SYS INC | $121.64 | -6.43% | 88.37% | 153.46% | $88.3M | 1.26% | −150,600 | −11.7% |
| 31 | MO | ALTRIA GROUP INC | $72.19 | 2.25% | — | — | $85.3M | 1.21% | −174,400 | −11.9% |
| 32 | FAST | FASTENAL CO | $46.79 | -0.78% | — | — | $78.3M | 1.11% | −197,960 | −10.5% |
| 33 | PH | PARKER-HANNIFIN CORP | $882.34 | 1.16% | — | — | $65.7M | 0.94% | −9,760 | −11.7% |
| 34 | BMY | BRISTOL-MYERS SQUIBB CO | $57.27 | 1.18% | — | — | $63.1M | 0.90% | −143,700 | −12.1% |
| 35 | EXPE | EXPEDIA GROUP INC | $228.88 | 0.75% | — | — | $61.3M | 0.87% | −65,200 | −19.7% |
| 36 | GWW | WW GRAINGER INC | $1300.01 | 0.83% | — | — | $60.2M | 0.86% | −7,880 | −12.5% |
| 37 | NTAP | NETAPP INC | $167.04 | -6.61% | — | — | $52.7M | 0.75% | −74,300 | −12.6% |
| 38 | BKNG | BOOKING HOLDINGS INC | $165.84 | -0.99% | — | — | $48.3M | 0.69% | −2,500 | −17.9% |
| 39 | HCA | HCA HEALTHCARE INC | $372.13 | 2.85% | — | — | $43.7M | 0.62% | −14,320 | −13.4% |
| 40 | TJX | TJX COS INC NEW | $160.71 | 1.31% | — | — | $42.7M | 0.61% | −38,900 | −12.7% |
| 41 | WMT | WALMART INC | $118.88 | 0.97% | — | — | $42.3M | 0.60% | −49,900 | −12.8% |
| 42 | CDNS | CADENCE DESIGN SYSTEM INC | $376.19 | -8.62% | — | — | $39.1M | 0.56% | −25,520 | −15.4% |
| 43 | MSI | MOTOROLA SOLUTIONS INC | $410.34 | -0.09% | — | — | $37.1M | 0.53% | −12,200 | −12.5% |
| 44 | TPR | TAPESTRY INC | $140.10 | -0.26% | — | — | $36.2M | 0.52% | −54,400 | −17.5% |
| 45 | CRM | SALESFORCE INC | $185.66 | -1.64% | — | — | $35.7M | 0.51% | −47,300 | −19.8% |
| 46 | VZ | VERIZON COMMUNICATIONS INC | $45.37 | 1.11% | — | — | $35.4M | 0.50% | −102,000 | −12.6% |
| 47 | MAR | MARRIOTT INTL INC NEW | $392.51 | 1.87% | — | — | $34.9M | 0.50% | +106,600 | NEW |
| 48 | ROL | ROLLINS INC | $47.10 | 1.29% | — | — | $33.9M | 0.48% | −92,200 | −12.7% |
| 49 | ADSK | AUTODESK INC | $229.96 | -1.58% | — | — | $33.1M | 0.47% | −32,960 | −19.3% |
| 50 | OTIS | OTIS WORLDWIDE CORP | $70.34 | 0.70% | — | — | $31.6M | 0.45% | −60,100 | −12.8% |
| 51 | CTAS | CINTAS CORP | $179.85 | -0.06% | — | — | $30.1M | 0.43% | −26,100 | −12.8% |
| 52 | AMGN | AMGEN INC | $349.58 | 1.15% | — | — | $29.5M | 0.42% | −12,320 | −12.8% |
| 53 | IBM | INTERNATIONAL BUSINESS MACHS | $284.84 | -5.61% | — | — | $29.5M | 0.42% | −30,120 | −19.9% |
| 54 | WSM | WILLIAMS SONOMA INC | $204.98 | -1.49% | — | — | $28.4M | 0.40% | −23,400 | −13.1% |
| 55 | HPQ | HP INC | $25.58 | -2.74% | — | — | $27.5M | 0.39% | −327,400 | −18.6% |
| 56 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $53.21 | -0.36% | — | — | $26.7M | 0.38% | −107,400 | −19.8% |
| 57 | INTU | INTUIT | $296.76 | -1.73% | — | — | $22.2M | 0.32% | +23,040 | +81.7% |
