State of New Jersey Common Pension Fund D
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), State of New Jersey Common Pension Fund D reported 1,471 stock positions worth $27.7 billion. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by iShares Core MSCI Emerging (IEMG, 5.5%) and Apple (AAPL, 5.0%). Compared with Q3 2025, it opened 83 new positions, sold out of 74, added to 468 and reduced 778. The biggest buy was a new position in iShares Global REIT ETF (REET) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- TRENTON, NJ
- CIK
- 0001483066
- Portfolio Value
- $27.7B (Q4 2025)
- SEC Filing
- 0001483066-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 1,471 stocks · $27.7B
| NVDA Nvidia Corp. | 5.59% | 8,296,406 | $1.5B | Reduce -2.5% |
| IEMG iShares Core MSCI Emerging | 5.48% | 22,561,008 | $1.5B | No change |
| AAPL Apple Inc. | 4.98% | 5,067,641 | $1.4B | Reduce -2.7% |
| MSFT Microsoft Corp. | 4.21% | 2,410,221 | $1.2B | Reduce -2.1% |
| VNQ Vanguard Real Estate ETF | 2.75% | 8,598,869 | $760.9M | No change |
| AMZN Amazon.com Inc. | 2.74% | 3,279,462 | $757.0M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 2.25% | 1,986,061 | $621.6M | Reduce -2.1% |
| AVGO Broadcom Inc. | 1.92% | 1,531,848 | $530.2M | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 1.89% | 1,669,504 | $523.9M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 1.77% | 741,084 | $489.2M | Reduce -2.1% |
| TSLA Tesla Inc. | 1.57% | 965,773 | $434.3M | Reduce -4.5% |
| JPM JPMorgan Chase & Co. | 1.10% | 941,727 | $303.4M | Reduce -3.1% |
| LLY Eli Lilly & Co. | 1.07% | 275,082 | $295.6M | Reduce -2.2% |
| REET iShares Global REIT ETF | 1.06% | 11,787,000 | $294.1M | New |
| SCZ iShares MSCI Eafe Small-Cap | 1.04% | 3,702,826 | $287.1M | No change |
| INDA iShares MSCI India ETF | 0.97% | 4,965,995 | $268.4M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 473,358 | $237.9M | Reduce -0.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.78% | 1,512,875 | $216.8M | New |
| V Visa Inc. Class A | 0.74% | 583,905 | $204.8M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.64% | 1,460,549 | $175.8M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.62% | 828,302 | $171.4M | Reduce -1.5% |
| WMT Walmart Inc. | 0.61% | 1,514,608 | $168.7M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 0.61% | 293,760 | $167.7M | Reduce -2.2% |
| PLTR Palantir Technologies Inc. Class A | 0.50% | 777,067 | $138.1M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.50% | 603,918 | $138.0M | Reduce -2.1% |
| NFLX Netflix Inc. | 0.49% | 1,453,983 | $136.3M | Reduce -2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 2,412,943 | $132.7M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 0.47% | 152,180 | $131.2M | Reduce -2.1% |
| AMD Advanced Micro Devices | 0.43% | 554,607 | $118.8M | Reduce -2.0% |
| HD Home Depot Inc. | 0.43% | 342,032 | $117.7M | Reduce -2.3% |
| PG The Procter & Gamble Co. | 0.42% | 802,302 | $115.0M | Reduce -3.0% |
| ORCL Oracle Corp. | 0.41% | 584,900 | $114.0M | Reduce -1.3% |
| GE General Electric filed as GE AEROSPACE | 0.40% | 362,463 | $111.6M | Reduce -2.5% |
| MU Micron Technology Inc. | 0.40% | 383,851 | $109.6M | Reduce -1.7% |
| CSCO Cisco Systems Inc. | 0.38% | 1,352,454 | $104.2M | Reduce -2.9% |
| WFC Wells Fargo & Co. | 0.37% | 1,095,481 | $102.1M | Reduce -2.5% |
| UNH Unitedhealth Group Inc. | 0.37% | 309,110 | $102.0M | Reduce -2.6% |
| CVX Chevron Corp. | 0.36% | 661,983 | $100.9M | Reduce -3.8% |
| IWM iShares Russell 2000 ETF | 0.36% | 402,418 | $99.1M | No change |
| KO The Coca-Cola Co. | 0.36% | 1,408,819 | $98.5M | Reduce -2.7% |
| PLD Prologis Inc. | 0.34% | 745,910 | $95.2M | Reduce -1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 318,545 | $94.4M | Reduce -1.7% |
| WELL Welltower Inc. | 0.34% | 503,325 | $93.4M | Add +3.8% |
| CAT Caterpillar Inc. | 0.33% | 160,968 | $92.2M | Reduce -2.8% |
| GS Goldman Sachs Group Inc. | 0.33% | 104,048 | $91.5M | Reduce -3.5% |
| MRK Merck & Co. Inc. | 0.33% | 860,235 | $90.5M | Reduce -2.1% |
| IGEB iShares Investment Grade SYS | 0.32% | 1,921,932 | $87.8M | Add +18.5% |
| HDB HDFC Bank Ltd.-ADR | 0.31% | 2,384,413 | $87.1M | Add +0.6% |
| CRM Salesforce Inc. | 0.31% | 324,879 | $86.1M | Reduce -2.9% |
| PM Philip Morris International | 0.31% | 534,456 | $85.7M | Reduce -2.1% |
| SPHY SS SPDR P High Yield ETF | 0.31% | 3,566,858 | $84.4M | Add +4.4% |
| RTX RTX Corp. | 0.30% | 458,026 | $84.0M | Reduce -1.9% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 129,235 | $74.9M | Reduce -2.3% |
| ABT Abbott Laboratories | 0.27% | 597,499 | $74.9M | Reduce -1.7% |
| MCD McDonald's Corp. | 0.27% | 244,307 | $74.7M | Reduce -2.2% |
| LRCX Lam Research Corp. | 0.27% | 432,873 | $74.1M | Reduce -4.0% |
| MS Morgan Stanley | 0.27% | 413,716 | $73.4M | Reduce -2.1% |
| C Citigroup Inc. | 0.27% | 628,915 | $73.4M | Reduce -2.3% |
| USHY iShares Broad Usd High Yield | 0.26% | 1,900,000 | $71.1M | Add +58.3% |
| AXP American Express Co. | 0.26% | 191,205 | $70.7M | Reduce -2.5% |
| AMAT Applied Materials Inc. | 0.25% | 272,185 | $69.9M | Reduce -3.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 614,804 | $69.9M | Reduce -2.2% |
| ISRG Intuitive Surgical Inc. | 0.25% | 122,727 | $69.5M | Reduce -1.9% |
| LIN Linde PLC | 0.25% | 161,758 | $69.0M | Reduce -1.9% |
| PEP Pepsico Inc. | 0.24% | 471,068 | $67.6M | Reduce -2.5% |
| INTU Intuit Inc. | 0.23% | 94,999 | $62.9M | Reduce -2.8% |
| QCOM Qualcomm Inc. | 0.23% | 366,695 | $62.7M | Reduce -2.5% |
| PHYL Pgim Active High Yield Bond | 0.22% | 1,725,000 | $61.2M | Add +64.3% |
| GEV GE Vernova Inc. | 0.22% | 93,459 | $61.1M | Reduce -2.8% |
| EQIX Equinix Inc. | 0.22% | 79,449 | $60.9M | Reduce -0.8% |
| T AT&T Inc. | 0.22% | 2,447,155 | $60.8M | Reduce -2.3% |
| AMGN Amgen Inc. | 0.22% | 183,994 | $60.2M | Reduce -2.3% |
| SCHW Schwab (charles) Corp. | 0.21% | 593,645 | $59.3M | Reduce -1.8% |
| BKNG Booking Holdings Inc. | 0.21% | 11,040 | $59.1M | Reduce -3.1% |
| BA The Boeing Co. | 0.21% | 271,629 | $59.0M | Add +3.0% |
| MELI MercadoLibre Inc. | 0.21% | 29,057 | $58.5M | Reduce -6.3% |
| VZ Verizon Communications Inc. | 0.21% | 1,434,953 | $58.4M | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 378,981 | $58.2M | Reduce -2.8% |
| INTC Intel Corp. | 0.21% | 1,546,539 | $57.1M | Add +1.5% |
| ACN Accenture PLC Class A | 0.21% | 212,321 | $57.0M | Reduce -2.3% |
| APH Amphenol Corp. Class A | 0.21% | 420,734 | $56.9M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.21% | 708,215 | $56.9M | Reduce -1.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.20% | 510,991 | $56.3M | No change |
| SPGI S&P Global Inc. | 0.20% | 107,236 | $56.0M | Reduce -3.0% |
| SPIB SS SPDR P Int C Corp. ETF | 0.20% | 1,655,766 | $56.0M | No change |
| UBER Uber Technologies Inc. | 0.20% | 679,722 | $55.5M | Reduce -2.2% |
