NFJ Investment Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), NFJ Investment Group, LLC reported 282 stock positions worth $3.0 billion. Its top holding was Nextera Energy (NEE) at 2.7% of the portfolio, followed by Eversource Energy (ES, 2.2%) and Rexford Industrial Realty (REXR, 2.2%). Compared with Q4 2024, it opened 34 new positions, sold out of 21, added to 48 and reduced 151. The biggest buy was Prologis (PLD, shares +296%) and the biggest sale Domino's Pizza (DPZ, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001862664
- Portfolio Value
- $3.0B (Q1 2025)
- SEC Filing
- 0000019481-25-000012 ↗ filed May 15, 2025
Holdings Value
Holdings 282 stocks · $3.0B
| NEE Nextera Energy Inc. | 2.74% | 1,150,389 | $81.6M | Reduce -1.2% |
| ES Eversource Energy | 2.25% | 1,075,943 | $66.8M | Reduce -1.0% |
| REXR Rexford Industrial Realty Inc. | 2.16% | 1,642,285 | $64.3M | Reduce -16.8% |
| PLD Prologis Inc. | 2.14% | 568,984 | $63.6M | Add +295.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.00% | 1,426,736 | $59.5M | Reduce -25.1% |
| INTU Intuit Inc. | 1.89% | 91,442 | $56.1M | Reduce -20.4% |
| PNC PNC Financial Services Group | 1.85% | 313,236 | $55.1M | Reduce -5.3% |
| ARE Alexandria Real Estate Equit | 1.80% | 579,495 | $53.6M | Reduce -31.4% |
| AWK American Water Works Co. Inc. | 1.75% | 353,298 | $52.1M | Add +17.6% |
| MKTX Marketaxess Holdings Inc. | 1.67% | 229,763 | $49.7M | Add +89.0% |
| TFC Truist Financial Corp. | 1.60% | 1,158,980 | $47.7M | Reduce -8.6% |
| CBSH Commerce Bancshares Inc. | 1.45% | 695,035 | $43.3M | Reduce -1.2% |
| CVX Chevron Corp. | 1.43% | 254,094 | $42.5M | Add +2.3% |
| XOM Exxon Mobil Corp. | 1.41% | 351,338 | $41.8M | Add +13.3% |
| RBA RB Global Inc. | 1.39% | 413,137 | $41.4M | Add +20.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.38% | 77,057 | $41.0M | Add +115.0% |
| PFE Pfizer Inc. | 1.37% | 1,605,974 | $40.7M | Add +103.6% |
| UNH Unitedhealth Group Inc. | 1.36% | 77,183 | $40.4M | Reduce -18.5% |
| TMO Thermo Fisher Scientific Inc. | 1.33% | 79,642 | $39.6M | Reduce -1.4% |
| HCA HCA Healthcare Inc. | 1.31% | 112,923 | $39.0M | New |
| HON Honeywell International Inc. | 1.30% | 183,199 | $38.8M | Reduce -7.2% |
| TSN Tyson Foods Inc. Class A | 1.29% | 600,246 | $38.3M | Add +10.2% |
| SWK Stanley Black & Decker Inc. | 1.17% | 452,131 | $34.8M | Reduce -1.1% |
| OVV Ovintiv Inc. | 1.16% | 805,959 | $34.5M | Add +0.4% |
| CCI Crown Castle Inc. | 1.15% | 326,884 | $34.1M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.13% | 136,981 | $33.6M | Reduce -2.8% |
| BLK BlackRock Inc. | 1.13% | 35,460 | $33.6M | Add +954.1% |
| HD Home Depot Inc. | 1.07% | 86,667 | $31.8M | Add +38.3% |
| USB US Bancorp | 1.07% | 750,615 | $31.7M | Add +0.2% |
| LHX L3HARRIS Technologies Inc. | 1.01% | 143,807 | $30.1M | Reduce -16.6% |
