Police & Firemen's Retirement System of New Jersey
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Police & Firemen's Retirement System of New Jersey reported 3,166 stock positions worth $12.4 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Apple (AAPL, 4.8%). Compared with Q2 2025, it opened 77 new positions, sold out of 59, added to 2,608 and reduced 99. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale iShares MSCI China A ETF (CNYA, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- TRENTON, NJ
- CIK
- 0002040686
- Portfolio Value
- $12.4B (Q3 2025)
- SEC Filing
- 0002040686-25-000006 ↗ filed Nov 12, 2025
Holdings Value
Holdings 3,166 stocks · $12.4B
| NVDA Nvidia Corp. | 5.66% | 3,774,039 | $704.2M | Add +6.2% |
| MSFT Microsoft Corp. | 4.98% | 1,196,000 | $619.5M | Add +6.2% |
| AAPL Apple Inc. | 4.81% | 2,350,847 | $598.6M | Add +5.0% |
| AMZN Amazon.com Inc. | 2.73% | 1,546,890 | $339.7M | Add +6.2% |
| META Meta Platforms Inc. Class A | 2.08% | 352,091 | $258.6M | Add +6.2% |
| AVGO Broadcom Inc. | 1.97% | 744,677 | $245.7M | Add +6.2% |
| GOOGL Alphabet Inc. Class A | 1.83% | 936,926 | $227.8M | Add +6.2% |
| TSLA Tesla Inc. | 1.62% | 453,618 | $201.7M | Add +6.2% |
| GOOG Alphabet Inc. Class C | 1.49% | 763,400 | $185.9M | Add +6.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.20% | 297,428 | $149.5M | Add +6.2% |
| JPM JPMorgan Chase & Co. | 1.14% | 447,850 | $141.3M | Add +6.2% |
| LLY Eli Lilly & Co. | 0.79% | 129,212 | $98.6M | Add +6.2% |
| V Visa Inc. Class A | 0.75% | 274,459 | $93.7M | Add +6.1% |
| NFLX Netflix Inc. | 0.66% | 68,356 | $82.0M | Add +6.2% |
| XOM Exxon Mobil Corp. | 0.63% | 698,877 | $78.8M | Add +6.2% |
| ORCL Oracle Corp. | 0.60% | 267,138 | $75.1M | Add +6.2% |
| MA Mastercard Inc. Class A | 0.60% | 131,335 | $74.7M | Add +6.3% |
| WMT Walmart Inc. | 0.58% | 701,273 | $72.3M | Add +6.1% |
| JNJ Johnson & Johnson | 0.58% | 387,661 | $71.9M | Add +6.1% |
| COST Costco Wholesale Corp. | 0.53% | 71,685 | $66.4M | Add +6.4% |
| ABBV Abbvie Inc. | 0.53% | 285,440 | $66.1M | Add +6.1% |
| HD Home Depot Inc. | 0.52% | 160,432 | $65.0M | Add +6.1% |
| PLTR Palantir Technologies Inc. Class A | 0.52% | 351,931 | $64.2M | Add +6.1% |
| PG The Procter & Gamble Co. | 0.47% | 378,274 | $58.1M | Add +6.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 1,086,553 | $56.1M | Add +4.4% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 169,509 | $51.0M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.41% | 146,650 | $50.6M | Add +6.1% |
| CVX Chevron Corp. | 0.39% | 309,487 | $48.1M | Add +25.0% |
| CSCO Cisco Systems Inc. | 0.35% | 641,844 | $43.9M | Add +6.2% |
| WFC Wells Fargo & Co. | 0.35% | 519,996 | $43.6M | Add +5.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 150,035 | $42.3M | Add +6.2% |
| AMD Advanced Micro Devices | 0.34% | 259,586 | $42.0M | Add +6.1% |
| KO The Coca-Cola Co. | 0.33% | 626,716 | $41.6M | Add +6.1% |
| PM Philip Morris International | 0.33% | 251,179 | $40.7M | Add +6.1% |
| GS Goldman Sachs Group Inc. | 0.31% | 48,614 | $38.7M | Add +4.8% |
| CNYA iShares MSCI China A ETF | 0.31% | 1,108,036 | $38.0M | Reduce -57.7% |
| ABT Abbott Laboratories | 0.30% | 279,098 | $37.4M | Add +6.2% |
| RTX RTX Corp. | 0.29% | 215,837 | $36.1M | Add +6.2% |
