Public Sector Pension Investment Board
Reported US equity positions for Q1 2026 — $32.1B across 1,325 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $1.6B | 5.0% | 9,244,796 |
| MSFT Microsoft Corporation | $1.6B | 4.8% | 4,196,827 |
| AAPL Apple Inc. | $1.2B | 3.6% | 4,617,098 |
| GOOGL Alphabet Inc. | $881.7M | 2.7% | 3,066,104 |
| AMZN Amazon.com, Inc. | $847.5M | 2.6% | 4,069,336 |
| AVGO Broadcom Inc. | $683.5M | 2.1% | 2,208,180 |
| TSAT Telesat Corporation - Class A Common Shares and Class B Variable Voting… | $659.2M | 2.1% | 18,211,203 |
| CM Canadian Imperial Bank of Commerce | $591.7M | 1.8% | 6,242,590 |
| META Meta Platforms, Inc. | $442.8M | 1.4% | 773,901 |
| JPM JP Morgan Chase & Co. | $428.8M | 1.3% | 1,457,721 |
| G0593M107 Astrazeneca PLC | $415.1M | 1.3% | 2,087,084 |
| RY Royal Bank Of Canada | $387.5M | 1.2% | 2,396,327 |
| LLY Eli Lilly and Company | $382.9M | 1.2% | 416,347 |
| BRK.B Berkshire Hathaway Inc. | $331.9M | 1.0% | 692,591 |
| TSLA Tesla, Inc. | $310.2M | 1.0% | 834,409 |
| V Visa Inc. | $276.4M | 0.9% | 914,489 |
| TD The Toronto Dominion Bank | $273.9M | 0.9% | 2,931,884 |
| ABBV AbbVie Inc. | $255.8M | 0.8% | 1,176,043 |
| GOOG Alphabet Inc. - Class C Capital Stock | $251.9M | 0.8% | 878,134 |
| XOM ExxonMobil Holdings Corporation | $234.2M | 0.7% | 1,380,382 |
| NFLX Netflix, Inc. | $222.5M | 0.7% | 2,313,927 |
| MA Mastercard Incorporated | $221.0M | 0.7% | 442,308 |
| UNP Union Pacific Corporation | $215.2M | 0.7% | 886,914 |
| GS The Goldman Sachs Group, Inc. | $204.7M | 0.6% | 241,976 |
| ADI Analog Devices, Inc. | $198.8M | 0.6% | 624,976 |
| G29183103 Eaton Corp PLC | $187.7M | 0.6% | 524,798 |
| CEG Constellation Energy Corporation - Common Stock When-Issued | $186.5M | 0.6% | 667,988 |
| TMUS T-Mobile US, Inc. | $179.1M | 0.6% | 852,658 |
| F92124100 Totalenergies Se | $178.5M | 0.6% | 1,945,145 |
| AZO AutoZone, Inc. | $174.8M | 0.5% | 51,740 |
| MSI Motorola Solutions, Inc. | $165.2M | 0.5% | 380,583 |
| AMAT Applied Materials, Inc. | $158.0M | 0.5% | 462,134 |
| URI United Rentals, Inc. | $153.3M | 0.5% | 210,478 |
| TJX The TJX Companies, Inc. | $153.0M | 0.5% | 958,303 |
| MCK McKesson Corporation | $152.1M | 0.5% | 175,821 |
| BMO Bank Of Montreal | $151.1M | 0.5% | 1,115,513 |
| PH Parker-Hannifin Corporation | $150.5M | 0.5% | 168,125 |
| KO The Coca-Cola Company | $148.2M | 0.5% | 1,949,253 |
| MU Micron Technology, Inc. | $146.9M | 0.5% | 434,759 |
| BAC Bank of America Corporation | $140.8M | 0.4% | 2,887,429 |
| ABT Abbott Laboratories | $140.7M | 0.4% | 1,370,055 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $140.5M | 0.4% | 2,025,894 |
| ORCL Oracle Corporation | $137.4M | 0.4% | 933,840 |
| GWW W.W. Grainger, Inc. | $130.8M | 0.4% | 119,880 |
| BSX Boston Scientific Corporation | $130.4M | 0.4% | 2,077,623 |
| JNJ Johnson & Johnson | $130.1M | 0.4% | 532,305 |
| TXN Texas Instruments Incorporated | $128.6M | 0.4% | 662,294 |
| TDY Teledyne Technologies Incorporated | $124.5M | 0.4% | 205,852 |
| CVX Chevron Corporation | $124.4M | 0.4% | 601,183 |
| HLT Hilton Worldwide Holdings Inc. | $114.5M | 0.4% | 376,480 |
| HCA HCA Healthcare, Inc. | $113.0M | 0.4% | 238,788 |
