New Mexico Educational Retirement Board

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), New Mexico Educational Retirement Board reported 906 stock positions worth $3.0 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Nvidia (NVDA, 4.9%). Compared with Q2 2024, it opened 12 new positions, sold out of 13, added to 21 and reduced 471. The biggest buy was a new position in Avantor (AVTR) and the biggest sale Microsoft (MSFT, shares −3%).

Most Recent 13F
Q2 2026
Location
SANTA FE, NM
CIK
0000862469
Portfolio Value
$3.0B (Q3 2024)
SEC Filing
0000862469-24-000005 ↗ filed Nov 13, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.8B Q1 2024 Q2 2024: $2.9B Q2 2024 Q3 2024: $3.0B $3.0B Q3 2024 Q4 2024: $3.0B Q4 2024 Q1 2025: $2.8B Q1 2025 Q2 2025: $3.1B Q2 2025 Q3 2025: $3.2B Q3 2025 Q4 2025: $3.4B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 906 stocks · $3.0B
AAPL Apple Inc. 5.54% 704,864 $164.2M Reduce -3.0%
MSFT Microsoft Corp. 5.27% 363,447 $156.4M Reduce -2.9%
NVDA Nvidia Corp. 4.93% 1,202,780 $146.1M Reduce -3.3%
AMZN Amazon.com Inc. 2.81% 447,800 $83.4M Reduce -3.0%
META Meta Platforms Inc. Class A 2.07% 107,150 $61.3M Reduce -3.0%
GOOGL Alphabet Inc. Class A 1.61% 287,220 $47.6M Reduce -3.7%
BRK.B Berkshire Hathaway Inc. Class B 1.37% 88,557 $40.8M Reduce -3.4%
GOOG Alphabet Inc. Class C 1.35% 238,980 $40.0M Reduce -3.0%
AVGO Broadcom Inc. 1.24% 212,960 $36.7M Reduce -3.8%
TSLA Tesla Inc. 1.20% 135,700 $35.5M Reduce -2.6%
LLY Eli Lilly & Co. 1.17% 39,008 $34.6M Reduce -3.0%
JPM JPMorgan Chase & Co. 1.00% 140,450 $29.6M Reduce -3.6%
UNH Unitedhealth Group Inc. 0.89% 45,020 $26.3M Reduce -3.4%
XOM Exxon Mobil Corp. 0.87% 219,353 $25.7M Reduce -4.2%
V Visa Inc. Class A 0.71% 76,934 $21.2M Reduce -4.2%
PG The Procter & Gamble Co. 0.67% 115,368 $20.0M Reduce -2.9%
MA Mastercard Inc. Class A 0.67% 40,110 $19.8M Reduce -3.8%
HD Home Depot Inc. 0.66% 48,492 $19.6M Reduce -3.8%
COST Costco Wholesale Corp. 0.65% 21,665 $19.2M Reduce -2.7%
JNJ Johnson & Johnson 0.64% 117,685 $19.1M Reduce -3.0%
ABBV Abbvie Inc. 0.57% 86,355 $17.1M Reduce -2.9%
WMT Walmart Inc. 0.57% 208,879 $16.9M Reduce -3.1%
NFLX Netflix Inc. 0.50% 21,021 $14.9M Reduce -4.5%
MRK Merck & Co. Inc. 0.47% 123,886 $14.1M Reduce -3.0%
KO The Coca-Cola Co. 0.46% 189,620 $13.6M Reduce -3.3%
ORCL Oracle Corp. 0.45% 77,990 $13.3M Reduce -2.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 332,654 $13.2M Reduce -4.1%
CRM Salesforce Inc. 0.44% 47,486 $13.0M Reduce -3.1%
AMD Advanced Micro Devices 0.44% 79,050 $13.0M Reduce -2.8%
CVX Chevron Corp. 0.42% 83,816 $12.3M Reduce -5.2%
TMO Thermo Fisher Scientific Inc. 0.39% 18,662 $11.5M Reduce -4.1%
PEP Pepsico Inc. 0.39% 67,185 $11.4M Reduce -3.0%
ADBE Adobe Inc. 0.38% 21,918 $11.3M Reduce -4.4%
