State of Alaska, Department of Revenue
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), State of Alaska, Department of Revenue reported 1,581 stock positions worth $8.8 billion. Its top holding was Apple (AAPL) at 5.4% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Nvidia (NVDA, 4.0%). Compared with Q4 2024, it opened 17 new positions, sold out of 25, added to 894 and reduced 612. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +2106%) and the biggest sale Lincoln Electric (LECO, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- JUNEAU, AK
- CIK
- 0001370102
- Portfolio Value
- $8.8B (Q1 2025)
- SEC Filing
- 0001370102-25-000007 ↗ filed Apr 21, 2025
Holdings Value
Holdings 1,581 stocks · $8.8B
| AAPL Apple Inc. | 5.42% | 2,150,911 | $477.8M | Add +1.6% |
| MSFT Microsoft Corp. | 4.58% | 1,076,867 | $404.2M | Add +0.9% |
| NVDA Nvidia Corp. | 3.96% | 3,218,426 | $348.8M | Add +2.3% |
| AMZN Amazon.com Inc. | 2.80% | 1,296,478 | $246.7M | Add +3.1% |
| META Meta Platforms Inc. Class A | 2.06% | 315,315 | $181.7M | Add +2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.62% | 268,741 | $143.1M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 1.36% | 774,799 | $119.8M | Add +2.3% |
| GOOG Alphabet Inc. Class C | 1.35% | 759,225 | $118.6M | Add +1.5% |
| AVGO Broadcom Inc. | 1.21% | 638,650 | $106.9M | Add +2.8% |
| TSLA Tesla Inc. | 1.10% | 374,294 | $97.0M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 153,353 | $85.8M | Add +2105.9% |
| JPM JPMorgan Chase & Co. | 0.91% | 327,497 | $80.3M | Add +2.0% |
| LLY Eli Lilly & Co. | 0.90% | 96,339 | $79.6M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.90% | 668,394 | $79.5M | Add +1.6% |
| V Visa Inc. Class A | 0.80% | 201,870 | $70.7M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 0.79% | 132,495 | $69.4M | Add +2.3% |
| MA Mastercard Inc. Class A | 0.78% | 125,433 | $68.8M | Add +1.6% |
| PLD Prologis Inc. | 0.71% | 560,997 | $62.7M | Add +1.3% |
| AMT American Tower Corp. | 0.70% | 283,279 | $61.6M | Add +1.3% |
| ABBV Abbvie Inc. | 0.67% | 280,921 | $58.9M | Add +1.9% |
| JNJ Johnson & Johnson | 0.66% | 352,378 | $58.4M | Add +14.5% |
| PG The Procter & Gamble Co. | 0.66% | 340,114 | $58.0M | Add +24.6% |
| WELL Welltower Inc. | 0.65% | 375,363 | $57.5M | Add +2.4% |
| COST Costco Wholesale Corp. | 0.64% | 59,974 | $56.7M | Add +10.1% |
| NFLX Netflix Inc. | 0.56% | 53,222 | $49.6M | Add +2.5% |
| EQIX Equinix Inc. | 0.54% | 58,824 | $48.0M | Add +1.8% |
| WMT Walmart Inc. | 0.53% | 534,559 | $46.9M | Add +2.5% |
| WFC Wells Fargo & Co. | 0.51% | 628,397 | $45.1M | Add +0.9% |
| HD Home Depot Inc. | 0.48% | 116,372 | $42.6M | Add +2.8% |
| CVX Chevron Corp. | 0.45% | 237,949 | $39.8M | Add +2.3% |
| CSCO Cisco Systems Inc. | 0.42% | 595,626 | $36.8M | Add +3.9% |
| ORCL Oracle Corp. | 0.38% | 241,113 | $33.7M | Add +31.6% |
| ABT Abbott Laboratories | 0.37% | 246,749 | $32.7M | Add +24.8% |
| KO The Coca-Cola Co. | 0.37% | 453,622 | $32.5M | Add +2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 775,998 | $32.4M | Add +1.9% |
| SPG Simon Property Group Inc. | 0.37% | 194,602 | $32.3M | Add +1.4% |
| VZ Verizon Communications Inc. | 0.36% | 705,392 | $32.0M | Add +4.5% |
| QCOM Qualcomm Inc. | 0.36% | 206,830 | $31.8M | Add +1.4% |
| PM Philip Morris International | 0.36% | 199,190 | $31.6M | Add +2.5% |
| MRK Merck & Co. Inc. | 0.35% | 342,089 | $30.7M | Add +2.4% |
| O Realty Income Corp. | 0.35% | 528,902 | $30.7M | Add +1.2% |
