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Bedrijfstakpensioenfonds Voor de Media Pno

CIK:0001274196
Pension Fund
$9B AUM
39 holdings
Hilversum, Netherlands
Founded:1947
50 employees
Latest filing:Sep 30, 2025

Pensioenfonds PNO Media is a Dutch non-profit pension fund founded in 1947, headquartered in Hilversum, Netherlands. Originally established for radio broadcasting employees, it now serves over 500 employers and 65,000 participants across the media, IT, entertainment, and creative sectors. With approximately 8.7 billion euros (about $9.2 billion USD) in assets under management, PNO Media is among the largest Dutch pension funds. It provides pension, disability, and survivor benefits, focusing on responsible investment and innovative retirement solutions for sector professionals.

Investment Strategy

PNO Media’s investment approach combines sustainability, risk management, and diversification. Its policy emphasizes responsible investment, allocating at least 3% of assets to impact strategies, including green bonds and private securities. The fund actively adjusts its portfolio in response to market trends, such as increasing interest rate hedges and reallocating away from underperforming listed property into alternatives and fixed income. It maintains a disciplined selection process for external managers and invests in strategies aligned with its long-term objectives for capital growth and social responsibility. All investments are made with an eye on achieving solid returns while supporting environmental and social progress.

Latest 13F Filing Activity

Bedrijfstakpensioenfonds Voor de Media Pno filed their most recent 13F report on Sep 30, 2025 disclosing 39 equity positions with a total 13F market value of $759M. The fund increased holdings in Alphabet Inc-cl A, Apple Computer Inc., Broadcom Inc. among other positions. Bedrijfstakpensioenfonds Voor de Media Pno reduced exposure to Dexcom Inc., Intuitive Surgical Inc., Microsoft Corp. among others.

Top Buys
G
GOOGLALPHABET INC-CL A
+$15.0M
A
AAPLAPPLE COMPUTER INC
+$11.5M
A
AVGOBROADCOM INC
+$8.9M
N
NVDANVIDIA
+$7.1M
P
PWRQUANTA SERVICES INC
+$6.0M
Top Sells
D
DXCMDEXCOM INC
-$5.7M
I
ISRGINTUITIVE SURGICAL INC
-$5.1M
M
MSFTMICROSOFT CORP
-$3.4M
N
NFLXNETFLIX INC
-$3.1M
N
NOWSERVICENOW INC
-$2.6M

Top Holdings

N
NVDANVIDIA
+10.5%$79.4M
M
MSFTMICROSOFT CORP
+8.1%$61.7M
A
AAPLAPPLE COMPUTER INC
+7.9%$59.7M
G
GOOGLALPHABET INC-CL A
+7.2%$54.8M
A
AMZNAMAZON.COM
+6.3%$47.5M

Equity Positions (39)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
NVIDIA10.46%$79.4M500,000$9.36$186.58+$7.1M
MICROSOFT CORP8.13%$61.7M140,000$59.55$517.95-$3.4M
APPLE COMPUTER INC7.87%$59.7M275,400$32.96$254.63+$11.5M
ALPHABET INC-CL A7.23%$54.8M265,000$41.65$243.10+$15.0M
AMAZON.COM6.26%$47.5M254,000$45.15$219.57-$8.0K

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+18.7%
SEMICONDUCTORS & RELATED DEVICES
+15.6%
ELECTRONIC COMPUTERS
+7.9%
SERVICES-BUSINESS SERVICES, NEC
+7.5%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+7.2%