Board of the Pension Protection Fund

CROYDON, X0 · CIK 2041021 · 13F filing filed 2026-08-07

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Kindasset owner
Others nearbyLondon

As an employer

In the UK

Gender pay gap report	Size	Hourly gap	Bonus gap	Women in top quarter of pay
THE BOARD OF THE PENSION PROTECTION FUND2025	250 to 499	14.8%	20.9%	44%

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$105.4m reported value -3.0% vs Q1 2026

110positions

18.5%in top 10

45 new 36 added 28 reduced 91 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BALL CORP COM BALL	BALL	35,000	$2.2m2.07%	2.07%	New
2	MAGNA INTL INC COM MGA	MGA	22,200	$2.1m1.96%	1.96%	New
3	INCYTE CORP COM INCY	INCY	17,600	$2.0m1.89%	1.89%	Added +6.8k	+6,800 63.0%
4	FLEX LTD ORD FLEX	FLEX	12,300	$2.0m1.89%	1.89%	Reduced -14.6k	-14,600 -54.3%
5	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	42,800	$1.9m1.83%	1.83%	Reduced -39.9k	-39,900 -48.2%
6	CITIZENS FINL GROUP INC COM CFG	CFG	27,200	$1.9m1.81%	1.81%	Added +26.1k	+26,100 2372.7%
7	CGI INC CL A SUB VTG GIB	GIB	20,600	$1.9m1.79%	1.79%	Added +1.4k	+1,400 7.3%
8	CENTENE CORP DEL COM CNC	CNC	29,000	$1.9m1.77%	1.77%	Added +20.1k	+20,100 225.8%
9	KEYCORP COM KEY	KEY	79,400	$1.8m1.74%	1.74%	Added +76.2k	+76,200 2381.2%
10	COOPER COS INC COM COO	COO	25,400	$1.8m1.73%	1.73%	New
11	LOEWS CORP COM L	L	16,000	$1.8m1.72%	1.72%	Added +900	+900 6.0%
12	SOUTHWEST AIRLS CO COM LUV	LUV	35,100	$1.8m1.71%	1.71%	Added +34.0k	+34,000 3090.9%
13	EDISON INTL COM EIX	EIX	24,100	$1.8m1.70%	1.70%	Reduced -2.4k	-2,400 -9.1%
14	EQUITABLE HLDGS INC COM EQH	EQH	40,800	$1.8m1.70%	1.70%	Added +6.2k	+6,200 17.9%
15	UNITED AIRLS HLDGS INC COM UAL	UAL	12,900	$1.8m1.66%	1.66%	Reduced -1.2k	-1,200 -8.5%
16	SYNCHRONY FINANCIAL COM SYF	SYF	23,000	$1.7m1.66%	1.66%	Added +300	+300 1.3%
17	INTERNATIONAL PAPER CO COM IP	IP	45,700	$1.7m1.65%	1.65%	New
18	WEYERHAEUSER CO MTN BE COM NEW WY	WY	72,500	$1.7m1.65%	1.65%	New
19	TEXTRON INC COM TXT	TXT	18,200	$1.7m1.58%	1.58%	Added +1.9k	+1,900 11.7%
20	PINTEREST INC CL A PINS	PINS	78,300	$1.6m1.56%	1.56%	Added +10.5k	+10,500 15.5%
21	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	17,900	$1.6m1.55%	1.55%	New
22	KENVUE INC COM KVUE	KVUE	85,400	$1.6m1.55%	1.55%	New
23	EXPAND ENERGY CORPORATION COM EXE	EXE	17,800	$1.6m1.54%	1.54%	New
24	TYSON FOODS INC CL A TSN	TSN	28,200	$1.6m1.53%	1.53%	New
