Police & Firemen's Retirement System of New Jersey
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Police & Firemen's Retirement System of New Jersey reported 3,156 stock positions worth $12.0 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Apple (AAPL, 5.0%) and Microsoft (MSFT, 4.6%). Compared with Q3 2025, it opened 50 new positions, sold out of 62, added to 367 and reduced 1,613. The biggest buy was a new position in Totalenergies and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- TRENTON, NJ
- CIK
- 0002040686
- Portfolio Value
- $12.0B (Q4 2025)
- SEC Filing
- 0002040686-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 3,156 stocks · $12.0B
| NVDA Nvidia Corp. | 5.56% | 3,585,652 | $668.7M | Reduce -5.0% |
| AAPL Apple Inc. | 5.05% | 2,233,478 | $607.2M | Reduce -5.0% |
| MSFT Microsoft Corp. | 4.57% | 1,136,300 | $549.5M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 2.82% | 1,469,544 | $339.2M | Reduce -5.0% |
| GOOGL Alphabet Inc. Class A | 2.31% | 888,599 | $278.1M | Reduce -5.2% |
| AVGO Broadcom Inc. | 2.04% | 707,590 | $244.9M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 1.90% | 727,175 | $228.2M | Reduce -4.8% |
| META Meta Platforms Inc. Class A | 1.84% | 334,505 | $220.8M | Reduce -5.0% |
| TSLA Tesla Inc. | 1.62% | 432,304 | $194.4M | Reduce -4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 282,662 | $142.1M | Reduce -5.0% |
| JPM JPMorgan Chase & Co. | 1.11% | 416,137 | $134.1M | Reduce -7.1% |
| LLY Eli Lilly & Co. | 1.10% | 122,743 | $131.9M | Reduce -5.0% |
| V Visa Inc. Class A | 0.75% | 257,818 | $90.4M | Reduce -6.1% |
| XOM Exxon Mobil Corp. | 0.65% | 647,625 | $77.9M | Reduce -7.3% |
| JNJ Johnson & Johnson | 0.63% | 368,561 | $76.3M | Reduce -4.9% |
| WMT Walmart Inc. | 0.62% | 666,392 | $74.2M | Reduce -5.0% |
| MA Mastercard Inc. Class A | 0.58% | 123,108 | $70.3M | Reduce -6.3% |
| ABBV Abbvie Inc. | 0.52% | 271,506 | $62.0M | Reduce -4.9% |
| NFLX Netflix Inc. | 0.51% | 649,264 | $60.9M | Reduce -5.0% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 334,653 | $59.5M | Reduce -4.9% |
| COST Costco Wholesale Corp. | 0.49% | 67,988 | $58.6M | Reduce -5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 1,018,197 | $56.0M | Reduce -6.3% |
| AMD Advanced Micro Devices | 0.44% | 246,790 | $52.9M | Reduce -4.9% |
| HD Home Depot Inc. | 0.44% | 152,518 | $52.5M | Reduce -4.9% |
| PG The Procter & Gamble Co. | 0.43% | 359,626 | $51.5M | Reduce -4.9% |
| ORCL Oracle Corp. | 0.42% | 257,902 | $50.3M | Reduce -3.5% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 159,489 | $49.1M | Reduce -5.9% |
| MU Micron Technology Inc. | 0.41% | 171,310 | $48.9M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.39% | 609,846 | $47.0M | Reduce -5.0% |
| UNH Unitedhealth Group Inc. | 0.38% | 139,456 | $46.0M | Reduce -4.9% |
| WFC Wells Fargo & Co. | 0.37% | 481,441 | $44.9M | Reduce -7.4% |
| CVX Chevron Corp. | 0.36% | 287,322 | $43.8M | Reduce -7.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 142,624 | $42.2M | Reduce -4.9% |
| KO The Coca-Cola Co. | 0.35% | 595,567 | $41.6M | Reduce -5.0% |
| CAT Caterpillar Inc. | 0.34% | 70,990 | $40.7M | Reduce -5.0% |
| MRK Merck & Co. Inc. | 0.34% | 386,353 | $40.7M | Reduce -4.9% |
| GS Goldman Sachs Group Inc. | 0.33% | 45,087 | $39.6M | Reduce -7.3% |
| PM Philip Morris International | 0.32% | 238,867 | $38.3M | Reduce -4.9% |
