NFJ Investment Group, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), NFJ Investment Group, LLC reported 265 stock positions worth $2.9 billion. Its top holding was Alexandria Real Estate Equit (ARE) at 3.3% of the portfolio, followed by Alphabet Class A (GOOGL, 2.8%) and Prologis (PLD, 2.8%). Compared with Q2 2025, it opened 29 new positions, sold out of 35, added to 41 and reduced 158. The biggest buy was Glacier Bancorp (GBCI, shares +1808%) and the biggest sale Marketaxess (MKTX, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001862664
- Portfolio Value
- $2.9B (Q3 2025)
- SEC Filing
- 0001628280-25-052136 ↗ filed Nov 14, 2025
Holdings Value
Holdings 265 stocks · $2.9B
| ARE Alexandria Real Estate Equit | 3.33% | 1,161,349 | $96.8M | Add +59.4% |
| GOOGL Alphabet Inc. Class A | 2.82% | 337,625 | $82.1M | Reduce -0.7% |
| PLD Prologis Inc. | 2.76% | 701,883 | $80.4M | Add +27.4% |
| NEE Nextera Energy Inc. | 2.58% | 995,211 | $75.1M | Reduce -3.4% |
| GBCI Glacier Bancorp Inc. | 2.06% | 1,229,232 | $59.8M | Add +1807.7% |
| PFE Pfizer Inc. | 2.04% | 2,333,714 | $59.5M | Reduce -0.8% |
| SWK Stanley Black & Decker Inc. | 1.94% | 761,337 | $56.6M | Add +15.0% |
| AMZN Amazon.com Inc. | 1.78% | 236,421 | $51.9M | Add +407.0% |
| CBSH Commerce Bancshares Inc. | 1.63% | 794,482 | $47.5M | Add +20.7% |
| SCHW Schwab (charles) Corp. | 1.56% | 475,381 | $45.4M | Add +81.8% |
| PNFP Pinnacle Financial Partners | 1.50% | 465,887 | $43.7M | Add +1659.2% |
| CBU Community Financial System I | 1.46% | 726,051 | $42.6M | Add +588.8% |
| UMBF Umb Financial Corp. | 1.45% | 357,720 | $42.3M | Add +1273.9% |
| REXR Rexford Industrial Realty Inc. | 1.45% | 1,028,632 | $42.3M | Reduce -38.2% |
| HD Home Depot Inc. | 1.44% | 103,314 | $41.9M | Add +20.4% |
| AMD Advanced Micro Devices | 1.43% | 256,635 | $41.5M | Reduce -2.3% |
| MRVL Marvell Technology Inc. | 1.40% | 486,153 | $40.9M | Add +1052.8% |
| JPM JPMorgan Chase & Co. | 1.38% | 127,508 | $40.2M | Reduce -4.2% |
| XOM Exxon Mobil Corp. | 1.29% | 332,254 | $37.5M | Reduce -2.0% |
| CVX Chevron Corp. | 1.26% | 236,884 | $36.8M | Reduce -5.6% |
| BLK BlackRock Inc. | 1.25% | 31,315 | $36.5M | Reduce -4.7% |
| INTU Intuit Inc. | 1.21% | 51,734 | $35.3M | Reduce -33.3% |
| INDB Independent Bank Corp. | 1.18% | 495,516 | $34.3M | Add +238.3% |
| TMO Thermo Fisher Scientific Inc. | 1.17% | 69,936 | $33.9M | Reduce -14.0% |
| CRM Salesforce Inc. | 1.15% | 140,863 | $33.4M | Add +109.8% |
| OVV Ovintiv Inc. | 1.10% | 794,243 | $32.1M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 63,175 | $31.8M | Reduce -13.5% |
| TSN Tyson Foods Inc. Class A | 1.08% | 578,004 | $31.4M | Reduce -1.3% |
