# EDGAR Filing Document

**Accession Number:** 0001658020
**File Stem:** 0001658020-26-000003
**Filing Date:** 2026-5
**Character Count:** 15074
**Document Hash:** 0c9ab8b50128b9c66e6414242daa68b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001658020-26-000003.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001658020-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Railway Pension Investments Ltd
- **CENTRAL INDEX KEY:** 0001658020

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17037
- **FILM NUMBER:** 26967020

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 DEVONSHIRE SQUARE
- **CITY:** LONDON
- **NON US STATE TERRITORY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2M 4YH
- **BUSINESS PHONE:** 02073306807

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 DEVONSHIRE SQUARE
- **CITY:** LONDON
- **NON US STATE TERRITORY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** EC2M 4YH

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Railway Pension Investments Ltd<br>**Address:** 7 DEVONSHIRE SQUARE<br>LONDON, X0 EC2M 4YH

**Form 13F File Number:** 028-17037

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Samuel North<br>**Title:** Director of Compliance<br>**Phone:** 020 7330 6800

**Signature, Place, and Date of Signing:**

Samuel North  London, X0  05-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 103

**Form 13F Information Table Value Total:** $7025105164

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 375082155 | 1013270 | SH |  | SOLE |  | 0 | 0 | 1013270 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 264609836 | 920190 | SH |  | SOLE |  | 0 | 0 | 920190 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 245502880 | 1407700 | SH |  | SOLE |  | 0 | 0 | 1407700 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | BBG000C3HSR0 | 242643176 | 855100 | SH |  | SOLE |  | 0 | 0 | 855100 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 233637286 | 1121800 | SH |  | SOLE |  | 0 | 0 | 1121800 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 233584721 | 754692 | SH |  | SOLE |  | 0 | 0 | 754692 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 228531607 | 399440 | SH |  | SOLE |  | 0 | 0 | 399440 |
| NEXTERA ENERGY INC | COM | 65339F101 | BBG000BJSBJ0 | 216292628 | 2328732 | SH |  | SOLE |  | 0 | 0 | 2328732 |
| LAM RESEARCH CORP | COM NEW | 512807306 | BBG000BNFLM9 | 209856852 | 982200 | SH |  | SOLE |  | 0 | 0 | 982200 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 202389173 | 206469 | SH |  | SOLE |  | 0 | 0 | 206469 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 201001363 | 408930 | SH |  | SOLE |  | 0 | 0 | 408930 |
| TEXAS INSTRS INC | COM | 882508104 | BBG000BVV7G1 | 190550546 | 981511 | SH |  | SOLE |  | 0 | 0 | 981511 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG000CKGBP2 | 181649980 | 1303365 | SH |  | SOLE |  | 0 | 0 | 1303365 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | BBG014KFRNP7 | 176698230 | 632760 | SH |  | SOLE |  | 0 | 0 | 632760 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RY4 | 174176649 | 800849 | SH |  | SOLE |  | 0 | 0 | 800849 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 173047219 | 681852 | SH |  | SOLE |  | 0 | 0 | 681852 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 169459621 | 560679 | SH |  | SOLE |  | 0 | 0 | 560679 |
