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Public Sector Pension Investment Board

CIK:0001396318
Pension Fund
$244B AUM
1,234 holdings
Montréal, QC, Canada
Founded:1999
1,000 employees
Latest filing:Jun 30, 2025

The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation headquartered in Montréal, Québec, with its head office in Ottawa. Founded in 1999, it manages funds for pension plans of the federal Public Service, Canadian Forces, Royal Canadian Mounted Police (RCMP), and the Reserve Force. PSP Investments is among Canada’s largest pension investment managers, employing several hundred people, and serves public sector employees with a focus on generating long-term, sustainable returns.

Investment Strategy

PSP Investments uses a diversified, global investment strategy across public equities, private equities, real estate, infrastructure, credit investments, and natural resources. The board invests in both public and private assets, seeking to deliver optimal returns with a prudent approach to risks and with the aim of ensuring the long-term sustainability of Canada's major public sector pension plans. The organization leverages internal and external management expertise to maximize value and capitalize on complex, global investment opportunities.

Latest 13F Filing Activity

Public Sector Pension Investment Board filed their most recent 13F report on Jun 30, 2025 disclosing 1,214 equity positions and 5 options positions with a total 13F market value of $23B. The fund increased holdings in Canadian Imperial BK Comm, Royal BK Cda, Bank Montreal Que among other positions. Public Sector Pension Investment Board reduced exposure to Apple Inc., Amazon Com Inc., Mastercard Incorporated among others.

Top Buys
C
CMCANADIAN IMPERIAL BK COMM
+$240.1M
R
RYROYAL BK CDA
+$239.4M
B
BMOBANK MONTREAL QUE
+$233.3M
T
TDTORONTO DOMINION BK ONT
+$185.6M
A
AVGOBROADCOM INC
+$173.7M
Top Sells
A
AAPLAPPLE INC
-$280.3M
A
AMZNAMAZON COM INC
-$114.5M
M
MAMASTERCARD INCORPORATED
-$103.7M
M
METAMETA PLATFORMS INC
-$98.8M
T
TMOTHERMO FISHER SCIENTIFIC INC
-$79.7M

Top Holdings

M
MSFTMICROSOFT CORP
+5.9%$1.37B
N
NVDANVIDIA CORPORATION
+4.8%$1.13B
A
AAPLAPPLE INC
+3.9%$912.2M
A
AMZNAMAZON COM INC
+2.3%$546.9M
A
AVGOBROADCOM INC
+2.3%$529.7M

Equity Positions (1,214)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MICROSOFT CORP5.86%$1.37B2,760,349$293.66$497.41+$83.4M
NVIDIA CORPORATION4.82%$1.13B7,145,054$77.18$157.99+$102.9M
APPLE INC3.89%$912.2M4,445,876$173.88$205.17-$280.3M
AMAZON COM INC2.33%$546.9M2,492,621$158.90$219.39-$114.5M
BROADCOM INC2.26%$529.7M1,921,754$126.32$275.65+$173.7M

Options Positions (5)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
DICKS SPORTING GOODS INCNew
Call
$14.8M750$197.81$197.81+750+$14.8M
TESLA INCNew
Call
$9.5M300$317.66$317.66+300+$9.5M
LULULEMON ATHLETICA INCNew
Call
$9.5M400$237.58$237.58+400+$9.5M
APPLOVIN CORPNew
Call
$7.0M200$350.08$350.08+200+$7.0M
APPLE INCNew
Call
$6.6M320$205.17$205.17+320+$6.6M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+10.1%
SERVICES-PREPACKAGED SOFTWARE
+9.5%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+5.8%
NATIONAL COMMERCIAL BANKS
+4.7%
COMMERCIAL BANKS, NEC
+3.9%