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Board of the Pension Protection Fund

CIK:0002041021
Pension Fund
$38B AUM
144 holdings
Croydon, United Kingdom
Founded:2005
400 employees
Latest filing:Sep 30, 2025

The Board of the Pension Protection Fund (PPF) is a statutory public corporation established in the United Kingdom to protect members of defined benefit pension schemes in the event their employer becomes insolvent. Headquartered in Croydon, the PPF manages significant assets—over 31 billion GBP—for approximately 289,000 members and is governed by a board comprising senior professionals from the investment, financial services, and public sectors. Founded in 2005, the PPF employs around 400 people and primarily serves UK pensioners and beneficiaries affected by insolvency.

Investment Strategy

The Pension Protection Fund employs a diversified investment strategy focused on long-term liability management for defined benefit pension schemes. Its approach balances risk and return by investing across public equity, fixed income, property, and alternative assets. The PPF emphasizes responsible stewardship and seeks to optimize performance while maintaining financial sustainability and protecting members' future pensions in line with its statutory objectives. The fund is recognized for being a leading institutional asset owner with sophisticated portfolio construction, risk analytics, and adherence to governance and regulatory best practices.

Latest 13F Filing Activity

Board of the Pension Protection Fund filed their most recent 13F report on Sep 30, 2025 disclosing 141 equity positions with a total 13F market value of $102M. The fund increased holdings in Delta Air Lines Inc. Del, Pure Storage Inc., Baker Hughes Company among other positions. Board of the Pension Protection Fund reduced exposure to Applovin Corp., Northern TR Corp., Cisco SYS Inc. among others.

Top Buys
D
DALDELTA AIR LINES INC DEL
+$1.1M
P
PSTGPURE STORAGE INC
+$1.1M
B
BKRBAKER HUGHES COMPANY
+$1.1M
T
TXTTEXTRON INC
+$1.1M
W
WBDWARNER BROS DISCOVERY INC
+$1.0M
Top Sells
A
APPAPPLOVIN CORP
-$2.0M
N
NTRSNORTHERN TR CORP
-$1.9M
C
CSCOCISCO SYS INC
-$1.7M
J
JNPRJUNIPER NETWORKS INC
-$1.6M
V
VRSNVERISIGN INC
-$1.6M

Top Holdings

H
HPEHEWLETT PACKARD ENTERPRISE C
+1.9%$1.9M
F
FLEXFLEX LTD
+1.8%$1.8M
L
LDOSLEIDOS HOLDINGS INC
+1.8%$1.8M
U
UALUNITED AIRLS HLDGS INC
+1.6%$1.7M
T
TXTTEXTRON INC
+1.6%$1.6M

Equity Positions (141)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
HEWLETT PACKARD ENTERPRISE C1.89%$1.9M78,600$21.42$24.56+$701.4K
FLEX LTD1.81%$1.8M31,900$49.92$57.97-$522.0K
LEIDOS HOLDINGS INC1.79%$1.8M9,700$156.88$188.96+$460.4K
UNITED AIRLS HLDGS INC1.63%$1.7M17,200$79.44$96.50+$704.2K
TEXTRON INC1.56%$1.6M18,900$83.00$84.49+$1.1M

Industry Allocation

FIRE, MARINE & CASUALTY INSURANCE
+12.9%
STATE COMMERCIAL BANKS
+4.8%
SERVICES-PREPACKAGED SOFTWARE
+4.5%
TELEVISION BROADCASTING STATIONS
+4.1%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+4.1%