| MSCI MSCI Inc. | 1.01% | 53,093 | $30.0M | Reduce -35.2% |
| BALL Ball Corp. | 0.92% | 526,463 | $27.4M | Reduce -1.0% |
| AMD Advanced Micro Devices | 0.91% | 262,622 | $27.0M | Add +86.2% |
| ALLE Allegion PLC | 0.89% | 203,951 | $26.6M | Add +50.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.89% | 145,433 | $26.6M | Reduce -13.8% |
| INVH Invitation Homes Inc. | 0.89% | 757,969 | $26.4M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.87% | 194,849 | $25.8M | Reduce -2.8% |
| EOG EOG Resources Inc. | 0.86% | 198,286 | $25.4M | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.85% | 255,315 | $25.2M | Reduce -1.5% |
| MSFT Microsoft Corp. | 0.83% | 65,490 | $24.6M | Add +14.0% |
| SBAC SBA Communications Corp. | 0.82% | 110,476 | $24.3M | Reduce -1.2% |
| MDT Medtronic PLC | 0.80% | 263,596 | $23.7M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 0.76% | 41,492 | $22.7M | Reduce -12.6% |
| SCHW Schwab (charles) Corp. | 0.71% | 270,429 | $21.2M | New |
| KDP Keurig Dr Pepper Inc. | 0.70% | 608,670 | $20.8M | Reduce -0.9% |
| AAPL Apple Inc. | 0.69% | 92,629 | $20.6M | Reduce -2.1% |
| EQIX Equinix Inc. | 0.69% | 25,132 | $20.5M | Reduce -7.2% |
| V Visa Inc. Class A | 0.69% | 58,360 | $20.5M | Add +70.6% |
| MS Morgan Stanley | 0.68% | 174,497 | $20.4M | Reduce -16.3% |
| FFIN First Finl Bankshares Inc. | 0.68% | 565,184 | $20.3M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 0.68% | 24,363 | $20.1M | Add +73.7% |
| AMT American Tower Corp. | 0.67% | 91,701 | $20.0M | Reduce -3.1% |
| AES AES Corp. | 0.66% | 1,577,652 | $19.6M | Add +192.2% |
| G Genpact Ltd. | 0.64% | 379,457 | $19.1M | Reduce -23.9% |
| JD Jd.com Inc.-ADR | 0.62% | 451,903 | $18.6M | Reduce -12.9% |
| VEEV Veeva Systems Inc. Class A | 0.62% | 79,424 | $18.4M | Reduce -13.5% |
| C Citigroup Inc. | 0.59% | 246,268 | $17.5M | Reduce -23.6% |
| GOOGL Alphabet Inc. Class A | 0.57% | 110,349 | $17.1M | No change |
| WFC Wells Fargo & Co. | 0.57% | 236,427 | $17.0M | New |
| ABBV Abbvie Inc. | 0.55% | 77,996 | $16.3M | New |
| JNJ Johnson & Johnson | 0.54% | 97,511 | $16.2M | Add +30.9% |
| A Agilent Technologies Inc. | 0.52% | 132,478 | $15.5M | Reduce -7.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.52% | 367,082 | $15.3M | Add +0.6% |
| MTDR Matador Resources Co. | 0.52% | 299,788 | $15.3M | Reduce -0.3% |
| JBTM JBT Marel Corp. | 0.50% | 122,698 | $15.0M | Reduce -4.6% |
| CRM Salesforce Inc. | 0.49% | 54,674 | $14.7M | Add +9.5% |
| CTRA Coterra Energy Inc. | 0.49% | 505,683 | $14.6M | New |
| FMC FMC Corp. | 0.49% | 343,472 | $14.5M | Reduce -26.6% |
| WEC WEC Energy Group Inc. | 0.49% | 132,617 | $14.5M | Reduce -6.5% |
| APTV Aptiv PLC | 0.48% | 239,207 | $14.2M | Reduce -8.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.48% | 138,830 | $14.2M | New |
| TTC Toro Co. | 0.47% | 190,751 | $13.9M | Reduce -0.2% |
