SEC 13F Intelligence

Managers / Q4 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
$3.4B
Q4 2025
Positions
908
Filings on Record
32
2019–present window
Filed
Feb 10, 2026
original filing

Summary

New Mexico Educational Retirement Board reported $3.4B in U.S.-listed holdings across 908 positions for Q4 2025.

Its largest position, NVDA, represents 6.2% of the portfolio.

Compared with Q2 2025, the fund opened 35 new positions and exited 34.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+31.4%
share of reported value
Largest Position
+6.2%
Nvidia Corp Com
New / Exited
35 / 34
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
Q4 ’18: $2.1BQ4 ’18Q1 ’19: $2.3BQ2 ’19: $2.3BQ3 ’19: $2.2BQ4 ’19: $2.4BQ4 ’19Q2 ’20: $2.1BQ3 ’20: $2.1BQ4 ’20: $2.4BQ1 ’21: $2.5BQ1 ’21Q2 ’21: $2.9BQ3 ’21: $2.9BQ4 ’21: $3.0BQ1 ’22: $2.7BQ1 ’22Q2 ’22: $2.1BQ3 ’22: $1.8BQ4 ’22: $1.9BQ1 ’23: $2.0BQ1 ’23Q2 ’23: $2.3BQ3 ’23: $2.3BQ4 ’23: $2.6BQ1 ’24: $2.8BQ1 ’24Q2 ’24: $2.9BQ3 ’24: $3.0BQ4 ’24: $3.0BQ1 ’25: $2.8BQ1 ’25Q2 ’25: $3.1BQ4 ’25: $3.4BQ1 ’26: $3.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 97.2%REIT: 2.6%Other: 0.2%Equity WRT: 0.0%
  • Common Stock · 97.2% · $3.3B
  • REIT · 2.6% · $88M
  • Other · 0.2% · $7M
  • Equity WRT · 0.0% · $25,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
APPAPPLOVIN CORP COM CL A COM CL ANEW+12.4K12.4K+$8M$8M
TWLOTWILIO INC CL A CL ANEW+31.4K31.4K+$4M$4M
HOODROBINHOOD MKTS INC COM CL A COM CL ANEW+36.1K36.1K+$4M$4M
CRHCRH ORD EUR 032NEW+30.7K30.7K+$4M$4M
FTITECHNIPFMC PLC COM USD1NEW+83.7K83.7K+$4M$4M
TLNTALEN ENERGY CORP NEW COMNEW+9.4K9.4K+$4M$4M
TRUTRANSUNION COMNEW+39.7K39.7K+$3M$3M
PINSPINTEREST INC CL A CL ANEW+122.0K122.0K+$3M$3M