| MSFT Microsoft Corp. | 1.06% | 59,790 | $31.0M | Reduce -2.2% |
| HCA HCA Healthcare Inc. | 1.05% | 71,803 | $30.6M | Reduce -2.1% |
| FFIN First Finl Bankshares Inc. | 1.05% | 908,366 | $30.6M | Add +76.5% |
| LKFN Lakeland Financial Corp. | 1.05% | 475,091 | $30.5M | Add +67.5% |
| USB US Bancorp | 1.01% | 608,537 | $29.4M | Reduce -9.7% |
| ABBV Abbvie Inc. | 1.01% | 126,622 | $29.3M | Add +67.4% |
| UBER Uber Technologies Inc. | 1.00% | 296,859 | $29.1M | Add +117.1% |
| WFC Wells Fargo & Co. | 0.99% | 344,429 | $28.9M | Add +43.8% |
| ONB Old National Bancorp | 0.98% | 1,304,742 | $28.6M | New |
| CHRW C.H. Robinson Worldwide Inc. | 0.96% | 210,450 | $27.9M | Reduce -10.8% |
| UHS Universal Health Services-B | 0.95% | 135,735 | $27.7M | Add +298.6% |
| TFC Truist Financial Corp. | 0.90% | 571,899 | $26.1M | Reduce -43.2% |
| HOMB Home Bancshares Inc. | 0.88% | 900,010 | $25.5M | New |
| BALL Ball Corp. | 0.86% | 497,921 | $25.1M | Reduce -2.1% |
| ES Eversource Energy | 0.85% | 347,301 | $24.7M | Reduce -65.7% |
| CADE Cadence Bank | 0.82% | 631,951 | $23.7M | Add +479.3% |
| MS Morgan Stanley | 0.79% | 144,003 | $22.9M | Reduce -12.5% |
| FLS Flowserve Corp. | 0.78% | 425,087 | $22.6M | New |
| AES AES Corp. | 0.76% | 1,682,463 | $22.1M | Add +2.2% |
| APTV Aptiv PLC | 0.76% | 256,069 | $22.1M | Reduce -26.9% |
| LLY Eli Lilly & Co. | 0.75% | 28,572 | $21.8M | Add +17.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 188,491 | $21.6M | Reduce -12.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.73% | 414,199 | $21.4M | Reduce -70.3% |
| PNC PNC Financial Services Group | 0.71% | 102,987 | $20.7M | Reduce -66.5% |
| C Citigroup Inc. | 0.70% | 199,667 | $20.3M | Reduce -15.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.69% | 581,837 | $20.0M | Add +59.1% |
| EOG EOG Resources Inc. | 0.68% | 176,785 | $19.8M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.65% | 79,645 | $18.8M | Reduce -0.6% |
| OSK Oshkosh Corp. | 0.64% | 143,485 | $18.6M | Reduce -30.7% |
| VEEV Veeva Systems Inc. Class A | 0.62% | 60,967 | $18.2M | Reduce -1.7% |
| RBA RB Global Inc. | 0.62% | 164,219 | $18.1M | Reduce -30.4% |
| EXEL Exelixis Inc. | 0.61% | 428,382 | $17.7M | Add +118.5% |
| JNJ Johnson & Johnson | 0.59% | 92,949 | $17.2M | Reduce -2.8% |
| AU Anglogold Ashanti PLC | 0.54% | 13,068 | $15.9M | Reduce -18.5% |
| A Agilent Technologies Inc. | 0.54% | 122,286 | $15.7M | Reduce -6.5% |
| UPS United Parcel Service Class B | 0.53% | 184,042 | $15.4M | Reduce -0.8% |
| JD Jd.com Inc.-ADR | 0.52% | 432,359 | $15.1M | Add +6.3% |
| WD Walker & Dunlop Inc. | 0.49% | 169,260 | $14.2M | Add +485.4% |
| INVH Invitation Homes Inc. | 0.46% | 458,708 | $13.5M | Reduce -38.3% |