25	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	11,700	$1.6m1.51%	1.51%	New
26	GLOBAL PMTS INC COM GPN	GPN	21,600	$1.6m1.49%	1.49%	Reduced -2.9k	-2,900 -11.8%
27	OMNICOM GROUP INC COM OMC	OMC	21,500	$1.6m1.48%	1.48%	Reduced -1.0k	-1,000 -4.4%
28	HARTFORD INSURANCE GROUP INC COM HIG	HIG	11,600	$1.5m1.46%	1.46%	Added +700	+700 6.4%
29	DELTA AIR LINES INC DEL COM NEW DAL	DAL	16,400	$1.5m1.46%	1.46%	Reduced -6.1k	-6,100 -27.1%
30	GEN DIGITAL INC COM GEN	GEN	61,400	$1.5m1.45%	1.45%	Reduced -12.4k	-12,400 -16.8%
31	EQT CORP COM EQT	EQT	28,600	$1.5m1.44%	1.44%	New
32	CINCINNATI FINL CORP COM CINF	CINF	8,100	$1.5m1.42%	1.42%	Reduced -1.3k	-1,300 -13.8%
33	PG&E CORP COM PCG	PCG	84,700	$1.4m1.35%	1.35%	Reduced -18.1k	-18,100 -17.6%
34	LAS VEGAS SANDS CORP COM LVS	LVS	30,500	$1.4m1.34%	1.34%	Added +1.0k	+1,000 3.4%
35	ZILLOW GROUP INC CL C CAP STK Z	Z	43,600	$1.4m1.30%	1.30%	New
36	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	22,000	$1.4m1.29%	1.29%	Reduced -900	-900 -3.9%
37	FIRSTENERGY CORP COM FE	FE	28,700	$1.4m1.29%	1.29%	New
38	HALLIBURTON CO COM HAL	HAL	39,900	$1.4m1.28%	1.28%	New
39	FOX CORP CL B COM FOX	FOX	28,500	$1.3m1.27%	1.27%	Added +2.4k	+2,400 9.2%
40	FOX CORP CL A COM FOXA	FOXA	25,400	$1.3m1.26%	1.26%	Added +2.1k	+2,100 9.0%
41	LEIDOS HOLDINGS INC COM LDOS	LDOS	12,800	$1.3m1.25%	1.25%	Added +10.1k	+10,100 374.1%
42	GODADDY INC CL A GDDY	GDDY	15,500	$1.3m1.25%	1.25%	Reduced -1.8k	-1,800 -10.4%
43	HP INC COM HPQ	HPQ	59,900	$1.3m1.25%	1.25%	Reduced -6.7k	-6,700 -10.1%
44	DOCUSIGN INC COM DOCU	DOCU	29,500	$1.3m1.24%	1.24%	Reduced -5.7k	-5,700 -16.2%
45	ZILLOW GROUP INC CL A ZG	ZG	41,300	$1.3m1.23%	1.23%	New
46	NEWS CORP NEW CL A NWSA	NWSA	52,000	$1.3m1.22%	1.22%	Added +18.4k	+18,400 54.8%
47	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	22,800	$1.3m1.21%	1.21%	Added +16.0k	+16,000 235.3%
48	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	24,100	$1.3m1.20%	1.20%	New
49	AMERICAN INTL GROUP INC COM NEW AIG	AIG	16,400	$1.2m1.16%	1.16%	Added +3.0k	+3,000 22.4%
50	COMCAST CORP NEW CL A CMCSA	CMCSA	49,400	$1.2m1.15%	1.15%	Added +41.9k	+41,900 558.7%
51	DOW INC COM DOW	DOW	44,100	$1.2m1.14%	1.14%	New
52	FIDELITY NATL INFORMATION SV COM FIS	FIS	28,800	$1.1m1.06%	1.06%	Added +18.1k	+18,100 169.2%
53	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	37,900	$1.1m1.05%	1.05%	Reduced -18.2k	-18,200 -32.4%
54	NEWS CORP NEW CL B NWS	NWS	37,600	$1.1m1.00%	1.00%	Reduced -15.6k	-15,600 -29.3%
