13F HOLDINGS REPORT
Railway Pension Investments Ltd
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001658020-25-000011
Total Value
$7.08B
Positions
210
Other Managers
0
Confidential Omitted
No
Holdings (210)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 312,800 | $155.6M | 2.20% |
| 2 | GILEAD SCIENCES INC | GILD | 1,373,465 | $152.3M | 2.15% |
| 3 | VISA INC | V | 359,139 | $127.5M | 1.80% |
| 4 | CAMECO CORP | CCJ | 1,653,600 | $122.7M | 1.73% |
| 5 | CONSTELLATION ENERGY CORP | CEG | 372,800 | $120.3M | 1.70% |
| 6 | ABBVIE INC | ABBV | 642,149 | $119.2M | 1.68% |
| 7 | CHENIERE ENERGY INC | LNG | 477,100 | $116.2M | 1.64% |
| 8 | META PLATFORMS INC | META | 154,720 | $114.2M | 1.61% |
| 9 | OREILLY AUTOMOTIVE INC | 67103H107 | 1,208,551 | $108.9M | 1.54% |
| 10 | ALPHABET INC | GOOG | 607,220 | $107.0M | 1.51% |
| 11 | AMAZON COM INC | AMZN | 472,300 | $103.6M | 1.46% |
| 12 | JOHNSON & JOHNSON | JNJ | 667,836 | $102.0M | 1.44% |
| 13 | BROADCOM INC | AVGO | 365,192 | $100.7M | 1.42% |
| 14 | ALTRIA GROUP INC | MO | 1,714,900 | $100.5M | 1.42% |
| 15 | APPLE INC | AAPL | 486,052 | $99.7M | 1.41% |
| 16 | ROBINHOOD MKTS INC | 770700102 | 1,057,936 | $99.1M | 1.40% |
| 17 | S&P GLOBAL INC | SPGI | 185,900 | $98.0M | 1.38% |
| 18 | PROCTER AND GAMBLE CO | 742718109 | 613,499 | $97.7M | 1.38% |
| 19 | ACCENTURE PLC IRELAND | ACN | 323,882 | $96.8M | 1.37% |
| 20 | SERVICENOW INC | NOW | 91,500 | $94.1M | 1.33% |
| 21 | MCKESSON CORP | MCK | 126,122 | $92.4M | 1.30% |
| 22 | PALO ALTO NETWORKS INC | PANW | 451,406 | $92.4M | 1.30% |
| 23 | PHILIP MORRIS INTL INC | 718172109 | 499,440 | $91.0M | 1.28% |
| 24 | MERCK & CO INC | MRK | 1,146,315 | $90.7M | 1.28% |
| 25 | CISCO SYS INC | CSCO | 1,288,676 | $89.4M | 1.26% |
| 26 | FREEPORT-MCMORAN INC | FCX | 2,035,700 | $88.2M | 1.25% |
| 27 | AUTOZONE INC | AZO | 23,702 | $88.0M | 1.24% |
| 28 | NEXTERA ENERGY INC | NEE-PW | 1,238,632 | $86.0M | 1.21% |
| 29 | CENTERPOINT ENERGY INC | CNP | 2,299,745 | $84.5M | 1.19% |
| 30 | EQT CORP | EQT | 1,443,300 | $84.2M | 1.19% |
| 31 | IDEXX LABS INC | 45168D104 | 154,330 | $82.8M | 1.17% |
| 32 | PUBLIC SVC ENTERPRISE GRP IN | 744573106 | 960,700 | $80.9M | 1.14% |
| 33 | EQUINIX INC | EQIX | 101,269 | $80.6M | 1.14% |
| 34 | BOOKING HOLDINGS INC | BKNG | 13,700 | $79.3M | 1.12% |
| 35 | FASTENAL CO | FAST | 1,860,110 | $78.1M | 1.10% |
| 36 | DOORDASH INC | DASH | 308,288 | $76.0M | 1.07% |
| 37 | TEXAS INSTRS INC | 882508104 | 350,586 | $72.8M | 1.03% |
| 38 | COLGATE PALMOLIVE CO | CL | 792,609 | $72.0M | 1.02% |