| STRYKER CORPORATION | COM | 863667101 | BBG000DN7P92 | 160930238 | 489760 | SH |  | SOLE |  | 0 | 0 | 489760 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG000BMHYD1 | 158894800 | 650036 | SH |  | SOLE |  | 0 | 0 | 650036 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 157571474 | 982856 | SH |  | SOLE |  | 0 | 0 | 982856 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 146130564 | 292460 | SH |  | SOLE |  | 0 | 0 | 292460 |
| IDEXX LABS INC | COM | 45168D104 | BBG000BLRT07 | 144113547 | 256480 | SH |  | SOLE |  | 0 | 0 | 256480 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 | BBG000BQZMH4 | 139424232 | 1722350 | SH |  | SOLE |  | 0 | 0 | 1722350 |
| KLA CORP | COM NEW | 482480100 | BBG000BMTFR4 | 128669493 | 87387 | SH |  | SOLE |  | 0 | 0 | 87387 |
| QUALCOMM INC | COM | 747525103 | BBG000CGC1X8 | 121388028 | 942600 | SH |  | SOLE |  | 0 | 0 | 942600 |
| AMPHENOL CORP | CL A | 032095101 | BBG000B9YJ35 | 107043720 | 847200 | SH |  | SOLE |  | 0 | 0 | 847200 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 | BBG000BGYWY6 | 106724299 | 1156151 | SH |  | SOLE |  | 0 | 0 | 1156151 |
| MCKESSON CORP | COM | 58155Q103 | BBG000DYGNW7 | 94914416 | 109682 | SH |  | SOLE |  | 0 | 0 | 109682 |
| SERVICENOW INC | COM | 81762P102 | BBG000M1R011 | 93287874 | 892280 | SH |  | SOLE |  | 0 | 0 | 892280 |
| CISCO SYS INC | COM | 17275R102 | BBG000C3J3C9 | 88303317 | 1138076 | SH |  | SOLE |  | 0 | 0 | 1138076 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG000BP6LJ8 | 85285476 | 1292400 | SH |  | SOLE |  | 0 | 0 | 1292400 |
| FASTENAL CO | COM | 311900104 | BBG000BJ8YN7 | 78265200 | 1686750 | SH |  | SOLE |  | 0 | 0 | 1686750 |
| PARKER-HANNIFIN CORP | COM | 701094104 | BBG000BR3KL6 | 65710616 | 73400 | SH |  | SOLE |  | 0 | 0 | 73400 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 63118455 | 1040700 | SH |  | SOLE |  | 0 | 0 | 1040700 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | BBG000QY3XZ2 | 61347473 | 265700 | SH |  | SOLE |  | 0 | 0 | 265700 |
| WW GRAINGER INC | COM | 384802104 | BBG000BKR1D6 | 60221438 | 55208 | SH |  | SOLE |  | 0 | 0 | 55208 |
| NETAPP INC | COM | 64110D104 | BBG000FP1N32 | 52746208 | 515150 | SH |  | SOLE |  | 0 | 0 | 515150 |
| BOOKING HOLDINGS INC | COM | 09857L108 | BBG000BLBVN4 | 48300791 | 11472 | SH |  | SOLE |  | 0 | 0 | 11472 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG000QW7VC1 | 43749618 | 92447 | SH |  | SOLE |  | 0 | 0 | 92447 |
| TJX COS INC NEW | COM | 872540109 | BBG000BV8DN6 | 42655870 | 267100 | SH |  | SOLE |  | 0 | 0 | 267100 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 42284903 | 340239 | SH |  | SOLE |  | 0 | 0 | 340239 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 | BBG000C13CD9 | 39101866 | 140720 | SH |  | SOLE |  | 0 | 0 | 140720 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | BBG000BP8Z50 | 37130473 | 85560 | SH |  | SOLE |  | 0 | 0 | 85560 |
