State of New Jersey Common Pension Fund D

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), State of New Jersey Common Pension Fund D reported 1,540 stock positions worth $24.8 billion. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by Nvidia (NVDA, 4.9%) and Microsoft (MSFT, 4.4%). Compared with Q3 2024, it opened 54 new positions, sold out of 45, added to 393 and reduced 603. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
TRENTON, NJ
CIK
0001483066
Portfolio Value
$24.8B (Q4 2024)
SEC Filing
0001085146-25-000663 ↗ filed Jan 31, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $33.1B Q1 2024 Q2 2024: $22.9B Q2 2024 Q3 2024: $24.3B Q3 2024 Q4 2024: $24.8B $24.8B Q4 2024 Q1 2025: $22.2B Q1 2025 Q2 2025: $25.8B Q2 2025 Q3 2025: $27.2B Q3 2025 Q4 2025: $27.7B Q4 2025 Q1 2026: $25.9B Q1 2026 Q2 2026: $29.3B Q2 2026

Holdings 1,540 stocks · $24.8B
AAPL Apple Inc. 5.64% 5,575,218 $1.4B Add +4.0%
NVDA Nvidia Corp. 4.88% 8,998,249 $1.2B Reduce -0.6%
MSFT Microsoft Corp. 4.41% 2,590,134 $1.1B Reduce -0.3%
AMZN Amazon.com Inc. 3.07% 3,464,116 $760.0M Add +0.5%
VTI VG Morningstar TS MKT ETF-US 2.06% 1,762,800 $510.9M No change
META Meta Platforms Inc. Class A 1.90% 802,184 $469.7M Reduce -0.6%
IEFA iShares Core MSCI Eafe ETF 1.82% 6,424,587 $451.5M No change
TSLA Tesla Inc. 1.72% 1,055,133 $426.1M Reduce -0.1%
VNQ Vanguard Real Estate ETF 1.65% 4,585,487 $408.5M No change
GOOGL Alphabet Inc. Class A 1.64% 2,149,643 $406.9M Reduce -0.5%
AVGO Broadcom Inc. 1.52% 1,627,453 $377.3M No change
GOOG Alphabet Inc. Class C 1.42% 1,846,671 $351.7M Reduce -1.0%
JPM JPMorgan Chase & Co. 1.01% 1,048,689 $251.4M Reduce -0.8%
LLY Eli Lilly & Co. 0.93% 297,310 $229.5M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.89% 487,315 $220.9M No change
SCZ iShares MSCI Eafe Small-Cap 0.87% 3,560,557 $216.3M No change
V Visa Inc. Class A 0.78% 612,401 $193.5M Add +5.0%
XOM Exxon Mobil Corp. 0.71% 1,641,117 $176.5M Reduce -1.0%
UNH Unitedhealth Group Inc. 0.69% 339,505 $171.7M No change
MA Mastercard Inc. Class A 0.65% 304,524 $160.4M Reduce -0.9%
SHYG iShares 0-5 YR HY Corp. Bond 0.64% 3,703,519 $157.8M No change
COST Costco Wholesale Corp. 0.60% 163,450 $149.8M No change
WMT Walmart Inc. 0.60% 1,640,114 $148.2M No change
PG The Procter & Gamble Co. 0.59% 866,765 $145.3M Reduce -0.5%
HD Home Depot Inc. 0.57% 365,714 $142.3M Reduce -0.1%
NFLX Netflix Inc. 0.57% 157,882 $140.7M Reduce -0.9%
SPHY SS SPDR P High Yield ETF 0.53% 5,616,858 $131.8M Add +19.1%
JNJ Johnson & Johnson 0.52% 888,333 $128.5M No change
SJNK SS SPDR BB St Hi Yield ETF 0.48% 4,689,415 $118.4M No change
CRM Salesforce Inc. 0.48% 352,061 $117.7M Reduce -1.6%
ABBV Abbvie Inc. 0.47% 650,330 $115.6M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.46% 2,583,858 $113.6M Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR 0.43% 543,104 $107.3M Reduce -8.0%
ORCL Oracle Corp. 0.41% 611,331 $101.9M No change
KO The Coca-Cola Co. 0.38% 1,513,201 $94.2M No change
CVX Chevron Corp. 0.38% 643,725 $93.2M Reduce -0.5%
