1y return+19.0%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $125 against $127 in the S&P 500.2
Police & Firemen's Retirement System of New JerseyS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $700.1M | 5.3% | −2.9% |
| AAPLApple Inc | $627.5M | 4.7% | −2.2% |
| MSFTMicrosoft Corp | $415.7M | 3.1% | −2.4% |
| AMZNAmazon.com Inc | $346.8M | 2.6% | −1.5% |
| GOOGLAlphabet Inc Cl A | $312.7M | 2.3% | −2.1% |
| AVGOBroadcom Inc | $263.6M | 2.0% | −1.9% |
| GOOGAlphabet Inc Cl C | $251.6M | 1.9% | −2.4% |
| MUMicron Technology Inc | $195.2M | 1.5% | −1.6% |
| METAMeta Platforms Inc Class A | $185.7M | 1.4% | −1.9% |
| TSLATesla Inc | $184.3M | 1.4% | |
| LLYEli Lilly Co | $143.6M | 1.1% | −3.0% |
| AMDAdvanced Micro Devices | $141.7M | 1.1% | −1.5% |
| BRK/BBerkshire Hathaway Inc Cl B | $139.8M | 1.0% | −1.6% |
| JPMJpmorgan Chase Co | $131.3M | 1.0% | −4.0% |
| INTCIntel Corp | $91.8M | 0.7% | −3.2% |
| JNJJohnson Johnson | $91.8M | 0.7% | −2.5% |
| AMATApplied Materials Inc | $86.0M | 0.6% | −2.6% |
| Exxon Mobil CorpCUSIP 30231G102 | $85.5M | 0.6% | −3.9% |
| VVisa Inc Class A Shares | $85.0M | 0.6% | −4.5% |
| LRCXLam Research Corp | $81.2M | 0.6% | −2.9% |
| WMTWalmart Inc | $74.6M | 0.6% | −1.8% |
| CATCaterpillar Inc | $72.7M | 0.5% | −4.3% |
| CSCOCisco Systems Inc | $69.6M | 0.5% | −3.2% |
| ABBVAbbvie Inc | $66.7M | 0.5% | −2.8% |
| MAMastercard Inc A | $62.3M | 0.5% | −2.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $81.2M |
| AMDAdvanced Micro Devices | December 31, 2024 | +380.9% | $141.7M |
| AMATApplied Materials Inc | December 31, 2024 | +344.6% | $86.0M |
| GEVGe Vernova Inc | December 31, 2024 | +257.2% | $47.3M |
| CATCaterpillar Inc | December 31, 2024 | +193.6% | $72.7M |
| GEGeneral Electric | December 31, 2024 | +124.1% | $57.9M |
| CSCOCisco Systems Inc | December 31, 2024 | +98.4% | $69.6M |
| GOOGLAlphabet Inc Cl A | December 31, 2024 | +88.8% | $312.7M |
| GOOGAlphabet Inc Cl C | December 31, 2024 | +85.5% | $251.6M |
| GSGoldman Sachs Group Inc | December 31, 2024 | +76.6% | $43.9M |
Sold off last quarter
- Honeywell International IncCUSIP 438516106 was $22.1M
- Carnival CorpCUSIP 143658300 was $4.6M
- CTRACoterra Energy Inc was $4.1M
- Masimo CorpCUSIP 574795100 was $3.5M
- Dupont De Nemours IncCUSIP 26614N102 was $2.9M
- Air Lease CorpCUSIP 00912X302 was $2.8M
- Sealed Air CorpCUSIP 81211K100 was $2.6M
- Hologic IncCUSIP 436440101 was $2.6M
- American Water Capital CCUSIP 03040WBE4 was $2.1M
- Thomson Reuters CorpCUSIP 884903931 was $1.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.3% | +14.8% |
| March 31, 2026 | −3.6% | −4.6% |
| December 31, 2025 | +1.9% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +10.1% | +10.5% |
| March 31, 2025 | −4.9% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Police & Firemen's Retirement System of New Jersey Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2040686&type=13F-HR&dateb=&owner=include&count=40CIK 2040686
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2040686/000204068626000003/Filed July 23, 2026 · accession 0002040686-26-000003