Louisiana State Employees Retirement System
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Louisiana State Employees Retirement System reported 1,518 stock positions worth $5.5 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Apple (AAPL, 4.6%). Compared with Q1 2025, it opened 11 new positions, sold out of 11, added to 335 and reduced 996. The biggest buy was Palantir Technologies Class A (PLTR, shares +1%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- BATON ROUGE, LA
- CIK
- 0001537191
- Portfolio Value
- $5.5B (Q2 2025)
- SEC Filing
- 0001537191-25-000004 ↗ filed Jul 23, 2025
Holdings Value
Holdings 1,518 stocks · $5.5B
| NVDA Nvidia Corp. | 5.76% | 2,012,000 | $317.9M | Reduce -1.4% |
| MSFT Microsoft Corp. | 5.53% | 613,100 | $305.0M | Reduce -1.2% |
| AAPL Apple Inc. | 4.58% | 1,232,000 | $252.8M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 3.24% | 814,100 | $178.6M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 2.40% | 179,100 | $132.2M | Reduce -2.0% |
| AVGO Broadcom Inc. | 2.39% | 479,300 | $132.1M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 1.53% | 480,100 | $84.6M | Reduce -1.4% |
| TSLA Tesla Inc. | 1.47% | 256,100 | $81.4M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 1.32% | 410,000 | $72.7M | Reduce -1.8% |
| NFLX Netflix Inc. | 1.30% | 53,600 | $71.8M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 1.00% | 55,800 | $55.2M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.85% | 96,800 | $47.0M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.77% | 146,600 | $42.5M | Reduce -2.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.70% | 533,400 | $38.8M | Add +7.2% |
| PLTR Palantir Technologies Inc. Class A | 0.69% | 277,700 | $37.9M | Add +1.2% |
| CSCO Cisco Systems Inc. | 0.63% | 499,500 | $34.7M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 0.59% | 41,500 | $32.4M | Reduce -2.1% |
| V Visa Inc. Class A | 0.58% | 90,300 | $32.1M | Reduce -2.6% |
| AMD Advanced Micro Devices | 0.52% | 204,100 | $29.0M | Reduce -0.7% |
| LIN Linde PLC | 0.50% | 59,200 | $27.8M | Reduce -1.5% |
| INTU Intuit Inc. | 0.50% | 35,200 | $27.7M | Reduce -0.8% |
| TMUS T-Mobile US Inc. | 0.47% | 108,200 | $25.8M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.44% | 227,400 | $24.5M | Reduce -2.9% |
| ISRG Intuitive Surgical Inc. | 0.44% | 45,100 | $24.5M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 0.44% | 42,800 | $24.1M | Reduce -2.3% |
| BKNG Booking Holdings Inc. | 0.43% | 4,100 | $23.7M | Reduce -2.4% |
| TXN Texas Instruments Inc. | 0.43% | 114,300 | $23.7M | Reduce -1.0% |
| PEP Pepsico Inc. | 0.41% | 172,600 | $22.8M | Reduce -0.8% |
| WMT Walmart Inc. | 0.40% | 228,000 | $22.3M | Reduce -2.3% |
| QCOM Qualcomm Inc. | 0.40% | 138,200 | $22.0M | Reduce -1.5% |
| ADBE Adobe Inc. | 0.38% | 53,700 | $20.8M | Reduce -2.7% |
| PG The Procter & Gamble Co. | 0.36% | 123,700 | $19.7M | Reduce -1.9% |
| JNJ Johnson & Johnson | 0.35% | 126,900 | $19.4M | Reduce -2.0% |
| HD Home Depot Inc. | 0.35% | 52,400 | $19.2M | Reduce -1.9% |
| AMGN Amgen Inc. | 0.34% | 67,700 | $18.9M | Reduce -0.6% |
| HON Honeywell International Inc. | 0.34% | 80,900 | $18.8M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.34% | 85,800 | $18.8M | Reduce -1.6% |
| AMAT Applied Materials Inc. | 0.34% | 101,600 | $18.6M | Reduce -1.4% |