| G Genpact Ltd. | 0.46% | 319,315 | $13.4M | Reduce -6.7% |
| FMC FMC Corp. | 0.44% | 384,173 | $12.9M | Reduce -0.6% |
| MKSI MKS Inc. | 0.43% | 101,719 | $12.6M | Reduce -7.3% |
| GS Goldman Sachs Group Inc. | 0.42% | 15,526 | $12.4M | Add +44.5% |
| FR First Industrial Realty TR | 0.42% | 239,466 | $12.3M | Reduce -1.6% |
| PAAS Pan American Silver Corp. | 0.40% | 300,946 | $11.7M | Reduce -11.5% |
| ALLE Allegion PLC | 0.38% | 63,169 | $11.2M | Reduce -44.0% |
| CTRA Coterra Energy Inc. | 0.38% | 468,535 | $11.1M | Reduce -0.4% |
| EFSC Enterprise Financial Service | 0.37% | 184,784 | $10.7M | Add +196.0% |
| JBTM JBT Marel Corp. | 0.36% | 75,571 | $10.6M | Reduce -19.6% |
| ISRG Intuitive Surgical Inc. | 0.35% | 22,911 | $10.2M | New |
| ADUS Addus Homecare Corp. | 0.35% | 85,456 | $10.1M | Add +19.6% |
| KALU Kaiser Aluminum Corp. | 0.34% | 127,604 | $9.8M | Add +1.5% |
| APH Amphenol Corp. Class A | 0.33% | 77,284 | $9.6M | No change |
| MTDR Matador Resources Co. | 0.32% | 205,672 | $9.2M | Reduce -30.9% |
| COST Costco Wholesale Corp. | 0.32% | 9,983 | $9.2M | No change |
| CFG Citizens Financial Group | 0.32% | 173,103 | $9.2M | Reduce -14.3% |
| SBAC SBA Communications Corp. | 0.31% | 46,270 | $8.9M | Reduce -53.4% |
| XYL Xylem Inc. | 0.30% | 59,955 | $8.8M | Reduce -25.7% |
| EQIX Equinix Inc. | 0.30% | 11,269 | $8.8M | Reduce -40.2% |
| PCH Potlatchdeltic Corp. | 0.30% | 212,691 | $8.7M | Reduce -1.1% |
| CSGP Costar Group Inc. | 0.29% | 101,225 | $8.5M | Reduce -15.6% |
| HP Helmerich & Payne | 0.29% | 382,355 | $8.4M | Reduce -0.7% |
| LFUS Littelfuse Inc. | 0.28% | 31,883 | $8.3M | Reduce -8.4% |
| BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP | 0.28% | 122,758 | $8.1M | New |
| LYFT LYFT Inc. Class A | 0.28% | 365,407 | $8.0M | Add +45.0% |
| WGO Winnebago Industries | 0.27% | 237,718 | $7.9M | Reduce -3.9% |
| MGA Magna International Inc. | 0.27% | 165,868 | $7.9M | Reduce -15.8% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.27% | 234,596 | $7.8M | Reduce -11.8% |
| ALK Alaska Air Group Inc. | 0.26% | 152,819 | $7.6M | Reduce -8.1% |
| ASH Ashland Inc. | 0.26% | 157,019 | $7.5M | Reduce -1.8% |
| SCL Stepan Co. | 0.26% | 156,926 | $7.5M | Reduce -1.1% |
| MPWR Monolithic Power Systems Inc. | 0.25% | 7,973 | $7.3M | Reduce -1.6% |
Portfolio Sells Q2 2025 → Q3 2025
| MKTX Marketaxess Holdings Inc. | Reduce -100.0% | 0.00% | −1.64 |
| BAC Bank of America Corp. | Reduce -70.3% | 0.73% | −1.57 |
| ES Eversource Energy | Reduce -65.7% | 0.85% | −1.40 |
| PNC PNC Financial Services Group | Reduce -66.5% | 0.71% | −1.29 |
| AWK American Water Works Co. Inc. | Reduce -100.0% | 0.00% | −1.25 |
| HON Honeywell International Inc. | Sold out | 0.00% | −1.11 |
