Securian Asset Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Securian Asset Management, Inc. reported 929 stock positions worth $3.5 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Apple (AAPL, 4.6%). Compared with Q1 2025, it opened 4 new positions, sold out of 4, added to 117 and reduced 557. The biggest buy was Palantir Technologies Class A (PLTR, shares +2%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- ST PAUL, MN
- CIK
- 0001035350
- Portfolio Value
- $3.5B (Q2 2025)
- SEC Filing
- 0001104659-25-071974 ↗ filed Jul 30, 2025
Holdings Value
Holdings 929 stocks · $3.5B
| NVDA Nvidia Corp. | 5.74% | 1,275,056 | $201.4M | Reduce -1.7% |
| MSFT Microsoft Corp. | 5.51% | 388,596 | $193.3M | Reduce -1.3% |
| AAPL Apple Inc. | 4.57% | 780,891 | $160.2M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 3.09% | 493,999 | $108.4M | Reduce -1.1% |
| HDV iShares Core High Dividend E | 2.55% | 763,802 | $89.5M | Reduce -7.7% |
| META Meta Platforms Inc. Class A | 2.39% | 113,515 | $83.8M | Reduce -2.1% |
| USMV iShares MSCI USA Min Vol Fac | 2.36% | 881,287 | $82.7M | Reduce -14.0% |
| EFAV iShares MSCI Eafe Min Vol Fa | 1.95% | 815,269 | $68.5M | Reduce -2.3% |
| AVGO Broadcom Inc. | 1.93% | 245,832 | $67.8M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 1.53% | 304,212 | $53.6M | Reduce -1.5% |
| SPLV Invesco S&P 500 Low Volatili | 1.43% | 690,000 | $50.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.33% | 95,873 | $46.6M | Reduce -1.3% |
| TSLA Tesla Inc. | 1.33% | 146,510 | $46.5M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 1.24% | 245,455 | $43.5M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 1.20% | 145,299 | $42.1M | Reduce -1.9% |
| SCHD Schwab US DVD Equity ETF | 1.19% | 1,581,000 | $41.9M | No change |
| LLY Eli Lilly & Co. | 0.91% | 41,127 | $32.1M | Reduce -1.5% |
| VOO Vanguard S&P 500 ETF | 0.91% | 56,238 | $31.9M | Reduce -1.1% |
| V Visa Inc. Class A | 0.91% | 89,456 | $31.8M | Reduce -2.0% |
| NFLX Netflix Inc. | 0.85% | 22,280 | $29.8M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 40,710 | $25.2M | Reduce -5.7% |
| XOM Exxon Mobil Corp. | 0.69% | 225,339 | $24.3M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.68% | 42,439 | $23.8M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 0.65% | 23,197 | $23.0M | Reduce -1.3% |
| WMT Walmart Inc. | 0.63% | 225,887 | $22.1M | Reduce -1.7% |
| PG The Procter & Gamble Co. | 0.56% | 122,579 | $19.5M | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 0.55% | 31,100 | $19.3M | Reduce -30.9% |
| JNJ Johnson & Johnson | 0.55% | 125,796 | $19.2M | Reduce -1.3% |
| HD Home Depot Inc. | 0.54% | 51,976 | $19.1M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.53% | 85,036 | $18.6M | Reduce -1.0% |
| USIG iShares Broad Usd Investment | 0.53% | 360,017 | $18.5M | No change |
| IDV iShares International Select | 0.49% | 500,000 | $17.3M | No change |
| ABBV Abbvie Inc. | 0.49% | 92,352 | $17.1M | Reduce -1.2% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.46% | 318,620 | $16.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 342,596 | $16.2M | Reduce -2.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.45% | 205,529 | $15.6M | No change |
| EEMV iShares MSCI Emg MKT Min Vol | 0.43% | 242,456 | $15.2M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 111,212 | $15.2M | Add +2.5% |
