SEC 13F Intelligence

Managers / Q1 2025 · 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
$4.9B
Q1 2025
Positions
87
Filings on Record
25
2019–present window
Filed
Apr 24, 2025
original filing

Summary

Border To Coast Pensions Partnership Ltd reported $4.9B in U.S.-listed holdings across 87 positions for Q1 2025.

Its largest position, VO, represents 6.4% of the portfolio.

Compared with Q4 2024, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+40.0%
share of reported value
Largest Position
+6.4%
Vanguard Mid Cap Etf
New / Exited
1 / 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: 86.7%ETP: 7.2%REIT: 5.4%ADR: 0.5%Other: 0.2%
  • Common Stock · 86.7% · $4.2B
  • ETP · 7.2% · $352M
  • REIT · 5.4% · $264M
  • ADR · 0.5% · $25M
  • Other · 0.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MLMMartin Marietta Materials IncNEW+68.4K68.4K+$33M$33M
CLHClean Harbors IncADDED+55.0K75.0K+$10M$15M
APOApollo Global Management IncADDED+100.0K160.0K+$12M$22M
JBBBJanus Henderson B-BBB CLO ETFADDED+105.0K175.0K+$5M$9M
BXBlackstone IncADDED+82.5K140.0K+$10M$20M
TPGTPG IncADDED+185.0K315.0K+$7M$15M
HESHess CorpSOLD OUT−157.6K0−$21M$0
FISFidelity National Information Services IncSOLD OUT−244.6K0−$20M$0

