British Airways Pensions Investment Management Ltd

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CIK 1536558

13F portfolio (2021-Q1)

$2.5B

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2021-Q1)

Holdings

Top 5

39.6%

Top 10

49.8%

Effective N

18.7

HHI

0.053

This quarter

6 new · 0 exit →

By sector

Unclassified37.0%

Information Technology14.1%

Consumer Discretionary11.8%

Industrials11.0%

Financials8.9%

Communication Services6.6%

Health Care5.2%

Materials2.6%

Other3.0%

By market cap

Unknown43.5%

Mega (>$200B)30.0%

Large ($10–200B)23.2%

Mid ($2–10B)2.4%

Small ($300M–2B)1.0%

By region

North America56.5%

Other37.0%

Asia-Pacific5.9%

Europe0.6%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	38.06%	10
Commercial Services & Supplies	6.97%	8
Specialty Retail	6.15%	8
Software	4.80%	5
Software & IT Services	4.64%	4
Technology Hardware & Equipment	4.41%	2
Semiconductors & Semiconductor Equipment	4.04%	6
Machinery	4.00%	7
Pharmaceuticals & Biotechnology	3.98%	8
Banks	3.56%	4
Insurance	2.48%	3
Automobiles & Components	2.43%	5
Chemicals	2.08%	4
Hotels, Restaurants & Leisure	1.91%	3
Road & Rail	1.55%	3
Health Care Equipment & Supplies	1.18%	2
Oil, Gas & Consumable Fuels	1.14%	2
Beverages	1.10%	2
Media & Entertainment	1.03%	1
Diversified Telecommunication Services	0.84%	2
Tobacco	0.72%	1
Capital Markets	0.69%	1
Distributors	0.64%	1
Entertainment	0.60%	1
Metals & Mining	0.48%	1
Communications Equipment	0.27%	1
Aerospace & Defense	0.24%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IVV	ISHARES TR	Unclassified	16.72%
2	VOO	VANGUARD INDEX FDS	Unclassified	12.76%
3	AAPL	Apple Inc.	Information Technology	3.58%
4	BABA	Alibaba Group Holding Ltd	Industrials	3.31%
5	MSFT	MICROSOFT CORP	Information Technology	3.22%
6	SPY	STATE STR SPDR S&P 500 ETF T	Unclassified	3.05%
7	AMZN	AMAZON COM INC	Consumer Discretionary	2.39%
8	GOOGL	Alphabet Inc.	Communication Services	1.68%
9	XLU	SELECT SECTOR SPDR TR	Unclassified	1.61%
10	JPM	JPMORGAN CHASE & CO	Financials	1.52%

88/96 names classified · sector 63.0% of weight · industry 61.9% · mkt cap 56.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 26 quarters

Information TechnologyAAPL, MSFT, CSCO, GE, ORCL · other

FinancialsJPM, V, UNH, WFC, BAC · other

IndustrialsBABA, BA, HON, MMM, CAT · other

Consumer DiscretionaryAMZN, HD, SBUX, MCD, JD · other

Health CareJNJ, MRK, AMGN, MDT, GILD · other

Communication ServicesMETA, GOOGL, DIS, VZ, T · other

EnergyXOM, CVX, SLB, EOG, HAL · other

Consumer StaplesPM, KO, PEP, MO, CVS · other

MaterialsPG, PPG, APD, AA, CL · other

UtilitiesSO, DUK, EXC, KMI, NEE · other

Real EstateCCI, PSA, WY, MAA, AMT

UnclassifiedIVV, VOO, SPY, XLRE, XLU · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 63.0% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2021-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (78 classified)British Airways Pensions Investment Management Ltd centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsIndustrialsCommunication ServicesHealth CareMaterialsConsumer StaplesEnergy

Style box summary for British Airways Pensions Investment Management Ltd: centroid Large Core. Heaviest cells: Large Growth 20.1%, Large Core 10.9%, Large Value 8.8%.

