State of New Jersey Common Pension Fund D’s iShares CMBS ETF CMBS Stock Holding History

State of New Jersey Common Pension Fund D’s Portfolio CMBS Stock Details CMBS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-521,932	Closed	-$25.6M	–	1487
2025 Q3	$25.6M	Hold	521,932	–	–	0.09%	176
2025 Q2	$25.4M	Hold	521,932	–	–	0.1%	167
2025 Q1	$25.1M	Hold	521,932	–	–	0.11%	158
2024 Q4	$24.6M	Hold	521,932	–	–	0.1%	174
2024 Q3	$25.5M	Buy	521,932 +150,000	+40%	+$7.19M	0.11%	167
2024 Q2	$17.5M	Sell	371,932 -178,068	-32%	-$8.28M	0.08%	214
2024 Q1	$25.9M	Buy	550,000 +439,483	+398%	+$20.5M	0.08%	226
2023 Q4	$5.17M	Buy	+110,517	New	+$5M	0.02%	654

Other funds holding CMBS

Syon Capital San Francisco, California $1.99B AUM 22.67% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

AWM

AE Wealth Management Topeka, Kansas $21.5B AUM 26.98% 1-Year Est. Return

Arvest Investments Rogers, Arkansas $827M AUM 21.19% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Hancock Whitney Gulfport, Mississippi $5.75B AUM 24.3% 1-Year Est. Return

PRI

Prepared Retirement Institute Lansdale, Pennsylvania $235M AUM 16.29% 1-Year Est. Return

Prudential plc London, England, United Kingdom $17.1B AUM 15.7% 1-Year Est. Return

State of New Jersey Common Pension Fund D's CMBS Position: Q4 2025 in Review

State of New Jersey Common Pension Fund D sold out of iShares CMBS ETF (CMBS) in Q4 2025, closing a stake of 521,932 shares — an estimated $25.6M sold.

State of New Jersey Common Pension Fund D first reported a position in CMBS in Q4 2023 and held it in 8 quarters. The position peaked at $25.9M in Q1 2024. 94 funds tracked by Wall St. Rank hold CMBS as of Q4 2025.

State of New Jersey Common Pension Fund D reported no remaining iShares CMBS ETF position as of Q4 2025 after selling out during the quarter.
State of New Jersey Common Pension Fund D sold 521,932 iShares CMBS ETF shares in Q4 2025, an estimated $25.6M.
State of New Jersey Common Pension Fund D first reported a position in iShares CMBS ETF in Q4 2023 and held it in 8 quarters.
State of New Jersey Common Pension Fund D's iShares CMBS ETF position peaked at $25.9M in Q1 2024.
94 funds tracked by Wall St. Rank held iShares CMBS ETF as of Q4 2025.

Based on State of New Jersey Common Pension Fund D's 13F filing for Q4 2025, filed 30 Jan 2026.