NEW YORK STATE COMMON RETIREMENT FUND
Long book
$71.58B
Q1 2026
Positions
3132
Top-10 weight
33%
concentration
Last quarter
+15.2%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsNEW YORK STATE COMMON RETIREMENT FUND is a mechanically diversified allocator, running a $71.58B US long book across 3132 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% 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 0.1pp per quarter behind the S&P 500, beating the index in 5 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
+3.3%
Q2 2024
+6.0%
Q3 2024
+2.5%
Q4 2024
-4.9%
Q1 2025
+11.1%
Q2 2025
+8.1%
Q3 2025
+2.6%
Q4 2025
-4.2%
Q1 2026
+15.2%
Sector allocation
Technology 39%
Financials 12%
Industrials 12%
Consumer discretionary 9%
Healthcare 9%
Services media 5%
Other 3%
Energy 3%
Long book by quarter
What does NEW YORK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 26.2M | $4.57B | 6.4% | 0.0% |
| AAPL APPLE INC | Technology | 17.1M | $4.34B | 6.1% | -0.9% |
| MSFT MICROSOFT CORP | Technology | 8.9M | $3.28B | 4.6% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.6M | $2.42B | 3.4% | +0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 7.1M | $2.04B | 2.9% | +0.3% |
| GOOG ALPHABET INC-CL C | Technology | 5.7M | $1.63B | 2.3% | +0.3% |
| AVGO BROADCOM INC | Technology | 5.2M | $1.60B | 2.2% | +0.1% |
| META META PLATFORMS INC-CLASS A | Technology | 2.4M | $1.39B | 1.9% | -0.2% |
| TSLA TESLA INC | Industrials | 3.1M | $1.16B | 1.6% | +0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 3.2M | $939.6M | 1.3% | -1.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.9M | $933.6M | 1.3% | +0.1% |
| LLY ELI LILLY & CO | Healthcare | 910.0K | $837.0M | 1.2% | -0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.0M | $725.1M | 1.0% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 4.2M | $709.7M | 1.0% | +1.8% |
| WMT WALMART INC | Consumer discretionary | 5.0M | $617.8M | 0.9% | +0.2% |
| V VISA INC-CLASS A SHARES | Services media | 2.0M | $611.1M | 0.9% | -0.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 510.2K | $508.4M | 0.7% | +0.2% |
| NFLX NETFLIX INC | Services media | 4.8M | $462.0M | 0.6% | +0.3% |
| MA MASTERCARD INC - A | Services media | 914.2K | $456.8M | 0.6% | -0.6% |
| ABBV ABBVIE INC | Healthcare | 2.0M | $441.0M | 0.6% | +0.1% |
| MU MICRON TECHNOLOGY INC | Technology | 1.3M | $425.0M | 0.6% | -3.3% |
| MRK MERCK & CO. INC. | Healthcare | 3.5M | $422.9M | 0.6% | -1.1% |
| BAC BANK OF AMERICA CORP | Financials | 8.6M | $417.2M | 0.6% | -1.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 2.7M | $397.1M | 0.6% | -2.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.9M | $386.0M | 0.5% | +0.3% |
| CVX CHEVRON CORP | Energy | 1.9M | $386.0M | 0.5% | +4.1% |
| HD HOME DEPOT INC | Consumer discretionary | 1.1M | $375.5M | 0.5% | +0.3% |
| CSCO CISCO SYSTEMS INC | Technology | 4.8M | $373.6M | 0.5% | +0.2% |
| CAT CATERPILLAR INC | Industrials | 525.6K | $372.4M | 0.5% | 0.0% |
| KO COCA-COLA CO/THE | Consumer staples | 4.6M | $350.7M | 0.5% | +0.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 2.3M | $339.4M | 0.5% | -0.2% |
| GE GENERAL ELECTRIC | Industrials | 1.2M | $339.1M | 0.5% | -0.6% |
| WFC WELLS FARGO & CO | Financials | 4.1M | $329.5M | 0.5% | -3.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 374.5K | $316.8M | 0.4% | -1.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.2M | $312.8M | 0.4% | +3.4% |
| RTX RTX CORP | Industrials | 1.6M | $310.4M | 0.4% | Held |
| AMAT APPLIED MATERIALS INC | Technology | 904.1K | $309.0M | 0.4% | -0.7% |
| LRCX LAM RESEARCH CORP | Industrials | 1.4M | $303.6M | 0.4% | -0.8% |
| C CITIGROUP INC | Financials | 2.6M | $289.4M | 0.4% | -2.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.7M | $288.7M | 0.4% | -0.1% |
| ORCL ORACLE CORP | Technology | 1.9M | $278.4M | 0.4% | +1.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.1M | $278.2M | 0.4% | +0.5% |
| GEV GE VERNOVA INC | Industrials | 300.9K | $262.7M | 0.4% | -0.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 842.7K | $261.9M | 0.4% | +0.3% |
| LIN LINDE PLC | Materials | 513.1K | $254.4M | 0.4% | +8.1% |
| MS MORGAN STANLEY | Financials | 1.5M | $253.0M | 0.4% | -1.2% |
| PEP PEPSICO INC | Consumer staples | 1.6M | $249.4M | 0.3% | 0.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 4.8M | $240.7M | 0.3% | +0.1% |
| T AT&T INC | Communications | 8.2M | $236.7M | 0.3% | Held |
| KLAC KLA CORP | Other | 158.1K | $232.7M | 0.3% | +0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 3132 | $71.58B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 3177 | $74.93B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 3182 | $77.33B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3197 | $75.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 3197 | $75.2M | SEC ↗ | |
| Q1 2025 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3171 | $68.13B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 3171 | $68.1M | SEC ↗ | |
| Q4 2024 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3174 | $74.59B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 3174 | $74.6M | SEC ↗ | |
| Q3 2024 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3177 | $73.90B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 3177 | $73.9M | SEC ↗ | |
| Q2 2024 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3399 | $76.23B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 3398 | $76.2M | SEC ↗ | |
| Q1 2024 | 13F-HR/ARESTATEMENT | Oct 8, 2025 | 3233 | $75.76B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 3233 | $75.8M | SEC ↗ |
Similar funds
VANGUARD CAPITAL MANAGEMENT LLCVANGUARD PORTFOLIO MANAGEMENT LLCPRICE T ROWE ASSOCIATES INC /MD/Bank of New York Mellon CorpLegal & General Group PlcVANGUARD FIDUCIARY TRUST CONuveen, LLCAmundiJANUS HENDERSON GROUP PLCAMERICAN CENTURY COMPANIES INCPRINCIPAL FINANCIAL GROUP INCVanguard Global Advisers, LLC