Police & Firemen's Retirement System of New Jersey
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Police & Firemen's Retirement System of New Jersey reported 3,147 stock positions worth $10.8 billion. Its top holding was Nvidia (NVDA) at 5.2% of the portfolio, followed by Microsoft (MSFT, 5.2%) and Apple (AAPL, 4.3%). Compared with Q1 2025, it opened 234 new positions, sold out of 159, added to 1,709 and reduced 271. The biggest buy was Nvidia (NVDA, shares +4%) and the biggest sale an exit from iShares MSCI India ETF (INDA).
- Most Recent 13F
- Q2 2026
- Location
- TRENTON, NJ
- CIK
- 0002040686
- Portfolio Value
- $10.8B (Q2 2025)
- SEC Filing
- 0002040686-25-000004 ↗ filed Aug 8, 2025
Holdings Value
Holdings 3,147 stocks · $10.8B
| NVDA Nvidia Corp. | 5.22% | 3,553,999 | $561.5M | Add +4.3% |
| MSFT Microsoft Corp. | 5.20% | 1,126,223 | $560.2M | Add +4.0% |
| AAPL Apple Inc. | 4.27% | 2,238,465 | $459.3M | Add +4.4% |
| AMZN Amazon.com Inc. | 2.97% | 1,456,680 | $319.6M | Add +6.6% |
| META Meta Platforms Inc. Class A | 2.27% | 331,559 | $244.7M | Add +4.0% |
| AVGO Broadcom Inc. | 1.80% | 701,288 | $193.3M | Add +4.7% |
| GOOGL Alphabet Inc. Class A | 1.44% | 882,201 | $155.5M | Add +3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.26% | 280,092 | $136.1M | Add +5.1% |
| TSLA Tesla Inc. | 1.26% | 427,150 | $135.7M | Add +5.6% |
| GOOG Alphabet Inc. Class C | 1.19% | 719,191 | $127.6M | Add +1.8% |
| JPM JPMorgan Chase & Co. | 1.14% | 421,767 | $122.3M | Add +3.1% |
| LLY Eli Lilly & Co. | 0.88% | 121,653 | $94.8M | Add +4.4% |
| V Visa Inc. Class A | 0.85% | 258,620 | $91.8M | Add +3.0% |
| NFLX Netflix Inc. | 0.80% | 64,359 | $86.2M | Add +3.3% |
| CNYA iShares MSCI China A ETF | 0.70% | 2,619,036 | $75.2M | Reduce -4.2% |
| XOM Exxon Mobil Corp. | 0.66% | 657,961 | $70.9M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.64% | 123,526 | $69.4M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.62% | 67,388 | $66.7M | Add +4.5% |
| WMT Walmart Inc. | 0.60% | 660,759 | $64.6M | Add +4.5% |
| PG The Procter & Gamble Co. | 0.53% | 356,632 | $56.8M | Add +3.8% |
| JNJ Johnson & Johnson | 0.52% | 365,252 | $55.8M | Add +4.0% |
| HD Home Depot Inc. | 0.52% | 151,231 | $55.4M | Add +4.7% |
| ORCL Oracle Corp. | 0.51% | 251,470 | $55.0M | Add +8.1% |
| ABBV Abbvie Inc. | 0.46% | 269,019 | $49.9M | Add +4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 1,041,114 | $49.3M | Add +7.4% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 331,705 | $45.2M | Add +10.7% |
| UNH Unitedhealth Group Inc. | 0.40% | 138,189 | $43.1M | Add +3.2% |
| PM Philip Morris International | 0.40% | 236,646 | $43.1M | Add +4.5% |
| CSCO Cisco Systems Inc. | 0.39% | 604,559 | $41.9M | Add +3.9% |
| KO The Coca-Cola Co. | 0.39% | 590,456 | $41.8M | Add +4.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 141,316 | $41.7M | Add +5.8% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 159,682 | $41.1M | Add +1.8% |
| WFC Wells Fargo & Co. | 0.37% | 494,861 | $39.6M | Add +3.3% |
| CRM Salesforce Inc. | 0.36% | 141,763 | $38.7M | Add +5.3% |
| SPOT Spotify Technology SA | 0.35% | 48,857 | $37.5M | Add +1.3% |
| ABT Abbott Laboratories | 0.33% | 262,889 | $35.8M | Add +4.4% |
| CVX Chevron Corp. | 0.33% | 247,657 | $35.5M | Add +4.0% |
| AMD Advanced Micro Devices | 0.32% | 244,584 | $34.7M | Add +4.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 275,051 | $34.1M | Add +4.0% |
