Securian Asset Management, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Securian Asset Management, Inc. reported 925 stock positions worth $3.4 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Apple (AAPL, 4.3%) and Nvidia (NVDA, 3.9%). Compared with Q4 2023, it opened 9 new positions, sold out of 10, added to 22 and reduced 863. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +1%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −92%).

Most Recent 13F
Q2 2026
Location
ST PAUL, MN
CIK
0001035350
Portfolio Value
$3.4B (Q1 2024)
SEC Filing
0001104659-24-052784 ↗ filed Apr 26, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $3.4B $3.4B Q1 2024 Q2 2024: $3.4B Q2 2024 Q3 2024: $3.5B Q3 2024 Q4 2024: $3.4B Q4 2024 Q1 2025: $3.3B Q1 2025 Q2 2025: $3.5B Q2 2025 Q3 2025: $3.8B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $2.5B Q1 2026 Q2 2026: $2.8B Q2 2026

Holdings 925 stocks · $3.4B
MSFT Microsoft Corp. 5.40% 437,651 $184.1M Reduce -7.0%
AAPL Apple Inc. 4.30% 854,950 $146.6M Reduce -7.7%
NVDA Nvidia Corp. 3.86% 145,483 $131.5M Reduce -7.0%
USMV iShares MSCI USA Min Vol Fac 3.02% 1,231,762 $103.0M Reduce -4.6%
HDV iShares Core High Dividend E 2.96% 915,202 $100.9M Reduce -2.2%
AMZN Amazon.com Inc. 2.85% 538,396 $97.1M Reduce -6.5%
EFAV iShares MSCI Eafe Min Vol Fa 2.31% 1,113,648 $78.9M Reduce -1.1%
META Meta Platforms Inc. Class A 1.85% 129,582 $62.9M Reduce -7.8%
GOOGL Alphabet Inc. Class A 1.54% 347,095 $52.4M Reduce -7.4%
SPLV Invesco S&P 500 Low Volatili 1.33% 690,000 $45.5M No change
BRK.B Berkshire Hathaway Inc. Class B 1.32% 107,164 $45.1M Reduce -7.0%
GOOG Alphabet Inc. Class C 1.30% 290,597 $44.2M Reduce -7.9%
SCHD Schwab US DVD Equity ETF 1.25% 527,000 $42.5M No change
IVV iShares Core S&P 500 ETF 1.19% 77,260 $40.6M Reduce -38.3%
LLY Eli Lilly & Co. 1.07% 46,968 $36.5M Reduce -7.1%
AVGO Broadcom Inc. 1.01% 25,920 $34.4M Reduce -6.8%
VOO Vanguard S&P 500 ETF 1.00% 71,098 $34.2M Add +1.1%
JPM JPMorgan Chase & Co. 1.00% 170,279 $34.1M Reduce -7.0%
TSLA Tesla Inc. 0.84% 163,197 $28.7M Reduce -6.8%
XOM Exxon Mobil Corp. 0.80% 233,890 $27.2M Reduce -7.8%
UNH Unitedhealth Group Inc. 0.79% 54,478 $27.0M Reduce -7.0%
V Visa Inc. Class A 0.76% 93,155 $26.0M Reduce -7.7%
MA Mastercard Inc. Class A 0.69% 48,594 $23.4M Reduce -7.3%
HD Home Depot Inc. 0.66% 58,621 $22.5M Reduce -7.5%
PG The Procter & Gamble Co. 0.66% 138,591 $22.5M Reduce -7.2%
JNJ Johnson & Johnson 0.66% 141,787 $22.4M Reduce -7.0%
MRK Merck & Co. Inc. 0.58% 149,252 $19.7M Reduce -7.0%
EEMV iShares MSCI Emg MKT Min Vol 0.58% 347,420 $19.7M No change
COST Costco Wholesale Corp. 0.56% 26,136 $19.1M Reduce -6.9%
ABBV Abbvie Inc. 0.56% 103,989 $18.9M Reduce -7.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.55% 36,170 $18.9M Reduce -91.7%
