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Louisiana State Employees Retirement System

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

Q3 2025 · Filed 2025-10-22
Market Value
$5.9B
+7.9%
Holdings
1,522
+12
New Purchases
23
Added To
253
Closed
25
Reduced
1,089
Top 10 Concentration
31.4%
Turnover
3.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.24% 4.60% +0.63% $310M
NVDA 6.30% 5.79% +0.51% $373M
TSLA 1.92% 1.48% +0.43% $113M
GOOGL 1.96% 1.54% +0.42% $116M
GOOG 1.67% 1.32% +0.34% $99M
APP 0.44% 0.14% +0.30% $26M
AVGO 2.66% 2.41% +0.25% $157M
PLTR 0.88% 0.69% +0.19% $52M
HOOD 0.10% 0.00% +0.10% $6M
NTNX 0.09% 0.00% +0.09% $6M
TLN 0.09% 0.00% +0.09% $5M
INTC 0.31% 0.22% +0.09% $18M
MU 0.40% 0.32% +0.08% $23M
TRU 0.08% 0.00% +0.08% $5M
FTI 0.08% 0.00% +0.08% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NFLX 1.08% 1.31% -0.23% $64M
MSFT 5.34% 5.56% -0.22% $316M
META 2.21% 2.41% -0.20% $131M
AMZN 3.06% 3.25% -0.19% $181M
COST 0.87% 1.01% -0.14% $51M
ISRG 0.34% 0.45% -0.11% $20M
INTU 0.40% 0.51% -0.10% $24M
EME 0.03% 0.12% -0.10% $1M
IBKR 0.03% 0.12% -0.10% $2M
SPSM 0.00% 0.08% -0.08% $0
TXN 0.35% 0.43% -0.08% $21M
V 0.51% 0.58% -0.07% $30M
ANSS 0.00% 0.07% -0.07% $0
ADBE 0.32% 0.38% -0.06% $19M
HON 0.28% 0.34% -0.06% $17M

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 $2.8B 48.1%
Large Cap 589 $2.1B 34.6%
Mid Cap 613 $885M 14.9%
Small Cap 255 $137M 2.3%
Micro Cap 7 $2M 0.0%

Portfolio Analytics

Avg Market Cap
$52.7B
Median Market Cap
$7.1B
Avg P/E
32.5
Median P/E
21.8
Avg Dividend Yield
0.02%
Avg Beta
1.03
# Stocks
1,518
# ETFs / Funds
4