| GILD Gilead Sciences Inc. | 0.31% | 156,600 | $17.4M | Reduce -0.9% |
| MU Micron Technology Inc. | 0.31% | 140,700 | $17.3M | Reduce -0.4% |
| ABBV Abbvie Inc. | 0.31% | 93,200 | $17.3M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 0.31% | 83,700 | $17.1M | Reduce -0.4% |
| CMCSA Comcast Corp. Class A | 0.30% | 468,900 | $16.7M | Reduce -2.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 345,700 | $16.4M | Reduce -2.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.29% | 31,300 | $15.9M | Add +3.3% |
| ADP Automatic Data Processing | 0.29% | 51,100 | $15.8M | Reduce -1.0% |
| LRCX Lam Research Corp. | 0.28% | 161,000 | $15.7M | Reduce -1.1% |
| KLAC KLA Corp. | 0.27% | 16,700 | $15.0M | Reduce -0.6% |
| PM Philip Morris International | 0.27% | 82,100 | $15.0M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 0.27% | 47,900 | $14.9M | Reduce -3.2% |
| ADI Analog Devices Inc. | 0.27% | 62,500 | $14.9M | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 56,300 | $14.5M | Reduce -2.4% |
| KO The Coca-Cola Co. | 0.26% | 204,400 | $14.5M | Reduce -1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 49,000 | $14.4M | Reduce -1.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 32,300 | $14.4M | Reduce -0.9% |
| CRM Salesforce Inc. | 0.25% | 50,600 | $13.8M | Reduce -1.8% |
| WFC Wells Fargo & Co. | 0.25% | 171,700 | $13.8M | Reduce -2.9% |
| SBUX Starbucks Corp. | 0.24% | 143,100 | $13.1M | Reduce -0.7% |
| CEG Constellation Energy | 0.23% | 39,400 | $12.7M | Reduce -0.8% |
| ABT Abbott Laboratories | 0.23% | 91,800 | $12.5M | Reduce -1.6% |
| INTC Intel Corp. | 0.22% | 549,100 | $12.3M | Reduce -0.0% |
| CVX Chevron Corp. | 0.22% | 85,700 | $12.3M | Reduce -4.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 94,900 | $11.8M | Reduce -2.4% |
| DASH DoorDash Inc. Class A | 0.21% | 47,300 | $11.7M | Add +0.6% |
| GS Goldman Sachs Group Inc. | 0.21% | 16,200 | $11.5M | Reduce -3.6% |
| NOW ServiceNow Inc. | 0.20% | 10,900 | $11.2M | Reduce -1.8% |
| MCD McDonald's Corp. | 0.20% | 37,700 | $11.0M | Reduce -2.1% |
| MDLZ Mondelez International Inc. Class A | 0.20% | 163,000 | $11.0M | Reduce -0.7% |
| T AT&T Inc. | 0.20% | 379,700 | $11.0M | Reduce -1.7% |
| CTAS Cintas Corp. | 0.19% | 47,600 | $10.6M | Reduce -0.6% |
| CDNS Cadence Design SYS Inc. | 0.19% | 34,400 | $10.6M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 0.19% | 132,500 | $10.5M | Reduce -2.6% |
| RTX RTX Corp. | 0.19% | 70,500 | $10.3M | Reduce -1.5% |
| UBER Uber Technologies Inc. | 0.19% | 110,300 | $10.3M | Reduce -1.9% |
| SHOP Shopify Inc. Class A | 0.19% | 89,100 | $10.3M | New |
| SNPS Synopsys Inc. | 0.18% | 19,500 | $10.0M | Reduce -0.5% |
| ACN Accenture PLC Class A | 0.18% | 33,000 | $9.9M | Reduce -1.8% |
| ORLY O'reilly Automotive Inc. | 0.18% | 107,600 | $9.7M | Reduce -1.7% |
| MELI MercadoLibre Inc. | 0.18% | 3,700 | $9.7M | No change |
| CAT Caterpillar Inc. | 0.17% | 24,800 | $9.6M | Reduce -3.5% |
| VZ Verizon Communications Inc. | 0.17% | 222,400 | $9.6M | Reduce -1.8% |
| FTNT Fortinet Inc. | 0.17% | 89,500 | $9.5M | Reduce -1.0% |
| AXP American Express Co. | 0.17% | 29,200 | $9.3M | Reduce -2.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.17% | 169,200 | $9.2M | Reduce -13.7% |
| MS Morgan Stanley | 0.17% | 65,200 | $9.2M | Reduce -1.9% |
| PYPL PayPal Holdings Inc. | 0.16% | 122,400 | $9.1M | Reduce -2.5% |