AMD Advanced Micro Devices 0.50% 95,169 $17.2M Reduce -7.0%
CRM Salesforce Inc. 0.50% 57,015 $17.2M Reduce -7.4%
USIG iShares Broad Usd Investment 0.47% 318,117 $16.2M Add +2.3%
CVX Chevron Corp. 0.47% 102,157 $16.1M Reduce -8.1%
NEAR iShares SH Dba ETF Usd Inc. 0.47% 318,620 $16.1M No change
NFLX Netflix Inc. 0.45% 25,490 $15.5M Reduce -8.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 405,520 $15.4M Reduce -7.0%
WMT Walmart Inc. 0.44% 252,128 $15.2M Reduce -7.0%
EWG iShares MSCI Germany ETF 0.42% 448,182 $14.2M No change
PEP Pepsico Inc. 0.42% 80,953 $14.2M Reduce -7.0%
KO The Coca-Cola Co. 0.41% 229,182 $14.0M Reduce -7.0%
IDV iShares International Select 0.41% 500,000 $14.0M No change
ADBE Adobe Inc. 0.39% 26,623 $13.4M Reduce -7.8%
LIN Linde PLC 0.39% 28,560 $13.3M Reduce -7.0%
TMO Thermo Fisher Scientific Inc. 0.39% 22,757 $13.2M Reduce -7.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.39% 108,039 $13.2M Reduce -6.8%
ACN Accenture PLC Class A 0.38% 36,929 $12.8M Reduce -7.1%
IDEV iShares Core MSCI Dev MKTS 0.36% 183,029 $12.3M Add +2.5%
WFC Wells Fargo & Co. 0.36% 211,971 $12.3M Reduce -7.8%
MCD McDonald's Corp. 0.35% 42,722 $12.0M Reduce -7.0%
CSCO Cisco Systems Inc. 0.35% 239,336 $11.9M Reduce -6.7%
ORCL Oracle Corp. 0.35% 93,907 $11.8M Reduce -6.7%
ABT Abbott Laboratories 0.34% 102,252 $11.6M Reduce -7.0%
GE General Electric 0.33% 64,101 $11.3M Reduce -6.9%
QCOM Qualcomm Inc. 0.33% 65,732 $11.1M Reduce -6.8%
INTC Intel Corp. 0.32% 249,027 $11.0M Reduce -6.7%
CAT Caterpillar Inc. 0.32% 29,985 $11.0M Reduce -7.3%
INTU Intuit Inc. 0.31% 16,489 $10.7M Reduce -7.1%
VZ Verizon Communications Inc. 0.30% 247,630 $10.4M Reduce -7.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.30% 53,893 $10.3M Reduce -6.8%
CMCSA Comcast Corp. Class A 0.30% 233,384 $10.1M Reduce -8.2%
AMAT Applied Materials Inc. 0.30% 49,007 $10.1M Reduce -7.5%
DHR Danaher Corp. 0.28% 38,735 $9.7M Reduce -7.0%
UBER Uber Technologies Inc. 0.27% 121,206 $9.3M Reduce -7.0%
TXN Texas Instruments Inc. 0.27% 53,556 $9.3M Reduce -6.8%
PFE Pfizer Inc. 0.27% 332,571 $9.2M Reduce -7.0%
NOW ServiceNow Inc. 0.27% 12,075 $9.2M Reduce -7.3%
AMGN Amgen Inc. 0.26% 31,511 $9.0M Reduce -7.1%
UNP Union Pacific Corp. 0.26% 35,915 $8.8M Reduce -7.0%
COP Conocophillips 0.26% 69,389 $8.8M Reduce -7.7%
LOW Lowe's Cos Inc. 0.25% 33,874 $8.6M Reduce -7.3%
PM Philip Morris International 0.25% 91,438 $8.4M Reduce -7.0%
ISRG Intuitive Surgical Inc. 0.24% 20,752 $8.3M Reduce -6.9%
SPGI S&P Global Inc. 0.24% 18,924 $8.1M Reduce -8.0%
GS Goldman Sachs Group Inc. 0.24% 19,207 $8.0M Reduce -7.0%
HON Honeywell International Inc. 0.23% 38,829 $8.0M Reduce -7.0%
NEE Nextera Energy Inc. 0.23% 120,844 $7.7M Reduce -7.0%
AXP American Express Co. 0.22% 33,682 $7.7M Reduce -7.6%
MU Micron Technology Inc. 0.22% 65,019 $7.7M Reduce -6.5%
