PBU - The Pension Fund of Early Childhood & Youth Educators

Fundamental diversified ★Signal CIK 2103310
League rank
#282
in Fundamental diversified · #1245 overall
Long book
$6.65B
Q1 2026
Positions
190
Top-10 weight
32%
concentration
Last quarter
+16.0%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

PBU - The Pension Fund of Early Childhood & Youth Educators is a diversified fundamental manager, running a $6.65B US long book across 190 positions.

The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, META PLATFORMS INC-CLASS A.

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
Q4 2025
-4.2%
Q1 2026
+16.0%

Sector allocation

Technology
38%
Financials
13%
Industrials
11%
Healthcare
9%
Consumer discretionary
8%
Services media
7%
Other
4%
Utilities
3%

Long book by quarter

$6.90B
Q4 2025
$6.65B
Q1 2026

What does PBU - own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology2.5M$430.1M6.5%-6.7%
AAPL APPLE INCTechnology1.5M$370.3M5.6%-8.4%
MSFT MICROSOFT CORPTechnology746.3K$276.2M4.2%-5.1%
GOOGL ALPHABET INC-CL ATechnology895.6K$257.6M3.9%-19.6%
META META PLATFORMS INC-CLASS ATechnology315.6K$180.6M2.7%-14.6%
AVGO BROADCOM INCTechnology477.1K$147.7M2.2%-25.5%
JPM JPMORGAN CHASE & COFinancials474.6K$139.6M2.1%+7.9%
LRCX LAM RESEARCH CORPIndustrials586.1K$125.2M1.9%+2.0%
AMAT APPLIED MATERIALS INCTechnology338.2K$115.6M1.7%+17.9%
COST COSTCO WHOLESALE CORPConsumer discretionary103.9K$103.5M1.6%-22.5%
GOOG ALPHABET INC-CL CTechnology322.6K$92.6M1.4%+29.4%
MRK MERCK & CO. INC.Healthcare744.6K$89.6M1.3%-4.0%
ABBV ABBVIE INCHealthcare386.7K$84.1M1.3%+193.5%
KLAC KLA CORPOther55.5K$81.7M1.2%-31.6%
NEM NEWMONT CORPMaterials746.8K$80.8M1.2%-1.0%
MA MASTERCARD INC - AServices media156.0K$78.0M1.2%+18.1%
TJX TJX COMPANIES INCConsumer discretionary459.0K$73.3M1.1%+7.8%
LLY ELI LILLY & COHealthcare76.7K$70.5M1.1%-24.0%
EBAY EBAY INCServices media773.2K$70.4M1.1%+2.5%
ANET ARISTA NETWORKS INCTechnology542.5K$66.6M1.0%+5.8%
KO COCA-COLA CO/THEConsumer staples836.6K$63.6M1.0%+21.9%
V VISA INC-CLASS A SHARESServices media200.4K$60.6M0.9%-45.0%
JNJ JOHNSON & JOHNSONHealthcare244.1K$59.7M0.9%+15.8%
EME EMCOR GROUP INCIndustrials75.1K$55.4M0.8%-0.7%
HD HOME DEPOT INCConsumer discretionary166.7K$54.8M0.8%-21.9%
IBM INTL BUSINESS MACHINES CORPTechnology221.5K$53.7M0.8%+16.8%
PGR PROGRESSIVE CORPFinancials254.5K$50.5M0.8%+10.8%
NFLX NETFLIX INCServices media483.0K$46.4M0.7%-37.0%
MU MICRON TECHNOLOGY INCTechnology137.2K$46.4M0.7%-1.1%
GE GENERAL ELECTRICIndustrials159.7K$45.3M0.7%+64.7%
VZ VERIZON COMMUNICATIONS INCCommunications826.1K$41.5M0.6%+34.1%
ECL ECOLAB INCOther153.7K$40.9M0.6%+120.6%
C CITIGROUP INCFinancials345.5K$39.2M0.6%+92.8%
PH PARKER HANNIFIN CORPIndustrials43.6K$39.0M0.6%+32.2%
AXP AMERICAN EXPRESS COFinancials128.0K$38.7M0.6%+23.4%
BAC BANK OF AMERICA CORPFinancials753.3K$36.7M0.6%+81.6%
CMI CUMMINS INCIndustrials68.2K$36.7M0.6%+10.3%
CSCO CISCO SYSTEMS INCTechnology472.3K$36.6M0.6%+63.0%
WFC WELLS FARGO & COFinancials459.0K$36.5M0.5%+7.3%
DIS WALT DISNEY CO/THEServices media372.6K$35.9M0.5%+34.4%
TT TRANE TECHNOLOGIES PLCTechnology84.4K$35.2M0.5%-51.4%
ITW ILLINOIS TOOL WORKSIndustrials134.5K$35.0M0.5%+158.5%
ROST ROSS STORES INCConsumer discretionary160.0K$34.7M0.5%+59.3%
CRM SALESFORCE INCTechnology182.6K$34.1M0.5%+18.9%
MELI MERCADOLIBRE INCServices media19.3K$33.3M0.5%+65.3%
TD TORONTO-DOMINION BANKFinancials355.9K$33.1M0.5%+113.1%
ACN ACCENTURE PLC-CL AServices media164.5K$32.6M0.5%+118.4%
QCOM QUALCOMM INCTechnology251.2K$32.3M0.5%-2.9%
ETN EATON CORP PLCIndustrials90.2K$32.3M0.5%+22.7%
TSCO TRACTOR SUPPLY COMPANYConsumer discretionary710.8K$32.2M0.5%-16.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ARESTATEMENTApr 10, 2026191$6.65B canonicalSEC ↗
Q1 202613F-HRApr 8, 2026191$1.04B SEC ↗
Q4 202513F-HR/ARESTATEMENTApr 10, 2026209$6.94B canonicalSEC ↗
Q4 202513F-HRFeb 11, 2026209$6.94B SEC ↗