NJ State Employees Deferred Compensation Plan

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), NJ State Employees Deferred Compensation Plan reported 462 stock positions worth $822.9 million. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Nvidia (NVDA, 4.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 16, added to 1 and reduced 19. The biggest buy was Conocophillips (COP, shares +20%) and the biggest sale Walmart (WMT, shares −29%).

Most Recent 13F
Q2 2026
Location
TRENTON, NJ
CIK
0001483259
Portfolio Value
$822.9M (Q4 2024)
SEC Filing
0001085146-25-000859 ↗ filed Feb 6, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $789.5M Q1 2024 Q2 2024: $804.2M Q2 2024 Q3 2024: $842.0M Q3 2024 Q4 2024: $822.9M $822.9M Q4 2024 Q1 2025: $779.3M Q1 2025 Q2 2025: $846.4M Q2 2025 Q3 2025: $906.3M Q3 2025 Q4 2025: $0 Q4 2025 Q1 2026: $0 Q1 2026 Q2 2026: $0 Q2 2026

Holdings 462 stocks · $822.9M
AAPL Apple Inc. 7.16% 235,300 $58.9M Reduce -4.8%
MSFT Microsoft Corp. 6.04% 117,900 $49.7M Reduce -1.3%
NVDA Nvidia Corp. 4.83% 296,000 $39.7M No change
AMZN Amazon.com Inc. 3.86% 144,900 $31.8M Reduce -2.4%
GOOG Alphabet Inc. Class C 2.54% 109,800 $20.9M Reduce -3.2%
META Meta Platforms Inc. Class A 2.31% 32,400 $19.0M Reduce -3.6%
JPM JPMorgan Chase & Co. 1.78% 61,000 $14.6M No change
LLY Eli Lilly & Co. 1.61% 17,160 $13.2M No change
GOOGL Alphabet Inc. Class A 1.32% 57,600 $10.9M No change
AXP American Express Co. 1.14% 31,600 $9.4M No change
XOM Exxon Mobil Corp. 0.99% 75,417 $8.1M No change
MRK Merck & Co. Inc. 0.97% 80,252 $8.0M No change
JNJ Johnson & Johnson 0.94% 53,699 $7.8M No change
GS Goldman Sachs Group Inc. 0.94% 13,550 $7.8M No change
WMT Walmart Inc. 0.94% 85,500 $7.7M Reduce -28.8%
ORCL Oracle Corp. 0.89% 44,000 $7.3M Reduce -12.0%
PG The Procter & Gamble Co. 0.84% 41,300 $6.9M Reduce -9.6%
COST Costco Wholesale Corp. 0.80% 7,200 $6.6M Reduce -7.7%
CMG Chipotle Mexican Grill Inc. 0.73% 99,300 $6.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.71% 12,900 $5.8M No change
FTAI Ftai Aviation Ltd. 0.70% 40,000 $5.8M No change
CSCO Cisco Systems Inc. 0.70% 97,000 $5.7M No change
WFC Wells Fargo & Co. 0.66% 77,000 $5.4M No change
AMAT Applied Materials Inc. 0.62% 31,200 $5.1M No change
MSI Motorola Solutions Inc. 0.60% 10,771 $5.0M Reduce -8.5%
MCD McDonald's Corp. 0.58% 16,493 $4.8M No change
RTX RTX Corp. 0.58% 41,215 $4.8M No change
CMCSA Comcast Corp. Class A 0.58% 127,000 $4.8M No change
KLAC KLA Corp. 0.57% 7,500 $4.7M Reduce -8.5%
AMT American Tower Corp. 0.56% 25,200 $4.6M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.56% 60,038 $4.6M No change
QCOM Qualcomm Inc. 0.56% 30,000 $4.6M No change
LRCX Lam Research Corp. 0.56% 63,250 $4.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.53% 20,000 $4.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.52% 38,700 $4.3M No change
UNP Union Pacific Corp. 0.52% 18,700 $4.3M No change
PM Philip Morris International 0.51% 35,200 $4.2M Reduce -7.4%
DFS Discover Financial Services 0.51% 24,350 $4.2M No change
BSX Boston Scientific Corp. 0.51% 47,000 $4.2M Reduce -14.6%
LIN Linde PLC 0.49% 9,700 $4.1M No change
DE Deere & Co. 0.47% 9,100 $3.9M No change