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

Holdings — Q4 2025

500 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORP COMhistory →COM6.21%$208M1.12M
2AAPLAPPLE INC COM STKhistory →COM5.49%$184M677.1K
3MSFTMICROSOFT CORP COMhistory →COM4.93%$165M341.9K
4AMZNAMAZON COM INC COMhistory →COM3.06%$103M444.5K
5GOOGLALPHABET INC CAPITAL STOCK USD0001 CL Ahistory →COM2.49%$83M266.6K
6AVGOBROADCOM INC COMhistory →COM2.24%$75M216.6K
7GOOGALPHABET INC CAP STK USD0001 CL Chistory →COM1.98%$66M211.7K
8METAMETA PLATFORMS INC COM USD0000006 CL Ahistory →COM1.97%$66M100.0K
9TSLATESLA INC COM USD0001history →COM1.73%$58M128.8K
10BRK/BBERKSHIRE HATHAWAY INC COMhistory →COM1.27%$42M84.5K
11JPMJPMORGAN CHASE CO COMhistory →COM1.22%$41M126.7K
12LLYELI LILLY CO COM NPVhistory →COM1.17%$39M36.4K
13VVISA INC COM CL A STKhistory →COM0.82%$28M78.6K
14EXMOCEXXON MOBIL CORP COMhistory →COM0.71%$24M197.7K
15JNJJOHNSON JOHNSON COM USD1history →COM0.69%$23M111.7K
16WMTWALMART INC COMhistory →COM0.67%$22M201.5K
17MAMASTERCARD INCORPORATED COM USD00001 CLhistory →COM0.65%$22M37.9K
18PLTRPALANTIR TECHNOLOGIES INC CL A CL Ahistory →COM0.56%$19M104.7K
19ABBVABBVIE INC COM USD001history →COM0.55%$19M81.3K
20NFLXNETFLIX INC COM STKhistory →COM0.54%$18M192.2K
21COSTCOSTCO WHOLESALE CORP NEW COMhistory →COM0.52%$17M20.2K
22BACBANK OF AMERICA CORPhistory →COM0.51%$17M313.3K
23AMDADVANCED MICRO DEVICES INC COMMONhistory →COM0.47%$16M73.3K
24HDHOME DEPOT INC COMMON STOCKhistory →COM0.47%$16M45.5K
25PGPROCTER GAMBLE COM NPVhistory →COM0.46%$15M107.5K
26MUMICRON TECHNOLOGY INC COMMON STOCKhistory →COM0.45%$15M52.9K
27GE AEROSPACECOM0.45%$15M48.9K
28ORCLORACLE CORPORATION COMhistory →COM0.45%$15M76.6K
29UNHUNITEDHEALTH GROUP INC COMhistory →COM0.42%$14M42.4K
30CSCOCISCO SYSTEMS INC COMMON STOCKhistory →COM0.42%$14M181.0K
31WFCWELLS FARGO CO NEW COM STKhistory →COM0.41%$14M146.9K
32CVXCHEVRON CORP COMhistory →COM0.40%$13M87.6K
33IBMINTERNATIONAL BUSINESS MACHS CORP COMhistory →COM0.38%$13M43.1K
34CATCATERPILLAR INC COMMON STOCK NO PARhistory →COM0.37%$13M21.9K
35KOCOCA COLA CO COMhistory →COM0.37%$12M178.3K
36GSGOLDMAN SACHS GROUP INC COMhistory →COM0.37%$12M14.0K
37MRKMERCK CO INC NEW COMhistory →COM0.36%$12M114.6K
38CRMSALESFORCE INC COM USD0001history →COM0.35%$12M44.1K
39RTXRTX CORPORATION COMSTKhistory →COM0.34%$11M61.3K
40PMPHILIP MORRIS INTL COM STK NPVhistory →COM0.33%$11M68.5K
41TMOTHERMO FISHER SCIENTIFIC INC COM USD1history →COM0.31%$10M17.8K
42ABTABBOTT LABORATORIES COMMON STOCKhistory →COM0.30%$10M80.2K
43MCDMC DONALDS CORP COMMON STOCK NO PARCOM0.30%$10M32.6K
44MSMORGAN STANLEY COM STK USD001COM0.30%$10M56.1K
45LRCXLAM RESH CORP COM NEWCOM0.30%$10M57.8K
