§ 13F · FUND PROFILE
State of New Jersey Common Pension Fund D.
Institutional filer · behavioral pattern: Income / Defensive. Summary pending.
AUM · $25787.2T (13F)Positions · 1473Turnover · 90% · Q4Filed · Jan 30, 2026
CONCENTRATION
34%
Top 10 holdings
NEW BUYS
+89
+$721.8T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → MEDIA
-1pp · +0pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED JAN 30, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 8.30M | $1547.3T | 5.6% | −2% |
| 2 | IEMG | ISHARES INC | 22.56M | $1516.6T | 5.5% | ±0% |
| 3 | AAPL | APPLE INC | 5.07M | $1377.7T | 5.0% | −3% |
| 4 | MSFT | MICROSOFT CORP | 2.41M | $1165.6T | 4.2% | −2% |
| 5 | VNQ | VANGUARD INDEX FDS | 8.60M | $760.9T | 2.8% | ±0% |
| 6 | AMZN | AMAZON COM INC | 3.28M | $757.0T | 2.7% | −2% |
| 7 | GOOGL | ALPHABET INC | 1.99M | $621.6T | 2.2% | −2% |
| 8 | AVGO | BROADCOM INC | 1.53M | $530.2T | 1.9% | −2% |
| 9 | GOOG | ALPHABET INC | 1.67M | $523.9T | 1.9% | −3% |
| 10 | META | META PLATFORMS INC | 741K | $489.2T | 1.8% | −2% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other40.2% (−1pp)
Technology14.5% (−1pp)
Semiconductors10.5% (±0)
Media7.5% (±0)
Retail6.0% (±0)
Financial Services5.3% (±0)
§ 03 · THE STATE SIGNAL
AC read
State of New Jersey Common Pension Fund D is a Income / Defensive fund managing $25787173.3 trillion in assets. The fund runs a massive portfolio of 1,473 positions, broad diversification across holdings, with the top 10 accounting for 34%. Trading activity is aggressive at 90% quarterly turnover, with 89 new positions and 0 exits last quarter. Top sector allocations: Other (40%), Technology (15%), Semiconductors (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+89 buys · −0 exits · 1242 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed