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Louisiana State Employees Retirement System

8401 UNITED PLAZA BLVD., BATON ROUGE, LA 70809 • 225-922-0600

Q1 2026 · Filed 2026-04-20
Market Value
$5.7B
-2.0%
Holdings
1,525
+3
New Purchases
24
Added To
436
Closed
26
Reduced
877
Top 10 Concentration
27.6%
Turnover
3.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WMT 1.19% 0.43% +0.76% $68M
SPLG 0.91% 0.64% +0.27% $51M
XOM 0.64% 0.45% +0.19% $36M
QQQ 0.47% 0.29% +0.18% $26M
AMAT 0.56% 0.42% +0.14% $32M
COST 0.91% 0.78% +0.13% $52M
MU 0.78% 0.65% +0.13% $44M
SPSM 0.16% 0.03% +0.12% $9M
LRCX 0.55% 0.44% +0.11% $31M
CVX 0.35% 0.25% +0.09% $20M
INTC 0.44% 0.35% +0.09% $25M
JNJ 0.53% 0.44% +0.09% $30M
VRT 0.09% 0.00% +0.09% $5M
KLAC 0.40% 0.33% +0.07% $23M
WDC 0.19% 0.12% +0.07% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.62% 4.68% -1.06% $205M
AAPL 4.91% 5.23% -0.32% $279M
NVDA 5.59% 5.90% -0.31% $317M
AMZN 2.77% 3.02% -0.25% $157M
META 1.83% 2.08% -0.25% $104M
TSLA 1.72% 1.95% -0.23% $97M
AVGO 1.93% 2.13% -0.19% $110M
GOOGL 2.21% 2.37% -0.16% $125M
APP 0.24% 0.40% -0.16% $14M
PLTR 0.69% 0.83% -0.14% $39M
GOOG 1.86% 2.00% -0.14% $105M
INTU 0.25% 0.38% -0.13% $14M
CIEN 0.05% 0.16% -0.11% $3M
LLY 0.66% 0.75% -0.10% $37M
COHR 0.04% 0.14% -0.10% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 30.9%
Financial Services 12.1%
Consumer Cyclical 10.9%
Industrials 10.8%
Communication Services 9.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 58 $2.6B 46.2%
Large Cap 593 $2.0B 35.5%
Mid Cap 628 $924M 16.3%
Small Cap 242 $114M 2.0%
Micro Cap 4 $658K 0.0%

Portfolio Analytics

Avg Market Cap
$52.8B
Median Market Cap
$7.3B
Avg P/E
32.4
Median P/E
21.8
Avg Dividend Yield
0.02%
Avg Beta
1.04
# Stocks
1,521
# ETFs / Funds
4

