— Know what they know.
Not Investment Advice
Pension ← All Institutions

Louisiana State Employees Retirement System

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

Q2 2025 · Filed 2025-07-23
Market Value
$5.5B
+9.8%
Holdings
1,510
-6
New Purchases
13
Added To
329
Closed
11
Reduced
984
Top 10 Concentration
29.7%
Turnover
1.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.79% 4.43% +1.36% $318M
MSFT 5.56% 4.66% +0.90% $305M
AVGO 2.41% 1.62% +0.79% $132M
META 2.41% 2.11% +0.30% $132M
NFLX 1.31% 1.01% +0.29% $72M
PLTR 0.69% 0.46% +0.23% $38M
SHOP 0.19% 0.00% +0.19% $10M
TSLA 1.48% 1.34% +0.14% $81M
AMZN 3.25% 3.13% +0.13% $179M
AMD 0.53% 0.42% +0.11% $29M
ORCL 0.34% 0.24% +0.10% $19M
OKTA 0.09% 0.00% +0.09% $5M
CRWD 0.29% 0.21% +0.08% $16M
CEG 0.23% 0.16% +0.07% $13M
COIN 0.07% 0.00% +0.07% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 4.60% 5.57% -0.97% $253M
UNH 0.27% 0.52% -0.25% $15M
BRK-B 0.86% 1.05% -0.19% $47M
TMUS 0.47% 0.58% -0.11% $26M
QQQ 0.14% 0.25% -0.11% $8M
LLY 0.59% 0.70% -0.11% $32M
XOM 0.45% 0.56% -0.11% $25M
PEP 0.42% 0.52% -0.11% $23M
ABBV 0.32% 0.40% -0.08% $17M
AMGN 0.34% 0.42% -0.08% $19M
CVX 0.22% 0.30% -0.08% $12M
JNJ 0.35% 0.43% -0.08% $19M
PG 0.36% 0.43% -0.07% $20M
V 0.58% 0.65% -0.07% $32M
COST 1.01% 1.07% -0.06% $55M

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 $2.5B 46.2%
Large Cap 581 $2.0B 35.7%
Mid Cap 605 $851M 15.5%
Small Cap 257 $143M 2.6%
Micro Cap 9 $2M 0.0%

Portfolio Analytics

Avg Market Cap
$53.0B
Median Market Cap
$7.1B
Avg P/E
32.1
Median P/E
21.7
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
1,506
# ETFs / Funds
4

