Railway Pension Investments Ltd
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $471.5M | 2,356,300 | +2.43pp | 4q | +67.4%+$189.8M | |
| APPLE INC | AAPL | $382.2M | 1,320,786 | +2.34pp | 27q | +93.7%+$184.9M | |
| ALPHABET INC | GOOGL | $332.0M | 929,030 | +0.41pp | 31q | +1.0%+$3.2M | |
| LAM RESEARCH CORP | LRCX | $327.0M | 754,700 | +1.12pp | 3q | -23.2%-$98.6M | |
| BROADCOM INC | AVGO | $321.9M | 852,192 | +0.72pp | 31q | +12.9%+$36.8M | |
| KLA CORP | KLAC | $279.6M | 926,652 | +1.68pp | 4q | +960.4%+$253.2M | |
| AMAZON COM INC | AMZN | $237.4M | 996,040 | -0.34pp | 31q | -11.2%-$30.0M | |
| MICROSOFT CORP | MSFT | $230.2M | 617,170 | -2.45pp | 29q | -39.1%-$147.8M | |
| TEXAS INSTRS INC | TXN | $226.6M | 760,371 | +0.14pp | 31q | -22.5%-$65.9M | |
| VISA INC | V | $215.7M | 628,679 | +0.30pp | 31q | +12.1%+$23.3M | |
| ARISTA NETWORKS INC | ANET | $201.3M | 1,184,850 | - | new | NEW | |
| ABBVIE INC | ABBV | $199.5M | 792,949 | +0.03pp | 31q | -1.0%-$2.0M | |
| BANK OF AMER CORP | BAC | $198.6M | 3,485,400 | - | new | NEW | |
| META PLATFORMS INC | META | $192.8M | 342,200 | -0.83pp | 31q | -14.3%-$32.2M | |
| NEXTERA ENERGY INC | NEE | $180.5M | 2,056,432 | -0.81pp | 31q | -11.7%-$23.9M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $180.0M | 358,970 | -0.60pp | 31q | -12.2%-$25.0M | |
| EQUINIX INC | EQIX | $170.9M | 163,989 | -0.73pp | 31q | -20.6%-$44.3M | |
| JOHNSON & JOHNSON | JNJ | $165.1M | 650,036 | -0.19pp | 31q | HELD | |
| GILEAD SCIENCES INC | GILD | $163.7M | 1,295,596 | -0.53pp | 31q | -0.6%-$981.5K | |
| CONSTELLATION ENERGY CORP | CEG | $154.2M | 620,960 | -0.58pp | 13q | -1.9%-$2.9M | |
| AMPHENOL CORP | APH | $151.1M | 857,100 | +0.38pp | 11q | +1.2%+$1.7M | |
| QUALCOMM INC | QCOM | $149.2M | 807,400 | +0.15pp | 11q | -14.3%-$25.0M | |
| MASTERCARD INCORPORATED | MA | $148.8M | 289,640 | -0.21pp | 7q | -1.0%-$1.4M | |
| CHENIERE ENERGY INC | LNG | $140.1M | 586,260 | -1.69pp | 13q | -31.4%-$64.3M | |
| CISCO SYS INC | CSCO | $138.0M | 1,175,076 | +0.48pp | 31q | +3.3%+$4.3M | |
| STRYKER CORPORATION | SYK | $128.4M | 407,720 | -0.68pp | 10q | -16.8%-$25.8M | |
| PUBLIC SVC ENTERPRISE GROUP | PEG | $110.4M | 1,360,650 | -0.60pp | 6q | -21.0%-$29.4M | |
| ALTRIA GROUP INC | MO | $91.0M | 1,264,600 | -0.07pp | 24q | -2.2%-$2.0M | |
| NETAPP INC | NTAP | $82.2M | 531,250 | +0.28pp | 31q | +3.1%+$2.5M | |
| MCKESSON CORP | MCK | $81.3M | 107,642 | -0.33pp | 28q | -1.9%-$1.5M | |
| FASTENAL CO | FAST | $79.5M | 1,656,050 | -0.11pp | 31q | -1.8%-$1.5M | |
| WW GRAINGER INC | GWW | $73.5M | 54,048 | +0.07pp | 31q | -2.1%-$1.6M | |