| BMY Bristol-Myers Squibb Co. | 0.45% | 217,071 | $13.2M | Reduce -2.3% |
| DOW Dow Inc. | 0.41% | 346,688 | $12.1M | New |
| PAAS Pan American Silver Corp. | 0.40% | 459,990 | $11.9M | Reduce -12.3% |
| ANSS Ansys Inc. | 0.39% | 36,667 | $11.6M | Reduce -5.3% |
| GMED Globus Medical Inc. Class A | 0.39% | 157,855 | $11.6M | Reduce -12.0% |
| ROL Rollins Inc. | 0.38% | 209,492 | $11.3M | Reduce -12.4% |
| SBUX Starbucks Corp. | 0.37% | 112,728 | $11.1M | Reduce -34.8% |
| LYB Lyondellbasell Indu Class A | 0.37% | 155,543 | $11.0M | Add +420.6% |
| COST Costco Wholesale Corp. | 0.36% | 11,328 | $10.7M | No change |
| INDB Independent Bank Corp. | 0.35% | 166,477 | $10.4M | Reduce -5.4% |
| APD Air Products & Chemicals Inc. | 0.34% | 34,743 | $10.2M | Reduce -67.9% |
| TRU Transunion | 0.33% | 119,907 | $10.0M | Reduce -49.2% |
| OKE Oneok Inc. | 0.33% | 98,906 | $9.8M | Reduce -7.5% |
| XYL Xylem Inc. | 0.33% | 81,608 | $9.7M | Reduce -2.2% |
| ZTS Zoetis Inc. | 0.32% | 58,167 | $9.6M | Reduce -68.0% |
| CSGP Costar Group Inc. | 0.32% | 120,248 | $9.5M | New |
| MMSI Merit Medical Systems Inc. | 0.32% | 89,668 | $9.5M | Reduce -13.6% |
| THG Hanover Insurance Group Inc./ | 0.31% | 53,452 | $9.3M | Add +18.3% |
| LKFN Lakeland Financial Corp. | 0.30% | 151,742 | $9.0M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.30% | 46,631 | $8.9M | New |
| CFG Citizens Financial Group | 0.29% | 207,076 | $8.5M | Reduce -7.1% |
| GTY Getty Realty Corp. | 0.29% | 271,867 | $8.5M | Reduce -5.0% |
| UAA Under Armour Inc. Class A | 0.28% | 1,339,991 | $8.4M | Add +90.8% |
| KALU Kaiser Aluminum Corp. | 0.28% | 136,412 | $8.3M | Reduce -0.3% |
| ALK Alaska Air Group Inc. | 0.28% | 167,393 | $8.2M | Reduce -6.2% |
| EXEL Exelixis Inc. | 0.26% | 207,746 | $7.7M | Add +244.7% |
| FNV Franco-Nevada Corp. | 0.25% | 48,096 | $7.6M | Reduce -10.0% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.25% | 58,188 | $7.5M | Reduce -70.1% |
Lines left out (1) · $10 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SOBO South Bow Corp. | COM | 0 | $10 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q4 2024 → Q1 2025
| DPZ Domino's Pizza Inc. | Reduce -99.9% | 0.00% | −0.94 |
| TFX Teleflex Inc. | Reduce -100.0% | 0.00% | −0.94 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.87 |
| ARE Alexandria Real Estate Equit | Reduce -31.4% | 1.80% | −0.84 |
| MAA Mid-America Apartment Comm | Reduce -80.8% | 0.21% | −0.77 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.75 |
| BAC Bank of America Corp. | Reduce -25.1% | 2.00% | −0.68 |
| APD Air Products & Chemicals Inc. | Reduce -67.9% | 0.34% | −0.66 |
| ZTS Zoetis Inc. | Reduce -68.0% | 0.32% | −0.63 |
| BBY Best Buy Co. Inc. | Reduce -100.0% | 0.00% | −0.58 |
| MSCI MSCI Inc. | Reduce -35.2% | 1.01% | −0.57 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.54 |
