SEC 13F Intelligence

Managers / Q4 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
$5.7B
Q4 2025
Positions
88
Filings on Record
25
2019–present window
Filed
Jan 26, 2026
original filing

Summary

Border To Coast Pensions Partnership Ltd reported $5.7B in U.S.-listed holdings across 88 positions for Q4 2025.

Its largest position, NVDA, represents 7.1% of the portfolio.

Compared with Q3 2025, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+9.5%
vs prior filed quarter
Top-10 Concentration
+44.5%
share of reported value
Largest Position
+7.1%
Nvidia
New / Exited
8 / 7
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: 89.5%ETP: 6.1%REIT: 3.8%ADR: 0.4%Closed-End Fund: 0.1%
  • Common Stock · 89.5% · $5.1B
  • ETP · 6.1% · $352M
  • REIT · 3.8% · $221M
  • ADR · 0.4% · $23M
  • Closed-End Fund · 0.1% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INTUIntuit IncNEW+102.4K102.4K+$68M$68M
MSMorgan StanleyNEW+253.3K253.3K+$45M$45M
AMDAdvanced Micro Devices IncNEW+196.5K196.5K+$42M$42M
SNPSSynopsys IncNEW+78.7K78.7K+$37M$37M
TECHBio-Techne CorpNEW+255.0K255.0K+$15M$15M
WMWaste Management IncNEW+40.0K40.0K+$9M$9M
TopBuild CorpNEW+11.8K11.8K+$5M$5M
PLDPrologis IncNEW+30.0K30.0K+$4M$4M