LIN Linde PLC 0.38% 23,536 $11.2M Reduce -3.7%
ACN Accenture PLC Class A 0.37% 30,750 $10.9M Reduce -2.8%
MCD McDonald's Corp. 0.36% 35,219 $10.7M Reduce -3.6%
CSCO Cisco Systems Inc. 0.36% 197,974 $10.5M Reduce -3.0%
GE General Electric filed as GE AEROSPACE 0.34% 53,477 $10.1M Reduce -2.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.34% 44,947 $9.9M Reduce -2.4%
ABT Abbott Laboratories 0.33% 85,102 $9.7M Reduce -2.6%
WFC Wells Fargo & Co. 0.32% 170,516 $9.6M Reduce -6.8%
CAT Caterpillar Inc. 0.32% 23,902 $9.3M Reduce -7.0%
QCOM Qualcomm Inc. 0.31% 54,657 $9.3M Reduce -2.5%
VZ Verizon Communications Inc. 0.31% 205,871 $9.2M Reduce -2.8%
PM Philip Morris International 0.31% 76,011 $9.2M Reduce -2.8%
TXN Texas Instruments Inc. 0.31% 44,554 $9.2M Reduce -2.6%
NOW ServiceNow Inc. 0.30% 10,050 $9.0M Reduce -2.9%
DHR Danaher Corp. 0.30% 32,235 $9.0M Reduce -2.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.29% 89,155 $8.6M Reduce -3.3%
ISRG Intuitive Surgical Inc. 0.29% 17,342 $8.5M Reduce -2.3%
INTU Intuit Inc. 0.29% 13,678 $8.5M Reduce -2.8%
NEE Nextera Energy Inc. 0.29% 100,432 $8.5M Reduce -2.8%
AMGN Amgen Inc. 0.28% 26,195 $8.4M Reduce -3.0%
AMAT Applied Materials Inc. 0.28% 40,586 $8.2M Reduce -3.8%
SPGI S&P Global Inc. 0.27% 15,686 $8.1M Reduce -3.7%
PFE Pfizer Inc. 0.27% 277,100 $8.0M Reduce -2.6%
CMCSA Comcast Corp. Class A 0.27% 191,416 $8.0M Reduce -5.4%
RTX RTX Corp. 0.27% 64,976 $7.9M Reduce -10.3%
GS Goldman Sachs Group Inc. 0.26% 15,789 $7.8M Reduce -3.7%
T AT&T Inc. 0.26% 350,562 $7.7M Reduce -2.7%
UBER Uber Technologies Inc. 0.26% 102,200 $7.7M Reduce -1.4%
LOW Lowe's Cos Inc. 0.26% 27,977 $7.6M Reduce -3.8%
AXP American Express Co. 0.25% 27,763 $7.5M Reduce -4.1%
UNP Union Pacific Corp. 0.25% 29,788 $7.3M Reduce -2.9%
PGR Progressive Corp. 0.25% 28,675 $7.3M Reduce -2.7%
BKNG Booking Holdings Inc. 0.23% 1,648 $6.9M Reduce -5.7%
HON Honeywell International Inc. 0.22% 31,886 $6.6M Reduce -3.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.22% 55,380 $6.5M Reduce -4.0%
ETN Eaton Corp. PLC 0.22% 19,560 $6.5M Reduce -3.0%
BLK BlackRock Finance Inc. 0.22% 6,789 $6.4M Reduce -4.2%
MS Morgan Stanley 0.22% 61,210 $6.4M Reduce -3.9%
LMT Lockheed Martin Corp. 0.20% 10,397 $6.1M Reduce -6.3%
COP Conocophillips 0.20% 57,210 $6.0M Reduce -4.3%
BSX Boston Scientific Corp. 0.20% 71,862 $6.0M Reduce -2.6%
SYK Stryker Corp. 0.20% 16,609 $6.0M Reduce -2.4%
ELV Elevance Health Inc. 0.20% 11,346 $5.9M Reduce -4.2%
VRTX Vertex Pharmaceuticals Inc. 0.20% 12,600 $5.9M Reduce -3.1%
MDT Medtronic PLC 0.20% 64,887 $5.8M Reduce -3.1%
C Citigroup Inc. 0.20% 93,226 $5.8M Reduce -3.3%
CB Chubb Ltd. 0.19% 19,837 $5.7M Reduce -3.4%
PLD Prologis Inc. 0.19% 45,227 $5.7M Reduce -2.8%
MU Micron Technology Inc. 0.19% 54,175 $5.6M Reduce -2.0%
