NFJ Investment Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), NFJ Investment Group, LLC reported 271 stock positions worth $2.9 billion. Its top holding was Nextera Energy (NEE) at 2.5% of the portfolio, followed by Bank of America (BAC, 2.3%) and Eversource Energy (ES, 2.2%). Compared with Q1 2025, it opened 22 new positions, sold out of 33, added to 43 and reduced 195. The biggest buy was Alphabet Class A (GOOGL, shares +208%) and the biggest sale MSCI (MSCI, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001862664
- Portfolio Value
- $2.9B (Q2 2025)
- SEC Filing
- 0001862664-25-000001 ↗ filed Aug 14, 2025
Holdings Value
Holdings 271 stocks · $2.9B
| NEE Nextera Energy Inc. | 2.49% | 1,029,863 | $71.5M | Reduce -10.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.30% | 1,395,851 | $66.1M | Reduce -2.2% |
| ES Eversource Energy | 2.25% | 1,013,055 | $64.5M | Reduce -5.8% |
| INTU Intuit Inc. | 2.13% | 77,592 | $61.1M | Reduce -15.2% |
| GOOGL Alphabet Inc. Class A | 2.09% | 339,953 | $59.9M | Add +208.1% |
| REXR Rexford Industrial Realty Inc. | 2.07% | 1,665,149 | $59.2M | Add +1.4% |
| PLD Prologis Inc. | 2.02% | 551,099 | $57.9M | Reduce -3.1% |
| PNC PNC Financial Services Group | 2.00% | 307,527 | $57.3M | Reduce -1.8% |
| PFE Pfizer Inc. | 1.99% | 2,352,625 | $57.0M | Add +46.5% |
| ARE Alexandria Real Estate Equit | 1.84% | 728,446 | $52.9M | Add +25.7% |
| MKTX Marketaxess Holdings Inc. | 1.64% | 211,107 | $47.1M | Reduce -8.1% |
| SWK Stanley Black & Decker Inc. | 1.56% | 662,055 | $44.9M | Add +46.4% |
| TFC Truist Financial Corp. | 1.51% | 1,006,077 | $43.3M | Reduce -13.2% |
| CBSH Commerce Bancshares Inc. | 1.43% | 658,149 | $40.9M | Reduce -5.3% |
| JPM JPMorgan Chase & Co. | 1.35% | 133,128 | $38.6M | Reduce -2.8% |
| AMD Advanced Micro Devices | 1.30% | 262,663 | $37.3M | Add +0.0% |
| XOM Exxon Mobil Corp. | 1.28% | 339,223 | $36.6M | Reduce -3.5% |
| AWK American Water Works Co. Inc. | 1.26% | 258,803 | $36.0M | Reduce -26.8% |
| CVX Chevron Corp. | 1.25% | 250,930 | $35.9M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 73,060 | $35.5M | Reduce -5.2% |
| BLK BlackRock Inc. | 1.20% | 32,851 | $34.5M | Reduce -7.4% |
| TMO Thermo Fisher Scientific Inc. | 1.15% | 81,327 | $33.0M | Add +2.1% |
| TSN Tyson Foods Inc. Class A | 1.14% | 585,316 | $32.7M | Reduce -2.5% |
| HON Honeywell International Inc. | 1.11% | 136,572 | $31.8M | Reduce -25.4% |
| CCI Crown Castle Inc. | 1.10% | 307,453 | $31.6M | Reduce -5.9% |
| HD Home Depot Inc. | 1.10% | 85,822 | $31.5M | Reduce -1.0% |
| USB US Bancorp | 1.06% | 673,545 | $30.5M | Reduce -10.3% |
| MSFT Microsoft Corp. | 1.06% | 61,152 | $30.4M | Reduce -6.6% |