| SUI Sun Communities Inc. | Reduce -70.1% | 0.25% | −0.52 |
| WTW Willis Towers Watson PLC | Sold out | 0.00% | −0.48 |
| INTU Intuit Inc. | Reduce -20.4% | 1.89% | −0.43 |
| COF Capital One Financial Corp. | Reduce -100.0% | 0.00% | −0.37 |
| TXN Texas Instruments Inc. | Reduce -79.7% | 0.09% | −0.37 |
| TRU Transunion | Reduce -49.2% | 0.33% | −0.37 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.33 |
| ALL Allstate Corp. | Reduce -86.9% | 0.05% | −0.32 |
| LULU Lululemon Athletica Inc. | Reduce -61.5% | 0.13% | −0.31 |
| RLI Rli Corp. | Sold out | 0.00% | −0.31 |
| REXR Rexford Industrial Realty Inc. | Reduce -16.8% | 2.16% | −0.29 |
| CINF Cincinnati Financial Corp. | Reduce -85.4% | 0.05% | −0.28 |
| MET Metlife Inc. | Reduce -100.0% | 0.00% | −0.27 |
| FMC FMC Corp. | Reduce -26.6% | 0.49% | −0.24 |
| NICE Nice Ltd. - Spon ADR | Reduce -99.8% | 0.00% | −0.22 |
| ICE Intercontinental Exchange Inc. | Reduce -55.0% | 0.24% | −0.20 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.20 |
| IWD iShares Russell 1000 Value E | Reduce -81.8% | 0.05% | −0.20 |
| PNC PNC Financial Services Group | Reduce -5.3% | 1.85% | −0.20 |
| TRNO Terreno Realty Corp. | Reduce -51.5% | 0.22% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -18.5% | 1.36% | −0.18 |
| CNMD Conmed Corp. | Sold out | 0.00% | −0.17 |
| TFC Truist Financial Corp. | Reduce -8.6% | 1.60% | −0.16 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.16 |
| DLR Digital Realty Trust Inc. | Reduce -48.2% | 0.12% | −0.16 |
| MS Morgan Stanley | Reduce -16.3% | 0.68% | −0.16 |
| LHX L3HARRIS Technologies Inc. | Reduce -16.6% | 1.01% | −0.15 |
| TDY Teledyne Technologies Inc. | Reduce -78.9% | 0.05% | −0.15 |
| C Citigroup Inc. | Reduce -23.6% | 0.59% | −0.14 |
| SBUX Starbucks Corp. | Reduce -34.8% | 0.37% | −0.13 |
| NDAQ Nasdaq Inc. | Reduce -74.8% | 0.05% | −0.13 |
| EQIX Equinix Inc. | Reduce -7.2% | 0.69% | −0.13 |
| EXLS Exlservice Holdings Inc. | Reduce -51.2% | 0.15% | −0.13 |
| HON Honeywell International Inc. | Reduce -7.2% | 1.30% | −0.13 |
| TROX Tronox Holdings PLC | Sold out | 0.00% | −0.12 |
| TROW T Rowe Price Group Inc. | Reduce -28.3% | 0.19% | −0.12 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.12 |
| TGT Target Corp. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q4 2024 → Q1 2025
| PLD Prologis Inc. | Add +295.6% | 2.14% | +1.65 |
| HCA HCA Healthcare Inc. | New | 1.31% | +1.31 |
| BLK BlackRock Inc. | Add +954.1% | 1.13% | +1.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +115.0% | 1.38% | +0.86 |
| MKTX Marketaxess Holdings Inc. | Add +89.0% | 1.67% | +0.79 |
| SCHW Schwab (charles) Corp. | New | 0.71% | +0.71 |
| PFE Pfizer Inc. | Add +103.6% | 1.37% | +0.70 |
| WFC Wells Fargo & Co. | New | 0.57% | +0.57 |
| AWK American Water Works Co. Inc. | Add +17.6% | 1.75% | +0.55 |
| ABBV Abbvie Inc. | New | 0.55% | +0.55 |
