Louisiana State Employees Retirement System
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Louisiana State Employees Retirement System reported 1,517 stock positions worth $5.0 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Nvidia (NVDA, 4.4%). Compared with Q4 2024, it opened 25 new positions, sold out of 22, added to 414 and reduced 748. The biggest buy was a new position in Lam Research (LRCX) and the biggest sale Nvidia (NVDA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BATON ROUGE, LA
- CIK
- 0001537191
- Portfolio Value
- $5.0B (Q1 2025)
- SEC Filing
- 0001537191-25-000003 ↗ filed May 1, 2025
Holdings Value
Holdings 1,517 stocks · $5.0B
| AAPL Apple Inc. | 5.54% | 1,254,000 | $278.6M | Reduce -0.6% |
| MSFT Microsoft Corp. | 4.63% | 620,500 | $232.9M | Reduce -0.0% |
| NVDA Nvidia Corp. | 4.40% | 2,041,600 | $221.3M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 3.11% | 822,000 | $156.4M | Add +0.8% |
| META Meta Platforms Inc. Class A | 2.10% | 182,800 | $105.4M | Add +0.4% |
| AVGO Broadcom Inc. | 1.61% | 482,300 | $80.8M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 1.50% | 486,900 | $75.3M | Reduce -0.2% |
| TSLA Tesla Inc. | 1.33% | 258,400 | $67.0M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 1.30% | 417,400 | $65.2M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 1.06% | 56,300 | $53.2M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 98,600 | $52.5M | No change |
| NFLX Netflix Inc. | 1.01% | 54,300 | $50.6M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.73% | 150,400 | $36.9M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.70% | 42,400 | $35.0M | No change |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.65% | 497,800 | $32.7M | Add +31.1% |
| V Visa Inc. Class A | 0.65% | 92,700 | $32.5M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.62% | 504,800 | $31.2M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.58% | 109,200 | $29.1M | Reduce -1.5% |
| LIN Linde PLC | 0.56% | 60,100 | $28.0M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 0.55% | 234,100 | $27.8M | Reduce -1.0% |
| PEP Pepsico Inc. | 0.52% | 174,000 | $26.1M | No change |
| UNH Unitedhealth Group Inc. | 0.52% | 49,500 | $25.9M | No change |
| MA Mastercard Inc. Class A | 0.48% | 43,800 | $24.0M | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.46% | 274,500 | $23.2M | Add +1.9% |
| ISRG Intuitive Surgical Inc. | 0.45% | 45,300 | $22.4M | Add +0.2% |
| INTU Intuit Inc. | 0.43% | 35,500 | $21.8M | No change |
| QCOM Qualcomm Inc. | 0.43% | 140,300 | $21.6M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.43% | 126,100 | $21.5M | Reduce -0.5% |
| JNJ Johnson & Johnson | 0.43% | 129,500 | $21.5M | No change |
| AMGN Amgen Inc. | 0.42% | 68,100 | $21.2M | No change |
| ADBE Adobe Inc. | 0.42% | 55,200 | $21.2M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.42% | 205,600 | $21.1M | Reduce -0.1% |
| TXN Texas Instruments Inc. | 0.41% | 115,500 | $20.8M | Reduce -0.2% |
| WMT Walmart Inc. | 0.41% | 233,300 | $20.5M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.40% | 94,900 | $19.9M | Reduce -0.2% |
| HD Home Depot Inc. | 0.39% | 53,400 | $19.6M | No change |
| BKNG Booking Holdings Inc. | 0.38% | 4,200 | $19.3M | No change |
| GILD Gilead Sciences Inc. | 0.35% | 158,000 | $17.7M | No change |
| CMCSA Comcast Corp. Class A | 0.35% | 478,300 | $17.6M | Reduce -1.2% |
| HON Honeywell International Inc. | 0.35% | 82,500 | $17.5M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.31% | 32,600 | $15.8M | Reduce -0.3% |
