# PBU - The Pension Fund of Early Childhood & Youth Educators

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2103310. Source: https://holderbook.com/funds/2103310-pbu-the-pension-fund-of-early-childhood-youth-educators/

- Reported value: $4.4B
- Positions: 124
- Weight of the ten largest: 39.4%
- Filed: 2026-07-16

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $383.5M | 1,028,078 | 8.7% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $273.3M | 1,365,862 | 6.2% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $257.1M | 888,448 | 5.8% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $222.0M | 628,238 | 5.0% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $137.6M | 385,171 | 3.1% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $116.3M | 307,830 | 2.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $97.8M | 84,727 | 2.2% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $87.9M | 155,990 | 2.0% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $82.6M | 240,816 | 1.9% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $82.3M | 220,302 | 1.9% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $73.7M | 126,915 | 1.7% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $62.5M | 121,692 | 1.4% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $59.8M | 49,886 | 1.4% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $57.5M | 132,667 | 1.3% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $57.1M | 79,032 | 1.3% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $55.2M | 395,203 | 1.2% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $51.2M | 156,450 | 1.2% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $46.3M | 131,300 | 1.0% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $42.1M | 358,197 | 1.0% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $40.6M | 159,777 | 0.9% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $39.7M | 190,021 | 0.9% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $38.2M | 32,543 | 0.9% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $37.9M | 411,152 | 0.9% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $36.9M | 144,400 | 0.8% | 3 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $35.3M | 148,728 | 0.8% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $35.1M | 250,506 | 0.8% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $35.0M | 37,454 | 0.8% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $34.3M | 82,466 | 0.8% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $33.9M | 47,465 | 0.8% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $33.3M | 111,591 | 0.8% | 3 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $32.1M | 14,122 | 0.7% | 1 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $32.0M | 96,884 | 0.7% | 3 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $31.6M | 113,549 | 0.7% | 3 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $30.2M | 102,859 | 0.7% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $29.8M | 75,077 | 0.7% | 3 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $29.6M | 349,969 | 0.7% | 3 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $29.5M | 85,591 | 0.7% | 3 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $29.4M | 30,098 | 0.7% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $28.9M | 37,933 | 0.7% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $27.5M | 481,802 | 0.6% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $27.1M | 135,276 | 0.6% | 3 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $27.1M | 1,949,102 | 0.6% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $26.1M | 41,198 | 0.6% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $25.8M | 15,216 | 0.6% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $25.6M | 91,100 | 0.6% | 3 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $25.5M | 24,503 | 0.6% | 3 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $25.5M | 249,314 | 0.6% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $25.5M | 356,739 | 0.6% | 3 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $25.4M | 329,764 | 0.6% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $25.4M | 74,950 | 0.6% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $25.3M | 114,882 | 0.6% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $25.3M | 26,321 | 0.6% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $25.2M | 148,632 | 0.6% | 3 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $25.0M | 92,566 | 0.6% | 3 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $24.4M | 98,970 | 0.6% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $24.1M | 187,589 | 0.5% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $24.1M | 250,158 | 0.5% | 3 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $24.0M | 199,415 | 0.5% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $23.9M | 163,247 | 0.5% | 3 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $23.6M | 345,110 | 0.5% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $23.5M | 154,809 | 0.5% | 3 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $23.2M | 207,588 | 0.5% | 3 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $22.9M | 107,394 | 0.5% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $22.8M | 141,109 | 0.5% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $22.6M | 122,458 | 0.5% | 3 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $22.6M | 204,295 | 0.5% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $22.5M | 227,099 | 0.5% | 3 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $22.5M | 193,082 | 0.5% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $22.1M | 70,155 | 0.5% | 3 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $21.8M | 91,394 | 0.5% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $21.8M | 138,850 | 0.5% | 3 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $20.8M | 229,478 | 0.5% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $20.7M | 82,209 | 0.5% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $20.3M | 281,476 | 0.5% | 3 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $20.2M | 433,163 | 0.5% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $19.4M | 71,261 | 0.4% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $19.2M | 70,924 | 0.4% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $18.9M | 785,368 | 0.4% | 3 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $17.8M | 56,920 | 0.4% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $17.6M | 212,497 | 0.4% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $17.5M | 78,324 | 0.4% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $17.2M | 42,229 | 0.4% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $17.1M | 76,717 | 0.4% | 3 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $16.7M | 200,280 | 0.4% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $16.6M | 207,134 | 0.4% | 3 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $15.8M | 212,014 | 0.4% | 3 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $15.6M | 4,867 | 0.4% | 1 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $15.0M | 161,013 | 0.3% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $14.9M | 183,144 | 0.3% | 3 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $14.5M | 90,735 | 0.3% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $14.2M | 65,150 | 0.3% | 3 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $14.1M | 76,452 | 0.3% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $13.9M | 27,686 | 0.3% | 3 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $13.7M | 26,640 | 0.3% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $13.4M | 152,759 | 0.3% | 3 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $13.3M | 35,492 | 0.3% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $13.2M | 636,914 | 0.3% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $12.7M | 219,692 | 0.3% | 3 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $12.4M | 78,291 | 0.3% | 1 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $12.4M | 53,857 | 0.3% | 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 2026 | +16.6% | +14.8% | +1.8% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.4B | 124 |
| Q1 2026 | $6.6B | 190 |
| Q4 2025 | $6.9B | 209 |