Alaska Permanent Fund Corp

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Alaska Permanent Fund Corp reported 470 stock positions worth $6.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.4% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 6.5%) and iShares MSCI USA Min Vol Fac (USMV, 6.2%). Compared with Q3 2024, it opened 1 new position, sold out of 6, added to 9 and reduced 19. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +41%) and the biggest sale Vanguard Ftse Emerging Marke (VWO, shares −44%).

Most Recent 13F
Q2 2026
Location
JUNEAU, AK
CIK
0001582681
Portfolio Value
$6.7B (Q4 2024)
SEC Filing
0001582681-25-000001 ↗ filed Jan 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $6.8B Q1 2024 Q2 2024: $6.8B Q2 2024 Q3 2024: $6.8B Q3 2024 Q4 2024: $6.7B $6.7B Q4 2024 Q1 2025: $7.1B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 470 stocks · $6.7B
IVV iShares Core S&P 500 ETF 17.43% 1,995,000 $1.2B Add +40.8%
IWD iShares Russell 1000 Value E 6.48% 2,357,188 $436.4M Reduce -4.3%
USMV iShares MSCI USA Min Vol Fac 6.20% 4,702,762 $417.6M Add +0.1%
SPLV Invesco S&P 500 Low Volatili 4.74% 4,566,374 $319.6M Add +1.6%
VOO Vanguard S&P 500 ETF 4.28% 535,035 $288.3M Add +46874.1%
ONEV SS SPDR R1000 Lo Vol Foc ETF 4.17% 2,238,048 $280.8M Reduce -25.7%
ONEY SS SPDR R1000 Yield Foc ETF 3.91% 2,420,919 $263.5M Reduce -26.9%
DFSV Dimensional US Small Cap Val 3.48% 7,620,911 $234.6M Reduce -7.1%
GDXJ Vaneck Junior Gold Miners 3.35% 5,285,629 $226.0M Reduce -19.0%
IWN iShares Russell 2000 Value E 3.00% 1,232,534 $202.3M Reduce -12.9%
IEFA iShares Core MSCI Eafe ETF 2.65% 2,543,098 $178.7M Add +43.6%
IAUM iShares Gold Trust Micro 2.54% 6,540,000 $171.2M Reduce -3.9%
DFAS Dimensional US Small Cap ETF 2.43% 2,518,859 $163.9M Reduce -6.8%
VWO Vanguard Ftse Emerging Marke 2.06% 3,156,165 $139.0M Reduce -44.2%
KWEB Kranesh Csi China Internet 1.82% 4,186,181 $122.4M Reduce -29.0%
GDX Vaneck Gold Miners ETF 1.11% 2,214,737 $75.1M Reduce -16.7%
IWM iShares Russell 2000 ETF 1.02% 309,518 $68.4M No change
ONEO SS SPDR R1000 Mom Foc ETF 0.99% 565,285 $67.0M Reduce -12.4%
XLV SS Health Care Select Sector 0.96% 469,906 $64.6M Add +157.6%
USHY iShares Broad Usd High Yield 0.88% 1,611,619 $59.3M Reduce -23.7%
ASHR Xtrackers Harvest Csi 300 CH 0.86% 2,190,032 $58.0M Add +19.5%
BRK.B Berkshire Hathaway Inc. Class B 0.48% 72,068 $32.7M No change
HYBB iShares BB Rated Corp. Bond 0.38% 550,000 $25.3M No change
IEMG iShares Core MSCI Emerging 0.37% 481,000 $25.1M No change
T AT&T Inc. 0.37% 1,096,437 $25.0M No change
JNJ Johnson & Johnson 0.34% 160,580 $23.2M No change
CSCO Cisco Systems Inc. 0.34% 389,461 $23.1M No change
TMUS T-Mobile US Inc. 0.33% 100,265 $22.1M No change
VZ Verizon Communications Inc. 0.32% 544,040 $21.8M No change
PGR Progressive Corp. 0.29% 80,872 $19.4M No change
PG The Procter & Gamble Co. 0.29% 115,050 $19.3M No change
TRV The Travelers Cos Inc. 0.28% 77,774 $18.7M No change
ORI Old Republic Intl Corp. 0.27% 509,274 $18.4M No change
MRK Merck & Co. Inc. 0.27% 181,071 $18.0M No change
MCK McKesson Corp. 0.25% 29,751 $17.0M No change
FLJP Franklin Ftse Japan ETF 0.25% 580,000 $16.6M No change
CBOE Cboe Global Markets Inc. 0.24% 81,861 $16.0M No change
K Kellanova 0.24% 196,508 $15.9M No change
ROP Roper Technologies Inc. 0.23% 29,496 $15.3M No change