| 58 | GDDY | GODADDY INC | $84.38 | -0.54% | — | — | $21.8M | 0.31% | +219,600 | +498.0% |
| 59 | ADBE | ADOBE INC | $251.44 | -2.70% | — | — | $21.5M | 0.31% | +73,000 | +474.0% |
| 60 | FTV | FORTIVE CORP | $61.28 | -0.31% | — | — | $21.5M | 0.31% | +388,700 | NEW |
| 61 | SNA | SNAP ON INC | $379.77 | 0.23% | — | — | $21.0M | 0.30% | −7,200 | −11.1% |
| 62 | CF | CF INDUSTRIES HOLD | $113.49 | -3.43% | — | — | $20.8M | 0.30% | — | HELD |
| 63 | CMCSA | COMCAST CORP NEW | $23.82 | 2.10% | — | — | $20.2M | 0.29% | −87,600 | −11.1% |
| 64 | ITW | ILLINOIS TOOL WKS INC | $252.72 | 0.64% | — | — | $19.8M | 0.28% | −9,600 | −11.2% |
| 65 | ADI | ANALOG DEVICES INC | $401.39 | -6.38% | — | — | $19.8M | 0.28% | +62,200 | NEW |
| 66 | EME | EMCOR GROUP INC | $817.44 | -3.31% | — | — | $18.8M | 0.27% | +1,840 | +7.8% |
| 67 | TT | TRANE TECHNOLOGIES PLC | $456.84 | -1.49% | — | — | $18.8M | 0.27% | — | HELD |
| 68 | CAH | CARDINAL HEALTH INC | $205.71 | 1.97% | — | — | $18.2M | 0.26% | +86,100 | NEW |
| 69 | ROST | ROSS STORES INC | $230.37 | -1.15% | — | — | $18.0M | 0.26% | +64,600 | +353.0% |
| 70 | ACN | ACCENTURE PLC IRELAND | $178.25 | -0.34% | — | — | $17.9M | 0.25% | — | HELD |
| 71 | UHS | UNIVERSAL HLTH SVCS INC | $145.17 | 1.72% | — | — | $17.2M | 0.24% | −800 | −0.8% |
| 72 | TRMB | TRIMBLE INC | $54.19 | -2.71% | — | — | $17.1M | 0.24% | — | HELD |
| 73 | CL | COLGATE PALMOLIVE CO | $88.58 | 4.09% | — | — | $15.2M | 0.22% | — | HELD |
| 74 | YUM | YUM BRANDS INC | $150.87 | 1.88% | — | — | $14.7M | 0.21% | — | HELD |
| 75 | IT | GARTNER INC | $164.02 | -0.52% | — | — | $14.5M | 0.21% | — | HELD |
| 76 | GEN | GEN DIGITAL INC | $26.28 | -0.90% | — | — | $12.5M | 0.18% | — | HELD |
| 77 | HLT | HILTON WORLDWIDE HLDGS INC | $343.10 | 1.46% | — | — | $11.7M | 0.17% | — | HELD |
| 78 | VRSK | VERISK ANALYTICS INC | $181.73 | 0.96% | — | — | $11.7M | 0.17% | — | HELD |
| 79 | EXPD | EXPEDITORS INTL WASH INC | $160.44 | 0.19% | — | — | $10.9M | 0.15% | — | HELD |
| 80 | CBOE | CBOE GLOBAL MKTS INC | $281.91 | -1.44% | — | — | $10.6M | 0.15% | +37,800 | NEW |
| 81 | VRSN | VERISIGN INC | $294.92 | 0.38% | — | — | $10.0M | 0.14% | — | HELD |
| 82 | VLTO | VERALTO CORP | $86.05 | 1.55% | — | — | $9.8M | 0.14% | — | HELD |
| 83 | BK | BANK NEW YORK MELLON CORP | $142.39 | -1.13% | — | — | $8.3M | 0.12% | — | HELD |
| 84 | L | LOEWS CORP | $107.57 | 2.43% | — | — | $8.1M | 0.11% | — | HELD |
| 85 | AME | AMETEK INC | $226.55 | -0.97% | — | — | $7.7M | 0.11% | — | HELD |
| 86 | FFIV | F5 INC | $393.35 | -3.75% | — | — | $7.6M | 0.11% | — | HELD |
