State of New Jersey Common Pension Fund D

CIK 0001483066 · Q1 2026

13F Equity AUM

$25.9B

-6.3% QoQ

Positions

1,549

+77 QoQ

AUM Rank

#344

Top 3%

Skill Alpha (FF)

-0.6%/yr^ns

No Clear Edge

Rank #3,099 · Top 38%

vs S&P -3.0%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 20.2%Top 10: 30.4%Top 20: 40.6%

NVDA5.6%

AAPL4.9%

MSFT3.4%

IEMG3.4%

VNQ2.9%

AMZN2.6%

GOOGL2.2%

GOOG1.9%

AVGO1.8%

META1.6%

Others (1539)69.6%

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

Sector Allocation

Technology26.4%

Financial Services23.6%

Consumer Cyclical8.6%

Communication Services8.3%

Healthcare8.2%

Industrials7.7%

Real Estate4.2%

Consumer Defensive3.9%

Other9.4%

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

Position Sizing

Positions: 1549Median: 0.01%Avg: 0.06%

0–0.5%

1521(54.8%)

0.5–1%

13(9.0%)

1–3%

11(18.9%)

3–5%

3(11.7%)

5%+

1(5.6%)

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

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Portfolio Overlap

Shared: 1,543Unique: 6vs 20 funds

21.1%Moderate

1,549

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)

MORGAN STANLEY

29.2%

BlackRock, Inc.

38.2%

BANK OF AMERICA CORP /DE/

32%

STATE STREET CORP

43.7%

JPMORGAN CHASE & CO

30.5%

GEODE CAPITAL MANAGEMENT, LLC

42.6%

VANGUARD CAPITAL MANAGEMENT LLC

42.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

50.6%

FMR LLC

45.6%

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

New129Increased423Decreased502Exited52

New Positions

FLHY0.1%

+1.0M

EMLC0.1%

+500K

KT0.0%

+489K

GLOB0.0%

+244K

AMCOR PLC0.0%

+151K

PNFP0.0%

+50K

CENX0.0%

+43K

DCO0.0%

+18K

CPRI0.0%

+105K

RELY0.0%

+131K

Increased

PJX0.1%

+876K(+87%)

PYLD0.2%

+750K(+50%)

INDA1.0%

+690K(+14%)

PHYL0.3%

+450K(+26%)

GNL0.0%

+234K(+135%)

HBAN0.0%

+203K(+48%)

HDB0.3%

+188K(+8%)

PEB0.0%

+179K(+121%)

FALN0.1%

+175K(+50%)

OPEN0.0%

+170K(+54%)

Decreased

IEMG3.4%

-10,102,316(-45%)

SPHY0.1%

-2,000,000(-56%)

SJNK0.0%

-1,600,000(-80%)

USHY0.1%

-1,100,000(-58%)

SHYG0.0%

-750,000(-75%)

QLTA0.1%

-400,000(-53%)

SPIB0.2%

-300,000(-18%)

CLOZ0.0%

-291,593(-97%)

TME0.0%

-178,573(-23%)

YMM0.0%

-126,276(-25%)

Exited

-23,124

-757,369

-65,559

-146,625

-43,051

-82,135

-100,133

-71,466

-87,535

-47,813

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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