New Mexico Educational Retirement Board
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), New Mexico Educational Retirement Board reported 905 stock positions worth $2.8 billion. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Nvidia (NVDA, 4.5%). Compared with Q4 2024, it opened 12 new positions, sold out of 12, added to 35 and reduced 469. The biggest buy was a new position in Guidewire Software (GWRE) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0000862469
- Portfolio Value
- $2.8B (Q1 2025)
- SEC Filing
- 0000862469-25-000002 ↗ filed Apr 30, 2025
Holdings Value
Holdings 905 stocks · $2.8B
| AAPL Apple Inc. | 5.59% | 701,864 | $155.9M | Reduce -2.5% |
| MSFT Microsoft Corp. | 4.68% | 347,447 | $130.4M | Reduce -1.9% |
| NVDA Nvidia Corp. | 4.46% | 1,146,380 | $124.2M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 3.01% | 440,700 | $83.8M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 2.11% | 101,850 | $58.7M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.64% | 85,657 | $45.6M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 1.51% | 273,020 | $42.2M | Reduce -2.3% |
| AVGO Broadcom Inc. | 1.31% | 218,260 | $36.5M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 1.25% | 222,380 | $34.7M | Reduce -2.9% |
| TSLA Tesla Inc. | 1.21% | 130,500 | $33.8M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.16% | 131,550 | $32.3M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 1.09% | 36,808 | $30.4M | Reduce -2.1% |
| V Visa Inc. Class A | 1.01% | 80,734 | $28.3M | Reduce -1.8% |
| XOM Exxon Mobil Corp. | 0.88% | 205,353 | $24.4M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 0.81% | 43,020 | $22.5M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.75% | 38,310 | $21.0M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.70% | 20,665 | $19.5M | Reduce -2.4% |
| PG The Procter & Gamble Co. | 0.67% | 110,068 | $18.8M | Reduce -2.0% |
| NFLX Netflix Inc. | 0.67% | 20,021 | $18.7M | Reduce -2.0% |
| JNJ Johnson & Johnson | 0.67% | 112,485 | $18.7M | Reduce -2.0% |
| WMT Walmart Inc. | 0.64% | 202,879 | $17.8M | Reduce -2.0% |
| ABBV Abbvie Inc. | 0.62% | 82,555 | $17.3M | Reduce -2.0% |
| HD Home Depot Inc. | 0.61% | 46,392 | $17.0M | Reduce -1.9% |
| CVX Chevron Corp. | 0.47% | 78,116 | $13.1M | Reduce -3.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 311,954 | $13.0M | Reduce -3.1% |
| KO The Coca-Cola Co. | 0.47% | 181,220 | $13.0M | Reduce -2.0% |
| CRM Salesforce Inc. | 0.43% | 44,686 | $12.0M | Reduce -3.3% |
| PM Philip Morris International | 0.41% | 72,711 | $11.5M | Reduce -1.9% |
| CSCO Cisco Systems Inc. | 0.41% | 186,274 | $11.5M | Reduce -3.0% |
| WFC Wells Fargo & Co. | 0.40% | 155,616 | $11.2M | Reduce -4.1% |
| ABT Abbott Laboratories | 0.39% | 81,102 | $10.8M | Reduce -2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 43,247 | $10.8M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 0.38% | 118,186 | $10.6M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.38% | 75,090 | $10.5M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.38% | 33,519 | $10.5M | Reduce -2.0% |
| LIN Linde PLC | 0.37% | 22,236 | $10.4M | Reduce -3.0% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 50,577 | $10.1M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.34% | 64,085 | $9.6M | Reduce -2.1% |