| 39 | TECK RESOURCES LTD | TCKRF | 1,768,600 | $71.4M | 1.01% |
| 40 | GRAINGER W W INC | 384802104 | 60,888 | $63.3M | 0.89% |
| 41 | CROWDSTRIKE HLDGS INC | CRWD | 120,855 | $61.6M | 0.87% |
| 42 | COSTCO WHSL CORP NEW | 22160K105 | 58,542 | $58.0M | 0.82% |
| 43 | KROGER CO | KR | 800,310 | $57.4M | 0.81% |
| 44 | DANAHER CORPORATION | 235851102 | 277,699 | $54.9M | 0.77% |
| 45 | EOG RES INC | EOG | 449,100 | $53.7M | 0.76% |
| 46 | FORTINET INC | FTNT | 484,025 | $51.2M | 0.72% |
| 47 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 1,099,300 | $50.9M | 0.72% |
| 48 | MASTERCARD INCORPORATED | MA | 89,600 | $50.3M | 0.71% |
| 49 | DATADOG INC | DDOG | 371,761 | $49.9M | 0.71% |
| 50 | NASDAQ INC | NDAQ | 535,200 | $47.9M | 0.68% |
| 51 | HOME DEPOT INC | HD | 128,958 | $47.3M | 0.67% |
| 52 | CMS ENERGY CORP | CMS-PC | 681,200 | $47.2M | 0.67% |
| 53 | THERMO FISHER SCIENTIFIC INC | TMO | 116,070 | $47.1M | 0.66% |
| 54 | OTIS WORLDWIDE CORP | OTIS | 470,100 | $46.5M | 0.66% |
| 55 | CINTAS CORP | CTAS | 203,896 | $45.4M | 0.64% |
| 56 | FAIR ISAAC CORP | FICO | 24,590 | $44.9M | 0.63% |
| 57 | REPUBLIC SVCS INC | 760759100 | 181,721 | $44.8M | 0.63% |
| 58 | INTERNATIONAL BUSINESS MACHS | INTR | 148,600 | $43.8M | 0.62% |
| 59 | ROLLINS INC | ROL | 754,117 | $42.5M | 0.60% |
| 60 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 541,980 | $42.3M | 0.60% |
| 61 | HCA HEALTHCARE INC | HCA | 106,767 | $40.9M | 0.58% |
| 62 | MOTOROLA SOLUTIONS INC | MSI | 95,300 | $40.1M | 0.57% |
| 63 | NUTANIX INC | NTNX | 511,641 | $39.1M | 0.55% |
| 64 | WALMART INC | WMT | 390,139 | $38.1M | 0.54% |
| 65 | TJX COS INC NEW | 872540109 | 306,000 | $37.8M | 0.53% |
| 66 | GARTNER INC | IT | 91,378 | $36.9M | 0.52% |
| 67 | HP INC | HPQ | 1,507,615 | $36.9M | 0.52% |
| 68 | CHECK POINT SOFTWARE TECH LT | M22465104 | 166,329 | $36.8M | 0.52% |
| 69 | VERALTO CORP | VLTO | 363,299 | $36.7M | 0.52% |
| 70 | LPL FINL HLDGS INC | 50212V100 | 96,500 | $36.2M | 0.51% |
| 71 | HESS CORP | HESM | 255,400 | $35.4M | 0.50% |
| 72 | VERIZON COMMUNICATIONS INC | VZ | 807,000 | $34.9M | 0.49% |
| 73 | NETAPP INC | NTAP | 324,850 | $34.6M | 0.49% |
| 74 | AUTOMATIC DATA PROCESSING IN | ADP | 110,600 | $34.1M | 0.48% |
| 75 | CHEVRON CORP NEW | CVX | 231,100 | $33.1M | 0.47% |
| 76 | WASTE MGMT INC DEL | 94106L109 | 143,976 | $32.9M | 0.47% |
| 77 | GUARDANT HEALTH INC | GH | 620,878 | $32.3M | 0.46% |
| 78 | NVENT ELECTRIC PLC | NVT | 431,481 | $31.6M | 0.45% |
| 79 | PTC INC | PTC | 182,326 | $31.4M | 0.44% |
| 80 | ABBOTT LABS | ABLZF | 230,900 | $31.4M | 0.44% |
