New Mexico Educational Retirement Board

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), New Mexico Educational Retirement Board reported 906 stock positions worth $3.3 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Apple (AAPL, 5.3%) and Microsoft (MSFT, 3.9%). Compared with Q4 2025, it opened 9 new positions, sold out of 9, added to 14 and reduced 2. The biggest buy was a new position in NT Collective Short Term Invt FD and the biggest sale Ciena (CIEN, shares −78%).

Most Recent 13F
Q2 2026
Location
SANTA FE, NM
CIK
0000862469
Portfolio Value
$3.3B (Q1 2026)
SEC Filing
0000862469-26-000002 ↗ filed May 4, 2026

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 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 $3.3B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 906 stocks · $3.3B
NVDA Nvidia Corp. 5.98% 1,116,080 $194.6M No change
AAPL Apple Inc. 5.31% 680,364 $172.7M Add +0.5%
MSFT Microsoft Corp. 3.89% 341,947 $126.6M No change
AMZN Amazon.com Inc. 2.87% 447,900 $93.3M Add +0.8%
GOOGL Alphabet Inc. Class A 2.36% 266,620 $76.7M No change
AVGO Broadcom Inc. 2.06% 216,560 $67.0M No change
GOOG Alphabet Inc. Class C 1.87% 211,680 $60.7M No change
META Meta Platforms Inc. Class A 1.76% 100,050 $57.2M No change
TSLA Tesla Inc. 1.47% 128,800 $47.9M No change
BRK.B Berkshire Hathaway Inc. Class B 1.24% 84,457 $40.5M No change
JPM JPMorgan Chase & Co. 1.15% 126,650 $37.3M No change
XOM Exxon Mobil Corp. 1.03% 197,653 $33.5M No change
LLY Eli Lilly & Co. 1.03% 36,408 $33.5M No change
JNJ Johnson & Johnson 0.84% 111,685 $27.3M No change
WMT Walmart Inc. 0.77% 201,479 $25.0M No change
V Visa Inc. Class A 0.73% 78,634 $23.8M No change
COST Costco Wholesale Corp. 0.62% 20,165 $20.1M No change
MA Mastercard Inc. Class A 0.58% 37,910 $18.9M No change
NFLX Netflix Inc. 0.57% 192,210 $18.5M No change
CVX Chevron Corp. 0.56% 87,592 $18.1M No change
MU Micron Technology Inc. 0.55% 52,875 $17.9M No change
ABBV Abbvie Inc. 0.54% 81,255 $17.7M No change
PG The Procter & Gamble Co. 0.48% 107,468 $15.5M No change
CAT Caterpillar Inc. 0.48% 21,902 $15.5M No change
PLTR Palantir Technologies Inc. Class A 0.47% 104,700 $15.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.47% 313,254 $15.3M No change
HD Home Depot Inc. 0.46% 45,492 $15.0M No change
AMD Advanced Micro Devices 0.46% 73,350 $14.9M No change
CSCO Cisco Systems Inc. 0.43% 180,974 $14.0M No change
GE General Electric filed as GE AEROSPACE 0.43% 48,877 $13.9M No change
MRK Merck & Co. Inc. 0.42% 114,586 $13.8M No change
KO The Coca-Cola Co. 0.42% 178,320 $13.6M No change
LRCX Lam Research Corp. 0.38% 57,830 $12.4M No change
AMAT Applied Materials Inc. 0.38% 35,886 $12.3M No change
GS Goldman Sachs Group Inc. 0.36% 13,989 $11.8M No change
RTX RTX Corp. 0.36% 61,276 $11.8M No change
WFC Wells Fargo & Co. 0.36% 146,916 $11.7M No change
UNH Unitedhealth Group Inc. 0.35% 42,420 $11.5M No change
PM Philip Morris International 0.35% 68,511 $11.3M No change
ORCL Oracle Corp. 0.35% 76,590 $11.3M No change
GEV GE Vernova Inc. 0.33% 12,319 $10.8M No change
LIN Linde PLC 0.32% 21,236 $10.5M No change
LITE Lumentum Holdings Inc. 0.32% 14,900 $10.5M Add +2.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.32% 43,147 $10.5M No change
MCD McDonald's Corp. 0.31% 32,619 $10.1M No change
NT COLLECTIVE SHORT TERM INVT FD 0.30% 9,826,645 $9.8M New
PEP Pepsico Inc. 0.30% 62,685 $9.7M No change
VZ Verizon Communications Inc. 0.30% 193,571 $9.7M No change
C Citigroup Inc. 0.30% 84,826 $9.6M No change
T AT&T Inc. 0.29% 327,462 $9.5M No change
MS Morgan Stanley 0.28% 56,110 $9.2M No change
NEE Nextera Energy Inc. 0.28% 97,032 $9.0M No change
INTC Intel Corp. 0.27% 200,370 $8.8M No change
TMO Thermo Fisher Scientific Inc. 0.27% 17,762 $8.7M No change
AMGN Amgen Inc. 0.27% 24,795 $8.7M No change
KLAC KLA Corp. 0.27% 5,880 $8.7M No change
ABT Abbott Laboratories 0.25% 80,202 $8.2M No change
CRM Salesforce Inc. 0.25% 44,086 $8.2M No change
TXN Texas Instruments Inc. 0.25% 41,954 $8.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 50,780 $8.1M No change
GILD Gilead Sciences Inc. 0.25% 57,526 $8.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 82,555 $8.0M No change
ISRG Intuitive Surgical Inc. 0.24% 16,842 $7.8M No change
COHR Coherent Corp. 0.24% 32,164 $7.7M No change
COP Conocophillips 0.23% 57,198 $7.5M No change
AXP American Express Co. 0.23% 24,763 $7.5M No change
SCHW Schwab (charles) Corp. 0.23% 78,687 $7.4M No change
PFE Pfizer Inc. 0.23% 262,000 $7.4M No change
ADI Analog Devices Inc. 0.22% 22,986 $7.3M No change
APH Amphenol Corp. Class A 0.22% 56,060 $7.1M No change
UBER Uber Technologies Inc. 0.21% 96,500 $6.9M No change
BA The Boeing Co. 0.21% 34,495 $6.9M No change
UNP Union Pacific Corp. 0.20% 27,288 $6.6M No change
HON Honeywell International Inc. 0.20% 28,986 $6.6M No change
DE Deere & Co. 0.20% 11,502 $6.5M No change
QCOM Qualcomm Inc. 0.20% 49,557 $6.4M No change
ETN Eaton Corp. PLC 0.20% 17,760 $6.4M No change
BLK BlackRock Inc. 0.19% 6,589 $6.3M No change
SPGI S&P Global Inc. 0.19% 14,386 $6.1M No change
BKNG Booking Holdings Inc. 0.19% 1,448 $6.1M No change
WELL Welltower Inc. 0.19% 30,748 $6.1M No change
LOW Lowe's Cos Inc. 0.19% 25,577 $6.0M No change
ANET Arista Networks Inc. 0.18% 48,300 $5.9M No change
FTI Technipfmc PLC 0.18% 83,700 $5.8M No change
LMT Lockheed Martin Corp. 0.18% 9,497 $5.7M No change
ACN Accenture PLC Class A 0.17% 28,650 $5.7M No change
DHR Danaher Corp. 0.17% 29,935 $5.7M No change
PLD Prologis Inc. 0.17% 42,927 $5.7M No change
BMY Bristol-Myers Squibb Co. 0.17% 93,034 $5.6M No change
CB Chubb Ltd. 0.17% 17,137 $5.6M No change
CASY Casey's General Stores Inc. 0.17% 7,600 $5.5M No change
INTU Intuit Inc. 0.17% 12,778 $5.5M No change
NEM Newmont Corp. 0.17% 50,180 $5.4M No change
COF Capital One Financial Corp. 0.16% 29,352 $5.4M No change
PGR Progressive Corp. 0.16% 26,975 $5.3M No change
CW Curtiss-Wright Corp. 0.16% 7,800 $5.3M No change
PH Parker Hannifin Corp. 0.16% 5,910 $5.3M No change
SYK Stryker Corp. 0.16% 15,909 $5.2M No change
VRTX Vertex Pharmaceuticals Inc. 0.16% 11,700 $5.2M No change
UTHR United Therapeutics Corp. 0.16% 8,800 $5.2M No change

