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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 OCEAN PWR TECHNOLOGIES INC 11,200 24,000 0.00%
2 MOTOROLA SOLUTIONS INC 493 34,000 0.00%
3 CHEMOURS CO 12,425 67,000 0.01%
4 COMPANIA DE MINAS BUENAVENTU 36,500 156,000 0.02%
5 QUNAR CAYMN ISLND ADR REP 3 CL B ORD 4,200 222,000 0.02%
6 QIHOO 360 TECHNOLOGY CO LTD 3,900 284,000 0.03%
7 MOBILE TELESYSTEMS PJSC 48,000 297,000 0.03%
8 EBAY INC 12,809 352,000 0.04%
9 SOUTHERN COPPER CORP 17,700 462,000 0.05%
10 PAYPAL HLDGS INC 12,809 464,000 0.05%
11 CHESAPEAKE ENERGY CORP 112,972 508,000 0.05%
12 TOPBUILD CORP 18,335 564,000 0.06%
13 CTRIP COM INTL LTD 12,600 584,000 0.06%
14 BAKER HUGHES INC 12,794 590,000 0.06%
15 OCCIDENTAL PETE CORP DEL 8,782 594,000 0.06%
16 COBALT INTL ENERGY INC 110,417 596,000 0.06%
17 CREDICORP LTD 6,300 613,000 0.06%
18 NABORS INDUSTRIES LTD 72,304 615,000 0.06%
19 FREEPORT-MCMORAN INC 93,245 631,000 0.06%
20 NETEASE INC 3,500 634,000 0.06%
21 DANAHER CORP DEL 7,360 684,000 0.07%
22 NATIONAL OILWELL VARCO INC 21,766 729,000 0.07%
23 OUTFRONT MEDIA INC 34,978 764,000 0.08%
24 ABBOTT LABS 19,482 875,000 0.09%
25 HOLLYFRONTIER CORP 22,015 878,000 0.09%
26 ENERGIZER HLDGS INC NEW COM 26,273 895,000 0.09%
27 EDGEWELL PERS CARE CO 12,740 998,000 0.10%
28 LILLY ELI & CO 11,988 1,010,000 0.10%
29 APACHE CORP 23,141 1,029,000 0.10%
30 INTUIT 10,932 1,055,000 0.11%
31 FLUOR CORP NEW 25,990 1,227,000 0.12%
32 CONCHO RESOURCES 13,434 1,247,000 0.13%
33 NOBLE ENERGY INC 38,516 1,268,000 0.13%
34 PVH CORPORATION 17,417 1,283,000 0.13%
35 BORGWARNER INC 30,033 1,298,000 0.13%
36 HARLEY DAVIDSON INC 29,479 1,338,000 0.13%
37 WHIRLPOOL CORP 9,414 1,383,000 0.14%
38 CROWN CASTLE INTL CORP NEW 16,784 1,451,000 0.15%
39 BUNGE LIMITED 21,471 1,466,000 0.15%
40 COMERICA INC 36,217 1,515,000 0.15%
41 HUNT J B TRANS SVCS INC 21,200 1,555,000 0.16%
42 Alcoa 159,061 1,570,000 0.16%
43 Intuit Inc 7,194 1,619,000 0.16%
44 AMETEK INC NEW 30,641 1,642,000 0.17%
45 MANPOWERGROUP INC 19,488 1,643,000 0.17%
46 CF INDS HLDGS INC 41,423 1,690,000 0.17%
47 BOEING CO 11,705 1,692,000 0.17%
48 SALESFORCE COM INC 21,818 1,711,000 0.17%
49 PHILIP MORRIS INTL INC 19,653 1,728,000 0.17%
50 BLACKROCK INC 5,106 1,739,000 0.18%
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.