Securian Asset Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Securian Asset Management, Inc. reported 929 stock positions worth $3.3 billion. Its top holding was Apple (AAPL) at 5.4% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Nvidia (NVDA, 4.3%). Compared with Q4 2024, it opened 15 new positions, sold out of 12, added to 108 and reduced 486. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- ST PAUL, MN
- CIK
- 0001035350
- Portfolio Value
- $3.3B (Q1 2025)
- SEC Filing
- 0001104659-25-043577 ↗ filed May 1, 2025
Holdings Value
Holdings 929 stocks · $3.3B
| AAPL Apple Inc. | 5.37% | 795,747 | $176.8M | Reduce -2.0% |
| MSFT Microsoft Corp. | 4.49% | 393,793 | $147.8M | Reduce -1.4% |
| NVDA Nvidia Corp. | 4.27% | 1,297,281 | $140.6M | Reduce -1.6% |
| HDV iShares Core High Dividend E | 3.05% | 827,802 | $100.3M | Reduce -2.0% |
| USMV iShares MSCI USA Min Vol Fac | 2.92% | 1,025,287 | $96.0M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 2.89% | 499,629 | $95.1M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 2.03% | 116,003 | $66.9M | Reduce -1.0% |
| EFAV iShares MSCI Eafe Min Vol Fa | 1.98% | 834,519 | $65.0M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.57% | 97,141 | $51.7M | Reduce -1.4% |
| SPLV Invesco S&P 500 Low Volatili | 1.57% | 690,000 | $51.6M | No change |
| GOOGL Alphabet Inc. Class A | 1.45% | 308,985 | $47.8M | Reduce -1.6% |
| SCHD Schwab US DVD Equity ETF | 1.34% | 1,581,000 | $44.2M | No change |
| AVGO Broadcom Inc. | 1.26% | 248,298 | $41.6M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 1.19% | 250,420 | $39.1M | Reduce -2.1% |
| TSLA Tesla Inc. | 1.17% | 148,247 | $38.4M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 1.10% | 148,115 | $36.3M | Reduce -2.1% |
| LLY Eli Lilly & Co. | 1.05% | 41,758 | $34.5M | Reduce -1.4% |
| V Visa Inc. Class A | 0.97% | 91,289 | $32.0M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 0.89% | 56,858 | $29.2M | Reduce -4.7% |
| XOM Exxon Mobil Corp. | 0.83% | 230,586 | $27.4M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 0.78% | 48,773 | $25.5M | Reduce -1.4% |
| IVV iShares Core S&P 500 ETF | 0.77% | 45,020 | $25.3M | Reduce -18.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.73% | 43,190 | $24.2M | Reduce -3.7% |
| MA Mastercard Inc. Class A | 0.72% | 43,141 | $23.6M | Reduce -2.1% |
| COST Costco Wholesale Corp. | 0.68% | 23,503 | $22.2M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.64% | 124,211 | $21.2M | Reduce -1.9% |
| JNJ Johnson & Johnson | 0.64% | 127,496 | $21.1M | Reduce -1.5% |
| NFLX Netflix Inc. | 0.64% | 22,662 | $21.1M | Reduce -1.4% |
| WMT Walmart Inc. | 0.61% | 229,793 | $20.2M | Reduce -1.5% |
| ABBV Abbvie Inc. | 0.60% | 93,508 | $19.6M | Reduce -1.5% |
| HD Home Depot Inc. | 0.59% | 52,644 | $19.3M | Reduce -1.4% |
| USIG iShares Broad Usd Investment | 0.56% | 360,017 | $18.4M | Add +10.4% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.49% | 318,620 | $16.2M | No change |
| IDV iShares International Select | 0.47% | 500,000 | $15.5M | No change |
| CVX Chevron Corp. | 0.45% | 88,473 | $14.8M | Reduce -1.5% |
| KO The Coca-Cola Co. | 0.45% | 205,096 | $14.7M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 350,750 | $14.6M | Reduce -2.2% |
| IDEV iShares Core MSCI Dev MKTS | 0.43% | 205,529 | $14.2M | Add +13.8% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.43% | 242,456 | $14.1M | No change |
| CRM Salesforce Inc. | 0.41% | 50,690 | $13.6M | Reduce -1.3% |
| PM Philip Morris International | 0.40% | 82,302 | $13.1M | Reduce -1.5% |