| CCI Crown Castle Inc. | Reduce -99.9% | 0.00% | −1.10 |
| INTU Intuit Inc. | Reduce -33.3% | 1.21% | −0.92 |
| LHX L3HARRIS Technologies Inc. | Reduce -99.9% | 0.00% | −0.85 |
| JKHY Jack Henry & Associates Inc. | Reduce -99.9% | 0.00% | −0.81 |
| MDT Medtronic PLC | Reduce -99.9% | 0.00% | −0.74 |
| REXR Rexford Industrial Realty Inc. | Reduce -38.2% | 1.45% | −0.61 |
| TFC Truist Financial Corp. | Reduce -43.2% | 0.90% | −0.61 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.61 |
| KDP Keurig Dr Pepper Inc. | Reduce -99.9% | 0.00% | −0.58 |
| SBAC SBA Communications Corp. | Reduce -53.4% | 0.31% | −0.51 |
| ABT Abbott Laboratories | Reduce -67.0% | 0.22% | −0.47 |
| AMT American Tower Corp. | Reduce -66.8% | 0.19% | −0.47 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.41 |
| INVH Invitation Homes Inc. | Reduce -38.3% | 0.46% | −0.39 |
| SBUX Starbucks Corp. | Reduce -99.9% | 0.00% | −0.35 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.35 |
| TRU Transunion | Reduce -99.8% | 0.00% | −0.33 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −0.32 |
| GMED Globus Medical Inc. Class A | Reduce -99.9% | 0.00% | −0.32 |
| DOW Dow Inc. | Sold out | 0.00% | −0.31 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.30 |
| RBA RB Global Inc. | Reduce -30.4% | 0.62% | −0.26 |
| APD Air Products & Chemicals Inc. | Reduce -99.8% | 0.00% | −0.25 |
| AME Ametek Inc. | Sold out | 0.00% | −0.25 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.24 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.23 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.22 |
| EQIX Equinix Inc. | Reduce -40.2% | 0.30% | −0.22 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -99.9% | 0.00% | −0.21 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.20 |
| DIS The Walt Disney Co. | Reduce -12.4% | 0.74% | −0.19 |
| AEO American Eagle Outfitters | Sold out | 0.00% | −0.18 |
| ALLE Allegion PLC | Reduce -44.0% | 0.38% | −0.18 |
| OSK Oshkosh Corp. | Reduce -30.7% | 0.64% | −0.18 |
| MTDR Matador Resources Co. | Reduce -30.9% | 0.32% | −0.18 |
| BMY Bristol-Myers Squibb Co. | Reduce -52.0% | 0.14% | −0.16 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.5% | 1.09% | −0.15 |
| PVH PVH Corp. | Sold out | 0.00% | −0.14 |
| BALL Ball Corp. | Reduce -2.1% | 0.86% | −0.13 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.13 |
| UPS United Parcel Service Class B | Reduce -0.8% | 0.53% | −0.12 |
| FMC FMC Corp. | Reduce -0.6% | 0.44% | −0.12 |
| IQV Iqvia Holdings Inc. | Reduce -47.8% | 0.19% | −0.12 |
Portfolio Buys Q2 2025 → Q3 2025
| GBCI Glacier Bancorp Inc. | Add +1807.7% | 2.06% | +1.96 |
| ARE Alexandria Real Estate Equit | Add +59.4% | 3.33% | +1.48 |