| CTRA Coterra Energy Inc. | New | 0.49% | +0.49 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.48% | +0.48 |
| AES AES Corp. | Add +192.2% | 0.66% | +0.44 |
| DOW Dow Inc. | New | 0.41% | +0.41 |
| RBA RB Global Inc. | Add +20.8% | 1.39% | +0.40 |
| AMD Advanced Micro Devices | Add +86.2% | 0.91% | +0.36 |
| V Visa Inc. Class A | Add +70.6% | 0.69% | +0.34 |
| XOM Exxon Mobil Corp. | Add +13.3% | 1.41% | +0.33 |
| LLY Eli Lilly & Co. | Add +73.7% | 0.68% | +0.33 |
| ALLE Allegion PLC | Add +50.0% | 0.89% | +0.32 |
| CSGP Costar Group Inc. | New | 0.32% | +0.32 |
| AMZN Amazon.com Inc. | New | 0.30% | +0.30 |
| LYB Lyondellbasell Indu Class A | Add +420.6% | 0.37% | +0.30 |
| HD Home Depot Inc. | Add +38.3% | 1.07% | +0.29 |
| TSN Tyson Foods Inc. Class A | Add +10.2% | 1.29% | +0.28 |
| CVX Chevron Corp. | Add +2.3% | 1.43% | +0.27 |
| DVN Devon Energy Corp. | New | 0.24% | +0.24 |
| CCI Crown Castle Inc. | Add +1.6% | 1.15% | +0.21 |
| JNJ Johnson & Johnson | Add +30.9% | 0.54% | +0.20 |
| EXEL Exelixis Inc. | Add +244.7% | 0.26% | +0.19 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +826.9% | 0.22% | +0.19 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.19% | +0.19 |
| APH Amphenol Corp. Class A | New | 0.17% | +0.17 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.17% | +0.17 |
| ASH Ashland Inc. | New | 0.16% | +0.16 |
| TECH Bio-Techne Corp. | New | 0.15% | +0.15 |
| GS Goldman Sachs Group Inc. | Add +216.6% | 0.21% | +0.14 |
| NEM Newmont Corp. | New | 0.14% | +0.14 |
| MKSI MKS Inc. | Add +344.5% | 0.16% | +0.12 |
| OVV Ovintiv Inc. | Add +0.4% | 1.16% | +0.12 |
| AVAV Aerovironment Inc. | New | 0.11% | +0.11 |
| AWR American States Water Co. | Add +99.7% | 0.21% | +0.11 |
| MSEX Middlesex Water Co. | New | 0.11% | +0.11 |
| AXTA Axalta Coating Systems Ltd. | New | 0.11% | +0.11 |
| DINO HF Sinclair Corp. | New | 0.11% | +0.11 |
| WGO Winnebago Industries | Add +196.0% | 0.19% | +0.11 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.10% | +0.10 |
| GE General Electric | New | 0.10% | +0.10 |
| UAA Under Armour Inc. Class A | Add +90.8% | 0.28% | +0.09 |
| PG The Procter & Gamble Co. | New | 0.09% | +0.09 |
Notes & Other Activity Q4 2024 → Q1 2025
| SOBO South Bow Corp. | COM | Reduce -100.0% | 0 | $10 |
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 | 208 | $3.0B | DINO, AAPL, GEV, LLY, SCHW |
| Q1 2026 | 221 | $2.6B | DINO, MRVL, SCHW, PLD, GOOGL |
| Q4 2025 | 228 | $2.8B | SCHW, MRVL, DINO, GOOGL, PLD |
| Q3 2025 | 265 | $2.9B | ARE, GOOGL, PLD, NEE, GBCI |
| Q2 2025 | 271 | $2.9B | NEE, BAC, ES, INTU, GOOGL |
| Q1 2025 | 282 | $3.0B | NEE, ES, REXR, PLD, BAC |
| Q4 2024 | 270 | $3.1B | BAC, NEE, ARE, REXR, INTU |
| Q3 2024 | 271 | $3.4B | ARE, NEE, REXR, BAC, ES |
| Q2 2024 | 251 | $3.3B | ARE, REXR, NEE, BAC, INTU |
| Q1 2024 | 236 | $3.7B | BAC, ARE, REXR, NEE, ES |