| PEP Pepsico Inc. | 0.34% | 200,851 | $30.1M | Add +2.2% |
| CRM Salesforce Inc. | 0.34% | 112,140 | $30.1M | Add +2.9% |
| LOW Lowe's Cos Inc. | 0.33% | 125,299 | $29.2M | Add +1.2% |
| PSA Public Storage | 0.33% | 95,983 | $28.7M | Add +1.4% |
| DLR Digital Realty Trust Inc. | 0.32% | 199,561 | $28.6M | Add +1.7% |
| CCI Crown Castle Inc. | 0.31% | 264,082 | $27.5M | Add +1.7% |
| T AT&T Inc. | 0.31% | 971,359 | $27.5M | Add +2.4% |
| ACN Accenture PLC Class A | 0.31% | 87,297 | $27.2M | Add +22.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 108,285 | $26.9M | Add +2.7% |
| COP Conocophillips | 0.30% | 256,021 | $26.9M | Add +0.8% |
| MCD McDonald's Corp. | 0.30% | 83,946 | $26.2M | Add +2.8% |
| LIN Linde PLC | 0.29% | 55,758 | $26.0M | Add +2.7% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 125,638 | $25.1M | Add +1.8% |
| ADBE Adobe Inc. | 0.28% | 63,907 | $24.5M | Add +1.3% |
| CMCSA Comcast Corp. Class A | 0.27% | 654,888 | $24.2M | Add +1.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 46,505 | $22.5M | Add +1.6% |
| GS Goldman Sachs Group Inc. | 0.25% | 40,969 | $22.4M | Add +14.5% |
| AMGN Amgen Inc. | 0.25% | 71,649 | $22.3M | Reduce -4.8% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 44,807 | $22.3M | Add +2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 181,712 | $22.1M | Add +1.8% |
| AXP American Express Co. | 0.25% | 81,036 | $21.8M | Add +2.0% |
| AMD Advanced Micro Devices | 0.24% | 203,839 | $20.9M | Add +10.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 211,943 | $20.9M | Add +2.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.24% | 640,550 | $20.9M | Add +2.8% |
| ISRG Intuitive Surgical Inc. | 0.23% | 41,789 | $20.7M | Add +2.9% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 339,227 | $20.7M | Reduce -6.5% |
| RTX RTX Corp. | 0.23% | 156,079 | $20.7M | Add +2.9% |
| GILD Gilead Sciences Inc. | 0.23% | 184,322 | $20.7M | Add +2.2% |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 240,095 | $20.3M | Add +2.7% |
| PFE Pfizer Inc. | 0.23% | 796,553 | $20.2M | Add +2.3% |
| INTU Intuit Inc. | 0.23% | 32,803 | $20.1M | Add +2.6% |
| PGR Progressive Corp. | 0.22% | 68,644 | $19.4M | Add +2.7% |
| NOW ServiceNow Inc. | 0.22% | 24,137 | $19.2M | Reduce -3.0% |
| TXN Texas Instruments Inc. | 0.22% | 106,637 | $19.2M | Add +2.5% |
| MO Altria Group Inc. | 0.22% | 318,588 | $19.1M | Add +5.1% |
| EXR Extra Space Storage Inc. | 0.21% | 127,149 | $18.9M | Add +1.5% |
| SPGI S&P Global Inc. | 0.21% | 36,911 | $18.8M | Add +2.0% |
| AVB Avalonbay Communities Inc. | 0.21% | 86,242 | $18.5M | Add +1.8% |
| CAT Caterpillar Inc. | 0.21% | 56,008 | $18.5M | Add +1.7% |
| BKNG Booking Holdings Inc. | 0.20% | 3,876 | $17.9M | Add +2.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.20% | 51,682 | $17.8M | Add +3.8% |
| UBER Uber Technologies Inc. | 0.20% | 244,720 | $17.8M | Add +1.9% |
| VTR Ventas Inc. | 0.20% | 255,640 | $17.6M | Add +2.4% |
| BSX Boston Scientific Corp. | 0.20% | 172,671 | $17.4M | Add +2.8% |
| ELV Elevance Health Inc. | 0.20% | 39,698 | $17.3M | Reduce -10.8% |
| MDT Medtronic PLC | 0.19% | 190,206 | $17.1M | Add +2.1% |
| NEE Nextera Energy Inc. | 0.19% | 241,031 | $17.1M | Add +2.8% |
| MS Morgan Stanley | 0.19% | 144,999 | $16.9M | Add +2.5% |
| FISV Fiserv Inc. | 0.19% | 76,408 | $16.9M | Add +2.4% |
| UNP Union Pacific Corp. | 0.19% | 70,791 | $16.7M | Add +2.4% |
| AMP Ameriprise Financial Inc. | 0.19% | 34,234 | $16.6M | Reduce -18.6% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.18% | 225,753 | $16.2M | Add +2.1% |