| CSCO Cisco Systems Inc. | 0.40% | 210,973 | $13.0M | Reduce -1.5% |
| WFC Wells Fargo & Co. | 0.38% | 174,218 | $12.5M | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 49,003 | $12.2M | Reduce -1.4% |
| ABT Abbott Laboratories | 0.37% | 91,820 | $12.2M | Reduce -1.5% |
| MRK Merck & Co. Inc. | 0.37% | 133,962 | $12.0M | Reduce -1.5% |
| ORCL Oracle Corp. | 0.36% | 85,932 | $12.0M | Reduce -0.5% |
| MCD McDonald's Corp. | 0.36% | 37,979 | $11.9M | Reduce -1.4% |
| LIN Linde PLC | 0.36% | 25,235 | $11.8M | Reduce -1.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 56,854 | $11.4M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.33% | 72,598 | $10.9M | Reduce -1.6% |
| T AT&T Inc. | 0.33% | 380,241 | $10.8M | Reduce -1.4% |
| ACN Accenture PLC Class A | 0.31% | 33,131 | $10.3M | Reduce -1.4% |
| VZ Verizon Communications Inc. | 0.31% | 222,995 | $10.1M | Reduce -1.4% |
| EWG iShares MSCI Germany ETF | 0.31% | 272,291 | $10.1M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 20,285 | $10.1M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 95,761 | $9.5M | Reduce -1.6% |
| ISRG Intuitive Surgical Inc. | 0.28% | 18,889 | $9.4M | Reduce -1.3% |
| RTX RTX Corp. | 0.28% | 70,567 | $9.3M | Reduce -1.4% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 108,533 | $9.2M | Reduce -1.5% |
| INTU Intuit Inc. | 0.28% | 14,871 | $9.1M | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 0.28% | 16,591 | $9.1M | Reduce -1.7% |
| QCOM Qualcomm Inc. | 0.27% | 58,586 | $9.0M | Reduce -1.9% |
| AMGN Amgen Inc. | 0.27% | 28,480 | $8.9M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.27% | 23,060 | $8.8M | Reduce -2.5% |
| AMD Advanced Micro Devices | 0.27% | 85,839 | $8.8M | Reduce -1.6% |
| PGR Progressive Corp. | 0.27% | 31,046 | $8.8M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.27% | 10,972 | $8.7M | Reduce -0.9% |
| TXN Texas Instruments Inc. | 0.26% | 48,197 | $8.7M | Reduce -1.7% |
| SPGI S&P Global Inc. | 0.26% | 16,673 | $8.5M | Reduce -2.3% |
| CAT Caterpillar Inc. | 0.25% | 25,318 | $8.3M | Reduce -2.4% |
| BKNG Booking Holdings Inc. | 0.25% | 1,754 | $8.1M | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.24% | 110,657 | $8.1M | Reduce -2.2% |
| AXP American Express Co. | 0.24% | 29,456 | $7.9M | Reduce -1.5% |
| BSX Boston Scientific Corp. | 0.24% | 78,008 | $7.9M | Reduce -1.5% |
| NEE Nextera Energy Inc. | 0.23% | 108,883 | $7.7M | Reduce -1.5% |
| MS Morgan Stanley | 0.23% | 65,546 | $7.6M | Reduce -1.7% |
| PFE Pfizer Inc. | 0.23% | 300,190 | $7.6M | Reduce -1.4% |
| UNP Union Pacific Corp. | 0.23% | 31,981 | $7.6M | Reduce -1.9% |
| GILD Gilead Sciences Inc. | 0.22% | 65,948 | $7.4M | Reduce -1.5% |
| CMCSA Comcast Corp. Class A | 0.22% | 199,787 | $7.4M | Reduce -2.6% |
| BLK BlackRock Inc. | 0.22% | 7,746 | $7.3M | New |
| SPEM State Street SP PTF Em ETF | 0.22% | 185,560 | $7.3M | No change |
| HON Honeywell International Inc. | 0.22% | 34,460 | $7.3M | Reduce -1.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 59,548 | $7.3M | Reduce -1.8% |
| COP Conocophillips | 0.22% | 67,584 | $7.1M | Reduce -2.8% |
| SCHW Schwab (charles) Corp. | 0.21% | 90,259 | $7.1M | Add +12.3% |
| C Citigroup Inc. | 0.21% | 99,432 | $7.1M | Reduce -2.2% |
| LOW Lowe's Cos Inc. | 0.21% | 29,899 | $7.0M | Reduce -1.9% |
| DHR Danaher Corp. | 0.21% | 33,898 | $6.9M | Reduce -1.9% |
| DVYE iShares Emerging Markets Div | 0.21% | 250,000 | $6.8M | No change |
| SYK Stryker Corp. | 0.21% | 18,213 | $6.8M | Reduce -1.3% |