| ADP Automatic Data Processing | 0.31% | 51,600 | $15.8M | Reduce -0.2% |
| CVX Chevron Corp. | 0.30% | 89,900 | $15.0M | No change |
| AMAT Applied Materials Inc. | 0.30% | 103,100 | $15.0M | Reduce -1.3% |
| KO The Coca-Cola Co. | 0.30% | 208,200 | $14.9M | Reduce -0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 356,100 | $14.9M | Reduce -0.8% |
| PANW Palo Alto Networks Inc. | 0.29% | 84,000 | $14.3M | Add +1.1% |
| SBUX Starbucks Corp. | 0.28% | 144,100 | $14.1M | Add +0.2% |
| CRM Salesforce Inc. | 0.27% | 51,500 | $13.8M | Add +0.2% |
| PM Philip Morris International | 0.26% | 83,600 | $13.3M | No change |
| WFC Wells Fargo & Co. | 0.25% | 176,900 | $12.7M | Reduce -1.2% |
| ADI Analog Devices Inc. | 0.25% | 62,900 | $12.7M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 26,600 | $12.5M | Add +6.8% |
| INTC Intel Corp. | 0.25% | 549,200 | $12.5M | Add +0.4% |
| ABT Abbott Laboratories | 0.25% | 93,300 | $12.4M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 49,700 | $12.4M | No change |
| MU Micron Technology Inc. | 0.24% | 141,300 | $12.3M | Add +0.3% |
| MRK Merck & Co. Inc. | 0.24% | 136,000 | $12.2M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.24% | 87,200 | $12.2M | Add +0.9% |
| MCD McDonald's Corp. | 0.24% | 38,500 | $12.0M | No change |
| LRCX Lam Research Corp. | 0.24% | 162,800 | $11.8M | New |
| GE General Electric filed as GE AEROSPACE | 0.23% | 57,700 | $11.5M | Reduce -0.9% |
| KLAC KLA Corp. | 0.23% | 16,800 | $11.4M | Reduce -1.2% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 164,100 | $11.1M | Reduce -3.2% |
| T AT&T Inc. | 0.22% | 386,100 | $10.9M | Add +0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 30,300 | $10.7M | Add +2.4% |
| ACN Accenture PLC Class A | 0.21% | 33,600 | $10.5M | No change |
| ORLY O'reilly Automotive Inc. | 0.21% | 7,300 | $10.5M | No change |
| VZ Verizon Communications Inc. | 0.20% | 226,400 | $10.3M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 20,600 | $10.3M | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 196,100 | $10.0M | Reduce -10.3% |
| CTAS Cintas Corp. | 0.20% | 47,900 | $9.8M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 97,200 | $9.6M | Reduce -0.2% |
| RTX RTX Corp. | 0.19% | 71,600 | $9.5M | No change |
| GS Goldman Sachs Group Inc. | 0.18% | 16,800 | $9.2M | Reduce -0.6% |
| PGR Progressive Corp. | 0.18% | 31,500 | $8.9M | No change |
| CDNS Cadence Design SYS Inc. | 0.18% | 34,800 | $8.9M | No change |
| NOW ServiceNow Inc. | 0.18% | 11,100 | $8.8M | No change |
| FTNT Fortinet Inc. | 0.17% | 90,400 | $8.7M | Add +0.2% |
| REGN Regeneron Pharmaceuticals | 0.17% | 13,600 | $8.6M | No change |
| DASH DoorDash Inc. Class A | 0.17% | 47,000 | $8.6M | Add +65.5% |
| SPGI S&P Global Inc. | 0.17% | 16,900 | $8.6M | Reduce -1.2% |
| CAT Caterpillar Inc. | 0.17% | 25,700 | $8.5M | Reduce -1.1% |
| SNPS Synopsys Inc. | 0.17% | 19,600 | $8.4M | Add +0.5% |
| UBER Uber Technologies Inc. | 0.16% | 112,400 | $8.2M | Reduce -0.8% |
| PYPL PayPal Holdings Inc. | 0.16% | 125,500 | $8.2M | Reduce -1.3% |
| ROP Roper Technologies Inc. | 0.16% | 13,600 | $8.0M | No change |
| AXP American Express Co. | 0.16% | 29,800 | $8.0M | Reduce -0.3% |
| CEG Constellation Energy | 0.16% | 39,700 | $8.0M | Add +0.3% |
| BSX Boston Scientific Corp. | 0.16% | 79,300 | $8.0M | No change |
| NEE Nextera Energy Inc. | 0.16% | 110,600 | $7.8M | No change |