Show all 906 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $33K (not counted above)
SecurityClassShares / PrincipalValueChange
GME.WS Gamestop Corp. *W EXP 10/30/202 8,428$33KNo change

Total filed on the 13F, all lines: $3.3B.

Portfolio Sells Q4 2025 → Q1 2026
CIEN Ciena Corp. Reduce -77.7% 0.08% −0.13
CMA Comerica Inc. Sold out 0.00% −0.07
FYBR Frontier Communications Pare Sold out 0.00% −0.06
CADE Cadence Bank Sold out 0.00% −0.05
PNFP Pinnacle Financial Partners Sold out 0.00% −0.04
SNV Synovus Financial Corp. Sold out 0.00% −0.04
PCH Potlatchdeltic Corp. Sold out 0.00% −0.02
DAY Dayforce Inc. Sold out 0.00% −0.02
CIVI Civitas Resources Inc. Sold out 0.00% −0.01
FG F&G Annuities & Life Inc. Sold out 0.00% −0.00
CBSH Commerce Bancshares Inc. Reduce 0.0% 0.04% −0.00

Portfolio Buys Q4 2025 → Q1 2026
NT COLLECTIVE SHORT TERM INVT FD New 0.30% +0.30
LITE Lumentum Holdings Inc. Add +2.8% 0.32% +0.16
PNFP Pinnacle Financial Partners New 0.08% +0.08
AEIS Advanced Energy Industries New 0.08% +0.08
TTMI TTM Technologies New 0.06% +0.06
ARWR Arrowhead Pharmaceuticals Inc. New 0.06% +0.06
AHR American Healthcare REIT Inc. New 0.05% +0.05
XPO Xpo Inc. Add +4.7% 0.15% +0.05
OVV Ovintiv Inc. Add +13.7% 0.11% +0.05
BROS Dutch Bros Inc. Class A New 0.04% +0.04
PR Permian Resources Corp. Class A Add +10.3% 0.09% +0.04
MKSI MKS Inc. Add +6.8% 0.10% +0.04
SARO Standardaero Inc. New 0.03% +0.03
PATH Uipath Inc. Class A New 0.03% +0.03
MTSI Macom Technology Solutions H Add +8.2% 0.09% +0.03
TEX Terex Corp. Add +72.5% 0.04% +0.02
RYN Rayonier Inc. Add +91.0% 0.04% +0.02
WTRG Essential Utilities Inc. Add +11.2% 0.07% +0.01
EGP Eastgroup Properties Inc. Add +12.0% 0.06% +0.01
WAT Waters Corp. Add +63.2% 0.04% +0.01
GBCI Glacier Bancorp Inc. Add +19.5% 0.04% +0.01
AAPL Apple Inc. Add +0.5% 5.31% −0.18
AMZN Amazon.com Inc. Add +0.8% 2.87% −0.19

Notes & Other Activity Q4 2025 → Q1 2026
VAC Marriott Vacations World COM Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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