Pinebridge Investments, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Pinebridge Investments, L.P. reported 712 stock positions worth $12.6 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Nvidia (NVDA, 4.5%). Compared with Q4 2024, it opened 136 new positions, sold out of 131, added to 192 and reduced 373. The biggest buy was Yum China (YUMC, shares +66%) and the biggest sale Nvidia (NVDA, shares −15%).
- Most Recent 13F
- Q3 2025
- Location
- NEW YORK, NY
- CIK
- 0001531721
- Portfolio Value
- $12.6B (Q1 2025)
- SEC Filing
- 0000950123-25-005086 ↗ filed May 14, 2025
Holdings Value
Holdings 712 stocks · $12.6B
| AAPL Apple Inc. | 5.51% | 3,116,882 | $692.4M | Add +9.5% |
| MSFT Microsoft Corp. | 5.49% | 1,839,927 | $690.7M | Reduce -1.9% |
| NVDA Nvidia Corp. | 4.53% | 5,254,693 | $569.5M | Reduce -14.6% |
| JPM JPMorgan Chase & Co. | 3.17% | 1,626,695 | $399.0M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 2.87% | 1,894,615 | $360.5M | Add +3.5% |
| META Meta Platforms Inc. Class A | 2.70% | 588,149 | $339.0M | Add +23.4% |
| SHY iShares 1-3 Year Treasury Bo | 2.37% | 3,598,600 | $297.7M | Reduce -5.9% |
| YUMC Yum China Holdings Inc. | 2.10% | 655,597 | $264.3M | Add +66.1% |
| GOOGL Alphabet Inc. Class A | 1.86% | 1,514,496 | $234.2M | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.66% | 391,422 | $208.5M | Reduce -7.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.22% | 3,682,136 | $153.7M | Add +11.9% |
| XOM Exxon Mobil Corp. | 1.08% | 1,140,827 | $135.7M | Reduce -8.2% |
| GS Goldman Sachs Group Inc. | 1.07% | 246,524 | $134.7M | Add +26.0% |
| AVGO Broadcom Inc. | 1.04% | 778,873 | $130.4M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 1.02% | 816,880 | $127.6M | Reduce -3.9% |
| UNP Union Pacific Corp. | 0.95% | 505,907 | $119.5M | Add +5.4% |
| MSI Motorola Solutions Inc. | 0.87% | 250,723 | $109.8M | Add +17.2% |
| WFC Wells Fargo & Co. | 0.87% | 1,518,523 | $109.0M | Reduce -3.0% |
| MA Mastercard Inc. Class A | 0.85% | 195,540 | $107.2M | Add +6.3% |
| TSLA Tesla Inc. | 0.82% | 397,582 | $103.0M | Add +2.3% |
| FTNT Fortinet Inc. | 0.79% | 1,026,788 | $98.8M | Add +111.0% |
| WMT Walmart Inc. | 0.75% | 1,072,808 | $94.2M | Add +13.9% |
| PEP Pepsico Inc. | 0.74% | 616,887 | $92.5M | Reduce -2.7% |
| V Visa Inc. Class A | 0.73% | 261,293 | $91.6M | Add +10.0% |
| HON Honeywell International Inc. | 0.71% | 420,472 | $89.0M | Add +46.3% |
| CMCSA Comcast Corp. Class A | 0.69% | 2,358,566 | $87.0M | Reduce -1.9% |
| HD Home Depot Inc. | 0.65% | 221,791 | $81.3M | Add +144.4% |
| TMO Thermo Fisher Scientific Inc. | 0.64% | 161,220 | $80.2M | Add +28.1% |
| QCOM Qualcomm Inc. | 0.63% | 516,251 | $79.3M | Reduce -7.8% |
