Alaska Permanent Fund Corp

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Alaska Permanent Fund Corp reported 474 stock positions worth $7.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.4% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 8.4%) and iShares Core S&P 500 ETF (IVV, 7.2%). Compared with Q4 2024, it opened 5 new positions, sold out of 3, added to 11 and reduced 12. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +171%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −54%).

Most Recent 13F
Q2 2026
Location
JUNEAU, AK
CIK
0001582681
Portfolio Value
$7.1B (Q1 2025)
SEC Filing
0001582681-25-000004 ↗ filed May 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 Q4 2024 Q1 2025: $7.1B $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 474 stocks · $7.1B
VOO Vanguard S&P 500 ETF 10.37% 1,448,563 $738.4M Add +170.7%
IEFA iShares Core MSCI Eafe ETF 8.39% 7,583,471 $596.9M Add +198.2%
IVV iShares Core S&P 500 ETF 7.24% 924,000 $515.6M Reduce -53.7%
QQQ Invesco QQQ Trust Series 1 5.34% 799,266 $380.0M Add +14750.7%
IWN iShares Russell 2000 Value E 4.89% 2,402,269 $347.8M Add +94.9%
IWD iShares Russell 1000 Value E 4.80% 1,875,445 $341.8M Reduce -20.4%
ONEV SS SPDR R1000 Lo Vol Foc ETF 3.91% 2,238,048 $278.0M No change
USMV iShares MSCI USA Min Vol Fac 3.80% 2,918,749 $270.1M Reduce -37.9%
ONEY SS SPDR R1000 Yield Foc ETF 3.54% 2,420,919 $252.1M No change
IWM iShares Russell 2000 ETF 3.28% 1,197,502 $233.3M Add +286.9%
VWO Vanguard Ftse Emerging Marke 3.25% 5,118,100 $231.6M Add +62.2%
DFSV Dimensional US Small Cap Val 2.84% 7,620,911 $202.3M No change
SPLV Invesco S&P 500 Low Volatili 2.73% 2,664,644 $194.1M Reduce -41.6%
GDXJ Vaneck Junior Gold Miners 2.37% 2,742,791 $168.4M Reduce -48.1%
DFAS Dimensional US Small Cap ETF 2.05% 2,518,859 $146.0M No change
IAUM iShares Gold Trust Micro 1.63% 3,528,000 $115.9M Reduce -46.1%
KWEB Kranesh Csi China Internet 1.43% 3,181,007 $102.1M Reduce -24.0%
ASHR Xtrackers Harvest Csi 300 CH 1.14% 3,129,569 $80.8M Add +42.9%
ONEO SS SPDR R1000 Mom Foc ETF 0.90% 565,285 $64.3M No change
XLV SS Health Care Select Sector 0.72% 363,906 $51.1M Reduce -22.6%
USHY iShares Broad Usd High Yield 0.67% 1,311,619 $48.0M Reduce -18.6%
BRK.B Berkshire Hathaway Inc. Class B 0.54% 72,068 $38.4M No change
T AT&T Inc. 0.43% 1,096,437 $30.4M No change
GDX Vaneck Gold Miners ETF 0.41% 601,411 $29.5M Reduce -72.8%
HYBB iShares BB Rated Corp. Bond 0.36% 550,000 $25.3M No change
JNJ Johnson & Johnson 0.35% 160,580 $25.1M No change
TMUS T-Mobile US Inc. 0.35% 100,265 $24.8M No change
VZ Verizon Communications Inc. 0.34% 544,040 $24.0M No change
PGR Progressive Corp. 0.32% 80,872 $22.8M No change
CSCO Cisco Systems Inc. 0.32% 389,461 $22.5M No change
MCK McKesson Corp. 0.30% 29,751 $21.2M No change
IEMG iShares Core MSCI Emerging 0.29% 386,000 $20.9M Reduce -19.8%
TRV The Travelers Cos Inc. 0.29% 77,774 $20.5M No change
ORI Old Republic Intl Corp. 0.27% 509,274 $19.1M No change
IWB iShares Russell 1000 ETF 0.26% 61,848 $18.8M Add +388.0%
PG The Procter & Gamble Co. 0.26% 115,050 $18.7M No change
CBOE Cboe Global Markets Inc. 0.26% 81,861 $18.2M No change
FLJP Franklin Ftse Japan ETF 0.25% 580,000 $17.7M No change
ROP Roper Technologies Inc. 0.23% 29,496 $16.5M No change
