State of New Jersey Common Pension Fund D
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), State of New Jersey Common Pension Fund D reported 1,499 stock positions worth $22.2 billion. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by Nvidia (NVDA, 4.0%) and Microsoft (MSFT, 4.0%). Compared with Q4 2024, it opened 48 new positions, sold out of 91, added to 290 and reduced 1,087. The biggest buy was Vanguard Real Estate ETF (VNQ, shares +88%) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- TRENTON, NJ
- CIK
- 0001483066
- Portfolio Value
- $22.2B (Q1 2025)
- SEC Filing
- 0001085146-25-003041 ↗ filed May 13, 2025
Holdings Value
Holdings 1,499 stocks · $22.2B
| AAPL Apple Inc. | 5.06% | 5,059,411 | $1.1B | Reduce -9.3% |
| NVDA Nvidia Corp. | 4.02% | 8,238,971 | $892.9M | Reduce -8.4% |
| MSFT Microsoft Corp. | 4.01% | 2,375,938 | $891.9M | Reduce -8.3% |
| VNQ Vanguard Real Estate ETF | 3.50% | 8,598,869 | $778.5M | Add +87.5% |
| AMZN Amazon.com Inc. | 2.73% | 3,185,060 | $606.0M | Reduce -8.1% |
| IEFA iShares Core MSCI Eafe ETF | 2.19% | 6,424,587 | $486.0M | No change |
| VTI VG Morningstar TS MKT ETF-US | 2.12% | 1,714,970 | $471.3M | Reduce -2.7% |
| META Meta Platforms Inc. Class A | 1.90% | 733,762 | $422.9M | Reduce -8.5% |
| GOOGL Alphabet Inc. Class A | 1.37% | 1,966,311 | $304.1M | Reduce -8.5% |
| GOOG Alphabet Inc. Class C | 1.18% | 1,676,305 | $261.9M | Reduce -9.2% |
| TSLA Tesla Inc. | 1.13% | 972,349 | $252.0M | Reduce -7.8% |
| AVGO Broadcom Inc. | 1.13% | 1,498,407 | $250.9M | Reduce -7.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 450,642 | $240.0M | Reduce -7.5% |
| JPM JPMorgan Chase & Co. | 1.05% | 949,942 | $233.0M | Reduce -9.4% |
| SCZ iShares MSCI Eafe Small-Cap | 1.02% | 3,560,557 | $226.2M | No change |
| LLY Eli Lilly & Co. | 1.01% | 271,759 | $224.4M | Reduce -8.6% |
| V Visa Inc. Class A | 0.92% | 584,379 | $204.8M | Reduce -4.6% |
| XOM Exxon Mobil Corp. | 0.80% | 1,488,140 | $177.0M | Reduce -9.3% |
| UNH Unitedhealth Group Inc. | 0.73% | 310,687 | $162.7M | Reduce -8.5% |
| MA Mastercard Inc. Class A | 0.68% | 277,075 | $151.9M | Reduce -9.0% |
| COST Costco Wholesale Corp. | 0.64% | 150,161 | $142.0M | Reduce -8.1% |
| PG The Procter & Gamble Co. | 0.61% | 799,851 | $136.3M | Reduce -7.7% |
| JNJ Johnson & Johnson | 0.61% | 814,770 | $135.1M | Reduce -8.3% |
| NFLX Netflix Inc. | 0.60% | 143,932 | $134.2M | Reduce -8.8% |
| WMT Walmart Inc. | 0.59% | 1,496,345 | $131.4M | Reduce -8.8% |
| ABBV Abbvie Inc. | 0.56% | 594,242 | $124.5M | Reduce -8.6% |
| HD Home Depot Inc. | 0.55% | 335,759 | $123.1M | Reduce -8.2% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.46% | 4,089,415 | $102.9M | Reduce -12.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.46% | 2,403,519 | $102.2M | Reduce -35.1% |
| KO The Coca-Cola Co. | 0.45% | 1,382,967 | $99.0M | Reduce -8.6% |