| LIN Linde PLC | 0.29% | 75,664 | $35.9M | Add +6.1% |
| CRM Salesforce Inc. | 0.29% | 150,505 | $35.7M | Add +6.2% |
| CAT Caterpillar Inc. | 0.29% | 74,699 | $35.6M | Add +6.2% |
| MCD McDonald's Corp. | 0.28% | 115,242 | $35.0M | Add +6.2% |
| MRK Merck & Co. Inc. | 0.27% | 406,255 | $34.1M | Add +6.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 291,978 | $33.4M | Add +6.2% |
| SPOT Spotify Technology SA | 0.26% | 47,054 | $32.8M | Reduce -3.7% |
| T AT&T Inc. | 0.26% | 1,129,115 | $31.9M | Add +6.0% |
| UBER Uber Technologies Inc. | 0.26% | 324,654 | $31.8M | Add +6.2% |
| PEP Pepsico Inc. | 0.25% | 220,588 | $31.0M | Add +6.0% |
| NOW ServiceNow Inc. | 0.25% | 33,326 | $30.7M | Add +6.2% |
| ROYAL BANK OF CANADA | 0.24% | 204,811 | $30.2M | Reduce -12.9% |
| MU Micron Technology Inc. | 0.24% | 179,835 | $30.1M | Add +6.0% |
| INTU Intuit Inc. | 0.24% | 44,036 | $30.1M | Add +6.2% |
| C Citigroup Inc. | 0.24% | 295,020 | $29.9M | Add +4.7% |
| VZ Verizon Communications Inc. | 0.24% | 680,095 | $29.9M | Add +6.0% |
| MS Morgan Stanley | 0.24% | 186,106 | $29.6M | Add +6.0% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 60,783 | $29.5M | Add +6.0% |
| AXP American Express Co. | 0.24% | 88,618 | $29.4M | Add +6.0% |
| QCOM Qualcomm Inc. | 0.23% | 174,422 | $29.0M | Add +4.5% |
| BLK BlackRock Inc. | 0.23% | 24,558 | $28.6M | Add +6.0% |
| BKNG Booking Holdings Inc. | 0.23% | 5,245 | $28.3M | Add +6.2% |
| LRCX Lam Research Corp. | 0.22% | 206,286 | $27.6M | Add +6.2% |
| APP AppLovin Corp. Class A | 0.22% | 38,358 | $27.6M | Add +5.9% |
| GEV GE Vernova Inc. | 0.22% | 44,098 | $27.1M | Add +6.3% |
| TXN Texas Instruments Inc. | 0.22% | 146,582 | $26.9M | Add +6.2% |
| AMAT Applied Materials Inc. | 0.21% | 129,625 | $26.5M | Add +5.1% |
| SHOPIFY INC CLASS A | 0.21% | 177,404 | $26.4M | Reduce -12.4% |
| SCHW Schwab (charles) Corp. | 0.21% | 275,597 | $26.3M | Add +6.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 179,736 | $26.0M | Add +5.9% |
| ISRG Intuitive Surgical Inc. | 0.21% | 57,550 | $25.7M | Add +6.2% |
| BA The Boeing Co. | 0.20% | 116,895 | $25.2M | Add +6.2% |
| NEE Nextera Energy Inc. | 0.20% | 332,546 | $25.1M | Add +6.1% |
| ACN Accenture PLC Class A | 0.20% | 100,757 | $24.8M | Add +6.0% |
| AMGN Amgen Inc. | 0.20% | 86,596 | $24.4M | Add +6.1% |
| ANET Arista Networks Inc. | 0.19% | 166,247 | $24.2M | Add +6.2% |
| ADBE Adobe Inc. | 0.19% | 68,495 | $24.2M | Add +6.0% |
| SPGI S&P Global Inc. | 0.19% | 49,478 | $24.1M | Add +6.0% |
| APH Amphenol Corp. Class A | 0.19% | 194,002 | $24.0M | Add +6.0% |
| INTC Intel Corp. | 0.19% | 703,266 | $23.6M | Add +6.0% |
| ETN Eaton Corp. PLC | 0.19% | 63,029 | $23.6M | Add +5.9% |
| PGR Progressive Corp. | 0.19% | 94,512 | $23.3M | Add +6.3% |
| PFE Pfizer Inc. | 0.19% | 915,167 | $23.3M | Add +5.9% |
| BSX Boston Scientific Corp. | 0.19% | 237,606 | $23.2M | Add +5.9% |
| KLAC KLA Corp. | 0.19% | 21,464 | $23.2M | Add +6.2% |
| UNP Union Pacific Corp. | 0.18% | 96,446 | $22.8M | Add +6.1% |
| LOW Lowe's Cos Inc. | 0.18% | 90,226 | $22.7M | Add +5.9% |
| MUB iShares National Muni Bond E | 0.18% | 211,800 | $22.6M | New |
| GILD Gilead Sciences Inc. | 0.18% | 200,902 | $22.3M | Add +6.3% |
| HON Honeywell International Inc. | 0.17% | 102,723 | $21.6M | Add +5.1% |
