Bedrijfstakpensioenfonds Voor de Media PNO
HILVERSUM, P7
$759m in 39 US stocks at the end of 30 September 2025. The top 10 are 54.8% of the money. It changed about 6.9% of the portfolio this quarter.
Value
$759m
Stocks
39
Top 10 share
54.8%
Turnover
6.9%
What changed this quarter
New
Bought for the first time this quarter.
- Quanta ServicesPWR0.8% of the fund
Added
Bought more of a stock they already held.
- BroadcomAVGO2.5% of the fund+60%
Cut
Sold some of their stake.
- NvidiaNVDA10.5% of the fund-7%
- MicrosoftMSFT8.1% of the fund-9%
Sold out
Sold their entire stake.
- DexcomDXCM-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 10.5% | $79m | 500,000 | -7% |
| MicrosoftMSFT | 8.1% | $62m | 140,000 | -9% |
| AppleAAPL | 7.9% | $60m | 275,400 | Held |
| AlphabetGOOGL | 7.2% | $55m | 265,000 | Held |
| Amazon.comAMZN | 6.3% | $47m | 254,000 | Held |
| NetflixNFLX | 3.4% | $26m | 25,500 | Held |
| Intuitive SurgicalISRG | 3.1% | $24m | 62,150 | Held |
| ServiceNowNOW | 2.9% | $22m | 28,000 | Held |
| MastercardMA | 2.8% | $21m | 43,450 | Held |
| Applied MaterialsAMAT | 2.7% | $20m | 116,300 | Held |
| United RentalsURI | 2.5% | $19m | 23,200 | Held |
| BroadcomAVGO | 2.5% | $19m | 67,000 | +60% |
| Eli LillyLLY | 2.3% | $18m | 27,000 | Held |
| SynopsysSNPS | 2.3% | $17m | 41,000 | Held |
| StrykerSYK | 2.2% | $17m | 52,750 | Held |
| Cadence Design SystemsCDNS | 2.1% | $16m | 52,500 | Held |
| VisaV | 2.0% | $15m | 53,000 | Held |
| Thermo Fisher ScientificTMO | 2.0% | $15m | 36,650 | Held |
| KLAKLAC | 1.9% | $15m | 16,000 | Held |
| Sherwin-WilliamsSHW | 1.9% | $14m | 48,800 | Held |
| SalesforceCRM | 1.8% | $14m | 69,000 | Held |
| S&P GlobalSPGI | 1.7% | $13m | 30,250 | Held |
| Booking HoldingsBKNG | 1.6% | $12m | 2,650 | Held |
| Edwards LifesciencesEW | 1.6% | $12m | 182,000 | Held |
| Home DepotHD | 1.6% | $12m | 34,700 | Held |
| DanaherDHR | 1.5% | $11m | 67,000 | Held |
| MsciMSCI | 1.5% | $11m | 23,300 | Held |
| AdobeADBE | 1.5% | $11m | 37,350 | Held |
| FastenalFAST | 1.3% | $10m | 230,000 | Held |
| AccentureACN | 1.3% | $10m | 45,550 | Held |
| WalmartWMT | 1.1% | $8m | 93,500 | Held |
| Lowe's CompaniesLOW | 1.0% | $8m | 37,000 | Held |
| Marsh & McLennan CompaniesMRSH | 1.0% | $7m | 43,000 | Held |
| McDonald'sMCD | 1.0% | $7m | 28,500 | Held |
| LindeLIN | 0.9% | $7m | 17,300 | Held |
| Union PacificUNP | 0.9% | $7m | 34,700 | Held |
| EquinixEQIX | 0.9% | $7m | 10,100 | Held |
| Quanta ServicesPWR | 0.8% | $6m | 17,000 | New |
| Walt DisneyDIS | 0.7% | $5m | 54,500 | Held |
Over time and by industry
Value over time
Sep '25
Value is up 4.8% since 30 June 2025.
Where the money is
Technology45.4%
Health care12.7%
Retail & consumer11.5%
Media & telecom11.4%
Financial services8.9%
Industrials5.5%
Materials2.8%
Everyday goods1.1%
Real estate0.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.