# BEDRIJFSTAKPENSIOENFONDS VOOR DE MEDIA PNO

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1274196. Source: https://holderbook.com/funds/1274196-bedrijfstakpensioenfonds-voor-de-media-pno/

- Reported value: $758.7M
- Positions: 39
- Weight of the ten largest: 54.8%
- Filed: 2025-10-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $79.4M | 500,000 | 10.5% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $61.7M | 140,000 | 8.1% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $59.7M | 275,400 | 7.9% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $54.8M | 265,000 | 7.2% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $47.5M | 254,000 | 6.3% | 28 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $26.0M | 25,500 | 3.4% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $23.7M | 62,150 | 3.1% | 28 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $21.9M | 28,000 | 2.9% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $21.0M | 43,450 | 2.8% | 28 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $20.3M | 116,300 | 2.7% | 28 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $18.8M | 23,200 | 2.5% | 19 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $18.8M | 67,000 | 2.5% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $17.5M | 27,000 | 2.3% | 28 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $17.2M | 41,000 | 2.3% | 14 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $16.6M | 52,750 | 2.2% | 28 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $15.7M | 52,500 | 2.1% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.4M | 53,000 | 2.0% | 28 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $15.1M | 36,650 | 2.0% | 24 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $14.7M | 16,000 | 1.9% | 4 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $14.4M | 48,800 | 1.9% | 28 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $13.9M | 69,000 | 1.8% | 28 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $12.5M | 30,250 | 1.7% | 28 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $12.2M | 2,650 | 1.6% | 28 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $12.0M | 182,000 | 1.6% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $12.0M | 34,700 | 1.6% | 28 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $11.3M | 67,000 | 1.5% | 19 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $11.3M | 23,300 | 1.5% | 15 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $11.2M | 37,350 | 1.5% | 28 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $9.6M | 230,000 | 1.3% | 10 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $9.6M | 45,550 | 1.3% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.2M | 93,500 | 1.1% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $7.9M | 37,000 | 1.0% | 28 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $7.4M | 43,000 | 1.0% | 13 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.4M | 28,500 | 1.0% | 28 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $7.0M | 17,300 | 0.9% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.0M | 34,700 | 0.9% | 28 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $6.7M | 10,100 | 0.9% | 21 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $6.0M | 17,000 | 0.8% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $5.3M | 54,500 | 0.7% | 28 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +5.4% | +7.8% | -2.4% | 117% |
| Q2 2025 | +12.1% | +10.5% | +1.7% | 108% |
| Q1 2025 | -8.8% | -4.6% | -4.2% | 104% |
| Q4 2024 | +2.4% | +2.1% | +0.3% | 112% |
| Q3 2024 | +2.6% | +5.4% | -2.8% | 107% |
| Q2 2024 | +4.1% | +4.0% | +0.1% | 108% |
| Q1 2024 | +13.4% | +10.0% | +3.3% | 110% |
| Q4 2023 | +13.3% | +11.2% | +2.1% | 106% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $758.7M | 39 |
| Q2 2025 | $723.9M | 39 |
| Q1 2025 | $703.2M | 40 |
| Q4 2024 | $801.7M | 40 |
| Q3 2024 | $773.0M | 41 |
| Q2 2024 | $780.6M | 41 |
| Q1 2024 | $759.7M | 40 |
| Q4 2023 | $675.3M | 40 |
| Q3 2023 | $622.0M | 40 |
| Q2 2023 | $645.7M | 40 |
| Q1 2023 | $598.9M | 40 |
| Q4 2022 | $510.5M | 41 |