| 81 | CHURCH & DWIGHT CO INC | CHD | 326,699 | $31.4M | 0.44% |
| 82 | LOWES COS INC | 548661107 | 137,483 | $30.5M | 0.43% |
| 83 | KIMBERLY-CLARK CORP | KMB | 226,401 | $29.2M | 0.41% |
| 84 | BOSTON SCIENTIFIC CORP | BSX | 269,500 | $28.9M | 0.41% |
| 85 | COMCAST CORP NEW | CCZ | 792,500 | $28.3M | 0.40% |
| 86 | PFIZER INC | PFE | 1,148,500 | $27.8M | 0.39% |
| 87 | QUALCOMM INC | QCOM | 168,300 | $26.8M | 0.38% |
| 88 | ELEVANCE HEALTH INC | ELV | 66,428 | $25.8M | 0.36% |
| 89 | BILL HOLDINGS INC | BILL | 549,946 | $25.4M | 0.36% |
| 90 | CALIFORNIA RES CORP | CRC | 545,528 | $24.9M | 0.35% |
| 91 | TWILIO INC | TWLO | 199,727 | $24.8M | 0.35% |
| 92 | AMGEN INC | AMGN | 88,100 | $24.6M | 0.35% |
| 93 | MCDONALDS CORP | MCD | 84,100 | $24.6M | 0.35% |
| 94 | BLUE OWL CAPITAL INC | OWL | 1,268,900 | $24.4M | 0.34% |
| 95 | BLOCK INC | BSQKZ | 354,123 | $24.1M | 0.34% |
| 96 | JPMORGAN CHASE & CO. | VYLD | 81,164 | $23.5M | 0.33% |
| 97 | OKTA INC | OKTA | 225,296 | $22.5M | 0.32% |
| 98 | MARSH & MCLENNAN COS INC | 571748102 | 102,800 | $22.5M | 0.32% |
| 99 | INTUIT | INTU | 28,200 | $22.2M | 0.31% |
| 100 | LAUDER ESTEE COS INC | 518439104 | 271,500 | $21.9M | 0.31% |
| 101 | ARGENX SE | ARGX | 39,500 | $21.8M | 0.31% |
| 102 | LULULEMON ATHLETICA INC | LULU | 89,800 | $21.3M | 0.30% |
| 103 | ILLINOIS TOOL WKS INC | 452308109 | 85,763 | $21.2M | 0.30% |
| 104 | UNITED THERAPEUTICS CORP DEL | UTHR | 70,600 | $20.3M | 0.29% |
| 105 | SNAP ON INC | SNA | 65,100 | $20.3M | 0.29% |
| 106 | ROPER TECHNOLOGIES INC | ROP | 34,800 | $19.7M | 0.28% |
| 107 | THE CIGNA GROUP | 125523100 | 59,200 | $19.6M | 0.28% |
| 108 | RYAN SPECIALTY HOLDINGS INC | RYAN | 280,200 | $19.1M | 0.27% |
| 109 | GEN DIGITAL INC | GENVR | 642,100 | $18.9M | 0.27% |
| 110 | COGNEX CORP | CGNX | 581,600 | $18.4M | 0.26% |
| 111 | REDDIT INC | RDDT | 121,100 | $18.2M | 0.26% |
| 112 | UNIVERSAL HLTH SVCS INC | 913903100 | 96,700 | $17.5M | 0.25% |
| 113 | EATON CORP PLC | ETN | 49,000 | $17.5M | 0.25% |
| 114 | PROGRESSIVE CORP | 743315103 | 65,400 | $17.5M | 0.25% |
| 115 | TRANE TECHNOLOGIES PLC | TT | 39,400 | $17.2M | 0.24% |
| 116 | VIKING HOLDINGS LTD | VIK | 319,400 | $17.0M | 0.24% |
| 117 | ALBERTSONS COS INC | 013091103 | 768,000 | $16.5M | 0.23% |
| 118 | JABIL INC | JBL | 75,000 | $16.4M | 0.23% |
| 119 | EXPEDIA GROUP INC | EXPE | 96,300 | $16.2M | 0.23% |
| 120 | AIRBNB INC | ABNB | 122,077 | $16.2M | 0.23% |
| 121 | PAYCHEX INC | PAYX | 106,837 | $15.5M | 0.22% |
| 122 | VERISK ANALYTICS INC | VRSK | 49,500 | $15.4M | 0.22% |
| 123 | COCA COLA CO | KO | 217,800 | $15.4M | 0.22% |
