SEC 13F Intelligence

Managers / Q2 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
$5.4B
Q2 2025
Positions
86
Filings on Record
25
2019–present window
Filed
Jul 14, 2025
original filing

Summary

Border To Coast Pensions Partnership Ltd reported $5.4B in U.S.-listed holdings across 86 positions for Q2 2025.

Its largest position, MSFT, represents 7.5% of the portfolio.

Compared with Q1 2025, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+43.2%
share of reported value
Largest Position
+7.5%
Microsoft
New / Exited
3 / 4
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: 87.5%ETP: 7.0%REIT: 4.8%ADR: 0.5%Other: 0.2%
  • Common Stock · 87.5% · $4.8B
  • ETP · 7.0% · $379M
  • REIT · 4.8% · $261M
  • ADR · 0.5% · $29M
  • Other · 0.2% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CCEPCoca-Cola Europacific Partners PLCNEW+453.6K453.6K+$42M$42M
ZTSZoetis IncNEW+215.8K215.8K+$34M$34M
DGDollar General CorpNEW+204.2K204.2K+$23M$23M
MRKMerck & Co IncSOLD OUT−479.3K0−$43M$0
OTISOtis Worldwide CorpSOLD OUT−263.0K0−$27M$0
STZConstellation Brands IncSOLD OUT−126.2K0−$23M$0
PSXPhillips 66SOLD OUT−149.2K0−$18M$0
ADBEAdobe IncTRIMMED−71.4K27.6K−$27M$11M

