§ 13F · FUND PROFILE
State of New Jersey Common Pension Fund D.
Institutional filer · behavioral pattern: Income / Defensive. Summary pending.
AUM · $27.2B (13F)Positions · 1460Turnover · 68% · Q1Filed · May 5, 2026
CONCENTRATION
30%
Top 10 holdings
NEW BUYS
+129
+$192M deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 5, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 8.31M | $1.4B | 5.6% | ±0% |
| 2 | AAPL | APPLE INC | 5.02M | $1.3B | 4.9% | −1% |
| 3 | MSFT | MICROSOFT CORP | 2.41M | $893M | 3.4% | ±0% |
| 4 | IEMG | ISHARES INC | 12.46M | $869M | 3.4% | −45% |
| 5 | VNQ | VANGUARD INDEX FDS | 8.60M | $763M | 2.9% | ±0% |
| 6 | AMZN | AMAZON COM INC | 3.29M | $685M | 2.6% | ±0% |
| 7 | GOOGL | ALPHABET INC | 1.99M | $571M | 2.2% | ±0% |
| 8 | GOOG | ALPHABET INC | 1.67M | $479M | 1.8% | ±0% |
| 9 | AVGO | BROADCOM INC | 1.54M | $477M | 1.8% | +1% |
| 10 | META | META PLATFORMS INC | 745K | $426M | 1.6% | ±0% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other43.6% (+3pp)
Technology13.0% (−1pp)
Semiconductors11.0% (±0)
Media7.2% (±0)
Retail6.2% (±0)
Financial Services4.9% (±0)
§ 03 · THE STATE SIGNAL
AC read
State of New Jersey Common Pension Fund D is a Income / Defensive fund managing $27.2 billion in assets. The fund runs a massive portfolio of 1,460 positions, broad diversification across holdings, with the top 10 accounting for 30%. Trading activity is aggressive at 68% quarterly turnover, with 129 new positions and 0 exits last quarter. Top sector allocations: Other (44%), Technology (13%), Semiconductors (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+129 buys · −0 exits · 925 changed
Q4 2025
Busy quarter
+89 buys · −0 exits · 1242 changed
Q3 2025
Busy quarter
+56 buys · −0 exits · 1287 changed
Q2 2025
Busy quarter
+33 buys · −0 exits · 999 changed