| PHM PulteGroup, Inc. | $110.1M | 0.3% | 936,144 |
| KLAC KLA Corporation | $108.6M | 0.3% | 73,758 |
| H42097107 Ubs Group Ag | $101.2M | 0.3% | 2,542,054 |
| WFC Wells Fargo & Company | $100.8M | 0.3% | 1,266,627 |
| BMY Bristol-Myers Squibb Company | $97.6M | 0.3% | 1,609,745 |
| MS Morgan Stanley | $96.6M | 0.3% | 587,180 |
| COST Costco Wholesale Corporation | $95.1M | 0.3% | 95,446 |
| C Citigroup, Inc. | $93.7M | 0.3% | 826,068 |
| SPY State Street SPDR S&P 500 ETF Trust | $89.5M | 0.3% | 137,634 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| NVDA NVIDIA Corporation | Add | $1.6B | $1.7B | +3% |
| MSFT Microsoft Corporation | Add | $1.6B | $1.7B | +20% |
| AAPL Apple Inc. | Add | $1.2B | $1.0B | +20% |
| GOOGL Alphabet Inc. | Trim | $881.7M | $1.1B | -9% |
| AMZN Amazon.com, Inc. | Add | $847.5M | $781.7M | +20% |
| AVGO Broadcom Inc. | Add | $683.5M | $606.5M | +26% |
| CM Canadian Imperial Bank of Commerce | Add | $591.7M | $488.0M | +16% |
| META Meta Platforms, Inc. | Trim | $442.8M | $545.2M | -6% |
| JPM JP Morgan Chase & Co. | Add | $428.8M | $441.9M | +6% |
| RY Royal Bank Of Canada | Add | $387.5M | $128.2M | +219% |
| LLY Eli Lilly and Company | Add | $382.9M | $327.5M | +37% |
| BRK.B Berkshire Hathaway Inc. | Add | $331.9M | $251.3M | +39% |
| TSLA Tesla, Inc. | Add | $310.2M | $363.7M | +3% |
| V Visa Inc. | Add | $276.4M | $302.5M | +6% |
| TD The Toronto Dominion Bank | Add | $273.9M | $214.8M | +29% |
| ABBV AbbVie Inc. | Add | $255.8M | $256.1M | +5% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $251.9M | $227.2M | +21% |
| XOM ExxonMobil Holdings Corporation | Add | $234.2M | $152.3M | +9% |
| NFLX Netflix, Inc. | Add | $222.5M | $157.1M | +38% |
| MA Mastercard Incorporated | Trim | $221.0M | $276.2M | -9% |
| UNP Union Pacific Corporation | Add | $215.2M | $200.9M | +2% |
| GS The Goldman Sachs Group, Inc. | Add | $204.7M | $193.7M | +10% |
| ADI Analog Devices, Inc. | Trim | $198.8M | $207.9M | -18% |
| CEG Constellation Energy Corporation - Common Stock When-Issued | Add | $186.5M | $28.1M | +740% |
| F92124100 Totalenergies Se | Add | $178.5M | $123.4M | +3% |
| MSI Motorola Solutions, Inc. | Add | $165.2M | $144.0M | +1% |
| AMAT Applied Materials, Inc. | Add | $158.0M | $112.5M | +6% |
| URI United Rentals, Inc. | Add | $153.3M | $145.7M | +17% |
| TJX The TJX Companies, Inc. | Add | $153.0M | $141.2M | +4% |
| MCK McKesson Corporation | Trim | $152.1M | $183.5M | -21% |
| BMO Bank Of Montreal | Add | $151.1M | $50.8M | +185% |
| PH Parker-Hannifin Corporation | Trim | $150.5M | $197.4M | -25% |
| KO The Coca-Cola Company | Trim | $148.2M | $148.8M | -8% |
| MU Micron Technology, Inc. | Add | $146.9M | $69.9M | +77% |
| BAC Bank of America Corporation | Trim | $140.8M | $263.7M | -40% |
| ABT Abbott Laboratories | Add | $140.7M | $164.8M | +4% |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | Add | $140.5M | $47.8M | +212% |
| ORCL Oracle Corporation | Trim | $137.4M | $195.5M | -7% |
| BSX Boston Scientific Corporation | Add | $130.4M | $135.0M | +47% |
| JNJ Johnson & Johnson | Add | $130.1M | $65.2M | +69% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.