| CVX Chevron Corp. | 0.44% | 577,936 | $96.7M | Reduce -10.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 2,313,761 | $96.6M | Reduce -10.4% |
| SPHY SS SPDR P High Yield ETF | 0.41% | 3,916,858 | $91.7M | Reduce -30.3% |
| CRM Salesforce Inc. | 0.39% | 323,225 | $86.7M | Reduce -8.2% |
| PLD Prologis Inc. | 0.38% | 758,242 | $84.8M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.38% | 1,350,898 | $83.4M | Reduce -8.9% |
| PM Philip Morris International | 0.38% | 525,035 | $83.3M | Reduce -8.4% |
| IWM iShares Russell 2000 ETF | 0.36% | 402,418 | $80.3M | No change |
| WFC Wells Fargo & Co. | 0.36% | 1,107,991 | $79.5M | Reduce -11.5% |
| ORCL Oracle Corp. | 0.36% | 565,529 | $79.1M | Reduce -7.5% |
| SRLN SS Blackstone Sr Loan ETF | 0.35% | 1,900,000 | $78.1M | Add +22.6% |
| ABT Abbott Laboratories | 0.35% | 587,107 | $77.9M | Reduce -8.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 311,638 | $77.5M | Reduce -7.7% |
| HDB HDFC Bank Ltd.-ADR | 0.35% | 1,156,398 | $76.8M | Add +10.3% |
| MRK Merck & Co. Inc. | 0.35% | 854,069 | $76.7M | Reduce -8.8% |
| MCD McDonald's Corp. | 0.34% | 241,495 | $75.4M | Reduce -8.8% |
| LIN Linde PLC | 0.34% | 159,955 | $74.5M | Reduce -8.8% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 366,168 | $73.3M | Reduce -8.6% |
| IGEB iShares Investment Grade SYS | 0.33% | 1,621,932 | $73.0M | Add +14.1% |
| PEP Pepsico Inc. | 0.31% | 464,661 | $69.7M | Reduce -8.3% |
| WELL Welltower Inc. | 0.31% | 453,296 | $69.4M | Reduce -2.4% |
| T AT&T Inc. | 0.31% | 2,399,245 | $67.9M | Reduce -7.9% |
| IEUR iShares Core MSCI Europe ETF | 0.30% | 1,101,056 | $66.2M | No change |
| ACN Accenture PLC Class A | 0.30% | 211,642 | $66.0M | Reduce -8.4% |
| EQIX Equinix Inc. | 0.29% | 78,458 | $64.0M | Reduce -5.3% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 128,544 | $64.0M | Reduce -8.4% |
| VZ Verizon Communications Inc. | 0.29% | 1,397,849 | $63.4M | Reduce -9.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 613,322 | $60.5M | Reduce -8.2% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 709,506 | $59.9M | Reduce -5.2% |
| RTX RTX Corp. | 0.27% | 450,635 | $59.7M | Reduce -8.1% |
| ISRG Intuitive Surgical Inc. | 0.27% | 120,260 | $59.6M | Reduce -8.0% |
| MELI MercadoLibre Inc. | 0.27% | 30,403 | $59.3M | Reduce -4.5% |
| INTU Intuit Inc. | 0.26% | 94,421 | $58.0M | Reduce -8.6% |
| GS Goldman Sachs Group Inc. | 0.26% | 105,146 | $57.4M | Reduce -9.4% |
| QCOM Qualcomm Inc. | 0.26% | 372,608 | $57.2M | Reduce -8.5% |
| PGR Progressive Corp. | 0.25% | 199,599 | $56.5M | Reduce -8.5% |
| INFY Infosys Ltd.-SP ADR | 0.25% | 3,094,377 | $56.5M | Reduce -3.3% |
| ADBE Adobe Inc. | 0.25% | 146,884 | $56.3M | Reduce -9.3% |
| AMD Advanced Micro Devices | 0.25% | 545,745 | $56.1M | Reduce -8.1% |
| AMGN Amgen Inc. | 0.25% | 179,477 | $55.9M | Reduce -9.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.25% | 510,991 | $55.5M | No change |
