Border to Coast Pensions Partnership Ltd
Long book
$5.92B
Q1 2026
Positions
92
Top-10 weight
42%
concentration
Last quarter
+12.9%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsBorder to Coast Pensions Partnership Ltd is a diversified fundamental manager, running a $5.92B US long book across 92 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ASTRAZENECA PLC, NVIDIA CORP, APPLE INC, VANGUARD MID-CAP ETF, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.3%
Q2 2024
+6.3%
Q3 2024
+2.2%
Q4 2024
-4.6%
Q1 2025
+10.1%
Q2 2025
+6.7%
Q3 2025
+2.2%
Q4 2025
-6.0%
Q1 2026
+12.9%
Sector allocation
Technology 36%
Healthcare 13%
Financials 13%
Consumer discretionary 9%
Industrials 8%
Services media 6%
Energy 6%
Utilities 4%
Long book by quarter
What does Border to own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AZN ASTRAZENECA PLC | Healthcare | 2.0M | $398.3M | 6.7% | New |
| NVDA NVIDIA CORP | Technology | 2.2M | $393.3M | 6.6% | +3.4% |
| AAPL APPLE INC | Technology | 1.2M | $308.9M | 5.2% | -1.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.0M | $292.4M | 4.9% | +3.4% |
| MSFT MICROSOFT CORP | Technology | 620.6K | $230.4M | 3.9% | -24.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 989.3K | $206.7M | 3.5% | +2.4% |
| AVGO BROADCOM INC | Technology | 462.6K | $143.6M | 2.4% | -14.1% |
| JPM JPMORGAN CHASE & CO | Financials | 399.4K | $117.8M | 2.0% | -7.2% |
| NEE NEXTERA ENERGY INC | Utilities | 1.2M | $109.8M | 1.9% | -2.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 226.4K | $108.8M | 1.8% | +4.8% |
| META META PLATFORMS INC-CLASS A | Technology | 187.9K | $107.9M | 1.8% | +14.0% |
| LLY ELI LILLY & CO | Healthcare | 115.9K | $107.0M | 1.8% | +59.6% |
| TTE TOTALENERGIES SE | Energy | 1.1M | $104.3M | 1.8% | New |
| RTX RTX CORP | Industrials | 486.6K | $94.2M | 1.6% | Held |
| UBS UBS GROUP AG-REG | Financials | 2.3M | $88.5M | 1.5% | Held |
| WMT WALMART INC | Consumer discretionary | 631.9K | $78.8M | 1.3% | -15.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 380.8K | $77.7M | 1.3% | +93.7% |
| CVX CHEVRON CORP | Energy | 369.8K | $76.7M | 1.3% | +15.5% |
| CSCO CISCO SYSTEMS INC | Technology | 970.0K | $75.5M | 1.3% | -18.6% |
| NFLX NETFLIX INC | Services media | 744.6K | $71.8M | 1.2% | +13.9% |
| AMAT APPLIED MATERIALS INC | Technology | 205.4K | $70.4M | 1.2% | New |
| MA MASTERCARD INC - A | Services media | 139.8K | $70.1M | 1.2% | +7.3% |
| TSLA TESLA INC | Industrials | 179.0K | $66.8M | 1.1% | +10.4% |
| COP CONOCOPHILLIPS | Energy | 478.6K | $63.4M | 1.1% | +42.3% |
| INTU INTUIT INC | Technology | 145.5K | $63.1M | 1.1% | +42.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 310.1K | $60.4M | 1.0% | -10.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 405.0K | $58.7M | 1.0% | Held |
| DE DEERE & CO | Industrials | 103.5K | $58.5M | 1.0% | -17.6% |
| WAB WABTEC CORP | Industrials | 232.8K | $58.4M | 1.0% | +9.0% |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 226.9K | $57.0M | 1.0% | -4.0% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 171.2K | $56.2M | 0.9% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 346.4K | $55.5M | 0.9% | Held |
| NRG NRG ENERGY INC | Utilities | 372.4K | $54.6M | 0.9% | +60.1% |
| BAC BANK OF AMERICA CORP | Financials | 1.1M | $53.8M | 0.9% | -21.3% |
| UNP UNION PACIFIC CORP | Industrials | 207.1K | $50.4M | 0.9% | -39.2% |
| ENB ENBRIDGE INC | Energy | 900.0K | $48.8M | 0.8% | -19.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 179.6K | $48.8M | 0.8% | -13.4% |
| PEP PEPSICO INC | Consumer staples | 309.3K | $48.2M | 0.8% | New |
| AXP AMERICAN EXPRESS CO | Financials | 152.9K | $46.4M | 0.8% | Held |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 387.7K | $46.2M | 0.8% | +14.3% |
| MS MORGAN STANLEY | Financials | 278.8K | $46.0M | 0.8% | +10.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 182.8K | $44.8M | 0.8% | New |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 88.0K | $43.4M | 0.7% | -56.1% |
| SNPS SYNOPSYS INC | Technology | 106.1K | $42.2M | 0.7% | +34.9% |
| KKR KKR & CO INC | Financials | 435.0K | $40.4M | 0.7% | +14.5% |
| ARCC ARES CAPITAL CORP | — | 2.2M | $39.8M | 0.7% | +11.4% |
| V VISA INC-CLASS A SHARES | Services media | 126.5K | $38.3M | 0.6% | -30.5% |
| DIS WALT DISNEY CO/THE | Services media | 385.1K | $37.2M | 0.6% | -41.9% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 176.8K | $36.9M | 0.6% | +29.3% |
| RSG REPUBLIC SERVICES INC | Utilities | 165.6K | $36.4M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 96 | $5.92B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 88 | $5.74B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 87 | $5.74B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 86 | $5.45B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 87 | $4.88B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 89 | $5.10B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 91 | $4.90B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 85 | $4.24B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 85 | $4.48B | $K fixed canonical | SEC ↗ |
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