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Institutional Investment Manager
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund
B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund (CIK: 0001536262), located at 17th Floor, London, X0. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 207 holdings with a total value of $993,297,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 XCEL ENERGY INC 1,045,448 37,542,000 3.78%
2 NEXTERA ENERGY INC 284,837 29,592,000 2.98%
3 APPLE INC 258,370 27,196,000 2.74%
4 PPL CORP 730,022 24,916,000 2.51%
5 ALLIANT ENERGY CORP 351,984 21,981,000 2.21%
6 SPECTRA ENERGY CORP 830,905 19,892,000 2.00%
7 NISOURCE 976,995 19,061,000 1.92%
8 MICROSOFT CORP 319,491 17,725,000 1.78%
9 WESTAR ENERGY 410,000 17,388,000 1.75%
10 DUKE ENERGY CORP NEW 240,902 17,198,000 1.73%
11 SOUTHERN CO 357,454 16,725,000 1.68%
12 COLGATE-PALMOLIVE CO 751,995 15,040,000 1.51%
13 CHUNGHWA TELECOM CO LTD 482,576 14,492,000 1.46%
14 MACQUARIE INFRASTRUCTURE COR 196,000 14,230,000 1.43%
15 JPMORGAN CHASE & CO 204,829 13,525,000 1.36%
16 P T TELEKOMUNIKASI INDONESIA 299,177 13,283,000 1.34%
17 Pattern Energy Group Inc 635,000 13,278,000 1.34%
18 EXXON MOBIL CORP 159,324 12,419,000 1.25%
19 WELLS FARGO & CO NEW 213,108 11,585,000 1.17%
20 AMAZON COM INC 16,201 10,950,000 1.10%
21 ENBRIDGE INC 330,000 10,928,000 1.10%
22 FACEBOOK INC 102,394 10,717,000 1.08%
23 GENERAL ELECTRIC CO 315,148 9,817,000 0.99%
24 PFIZER INC 296,489 9,571,000 0.96%
25 CITIGROUP INC 173,384 8,973,000 0.90%
26 HOME DEPOT INC 67,777 8,964,000 0.90%
27 ALPHABET INC 11,518 8,961,000 0.90%
28 BANK AMER CORP 519,442 8,742,000 0.88%
29 ALPHABET INC 11,444 8,685,000 0.87%
30 GILEAD SCIENCES INC 82,722 8,371,000 0.84%
31 WEC ENERGY GROUP INC 161,000 8,261,000 0.83%
32 VISA INC 106,469 8,257,000 0.83%
33 EXELON CORP 280,000 7,776,000 0.78%
34 PEPSICO INC 77,495 7,743,000 0.78%
35 JOHNSON & JOHNSON 75,364 7,741,000 0.78%
36 CISCO SYS INC 266,926 7,248,000 0.73%
37 MERCK & CO INC 135,290 7,146,000 0.72%
38 AT&T INC 207,567 7,142,000 0.72%
39 VERIZON COMMUNICATIONS INC 153,701 7,104,000 0.72%
40 DISNEY WALT CO 67,436 7,086,000 0.71%
41 COCA COLA CO 163,640 7,030,000 0.71%
42 AMGEN INC 42,576 6,911,000 0.70%
43 PROCTER AND GAMBLE CO 86,779 6,891,000 0.69%
44 AMERICAN ELEC P 114,000 6,643,000 0.67%
45 BERKSHIRE HATHAWAY INC DEL 50,023 6,605,000 0.66%
46 BRISTOL MYERS SQUIBB CO 94,709 6,515,000 0.66%
47 UNITEDHEALTH GROUP INC 51,975 6,114,000 0.62%
48 Philippine Long Dst Adrf 142,994 6,113,000 0.62%
49 CVS HEALTH CORP 62,112 6,073,000 0.61%
50 STARBUCKS CORP 100,813 6,052,000 0.61%
Page 1 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001536262-16-000021, filed 2016.02.02).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.