| 124 | STRYKER CORPORATION | SYK | 38,600 | $15.3M | 0.22% |
| 125 | TENABLE HLDGS INC | 88025T102 | 449,732 | $15.2M | 0.21% |
| 126 | GLOBANT S A | GLOB | 162,500 | $14.8M | 0.21% |
| 127 | CF INDS HLDGS INC | 125269100 | 160,100 | $14.7M | 0.21% |
| 128 | PULTE GROUP INC | 745867101 | 137,739 | $14.5M | 0.21% |
| 129 | PEPSICO INC | PEP | 109,722 | $14.5M | 0.20% |
| 130 | CURTISS WRIGHT CORP | CW | 28,700 | $14.0M | 0.20% |
| 131 | YUM BRANDS INC | YUM | 94,600 | $14.0M | 0.20% |
| 132 | PARKER-HANNIFIN CORP | PH | 20,000 | $14.0M | 0.20% |
| 133 | TRANSDIGM GROUP INC | TDG | 9,100 | $13.8M | 0.20% |
| 134 | GALLAGHER ARTHUR J & CO | 363576109 | 42,900 | $13.7M | 0.19% |
| 135 | DAVITA INC | DVA | 94,556 | $13.5M | 0.19% |
| 136 | GENERAL MLS INC | 370334104 | 254,290 | $13.2M | 0.19% |
| 137 | AMPHENOL CORP NEW | 032095101 | 130,100 | $12.8M | 0.18% |
| 138 | ETSY INC | ETSY | 251,170 | $12.6M | 0.18% |
| 139 | MOLSON COORS BEVERAGE CO | TAP-A | 260,300 | $12.5M | 0.18% |
| 140 | UNITEDHEALTH GROUP INC | UNH | 38,956 | $12.2M | 0.17% |
| 141 | EMCOR GROUP INC | EME | 21,961 | $11.7M | 0.17% |
| 142 | BIO-TECHNE CORP | TECH | 226,700 | $11.7M | 0.16% |
| 143 | LINDE PLC | LIN | 24,200 | $11.4M | 0.16% |
| 144 | ELECTRONIC ARTS INC | EA | 71,001 | $11.3M | 0.16% |
| 145 | TRIMBLE INC | TRMB | 141,300 | $10.7M | 0.15% |
| 146 | VERISIGN INC | VRSN | 36,200 | $10.5M | 0.15% |
| 147 | HOLOGIC INC | HOLX | 157,200 | $10.2M | 0.14% |
| 148 | CENCORA INC | COR | 33,500 | $10.0M | 0.14% |
| 149 | AUTODESK INC | ADSK | 30,892 | $9.6M | 0.14% |
| 150 | HILTON WORLDWIDE HLDGS INC | HLT | 33,400 | $8.9M | 0.13% |
| 151 | EXPEDITORS INTL WASH INC | 302130109 | 75,800 | $8.7M | 0.12% |
| 152 | NVR INC | NVR | 1,134 | $8.4M | 0.12% |
| 153 | PACKAGING CORP AMER | 695156109 | 44,000 | $8.3M | 0.12% |
| 154 | WASTE CONNECTIONS INC | WCN | 41,900 | $7.8M | 0.11% |
| 155 | RPM INTL INC | 749685103 | 70,200 | $7.7M | 0.11% |
| 156 | WILLIAMS SONOMA INC | WSM | 45,100 | $7.4M | 0.10% |
| 157 | MASCO CORP | MAS | 113,650 | $7.3M | 0.10% |
| 158 | HERSHEY CO | HSY | 43,541 | $7.2M | 0.10% |
| 159 | SOUTHERN CO | SOMN | 76,200 | $7.0M | 0.10% |
| 160 | LOEWS CORP | L | 75,500 | $6.9M | 0.10% |
| 161 | MOODYS CORP | MCO | 13,300 | $6.7M | 0.09% |
| 162 | AMETEK INC | AME | 35,872 | $6.5M | 0.09% |
| 163 | BANK NEW YORK MELLON CORP | 064058100 | 70,300 | $6.4M | 0.09% |
| 164 | F5 INC | FFIV | 20,730 | $6.1M | 0.09% |
| 165 | ADOBE INC | ADBE | 15,400 | $6.0M | 0.08% |
| 166 | CHUBB LIMITED | CB | 19,200 | $5.6M | 0.08% |
| 167 | IDEX CORP | 45167R104 | 30,761 | $5.4M | 0.08% |
