§ 13F · FUND PROFILE
State of New Jersey Common Pension Fund D.
AUM · $29.3B (13F)Positions · 1718Turnover · 68% · Q1Filed · Aug 4, 2026
CONCENTRATION
30%
Top 10 holdings
NEW BUYS
+129
+$1.2B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +3pp
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED AUG 4, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 7.46M | $1.5B | 5.1% | −10% |
| 2 | AAPL | APPLE INC | 4.75M | $1.4B | 4.7% | −6% |
| 3 | IEMG | ISHARES INC | 12.46M | $1.0B | 3.5% | ±0% |
| 4 | MSFT | MICROSOFT CORP | 2.28M | $851M | 2.9% | −5% |
| 5 | VNQ | VANGUARD INDEX FDS | 8.60M | $829M | 2.8% | ±0% |
| 6 | AMZN | AMAZON COM INC | 3.13M | $746M | 2.5% | −5% |
| 7 | GOOGL | ALPHABET INC | 1.88M | $673M | 2.3% | −5% |
| 8 | VTI | VANGUARD INDEX FDS | 1.80M | $666M | 2.3% | NEW |
| 9 | AVGO | BROADCOM INC | 1.45M | $549M | 1.9% | −6% |
| 10 | GOOG | ALPHABET INC | 1.50M | $528M | 1.8% | −10% |
§ 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 $29.3 billion in assets. The fund runs a massive portfolio of 1,718 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
3 OF 2 FILINGS MEASURED
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