PBU - The Pension Fund of Early Childhood & Youth Educators

COPENHAGEN, G7 · CIK 2103310 · 13F filing filed 2026-07-16

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 nearbyCopenhagen

$4.4bn reported value -33.5% vs Q1 2026

124positions

39.4%in top 10

4 new 45 added 75 reduced 70 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	MICROSOFT CORP COM MSFT	MSFT	1,028,078	$383.5m8.67%	8.67%	Added +281.8k	+281,802 37.8%
2	NVIDIA CORPORATION COM NVDA	NVDA	1,365,862	$273.3m6.18%	6.18%	Reduced -1.1m	-1,100,363 -44.6%
3	APPLE INC COM AAPL	AAPL	888,448	$257.1m5.81%	5.81%	Reduced -570.4k	-570,445 -39.1%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	628,238	$222.0m5.02%	5.02%	Added +305.6k	+305,589 94.7%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	385,171	$137.6m3.11%	3.11%	Reduced -510.5k	-510,472 -57.0%
6	BROADCOM INC COM AVGO	AVGO	307,830	$116.3m2.63%	2.63%	Reduced -169.3k	-169,312 -35.5%
7	MICRON TECHNOLOGY INC COM MU	MU	84,727	$97.8m2.21%	2.21%	Reduced -52.5k	-52,470 -38.2%
8	META PLATFORMS INC CL A META	META	155,990	$87.9m1.99%	1.99%	Reduced -159.6k	-159,592 -50.6%
9	VISA INC COM CL A V	V	240,816	$82.6m1.87%	1.87%	Added +40.4k	+40,398 20.2%
10	GE AEROSPACE COM NEW GE	GE	220,302	$82.3m1.86%	1.86%	Added +60.6k	+60,593 37.9%
11	ADVANCED MICRO DEVICES INC COM AMD	AMD	126,915	$73.7m1.67%	1.67%	Added +82	+82 0.1%
12	MASTERCARD INCORPORATED CL A MA	MA	121,692	$62.5m1.41%	1.41%	Reduced -34.3k	-34,327 -22.0%
13	ELI LILLY & CO COM LLY	LLY	49,886	$59.8m1.35%	1.35%	Reduced -26.8k	-26,806 -35.0%
14	LAM RESEARCH CORP COM NEW LRCX	LRCX	132,667	$57.5m1.30%	1.30%	Reduced -453.4k	-453,434 -77.4%
15	APPLIED MATLS INC COM AMAT	AMAT	79,032	$57.1m1.29%	1.29%	Reduced -259.1k	-259,133 -76.6%
16	INTEL CORP COM INTC	INTC	395,203	$55.2m1.25%	1.25%	Reduced -84.1k	-84,110 -17.6%
17	JPMORGAN CHASE & CO COM JPM	JPM	156,450	$51.2m1.16%	1.16%	Reduced -318.1k	-318,133 -67.0%
18	HOME DEPOT INC COM HD	HD	131,300	$46.3m1.05%	1.05%	Reduced -35.4k	-35,445 -21.3%
19	CISCO SYS INC COM CSCO	CSCO	358,197	$42.1m0.95%	0.95%	Reduced -114.1k	-114,094 -24.2%
20	JOHNSON & JOHNSON COM JNJ	JNJ	159,777	$40.6m0.92%	0.92%	Reduced -84.3k	-84,273 -34.5%
21	MORGAN STANLEY COM NEW MS	MS	190,021	$39.7m0.90%	0.90%	Added +124	+124 0.1%
22	GE VERNOVA INC COM GEV	GEV	32,543	$38.2m0.86%	0.86%	Added +21	+21 0.1%
23	SCHWAB CHARLES CORP COM SCHW	SCHW	411,152	$37.9m0.86%	0.86%	Added +205.7k	+205,710 100.1%
24	CORNING INC COM GLW	GLW	144,400	$36.9m0.83%	0.83%	Added +94	+94 0.1%
25	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	148,728	$35.3m0.80%	0.80%	Added +74.4k	+74,413 100.1%
