Local Pensions Partnership Investment Ltd
Long book
$4.63B
Q1 2026
Positions
32
Top-10 weight
59%
concentration
Last quarter
+15.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsLocal Pensions Partnership Investment Ltd is a concentrated fundamental stock-picker, running a $4.63B US long book across 32 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, VISA INC-CLASS A SHARES, MICROSOFT CORP, HEICO CORP-CLASS A, KLA CORP.
Over the last 6 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-4.3%
Q1 2025
+13.9%
Q2 2025
+5.9%
Q3 2025
+1.3%
Q4 2025
-11.5%
Q1 2026
+15.7%
Sector allocation
Technology 50%
Consumer discretionary 14%
Services media 13%
Other 11%
Industrials 10%
Healthcare 1%
Materials 1%
Financials 1%
Long book by quarter
What does Local Pensions own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 1.7M | $483.7M | 10.4% | -16.1% |
| V VISA INC-CLASS A SHARES | Services media | 1.2M | $352.5M | 7.6% | -7.9% |
| MSFT MICROSOFT CORP | Technology | 901.8K | $333.8M | 7.2% | -8.7% |
| HEI/A HEICO CORP-CLASS A | Industrials | 1.4M | $258.9M | 5.6% | +11.9% |
| KLAC KLA CORP | Other | 171.2K | $252.0M | 5.4% | -18.0% |
| APH AMPHENOL CORP-CL A | Technology | 2.0M | $246.6M | 5.3% | -13.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.2M | $245.6M | 5.3% | -5.1% |
| MCO MOODY'S CORP | Services media | 451.6K | $197.1M | 4.3% | -3.1% |
| AZO AUTOZONE INC | Consumer discretionary | 55.9K | $188.7M | 4.1% | -3.6% |
| CDNS CADENCE DESIGN SYS INC | Technology | 668.5K | $185.7M | 4.0% | -11.2% |
| AAPL APPLE INC | Technology | 731.7K | $185.6M | 4.0% | -15.0% |
| BKNG BOOKING HOLDINGS INC | Industrials | 43.8K | $184.3M | 4.0% | Held |
| ADSK AUTODESK INC | Technology | 754.5K | $180.6M | 3.9% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 908.1K | $176.3M | 3.8% | -9.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 341.7K | $168.1M | 3.6% | -5.1% |
| TYL TYLER TECHNOLOGIES INC | Technology | 463.3K | $158.5M | 3.4% | +5.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 148.5K | $148.0M | 3.2% | -6.8% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 721.3K | $146.5M | 3.2% | Held |
| INTU INTUIT INC | Technology | 299.3K | $129.4M | 2.8% | Held |
| NKE NIKE INC -CL B | Other | 1.8M | $97.7M | 2.1% | Held |
| MSCI MSCI INC | Services media | 73.4K | $39.6M | 0.9% | -6.4% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 211.3K | $33.4M | 0.7% | -10.6% |
| IDXX IDEXX LABORATORIES INC | Materials | 58.1K | $32.7M | 0.7% | -7.5% |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 120.9K | $30.3M | 0.7% | Held |
| CDW CDW CORP/DE | Consumer discretionary | 249.2K | $30.2M | 0.7% | Held |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 156.5K | $27.5M | 0.6% | +15.5% |
| BRO BROWN & BROWN INC | Financials | 406.0K | $26.5M | 0.6% | Held |
| ROL ROLLINS INC | Services media | 414.7K | $22.2M | 0.5% | -26.4% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 403.0K | $19.9M | 0.4% | -25.8% |
| MANH MANHATTAN ASSOCIATES INC | Technology | 138.5K | $18.4M | 0.4% | Held |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 38.0K | $18.3M | 0.4% | Held |
| SPSC SPS COMMERCE INC | Technology | 185.5K | $10.3M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 32 | $4.63B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 32 | $5.68B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 33 | $5.87B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Nov 12, 2025 | 35 | $5.42B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Nov 12, 2025 | 35 | $5.04B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Nov 12, 2025 | 36 | $5.38B | canonical | SEC ↗ |
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