SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Railway Pension Investments Ltd

CIK 0001658020 · 7 DEVONSHIRE SQUARE, LONDON, EC2M 4YH · 02073306807

Reported Value
$8.3B
Q3 2024
Positions
215
Filings on Record
36
2019–present window
Filed
Nov 13, 2024
original filing

Summary

Railway Pension Investments Ltd reported $8.3B in U.S.-listed holdings across 215 positions for Q3 2024.

Its largest position, MSFT, represents 2.1% of the portfolio.

Compared with Q2 2024, the fund opened 14 new positions and exited 18.

Portfolio Metrics

Turnover
+11.7%
vs prior filed quarter
Top-10 Concentration
+17.2%
share of reported value
Largest Position
+2.1%
Microsoft
New / Exited
14 / 18
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $447MQ4 ’18Q1 ’19: $1.4BQ2 ’19: $245MQ3 ’19: $8.2BQ4 ’19: $8.9BQ4 ’19Q1 ’20: $7.2BQ2 ’20: $8.9BQ3 ’20: $9.7BQ4 ’20: $10.4BQ4 ’20Q1 ’21: $10.8BQ2 ’21: $12.0BQ3 ’21: $12.3BQ4 ’21: $13.4BQ4 ’21Q1 ’22: $12.9BQ2 ’22: $12.9BQ3 ’22: $9.2BQ4 ’22: $5.0BQ4 ’22Q1 ’23: $5.3BQ2 ’23: $10.0BQ3 ’23: $9.2BQ4 ’23: $9.7BQ4 ’23Q2 ’24: $8.4BQ3 ’24: $8.3BQ4 ’24: $7.5BQ1 ’25: $7.0BQ1 ’25Q2 ’25: $7.1BQ3 ’25: $7.4BQ4 ’25: $8.5BQ1 ’26: $7.0BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 94.3%Other: 3.8%REIT: 1.6%ADR: 0.3%
  • Common Stock · 94.3% · $7.9B
  • Other · 3.8% · $314M
  • REIT · 1.6% · $137M
  • ADR · 0.3% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KOCOCA COLA CONEW+600.3K600.3K+$43M$43M
MRSHMARSH & MCLENNAN COS INCNEW+83.7K83.7K+$19M$19M
ARGXARGENX SENEW+22.8K22.8K+$12M$12M
ADIANALOG DEVICES INCNEW+39.7K39.7K+$9M$9M
SOSOUTHERN CONEW+57.7K57.7K+$5M$5M
HONGBPHONEYWELL INTL INCNEW+21.0K21.0K+$4M$4M
CMICUMMINS INCNEW+7.1K7.1K+$2M$2M
MEDTRONIC PLCNEW+23.4K23.4K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM2.14%$178M414.3K
2JNJJOHNSON & JOHNSONhistory →COM1.87%$156M963.9K
3NOWSERVICENOW INChistory →COM1.83%$153M171.0K
4WMTWALMART INChistory →COM1.70%$142M1.76M
5ABBVABBVIE INChistory →COM1.66%$138M700.8K
6METAMETA PLATFORMS INChistory →CL A1.64%$137M239.2K
7ACCENTURE PLC IRELANDSHS CLASS A1.62%$135M382.7K
8AVGOBROADCOM INChistory →COM1.58%$132M764.7K
9AAPLAPPLE INChistory →COM1.56%$130M559.9K
10NEENEXTERA ENERGY INChistory →COM1.56%$130M1.54M
11SPGIS&P GLOBAL INChistory →COM1.56%$130M252.3K
12GOOGLALPHABET INChistory →CAP STK CL A1.53%$128M769.8K
13PGPROCTER AND GAMBLE COhistory →COM1.45%$121M696.4K
14GILDGILEAD SCIENCES INChistory →COM1.44%$120M1.43M
15EQIXEQUINIX INChistory →COM1.43%$120M134.9K
16AMZNAMAZON COM INChistory →COM1.43%$119M638.3K
17CSCOCISCO SYS INChistory →COM1.42%$118M2.22M
18CEGCONSTELLATION ENERGY CORPhistory →COM1.41%$117M451.8K
19VVISA INChistory →COM CL A1.27%$106M386.0K
20PANWPALO ALTO NETWORKS INChistory →COM1.26%$105M307.9K
21MRKMERCK & CO INChistory →COM1.26%$105M922.4K
22ORLYOREILLY AUTOMOTIVE INChistory →COM1.25%$105M90.8K
23MOALTRIA GROUP INChistory →COM1.20%$100M1.96M
24TXNTEXAS INSTRS INChistory →COM1.19%$99M478.8K
25IDXXIDEXX LABS INChistory →COM1.17%$98M193.0K
26DHRDANAHER CORPORATIONhistory →COM1.17%$97M350.1K