| T AT&T Inc. | 0.34% | 335,362 | $9.5M | Reduce -1.9% |
| ACN Accenture PLC Class A | 0.33% | 29,250 | $9.1M | Reduce -2.0% |
| VZ Verizon Communications Inc. | 0.32% | 196,771 | $8.9M | Reduce -1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 17,862 | $8.9M | Reduce -2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 84,655 | $8.4M | Reduce -2.1% |
| ISRG Intuitive Surgical Inc. | 0.30% | 16,642 | $8.2M | Reduce -1.8% |
| RTX RTX Corp. | 0.30% | 62,176 | $8.2M | Reduce -1.9% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 95,800 | $8.1M | Reduce -0.2% |
| INTU Intuit Inc. | 0.29% | 13,078 | $8.0M | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 0.29% | 14,689 | $8.0M | Reduce -2.6% |
| QCOM Qualcomm Inc. | 0.29% | 51,957 | $8.0M | Reduce -2.3% |
| ADBE Adobe Inc. | 0.28% | 20,618 | $7.9M | Reduce -2.4% |
| AMGN Amgen Inc. | 0.28% | 25,095 | $7.8M | Reduce -1.9% |
| AMD Advanced Micro Devices | 0.28% | 75,850 | $7.8M | Reduce -1.7% |
| PGR Progressive Corp. | 0.28% | 27,375 | $7.7M | Reduce -1.8% |
| NOW ServiceNow Inc. | 0.28% | 9,650 | $7.7M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.27% | 42,654 | $7.7M | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.27% | 14,886 | $7.6M | Reduce -2.6% |
| CAT Caterpillar Inc. | 0.27% | 22,602 | $7.5M | Reduce -2.2% |
| UBER Uber Technologies Inc. | 0.26% | 98,400 | $7.2M | Reduce -1.8% |
| BKNG Booking Holdings Inc. | 0.26% | 1,548 | $7.1M | No change |
| AXP American Express Co. | 0.25% | 25,963 | $7.0M | Reduce -3.0% |
| BSX Boston Scientific Corp. | 0.25% | 68,862 | $6.9M | Reduce -1.9% |
| NEE Nextera Energy Inc. | 0.24% | 96,132 | $6.8M | Reduce -1.8% |
| MS Morgan Stanley | 0.24% | 58,010 | $6.8M | Reduce -2.4% |
| PFE Pfizer Inc. | 0.24% | 264,800 | $6.7M | Reduce -2.0% |
| UNP Union Pacific Corp. | 0.24% | 28,288 | $6.7M | Reduce -2.8% |
| CMCSA Comcast Corp. Class A | 0.24% | 178,416 | $6.6M | Reduce -3.1% |
| GILD Gilead Sciences Inc. | 0.23% | 58,226 | $6.5M | Reduce -1.9% |
| HON Honeywell International Inc. | 0.23% | 30,386 | $6.4M | Reduce -2.3% |
| BLK BlackRock Inc. | 0.23% | 6,789 | $6.4M | Add +3.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 52,680 | $6.4M | Reduce -2.2% |
| COP Conocophillips | 0.23% | 60,498 | $6.4M | Reduce -2.7% |
| C Citigroup Inc. | 0.23% | 88,426 | $6.3M | Reduce -2.8% |
| SCHW Schwab (charles) Corp. | 0.22% | 79,687 | $6.2M | Add +11.9% |
| LOW Lowe's Cos Inc. | 0.22% | 26,477 | $6.2M | Reduce -2.6% |
| DHR Danaher Corp. | 0.22% | 30,035 | $6.2M | Reduce -2.0% |
| TMUS T-Mobile US Inc. | 0.22% | 22,750 | $6.1M | Reduce -2.6% |
| SYK Stryker Corp. | 0.21% | 16,009 | $6.0M | Reduce -1.8% |
| BA The Boeing Co. | 0.21% | 34,895 | $6.0M | Add +0.6% |
| FISV Fiserv Inc. | 0.21% | 26,616 | $5.9M | Reduce -2.9% |
| ADP Automatic Data Processing | 0.21% | 19,043 | $5.8M | Reduce -2.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 12,000 | $5.8M | Reduce -2.4% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 94,734 | $5.8M | Reduce -2.0% |
| MRSH Marsh & McLennan Cos | 0.20% | 22,941 | $5.6M | Reduce -2.1% |
| DE Deere & Co. | 0.20% | 11,902 | $5.6M | Reduce -2.5% |
| AMAT Applied Materials Inc. | 0.20% | 38,486 | $5.6M | Reduce -2.5% |
| MDT Medtronic PLC | 0.19% | 59,887 | $5.4M | Reduce -2.1% |