| KLAC KLA Corp. | 0.20% | 44,996 | $54.7M | Reduce -2.7% |
| NOW ServiceNow Inc. | 0.20% | 354,005 | $54.2M | Reduce -2.6% |
| BLK BlackRock Inc. | 0.20% | 50,662 | $54.2M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.19% | 310,567 | $53.9M | Reduce -2.1% |
| APP AppLovin Corp. Class A | 0.19% | 78,900 | $53.2M | Reduce -2.4% |
| COF Capital One Financial Corp. | 0.19% | 218,663 | $53.0M | Reduce -2.3% |
| GILD Gilead Sciences Inc. | 0.19% | 423,967 | $52.0M | Reduce -2.5% |
| INFY Infosys Ltd.-SP ADR | 0.19% | 2,883,342 | $51.4M | Reduce -6.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.18% | 2,000,000 | $50.6M | Reduce -45.8% |
| DHR Danaher Corp. | 0.18% | 220,571 | $50.5M | Reduce -2.4% |
| ADBE Adobe Inc. | 0.18% | 142,738 | $50.0M | Reduce -4.0% |
| PFE Pfizer Inc. | 0.18% | 1,965,417 | $48.9M | Reduce -0.6% |
| BSX Boston Scientific Corp. | 0.17% | 504,452 | $48.1M | Reduce -2.5% |
| ANET Arista Networks Inc. | 0.17% | 366,357 | $48.0M | Reduce -2.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $44K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 14,693 | $44K | No change |
Total filed on the 13F, all lines: $27.7B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -2.1% | 4.21% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 1.77% | −0.28 |
| NVDA Nvidia Corp. | Reduce -2.5% | 5.59% | −0.25 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.41% | −0.20 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -45.8% | 0.18% | −0.16 |
| NFLX Netflix Inc. | Reduce -2.3% | 0.49% | −0.16 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -47.5% | 0.15% | −0.15 |
| HD Home Depot Inc. | Reduce -2.3% | 0.43% | −0.10 |
| CMBS iShares CMBS ETF | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Reduce -4.5% | 1.57% | −0.08 |
| MSTR Strategy Inc. | Reduce -2.6% | 0.05% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 0.47% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -6.3% | 0.21% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -3.0% | 0.42% | −0.05 |
| NOW ServiceNow Inc. | Reduce -2.6% | 0.20% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -2.2% | 0.20% | −0.05 |
| JSI JH Securitized Income ETF | Sold out | 0.00% | −0.05 |
| HYDB iShares High Yield Systemati | Reduce -56.8% | 0.03% | −0.05 |
| FISV Fiserv Inc. | Reduce -0.8% | 0.05% | −0.05 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Reduce -2.3% | 0.22% | −0.04 |
| LONZ PIMCO Senior Loan Active ETF | Reduce -44.4% | 0.05% | −0.04 |
| LIN Linde PLC | Reduce -1.9% | 0.25% | −0.04 |
| SMIN iShares MSCI India Small-Cap | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -2.7% | 0.15% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -2.6% | 0.37% | −0.03 |
| SE Sea Ltd.-ADR | Reduce -0.1% | 0.08% | −0.03 |
| HOOD Robinhood Markets Inc. Class A | Reduce -1.0% | 0.10% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.6% | 0.50% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 1.10% | −0.03 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -2.3% | 0.13% | −0.03 |
| ABT Abbott Laboratories | Reduce -1.7% | 0.27% | −0.03 |
| CVX Chevron Corp. | Reduce -3.8% | 0.36% | −0.03 |
| ANET Arista Networks Inc. | Reduce -2.3% | 0.17% | −0.03 |
| ABBV Abbvie Inc. | Reduce -2.1% | 0.50% | −0.03 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| BLK BlackRock Inc. | Reduce -1.6% | 0.20% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.6% | 0.21% | −0.02 |
