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State of New Jersey Common Pension Fund D Portfolio holdings
AUM
$29.3B
1-Year Est. Return
38.15%
This Fund
S&P 500
This Quarter
Est. Return
+12.9%
1 Year Est. Return
+38.15%
3 Year Est. Return
+117.59%
5 Year Est. Return
+147%
10 Year Est. Return
+522.63%
AUM
$25.8B
AUM Growth
+$3.57B
(+16%)
Cap. Flow
+$1.35B
Cap. Flow
% of AUM
5.24%
Top 10 Holdings %
Top 10 Hldgs %
33.56%
Holding
1,531
New
32
Increased
533
Reduced
464
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$1.17B |
| 2 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$506M |
| 3 |
iShares MSCI India ETF
INDA
|
+$353M |
| 4 |
Capital One
COF
|
+$16.2M |
| 5 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$14.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI EAFE ETF
IEFA
|
+$486M |
| 2 |
iShares Core MSCI Europe ETF
IEUR
|
+$66.2M |
| 3 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$61.4M |
| 4 |
Franklin High Yield Corporate ETF
FLHY
|
+$19.1M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$14.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.68% |
| 2 | Financials | 11.46% |
| 3 | Consumer Discretionary | 8.94% |
| 4 | Communication Services | 7.61% |
| 5 | Healthcare | 7.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Itaú Unibanco
ITUB
$81.6B
| $21.2M | 0.08% |
3,218,367
| – | – |
|
202
Sun Communities
SUI
$14.6B
| $21.1M | 0.08% |
166,979
-888
| -0.5% | -$110K |
|
203
Invitation Homes
INVH
$18B
| $21.1M | 0.08% |
642,920
| – | – |
|
204
Air Products & Chemicals
APD
$67.8B
| $21M | 0.08% |
74,525
| – | – |
|
205
AutoZone
AZO
$49.9B
| $20.8M | 0.08% |
5,602
-22
| -0.4% | -$81.1K |
|
206
CSX Corp
CSX
$93.5B
| $20.8M | 0.08% |
637,225
-11,086
| -2% | -$334K |
|
207
Freeport-McMoran
FCX
$94.1B
| $20.7M | 0.08% |
477,647
+3,696
| +0.8% | +$140K |
|
208
Travelers Companies
TRV
$77.3B
| $20.5M | 0.08% |
76,721
| – | – |
|
|
AXON
209
Axon Enterprise
AXON
$49.1B
| $20.5M | 0.08% |
24,771
-92
| -0.4% | -$62.6K |
|
210
Cloudflare
NET
$117B
| $20.4M | 0.08% |
103,964
+862
| +0.8% | +$125K |
|
211
Roper Technologies
ROP
$38.6B
| $19.8M | 0.08% |
34,870
| – | – |
|
212
Kinder Morgan
KMI
$71.9B
| $19.7M | 0.08% |
670,607
| – | – |
|
213
Airbnb
ABNB
$110B
| $19.6M | 0.08% |
147,833
| – | – |
|
214
Fomento Económico Mexicano
FMX
$39.9B
| $19.5M | 0.08% |
189,694
-3,358
| -2% | -$347K |
|
215
SLB Ltd
SLB
$77.1B
| $19.5M | 0.08% |
577,133
+42,123
| +8% | +$1.46M |
|
216
Norfolk Southern
NSC
$76.3B
| $19.5M | 0.08% |
76,178
-135
| -0.2% | -$31.8K |
|
217
Carrier Global
CARR
$52.5B
| $19.3M | 0.07% |
263,385
-1,242
| -0.5% | -$84.3K |
|
218
Regeneron Pharmaceuticals
REGN
$83.2B
| $19M | 0.07% |
36,223
-23
| -0.1% | -$12.8K |
|
219
Aflac
AFL
$60.8B
| $19M | 0.07% |
180,113
| – | – |
|
220
Apollo Global Management
APO
$83.1B
| $19M | 0.07% |
133,650
+674
| +0.5% | +$89.4K |
|
221
Roblox
RBLX
$26.5B
| $18.9M | 0.07% |
180,114
+14,504
| +9% | +$1.14M |
|
222
American Electric Power
AEP
$68.2B
| $18.9M | 0.07% |
182,261
| – | – |
|
223
iShares MSCI India Small-Cap ETF
SMIN
$776M
| $18.8M | 0.07% |
243,678
-12,721
| -5% | -$915K |
|
224
Quanta Services
PWR
$102B
| $18.7M | 0.07% |
49,370
| – | – |
|
225
Cheniere Energy
LNG
$55.4B
| $18.6M | 0.07% |
76,520
| – | – |
|
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FDCDDQ
State of New Jersey Common Pension Fund D's Q2 2025 Portfolio in Review
As of Q2 2025, State of New Jersey Common Pension Fund D held 1,531 positions worth $25.8B, up 16% from $22.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
State of New Jersey Common Pension Fund D deployed $1.35B of net new capital in Q2 2025, opening 32 new positions and adding to 533 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 20,923,000 shares worth $1.26B.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was State Street Blackstone Senior Loan ETF, an estimated $61.4M trimmed.
- State of New Jersey Common Pension Fund D's largest Q2 2025 buy was iShares Core MSCI Emerging Markets ETF: 20,923,000 shares worth $1.26B.
- State of New Jersey Common Pension Fund D added most to Vanguard Morningstar Total Stock Market ETF in Q2 2025, an estimated $506M increase.
- State of New Jersey Common Pension Fund D's biggest Q2 2025 reduction was State Street Blackstone Senior Loan ETF, cutting an estimated $61.4M.
- State of New Jersey Common Pension Fund D fully exited iShares Core MSCI EAFE ETF in Q2 2025, selling an estimated $486M.
- State of New Jersey Common Pension Fund D's ten largest holdings make up 34% of its $25.8B portfolio in Q2 2025.
- State of New Jersey Common Pension Fund D opened 32 new positions and closed 58 in Q2 2025.
- State of New Jersey Common Pension Fund D's portfolio value rose 16% quarter-over-quarter to $25.8B.
Based on State of New Jersey Common Pension Fund D's 13F filing for Q2 2025, filed 31 Jul 2025.