New York State Common Retirement Fund
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), New York State Common Retirement Fund reported 3,175 stock positions worth $74.9 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Apple (AAPL, 6.3%) and Microsoft (MSFT, 5.7%). Compared with Q3 2025, it opened 75 new positions, sold out of 81, added to 627 and reduced 945. The biggest buy was Chubb (CB, shares +2%) and the biggest sale Microsoft (MSFT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- ALBANY, NY
- CIK
- 0000810265
- Portfolio Value
- $74.9B (Q4 2025)
- SEC Filing
- 0000810265-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 3,175 stocks · $74.9B
| NVDA Nvidia Corp. | 6.53% | 26,208,674 | $4.9B | Reduce -3.9% |
| AAPL Apple Inc. | 6.25% | 17,231,786 | $4.7B | Reduce -3.3% |
| MSFT Microsoft Corp. | 5.71% | 8,849,381 | $4.3B | Reduce -4.3% |
| AMZN Amazon.com Inc. | 3.56% | 11,559,379 | $2.7B | Reduce -5.3% |
| GOOGL Alphabet Inc. Class A | 2.96% | 7,082,814 | $2.2B | Reduce -4.9% |
| AVGO Broadcom Inc. | 2.38% | 5,153,809 | $1.8B | Reduce -3.6% |
| GOOG Alphabet Inc. Class C | 2.38% | 5,680,539 | $1.8B | Reduce -4.7% |
| META Meta Platforms Inc. Class A | 2.14% | 2,432,636 | $1.6B | Reduce -5.3% |
| TSLA Tesla Inc. | 1.88% | 3,125,231 | $1.4B | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 1.40% | 3,243,209 | $1.0B | Reduce -2.8% |
| LLY Eli Lilly & Co. | 1.31% | 913,787 | $982.0M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% | 1,946,407 | $978.4M | Reduce -1.2% |
| V Visa Inc. Class A | 0.95% | 2,038,962 | $715.1M | Reduce -4.7% |
| JNJ Johnson & Johnson | 0.82% | 2,963,992 | $613.4M | Reduce -1.1% |
| WMT Walmart Inc. | 0.74% | 4,962,280 | $552.8M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.70% | 919,572 | $525.0M | Reduce -8.9% |
| XOM Exxon Mobil Corp. | 0.66% | 4,108,003 | $494.4M | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.64% | 8,681,961 | $477.5M | Reduce -13.1% |
| ABBV Abbvie Inc. | 0.62% | 2,025,503 | $462.8M | Reduce -1.7% |
| NFLX Netflix Inc. | 0.60% | 4,793,500 | $449.4M | Reduce -8.3% |
| COST Costco Wholesale Corp. | 0.59% | 509,239 | $439.1M | Reduce -1.6% |
| PLTR Palantir Technologies Inc. Class A | 0.55% | 2,323,978 | $413.1M | Reduce -3.0% |
| AMD Advanced Micro Devices | 0.54% | 1,891,974 | $405.2M | Reduce -10.3% |
| PG The Procter & Gamble Co. | 0.54% | 2,826,191 | $405.0M | Reduce -1.6% |
| WFC Wells Fargo & Co. | 0.53% | 4,267,239 | $397.7M | Reduce -2.7% |
| HD Home Depot Inc. | 0.52% | 1,138,805 | $391.9M | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.50% | 3,556,058 | $374.3M | Reduce -3.0% |
| MU Micron Technology Inc. | 0.50% | 1,300,245 | $371.1M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.49% | 4,807,376 | $370.3M | Reduce -1.0% |
| GE General Electric filed as GE AEROSPACE | 0.49% | 1,201,873 | $370.2M | Reduce -6.5% |
| UNH Unitedhealth Group Inc. | 0.49% | 1,117,634 | $368.9M | Reduce -6.1% |
