NJ State Employees Deferred Compensation Plan

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), NJ State Employees Deferred Compensation Plan reported 444 stock positions worth $779.3 million. Its top holding was Apple (AAPL) at 6.6% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Nvidia (NVDA, 4.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 20, added to 1 and reduced 12. The biggest buy was a new position in Principal Financial (PFG) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
TRENTON, NJ
CIK
0001483259
Portfolio Value
$779.3M (Q1 2025)
SEC Filing
0001085146-25-002855 ↗ filed May 9, 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 Q4 2024 Q1 2025: $779.3M $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 444 stocks · $779.3M
AAPL Apple Inc. 6.64% 233,000 $51.8M Reduce -1.0%
MSFT Microsoft Corp. 5.55% 115,300 $43.3M Reduce -2.2%
NVDA Nvidia Corp. 4.12% 296,000 $32.1M No change
AMZN Amazon.com Inc. 3.47% 142,200 $27.1M Reduce -1.9%
META Meta Platforms Inc. Class A 2.40% 32,400 $18.7M No change
GOOG Alphabet Inc. Class C 2.15% 107,000 $16.7M Reduce -2.5%
JPM JPMorgan Chase & Co. 1.92% 61,000 $15.0M No change
LLY Eli Lilly & Co. 1.82% 17,160 $14.2M No change
XOM Exxon Mobil Corp. 1.15% 75,417 $9.0M No change
GOOGL Alphabet Inc. Class A 1.14% 57,600 $8.9M No change
JNJ Johnson & Johnson 1.14% 53,699 $8.9M No change
AXP American Express Co. 1.09% 31,600 $8.5M No change
GS Goldman Sachs Group Inc. 0.95% 13,550 $7.4M No change
MRK Merck & Co. Inc. 0.92% 80,252 $7.2M No change
PG The Procter & Gamble Co. 0.90% 41,300 $7.0M No change
WMT Walmart Inc. 0.88% 78,300 $6.9M Reduce -8.4%
BRK.B Berkshire Hathaway Inc. Class B 0.88% 12,900 $6.9M No change
COST Costco Wholesale Corp. 0.87% 7,200 $6.8M No change
CSCO Cisco Systems Inc. 0.77% 97,000 $6.0M No change
ORCL Oracle Corp. 0.73% 40,500 $5.7M Reduce -8.0%
PM Philip Morris International 0.72% 35,200 $5.6M No change
WFC Wells Fargo & Co. 0.71% 77,000 $5.5M No change
AMT American Tower Corp. 0.70% 25,200 $5.5M No change
RTX RTX Corp. 0.70% 41,215 $5.5M No change
MCD McDonald's Corp. 0.66% 16,493 $5.2M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.65% 60,038 $5.0M No change
CMG Chipotle Mexican Grill Inc. 0.64% 99,300 $5.0M No change
BSX Boston Scientific Corp. 0.61% 47,000 $4.7M No change
MSI Motorola Solutions Inc. 0.61% 10,771 $4.7M No change
CMCSA Comcast Corp. Class A 0.60% 127,000 $4.7M No change
KLAC KLA Corp. 0.59% 6,800 $4.6M Reduce -9.3%
QCOM Qualcomm Inc. 0.59% 30,000 $4.6M No change
LRCX Lam Research Corp. 0.59% 63,250 $4.6M No change
AMAT Applied Materials Inc. 0.58% 31,200 $4.5M No change
LIN Linde PLC 0.58% 9,700 $4.5M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.57% 17,800 $4.4M Reduce -11.0%
UNP Union Pacific Corp. 0.57% 18,700 $4.4M No change
CVX Chevron Corp. 0.57% 26,393 $4.4M No change
ABT Abbott Laboratories 0.56% 32,854 $4.4M No change
DE Deere & Co. 0.55% 9,100 $4.3M No change
DFS Discover Financial Services 0.53% 24,350 $4.2M No change
FTAI Ftai Aviation Ltd. 0.51% 36,000 $4.0M Reduce -10.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.49% 38,700 $3.8M No change
RSG Republic Services Inc. 0.47% 15,000 $3.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.46% 86,582 $3.6M No change
TGTX TG Therapeutics Inc. 0.46% 91,600 $3.6M No change
MRSH Marsh & McLennan Cos 0.44% 14,100 $3.4M No change
LOW Lowe's Cos Inc. 0.44% 14,700 $3.4M No change
GE General Electric filed as GE AEROSPACE 0.44% 17,028 $3.4M No change
KO The Coca-Cola Co. 0.43% 47,200 $3.4M Reduce -9.2%
MCK McKesson Corp. 0.43% 5,000 $3.4M No change
EFX Equifax Inc. 0.43% 13,700 $3.3M No change
YUM Yum! Brands Inc. 0.42% 21,000 $3.3M No change
COP Conocophillips 0.41% 30,100 $3.2M No change
ABBV Abbvie Inc. 0.40% 14,964 $3.1M No change
NOC Northrop Grumman Corp. 0.40% 6,100 $3.1M No change
PH Parker Hannifin Corp. 0.39% 5,000 $3.0M No change
NSC Norfolk Southern Corp. 0.39% 12,700 $3.0M No change
TMO Thermo Fisher Scientific Inc. 0.38% 6,000 $3.0M No change
CVS CVS Health Corp. 0.38% 43,766 $3.0M No change
VZ Verizon Communications Inc. 0.38% 65,000 $2.9M No change
HD Home Depot Inc. 0.38% 8,000 $2.9M No change
HON Honeywell International Inc. 0.37% 13,600 $2.9M No change
TMUS T-Mobile US Inc. 0.36% 10,662 $2.8M Reduce -10.9%
NEE Nextera Energy Inc. 0.36% 40,000 $2.8M No change
T AT&T Inc. 0.35% 97,689 $2.8M No change
SEIC Sei Investments Company 0.35% 35,400 $2.7M No change
CB Chubb Ltd. 0.35% 9,028 $2.7M No change
BMY Bristol-Myers Squibb Co. 0.34% 43,884 $2.7M No change
SCHW Schwab (charles) Corp. 0.34% 33,800 $2.6M No change
MU Micron Technology Inc. 0.33% 30,000 $2.6M No change
ROK Rockwell Automation Inc. 0.33% 10,000 $2.6M No change
SNPS Synopsys Inc. 0.32% 5,742 $2.5M No change
LMB Limbach Holdings Inc. 0.32% 33,000 $2.5M No change
MCHP Microchip Technology Inc. 0.31% 50,000 $2.4M No change
GD General Dynamics Corp. 0.30% 8,500 $2.3M No change
CDNS Cadence Design SYS Inc. 0.30% 9,050 $2.3M No change
UNM Unum Group 0.29% 28,000 $2.3M No change
USB US Bancorp 0.29% 53,500 $2.3M No change
COR Cencora Inc. 0.29% 7,996 $2.2M No change
PEP Pepsico Inc. 0.28% 14,751 $2.2M No change
AMGN Amgen Inc. 0.28% 7,000 $2.2M Reduce -12.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.27% 23,000 $2.1M No change
MTSI Macom Technology Solutions H 0.27% 21,000 $2.1M No change
PNC PNC Financial Services Group 0.27% 11,900 $2.1M No change
WMB Williams Cos Inc. 0.27% 35,000 $2.1M No change
CVCO Cavco Industries Inc. 0.27% 4,000 $2.1M No change
MPC Marathon Petroleum Corp. 0.26% 13,800 $2.0M No change
AFL Aflac Inc. 0.26% 18,000 $2.0M No change
ALL Allstate Corp. 0.26% 9,610 $2.0M No change
THC Tenet Healthcare Corp. 0.25% 14,700 $2.0M No change
HL Hecla Mining Co. 0.25% 345,000 $1.9M No change
AZO AutoZone Inc. 0.24% 500 $1.9M No change
INTC Intel Corp. 0.24% 83,000 $1.9M No change
EME Emcor Group Inc. 0.24% 5,000 $1.8M No change
ZTS Zoetis Inc. 0.24% 11,178 $1.8M No change
JOE The St Joe Co. 0.23% 39,000 $1.8M No change
AVB Avalonbay Communities Inc. 0.23% 8,407 $1.8M No change
DUK Duke Energy Corp. 0.23% 14,733 $1.8M No change
AVY Avery Dennison Corp. 0.23% 10,000 $1.8M No change

