SEC 13F Intelligence

Managers / Q3 2025 · view latest →

NJ State Employees Deferred Compensation Plan

CIK 0001483259 · 50 WEST STATE STREET 9TH FLOOR, PO BOX 290, TRENTON, NJ, 08625 · 609 292 5106

Reported Value
$906M
Q3 2025
Positions
437
Filings on Record
30
2019–present window
Filed
Nov 7, 2025
original filing

Summary

Nj State Employees Deferred Compensation Plan reported $906M in U.S.-listed holdings across 437 positions for Q3 2025.

Its largest position, MSFT, represents 6.5% of the portfolio.

Compared with Q2 2025, the fund opened 11 new positions and exited 11.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+34.9%
share of reported value
Largest Position
+6.5%
Microsoft
New / Exited
11 / 11
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: $480MQ4 ’18Q1 ’19: $550MQ2 ’19: $557MQ3 ’19: $547MQ4 ’19: $589MQ4 ’19Q2 ’20: $532MQ3 ’20: $557MQ4 ’20: $648MQ1 ’21: $703MQ1 ’21Q2 ’21: $752MQ3 ’21: $737MQ4 ’21: $795MQ1 ’22: $740MQ1 ’22Q2 ’22: $614MQ3 ’22: $584MQ4 ’22: $618MQ1 ’23: $648MQ1 ’23Q2 ’23: $693MQ3 ’23: $658MQ4 ’23: $727MQ1 ’24: $790MQ1 ’24Q2 ’24: $804MQ3 ’24: $842MQ4 ’24: $823MQ1 ’25: $779MQ1 ’25Q2 ’25: $846MQ3 ’25: $906MQ4 ’25: $0Q1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 97.6%REIT: 1.6%ADR: 0.4%Other: 0.3%
  • Common Stock · 97.6% · $885M
  • REIT · 1.6% · $15M
  • ADR · 0.4% · $4M
  • Other · 0.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+4.8K4.8K+$1M$1M
CATCATERPILLAR INCNEW+1.7K1.7K+$815,927$815,927
AEBI SCHMIDT HLDG AGNEW+54.1K54.1K+$674,477$674,477
SSBSOUTHSTATE BK CORPNEW+5.0K5.0K+$494,350$494,350
NXTNEXTRACKER INCNEW+3.5K3.5K+$257,707$257,707
ACLSAXCELIS TECHNOLOGIES INCNEW+2.4K2.4K+$230,235$230,235
PFGPRINCIPAL FINANCIAL GROUP INNEW+2.5K2.5K+$207,275$207,275
UHSUNIVERSAL HLTH SVCS INCNEW+1.0K1.0K+$204,440$204,440

