Police & Firemen's Retirement System of New Jersey
Long book
$11.71B
Q1 2026
Positions
3135
Top-10 weight
26%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsPolice & Firemen's Retirement System of New Jersey is a mechanically diversified allocator, running a $11.71B US long book across 3135 positions.
The portfolio is moderately concentrated (top 10 ≈ 26% 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 6 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-4.5%
Q1 2025
+10.6%
Q2 2025
+8.5%
Q3 2025
+2.4%
Q4 2025
-2.9%
Q1 2026
+14.9%
Sector allocation
Technology 34%
Financials 13%
Industrials 12%
Healthcare 9%
Consumer discretionary 9%
Services media 5%
Energy 4%
Other 4%
Long book by quarter
What does Police & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 3.6M | $628.5M | 5.4% | +0.5% |
| AAPL APPLE INC | Technology | 2.2M | $563.0M | 4.8% | -0.7% |
| MSFT MICROSOFT CORP | Technology | 1.1M | $422.8M | 3.6% | +0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.5M | $307.6M | 2.6% | +0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 894.1K | $257.1M | 2.2% | +0.6% |
| AVGO BROADCOM INC | Technology | 711.1K | $220.1M | 1.9% | +0.5% |
| GOOG ALPHABET INC-CL C | Technology | 729.7K | $209.3M | 1.8% | +0.4% |
| META META PLATFORMS INC-CLASS A | Technology | 336.2K | $192.4M | 1.6% | +0.5% |
| TSLA TESLA INC | Industrials | 434.5K | $161.5M | 1.4% | +0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 284.1K | $136.2M | 1.2% | +0.5% |
| JPM JPMORGAN CHASE & CO | Financials | 417.7K | $122.9M | 1.0% | +0.4% |
| LLY ELI LILLY & CO | Healthcare | 123.4K | $113.5M | 1.0% | +0.5% |
| XOM EXXON MOBIL CORP | Energy | 650.6K | $110.4M | 0.9% | +0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 370.8K | $90.6M | 0.8% | +0.6% |
| WMT WALMART INC | Consumer discretionary | 670.4K | $83.3M | 0.7% | +0.6% |
| V VISA INC-CLASS A SHARES | Services media | 259.4K | $78.4M | 0.7% | +0.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 68.3K | $68.0M | 0.6% | +0.4% |
| NFLX NETFLIX INC | Services media | 652.8K | $62.8M | 0.5% | +0.5% |
| MA MASTERCARD INC - A | Services media | 123.8K | $61.8M | 0.5% | +0.5% |
| CVX CHEVRON CORP | Energy | 288.4K | $59.7M | 0.5% | +0.4% |
| ABBV ABBVIE INC | Healthcare | 272.8K | $59.3M | 0.5% | +0.5% |
| MU MICRON TECHNOLOGY INC | Technology | 171.9K | $58.1M | 0.5% | +0.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 362.0K | $52.3M | 0.4% | +0.7% |
| CAT CATERPILLAR INC | Industrials | 71.3K | $50.5M | 0.4% | +0.4% |
| HD HOME DEPOT INC | Consumer discretionary | 153.4K | $50.5M | 0.4% | +0.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 247.8K | $50.4M | 0.4% | +0.4% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 336.8K | $49.3M | 0.4% | +0.6% |
| BAC BANK OF AMERICA CORP | Financials | 1.0M | $49.2M | 0.4% | -0.9% |
| CSCO CISCO SYSTEMS INC | Technology | 612.5K | $47.5M | 0.4% | +0.4% |
| MRK MERCK & CO. INC. | Healthcare | 382.6K | $46.0M | 0.4% | -1.0% |
| KO COCA-COLA CO/THE | Consumer staples | 598.2K | $45.5M | 0.4% | +0.4% |
| GE GENERAL ELECTRIC | Industrials | 160.2K | $45.4M | 0.4% | +0.4% |
| AMAT APPLIED MATERIALS INC | Technology | 122.0K | $41.7M | 0.4% | -0.8% |
| LRCX LAM RESEARCH CORP | Industrials | 193.1K | $41.3M | 0.4% | +0.5% |
| RTX RTX CORP | Industrials | 206.1K | $39.8M | 0.3% | +0.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 239.9K | $39.7M | 0.3% | +0.5% |
| AZN ASTRAZENECA PLC | Healthcare | 202.7K | $39.3M | 0.3% | New |
| SNDK SANDISK CORP | Technology | 61.2K | $38.9M | 0.3% | +6.9% |
| GS GOLDMAN SACHS GROUP INC | Financials | 45.3K | $38.3M | 0.3% | +0.5% |
| ORCL ORACLE CORP | Technology | 259.1K | $38.1M | 0.3% | +0.5% |
| WFC WELLS FARGO & CO | Financials | 476.3K | $37.9M | 0.3% | -1.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 140.1K | $37.9M | 0.3% | +0.5% |
| GEV GE VERNOVA INC | Industrials | 41.5K | $36.2M | 0.3% | -0.7% |
| LIN LINDE PLC | Materials | 72.1K | $35.8M | 0.3% | +0.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 143.3K | $34.7M | 0.3% | +0.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 110.1K | $34.2M | 0.3% | +0.5% |
| PEP PEPSICO INC | Consumer staples | 211.1K | $32.8M | 0.3% | +0.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 649.7K | $32.6M | 0.3% | +0.2% |
| T AT&T INC | Communications | 1.1M | $30.9M | 0.3% | +0.6% |
| C CITIGROUP INC | Financials | 267.0K | $30.3M | 0.3% | -1.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 3135 | $11.71B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 3156 | $12.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 3166 | $159.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 3148 | $10.76B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 3071 | $9.89B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 3015 | $10.28B | canonical | SEC ↗ |
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