| CB Chubb Ltd. | 0.19% | 17,537 | $5.3M | Reduce -2.2% |
| PANW Palo Alto Networks Inc. | 0.19% | 30,600 | $5.2M | Reduce -0.7% |
| SBUX Starbucks Corp. | 0.19% | 52,998 | $5.2M | Reduce -1.9% |
| ETN Eaton Corp. PLC | 0.18% | 18,460 | $5.0M | Reduce -2.6% |
| PLD Prologis Inc. | 0.17% | 43,327 | $4.8M | Reduce -1.8% |
| AMT American Tower Corp. | 0.17% | 21,868 | $4.8M | Reduce -1.8% |
| MO Altria Group Inc. | 0.17% | 79,195 | $4.8M | Reduce -2.7% |
| ELV Elevance Health Inc. | 0.17% | 10,846 | $4.7M | Reduce -1.8% |
| BX Blackstone Inc. | 0.17% | 33,700 | $4.7M | Reduce -1.8% |
| SO The Southern Co. | 0.17% | 51,187 | $4.7M | Reduce -1.7% |
| ADI Analog Devices Inc. | 0.17% | 23,186 | $4.7M | Reduce -2.1% |
| ICE Intercontinental Exchange Inc. | 0.17% | 26,870 | $4.6M | Reduce -1.8% |
| INTC Intel Corp. | 0.16% | 201,570 | $4.6M | Reduce -0.9% |
| MU Micron Technology Inc. | 0.16% | 51,775 | $4.5M | Reduce -2.1% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -2.3% | 4.46% | −0.83 |
| TSLA Tesla Inc. | Reduce -1.4% | 1.21% | −0.58 |
| AAPL Apple Inc. | Reduce -2.5% | 5.59% | −0.46 |
| AVGO Broadcom Inc. | Reduce -1.3% | 1.31% | −0.41 |
| MSFT Microsoft Corp. | Reduce -1.9% | 4.68% | −0.34 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 3.01% | −0.29 |
| GOOGL Alphabet Inc. Class A | Reduce -2.3% | 1.51% | −0.26 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 1.25% | −0.22 |
| WSM Williams-Sonoma Inc. | Reduce -78.5% | 0.03% | −0.13 |
| EXE Expand Energy Corp. | Reduce -77.6% | 0.04% | −0.11 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.43% | −0.09 |
| NOW ServiceNow Inc. | Reduce -2.0% | 0.28% | −0.08 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.38% | −0.05 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.05 |
| ANET Arista Networks Inc. | Reduce -1.8% | 0.13% | −0.05 |
| TKO Tko Group Holdings Inc. | Reduce -77.2% | 0.02% | −0.05 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.04 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Reduce -1.7% | 0.28% | −0.03 |
| ADBE Adobe Inc. | Reduce -2.4% | 0.28% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -2.6% | 0.18% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -3.7% | 0.11% | −0.03 |
| BX Blackstone Inc. | Reduce -1.8% | 0.17% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -2.2% | 0.13% | −0.03 |
| ACN Accenture PLC Class A | Reduce -2.0% | 0.33% | −0.03 |
| EME Emcor Group Inc. | Reduce -4.1% | 0.12% | −0.02 |
| DIS The Walt Disney Co. | Reduce -2.1% | 0.30% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -2.2% | 0.38% | −0.02 |
| TDC Teradata Corp. | Sold out | 0.00% | −0.02 |
| DECK Deckers Outdoor Corp. | Reduce -2.7% | 0.03% | −0.02 |
| TGT Target Corp. | Reduce -2.3% | 0.08% | −0.02 |
| NKE Nike Inc. Class B | Reduce -2.8% | 0.13% | −0.02 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.02 |
| APO Apollo Global Management Inc. | Reduce -3.7% | 0.10% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -2.5% | 0.11% | −0.02 |
| CC The Chemours Co. | Sold out | 0.00% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -3.6% | 0.05% | −0.02 |
| AXP American Express Co. | Reduce -3.0% | 0.25% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -2.3% | 0.12% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -2.5% | 0.20% | −0.02 |