| TAPESTRY INC | COM | 876030107 | BBG000BY29C7 | 36180604 | 256400 | SH |  | SOLE |  | 0 | 0 | 256400 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 35653970 | 191000 | SH |  | SOLE |  | 0 | 0 | 191000 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG000HS77T5 | 35391000 | 705000 | SH |  | SOLE |  | 0 | 0 | 705000 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG000BGD7W6 | 34865662 | 106600 | SH |  | SOLE |  | 0 | 0 | 106600 |
| ROLLINS INC | COM | 775711104 | BBG000BSBBP1 | 33937622 | 635417 | SH |  | SOLE |  | 0 | 0 | 635417 |
| AUTODESK INC | COM | 052769106 | BBG000BM7HL0 | 33083165 | 138192 | SH |  | SOLE |  | 0 | 0 | 138192 |
| OTIS WORLDWIDE CORP | COM | 68902V107 | BBG00RP60KV0 | 31602800 | 410000 | SH |  | SOLE |  | 0 | 0 | 410000 |
| CINTAS CORP | COM | 172908105 | BBG000H3YXF8 | 30072415 | 177796 | SH |  | SOLE |  | 0 | 0 | 177796 |
| AMGEN INC | COM | 031162100 | BBG000BBS2Y0 | 29548363 | 83980 | SH |  | SOLE |  | 0 | 0 | 83980 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG000BLNNH6 | 29469776 | 121580 | SH |  | SOLE |  | 0 | 0 | 121580 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG000FSMWC3 | 28388781 | 155700 | SH |  | SOLE |  | 0 | 0 | 155700 |
| HP INC | COM | 40434L105 | BBG000KHWT55 | 27510929 | 1432115 | SH |  | SOLE |  | 0 | 0 | 1432115 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | BBG000BBDV81 | 26661483 | 434580 | SH |  | SOLE |  | 0 | 0 | 434580 |
| INTUIT | COM | 461202103 | BBG000BH5DV1 | 22155151 | 51240 | SH |  | SOLE |  | 0 | 0 | 51240 |
| GODADDY INC | CL A | 380237107 | BBG006MDLY05 | 21800079 | 263700 | SH |  | SOLE |  | 0 | 0 | 263700 |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 21488272 | 88400 | SH |  | SOLE |  | 0 | 0 | 88400 |
| FORTIVE CORP | COM | 34959J108 | BBG00BLVZ228 | 21487336 | 388700 | SH |  | SOLE |  | 0 | 0 | 388700 |
| SNAP ON INC | COM | 833034101 | BBG000BT7JW9 | 21030438 | 57900 | SH |  | SOLE |  | 0 | 0 | 57900 |
| CF INDUSTRIES HOLD | COM | 125269100 | BBG000BWJFZ4 | 20787384 | 160100 | SH |  | SOLE |  | 0 | 0 | 160100 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG000BFT2L4 | 20237679 | 704900 | SH |  | SOLE |  | 0 | 0 | 704900 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | BBG000BMBL90 | 19824467 | 76163 | SH |  | SOLE |  | 0 | 0 | 76163 |
| ANALOG DEVICES INC | COM | 032654105 | BBG000BB6G37 | 19788308 | 62200 | SH |  | SOLE |  | 0 | 0 | 62200 |
| EMCOR GROUP INC | COM | 29084Q100 | BBG000BBRPL4 | 18753812 | 25401 | SH |  | SOLE |  | 0 | 0 | 25401 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 18753300 | 45000 | SH |  | SOLE |  | 0 | 0 | 45000 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG000D898T9 | 18193791 | 86100 | SH |  | SOLE |  | 0 | 0 | 86100 |
| ROSS STORES INC | COM | 778296103 | BBG000BSBZH7 | 17958627 | 82900 | SH |  | SOLE |  | 0 | 0 | 82900 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | BBG000D9D830 | 17890715 | 90225 | SH |  | SOLE |  | 0 | 0 | 90225 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 | BBG000CB8Q50 | 17163223 | 95900 | SH |  | SOLE |  | 0 | 0 | 95900 |
| TRIMBLE INC | COM | 896239100 | BBG000BNPS52 | 17077214 | 261800 | SH |  | SOLE |  | 0 | 0 | 261800 |
| COLGATE PALMOLIVE CO | COM | 194162103 | BBG000BFQYY3 | 15248414 | 178909 | SH |  | SOLE |  | 0 | 0 | 178909 |
