New Mexico Educational Retirement Board
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), New Mexico Educational Retirement Board reported 905 stock positions worth $3.0 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Microsoft (MSFT, 5.0%). Compared with Q3 2024, it opened 12 new positions, sold out of 13, added to 39 and reduced 464. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0000862469
- Portfolio Value
- $3.0B (Q4 2024)
- SEC Filing
- 0000862469-25-000001 ↗ filed Jan 30, 2025
Holdings Value
Holdings 905 stocks · $3.0B
| AAPL Apple Inc. | 6.05% | 719,664 | $180.2M | Add +2.1% |
| NVDA Nvidia Corp. | 5.29% | 1,172,880 | $157.5M | Reduce -2.5% |
| MSFT Microsoft Corp. | 5.02% | 354,347 | $149.4M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 3.30% | 447,800 | $98.2M | No change |
| META Meta Platforms Inc. Class A | 2.05% | 104,150 | $61.0M | Reduce -2.8% |
| TSLA Tesla Inc. | 1.79% | 132,300 | $53.4M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 1.78% | 279,320 | $52.9M | Reduce -2.8% |
| AVGO Broadcom Inc. | 1.72% | 221,160 | $51.3M | Add +3.9% |
| GOOG Alphabet Inc. Class C | 1.46% | 228,980 | $43.6M | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.33% | 87,357 | $39.6M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.09% | 135,650 | $32.5M | Reduce -3.4% |
| LLY Eli Lilly & Co. | 0.98% | 37,608 | $29.0M | Reduce -3.6% |
| V Visa Inc. Class A | 0.87% | 82,234 | $26.0M | Add +6.9% |
| XOM Exxon Mobil Corp. | 0.77% | 211,853 | $22.8M | Reduce -3.4% |
| UNH Unitedhealth Group Inc. | 0.75% | 44,020 | $22.3M | Reduce -2.2% |
| MA Mastercard Inc. Class A | 0.70% | 39,310 | $20.7M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 0.65% | 21,165 | $19.4M | Reduce -2.3% |
| PG The Procter & Gamble Co. | 0.63% | 112,268 | $18.8M | Reduce -2.7% |
| WMT Walmart Inc. | 0.63% | 207,079 | $18.7M | Reduce -0.9% |
| HD Home Depot Inc. | 0.62% | 47,292 | $18.4M | Reduce -2.5% |
| NFLX Netflix Inc. | 0.61% | 20,421 | $18.2M | Reduce -2.9% |
| JNJ Johnson & Johnson | 0.56% | 114,785 | $16.6M | Reduce -2.5% |
| CRM Salesforce Inc. | 0.52% | 46,186 | $15.4M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.50% | 84,255 | $15.0M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 321,854 | $14.1M | Reduce -3.3% |
| ORCL Oracle Corp. | 0.43% | 76,190 | $12.7M | Reduce -2.3% |
| MRK Merck & Co. Inc. | 0.40% | 120,886 | $12.0M | Reduce -2.4% |
| CVX Chevron Corp. | 0.39% | 81,116 | $11.7M | Reduce -3.2% |
| KO The Coca-Cola Co. | 0.39% | 184,920 | $11.5M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 0.38% | 162,316 | $11.4M | Reduce -4.8% |
| CSCO Cisco Systems Inc. | 0.38% | 192,074 | $11.4M | Reduce -3.0% |
| ACN Accenture PLC Class A | 0.35% | 29,850 | $10.5M | Reduce -2.9% |
| NOW ServiceNow Inc. | 0.35% | 9,850 | $10.4M | Reduce -2.0% |
| PEP Pepsico Inc. | 0.33% | 65,485 | $10.0M | Reduce -2.5% |
| MCD McDonald's Corp. | 0.33% | 34,219 | $9.9M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 43,947 | $9.7M | Reduce -2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 86,455 | $9.6M | Reduce -3.0% |
| LIN Linde PLC | 0.32% | 22,936 | $9.6M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 18,262 | $9.5M | Reduce -2.1% |
| ADBE Adobe Inc. | 0.32% | 21,118 | $9.4M | Reduce -3.6% |
| ABT Abbott Laboratories | 0.32% | 83,002 | $9.4M | Reduce -2.5% |
| AMD Advanced Micro Devices | 0.31% | 77,150 | $9.3M | Reduce -2.4% |
| PM Philip Morris International | 0.30% | 74,111 | $8.9M | Reduce -2.5% |