| NOW ServiceNow Inc. | 0.25% | 69,425 | $55.3M | Reduce -8.1% |
| TXN Texas Instruments Inc. | 0.25% | 306,847 | $55.1M | Reduce -7.9% |
| SPIB SS SPDR P Int C Corp. ETF | 0.25% | 1,655,766 | $55.0M | No change |
| SPGI S&P Global Inc. | 0.24% | 107,085 | $54.4M | Reduce -9.4% |
| CAT Caterpillar Inc. | 0.24% | 163,307 | $53.9M | Reduce -8.6% |
| MBB iShares MBS ETF | 0.23% | 550,000 | $51.6M | No change |
| BKNG Booking Holdings Inc. | 0.23% | 11,156 | $51.4M | Reduce -9.1% |
| AXP American Express Co. | 0.23% | 190,342 | $51.2M | Reduce -9.5% |
| BSX Boston Scientific Corp. | 0.23% | 495,531 | $50.0M | Reduce -8.1% |
| NEE Nextera Energy Inc. | 0.22% | 699,255 | $49.6M | Reduce -8.1% |
| UNP Union Pacific Corp. | 0.22% | 205,242 | $48.5M | Reduce -8.6% |
| PFE Pfizer Inc. | 0.22% | 1,910,304 | $48.4M | Reduce -8.6% |
| TMUS T-Mobile US Inc. | 0.21% | 177,479 | $47.3M | Reduce -9.3% |
| CMCSA Comcast Corp. Class A | 0.21% | 1,282,316 | $47.3M | Reduce -10.2% |
| MS Morgan Stanley | 0.21% | 404,693 | $47.2M | Reduce -9.5% |
| GILD Gilead Sciences Inc. | 0.21% | 417,737 | $46.8M | Reduce -8.5% |
| UBER Uber Technologies Inc. | 0.21% | 641,434 | $46.7M | Reduce -7.7% |
| BLK BlackRock Inc. | 0.21% | 49,351 | $46.7M | Reduce -9.0% |
| HON Honeywell International Inc. | 0.21% | 219,184 | $46.4M | Reduce -8.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 380,343 | $46.3M | Reduce -8.0% |
| COP Conocophillips | 0.21% | 436,410 | $45.8M | Reduce -9.8% |
| SCHW Schwab (charles) Corp. | 0.21% | 581,976 | $45.6M | Reduce -1.0% |
| AMT American Tower Corp. | 0.20% | 207,458 | $45.1M | Reduce -6.0% |
| C Citigroup Inc. | 0.20% | 631,843 | $44.9M | Reduce -9.3% |
| DHR Danaher Corp. | 0.20% | 218,736 | $44.8M | Reduce -8.8% |
| LOW Lowe's Cos Inc. | 0.20% | 189,797 | $44.3M | Reduce -8.9% |
| BA The Boeing Co. | 0.19% | 253,552 | $43.2M | Reduce -5.5% |
| SYK Stryker Corp. | 0.19% | 115,340 | $42.9M | Reduce -7.9% |
| SPG Simon Property Group Inc. | 0.19% | 258,161 | $42.9M | Reduce -4.4% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -8.4% | 4.02% | −0.86 |
| TSLA Tesla Inc. | Reduce -7.8% | 1.13% | −0.59 |
| AAPL Apple Inc. | Reduce -9.3% | 5.06% | −0.58 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.43 |
| AVGO Broadcom Inc. | Reduce -7.9% | 1.13% | −0.39 |
| MSFT Microsoft Corp. | Reduce -8.3% | 4.01% | −0.39 |
| AMZN Amazon.com Inc. | Reduce -8.1% | 2.73% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -8.5% | 1.37% | −0.27 |
| GOOG Alphabet Inc. Class C | Reduce -9.2% | 1.18% | −0.24 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -35.1% | 0.46% | −0.18 |
| SPHY SS SPDR P High Yield ETF | Reduce -30.3% | 0.41% | −0.12 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.12 |
| HYDB iShares High Yield Systemati | Reduce -53.6% | 0.12% | −0.11 |
| CRM Salesforce Inc. | Reduce -8.2% | 0.39% | −0.08 |
| NOW ServiceNow Inc. | Reduce -8.1% | 0.25% | −0.07 |
| MRVL Marvell Technology Inc. | Reduce -7.8% | 0.08% | −0.06 |
| ORCL Oracle Corp. | Reduce -7.5% | 0.36% | −0.06 |
| ANET Arista Networks Inc. | Reduce -7.1% | 0.13% | −0.05 |
| TTD Trade Desk Inc./the Class A | Reduce -5.2% | 0.04% | −0.04 |
| ADBE Adobe Inc. | Reduce -9.3% | 0.25% | −0.04 |
| AMD Advanced Micro Devices | Reduce -8.1% | 0.25% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -8.6% | 0.16% | −0.03 |
| BX Blackstone Inc. | Reduce -8.0% | 0.15% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -8.8% | 0.35% | −0.03 |
| ACN Accenture PLC Class A | Reduce -8.4% | 0.30% | −0.03 |
| INFY Infosys Ltd.-SP ADR | Reduce -3.3% | 0.25% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -8.9% | 0.11% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -9.7% | 0.10% | −0.03 |
| DIS The Walt Disney Co. | Reduce -8.2% | 0.27% | −0.03 |
| EQIX Equinix Inc. | Reduce -5.3% | 0.29% | −0.03 |
| XYZ Block Inc. | Reduce -8.4% | 0.05% | −0.02 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -20.9% | 0.17% | −0.02 |
| BAC Bank of America Corp. | Reduce -10.4% | 0.43% | −0.02 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.02 |
| KSA Ishrs MSCI Saudi Arabia ETF | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -9.5% | 0.23% | −0.02 |
| VRT Vertiv Holdings Co. Class A | Reduce -7.2% | 0.04% | −0.02 |
| DHR Danaher Corp. | Reduce -8.8% | 0.20% | −0.02 |
| HD Home Depot Inc. | Reduce -8.2% | 0.55% | −0.02 |
| COIN Coinbase Global Inc. Class A | Reduce -7.0% | 0.05% | −0.02 |
| TGT Target Corp. | Reduce -8.4% | 0.07% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -9.1% | 0.10% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -9.1% | 0.18% | −0.02 |
| DECK Deckers Outdoor Corp. | Reduce -6.8% | 0.03% | −0.02 |
| CAT Caterpillar Inc. | Reduce -8.6% | 0.24% | −0.02 |
| NKE Nike Inc. Class B | Reduce -7.7% | 0.12% | −0.02 |
| APO Apollo Global Management Inc. | Reduce -10.1% | 0.08% | −0.02 |
| DDOG Datadog Inc. Class A | Reduce -7.5% | 0.04% | −0.02 |
| APP AppLovin Corp. Class A | Reduce -7.8% | 0.08% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -8.0% | 0.10% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VNQ Vanguard Real Estate ETF | Add +87.5% | 3.50% | +1.86 |
| SRLN SS Blackstone Sr Loan ETF | Add +22.6% | 0.35% | +0.09 |
| HDB HDFC Bank Ltd.-ADR | Add +10.3% | 0.35% | +0.08 |
| IGEB iShares Investment Grade SYS | Add +14.1% | 0.33% | +0.07 |
| SPOT Spotify Technology SA | Add +7.9% | 0.18% | +0.06 |
| INDA iShares MSCI India ETF | Add +142.7% | 0.07% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +3.6% | 0.13% | +0.04 |
| SE Sea Ltd.-ADR | Add +6.9% | 0.10% | +0.03 |
| VTR Ventas Inc. | Add +2.8% | 0.12% | +0.03 |
| PHYL Pgim Active High Yield Bond | Add +35.7% | 0.07% | +0.03 |
| DASH DoorDash Inc. Class A | Add +5.8% | 0.10% | +0.02 |
| MSTR Strategy Inc. | Add +13.9% | 0.10% | +0.02 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +10.0% | 0.08% | +0.02 |
| SRAD Sportradar Group AG-A | Add +779.2% | 0.02% | +0.02 |
| KSPI JSC Kaspi.kz ADR | Add +36.4% | 0.05% | +0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +13.8% | 0.07% | +0.01 |
| IP International Paper Co. | Add +40.0% | 0.04% | +0.01 |
| SUI Sun Communities Inc. | Add +0.3% | 0.10% | +0.01 |
| PBR Petroleo Brasileiro-Spon ADR | Add +7.7% | 0.05% | +0.01 |
| CSGP Costar Group Inc. | Add +3.2% | 0.06% | +0.01 |
| PTGX Protagonist Therapeutics Inc. | New | 0.01% | +0.01 |
| BHB Bar Harbor Bankshares | New | 0.01% | +0.01 |
| CPRX Catalyst Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| WSBC Wesbanco Inc. | New | 0.01% | +0.01 |
| FCBC First Community Bankshares | New | 0.01% | +0.01 |
| UAL United Airlines Holdings Inc. | New | 0.01% | +0.01 |
| NFG National Fuel Gas Co. | New | 0.01% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | Add +4.6% | 0.04% | +0.01 |
| HESM Hess Midstream LP Class A | New | 0.01% | +0.01 |
| CNR Core Natural Resources Inc. | New | 0.01% | +0.01 |
| AER Aercap Holdings NV | Add +7.2% | 0.04% | +0.01 |
| GPOR Gulfport Energy Corp. | New | 0.01% | +0.01 |
| MP MP Materials Corp. | New | 0.01% | +0.01 |
| PDCO Patterson Cos Inc. | New | 0.01% | +0.01 |
| PPC Pilgrim's Pride Corp. | New | 0.01% | +0.01 |
| VALE Vale SA-SP ADR | Add +4.3% | 0.04% | +0.01 |
| CCEP Coca-Cola Europacific Partne | Add +4.7% | 0.04% | +0.01 |
| ALGM Allegro Microsystems Inc. | New | 0.01% | +0.01 |
| EGP Eastgroup Properties Inc. | Add +10.9% | 0.03% | +0.01 |
| HEES H&E Equipment Services Inc. | New | 0.01% | +0.01 |
| HAYW Hayward Holdings Inc. | New | 0.01% | +0.01 |
| CFFN Capitol Federal Financial Inc. | New | 0.01% | +0.01 |
| OSIS Osi Systems Inc. | New | 0.01% | +0.01 |
| URBN Urban Outfitters Inc. | New | 0.01% | +0.01 |
| BRZE Braze Inc. Class A | New | 0.01% | +0.01 |
| MRX Marex UK Holdings Ltd. | New | 0.01% | +0.01 |
| PATK Patrick Industries Inc. | New | 0.01% | +0.01 |
| PRG Prog Holdings Inc. | New | 0.01% | +0.01 |
| WKC World Kinect Corp. | New | 0.01% | +0.01 |
| PRVA Privia Health Group Inc. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,717 | $29.3B | NVDA, AAPL, IEMG, MSFT, VNQ |
| Q1 2026 | 1,548 | $25.9B | NVDA, AAPL, MSFT, IEMG, VNQ |
| Q4 2025 | 1,471 | $27.7B | NVDA, IEMG, AAPL, MSFT, VNQ |
| Q3 2025 | 1,460 | $27.2B | NVDA, IEMG, AAPL, MSFT, VNQ |
| Q2 2025 | 1,473 | $25.8B | NVDA, IEMG, MSFT, VTI, AAPL |
| Q1 2025 | 1,499 | $22.2B | AAPL, NVDA, MSFT, VNQ, AMZN |
| Q4 2024 | 1,540 | $24.8B | AAPL, NVDA, MSFT, AMZN, VTI |
| Q3 2024 | 1,528 | $24.3B | AAPL, MSFT, NVDA, AMZN, IEFA |
| Q2 2024 | 1,515 | $22.9B | MSFT, AAPL, NVDA, VTI, AMZN |
| Q1 2024 | 1,548 | $33.1B | MSFT, AAPL, NVDA, AMZN, IEFA |