| CRM Salesforce Inc. | 0.32% | 143,052 | $37.9M | Reduce -5.0% |
| RTX RTX Corp. | 0.31% | 205,195 | $37.6M | Reduce -4.9% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 57,920 | $33.6M | Reduce -4.7% |
| MCD McDonald's Corp. | 0.28% | 109,542 | $33.5M | Reduce -5.0% |
| ABT Abbott Laboratories | 0.28% | 265,633 | $33.3M | Reduce -4.8% |
| LRCX Lam Research Corp. | 0.27% | 192,253 | $32.9M | Reduce -6.8% |
| ROYAL BANK OF CANADA | 0.27% | 189,461 | $32.3M | Reduce -7.5% |
| C Citigroup Inc. | 0.26% | 272,065 | $31.7M | Reduce -7.8% |
| AMAT Applied Materials Inc. | 0.26% | 123,033 | $31.6M | Reduce -5.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 277,752 | $31.6M | Reduce -4.9% |
| MS Morgan Stanley | 0.26% | 176,973 | $31.4M | Reduce -4.9% |
| LIN Linde PLC | 0.26% | 72,013 | $30.7M | Reduce -4.8% |
| ISRG Intuitive Surgical Inc. | 0.25% | 54,070 | $30.6M | Reduce -6.0% |
| AXP American Express Co. | 0.25% | 82,766 | $30.6M | Reduce -6.6% |
| PEP Pepsico Inc. | 0.25% | 209,978 | $30.1M | Reduce -4.8% |
| QCOM Qualcomm Inc. | 0.24% | 165,896 | $28.4M | Reduce -4.9% |
| INTU Intuit Inc. | 0.23% | 41,904 | $27.8M | Reduce -4.8% |
| GEV GE Vernova Inc. | 0.23% | 41,803 | $27.3M | Reduce -5.2% |
| AMGN Amgen Inc. | 0.22% | 82,348 | $27.0M | Reduce -4.9% |
| BKNG Booking Holdings Inc. | 0.22% | 4,986 | $26.7M | Reduce -4.9% |
| SHOPIFY INC CLASS A | 0.22% | 164,906 | $26.6M | Reduce -7.0% |
| VZ Verizon Communications Inc. | 0.22% | 648,550 | $26.4M | Reduce -4.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 171,378 | $26.3M | Reduce -4.7% |
| T AT&T Inc. | 0.22% | 1,059,331 | $26.3M | Reduce -6.2% |
| SCHW Schwab (charles) Corp. | 0.22% | 261,116 | $26.1M | Reduce -5.3% |
| SPOT Spotify Technology SA | 0.22% | 44,709 | $26.0M | Reduce -5.0% |
| ACN Accenture PLC Class A | 0.21% | 96,015 | $25.8M | Reduce -4.7% |
| NEE Nextera Energy Inc. | 0.21% | 319,547 | $25.7M | Reduce -3.9% |
| UBER Uber Technologies Inc. | 0.21% | 309,051 | $25.3M | Reduce -4.8% |
| APH Amphenol Corp. Class A | 0.21% | 186,822 | $25.2M | Reduce -3.7% |
| BLK BlackRock Inc. | 0.21% | 23,345 | $25.0M | Reduce -4.9% |
| INTC Intel Corp. | 0.21% | 675,971 | $24.9M | Reduce -3.9% |
| BA The Boeing Co. | 0.21% | 114,227 | $24.8M | Reduce -2.3% |
| APP AppLovin Corp. Class A | 0.21% | 36,607 | $24.7M | Reduce -4.6% |
| KLAC KLA Corp. | 0.20% | 20,142 | $24.5M | Reduce -6.2% |
| SPGI S&P Global Inc. | 0.20% | 46,443 | $24.3M | Reduce -6.1% |
| NOW ServiceNow Inc. | 0.20% | 157,850 | $24.2M | Reduce -5.3% |
| TXN Texas Instruments Inc. | 0.20% | 138,884 | $24.1M | Reduce -5.3% |
| GILD Gilead Sciences Inc. | 0.19% | 190,464 | $23.4M | Reduce -5.2% |
| COF Capital One Financial Corp. | 0.19% | 96,068 | $23.3M | Reduce -5.4% |
| ADBE Adobe Inc. | 0.19% | 63,979 | $22.4M | Reduce -6.6% |
| DHR Danaher Corp. | 0.18% | 96,446 | $22.1M | Reduce -6.3% |
| PFE Pfizer Inc. | 0.18% | 873,035 | $21.7M | Reduce -4.6% |
| TORONTO DOMINION BANK | 0.18% | 228,634 | $21.6M | Reduce -8.6% |
| BSX Boston Scientific Corp. | 0.18% | 225,621 | $21.5M | Reduce -5.0% |
| UNP Union Pacific Corp. | 0.18% | 91,257 | $21.1M | Reduce -5.4% |
| LOW Lowe's Cos Inc. | 0.17% | 86,023 | $20.7M | Reduce -4.7% |
| ANET Arista Networks Inc. | 0.17% | 157,610 | $20.7M | Reduce -5.2% |
| ADI Analog Devices Inc. | 0.17% | 76,101 | $20.6M | Reduce -4.6% |
