1y return+17.1%S&P 500 +20.9%
3y return+57.0%S&P 500 +68.5%
5y return+51.8%S&P 500 +74.5%
10y return+201.5%S&P 500 +256.5%
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 June 30, 2016: $301 against $357 in the S&P 500.2
State of New Jersey Common Pension Fund DS&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 Corporation | $1.5B | 5.1% | −10.1% |
| AAPLApple Inc | $1.4B | 4.7% | −5.5% |
| IEMGIshares Inc | $1.0B | 3.5% | |
| MSFTMicrosoft Corp | $851.2M | 2.9% | −5.4% |
| VNQVanguard Index Fds | $829.2M | 2.8% | |
| AMZNAmazon Com Inc | $746.3M | 2.5% | −4.8% |
| GOOGLAlphabet Inc | $672.6M | 2.3% | −5.2% |
| VTIVanguard Index Fds | $666.1M | 2.3% | New |
| AVGOBroadcom Inc | $549.4M | 1.9% | −5.5% |
| GOOGAlphabet Inc | $528.3M | 1.8% | −10.4% |
| MUMicron Technology Inc | $420.9M | 1.4% | −5.3% |
| METAMeta Platforms Inc | $400.1M | 1.4% | −4.6% |
| TSLATesla Inc | $382.9M | 1.3% | −5.8% |
| REETIshares Tr | $325.6M | 1.1% | |
| LLYEli Lilly & Co | $311.5M | 1.1% | −5.4% |
| AMDAdvanced Micro Devices Inc | $306.2M | 1.0% | −5.4% |
| SCZIshares Tr | $304.6M | 1.0% | |
| JPMJpmorgan Chase & Co | $284.3M | 1.0% | −7.1% |
| INDAIshares Tr | $279.4M | 1.0% | |
| VSSVanguard Intl Equity Index F | $233.4M | 0.8% | |
| BRK/BBerkshire Hathaway Inc Del | $226.0M | 0.8% | −4.6% |
| INTCIntel Corp | $198.4M | 0.7% | −8.1% |
| JNJJohnson & Johnson | $197.8M | 0.7% | −5.4% |
| USIGIshares Tr | $194.9M | 0.7% | New |
| VVisa Inc | $186.9M | 0.6% | −5.9% |
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 |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $1.5B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $549.4M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $185.5M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $306.2M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $160.2M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $311.5M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $175.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $672.6M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $528.3M |
| GEGe Aerospace | September 30, 2021 | +262.7% | $126.3M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $48.9M
- Carnival CorpCUSIP 143658300 was $9.6M
- CTRACoterra Energy Inc was $9.0M
- Dupont De Nemours IncCUSIP 26614N102 was $6.3M
- Hologic IncCUSIP 436440101 was $5.4M
- YMMFull Truck Alliance Co Ltd was $3.1M
- Masimo CorpCUSIP 574795100 was $2.9M
- Heritage Comm CorpCUSIP 426927109 was $2.6M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $2.3M
- PDDPdd Holdings Inc was $2.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.4% | +14.8% |
| March 31, 2026 | −3.5% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +9.5% | +10.5% |
| March 31, 2025 | −4.2% | −4.6% |
| December 31, 2024 | +1.1% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | +2.5% | +4.0% |
| March 31, 2024 | +8.6% | +10.0% |
| December 31, 2023 | +11.3% | +11.2% |
| September 30, 2023 | −3.7% | −3.6% |
| June 30, 2023 | +6.9% | +8.3% |
| March 31, 2023 | +6.7% | +7.0% |
| December 31, 2022 | +6.6% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −16.7% | −16.5% |
| March 31, 2022 | −5.8% | −4.9% |
| December 31, 2021 | +7.8% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: State of New Jersey Common Pension Fund D Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1483066&type=13F-HR&dateb=&owner=include&count=40CIK 1483066
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1483066/000148306626000003/Filed August 4, 2026 · accession 0001483066-26-000003