| PARKER-HANNIFIN CORP | PH | $71.8M | 73,400 | -0.03pp | 13q | HELD | |
| EXPEDIA GROUP INC | EXPE | $68.7M | 268,659 | -0.01pp | 6q | +1.1%+$757.1K | |
| INSMED INC | INSM | $64.5M | 604,700 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $60.0M | 1,040,700 | -0.14pp | 31q | HELD | |
| CADENCE DESIGN SYSTEM INC | CDNS | $54.9M | 146,200 | +0.13pp | 3q | +3.9%+$2.1M | |
| TAPESTRY INC | TPR | $52.2M | 356,576 | +0.14pp | 3q | +39.1%+$14.7M | |
| TRANE TECHNOLOGIES PLC | TT | $51.1M | 104,000 | +0.38pp | 9q | +131.1%+$29.0M | |
| ANALOG DEVICES INC | ADI | $50.0M | 125,940 | +0.35pp | 2q | +102.5%+$25.3M | |
| FORTINET INC | FTNT | $47.6M | 309,800 | - | new | NEW | |
| ADOBE INC | ADBE | $44.6M | 217,760 | +0.26pp | 11q | +146.3%+$26.5M | |
| TJX COS INC NEW | TJX | $40.9M | 270,200 | -0.09pp | 13q | +1.2%+$469.6K | |
| HP INC | HPQ | $39.2M | 1,785,815 | +0.10pp | 28q | +24.7%+$7.8M | |
| AUTODESK INC | ADSK | $38.9M | 200,292 | +0.02pp | 7q | +44.9%+$12.1M | |
| F5 INC | FFIV | $37.9M | 91,010 | +0.37pp | 9q | +245.7%+$26.9M | |
| FORTIVE CORP | FTV | $36.9M | 604,400 | +0.16pp | 2q | +55.5%+$13.2M | |
| WILLIAMS SONOMA INC | WSM | $36.3M | 155,700 | +0.05pp | 9q | HELD | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $36.1M | 103,120 | - | new | NEW | |
| HCA HEALTHCARE INC | HCA | $36.0M | 92,447 | -0.17pp | 31q | HELD | |
| MOTOROLA SOLUTIONS INC | MSI | $35.5M | 85,560 | -0.08pp | 31q | HELD | |
| SALESFORCE INC | CRM | $34.9M | 223,000 | -0.07pp | 6q | +16.8%+$5.0M | |
| INTERNATIONAL BUSINESS MACHS | IBM | $34.2M | 121,580 | +0.01pp | 10q | HELD | |
| INTUIT | INTU | $33.4M | 128,000 | +0.10pp | 9q | +149.8%+$20.0M | |
| GEN DIGITAL INC | GEN | $32.9M | 1,320,600 | +0.23pp | 9q | +98.6%+$16.3M | |
| CARDINAL HEALTH INC | CAH | $31.1M | 131,000 | +0.13pp | 2q | +52.1%+$10.7M | |
| HILTON WORLDWIDE HLDGS INC | HLT | $30.5M | 92,200 | +0.22pp | 9q | +140.1%+$17.8M | |
| AMGEN INC | AMGN | $30.4M | 83,980 | -0.04pp | 31q | HELD | |
| CINTAS CORP | CTAS | $30.2M | 177,796 | -0.05pp | 31q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $28.4M | 671,900 | -0.15pp | 12q | -4.7%-$1.4M | |
| OTIS WORLDWIDE CORP | OTIS | $28.3M | 394,800 | -0.09pp | 23q | -3.7%-$1.1M | |
| PTC INC | PTC | $26.7M | 234,626 | +0.30pp | 9q | +1421.0%+$24.9M | |
| ROLLINS INC | ROL | $26.5M | 635,417 | -0.15pp | 31q | HELD | |
| ROSS STORES INC | ROST | $24.3M | 114,000 | +0.05pp | 10q | +37.5%+$6.6M | |
| ACCENTURE PLC IRELAND | ACN | $23.9M | 192,138 | +0.05pp | 31q | +113.0%+$12.7M | |
