NISA INVESTMENT ADVISORS, LLC
Long book
$27.04B
Q1 2026
Positions
3039
Top-10 weight
58%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsNISA INVESTMENT ADVISORS, LLC is a mechanically diversified allocator, running a $27.04B US long book across 3039 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, NVIDIA CORP, APPLE INC, MICROSOFT CORP, 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 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
+3.4%
Q2 2024
+6.3%
Q3 2024
+1.5%
Q4 2024
-3.9%
Q1 2025
+10.6%
Q2 2025
+7.7%
Q3 2025
+2.6%
Q4 2025
-3.7%
Q1 2026
+14.8%
Sector allocation
Technology 39%
Financials 12%
Industrials 11%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Energy 4%
Other 3%
Long book by quarter
What does NISA INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 6.2M | $1.08B | 4.0% | -5.7% |
| AAPL APPLE INC | Technology | 4.0M | $1.01B | 3.7% | -6.6% |
| MSFT MICROSOFT CORP | Technology | 2.0M | $755.7M | 2.8% | -4.4% |
| GOOGL ALPHABET INC-CL A | Technology | 1.7M | $476.4M | 1.8% | -13.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9M | $399.3M | 1.5% | -8.9% |
| AVGO BROADCOM INC | Technology | 1.3M | $398.8M | 1.5% | -17.2% |
| GOOG ALPHABET INC-CL C | Technology | 1.4M | $387.9M | 1.4% | -8.5% |
| META META PLATFORMS INC-CLASS A | Technology | 577.2K | $330.2M | 1.2% | -17.4% |
| JPM JPMORGAN CHASE & CO | Financials | 890.2K | $261.8M | 1.0% | -22.1% |
| TSLA TESLA INC | Industrials | 547.5K | $203.5M | 0.8% | -6.4% |
| LLY ELI LILLY & CO | Healthcare | 211.0K | $194.0M | 0.7% | -6.6% |
| XOM EXXON MOBIL CORP | Energy | 1.1M | $182.1M | 0.7% | -6.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 634.8K | $155.2M | 0.6% | -4.7% |
| WMT WALMART INC | Consumer discretionary | 1.2M | $148.2M | 0.5% | -5.8% |
| V VISA INC-CLASS A SHARES | Services media | 472.8K | $142.9M | 0.5% | -2.4% |
| MA MASTERCARD INC - A | Services media | 255.0K | $127.4M | 0.5% | -7.5% |
| NFLX NETFLIX INC | Services media | 1.3M | $126.1M | 0.5% | -6.3% |
| CAT CATERPILLAR INC | Industrials | 167.6K | $118.7M | 0.4% | -6.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 113.1K | $112.7M | 0.4% | -3.0% |
| CVX CHEVRON CORP | Energy | 531.1K | $109.9M | 0.4% | -2.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 226.1K | $108.4M | 0.4% | -14.9% |
| ABBV ABBVIE INC | Healthcare | 479.7K | $104.3M | 0.4% | -29.7% |
| BAC BANK OF AMERICA CORP | Financials | 2.1M | $102.0M | 0.4% | -28.0% |
| CSCO CISCO SYSTEMS INC | Technology | 1.3M | $97.6M | 0.4% | -3.1% |
| HD HOME DEPOT INC | Consumer discretionary | 291.7K | $95.9M | 0.4% | -3.3% |
| LRCX LAM RESEARCH CORP | Industrials | 421.5K | $90.2M | 0.3% | -23.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 439.5K | $89.4M | 0.3% | -1.9% |
| MU MICRON TECHNOLOGY INC | Technology | 263.7K | $89.1M | 0.3% | -49.2% |
| AMAT APPLIED MATERIALS INC | Technology | 252.1K | $86.2M | 0.3% | -3.3% |
| ORCL ORACLE CORP | Technology | 572.3K | $84.2M | 0.3% | -1.0% |
| MRK MERCK & CO. INC. | Healthcare | 693.5K | $84.0M | 0.3% | -2.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 579.0K | $83.6M | 0.3% | -5.9% |
| MS MORGAN STANLEY | Financials | 460.4K | $75.8M | 0.3% | -13.3% |
| GS GOLDMAN SACHS GROUP INC | Financials | 88.1K | $74.5M | 0.3% | -3.5% |
| KO COCA-COLA CO/THE | Consumer staples | 971.1K | $74.4M | 0.3% | -5.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 423.4K | $70.6M | 0.3% | -1.4% |
| RTX RTX CORP | Industrials | 361.3K | $69.7M | 0.3% | -6.0% |
| TJX TJX COMPANIES INC | Consumer discretionary | 430.7K | $68.8M | 0.3% | +0.4% |
| AXP AMERICAN EXPRESS CO | Financials | 227.1K | $68.7M | 0.3% | -9.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 249.9K | $67.6M | 0.3% | +1.6% |
| TXN TEXAS INSTRUMENTS INC | Technology | 347.7K | $67.5M | 0.2% | -0.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 210.5K | $65.4M | 0.2% | -7.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 430.9K | $63.0M | 0.2% | -2.8% |
| APH AMPHENOL CORP-CL A | Technology | 493.5K | $62.5M | 0.2% | +9.1% |
| ADI ANALOG DEVICES INC | Technology | 195.7K | $62.2M | 0.2% | +6.4% |
| GE GENERAL ELECTRIC | Industrials | 215.4K | $61.2M | 0.2% | -9.0% |
| WFC WELLS FARGO & CO | Financials | 755.8K | $60.2M | 0.2% | -13.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 120.9K | $59.5M | 0.2% | -6.9% |
| AMGN AMGEN INC | Healthcare | 166.2K | $58.5M | 0.2% | -1.5% |
| DE DEERE & CO | Industrials | 102.7K | $58.0M | 0.2% | -1.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 3160 | $27.04B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 3089 | $30.29B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 3101 | $25.91B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 3159 | $22.18B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 3106 | $20.00B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 3132 | $25.79B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 3084 | $16.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 3063 | $15.90B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 2916 | $15.38B | canonical | SEC ↗ |
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