State of Alaska, Department of Revenue
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), State of Alaska, Department of Revenue reported 1,583 stock positions worth $9.3 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Nvidia (NVDA, 5.2%) and Apple (AAPL, 4.5%). Compared with Q1 2025, it opened 8 new positions, sold out of 7, added to 708 and reduced 837. The biggest buy was a new position in Coinbase Global Class A (COIN) and the biggest sale Apple (AAPL, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- JUNEAU, AK
- CIK
- 0001370102
- Portfolio Value
- $9.3B (Q2 2025)
- SEC Filing
- 0001370102-25-000010 ↗ filed Jul 16, 2025
Holdings Value
Holdings 1,583 stocks · $9.3B
| MSFT Microsoft Corp. | 5.54% | 1,041,885 | $518.2M | Reduce -3.3% |
| NVDA Nvidia Corp. | 5.23% | 3,092,940 | $488.7M | Reduce -3.9% |
| AAPL Apple Inc. | 4.50% | 2,050,758 | $420.8M | Reduce -4.7% |
| AMZN Amazon.com Inc. | 2.94% | 1,251,628 | $274.6M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 2.39% | 302,527 | $223.3M | Reduce -4.1% |
| AVGO Broadcom Inc. | 1.82% | 617,909 | $170.3M | Reduce -3.3% |
| GOOGL Alphabet Inc. Class A | 1.40% | 742,930 | $130.9M | Reduce -4.1% |
| GOOG Alphabet Inc. Class C | 1.39% | 730,758 | $129.6M | Reduce -3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.35% | 259,990 | $126.3M | Reduce -3.3% |
| TSLA Tesla Inc. | 1.23% | 362,150 | $115.0M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 0.97% | 312,506 | $90.6M | Reduce -4.6% |
| LLY Eli Lilly & Co. | 0.77% | 92,571 | $72.2M | Reduce -3.9% |
| XOM Exxon Mobil Corp. | 0.74% | 643,311 | $69.3M | Reduce -3.8% |
| NFLX Netflix Inc. | 0.73% | 50,989 | $68.3M | Reduce -4.2% |
| V Visa Inc. Class A | 0.73% | 192,307 | $68.3M | Reduce -4.7% |
| MA Mastercard Inc. Class A | 0.73% | 121,058 | $68.0M | Reduce -3.5% |
| AMT American Tower Corp. | 0.67% | 281,428 | $62.2M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.65% | 61,834 | $61.2M | Add +3.1% |
| WELL Welltower Inc. | 0.64% | 390,532 | $60.0M | Add +4.0% |
| PLD Prologis Inc. | 0.63% | 558,241 | $58.7M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.56% | 328,469 | $52.3M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.56% | 340,473 | $52.0M | Reduce -3.4% |
| ABBV Abbvie Inc. | 0.54% | 272,515 | $50.6M | Reduce -3.0% |
| ORCL Oracle Corp. | 0.54% | 230,428 | $50.4M | Reduce -4.4% |
| WMT Walmart Inc. | 0.54% | 511,842 | $50.0M | Reduce -4.3% |
| WFC Wells Fargo & Co. | 0.52% | 608,687 | $48.8M | Reduce -3.1% |
| EQIX Equinix Inc. | 0.50% | 58,782 | $46.8M | Reduce -0.1% |
| HD Home Depot Inc. | 0.44% | 111,608 | $40.9M | Reduce -4.1% |
| UNH Unitedhealth Group Inc. | 0.43% | 129,485 | $40.4M | Reduce -2.3% |
| CSCO Cisco Systems Inc. | 0.43% | 576,491 | $40.0M | Reduce -3.2% |
| DLR Digital Realty Trust Inc. | 0.37% | 200,711 | $35.0M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 737,578 | $34.9M | Reduce -5.0% |
| PM Philip Morris International | 0.37% | 191,625 | $34.9M | Reduce -3.8% |
| QCOM Qualcomm Inc. | 0.36% | 210,525 | $33.5M | Add +1.8% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 239,630 | $32.7M | Reduce -0.2% |
| ABT Abbott Laboratories | 0.35% | 239,004 | $32.5M | Reduce -3.1% |
| CVX Chevron Corp. | 0.34% | 224,759 | $32.2M | Reduce -5.5% |
| SPG Simon Property Group Inc. | 0.33% | 193,104 | $31.0M | Reduce -0.8% |
