Securian Asset Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Securian Asset Management, Inc. reported 928 stock positions worth $3.8 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.9%) and Microsoft (MSFT, 5.0%). Compared with Q2 2025, it opened 15 new positions, sold out of 16, added to 75 and reduced 789. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +977%) and the biggest sale Microsoft (MSFT, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- ST PAUL, MN
- CIK
- 0001035350
- Portfolio Value
- $3.8B (Q3 2025)
- SEC Filing
- 0001104659-25-101654 ↗ filed Oct 23, 2025
Holdings Value
Holdings 928 stocks · $3.8B
| NVDA Nvidia Corp. | 5.98% | 1,209,372 | $225.6M | Reduce -5.2% |
| IVV iShares Core S&P 500 ETF | 5.94% | 334,900 | $224.1M | Add +976.9% |
| MSFT Microsoft Corp. | 5.03% | 366,969 | $190.1M | Reduce -5.6% |
| AAPL Apple Inc. | 4.86% | 720,974 | $183.6M | Reduce -7.7% |
| AMZN Amazon.com Inc. | 2.80% | 482,088 | $105.9M | Reduce -2.4% |
| HDV iShares Core High Dividend E | 2.53% | 778,802 | $95.4M | Add +2.0% |
| USMV iShares MSCI USA Min Vol Fac | 2.29% | 907,287 | $86.3M | Add +3.0% |
| META Meta Platforms Inc. Class A | 2.04% | 104,749 | $76.9M | Reduce -7.7% |
| AVGO Broadcom Inc. | 1.98% | 227,152 | $74.9M | Reduce -7.6% |
| EFAV iShares MSCI Eafe Min Vol Fa | 1.83% | 815,269 | $69.2M | No change |
| GOOGL Alphabet Inc. Class A | 1.81% | 281,729 | $68.5M | Reduce -7.4% |
| TSLA Tesla Inc. | 1.60% | 135,521 | $60.3M | Reduce -7.5% |
| GOOG Alphabet Inc. Class C | 1.45% | 225,526 | $54.9M | Reduce -8.1% |
| SPLV Invesco S&P 500 Low Volatili | 1.34% | 690,000 | $50.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 88,559 | $44.5M | Reduce -7.6% |
| SCHD Schwab US DVD Equity ETF | 1.14% | 1,581,000 | $43.2M | No change |
| JPM JPMorgan Chase & Co. | 1.11% | 132,798 | $41.9M | Reduce -8.6% |
| VOO Vanguard S&P 500 ETF | 0.97% | 59,605 | $36.5M | Add +6.0% |
| LLY Eli Lilly & Co. | 0.78% | 38,425 | $29.3M | Reduce -6.6% |
| V Visa Inc. Class A | 0.74% | 82,037 | $28.0M | Reduce -8.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 40,710 | $27.1M | No change |
| NFLX Netflix Inc. | 0.65% | 20,523 | $24.6M | Reduce -7.9% |
| XOM Exxon Mobil Corp. | 0.61% | 205,890 | $23.2M | Reduce -8.6% |
| MA Mastercard Inc. Class A | 0.60% | 39,867 | $22.7M | Reduce -6.1% |
| ORCL Oracle Corp. | 0.60% | 80,034 | $22.5M | Reduce -5.9% |
| WMT Walmart Inc. | 0.58% | 211,974 | $21.8M | Reduce -6.2% |
| JNJ Johnson & Johnson | 0.57% | 116,309 | $21.6M | Reduce -7.5% |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 109,834 | $20.0M | Reduce -1.2% |
| COST Costco Wholesale Corp. | 0.53% | 21,417 | $19.8M | Reduce -7.7% |
| ABBV Abbvie Inc. | 0.52% | 85,315 | $19.8M | Reduce -7.6% |
| HD Home Depot Inc. | 0.52% | 48,050 | $19.5M | Reduce -7.5% |
| USIG iShares Broad Usd Investment | 0.50% | 360,017 | $18.8M | No change |
| IDV iShares International Select | 0.48% | 500,000 | $18.3M | No change |
| PG The Procter & Gamble Co. | 0.46% | 113,123 | $17.4M | Reduce -7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 329,096 | $17.0M | Reduce -3.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.44% | 205,529 | $16.5M | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.43% | 318,620 | $16.3M | No change |