LLY Eli Lilly & Co. 0.23% 18,232 $16.4M No change
K Kellanova 0.23% 196,508 $16.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 65,755 $15.9M No change
MRSH Marsh & McLennan Cos 0.22% 70,443 $15.9M No change
AMGN Amgen Inc. 0.22% 53,770 $15.6M No change
CTAS Cintas Corp. 0.22% 73,204 $15.5M No change
CME Cme Group Inc. 0.22% 55,755 $15.4M No change
MRK Merck & Co. Inc. 0.22% 181,071 $15.4M No change
RSG Republic Services Inc. 0.21% 60,991 $15.3M No change
LOPE Grand Canyon Education Inc. 0.21% 85,423 $15.2M No change
IDA Idacorp Inc. 0.21% 126,488 $14.9M No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.20% 45,026 $14.4M No change
CL Colgate-Palmolive Co. 0.20% 155,672 $14.4M No change
MSFT Microsoft Corp. 0.20% 35,576 $14.1M No change
WTW Willis Towers Watson PLC 0.20% 45,127 $13.9M No change
DOX Amdocs Ltd. 0.19% 153,043 $13.6M No change
VRTX Vertex Pharmaceuticals Inc. 0.19% 26,346 $13.4M No change
RBA RB Global Inc. 0.19% 132,284 $13.3M No change
ABBV Abbvie Inc. 0.18% 66,245 $12.9M No change
SSRM SSR Mining Inc. 0.17% 1,165,463 $12.4M No change
NEU Newmarket Corp. 0.17% 20,039 $12.3M No change
HIG Hartford Insurance Group Inc. 0.17% 99,747 $12.2M No change
UNH Unitedhealth Group Inc. 0.17% 29,174 $12.0M No change
KDP Keurig Dr Pepper Inc. 0.17% 344,787 $11.9M No change
MUSA Murphy USA Inc. 0.16% 23,489 $11.7M No change
MSI Motorola Solutions Inc. 0.16% 26,177 $11.5M No change
GLDM SPDR Gold Minishares Trust 0.16% 171,000 $11.2M No change
MCD McDonald's Corp. 0.16% 34,708 $11.1M No change
WM Waste Management Inc. 0.15% 46,109 $10.8M No change
FCN Fti Consulting Inc. 0.15% 63,988 $10.6M No change
VRSN Verisign Inc. 0.15% 37,484 $10.6M No change
WTM White Mountains Insurance GP 0.15% 5,902 $10.4M No change
GILD Gilead Sciences Inc. 0.14% 93,699 $10.0M No change
DLB Dolby Laboratories Inc. Class A 0.14% 128,952 $9.9M No change
ATR Aptargroup Inc. 0.14% 65,541 $9.8M No change
KRE SS SPDR S&P Regional Bank 0.13% 173,248 $9.4M No change
PKG Packaging Corp. of America 0.13% 48,285 $9.0M No change
ADP Automatic Data Processing 0.12% 28,068 $8.4M No change
PEP Pepsico Inc. 0.12% 60,938 $8.3M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.11% 111,446 $8.0M No change
CB Chubb Ltd. 0.11% 27,751 $7.9M No change
EEMV iShares MSCI Emg MKT Min Vol 0.11% 132,854 $7.9M No change
JNPR Juniper Networks Inc. 0.11% 216,199 $7.9M No change
PCAR Paccar Inc. 0.11% 86,699 $7.8M No change
DUK Duke Energy Corp. 0.11% 63,385 $7.7M No change
CCC CCC Intelligent Solutions Ho 0.11% 827,091 $7.7M No change
LSTR Landstar System Inc. 0.11% 57,011 $7.6M No change
CNA Cna Financial Corp. 0.11% 158,454 $7.6M No change
PSX Phillips 66 0.10% 65,636 $6.8M No change
CEG Constellation Energy 0.09% 29,842 $6.7M No change
APH Amphenol Corp. Class A 0.09% 85,844 $6.6M No change
KO The Coca-Cola Co. 0.09% 88,716 $6.4M No change
XEL Xcel Energy Inc. 0.09% 90,714 $6.4M No change
SCCO Southern Copper Corp. 0.09% 70,847 $6.3M Add +0.7%
XLP SS Consumer Staples Sel Sect 0.09% 75,918 $6.2M No change
ROL Rollins Inc. 0.09% 108,497 $6.2M No change
CSX CSX Corp. 0.09% 216,413 $6.1M No change
NTAP Netapp Inc. 0.08% 66,467 $6.0M No change
CVX Chevron Corp. 0.08% 41,445 $5.6M No change
ACGL Arch Capital Group Ltd. 0.08% 61,970 $5.6M No change
VST Vistra Corp. 0.08% 42,709 $5.5M No change