| PGR Progressive Corp. | 0.17% | 89,558 | $20.4M | Reduce -5.2% |
| UBS GROUP AG REG | 0.17% | 430,234 | $20.1M | Reduce -6.8% |
| WELL Welltower Inc. | 0.16% | 105,233 | $19.5M | Reduce -2.9% |
| ETN Eaton Corp. PLC | 0.16% | 60,175 | $19.2M | Reduce -4.5% |
| HON Honeywell International Inc. | 0.16% | 97,170 | $19.0M | Reduce -5.4% |
| PANW Palo Alto Networks Inc. | 0.16% | 102,846 | $18.9M | Reduce -2.9% |
| MDT Medtronic PLC | 0.16% | 197,100 | $18.9M | Reduce -4.8% |
| SYK Stryker Corp. | 0.15% | 52,562 | $18.5M | Reduce -5.1% |
| PLD Prologis Inc. | 0.15% | 142,248 | $18.2M | Reduce -4.7% |
| COP Conocophillips | 0.15% | 191,480 | $17.9M | Reduce -6.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 39,473 | $17.9M | Reduce -4.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.15% | 37,894 | $17.8M | Reduce -3.6% |
| CB Chubb Ltd. | 0.15% | 56,302 | $17.6M | Reduce -6.1% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -5.0% | 4.57% | −0.41 |
| CNYA iShares MSCI China A ETF | Sold out | 0.00% | −0.31 |
| META Meta Platforms Inc. Class A | Reduce -5.0% | 1.84% | −0.24 |
| ORCL Oracle Corp. | Reduce -3.5% | 0.42% | −0.19 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.18 |
| NFLX Netflix Inc. | Reduce -5.0% | 0.51% | −0.15 |
| NVDA Nvidia Corp. | Reduce -5.0% | 5.56% | −0.10 |
| HD Home Depot Inc. | Reduce -4.9% | 0.44% | −0.09 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.07 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −0.06 |
| MSTR Strategy Inc. | Reduce -4.3% | 0.05% | −0.06 |
| SPOT Spotify Technology SA | Reduce -5.0% | 0.22% | −0.05 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.05 |
| RBLX Roblox Corp. Class A | Reduce -4.3% | 0.06% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -5.2% | 0.49% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -4.8% | 0.21% | −0.05 |
| NOW ServiceNow Inc. | Reduce -5.3% | 0.20% | −0.05 |
| FISV Fiserv Inc. | Reduce -5.0% | 0.05% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -4.9% | 0.43% | −0.04 |
| T AT&T Inc. | Reduce -6.2% | 0.22% | −0.04 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.04 |
| QGEN Qiagen N.V. | Sold out | 0.00% | −0.03 |
| LIN Linde PLC | Reduce -4.8% | 0.26% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -4.5% | 0.16% | −0.03 |
| HOOD Robinhood Markets Inc. Class A | Reduce -4.5% | 0.11% | −0.03 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| AMRIZE LTD | Sold out | 0.00% | −0.03 |
| SE Sea Ltd.-ADR | Reduce -7.1% | 0.05% | −0.03 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -4.9% | 0.38% | −0.02 |
| ABT Abbott Laboratories | Reduce -4.8% | 0.28% | −0.02 |
| ANET Arista Networks Inc. | Reduce -5.2% | 0.17% | −0.02 |
| DASH DoorDash Inc. Class A | Reduce -4.6% | 0.10% | −0.02 |
| BLK BlackRock Inc. | Reduce -4.9% | 0.21% | −0.02 |
| CVX Chevron Corp. | Reduce -7.2% | 0.36% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -4.9% | 0.49% | −0.02 |
| ORLY O'reilly Automotive Inc. | Reduce -6.2% | 0.10% | −0.02 |
| ADP Automatic Data Processing | Reduce -4.6% | 0.13% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.0% | 1.18% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -5.2% | 0.02% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -7.1% | 1.11% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -4.6% | 0.22% | −0.02 |
| MO Altria Group Inc. | Reduce -5.0% | 0.12% | −0.02 |