| BLK BlackRock Inc. | 0.18% | 17,057 | $16.1M | Add +2.8% |
| HON Honeywell International Inc. | 0.18% | 76,162 | $16.1M | Add +2.7% |
| MRSH Marsh & McLennan Cos | 0.18% | 64,475 | $15.7M | Add +2.5% |
| GLPI Gaming and Leisure Propertie | 0.18% | 308,232 | $15.7M | Add +0.8% |
| SCHW Schwab (charles) Corp. | 0.18% | 199,687 | $15.6M | Add +17.2% |
| C Citigroup Inc. | 0.18% | 220,014 | $15.6M | Add +2.0% |
| MCK McKesson Corp. | 0.18% | 23,141 | $15.6M | Add +0.9% |
Portfolio Sells Q4 2024 → Q1 2025
| LECO Lincoln Electric Holdings | Reduce -62.9% | 0.06% | −0.10 |
| NOW ServiceNow Inc. | Reduce -3.0% | 0.22% | −0.08 |
| PPC Pilgrim's Pride Corp. | Reduce -96.5% | 0.00% | −0.06 |
| AMP Ameriprise Financial Inc. | Reduce -18.6% | 0.19% | −0.06 |
| HES Hess Corp. | Reduce -57.7% | 0.06% | −0.06 |
| G Genpact Ltd. | Reduce -44.5% | 0.11% | −0.05 |
| BARNES GROUP INC | Sold out | 0.00% | −0.05 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -52.3% | 0.04% | −0.05 |
| ANET Arista Networks Inc. | Reduce -3.3% | 0.11% | −0.05 |
| BBWI Bath & Body Works Inc. | Reduce -79.7% | 0.01% | −0.05 |
| ALK Alaska Air Group Inc. | Reduce -80.0% | 0.01% | −0.04 |
| ATI Ati Inc. | Reduce -79.4% | 0.01% | −0.04 |
| VFC VF Corp. | Reduce -79.4% | 0.01% | −0.04 |
| SLVM Sylvamo Corp. | Reduce -17.0% | 0.08% | −0.03 |
| SIG Signet Jewelers Ltd. | Reduce -53.7% | 0.02% | −0.03 |
| EMBC Embecta Corp. | Reduce -0.1% | 0.05% | −0.03 |
| LFUS Littelfuse Inc. | Reduce -58.7% | 0.02% | −0.03 |
| EA Electronic Arts Inc. | Reduce -31.2% | 0.06% | −0.03 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.03 |
| SIRI Sirius XM Holdings Inc. | Reduce -42.7% | 0.03% | −0.03 |
| HIMS Hims & Hers Health Inc. | Reduce -79.4% | 0.01% | −0.02 |
| BRKR Bruker Corp. | Reduce -69.5% | 0.01% | −0.02 |
| UI Ubiquiti Inc. | Sold out | 0.00% | −0.02 |
| GKOS Glaukos Corp. | Reduce -2.5% | 0.03% | −0.02 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.02 |
| JBL Jabil Inc. | Reduce -25.0% | 0.05% | −0.02 |
| RPRX Royalty Pharma PLC Class A | Sold out | 0.00% | −0.02 |
| HOLX Hologic Inc. | Reduce -0.1% | 0.12% | −0.02 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.02 |
| LEN.B Lennar Corp. Class B | Reduce -18.8% | 0.03% | −0.02 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.02 |
| GM General Motors Co. | Reduce -4.7% | 0.09% | −0.02 |
| ALSN Allison Transmission Holding | Reduce -9.8% | 0.07% | −0.02 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.02 |
| SMTC Semtech Corp. | Reduce -0.7% | 0.02% | −0.01 |
| SNDR Schneider National Inc. Class B | Reduce -0.3% | 0.05% | −0.01 |
| NVT Nvent Electric PLC | Reduce -42.5% | 0.01% | −0.01 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.01 |
| SANM Sanmina Corp. | Reduce -17.1% | 0.07% | −0.01 |
| ECHO Echostar Corp. Class A | Reduce -79.4% | 0.00% | −0.01 |
| NXST Nexstar Media Group Inc. | Reduce -43.1% | 0.03% | −0.01 |
| BTU Peabody Energy Corp. | Reduce -1.1% | 0.02% | −0.01 |
| VIR Vir Biotechnology Inc. | Reduce -74.7% | 0.00% | −0.01 |
| SPSC SPS Commerce Inc. | Reduce -1.5% | 0.03% | −0.01 |
| VSXY Victoria's Secret & Co. | Reduce -2.4% | 0.01% | −0.01 |
| RHI Robert Half Inc. | Reduce -3.5% | 0.03% | −0.01 |
| RXO Rxo Inc. | Reduce -0.5% | 0.05% | −0.01 |
| HPQ HP Inc. | Reduce 0.0% | 0.07% | −0.01 |
| SHAK Shake Shack Inc. Class A | Reduce -2.2% | 0.02% | −0.01 |