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

Holdings — Q1 2025

82 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOVanguard Mid-Cap ETFhistory →ETP6.41%$313M1.21M
2MSFTMicrosoft Corphistory →Common Stock6.26%$306M814.6K
3AAPLApple Inchistory →Common Stock5.47%$267M1.20M
4NVDANVIDIA Corphistory →Common Stock5.38%$262M2.42M
5AMZNAmazon.com Inchistory →Common Stock4.18%$204M1.07M
6GOOGLAlphabet Inchistory →Common Stock3.70%$181M1.17M
7BRK/BBerkshire Hathaway Inchistory →Common Stock2.52%$123M231.3K
8AVGOBroadcom Inchistory →Common Stock2.23%$109M649.4K
9METAMeta Platforms Inchistory →Common Stock1.95%$95M164.9K
10JPMJPMorgan Chase & Cohistory →Common Stock1.88%$92M373.9K
11VVisa Inchistory →Common Stock1.78%$87M247.9K
12NEENextEra Energy Inchistory →Common Stock1.77%$86M1.22M
13LLYEli Lilly & Cohistory →Common Stock1.73%$85M102.4K
14AMTAmerican Tower Corphistory →REIT1.68%$82M377.2K
15WMTWalmart Inchistory →Common Stock1.66%$81M923.4K
16HDHome Depot Inc/Thehistory →Common Stock1.58%$77M210.5K
17UNHUnitedHealth Group Inchistory →Common Stock1.52%$74M141.6K
18MAMastercard Inchistory →Common Stock1.46%$71M130.3K
19PGProcter & Gamble Co/Thehistory →Common Stock1.41%$69M405.0K
20UNPUnion Pacific Corphistory →Common Stock1.34%$66M277.3K
21ORCLOracle Corphistory →Common Stock1.32%$65M461.6K
22UBSUBS Group AGhistory →Common Stock1.30%$63M2.09M
23NFLXNetflix Inchistory →Common Stock1.25%$61M65.4K
24KOCoca-Cola Co/Thehistory →Common Stock1.16%$56M788.0K
25EQIXEquinix Inchistory →REIT1.13%$55M67.5K
26KKRKKR & Co Inchistory →Common Stock1.10%$54M465.0K
27WELLWelltower Inchistory →REIT1.10%$54M350.0K
28CVXChevron Corphistory →Common Stock1.10%$54M320.2K
29ABTAbbott Laboratorieshistory →Common Stock1.10%$54M403.6K
30BACBank of America Corphistory →Common Stock1.03%$50M1.21M
31MCDMcDonald's Corphistory →Common Stock1.02%$50M159.4K
32ACNAccenture PLChistory →Common Stock1.01%$49M157.7K
33AXPAmerican Express Cohistory →Common Stock1.00%$49M181.8K
34DEDeere & Cohistory →Common Stock1.00%$49M103.5K
35SHWSherwin-Williams Co/Thehistory →Common Stock0.98%$48M137.1K
36TMOThermo Fisher Scientific Inchistory →Common Stock0.96%$47M93.9K
37ENBEnbridge Inchistory →Common Stock0.95%$46M1.05M
38TJXTJX Cos Inc/Thehistory →Common Stock0.95%$46M380.7K
39RTXRTX Corphistory →Common Stock0.92%$45M339.6K
40CSCOCisco Systems Inchistory →Common Stock0.91%$44M718.7K
41DISWalt Disney Co/Thehistory →Common Stock0.89%$44M442.6K
42ADPAutomatic Data Processing Inchistory →Common Stock0.89%$44M142.6K
43MRKMerck & Co Inchistory →Common Stock0.88%$43M479.3K
44IRMIron Mountain Inchistory →REIT0.85%$41M480.0K
45ARCCAres Capital Corphistory →Common Stock0.84%$41M1.85M
46AONAon PLChistory →Common Stock0.80%$39M98.0K
47ZBHZimmer Biomet Holdings Inchistory →Common Stock0.78%$38M338.4K
48ADBEAdobe Inchistory →Common Stock0.78%$38M98.9K
49WABWestinghouse Air Brake Technologies Corphistory →Common Stock0.75%$36M201.0K
50MARMarriott International Inc/MDhistory →Common Stock0.74%$36M152.6K
51TXNTexas Instruments Inchistory →Common Stock0.73%$35M197.1K
52COPConocoPhillipshistory →Common Stock0.72%$35M336.4K
53RSGRepublic Services Inchistory →Common Stock0.71%$35M142.6K
54MLMMartin Marietta Materials Inchistory →Common Stock0.67%$33M68.4K
55OBDCBlue Owl Capital CorpCommon Stock0.66%$32M1.95M
56DHRDanaher Corphistory →Common Stock0.65%$32M155.9K
57VLTOVeralto Corphistory →Common Stock0.63%$31M314.2K
58JAAAJanus Henderson AAA CLO ETFhistory →ETP0.62%$30M600.0K
59ELVElevance Health Inchistory →Common Stock0.61%$30M68.1K
60OTISOtis Worldwide Corphistory →Common Stock0.56%$27M263.0K
61CNMCore & Main Inchistory →Common Stock0.55%$27M558.4K
62FLUTFlutter Entertainment PLChistory →Common Stock0.53%$26M117.2K
63COSTCostco Wholesale Corphistory →Common Stock0.52%$26M27.0K
64IBNICICI Bank Ltdhistory →ADR0.51%$25M791.1K
65PNCPNC Financial Services Group Inc/Thehistory →Common Stock0.49%$24M136.7K
66STZConstellation Brands Inchistory →Common Stock0.47%$23M126.2K
67TSLATesla Inchistory →Common Stock0.47%$23M88.4K
68APOApollo Global Management Inchistory →Common Stock0.45%$22M160.0K
69BXBlackstone Inchistory →Common Stock0.40%$20M140.0K
70AREAlexandria Real Estate Equities Inchistory →REIT0.38%$19M200.0K
71PSXPhillips 66history →Common Stock0.38%$18M149.2K
72LNGCheniere Energy Inchistory →Common Stock0.33%$16M70.0K
73GLOBGlobant SAhistory →Common Stock0.33%$16M137.0K
74TPGTPG Inchistory →Common Stock0.31%$15M315.0K
75CLHClean Harbors Inchistory →Common Stock0.30%$15M75.0K
76BXSLBlackstone Secured Lending Fundhistory →Common Stock0.30%$15M450.0K
77VICIVICI Properties Inchistory →REIT0.28%$14M425.0K
78HASIHA Sustainable Infrastructure Capital Inchistory →Common Stock0.25%$12M420.0K
79GBDCGolub Capital BDC Inchistory →Common Stock0.25%$12M800.0K
80Oxford Lane Capital CorpClosed-End Fund0.21%$10M2.20M
81JBBBJanus Henderson B-BBB CLO ETFETP0.17%$9M175.0K
82HTGCHercules Capital IncCommon Stock0.14%$7M350.0K

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 ↗.