55	FORD MTR CO COM F	F	74,900	$1.0m0.99%	0.99%	New
56	HCA HEALTHCARE INC COM HCA	HCA	2,640	$1.0m0.98%	0.98%	Added +2.0k	+2,040 340.0%
57	MCCORMICK & CO INC COM NON VTG MKC	MKC	20,400	$1.0m0.98%	0.98%	New
58	PAYPAL HLDGS INC COM PYPL	PYPL	23,500	$1.0m0.96%	0.96%	Reduced -15.6k	-15,600 -39.9%
59	ALLSTATE CORP COM ALL	ALL	3,900	$928.0k0.88%	0.88%	New
60	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	22,500	$871.4k0.83%	0.83%	Reduced -1.0k	-1,000 -4.3%
61	ARCH CAP GROUP LTD ORD ACGL	ACGL	8,600	$834.7k0.79%	0.79%	New
62	NISOURCE INC COM NI	NI	17,400	$827.4k0.78%	0.78%	Reduced -16.8k	-16,800 -49.1%
63	DOLLAR GEN CORP NEW COM DG	DG	6,900	$794.3k0.75%	0.75%	New
64	EXELON CORP COM EXC	EXC	17,000	$792.5k0.75%	0.75%	Reduced -19.1k	-19,100 -52.9%
65	FISERV INC COM FISV	FISV	15,800	$775.0k0.73%	0.73%	Added +14.1k	+14,100 829.4%
66	COSTAR GROUP INC COM CSGP	CSGP	23,500	$665.5k0.63%	0.63%	New
67	KROGER CO COM KR	KR	11,600	$644.1k0.61%	0.61%	New
68	REGIONS FINANCIAL CORP NEW COM RF	RF	21,300	$643.3k0.61%	0.61%	Reduced -34.1k	-34,100 -61.5%
69	QUEST DIAGNOSTICS INC COM DGX	DGX	3,000	$635.9k0.60%	0.60%	Added +2.8k	+2,800 1400.0%
70	CARDINAL HEALTH INC COM CAH	CAH	2,500	$593.9k0.56%	0.56%	Added +2.4k	+2,400 2400.0%
71	DEVON ENERGY CORP NEW COM DVN	DVN	14,100	$582.6k0.55%	0.55%	New
72	PENTAIR PLC SHS PNR	PNR	7,400	$567.3k0.54%	0.54%	Added +3.9k	+3,900 111.4%
73	KRAFT HEINZ CO COM KHC	KHC	24,000	$566.9k0.54%	0.54%	Added +23.0k	+23,000 2300.0%
74	CONSTELLATION BRANDS INC CL A STZ	STZ	4,000	$556.4k0.53%	0.53%	New
75	APTIV PLC COM SHS APTV	APTV	8,700	$534.0k0.51%	0.51%	Added +6.2k	+6,200 248.0%
76	AT&T INC COM T	T	24,100	$498.9k0.47%	0.47%	New
77	BCE INC COM NEW BCE	BCE	15,100	$461.3k0.44%	0.44%	New
78	SYSCO CORP COM SYY	SYY	5,200	$434.6k0.41%	0.41%	New
79	RAYMOND JAMES FINL INC COM RJF	RJF	2,700	$410.5k0.39%	0.39%	Reduced -6.6k	-6,600 -71.0%
80	AMERIPRISE FINL INC COM AMP	AMP	760	$348.7k0.33%	0.33%	Added +720	+720 1800.0%
81	BAKER HUGHES COMPANY CL A BKR	BKR	5,800	$321.9k0.31%	0.31%	New
82	CBRE GROUP INC CL A CBRE	CBRE	1,800	$242.4k0.23%	0.23%	New
83	KIMCO RLTY CORP COM KIM	KIM	9,000	$228.2k0.22%	0.22%	New
84	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	3,400	$217.6k0.21%	0.21%	Added +2.9k	+2,900 580.0%
85	ALLEGION PLC ORD SHS ALLE	ALLE	1,300	$182.6k0.17%	0.17%	Unchanged
86	PTC INC COM PTC	PTC	1,500	$170.4k0.16%	0.16%	Reduced -8.9k	-8,900 -85.6%