MSFT Microsoft Corp. 0.22% 35,576 $15.0M No change
MRSH Marsh & McLennan Cos 0.22% 70,443 $15.0M No change
UNH Unitedhealth Group Inc. 0.22% 29,174 $14.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.21% 65,755 $14.5M No change
CL Colgate-Palmolive Co. 0.21% 155,672 $14.2M No change
WTW Willis Towers Watson PLC 0.21% 45,127 $14.1M No change
LLY Eli Lilly & Co. 0.21% 18,232 $14.1M No change
AMGN Amgen Inc. 0.21% 53,770 $14.0M No change
LOPE Grand Canyon Education Inc. 0.21% 85,423 $14.0M No change
IDA Idacorp Inc. 0.21% 126,488 $13.8M No change
CTAS Cintas Corp. 0.20% 73,204 $13.4M No change
DOX Amdocs Ltd. 0.19% 153,043 $13.0M No change
CME Cme Group Inc. 0.19% 55,755 $12.9M No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.19% 45,026 $12.8M No change
RSG Republic Services Inc. 0.18% 60,991 $12.3M No change
FCN Fti Consulting Inc. 0.18% 63,988 $12.2M No change
MSI Motorola Solutions Inc. 0.18% 26,177 $12.1M No change
RBA RB Global Inc. 0.18% 132,284 $11.9M No change
MUSA Murphy USA Inc. 0.17% 23,489 $11.8M No change
ABBV Abbvie Inc. 0.17% 66,245 $11.8M No change
WTM White Mountains Insurance GP 0.17% 5,902 $11.5M No change
KDP Keurig Dr Pepper Inc. 0.16% 344,787 $11.1M No change
HIG Hartford Insurance Group Inc. 0.16% 99,747 $10.9M No change
PKG Packaging Corp. of America 0.16% 48,285 $10.9M No change
VRTX Vertex Pharmaceuticals Inc. 0.16% 26,346 $10.6M No change
NEU Newmarket Corp. 0.16% 20,039 $10.6M No change
KRE SS SPDR S&P Regional Bank 0.16% 173,248 $10.5M Reduce -32.6%
ATR Aptargroup Inc. 0.15% 65,541 $10.3M No change
DLB Dolby Laboratories Inc. Class A 0.15% 128,952 $10.1M No change
MCD McDonald's Corp. 0.15% 34,708 $10.1M No change
LSTR Landstar System Inc. 0.15% 57,011 $9.8M No change
CCC CCC Intelligent Solutions Ho 0.14% 827,091 $9.7M No change
WM Waste Management Inc. 0.14% 46,109 $9.3M No change
PEP Pepsico Inc. 0.14% 60,938 $9.3M No change
PCAR Paccar Inc. 0.13% 86,699 $9.0M No change
GLDM SPDR Gold Minishares Trust 0.13% 171,000 $8.9M No change
GILD Gilead Sciences Inc. 0.13% 93,699 $8.7M No change
KBE SS SPDR S&P Bank ETF 0.13% 153,000 $8.5M No change
ADP Automatic Data Processing 0.12% 28,068 $8.2M No change
SSRM SSR Mining Inc. 0.12% 1,165,463 $8.1M No change
JNPR Juniper Networks Inc. 0.12% 216,199 $8.1M No change
VRSN Verisign Inc. 0.12% 37,484 $7.8M No change
NTAP Netapp Inc. 0.11% 66,467 $7.7M No change
EEMV iShares MSCI Emg MKT Min Vol 0.11% 132,854 $7.7M No change
CB Chubb Ltd. 0.11% 27,751 $7.7M No change
CNA Cna Financial Corp. 0.11% 158,454 $7.7M No change
PSX Phillips 66 0.11% 65,636 $7.5M No change
CSX CSX Corp. 0.10% 216,413 $7.0M No change
DUK Duke Energy Corp. 0.10% 63,385 $6.8M No change
CEG Constellation Energy 0.10% 29,842 $6.7M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.10% 111,446 $6.5M No change
AAPL Apple Inc. 0.10% 25,886 $6.5M No change
SCCO Southern Copper Corp. 0.10% 70,334 $6.4M Add +0.6%
XEL Xcel Energy Inc. 0.09% 90,714 $6.1M No change
CVX Chevron Corp. 0.09% 41,445 $6.0M No change
XLP SS Consumer Staples Sel Sect 0.09% 75,918 $6.0M No change
APH Amphenol Corp. Class A 0.09% 85,844 $6.0M No change
UAL United Airlines Holdings Inc. 0.09% 61,379 $6.0M No change
GNTX Gentex Corp. 0.09% 206,338 $5.9M No change
VST Vistra Corp. 0.09% 42,709 $5.9M No change
AKAM Akamai Technologies Inc. 0.09% 59,988 $5.7M No change

