BT is the most dynamic Telecoms, Broadband, TV and Communications company.
http://www.bt.com
It has a massive pension fund that pays out pensions to 199,000 retired BT employees each month. It holds over £40billion in investment assets to pay these deserving former employees.
It’s top 30 investments are
UK Treasury Index linked/fixed interest £9,131m 21.3% of total net assets
Hermes Investment Funds plc Pooled Investment Vehicle £1,591m 3.8% of total net assets
Kemble Water Holdings Ltd UK equities/fixed interest £535m 1.3% of total net assets
Brevan Howard Fund Limited Pooled Investment Vehicle £449m 1.0% of total net assets
Milton Park Property £435m 1.0% of total net assets
Bridgewater Pure Alpha Fund II, Ltd Pooled Investment Vehicle £386m 0.9% of total net assets
MKP Partners funds Pooled Investment Vehicle £385m 0.9% of total net assets
Goldman Sachs Group Inc and funds Overseas equities/fixed interest/Pooled Investment Vehicle £356m 0.8% of total net assets
Lone Star funds Pooled Investment Vehicle £336m 0.8% of total net assets
Hermes GPE Infrastructure Fund LP Pooled Investment Vehicle £334m 0.8% of total net assets
Network Rail Ltd Index linked £303m 0.7% of total net assets
Fallago Rig Windfarm Limited UK equities/fixed interest £271m 0.6% of total net assets
Kings Cross Central LP Pooled Investment Vehicle £199m 0.4% of total net assets
Commercial Mortgage Investments Limited Loans £192m 0.4% of total net assets
Riverstone/Carlyle Renewable & Alternative Energy Fund II LP Pooled Investment Vehicle £192m 0.4% of total net assets
US Treasury Index linked/fixed interest £184m 0.4% of total net assets
Bluewater Property £159m 0.4% of total net assets
Hermes GPE PEC II LP Pooled Investment Vehicle £147m 0.3% of total net assets
Lloyds Bank plc UK equities/fixed interest £146m 0.3% of total net assets
26/28 Hammersmith Grove Property £130m 0.3% of total net assets
Microsoft Corporation Inc Overseas equities/fixed interest £130m 0.3% of total net assets
Clarkes Village Property £123m 0.3% of total net assets
Castlecourt Property £122m 0.3% of total net assets
Visa Inc Overseas equities £122m 0.3% of total net assets
Merck & Company Inc Overseas equities/fixed interest £121m 0.3% of total net assets
Wells Fargo & Company Inc Overseas equities/fixed interest £112m 0.3% of total net assets
Wal-Mart Stores Inc Overseas equities/fixed interest £111m 0.3% of total net assets
Crystal Peaks Property £105m 0.2% of total net assets
Intel Corporation Overseas equities/fixed interest £104m 0.2% of total net assets
Royal Victoria Place Property £103m 0.2% of total net assets
Total £17,014m is the top 30 investments.
Interesting to see that the fund has to hold investments that pay out an income so that this investment income can pay the pensions to the former BT employees each month. A monthly obligation that has to me met by the investments in the fund.