26	CITIGROUP INC COM NEW C	C	250,506	$35.1m0.79%	0.79%	Reduced -95.0k	-94,973 -27.5%
27	COSTCO WHSL CORP NEW COM COST	COST	37,454	$35.0m0.79%	0.79%	Reduced -66.4k	-66,407 -63.9%
28	UNITEDHEALTH GROUP INC COM UNH	UNH	82,466	$34.3m0.78%	0.78%	Added +54	+54 0.1%
29	CUMMINS INC COM CMI	CMI	47,465	$33.9m0.77%	0.77%	Reduced -20.7k	-20,739 -30.4%
30	TEXAS INSTRS INC COM TXN	TXN	111,591	$33.3m0.75%	0.75%	Added +73	+73 0.1%
31	SANDISK CORP COM SNDK	SNDK	14,122	$32.1m0.73%	0.73%	New
32	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	96,884	$32.0m0.72%	0.72%	Added +64	+64 0.1%
33	ECOLAB INC COM ECL	ECL	113,549	$31.6m0.72%	0.72%	Reduced -40.1k	-40,114 -26.1%
34	AIR PRODS & CHEMS INC COM APD	APD	102,859	$30.2m0.68%	0.68%	Reduced -4.0k	-3,950 -3.7%
35	ANALOG DEVICES INC COM ADI	ADI	75,077	$29.8m0.67%	0.67%	Added +48	+48 0.1%
36	CORTEVA INC COM CTVA	CTVA	349,969	$29.6m0.67%	0.67%	Reduced -12.4k	-12,369 -3.4%
37	SHERWIN WILLIAMS CO COM SHW	SHW	85,591	$29.5m0.67%	0.67%	Added +56	+56 0.1%
38	PARKER-HANNIFIN CORP COM PH	PH	30,098	$29.4m0.67%	0.67%	Reduced -13.5k	-13,490 -30.9%
39	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	37,933	$28.9m0.65%	0.65%	Added +24	+24 0.1%
40	BANK AMERICA CORP COM BAC	BAC	481,802	$27.5m0.62%	0.62%	Reduced -271.5k	-271,526 -36.0%
41	CAPITAL ONE FINL CORP COM COF	COF	135,276	$27.1m0.61%	0.61%	Reduced -3.8k	-3,781 -2.7%
42	FORD MTR CO COM F	F	1,949,102	$27.1m0.61%	0.61%	Added +1.3k	+1,272 0.1%
43	DEERE & CO COM DE	DE	41,198	$26.1m0.59%	0.59%	Added +26	+26 0.1%
44	MERCADOLIBRE INC COM MELI	MELI	15,216	$25.8m0.58%	0.58%	Reduced -4.0k	-4,038 -21.0%
45	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	91,100	$25.6m0.58%	0.58%	Reduced -130.4k	-130,444 -58.9%
46	EQUINIX INC COM EQIX	EQIX	24,503	$25.5m0.58%	0.58%	Reduced -3.9k	-3,868 -13.6%
47	STARBUCKS CORP COM SBUX	SBUX	249,314	$25.5m0.58%	0.58%	Added +163	+163 0.1%
48	NETFLIX INC COM NFLX	NFLX	356,739	$25.5m0.58%	0.58%	Reduced -126.3k	-126,296 -26.1%
49	GENERAL MTRS CO COM GM	GM	329,764	$25.4m0.57%	0.57%	Added +215	+215 0.1%
50	AMERICAN EXPRESS CO COM AXP	AXP	74,950	$25.4m0.57%	0.57%	Reduced -53.1k	-53,051 -41.5%
51	LOWES COS INC COM LOW	LOW	114,882	$25.3m0.57%	0.57%	Added +75	+75 0.1%
52	BLACKROCK INC COM BLK	BLK	26,321	$25.3m0.57%	0.57%	Added +17	+17 0.1%
53	ARISTA NETWORKS INC COM SHS ANET	ANET	148,632	$25.2m0.57%	0.57%	Reduced -393.9k	-393,900 -72.6%
54	ILLINOIS TOOL WKS INC COM ITW	ITW	92,566	$25.0m0.57%	0.57%	Reduced -41.9k	-41,948 -31.2%
55	PNC FINL SVCS GROUP INC COM PNC	PNC	98,970	$24.4m0.55%	0.55%	Reduced -52.4k	-52,372 -34.6%