| YUM BRANDS INC | COM | 988498101 | BBG000BH3GZ2 | 14708408 | 94600 | SH |  | SOLE |  | 0 | 0 | 94600 |
| GARTNER INC | COM | 366651107 | BBG000BB65D0 | 14468793 | 91378 | SH |  | SOLE |  | 0 | 0 | 91378 |
| GEN DIGITAL INC | COM | 668771108 | BBG000BH2JM1 | 12523833 | 665100 | SH |  | SOLE |  | 0 | 0 | 665100 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 11676672 | 38400 | SH |  | SOLE |  | 0 | 0 | 38400 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG000BCZL41 | 11650650 | 61400 | SH |  | SOLE |  | 0 | 0 | 61400 |
| EXPEDITORS INTL WASH INC | COM | 302130109 | BBG000BJ5GK2 | 10856834 | 75800 | SH |  | SOLE |  | 0 | 0 | 75800 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 | BBG000QH56C1 | 10624446 | 37800 | SH |  | SOLE |  | 0 | 0 | 37800 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 9984072 | 40200 | SH |  | SOLE |  | 0 | 0 | 40200 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XJ9 | 9814620 | 111000 | SH |  | SOLE |  | 0 | 0 | 111000 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | BBG000BD8PN9 | 8339689 | 70300 | SH |  | SOLE |  | 0 | 0 | 70300 |
| LOEWS CORP | COM | 540424108 | BBG000C45984 | 8058870 | 75500 | SH |  | SOLE |  | 0 | 0 | 75500 |
| AMETEK INC | COM | 031100100 | BBG000B9XG87 | 7689522 | 35872 | SH |  | SOLE |  | 0 | 0 | 35872 |
| F5 INC | COM | 315616102 | BBG000CXYSZ6 | 7618059 | 26330 | SH |  | SOLE |  | 0 | 0 | 26330 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | BBG000BN84F3 | 6761310 | 34500 | SH |  | SOLE |  | 0 | 0 | 34500 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG000BJ81C1 | 5250240 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 | BBG008NVB1C0 | 4688162 | 64700 | SH |  | SOLE |  | 0 | 0 | 64700 |
| FIDELITY NATL FINL INC | COM SHS | 31620R303 | BBG006N7S6K9 | 4452480 | 96000 | SH |  | SOLE |  | 0 | 0 | 96000 |
| DOCUSIGN INC | COM | 256163106 | BBG000N7KJX8 | 4134152 | 87200 | SH |  | SOLE |  | 0 | 0 | 87200 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG000BNWG87 | 3916580 | 45200 | SH |  | SOLE |  | 0 | 0 | 45200 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG000J2XL74 | 3809434 | 23040 | SH |  | SOLE |  | 0 | 0 | 23040 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 3801840 | 65100 | SH |  | SOLE |  | 0 | 0 | 65100 |
| DOMINOS PIZZA INC | COM | 25754A201 | BBG000P458P3 | 3480263 | 9700 | SH |  | SOLE |  | 0 | 0 | 9700 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 | BBG000BZCKH3 | 3203448 | 2540 | SH |  | SOLE |  | 0 | 0 | 2540 |
| SOLVENTUM CORP | COM SHS | 83444M101 | BBG018YZH6T3 | 3121340 | 47800 | SH |  | SOLE |  | 0 | 0 | 47800 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | BBG000PPFKQ7 | 2875896 | 17700 | SH |  | SOLE |  | 0 | 0 | 17700 |
| KROGER CO | COM | 501044101 | BBG000BMY992 | 2685280 | 37110 | SH |  | SOLE |  | 0 | 0 | 37110 |
| DECKERS OUTDOOR CORP | COM | 243537107 | BBG000BKXYX5 | 2252025 | 22500 | SH |  | SOLE |  | 0 | 0 | 22500 |
| PTC INC | COM | 69370C100 | BBG000C2VBB0 | 2198051 | 15426 | SH |  | SOLE |  | 0 | 0 | 15426 |
| RESMED INC | COM | 761152107 | BBG000L4M7F1 | 2156130 | 9605 | SH |  | SOLE |  | 0 | 0 | 9605 |
| SERVICETITAN INC | SHS CL A | 81764X103 | BBG009DVYCT2 | 270974 | 4270 | SH |  | SOLE |  | 0 | 0 | 4270 |

---