| TMUS T-Mobile US Inc. | 0.21% | 25,402 | $6.8M | Reduce -3.0% |
| BA The Boeing Co. | 0.21% | 39,680 | $6.8M | Reduce -1.0% |
| IAGG iShares Intl Aggregate Bond | 0.20% | 133,326 | $6.7M | No change |
| FISV Fiserv Inc. | 0.20% | 30,150 | $6.7M | Reduce -1.4% |
| ADP Automatic Data Processing | 0.20% | 21,612 | $6.6M | Reduce -1.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 13,598 | $6.6M | Reduce -1.5% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 107,415 | $6.6M | Reduce -1.5% |
| MRSH Marsh & McLennan Cos | 0.19% | 26,028 | $6.4M | Reduce -1.4% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.6% | 4.27% | −0.88 |
| TSLA Tesla Inc. | Reduce -1.2% | 1.17% | −0.60 |
| AAPL Apple Inc. | Reduce -2.0% | 5.37% | −0.55 |
| AVGO Broadcom Inc. | Reduce -1.1% | 1.26% | −0.43 |
| MSFT Microsoft Corp. | Reduce -1.4% | 4.49% | −0.41 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 2.89% | −0.32 |
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 1.45% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 1.19% | −0.23 |
| IVV iShares Core S&P 500 ETF | Reduce -18.9% | 0.77% | −0.18 |
| CRM Salesforce Inc. | Reduce -1.3% | 0.41% | −0.09 |
| NOW ServiceNow Inc. | Reduce -0.9% | 0.27% | −0.08 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.36% | −0.05 |
| ANET Arista Networks Inc. | Reduce -1.6% | 0.13% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -4.7% | 0.89% | −0.05 |
| AMD Advanced Micro Devices | Reduce -1.6% | 0.27% | −0.04 |
| ADBE Adobe Inc. | Reduce -2.5% | 0.27% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -1.4% | 0.17% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.7% | 0.73% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -1.7% | 0.13% | −0.03 |
| BX Blackstone Inc. | Reduce -0.1% | 0.16% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -2.7% | 0.10% | −0.03 |
| ACN Accenture PLC Class A | Reduce -1.4% | 0.31% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -1.5% | 0.37% | −0.03 |
| DIS The Walt Disney Co. | Reduce -1.6% | 0.29% | −0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -24.1% | 0.05% | −0.02 |
| DECK Deckers Outdoor Corp. | Reduce -1.2% | 0.03% | −0.02 |
| TGT Target Corp. | Reduce -2.0% | 0.08% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -11.8% | 0.13% | −0.02 |
| CAT Caterpillar Inc. | Reduce -2.4% | 0.25% | −0.02 |
| NKE Nike Inc. Class B | Reduce -2.2% | 0.12% | −0.02 |
| WSM Williams-Sonoma Inc. | Reduce -31.7% | 0.03% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -2.8% | 0.19% | −0.02 |
| DHR Danaher Corp. | Reduce -1.9% | 0.21% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -2.0% | 0.11% | −0.02 |
| HD Home Depot Inc. | Reduce -1.4% | 0.59% | −0.02 |
| AXP American Express Co. | Reduce -1.5% | 0.24% | −0.02 |
| APO Apollo Global Management Inc. | Reduce -1.4% | 0.10% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -1.5% | 0.11% | −0.02 |
| GM General Motors Co. | Reduce -10.8% | 0.08% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -1.8% | 0.05% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -1.6% | 0.04% | −0.02 |
| EQIX Equinix Inc. | Reduce -0.9% | 0.13% | −0.02 |
| UPS United Parcel Service Class B | Reduce -1.6% | 0.13% | −0.02 |
| ON On Semiconductor | Reduce -2.5% | 0.03% | −0.01 |
| SRE Sempra | Reduce -1.7% | 0.07% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.2% | 0.44% | −0.01 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.01 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.01 |