RTX RTX Corp. 0.22% 78,149 $7.6M Reduce -14.2%
LRCX Lam Research Corp. 0.22% 7,723 $7.5M Reduce -7.7%
BKNG Booking Holdings Inc. 0.22% 2,055 $7.5M Reduce -8.2%
T AT&T Inc. 0.22% 421,132 $7.4M Reduce -7.0%
ETN Eaton Corp. PLC 0.22% 23,518 $7.4M Reduce -7.0%
ELV Elevance Health Inc. 0.21% 13,839 $7.2M Reduce -7.2%
PGR Progressive Corp. 0.21% 34,474 $7.1M Reduce -6.8%
SYK Stryker Corp. 0.21% 19,917 $7.1M Reduce -7.0%
C Citigroup Inc. 0.21% 112,091 $7.1M Reduce -7.5%
PLD Prologis Inc. 0.21% 54,421 $7.1M Reduce -6.9%
MS Morgan Stanley 0.20% 73,788 $6.9M Reduce -7.8%
SPEM State Street SP PTF Em ETF 0.20% 189,460 $6.9M Add +2.5%
BLK BlackRock Finance Inc. 0.20% 8,211 $6.8M Reduce -7.5%
MDT Medtronic PLC 0.20% 78,315 $6.8M Reduce -7.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.20% 67,126 $6.8M Reduce -7.4%
NKE Nike Inc. Class B 0.20% 71,693 $6.7M Reduce -7.5%
DVYE iShares Emerging Markets Div 0.19% 250,000 $6.5M No change
BA The Boeing Co. 0.19% 33,760 $6.5M Reduce -6.2%
BMY Bristol-Myers Squibb Co. 0.19% 119,846 $6.5M Reduce -7.0%
VRTX Vertex Pharmaceuticals Inc. 0.19% 15,179 $6.3M Reduce -7.0%

Show all 925 holdings

Portfolio Sells Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -91.7% 0.55% −5.31
AAPL Apple Inc. Reduce -7.7% 4.30% −0.75
IVV iShares Core S&P 500 ETF Reduce -38.3% 1.19% −0.50
TSLA Tesla Inc. Reduce -6.8% 0.84% −0.39
ADBE Adobe Inc. Reduce -7.8% 0.39% −0.09
UNH Unitedhealth Group Inc. Reduce -7.0% 0.79% −0.08
BA The Boeing Co. Reduce -6.2% 0.19% −0.07
INTC Intel Corp. Reduce -6.7% 0.32% −0.06
NKE Nike Inc. Class B Reduce -7.5% 0.20% −0.04
CPAY Fleetcor Technologies Inc. Sold out 0.00% −0.04
COO Cooper Cos Inc. Sold out 0.00% −0.03
MCD McDonald's Corp. Reduce -7.0% 0.35% −0.03
LULU Lululemon Athletica Inc. Reduce -8.3% 0.08% −0.03
HUM Humana Inc. Reduce -8.1% 0.07% −0.03
ZTS Zoetis Inc. Reduce -6.9% 0.13% −0.03
GILD Gilead Sciences Inc. Reduce -7.0% 0.16% −0.02
AMT American Tower Corp. Reduce -7.0% 0.16% −0.02
PFE Pfizer Inc. Reduce -7.0% 0.27% −0.02
SPGI S&P Global Inc. Reduce -8.0% 0.24% −0.02
CHTR Charter Communications Inc. Class A Reduce -9.0% 0.05% −0.02
ACN Accenture PLC Class A Reduce -7.1% 0.38% −0.02
JNJ Johnson & Johnson Reduce -7.0% 0.66% −0.02
CMCSA Comcast Corp. Class A Reduce -8.2% 0.30% −0.02
SBUX Starbucks Corp. Reduce -7.8% 0.18% −0.02
UPS United Parcel Service Class B Reduce -6.9% 0.19% −0.02
CSCO Cisco Systems Inc. Reduce -6.7% 0.35% −0.02
PM Philip Morris International Reduce -7.0% 0.25% −0.02
APD Air Products & Chemicals Inc. Reduce -7.0% 0.09% −0.02
SRC Spirit Realty Capital Inc. Sold out 0.00% −0.01
HON Honeywell International Inc. Reduce -7.0% 0.23% −0.01
NEM Newmont Corp. Reduce -7.0% 0.07% −0.01
AMGN Amgen Inc. Reduce -7.1% 0.26% −0.01
MDLZ Mondelez International Inc. Class A Reduce -7.9% 0.16% −0.01
