Alaska Permanent Fund Corp

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Alaska Permanent Fund Corp reported 10 stock positions worth $1.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 49.6% of the portfolio, followed by SS SPDR R1000 Lo Vol Foc ETF (ONEV, 17.1%) and SS SPDR R1000 Yield Foc ETF (ONEY, 15.8%). Compared with Q1 2025, it sold out of 463, added to 2 and reduced 1. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +43%) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).

Most Recent 13F
Q2 2026
Location
JUNEAU, AK
CIK
0001582681
Portfolio Value
$1.7B (Q2 2025)
SEC Filing
0001582681-25-000006 ↗ filed Aug 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 Q1 2025 Q2 2025: $1.7B $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 10 stocks · $1.7B
IVV iShares Core S&P 500 ETF 49.65% 1,318,000 $836.8M Add +42.6%
ONEV SS SPDR R1000 Lo Vol Foc ETF 17.12% 2,238,048 $288.6M No change
ONEY SS SPDR R1000 Yield Foc ETF 15.79% 2,420,919 $266.2M No change
IAUM iShares Gold Trust Micro 5.67% 2,914,000 $95.6M Reduce -17.4%
USHY iShares Broad Usd High Yield 5.07% 2,286,619 $85.5M Add +74.3%
ONEO SS SPDR R1000 Mom Foc ETF 4.17% 565,285 $70.4M No change
HYBB iShares BB Rated Corp. Bond 1.53% 550,000 $25.7M No change
GLDM SPDR Gold Minishares Trust 0.66% 171,000 $11.1M No change
BKLN Invesco Senior Loan ETF 0.31% 250,000 $5.2M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.02% 4,264 $343K No change

Portfolio Sells Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Sold out 0.00% −10.37
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −8.39
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −5.34
IWN iShares Russell 2000 Value E Sold out 0.00% −4.89
IWD iShares Russell 1000 Value E Sold out 0.00% −4.80
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −3.80
IWM iShares Russell 2000 ETF Sold out 0.00% −3.28
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −3.25
DFSV Dimensional US Small Cap Val Sold out 0.00% −2.84
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −2.73
GDXJ Vaneck Junior Gold Miners Sold out 0.00% −2.37
DFAS Dimensional US Small Cap ETF Sold out 0.00% −2.05
KWEB Kranesh Csi China Internet Sold out 0.00% −1.43
ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −1.14
XLV SS Health Care Select Sector Sold out 0.00% −0.72
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.54
T AT&T Inc. Sold out 0.00% −0.43
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.41
JNJ Johnson & Johnson Sold out 0.00% −0.35
TMUS T-Mobile US Inc. Sold out 0.00% −0.35
VZ Verizon Communications Inc. Sold out 0.00% −0.34
PGR Progressive Corp. Sold out 0.00% −0.32
CSCO Cisco Systems Inc. Sold out 0.00% −0.32
MCK McKesson Corp. Sold out 0.00% −0.30
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.29
TRV The Travelers Cos Inc. Sold out 0.00% −0.29
ORI Old Republic Intl Corp. Sold out 0.00% −0.27
IWB iShares Russell 1000 ETF Sold out 0.00% −0.26
PG The Procter & Gamble Co. Sold out 0.00% −0.26
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.26
FLJP Franklin Ftse Japan ETF Sold out 0.00% −0.25
ROP Roper Technologies Inc. Sold out 0.00% −0.23
LLY Eli Lilly & Co. Sold out 0.00% −0.23
K Kellanova Sold out 0.00% −0.23
IBM Intl Business Machines Corp. Sold out 0.00% −0.22
MRSH Marsh & McLennan Cos Sold out 0.00% −0.22
AMGN Amgen Inc. Sold out 0.00% −0.22
CTAS Cintas Corp. Sold out 0.00% −0.22
CME Cme Group Inc. Sold out 0.00% −0.22
MRK Merck & Co. Inc. Sold out 0.00% −0.22
RSG Republic Services Inc. Sold out 0.00% −0.21
LOPE Grand Canyon Education Inc. Sold out 0.00% −0.21
IDA Idacorp Inc. Sold out 0.00% −0.21
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.20
CL Colgate-Palmolive Co. Sold out 0.00% −0.20
MSFT Microsoft Corp. Sold out 0.00% −0.20
WTW Willis Towers Watson PLC Sold out 0.00% −0.20
DOX Amdocs Ltd. Sold out 0.00% −0.19
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.19
RBA RB Global Inc. Sold out 0.00% −0.19

Portfolio Buys Q1 2025 → Q2 2025
IVV iShares Core S&P 500 ETF Add +42.6% 49.65% +42.40
USHY iShares Broad Usd High Yield Add +74.3% 5.07% +4.40

Notes & Other Activity Q1 2025 → Q2 2025
VOD Vodafone Group PLC-SP ADR SPONSORED ADR Reduce -100.0% 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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