NEW YORK STATE COMMON RETIREMENT FUND

CIK 0000810265 · Q1 2026

13F Equity AUM

$71.6B

-4.5% QoQ

Positions

2,906

-75 QoQ

AUM Rank

#185

Top 2%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,125 · Top 26%

vs S&P -1.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 23.3%Top 10: 32.6%Top 20: 41.5%

NVDA6.4%

AAPL6.1%

MSFT4.6%

AMZN3.4%

GOOGL2.9%

GOOG2.3%

AVGO2.2%

META1.9%

TSLA1.6%

JPM1.3%

Others (2896)67.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology31.6%

Financial Services12.8%

Healthcare10.3%

Communication Services9.9%

Consumer Cyclical9.8%

Industrials9.3%

Consumer Defensive4.4%

Energy3.8%

Other8.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2906Median: 0.00%Avg: 0.03%

0–0.5%

2877(53.6%)

0.5–1%

16(10.3%)

1–3%

9(15.7%)

3–5%

2(8.0%)

5%+

2(12.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 2,899Unique: 7vs 20 funds

39.7%Moderate

2,906

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

71%

GEODE CAPITAL MANAGEMENT, LLC

79.2%

STATE STREET CORP

79%

MORGAN STANLEY

51.1%

VANGUARD CAPITAL MANAGEMENT LLC

76.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

85.4%

BANK OF AMERICA CORP /DE/

50.6%

JPMORGAN CHASE & CO

44%

FMR LLC

53.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New72Increased680Decreased761Exited117

New Positions

AZN0.0%

+141K

PNFP0.0%

+269K

BVN0.0%

+301K

FMX0.0%

+147K

MTDR0.0%

+187K

YUMC0.0%

+264K

KINIKSA PHARM INTL P…0.0%

+210K

PIPER SANDLER COMPAN…0.0%

+117K

PR0.0%

+348K

VSNT0.0%

+165K

Increased

COMP0.0%

+1.0M(+77%)

NOK0.0%

+948K(+60%)

HDB0.1%

+818K(+76%)

SSP0.0%

+665K(+31%)

RYN0.0%

+494K(+496%)

BWIN0.0%

+478K(+218%)

LYG0.0%

+452K(+1750%)

HLF0.0%

+446K(+1388%)

SSRM0.0%

+390K(+614%)

AM0.0%

+358K(+69%)

Decreased

BBD0.0%

-3,077,856(-37%)

SMWB0.0%

-834,141(-98%)

GENI0.0%

-832,689(-93%)

REAL0.0%

-772,540(-96%)

NU0.1%

-694,004(-17%)

EXTR0.0%

-606,639(-94%)

DBRG0.0%

-592,268(-91%)

INFY0.0%

-459,663(-63%)

BZ0.0%

-458,934(-88%)

BVXB0.1%

-455,690(-9%)

Exited

-243,270

-210,376

-318,693

-10,728

-6,320

-274,217

-1,036,700

-40,778

-96,294

-74,819

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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