Top Holdings (1,510 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.79% 2,012,000 $318M $157.99 $97M -29,600 -1.4%
2 MSFT 5.56% 613,100 $305M $497.41 $72M -7,400 -1.2%
3 AAPL 4.60% 1,232,000 $253M $205.17 -$26M -22,000 -1.8%
4 AMZN 3.25% 814,100 $179M $219.39 $22M -7,900 -1.0%
5 META 2.41% 179,100 $132M $738.09 $27M -3,700 -2.0%
6 AVGO 2.41% 479,300 $132M $275.65 $51M -3,000 -0.6%
7 GOOGL 1.54% 480,100 $85M $176.23 $9M -6,800 -1.4%
8 TSLA 1.48% 256,100 $81M $317.66 $14M -2,300 -0.9%
9 GOOG 1.32% 410,000 $73M $177.39 $8M -7,400 -1.8%
10 NFLX 1.31% 53,600 $72M $1,339.13 $21M -700 -1.3%
11 COST 1.01% 55,800 $55M $989.94 $2M -500 -0.9%
12 BRK-B 0.86% 96,800 $47M $485.77 -$5M -1,800 -1.8%
13 JPM 0.77% 146,600 $43M $289.91 $6M -3,800 -2.5%
14 SPLG 0.71% 533,400 $39M $72.69 $6M +35,600 +7.2%
15 PLTR 0.69% 277,700 $38M $136.32 $15M +3,200 +1.2%
16 CSCO 0.63% 499,500 $35M $69.38 $4M -5,300 -1.1%
17 LLY 0.59% 41,500 $32M $779.53 -$3M -900 -2.1%
18 V 0.58% 90,300 $32M $355.05 -$427K -2,400 -2.6%
19 AMD 0.53% 204,100 $29M $141.90 $8M -1,500 -0.7%
20 LIN 0.51% 59,200 $28M $469.18 -$210K -900 -1.5%
21 INTU 0.51% 35,200 $28M $787.63 $6M -300 -0.8%
22 TMUS 0.47% 108,200 $26M $238.26 -$3M -1,000 -0.9%
23 XOM 0.45% 227,400 $25M $107.80 -$3M -6,700 -2.9%
24 ISRG 0.45% 45,100 $25M $543.41 $2M -200 -0.4%
25 MA 0.44% 42,800 $24M $561.94 $43K -1,000 -2.3%
26 BKNG 0.43% 4,100 $24M $5,789.24 $4M -100 -2.4%
27 TXN 0.43% 114,300 $24M $207.62 $3M -1,200 -1.0%
28 PEP 0.42% 172,600 $23M $132.04 -$3M -1,400 -0.8%
29 WMT 0.41% 228,000 $22M $97.78 $2M -5,300 -2.3%
30 QCOM 0.40% 138,200 $22M $159.26 $458K -2,100 -1.5%
31 ADBE 0.38% 53,700 $21M $386.88 -$395K -1,500 -2.7%
32 PG 0.36% 123,700 $20M $159.32 -$2M -2,400 -1.9%
33 JNJ 0.35% 126,900 $19M $152.75 -$2M -2,600 -2.0%
34 HD 0.35% 52,400 $19M $366.64 -$359K -1,000 -1.9%
35 AMGN 0.34% 67,700 $19M $279.21 -$2M -400 -0.6%
36 HON 0.34% 80,900 $19M $232.88 $1M -1,600 -1.9%
37 ORCL 0.34% 85,800 $19M $218.63 $7M -1,400 -1.6%
38 AMAT 0.34% 101,600 $19M $183.07 $4M -1,500 -1.4%
39 GILD 0.32% 156,600 $17M $110.87 -$342K -1,400 -0.9%
40 MU 0.32% 140,700 $17M $123.25 $5M -600 -0.4%
41 ABBV 0.32% 93,200 $17M $185.62 -$3M -1,700 -1.8%
42 PANW 0.31% 83,700 $17M $204.64 $3M -300 -0.4%
43 CMCSA 0.30% 468,900 $17M $35.69 -$914K -9,400 -2.0%
44 BAC 0.30% 345,700 $16M $47.32 $1M -10,400 -2.9%
45 CRWD 0.29% 31,300 $16M $509.31 $5M +1,000 +3.3%
46 ADP 0.29% 51,100 $16M $308.40 -$6K -500 -1.0%
47 LRCX 0.29% 161,000 $16M $97.34 $4M -1,800 -1.1%
48 KLAC 0.27% 16,700 $15M $895.74 $4M -100 -0.6%
49 PM 0.27% 82,100 $15M $182.13 $2M -1,500 -1.8%
50 UNH 0.27% 47,900 $15M $311.97 -$11M -1,600 -3.2%
51 ADI 0.27% 62,500 $15M $238.02 $2M -400 -0.6%
52 GE 0.26% 56,300 $14M $257.39 $3M -1,400 -2.4%
53 KO 0.26% 204,400 $14M $70.75 -$450K -3,800 -1.8%
54 IBM 0.26% 49,000 $14M $294.78 $2M -700 -1.4%