Top Holdings (1,525 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.59% 1,816,600 $317M $174.40 -$24M -13,500 -0.7%
2 AAPL 4.91% 1,097,600 $279M $253.79 -$24M -15,200 -1.4%
3 MSFT 3.62% 555,100 $205M $370.17 -$65M -4,700 -0.8%
4 AMZN 2.77% 753,200 $157M $208.27 -$18M -2,700 -0.4%
5 GOOGL 2.21% 435,200 $125M $287.56 -$12M -3,000 -0.7%
6 AVGO 1.93% 354,400 $110M $309.51 -$13M -1,200 -0.3%
7 GOOG 1.86% 367,700 $105M $286.86 -$10M -800 -0.2%
8 META 1.83% 181,700 $104M $572.13 -$16M -700 -0.4%
9 TSLA 1.72% 262,100 $97M $371.75 -$15M +11,400 +4.5%
10 WMT 1.19% 544,500 $68M $124.28 $43M +320,500 +143.1%
11 COST 0.91% 51,800 $52M $996.43 $7M -400 -0.8%
12 SPLG 0.91% 672,500 $51M $76.54 $15M +212,600 +46.2%
13 NFLX 0.84% 492,600 $47M $96.15 $502K -7,200 -1.4%
14 BRK-B 0.79% 93,400 $45M $479.20 -$2M -300 -0.3%
15 MU 0.78% 131,300 $44M $337.84 $7M -1,300 -1.0%
16 JPM 0.71% 137,400 $40M $294.16 -$4M -1,700 -1.2%
17 PLTR 0.69% 266,900 $39M $146.28 -$9M -2,600 -1.0%
18 AMD 0.68% 190,200 $39M $203.43 -$2M -1,900 -1.0%
19 LLY 0.66% 40,400 $37M $919.77 -$6M -200 -0.5%
20 XOM 0.64% 213,000 $36M $169.66 $10M -2,400 -1.1%
21 CSCO 0.63% 460,900 $36M $77.59 -$104K -4,700 -1.0%
22 AMAT 0.56% 92,500 $32M $341.79 $7M -1,500 -1.6%
23 LRCX 0.55% 145,600 $31M $213.66 $6M -2,600 -1.8%
24 JNJ 0.53% 122,800 $30M $244.44 $5M -300 -0.2%
25 LIN 0.47% 54,200 $27M $495.76 $3M -900 -1.6%
26 QQQ 0.47% 45,800 $26M $577.18 $10M +18,600 +68.4%
27 V 0.46% 85,700 $26M $302.24 -$4M -500 -0.6%
28 INTC 0.44% 567,400 $25M $44.13 $5M +19,300 +3.5%
29 PEP 0.44% 159,400 $25M $155.29 $2M -1,900 -1.2%
30 KLAC 0.40% 15,300 $23M $1,472.41 $4M -200 -1.3%
31 AMGN 0.39% 62,800 $22M $351.85 $1M -700 -1.1%
32 MA 0.37% 41,500 $21M $499.66 -$3M -400 -0.9%
33 TXN 0.36% 105,900 $21M $194.14 $2M -1,300 -1.2%
34 TMUS 0.36% 96,500 $20M $210.03 $86K -2,900 -2.9%
35 GILD 0.36% 144,800 $20M $139.37 $2M -1,600 -1.1%
36 CVX 0.35% 95,500 $20M $206.90 $5M -1,200 -1.2%
37 ABBV 0.35% 90,100 $20M $217.49 -$1M -200 -0.2%
38 ISRG 0.34% 41,400 $19M $460.99 -$5M -400 -1.0%
39 ADI 0.32% 57,000 $18M $318.14 $2M -900 -1.6%
40 PG 0.30% 118,400 $17M $144.44 -$10K -1,000 -0.8%
41 CAT 0.30% 23,700 $17M $708.46 $3M -200 -0.8%
42 HON 0.30% 74,200 $17M $226.03 $2M -700 -0.9%
43 HD 0.29% 50,700 $17M $328.89 -$806K -100 -0.2%
44 BAC 0.29% 338,200 $16M $48.75 -$2M -5,000 -1.5%
45 QCOM 0.28% 124,500 $16M $128.78 -$6M -1,800 -1.4%
46 BKNG 0.27% 3,700 $16M $4,210.32 -$5M -100 -2.6%
47 MRK 0.27% 126,500 $15M $120.29 $2M -300 -0.2%
48 PANW 0.27% 94,800 $15M $160.32 $186K +13,300 +16.3%
49 GE 0.27% 53,400 $15M $283.77 -$1M -500 -0.9%
50 KO 0.26% 197,300 $15M $76.05 $1M -500 -0.2%
51 INTU 0.25% 32,400 $14M $432.38 -$8M -400 -1.2%
52 APP 0.24% 34,000 $14M $398.00 -$10M -400 -1.2%
53 VRTX 0.23% 29,600 $13M $446.54 -$383K -400 -1.3%
54 RTX 0.23% 68,400 $13M $192.90 $631K -100 -0.1%