| SPGI S&P Global Inc. | 0.16% | 16,600 | $8.8M | Reduce -1.8% |
| MAR Marriott International Class A | 0.16% | 32,000 | $8.7M | Reduce -1.2% |
| BSX Boston Scientific Corp. | 0.15% | 78,100 | $8.4M | Reduce -1.5% |
| C Citigroup Inc. | 0.15% | 98,500 | $8.4M | Reduce -2.5% |
| ADSK Autodesk Inc. | 0.15% | 27,000 | $8.4M | Reduce -1.1% |
| BA The Boeing Co. | 0.15% | 39,800 | $8.3M | Reduce -1.2% |
| PGR Progressive Corp. | 0.15% | 30,900 | $8.2M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.15% | 90,100 | $8.2M | Reduce -1.6% |
| BLK BlackRock Inc. | 0.15% | 7,700 | $8.1M | Reduce -1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.15% | 19,900 | $8.1M | Reduce -3.4% |
| AXON Axon Enterprise Inc. | 0.14% | 9,600 | $7.9M | Add +1.1% |
| APP AppLovin Corp. Class A | 0.14% | 22,500 | $7.9M | Reduce -0.4% |
| CSX CSX Corp. | 0.14% | 236,500 | $7.7M | Reduce -2.3% |
| ROP Roper Technologies Inc. | 0.14% | 13,600 | $7.7M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.8% | 4.58% | −0.96 |
| UNH Unitedhealth Group Inc. | Reduce -3.2% | 0.27% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 0.85% | −0.19 |
| TMUS T-Mobile US Inc. | Reduce -0.9% | 0.47% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -48.5% | 0.14% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 0.59% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -2.9% | 0.44% | −0.11 |
| PEP Pepsico Inc. | Reduce -0.8% | 0.41% | −0.11 |
| ABBV Abbvie Inc. | Reduce -1.8% | 0.31% | −0.08 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.34% | −0.08 |
| CVX Chevron Corp. | Reduce -4.7% | 0.22% | −0.08 |
| JNJ Johnson & Johnson | Reduce -2.0% | 0.35% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -1.9% | 0.36% | −0.07 |
| V Visa Inc. Class A | Reduce -2.6% | 0.58% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 1.00% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.4% | 0.15% | −0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.9% | 0.26% | −0.05 |
| LIN Linde PLC | Reduce -1.5% | 0.50% | −0.05 |
| X United States Steel Corp. | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -2.6% | 0.19% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -2.0% | 0.30% | −0.05 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.05 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -2.2% | 0.13% | −0.04 |
| ADBE Adobe Inc. | Reduce -2.7% | 0.38% | −0.04 |
| SBUX Starbucks Corp. | Reduce -0.7% | 0.24% | −0.04 |
| FISV Fiserv Inc. | Reduce -4.3% | 0.09% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.6% | 0.09% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -2.3% | 0.44% | −0.04 |
| HD Home Depot Inc. | Reduce -1.9% | 0.35% | −0.04 |
| MCD McDonald's Corp. | Reduce -2.1% | 0.20% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -0.9% | 0.31% | −0.04 |
| COP Conocophillips | Reduce -2.9% | 0.11% | −0.04 |
| KO The Coca-Cola Co. | Reduce -1.8% | 0.26% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -13.7% | 0.17% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -1.7% | 0.18% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.8% | 0.17% | −0.03 |
| ACN Accenture PLC Class A | Reduce -1.8% | 0.18% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.5% | 0.40% | −0.03 |
| CPRT Copart Inc. | Reduce -0.6% | 0.10% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.0% | 0.29% | −0.03 |
| PGR Progressive Corp. | Reduce -1.9% | 0.15% | −0.03 |