| 168 | FIDELITY NATIONAL FINANCIAL | FNF | 96,000 | $5.4M | 0.08% |
| 169 | NRG ENERGY INC | NRG | 31,800 | $5.1M | 0.07% |
| 170 | HENRY JACK & ASSOC INC | 426281101 | 27,807 | $5.0M | 0.07% |
| 171 | CBRE GROUP INC | CBRE | 35,200 | $4.9M | 0.07% |
| 172 | KRAFT HEINZ CO | KHC | 190,200 | $4.9M | 0.07% |
| 173 | AT&T INC | T-PC | 168,100 | $4.9M | 0.07% |
| 174 | BALL CORP | BALL | 86,568 | $4.9M | 0.07% |
| 175 | TRAVELERS COMPANIES INC | TRV | 18,000 | $4.8M | 0.07% |
| 176 | GARMIN LTD | GRMN | 21,700 | $4.5M | 0.06% |
| 177 | CARDINAL HEALTH INC | CAH | 25,600 | $4.3M | 0.06% |
| 178 | AFLAC INC | AFL | 39,800 | $4.2M | 0.06% |
| 179 | LENNOX INTL INC | 526107107 | 7,234 | $4.1M | 0.06% |
| 180 | MEDTRONIC PLC | MDT | 45,200 | $3.9M | 0.06% |
| 181 | RAYMOND JAMES FINL INC | 754730109 | 25,100 | $3.8M | 0.05% |
| 182 | GODADDY INC | GDDY | 20,800 | $3.7M | 0.05% |
| 183 | T-MOBILE US INC | TMUSZ | 13,500 | $3.2M | 0.05% |
| 184 | SALESFORCE INC | CRM | 11,700 | $3.2M | 0.05% |
| 185 | CUMMINS INC | CMI | 8,900 | $2.9M | 0.04% |
| 186 | BERKLEY W R CORP | WRB-PH | 39,150 | $2.9M | 0.04% |
| 187 | ECOLAB INC | ECL | 10,600 | $2.9M | 0.04% |
| 188 | HARTFORD INSURANCE GROUP INC | HIG-PG | 22,200 | $2.8M | 0.04% |
| 189 | DECKERS OUTDOOR CORP | DECK | 22,500 | $2.3M | 0.03% |
| 190 | BROADRIDGE FINL SOLUTIONS IN | 11133T103 | 8,900 | $2.2M | 0.03% |
| 191 | KEURIG DR PEPPER INC | KDP | 57,700 | $1.9M | 0.03% |
| 192 | KEYSIGHT TECHNOLOGIES INC | KEYS | 9,600 | $1.6M | 0.02% |
| 193 | SYNCHRONY FINANCIAL | SYF-PB | 22,400 | $1.5M | 0.02% |
| 194 | COCA-COLA EUROPACIFIC PARTNE | CCEP | 15,300 | $1.4M | 0.02% |
| 195 | COPART INC | CPRT | 28,100 | $1.4M | 0.02% |
| 196 | QUEST DIAGNOSTICS INC | DGX | 7,100 | $1.3M | 0.02% |
| 197 | SOLVENTUM CORP | SOLV | 16,211 | $1.2M | 0.02% |
| 198 | ROSS STORES INC | ROST | 9,000 | $1.1M | 0.02% |
| 199 | FERGUSON ENTERPRISES INC | FERG | 5,100 | $1.1M | 0.02% |
| 200 | DOMINOS PIZZA INC | DPZ | 2,400 | $1.1M | 0.02% |
| 201 | METTLER TOLEDO INTERNATIONAL | MTD | 900 | $1.1M | 0.01% |
| 202 | FIRSTENERGY CORP | FE | 25,500 | $1.0M | 0.01% |
| 203 | DOCUSIGN INC | DOCU | 13,103 | $1.0M | 0.01% |
| 204 | MANHATTAN ASSOCIATES INC | MANH | 4,796 | $947,066 | 0.01% |
| 205 | KENVUE INC | KVUE | 40,100 | $839,293 | 0.01% |
| 206 | FORTIVE CORP | FTV | 12,200 | $635,986 | 0.01% |
| 207 | RESMED INC | RSMDF | 2,405 | $620,490 | 0.01% |
| 208 | SMITH A O CORP | AOS | 8,200 | $537,674 | 0.01% |
| 209 | CONAGRA BRANDS INC | CAG | 21,700 | $444,199 | 0.01% |
| 210 | CLOROX CO DEL | CLX | 3,460 | $415,442 | 0.01% |