| ISRG Intuitive Surgical Inc. | 0.30% | 16,942 | $8.8M | Reduce -2.3% |
| GS Goldman Sachs Group Inc. | 0.29% | 15,089 | $8.6M | Reduce -4.4% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 51,677 | $8.6M | Reduce -3.4% |
| CAT Caterpillar Inc. | 0.28% | 23,102 | $8.4M | Reduce -3.4% |
| INTU Intuit Inc. | 0.28% | 13,278 | $8.3M | Reduce -2.9% |
| TXN Texas Instruments Inc. | 0.27% | 43,554 | $8.2M | Reduce -2.2% |
| QCOM Qualcomm Inc. | 0.27% | 53,157 | $8.2M | Reduce -2.7% |
| VZ Verizon Communications Inc. | 0.27% | 200,671 | $8.0M | Reduce -2.5% |
| AXP American Express Co. | 0.27% | 26,763 | $7.9M | Reduce -3.6% |
| T AT&T Inc. | 0.26% | 341,862 | $7.8M | Reduce -2.5% |
| BKNG Booking Holdings Inc. | 0.26% | 1,548 | $7.7M | Reduce -6.1% |
| SPGI S&P Global Inc. | 0.26% | 15,286 | $7.6M | Reduce -2.5% |
| MS Morgan Stanley | 0.25% | 59,410 | $7.5M | Reduce -2.9% |
| RTX RTX Corp. | 0.25% | 63,376 | $7.3M | Reduce -2.5% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 96,000 | $7.3M | Reduce -1.9% |
| PFE Pfizer Inc. | 0.24% | 270,200 | $7.2M | Reduce -2.5% |
| DHR Danaher Corp. | 0.24% | 30,635 | $7.0M | Reduce -5.0% |
| HON Honeywell International Inc. | 0.24% | 31,086 | $7.0M | Reduce -2.5% |
| NEE Nextera Energy Inc. | 0.24% | 97,932 | $7.0M | Reduce -2.5% |
| CMCSA Comcast Corp. Class A | 0.23% | 184,216 | $6.9M | Reduce -3.8% |
| BLK BlackRock Inc. | 0.23% | 6,589 | $6.8M | Reduce -3.0% |
| LOW Lowe's Cos Inc. | 0.23% | 27,177 | $6.7M | Reduce -2.9% |
| PGR Progressive Corp. | 0.22% | 27,875 | $6.7M | Reduce -2.8% |
| AMGN Amgen Inc. | 0.22% | 25,595 | $6.7M | Reduce -2.3% |
| UNP Union Pacific Corp. | 0.22% | 29,088 | $6.6M | Reduce -2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 53,880 | $6.5M | Reduce -2.7% |
| AMAT Applied Materials Inc. | 0.22% | 39,486 | $6.4M | Reduce -2.7% |
| C Citigroup Inc. | 0.21% | 90,926 | $6.4M | Reduce -2.5% |
| ETN Eaton Corp. PLC | 0.21% | 18,960 | $6.3M | Reduce -3.1% |
| BSX Boston Scientific Corp. | 0.21% | 70,162 | $6.3M | Reduce -2.4% |
| COP Conocophillips | 0.21% | 62,198 | $6.2M | Add +8.7% |
| BA The Boeing Co. | 0.21% | 34,695 | $6.1M | Add +23.1% |
| UBER Uber Technologies Inc. | 0.20% | 100,200 | $6.0M | Reduce -2.0% |
| BX Blackstone Inc. | 0.20% | 34,300 | $5.9M | Reduce -1.7% |
| SYK Stryker Corp. | 0.20% | 16,309 | $5.9M | Reduce -1.8% |
| ADP Automatic Data Processing | 0.19% | 19,443 | $5.7M | Reduce -3.0% |
| FISV Fiserv Inc. | 0.19% | 27,416 | $5.6M | Reduce -4.2% |
| PANW Palo Alto Networks Inc. | 0.19% | 30,800 | $5.6M | Reduce -2.5% |
| GILD Gilead Sciences Inc. | 0.18% | 59,326 | $5.5M | Reduce -2.6% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 96,634 | $5.5M | Reduce -2.5% |
| ANET Arista Networks Inc. | 0.18% | 49,200 | $5.4M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.18% | 71,187 | $5.3M | Reduce -2.5% |
| DE Deere & Co. | 0.17% | 12,202 | $5.2M | Reduce -3.9% |
| TMUS T-Mobile US Inc. | 0.17% | 23,350 | $5.2M | Reduce -7.5% |
| ADI Analog Devices Inc. | 0.17% | 23,686 | $5.0M | Reduce -2.5% |
| MRSH Marsh & McLennan Cos | 0.17% | 23,441 | $5.0M | Reduce -2.9% |
| CB Chubb Ltd. | 0.17% | 17,937 | $5.0M | Reduce -9.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 12,300 | $5.0M | Reduce -2.4% |
| SBUX Starbucks Corp. | 0.17% | 53,998 | $4.9M | Reduce -2.5% |
| LMT Lockheed Martin Corp. | 0.16% | 10,097 | $4.9M | Reduce -2.9% |