| OVV Ovintiv Inc. | 1.05% | 790,996 | $30.1M | Reduce -1.9% |
| BALL Ball Corp. | 0.99% | 508,492 | $28.5M | Reduce -3.4% |
| HCA HCA Healthcare Inc. | 0.98% | 73,331 | $28.1M | Reduce -35.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.93% | 215,154 | $26.7M | Reduce -15.7% |
| RBA RB Global Inc. | 0.88% | 235,764 | $25.3M | Reduce -42.9% |
| LHX L3HARRIS Technologies Inc. | 0.85% | 97,453 | $24.4M | Reduce -32.2% |
| INVH Invitation Homes Inc. | 0.85% | 743,057 | $24.4M | Reduce -2.0% |
| APTV Aptiv PLC | 0.83% | 350,239 | $23.9M | Add +46.4% |
| SCHW Schwab (charles) Corp. | 0.83% | 261,523 | $23.9M | Reduce -3.3% |
| OSK Oshkosh Corp. | 0.82% | 207,170 | $23.5M | Add +172.8% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.81% | 129,675 | $23.4M | Reduce -10.8% |
| SBAC SBA Communications Corp. | 0.81% | 99,268 | $23.3M | Reduce -10.2% |
| MS Morgan Stanley | 0.81% | 164,569 | $23.2M | Reduce -5.7% |
| CHRW C.H. Robinson Worldwide Inc. | 0.79% | 235,818 | $22.6M | Add +69.9% |
| EOG EOG Resources Inc. | 0.74% | 178,358 | $21.3M | Reduce -10.1% |
| MDT Medtronic PLC | 0.74% | 244,730 | $21.3M | Reduce -7.2% |
| C Citigroup Inc. | 0.70% | 235,483 | $20.0M | Reduce -4.4% |
| ABT Abbott Laboratories | 0.70% | 146,868 | $20.0M | Reduce -24.6% |
| WFC Wells Fargo & Co. | 0.67% | 239,452 | $19.2M | Add +1.3% |
| LLY Eli Lilly & Co. | 0.66% | 24,363 | $19.0M | No change |
| AMT American Tower Corp. | 0.66% | 85,243 | $18.8M | Reduce -7.0% |
| UPS United Parcel Service Class B | 0.65% | 185,560 | $18.7M | Add +1400.4% |
| FFIN First Finl Bankshares Inc. | 0.65% | 514,746 | $18.5M | Reduce -8.9% |
| UNP Union Pacific Corp. | 0.64% | 80,118 | $18.4M | Add +1247.4% |
| CRM Salesforce Inc. | 0.64% | 67,149 | $18.3M | Add +22.8% |
| VEEV Veeva Systems Inc. Class A | 0.62% | 61,999 | $17.9M | Reduce -21.9% |
| UNH Unitedhealth Group Inc. | 0.61% | 55,927 | $17.4M | Reduce -27.5% |
| LKFN Lakeland Financial Corp. | 0.61% | 283,690 | $17.4M | Add +87.0% |
| AES AES Corp. | 0.60% | 1,645,879 | $17.3M | Add +4.3% |
| KDP Keurig Dr Pepper Inc. | 0.58% | 505,528 | $16.7M | Reduce -16.9% |
| ALLE Allegion PLC | 0.57% | 112,824 | $16.3M | Reduce -44.7% |
| FMC FMC Corp. | 0.56% | 386,532 | $16.1M | Add +12.5% |
| A Agilent Technologies Inc. | 0.54% | 130,808 | $15.4M | Reduce -1.3% |
| G Genpact Ltd. | 0.53% | 342,303 | $15.1M | Reduce -9.8% |
| EQIX Equinix Inc. | 0.52% | 18,850 | $15.0M | Reduce -25.0% |
| JNJ Johnson & Johnson | 0.51% | 95,663 | $14.6M | Reduce -1.9% |
| MTDR Matador Resources Co. | 0.50% | 297,852 | $14.2M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.49% | 75,642 | $14.0M | Reduce -3.0% |
| JD Jd.com Inc.-ADR | 0.46% | 406,856 | $13.3M | Reduce -10.0% |
