SEC 13F Intelligence

Managers / Q2 2025 · view latest →

NEW MEXICO EDUCATIONAL RETIREMENT BOARD

CIK 0000862469 · P O BOX 26129, 5211 LAS SOLERAS DRIVE, SANTA FE, NM, 87507 · 505-984-5055

Reported Value
$3.1B
Q2 2025
Positions
906
Filings on Record
31
2019–present window
Filed
Jul 30, 2025
original filing

Summary

New Mexico Educational Retirement Board reported $3.1B in U.S.-listed holdings across 906 positions for Q2 2025.

Its largest position, NVDA, represents 5.9% of the portfolio.

Compared with Q1 2025, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+5.9%
Nvidia
New / Exited
5 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $2.3BQ1 ’19Q2 ’19: $2.3BQ3 ’19: $2.2BQ4 ’19: $2.4BQ2 ’20: $2.1BQ2 ’20Q3 ’20: $2.1BQ4 ’20: $2.4BQ1 ’21: $2.5BQ2 ’21: $2.9BQ2 ’21Q3 ’21: $2.9BQ4 ’21: $3.0BQ1 ’22: $2.7BQ2 ’22: $2.1BQ2 ’22Q3 ’22: $1.8BQ4 ’22: $1.9BQ1 ’23: $2.0BQ2 ’23: $2.3BQ2 ’23Q3 ’23: $2.3BQ4 ’23: $2.6BQ1 ’24: $2.8BQ2 ’24: $2.9BQ2 ’24Q3 ’24: $3.0BQ4 ’24: $3.0BQ1 ’25: $2.8BQ2 ’25: $3.1BQ2 ’25Q4 ’25: $3.4BQ1 ’26: $3.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 96.9%REIT: 2.9%Other: 0.2%
  • Common Stock · 96.9% · $3.0B
  • REIT · 2.9% · $87M
  • Other · 0.2% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OKTAOKTA INCNEW+33.6K33.6K+$3M$3M
COINCOINBASE GLOBAL INC CLASS ANEW+9.1K9.1K+$3M$3M
APGAPI GROUP CORPNEW+49.9K49.9K+$3M$3M
PEGAPEGASYSTEMS INCNEW+18.0K18.0K+$974,000$974,000
RALRALLIANT CORPNEW+5.4K5.4K+$262,000$262,000
ORLYO REILLY AUTOMOTIVE INCADDED+37.7K40.4K−$217,000$4M
COKECOCA COLA CONSOLIDATED INCADDED+10.8K12.0K−$280,000$1M
IBKRINTERACTIVE BROKERS GRO CL AADDED+66.7K88.9K+$1M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