| ORCL Oracle Corp. | 0.48% | 1,863,065 | $363.1M | Reduce -6.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 1,141,731 | $338.2M | Reduce -1.0% |
| GS Goldman Sachs Group Inc. | 0.44% | 378,312 | $332.5M | Reduce -1.2% |
| KO The Coca-Cola Co. | 0.43% | 4,599,401 | $321.5M | Reduce -1.7% |
| C Citigroup Inc. | 0.41% | 2,614,233 | $305.1M | Reduce -16.3% |
| CAT Caterpillar Inc. | 0.40% | 525,478 | $301.0M | Reduce -9.8% |
| CRM Salesforce Inc. | 0.40% | 1,127,562 | $298.7M | Reduce -0.7% |
| RTX RTX Corp. | 0.39% | 1,608,873 | $295.1M | Reduce -2.6% |
| PM Philip Morris International | 0.37% | 1,747,100 | $280.2M | Reduce -0.6% |
| MS Morgan Stanley | 0.37% | 1,556,555 | $276.3M | Reduce -0.9% |
| CVX Chevron Corp. | 0.36% | 1,791,885 | $273.1M | Reduce -5.4% |
| MCD McDonald's Corp. | 0.34% | 839,883 | $256.7M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 432,419 | $250.6M | Reduce -12.1% |
| ABT Abbott Laboratories | 0.33% | 1,982,718 | $248.4M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 2,159,403 | $245.7M | Reduce -2.9% |
| LRCX Lam Research Corp. | 0.33% | 1,432,586 | $245.2M | Reduce -6.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 777,749 | $236.4M | Reduce -46.2% |
| AMAT Applied Materials Inc. | 0.31% | 910,531 | $234.0M | Reduce -11.7% |
| PEP Pepsico Inc. | 0.31% | 1,606,662 | $230.6M | Reduce -2.1% |
| AXP American Express Co. | 0.30% | 614,030 | $227.2M | Reduce -1.9% |
| QCOM Qualcomm Inc. | 0.29% | 1,283,390 | $219.5M | Reduce -3.2% |
| ISRG Intuitive Surgical Inc. | 0.29% | 379,034 | $214.7M | Reduce -9.6% |
| BKNG Booking Holdings Inc. | 0.28% | 38,886 | $208.2M | Reduce -6.8% |
| CB Chubb Ltd. | 0.28% | 661,330 | $206.4M | Add +2.1% |
| INTU Intuit Inc. | 0.27% | 309,241 | $204.8M | Reduce -2.8% |
| T AT&T Inc. | 0.27% | 8,166,527 | $202.9M | Reduce -2.0% |
| AMGN Amgen Inc. | 0.27% | 619,171 | $202.7M | Reduce -0.9% |
| LIN Linde PLC | 0.27% | 474,654 | $202.4M | Reduce -9.6% |
| PFE Pfizer Inc. | 0.26% | 7,969,154 | $198.4M | Reduce -3.1% |
| BLK BlackRock Inc. | 0.26% | 185,307 | $198.3M | Reduce -3.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 1,287,377 | $197.8M | Reduce -6.4% |
| GEV GE Vernova Inc. | 0.26% | 301,936 | $197.3M | Reduce -7.4% |
| VZ Verizon Communications Inc. | 0.26% | 4,789,273 | $195.1M | Reduce -0.8% |
| BA The Boeing Co. | 0.26% | 897,166 | $194.8M | Reduce -7.9% |
| NEE Nextera Energy Inc. | 0.26% | 2,420,897 | $194.3M | Reduce -3.3% |
| KLAC KLA Corp. | 0.26% | 157,874 | $191.8M | Reduce -1.1% |
| ACN Accenture PLC Class A | 0.25% | 704,465 | $189.0M | Reduce -6.1% |
| SPGI S&P Global Inc. | 0.25% | 359,034 | $187.6M | Reduce -8.0% |
| UBER Uber Technologies Inc. | 0.25% | 2,296,183 | $187.6M | Reduce -6.4% |
| APH Amphenol Corp. Class A | 0.25% | 1,365,946 | $184.6M | Reduce -14.4% |
| INTC Intel Corp. | 0.25% | 4,982,425 | $183.9M | Reduce -1.4% |
| PGR Progressive Corp. | 0.24% | 795,492 | $181.1M | Add +13.4% |
| SCHW Schwab (charles) Corp. | 0.24% | 1,804,995 | $180.3M | Reduce -8.5% |