CVX Chevron Corp. 0.46% 26,393 $3.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.46% 86,582 $3.8M No change
ABT Abbott Laboratories 0.45% 32,854 $3.7M No change
LOW Lowe's Cos Inc. 0.44% 14,700 $3.6M No change
EFX Equifax Inc. 0.42% 13,700 $3.5M No change
KO The Coca-Cola Co. 0.39% 52,000 $3.2M Reduce -17.5%
PH Parker Hannifin Corp. 0.39% 5,000 $3.2M No change
TMO Thermo Fisher Scientific Inc. 0.38% 6,000 $3.1M No change
HD Home Depot Inc. 0.38% 8,000 $3.1M No change
HON Honeywell International Inc. 0.37% 13,600 $3.1M No change
RSG Republic Services Inc. 0.37% 15,000 $3.0M No change
MRSH Marsh & McLennan Cos 0.36% 14,100 $3.0M No change
COP Conocophillips 0.36% 30,100 $3.0M Add +20.4%
NSC Norfolk Southern Corp. 0.36% 12,700 $3.0M No change
SEIC Sei Investments Company 0.35% 35,400 $2.9M No change
NEE Nextera Energy Inc. 0.35% 40,000 $2.9M No change
MCHP Microchip Technology Inc. 0.35% 50,000 $2.9M No change
NOC Northrop Grumman Corp. 0.35% 6,100 $2.9M No change
ROK Rockwell Automation Inc. 0.35% 10,000 $2.9M No change
MCK McKesson Corp. 0.35% 5,000 $2.8M No change
GE General Electric filed as GE AEROSPACE 0.35% 17,028 $2.8M No change
LMB Limbach Holdings Inc. 0.34% 33,000 $2.8M No change
YUM Yum! Brands Inc. 0.34% 21,000 $2.8M No change
SNPS Synopsys Inc. 0.34% 5,742 $2.8M No change
TGTX TG Therapeutics Inc. 0.34% 91,600 $2.8M No change
MTSI Macom Technology Solutions H 0.33% 21,000 $2.7M No change
CDNS Cadence Design SYS Inc. 0.33% 9,050 $2.7M No change
ABBV Abbvie Inc. 0.32% 14,964 $2.7M Reduce -21.1%
TMUS T-Mobile US Inc. 0.32% 11,962 $2.6M Reduce -14.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.32% 23,000 $2.6M No change
VZ Verizon Communications Inc. 0.32% 65,000 $2.6M No change
USB US Bancorp 0.31% 53,500 $2.6M No change
MU Micron Technology Inc. 0.31% 30,000 $2.5M No change
SCHW Schwab (charles) Corp. 0.30% 33,800 $2.5M No change
CB Chubb Ltd. 0.30% 9,028 $2.5M No change
BMY Bristol-Myers Squibb Co. 0.30% 43,884 $2.5M No change
PNC PNC Financial Services Group 0.28% 11,900 $2.3M No change
EME Emcor Group Inc. 0.28% 5,000 $2.3M No change
PEP Pepsico Inc. 0.27% 14,751 $2.2M No change
GD General Dynamics Corp. 0.27% 8,500 $2.2M No change
T AT&T Inc. 0.27% 97,689 $2.2M No change
AVGO Broadcom Inc. 0.26% 9,360 $2.2M No change
PYPL PayPal Holdings Inc. 0.26% 25,000 $2.1M No change
AMGN Amgen Inc. 0.25% 8,000 $2.1M No change
FRPT Freshpet Inc. 0.25% 14,000 $2.1M No change
AMD Advanced Micro Devices 0.25% 17,000 $2.1M No change
UNM Unum Group 0.25% 28,000 $2.0M No change
CVS CVS Health Corp. 0.24% 43,766 $2.0M No change
MPC Marathon Petroleum Corp. 0.23% 13,800 $1.9M No change
WMB Williams Cos Inc. 0.23% 35,000 $1.9M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.23% 11,000 $1.9M No change
AVY Avery Dennison Corp. 0.23% 10,000 $1.9M No change
KLIC Kulicke & Soffa Industries 0.23% 40,000 $1.9M No change
AFL Aflac Inc. 0.23% 18,000 $1.9M No change
THC Tenet Healthcare Corp. 0.23% 14,700 $1.9M Reduce -8.1%
KEYS Keysight Technologies Inc. 0.23% 11,542 $1.9M No change
ALL Allstate Corp. 0.23% 9,610 $1.9M No change
AVB Avalonbay Communities Inc. 0.22% 8,407 $1.8M No change
ZTS Zoetis Inc. 0.22% 11,178 $1.8M No change