Show all 444 holdings

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -1.0% 6.64% −0.52
MSFT Microsoft Corp. Reduce -2.2% 5.55% −0.48
GOOG Alphabet Inc. Class C Reduce -2.5% 2.15% −0.40
AMZN Amazon.com Inc. Reduce -1.9% 3.47% −0.39
FTAI Ftai Aviation Ltd. Reduce -10.0% 0.51% −0.19
ORCL Oracle Corp. Reduce -8.0% 0.73% −0.16
ALTR Altair Engineering Inc. Class A Sold out 0.00% −0.16
SUM Summit Materials Inc. Class A Sold out 0.00% −0.15
ALTM Arcadium Lithium PLC Sold out 0.00% −0.07
WMT Walmart Inc. Reduce -8.4% 0.88% −0.06
FIVN FIVE9 Inc. Sold out 0.00% −0.03
STCN Steel Connect Inc. Sold out 0.00% −0.03
ILMN Illumina Inc. Sold out 0.00% −0.03
ROG Rogers Corp. Sold out 0.00% −0.03
KBR KBR Inc. Sold out 0.00% −0.03
CCOI Cogent Communications Holdin Sold out 0.00% −0.03
FLR Fluor Corp. Sold out 0.00% −0.03
NTGR Netgear Inc. Sold out 0.00% −0.03
FORM Formfactor Inc. Sold out 0.00% −0.03
RAMP Liveramp Holdings Inc. Sold out 0.00% −0.03
RHP Ryman Hospitality Properties Sold out 0.00% −0.03
NYT New York Times Co. Class A Sold out 0.00% −0.03
AAT American Assets Trust Inc. Sold out 0.00% −0.03
WHD Cactus Inc. Class A Sold out 0.00% −0.02
SCWX Secureworks Corp. Class A Sold out 0.00% −0.01
RVNC Revance Therapeutics Inc. Sold out 0.00% −0.01
CUTRQ Cutera Inc. Sold out 0.00% −0.00
KLAC KLA Corp. Reduce -9.3% 0.59% +0.02
AMGN Amgen Inc. Reduce -12.5% 0.28% +0.03
IBM Intl Business Machines Corp. Reduce -11.0% 0.57% +0.03
KO The Coca-Cola Co. Reduce -9.2% 0.43% +0.04
TMUS T-Mobile US Inc. Reduce -10.9% 0.36% +0.04

Portfolio Buys Q4 2024 → Q1 2025
PFG Principal Financial Group New 0.03% +0.03
BAX Baxter International Inc. New 0.03% +0.03
VKTX Viking Therapeutics Inc. Add +26.3% 0.15% −0.04

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