87	ON SEMICONDUCTOR CORP COM ON	ON	1,700	$160.7k0.15%	0.15%	Added +1.0k	+1,000 142.9%
88	FORTIVE CORP COM FTV	FTV	2,100	$128.3k0.12%	0.12%	Reduced -3.1k	-3,100 -59.6%
89	LAUDER ESTEE COS INC CL A EL	EL	1,600	$126.3k0.12%	0.12%	New
90	CENTERPOINT ENERGY INC COM CNP	CNP	2,800	$123.3k0.12%	0.12%	Added +1.1k	+1,100 64.7%
91	NEWMONT CORP COM NEM	NEM	1,300	$121.4k0.12%	0.12%	New
92	KINDER MORGAN INC DEL COM KMI	KMI	3,500	$111.9k0.11%	0.11%	New
93	US BANCORP DEL COM NEW USB	USB	1,800	$108.7k0.10%	0.10%	Added +800	+800 80.0%
94	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	1,800	$103.7k0.10%	0.10%	Added +700	+700 63.6%
95	RESTAURANT BRANDS INTL INC COM QSR	QSR	1,000	$102.9k0.10%	0.10%	New
96	KEURIG DR PEPPER INC COM KDP	KDP	3,000	$98.2k0.09%	0.09%	New
97	EVERSOURCE ENERGY COM ES	ES	1,300	$94.0k0.09%	0.09%	Added +500	+500 62.5%
98	ROLLINS INC COM ROL	ROL	2,200	$91.8k0.09%	0.09%	Reduced -2.4k	-2,400 -52.2%
99	HENRY JACK & ASSOC INC COM JKHY	JKHY	600	$82.6k0.08%	0.08%	New
100	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	1,700	$80.2k0.08%	0.08%	Reduced -25.5k	-25,500 -93.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DELL TECHNOLOGIES INC DELL	DELL	14,500	$2.4m14.5k shares
CELESTICA INC CLS	CLS	5,100	$2.0m5.1k shares
OPEN TEXT CORP OTEX	OTEX	63,600	$2.0m63.6k shares
ZOOM COMMUNICATIONS INC ZM	ZM	22,800	$1.8m22.8k shares
NETAPP INC NTAP	NTAP	17,500	$1.8m17.5k shares
ATMOS ENERGY CORP ATO	ATO	9,300	$1.7m9.3k shares
TRIMBLE INC TRMB	TRMB	26,300	$1.7m26.3k shares
MARVELL TECHNOLOGY INC MRVL	MRVL	17,300	$1.7m17.3k shares
DESCARTES SYS GROUP INC DSGX	DSGX	17,000	$1.7m17.0k shares
OKTA INC OKTA	OKTA	20,500	$1.6m20.5k shares
LIBERTY MEDIA CORP DEL FWONA	FWONA	19,600	$1.5m19.6k shares
FRANKLIN RESOURCES INC BEN	BEN	63,400	$1.5m63.4k shares
CDW CORP CDW	CDW	11,900	$1.4m11.9k shares
HUNTINGTON BANCSHARES INC HBAN	HBAN	87,200	$1.4m87.2k shares
PRUDENTIAL FINL INC PRU	PRU	13,900	$1.4m13.9k shares
NRG ENERGY INC NRG	NRG	8,500	$1.2m8.5k shares
CONSTELLATION ENERGY CORP CEG	CEG	4,360	$1.2m4.4k shares
AMERICAN WTR WKS CO INC NEW AWK	AWK	8,400	$1.1m8.4k shares
TE CONNECTIVITY PLC TEL	TEL	5,300	$1.1m5.3k shares
FIRST SOLAR INC FSLR	FSLR	5,500	$1.1m5.5k shares
ROBINHOOD MKTS INC HOOD	HOOD	14,500	$1.0m14.5k shares
PRINCIPAL FINANCIAL GROUP IN PFG	PFG	10,200	$919.1k10.2k shares
BANK NEW YORK MELLON CORP BNY	BNY	7,500	$889.7k7.5k shares
VERISIGN INC VRSN	VRSN	3,280	$814.6k3.3k shares
WABTEC WAB	WAB	2,300	$574.8k2.3k shares