Board of the Pension Protection Fund

RIA/Wealth

Board of the Pension Protection Fund is a RIA/Wealth based in Dublin, OH led by Michael John Martinez, reporting $142.0M in AUM as of Q3 2025 with HPE as the largest holding (2% allocation).

Managing PartnerMichael John Martinez

Portfolio Value: $102.1M
Positions: 144
Top Holding: HPE at 1.89%
Last Reported: Q3 2025

Address700 Stonehenge Parkway, Suite B, Dublin, OH, 43017, United States

Top Holdings

Largest long holdings in Board of the Pension Protection Fund's portfolio (16.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Hewlett Packard Enterprise HPE	Communication Equipment Technology	$1.9M	1.89%	+$454.4K Bought	0.01% 78.6K shares	Q2 2025 Held for 5 months
2 Flex Ltd. FLEX	Hardware, Equipment & Parts Technology	$1.8M	1.81%	-$904.3K Sold	0.01% 31.9K shares	Q2 2025 Held for 5 months
3 Leidos Holdings LDOS	Information Technology Services Technology	$1.8M	1.79%	+$189.0K Bought	0.01% 9.7K shares	Q4 2024 Held for 11 months
4 United Airlines Holdings UAL	Airlines, Airports & Air Services Industrials	$1.7M	1.63%	+$501.8K Bought	0.01% 17.2K shares	Q1 2025 Held for 8 months
5 Textron TXT	Aerospace & Defense Industrials	$1.6M	1.56%	+$1.0M Bought	0.01% 18.9K shares	Q2 2025 Held for 5 months
6 Bank of New York Mellon BK	Asset Management Financial Services	$1.5M	1.50%	-$348.7K Sold	0.00% 14.1K shares	Q1 2025 Held for 8 months
7 NiSource NI	Regulated Gas Utilities	$1.5M	1.48%	+$177.5K Bought	0.01% 35.0K shares	Q1 2025 Held for 8 months
8 Loews L	Insurance - Property & Casualty Financial Services	$1.5M	1.46%	-$70.3K Sold	0.01% 14.9K shares	Q2 2025 Held for 5 months
9 Citizens Financial Group CFG	Banks - Regional Financial Services	$1.5M	1.46%	-$233.9K Sold	0.01% 28.0K shares	Q2 2025 Held for 5 months
10 Fox Corporation FOXA	Entertainment Communication Services	$1.5M	1.46%	-$132.4K Sold	0.01% 23.6K shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Board of the Pension Protection Fund's latest filing

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Market Value

$102.1M

Prior: $92.5M

Q/Q Change

+10.42%

+$9.6M

Net Flows % of MV

-0.152%

Turnover Ratio

48.46%

New Purchases

73 stocks

$35.5M

Added To

29 stocks

+$10.7M

Sold Out Of

40 stocks

$29.6M

Reduced Holdings

29 stocks

-$16.7M

Increased Positions

Position	Shares Δ	Change
1 Delta Air Lines DAL	New	0 → 20.1K +$1.1M
2 Pure Storage, Inc. PSTG	New	0 → 12.8K +$1.1M
3 Baker Hughes BKR	New	0 → 22.0K +$1.1M
4 Warner Bros. Discovery, Inc. WBD	New	0 → 53.2K +$1.0M
5 Centene CNC	New	0 → 28.1K +$1.0M

Decreased Positions

Position	Shares Δ	Change
1 Applovin Corporation APP	Sold	5.6K → 0 −$2.0M
2 Northern Trust NTRS	Sold	14.7K → 0 −$1.9M
3 Cisco Systems, Inc. CSCO	Sold	24.0K → 0 −$1.7M
4 Juniper Networks JNPR	Sold	39.4K → 0 −$1.6M
5 VeriSign VRSN	Sold	5.4K → 0 −$1.6M