| EEMV iShares MSCI Emg MKT Min Vol | 0.43% | 253,206 | $16.2M | Add +4.4% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 51,213 | $15.4M | Reduce -8.1% |
| UNH Unitedhealth Group Inc. | 0.40% | 43,739 | $15.1M | Reduce -7.8% |
| CVX Chevron Corp. | 0.38% | 92,944 | $14.4M | Add +9.5% |
| CSCO Cisco Systems Inc. | 0.35% | 191,245 | $13.1M | Reduce -8.1% |
| WFC Wells Fargo & Co. | 0.34% | 154,707 | $13.0M | Reduce -9.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 44,987 | $12.7M | Reduce -7.4% |
| AMD Advanced Micro Devices | 0.34% | 78,373 | $12.7M | Reduce -7.5% |
| KO The Coca-Cola Co. | 0.33% | 187,058 | $12.4M | Reduce -7.6% |
| EWG iShares MSCI Germany ETF | 0.33% | 296,791 | $12.3M | No change |
| PM Philip Morris International | 0.32% | 75,174 | $12.2M | Reduce -7.6% |
| GS Goldman Sachs Group Inc. | 0.31% | 14,602 | $11.6M | Reduce -9.0% |
| ABT Abbott Laboratories | 0.30% | 84,054 | $11.3M | Reduce -7.6% |
| CRM Salesforce Inc. | 0.29% | 46,169 | $10.9M | Reduce -7.9% |
| RTX RTX Corp. | 0.29% | 64,644 | $10.8M | Reduce -7.4% |
| CAT Caterpillar Inc. | 0.29% | 22,626 | $10.8M | Reduce -8.0% |
| LIN Linde PLC | 0.28% | 22,646 | $10.8M | Reduce -8.0% |
| MCD McDonald's Corp. | 0.28% | 34,463 | $10.5M | Reduce -7.8% |
| MRK Merck & Co. Inc. | 0.27% | 120,629 | $10.1M | Reduce -8.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 86,829 | $9.9M | Reduce -7.6% |
| UBER Uber Technologies Inc. | 0.26% | 100,713 | $9.9M | Reduce -7.9% |
| T AT&T Inc. | 0.26% | 345,323 | $9.8M | Reduce -8.2% |
| INTU Intuit Inc. | 0.26% | 14,146 | $9.7M | Reduce -3.5% |
| APP AppLovin Corp. Class A | 0.25% | 13,148 | $9.4M | New |
| MS Morgan Stanley | 0.25% | 58,590 | $9.3M | Reduce -9.2% |
| NOW ServiceNow Inc. | 0.25% | 10,117 | $9.3M | Reduce -6.5% |
| PEP Pepsico Inc. | 0.25% | 66,117 | $9.3M | Reduce -7.7% |
| BKNG Booking Holdings Inc. | 0.24% | 1,699 | $9.2M | Reduce -0.1% |
| MU Micron Technology Inc. | 0.24% | 54,047 | $9.0M | Reduce -7.5% |
| C Citigroup Inc. | 0.24% | 88,905 | $9.0M | Reduce -8.9% |
| VZ Verizon Communications Inc. | 0.24% | 203,624 | $8.9M | Reduce -7.6% |
| TMO Thermo Fisher Scientific Inc. | 0.23% | 18,212 | $8.8M | Reduce -7.7% |
| AXP American Express Co. | 0.23% | 26,214 | $8.7M | Reduce -9.4% |
| QCOM Qualcomm Inc. | 0.23% | 52,086 | $8.7M | Reduce -9.2% |
| ISRG Intuitive Surgical Inc. | 0.22% | 18,605 | $8.3M | Reduce -0.9% |
| LRCX Lam Research Corp. | 0.22% | 61,121 | $8.2M | Reduce -8.5% |
| BLK BlackRock Inc. | 0.22% | 6,994 | $8.2M | Reduce -8.7% |
| GEV GE Vernova Inc. | 0.22% | 13,220 | $8.1M | Reduce -7.7% |
| TXN Texas Instruments Inc. | 0.21% | 43,906 | $8.1M | Reduce -7.5% |
| SPGI S&P Global Inc. | 0.21% | 16,356 | $8.0M | Reduce -0.8% |
| AMAT Applied Materials Inc. | 0.21% | 38,756 | $7.9M | Reduce -8.6% |
| BA The Boeing Co. | 0.21% | 36,515 | $7.9M | Reduce -7.4% |
| SCHW Schwab (charles) Corp. | 0.21% | 82,404 | $7.9M | Reduce -7.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 53,877 | $7.8M | Reduce -7.7% |
| NEE Nextera Energy Inc. | 0.20% | 99,452 | $7.5M | Reduce -7.6% |
| SPEM State Street SP PTF Em ETF | 0.20% | 159,360 | $7.5M | No change |
| IAGG iShares Intl Aggregate Bond | 0.20% | 145,326 | $7.4M | Add +9.0% |
| DVYE iShares Emerging Markets Div | 0.20% | 250,000 | $7.4M | No change |
| ACN Accenture PLC Class A | 0.20% | 30,080 | $7.4M | Reduce -8.1% |
| AMGN Amgen Inc. | 0.19% | 25,994 | $7.3M | Reduce -7.6% |
