APF

Alaska Permanent Fund Portfolio holdings

AUM $1.69B

1-Year Return 15.98%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1

This Quarter Return

+1.03%

1 Year Return

+15.98%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$5.09B

AUM Growth

–

Cap. Flow

+$5.09B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

51.89%

Holding

402

New

399

Increased

–

Reduced

–

Closed

–

Top Buys

1	iShares MSCI USA Min Vol Factor ETF USMV	$351M
2	iShares Core MSCI EAFE ETF IEFA	$343M
3	iShares Russell 2000 Growth ETF IWO	$334M
4	SPDR Russell 1000 Low Volatility ETF ONEV	$327M
5	SPDR Russell 1000 Yield Focus ETF ONEY	$316M

Top Sells

No sells this quarter

Sector Composition

1	Financials	5.77%
2	Healthcare	3.72%
3	Technology	3.45%
4	Consumer Discretionary	2.57%
5	Industrials	2.44%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
326	326 Philip Morris PM $251B	$1.28M	0.03%	+13,065	New	+$1.28M
327	327 SPDR S&P Oil & Gas Exploration & Production ETF XOP $1.85B	$1.22M	0.02%	+9,485	New	+$1.22M
328	328 PPL Corp PPL $26.6B	$1.16M	0.02%	+43,812	New	+$1.16M
329	329 Loews L $20B	$1.12M	0.02%	+18,910	New	+$1.12M
330	330 FTI Consulting FCN $5.46B	$1.12M	0.02%	+5,891	New	+$1.12M
331	331 JB Hunt Transport Services JBHT $13.9B	$1.05M	0.02%	+5,816	New	+$1.05M
332	332 Wabtec WAB $33B	$1M	0.02%	+9,162	New	+$1M
333	333 VanEck Semiconductor ETF SMH $27.3B	$998K	0.02%	+6,554	New	+$998K
334	334 Darden Restaurants DRI $24.5B	$995K	0.02%	+5,958	New	+$995K
335	335 iShares MSCI Japan ETF EWJ $15.5B	$923K	0.02%	+14,913	New	+$923K
336	336 United Parcel Service UPS $72.1B	$870K	0.02%	+4,855	New	+$870K
337	337 Industrial Select Sector SPDR Fund XLI $23.1B	$857K	0.02%	+7,985	New	+$857K
338	338 Mondelez International MDLZ $79.9B	$832K	0.02%	+11,411	New	+$832K
339	339 Service Corp International SCI $10.9B	$814K	0.02%	+12,602	New	+$814K
340	340 Arch Capital ACGL $34.1B	$801K	0.02%	+10,699	New	+$801K
341	341 Exelixis EXEL $10.2B	$769K	0.02%	+40,259	New	+$769K
342	342 Saic SAIC $4.83B	$740K	0.01%	+6,583	New	+$740K
343	343 Church & Dwight Co CHD $23.3B	$731K	0.01%	+7,291	New	+$731K
344	344 United Therapeutics UTHR $18.1B	$723K	0.01%	+3,273	New	+$723K
345	BKI 345 DELISTED Black Knight, Inc. Common Stock BKI	$662K	0.01%	+11,091	New	+$662K
346	346 Leidos LDOS $23B	$641K	0.01%	+7,246	New	+$641K
347	347 Jack Henry & Associates JKHY $11.8B	$621K	0.01%	+3,714	New	+$621K
348	348 Erie Indemnity ERIE $17.5B	$614K	0.01%	+2,923	New	+$614K
349	ATVI 349 DELISTED Activision Blizzard Inc. ATVI	$604K	0.01%	+7,168	New	+$604K
350	350 WEC Energy WEC $34.7B	$597K	0.01%	+6,771	New	+$597K