499 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM5.91%$181M1.15M
2MSFTMICROSOFT CORPhistory →COM5.64%$173M347.4K
3AAPLAPPLE INChistory →COM4.70%$144M701.9K
4AMZNAMAZON.COM INChistory →COM3.16%$97M440.7K
5GOOGLALPHABET INC CL ACOM2.86%$88M495.4K
6METAMETA PLATFORMS INC CLASS Ahistory →COM2.45%$75M101.8K
7AVGOBROADCOM INChistory →COM1.96%$60M218.3K
8BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →COM1.36%$42M85.7K
9TSLATESLA INChistory →COM1.35%$41M130.5K
10JPMJPMORGAN CHASE COhistory →COM1.24%$38M131.6K
11LLYELI LILLY COhistory →COM0.94%$29M36.8K
12VVISA INC CLASS A SHAREShistory →COM0.94%$29M80.7K
13NFLXNETFLIX INChistory →COM0.88%$27M20.0K
14EXMOCEXXON MOBIL CORPhistory →COM0.72%$22M205.4K
15MAMASTERCARD INC Ahistory →COM0.70%$22M38.3K
16COSTCOSTCO WHOLESALE CORPhistory →COM0.67%$20M20.7K
17WMTWALMART INChistory →COM0.65%$20M202.9K
18PGPROCTER GAMBLE CO/THEhistory →COM0.57%$18M110.1K
19JNJJOHNSON JOHNSONhistory →COM0.56%$17M112.5K
20HDHOME DEPOT INChistory →COM0.56%$17M46.4K
21ORCLORACLE CORPhistory →COM0.54%$16M75.1K
22ABBVABBVIE INChistory →COM0.50%$15M82.6K
23BACBANK OF AMERICA CORPhistory →COM0.48%$15M312.0K
24UNHUNITEDHEALTH GROUP INChistory →COM0.44%$13M43.0K
25PMPHILIP MORRIS INTERNATIONALhistory →COM0.43%$13M72.7K
26PLTRPALANTIR TECHNOLOGIES INC Ahistory →COM0.43%$13M95.8K
27GENERAL ELECTRICCOM0.42%$13M50.6K
28CSCOCISCO SYSTEMS INChistory →COM0.42%$13M186.3K
29KOCOCA COLA CO/THEhistory →COM0.42%$13M181.2K
30IBMINTL BUSINESS MACHINES CORPhistory →COM0.42%$13M43.2K
31WFCWELLS FARGO COhistory →COM0.41%$12M155.6K
32CRMSALESFORCE INChistory →COM0.40%$12M44.7K
33CVXCHEVRON CORPhistory →COM0.37%$11M78.1K
34ABTABBOTT LABORATORIEShistory →COM0.36%$11M81.1K
35AMDADVANCED MICRO DEVICEShistory →COM0.35%$11M75.8K
36DISWALT DISNEY CO/THEhistory →COM0.34%$10M84.7K
37LINLINDE PLChistory →COM0.34%$10M22.2K
38GSGOLDMAN SACHS GROUP INChistory →COM0.34%$10M14.7K
39INTUINTUIT INChistory →COM0.34%$10M13.1K
40NOWSERVICENOW INCCOM0.32%$10M9.7K
41MCDMCDONALD S CORPCOM0.32%$10M33.5K
42TAT T INCCOM0.32%$10M335.4K
43MRKMERCK CO. INC.COM0.31%$9M118.2K
44UBERUBER TECHNOLOGIES INCCOM0.30%$9M98.4K
45RTXRTX CORPCOM0.30%$9M62.2K
46ISRGINTUITIVE SURGICAL INCCOM0.30%$9M16.6K
47BKNGBOOKING HOLDINGS INCCOM0.29%$9M1.5K
48TXNTEXAS INSTRUMENTS INCCOM0.29%$9M42.7K
49CATCATERPILLAR INCCOM0.29%$9M22.6K
50ACNACCENTURE PLC CL ACOM0.29%$9M29.3K
51VZVERIZON COMMUNICATIONS INCCOM0.28%$9M196.8K
52PEPPEPSICO INCCOM0.28%$8M64.1K
53AXPAMERICAN EXPRESS COCOM0.27%$8M26.0K
54QCOMQUALCOMM INCCOM0.27%$8M52.0K
55MSMORGAN STANLEYCOM0.27%$8M58.0K
56ADBEADOBE INCCOM0.26%$8M20.6K
57SPGIS P GLOBAL INCCOM0.26%$8M14.9K
58CCITIGROUP INCCOM0.25%$8M88.4K
59BSXBOSTON SCIENTIFIC CORPCOM0.24%$7M68.9K
60BABOEING CO/THECOM0.24%$7M34.9K
61PGRPROGRESSIVE CORPCOM0.24%$7M27.4K
62SCHWSCHWAB (CHARLES) CORPCOM0.24%$7M79.7K
63TMOTHERMO FISHER SCIENTIFIC INCCOM0.24%$7M17.9K
64BLKBLACKROCK INCCOM0.23%$7M6.8K
65HONHONEYWELL INTERNATIONAL INCCOM0.23%$7M30.4K
66AMATAPPLIED MATERIALS INCCOM0.23%$7M38.5K
67AMGNAMGEN INCCOM0.23%$7M25.1K
68GEVGE VERNOVA INCCOM0.22%$7M12.9K
69NEENEXTERA ENERGY INCCOM0.22%$7M96.1K
70ETNEATON CORP PLCCOM0.22%$7M18.5K
71UNPUNION PACIFIC CORPCOM0.21%$7M28.3K
72TJXTJX COMPANIES INCCOM0.21%$7M52.7K
73GILDGILEAD SCIENCES INCCOM0.21%$6M58.2K
74PFEPFIZER INCCOM0.21%$6M264.8K
75MUMICRON TECHNOLOGY INCCOM0.21%$6M51.8K
76CMCSACOMCAST CORP CLASS ACOM0.21%$6M178.4K
77SYKSTRYKER CORPCOM0.21%$6M16.0K
78COFCAPITAL ONE FINANCIAL CORPCOM0.21%$6M29.8K
79PANWPALO ALTO NETWORKS INCCOM0.20%$6M30.6K
80DEDEERE COCOM0.20%$6M11.9K
81DHRDANAHER CORPCOM0.19%$6M30.0K
82LOWLOWE S COS INCCOM0.19%$6M26.5K
83ADPAUTOMATIC DATA PROCESSINGCOM0.19%$6M19.0K
84LRCXLAM RESEARCH CORPCOM0.19%$6M60.1K
85KLACKLA CORPCOM0.18%$6M6.3K
86APHAMPHENOL CORP CL ACOM0.18%$6M56.4K
87CRWDCROWDSTRIKE HOLDINGS INC ACOM0.18%$6M10.9K
88ADIANALOG DEVICES INCCOM0.18%$6M23.2K
89COPCONOCOPHILLIPSCOM0.18%$5M60.5K
90TMUST MOBILE US INCCOM0.18%$5M22.8K
91VRTXVERTEX PHARMACEUTICALS INCCOM0.17%$5M12.0K
92MDTMEDTRONIC PLCCOM0.17%$5M59.9K
93CBCHUBB LTDCOM0.17%$5M17.5K
94BXBLACKSTONE INCCOM0.16%$5M33.7K
95MRSHMARSH MCLENNAN COSCOM0.16%$5M22.9K
96EMEEMCOR GROUP INCCOM0.16%$5M9.3K
97ANETARISTA NETWORKS INCCOM0.16%$5M48.3K
98ICEINTERCONTINENTAL EXCHANGE INCOM0.16%$5M26.9K
99IBKRINTERACTIVE BROKERS GRO CL ACOM0.16%$5M88.9K
100SBUXSTARBUCKS CORPCOM0.16%$5M53.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.3B908May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.4B908Feb 10, 202613F-HRchanges · EDGAR ↗
Q2 2025$3.1B906Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.8B905Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B905Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.0B906Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.9B907Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.8B905Apr 23, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2023$2.6B905Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.3B905Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.3B905Jul 17, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.0B907May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.9B905Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.8B904Oct 18, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.1B904Jul 21, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.7B905Apr 1, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.0B905Jan 19, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.9B906Oct 19, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.9B906Jul 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.5B906Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.4B907Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.1B907Oct 28, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$2.1B905Aug 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.4B906Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.2B908Nov 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.3B906Aug 6, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.3B908Apr 17, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.