| AU Anglogold Ashanti PLC | 0.45% | 16,041 | $12.8M | New |
| UBER Uber Technologies Inc. | 0.44% | 136,748 | $12.8M | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.43% | 365,624 | $12.4M | Reduce -0.4% |
| CTRA Coterra Energy Inc. | 0.42% | 470,364 | $11.9M | Reduce -7.0% |
| ANSS Ansys Inc. | 0.41% | 33,735 | $11.8M | Reduce -8.0% |
| FR First Industrial Realty TR | 0.41% | 243,322 | $11.7M | Add +103.1% |
| JBTM JBT Marel Corp. | 0.39% | 94,044 | $11.3M | Reduce -23.4% |
| MKSI MKS Inc. | 0.38% | 109,761 | $10.9M | Add +82.7% |
| XYL Xylem Inc. | 0.36% | 80,676 | $10.4M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.36% | 46,631 | $10.2M | No change |
| KALU Kaiser Aluminum Corp. | 0.35% | 125,671 | $10.0M | Reduce -7.9% |
| SBUX Starbucks Corp. | 0.35% | 109,281 | $10.0M | Reduce -3.1% |
| V Visa Inc. Class A | 0.35% | 28,047 | $10.0M | Reduce -51.9% |
| COST Costco Wholesale Corp. | 0.34% | 9,983 | $9.9M | Reduce -11.9% |
| PAAS Pan American Silver Corp. | 0.34% | 340,161 | $9.7M | Reduce -26.1% |
| CSGP Costar Group Inc. | 0.34% | 119,943 | $9.6M | Reduce -0.3% |
| TRU Transunion | 0.34% | 109,161 | $9.6M | Reduce -9.0% |
| UAA Under Armour Inc. Class A | 0.32% | 1,359,932 | $9.3M | Add +1.5% |
| GMED Globus Medical Inc. Class A | 0.32% | 156,715 | $9.2M | Reduce -0.7% |
| INDB Independent Bank Corp. | 0.32% | 146,489 | $9.2M | Reduce -12.0% |
| LYB Lyondellbasell Indu Class A | 0.32% | 157,661 | $9.1M | Add +1.4% |
| CFG Citizens Financial Group | 0.32% | 202,077 | $9.0M | Reduce -2.4% |
| DOW Dow Inc. | 0.31% | 338,904 | $9.0M | Reduce -2.3% |
| IQV Iqvia Holdings Inc. | 0.31% | 56,037 | $8.8M | Add +70.3% |
| ZTS Zoetis Inc. | 0.31% | 56,210 | $8.8M | Reduce -3.4% |
| SCL Stepan Co. | 0.30% | 158,683 | $8.7M | New |
| EXEL Exelixis Inc. | 0.30% | 196,059 | $8.6M | Reduce -5.6% |
| BMY Bristol-Myers Squibb Co. | 0.30% | 184,849 | $8.6M | Reduce -14.8% |
| BRKR Bruker Corp. | 0.30% | 206,403 | $8.5M | Add +246.5% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.29% | 265,934 | $8.4M | Add +210.3% |
| PCH Potlatchdeltic Corp. | 0.29% | 215,101 | $8.3M | Add +66.6% |
| ALK Alaska Air Group Inc. | 0.29% | 166,321 | $8.2M | Reduce -0.6% |
| ADUS Addus Homecare Corp. | 0.29% | 71,443 | $8.2M | Reduce -1.9% |
Portfolio Sells Q1 2025 → Q2 2025
| MSCI MSCI Inc. | Reduce -95.6% | 0.05% | −0.96 |
| MA Mastercard Inc. Class A | Reduce -100.0% | 0.00% | −0.76 |
| UNH Unitedhealth Group Inc. | Reduce -27.5% | 0.61% | −0.75 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.69 |
| RBA RB Global Inc. | Reduce -42.9% | 0.88% | −0.51 |
| AWK American Water Works Co. Inc. | Reduce -26.8% | 1.26% | −0.50 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.49 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.38 |