Classified: 55.7% of book weight (78/95 names) · unclassified 44.3%: IVV, VOO, BABA, SPY, XLU, XLRE, JD, , STLA, BIDU +7 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 96 positions (2021-Q1) · largest first · Δ vs 2020-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IVVISHARES TR	1,069,750	$426M	16.7%	TRIM −13%
2	VOOVANGUARD INDEX FDS	891,400	$325M	12.8%	TRIM −13%
3	AAPLAPPLE INC	746,336	$91M	3.6%	TRIM −8%
4	BABAALIBABA GROUP HLDG LTD	371,337	$84M	3.3%	TRIM −9%
5	MSFTMICROSOFT CORP	347,717	$82M	3.2%	TRIM −6%
6	SPYSTATE STR SPDR S&P 500 ETF T	196,073	$78M	3.1%	ADD 36%
7	AMZNAMAZON COM INC	19,657	$61M	2.4%	TRIM −6%
8	GOOGLALPHABET INC	20,758	$43M	1.7%	TRIM −6%
9	XLUSELECT SECTOR SPDR TR	638,288	$41M	1.6%	TRIM −6%
10	JPMJPMORGAN CHASE & CO	254,200	$39M	1.5%	TRIM −6%
11	XLRESELECT SECTOR SPDR TR	930,984	$37M	1.4%	TRIM −6%
12	JNJJOHNSON & JOHNSON	205,847	$34M	1.3%	ADD 16%
13	METAMETA PLATFORMS INC	112,594	$33M	1.3%	TRIM −6%
14	UNHUNITEDHEALTH GROUP INC	81,580	$30M	1.2%	TRIM −6%
15	GOOGALPHABET INC	13,913	$29M	1.1%	TRIM −6%
16	CMCSACOMCAST CORP NEW	482,897	$26M	1.0%	ADD 26%
17	JDJD.COM INC	303,515	$26M	1.0%	TRIM −15%
18	AVGOBROADCOM INC	49,769	$23M	0.9%	TRIM −6%
19	NVDANVIDIA CORPORATION	42,642	$23M	0.9%	ADD 43%
20	TMOTHERMO FISHER SCIENTIFIC INC	46,279	$21M	0.8%	TRIM −6%
21	TFCTRUIST FINL CORP	359,627	$21M	0.8%	ADD 12%
22	DEDEERE & CO	52,862	$20M	0.8%	ADD 3%
23	SBUXSTARBUCKS CORP	175,115	$19M	0.8%	ADD 5%
24	KOCOCA COLA CO	356,013	$19M	0.7%	TRIM −6%
25	CSXCSX CORP	193,495	$19M	0.7%	TRIM −6%
26	PMPHILIP MORRIS INTL INC	206,504	$18M	0.7%	NEW
27	MRSHMARSH & MCLENNAN COS INC	149,407	$18M	0.7%	ADD 24%
28	CVXCHEVRON CORP NEW	172,284	$18M	0.7%	TRIM −6%
29	GPNGLOBAL PMTS INC	88,383	$18M	0.7%	ADD 21%
30	GSGOLDMAN SACHS GROUP INC	53,486	$17M	0.7%	ADD 6%
31	PHPARKER-HANNIFIN CORP	55,032	$17M	0.7%	TRIM −12%
32	ZBHZIMMER BIOMET HOLDINGS INC	108,417	$17M	0.7%	TRIM −6%
33	CFGCITIZENS FINL GROUP INC	392,672	$17M	0.7%	TRIM −6%
34	IRINGERSOLL RAND INC	348,785	$17M	0.7%	ADD 17%
35	HLTHILTON WORLDWIDE HLDGS INC	139,905	$17M	0.7%	NEW
36	LEALEAR CORP	93,236	$17M	0.7%	ADD 4%
37	PPGPPG INDS INC	111,722	$17M	0.7%	TRIM −6%
38	VVISA INC	78,919	$17M	0.7%	TRIM −6%
39	NXPINXP SEMICONDUCTORS N V	82,395	$17M	0.7%	HOLD
40	NOWSERVICENOW INC	32,761	$16M	0.6%	ADD 12%
41	STLASTELLANTIS N.V	922,022	$16M	0.6%	NEW
42	SYYSYSCO CORP	206,712	$16M	0.6%	ADD 10%
43	TSLATESLA INC	24,160	$16M	0.6%	TRIM −32%
44	PGPROCTER AND GAMBLE CO	117,088	$16M	0.6%	TRIM −6%
45	HDHOME DEPOT INC	50,746	$15M	0.6%	TRIM −6%