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

Holdings — Q4 2025

83 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA Corphistory →Common Stock7.08%$406M2.17M
2MSFTMicrosoft Corphistory →Common Stock6.96%$400M824.8K
3AAPLApple Inchistory →Common Stock5.84%$335M1.23M
4VOVanguard Mid-Cap ETFhistory →ETP5.79%$332M1.14M
5GOOGLAlphabet Inchistory →Common Stock5.36%$308M980.7K
6AMZNAmazon.com Inchistory →Common Stock3.89%$223M965.6K
7AVGOBroadcom Inchistory →Common Stock3.25%$187M538.5K
8JPMJPMorgan Chase & Cohistory →Common Stock2.42%$139M430.2K
9TMOThermo Fisher Scientific Inchistory →Common Stock2.03%$116M200.4K
10METAMeta Platforms Inchistory →Common Stock1.90%$109M164.9K
11BRK/BBerkshire Hathaway Inchistory →Common Stock1.89%$109M216.0K
12UBSUBS Group AGhistory →Common Stock1.88%$108M2.31M
13NEENextEra Energy Inchistory →Common Stock1.69%$97M1.20M
14CSCOCisco Systems Inchistory →Common Stock1.60%$92M1.19M
15RTXRTX Corphistory →Common Stock1.56%$89M486.6K
16WMTWalmart Inchistory →Common Stock1.46%$84M751.5K
17UNPUnion Pacific Corphistory →Common Stock1.38%$79M340.9K
18LLYEli Lilly & Cohistory →Common Stock1.36%$78M72.7K
19BACBank of America Corphistory →Common Stock1.34%$77M1.40M
20DISWalt Disney Co/Thehistory →Common Stock1.32%$76M662.5K
21MAMastercard Inchistory →Common Stock1.30%$75M130.3K
22TSLATesla Inchistory →Common Stock1.27%$73M162.1K
23HDHome Depot Inc/Thehistory →Common Stock1.24%$71M207.2K
24AMTAmerican Tower Corphistory →REIT1.22%$70M399.8K
25UNHUnitedHealth Group Inchistory →Common Stock1.19%$69M207.3K
26INTUIntuit Inchistory →Common Stock1.18%$68M102.4K
27WSTWest Pharmaceutical Services Inchistory →Common Stock1.13%$65M236.3K
28VVisa Inchistory →Common Stock1.11%$64M182.1K
29NFLXNetflix Inchistory →Common Stock1.07%$61M654.0K
30TXNTexas Instruments Inchistory →Common Stock1.05%$60M348.0K
31DEDeere & Cohistory →Common Stock1.02%$59M125.6K
32PGProcter & Gamble Co/Thehistory →Common Stock1.01%$58M405.0K
33AXPAmerican Express Cohistory →Common Stock0.99%$57M152.9K
34WELLWelltower Inchistory →REIT0.97%$56M300.0K
35KOCoca-Cola Co/Thehistory →Common Stock0.96%$55M788.0K
36ENBEnbridge Inchistory →Common Stock0.93%$54M1.11M
37TJXTJX Cos Inc/Thehistory →Common Stock0.93%$53M346.4K
38MARMarriott International Inc/MDhistory →Common Stock0.93%$53M171.2K
39MLMMartin Marietta Materials Inchistory →Common Stock0.88%$50M80.6K
40CVXChevron Corphistory →Common Stock0.85%$49M320.2K
41KKRKKR & Co Inchistory →Common Stock0.85%$49M380.0K
42WABWestinghouse Air Brake Technologies Corphistory →Common Stock0.80%$46M213.6K
43CRHCRH PLChistory →Common Stock0.79%$46M364.9K
44ABTAbbott Laboratorieshistory →Common Stock0.79%$46M363.0K
45DGDollar General Corphistory →Common Stock0.79%$45M339.2K
46MSMorgan Stanleyhistory →Common Stock0.78%$45M253.3K
47AMDAdvanced Micro Devices Inchistory →Common Stock0.73%$42M196.5K
48IRMIron Mountain Inchistory →REIT0.72%$42M500.0K
49ARCCAres Capital Corphistory →Common Stock0.70%$40M1.98M
50VLTOVeralto Corphistory →Common Stock0.67%$39M386.1K
51NRGNRG Energy Inchistory →Common Stock0.65%$37M232.6K
52SNPSSynopsys Inchistory →Common Stock0.64%$37M78.7K
53ZBHZimmer Biomet Holdings Inchistory →Common Stock0.62%$36M395.6K
54SHWSherwin-Williams Co/Thehistory →Common Stock0.61%$35M108.4K
55RSGRepublic Services Inchistory →Common Stock0.61%$35M165.6K
56COPConocoPhillipshistory →Common Stock0.55%$32M336.4K
57PNCPNC Financial Services Group Inc/Thehistory →Common Stock0.50%$29M136.7K
58OBDCBlue Owl Capital CorpCommon Stock0.48%$28M2.05M
59DHRDanaher Corphistory →Common Stock0.48%$27M119.5K
60APOApollo Global Management Inchistory →Common Stock0.45%$26M180.0K
61EQIXEquinix Inchistory →REIT0.43%$25M32.5K
62BXBlackstone Inchistory →Common Stock0.43%$25M160.0K
63IBNICICI Bank Ltdhistory →ADR0.41%$23M780.2K
64AUAnglogold Ashanti Plchistory →Common Stock0.37%$21M247.9K
65VICIVICI Properties Inchistory →REIT0.36%$20M725.0K
66TPGTPG Inchistory →Common Stock0.33%$19M300.0K
67ORCLOracle Corphistory →Common Stock0.30%$17M87.8K
68LNGCheniere Energy Inchistory →Common Stock0.29%$17M85.0K
69GLOBGlobant SAhistory →Common Stock0.28%$16M243.3K
70TECHBio-Techne Corphistory →Common Stock0.26%$15M255.0K
71BXSLBlackstone Secured Lending Fundhistory →Common Stock0.25%$15M550.0K
72CLHClean Harbors Inchistory →Common Stock0.25%$14M60.0K
73HASIHA Sustainable Infrastructure Capital Inchistory →Common Stock0.24%$14M430.0K
74CDWCDW Corp/DEhistory →Common Stock0.19%$11M79.8K
75GBDCGolub Capital BDC Inchistory →Common Stock0.19%$11M800.0K
76JAAAJanus Henderson AAA CLO ETFhistory →ETP0.18%$10M200.0K
77JBBBJanus Henderson B-BBB CLO ETFETP0.17%$10M200.0K
78WMWaste Management IncCommon Stock0.15%$9M40.0K
79HTGCHercules Capital IncCommon Stock0.13%$8M400.0K
80OXLCOxford Lane Capital CorpClosed-End Fund0.11%$6M440.0K
81TopBuild CorpCommon Stock0.09%$5M11.8K
82PLDPrologis IncREIT0.07%$4M30.0K
83AREAlexandria Real Estate Equities IncREIT0.06%$4M75.0K

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 ↗.