| NTNX Nutanix Inc. Class A | Reduce -2.8% | 0.05% | −0.02 |
| AZO AutoZone Inc. | Reduce -4.5% | 0.07% | −0.02 |
| DUOL Duolingo | Reduce -4.5% | 0.02% | −0.02 |
| FERRARI NV | Reduce -8.8% | 0.05% | −0.02 |
| P Everpure Inc. Class A | Reduce -3.9% | 0.07% | −0.02 |
| PGR Progressive Corp. | Reduce -5.2% | 0.17% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -4.7% | 0.08% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| TOTALENERGIES SE | New | 0.14% | +0.14 |
| INSM Insmed Inc. | Add +8.0% | 0.13% | +0.03 |
| IFS Intercorp Financial Services | Add +493.0% | 0.03% | +0.02 |
| ASTS Ast Spacemobile Inc. | Add +8.7% | 0.06% | +0.02 |
| NBIS Nebius Group NV | New | 0.02% | +0.02 |
| RKT Rocket Cos Inc. Class A | Add +261.8% | 0.02% | +0.02 |
| TOWER SEMICONDUCTOR LTD | Add +3.0% | 0.04% | +0.02 |
| RGLD Royal Gold Inc. | Add +18.5% | 0.06% | +0.02 |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | New | 0.01% | +0.01 |
| THE BOYD GROUP INC | New | 0.01% | +0.01 |
| OMC Omnicom Group | Add +57.9% | 0.03% | +0.01 |
| PRAX Praxis Precision Medicines I | Add +23.2% | 0.01% | +0.01 |
| HL Hecla Mining Co. | Add +2.0% | 0.03% | +0.01 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +4.7% | 0.02% | +0.01 |
| NLY Annaly Capital Management Inc. | Add +5.1% | 0.06% | +0.01 |
| COKE Coca-Cola Consolidated Inc. | Add +4.4% | 0.03% | +0.01 |
| EQUINOX GOLD CORP | Add +7.7% | 0.03% | +0.01 |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | New | 0.01% | +0.01 |
| RNAM Avidity Biosciences Inc. | Add +9.5% | 0.02% | +0.01 |
| PAX Patria Investments Ltd. Class A | Add +154.6% | 0.01% | +0.01 |
| NDAQ Nasdaq Inc. | Add +3.6% | 0.06% | +0.01 |
| IAMGOLD CORP | Add +2.5% | 0.03% | +0.01 |
| COGT Cogent Biosciences Inc. | Add +5.1% | 0.01% | +0.01 |
| FIRST MAJESTIC SILVER CORP | Add +3.7% | 0.02% | +0.01 |
| ENLIGHT RENEWABLE ENERGY LTD | Add +7.0% | 0.02% | +0.01 |
| HUDBAY MINERALS INC | Add +2.8% | 0.02% | +0.01 |
| TERN Terns Pharmaceuticals Inc. | Add +5.4% | 0.01% | +0.01 |
| CDTX Cidara Therapeutics Inc. | Add +21.1% | 0.01% | +0.01 |
| EL Estee Lauder Companies Class A | Add +0.4% | 0.03% | +0.01 |
| KRMN Karman Holdings Inc. | Add +78.0% | 0.01% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +3.1% | 0.11% | +0.01 |
| ORLA MINING LTD | Add +37.6% | 0.01% | +0.01 |
| CLF Cleveland-Cliffs Inc. | Add +10.5% | 0.03% | +0.01 |
| FLUOR CORP (FLR 1.125 08/15/29) | Add +111.7% | 0.01% | +0.01 |
| AGNC AGNC Investment Corp. | Add +0.8% | 0.04% | +0.01 |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | Add +78.7% | 0.01% | +0.01 |
| CWAN Clearwater Analytics HDS-A | Add +8.9% | 0.01% | +0.01 |
| PR Permian Resources Corp. Class A | Add +2.8% | 0.03% | +0.01 |
| CHDN Churchill Downs Inc. | Add +0.6% | 0.03% | +0.00 |
| W Wayfair Inc. Class A | Add +0.1% | 0.03% | +0.00 |
| FIGR Figure Technology Solut Class A | New | 0.00% | +0.00 |
| BULL Webull Corp. | New | 0.00% | +0.00 |
| FOLD Amicus Therapeutics Inc. | Add +4.2% | 0.01% | +0.00 |
| ARIS MINING CORP | Add +21.1% | 0.01% | +0.00 |
| BLSH Bullish | New | 0.00% | +0.00 |
| ALMONTY INDUSTRIES INC | New | 0.00% | +0.00 |
| JD.COM INC (JD 0.25 06/01/29) | New | 0.00% | +0.00 |
| CELC Celcuity Inc. | Add +4.2% | 0.01% | +0.00 |
| PL Planet Labs PBC | Add +0.6% | 0.01% | +0.00 |
| AUGO Aura Minerals Inc. | New | 0.00% | +0.00 |
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 |