ADI Analog Devices Inc. 0.19% 24,286 $5.6M Reduce -3.2%
ADP Automatic Data Processing 0.19% 20,043 $5.5M Reduce -3.4%
REGN Regeneron Pharmaceuticals 0.18% 5,200 $5.5M Reduce -3.7%
SBUX Starbucks Corp. 0.18% 55,398 $5.4M Reduce -3.8%
PANW Palo Alto Networks Inc. 0.18% 15,800 $5.4M Add +0.6%
MRSH Marsh & McLennan Cos 0.18% 24,141 $5.4M Reduce -2.8%
BX Blackstone Inc. 0.18% 34,900 $5.3M Reduce -2.5%
AMT American Tower Corp. 0.18% 22,868 $5.3M Reduce -2.6%
DE Deere & Co. 0.18% 12,702 $5.3M Reduce -5.9%
NKE Nike Inc. Class B 0.18% 59,248 $5.2M Reduce -3.9%
LRCX Lam Research Corp. 0.18% 6,393 $5.2M Reduce -3.0%
TMUS T-Mobile US Inc. 0.18% 25,250 $5.2M Reduce -1.6%
FISV Fiserv Inc. 0.17% 28,616 $5.1M Reduce -5.3%
BMY Bristol-Myers Squibb Co. 0.17% 99,134 $5.1M Reduce -3.3%
GILD Gilead Sciences Inc. 0.17% 60,926 $5.1M Reduce -2.9%
KLAC KLA Corp. 0.17% 6,580 $5.1M Reduce -4.4%
INTC Intel Corp. 0.16% 208,170 $4.9M Reduce -2.0%
UPS United Parcel Service Class B 0.16% 35,662 $4.9M Reduce -2.2%

Show all 906 holdings

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -2.9% 5.27% −0.57
NVDA Nvidia Corp. Reduce -3.3% 4.93% −0.44
AMZN Amazon.com Inc. Reduce -3.0% 2.81% −0.30
GOOGL Alphabet Inc. Class A Reduce -3.7% 1.61% −0.29
GOOG Alphabet Inc. Class C Reduce -3.0% 1.35% −0.23
LLY Eli Lilly & Co. Reduce -3.0% 1.17% −0.11
MRK Merck & Co. Inc. Reduce -3.0% 0.47% −0.08
QCOM Qualcomm Inc. Reduce -2.5% 0.31% −0.08
AMAT Applied Materials Inc. Reduce -3.8% 0.28% −0.07
LRCX Lam Research Corp. Reduce -3.0% 0.18% −0.07
CVX Chevron Corp. Reduce -5.2% 0.42% −0.07
INTC Intel Corp. Reduce -2.0% 0.16% −0.06
MU Micron Technology Inc. Reduce -2.0% 0.19% −0.06
ADBE Adobe Inc. Reduce -4.4% 0.38% −0.06
WFC Wells Fargo & Co. Reduce -6.8% 0.32% −0.05
XOM Exxon Mobil Corp. Reduce -4.2% 0.87% −0.05
CRWD CrowdStrike Holdings Inc. Class A Reduce -2.6% 0.11% −0.05
ERIE Erie Indemnity Company Class A Reduce -76.5% 0.02% −0.04
ETRN Equitrans Midstream Corp. Sold out 0.00% −0.04
BA The Boeing Co. Reduce -1.7% 0.14% −0.04
INTU Intuit Inc. Reduce -2.8% 0.29% −0.04
BAC Bank of America Corp. Reduce -4.1% 0.45% −0.04
COP Conocophillips Reduce -4.3% 0.20% −0.04
SCHW Schwab (charles) Corp. Reduce -2.7% 0.16% −0.03
DXCM Dexcom Inc. Reduce -0.5% 0.04% −0.03
EW Edwards Lifesciences Corp. Reduce -3.6% 0.07% −0.03
MRNA Moderna Inc. Reduce -2.4% 0.04% −0.03
MCK McKesson Corp. Reduce -5.9% 0.11% −0.03
SNPS Synopsys Inc. Reduce -2.6% 0.13% −0.03
DIS The Walt Disney Co. Reduce -3.3% 0.29% −0.03
JPM JPMorgan Chase & Co. Reduce -3.6% 1.00% −0.03
GM General Motors Co. Reduce -19.1% 0.08% −0.03
KLAC KLA Corp. Reduce -4.4% 0.17% −0.03
CDNS Cadence Design SYS Inc. Reduce -2.9% 0.12% −0.03
ELV Elevance Health Inc. Reduce -4.2% 0.20% −0.03