| NOW ServiceNow Inc. | 0.24% | 1,157,085 | $177.3M | Reduce -4.0% |
| ADBE Adobe Inc. | 0.24% | 505,657 | $177.0M | Reduce -6.0% |
| GILD Gilead Sciences Inc. | 0.23% | 1,432,017 | $175.8M | Reduce -2.8% |
| COF Capital One Financial Corp. | 0.23% | 714,398 | $173.1M | Reduce -2.2% |
| BSX Boston Scientific Corp. | 0.23% | 1,808,953 | $172.5M | Reduce -6.0% |
| APP AppLovin Corp. Class A | 0.23% | 253,714 | $171.0M | Reduce -21.0% |
| TXN Texas Instruments Inc. | 0.23% | 980,565 | $170.1M | Reduce -6.0% |
| CEG Constellation Energy | 0.22% | 475,955 | $168.1M | Reduce -6.3% |
| ETN Eaton Corp. PLC | 0.22% | 522,867 | $166.5M | Reduce -13.4% |
| DHR Danaher Corp. | 0.22% | 726,534 | $166.3M | Reduce -8.8% |
| LOW Lowe's Cos Inc. | 0.22% | 688,489 | $166.0M | Reduce -0.9% |
| CMCSA Comcast Corp. Class A | 0.21% | 5,167,567 | $154.5M | Reduce -1.0% |
| ANET Arista Networks Inc. | 0.20% | 1,170,572 | $153.4M | Reduce -13.6% |
| HON Honeywell International Inc. | 0.20% | 779,303 | $152.0M | Reduce -1.0% |
| MCK McKesson Corp. | 0.20% | 184,734 | $151.5M | Reduce -5.2% |
| ADI Analog Devices Inc. | 0.20% | 558,182 | $151.4M | Reduce -11.8% |
| UNP Union Pacific Corp. | 0.20% | 636,542 | $147.2M | Reduce -1.2% |
| PANW Palo Alto Networks Inc. | 0.19% | 776,092 | $143.0M | Reduce -1.1% |
| PLD Prologis Inc. | 0.19% | 1,119,336 | $142.9M | Reduce -0.3% |
| MDT Medtronic PLC | 0.19% | 1,480,846 | $142.3M | Reduce -1.0% |
| WELL Welltower Inc. | 0.19% | 760,528 | $141.2M | Reduce -0.9% |
| NEM Newmont Corp. | 0.19% | 1,406,440 | $140.4M | Reduce -0.1% |
| SYK Stryker Corp. | 0.19% | 397,237 | $139.6M | Reduce -6.6% |
| DE Deere & Co. | 0.18% | 297,617 | $138.6M | Reduce -5.0% |
| CI The Cigna Group | 0.18% | 499,484 | $137.5M | Reduce -1.6% |
| CVS CVS Health Corp. | 0.18% | 1,729,690 | $137.3M | Reduce -3.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $21.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 10,728 | $13.4M | Reduce -36.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,320 | $7.7M | Reduce -51.6% |
Total filed on the 13F, all lines: $74.9B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -4.3% | 5.71% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -5.3% | 2.14% | −0.30 |
| ORCL Oracle Corp. | Reduce -6.5% | 0.48% | −0.24 |
| NFLX Netflix Inc. | Reduce -8.3% | 0.60% | −0.21 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -46.2% | 0.32% | −0.21 |
| SE Sea Ltd.-ADR | Reduce -69.5% | 0.02% | −0.08 |
| HD Home Depot Inc. | Reduce -1.3% | 0.52% | −0.08 |
| SPOT Spotify Technology SA | Reduce -24.5% | 0.15% | −0.08 |
| MELI MercadoLibre Inc. | Reduce -71.4% | 0.02% | −0.07 |
| APP AppLovin Corp. Class A | Reduce -21.0% | 0.23% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -13.4% | 0.22% | −0.07 |
| SNPS Synopsys Inc. | Reduce -27.8% | 0.16% | −0.07 |
| MSTR Strategy Inc. | Reduce -0.9% | 0.06% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -6.4% | 0.25% | −0.06 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -3.9% | 6.53% | −0.06 |