| JNJ Johnson & Johnson | 0.62% | 472,116 | $78.3M | Reduce -28.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.61% | 634,526 | $77.3M | Reduce -7.2% |
| LOW Lowe's Cos Inc. | 0.60% | 323,543 | $75.5M | Add +102.0% |
| MS Morgan Stanley | 0.60% | 645,470 | $75.3M | Add +11.1% |
| NFLX Netflix Inc. | 0.59% | 79,264 | $73.9M | Reduce -9.9% |
| NOW ServiceNow Inc. | 0.58% | 92,214 | $73.4M | Add +6.3% |
| LLY Eli Lilly & Co. | 0.57% | 87,106 | $71.9M | Add +2.2% |
| STT State Street Corp. | 0.55% | 775,319 | $69.4M | Add +32.3% |
| CRM Salesforce Inc. | 0.54% | 253,805 | $68.1M | Add +21.3% |
| ROP Roper Technologies Inc. | 0.50% | 107,123 | $63.2M | Add +32.9% |
| LMT Lockheed Martin Corp. | 0.50% | 139,689 | $62.4M | Add +7.6% |
| BKNG Booking Holdings Inc. | 0.47% | 12,729 | $58.6M | Reduce -14.9% |
| C Citigroup Inc. | 0.46% | 817,492 | $58.0M | Reduce -3.0% |
| INTU Intuit Inc. | 0.46% | 94,275 | $57.9M | Add +139.7% |
| PG The Procter & Gamble Co. | 0.46% | 337,075 | $57.4M | Add +113.9% |
| MO Altria Group Inc. | 0.45% | 936,805 | $56.2M | Reduce -1.3% |
| CME Cme Group Inc. | 0.44% | 209,473 | $55.6M | Add +8.0% |
| PANW Palo Alto Networks Inc. | 0.44% | 320,834 | $54.7M | Add +11.6% |
| ITW Illinois Tool Works | 0.43% | 217,359 | $53.9M | Reduce -11.2% |
| ROK Rockwell Automation Inc. | 0.42% | 204,704 | $52.9M | Add +32.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.41% | 144,717 | $51.0M | Reduce -10.6% |
| UNH Unitedhealth Group Inc. | 0.41% | 97,206 | $50.9M | Add +119.3% |
| COST Costco Wholesale Corp. | 0.38% | 50,318 | $47.6M | Add +0.3% |
| SNPS Synopsys Inc. | 0.38% | 110,312 | $47.3M | Add +19.4% |
| MCO Moody's Corp. | 0.37% | 100,428 | $46.8M | Add +13.8% |
| ADBE Adobe Inc. | 0.37% | 120,873 | $46.4M | Add +29.5% |
| WAB Wabtec Corp. | 0.37% | 254,265 | $46.1M | Add +93.8% |
| IDXX Idexx Laboratories Inc. | 0.36% | 108,364 | $45.5M | Add +21.5% |
| CL Colgate-Palmolive Co. | 0.36% | 481,621 | $45.1M | Add +12.2% |
| UPS United Parcel Service Class B | 0.36% | 407,015 | $44.8M | Reduce -18.4% |
| COP Conocophillips | 0.35% | 421,874 | $44.3M | Reduce -2.7% |
| SCHW Schwab (charles) Corp. | 0.35% | 560,372 | $43.9M | Reduce -0.8% |
| CTAS Cintas Corp. | 0.35% | 212,765 | $43.7M | Add +14.3% |
| ARGX Argenx SE - ADR | 0.34% | 73,175 | $43.3M | Add +28.6% |
| PGR Progressive Corp. | 0.34% | 152,997 | $43.3M | Add +15.7% |
| AMGN Amgen Inc. | 0.34% | 138,953 | $43.3M | Add +14.3% |
| ANET Arista Networks Inc. | 0.34% | 558,184 | $43.2M | Reduce -7.2% |
| DHR Danaher Corp. | 0.34% | 205,703 | $42.2M | New |
| FIS Fidelity National Info Serv | 0.33% | 561,936 | $42.0M | Add +52.6% |
| TMUS T-Mobile US Inc. | 0.33% | 156,925 | $41.9M | Reduce -31.6% |
| ORCL Oracle Corp. | 0.33% | 298,988 | $41.8M | Reduce -23.6% |