| O Realty Income Corp. | 0.33% | 538,537 | $31.0M | Add +1.8% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 119,867 | $30.9M | Reduce -4.6% |
| KO The Coca-Cola Co. | 0.33% | 434,722 | $30.8M | Reduce -4.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 104,305 | $30.7M | Reduce -3.7% |
| VZ Verizon Communications Inc. | 0.32% | 685,437 | $29.7M | Reduce -2.8% |
| CRM Salesforce Inc. | 0.31% | 107,725 | $29.4M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 45,763 | $28.3M | Reduce -70.2% |
| PSA Public Storage | 0.30% | 95,012 | $27.9M | Reduce -1.0% |
| AMD Advanced Micro Devices | 0.30% | 196,379 | $27.9M | Reduce -3.7% |
| GS Goldman Sachs Group Inc. | 0.29% | 38,879 | $27.5M | Reduce -5.1% |
| T AT&T Inc. | 0.29% | 938,524 | $27.2M | Reduce -3.4% |
| LOW Lowe's Cos Inc. | 0.29% | 122,024 | $27.1M | Reduce -2.6% |
| CCI Crown Castle Inc. | 0.29% | 261,160 | $26.8M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 0.28% | 327,444 | $25.9M | Reduce -4.3% |
| PEP Pepsico Inc. | 0.27% | 194,071 | $25.6M | Reduce -3.4% |
| ACN Accenture PLC Class A | 0.27% | 84,262 | $25.2M | Reduce -3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 201,658 | $25.0M | Reduce -4.8% |
| AXP American Express Co. | 0.27% | 78,251 | $25.0M | Reduce -3.4% |
| LIN Linde PLC | 0.27% | 52,823 | $24.8M | Reduce -5.3% |
| INTU Intuit Inc. | 0.26% | 31,408 | $24.7M | Reduce -4.3% |
| NOW ServiceNow Inc. | 0.26% | 23,292 | $23.9M | Reduce -3.5% |
| ADBE Adobe Inc. | 0.25% | 60,807 | $23.5M | Reduce -4.8% |
| MCD McDonald's Corp. | 0.25% | 80,351 | $23.5M | Reduce -4.3% |
| CMCSA Comcast Corp. Class A | 0.24% | 631,318 | $22.5M | Reduce -3.6% |
| COP Conocophillips | 0.24% | 248,761 | $22.3M | Reduce -2.8% |
| COF Capital One Financial Corp. | 0.24% | 103,855 | $22.1M | Add +35.4% |
| RTX RTX Corp. | 0.23% | 150,189 | $21.9M | Reduce -3.8% |
| UBER Uber Technologies Inc. | 0.23% | 234,630 | $21.9M | Reduce -4.1% |
| ISRG Intuitive Surgical Inc. | 0.23% | 40,259 | $21.9M | Reduce -3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 175,527 | $21.7M | Reduce -3.4% |
| TXN Texas Instruments Inc. | 0.23% | 102,157 | $21.2M | Reduce -4.2% |
| BKNG Booking Holdings Inc. | 0.23% | 3,661 | $21.2M | Reduce -5.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.22% | 635,718 | $20.7M | Reduce -0.8% |
| CAT Caterpillar Inc. | 0.22% | 52,818 | $20.5M | Reduce -5.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 45,255 | $20.1M | Reduce -2.7% |
| MU Micron Technology Inc. | 0.21% | 162,527 | $20.0M | Add +11.7% |
| GILD Gilead Sciences Inc. | 0.21% | 178,037 | $19.7M | Reduce -3.4% |
| MS Morgan Stanley | 0.21% | 138,824 | $19.6M | Reduce -4.3% |
| AMGN Amgen Inc. | 0.21% | 69,009 | $19.3M | Reduce -3.7% |
| EXR Extra Space Storage Inc. | 0.20% | 126,968 | $18.7M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.20% | 771,283 | $18.7M | Reduce -3.2% |
| SPGI S&P Global Inc. | 0.20% | 35,241 | $18.6M | Reduce -4.5% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.19% | 176,708 | $18.1M | Add +0.0% |
| MO Altria Group Inc. | 0.19% | 308,878 | $18.1M | Reduce -3.0% |
| AMP Ameriprise Financial Inc. | 0.19% | 33,664 | $18.0M | Reduce -1.7% |
| C Citigroup Inc. | 0.19% | 210,114 | $17.9M | Reduce -4.5% |
| BSX Boston Scientific Corp. | 0.19% | 166,256 | $17.9M | Reduce -3.7% |
| SEIC Sei Investments Company | 0.19% | 198,665 | $17.9M | Reduce -0.3% |
| BA The Boeing Co. | 0.19% | 85,004 | $17.8M | Reduce -3.2% |