| V Visa Inc. Class A | Reduce -51.9% | 0.35% | −0.34 |
| HCA HCA Healthcare Inc. | Reduce -35.1% | 0.98% | −0.33 |
| ALLE Allegion PLC | Reduce -44.7% | 0.57% | −0.33 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.32 |
| THG Hanover Insurance Group Inc./ | Sold out | 0.00% | −0.31 |
| TTC Toro Co. | Reduce -59.7% | 0.19% | −0.28 |
| NEE Nextera Energy Inc. | Reduce -10.5% | 2.49% | −0.25 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.24 |
| FNV Franco-Nevada Corp. | Reduce -91.5% | 0.02% | −0.23 |
| EVRG Evergy Inc. | Sold out | 0.00% | −0.21 |
| HON Honeywell International Inc. | Reduce -25.4% | 1.11% | −0.20 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.19 |
| DEI Douglas Emmett Inc. | Sold out | 0.00% | −0.19 |
| COLD Americold Realty Trust Inc. | Sold out | 0.00% | −0.19 |
| CVX Chevron Corp. | Reduce -1.3% | 1.25% | −0.18 |
| ABT Abbott Laboratories | Reduce -24.6% | 0.70% | −0.17 |
| EQIX Equinix Inc. | Reduce -25.0% | 0.52% | −0.17 |
| JD Jd.com Inc.-ADR | Reduce -10.0% | 0.46% | −0.16 |
| LHX L3HARRIS Technologies Inc. | Reduce -32.2% | 0.85% | −0.16 |
| FIVE Five Below | Sold out | 0.00% | −0.16 |
| EXLS Exlservice Holdings Inc. | Sold out | 0.00% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -14.8% | 0.30% | −0.15 |
| VALE Vale SA-SP ADR | Reduce -99.9% | 0.00% | −0.15 |
| TSN Tyson Foods Inc. Class A | Reduce -2.5% | 1.14% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.2% | 1.24% | −0.14 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.13 |
| XOM Exxon Mobil Corp. | Reduce -3.5% | 1.28% | −0.13 |
| PLD Prologis Inc. | Reduce -3.1% | 2.02% | −0.12 |
| KDP Keurig Dr Pepper Inc. | Reduce -16.9% | 0.58% | −0.12 |
| G Genpact Ltd. | Reduce -9.8% | 0.53% | −0.12 |
| HMN Horace Mann Educators | Sold out | 0.00% | −0.12 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.11 |
| EOG EOG Resources Inc. | Reduce -10.1% | 0.74% | −0.11 |
| OVV Ovintiv Inc. | Reduce -1.9% | 1.05% | −0.11 |
| JBTM JBT Marel Corp. | Reduce -23.4% | 0.39% | −0.11 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.11 |
| TFC Truist Financial Corp. | Reduce -13.2% | 1.51% | −0.10 |
| DOW Dow Inc. | Reduce -2.3% | 0.31% | −0.09 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -26.0% | 0.25% | −0.09 |
| SLB SLB Ltd. | Reduce -0.4% | 0.43% | −0.09 |
| AVA Avista Corp. | Reduce -44.0% | 0.09% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| GOOGL Alphabet Inc. Class A | Add +208.1% | 2.09% | +1.52 |
| PFE Pfizer Inc. | Add +46.5% | 1.99% | +0.62 |
| UPS United Parcel Service Class B | Add +1400.4% | 0.65% | +0.61 |
| UNP Union Pacific Corp. | Add +1247.4% | 0.64% | +0.60 |