| COF Capital One Financial Corp. | 0.17% | 101,515 | $21.6M | Add +6.2% |
| PANW Palo Alto Networks Inc. | 0.17% | 105,924 | $21.6M | Add +6.3% |
| SYK Stryker Corp. | 0.16% | 55,403 | $20.5M | Add +6.0% |
| DHR Danaher Corp. | 0.16% | 102,985 | $20.4M | Add +6.3% |
| BX Blackstone Inc. | 0.16% | 117,894 | $20.1M | Add +5.9% |
| TORONTO DOMINION BANK | 0.16% | 250,115 | $20.0M | Reduce -14.3% |
| MDT Medtronic PLC | 0.16% | 207,086 | $19.7M | Add +6.3% |
| ADI Analog Devices Inc. | 0.16% | 79,807 | $19.6M | Add +5.9% |
| COP Conocophillips | 0.16% | 204,119 | $19.3M | Add +6.3% |
| WELL Welltower Inc. | 0.16% | 108,362 | $19.3M | Add +9.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.15% | 39,304 | $19.3M | Add +5.9% |
| ADP Automatic Data Processing | 0.15% | 65,625 | $19.3M | Add +6.1% |
Portfolio Sells Q2 2025 → Q3 2025
| CNYA iShares MSCI China A ETF | Reduce -57.7% | 0.31% | −0.39 |
| SPOT Spotify Technology SA | Reduce -3.7% | 0.26% | −0.08 |
| PDD PDD Holdings Inc. | Reduce -51.5% | 0.09% | −0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.06 |
| HES Hess Corp. | Sold out | 0.00% | −0.06 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.05 |
| ROYAL BANK OF CANADA | Reduce -12.9% | 0.24% | −0.04 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -27.0% | 0.12% | −0.04 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.04 |
| TORONTO DOMINION BANK | Reduce -14.3% | 0.16% | −0.04 |
| CANADIAN PACIFIC KANSAS CITY | Reduce -12.7% | 0.08% | −0.03 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.03 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.03 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.03 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.03 |
| CANADIAN NATL RAILWAY CO | Reduce -11.8% | 0.06% | −0.03 |
| ALCON INC | Reduce -13.3% | 0.04% | −0.03 |
| CANADIAN NATURAL RESOURCES | Reduce -12.6% | 0.08% | −0.02 |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | Sold out | 0.00% | −0.02 |
| ENBRIDGE INC | Reduce -11.9% | 0.13% | −0.02 |
| FERRARI NV | Reduce -11.1% | 0.07% | −0.02 |
| MANULIFE FINANCIAL CORP | Reduce -12.6% | 0.06% | −0.02 |
| TME Tencent Music Entertainm-ADR | Reduce -63.5% | 0.01% | −0.02 |
| BROOKFIELD CORP | Reduce -11.8% | 0.11% | −0.02 |
| ANGLOGOLD ASHANTI PLC | Reduce -52.7% | 0.03% | −0.02 |
| THOMSON REUTERS CORP | Reduce -10.3% | 0.03% | −0.02 |
| UBS GROUP AG REG | Reduce -15.2% | 0.15% | −0.02 |
| BAP Credicorp Ltd. | Reduce -53.1% | 0.02% | −0.02 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.02 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.02 |
| SUN LIFE FINANCIAL INC | Reduce -10.6% | 0.04% | −0.02 |
| CAN IMPERIAL BK OF COMMERCE | Reduce -12.8% | 0.09% | −0.02 |
| SE Sea Ltd.-ADR | Reduce -12.7% | 0.08% | −0.01 |
| BANK OF MONTREAL | Reduce -13.1% | 0.11% | −0.01 |
| BANK OF NOVA SCOTIA | Reduce -13.4% | 0.09% | −0.01 |
| XP XP Inc. Class A | Reduce -10.3% | 0.03% | −0.01 |
| CGI INC | Reduce -13.1% | 0.02% | −0.01 |
| TC ENERGY CORP | Reduce -12.0% | 0.07% | −0.01 |
| SOUTHERN CO (SO 3.875 12/15/25) | Sold out | 0.00% | −0.01 |
| SUNCOR ENERGY INC | Reduce -13.1% | 0.06% | −0.01 |
| FORD MOTOR COMPANY (F 0 03/15/26) | Sold out | 0.00% | −0.01 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.01 |