| LIN Linde PLC | 0.31% | 71,291 | $33.4M | Add +1.9% |
| GS Goldman Sachs Group Inc. | 0.30% | 46,382 | $32.8M | Add +5.3% |
| INTU Intuit Inc. | 0.30% | 41,468 | $32.7M | Add +4.4% |
| NOW ServiceNow Inc. | 0.30% | 31,369 | $32.2M | Add +5.0% |
| MCD McDonald's Corp. | 0.29% | 108,560 | $31.7M | Add +3.5% |
| ROYAL BANK OF CANADA | 0.29% | 235,154 | $30.9M | Reduce -4.1% |
| T AT&T Inc. | 0.29% | 1,065,589 | $30.8M | Add +1.8% |
| MRK Merck & Co. Inc. | 0.28% | 382,594 | $30.3M | Add +3.5% |
| RTX RTX Corp. | 0.28% | 203,235 | $29.7M | Add +5.0% |
| ISRG Intuitive Surgical Inc. | 0.27% | 54,174 | $29.4M | Add +5.4% |
| TXN Texas Instruments Inc. | 0.27% | 138,014 | $28.7M | Add +4.0% |
| BKNG Booking Holdings Inc. | 0.27% | 4,940 | $28.6M | Add +2.5% |
| UBER Uber Technologies Inc. | 0.27% | 305,721 | $28.5M | Add +3.4% |
| ACN Accenture PLC Class A | 0.26% | 95,051 | $28.4M | Add +4.0% |
| VZ Verizon Communications Inc. | 0.26% | 641,593 | $27.8M | Add +4.6% |
| PEP Pepsico Inc. | 0.26% | 208,132 | $27.5M | Add +4.0% |
| CAT Caterpillar Inc. | 0.25% | 70,351 | $27.3M | Add +0.1% |
| AXP American Express Co. | 0.25% | 83,641 | $26.7M | Add +3.5% |
| QCOM Qualcomm Inc. | 0.25% | 166,946 | $26.6M | Add +2.6% |
| ADBE Adobe Inc. | 0.23% | 64,621 | $25.0M | Add +2.0% |
| MS Morgan Stanley | 0.23% | 175,529 | $24.7M | Add +4.9% |
| SPGI S&P Global Inc. | 0.23% | 46,693 | $24.6M | Add +2.5% |
| BLK BlackRock Inc. | 0.23% | 23,167 | $24.3M | Add +7.9% |
| BSX Boston Scientific Corp. | 0.22% | 224,434 | $24.1M | Add +4.8% |
| C Citigroup Inc. | 0.22% | 281,824 | $24.0M | Add +2.2% |
| PGR Progressive Corp. | 0.22% | 88,924 | $23.7M | Add +4.5% |
| SCHW Schwab (charles) Corp. | 0.22% | 259,394 | $23.7M | Add +7.5% |
| SHOPIFY INC CLASS A | 0.22% | 202,475 | $23.3M | Reduce -3.4% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 57,367 | $23.3M | Add +3.2% |
| BA The Boeing Co. | 0.21% | 110,044 | $23.1M | Add +1.2% |
| AMGN Amgen Inc. | 0.21% | 81,639 | $22.8M | Add +4.5% |
| HON Honeywell International Inc. | 0.21% | 97,762 | $22.8M | Add +3.1% |
| AMAT Applied Materials Inc. | 0.21% | 123,314 | $22.6M | Add +4.2% |
| GEV GE Vernova Inc. | 0.20% | 41,488 | $22.0M | Add +4.6% |
| NEE Nextera Energy Inc. | 0.20% | 313,334 | $21.8M | Add +4.7% |
| TORONTO DOMINION BANK | 0.20% | 291,946 | $21.4M | Reduce -3.7% |
| ETN Eaton Corp. PLC | 0.20% | 59,508 | $21.2M | Add +3.5% |
| GILD Gilead Sciences Inc. | 0.19% | 189,082 | $21.0M | Add +4.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 169,693 | $21.0M | Add +3.0% |
| PFE Pfizer Inc. | 0.19% | 864,174 | $20.9M | Add +4.7% |
| MU Micron Technology Inc. | 0.19% | 169,690 | $20.9M | Add +5.7% |
| UNP Union Pacific Corp. | 0.19% | 90,900 | $20.9M | Add +2.4% |
| SYK Stryker Corp. | 0.19% | 52,292 | $20.7M | Reduce -0.8% |
| PANW Palo Alto Networks Inc. | 0.19% | 99,697 | $20.4M | Add +5.9% |
| COF Capital One Financial Corp. | 0.19% | 95,552 | $20.3M | Add +72.6% |
| CMCSA Comcast Corp. Class A | 0.19% | 562,887 | $20.1M | Add +3.1% |
| DHR Danaher Corp. | 0.18% | 96,902 | $19.1M | Add +3.1% |
| ADP Automatic Data Processing | 0.18% | 61,862 | $19.1M | Add +3.3% |
| LRCX Lam Research Corp. | 0.18% | 194,171 | $18.9M | Add +3.8% |
| LOW Lowe's Cos Inc. | 0.18% | 85,186 | $18.9M | Add +3.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 37,101 | $18.9M | Add +10.8% |
| DE Deere & Co. | 0.18% | 37,124 | $18.9M | Add +2.3% |
| UBS GROUP AG REG | 0.17% | 543,866 | $18.3M | Reduce -4.5% |
