# British Airways Pensions Investment Management Ltd

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1536558. Source: https://holderbook.com/funds/1536558-british-airways-pensions-investment-management-ltd/

- Reported value: $2.5B
- Positions: 96
- Weight of the ten largest: 49.8%
- Filed: 2021-08-05

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $425.6M | 1,069,750 | 16.7% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $324.7M | 891,400 | 12.8% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $91.2M | 746,336 | 3.6% | 11 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $84.2M | 371,337 | 3.3% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $82.0M | 347,717 | 3.2% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $77.7M | 196,073 | 3.1% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $60.8M | 19,657 | 2.4% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $42.8M | 20,758 | 1.7% | 11 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $40.9M | 638,288 | 1.6% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $38.7M | 254,200 | 1.5% | 11 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $36.8M | 930,984 | 1.4% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $33.8M | 205,847 | 1.3% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $33.2M | 112,594 | 1.3% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $30.4M | 81,580 | 1.2% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $28.8M | 13,913 | 1.1% | 11 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $26.1M | 482,897 | 1.0% | 11 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $25.6M | 303,515 | 1.0% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $23.1M | 49,769 | 0.9% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.8M | 42,642 | 0.9% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $21.1M | 46,279 | 0.8% | 11 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $21.0M | 359,627 | 0.8% | 5 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $19.8M | 52,862 | 0.8% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $19.1M | 175,115 | 0.8% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $18.8M | 356,013 | 0.7% | 11 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $18.7M | 193,495 | 0.7% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $18.3M | 206,504 | 0.7% | 2 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $18.2M | 149,407 | 0.7% | 10 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $18.1M | 172,284 | 0.7% | 11 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $17.8M | 88,383 | 0.7% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $17.5M | 53,486 | 0.7% | 8 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $17.4M | 55,032 | 0.7% | 8 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $17.4M | 108,417 | 0.7% | 7 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $17.3M | 392,672 | 0.7% | 7 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $17.2M | 348,785 | 0.7% | 3 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $16.9M | 139,905 | 0.7% | 2 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $16.9M | 93,236 | 0.7% | 3 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $16.8M | 111,722 | 0.7% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $16.7M | 78,919 | 0.7% | 11 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $16.6M | 82,395 | 0.7% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $16.4M | 32,761 | 0.6% | 11 |
| STELLANTIS N.V | [STLA](https://holderbook.com/stocks/STLA/) | $16.3M | 922,022 | 0.6% | 2 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $16.3M | 206,712 | 0.6% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $16.1M | 24,160 | 0.6% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $15.9M | 117,088 | 0.6% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $15.5M | 50,746 | 0.6% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $15.3M | 173,774 | 0.6% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $15.3M | 82,755 | 0.6% | 11 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $15.1M | 45,948 | 0.6% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $14.8M | 41,510 | 0.6% | 10 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $14.6M | 102,428 | 0.6% | 4 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $14.5M | 92,100 | 0.6% | 3 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $13.8M | 59,682 | 0.5% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $13.7M | 353,225 | 0.5% | 2 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $13.5M | 9,603 | 0.5% | 11 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $13.5M | 213,424 | 0.5% | 7 |
| FIVE BELOW INC | [FIVE](https://holderbook.com/stocks/FIVE/) | $13.5M | 70,522 | 0.5% | 4 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $13.4M | 61,514 | 0.5% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $13.4M | 55,034 | 0.5% | 4 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $13.2M | 27,259 | 0.5% | 5 |
| AUTOLIV INC | [ALV](https://holderbook.com/stocks/ALV/) | $12.9M | 138,977 | 0.5% | 3 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $12.7M | 75,992 | 0.5% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $12.7M | 197,873 | 0.5% | 11 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $12.6M | 8,878 | 0.5% | 6 |
| INSULET CORP | [PODD](https://holderbook.com/stocks/PODD/) | $12.6M | 48,322 | 0.5% | 4 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $12.6M | 113,683 | 0.5% | 7 |
| QORVO INC | [QRVO](https://holderbook.com/stocks/QRVO/) | $12.5M | 68,456 | 0.5% | 5 |
| AMEDISYS INC | [AMED](https://holderbook.com/stocks/AMED/) | $12.3M | 46,464 | 0.5% | 7 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $12.3M | 372,945 | 0.5% | 5 |
| APTIV PLC | [APTVXXXX](https://holderbook.com/stocks/APTVXXXX/) | $11.9M | 86,320 | 0.5% | 5 |
| PACIRA BIOSCIENCES INC | [PCRX](https://holderbook.com/stocks/PCRX/) | $11.7M | 166,544 | 0.5% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.4M | 44,607 | 0.4% | 11 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $11.3M | 194,250 | 0.4% | 11 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $11.2M | 103,461 | 0.4% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $10.9M | 195,857 | 0.4% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $10.2M | 336,761 | 0.4% | 11 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $10.1M | 84,421 | 0.4% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $10.0M | 74,356 | 0.4% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $9.9M | 83,025 | 0.4% | 11 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $9.9M | 47,290 | 0.4% | 6 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $9.9M | 41,508 | 0.4% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $9.3M | 255,692 | 0.4% | 11 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $9.2M | 101,082 | 0.4% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $9.1M | 66,673 | 0.4% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $9.0M | 117,219 | 0.4% | 11 |
| PAYLOCITY HLDG CORP | [PCTY](https://holderbook.com/stocks/PCTY/) | $8.1M | 45,122 | 0.3% | 3 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $8.1M | 16,968 | 0.3% | 11 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $7.7M | 58,134 | 0.3% | 8 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $7.6M | 73,911 | 0.3% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.4M | 21,027 | 0.3% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.4M | 39,442 | 0.3% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.0M | 31,933 | 0.3% | 11 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $7.0M | 52,451 | 0.3% | 9 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.7M | 26,854 | 0.3% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $6.2M | 24,154 | 0.2% | 11 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $5.3M | 134,200 | 0.2% | 3 |
| NIO INC | [NIO](https://holderbook.com/stocks/NIO/) | $3.9M | 99,912 | 0.2% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2021 | +6.8% | +8.0% | -1.3% | 100% |
| Q1 2021 | +4.9% | +6.0% | -1.1% | 100% |
| Q4 2020 | +10.2% | +11.6% | -1.4% | 100% |
| Q3 2020 | +10.2% | +8.6% | +1.6% | 100% |
| Q2 2020 | +20.0% | +19.6% | +0.3% | 100% |
| Q1 2020 | -20.0% | -19.9% | -0.1% | 100% |
| Q4 2019 | +8.6% | +8.5% | +0.1% | 100% |
| Q3 2019 | +0.8% | +1.3% | -0.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $2.5B | 96 |
| Q1 2021 | $2.5B | 96 |
| Q4 2020 | $2.6B | 97 |
| Q3 2020 | $2.5B | 98 |
| Q2 2020 | $2.3B | 92 |
| Q1 2020 | $1.9B | 94 |
| Q4 2019 | $2.4B | 96 |
| Q3 2019 | $2.4B | 103 |
| Q2 2019 | $2.7B | 103 |
| Q1 2019 | $2.7B | 97 |
| Q4 2018 | $2.3B | 97 |