Show all 474 holdings

Portfolio Sells Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Reduce -53.7% 7.24% −10.19
USMV iShares MSCI USA Min Vol Fac Reduce -37.9% 3.80% −2.40
SPLV Invesco S&P 500 Low Volatili Reduce -41.6% 2.73% −2.02
IWD iShares Russell 1000 Value E Reduce -20.4% 4.80% −1.67
GDXJ Vaneck Junior Gold Miners Reduce -48.1% 2.37% −0.99
IAUM iShares Gold Trust Micro Reduce -46.1% 1.63% −0.91
GDX Vaneck Gold Miners ETF Reduce -72.8% 0.41% −0.70
KWEB Kranesh Csi China Internet Reduce -24.0% 1.43% −0.38
XLV SS Health Care Select Sector Reduce -22.6% 0.72% −0.24
USHY iShares Broad Usd High Yield Reduce -18.6% 0.67% −0.21
AZPN Aspen Technology Inc. Sold out 0.00% −0.08
IEMG iShares Core MSCI Emerging Reduce -19.8% 0.29% −0.08
BATRK Atlanta Braves Holdings in-C Sold out 0.00% −0.07
KBE SS SPDR S&P Bank ETF Reduce -33.3% 0.07% −0.05
BERY Berry Global Group Inc. Sold out 0.00% −0.04

Portfolio Buys Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Add +170.7% 10.37% +6.10
IEFA iShares Core MSCI Eafe ETF Add +198.2% 8.39% +5.73
QQQ Invesco QQQ Trust Series 1 Add +14750.7% 5.34% +5.30
IWM iShares Russell 2000 ETF Add +286.9% 3.28% +2.26
IWN iShares Russell 2000 Value E Add +94.9% 4.89% +1.88
VWO Vanguard Ftse Emerging Marke Add +62.2% 3.25% +1.19
ASHR Xtrackers Harvest Csi 300 CH Add +42.9% 1.14% +0.28
IWB iShares Russell 1000 ETF Add +388.0% 0.26% +0.20
AMCR Amcor PLC New 0.04% +0.04
APTV Aptiv PLC New 0.00% +0.00
MAGN Magnera Corp. New 0.00% +0.00
MRP Millrose Properties Add +37.5% 0.00% +0.00
ANET Arista Networks Inc. New 0.00% +0.00
HLN Haleon PLC-ADR New 0.00% +0.00
SNDK Sandisk Corp. Add +0.1% 0.00% −0.00
SCCO Southern Copper Corp. Add +0.7% 0.09% −0.01

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