55 VRTX 0.26% 32,300 $14M $445.20 -$1M -300 -0.9%
56 CRM 0.25% 50,600 $14M $272.69 -$22K -900 -1.8%
57 WFC 0.25% 171,700 $14M $80.12 $1M -5,200 -2.9%
58 SBUX 0.24% 143,100 $13M $91.63 -$1M -1,000 -0.7%
59 CEG 0.23% 39,400 $13M $322.76 $5M -300 -0.8%
60 ABT 0.23% 91,800 $12M $136.01 $109K -1,500 -1.6%
61 INTC 0.22% 549,100 $12M $22.40 -$172K -100 -0.0%
62 CVX 0.22% 85,700 $12M $143.19 -$3M -4,200 -4.7%
63 DIS 0.21% 94,900 $12M $124.01 $2M -2,300 -2.4%
64 DASH 0.21% 47,300 $12M $246.51 $3M +300 +0.6%
65 GS 0.21% 16,200 $11M $707.75 $2M -600 -3.6%
66 NOW 0.20% 10,900 $11M $1,028.08 $2M -200 -1.8%
67 MCD 0.20% 37,700 $11M $292.17 -$1M -800 -2.1%
68 MDLZ 0.20% 163,000 $11M $67.44 -$141K -1,100 -0.7%
69 T 0.20% 379,700 $11M $28.94 $70K -6,400 -1.7%
70 CTAS 0.19% 47,600 $11M $222.87 $764K -300 -0.6%
71 CDNS 0.19% 34,400 $11M $308.15 $2M -400 -1.1%
72 MRK 0.19% 132,500 $10M $79.16 -$2M -3,500 -2.6%
73 RTX 0.19% 70,500 $10M $146.02 $810K -1,100 -1.5%
74 UBER 0.19% 110,300 $10M $93.30 $2M -2,100 -1.9%
75 SHOP 0.19% 89,100 $10M $115.35 +89,100 NEW
76 SNPS 0.18% 19,500 $10M $512.68 $2M -100 -0.5%
77 ACN 0.18% 33,000 $10M $298.89 -$621K -600 -1.8%
78 ORLY 0.18% 107,600 $10M $90.13 -$760K +100,300 +1374.0%
79 MELI 0.18% 3,700 $10M $2,613.63 $2M
80 CAT 0.18% 24,800 $10M $388.21 $1M -900 -3.5%
81 VZ 0.18% 222,400 $10M $43.27 -$646K -4,000 -1.8%
82 FTNT 0.17% 89,500 $9M $105.72 $760K -900 -1.0%
83 AXP 0.17% 29,200 $9M $318.98 $1M -600 -2.0%
84 SPMD 0.17% 169,200 $9M $54.38 -$835K -26,900 -13.7%
85 MS 0.17% 65,200 $9M $140.86 $1M -1,300 -1.9%
86 PYPL 0.17% 122,400 $9M $74.32 $908K -3,100 -2.5%
87 SPGI 0.16% 16,600 $9M $527.29 $166K -300 -1.8%
88 MAR 0.16% 32,000 $9M $273.21 $1M -400 -1.2%
89 BSX 0.15% 78,100 $8M $107.41 $389K -1,200 -1.5%
90 C 0.15% 98,500 $8M $85.12 $1M -2,500 -2.5%
91 ADSK 0.15% 27,000 $8M $309.57 $1M -300 -1.1%
92 BA 0.15% 39,800 $8M $209.53 $1M -500 -1.2%
93 PGR 0.15% 30,900 $8M $266.86 -$669K -600 -1.9%
94 SCHW 0.15% 90,100 $8M $91.24 $1M -1,500 -1.6%
95 BLK 0.15% 7,700 $8M $1,049.25 $697K -100 -1.3%
96 TMO 0.15% 19,900 $8M $405.46 -$2M -700 -3.4%
97 AXON 0.14% 9,600 $8M $827.94 $3M +100 +1.1%
98 APP 0.14% 22,500 $8M $350.08 $2M -100 -0.4%
99 CSX 0.14% 236,500 $8M $32.63 $592K -5,600 -2.3%
100 ROP 0.14% 13,600 $8M $566.84 -$309K

New Positions

SymbolValue% Port
SHOP $10M 0.19%
OKTA $5M 0.09%
COIN $4M 0.07%
APG $3M 0.06%
STRL $3M 0.06%
RAL $3M 0.05%
PEGA $1M 0.02%
ACT $494K 0.01%
DEA $437K 0.01%
ANGIV $301K 0.01%
WRLD $248K —%
FWRD $240K —%
NWS $202K —%

Sold Out Positions

SymbolValue% Port
BFS —%
MDB —%
JACK —%
DFS —%
SWI —%
ODP —%
0I4Q.L —%
PDCO —%
BERY —%
X —%
JWN —%
View SEC EDGAR Filings for Louisiana State Employees Retirement System →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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