| AMZN Amazon.com Inc. | Add +407.0% | 1.78% | +1.43 |
| PNFP Pinnacle Financial Partners | Add +1659.2% | 1.50% | +1.40 |
| UMBF Umb Financial Corp. | Add +1273.9% | 1.45% | +1.36 |
| MRVL Marvell Technology Inc. | Add +1052.8% | 1.40% | +1.29 |
| CBU Community Financial System I | Add +588.8% | 1.46% | +1.25 |
| ONB Old National Bancorp | New | 0.98% | +0.98 |
| HOMB Home Bancshares Inc. | New | 0.88% | +0.88 |
| INDB Independent Bank Corp. | Add +238.3% | 1.18% | +0.86 |
| FLS Flowserve Corp. | New | 0.78% | +0.78 |
| PLD Prologis Inc. | Add +27.4% | 2.76% | +0.74 |
| UHS Universal Health Services-B | Add +298.6% | 0.95% | +0.74 |
| SCHW Schwab (charles) Corp. | Add +81.8% | 1.56% | +0.73 |
| CADE Cadence Bank | Add +479.3% | 0.82% | +0.69 |
| UBER Uber Technologies Inc. | Add +117.1% | 1.00% | +0.55 |
| ABBV Abbvie Inc. | Add +67.4% | 1.01% | +0.52 |
| CRM Salesforce Inc. | Add +109.8% | 1.15% | +0.51 |
| LKFN Lakeland Financial Corp. | Add +67.5% | 1.05% | +0.44 |
| WD Walker & Dunlop Inc. | Add +485.4% | 0.49% | +0.42 |
| FFIN First Finl Bankshares Inc. | Add +76.5% | 1.05% | +0.40 |
| SWK Stanley Black & Decker Inc. | Add +15.0% | 1.94% | +0.38 |
| ISRG Intuitive Surgical Inc. | New | 0.35% | +0.35 |
| HD Home Depot Inc. | Add +20.4% | 1.44% | +0.34 |
| WFC Wells Fargo & Co. | Add +43.8% | 0.99% | +0.32 |
| EXEL Exelixis Inc. | Add +118.5% | 0.61% | +0.31 |
| BOH Bank of Hawaii Corp. | New | 0.28% | +0.28 |
| SLB SLB Ltd. | Add +59.1% | 0.69% | +0.26 |
| EFSC Enterprise Financial Service | Add +196.0% | 0.37% | +0.25 |
| LGIH Lgi Homes Inc. | Add +916.3% | 0.24% | +0.22 |
| MLI Mueller Industries Inc. | New | 0.22% | +0.22 |
| CBSH Commerce Bancshares Inc. | Add +20.7% | 1.63% | +0.20 |
| TREX Trex Company Inc. | New | 0.16% | +0.16 |
| ADBE Adobe Inc. | Add +569.7% | 0.19% | +0.16 |
| GS Goldman Sachs Group Inc. | Add +44.5% | 0.42% | +0.16 |
| AES AES Corp. | Add +2.2% | 0.76% | +0.16 |
| LYFT LYFT Inc. Class A | Add +45.0% | 0.28% | +0.14 |
| MOS The Mosaic Co. | New | 0.10% | +0.10 |
| CF CF Industries Holdings Inc. | New | 0.10% | +0.10 |
| VIAV Viavi Solutions Inc. | New | 0.10% | +0.10 |
| NRDS Nerdwallet Inc. Class A | New | 0.10% | +0.10 |
| PENN Penn Entertainment Inc. | New | 0.10% | +0.10 |
| OKTA Okta Inc. | New | 0.09% | +0.09 |
| FOLD Amicus Therapeutics Inc. | New | 0.09% | +0.09 |
| LLY Eli Lilly & Co. | Add +17.3% | 0.75% | +0.09 |
| MTB M & T Bank Corp. | Add +73.8% | 0.20% | +0.08 |
| TWLO Twilio Inc. Class A | New | 0.08% | +0.08 |
| ADUS Addus Homecare Corp. | Add +19.6% | 0.35% | +0.06 |
| JD Jd.com Inc.-ADR | Add +6.3% | 0.52% | +0.06 |
| OVV Ovintiv Inc. | Add +0.4% | 1.10% | +0.05 |
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 |