Railway Pension Investments Ltd

CIK: 0001658020SEC EDGAR →

Portfolio Value

$8.5B

Holdings

106

As of

Q4 2025

New Positions

106

Closed Positions

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	MSFT MICROSOFT CORP	1,121,510	$542.0B	6367.48%
2	GOOGL ALPHABET INC	1,198,420	$375.0B	4405.55%
3	NVDA NVIDIA CORPORATION	1,527,400	$284.0B	3336.47%
4	AVGO BROADCOM INC	813,692	$281.0B	3301.22%
5	TMO THERMO FISHER SCIENTIFIC INC	442,370	$256.0B	3007.52%
6	AMZN AMAZON COM INC	1,045,000	$241.0B	2831.30%
7	META META PLATFORMS INC	341,820	$225.0B	2643.33%
8	IDXX IDEXX LABS INC	326,080	$220.0B	2584.59%
9	V VISA INC	625,439	$219.0B	2572.84%
10	AAPL APPLE INC	753,452	$204.0B	2396.62%

Quarterly Changes

Top Buys

MSFTNEW

$542.0B

GOOGLNEW

$375.0B

NVDANEW

$284.0B

AVGONEW

$281.0B

TMONEW

$256.0B

Top Sells

No sells this quarter

New Positions (106)

MSFT

$542.0B · 1.1M shares

GOOGL

$375.0B · 1.2M shares

NVDA

$284.0B · 1.5M shares

AVGO

$281.0B · 814K shares

TMO

$256.0B · 442K shares

AMZN

$241.0B · 1.0M shares

META

$225.0B · 342K shares

IDXX

$220.0B · 326K shares

$219.0B · 625K shares

AAPL

$204.0B · 753K shares

NEE

$202.0B · 2.5M shares

ABBV

$196.0B · 860K shares

CEG

$193.0B · 547K shares

SPGI

$192.0B · 369K shares

PANW

$192.0B · 1.0M shares

$190.0B · 334K shares

QCOM

$179.0B · 1.0M shares

PEG

$178.0B · 2.2M shares

LRCX

$178.0B · 1.0M shares

LNG

$178.0B · 920K shares

TXN

$175.0B · 1.0M shares

EQIX

$171.0B · 224K shares

GILD

$171.0B · 1.4M shares

LPLA

$159.0B · 445K shares

NOW

$158.0B · 1.0M shares

DHR

$157.0B · 690K shares

JNJ

$149.0B · 723K shares

APH

$126.0B · 936K shares

MRK

$121.0B · 1.2M shares

KLAC

$120.0B · 100K shares

ORLY

$114.0B · 1.3M shares

MCK

$103.0B · 126K shares

CSCO

$99.0B · 1.3M shares

EXPE

$93.0B · 331K shares

$84.0B · 1.5M shares

AZO

$81.0B · 24K shares

FAST

$75.0B · 1.9M shares

BKNG

$74.0B · 14K shares

$73.0B · 83K shares

$63.0B · 589K shares

$63.0B · 238K shares

$63.0B · 1.2M shares

$63.0B · 63K shares

$51.0B · 166K shares

$50.0B · 171K shares

$49.0B · 107K shares

$47.0B · 306K shares

$44.0B · 542K shares

$44.0B · 152K shares

$43.0B · 390K shares

$43.0B · 728K shares

$41.0B · 470K shares

$39.0B · 311K shares

$39.0B · 1.8M shares

$38.0B · 204K shares

$37.0B · 98K shares

$32.0B · 807K shares

$31.0B · 96K shares

$31.0B · 179K shares

$30.0B · 166K shares

$24.0B · 260K shares

$24.0B · 90K shares

$23.0B · 793K shares

$23.0B · 91K shares

$22.0B · 65K shares

$21.0B · 97K shares

$21.0B · 86K shares

$20.0B · 262K shares

$18.0B · 665K shares

$18.0B · 28K shares

$17.0B · 45K shares

ROP

$16.0B · 38K shares

EME

$14.0B · 24K shares

$14.0B · 179K shares

YUM

$14.0B · 95K shares

$13.0B · 67K shares

SYK

$13.0B · 39K shares

VRSK

$13.0B · 61K shares

$12.0B · 160K shares

$11.0B · 38K shares

$11.0B · 111K shares

$11.0B · 157K shares

$11.0B · 76K shares

$9.0B · 75K shares

$9.0B · 40K shares

$8.0B · 70K shares

$7.0B · 76K shares

$7.0B · 70K shares

$7.0B · 36K shares

$6.0B · 26K shares

$5.0B · 15K shares

$5.0B · 18K shares

$5.0B · 44K shares

$5.0B · 96K shares

$4.0B · 10K shares

$4.0B · 45K shares

$4.0B · 9K shares

$4.0B · 65K shares

$3.0B · 18K shares

$3.0B · 23K shares

$3.0B · 18K shares

RME

$2.0B · 10K shares

$2.0B · 37K shares

DECK

$2.0B · 23K shares

PTC

$2.0B · 15K shares

$0 · 6K shares

Sector Breakdown

Sector	# Holdings	Value	%
Technology	31	$3.1T	36.1%
Healthcare	17	$1.6T	18.9%
Financial Services	10	$817.0B	9.7%
Consumer Cyclical	14	$797.0B	9.4%
Communication Services	4	$636.0B	7.5%
Utilities	3	$573.0B	6.8%
Industrials	14	$388.0B	4.6%
Energy	1	$178.0B	2.1%
Real Estate	1	$171.0B	2.0%
Consumer Defensive	5	$147.0B	1.7%
Unknown	4	$82.0B	1.0%
Basic Materials	2	$19.0B	0.2%