| MS Morgan Stanley | 0.15% | 66,500 | $7.8M | Reduce -0.3% |
| PFE Pfizer Inc. | 0.15% | 304,800 | $7.7M | No change |
| MAR Marriott International Class A | 0.15% | 32,400 | $7.7M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.15% | 32,500 | $7.7M | Reduce -0.3% |
| AEP American Electric Power | 0.15% | 67,700 | $7.4M | Add +0.3% |
| BLK BlackRock Inc. | 0.15% | 7,800 | $7.4M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.15% | 60,500 | $7.4M | Reduce -0.3% |
| MELI MercadoLibre Inc. | 0.14% | 3,700 | $7.2M | No change |
| COP Conocophillips | 0.14% | 68,600 | $7.2M | Reduce -1.3% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -0.2% | 4.40% | −0.77 |
| AAPL Apple Inc. | Reduce -0.6% | 5.54% | −0.40 |
| MSFT Microsoft Corp. | Reduce -0.0% | 4.63% | −0.29 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 1.50% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 1.30% | −0.21 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -73.0% | 0.04% | −0.11 |
| WSM Williams-Sonoma Inc. | Reduce -81.2% | 0.02% | −0.10 |
| EXE Expand Energy Corp. | Reduce -80.7% | 0.03% | −0.08 |
| AMD Advanced Micro Devices | Reduce -0.1% | 0.42% | −0.05 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.42% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -1.3% | 0.16% | −0.04 |
| ALK Alaska Air Group Inc. | Reduce -43.8% | 0.03% | −0.04 |
| BBWI Bath & Body Works Inc. | Reduce -42.7% | 0.04% | −0.04 |
| TKO Tko Group Holdings Inc. | Reduce -80.5% | 0.01% | −0.04 |
| VFC VF Corp. | Reduce -42.0% | 0.03% | −0.04 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.03 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.03 |
| ATI Ati Inc. | Reduce -42.0% | 0.04% | −0.03 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.03 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -10.3% | 0.20% | −0.03 |
| GKOS Glaukos Corp. | Reduce -2.6% | 0.05% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -1.4% | 0.08% | −0.02 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.02 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -1.3% | 0.30% | −0.02 |
| ON On Semiconductor | Reduce -0.9% | 0.04% | −0.02 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.02 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.02 |
| SMTC Semtech Corp. | Reduce -0.7% | 0.03% | −0.02 |
| BARNES GROUP INC | Sold out | 0.00% | −0.02 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -0.7% | 0.02% | −0.02 |
| BILL Bill Holdings Inc. | Reduce -0.4% | 0.02% | −0.02 |
| MAR Marriott International Class A | Reduce -0.9% | 0.15% | −0.02 |
| CIEN Ciena Corp. | Reduce -0.8% | 0.05% | −0.02 |
| VSXY Victoria's Secret & Co. | Reduce -2.6% | 0.01% | −0.02 |
| SPSC SPS Commerce Inc. | Reduce -1.6% | 0.05% | −0.02 |
| SHAK Shake Shack Inc. Class A | Reduce -2.6% | 0.03% | −0.01 |
| RHI Robert Half Inc. | Reduce -3.7% | 0.05% | −0.01 |
| NWL Newell Brands Inc. | Reduce -2.6% | 0.02% | −0.01 |
| ROST Ross Stores Inc. | Reduce -0.5% | 0.11% | −0.01 |
| DIS The Walt Disney Co. | Reduce -0.2% | 0.19% | −0.01 |
| TGT Target Corp. | Reduce -0.8% | 0.05% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.24% | −0.01 |
| LUMN Lumen Technologies Inc. | Reduce -2.6% | 0.04% | −0.01 |
| AGYS Agilysys Inc. | Reduce -1.9% | 0.02% | −0.01 |
| BOOT Boot Barn Holdings Inc. | Reduce -2.7% | 0.03% | −0.01 |
| RDNT Radnet Inc. | Reduce -2.5% | 0.03% | −0.01 |
| NKE Nike Inc. Class B | Reduce -0.8% | 0.08% | −0.01 |