| PM Philip Morris International | 0.42% | 81,379 | $14.8M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.42% | 47,428 | $14.8M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.41% | 207,996 | $14.4M | Reduce -1.4% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 55,754 | $14.4M | Reduce -1.9% |
| KO The Coca-Cola Co. | 0.41% | 202,523 | $14.3M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 48,599 | $14.3M | Reduce -0.8% |
| CRM Salesforce Inc. | 0.39% | 50,132 | $13.7M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.39% | 170,138 | $13.6M | Reduce -2.3% |
| EWG iShares MSCI Germany ETF | 0.36% | 296,791 | $12.6M | Add +9.0% |
| ABT Abbott Laboratories | 0.35% | 90,963 | $12.4M | Reduce -0.9% |
| CVX Chevron Corp. | 0.35% | 84,915 | $12.2M | Reduce -4.0% |
| AMD Advanced Micro Devices | 0.34% | 84,771 | $12.0M | Reduce -1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 93,990 | $11.7M | Reduce -1.9% |
| LIN Linde PLC | 0.33% | 24,611 | $11.5M | Reduce -2.5% |
| INTU Intuit Inc. | 0.33% | 14,651 | $11.5M | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 0.32% | 16,043 | $11.4M | Reduce -3.3% |
| NOW ServiceNow Inc. | 0.32% | 10,824 | $11.1M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.31% | 37,375 | $10.9M | Reduce -1.6% |
| T AT&T Inc. | 0.31% | 376,207 | $10.9M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 0.30% | 131,283 | $10.4M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.29% | 109,332 | $10.2M | Reduce -1.2% |
| ISRG Intuitive Surgical Inc. | 0.29% | 18,769 | $10.2M | Reduce -0.6% |
| RTX RTX Corp. | 0.29% | 69,832 | $10.2M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.28% | 47,481 | $9.9M | Reduce -1.5% |
| BKNG Booking Holdings Inc. | 0.28% | 1,701 | $9.8M | Reduce -3.0% |
| ACN Accenture PLC Class A | 0.28% | 32,739 | $9.8M | Reduce -1.2% |
| CAT Caterpillar Inc. | 0.27% | 24,590 | $9.5M | Reduce -2.9% |
| VZ Verizon Communications Inc. | 0.27% | 220,424 | $9.5M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.27% | 71,593 | $9.5M | Reduce -1.4% |
| AXP American Express Co. | 0.26% | 28,938 | $9.2M | Reduce -1.8% |
| QCOM Qualcomm Inc. | 0.26% | 57,364 | $9.1M | Reduce -2.1% |
| MS Morgan Stanley | 0.26% | 64,550 | $9.1M | Reduce -1.5% |
| SPGI S&P Global Inc. | 0.25% | 16,488 | $8.7M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.25% | 22,283 | $8.6M | Reduce -3.4% |
| C Citigroup Inc. | 0.24% | 97,649 | $8.3M | Reduce -1.8% |
| BSX Boston Scientific Corp. | 0.24% | 77,309 | $8.3M | Reduce -0.9% |
| BA The Boeing Co. | 0.24% | 39,425 | $8.3M | Reduce -0.6% |
| PGR Progressive Corp. | 0.23% | 30,663 | $8.2M | Reduce -1.2% |
| SCHW Schwab (charles) Corp. | 0.23% | 89,296 | $8.1M | Reduce -1.1% |
| BLK BlackRock Inc. | 0.23% | 7,663 | $8.0M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.23% | 19,737 | $8.0M | Reduce -2.7% |
| AMGN Amgen Inc. | 0.22% | 28,119 | $7.9M | Reduce -1.3% |
| HON Honeywell International Inc. | 0.22% | 33,601 | $7.8M | Reduce -2.5% |
| AMAT Applied Materials Inc. | 0.22% | 42,423 | $7.8M | Reduce -1.4% |
| GEV GE Vernova Inc. | 0.22% | 14,324 | $7.6M | Reduce -2.0% |
| NEE Nextera Energy Inc. | 0.21% | 107,631 | $7.5M | Reduce -1.1% |
| ETN Eaton Corp. PLC | 0.21% | 20,437 | $7.3M | Reduce -2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 58,373 | $7.2M | Reduce -2.0% |
| GILD Gilead Sciences Inc. | 0.21% | 65,007 | $7.2M | Reduce -1.4% |