55 PM 0.23% 79,300 $13M $165.34 $360K -200 -0.2%
56 GS 0.23% 15,300 $13M $845.99 -$505K
57 ORCL 0.22% 86,400 $13M $147.11 -$4M +500 +0.6%
58 WFC 0.22% 157,600 $13M $79.61 -$2M -2,700 -1.7%
59 UNH 0.22% 46,200 $13M $270.59 -$3M -100 -0.2%
60 CMCSA 0.21% 418,600 $12M $28.71 -$799K -10,200 -2.4%
61 GEV 0.21% 13,700 $12M $872.90 $3M -200 -1.4%
62 SBUX 0.21% 132,900 $12M $89.59 $606K -1,300 -1.0%
63 ADBE 0.20% 47,700 $12M $243.08 -$6M -1,700 -3.4%
64 IBM 0.20% 47,600 $12M $242.39 -$3M -100 -0.2%
65 CRWD 0.20% 29,400 $11M $390.41 -$2M -200 -0.7%
66 MCD 0.20% 36,300 $11M $310.79 $157K -100 -0.3%
67 CEG 0.20% 39,700 $11M $279.25 -$2M +2,800 +7.6%
68 VZ 0.19% 214,900 $11M $50.20 $2M -500 -0.2%
69 WDC 0.19% 39,600 $11M $270.49 $4M -800 -2.0%
70 T 0.18% 356,800 $10M $28.99 $1M -5,300 -1.5%
71 C 0.18% 89,100 $10M $113.41 -$561K -2,300 -2.5%
72 MS 0.18% 61,300 $10M $164.57 -$865K -400 -0.7%
73 STX 0.18% 25,400 $10M $391.76 $3M
74 NEE 0.17% 106,100 $10M $92.88 $1M -300 -0.3%
75 SPMD 0.17% 161,400 $10M $59.22 $2M +33,500 +26.2%
76 ADP 0.17% 47,000 $10M $203.18 -$3M -800 -1.7%
77 SHOP 0.17% 80,500 $10M $118.62 -$4M -1,300 -1.6%
78 TMO 0.17% 19,100 $9M $491.53 -$2M -100 -0.5%
79 MAR 0.16% 28,600 $9M $327.07 $233K -800 -2.7%
80 REGN 0.16% 11,900 $9M $772.64 -$68K -100 -0.8%
81 ABT 0.16% 88,600 $9M $102.67 -$2M -200 -0.2%
82 ORLY 0.16% 98,000 $9M $92.31 -$38K -1,600 -1.6%
83 TJX 0.16% 56,600 $9M $159.70 $314K -200 -0.3%
84 SPSM 0.16% 186,000 $9M $48.32 $7M +144,000 +342.9%
85 CRM 0.16% 47,800 $9M $186.67 -$4M -800 -1.6%
86 CSX 0.16% 217,000 $9M $41.05 $944K -2,700 -1.2%
87 CDNS 0.16% 32,000 $9M $277.87 -$1M -100 -0.3%
88 SNPS 0.16% 22,300 $9M $396.48 -$1M +400 +1.8%
89 DIS 0.15% 90,300 $9M $96.38 -$2M -900 -1.0%
90 MDLZ 0.15% 149,500 $9M $57.64 $424K -2,700 -1.8%
91 AEP 0.15% 63,100 $8M $131.08 $1M +100 +0.2%
92 AXP 0.15% 27,300 $8M $302.48 -$2M -100 -0.4%
93 COP 0.15% 62,400 $8M $132.00 $2M -700 -1.1%
94 ROST 0.14% 37,700 $8M $216.63 $1M -700 -1.8%
95 PFE 0.14% 289,800 $8M $28.08 $907K -600 -0.2%
96 FTI 0.14% 117,300 $8M $69.13 $3M +5,400 +4.8%
97 SCHW 0.14% 85,100 $8M $93.98 -$525K -200 -0.2%
98 BA 0.14% 40,000 $8M $199.03 -$724K
99 WBD 0.14% 289,200 $8M $27.46 -$486K -3,200 -1.1%
100 APH 0.14% 62,600 $8M $126.35 -$537K +100 +0.2%

New Positions

SymbolValue% Port
VRT $5M 0.09%
AGX $3M 0.06%
AHR $2M 0.04%
VSNTV $2M 0.04%
VSEC $2M 0.04%
LYFT $2M 0.04%
RITM-PD $2M 0.04%
PIPR $2M 0.04%
LAUR $2M 0.04%
BROS $2M 0.03%
APLS $2M 0.03%
LTH $2M 0.03%
INDV $2M 0.03%
ADT $1M 0.03%
SARO $1M 0.03%

Sold Out Positions

SymbolValue% Port
AHRT —%
INN —%
SXC —%
CARS —%
CABO —%
PNFP —%
KREF —%
BDN —%
BLMN —%
FWRD —%
PLAY —%
MYGN —%
CIVI —%
ANGIV —%
WRE —%
View SEC EDGAR Filings for Louisiana State Employees Retirement System →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms