NEW YORK STATE TEACHERS RETIREMENT SYSTEM
Long book
$49.18B
Q1 2026
Positions
1616
Top-10 weight
34%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsNEW YORK STATE TEACHERS RETIREMENT SYSTEM is a mechanically diversified allocator, running a $49.18B US long book across 1616 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% 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 behind 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
+3.8%
Q2 2024
+6.1%
Q3 2024
+2.3%
Q4 2024
-4.6%
Q1 2025
+10.6%
Q2 2025
+8.1%
Q3 2025
+2.7%
Q4 2025
-3.8%
Q1 2026
+14.9%
Sector allocation
Technology 39%
Industrials 12%
Financials 12%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Energy 3%
Utilities 3%
Long book by quarter
What does NEW YORK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 19.8M | $3.46B | 7.0% | +0.1% |
| AAPL APPLE INC | Technology | 11.9M | $3.03B | 6.2% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 6.1M | $2.25B | 4.6% | +0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.9M | $1.64B | 3.3% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 4.7M | $1.36B | 2.8% | 0.0% |
| AVGO BROADCOM INC | Technology | 3.8M | $1.18B | 2.4% | +0.3% |
| GOOG ALPHABET INC-CL C | Technology | 3.8M | $1.09B | 2.2% | -0.1% |
| META META PLATFORMS INC-CLASS A | Technology | 1.8M | $1.01B | 2.1% | +0.2% |
| TSLA TESLA INC | Industrials | 2.3M | $841.8M | 1.7% | -0.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.5M | $707.6M | 1.4% | 0.0% |
| JPM JPMORGAN CHASE & CO | Financials | 2.2M | $642.6M | 1.3% | +0.9% |
| LLY ELI LILLY & CO | Healthcare | 644.1K | $592.4M | 1.2% | +0.2% |
| XOM EXXON MOBIL CORP | Energy | 3.4M | $584.0M | 1.2% | -0.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.0M | $485.0M | 1.0% | +0.5% |
| WMT WALMART INC | Consumer discretionary | 3.5M | $435.2M | 0.9% | -0.7% |
| V VISA INC-CLASS A SHARES | Services media | 1.3M | $406.0M | 0.8% | -0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 356.1K | $354.8M | 0.7% | +1.7% |
| MA MASTERCARD INC - A | Services media | 667.9K | $333.7M | 0.7% | -0.1% |
| NFLX NETFLIX INC | Services media | 3.4M | $329.6M | 0.7% | -0.4% |
| CVX CHEVRON CORP | Energy | 1.5M | $320.6M | 0.7% | -0.1% |
| ABBV ABBVIE INC | Healthcare | 1.4M | $313.7M | 0.6% | +0.1% |
| MU MICRON TECHNOLOGY INC | Technology | 924.7K | $312.4M | 0.6% | +0.8% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 1.8M | $269.9M | 0.5% | +0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.8M | $265.4M | 0.5% | +1.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.3M | $264.4M | 0.5% | +0.6% |
| BAC BANK OF AMERICA CORP | Financials | 5.4M | $262.9M | 0.5% | 0.0% |
| CAT CATERPILLAR INC | Industrials | 370.4K | $262.4M | 0.5% | -0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 765.2K | $251.7M | 0.5% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 2.1M | $247.5M | 0.5% | -0.7% |
| CSCO CISCO SYSTEMS INC | Technology | 3.2M | $246.5M | 0.5% | +0.2% |
| GE GENERAL ELECTRIC | Industrials | 830.0K | $235.5M | 0.5% | -3.3% |
| LRCX LAM RESEARCH CORP | Industrials | 1.1M | $229.1M | 0.5% | -0.2% |
| KO COCA-COLA CO/THE | Consumer staples | 3.0M | $226.2M | 0.5% | +0.7% |
| AMAT APPLIED MATERIALS INC | Technology | 631.8K | $215.9M | 0.4% | +0.9% |
| RTX RTX CORP | Industrials | 1.1M | $214.7M | 0.4% | +4.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.3M | $211.1M | 0.4% | -1.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 240.1K | $203.2M | 0.4% | Held |
| WFC WELLS FARGO & CO | Financials | 2.5M | $199.2M | 0.4% | +0.9% |
| ORCL ORACLE CORP | Technology | 1.3M | $195.1M | 0.4% | +0.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 718.0K | $194.3M | 0.4% | -0.8% |
| GEV GE VERNOVA INC | Industrials | 219.2K | $191.3M | 0.4% | +0.7% |
| LIN LINDE PLC | Materials | 363.3K | $180.1M | 0.4% | Held |
| T AT&T INC | Communications | 6.1M | $176.8M | 0.4% | -3.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 726.3K | $176.1M | 0.4% | 0.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 548.6K | $170.5M | 0.3% | +0.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 3.4M | $170.1M | 0.3% | -2.1% |
| PEP PEPSICO INC | Consumer staples | 1.1M | $167.3M | 0.3% | -0.3% |
| C CITIGROUP INC | Financials | 1.4M | $164.4M | 0.3% | +0.4% |
| MS MORGAN STANLEY | Financials | 985.0K | $162.1M | 0.3% | -0.1% |
| KLAC KLA CORP | Other | 108.0K | $159.0M | 0.3% | -0.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 1616 | $49.18B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 1632 | $51.43B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 1632 | $51.26B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 1631 | $47.81B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 1634 | $43.36B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 1635 | $47.49B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 1617 | $48.48B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 1623 | $47.44B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 1616 | $47.92B | $K fixed canonical | SEC ↗ |
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