Show all 462 holdings

Portfolio Sells Q3 2024 → Q4 2024
WMT Walmart Inc. Reduce -28.8% 0.94% −0.21
KLAC KLA Corp. Reduce -8.5% 0.57% −0.18
KO The Coca-Cola Co. Reduce -17.5% 0.39% −0.14
MDLZ Mondelez International Inc. Class A Reduce -33.8% 0.17% −0.14
ABBV Abbvie Inc. Reduce -21.1% 0.32% −0.12
ORCL Oracle Corp. Reduce -12.0% 0.89% −0.12
CL Colgate-Palmolive Co. Reduce -48.4% 0.09% −0.11
PG The Procter & Gamble Co. Reduce -9.6% 0.84% −0.10
THC Tenet Healthcare Corp. Reduce -8.1% 0.23% −0.09
HAYN Haynes International Inc. Sold out 0.00% −0.07
MSFT Microsoft Corp. Reduce -1.3% 6.04% −0.07
MRO Marathon Oil Corp. Sold out 0.00% −0.06
PETQ Petiq Inc. Sold out 0.00% −0.06
UHS Universal Health Services-B Sold out 0.00% −0.05
MGPI MGP Ingredients Inc. Sold out 0.00% −0.04
BSX Boston Scientific Corp. Reduce -14.6% 0.51% −0.04
PM Philip Morris International Reduce -7.4% 0.51% −0.03
SWN Southwestern Energy Co. Sold out 0.00% −0.03
ACLS Axcelis Technologies Inc. Sold out 0.00% −0.03
ARW Arrow Electronics Inc. Sold out 0.00% −0.03
BAX Baxter International Inc. Sold out 0.00% −0.03
MAN Manpowergroup Inc. Sold out 0.00% −0.03
DOC Healthpeak Properties Inc. Sold out 0.00% −0.03
PFG Principal Financial Group Sold out 0.00% −0.03
VLTO Veralto Corp. Sold out 0.00% −0.03
PPLI People Inc. Sold out 0.00% −0.02
TMUS T-Mobile US Inc. Reduce -14.9% 0.32% −0.02
MSI Motorola Solutions Inc. Reduce -8.5% 0.60% −0.02
COST Costco Wholesale Corp. Reduce -7.7% 0.80% −0.02
GLATFELTER CORP Sold out 0.00% −0.00
SAVEQ Spirit Airlines Inc. Sold out 0.00% −0.00
META Meta Platforms Inc. Class A Reduce -3.6% 2.31% +0.02
GOOG Alphabet Inc. Class C Reduce -3.2% 2.54% +0.29
AAPL Apple Inc. Reduce -4.8% 7.16% +0.32
AMZN Amazon.com Inc. Reduce -2.4% 3.86% +0.58

Portfolio Buys Q3 2024 → Q4 2024
COP Conocophillips Add +20.4% 0.36% +0.05
EXE Expand Energy Corp. New 0.04% +0.04
NTGR Netgear Inc. New 0.03% +0.03
RAMP Liveramp Holdings Inc. New 0.03% +0.03
RMBS Rambus Inc. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 0$0
Q1 2026 0$0
Q4 2025 0$0
Q3 2025 437$906.3MMSFT, AAPL, NVDA, AMZN, GOOG
Q2 2025 437$846.4MMSFT, AAPL, NVDA, AMZN, META
Q1 2025 444$779.3MAAPL, MSFT, NVDA, AMZN, META
Q4 2024 462$822.9MAAPL, MSFT, NVDA, AMZN, GOOG
Q3 2024 474$842.0MAAPL, MSFT, NVDA, AMZN, META
Q2 2024 473$804.2MMSFT, AAPL, NVDA, AMZN, GOOG
Q1 2024 481$789.5MMSFT, AAPL, AMZN, NVDA, GOOG