| PFE Pfizer Inc. | 0.21% | 297,248 | $7.2M | Reduce -1.0% |
| MU Micron Technology Inc. | 0.21% | 58,395 | $7.2M | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.20% | 31,237 | $7.2M | Reduce -2.3% |
| DVYE iShares Emerging Markets Div | 0.20% | 250,000 | $7.2M | No change |
| SYK Stryker Corp. | 0.20% | 18,076 | $7.2M | Reduce -0.8% |
| COF Capital One Financial Corp. | 0.20% | 33,442 | $7.1M | Add +65.5% |
| PANW Palo Alto Networks Inc. | 0.20% | 34,577 | $7.1M | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 0.20% | 194,714 | $6.9M | Reduce -2.5% |
| IAGG iShares Intl Aggregate Bond | 0.19% | 133,326 | $6.8M | No change |
| SPEM State Street SP PTF Em ETF | 0.19% | 159,360 | $6.8M | Reduce -14.1% |
| DE Deere & Co. | 0.19% | 13,258 | $6.7M | Reduce -1.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 13,092 | $6.7M | Add +0.3% |
| DHR Danaher Corp. | 0.19% | 33,238 | $6.6M | Reduce -1.9% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.9% | 4.57% | −0.80 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -14.0% | 2.36% | −0.56 |
| HDV iShares Core High Dividend E | Reduce -7.7% | 2.55% | −0.50 |
| UNH Unitedhealth Group Inc. | Reduce -2.8% | 0.42% | −0.35 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 1.33% | −0.24 |
| IVV iShares Core S&P 500 ETF | Reduce -30.9% | 0.55% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -2.3% | 0.69% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 0.91% | −0.13 |
| ABBV Abbvie Inc. | Reduce -1.2% | 0.49% | −0.11 |
| CVX Chevron Corp. | Reduce -4.0% | 0.35% | −0.10 |
| JNJ Johnson & Johnson | Reduce -1.3% | 0.55% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -1.3% | 0.56% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.7% | 0.23% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -2.0% | 0.30% | −0.07 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.07 |
| V Visa Inc. Class A | Reduce -2.0% | 0.91% | −0.07 |
| PEP Pepsico Inc. | Reduce -1.4% | 0.27% | −0.06 |
| FISV Fiserv Inc. | Reduce -3.9% | 0.14% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.9% | 0.14% | −0.06 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.31% | −0.05 |
| IJH iShares Core S&P Midcap ETF | Reduce -38.0% | 0.08% | −0.05 |
| COP Conocophillips | Reduce -2.3% | 0.17% | −0.05 |
| AMGN Amgen Inc. | Reduce -1.3% | 0.22% | −0.05 |
| HD Home Depot Inc. | Reduce -1.3% | 0.54% | −0.04 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -24.0% | 0.11% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 0.68% | −0.04 |
| KO The Coca-Cola Co. | Reduce -1.3% | 0.41% | −0.04 |
| USRT iShares Core US REIT ETF | Reduce -49.9% | 0.03% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -1.7% | 0.17% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 0.27% | −0.04 |
| ACN Accenture PLC Class A | Reduce -1.2% | 0.28% | −0.04 |
| PGR Progressive Corp. | Reduce -1.2% | 0.23% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -1.9% | 0.07% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -0.8% | 0.16% | −0.03 |
| ELV Elevance Health Inc. | Reduce -4.1% | 0.13% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.1% | 0.17% | −0.03 |
| SPEM State Street SP PTF Em ETF | Reduce -14.1% | 0.19% | −0.03 |
| LIN Linde PLC | Reduce -2.5% | 0.33% | −0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -3.8% | 0.08% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -2.1% | 0.19% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -2.5% | 0.20% | −0.03 |