Top Holdings (1,522 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.30% 2,000,600 $373M $186.58 $55M -11,400 -0.6%
2 MSFT 5.34% 610,300 $316M $517.95 $11M -2,800 -0.5%
3 AAPL 5.24% 1,218,600 $310M $254.63 $58M -13,400 -1.1%
4 AMZN 3.06% 825,400 $181M $219.57 $3M +11,300 +1.4%
5 AVGO 2.66% 477,400 $157M $329.91 $25M -1,900 -0.4%
6 META 2.21% 178,100 $131M $734.38 -$1M -1,000 -0.6%
7 GOOGL 1.96% 477,600 $116M $243.10 $31M -2,500 -0.5%
8 TSLA 1.92% 255,200 $113M $444.72 $32M -900 -0.3%
9 GOOG 1.67% 406,000 $99M $243.55 $26M -4,000 -1.0%
10 NFLX 1.08% 53,300 $64M $1,198.92 -$8M -300 -0.6%
11 PLTR 0.88% 285,200 $52M $182.42 $14M +7,500 +2.7%
12 COST 0.87% 55,600 $51M $925.63 -$4M -200 -0.4%
13 BRK-B 0.82% 96,200 $48M $502.74 $1M -600 -0.6%
14 SPLG 0.77% 584,900 $46M $78.34 $7M +51,500 +9.7%
15 JPM 0.77% 144,300 $46M $315.43 $3M -2,300 -1.6%
16 CSCO 0.57% 496,600 $34M $68.42 -$678K -2,900 -0.6%
17 AMD 0.56% 203,600 $33M $161.79 $4M -500 -0.2%
18 LLY 0.54% 41,700 $32M $763.00 -$533K +200 +0.5%
19 V 0.51% 89,100 $30M $341.38 -$2M -1,200 -1.3%
20 LIN 0.47% 58,800 $28M $475.00 $155K -400 -0.7%
21 APP 0.44% 36,600 $26M $718.54 $18M +14,100 +62.7%
22 TMUS 0.43% 107,500 $26M $239.38 -$46K -700 -0.7%
23 XOM 0.43% 223,700 $25M $112.75 $708K -3,700 -1.6%
24 MA 0.42% 43,300 $25M $568.81 $578K +500 +1.2%
25 ORCL 0.41% 87,000 $24M $281.24 $6M +1,200 +1.4%
26 PEP 0.41% 171,600 $24M $140.44 $1M -1,000 -0.6%
27 INTU 0.40% 34,900 $24M $682.91 -$4M -300 -0.8%
28 WMT 0.40% 230,300 $24M $103.06 $1M +2,300 +1.0%
29 MU 0.40% 140,300 $23M $167.32 $6M -400 -0.3%
30 JNJ 0.40% 126,400 $23M $185.42 $4M -500 -0.4%
31 QCOM 0.38% 135,300 $23M $166.36 $499K -2,900 -2.1%
32 BKNG 0.37% 4,100 $22M $5,399.27 -$2M
33 ABBV 0.36% 92,700 $21M $231.54 $4M -500 -0.5%
34 LRCX 0.36% 158,700 $21M $133.90 $6M -2,300 -1.4%
35 HD 0.36% 52,200 $21M $405.19 $2M -200 -0.4%
36 TXN 0.35% 114,000 $21M $183.73 -$3M -300 -0.3%
37 AMAT 0.35% 100,200 $21M $204.74 $2M -1,400 -1.4%
38 ISRG 0.34% 44,900 $20M $447.23 -$4M -200 -0.4%
39 AMGN 0.32% 67,500 $19M $282.20 $146K -200 -0.3%
40 PG 0.32% 122,900 $19M $153.65 -$824K -800 -0.7%
41 ADBE 0.32% 53,200 $19M $352.75 -$2M -500 -0.9%
42 BAC 0.31% 357,600 $18M $51.59 $2M +11,900 +3.4%
43 INTC 0.31% 548,900 $18M $33.55 $6M -200 -0.0%
44 KLAC 0.30% 16,500 $18M $1,078.60 $3M -200 -1.2%
45 GILD 0.29% 155,600 $17M $111.00 -$91K -1,000 -0.6%
46 PANW 0.29% 83,800 $17M $203.62 -$65K +100 +0.1%
47 HON 0.28% 79,600 $17M $210.50 -$2M -1,300 -1.6%
48 GE 0.28% 55,600 $17M $300.82 $2M -700 -1.2%
49 UNH 0.28% 47,500 $16M $345.30 $1M -400 -0.8%
50 CVX 0.26% 100,965 $16M $155.29 $3M +15,265 +17.8%
51 CRWD 0.26% 31,400 $15M $490.38 -$543K +100 +0.3%
52 ADI 0.26% 61,900 $15M $245.70 $333K -600 -1.0%
53 ADP 0.25% 50,800 $15M $293.50 -$849K -300 -0.6%