| APH Amphenol Corp. Class A | 0.19% | 58,899 | $7.3M | Reduce -6.8% |
| ANET Arista Networks Inc. | 0.19% | 49,772 | $7.3M | Reduce -7.4% |
| ADBE Adobe Inc. | 0.19% | 20,487 | $7.2M | Reduce -8.1% |
| INTC Intel Corp. | 0.19% | 211,384 | $7.1M | Reduce -7.3% |
| ETN Eaton Corp. PLC | 0.19% | 18,801 | $7.0M | Reduce -8.0% |
| PFE Pfizer Inc. | 0.19% | 274,579 | $7.0M | Reduce -7.6% |
| PGR Progressive Corp. | 0.19% | 28,310 | $7.0M | Reduce -7.7% |
| BSX Boston Scientific Corp. | 0.18% | 71,560 | $7.0M | Reduce -7.4% |
| KLAC KLA Corp. | 0.18% | 6,408 | $6.9M | Reduce -7.9% |
| LOW Lowe's Cos Inc. | 0.18% | 27,063 | $6.8M | Reduce -7.5% |
| UNP Union Pacific Corp. | 0.18% | 28,640 | $6.8M | Reduce -8.3% |
| GILD Gilead Sciences Inc. | 0.18% | 59,923 | $6.7M | Reduce -7.8% |
| COF Capital One Financial Corp. | 0.17% | 30,884 | $6.6M | Reduce -7.7% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -5.6% | 5.03% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 2.04% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -2.4% | 2.80% | −0.29 |
| NFLX Netflix Inc. | Reduce -7.9% | 0.65% | −0.20 |
| V Visa Inc. Class A | Reduce -8.3% | 0.74% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.6% | 1.18% | −0.15 |
| LLY Eli Lilly & Co. | Reduce -6.6% | 0.78% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -7.7% | 0.53% | −0.13 |
| CRM Salesforce Inc. | Reduce -7.9% | 0.29% | −0.10 |
| PM Philip Morris International | Reduce -7.6% | 0.32% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -7.7% | 0.46% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -8.6% | 1.11% | −0.09 |
| ACN Accenture PLC Class A | Reduce -8.1% | 0.20% | −0.08 |
| KO The Coca-Cola Co. | Reduce -7.6% | 0.33% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -6.1% | 0.60% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -8.6% | 0.61% | −0.08 |
| INTU Intuit Inc. | Reduce -3.5% | 0.26% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -7.4% | 0.34% | −0.07 |
| NOW ServiceNow Inc. | Reduce -6.5% | 0.25% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -0.9% | 0.22% | −0.07 |
| DIS The Walt Disney Co. | Reduce -7.6% | 0.26% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -7.5% | 0.21% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -8.1% | 0.35% | −0.06 |
| HES Hess Corp. | Sold out | 0.00% | −0.06 |
| ABT Abbott Laboratories | Reduce -7.6% | 0.30% | −0.05 |
| ADBE Adobe Inc. | Reduce -8.1% | 0.19% | −0.05 |
| FISV Fiserv Inc. | Reduce -9.4% | 0.09% | −0.05 |
| T AT&T Inc. | Reduce -8.2% | 0.26% | −0.05 |
| HON Honeywell International Inc. | Reduce -8.8% | 0.17% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -7.4% | 0.18% | −0.05 |
| WMT Walmart Inc. | Reduce -6.2% | 0.58% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -8.7% | 0.15% | −0.05 |
| PGR Progressive Corp. | Reduce -7.7% | 0.19% | −0.05 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Reduce -8.1% | 0.07% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -9.1% | 0.34% | −0.05 |
| LIN Linde PLC | Reduce -8.0% | 0.28% | −0.04 |
| DE Deere & Co. | Reduce -7.2% | 0.15% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -8.4% | 0.13% | −0.04 |
| SYK Stryker Corp. | Reduce -8.3% | 0.16% | −0.04 |
| ELV Elevance Health Inc. | Reduce -8.5% | 0.09% | −0.04 |
| AMT American Tower Corp. | Reduce -7.2% | 0.12% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -0.1% | 0.24% | −0.04 |
