PENSIOENFONDS RAIL & OV

CIK 0001218761 · Q3 2024

13F Equity AUM

$1.4T

+8.0% QoQ

Positions

-1 QoQ

AUM Rank

#18

Top 0.1%

Skill Alpha (FF)

+0.1%/yr^ns

No Clear Edge

Rank #2,247 · Top 27%

vs S&P -1.8%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 26.8%Top 10: 43.0%Top 20: 70.1%

MSFT9.7%

ADI4.9%

APH4.7%

AXP3.8%

ECL3.7%

MCHP3.5%

BKNG3.4%

CASY3.2%

TXRH3.2%

ICLR3.0%

Others (25)57.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology27.9%

Consumer Cyclical21.9%

Industrials13.1%

Healthcare12.3%

Financial Services9.0%

Basic Materials6.0%

Utilities4.4%

Consumer Defensive3.4%

Other2.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 35Median: 2.56%Avg: 2.86%

0–0.5%

0(0.0%)

0.5–1%

1(0.8%)

1–3%

24(56.1%)

3–5%

9(33.3%)

5%+

1(9.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 32Unique: 3vs 20 funds

0.5%Low

Fund positions

7,094

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 8 benchmark funds with highest portfolio overlap (Jaccard similarity)

0.9%

0.8%

0.9%

1.2%

0.6%

GEODE CAPITAL MANAGEMENT, LLC

0.9%

JPMORGAN CHASE & CO

0.7%

BANK OF AMERICA CORP /DE/

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased9Decreased15Exited2

New Positions

LII0.8%

+20K

Increased

APH4.7%

+203K(+24%)

MSFT9.7%

+190K(+141%)

MCHP3.5%

+110K(+22%)

ADI4.9%

+60K(+24%)

AWC2.2%

+49K(+29%)

AXP3.8%

+37K(+23%)

ECL3.7%

+34K(+20%)

ICLR3.0%

+28K(+23%)

BKNG3.4%

+2K(+27%)

Decreased

BAX1.9%

-125,699(-15%)

BALL2.2%

-115,574(-20%)

ATO2.3%

-70,188(-23%)

DG1.3%

-36,762(-15%)

PEP2.1%

-25,956(-13%)

ODFL1.9%

-22,414(-14%)

ABG2.1%

-21,344(-14%)

BDX2.1%

-19,365(-14%)

FDX2.4%

-17,804(-12%)

TSCO2.6%

-16,994(-12%)

Exited

ULTA

-66,261

ALB

-237,843

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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