| STELLANTIS NV | Reduce -15.7% | 0.02% | −0.01 |
| AMRIZE LTD | Reduce -12.2% | 0.03% | −0.01 |
| NUTRIEN LTD | Reduce -12.6% | 0.03% | −0.01 |
| CHX Championx Corp. | Sold out | 0.00% | −0.01 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.01 |
| CHKP Check Point Software Tech | Reduce -15.1% | 0.02% | −0.01 |
| SCCO Southern Copper Corp. | Reduce -31.4% | 0.02% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +5.0% | 4.81% | +0.54 |
| NVDA Nvidia Corp. | Add +6.2% | 5.66% | +0.44 |
| GOOGL Alphabet Inc. Class A | Add +6.2% | 1.83% | +0.39 |
| TSLA Tesla Inc. | Add +6.2% | 1.62% | +0.36 |
| GOOG Alphabet Inc. Class C | Add +6.2% | 1.49% | +0.31 |
| MUB iShares National Muni Bond E | New | 0.18% | +0.18 |
| AVGO Broadcom Inc. | Add +6.2% | 1.97% | +0.18 |
| APP AppLovin Corp. Class A | Add +5.9% | 0.22% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +6.1% | 0.52% | +0.10 |
| ORCL Oracle Corp. | Add +6.2% | 0.60% | +0.09 |
| ABBV Abbvie Inc. | Add +6.1% | 0.53% | +0.07 |
| JNJ Johnson & Johnson | Add +6.1% | 0.58% | +0.06 |
| CVX Chevron Corp. | Add +25.0% | 0.39% | +0.06 |
| INTC Intel Corp. | Add +6.0% | 0.19% | +0.05 |
| MU Micron Technology Inc. | Add +6.0% | 0.24% | +0.05 |
| LRCX Lam Research Corp. | Add +6.2% | 0.22% | +0.05 |
| ANET Arista Networks Inc. | Add +6.2% | 0.19% | +0.05 |
| ALAB Astera Labs Inc. | Add +2.5% | 0.09% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +5.9% | 0.14% | +0.04 |
| SOFI Sofi Technologies Inc. | Add +24.0% | 0.11% | +0.04 |
| FIX Comfort Systems USA Inc. | Add +16.3% | 0.10% | +0.04 |
| CAT Caterpillar Inc. | Add +6.2% | 0.29% | +0.03 |
| SNDK Sandisk Corp. | Add +17.3% | 0.05% | +0.03 |
| CIEN Ciena Corp. | Add +15.6% | 0.07% | +0.03 |
| INSM Insmed Inc. | Add +21.5% | 0.10% | +0.03 |
| BE Bloom Energy Corp. Class A | Add +29.9% | 0.04% | +0.03 |
| P Everpure Inc. Class A | Add +16.7% | 0.09% | +0.03 |
| NEM Newmont Corp. | Add +5.0% | 0.12% | +0.03 |
| GE General Electric | Add +6.2% | 0.41% | +0.03 |
| RBLX Roblox Corp. Class A | Add +15.3% | 0.11% | +0.03 |
| APH Amphenol Corp. Class A | Add +6.0% | 0.19% | +0.03 |
| GLW Corning Inc. | Add +6.2% | 0.08% | +0.03 |
| VNOM Viper Energy Inc. Class A | New | 0.02% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +10.6% | 0.06% | +0.02 |
| WDC Western Digital Corp. | Add +5.9% | 0.05% | +0.02 |
| TLN Talen Energy Corp. | Add +15.9% | 0.07% | +0.02 |
| UTHR United Therapeutics Corp. | Add +16.8% | 0.07% | +0.02 |
| RKLB Rocket Lab Corp. | Add +23.1% | 0.07% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +6.0% | 0.24% | +0.02 |
| CRDO Credo Technology Group Holdi | Add +24.6% | 0.05% | +0.02 |
| TPR Tapestry Inc. | Add +16.6% | 0.08% | +0.02 |
| FTAI Ftai Aviation Ltd. | Add +16.6% | 0.06% | +0.02 |
| EME Emcor Group Inc. | Add +16.3% | 0.10% | +0.02 |
| U Unity Software Inc. | Add +17.0% | 0.05% | +0.02 |
| KTOS Kratos Defense & Security | Add +24.4% | 0.03% | +0.02 |
| C Citigroup Inc. | Add +4.7% | 0.24% | +0.02 |
| KLAC KLA Corp. | Add +6.2% | 0.19% | +0.02 |
| CRH CRH PLC | Add +6.0% | 0.11% | +0.02 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | New | 0.02% | +0.02 |
| MP MP Materials Corp. | Add +24.6% | 0.03% | +0.02 |
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 |