SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Border to Coast Pensions Partnership Ltd

CIK 0001876496 · TORONTO SQUARE, TORONTO STREET, FLOOR 5, LEEDS, X0, LS1 2HJ · 0113 532 4396

Reported Value
$4.1B
Q4 2023
Positions
84
Filings on Record
25
2019–present window
Filed
Jan 16, 2024
original filing

Summary

Border To Coast Pensions Partnership Ltd reported $4.1B in U.S.-listed holdings across 84 positions for Q4 2023.

Its largest position, MSFT, represents 6.9% of the portfolio.

Compared with Q3 2023, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+39.2%
share of reported value
Largest Position
+6.9%
Microsoft
New / Exited
2 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q3 ’22: $3.1BQ3 ’22Q4 ’22: $3.1BQ1 ’23: $3.7BQ1 ’23Q2 ’23: $4.0BQ3 ’23: $3.8BQ3 ’23Q4 ’23: $4.1BQ1 ’24: $4.5BQ1 ’24Q2 ’24: $4.2BQ3 ’24: $4.9BQ3 ’24Q4 ’24: $5.1BQ1 ’25: $4.9BQ1 ’25Q2 ’25: $5.4BQ3 ’25: $5.7BQ3 ’25Q4 ’25: $5.7BQ1 ’26: $5.9BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%ETP: 7.6%REIT: 7.4%ADR: 0.5%Other: 0.2%
  • Common Stock · 84.3% · $3.5B
  • ETP · 7.6% · $310M
  • REIT · 7.4% · $303M
  • ADR · 0.5% · $19M
  • Other · 0.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MAMastercard IncNEW+80.9K80.9K+$35M$35M
VLTOVeralto CorpNEW+52.1K52.1K+$4M$4M
Activision Blizzard IncSOLD OUT−298.2K0−$28M$0
CRHCRH PLCSOLD OUT−290.0K0−$16M$0
DGDollar General CorpSOLD OUT−82.7K0−$9M$0
EMBiShares J.P. Morgan USD Emerging Markets Bond ETFTRIMMED−462.0K446.0K−$35M$40M
PNCPNC Financial Services Group Inc/TheADDED+22.6K115.3K+$6M$18M
VVisa IncTRIMMED−80.0K259.8K−$11M$68M