Show all 470 holdings

Portfolio Sells Q3 2024 → Q4 2024
VWO Vanguard Ftse Emerging Marke Reduce -44.2% 2.06% −1.90
ONEV SS SPDR R1000 Lo Vol Foc ETF Reduce -25.7% 4.17% −1.56
ONEY SS SPDR R1000 Yield Foc ETF Reduce -26.9% 3.91% −1.53
GDXJ Vaneck Junior Gold Miners Reduce -19.0% 3.35% −1.31
KWEB Kranesh Csi China Internet Reduce -29.0% 1.82% −1.12
XOP SS SPDR S&P Og Exp & Prod Reduce -96.0% 0.03% −0.66
IWN iShares Russell 2000 Value E Reduce -12.9% 3.00% −0.45
GDX Vaneck Gold Miners ETF Reduce -16.7% 1.11% −0.44
IWD iShares Russell 1000 Value E Reduce -4.3% 6.48% −0.37
IWO iShares Russell 2000 Growth Reduce -93.1% 0.02% −0.32
USHY iShares Broad Usd High Yield Reduce -23.7% 0.88% −0.28
DFSV Dimensional US Small Cap Val Reduce -7.1% 3.48% −0.22
DFAS Dimensional US Small Cap ETF Reduce -6.8% 2.43% −0.13
ONEO SS SPDR R1000 Mom Foc ETF Reduce -12.4% 0.99% −0.13
XBI SS SPDR S&P Biotech ETF Reduce -75.5% 0.03% −0.12
IAUM iShares Gold Trust Micro Reduce -3.9% 2.54% −0.07
IJT iShares S&P Small-Cap 600 GR Reduce -70.0% 0.03% −0.06
KRE SS SPDR S&P Regional Bank Reduce -32.6% 0.16% −0.06
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.06
MRO Marathon Oil Corp. Sold out 0.00% −0.04
SWN Southwestern Energy Co. Sold out 0.00% −0.04
BATRK Atlanta Braves Holdings in-C Reduce -32.2% 0.07% −0.04
XLI SS Industrial Select Sector Sold out 0.00% −0.02
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.00
ANET Arista Networks Inc. Sold out 0.00% −0.00

Portfolio Buys Q3 2024 → Q4 2024
IVV iShares Core S&P 500 ETF Add +40.8% 17.43% +5.46
VOO Vanguard S&P 500 ETF Add +46874.1% 4.28% +4.27
IEFA iShares Core MSCI Eafe ETF Add +43.6% 2.65% +0.63
XLV SS Health Care Select Sector Add +157.6% 0.96% +0.55
ASHR Xtrackers Harvest Csi 300 CH Add +19.5% 0.86% +0.09
EXE Expand Energy Corp. New 0.05% +0.05
COP Conocophillips Add +946.1% 0.04% +0.04
SPLV Invesco S&P 500 Low Volatili Add +1.6% 4.74% +0.02
SCCO Southern Copper Corp. Add +0.6% 0.10% −0.02
USMV iShares MSCI USA Min Vol Fac Add +0.1% 6.20% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 14$1.5BIVV, QQQ, IAUM, ONEV, ONEY
Q1 2026 7$1.6BIVV, ONEV, ONEY, IAUM, USHY
Q4 2025 6$1.6BIVV, ONEV, ONEY, IAUM, ONEO
Q3 2025 7$1.7BIVV, ONEV, ONEY, IAUM, ONEO
Q2 2025 10$1.7BIVV, ONEV, ONEY, IAUM, USHY
Q1 2025 474$7.1BVOO, IEFA, IVV, QQQ, IWN
Q4 2024 470$6.7BIVV, IWD, USMV, SPLV, VOO
Q3 2024 475$6.8BIVV, IWD, USMV, ONEV, ONEY
Q2 2024 475$6.8BIVV, IWD, USMV, ONEV, ONEY
Q1 2024 486$6.8BIVV, ONEV, ONEY, IWD, USMV