| 87 | DGX | QUEST DIAGNOSTICS INC | $200.29 | 2.13% | — | — | $6.8M | 0.10% | +34,500 | NEW |
| 88 | TRV | TRAVELERS COMPANIES INC | $303.25 | 3.35% | — | — | $5.3M | 0.07% | — | HELD |
| 89 | MNST | MONSTER BEVERAGE CORP NEW | $89.55 | 1.14% | — | — | $4.7M | 0.07% | — | HELD |
| 90 | FNF | FIDELITY NATL FINL INC | $47.40 | 2.98% | — | — | $4.5M | 0.06% | — | HELD |
| 91 | DOCU | DOCUSIGN INC | $47.26 | -7.22% | — | — | $4.1M | 0.06% | +87,200 | NEW |
| 92 | MDT | MEDTRONIC PLC | $81.67 | -0.32% | — | — | $3.9M | 0.06% | — | HELD |
| 93 | PM | PHILIP MORRIS INTL INC | $178.29 | 1.89% | — | — | $3.8M | 0.05% | — | HELD |
| 94 | FOXA | FOX CORP | $66.89 | 2.06% | — | — | $3.8M | 0.05% | +65,100 | NEW |
| 95 | DPZ | DOMINOS PIZZA INC | $313.99 | 2.11% | — | — | $3.5M | 0.05% | — | HELD |
| 96 | MTD | METTLER TOLEDO INTERNATIONAL | $1154.33 | -2.22% | — | — | $3.2M | 0.05% | +2,540 | NEW |
| 97 | SOLV | SOLVENTUM CORP | $81.01 | -1.71% | — | — | $3.1M | 0.04% | +47,800 | NEW |
| 98 | BR | BROADRIDGE FINL SOLUTIONS IN | $151.34 | -1.79% | — | — | $2.9M | 0.04% | — | HELD |
| 99 | KR | KROGER CO | $63.57 | 2.14% | — | — | $2.7M | 0.04% | — | HELD |
| 100 | DECK | DECKERS OUTDOOR CORP | $108.13 | -0.76% | — | — | $2.3M | 0.03% | — | HELD |
| 101 | PTC | PTC INC | — | — | — | — | $2.2M | 0.03% | — | HELD |
| 102 | RMD | RESMED INC | — | — | — | — | $2.2M | 0.03% | — | HELD |
| 103 | TTAN | SERVICETITAN INC | — | — | — | — | $271K | 0.00% | +4,270 | NEW |
| 104 | SPGI | S&P GLOBAL INC | — | — | — | — | — | — | −368,900 | EXITED |
| 105 | LPLA | LPL FINL HLDGS INC | — | — | — | — | — | — | −445,280 | EXITED |
| 106 | DHR | DANAHER CORPORATION | — | — | — | — | — | — | −689,899 | EXITED |
| 107 | MRK | MERCK & CO INC | — | — | — | — | — | — | −1,155,015 | EXITED |
| 108 | AZO | AUTOZONE INC | — | — | — | — | — | — | −24,102 | EXITED |
| 109 | CHKP | CHECK POINT SOFTWARE TECH LT | — | — | — | — | — | — | −166,329 | EXITED |
| 110 | BSX | BOSTON SCIENTIFIC CORP | — | — | — | — | — | — | −259,900 | EXITED |
| 111 | ROP | ROPER TECHNOLOGIES INC | — | — | — | — | — | — | −37,900 | EXITED |
| 112 | EA | ELECTRONIC ARTS INC | — | — | — | — | — | — | −67,301 | EXITED |
| 113 | HO1 | HOLOGIC INC | — | — | — | — | — | — | −157,200 | EXITED |
| 114 | ABT | ABBOTT LABS | — | — | — | — | — | — | −74,700 | EXITED |
| 115 | RPM | RPM INTL INC | — | — | — | — | — | — | −70,200 | EXITED |
| 116 | CMI | CUMMINS INC | — | — | — | — | — | — | −8,900 | EXITED |
| 117 | FG | F&G ANNUITIES & LIFE INC | — | — | — | — | — | — | −5,760 | EXITED |
Source: SEC EDGAR · accession 0001658020-26-000003. 13F discloses long positions only — shorts, foreign equities, and options are excluded.