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APF
Alaska Permanent Fund Portfolio holdings
AUM
$1.57B
1-Year Est. Return
15.23%
This Fund
S&P 500
This Quarter
Est. Return
+6.18%
1 Year Est. Return
+15.23%
3 Year Est. Return
+44.24%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.69B
AUM Growth
-$5.43B
(-76%)
Cap. Flow
-$5.56B
Cap. Flow
% of AUM
-329.83%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
474
New
–
Increased
2
Reduced
1
Closed
464
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$226M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$35.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$738M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$597M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$380M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$348M |
| 5 |
iShares Russell 1000 Value ETF
IWD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0% |
| 2 | Consumer Discretionary | 0% |
| 3 | Consumer Staples | 0% |
| 4 | Energy | 0% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
JPMorgan Chase
JPM
$939B
| – | – |
-6,338
| Closed | -$1.55M |
|
|
JWN
227
DELISTED
Nordstrom
JWN
| – | – |
-109,050
| Closed | -$2.63M |
|
|
K
228
DELISTED
Kellanova
K
| – | – |
-196,508
| Closed | -$16.3M |
|
229
State Street SPDR S&P Bank ETF
KBE
$1.64B
| – | – |
-102,000
| Closed | -$5.16M |
|
230
KBR
KBR
$4.68B
| – | – |
-5,982
| Closed | -$316K |
|
231
Keurig Dr Pepper
KDP
$40.4B
| – | – |
-344,787
| Closed | -$11.9M |
|
232
KeyCorp
KEY
$24.3B
| – | – |
-188,535
| Closed | -$2.8M |
|
233
Kraft Heinz
KHC
$30.4B
| – | – |
-24,066
| Closed | -$700K |
|
|
KLG
234
DELISTED
WK Kellogg Co
KLG
| – | – |
-111,215
| Closed | -$1.99M |
|
235
Kimberly-Clark
KMB
$36.4B
| – | – |
-13,990
| Closed | -$1.84M |
|
236
Kinder Morgan
KMI
$73.1B
| – | – |
-3,130
| Closed | -$82.3K |
|
237
Coca-Cola
KO
$354B
| – | – |
-88,716
| Closed | -$6.44M |
|
238
Kroger
KR
$34.8B
| – | – |
-24,183
| Closed | -$1.75M |
|
239
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| – | – |
-173,248
| Closed | -$9.38M |
|
240
Kohl's
KSS
$2.03B
| – | – |
-96,620
| Closed | -$647K |
|
241
KraneShares CSI China Internet ETF
KWEB
$5.2B
| – | – |
-3,181,007
| Closed | -$102M |
|
242
Loews
L
$24.3B
| – | – |
-19,410
| Closed | -$1.69M |
|
243
Lithia Motors
LAD
$7.78B
| – | – |
-9,772
| Closed | -$2.86M |
|
244
Lazard
LAZ
$4.37B
| – | – |
-6,342
| Closed | -$247K |
|
245
Liberty Broadband Class A
LBRDA
$4.14B
| – | – |
-10,279
| Closed | -$915K |
|
246
Liberty Broadband Class C
LBRDK
$4.15B
| – | – |
-44,747
| Closed | -$4.04M |
|
247
Leidos
LDOS
$14.1B
| – | – |
-8,614
| Closed | -$1.27M |
|
248
Lear
LEA
$7.19B
| – | – |
-20,404
| Closed | -$1.75M |
|
249
Leggett & Platt
LEG
$1.52B
| – | – |
-59,936
| Closed | -$577K |
|
250
Lennar Class A
LEN
$20.4B
| – | – |
-16,545
| Closed | -$1.8M |
|
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Alaska Permanent Fund's Q2 2025 Portfolio in Review
As of Q2 2025, Alaska Permanent Fund held 474 positions worth $1.69B, down 76% from $7.12B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alaska Permanent Fund withdrew a net $5.56B in Q2 2025, closing 464 positions and reducing 1 holding. Its most notable exit was Vanguard S&P 500 ETF, an estimated $738M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 1.5% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Alaska Permanent Fund added an estimated $226M to iShares Core S&P 500 ETF.
- Alaska Permanent Fund added most to iShares Core S&P 500 ETF in Q2 2025, an estimated $226M increase.
- Alaska Permanent Fund's biggest Q2 2025 reduction was iShares Gold Trust Micro, cutting an estimated $20.1M.
- Alaska Permanent Fund fully exited Vanguard S&P 500 ETF in Q2 2025, selling an estimated $738M.
- Alaska Permanent Fund's ten largest holdings make up 100% of its $1.69B portfolio in Q2 2025.
- Alaska Permanent Fund opened 0 new positions and closed 464 in Q2 2025.
- Alaska Permanent Fund's portfolio value fell 76% quarter-over-quarter to $1.69B.
Based on Alaska Permanent Fund's 13F filing for Q2 2025, filed 14 Aug 2025.