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State of New Jersey Common Pension Fund D

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
-2.1%
1 Year Est. Return
+38.15%
3 Year Est. Return
+117.59%
5 Year Est. Return
+147%
10 Year Est. Return
+522.63%
AUM
$22.2B
AUM Growth
-$2.56B
Cap. Flow
-$1.64B
Cap. Flow %
-7.37%
Top 10 Hldgs %
28.09%
Holding
1,590
New
50
Increased
287
Reduced
1,088
Closed
91

Top Buys

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$364M
2
SRLN icon
State Street Blackstone Senior Loan ETF
SRLN
+$14.6M
3
INDA icon
iShares MSCI India ETF
INDA
+$9.47M
4
IGEB icon
iShares Investment Grade Systematic Bond ETF
IGEB
+$8.93M
5
HDB icon
HDFC Bank
HDB
+$6.58M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$119M
2
TSM icon
TSMC
TSM
+$107M
3
NVDA icon
NVIDIA
NVDA
+$96.2M
4
MSFT icon
Microsoft
MSFT
+$87.3M
5
AMZN icon
Amazon
AMZN
+$60.6M

Sector Composition

Rank Sector Weight
1 Technology 24.38%
2 Financials 12.28%
3 Consumer Discretionary 9.37%
4 Healthcare 9.25%
5 Communication Services 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SR icon
976
Spire
SR
$4.9B
$1.99M 0.01%
25,484
-5,418
-18% -$396K
NJR icon
977
New Jersey Resources
NJR
$5.64B
$1.99M 0.01%
40,632
-2,437
-6% -$116K
BGC icon
978
BGC Group
BGC
$5.2B
$1.99M 0.01%
217,361
+14,739
+7% +$138K
NWN icon
979
Northwest Natural Holdings
NWN
$2.14B
$1.99M 0.01%
46,604
-3,567
-7% -$145K
PECO icon
980
Phillips Edison & Co
PECO
$5.2B
$1.99M 0.01%
54,524
+1,042
+2% +$37.6K
MDGL icon
981
Madrigal Pharmaceuticals
MDGL
$11.7B
$1.99M 0.01%
6,005
-677
-10% -$222K
KMPR icon
982
Kemper
KMPR
$1.59B
$1.99M 0.01%
29,733
– –
CVSA
983
Covista Inc
CVSA
$4.49B
$1.99M 0.01%
19,750
-4,167
-17% -$416K
FAF icon
984
First American
FAF
$7.56B
$1.99M 0.01%
30,279
-4,593
-13% -$291K
MUR icon
985
Murphy Oil
MUR
$4.99B
$1.98M 0.01%
69,813
+5,243
+8% +$148K
ROAD icon
986
Construction Partners
ROAD
$6.73B
$1.98M 0.01%
27,561
+4,989
+22% +$393K
HIW icon
987
Highwoods Properties
HIW
$3.51B
$1.98M 0.01%
66,799
+74
+0.1% +$2.16K
ESNT icon
988
Essent Group
ESNT
$6.23B
$1.98M 0.01%
34,288
-3,338
-9% -$189K
FCPT icon
989
Four Corners Property Trust
FCPT
$2.76B
$1.98M 0.01%
68,946
-3,190
-4% -$89.1K
APPF icon
990
AppFolio
APPF
$7.22B
$1.98M 0.01%
8,997
-188
-2% -$43.1K
TXNM
991
TXNM Energy Inc
TXNM
$5.91B
$1.98M 0.01%
36,982
-6,869
-16% -$345K
U icon
992
Unity
U
$20.2B
$1.98M 0.01%
100,858
-9,309
-8% -$210K
RDN icon
993
Radian Group
RDN
$4.92B
$1.98M 0.01%
59,744
-2,251
-4% -$73.3K
MMSI icon
994
Merit Medical Systems
MMSI
$5.4B
$1.98M 0.01%
18,689
-2,072
-10% -$214K
MDU icon
995
MDU Resources
MDU
$4.27B
$1.98M 0.01%
116,818
+4,803
+4% +$82.9K
NEU icon
996
NewMarket
NEU
$8.72B
$1.97M 0.01%
3,486
-440
-11% -$232K
UTL icon
997
Unitil
UTL
$992M
$1.97M 0.01%
34,197
-3,354
-9% -$185K
PTCT icon
998
PTC Therapeutics
PTCT
$6.01B
$1.97M 0.01%
38,675
-14,657
-27% -$731K
CNR
999
Core Natural Resources Inc
CNR
$4.64B
$1.97M 0.01%
+25,562
New +$2.16M
EPRT icon
1000
Essential Properties Realty Trust
EPRT
$6.71B
$1.97M 0.01%
60,340
-4,235
-7% -$134K
38 39
40
41 42

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State of New Jersey Common Pension Fund D's Q1 2025 Portfolio in Review

As of Q1 2025, State of New Jersey Common Pension Fund D held 1,590 positions worth $22.2B, down 10% from $24.8B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

State of New Jersey Common Pension Fund D withdrew a net $1.64B in Q1 2025, closing 91 positions and reducing 1,088 holdings. Its most notable exit was TSMC, an estimated $107M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 28% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, State of New Jersey Common Pension Fund D opened a new position in United Airlines worth $2.11M.

  • State of New Jersey Common Pension Fund D's largest Q1 2025 buy was United Airlines: 30,545 shares worth $2.11M.
  • State of New Jersey Common Pension Fund D added most to Vanguard Real Estate ETF in Q1 2025, an estimated $364M increase.
  • State of New Jersey Common Pension Fund D's biggest Q1 2025 reduction was Apple, cutting an estimated $119M.
  • State of New Jersey Common Pension Fund D fully exited TSMC in Q1 2025, selling an estimated $107M.
  • State of New Jersey Common Pension Fund D's ten largest holdings make up 28% of its $22.2B portfolio in Q1 2025.
  • State of New Jersey Common Pension Fund D opened 50 new positions and closed 91 in Q1 2025.
  • State of New Jersey Common Pension Fund D's portfolio value fell 10% quarter-over-quarter to $22.2B.

Based on State of New Jersey Common Pension Fund D's 13F filing for Q1 2025, filed 13 May 2025.