46	MUMICRON TECHNOLOGY INC	173,774	$15M	0.6%	ADD 6%
47	DISDISNEY WALT CO	82,755	$15M	0.6%	TRIM −6%
48	URIUNITED RENTALS INC	45,948	$15M	0.6%	TRIM −31%
49	MAMASTERCARD INCORPORATED	41,510	$15M	0.6%	TRIM −6%
50	RRXREGAL REXNORD CORPORATION	102,428	$15M	0.6%	TRIM −6%
51	CBCHUBB LIMITED	92,100	$15M	0.6%	TRIM −6%
52	SAIASAIA INC	59,682	$14M	0.5%	ADD 7%
53	BACBANK AMERICA CORP	353,225	$14M	0.5%	NEW
54	AZOAUTOZONE INC	9,603	$13M	0.5%	ADD 16%
55	BMYBRISTOL-MYERS SQUIBB CO	213,424	$13M	0.5%	TRIM −6%
56	FIVEFIVE BELOW INC	70,522	$13M	0.5%	TRIM −6%
57	BIDUBAIDU INC	61,514	$13M	0.5%	ADD 22%
58	PYPLPAYPAL HLDGS INC	55,034	$13M	0.5%	TRIM −6%
59	ZBRAZEBRA TECHNOLOGIES CORPORATI	27,259	$13M	0.5%	TRIM −16%
60	ALVAUTOLIV INC	138,977	$13M	0.5%	ADD 20%
61	FRCBFIRST REP BK SAN FRANCISCO C	75,992	$13M	0.5%	TRIM −28%
62	INTCINTEL CORP	197,873	$13M	0.5%	TRIM −6%
63	CMGCHIPOTLE MEXICAN GRILL INC	8,878	$13M	0.5%	ADD 23%
64	PODDINSULET CORP	48,322	$13M	0.5%	TRIM −6%
65	FMCF M C CORP	113,683	$13M	0.5%	TRIM −6%
66	QRVOQORVO INC	68,456	$13M	0.5%	TRIM −16%
67	AMEDISYS INC COM	46,464	$12M	0.5%	TRIM −15%
68	FCXFREEPORT MCMORAN INC	372,945	$12M	0.5%	TRIM −26%
69	APTVAPTIV PLC	86,320	$12M	0.5%	TRIM −27%
70	PCRXPACIRA BIOSCIENCES INC	166,544	$12M	0.5%	ADD 15%
71	BRK.BBERKSHIRE HATHAWAY INC DEL	44,607	$11M	0.4%	TRIM −6%
72	VZVERIZON COMMUNICATIONS INC	194,250	$11M	0.4%	TRIM −6%
73	CPRTCOPART INC	103,461	$11M	0.4%	TRIM −6%
74	XOMEXXON MOBIL CORP	195,857	$11M	0.4%	TRIM −6%
75	TAT&T INC	336,761	$10M	0.4%	TRIM −6%
76	Ferguson Plc New	84,421	$10M	0.4%	NEW
77	PDDPDD HOLDINGS INC	74,356	$10M	0.4%	TRIM −4%
78	ABTABBOTT LABS	83,025	$10M	0.4%	TRIM −6%
79	IEXIDEX CORP	47,290	$10M	0.4%	TRIM −6%
80	VMIVALMONT INDS INC	41,508	$10M	0.4%	NEW
81	PFEPFIZER INC	255,692	$9M	0.4%	TRIM −6%
82	MNSTMONSTER BEVERAGE CORP NEW	101,082	$9M	0.4%	TRIM −6%
83	WMTWALMART INC	66,673	$9M	0.4%	TRIM −6%
84	MRKMERCK & CO INC	117,219	$9M	0.4%	TRIM −6%
85	PCTYPAYLOCITY HLDG CORP	45,122	$8M	0.3%	ADD 15%
86	ADBEADOBE INC	16,968	$8M	0.3%	TRIM −29%
87	NKENIKE INC	58,134	$8M	0.3%	TRIM −6%
88	NTESNETEASE COM INC	73,911	$8M	0.3%	TRIM −4%
89	COSTCOSTCO WHSL CORP NEW	21,027	$7M	0.3%	TRIM −35%
90	LLYELI LILLY & CO	39,442	$7M	0.3%	TRIM −6%
91	UNPUNION PAC CORP	31,933	$7M	0.3%	TRIM −6%
92	QCOMQUALCOMM INC	52,451	$7M	0.3%	TRIM −65%
93	AMGNAMGEN INC	26,854	$7M	0.3%	TRIM −6%
94	BABOEING CO	24,154	$6M	0.2%	TRIM −6%
95	TCOMTRIP COM GROUP LTD	134,200	$5M	0.2%	TRIM −4%
96	NIONIO INC	99,912	$4M	0.2%	TRIM −4%

☆British Airways Pensions Investment Management Ltd