| PDD PDD Holdings Inc. | 0.17% | 175,048 | $18.3M | Reduce -3.8% |
| KLAC KLA Corp. | 0.17% | 20,220 | $18.1M | Add +4.5% |
| APH Amphenol Corp. Class A | 0.17% | 183,036 | $18.1M | Add +6.3% |
| ADI Analog Devices Inc. | 0.17% | 75,344 | $17.9M | Add +4.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.16% | 1,291,109 | $17.7M | Reduce -1.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.16% | 39,035 | $17.4M | Add +3.7% |
| COP Conocophillips | 0.16% | 192,108 | $17.2M | Add +2.0% |
| MDT Medtronic PLC | 0.16% | 194,807 | $17.0M | Add +4.0% |
Portfolio Sells Q1 2025 → Q2 2025
| INDA iShares MSCI India ETF | Sold out | 0.00% | −5.04 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.26 |
| SMIN iShares MSCI India Small-Cap | Sold out | 0.00% | −0.11 |
| EMLC Vaneck JPM Em Local Curr BND | Sold out | 0.00% | −0.08 |
| CNYA iShares MSCI China A ETF | Reduce -4.2% | 0.70% | −0.08 |
| EQT Eqt Corp. | Reduce -57.5% | 0.05% | −0.07 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| TPL Texas Pacific Land Corp. | Reduce -57.1% | 0.03% | −0.06 |
| BARRICK GOLD CORP | Sold out | 0.00% | −0.06 |
| EXE Expand Energy Corp. | Reduce -60.2% | 0.04% | −0.06 |
| SW Smurfit Westrock PLC | Reduce -58.0% | 0.03% | −0.05 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.05 |
| PDD PDD Holdings Inc. | Reduce -3.8% | 0.17% | −0.05 |
| LII Lennox International Inc. | Reduce -58.1% | 0.03% | −0.04 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.04 |
| X United States Steel Corp. | Sold out | 0.00% | −0.03 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.03 |
| NTRA Natera Inc. | Reduce -52.8% | 0.03% | −0.03 |
| CB Chubb Ltd. | Reduce -4.2% | 0.15% | −0.03 |
| TOST Toast Inc. Class A | Reduce -58.9% | 0.03% | −0.03 |
| TKO Tko Group Holdings Inc. | Reduce -63.2% | 0.02% | −0.03 |
| NRG NRG Energy Inc. | Reduce -58.8% | 0.04% | −0.03 |
| APO Apollo Global Management Inc. | Reduce -17.6% | 0.08% | −0.02 |
| CVNA Carvana Co. | Reduce -50.4% | 0.06% | −0.02 |
| AFL Aflac Inc. | Reduce -8.9% | 0.07% | −0.02 |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | Sold out | 0.00% | −0.02 |
| WM Waste Management Inc. | Reduce -3.5% | 0.12% | −0.02 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.02 |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | Reduce -55.7% | 0.02% | −0.02 |
| ALCON INC | Reduce -5.1% | 0.07% | −0.02 |
| ENBRIDGE INC | Reduce -3.1% | 0.15% | −0.01 |
| YUMC Yum China Holdings Inc. | Reduce -5.3% | 0.04% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -5.0% | 0.04% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -13.5% | 0.03% | −0.01 |
| SUNCOR ENERGY INC | Reduce -4.0% | 0.07% | −0.01 |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | Sold out | 0.00% | −0.01 |
| MANULIFE FINANCIAL CORP | Reduce -5.7% | 0.08% | −0.01 |
| CANADIAN NATURAL RESOURCES | Reduce -3.0% | 0.10% | −0.01 |
| COKE Coca-Cola Consolidated Inc. | Reduce -10.5% | 0.02% | −0.01 |
| AIG American International Group | Reduce -2.5% | 0.07% | −0.01 |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | Sold out | 0.00% | −0.01 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.01 |
| VEREN INC | Sold out | 0.00% | −0.01 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | Sold out | 0.00% | −0.01 |
| OSISKO GOLD ROYALTIES LTD | Sold out | 0.00% | −0.01 |
| TC ENERGY CORP | Reduce -3.9% | 0.08% | −0.01 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −0.01 |