46CCITIGROUP INC COM NEW COM NEWCOM0.30%$10M84.8K
47ISRGINTUITIVE SURGICAL INC COM NEW STKCOM0.28%$10M16.8K
48DISWALT DISNEY COCOM0.28%$9M82.6K
49AMATAPPLIED MATERIALS INC COMMON STOCKCOM0.28%$9M35.9K
50AXPAMERICAN EXPRESS CO COMMON STOCK 60COM0.27%$9M24.8K
51LINLINDE PLCCOM0.27%$9M21.2K
52PEPPEPSICO INC COMCOM0.27%$9M62.7K
53QCOMQUALCOMM INC COMCOM0.25%$8M49.6K
54INTUINTUIT COMCOM0.25%$8M12.8K
55APPAPPLOVIN CORP COM CL A COM CL ACOM0.25%$8M12.4K
56TATT INC COMCOM0.24%$8M327.5K
57AMGNAMGEN INC COMMON STOCKCOM0.24%$8M24.8K
58GEVGE VERNOVA LLC COMCOM0.24%$8M12.3K
59UBERUBER TECHNOLOGIES INC COM USD000001COM0.24%$8M96.5K
60VZVERIZON COMMUNICATIONS COMCOM0.24%$8M193.6K
61SCHWSCHWAB CHARLES CORP COMMON STOCK NEWCOM0.23%$8M78.7K
62TJXTJX COS INC COMMON NEWCOM0.23%$8M50.8K
63NEENEXTERA ENERGY INC COMCOM0.23%$8M97.0K
64BKNGBOOKING HLDGS INC COMCOM0.23%$8M1.4K
65ACNACCENTURE PLC CLS ACOM0.23%$8M28.6K
66APHAMPHENOL CORP NEW CL ACOM0.23%$8M56.1K
67SPGISP GLOBAL INC COMCOM0.22%$8M14.4K
68BABOEING CO COM USD500COM0.22%$7M34.5K
69INTCINTEL CORP COMCOM0.22%$7M200.4K
70NOWSERVICENOW INC COM USD0001COM0.22%$7M47.8K
71TXNTEXAS INSTRUMENTS INC COMCOM0.22%$7M42.0K
72KLACKLA CORPORATION COM USD0001COM0.21%$7M5.9K
73COFCAPITAL ONE FINL CORP COMCOM0.21%$7M29.4K
74GILDGILEAD SCIENCES INCCOM0.21%$7M57.5K
75BLKBLACKROCK INC NEW COMCOM0.21%$7M6.6K
76DHRDANAHER CORP COMMON STOCK 01 PARCOM0.20%$7M29.9K
77CIENCIENA CORP COM NEWCOM0.20%$7M29.2K
78ADBEADOBE INC COMCOM0.20%$7M19.3K
79BSXBOSTON SCIENTIFIC CORP COMCOM0.20%$7M68.8K
80PFEPFIZER INC COMCOM0.19%$7M262.0K
81ANETARISTA NETWORKS INC COM NEWCOM0.19%$6M48.3K
82UNPUNION PAC CORP COMCOM0.19%$6M27.3K
83ADIANALOG DEVICES INC COMMON STOCKCOM0.19%$6M23.0K
84LOWLOWES COS INC COMMON STOCK 50 PARCOM0.18%$6M25.6K
85PGRPROGRESSIVE CORP OHIO COMMON STOCKCOM0.18%$6M27.0K
86COHRCOHERENT CORP COMCOM0.18%$6M32.2K
87MDTMEDTRONIC PLC COMMON STOCKCOM0.17%$6M59.6K
88WELLWELLTOWER INC COM REITCOM0.17%$6M30.7K
89ETNEATON CORP PLC COM USD050COM0.17%$6M17.8K
90HONHONEYWELL INTL INC COM STKCOM0.17%$6M29.0K
91PANWPALO ALTO NETWORKS INC COM USD00001COM0.17%$6M30.4K
92SYKSTRYKER CORPCOM0.17%$6M15.9K
93PLDPROLOGIS INC COMCOM0.16%$5M42.9K
94DEDEERE CO COMMON STOCK 1 PARCOM0.16%$5M11.5K
95COPCONOCOPHILLIPS COMCOM0.16%$5M57.2K
96CBCHUBB LTD ORD CHF2415COM0.16%$5M17.1K
97LITELUMENTUM HLDGS INC COMCOM0.16%$5M14.5K
98CEGCONSTELLATION ENERGY CORPORATION COM NPVCOM0.16%$5M15.0K
99VRTXVERTEX PHARMACEUTICALS INC COMCOM0.16%$5M11.7K
100CRWDCROWDSTRIKE HLDGS INC CL A CL ACOM0.16%$5M11.3K

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 ↗
Q4 2018$2.1B906Jan 28, 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 ↗.