HON Honeywell International Inc. Reduce -3.9% 0.22% −0.03
ABNB Airbnb Inc. Class A Reduce -1.4% 0.09% −0.02
AMD Advanced Micro Devices Reduce -2.8% 0.44% −0.02
V Visa Inc. Class A Reduce -4.2% 0.71% −0.02
WRK Westrock Co. Sold out 0.00% −0.02
TGNA Tegna Inc. Sold out 0.00% −0.02
MPC Marathon Petroleum Corp. Reduce -9.9% 0.09% −0.02
NXPI NXP Semiconductors NV Reduce -3.9% 0.10% −0.02
VLO Valero Energy Corp. Reduce -6.4% 0.07% −0.02
DG Dollar General Corp. Reduce -2.7% 0.03% −0.02
WOLF Wolfspeed Inc. Sold out 0.00% −0.02
FDX FedEx Corp. Reduce -5.1% 0.10% −0.02
SLB SLB Ltd. Reduce -2.9% 0.10% −0.02
F Ford Motor Co. Reduce -3.2% 0.07% −0.02
ZD Ziff Davis Inc. Sold out 0.00% −0.02

Portfolio Buys Q2 2024 → Q3 2024
AVTR Avantor Inc. New 0.12% +0.12
PLTR Palantir Technologies Inc. Class A New 0.12% +0.12
CNH CNH Industrial NV New 0.07% +0.07
WAL Western Alliance Bancorp New 0.06% +0.06
FN Fabrinet New 0.06% +0.06
DELL Dell Technologies -C New 0.06% +0.06
ANF Abercrombie & Fitch Co. Class A New 0.05% +0.05
RYAN Ryan Specialty Holdings Inc. New 0.05% +0.05
HLNE Hamilton Lane Inc. Class A New 0.05% +0.05
SW Smurfit Westrock PLC New 0.04% +0.04
AAL American Airlines Group Inc. Add +304.3% 0.05% +0.04
BIO Bio-Rad Laboratories-A Add +254.6% 0.04% +0.03
PSN Parsons Corp. New 0.03% +0.03
VNOM Viper Energy Inc. New 0.03% +0.03
WELL Welltower Inc. Add +5.0% 0.13% +0.02
AON Aon PLC Class A Add +6.0% 0.12% +0.02
KVUE Kenvue Inc. Add +8.0% 0.07% +0.02
AA Alcoa Corp. Add +41.4% 0.07% +0.02
O Realty Income Corp. Add +1.7% 0.09% +0.01
NDAQ Nasdaq Inc. Add +18.0% 0.05% +0.01
GEHC GE Healthcare Technology Add +5.6% 0.07% +0.01
REXR Rexford Industrial Realty Inc. Add +9.3% 0.08% +0.01
EQT Eqt Corp. Add +40.1% 0.04% +0.01
DLR Digital Realty Trust Inc. Add +3.9% 0.09% +0.01
KDP Keurig Dr Pepper Inc. Add +0.6% 0.06% +0.01
NI Nisource Inc. Add +5.3% 0.03% +0.00
CYTK Cytokinetics Inc. Add +14.6% 0.04% +0.00
AES AES Corp. Add +3.0% 0.02% +0.00
BEN Franklin Templeton Inc. Add +3.5% 0.01% −0.00
APA Apa Corp. Add +14.2% 0.01% −0.00
PANW Palo Alto Networks Inc. Add +0.6% 0.18% −0.00
CMG Chipotle Mexican Grill Inc. Add +0.5% 0.13% −0.02
P Everpure Inc. Class A Add +5.7% 0.11% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 907$4.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 906$3.3BNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025 906$3.4BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 906$3.2BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 906$3.1BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 905$2.8BAAPL, MSFT, NVDA, AMZN, META
Q4 2024 905$3.0BAAPL, NVDA, MSFT, AMZN, META
Q3 2024 906$3.0BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 906$2.9BMSFT, NVDA, AAPL, AMZN, META
Q1 2024Amended 905$2.8BMSFT, AAPL, NVDA, AMZN, META