| MDT Medtronic PLC | 0.16% | 61,187 | $4.9M | Reduce -5.7% |
| WSM Williams-Sonoma Inc. | 0.16% | 26,000 | $4.8M | No change |
| KKR KKR & Co. Inc. | 0.16% | 32,200 | $4.8M | Reduce -0.9% |
| PLD Prologis Inc. | 0.16% | 44,127 | $4.7M | Reduce -2.4% |
| LRCX Lam Research Corp. | 0.15% | 62,130 | $4.5M | Reduce -2.8% |
| MU Micron Technology Inc. | 0.15% | 52,875 | $4.5M | Reduce -2.4% |
| UPS United Parcel Service Class B | 0.15% | 34,962 | $4.4M | Reduce -2.0% |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -2.5% | 5.02% | −0.26 |
| LLY Eli Lilly & Co. | Reduce -3.6% | 0.98% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -2.2% | 0.75% | −0.14 |
| AMD Advanced Micro Devices | Reduce -2.4% | 0.31% | −0.12 |
| LII Lennox International Inc. | Reduce -77.3% | 0.03% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -3.4% | 0.77% | −0.10 |
| JNJ Johnson & Johnson | Reduce -2.5% | 0.56% | −0.09 |
| TPL Texas Pacific Land Corp. | Reduce -76.3% | 0.03% | −0.08 |
| KO The Coca-Cola Co. | Reduce -2.5% | 0.39% | −0.07 |
| ABBV Abbvie Inc. | Reduce -2.4% | 0.50% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 0.40% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.1% | 0.32% | −0.07 |
| ADBE Adobe Inc. | Reduce -3.6% | 0.32% | −0.07 |
| DHR Danaher Corp. | Reduce -5.0% | 0.24% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -1.9% | 0.12% | −0.06 |
| ELV Elevance Health Inc. | Reduce -2.6% | 0.14% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -2.7% | 0.22% | −0.06 |
| AMGN Amgen Inc. | Reduce -2.3% | 0.22% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -2.0% | 0.20% | −0.06 |
| LIN Linde PLC | Reduce -2.5% | 0.32% | −0.06 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.05 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.33% | −0.05 |
| GE General Electric | Reduce -3.4% | 0.29% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -2.5% | 0.24% | −0.05 |
| HD Home Depot Inc. | Reduce -2.5% | 0.62% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 1.33% | −0.04 |
| AMT American Tower Corp. | Reduce -2.6% | 0.14% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -2.5% | 0.27% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.63% | −0.04 |
| HCA HCA Healthcare Inc. | Reduce -6.3% | 0.09% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -2.9% | 0.16% | −0.04 |
| MU Micron Technology Inc. | Reduce -2.4% | 0.15% | −0.04 |
| CVS CVS Health Corp. | Reduce -2.3% | 0.09% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -2.7% | 0.27% | −0.04 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.04 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −0.04 |
| CI The Cigna Group | Reduce -3.6% | 0.12% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -3.8% | 0.23% | −0.04 |
| KLAC KLA Corp. | Reduce -3.0% | 0.14% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -2.2% | 0.27% | −0.04 |
| PLD Prologis Inc. | Reduce -2.4% | 0.16% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.9% | 0.13% | −0.04 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.04 |
| CSL Carlisle Cos Inc. | Reduce -5.6% | 0.12% | −0.03 |
| CAT Caterpillar Inc. | Reduce -3.4% | 0.28% | −0.03 |
| NEM Newmont Corp. | Reduce -3.0% | 0.07% | −0.03 |
| MDT Medtronic PLC | Reduce -5.7% | 0.16% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -2.4% | 0.17% | −0.03 |
| NKE Nike Inc. Class B | Reduce -3.4% | 0.15% | −0.03 |
| FCX Freeport-McMoran Inc. | Reduce -2.6% | 0.09% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +2.1% | 6.05% | +0.52 |