| LIN Linde PLC | Reduce -9.6% | 0.27% | −0.05 |
| ANET Arista Networks Inc. | Reduce -13.6% | 0.20% | −0.05 |
| NOW ServiceNow Inc. | Reduce -4.0% | 0.24% | −0.05 |
| PTC PTC Inc. | Reduce -74.2% | 0.01% | −0.05 |
| CARR Carrier Global Corp. | Reduce -35.7% | 0.07% | −0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -18.9% | 0.13% | −0.04 |
| CME Cme Group Inc. | Reduce -25.9% | 0.15% | −0.04 |
| DASH DoorDash Inc. Class A | Reduce -14.7% | 0.12% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -8.9% | 0.70% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -28.0% | 0.06% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -6.1% | 0.49% | −0.04 |
| TT Trane Technologies PLC | Reduce -16.3% | 0.15% | −0.04 |
| PWR Quanta Services Inc. | Reduce -49.2% | 0.04% | −0.04 |
| OMF Onemain Holdings Inc. | Reduce -88.0% | 0.01% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -16.2% | 0.09% | −0.04 |
| XYL Xylem Inc. | Reduce -50.3% | 0.03% | −0.04 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −0.03 |
| T AT&T Inc. | Reduce -2.0% | 0.27% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -1.6% | 0.59% | −0.03 |
| ADSK Autodesk Inc. | Reduce -22.2% | 0.10% | −0.03 |
| AON Aon PLC Class A | Reduce -23.7% | 0.11% | −0.03 |
| PFGC Performance Food Group Co. | Reduce -27.6% | 0.06% | −0.03 |
| ACM Aecom | Reduce -63.5% | 0.01% | −0.03 |
| ADP Automatic Data Processing | Reduce -7.0% | 0.16% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.54% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -9.7% | 0.11% | −0.03 |
| AL Sumisho Air Lease Corp. | Reduce -88.7% | 0.00% | −0.03 |
| BAC Bank of America Corp. | Reduce -13.1% | 0.64% | −0.03 |
| XEL Xcel Energy Inc. | Reduce -51.6% | 0.02% | −0.03 |
| XYZ Block Inc. | Reduce -47.7% | 0.03% | −0.03 |
| SNOW Snowflake Inc. | Reduce -22.3% | 0.10% | −0.03 |
| CADE Cadence Bank | Reduce -90.3% | 0.00% | −0.03 |
| ITGR Integer Holdings Corp. | Reduce -64.1% | 0.01% | −0.03 |
| TDY Teledyne Technologies Inc. | Reduce -53.1% | 0.02% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| CB Chubb Ltd. | Add +2.1% | 0.28% | +0.04 |
| EPAM Epam Systems Inc. | Add +17.3% | 0.09% | +0.03 |
| HDB HDFC Bank Ltd.-ADR | Add +135.3% | 0.05% | +0.03 |
| MDU Mdu Resources Group Inc. | Add +382.3% | 0.04% | +0.03 |
| AXTA Axalta Coating Systems Ltd. | Add +335.5% | 0.04% | +0.03 |
| COLB Columbia Banking System Inc. | Add +124.6% | 0.05% | +0.03 |
| DG Dollar General Corp. | Add +98.0% | 0.05% | +0.03 |
| ATKR Atkore Inc. | Add +1166.1% | 0.03% | +0.03 |
| GSK GSK PLC-Spon ADR | Add +407.9% | 0.03% | +0.03 |
| ONTO Onto Innovation Inc. | Add +87.3% | 0.05% | +0.03 |
| HWC Hancock Whitney Corp. | Add +957.7% | 0.03% | +0.03 |
| BP BP PLC-Spons ADR | New | 0.02% | +0.02 |
| ACGL Arch Capital Group Ltd. | Add +26.3% | 0.09% | +0.02 |
| EXP Eagle Materials Inc. | Add +620.2% | 0.03% | +0.02 |
| AU Anglogold Ashanti PLC | Add +23.1% | 0.06% | +0.02 |