| ADP Automatic Data Processing | Reduce -2.4% | 0.13% | −0.02 |
| MO Altria Group Inc. | Reduce -2.7% | 0.12% | −0.02 |
| ORLY O'reilly Automotive Inc. | Reduce -3.7% | 0.10% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 0.61% | −0.02 |
| AZO AutoZone Inc. | Reduce -2.3% | 0.07% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -1.5% | 0.15% | −0.02 |
| APP AppLovin Corp. Class A | Reduce -2.4% | 0.19% | −0.02 |
| HON Honeywell International Inc. | Reduce -3.5% | 0.15% | −0.02 |
| PGR Progressive Corp. | Reduce -2.0% | 0.17% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -2.0% | 0.02% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -2.1% | 0.19% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| REET iShares Global REIT ETF | New | 1.06% | +1.06 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.78% | +0.78 |
| PYLD PIMCO Multisector Bond Actv | New | 0.14% | +0.14 |
| USHY iShares Broad Usd High Yield | Add +58.3% | 0.26% | +0.09 |
| QLTA iShares Aaa - A Rated Corpor | Add +200.0% | 0.13% | +0.09 |
| PHYL Pgim Active High Yield Bond | Add +64.3% | 0.22% | +0.08 |
| IGEB iShares Investment Grade SYS | Add +18.5% | 0.32% | +0.04 |
| PBR.A Petroleo Brasil-SP Pref ADR | New | 0.04% | +0.04 |
| FALN iShares Fallen Angels ETF | New | 0.03% | +0.03 |
| AMRZ Amrize Ltd. | New | 0.03% | +0.03 |
| NBIS Nebius Group NV | New | 0.03% | +0.03 |
| RKT Rocket Cos Inc. Class A | New | 0.02% | +0.02 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | New | 0.02% | +0.02 |
| KSPI JSC Kaspi.kz ADR | Add +68.8% | 0.06% | +0.02 |
| WELL Welltower Inc. | Add +3.8% | 0.34% | +0.02 |
| INTC Intel Corp. | Add +1.5% | 0.21% | +0.02 |
| HDB HDFC Bank Ltd.-ADR | Add +0.6% | 0.31% | +0.02 |
| PDD PDD Holdings Inc. | New | 0.02% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| HTHT H World Group Ltd.-ADR | Add +12.9% | 0.05% | +0.01 |
| PL Planet Labs PBC | New | 0.01% | +0.01 |
| AEO American Eagle Outfitters | New | 0.01% | +0.01 |
| VTR Ventas Inc. | Add +2.3% | 0.11% | +0.01 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.01% | +0.01 |
| INSM Insmed Inc. | Add +8.8% | 0.05% | +0.01 |
| AMKR Amkor Technology Inc. | New | 0.01% | +0.01 |
| OMC Omnicom Group | Add +55.3% | 0.03% | +0.01 |
| ALHC Alignment Healthcare Inc. | New | 0.01% | +0.01 |
| CVNA Carvana Co. | Add +5.6% | 0.07% | +0.01 |
| KYMR Kymera Therapeutics Inc. | New | 0.01% | +0.01 |
| APO Apollo Global Management Inc. | Add +6.5% | 0.08% | +0.01 |
| BTSG Brightspring Health Services | New | 0.01% | +0.01 |
| HUT Hut 8 Corp. | New | 0.01% | +0.01 |
| SHC Sotera Health Co. | New | 0.01% | +0.01 |
| SYM Symbotic Inc. | New | 0.01% | +0.01 |
| DOCN Digitalocean Holdings Inc. | New | 0.01% | +0.01 |
| OUT Outfront Media Inc. | New | 0.01% | +0.01 |
| RGLD Royal Gold Inc. | Add +34.8% | 0.03% | +0.01 |
| BKD Brookdale Senior Living Inc. | New | 0.01% | +0.01 |
| BTU Peabody Energy Corp. | New | 0.01% | +0.01 |
| CIFR Cipher Digital Inc. | New | 0.01% | +0.01 |
| GSAT Globalstar Inc. | New | 0.01% | +0.01 |
| RIG Transocean Ltd. | New | 0.01% | +0.01 |
| POWL Powell Industries Inc. | New | 0.01% | +0.01 |
| VSAT Viasat Inc. | New | 0.01% | +0.01 |
| AGYS Agilysys Inc. | New | 0.01% | +0.01 |
| PRAX Praxis Precision Medicines I | New | 0.01% | +0.01 |
| WULF Terawulf Inc. | New | 0.01% | +0.01 |
| CLSK Cleanspark Inc. | New | 0.01% | +0.01 |
| ASTS Ast Spacemobile Inc. | Add +7.0% | 0.02% | +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 |