Louisiana State Employees Retirement System
Long book
$5.70B
Q1 2026
Positions
1517
Top-10 weight
27%
concentration
Last quarter
+16.7%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsLouisiana State Employees Retirement System is a mechanically diversified allocator, running a $5.70B US long book across 1517 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.2%
Q2 2024
+5.7%
Q3 2024
+2.2%
Q4 2024
-6.0%
Q1 2025
+11.1%
Q2 2025
+8.0%
Q3 2025
+2.4%
Q4 2025
-2.8%
Q1 2026
+16.7%
Sector allocation
Technology 37%
Industrials 13%
Financials 10%
Consumer discretionary 10%
Healthcare 8%
Services media 6%
Other 4%
Utilities 3%
Long book by quarter
What does Louisiana State own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.8M | $316.8M | 5.6% | -0.7% |
| AAPL APPLE INC | Technology | 1.1M | $278.6M | 4.9% | -1.4% |
| MSFT MICROSOFT CORP | Technology | 555.1K | $205.5M | 3.6% | -0.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 753.2K | $156.9M | 2.7% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 435.2K | $125.1M | 2.2% | -0.7% |
| AVGO BROADCOM INC | Technology | 354.4K | $109.7M | 1.9% | -0.3% |
| GOOG ALPHABET INC-CL C | Technology | 367.7K | $105.5M | 1.8% | -0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 181.7K | $104.0M | 1.8% | -0.4% |
| TSLA TESLA INC | Industrials | 262.1K | $97.4M | 1.7% | +4.5% |
| WMT WALMART INC | Consumer discretionary | 544.5K | $67.7M | 1.2% | +143.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 51.8K | $51.6M | 0.9% | -0.8% |
| NFLX NETFLIX INC | Services media | 492.6K | $47.4M | 0.8% | -1.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 93.4K | $44.8M | 0.8% | -0.3% |
| MU MICRON TECHNOLOGY INC | Technology | 131.3K | $44.4M | 0.8% | -1.0% |
| JPM JPMORGAN CHASE & CO | Financials | 137.4K | $40.4M | 0.7% | -1.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 266.9K | $39.0M | 0.7% | -1.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 190.2K | $38.7M | 0.7% | -1.0% |
| LLY ELI LILLY & CO | Healthcare | 40.4K | $37.2M | 0.7% | -0.5% |
| XOM EXXON MOBIL CORP | Energy | 213.0K | $36.1M | 0.6% | -1.1% |
| CSCO CISCO SYSTEMS INC | Technology | 460.9K | $35.8M | 0.6% | -1.0% |
| AMAT APPLIED MATERIALS INC | Technology | 92.5K | $31.6M | 0.6% | -1.6% |
| LRCX LAM RESEARCH CORP | Industrials | 145.6K | $31.1M | 0.5% | -1.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 122.8K | $30.0M | 0.5% | -0.2% |
| LIN LINDE PLC | Materials | 54.2K | $26.9M | 0.5% | -1.6% |
| V VISA INC-CLASS A SHARES | Services media | 85.7K | $25.9M | 0.5% | -0.6% |
| INTC INTEL CORP | Technology | 567.4K | $25.0M | 0.4% | +3.5% |
| PEP PEPSICO INC | Consumer staples | 159.4K | $24.8M | 0.4% | -1.2% |
| KLAC KLA CORP | Other | 15.3K | $22.5M | 0.4% | -1.3% |
| AMGN AMGEN INC | Healthcare | 62.8K | $22.1M | 0.4% | -1.1% |
| MA MASTERCARD INC - A | Services media | 41.5K | $20.7M | 0.4% | -1.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 105.9K | $20.6M | 0.4% | -1.2% |
| TMUS T-MOBILE US INC | Communications | 96.5K | $20.3M | 0.4% | -2.9% |
| GILD GILEAD SCIENCES INC | Healthcare | 144.8K | $20.2M | 0.4% | -1.1% |
| CVX CHEVRON CORP | Energy | 95.5K | $19.8M | 0.3% | -1.2% |
| ABBV ABBVIE INC | Healthcare | 90.1K | $19.6M | 0.3% | -0.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 41.4K | $19.1M | 0.3% | -1.0% |
| ADI ANALOG DEVICES INC | Technology | 57.0K | $18.1M | 0.3% | -1.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 118.4K | $17.1M | 0.3% | -0.8% |
| CAT CATERPILLAR INC | Industrials | 23.7K | $16.8M | 0.3% | -0.8% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 74.2K | $16.8M | 0.3% | -0.9% |
| HD HOME DEPOT INC | Consumer discretionary | 50.7K | $16.7M | 0.3% | -0.2% |
| BAC BANK OF AMERICA CORP | Financials | 338.2K | $16.5M | 0.3% | -1.5% |
| QCOM QUALCOMM INC | Technology | 124.5K | $16.0M | 0.3% | -1.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 3.7K | $15.6M | 0.3% | -2.6% |
| MRK MERCK & CO. INC. | Healthcare | 126.5K | $15.2M | 0.3% | -0.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 94.8K | $15.2M | 0.3% | +16.3% |
| GE GENERAL ELECTRIC | Industrials | 53.4K | $15.2M | 0.3% | -0.9% |
| KO COCA-COLA CO/THE | Consumer staples | 197.3K | $15.0M | 0.3% | -0.3% |
| INTU INTUIT INC | Technology | 32.4K | $14.0M | 0.2% | -1.2% |
| APP APPLOVIN CORP-CLASS A | Technology | 34.0K | $13.5M | 0.2% | -1.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 1604 | $5.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 1608 | $5.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 1604 | $6.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 1605 | $5.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 1603 | $5.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 1596 | $5.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 23, 2024 | 1607 | $5.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 1604 | $5.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 1609 | $5.1M | canonical | SEC ↗ |
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