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APF
Alaska Permanent Fund Portfolio holdings
AUM
$1.28B
Turnover
28.57%
1-Year Est. Return
16.36%
This Fund
S&P 500
This Quarter
Est. Return
+6.18%
1 Year Est. Return
+16.36%
3 Year Est. Return
+69.22%
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
Avg Time Held
3.8
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
2
years
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 | Miscellaneous | 100% |
| 2 | Communication Services | 0% |
| 3 | Consumer Discretionary | 0% |
| 4 | Consumer Staples | 0% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$890B
| $837M | 49.65% |
1,318,000
+394,000
| +43% | +$226M |
2023 Q2
8 quarters
|
|
2
State Street SPDR Russell 1000 Low Volatility Focus ETF
ONEV
$280M
| $289M | 17.12% |
2,238,048
| – | – |
2020 Q1
21 quarters
|
|
3
State Street SPDR Russell 1000 Yield Focus ETF
ONEY
$643M
| $266M | 15.79% |
2,420,919
| – | – |
2020 Q1
21 quarters
|
|
4
iShares Gold Trust Micro
IAUM
$6.6B
| $95.6M | 5.67% |
2,914,000
-614,000
| -17% | -$20.1M |
2021 Q3
15 quarters
|
|
|
5
iShares Broad USD High Yield Corporate Bond ETF
USHY
$25.4B
| $85.5M | 5.07% |
2,286,619
+975,000
| +74% | +$35.8M |
2020 Q1
21 quarters
|
|
6
State Street SPDR Russell 1000 Momentum Focus ETF
ONEO
$30.5M
| $70.4M | 4.17% |
565,285
| – | – |
2020 Q1
21 quarters
|
|
7
iShares BB Rated Corporate Bond ETF
HYBB
$336M
| $25.7M | 1.53% |
550,000
| – | – |
2022 Q3
11 quarters
|
|
8
SPDR Gold MiniShares Trust
GLDM
$31B
| $11.1M | 0.66% |
171,000
| – | – |
2023 Q3
7 quarters
|
|
9
Invesco Senior Loan ETF
BKLN
$6.27B
| $5.23M | 0.31% |
250,000
| – | – |
2024 Q2
4 quarters
|
|
10
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $343K | 0.02% |
4,264
| – | – |
2020 Q1
21 quarters
|
|
11
American Airlines Group
AAL
$8.15B
| – | – |
-197,429
| Closed | -$1.96M | – |
|
12
Apple
AAPL
$5T
| – | – |
-25,886
| Closed | -$5.5M | – |
|
13
AbbVie
ABBV
$500B
| – | – |
-66,245
| Closed | -$12.9M | – |
|
14
Arch Capital
ACGL
$33.9B
| – | – |
-61,970
| Closed | -$5.62M | – |
|
15
Albertsons Companies
ACI
$6.33B
| – | – |
-128,181
| Closed | -$2.82M | – |
|
16
Accenture
ACN
$138B
| – | – |
-3,334
| Closed | -$997K | – |
|
17
Archer Daniels Midland
ADM
$40B
| – | – |
-41,392
| Closed | -$1.98M | – |
|
18
Automatic Data Processing
ADP
$113B
| – | – |
-28,068
| Closed | -$8.44M | – |
|
19
ADT
ADT
$5.01B
| – | – |
-207,177
| Closed | -$1.66M | – |
|
20
Ameren
AEE
$28.7B
| – | – |
-17,944
| Closed | -$1.78M | – |
|
21
AES
AES
$10.7B
| – | – |
-154,671
| Closed | -$1.55M | – |
|
22
American Financial Group
AFG
$12.1B
| – | – |
-32,972
| Closed | -$4.18M | – |
|
23
AGCO
AGCO
$7.46B
| – | – |
-23,569
| Closed | -$2M | – |
|
24
AGNC Investment
AGNC
$10.5B
| – | – |
-281,217
| Closed | -$2.48M | – |
|
25
American International
AIG
$41.3B
| – | – |
-38,838
| Closed | -$3.17M | – |
|
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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 Miscellaneous at 100% of assets, up from 78% a quarter earlier, followed by Communication Services and Consumer Discretionary.
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.