MRK Merck & Co. Inc. 0.38% 936,006 $93.1M Reduce -0.1%
IWM iShares Russell 2000 ETF 0.36% 402,418 $88.9M No change
WFC Wells Fargo & Co. 0.36% 1,252,473 $88.0M Reduce -3.0%
CSCO Cisco Systems Inc. 0.35% 1,483,479 $87.8M Reduce -0.8%
PLD Prologis Inc. 0.34% 785,662 $83.0M Reduce -0.3%
ACN Accenture PLC Class A 0.33% 230,985 $81.3M Reduce -0.2%
NOW ServiceNow Inc. 0.32% 75,528 $80.1M No change
EQIX Equinix Inc. 0.32% 82,879 $78.1M Reduce -0.3%
PEP Pepsico Inc. 0.31% 506,554 $77.0M Reduce -0.2%
MCD McDonald's Corp. 0.31% 264,914 $76.8M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.30% 668,408 $74.4M Reduce -0.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.30% 337,577 $74.2M No change
LIN Linde PLC 0.30% 175,477 $73.5M Reduce -1.1%
TMO Thermo Fisher Scientific Inc. 0.29% 140,387 $73.0M No change
ABT Abbott Laboratories 0.29% 639,566 $72.3M No change
ADBE Adobe Inc. 0.29% 161,950 $72.0M Reduce -1.3%
AMD Advanced Micro Devices 0.29% 593,711 $71.7M Reduce -0.2%
INFY Infosys Ltd.-SP ADR 0.28% 3,200,230 $70.1M Reduce -3.3%
PM Philip Morris International 0.28% 573,049 $69.0M No change
ISRG Intuitive Surgical Inc. 0.28% 130,757 $68.2M No change
HDB HDFC Bank Ltd.-ADR 0.27% 1,048,551 $67.0M Add +9.9%
GE General Electric filed as GE AEROSPACE 0.27% 400,396 $66.8M Reduce -1.0%
GS Goldman Sachs Group Inc. 0.27% 116,125 $66.5M Reduce -2.3%
INTU Intuit Inc. 0.26% 103,260 $64.9M No change
CAT Caterpillar Inc. 0.26% 178,571 $64.8M Reduce -1.5%
SRLN SS Blackstone Sr Loan ETF 0.26% 1,550,000 $64.7M New
IGEB iShares Investment Grade SYS 0.25% 1,421,932 $63.1M No change
QCOM Qualcomm Inc. 0.25% 407,091 $62.5M Reduce -0.7%
TXN Texas Instruments Inc. 0.25% 333,304 $62.5M No change
AXP American Express Co. 0.25% 210,270 $62.4M Reduce -1.2%
VZ Verizon Communications Inc. 0.25% 1,539,418 $61.6M Reduce -0.6%
BKNG Booking Holdings Inc. 0.25% 12,277 $61.0M Reduce -1.7%
IEUR iShares Core MSCI Europe ETF 0.24% 1,101,056 $59.4M No change
T AT&T Inc. 0.24% 2,605,179 $59.3M No change
SPGI S&P Global Inc. 0.24% 118,228 $58.9M No change
WELL Welltower Inc. 0.24% 464,337 $58.5M Add +1.5%
HYDB iShares High Yield Systemati 0.23% 1,213,120 $57.0M Add +19.7%
RTX RTX Corp. 0.23% 490,278 $56.7M Reduce -0.1%
PLTR Palantir Technologies Inc. Class A 0.23% 748,244 $56.6M Add +0.4%
MS Morgan Stanley 0.23% 447,167 $56.2M Reduce -1.1%
BLK BlackRock Inc. 0.22% 54,227 $55.6M No change
PFE Pfizer Inc. 0.22% 2,088,825 $55.4M No change
DHR Danaher Corp. 0.22% 239,836 $55.1M Reduce -2.7%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.22% 510,991 $54.6M Reduce -32.9%
NEE Nextera Energy Inc. 0.22% 760,828 $54.5M No change
SPIB SS SPDR P Int C Corp. ETF 0.22% 1,655,766 $54.2M Reduce -31.2%
MELI MercadoLibre Inc. 0.22% 31,844 $54.1M Add +1.5%
HON Honeywell International Inc. 0.22% 238,308 $53.8M No change
CMCSA Comcast Corp. Class A 0.22% 1,427,438 $53.6M Reduce -2.1%
PGR Progressive Corp. 0.21% 218,092 $52.3M No change
AMGN Amgen Inc. 0.21% 197,276 $51.4M No change
LOW Lowe's Cos Inc. 0.21% 208,332 $51.4M Reduce -0.6%
UNP Union Pacific Corp. 0.21% 224,611 $51.2M Reduce -0.2%