| INTC Intel Corp. | Reduce -0.0% | 0.22% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -1.5% | 0.10% | −0.03 |
| CRM Salesforce Inc. | Reduce -1.8% | 0.25% | −0.02 |
| ELV Elevance Health Inc. | Reduce -4.8% | 0.08% | −0.02 |
| BKR Baker Hughes Co. | Reduce -0.6% | 0.09% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -1.9% | 0.05% | −0.02 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -3.0% | 0.12% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| PLTR Palantir Technologies Inc. Class A | Add +1.2% | 0.69% | +0.23 |
| SHOP Shopify Inc. Class A | New | 0.19% | +0.19 |
| OKTA Okta Inc. | New | 0.09% | +0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.3% | 0.29% | +0.08 |
| COIN Coinbase Global Inc. Class A | New | 0.07% | +0.07 |
| APG Api Group Corp. | New | 0.06% | +0.06 |
| STRL Sterling Infrastructure Inc. | New | 0.06% | +0.06 |
| COF Capital One Financial Corp. | Add +64.4% | 0.13% | +0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +7.2% | 0.70% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +138.8% | 0.08% | +0.05 |
| AXON Axon Enterprise Inc. | Add +1.1% | 0.14% | +0.04 |
| DASH DoorDash Inc. Class A | Add +0.6% | 0.21% | +0.04 |
| RAL Ralliant Corp. | Add +759.5% | 0.05% | +0.04 |
| MSTR Strategy Inc. | Add +6.9% | 0.14% | +0.04 |
| CW Curtiss-Wright Corp. | Add +0.9% | 0.09% | +0.03 |
| FLEX Flex Ltd. | Add +0.5% | 0.10% | +0.03 |
| PEGA Pegasystems Inc. | New | 0.02% | +0.02 |
| IBKR Interactive Brokers Gro Class A | Add +0.5% | 0.12% | +0.02 |
| ZS Zscaler Inc. | Add +1.8% | 0.06% | +0.02 |
| HIMS Hims & Hers Health Inc. | Add +3.0% | 0.05% | +0.02 |
| BWXT BWX Technologies Inc. | Add +0.4% | 0.07% | +0.02 |
| CHWY Chewy Inc. Class A | Add +30.4% | 0.05% | +0.02 |
| DUOL Duolingo | Add +3.8% | 0.08% | +0.02 |
| ELF Elf Beauty Inc. | Add +0.6% | 0.04% | +0.02 |
| P Everpure Inc. Class A | Add +0.7% | 0.09% | +0.01 |
| COHR Coherent Corp. | Add +0.7% | 0.07% | +0.01 |
| FIVE Five Below | Add +0.7% | 0.04% | +0.01 |
| WWD Woodward Inc. | Add +0.6% | 0.07% | +0.01 |
| GWRE Guidewire Software Inc. | Add +0.8% | 0.10% | +0.01 |
| NVT Nvent Electric PLC | Add +0.2% | 0.06% | +0.01 |
| AUB Atlantic Union Bankshares Co. | Add +57.5% | 0.04% | +0.01 |
| DDOG Datadog Inc. Class A | Add +0.9% | 0.06% | +0.01 |
| CIEN Ciena Corp. | Add +0.5% | 0.06% | +0.01 |
| MARA Mara Holdings Inc. | Add +2.9% | 0.05% | +0.01 |
| EVR Evercore Inc. Class A | Add +2.0% | 0.05% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +0.5% | 0.03% | +0.01 |
| KD Kyndryl Holdings Inc. | Add +0.5% | 0.05% | +0.01 |
| AMTM Amentum Holdings Inc. | Add +20.7% | 0.03% | +0.01 |
| ACT Enact Holdings Inc. | New | 0.01% | +0.01 |
| ARM Arm Holdings PLC-ADR | Add +2.1% | 0.03% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +2.3% | 0.10% | +0.01 |
| RNST Renasant Corp. | Add +44.1% | 0.03% | +0.01 |
| SGI Somnigroup International Inc. | Add +8.4% | 0.07% | +0.01 |
| CAR Avis Budget Group Inc. | Add +2.1% | 0.01% | +0.01 |
| RRX Regal Rexnord Corp. | Add +0.5% | 0.05% | +0.01 |
| ILMN Illumina Inc. | Add +0.2% | 0.08% | +0.01 |
| USFD US Foods Holding Corp. | Add +0.9% | 0.09% | +0.01 |
| ITRI Itron Inc. | Add +0.5% | 0.05% | +0.01 |
| EHC Encompass Health Corp. | Add +0.7% | 0.06% | +0.01 |
| NXT Nextpower Inc. | Add +0.3% | 0.04% | +0.01 |
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 |