| ALAMOS GOLD INC CLASS A | Reduce -21.6% | 0.02% | −0.01 |
| DVA Davita Inc. | Reduce -14.2% | 0.02% | −0.01 |
| G Genpact Ltd. | Reduce -2.6% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +4.3% | 5.22% | +1.48 |
| MSFT Microsoft Corp. | Add +4.0% | 5.20% | +1.10 |
| AVGO Broadcom Inc. | Add +4.7% | 1.80% | +0.66 |
| META Meta Platforms Inc. Class A | Add +4.0% | 2.27% | +0.42 |
| AMZN Amazon.com Inc. | Add +6.6% | 2.97% | +0.34 |
| NFLX Netflix Inc. | Add +3.3% | 0.80% | +0.21 |
| TSLA Tesla Inc. | Add +5.6% | 1.26% | +0.20 |
| ORCL Oracle Corp. | Add +8.1% | 0.51% | +0.18 |
| PLTR Palantir Technologies Inc. Class A | Add +10.7% | 0.42% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +3.1% | 1.14% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +3.1% | 1.44% | +0.11 |
| COF Capital One Financial Corp. | Add +72.6% | 0.19% | +0.09 |
| GEV GE Vernova Inc. | Add +4.6% | 0.20% | +0.08 |
| SPOT Spotify Technology SA | Add +1.3% | 0.35% | +0.08 |
| AMD Advanced Micro Devices | Add +4.4% | 0.32% | +0.08 |
| FLUT Flutter Entertainment PLC-Di | New | 0.07% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 1.19% | +0.07 |
| FLEX Flex Ltd. | New | 0.07% | +0.07 |
| GE General Electric | Add +1.8% | 0.38% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +5.3% | 0.30% | +0.06 |
| NOW ServiceNow Inc. | Add +5.0% | 0.30% | +0.06 |
| INTU Intuit Inc. | Add +4.4% | 0.30% | +0.06 |
| BARRICK MINING CORP | New | 0.06% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +10.8% | 0.18% | +0.06 |
| APH Amphenol Corp. Class A | Add +6.3% | 0.17% | +0.05 |
| MU Micron Technology Inc. | Add +5.7% | 0.19% | +0.05 |
| DIS The Walt Disney Co. | Add +4.0% | 0.32% | +0.05 |
| IBM Intl Business Machines Corp. | Add +5.8% | 0.39% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +6.3% | 0.10% | +0.05 |
| CEG Constellation Energy | Add +3.6% | 0.14% | +0.05 |
| BAC Bank of America Corp. | Add +7.4% | 0.46% | +0.05 |
| UBER Uber Technologies Inc. | Add +3.4% | 0.27% | +0.05 |
| TLN Talen Energy Corp. | New | 0.05% | +0.05 |
| MSTR Strategy Inc. | Add +12.8% | 0.14% | +0.04 |
| QXO Qxo Inc. | New | 0.04% | +0.04 |
| BKNG Booking Holdings Inc. | Add +2.5% | 0.27% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +11.1% | 0.11% | +0.04 |
| AMRIZE LTD | New | 0.04% | +0.04 |
| WMT Walmart Inc. | Add +4.5% | 0.60% | +0.04 |
| ETN Eaton Corp. PLC | Add +3.5% | 0.20% | +0.04 |
| RBLX Roblox Corp. Class A | Add +11.9% | 0.08% | +0.04 |
| LRCX Lam Research Corp. | Add +3.8% | 0.18% | +0.04 |
| PM Philip Morris International | Add +4.5% | 0.40% | +0.04 |
| AMAT Applied Materials Inc. | Add +4.2% | 0.21% | +0.04 |
| RKLB Rocket Lab Corp. | Add +94.9% | 0.05% | +0.04 |
| KLAC KLA Corp. | Add +4.5% | 0.17% | +0.04 |
| INSM Insmed Inc. | Add +83.0% | 0.06% | +0.03 |
| NET Cloudflare Inc. Class A | Add +5.6% | 0.09% | +0.03 |
| VST Vistra Corp. | Add +4.1% | 0.09% | +0.03 |
| MS Morgan Stanley | Add +4.9% | 0.23% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 3,202 | $13.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 3,134 | $11.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 3,156 | $12.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 3,166 | $12.4B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 3,147 | $10.8B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 3,071 | $9.9B | INDA, AAPL, MSFT, NVDA, AMZN |
| Q4 2024 | 3,016 | $10.3B | AAPL, INDA, NVDA, MSFT, AMZN |