| KMB Kimberly-Clark Corp. | 0.30% | 264,095 | $37.6M | Reduce -0.1% |
| AVB Avalonbay Communities Inc. | 0.30% | 172,994 | $37.1M | New |
| AMT American Tower Corp. | 0.29% | 166,550 | $36.2M | Reduce -54.1% |
| GEN Gen Digital Inc. | 0.29% | 1,363,173 | $36.2M | Add +32.5% |
| PCAR Paccar Inc. | 0.28% | 365,570 | $35.6M | Add +39.4% |
| LRCX Lam Research Corp. | 0.28% | 487,555 | $35.4M | Reduce -30.1% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 419,797 | $35.4M | Reduce -17.4% |
| CSCO Cisco Systems Inc. | 0.28% | 570,387 | $35.2M | Reduce -16.9% |
| EOG EOG Resources Inc. | 0.27% | 260,118 | $33.4M | Add +151.3% |
| CAT Caterpillar Inc. | 0.26% | 100,441 | $33.1M | Add +336.2% |
| KLAC KLA Corp. | 0.26% | 48,406 | $32.9M | Add +7.0% |
| COF Capital One Financial Corp. | 0.26% | 182,478 | $32.7M | Add +6.8% |
| RMD Resmed Inc. | 0.26% | 143,630 | $32.2M | Add +16.2% |
| APH Amphenol Corp. Class A | 0.25% | 485,767 | $31.9M | Add +26.7% |
| CCC CCC Intelligent Solutions Ho | 0.25% | 3,523,093 | $31.8M | Add +37.6% |
| ABBV Abbvie Inc. | 0.25% | 150,481 | $31.5M | Add +21.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 126,104 | $31.4M | Add +132.3% |
| ALL Allstate Corp. | 0.25% | 150,040 | $31.1M | Add +8.0% |
| UHS Universal Health Services-B | 0.24% | 163,261 | $30.7M | Add +56.0% |
| PLD Prologis Inc. | 0.24% | 271,849 | $30.4M | Add +45.5% |
| HCA HCA Healthcare Inc. | 0.24% | 87,623 | $30.3M | Reduce -8.6% |
| MRK Merck & Co. Inc. | 0.24% | 333,796 | $30.0M | Reduce -15.9% |
| SYY Sysco Corp. | 0.23% | 382,373 | $28.7M | Reduce -11.0% |
| GIS General Mills Inc. | 0.23% | 476,505 | $28.5M | Add +5.7% |
| NTRS Northern Trust Corp. | 0.23% | 286,823 | $28.3M | Add +2.4% |
| DLR Digital Realty Trust Inc. | 0.22% | 193,177 | $27.7M | Add +72.1% |
| ZTS Zoetis Inc. | 0.22% | 167,064 | $27.5M | Reduce -0.1% |
| SPGI S&P Global Inc. | 0.22% | 53,779 | $27.3M | New |
| ARMK Aramark | 0.22% | 786,296 | $27.1M | Add +51.5% |
| YMM Full Truck Alliance -SPN ADR | 0.22% | 2,125,216 | $27.1M | Add +111.6% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -14.6% | 4.53% | −1.69 |
| MSFT Microsoft Corp. | Reduce -1.9% | 5.49% | −0.46 |
| GOOGL Alphabet Inc. Class A | Reduce -5.8% | 1.86% | −0.43 |
| APP AppLovin Corp. Class A | Reduce -85.3% | 0.06% | −0.42 |
| IJH iShares Core S&P Midcap ETF | Reduce -95.8% | 0.02% | −0.35 |
| AVGO Broadcom Inc. | Reduce -0.4% | 1.04% | −0.33 |
| VICI Vici Properties Inc. | Reduce -95.5% | 0.02% | −0.31 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.29 |
| CBOE Cboe Global Markets Inc. | Reduce -98.0% | 0.01% | −0.28 |
| COR Cencora Inc. | Sold out | 0.00% | −0.28 |
| CVX Chevron Corp. | Reduce -69.3% | 0.15% | −0.25 |
| BDX Becton Dickinson and Co. | Reduce -63.9% | 0.15% | −0.24 |