| SPGI S&P Global Inc. | Reduce -0.8% | 0.21% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -7.6% | 0.24% | −0.03 |
| ADP Automatic Data Processing | Reduce -7.7% | 0.15% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -8.0% | 0.13% | −0.03 |
| MCD McDonald's Corp. | Reduce -7.8% | 0.28% | −0.03 |
| CI The Cigna Group | Reduce -8.2% | 0.10% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -7.8% | 0.12% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +976.9% | 5.94% | +5.39 |
| APP AppLovin Corp. Class A | New | 0.25% | +0.25 |
| HOOD Robinhood Markets Inc. Class A | New | 0.14% | +0.14 |
| DDOG Datadog Inc. Class A | New | 0.06% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +6.0% | 0.97% | +0.06 |
| XYZ Block Inc. | New | 0.05% | +0.05 |
| NTNX Nutanix Inc. Class A | New | 0.04% | +0.04 |
| TLN Talen Energy Corp. | New | 0.04% | +0.04 |
| CVX Chevron Corp. | Add +9.5% | 0.38% | +0.04 |
| TRU Transunion | New | 0.03% | +0.03 |
| FTI Technipfmc PLC | New | 0.03% | +0.03 |
| KTOS Kratos Defense & Security | New | 0.03% | +0.03 |
| TWLO Twilio Inc. Class A | New | 0.03% | +0.03 |
| TTD Trade Desk Inc./the Class A | New | 0.03% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +1.6% | 0.06% | +0.02 |
| AVAV Aerovironment Inc. | New | 0.02% | +0.02 |
| ELAN Elanco Animal Health Inc. | New | 0.02% | +0.02 |
| MP MP Materials Corp. | New | 0.02% | +0.02 |
| VNOM Viper Energy Inc. Class A | New | 0.01% | +0.01 |
| CG The Carlyle Group Inc. | Add +20.2% | 0.03% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +0.3% | 0.02% | +0.01 |
| DKS Dick's Sporting Goods Inc. | Add +18.3% | 0.03% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +43.8% | 0.02% | +0.01 |
| NXT Nextpower Inc. | Add +2.0% | 0.02% | +0.00 |
| COLB Columbia Banking System Inc. | Add +39.9% | 0.02% | +0.00 |
| EVR Evercore Inc. Class A | Add +5.0% | 0.03% | +0.00 |
| SGI Somnigroup International Inc. | Add +0.1% | 0.04% | +0.00 |
| CLF Cleveland-Cliffs Inc. | Add +0.3% | 0.01% | +0.00 |
| IAGG iShares Intl Aggregate Bond | Add +9.0% | 0.20% | +0.00 |
| WCC Wesco International Inc. | Add +8.1% | 0.02% | +0.00 |
| ROIV Roivant Sciences Ltd. | Add +0.5% | 0.01% | +0.00 |
| CELH Celsius Holdings Inc. | Add +0.0% | 0.02% | +0.00 |
| WMS Advanced Drainage Systems Inc. | Add +0.5% | 0.02% | +0.00 |
| DOCS Doximity Inc. Class A | Add +0.5% | 0.02% | +0.00 |
| HIMS Hims & Hers Health Inc. | Add +3.7% | 0.02% | +0.00 |
| SHC Sotera Health Co. | Add +12.6% | 0.01% | +0.00 |
| AN Autonation Inc. | Add +13.9% | 0.01% | +0.00 |
| PSN Parsons Corp. | Add +13.2% | 0.01% | +0.00 |
| FIVE Five Below | Add +0.1% | 0.02% | +0.00 |
| PII Polaris Inc. | Add +0.6% | 0.01% | +0.00 |
| WTRG Essential Utilities Inc. | Add +6.9% | 0.02% | +0.00 |
| KRC Kilroy Realty Corp. | Add +1.2% | 0.01% | +0.00 |
| ORA Ormat Technologies Inc. | Add +4.4% | 0.01% | +0.00 |
| HOG Harley-Davidson Inc. | Add +9.3% | 0.01% | +0.00 |
| NLY Annaly Capital Management Inc. | Add +4.3% | 0.03% | +0.00 |
| FYBR Frontier Communications Pare | Add +10.5% | 0.02% | +0.00 |
| ENSG The Ensign Group Inc. | Add +0.3% | 0.02% | +0.00 |
| FOX Fox Corp. Class B | Add +4.3% | 0.01% | +0.00 |
| RYN Rayonier Inc. | Add +0.0% | 0.01% | +0.00 |
| VAL Valaris Ltd. | Add +0.2% | 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 |