54 CMCSA 0.24% 461,800 $15M $31.42 -$2M -7,100 -1.5%
55 WFC 0.24% 168,100 $14M $83.82 $334K -3,600 -2.1%
56 IBM 0.23% 48,900 $14M $282.16 -$647K -100 -0.2%
57 KO 0.23% 203,200 $13M $66.32 -$985K -1,200 -0.6%
58 PM 0.22% 81,700 $13M $162.20 -$2M -400 -0.5%
59 DASH 0.22% 48,700 $13M $271.99 $2M +1,400 +3.0%
60 SHOP 0.22% 89,000 $13M $148.61 $3M -100 -0.1%
61 CEG 0.22% 39,200 $13M $329.07 $183K -200 -0.5%
62 GS 0.21% 15,900 $13M $796.35 $1M -300 -1.9%
63 VRTX 0.21% 32,200 $13M $391.64 -$2M -100 -0.3%
64 ABT 0.21% 91,300 $12M $133.94 -$257K -500 -0.5%
65 SBUX 0.20% 142,500 $12M $84.60 -$1M -600 -0.4%
66 CDNS 0.20% 34,200 $12M $351.26 $1M -200 -0.6%
67 CRM 0.20% 50,200 $12M $237.00 -$2M -400 -0.8%
68 RTX 0.20% 70,200 $12M $167.33 $1M -300 -0.4%
69 CAT 0.20% 24,600 $12M $477.15 $2M -200 -0.8%
70 ORLY 0.19% 106,400 $11M $107.81 $2M -1,200 -1.1%
71 SNPS 0.19% 23,138 $11M $493.39 $1M +3,638 +18.7%
72 MCD 0.19% 37,400 $11M $303.89 $351K -300 -0.8%
73 MRK 0.19% 131,100 $11M $83.93 $515K -1,400 -1.1%
74 DIS 0.18% 94,300 $11M $114.50 -$971K -600 -0.6%
75 UBER 0.18% 109,400 $11M $97.97 $427K -900 -0.8%
76 QQQ 0.18% 17,700 $11M $600.37 $3M +4,000 +29.2%
77 T 0.18% 375,200 $11M $28.24 -$393K -4,500 -1.2%
78 MDLZ 0.17% 162,300 $10M $62.47 -$854K -700 -0.4%
79 MS 0.17% 63,700 $10M $158.96 $942K -1,500 -2.3%
80 NOW 0.17% 10,900 $10M $920.28 -$1M
81 C 0.17% 96,600 $10M $101.50 $1M -1,900 -1.9%
82 CTAS 0.16% 47,400 $10M $205.26 -$879K -200 -0.4%
83 VZ 0.16% 221,200 $10M $43.95 $98K -1,200 -0.5%
84 TMO 0.16% 19,800 $10M $485.02 $2M -100 -0.5%
85 AXP 0.16% 28,500 $9M $332.16 $152K -700 -2.4%
86 BLK 0.15% 7,600 $9M $1,165.87 $781K -100 -1.3%
87 GEV 0.15% 14,300 $9M $614.90 $1M -100 -0.7%
88 MELI 0.15% 3,700 $9M $2,336.94 -$1M
89 BA 0.14% 39,700 $9M $215.83 $229K -100 -0.2%
90 SCHW 0.14% 89,500 $9M $95.47 $324K -600 -0.7%
91 ADSK 0.14% 26,800 $9M $317.67 $155K -200 -0.7%
92 TJX 0.14% 58,500 $8M $144.54 $1M -400 -0.7%
93 CSX 0.14% 233,800 $8M $35.51 $585K -2,700 -1.1%
94 MAR 0.14% 31,600 $8M $260.44 -$513K -400 -1.2%
95 NEE 0.14% 108,100 $8M $75.49 $621K -500 -0.5%
96 FIX 0.14% 9,800 $8M $825.18 $3M -100 -1.0%
97 ACN 0.14% 32,700 $8M $246.60 -$2M -300 -0.9%
98 PYPL 0.14% 119,800 $8M $67.06 -$1M -2,600 -2.1%
99 SPGI 0.13% 16,400 $8M $486.71 -$771K -200 -1.2%
100 APH 0.13% 64,100 $8M $123.75 $2M +300 +0.5%

New Positions

SymbolValue% Port
HOOD $6M 0.10%
NTNX $6M 0.09%
TLN $5M 0.09%
TRU $5M 0.08%
FTI $5M 0.08%
TWLO $4M 0.07%
HL $4M 0.06%
ELAN $3M 0.05%
MIR $2M 0.04%
SQ $2M 0.04%
QTWO $2M 0.04%
VNOM $2M 0.03%
WAY $2M 0.03%
NE $2M 0.03%
VCTR $1M 0.02%

Sold Out Positions

SymbolValue% Port
BGS —%
ACH —%
PUMP —%
SSB —%
MLAB —%
TTGT —%
XRX —%
SPSM —%
HES —%
JNPR —%
NVEE —%
VIAC —%
AMED —%
FL —%
CHX —%
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