| AMT American Tower Corp. | Reduce -54.1% | 0.29% | −0.21 |
| KIM Kimco Realty Corp. | Reduce -62.1% | 0.12% | −0.21 |
| GOOG Alphabet Inc. Class C | Reduce -3.9% | 1.02% | −0.20 |
| MCK McKesson Corp. | Reduce -75.1% | 0.09% | −0.20 |
| DELL Dell Technologies -C | Reduce -71.8% | 0.06% | −0.18 |
| SPG Simon Property Group Inc. | Reduce -85.2% | 0.03% | −0.18 |
| WM Waste Management Inc. | Reduce -72.8% | 0.09% | −0.18 |
| ECL Ecolab Inc. | Reduce -57.5% | 0.15% | −0.16 |
| ORCL Oracle Corp. | Reduce -23.6% | 0.33% | −0.16 |
| ANET Arista Networks Inc. | Reduce -7.2% | 0.34% | −0.16 |
| MAS Masco Corp. | Reduce -97.2% | 0.00% | −0.15 |
| CRL Charles River Laboratories | Reduce -84.9% | 0.02% | −0.14 |
| CPAY Corpay Inc. | Reduce -71.6% | 0.06% | −0.13 |
| DECK Deckers Outdoor Corp. | Reduce -45.2% | 0.06% | −0.13 |
| IFF Intl Flavors & Fragrances | Reduce -98.7% | 0.00% | −0.12 |
| PPG PPG Industries Inc. | Reduce -45.4% | 0.14% | −0.12 |
| AMD Advanced Micro Devices | Reduce -30.8% | 0.19% | −0.12 |
| UPS United Parcel Service Class B | Reduce -18.4% | 0.36% | −0.12 |
| KR Kroger Co. | Reduce -78.6% | 0.04% | −0.12 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -45.1% | 0.18% | −0.12 |
| PRU Prudential Financial Inc. | Reduce -35.7% | 0.20% | −0.11 |
| NKE Nike Inc. Class B | Reduce -66.8% | 0.05% | −0.11 |
| DTE DTE Energy Company | Reduce -63.2% | 0.09% | −0.11 |
| CINF Cincinnati Financial Corp. | Reduce -94.1% | 0.01% | −0.11 |
| JKHY Jack Henry & Associates Inc. | Reduce -83.2% | 0.02% | −0.11 |
| HIG Hartford Insurance Group Inc. | Reduce -48.9% | 0.16% | −0.10 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.10 |
| JNJ Johnson & Johnson | Reduce -28.8% | 0.62% | −0.10 |
| HOLX Hologic Inc. | Reduce -74.8% | 0.03% | −0.10 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.10 |
| LRCX Lam Research Corp. | Reduce -30.1% | 0.28% | −0.10 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.09 |
| PYPL PayPal Holdings Inc. | Reduce -19.6% | 0.17% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -14.9% | 0.47% | −0.09 |
| SWKS Skyworks Solutions Inc. | Reduce -59.8% | 0.04% | −0.09 |
| DIS The Walt Disney Co. | Reduce -34.1% | 0.15% | −0.09 |
| CNC Centene Corp. | Reduce -77.3% | 0.03% | −0.09 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q4 2024 → Q1 2025
| YUMC Yum China Holdings Inc. | Add +66.1% | 2.10% | +0.99 |
| META Meta Platforms Inc. Class A | Add +23.4% | 2.70% | +0.60 |
| FTNT Fortinet Inc. | Add +111.0% | 0.79% | +0.44 |
| HD Home Depot Inc. | Add +144.4% | 0.65% | +0.38 |
| DHR Danaher Corp. | New | 0.34% | +0.34 |
| LOW Lowe's Cos Inc. | Add +102.0% | 0.60% | +0.30 |
| AVB Avalonbay Communities Inc. | New | 0.30% | +0.30 |
| INTU Intuit Inc. | Add +139.7% | 0.46% | +0.27 |