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

Holdings — Q4 2023

79 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →Common Stock6.91%$283M753.5K
2VOVanguard Mid-Cap ETFhistory →ETP6.59%$270M1.16M
3AAPLApple Inchistory →Common Stock6.26%$256M1.33M
4GOOGLAlphabet Inchistory →Common Stock4.12%$169M1.21M
5AMZNAmazon.com Inchistory →Common Stock3.74%$153M1.01M
6NVDANVIDIA Corphistory →Common Stock3.64%$149M300.8K
7AMTAmerican Tower Corphistory →REIT2.23%$91M423.4K
8BRK/BBerkshire Hathaway Inchistory →Common Stock2.00%$82M229.4K
9AVGOBroadcom Inchistory →Common Stock1.90%$78M69.6K
10EQIXEquinix Inchistory →REIT1.81%$74M92.3K
11UNHUnitedHealth Group Inchistory →Common Stock1.80%$74M140.1K
12NEENextEra Energy Inchistory →Common Stock1.77%$73M1.19M
13JPMJPMorgan Chase & Cohistory →Common Stock1.76%$72M423.5K
14LLYEli Lilly & Cohistory →Common Stock1.65%$68M116.1K
15VVisa Inchistory →Common Stock1.65%$68M259.8K
16HDHome Depot Inc/Thehistory →Common Stock1.48%$61M175.5K
17PGProcter & Gamble Co/Thehistory →Common Stock1.44%$59M401.5K
18UBSUBS Group AGhistory →Common Stock1.38%$56M1.82M
19ADBEAdobe Inchistory →Common Stock1.36%$56M93.3K
20MRKMerck & Co Inchistory →Common Stock1.26%$52M475.2K
21CVXChevron Corphistory →Common Stock1.26%$51M345.1K
22UNPUnion Pacific Corphistory →Common Stock1.24%$51M207.2K
23WELLWelltower Inchistory →REIT1.21%$50M551.6K
24METAMeta Platforms Inchistory →Common Stock1.19%$49M137.5K
25LINLinde PLChistory →Common Stock1.15%$47M114.7K
26LNGCheniere Energy Inchistory →Common Stock1.15%$47M275.0K
27MCDMcDonald's Corphistory →Common Stock1.14%$47M158.0K
28KOCoca-Cola Co/Thehistory →Common Stock1.12%$46M781.3K
29KKRKKR & Co Inchistory →Common Stock1.11%$45M547.8K
30ORCLOracle Corphistory →Common Stock1.11%$45M429.8K
31WMTWalmart Inchistory →Common Stock1.10%$45M284.9K
32ACNAccenture PLChistory →Common Stock1.07%$44M124.4K
33TMOThermo Fisher Scientific Inchistory →Common Stock1.03%$42M79.5K
34ARCCAres Capital Corphistory →Common Stock1.00%$41M2.05M
35JNJJohnson & Johnsonhistory →Common Stock0.99%$41M258.7K
36ABTAbbott Laboratorieshistory →Common Stock0.99%$40M367.6K
37COPConocoPhillipshistory →Common Stock0.99%$40M348.4K
38DHRDanaher Corphistory →Common Stock0.99%$40M174.5K
39BACBank of America Corphistory →Common Stock0.98%$40M1.20M
40HONHoneywell International Inchistory →Common Stock0.97%$40M190.1K
41EMBiShares J.P. Morgan USD Emerging Markets Bond ETFhistory →ETP0.97%$40M446.0K
42AREAlexandria Real Estate Equities Inchistory →REIT0.97%$40M312.9K
43IRMIron Mountain Inchistory →REIT0.96%$39M561.0K
44COSTCostco Wholesale Corphistory →Common Stock0.95%$39M59.0K
45AXPAmerican Express Cohistory →Common Stock0.94%$38M204.9K
46ENBEnbridge Inchistory →Common Stock0.86%$35M971.0K
47DEDeere & Cohistory →Common Stock0.86%$35M87.7K
48MAMastercard Inchistory →Common Stock0.84%$35M80.9K
49CSCOCisco Systems Inchistory →Common Stock0.83%$34M677.0K
50TXNTexas Instruments Inchistory →Common Stock0.81%$33M195.4K
51TJXTJX Cos Inc/Thehistory →Common Stock0.81%$33M353.9K
52OBDCBlue Owl Capital Corphistory →Common Stock0.74%$30M2.06M
53STZConstellation Brands Inchistory →Common Stock0.74%$30M125.2K
54RTXRTX Corphistory →Common Stock0.69%$28M336.7K
55ADPAutomatic Data Processing Inchistory →Common Stock0.68%$28M118.8K
56ELVElevance Health Inchistory →Common Stock0.66%$27M57.4K
57NFLXNetflix Inchistory →Common Stock0.66%$27M55.2K
58STLAStellantis NVhistory →Common Stock0.65%$26M1.13M
59RSGRepublic Services Inchistory →Common Stock0.64%$26M159.3K
60DISWalt Disney Co/Thehistory →Common Stock0.63%$26M283.7K
61WABWestinghouse Air Brake Technologies Corphistory →Common Stock0.62%$25M199.3K
62AONAon PLChistory →Common Stock0.60%$25M85.2K
63NKENIKE Inchistory →Common Stock0.60%$25M227.7K
64HESHess Corphistory →Common Stock0.57%$24M163.2K
65OTISOtis Worldwide Corphistory →Common Stock0.57%$23M260.7K
66GBDCGolub Capital BDC Inchistory →Common Stock0.53%$22M1.44M
67PSXPhillips 66history →Common Stock0.50%$21M154.5K
68IBNICICI Bank Ltdhistory →ADR0.47%$19M806.2K
69ZBHZimmer Biomet Holdings Inchistory →Common Stock0.46%$19M153.9K
70PNCPNC Financial Services Group Inc/Thehistory →Common Stock0.44%$18M115.3K
71ESEversource Energyhistory →Common Stock0.40%$17M268.5K
72XYLXylem Inc/NYhistory →Common Stock0.39%$16M140.6K
73FISFidelity National Information Services Inchistory →Common Stock0.36%$15M242.5K
74HASIHannon Armstrong Sustainable Infrastructure Capital Inchistory →REIT0.33%$13M484.5K
75Outfront Media IncREIT0.25%$10M723.8K
76BXMTBlackstone Mortgage Trust IncREIT0.20%$8M384.2K
77HTGCHercules Capital IncCommon Stock0.15%$6M374.8K
78VLTOVeralto CorpCommon Stock0.10%$4M52.1K
79KVUEKenvue IncCommon Stock0.07%$3M132.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.9B96Apr 22, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.7B88Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.7B87Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.4B86Jul 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.9B87Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.1B89Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.9B91Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.2B85Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.5B85Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.1B84Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.8B85Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.0B88Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.7B89May 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.1B89Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.1B96Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022Under review97Jan 30, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2022Under review99Jan 30, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2021Under review84Jan 30, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2021Under review83Jan 30, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2021Under review89Jan 30, 2023RESTATEMENTchanges · 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 ↗.