MBB iShares MBS ETF 0.20% 550,000 $50.4M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.20% 413,240 $49.9M Reduce -1.8%
AMAT Applied Materials Inc. 0.20% 306,025 $49.8M Reduce -0.3%
C Citigroup Inc. 0.20% 696,609 $49.0M Reduce -0.1%
ETN Eaton Corp. PLC 0.20% 147,373 $48.9M Reduce -0.7%
BSX Boston Scientific Corp. 0.19% 539,036 $48.1M No change
COP Conocophillips 0.19% 483,810 $48.0M Add +10.6%
BA The Boeing Co. 0.19% 268,462 $47.5M Add +24.4%
JBBB Janus Henderson B-BBB Clo Et 0.19% 956,867 $47.0M No change
SPG Simon Property Group Inc. 0.19% 270,070 $46.5M No change
BX Blackstone Inc. 0.18% 263,513 $45.4M Add +0.1%

Show all 1,540 holdings

Portfolio Sells Q3 2024 → Q4 2024
MSFT Microsoft Corp. Reduce -0.3% 4.41% −0.20
LLY Eli Lilly & Co. Reduce -0.3% 0.93% −0.16
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -32.9% 0.22% −0.13
SPIB SS SPDR P Int C Corp. ETF Reduce -31.2% 0.22% −0.12
AMD Advanced Micro Devices Reduce -0.2% 0.29% −0.11
XOM Exxon Mobil Corp. Reduce -1.0% 0.71% −0.09
PLD Prologis Inc. Reduce -0.3% 0.34% −0.07
ABBV Abbvie Inc. Reduce -0.3% 0.47% −0.06
MRK Merck & Co. Inc. Reduce -0.1% 0.38% −0.06
DHR Danaher Corp. Reduce -2.7% 0.22% −0.06
ADBE Adobe Inc. Reduce -1.3% 0.29% −0.06
REGN Regeneron Pharmaceuticals Reduce -0.1% 0.11% −0.06
AMAT Applied Materials Inc. Reduce -0.3% 0.20% −0.05
LIN Linde PLC Reduce -1.1% 0.30% −0.05
PEP Pepsico Inc. Reduce -0.2% 0.31% −0.04
GE General Electric Reduce -1.0% 0.27% −0.04
VZ Verizon Communications Inc. Reduce -0.6% 0.25% −0.04
LMT Lockheed Martin Corp. Reduce -1.1% 0.15% −0.04
HD Home Depot Inc. Reduce -0.1% 0.57% −0.04
CVS CVS Health Corp. Reduce -0.3% 0.08% −0.04
MU Micron Technology Inc. Reduce -0.3% 0.14% −0.04
HCA HCA Healthcare Inc. Reduce -2.1% 0.09% −0.04
PG The Procter & Gamble Co. Reduce -0.5% 0.59% −0.04
QCOM Qualcomm Inc. Reduce -0.7% 0.25% −0.03
CMCSA Comcast Corp. Class A Reduce -2.1% 0.22% −0.03
CI The Cigna Group Reduce -1.4% 0.11% −0.03
SMCI Super Micro Computer Inc. Sold out 0.00% −0.03
EXR Extra Space Storage Inc. Reduce -0.9% 0.14% −0.03
KLAC KLA Corp. Reduce -0.7% 0.13% −0.03
CAT Caterpillar Inc. Reduce -1.5% 0.26% −0.03
NKE Nike Inc. Class B Reduce -2.9% 0.13% −0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.03
ITUB Itau Unibanco H-Spon PRF ADR Reduce -6.8% 0.06% −0.03
LOW Lowe's Cos Inc. Reduce -0.6% 0.21% −0.03
ZTS Zoetis Inc. Reduce -0.6% 0.11% −0.03
DHI D.R. Horton Inc. Reduce -0.2% 0.06% −0.02
LEN Lennar Corp. Class A Reduce -7.7% 0.05% −0.02
MCD McDonald's Corp. Reduce -0.4% 0.31% −0.02
MDT Medtronic PLC Reduce -0.0% 0.15% −0.02
LRCX Lam Research Corp. Reduce -0.7% 0.14% −0.02
MRO Marathon Oil Corp. Sold out 0.00% −0.02
UNP Union Pacific Corp. Reduce -0.2% 0.21% −0.02
VICI Vici Properties Inc. Reduce -2.5% 0.11% −0.02
CEG Constellation Energy Reduce -0.9% 0.10% −0.02
INFY Infosys Ltd.-SP ADR Reduce -3.3% 0.28% −0.02
ROIC Retail Opportunity Investmen Reduce -51.4% 0.02% −0.02
MCHP Microchip Technology Inc. Reduce -2.4% 0.04% −0.02
CL Colgate-Palmolive Co. Reduce -2.5% 0.10% −0.02