| OSK Oshkosh Corp. | Add +172.8% | 0.82% | +0.58 |
| AU Anglogold Ashanti PLC | New | 0.45% | +0.45 |
| UBER Uber Technologies Inc. | New | 0.44% | +0.44 |
| SWK Stanley Black & Decker Inc. | Add +46.4% | 1.56% | +0.40 |
| AMD Advanced Micro Devices | Add +0.0% | 1.30% | +0.39 |
| APTV Aptiv PLC | Add +46.4% | 0.83% | +0.35 |
| CHRW C.H. Robinson Worldwide Inc. | Add +69.9% | 0.79% | +0.31 |
| LKFN Lakeland Financial Corp. | Add +87.0% | 0.61% | +0.30 |
| SCL Stepan Co. | New | 0.30% | +0.30 |
| LFUS Littelfuse Inc. | New | 0.28% | +0.28 |
| MGA Magna International Inc. | New | 0.27% | +0.27 |
| COO The Cooper Cos Inc. | New | 0.25% | +0.25 |
| MKSI MKS Inc. | Add +82.7% | 0.38% | +0.22 |
| UHS Universal Health Services-B | New | 0.22% | +0.22 |
| BRKR Bruker Corp. | Add +246.5% | 0.30% | +0.21 |
| MPWR Monolithic Power Systems Inc. | New | 0.21% | +0.21 |
| CZR Caesars Entertainment Inc. | Add +494.5% | 0.24% | +0.20 |
| YETI Yeti Holdings Inc. | Add +210.3% | 0.29% | +0.20 |
| FR First Industrial Realty TR | Add +103.1% | 0.41% | +0.19 |
| LUV Southwest Airlines Co. | New | 0.18% | +0.18 |
| WERN Werner Enterprises Inc. | Add +266.6% | 0.24% | +0.17 |
| BC Brunswick Corp. | New | 0.16% | +0.16 |
| CRM Salesforce Inc. | Add +22.8% | 0.64% | +0.14 |
| LYFT LYFT Inc. Class A | New | 0.14% | +0.14 |
| AEO American Eagle Outfitters | Add +357.0% | 0.18% | +0.14 |
| PVH PVH Corp. | New | 0.14% | +0.14 |
| TTD Trade Desk Inc./the Class A | New | 0.13% | +0.13 |
| ASH Ashland Inc. | Add +101.5% | 0.28% | +0.12 |
| DINO HF Sinclair Corp. | Add +62.7% | 0.23% | +0.12 |
| IQV Iqvia Holdings Inc. | Add +70.3% | 0.31% | +0.11 |
| WFC Wells Fargo & Co. | Add +1.3% | 0.67% | +0.10 |
| PZZA Papa John's Intl Inc. | New | 0.10% | +0.10 |
| AXTA Axalta Coating Systems Ltd. | Add +105.1% | 0.21% | +0.10 |
| AUB Atlantic Union Bankshares Co. | New | 0.10% | +0.10 |
| DAY Dayforce Inc. | New | 0.10% | +0.10 |
| PCH Potlatchdeltic Corp. | Add +66.6% | 0.29% | +0.09 |
| ICHR Ichor Holdings Ltd. | New | 0.09% | +0.09 |
| SWKS Skyworks Solutions Inc. | Add +32.9% | 0.22% | +0.08 |
| FMC FMC Corp. | Add +12.5% | 0.56% | +0.08 |
| MRVL Marvell Technology Inc. | Add +119.1% | 0.11% | +0.07 |
| HP Helmerich & Payne | Add +143.9% | 0.20% | +0.06 |
| ETN Eaton Corp. PLC | New | 0.06% | +0.06 |
| WGO Winnebago Industries | Add +50.6% | 0.25% | +0.06 |
| AXP American Express Co. | New | 0.05% | +0.05 |
| FCX Freeport-McMoran Inc. | New | 0.05% | +0.05 |
| RMD Resmed Inc. | New | 0.05% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| SOBO South Bow Corp. | COM | Sold out | 0 | $10before 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 | 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 |