SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Louisiana State Employees Retirement System

CIK 0001537191 · 8401 UNITED PLAZA BLVD., BATON ROUGE, LA, 70809 · 225-922-0600

Reported Value
$5.0B
Q1 2025
Positions
1,603
Filings on Record
30
2019–present window
Filed
May 1, 2025
original filing

Summary

Louisiana State Employees Retirement System reported $5.0B in U.S.-listed holdings across 1,603 positions for Q1 2025.

Its largest position, AAPL, represents 5.5% of the portfolio.

Compared with Q4 2024, the fund opened 28 new positions and exited 23.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+27.6%
share of reported value
Largest Position
+5.5%
Apple
New / Exited
28 / 23
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: $1.8BQ4 ’18Q1 ’19: $2.0BQ2 ’19: $2.0BQ3 ’19: $1.9BQ4 ’19: $2.0BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $1.7BQ3 ’20: $2.2BQ4 ’20: $3.5BQ4 ’20Q1 ’21: $3.8BQ2 ’21: $4.1BQ3 ’21: $4.1BQ4 ’21: $4.6BQ4 ’21Q1 ’22: $4.2BQ2 ’22: $3.7BQ3 ’22: $3.4BQ2 ’23: $4.5BQ2 ’23Q3 ’23: $4.4BQ4 ’23: $4.8BQ1 ’24: $5.1BQ2 ’24: $5.2BQ2 ’24Q3 ’24: $5.4BQ4 ’24: $5.3BQ1 ’25: $5.0BQ2 ’25: $5.5BQ2 ’25Q3 ’25: $6.0BQ4 ’25: $5.8BQ1 ’26: $5.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.2%REIT: 3.3%ETP: 1.1%Other: 0.2%ADR: 0.2%
  • Common Stock · 95.2% · $4.8B
  • REIT · 3.3% · $165M
  • ETP · 1.1% · $57M
  • Other · 0.2% · $11M
  • ADR · 0.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LRCXLAM RESEARCH CORPNEW+162.8K162.8K+$12M$12M
BLKBLACKROCK INCNEW+7.8K7.8K+$7M$7M
GWREGUIDEWIRE SOFTWARE INCNEW+23.4K23.4K+$4M$4M
ANETARISTA NETWORKS INCNEW+55.6K55.6K+$4M$4M
ENTGENTEGRIS INCNEW+42.3K42.3K+$4M$4M
SNDKSANDISK CORPNEW+54.3K54.3K+$3M$3M
RHPRYMAN HOSPITALITY PPTYS INCNEW+28.2K28.2K+$3M$3M
ACIALBERTSONS COS INCNEW+113.6K113.6K+$2M$2M