27CLCOLGATE PALMOLIVE COhistory →COM1.16%$97M933.8K
28ELVELEVANCE HEALTH INChistory →COM1.15%$96M185.0K
29FCXFREEPORT-MCMORAN INChistory →CL B1.13%$94M1.88M
30TECK/BTECK RESOURCES LTDhistory →CL B1.11%$92M1.77M
31LNGCHENIERE ENERGY INChistory →COM NEW1.10%$92M511.0K
32TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.09%$91M146.4K
33AZOAUTOZONE INChistory →COM1.05%$87M27.7K
34COSTCOSTCO WHSL CORP NEWhistory →COM1.03%$86M97.1K
35AFWALIGN TECHNOLOGY INChistory →COM0.99%$83M326.4K
36CCOCAMECO CORPhistory →COM0.98%$82M1.71M
374I1PHILIP MORRIS INTL INChistory →COM0.96%$80M657.4K
38CNPCENTERPOINT ENERGY INChistory →COM0.95%$80M2.70M
39EWEDWARDS LIFESCIENCES CORPhistory →COM0.93%$77M1.17M
40FASTFASTENAL COhistory →COM0.92%$77M1.08M
41GWWGRAINGER W W INChistory →COM0.91%$76M73.5K
42KRKROGER COhistory →COM0.91%$76M1.33M
43MCKMCKESSON CORPhistory →COM0.87%$72M146.2K
44EQTEQT CORPhistory →COM0.86%$72M1.96M
45CHVCHEVRON CORP NEWhistory →COM0.86%$72M487.4K
46EOGEOG RES INChistory →COM0.79%$66M536.7K
47KLACKLA CORPhistory →COM NEW0.79%$66M84.8K
48HDHOME DEPOT INChistory →COM0.76%$64M157.0K
49BAHBOOZ ALLEN HAMILTON HLDG CORhistory →CL A0.75%$63M386.4K
50HCAHCA HEALTHCARE INChistory →COM0.73%$61M150.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$7.0B103May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.5B106Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.4B117Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.1B210Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.0B212May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.5B208Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$8.3B215Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$8.4B219Jul 26, 202413F-HRchanges · EDGAR ↗
Q4 2023$9.7B218Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$9.2B211Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$10.0B214Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.3B35May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$5.0B30Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.2B234Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$12.9B238Aug 31, 2022RESTATEMENTchanges · EDGAR ↗
Q1 2022$12.9B238Apr 25, 202213F-HRchanges · EDGAR ↗
Q4 2021$13.4B237Jan 25, 202213F-HRchanges · EDGAR ↗
Q3 2021$12.3B236Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$12.0B231Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$10.8B230May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$10.4B238Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$9.7B265Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$8.9B313Jul 22, 202013F-HRchanges · EDGAR ↗
Q1 2020$7.2B349Apr 22, 202013F-HRchanges · EDGAR ↗
Q4 2019$8.9B349Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$8.2B351Oct 24, 201913F-HRchanges · EDGAR ↗
Q2 2019$245M17Jul 16, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.4B9Apr 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$447M4Feb 22, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.