| PGR Progressive Corp. | 0.19% | 65,854 | $17.6M | Reduce -4.1% |
| SCHW Schwab (charles) Corp. | 0.19% | 191,817 | $17.5M | Reduce -3.9% |
| AVB Avalonbay Communities Inc. | 0.19% | 85,552 | $17.4M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 42,507 | $17.2M | Reduce -5.1% |
| BLK BlackRock Inc. | 0.18% | 16,357 | $17.2M | Reduce -4.1% |
| HON Honeywell International Inc. | 0.18% | 72,152 | $16.8M | Reduce -5.3% |
| AMAT Applied Materials Inc. | 0.18% | 91,356 | $16.7M | Reduce -4.0% |
| VTR Ventas Inc. | 0.18% | 264,287 | $16.7M | Add +3.4% |
| MCK McKesson Corp. | 0.18% | 22,511 | $16.5M | Reduce -2.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.17% | 50,637 | $16.2M | Reduce -2.0% |
| GEV GE Vernova Inc. | 0.17% | 30,610 | $16.2M | Reduce -5.3% |
| MDT Medtronic PLC | 0.17% | 184,116 | $16.0M | Reduce -3.2% |
| NEE Nextera Energy Inc. | 0.17% | 230,716 | $16.0M | Reduce -4.3% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -4.7% | 4.50% | −0.92 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -70.2% | 0.30% | −0.67 |
| UNH Unitedhealth Group Inc. | Reduce -2.3% | 0.43% | −0.35 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 1.35% | −0.27 |
| XOM Exxon Mobil Corp. | Reduce -3.8% | 0.74% | −0.16 |
| LOPE Grand Canyon Education Inc. | Reduce -95.6% | 0.01% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -3.9% | 0.77% | −0.13 |
| ABBV Abbvie Inc. | Reduce -3.0% | 0.54% | −0.13 |
| CVX Chevron Corp. | Reduce -5.5% | 0.34% | −0.11 |
| JNJ Johnson & Johnson | Reduce -3.4% | 0.56% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -3.4% | 0.56% | −0.10 |
| PLD Prologis Inc. | Reduce -0.5% | 0.63% | −0.08 |
| V Visa Inc. Class A | Reduce -4.7% | 0.73% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.6% | 0.16% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -4.3% | 0.28% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.1% | 0.18% | −0.07 |
| PEP Pepsico Inc. | Reduce -3.4% | 0.27% | −0.07 |
| COP Conocophillips | Reduce -2.8% | 0.24% | −0.07 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -3.5% | 0.73% | −0.05 |
| FISV Fiserv Inc. | Reduce -0.3% | 0.14% | −0.05 |
| PREMIER INC-CLASS A | Reduce -82.7% | 0.01% | −0.05 |
| AMGN Amgen Inc. | Reduce -3.7% | 0.21% | −0.05 |
| MCD McDonald's Corp. | Reduce -4.3% | 0.25% | −0.05 |
| HD Home Depot Inc. | Reduce -4.1% | 0.44% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -2.8% | 0.32% | −0.05 |
| EQIX Equinix Inc. | Reduce -0.1% | 0.50% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -2.6% | 0.29% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -2.7% | 0.22% | −0.04 |
| ACN Accenture PLC Class A | Reduce -3.5% | 0.27% | −0.04 |
| KO The Coca-Cola Co. | Reduce -4.2% | 0.33% | −0.04 |
| ELV Elevance Health Inc. | Reduce -4.5% | 0.16% | −0.04 |
| CHE Chemed Corp. | Reduce -0.5% | 0.10% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -0.8% | 0.33% | −0.03 |
| AMT American Tower Corp. | Reduce -0.7% | 0.67% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -4.7% | 0.14% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -3.6% | 0.24% | −0.03 |
| PGR Progressive Corp. | Reduce -4.1% | 0.19% | −0.03 |
| FNF Fidelity National Financial | Reduce -0.6% | 0.13% | −0.03 |
| LIN Linde PLC | Reduce -5.3% | 0.27% | −0.03 |
| AJG Arthur J Gallagher & Co. | Reduce -2.0% | 0.17% | −0.03 |
| PFE Pfizer Inc. | Reduce -3.2% | 0.20% | −0.03 |
| ARE Alexandria Real Estate Equit | Reduce -0.6% | 0.08% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -4.2% | 0.06% | −0.03 |
| CE Celanese Corp. | Reduce -36.5% | 0.04% | −0.03 |
| PSA Public Storage | Reduce -1.0% | 0.30% | −0.03 |
| CRM Salesforce Inc. | Reduce -3.9% | 0.31% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -1.0% | 0.12% | −0.03 |
| ADBE Adobe Inc. | Reduce -4.8% | 0.25% | −0.03 |
| CCI Crown Castle Inc. | Reduce -1.1% | 0.29% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| COIN Coinbase Global Inc. Class A | New | 0.09% | +0.09 |
| COF Capital One Financial Corp. | Add +35.4% | 0.24% | +0.08 |
| MU Micron Technology Inc. | Add +11.7% | 0.21% | +0.07 |
| SNDK Sandisk Corp. | Add +187.3% | 0.09% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +0.6% | 0.37% | +0.05 |
| RL Ralph Lauren Corp. | Add +317.1% | 0.06% | +0.05 |
| STRL Sterling Infrastructure Inc. | New | 0.04% | +0.04 |
| OSK Oshkosh Corp. | Add +136.9% | 0.06% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +41.5% | 0.11% | +0.04 |
| TKR Timken Co. | Add +127.2% | 0.06% | +0.03 |
| THC Tenet Healthcare Corp. | Add +60.0% | 0.07% | +0.03 |
| ON On Semiconductor | Add +39.4% | 0.08% | +0.03 |
| AVAV Aerovironment Inc. | Add +8.1% | 0.05% | +0.03 |
| BBY Best Buy Co. Inc. | Add +100.2% | 0.07% | +0.03 |
| SANM Sanmina Corp. | Add +13.6% | 0.10% | +0.03 |
| APA Apa Corp. | Add +339.7% | 0.04% | +0.03 |
| AMKR Amkor Technology Inc. | Add +30.2% | 0.08% | +0.02 |
| RAL Ralliant Corp. | Add +332.2% | 0.03% | +0.02 |
| SKX Skechers USA Inc. Class A | Add +80.0% | 0.05% | +0.02 |
| IRM Iron Mountain Inc. | Add +0.0% | 0.19% | +0.02 |
| UNM Unum Group | Add +133.9% | 0.04% | +0.02 |
| KTOS Kratos Defense & Security | Add +15.8% | 0.05% | +0.02 |
| OKTA Okta Inc. | New | 0.02% | +0.02 |
| MRP Millrose Properties | Add +76.1% | 0.04% | +0.02 |
| JAZZ Jazz Pharmaceuticals PLC | Add +75.1% | 0.07% | +0.02 |
| WSM Williams-Sonoma Inc. | Add +53.4% | 0.05% | +0.02 |
| EXPE Expedia Group Inc. | Add +63.7% | 0.04% | +0.02 |
| MAN Manpowergroup Inc. | Add +700.1% | 0.02% | +0.02 |
| WDC Western Digital Corp. | Add +20.8% | 0.03% | +0.01 |
| TMDX Transmedics Group Inc. | Add +8.3% | 0.03% | +0.01 |
| UHS Universal Health Services-B | Add +43.6% | 0.06% | +0.01 |
| IDA Idacorp Inc. | Add +38.3% | 0.06% | +0.01 |
| SHAK Shake Shack Inc. Class A | Add +8.1% | 0.04% | +0.01 |
| APG Api Group Corp. | New | 0.01% | +0.01 |
| TTMI TTM Technologies | Add +7.2% | 0.03% | +0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Add +89.8% | 0.04% | +0.01 |
| FSS Federal Signal Corp. | Add +7.3% | 0.04% | +0.01 |
| GPK Graphic Packaging Holding Co. | Add +195.1% | 0.02% | +0.01 |
| COOP Mr Cooper Group Inc. | Add +8.1% | 0.06% | +0.01 |
| SPXC SPX Technologies Inc. | Add +8.3% | 0.05% | +0.01 |
| DXC DXC Technology Co. | Add +57.6% | 0.05% | +0.01 |
| AMCR Amcor PLC | Add +51.6% | 0.05% | +0.01 |
| ANSS Ansys Inc. | Add +25.6% | 0.05% | +0.01 |
| COST Costco Wholesale Corp. | Add +3.1% | 0.65% | +0.01 |
| WDAY Workday Inc. Class A | Add +21.1% | 0.08% | +0.01 |
| AUB Atlantic Union Bankshares Co. | Add +70.5% | 0.03% | +0.01 |
| BMI Badger Meter Inc. | Add +7.7% | 0.05% | +0.01 |
| ROST Ross Stores Inc. | Add +26.6% | 0.07% | +0.01 |
| MARA Mara Holdings Inc. | Add +11.5% | 0.04% | +0.01 |
| TSN Tyson Foods Inc. Class A | Add +70.5% | 0.03% | +0.01 |
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 |