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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
+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
Cap. Flow
+$1.35B
Cap. Flow %
5.24%
Top 10 Hldgs %
33.56%
Holding
1,531
New
32
Increased
533
Reduced
464
Closed
58

Top Buys

Rank Stock Value
1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$1.17B
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$506M
3
INDA icon
iShares MSCI India ETF
INDA
+$353M
4
COF icon
Capital One
COF
+$16.2M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$14.7M

Top Sells

Rank Stock Value
1
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$486M
2
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$66.2M
3
SRLN icon
State Street Blackstone Senior Loan ETF
SRLN
+$61.4M
4
FLHY icon
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
NVDA icon
1
NVIDIA
NVDA
$5.42T
$1.3B 5.03%
8,209,521
-29,450
-0.4% -$3.71M
IEMG icon
2
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$1.26B 4.87%
+20,923,000
New +$1.17B
MSFT icon
3
Microsoft
MSFT
$3.71T
$1.18B 4.58%
2,375,938
– –
VTI icon
4
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
$1.07B 4.14%
3,514,970
+1,800,000
+105% +$506M
AAPL icon
5
Apple
AAPL
$4.57T
$1.04B 4.02%
5,054,806
-4,605
-0.1% -$930K
VNQ icon
6
Vanguard Real Estate ETF
VNQ
$39.1B
$766M 2.97%
8,598,869
– –
AMZN icon
7
Amazon
AMZN
$2.96T
$705M 2.73%
3,214,520
+29,460
+0.9% +$5.83M
META icon
8
Meta Platforms (Facebook)
META
$1.51T
$544M 2.11%
737,038
+3,276
+0.4% +$2.02M
AVGO icon
9
Broadcom
AVGO
$2.04T
$414M 1.61%
1,502,835
+4,428
+0.3% +$962K
INDA icon
10
iShares MSCI India ETF
INDA
$6.63B
$386M 1.5%
6,929,746
+6,610,000
+2,067% +$353M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.33T
$346M 1.34%
1,963,042
-3,269
-0.2% -$535K
TSLA icon
12
Tesla
TSLA
$1.3T
$310M 1.2%
974,412
+2,063
+0.2% +$622K
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.32T
$295M 1.15%
1,665,537
-10,768
-0.6% -$1.78M
JPM icon
14
JPMorgan Chase
JPM
$950B
$274M 1.06%
943,981
-5,961
-0.6% -$1.52M
SCZ icon
15
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
$259M 1%
3,560,557
– –
BRK.B icon
16
Berkshire Hathaway Class B
BRK.B
$1.13T
$219M 0.85%
450,677
+35
+0% +$17.8K
LLY icon
17
Eli Lilly
LLY
$1.06T
$212M 0.82%
271,721
-38
-0% -$29.5K
V icon
18
Visa
V
$677B
$207M 0.8%
583,475
-904
-0.2% -$315K
NFLX icon
19
Netflix
NFLX
$309B
$193M 0.75%
1,442,230
+2,910
+0.2% +$329K
XOM icon
20
ExxonMobil
XOM
$634B
$158M 0.61%
1,466,849
-21,291
-1% -$2.28M
MA icon
21
Mastercard
MA
$493B
$156M 0.6%
276,862
-213
-0.1% -$118K
COST icon
22
Costco
COST
$420B
$149M 0.58%
150,161
– –
WMT icon
23
Walmart Inc
WMT
$890B
$146M 0.57%
1,494,513
-1,832
-0.1% -$175K
PG icon
24
Procter & Gamble
PG
$339B
$127M 0.49%
798,006
-1,845
-0.2% -$301K
JNJ icon
25
Johnson & Johnson
JNJ
$625B
$124M 0.48%
814,731
-39
-0% -$6K
1
2 3 4 5

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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.