| UAL United Airlines Holdings Inc. | Reduce -2.0% | 0.04% | −0.01 |
| MAR Marriott International Class A | Reduce -2.6% | 0.09% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BLK BlackRock Inc. | New | 0.22% | +0.22 |
| LRCX Lam Research Corp. | New | 0.15% | +0.15 |
| DASH DoorDash Inc. Class A | New | 0.10% | +0.10 |
| IDEV iShares Core MSCI Dev MKTS | Add +13.8% | 0.43% | +0.09 |
| USIG iShares Broad Usd Investment | Add +10.4% | 0.56% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +12.3% | 0.21% | +0.04 |
| GWRE Guidewire Software Inc. | New | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +1.8% | 0.15% | +0.03 |
| ENTG Entegris Inc. | New | 0.03% | +0.03 |
| SMCI Super Micro Computer Inc. | New | 0.03% | +0.03 |
| ACI Albertsons Cos Inc. Class A | New | 0.02% | +0.02 |
| ATI Ati Inc. | New | 0.02% | +0.02 |
| CAVA Cava Group Inc. | New | 0.02% | +0.02 |
| IP International Paper Co. | Add +49.3% | 0.05% | +0.02 |
| BBWI Bath & Body Works Inc. | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +4.4% | 0.14% | +0.02 |
| CART Maplebear Inc. | New | 0.01% | +0.01 |
| ALK Alaska Air Group Inc. | New | 0.01% | +0.01 |
| HIMS Hims & Hers Health Inc. | New | 0.01% | +0.01 |
| VFC VF Corp. | New | 0.01% | +0.01 |
| VTR Ventas Inc. | Add +2.8% | 0.05% | +0.01 |
| KDP Keurig Dr Pepper Inc. | Add +4.5% | 0.07% | +0.01 |
| CSGP Costar Group Inc. | Add +1.0% | 0.05% | +0.01 |
| ECHO Echostar Corp. Class A | New | 0.01% | +0.01 |
| OKE Oneok Inc. | Add +4.4% | 0.10% | +0.01 |
| FNF Fidelity National Financial | Add +0.5% | 0.04% | +0.01 |
| RBA RB Global Inc. | Add +0.7% | 0.04% | +0.01 |
| CASY Casey's General Stores Inc. | Add +3.6% | 0.04% | +0.01 |
| BR Broadridge Financial Solutio | Add +1.6% | 0.05% | +0.01 |
| ATO Atmos Energy Corp. | Add +0.3% | 0.04% | +0.01 |
| UMBF Umb Financial Corp. | Add +56.1% | 0.02% | +0.01 |
| SGI Somnigroup International Inc. | Add +10.6% | 0.03% | +0.00 |
| AR Antero Resources Corp. | Add +0.5% | 0.03% | +0.00 |
| RS Reliance Inc. | Add +2.4% | 0.04% | +0.00 |
| NLY Annaly Capital Management Inc. | Add +3.7% | 0.03% | +0.00 |
| IDXX Idexx Laboratories Inc. | Add +2.3% | 0.06% | +0.00 |
| SSB Southstate Bank Corp. | Add +28.9% | 0.02% | +0.00 |
| TYL Tyler Technologies Inc. | Add +4.4% | 0.04% | +0.00 |
| EGP Eastgroup Properties Inc. | Add +5.7% | 0.02% | +0.00 |
| RYAN Ryan Specialty Holdings Inc. | Add +1.6% | 0.02% | +0.00 |
| ADC Agree Realty Corp. | Add +4.1% | 0.02% | +0.00 |
| CNH CNH Industrial NV | Add +0.5% | 0.02% | +0.00 |
| DOCS Doximity Inc. Class A | Add +5.1% | 0.02% | +0.00 |
| VNOM Viper Energy Inc. | Add +28.1% | 0.01% | +0.00 |
| WAT Waters Corp. | Add +3.2% | 0.04% | +0.00 |
| BERY Berry Global Group Inc. | Add +1.5% | 0.02% | +0.00 |
| OHI Omega Healthcare Investors | Add +4.9% | 0.02% | +0.00 |
| MAT Mattel Inc. | Add +0.5% | 0.02% | +0.00 |
| SR Spire Inc. | Add +2.5% | 0.01% | +0.00 |
| STAG Stag Industrial Inc. | Add +2.9% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 926 | $2.8B | VOO, IVV, NVDA, AAPL, HDV |
| Q1 2026 | 925 | $2.5B | VOO, IVV, NVDA, AAPL, HDV |
| Q4 2025 | 927 | $2.6B | IVV, VOO, NVDA, AAPL, MSFT |
| Q3 2025 | 928 | $3.8B | NVDA, IVV, MSFT, AAPL, AMZN |
| Q2 2025 | 929 | $3.5B | NVDA, MSFT, AAPL, AMZN, HDV |
| Q1 2025 | 929 | $3.3B | AAPL, MSFT, NVDA, HDV, USMV |
| Q4 2024 | 926 | $3.4B | AAPL, NVDA, MSFT, AMZN, HDV |
| Q3 2024 | 922 | $3.5B | AAPL, MSFT, NVDA, HDV, USMV |
| Q2 2024 | 927 | $3.4B | MSFT, NVDA, AAPL, AMZN, USMV |
| Q1 2024 | 925 | $3.4B | MSFT, AAPL, NVDA, USMV, HDV |