| ALGM Allegro Microsystems Inc. | Reduce -75.3% | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2105.9% | 0.97% | +0.93 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.2% | 1.62% | +0.29 |
| JNJ Johnson & Johnson | Add +14.5% | 0.66% | +0.17 |
| PG The Procter & Gamble Co. | Add +24.6% | 0.66% | +0.15 |
| WELL Welltower Inc. | Add +2.4% | 0.65% | +0.14 |
| AMT American Tower Corp. | Add +1.3% | 0.70% | +0.13 |
| ABT Abbott Laboratories | Add +24.8% | 0.37% | +0.12 |
| ABBV Abbvie Inc. | Add +1.9% | 0.67% | +0.12 |
| XOM Exxon Mobil Corp. | Add +1.6% | 0.90% | +0.11 |
| V Visa Inc. Class A | Add +2.4% | 0.80% | +0.11 |
| PM Philip Morris International | Add +2.5% | 0.36% | +0.10 |
| LLY Eli Lilly & Co. | Add +2.5% | 0.90% | +0.09 |
| COST Costco Wholesale Corp. | Add +10.1% | 0.64% | +0.09 |
| DASH DoorDash Inc. Class A | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +2.3% | 0.45% | +0.07 |
| T AT&T Inc. | Add +2.4% | 0.31% | +0.07 |
| VZ Verizon Communications Inc. | Add +4.5% | 0.36% | +0.06 |
| KO The Coca-Cola Co. | Add +2.6% | 0.37% | +0.06 |
| PLD Prologis Inc. | Add +1.3% | 0.71% | +0.06 |
| FMC FMC Corp. | Add +842.2% | 0.06% | +0.06 |
| CE Celanese Corp. | Add +722.7% | 0.07% | +0.06 |
| GE General Electric | Add +1.8% | 0.29% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +2.3% | 0.79% | +0.06 |
| MA Mastercard Inc. Class A | Add +1.6% | 0.78% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +2.0% | 0.91% | +0.05 |
| CVS CVS Health Corp. | Add +2.4% | 0.14% | +0.05 |
| META Meta Platforms Inc. Class A | Add +2.6% | 2.06% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.6% | 0.26% | +0.05 |
| CCI Crown Castle Inc. | Add +1.7% | 0.31% | +0.05 |
| GILD Gilead Sciences Inc. | Add +2.2% | 0.23% | +0.05 |
| IBM Intl Business Machines Corp. | Add +2.7% | 0.31% | +0.05 |
| NFLX Netflix Inc. | Add +2.5% | 0.56% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +3.8% | 0.20% | +0.04 |
| PGR Progressive Corp. | Add +2.7% | 0.22% | +0.04 |
| ORCL Oracle Corp. | Add +31.6% | 0.38% | +0.04 |
| UBER Uber Technologies Inc. | Add +1.9% | 0.20% | +0.04 |
| LIN Linde PLC | Add +2.7% | 0.29% | +0.04 |
| MO Altria Group Inc. | Add +5.1% | 0.22% | +0.04 |
| TAP Molson Coors Beverage Co. Class B | Add +281.9% | 0.05% | +0.04 |
| RTX RTX Corp. | Add +2.9% | 0.23% | +0.04 |
| CSCO Cisco Systems Inc. | Add +3.9% | 0.42% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +17.2% | 0.18% | +0.04 |
| O Realty Income Corp. | Add +1.2% | 0.35% | +0.04 |
| VTR Ventas Inc. | Add +2.4% | 0.20% | +0.04 |
| NFG National Fuel Gas Co. | Add +0.1% | 0.14% | +0.03 |
| VICI Vici Properties Inc. | Add +2.8% | 0.24% | +0.03 |
| TMUS T-Mobile US Inc. | Add +1.1% | 0.17% | +0.03 |
| MCD McDonald's Corp. | Add +2.8% | 0.30% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +2.7% | 0.23% | +0.03 |
| WSC Willscot Holdings Corp. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,173 | $10.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,191 | $9.2B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,204 | $9.4B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 2,081 | $9.8B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 1,583 | $9.3B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 1,581 | $8.8B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,587 | $8.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q3 2024 | 1,600 | $9.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,605 | $8.9B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 1,598 | $8.8B | MSFT, AAPL, NVDA, AMZN, META |