56	MERCK & CO INC COM MRK	MRK	187,589	$24.1m0.55%	0.55%	Reduced -557.0k	-557,040 -74.8%
57	DISNEY WALT CO COM DIS	DIS	250,158	$24.1m0.54%	0.54%	Reduced -122.4k	-122,435 -32.9%
58	PACCAR INC COM PCAR	PCAR	199,415	$24.0m0.54%	0.54%	Added +130	+130 0.1%
59	ORACLE CORP COM ORCL	ORCL	163,247	$23.9m0.54%	0.54%	Reduced -38.6k	-38,576 -19.1%
60	DOMINION ENERGY INC COM D	D	345,110	$23.6m0.53%	0.53%	Added +102.9k	+102,926 42.5%
61	TJX COS INC NEW COM TJX	TJX	154,809	$23.5m0.53%	0.53%	Reduced -304.2k	-304,177 -66.3%
62	EBAY INC. COM EBAY	EBAY	207,588	$23.2m0.52%	0.52%	Reduced -565.7k	-565,651 -73.2%
63	ROSS STORES INC COM ROST	ROST	107,394	$22.9m0.52%	0.52%	Reduced -52.6k	-52,564 -32.9%
64	3M CO COM MMM	MMM	141,109	$22.8m0.52%	0.52%	Added +822	+822 0.6%
65	QUALCOMM INC COM QCOM	QCOM	122,458	$22.6m0.51%	0.51%	Reduced -128.7k	-128,743 -51.2%
66	CONSOLIDATED EDISON INC COM ED	ED	204,295	$22.6m0.51%	0.51%	Added +67.8k	+67,810 49.7%
67	SERVICENOW INC COM NOW	NOW	227,099	$22.5m0.51%	0.51%	Reduced -57.6k	-57,630 -20.2%
68	WEC ENERGY GROUP INC COM WEC	WEC	193,082	$22.5m0.51%	0.51%	Added +26.1k	+26,109 15.6%
69	NORFOLK SOUTHN CORP COM NSC	NSC	70,155	$22.1m0.50%	0.50%	Added +45	+45 0.1%
70	M & T BK CORP COM MTB	MTB	91,394	$21.8m0.49%	0.49%	Reduced -3.0k	-2,971 -3.1%
71	SALESFORCE INC COM CRM	CRM	138,850	$21.8m0.49%	0.49%	Reduced -43.8k	-43,758 -24.0%
72	EDWARDS LIFESCIENCES CORP COM EW	EW	229,478	$20.8m0.47%	0.47%	Added +181.1k	+181,089 374.2%
73	ABBVIE INC COM ABBV	ABBV	82,209	$20.7m0.47%	0.47%	Reduced -304.5k	-304,535 -78.7%
74	UBER TECHNOLOGIES INC COM UBER	UBER	281,476	$20.3m0.46%	0.46%	Added +183	+183 0.1%
75	EXELON CORP COM EXC	EXC	433,163	$20.2m0.46%	0.46%	Reduced -142.6k	-142,567 -24.8%
76	UNION PAC CORP COM UNP	UNP	71,261	$19.4m0.44%	0.44%	Reduced -60.6k	-60,610 -46.0%
77	MCDONALDS CORP COM MCD	MCD	70,924	$19.2m0.43%	0.43%	Added +46	+46 0.1%
78	PFIZER INC COM PFE	PFE	785,368	$18.9m0.43%	0.43%	Added +513	+513 0.1%
79	FEDEX CORP COM FDX	FDX	56,920	$17.8m0.40%	0.40%	Reduced -23.7k	-23,730 -29.4%
80	WELLS FARGO CO NEW COM WFC	WFC	212,497	$17.6m0.40%	0.40%	Reduced -246.5k	-246,483 -53.7%
81	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	78,324	$17.5m0.40%	0.40%	Reduced -39.7k	-39,653 -33.6%
82	S&P GLOBAL INC COM SPGI	SPGI	42,229	$17.2m0.39%	0.39%	Added +26	+26 0.1%
83	WASTE MGMT INC DEL COM WM	WM	76,717	$17.1m0.39%	0.39%	Reduced -8.3k	-8,271 -9.7%
84	SYSCO CORP COM SYY	SYY	200,280	$16.7m0.38%	0.38%	Reduced -122.0k	-122,027 -37.9%
85	XCEL ENERGY INC COM XEL	XEL	207,134	$16.6m0.38%	0.38%	Added +8.9k	+8,891 4.5%
86	EDISON INTL COM EIX	EIX	212,014	$15.8m0.36%	0.36%	Reduced -137.9k	-137,852 -39.4%