| IDEXX LABS INC | IDXX | $23.9M | 45,360 | -1.75pp | 31q | -82.3%-$111.1M | |
| EMCOR GROUP INC | EME | $23.8M | 28,721 | +0.03pp | 9q | +13.1%+$2.8M | |
| ILLINOIS TOOL WKS INC | ITW | $23.6M | 87,203 | +0.01pp | 31q | +14.5%+$3.0M | |
| SNAP ON INC | SNA | $23.3M | 57,900 | -0.01pp | 31q | HELD | |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $19.6M | 505,480 | -0.13pp | 31q | +16.3%+$2.7M | |
| WORKDAY INC | WDAY | $16.4M | 134,100 | - | new | NEW | |
| COLGATE PALMOLIVE CO | CL | $16.4M | 178,909 | -0.01pp | 31q | HELD | |
| COMCAST CORP NEW | CMCSA | $16.2M | 658,400 | -0.08pp | 15q | -6.6%-$1.1M | |
| CF INDUSTRIES HOLD | CF | $16.1M | 148,600 | -0.09pp | 5q | -7.2%-$1.2M | |
| DECKERS OUTDOOR CORP | DECK | $15.8M | 159,472 | +0.17pp | 13q | +608.8%+$13.6M | |
| TARGA RES CORP | TRGP | $15.1M | 56,500 | - | new | NEW | |
| YUM BRANDS INC | YUM | $15.1M | 94,600 | -0.02pp | 13q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $14.0M | 66,000 | +0.08pp | 2q | +91.3%+$6.7M | |
| METTLER TOLEDO INTERNATIONAL | MTD | $13.9M | 10,850 | +0.13pp | 2q | +327.2%+$10.6M | |
| AMETEK INC | AME | $13.7M | 56,672 | +0.06pp | 31q | +58.0%+$5.0M | |
| CBOE GLOBAL MKTS INC | CBOE | $13.6M | 56,200 | +0.02pp | 2q | +48.7%+$4.5M | |
| TRIMBLE INC | TRMB | $13.4M | 261,800 | -0.07pp | 5q | HELD | |
| FIDELITY NATL FINL INC | FNF | $13.1M | 278,600 | +0.10pp | 6q | +190.2%+$8.6M | |
| EXPEDITORS INTL WASH INC | EXPD | $12.4M | 75,800 | flat | 31q | HELD | |
| NORDSON CORP | NDSN | $10.3M | 34,300 | - | new | NEW | |
| BANK OF NY MELLON CORP | BNY | $10.2M | 70,300 | +0.01pp | 10q | HELD | |
| VERISIGN INC | VRSN | $10.1M | 40,200 | -0.01pp | 9q | HELD | |
| VERALTO CORP | VLTO | $9.8M | 111,000 | -0.02pp | 11q | HELD | |
| VERISK ANALYTICS INC | VRSK | $9.7M | 54,280 | -0.04pp | 9q | -11.6%-$1.3M | |
| RESMED INC | RMD | $9.5M | 48,605 | +0.09pp | 6q | +406.0%+$7.6M | |
| LOEWS CORP | L | $7.2M | 63,400 | -0.02pp | 8q | -16.0%-$1.4M | |
| ALLSTATE CORP | ALL | $7.1M | 29,800 | - | new | NEW | |
| RPM INTL INC | RPM | $7.0M | 63,100 | - | new | NEW | |
| MONSTER BEVERAGE CORP NEW | MNST | $6.2M | 64,700 | +0.01pp | 4q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $4.6M | 13,800 | -0.02pp | 7q | -23.3%-$1.4M | |
| PHILIP MORRIS INTL INC | PM | $4.2M | 23,040 | flat | 31q | HELD | |
| MARATHON PETE CORP | MPC | $3.9M | 15,200 | - | new | NEW | |
| FOX CORP | FOXA | $3.4M | 65,100 | -0.01pp | 2q | HELD | |
| DOMINOS PIZZA INC | DPZ | $2.9M | 9,700 | -0.01pp | 31q | HELD | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $2.4M | 17,700 | -0.01pp | 6q | HELD | |
