Highlights of OTPP’s third quarter 13F filing

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Highlights of OTPP’s 13F filing

The Ontario Teachers’ Pension Plan (or OTPP), also referred to as “Teachers,” is the largest single-profession pension plan in Canada. The fund had $140.8 billion in net assets as of December 31, 2013. It filed its third quarter 13F earlier this month. In this series, we’ll go through some of the top positions that the fund traded in 3Q14. 3Q14 ended in September.

The fund’s portfolio was valued at $12.4 billion. It was down slightly from $12.5 billion in the second quarter. The portfolio included 681 stocks.

OTPP holdings

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OTPP added new positions in The Priceline Group Inc. (PCLN), XPO Logistics Inc. (XPO), United Technologies Corp. (UTX), Grupo Aval Acciones y Valores S.A. (AVAL), and Alibaba Group Holding (BABA). The top positions it exited in 3Q14 were in Melco Crown Entertainment (MPEL) and HollyFrontier Corp. (HFC). The top holdings are outlined below.

OTPP top10

More about OTPP

OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario. In April, OTPP said it saw a 10.9% rate of return for the year ending December 31, 2013. This boosted net assets to $140.8 billion—from $129.5 billion at the end of 2012.

A release from OTPP cited CEM Benchmarking’s latest data for the ten years ending in 2012. It said that OTPP’s total returns and value-added returns were the highest among large, global peer pension funds.

In the next part of this series, we’ll will discuss OTPP’s new position in The Priceline Group.

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