| PEN Penumbra Inc. | Add +37.9% | 0.05% | +0.02 |
| CRC California Resources Corp. | Add +172.2% | 0.03% | +0.02 |
| CXT Crane NXT Co. | Add +409.6% | 0.02% | +0.02 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +9.6% | 0.06% | +0.02 |
| PGR Progressive Corp. | Add +13.4% | 0.24% | +0.02 |
| ELV Elevance Health Inc. | Add +0.8% | 0.15% | +0.02 |
| CIB Grupo Cibest SA-ADR | New | 0.02% | +0.02 |
| SMTC Semtech Corp. | Add +55.0% | 0.04% | +0.02 |
| CTRI Centuri Holdings Inc. | Add +244.0% | 0.02% | +0.02 |
| HUBS HubSpot Inc. | Add +119.1% | 0.03% | +0.02 |
| LASR Nlight Inc. | Add +2027.6% | 0.02% | +0.02 |
| NVS Novartis AG-Sponsored ADR | Add +74.4% | 0.03% | +0.02 |
| FWONK Liberty Media Corp. Class C | Add +100.3% | 0.03% | +0.02 |
| EGO Eldorado Gold Corp. | New | 0.02% | +0.02 |
| ACMR Acm Research Inc. Class A | Add +1819.6% | 0.02% | +0.02 |
| BRKR Bruker Corp. | Add +31.1% | 0.03% | +0.01 |
| GH Guardant Health Inc. | Add +103.5% | 0.02% | +0.01 |
| RIO Rio Tinto PLC-Spon ADR | Add +249.2% | 0.02% | +0.01 |
| PCAR Paccar Inc. | Add +0.2% | 0.11% | +0.01 |
| SQM Quimica Y Minera Chil-SP ADR | New | 0.01% | +0.01 |
| MDB Mongodb Inc. | Add +1.1% | 0.05% | +0.01 |
| NOK Nokia Corp.-Spon ADR | New | 0.01% | +0.01 |
| FORM Formfactor Inc. | Add +94.8% | 0.02% | +0.01 |
| SNDK Sandisk Corp. | Add +7.6% | 0.02% | +0.01 |
| TKR Timken Co. | Add +11.3% | 0.06% | +0.01 |
| CSW CSW Industrials Inc. | Add +546.2% | 0.01% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | Add +28.3% | 0.05% | +0.01 |
| TVTX Travere Therapeutics Inc. | Add +797.2% | 0.01% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +2.5% | 0.02% | +0.01 |
| SEI Solaris Energy Infrastructur | Add +1446.3% | 0.01% | +0.01 |
| XP XP Inc. Class A | Add +80.5% | 0.03% | +0.01 |
| BIDU Baidu Inc. - Spon ADR | Add +100.6% | 0.02% | +0.01 |
| AMRX Amneal Pharmaceuticals Inc. | Add +281.3% | 0.01% | +0.01 |
| IONS Ionis Pharmaceuticals Inc. | Add +43.8% | 0.03% | +0.01 |
| COHR Coherent Corp. | Add +2.5% | 0.02% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -36.3% | 10,728 | $13.4M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -51.6% | 6,320 | $7.7M |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 24,800 | $43Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 3,173 | $79.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 3,131 | $71.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 3,175 | $74.9B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 3,179 | $77.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025Amended | 3,194 | $75.1B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025Amended | 3,169 | $68.1B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024Amended | 3,172 | $74.5B | AAPL, MSFT, NVDA, AMZN, META |
| Q3 2024Amended | 3,174 | $73.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024Amended | 3,396 | $76.2B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024Amended | 3,231 | $75.7B | MSFT, AAPL, NVDA, AMZN, META |