REXR Rexford Industrial Realty Inc. Reduce -1.4% 0.05% −0.02
SHW The Sherwin-Williams Co. Reduce -0.5% 0.12% −0.02

Portfolio Buys Q3 2024 → Q4 2024
AAPL Apple Inc. Add +4.0% 5.64% +0.49
AMZN Amazon.com Inc. Add +0.5% 3.07% +0.42
SRLN SS Blackstone Sr Loan ETF New 0.26% +0.26
MBB iShares MBS ETF New 0.20% +0.20
LONZ PIMCO Senior Loan Active ETF New 0.18% +0.18
V Visa Inc. Class A Add +5.0% 0.78% +0.12
BNDX Vanguard Total Intl Bond ETF New 0.12% +0.12
SPOT Spotify Technology SA New 0.12% +0.12
PLTR Palantir Technologies Inc. Class A Add +0.4% 0.23% +0.11
FLHY Franklin High Yield Corporat New 0.10% +0.10
SPHY SS SPDR P High Yield ETF Add +19.1% 0.53% +0.06
APP AppLovin Corp. Class A Add +2.1% 0.10% +0.06
BA The Boeing Co. Add +24.4% 0.19% +0.06
PHYL Pgim Active High Yield Bond New 0.05% +0.05
MSTR Strategy Inc. Add +15.0% 0.08% +0.04
HYDB iShares High Yield Systemati Add +19.7% 0.23% +0.03
SCHW Schwab (charles) Corp. Add +5.7% 0.18% +0.03
HDB HDFC Bank Ltd.-ADR Add +9.9% 0.27% +0.02
SMCI Super Micro Computer Inc. New 0.02% +0.02
COIN Coinbase Global Inc. Class A Add +0.8% 0.07% +0.02
RCL Royal Caribbean Cruises Ltd. Add +0.2% 0.08% +0.02
RNW Renew Energy Global PLC-A New 0.02% +0.02
EXE Expand Energy Corp. Add +95.8% 0.03% +0.02
BX Blackstone Inc. Add +0.1% 0.18% +0.02
DLR Digital Realty Trust Inc. Add +2.0% 0.17% +0.01
RDDT Reddit Inc. Class A New 0.01% +0.01
PRMB Primo Brands Corp. New 0.01% +0.01
RKLB Rocket Lab USA Inc. New 0.01% +0.01
IONQ Ionq Inc. New 0.01% +0.01
RBRK Rubrik Inc. Class A New 0.01% +0.01
ALAB Astera Labs Inc. New 0.01% +0.01
TLN Talen Energy Corp. New 0.01% +0.01
AHR American Healthcare REIT Inc. Add +64.2% 0.02% +0.01
DASH DoorDash Inc. Class A Add +0.6% 0.08% +0.01
CDNS Cadence Design SYS Inc. Add +0.5% 0.12% +0.01
CCL Carnival Corp. Add +2.5% 0.04% +0.01
VSXY Victoria's Secret & Co. New 0.01% +0.01
INTA Intapp Inc. New 0.01% +0.01
PTON Peloton Interactive Inc. Class A New 0.01% +0.01
TDS Telephone and Data Systems New 0.01% +0.01
RBLX Roblox Corp. Class A Add +0.2% 0.04% +0.01
ETR Entergy Corp. Add +10.1% 0.05% +0.01
CURB Curbline Properties Corp. Add +143.6% 0.01% +0.01
QXO Qxo Inc. New 0.01% +0.01
LIF LIFE360 Inc. New 0.01% +0.01
GEO The Geo Group Inc. New 0.01% +0.01
HBI Hanesbrands Inc. New 0.01% +0.01
GDYN Grid Dynamics Holdings Inc. New 0.01% +0.01
PAR Par Technology Corp. New 0.01% +0.01
TTWO Take-Two Interactive Softwre Add +3.8% 0.05% +0.01

Notes & Other Activity Q3 2024 → Q4 2024
SEAPORT ENTERTAINMENT GR-RTS RIGHT 10/10/2024 Sold out 15,891 $47Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,717$29.3BNVDA, AAPL, IEMG, MSFT, VNQ
Q1 2026 1,548$25.9BNVDA, AAPL, MSFT, IEMG, VNQ
Q4 2025 1,471$27.7BNVDA, IEMG, AAPL, MSFT, VNQ
Q3 2025 1,460$27.2BNVDA, IEMG, AAPL, MSFT, VNQ
Q2 2025 1,473$25.8BNVDA, IEMG, MSFT, VTI, AAPL
Q1 2025 1,499$22.2BAAPL, NVDA, MSFT, VNQ, AMZN
Q4 2024 1,540$24.8BAAPL, NVDA, MSFT, AMZN, VTI
Q3 2024 1,528$24.3BAAPL, MSFT, NVDA, AMZN, IEFA
Q2 2024 1,515$22.9BMSFT, AAPL, NVDA, VTI, AMZN
Q1 2024 1,548$33.1BMSFT, AAPL, NVDA, AMZN, IEFA