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

Holdings — Q3 2025

436 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.46%$59M113.1K
2AAPLAPPLE INChistory →COM6.41%$58M228.0K
3NVDANVIDIA CORPORATIONhistory →COM6.09%$55M296.0K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A4.18%$38M155.8K
5AMZNAMAZON COM INChistory →COM3.40%$31M140.2K
6METAMETA PLATFORMS INChistory →CL A2.53%$23M31.2K
7JPMJPMORGAN CHASE & CO.history →COM2.02%$18M58.1K
8LLYELI LILLY & COhistory →COM1.53%$14M18.2K
9AXPAMERICAN EXPRESS COhistory →COM1.16%$10M31.6K
10ORCLORACLE CORPhistory →COM1.16%$10M37.3K
11GSGOLDMAN SACHS GROUP INChistory →COM1.02%$9M11.6K
12EXMOCEXXON MOBIL CORPCOM0.90%$8M72.4K
13JNJJOHNSON & JOHNSONCOM0.86%$8M42.0K
14LRCXLAM RESEARCH CORPCOM NEW0.78%$7M53.0K
15MRKMERCK & CO INCCOM0.74%$7M80.3K
16CSCOCISCO SYS INCCOM0.73%$7M97.0K
17COFCAPITAL ONE FINL CORPCOM0.72%$7M30.9K
18BNYBANK NEW YORK MELLON CORPCOM0.72%$7M60.0K
19BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.72%$6M12.9K
20WFCWELLS FARGO CO NEWCOM0.71%$6M77.0K
21AMATAPPLIED MATLS INCCOM0.70%$6M31.2K
22WMTWALMART INCCOM0.70%$6M61.8K
23PGPROCTER AND GAMBLE COCOM0.70%$6M41.3K
24COSTCOSTCO WHSL CORP NEWCOM0.69%$6M6.8K
25KLACKLA CORPCOM NEW0.67%$6M5.7K
26RTXRTX CORPORATIONCOM0.64%$6M34.7K
27PMPHILIP MORRIS INTL INCCOM0.63%$6M35.2K
28CVXCHEVRON CORP NEWCOM0.63%$6M36.6K
29FTAIFTAI AVIATION LTDSHS0.57%$5M30.9K
30IBMINTERNATIONAL BUSINESS MACHSCOM0.55%$5M17.8K
31MUMICRON TECHNOLOGY INCCOM0.55%$5M30.0K
32QCOMQUALCOMM INCCOM0.55%$5M30.0K
33MSIMOTOROLA SOLUTIONS INCCOM NEW0.54%$5M10.8K
34AMTAMERICAN TOWER CORP NEWCOM0.53%$5M25.2K
35GE AEROSPACECOM NEW0.52%$5M15.7K
36LINLINDE PLCSHS0.51%$5M9.7K
37MCDMCDONALDS CORPCOM0.51%$5M15.1K
38BACBANK AMERICA CORPCOM0.49%$4M86.6K
39DISDISNEY WALT COCOM0.49%$4M38.7K
40ABTABBOTT LABSCOM0.49%$4M32.9K
41BSXBOSTON SCIENTIFIC CORPCOM0.47%$4M43.6K
42DEDEERE & COCOM0.46%$4M9.1K
43CMCSACOMCAST CORP NEWCL A0.44%$4M127.0K
44HLHECLA MNG COCOM0.43%$4M325.6K
45CMGCHIPOTLE MEXICAN GRILL INCCOM0.43%$4M99.3K
46NSCNORFOLK SOUTHN CORPCOM0.42%$4M12.7K
47UNPUNION PAC CORPCOM0.42%$4M16.1K
48PHPARKER-HANNIFIN CORPCOM0.42%$4M5.0K
49NOCNORTHROP GRUMMAN CORPCOM0.41%$4M6.1K
50LOWLOWES COS INCCOM0.41%$4M14.7K
51EFXEQUIFAX INCCOM0.39%$4M13.7K
52ROKROCKWELL AUTOMATION INCCOM0.39%$3M10.0K
53RSGREPUBLIC SVCS INCCOM0.38%$3M15.0K
54TGTXTG THERAPEUTICS INCCOM0.37%$3M91.6K
55UNHUNITEDHEALTH GROUP INCCOM0.36%$3M9.5K
56EMEEMCOR GROUP INCCOM0.36%$3M5.0K
57HDHOME DEPOT INCCOM0.36%$3M8.0K
58SCHWSCHWAB CHARLES CORPCOM0.36%$3M33.8K
59MCHPMICROCHIP TECHNOLOGY INC.COM0.35%$3M50.0K
60LMBLIMBACH HLDGS INCCOM0.35%$3M33.0K
61YUMYUM BRANDS INCCOM0.35%$3M21.0K
62CDNSCADENCE DESIGN SYSTEM INCCOM0.35%$3M9.1K
63AVGOBROADCOM INCCOM0.34%$3M9.4K
64ABBVABBVIE INCCOM0.34%$3M13.2K
65NEENEXTERA ENERGY INCCOM0.33%$3M40.0K
66SEICSEI INVTS COCOM0.33%$3M35.4K
67THCTENET HEALTHCARE CORPCOM NEW0.33%$3M14.7K
68TMOTHERMO FISHER SCIENTIFIC INCCOM0.32%$3M6.0K
69GDGENERAL DYNAMICS CORPCOM0.32%$3M8.5K
70VZVERIZON COMMUNICATIONS INCCOM0.32%$3M65.0K
71COPCONOCOPHILLIPSCOM0.31%$3M30.1K
72MRSHMARSH & MCLENNAN COS INCCOM0.31%$3M14.1K
73SNPSSYNOPSYS INCCOM0.31%$3M5.7K
74KOCOCA COLA COCOM0.31%$3M42.6K
75INTCINTEL CORPCOM0.31%$3M83.0K
76MTZMASTEC INCCOM0.31%$3M13.0K
77TAT&T INCCOM0.30%$3M97.7K
78AMDADVANCED MICRO DEVICES INCCOM0.30%$3M17.0K
79IONSIONIS PHARMACEUTICALS INCCOM0.30%$3M42.0K
80MPCMARATHON PETE CORPCOM0.29%$3M13.8K
81GEVGE VERNOVA INCCOM0.29%$3M4.3K
82MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.29%$3M21.0K
83USBUS BANCORP DELCOM NEW0.29%$3M53.5K
84CBCHUBB LIMITEDCOM0.28%$3M9.0K
85HONHONEYWELL INTL INCCOM0.28%$3M12.0K
86PNCPNC FINL SVCS GROUP INCCOM0.26%$2M11.9K
87CWCOCONSOLIDATED WATER CO INCORD0.26%$2M67.0K
88TROWPRICE T ROWE GROUP INCCOM0.26%$2M23.0K
89CVCOCAVCO INDS INC DELCOM0.26%$2M4.0K
90MCKMCKESSON CORPCOM0.26%$2M3.0K
91EBAYEBAY INC.COM0.25%$2M25.0K
92CVSCVS HEALTH CORPCOM0.25%$2M29.8K
93SPXCSPX TECHNOLOGIES INCCOM0.25%$2M12.0K
94WMBWILLIAMS COS INCCOM0.24%$2M35.0K
95UNMUNUM GROUPCOM0.24%$2M28.0K
96VKTXVIKING THERAPEUTICS INCCOM0.23%$2M79.3K
97PEPPEPSICO INCCOM0.23%$2M14.8K
98ALLALLSTATE CORPCOM0.23%$2M9.6K
99TMUST-MOBILE US INCCOM0.23%$2M8.6K
100HALOHALOZYME THERAPEUTICS INCCOM0.22%$2M27.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01Apr 23, 202613F-HRchanges · EDGAR ↗
Q4 2025$01Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$906M437Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$846M437Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$779M444May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$823M462Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$842M474Nov 4, 202413F-HRchanges · EDGAR ↗
Q2 2024$804M473Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$790M481May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$727M484Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$658M482Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$693M487Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023$648M495Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$618M483Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$584M477Oct 28, 202213F-HRchanges · EDGAR ↗
Q2 2022$614M477Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$740M499May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$795M503Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$737M504Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$752M516Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$703M514Apr 26, 202113F-HRchanges · EDGAR ↗
Q4 2020$648M504Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$557M492Oct 27, 202013F-HRchanges · EDGAR ↗
Q2 2020$532M500Aug 3, 202013F-HRchanges · EDGAR ↗
Q4 2019$589M533Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$547M533Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$557M544Jul 24, 201913F-HRchanges · EDGAR ↗
Q1 2019$550M538May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$480M516Jan 24, 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 ↗.