NEW MEXICO EDUCATIONAL RETIREMENT BOARD
Long book
$3.25B
Q1 2026
Positions
907
Top-10 weight
29%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsNEW MEXICO EDUCATIONAL RETIREMENT BOARD is an institutional manager, running a $3.25B US long book across 907 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% 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 0.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+6.1%
Q3 2024
+1.8%
Q4 2024
-4.7%
Q1 2025
+10.1%
Q2 2025
+7.6%
Q3 2025
+2.5%
Q4 2025
-3.0%
Q1 2026
+14.4%
Sector allocation
Technology 36%
Industrials 13%
Financials 12%
Consumer discretionary 10%
Healthcare 8%
Services media 5%
Other 4%
Utilities 4%
Long book by quarter
What does NEW MEXICO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.1M | $194.6M | 6.0% | Held |
| AAPL APPLE INC | Technology | 680.4K | $172.7M | 5.3% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 341.9K | $126.6M | 3.9% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 447.9K | $93.3M | 2.9% | +0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 266.6K | $76.7M | 2.4% | Held |
| AVGO BROADCOM INC | Technology | 216.6K | $67.0M | 2.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 211.7K | $60.7M | 1.9% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 100.0K | $57.2M | 1.8% | Held |
| TSLA TESLA INC | Industrials | 128.8K | $47.9M | 1.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 84.5K | $40.5M | 1.2% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 126.7K | $37.3M | 1.1% | Held |
| XOM EXXON MOBIL CORP | Energy | 197.7K | $33.5M | 1.0% | Held |
| LLY ELI LILLY & CO | Healthcare | 36.4K | $33.5M | 1.0% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 111.7K | $27.3M | 0.8% | Held |
| WMT WALMART INC | Consumer discretionary | 201.5K | $25.0M | 0.8% | Held |
| V VISA INC-CLASS A SHARES | Services media | 78.6K | $23.8M | 0.7% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 20.2K | $20.1M | 0.6% | Held |
| MA MASTERCARD INC - A | Services media | 37.9K | $18.9M | 0.6% | Held |
| NFLX NETFLIX INC | Services media | 192.2K | $18.5M | 0.6% | Held |
| CVX CHEVRON CORP | Energy | 87.6K | $18.1M | 0.6% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 52.9K | $17.9M | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 81.3K | $17.7M | 0.5% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 107.5K | $15.5M | 0.5% | Held |
| CAT CATERPILLAR INC | Industrials | 21.9K | $15.5M | 0.5% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 104.7K | $15.3M | 0.5% | Held |
| BAC BANK OF AMERICA CORP | Financials | 313.3K | $15.3M | 0.5% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 45.5K | $15.0M | 0.5% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 73.3K | $14.9M | 0.5% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 181.0K | $14.0M | 0.4% | Held |
| GE GENERAL ELECTRIC | Industrials | 48.9K | $13.9M | 0.4% | Held |
| MRK MERCK & CO. INC. | Healthcare | 114.6K | $13.8M | 0.4% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 178.3K | $13.6M | 0.4% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 57.8K | $12.4M | 0.4% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 35.9K | $12.3M | 0.4% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 14.0K | $11.8M | 0.4% | Held |
| RTX RTX CORP | Industrials | 61.3K | $11.8M | 0.4% | Held |
| WFC WELLS FARGO & CO | Financials | 146.9K | $11.7M | 0.4% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 42.4K | $11.5M | 0.4% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 68.5K | $11.3M | 0.3% | Held |
| ORCL ORACLE CORP | Technology | 76.6K | $11.3M | 0.3% | Held |
| GEV GE VERNOVA INC | Industrials | 12.3K | $10.8M | 0.3% | Held |
| LIN LINDE PLC | Materials | 21.2K | $10.5M | 0.3% | Held |
| LITE LUMENTUM HOLDINGS INC | Technology | 14.9K | $10.5M | 0.3% | +2.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 43.1K | $10.5M | 0.3% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 32.6K | $10.1M | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 62.7K | $9.7M | 0.3% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 193.6K | $9.7M | 0.3% | Held |
| C CITIGROUP INC | Financials | 84.8K | $9.6M | 0.3% | Held |
| T AT&T INC | Communications | 327.5K | $9.5M | 0.3% | Held |
| MS MORGAN STANLEY | Financials | 56.1K | $9.2M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 908 | $3.25B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 908 | $3.35B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 15, 2025 | 906 | $3.22B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 906 | $3.06B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 905 | $2.79B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 905 | $2.98B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 906 | $2.97B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 907 | $2.86B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Apr 23, 2024 | 905 | $2.79B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 905 | $2.7M | SEC ↗ |
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