| KROGER CO | KR | $2.1M | 37,110 | -0.01pp | 31q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $1.7M | 2,190 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $1.4B | 18.0% |
| Software & IT Services | $1.1B | 13.6% |
| Computer Hardware | $962.5M | 12.1% |
| Biotech & Pharma | $720.9M | 9.1% |
| Instruments & Controls | $620.6M | 7.8% |
| Retail & Consumer | $518.0M | 6.5% |
| Industrials | $456.1M | 5.7% |
| Business Services | $447.8M | 5.6% |
| Utilities | $445.2M | 5.6% |
| Banks & Lending | $208.8M | 2.6% |
| Wholesale & Distribution | $188.9M | 2.4% |
| Real Estate | $170.9M | 2.1% |
| Other sectors | $702.3M | 8.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $8.0B | 102 | 12 | 38 | 28 | 13 | 38.0% | 45 |
| Q1 2026 | $7.0B | 103 | 11 | 9 | 55 | 14 | 34.9% | 42 |
| Q4 2025 | $8.5B | 106 | 4 | 38 | 10 | 15 | 33.5% | 41 |
| Q3 2025 | $7.4B | 117 | 3 | 53 | 9 | 96 | 31.1% | 22 |
| Q2 2025 | $7.1B | 210 | 9 | 39 | 87 | 11 | 17.6% | 44 |
| Q1 2025 | $7.0B | 212 | 24 | 61 | 50 | 20 | 18.9% | 42 |
| Q4 2024 | $7.5B | 208 | 9 | 40 | 92 | 16 | 19.5% | 43 |
| Q3 2024 | $8.3B | 215 | 14 | 65 | 59 | 18 | 17.2% | 44 |
| Q2 2024 | $8.4B | 219 | 29 | 37 | 98 | 30 | 19.3% | 26 |
| Q1 2024 | $10.3B | 220 | 10 | 44 | 33 | 8 | 19.3% | 68 |
| Q4 2023 | $9.7B | 218 | 27 | 44 | 45 | 20 | 19.2% | 43 |
| Q3 2023 | $9.2B | 211 | 7 | 47 | 42 | 10 | 18.1% | 25 |
| Q2 2023 | $10.0B | 214 | 24 | 47 | 42 | 19 | 19.2% | 42 |
| Q1 2023 | $9.8B | 209 | 10 | 54 | 52 | 24 | 20.2% | 133 |
| Q4 2022 | $10.0B | 223 | 12 | 86 | 21 | 23 | 21.6% | 223 |
| Q3 2022 | $9.2B | 234 | 21 | 66 | 36 | 19 | 22.8% | 46 |
| Q2 2022 | $10.2B | 232 | 29 | 75 | 68 | 35 | 24.0% | 43 |
| Q1 2022 | $12.9B | 238 | 21 | 74 | 38 | 20 | 23.5% | 153 |
| Q4 2021 | $13.4B | 237 | 21 | 80 | 49 | 20 | 22.9% | 25 |
| Q3 2021 | $12.3B | 236 | 21 | 63 | 34 | 16 | 22.4% | 26 |
| Q2 2021 | $12.0B | 231 | 21 | 104 | 37 | 20 | 20.7% | 23 |
| Q1 2021 | $10.8B | 230 | 23 | 113 | 54 | 31 | 20.7% | 44 |
| Q4 2020 | $10.4B | 238 | 25 | 108 | 49 | 52 | 21.7% | 39 |
| Q3 2020 | $9.7B | 265 | 6 | 124 | 40 | 54 | 20.9% | 29 |
| Q2 2020 | $8.9B | 313 | 27 | 142 | 83 | 63 | 20.1% | 22 |
| Q1 2020 | $7.2B | 349 | 33 | 168 | 100 | 33 | 20.5% | 22 |
| Q4 2019 | $8.9B | 349 | 31 | 97 | 56 | 33 | 20.0% | 34 |
| Q3 2019 | $8.2B | 351 | 33 | 130 | 149 | 25 | 18.8% | 24 |
| Q2 2019 | $7.7B | 343 | 20 | 162 | 46 | 24 | 21.3% | 95 |
| Q1 2019 | $7.2B | 347 | 34 | 240 | 67 | 80 | 21.2% | 186 |
| Q4 2018 | $5.0B | 393 | 0 | 0 | 0 | 0 | 18.9% | 276 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.