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

Holdings — Q1 2025

431 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.54%$279M1.25M
2MSFTMICROSOFT CORPhistory →COM4.63%$233M620.5K
3NVDANVIDIA CORPORATIONhistory →COM4.40%$221M2.04M
4AMZNAMAZON COM INChistory →COM3.11%$156M822.0K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.79%$141M904.3K
6METAMETA PLATFORMS INChistory →CL A2.10%$105M182.8K
7AVGOBROADCOM INChistory →COM1.61%$81M482.3K
8TSLATESLA INChistory →COM1.33%$67M258.4K
9COSTCOSTCO WHSL CORP NEWhistory →COM1.06%$53M56.3K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.04%$53M98.6K
11NFLXNETFLIX INChistory →COM1.01%$51M54.3K
12SPYMSPDR SER TRPORTFOLIO S&P500 · PORTFOLIO S&P4000.85%$43M693.9K
13JPMJPMORGAN CHASE & CO.history →COM0.73%$37M150.4K
14LLYELI LILLY & COhistory →COM0.70%$35M42.4K
15VVISA INChistory →COM CL A0.65%$32M92.7K
16CSCOCISCO SYS INChistory →COM0.62%$31M504.8K
17TMUST-MOBILE US INChistory →COM0.58%$29M109.2K
18LINLINDE PLChistory →SHS0.56%$28M60.1K
19EXMOCEXXON MOBIL CORPhistory →COM0.55%$28M234.1K
20PEPPEPSICO INChistory →COM0.52%$26M174.0K
21UNHUNITEDHEALTH GROUP INChistory →COM0.52%$26M49.5K
22MAMASTERCARD INCORPORATEDhistory →CL A0.48%$24M43.8K
23PLTRPALANTIR TECHNOLOGIES INChistory →CL A0.46%$23M274.5K
24ISRGINTUITIVE SURGICAL INChistory →COM NEW0.45%$22M45.3K
25INTUINTUIThistory →COM0.43%$22M35.5K
26QCOMQUALCOMM INChistory →COM0.43%$22M140.3K
27PGPROCTER AND GAMBLE COhistory →COM0.43%$21M126.1K
28JNJJOHNSON & JOHNSONhistory →COM0.43%$21M129.5K
29AMGNAMGEN INChistory →COM0.42%$21M68.1K
30ADBEADOBE INChistory →COM0.42%$21M55.2K
31AMDADVANCED MICRO DEVICES INChistory →COM0.42%$21M205.6K
32TXNTEXAS INSTRS INChistory →COM0.41%$21M115.5K
33WMTWALMART INChistory →COM0.41%$20M233.3K
34ABBVABBVIE INChistory →COM0.40%$20M94.9K
35HDHOME DEPOT INChistory →COM0.39%$20M53.4K
36BKNGBOOKING HOLDINGS INChistory →COM0.38%$19M4.2K
37GILDGILEAD SCIENCES INChistory →COM0.35%$18M158.0K
38CMCSACOMCAST CORP NEWhistory →CL A0.35%$18M478.3K
39HONHONEYWELL INTL INChistory →COM0.35%$17M82.5K
40VRTXVERTEX PHARMACEUTICALS INChistory →COM0.31%$16M32.6K
41ADPAUTOMATIC DATA PROCESSING INhistory →COM0.31%$16M51.6K
42CVXCHEVRON CORP NEWhistory →COM0.30%$15M89.9K
43AMATAPPLIED MATLS INChistory →COM0.30%$15M103.1K
44KOCOCA COLA COhistory →COM0.30%$15M208.2K
45BACBANK AMERICA CORPhistory →COM0.30%$15M356.1K
46PANWPALO ALTO NETWORKS INChistory →COM0.29%$14M84.0K
47SBUXSTARBUCKS CORPhistory →COM0.28%$14M144.1K
48CRMSALESFORCE INChistory →COM0.27%$14M51.5K
49PMPHILIP MORRIS INTL INChistory →COM0.26%$13M83.6K
50WFCWELLS FARGO CO NEWhistory →COM0.25%$13M176.9K
51ADIANALOG DEVICES INChistory →COM0.25%$13M62.9K
52QQQINVESCO QQQ TRhistory →UNIT SER 10.25%$12M26.6K
53INTCINTEL CORPhistory →COM0.25%$12M549.2K
54ABTABBOTT LABShistory →COM0.25%$12M93.3K
55IBMINTERNATIONAL BUSINESS MACHShistory →COM0.25%$12M49.7K
56MUMICRON TECHNOLOGY INChistory →COM0.24%$12M141.3K
57MRKMERCK & CO INChistory →COM0.24%$12M136.0K
58ORCLORACLE CORPhistory →COM0.24%$12M87.2K
59MCDMCDONALDS CORPhistory →COM0.24%$12M38.5K
60LRCXLAM RESEARCH CORPhistory →COM NEW0.24%$12M162.8K
61GE AEROSPACECOM NEW0.23%$12M57.7K
62KLACKLA CORPhistory →COM NEW0.23%$11M16.8K
63MDLZMONDELEZ INTL INChistory →CL A0.22%$11M164.1K
64TAT&T INChistory →COM0.22%$11M386.1K
65CRWDCROWDSTRIKE HLDGS INChistory →CL A0.21%$11M30.3K
66ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.21%$10M33.6K
67ORLYOREILLY AUTOMOTIVE INChistory →COM0.21%$10M7.3K
68VZVERIZON COMMUNICATIONS INChistory →COM0.20%$10M226.4K
69TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.20%$10M20.6K
70CTASCINTAS CORPCOM0.20%$10M47.9K
71DISDISNEY WALT COCOM0.19%$10M97.2K
72RTXRTX CORPORATIONCOM0.19%$9M71.6K
73GSGOLDMAN SACHS GROUP INCCOM0.18%$9M16.8K
74PGRPROGRESSIVE CORPCOM0.18%$9M31.5K
75CDNSCADENCE DESIGN SYSTEM INCCOM0.18%$9M34.8K
76NOWSERVICENOW INCCOM0.18%$9M11.1K
77FTNTFORTINET INCCOM0.17%$9M90.4K
78REGNREGENERON PHARMACEUTICALSCOM0.17%$9M13.6K
79DASHDOORDASH INCCL A0.17%$9M47.0K
80SPGIS&P GLOBAL INCCOM0.17%$9M16.9K
81CATCATERPILLAR INCCOM0.17%$8M25.7K
82SNPSSYNOPSYS INCCOM0.17%$8M19.6K
83UBERUBER TECHNOLOGIES INCCOM0.16%$8M112.4K
84PYPLPAYPAL HLDGS INCCOM0.16%$8M125.5K
85ROPROPER TECHNOLOGIES INCCOM0.16%$8M13.6K
86AXPAMERICAN EXPRESS COCOM0.16%$8M29.8K
87CEGCONSTELLATION ENERGY CORPCOM0.16%$8M39.7K
88BSXBOSTON SCIENTIFIC CORPCOM0.16%$8M79.3K
89NEENEXTERA ENERGY INCCOM0.16%$8M110.6K
90MSMORGAN STANLEYCOM NEW0.15%$8M66.5K
91PFEPFIZER INCCOM0.15%$8M304.8K
92MARMARRIOTT INTL INC NEWCL A0.15%$8M32.4K
93UNPUNION PAC CORPCOM0.15%$8M32.5K
94AEPAMERICAN ELEC PWR CO INCCOM0.15%$7M67.7K
95BLKBLACKROCK INCCOM0.15%$7M7.8K
96TJXTJX COS INC NEWCOM0.15%$7M60.5K
97MELIMERCADOLIBRE INCCOM0.14%$7M3.7K
98COPCONOCOPHILLIPSCOM0.14%$7M68.6K
99SCHWSCHWAB CHARLES CORPCOM0.14%$7M91.6K
100CCITIGROUP INCCOM NEW0.14%$7M101.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.7B1,604Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.8B1,608Jan 16, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.0B1,604Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.5B1,605Jul 23, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.0B1,603May 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.3B1,596Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$5.4B1,607Oct 23, 202413F-HRchanges · EDGAR ↗
Q2 2024$5.2B1,604Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$5.1B1,609Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.8B1,611Jan 29, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.4B1,602Oct 17, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.5B1,603Jul 18, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review1,588Apr 19, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review1,585Jan 24, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.4B1,579Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.7B1,588Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.2B1,590Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.6B1,597Jan 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.1B1,593Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.1B1,592Jul 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.8B1,591Apr 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.5B1,572Jan 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.2B1,450Oct 19, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B1,340Jul 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B1,293Apr 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.0B1,432Jan 17, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.9B1,431Oct 24, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.0B1,439Jul 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.0B1,444Apr 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.8B1,427Jan 14, 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 ↗.