| DHR Danaher Corp. | Reduce -2.0% | 0.22% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -2.0% | 0.05% | −0.02 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.01 |
| CAT Caterpillar Inc. | Reduce -2.2% | 0.27% | −0.01 |
| ON On Semiconductor | Reduce -2.5% | 0.03% | −0.01 |
| ARWR Arrowhead Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| UPS United Parcel Service Class B | Reduce -2.3% | 0.13% | −0.01 |
| SRE Sempra | Reduce -2.0% | 0.08% | −0.01 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.01 |
| UAL United Airlines Holdings Inc. | Reduce -1.9% | 0.04% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| GWRE Guidewire Software Inc. | New | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | New | 0.10% | +0.10 |
| ENTG Entegris Inc. | New | 0.10% | +0.10 |
| ACI Albertsons Cos Inc. Class A | New | 0.07% | +0.07 |
| ATI Ati Inc. | New | 0.05% | +0.05 |
| CAVA Cava Group Inc. | New | 0.05% | +0.05 |
| CART Maplebear Inc. | New | 0.05% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +11.9% | 0.22% | +0.05 |
| BBWI Bath & Body Works Inc. | New | 0.05% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +11.5% | 0.14% | +0.04 |
| ALK Alaska Air Group Inc. | New | 0.04% | +0.04 |
| HIMS Hims & Hers Health Inc. | New | 0.04% | +0.04 |
| VFC VF Corp. | New | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +0.4% | 0.15% | +0.04 |
| FNF Fidelity National Financial | Add +5.5% | 0.13% | +0.03 |
| ECHO Echostar Corp. Class A | New | 0.02% | +0.02 |
| AR Antero Resources Corp. | Add +7.8% | 0.09% | +0.02 |
| GD General Dynamics Corp. | Add +8.1% | 0.12% | +0.02 |
| SGI Somnigroup International Inc. | Add +14.1% | 0.09% | +0.02 |
| IP International Paper Co. | Add +47.6% | 0.05% | +0.02 |
| UMBF Umb Financial Corp. | Add +56.2% | 0.05% | +0.02 |
| DOCS Doximity Inc. Class A | Add +16.9% | 0.06% | +0.02 |
| NXT Nextpower Inc. | Add +20.5% | 0.05% | +0.01 |
| SSB Southstate Bank Corp. | Add +29.0% | 0.07% | +0.01 |
| OHI Omega Healthcare Investors | Add +11.6% | 0.08% | +0.01 |
| VNOM Viper Energy Inc. | Add +38.4% | 0.04% | +0.01 |
| KDP Keurig Dr Pepper Inc. | Add +4.4% | 0.06% | +0.01 |
| POR Portland General Electric Co. | Add +24.7% | 0.04% | +0.01 |
| OKE Oneok Inc. | Add +4.3% | 0.10% | +0.01 |
| CHWY Chewy Inc. Class A | Add +21.7% | 0.04% | +0.01 |
| DUOL Duolingo | Add +8.1% | 0.09% | +0.01 |
| DVN Devon Energy Corp. | Add +2.7% | 0.04% | +0.01 |
| XEL Xcel Energy Inc. | Add +1.1% | 0.07% | +0.01 |
| BA The Boeing Co. | Add +0.6% | 0.21% | +0.01 |
| ES Eversource Energy | Add +0.6% | 0.04% | +0.01 |
| RYN Rayonier Inc. | Add +5.1% | 0.03% | +0.01 |
| NI Nisource Inc. | Add +1.9% | 0.03% | +0.00 |
| BLK BlackRock Inc. | Add +3.0% | 0.23% | +0.00 |
| KEY Keycorp | Add +4.8% | 0.03% | +0.00 |
| LSCC Lattice Semiconductor Corp. | Add +1.1% | 0.05% | −0.00 |
| RCL Royal Caribbean Cruises Ltd. | Add +2.7% | 0.09% | −0.00 |
| MTSI Macom Technology Solutions H | Add +15.1% | 0.04% | −0.00 |
| DELL Dell Technologies -C | Add +5.1% | 0.05% | −0.01 |
| PCG P G & E Corp. | Add +0.3% | 0.06% | −0.01 |
| CCL Carnival Corp. | Add +0.8% | 0.03% | −0.01 |
| WDC Western Digital Corp. | Add +3.2% | 0.02% | −0.01 |
| GME Gamestop Corp. Class A | Add +7.9% | 0.07% | −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 |