Q2 2026 13F · SEC CIK 1658020

Railway Pension Investments Ltd

Pension fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $8.0B
Reported positions: 102
Top holdings a year, 3 yrs: +20.3%
Average holding period: 4.5 yrs

Railway Pension Investments Ltd is a pension fund that reported 102 positions worth $8.0B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 5.9%), Apple Inc (AAPL, 4.8%), Alphabet Inc (GOOGL, 4.2%). A portfolio copying its top holdings returned 20.3% a year over the last 3 years, against 20.4% for the S&P 500.

Railway Pension Investments Ltd holdings largest 50 of 102 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Railway Pension Investments Ltd 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	5.9%	3.5%	2,356,300	+67.4%	$471.5M
AAPLApple Inc	4.8%	2.5%	1,320,786	+93.7%	$382.2M
GOOGLAlphabet Inc	4.2%	3.8%	929,030	+1.0%	$332.0M
LRCXLam Research Corp	4.1%	3.0%	754,700	-23.2%	$327.0M
AVGOBroadcom Inc	4.0%	3.3%	852,192	+12.9%	$321.9M
KLACKla Corp	3.5%	1.8%	926,652	+960.4%	$279.6M
AMZNAmazon Com Inc	3.0%	3.3%	996,040	-11.2%	$237.4M
MSFTMicrosoft Corp	2.9%	5.3%	617,170	-39.1%	$230.2M
TXNTexas Instrs Inc	2.8%	2.7%	760,371	-22.5%	$226.6M
VVisa Inc	2.7%	2.4%	628,679	+12.1%	$215.7M
ANETArista Networks Inc	2.5%	—	1,184,850	—	$201.3M
ABBVAbbvie Inc	2.5%	2.5%	792,949	-1.0%	$199.5M
BACBank of Amer Corp	2.5%	—	3,485,400	—	$198.6M
METAMeta Platforms Inc	2.4%	3.3%	342,200	-14.3%	$192.8M
NEENextera Energy Inc	2.3%	3.1%	2,056,432	-11.7%	$180.5M
TMOThermo Fisher Scientific Inc	2.3%	2.9%	358,970	-12.2%	$180.0M
EQIXEquinix Inc	2.1%	2.9%	163,989	-20.6%	$170.9M
JNJJohnson & Johnson	2.1%	2.3%	650,036	+0.0%	$165.1M
GILDGilead Sciences Inc	2.1%	2.6%	1,295,596	-0.6%	$163.7M
CEGConstellation Energy Corp	1.9%	2.5%	620,960	-1.9%	$154.2M
APHAmphenol Corp	1.9%	1.5%	857,100	+1.2%	$151.1M
QCOMQualcomm Inc	1.9%	1.7%	807,400	-14.3%	$149.2M
MAMastercard Incorporated	1.9%	2.1%	289,640	-1.0%	$148.8M
LNGCheniere Energy Inc	1.8%	3.5%	586,260	-31.4%	$140.1M
CSCOCisco Sys Inc	1.7%	1.3%	1,175,076	+3.3%	$138.0M
SYKStryker Corporation	1.6%	2.3%	407,720	-16.8%	$128.4M
PEGPublic Svc Enterprise Group	1.4%	2.0%	1,360,650	-21.0%	$110.4M
MOAltria Group Inc	1.1%	1.2%	1,264,600	-2.2%	$91.0M
NTAPNetapp Inc	1.0%	0.8%	531,250	+3.1%	$82.2M
MCKMckesson Corp	1.0%	1.4%	107,642	-1.9%	$81.3M
FASTFastenal Co	1.0%	1.1%	1,656,050	-1.8%	$79.5M
GWWWw Grainger Inc	0.9%	0.9%	54,048	-2.1%	$73.5M
PHParker-Hannifin Corp	0.9%	0.9%	73,400	+0.0%	$71.8M
EXPEExpedia Group Inc	0.9%	0.9%	268,659	+1.1%	$68.7M
INSMInsmed Inc	0.8%	—	604,700	—	$64.5M
BMYBristol-Myers Squibb Co	0.8%	0.9%	1,040,700	+0.0%	$60.0M
CDNSCadence Design System Inc	0.7%	0.6%	146,200	+3.9%	$54.9M
TPRTapestry Inc	0.7%	0.5%	356,576	+39.1%	$52.2M
TTTrane Technologies PLC	0.6%	—	104,000	—	$51.1M
ADIAnalog Devices Inc	0.6%	—	125,940	—	$50.0M
FTNTFortinet Inc	0.6%	—	309,800	—	$47.6M
ADBEAdobe Inc	0.6%	—	217,760	—	$44.6M
TJXTjx Cos Inc New	0.5%	0.6%	270,200	+1.2%	$40.9M
HPQHp Inc	0.5%	—	1,785,815	—	$39.2M
ADSKAutodesk Inc	0.5%	0.5%	200,292	+44.9%	$38.9M
FFIVF5 Inc	0.5%	—	91,010	—	$37.9M
FTVFortive Corp	0.5%	—	604,400	—	$36.9M
WSMWilliams Sonoma Inc	0.5%	—	155,700	—	$36.3M
KEYSKeysight Technologies Inc	0.5%	—	103,120	—	$36.1M
HCAHca Healthcare Inc	0.5%	0.6%	92,447	+0.0%	$36.0M