BIIB Biogen Inc. Reduce -7.4% 0.05% −0.01
PLD Prologis Inc. Reduce -6.9% 0.21% −0.01
FLG New York Community Bancorp Reduce -2.6% 0.01% −0.01
WBD Warner Bros Discovery Inc. Reduce -7.0% 0.03% −0.01
ADM Archer-Daniels-Midland Co. Reduce -7.0% 0.06% −0.01
LMT Lockheed Martin Corp. Reduce -9.4% 0.17% −0.01
CCI Crown Castle Inc. Reduce -7.0% 0.08% −0.01
ON On Semiconductor Reduce -7.5% 0.05% −0.01
RUN Sunrun Inc. Sold out 0.00% −0.01
PANW Palo Alto Networks Inc. Reduce -5.8% 0.15% −0.01
UNP Union Pacific Corp. Reduce -7.0% 0.26% −0.01
XEL Xcel Energy Inc. Reduce -6.8% 0.05% −0.01
SBAC SBA Communications Corp. Reduce -8.5% 0.04% −0.01
CVS CVS Health Corp. Reduce -8.8% 0.17% −0.01
ADI Analog Devices Inc. Reduce -7.5% 0.17% −0.01
NARI Inari Medical Inc. Sold out 0.00% −0.01
MS Morgan Stanley Reduce -7.8% 0.20% −0.01

Portfolio Buys Q4 2023 → Q1 2024
VOO Vanguard S&P 500 ETF Add +1.1% 1.00% +0.13
IDEV iShares Core MSCI Dev MKTS Add +2.5% 0.36% +0.04
P Everpure Inc. Class A New 0.04% +0.04
AMH American Homes 4 Rent- A New 0.03% +0.03
ELF Elf Beauty Inc. New 0.03% +0.03
BG Bunge Global SA New 0.03% +0.03
USIG iShares Broad Usd Investment Add +2.3% 0.47% +0.02
AIT Applied Industrial Tech Inc. New 0.02% +0.02
CYTK Cytokinetics Inc. New 0.02% +0.02
SPEM State Street SP PTF Em ETF Add +2.5% 0.20% +0.02
GEHC GE Healthcare Technology Add +1.0% 0.07% +0.01
APPF Appfolio Inc. Class A New 0.01% +0.01
IAGG iShares Intl Aggregate Bond Add +2.5% 0.18% +0.01
CNM Core & Main Inc. Class A Add +20.4% 0.02% +0.01
USHY iShares Broad Usd High Yield Add +2.6% 0.14% +0.01
ROIV Roivant Sciences Ltd. New 0.01% +0.01
PR Permian Resources Corp. Class A Add +8.1% 0.02% +0.01
NDAQ Nasdaq Inc. Add +4.2% 0.04% +0.01
SPSM SS SPDR P S&P 600 Small Cap Add +2.7% 0.07% +0.01
WHR Whirlpool Corp. Add +30.5% 0.02% +0.00
ZION Zions Bancorp NA Add +30.3% 0.02% +0.00
DOC Healthpeak Properties Inc. Add +20.6% 0.02% +0.00
USRT iShares Core US REIT ETF Add +2.5% 0.06% +0.00
O Realty Income Corp. Add +6.8% 0.08% +0.00
SNX TD Synnex Corp. Add +8.6% 0.02% +0.00
SPMD SS SPDR P S&P 400 Midcap ETF New 0.00% +0.00
APA Apa Corp. Add +10.3% 0.02% +0.00
ARWR Arrowhead Pharmaceuticals Inc. Add +12.5% 0.01% +0.00
SR Spire Inc. Add +3.8% 0.01% +0.00
DOCS Doximity Inc. Class A Add +0.8% 0.01% 0.00
SHC Sotera Health Co. Add +22.9% 0.00% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 926$2.8BVOO, IVV, NVDA, AAPL, HDV
Q1 2026 925$2.5BVOO, IVV, NVDA, AAPL, HDV
Q4 2025 927$2.6BIVV, VOO, NVDA, AAPL, MSFT
Q3 2025 928$3.8BNVDA, IVV, MSFT, AAPL, AMZN
Q2 2025 929$3.5BNVDA, MSFT, AAPL, AMZN, HDV
Q1 2025 929$3.3BAAPL, MSFT, NVDA, HDV, USMV
Q4 2024 926$3.4BAAPL, NVDA, MSFT, AMZN, HDV
Q3 2024 922$3.5BAAPL, MSFT, NVDA, HDV, USMV
Q2 2024 927$3.4BMSFT, NVDA, AAPL, AMZN, USMV
Q1 2024 925$3.4BMSFT, AAPL, NVDA, USMV, HDV