| PFE Pfizer Inc. | Reduce -1.0% | 0.21% | −0.03 |
| SLB SLB Ltd. | Reduce -4.2% | 0.07% | −0.03 |
| UNP Union Pacific Corp. | Reduce -2.3% | 0.20% | −0.02 |
| SBUX Starbucks Corp. | Reduce -1.4% | 0.15% | −0.02 |
| DHR Danaher Corp. | Reduce -1.9% | 0.19% | −0.02 |
| CRM Salesforce Inc. | Reduce -1.1% | 0.39% | −0.02 |
| AON Aon PLC Class A | Reduce -1.1% | 0.11% | −0.02 |
| ADBE Adobe Inc. | Reduce -3.4% | 0.25% | −0.02 |
| OKE Oneok Inc. | Reduce -0.4% | 0.08% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| PLTR Palantir Technologies Inc. Class A | Add +2.5% | 0.43% | +0.15 |
| COIN Coinbase Global Inc. Class A | New | 0.11% | +0.11 |
| COF Capital One Financial Corp. | Add +65.5% | 0.20% | +0.09 |
| EWG iShares MSCI Germany ETF | Add +9.0% | 0.36% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 0.19% | +0.05 |
| OKTA Okta Inc. | New | 0.04% | +0.04 |
| AXON Axon Enterprise Inc. | Add +2.6% | 0.09% | +0.03 |
| APG Api Group Corp. | New | 0.03% | +0.03 |
| CW Curtiss-Wright Corp. | Add +3.5% | 0.04% | +0.01 |
| PEGA Pegasystems Inc. | New | 0.01% | +0.01 |
| SMCI Super Micro Computer Inc. | Add +0.9% | 0.04% | +0.01 |
| AMCR Amcor PLC | Add +56.6% | 0.03% | +0.01 |
| HIMS Hims & Hers Health Inc. | Add +2.8% | 0.02% | +0.01 |
| CHWY Chewy Inc. Class A | Add +34.0% | 0.02% | +0.01 |
| DUOL Duolingo | Add +3.4% | 0.04% | +0.01 |
| ELF Elf Beauty Inc. | Add +2.4% | 0.02% | +0.01 |
| P Everpure Inc. Class A | Add +0.6% | 0.04% | +0.01 |
| GWRE Guidewire Software Inc. | Add +1.6% | 0.04% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +2.8% | 0.06% | +0.01 |
| COHR Coherent Corp. | Add +1.2% | 0.03% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +116.2% | 0.01% | +0.01 |
| SGI Somnigroup International Inc. | Add +7.8% | 0.03% | +0.00 |
| RBC RBC Bearings Inc. | Add +4.2% | 0.03% | +0.00 |
| USFD US Foods Holding Corp. | Add +0.7% | 0.04% | +0.00 |
| EHC Encompass Health Corp. | Add +1.3% | 0.03% | +0.00 |
| CR Crane Co. | Add +2.7% | 0.02% | +0.00 |
| XPO Xpo Inc. | Add +1.1% | 0.03% | +0.00 |
| RL Ralph Lauren Corp. | Add +4.9% | 0.02% | +0.00 |
| DAL Delta Air Lines Inc. | Add +0.7% | 0.05% | +0.00 |
| CG The Carlyle Group Inc. | Add +1.7% | 0.02% | +0.00 |
| RMBS Rambus Inc. | Add +1.5% | 0.01% | +0.00 |
| DINO HF Sinclair Corp. | Add +0.9% | 0.01% | +0.00 |
| GTLS Chart Industries Inc. | Add +5.2% | 0.02% | +0.00 |
| HAS Hasbro Inc. | Add +0.1% | 0.01% | +0.00 |
| CART Maplebear Inc. | Add +2.1% | 0.02% | +0.00 |
| KDP Keurig Dr Pepper Inc. | Add +12.3% | 0.07% | +0.00 |
| SRE Sempra | Add +1.9% | 0.07% | +0.00 |
| RGLD Royal Gold Inc. | Add +2.0% | 0.03% | +0.00 |
| SF Stifel Financial Corp. | Add +1.3% | 0.02% | +0.00 |
| ECHO Echostar Corp. Class A | Add +11.4% | 0.01% | +0.00 |
| WHR Whirlpool Corp. | Add +2.4% | 0.01% | +0.00 |
| GME Gamestop Corp. Class A | Add +0.4% | 0.02% | +0.00 |
| PAYC Paycom Software Inc. | Add +4.6% | 0.02% | +0.00 |
| UGI Ugi Corp. | Add +0.6% | 0.02% | +0.00 |
| UMBF Umb Financial Corp. | Add +5.5% | 0.02% | +0.00 |
| GT Goodyear Tire & Rubber Co. | Add +0.5% | 0.01% | +0.00 |
| TXNM TXNM Energy Inc. | Add +3.5% | 0.01% | +0.00 |
| ALLY Ally Financial Inc. | Add +0.9% | 0.02% | +0.00 |
| AAL American Airlines Group Inc. | Add +0.6% | 0.02% | +0.00 |
| CADE Cadence Bank | Add +1.8% | 0.01% | +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 |