What Railway Pension Investments Ltd bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

KLAC Kla Corp+960.4% shares
AAPL Apple Inc+93.7% shares
NVDA Nvidia Corporation+67.4% shares
ADSK Autodesk Inc+44.9% shares
TPR Tapestry Inc+39.1% shares
AVGO Broadcom Inc+12.9% shares
V Visa Inc+12.1% shares

Reduced

MSFT Microsoft Corp-39.1% shares
LNG Cheniere Energy Inc-31.4% shares
LRCX Lam Research Corp-23.2% shares
TXN Texas Instrs Inc-22.5% shares
PEG Public Svc Enterprise Group-21.0% shares
EQIX Equinix Inc-20.6% shares
SYK Stryker Corporation-16.8% shares
QCOM Qualcomm Inc-14.3% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +18.0% /yr; S&P 500 +20.1%
3 years: +20.3% /yr; S&P 500 +20.4%
5 years: +8.4% /yr; S&P 500 +10.4%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$8.0B	102
Q1 2026	$7.0B	103
Q4 2025	$8.5B	106
Q3 2025	$7.4B	117
Q2 2025	$7.1B	210
Q1 2025	$7.0B	212
Q4 2024	$7.5B	208
Q3 2024	$8.3B	215
Q2 2024	$8.4B	219
Q1 2024	$10.3B	220
Q4 2023	$9.7B	218
Q3 2023	$9.2B	211

Questions about Railway Pension Investments Ltd's portfolio

What stocks does Railway Pension Investments Ltd own?

Railway Pension Investments Ltd's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 102 positions worth $8.0B. The largest are Nvidia Corporation (NVDA) at 5.9%, Apple Inc (AAPL) at 4.8%, Alphabet Inc (GOOGL) at 4.2%, Lam Research Corp (LRCX) at 4.1% and Broadcom Inc (AVGO) at 4.0%.

What did Railway Pension Investments Ltd buy last quarter?

In Q2 2026, Railway Pension Investments Ltd added Kla Corp (KLAC) (+960.4% shares), Apple Inc (AAPL) (+93.7% shares) and Nvidia Corporation (NVDA) (+67.4% shares), compared with its Q1 2026 filing.

What did Railway Pension Investments Ltd sell last quarter?

In Q2 2026, Railway Pension Investments Ltd cut from its top 50 Palo Alto Networks Inc (PANW), cut from its top 50 Idexx Labs Inc (IDXX), cut from its top 50 Oreilly Automotive Inc (ORLY), cut from its top 50 Servicenow Inc (NOW), cut from its top 50 Booking Holdings Inc (BKNG), Microsoft Corp (MSFT) (-39.1% shares), Cheniere Energy Inc (LNG) (-31.4% shares) and Lam Research Corp (LRCX) (-23.2% shares), compared with its Q1 2026 filing.

How has Railway Pension Investments Ltd's portfolio performed?

A portfolio copying Railway Pension Investments Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +18.0% against +20.1%. Over 5 years: +8.4% a year against +10.4%.

When is Railway Pension Investments Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. Railway Pension Investments Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.