87	AUTOZONE INC COM AZO	AZO	4,867	$15.6m0.35%	0.35%	New
88	NEWMONT CORP COM NEM	NEM	161,013	$15.0m0.34%	0.34%	Reduced -585.8k	-585,802 -78.4%
89	COCA COLA CO COM KO	KO	183,144	$14.9m0.34%	0.34%	Reduced -653.5k	-653,503 -78.1%
90	YUM BRANDS INC COM YUM	YUM	90,735	$14.5m0.33%	0.33%	Added +59	+59 0.1%
91	PROGRESSIVE CORP COM PGR	PGR	65,150	$14.2m0.32%	0.32%	Reduced -189.4k	-189,399 -74.4%
92	DOORDASH INC CL A DASH	DASH	76,452	$14.1m0.32%	0.32%	Added +49	+49 0.1%
93	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	27,686	$13.9m0.31%	0.31%	Reduced -20.4k	-20,449 -42.5%
94	APPLOVIN CORP COM CL A APP	APP	26,640	$13.7m0.31%	0.31%	Reduced -14.5k	-14,522 -35.3%
95	NEXTERA ENERGY INC COM NEE	NEE	152,759	$13.4m0.30%	0.30%	Added +100	+100 0.1%
96	WATERS CORP COM WAT	WAT	35,492	$13.3m0.30%	0.30%	Reduced -21.2k	-21,158 -37.4%
97	AT&T INC COM T	T	636,914	$13.2m0.30%	0.30%	Reduced -315.0k	-315,028 -33.1%
98	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	219,692	$12.7m0.29%	0.29%	Reduced -214.9k	-214,939 -49.5%
99	EQUIFAX INC COM EFX	EFX	78,291	$12.4m0.28%	0.28%	New
100	GALLAGHER ARTHUR J & CO COM AJG	AJG	53,857	$12.4m0.28%	0.28%	Added +6.1k	+6,139 12.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
KLA CORP KLAC	KLAC	554,960	$81.7m555.0k shares
EMCOR GROUP INC EME	EME	75,081	$55.4m75.1k shares
VERIZON COMMUNICATIONS INC VZ	VZ	826,105	$41.5m826.1k shares
NETEASE INC NTES	NTES	321,279	$36.0m321.3k shares
TRANE TECHNOLOGIES PLC TT	TT	84,365	$35.2m84.4k shares
TORONTO DOMINION BK ONT TD	TD	355,871	$33.1m355.9k shares
ACCENTURE PLC IRELAND ACN	ACN	164,539	$32.6m164.5k shares
EATON CORP PLC ETN	ETN	90,188	$32.3m90.2k shares
TRACTOR SUPPLY CO TSCO	TSCO	710,832	$32.2m710.8k shares
HARTFORD INSURANCE GROUP INC HIG	HIG	226,993	$30.7m227.0k shares
STEEL DYNAMICS INC STLD	STLD	164,038	$29.5m164.0k shares
MANULIFE FINL CORP MFC	MFC	833,547	$28.6m833.5k shares
HCA HEALTHCARE INC HCA	HCA	58,394	$27.6m58.4k shares
CANADIAN IMPERIAL BANK OF CO CM	CM	282,370	$26.7m282.4k shares
JOHNSON CTLS INTL PLC JCI	JCI	199,076	$26.1m199.1k shares
ROYAL BK CDA RY	RY	158,735	$25.6m158.7k shares
CANADIAN NATL RY CO CNI	CNI	241,265	$24.8m241.3k shares
BROOKFIELD CORP BN	BN	603,573	$24.4m603.6k shares
AMERIPRISE FINL INC AMP	AMP	51,372	$22.8m51.4k shares
AGNICO EAGLE MINES LTD AEM	AEM	108,221	$21.9m108.2k shares
ADOBE INC ADBE	ADBE	89,697	$21.8m89.7k shares
BANK MONTREAL QUE BMO	BMO	152,951	$20.7m153.0k shares
INTUITIVE SURGICAL INC ISRG	ISRG	42,171	$19.4m42.2k shares
UBS GROUP AG UBS	UBS	490,514	$18.8m490.5k shares
CHUBB LIMITED CB	CB	57,380	$18.7m57.4k shares