| AVGO Broadcom Inc. | Add +3.9% | 1.72% | +0.48 |
| V Visa Inc. Class A | Add +6.9% | 0.87% | +0.16 |
| DOCU Docusign Inc. | New | 0.13% | +0.13 |
| APO Apollo Global Management Inc. | New | 0.12% | +0.12 |
| FLEX Flex Ltd. | New | 0.11% | +0.11 |
| WDAY Workday Inc. Class A | New | 0.09% | +0.09 |
| EXE Expand Energy Corp. | Add +98.4% | 0.14% | +0.08 |
| MLI Mueller Industries Inc. | New | 0.06% | +0.06 |
| BA The Boeing Co. | Add +23.1% | 0.21% | +0.06 |
| CRS Carpenter Technology | New | 0.06% | +0.06 |
| BILL Bill Holdings Inc. | New | 0.06% | +0.06 |
| CMA Comerica Inc. | New | 0.06% | +0.06 |
| ENSG The Ensign Group Inc. | New | 0.05% | +0.05 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.05% | +0.05 |
| GME Gamestop Corp. Class A | Add +51.3% | 0.08% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +5.5% | 0.13% | +0.03 |
| CHWY Chewy Inc. Class A | New | 0.03% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.02% | +0.02 |
| DT Dynatrace Inc. | Add +25.5% | 0.11% | +0.02 |
| KD Kyndryl Holdings Inc. | Add +13.9% | 0.06% | +0.02 |
| USFD US Foods Holding Corp. | Add +11.0% | 0.11% | +0.02 |
| PR Permian Resources Corp. Class A | Add +33.2% | 0.06% | +0.02 |
| CNM Core & Main Inc. Class A | Add +10.9% | 0.07% | +0.01 |
| TKO Tko Group Holdings Inc. | Add +11.5% | 0.06% | +0.01 |
| COHR Coherent Corp. | Add +9.6% | 0.10% | +0.01 |
| ALGM Allegro Microsystems Inc. | Add +139.7% | 0.02% | +0.01 |
| VST Vistra Corp. | Add +2.5% | 0.08% | +0.01 |
| COKE Coca-Cola Consolidated Inc. | Add +33.2% | 0.05% | +0.01 |
| ROIV Roivant Sciences Ltd. | Add +28.4% | 0.04% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +2.6% | 0.07% | +0.01 |
| WSO Watsco Inc. | Add +11.2% | 0.11% | +0.01 |
| LYV Live Nation Entertainment Inc. | Add +7.1% | 0.03% | +0.01 |
| RBC RBC Bearings Inc. | Add +10.3% | 0.06% | +0.01 |
| CHDN Churchill Downs Inc. | Add +10.9% | 0.07% | +0.01 |
| CBSH Commerce Bancshares Inc. | Add +5.0% | 0.05% | +0.00 |
| COP Conocophillips | Add +8.7% | 0.21% | +0.00 |
| PARAA Paramount Global Class B | Add +17.4% | 0.01% | +0.00 |
| COR Cencora Inc. | Add +2.5% | 0.06% | +0.00 |
| GL Globe Life Inc. | Add +2.4% | 0.02% | +0.00 |
| OHI Omega Healthcare Investors | Add +9.6% | 0.07% | +0.00 |
| NLY Annaly Capital Management Inc. | Add +10.1% | 0.07% | 0.00 |
| HPQ HP Inc. | Add +10.4% | 0.05% | 0.00 |
| VLTO Veralto Corp. | Add +10.3% | 0.04% | 0.00 |
| TER Teradyne Inc. | Add +2.6% | 0.03% | −0.00 |
| FANG Diamondback Energy Inc. | Add +2.3% | 0.05% | −0.00 |
| KHC The Kraft Heinz Co. | Add +9.1% | 0.04% | −0.00 |
| ODFL Old Dominion Freight Line | Add +2.3% | 0.05% | −0.01 |
| STX Seagate Technology Holdings | Add +5.2% | 0.03% | −0.01 |
| GEHC GE Healthcare Technology | Add +4.8% | 0.06% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 907 | $4.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 906 | $3.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 906 | $3.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 906 | $3.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 906 | $3.1B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 905 | $2.8B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 905 | $3.0B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 906 | $3.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 906 | $2.9B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024Amended | 905 | $2.8B | MSFT, AAPL, NVDA, AMZN, META |