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

Holdings — Q2 2025

81 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →Common Stock7.53%$410M824.8K
2NVDANVIDIA Corphistory →Common Stock7.27%$396M2.51M
3VOVanguard Mid-Cap ETFhistory →ETP6.22%$339M1.21M
4AMZNAmazon.com Inchistory →Common Stock4.58%$249M1.14M
5AAPLApple Inchistory →Common Stock4.37%$238M1.16M
6GOOGLAlphabet Inchistory →Common Stock3.70%$202M1.14M
7AVGOBroadcom Inchistory →Common Stock3.15%$172M622.8K
8METAMeta Platforms Inchistory →Common Stock2.23%$122M164.9K
9JPMJPMorgan Chase & Cohistory →Common Stock2.12%$116M398.7K
10BRK/BBerkshire Hathaway Inchistory →Common Stock2.06%$112M231.3K
11ORCLOracle Corphistory →Common Stock1.97%$107M491.3K
12NFLXNetflix Inchistory →Common Stock1.61%$88M65.4K
13NEENextEra Energy Inchistory →Common Stock1.58%$86M1.24M
14WMTWalmart Inchistory →Common Stock1.57%$85M871.8K
15AMTAmerican Tower Corphistory →REIT1.56%$85M384.8K
16HDHome Depot Inc/Thehistory →Common Stock1.50%$82M222.4K
17LLYEli Lilly & Cohistory →Common Stock1.47%$80M102.4K
18UBSUBS Group AGhistory →Common Stock1.43%$78M2.31M
19MAMastercard Inchistory →Common Stock1.34%$73M130.3K
20UNPUnion Pacific Corphistory →Common Stock1.30%$71M307.3K
21VVisa Inchistory →Common Stock1.27%$69M195.5K
22BACBank of America Corphistory →Common Stock1.21%$66M1.40M
23PGProcter & Gamble Co/Thehistory →Common Stock1.18%$65M405.0K
24DEDeere & Cohistory →Common Stock1.17%$64M125.6K
25DISWalt Disney Co/Thehistory →Common Stock1.15%$62M503.0K
26KKRKKR & Co Inchistory →Common Stock1.12%$61M460.0K
27ACNAccenture PLChistory →Common Stock1.11%$60M201.4K
28CSCOCisco Systems Inchistory →Common Stock1.09%$59M852.3K
29AXPAmerican Express Cohistory →Common Stock1.06%$58M181.8K
30TMOThermo Fisher Scientific Inchistory →Common Stock1.05%$57M141.1K
31UNHUnitedHealth Group Inchistory →Common Stock1.04%$57M181.6K
32KOCoca-Cola Co/Thehistory →Common Stock1.02%$56M788.0K
33ABTAbbott Laboratorieshistory →Common Stock1.01%$55M403.6K
34RTXRTX Corphistory →Common Stock1.00%$55M373.9K
35TXNTexas Instruments Inchistory →Common Stock0.92%$50M241.7K
36WELLWelltower Inchistory →REIT0.92%$50M325.0K
37EQIXEquinix Inchistory →REIT0.91%$50M62.5K
38IRMIron Mountain Inchistory →REIT0.90%$49M480.0K
39ENBEnbridge Inchistory →Common Stock0.89%$49M1.07M
40SHWSherwin-Williams Co/Thehistory →Common Stock0.86%$47M137.1K
41TJXTJX Cos Inc/Thehistory →Common Stock0.86%$47M380.7K
42MARMarriott International Inc/MDhistory →Common Stock0.86%$47M171.2K
43CVXChevron Corphistory →Common Stock0.84%$46M320.2K
44ADPAutomatic Data Processing Inchistory →Common Stock0.81%$44M142.6K
45MLMMartin Marietta Materials Inchistory →Common Stock0.77%$42M76.9K
46WABWestinghouse Air Brake Technologies Corphistory →Common Stock0.77%$42M201.0K
47ARCCAres Capital Corphistory →Common Stock0.77%$42M1.90M
48CCEPCoca-Cola Europacific Partners PLChistory →Common Stock0.77%$42M453.6K
49MCDMcDonald's Corphistory →Common Stock0.72%$39M134.5K
50AONAon PLChistory →Common Stock0.67%$37M102.6K
51CNMCore & Main Inchistory →Common Stock0.67%$36M604.1K
52ZTSZoetis Inchistory →Common Stock0.62%$34M215.8K
53OBDCBlue Owl Capital CorpCommon Stock0.61%$33M2.05M
54FLUTFlutter Entertainment PLChistory →Common Stock0.59%$32M113.0K
55VLTOVeralto Corphistory →Common Stock0.58%$32M314.2K
56RSGRepublic Services Inchistory →Common Stock0.57%$31M126.6K
57ZBHZimmer Biomet Holdings Inchistory →Common Stock0.57%$31M338.4K
58DHRDanaher Corphistory →Common Stock0.57%$31M155.9K
59JAAAJanus Henderson AAA CLO ETFhistory →ETP0.56%$30M600.0K
60COPConocoPhillipshistory →Common Stock0.55%$30M336.4K
61IBNICICI Bank Ltdhistory →ADR0.54%$29M869.5K
62TSLATesla Inchistory →Common Stock0.52%$28M88.4K
63COSTCostco Wholesale Corphistory →Common Stock0.49%$27M27.0K
64ELVElevance Health Inchistory →Common Stock0.49%$26M68.1K
65PNCPNC Financial Services Group Inc/Thehistory →Common Stock0.47%$25M136.7K
66APOApollo Global Management Inchistory →Common Stock0.44%$24M170.0K
67DGDollar General Corphistory →Common Stock0.43%$23M204.2K
68BXBlackstone Inchistory →Common Stock0.38%$21M140.0K
69LNGCheniere Energy Inchistory →Common Stock0.31%$17M70.0K
70TPGTPG Inchistory →Common Stock0.30%$17M315.0K
71VICIVICI Properties Inchistory →REIT0.30%$16M500.0K
72CLHClean Harbors Inchistory →Common Stock0.30%$16M70.0K
73BXSLBlackstone Secured Lending Fundhistory →Common Stock0.27%$15M475.0K
74GLOBGlobant SAhistory →Common Stock0.26%$14M154.8K
75GBDCGolub Capital BDC Inchistory →Common Stock0.23%$12M850.0K
76HASIHA Sustainable Infrastructure Capital Inchistory →Common Stock0.22%$12M440.0K
77AREAlexandria Real Estate Equities Inchistory →REIT0.20%$11M150.0K
78ADBEAdobe Inchistory →Common Stock0.20%$11M27.6K
79JBBBJanus Henderson B-BBB CLO ETFETP0.18%$10M200.0K
80Oxford Lane Capital CorpClosed-End Fund0.17%$9M2.20M
81HTGCHercules Capital IncCommon Stock0.13%$7M375.0K

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 ↗.