| PG The Procter & Gamble Co. | Add +113.9% | 0.46% | +0.26 |
| UNH Unitedhealth Group Inc. | Add +119.3% | 0.41% | +0.24 |
| GS Goldman Sachs Group Inc. | Add +26.0% | 1.07% | +0.23 |
| HON Honeywell International Inc. | Add +46.3% | 0.71% | +0.22 |
| SPGI S&P Global Inc. | New | 0.22% | +0.22 |
| PSA Public Storage | Add +8021.5% | 0.22% | +0.21 |
| CAT Caterpillar Inc. | Add +336.2% | 0.26% | +0.20 |
| EXR Extra Space Storage Inc. | New | 0.19% | +0.19 |
| ROP Roper Technologies Inc. | Add +32.9% | 0.50% | +0.19 |
| WAB Wabtec Corp. | Add +93.8% | 0.37% | +0.18 |
| EOG EOG Resources Inc. | Add +151.3% | 0.27% | +0.17 |
| GILD Gilead Sciences Inc. | New | 0.17% | +0.17 |
| V Visa Inc. Class A | Add +10.0% | 0.73% | +0.16 |
| CLX Clorox Company | New | 0.16% | +0.16 |
| IBM Intl Business Machines Corp. | Add +132.3% | 0.25% | +0.16 |
| VNET Vnet Group Inc.-ADR | New | 0.16% | +0.16 |
| ICE Intercontinental Exchange Inc. | New | 0.15% | +0.15 |
| BKR Baker Hughes Co. | New | 0.15% | +0.15 |
| TMO Thermo Fisher Scientific Inc. | Add +28.1% | 0.64% | +0.15 |
| ADP Automatic Data Processing | Add +575.5% | 0.16% | +0.14 |
| AAPL Apple Inc. | Add +9.5% | 5.51% | +0.14 |
| PDD PDD Holdings Inc. | Add +1677.4% | 0.14% | +0.14 |
| YMM Full Truck Alliance -SPN ADR | Add +111.6% | 0.22% | +0.13 |
| BAC Bank of America Corp. | Add +11.9% | 1.22% | +0.13 |
| MSI Motorola Solutions Inc. | Add +17.2% | 0.87% | +0.13 |
| A Agilent Technologies Inc. | Add +499.3% | 0.16% | +0.13 |
| UNP Union Pacific Corp. | Add +5.4% | 0.95% | +0.13 |
| MA Mastercard Inc. Class A | Add +6.3% | 0.85% | +0.12 |
| EW Edwards Lifesciences Corp. | New | 0.12% | +0.12 |
| NOC Northrop Grumman Corp. | New | 0.12% | +0.12 |
| STT State Street Corp. | Add +32.3% | 0.55% | +0.12 |
| CBRE CBRE Group Inc. Class A | New | 0.12% | +0.12 |
| BALL Ball Corp. | Add +740.7% | 0.13% | +0.11 |
| CTSH Cognizant Tech Solutions-A | New | 0.11% | +0.11 |
| FIS Fidelity National Info Serv | Add +52.6% | 0.33% | +0.11 |
| WMT Walmart Inc. | Add +13.9% | 0.75% | +0.11 |
| PFE Pfizer Inc. | New | 0.11% | +0.11 |
| RTX RTX Corp. | Add +3132.8% | 0.11% | +0.11 |
| PGR Progressive Corp. | Add +15.7% | 0.34% | +0.11 |
| AMGN Amgen Inc. | Add +14.3% | 0.34% | +0.11 |
| NRG NRG Energy Inc. | New | 0.10% | +0.10 |
| CME Cme Group Inc. | Add +8.0% | 0.44% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 524 | $13.5B | NVDA, MSFT, AAPL, GOOGL, META |
| Q2 2025 | 551 | $12.6B | NVDA, MSFT, AAPL, META, AMZN |
| Q1 2025 | 712 | $12.6B | AAPL, MSFT, NVDA, JPM, AMZN |
| Q4 2024 | 707 | $13.3B | NVDA, MSFT, AAPL, JPM, AMZN |
| Q3 2024 | 722 | $13.3B | MSFT, NVDA, AAPL, AMZN, SHY |
| Q2 2024 | 552 | $12.4B | MSFT, NVDA, AAPL, AMZN, SHY |
| Q1 2024 | 571 | $12.6B | MSFT, NVDA, AAPL, SHY, AMZN |