| NBIX Neurocrine Biosciences Inc. | Reduce -0.7% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| LRCX Lam Research Corp. | New | 0.24% | +0.24 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +31.1% | 0.65% | +0.16 |
| BLK BlackRock Inc. | New | 0.15% | +0.15 |
| NFLX Netflix Inc. | Add +0.2% | 1.01% | +0.10 |
| META Meta Platforms Inc. Class A | Add +0.4% | 2.10% | +0.09 |
| COST Costco Wholesale Corp. | Add +0.2% | 1.06% | +0.09 |
| GWRE Guidewire Software Inc. | New | 0.09% | +0.09 |
| ANET Arista Networks Inc. | New | 0.09% | +0.09 |
| DASH DoorDash Inc. Class A | Add +65.5% | 0.17% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +1.9% | 0.46% | +0.08 |
| ENTG Entegris Inc. | New | 0.07% | +0.07 |
| T AT&T Inc. | Add +0.1% | 0.22% | +0.05 |
| TFX Teleflex Inc. | Add +776.0% | 0.06% | +0.05 |
| BWA Borgwarner Inc. | Add +772.9% | 0.06% | +0.05 |
| RHP Ryman Hospitality Properties | New | 0.05% | +0.05 |
| CE Celanese Corp. | Add +772.9% | 0.06% | +0.05 |
| ACI Albertsons Cos Inc. Class A | New | 0.05% | +0.05 |
| WSC Willscot Holdings Corp. | New | 0.05% | +0.05 |
| ESI Element Solutions Inc. | New | 0.05% | +0.05 |
| SNDK Sandisk Corp. | Add +776.7% | 0.05% | +0.05 |
| FMC FMC Corp. | Add +777.6% | 0.05% | +0.04 |
| KTOS Kratos Defense & Security | New | 0.04% | +0.04 |
| INTC Intel Corp. | Add +0.4% | 0.25% | +0.04 |
| CAVA Cava Group Inc. | New | 0.04% | +0.04 |
| FRPT Freshpet Inc. | New | 0.04% | +0.04 |
| MWA Mueller Water Products Inc. Class A | New | 0.04% | +0.04 |
| KAI Kadant Inc. | New | 0.04% | +0.04 |
| CNR Core Natural Resources Inc. | New | 0.04% | +0.04 |
| CART Maplebear Inc. | New | 0.04% | +0.04 |
| SBUX Starbucks Corp. | Add +0.2% | 0.28% | +0.03 |
| CVS CVS Health Corp. | Add +0.1% | 0.09% | +0.03 |
| CTAS Cintas Corp. | Add +0.2% | 0.20% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +13.9% | 0.14% | +0.03 |
| AEP American Electric Power | Add +0.3% | 0.15% | +0.03 |
| MSTR Strategy Inc. | Add +29.9% | 0.10% | +0.03 |
| MRP Millrose Properties | Add +784.4% | 0.03% | +0.03 |
| EXC Exelon Corp. | Add +0.1% | 0.12% | +0.03 |
| WELL Welltower Inc. | Add +3.1% | 0.10% | +0.02 |
| AJG Arthur J Gallagher & Co. | Add +2.2% | 0.09% | +0.02 |
| BJ Bj's Wholesale Club Holdings | Add +0.5% | 0.08% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.4% | 0.21% | +0.02 |
| MU Micron Technology Inc. | Add +0.3% | 0.24% | +0.02 |
| ACAD Acadia Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| MNST Monster Beverage Corp. | Add +0.1% | 0.13% | +0.02 |
| SFM Sprouts Farmers Market Inc. | Add +0.7% | 0.09% | +0.02 |
| SMCI Super Micro Computer Inc. | New | 0.02% | +0.02 |
| FNF Fidelity National Financial | Add +0.8% | 0.09% | +0.02 |
| ECG Everus Construction Group | New | 0.02% | +0.02 |
| GOLF Acushnet Holdings Corp. | New | 0.02% | +0.02 |
| CLSK Cleanspark Inc. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 1,523 | $6.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 1,517 | $5.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,522 | $5.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,516 | $6.0B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 1,518 | $5.5B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,517 | $5.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,512 | $5.3B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 1,521 | $5.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,518 | $5.2B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 1,522 | $5.1B | MSFT, AAPL, NVDA, AMZN, META |