SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Louisiana State Employees Retirement System

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

Reported Value
$5.8B
Q4 2025
Positions
1,608
Filings on Record
30
2019–present window
Filed
Jan 16, 2026
original filing

Summary

Louisiana State Employees Retirement System reported $5.8B in U.S.-listed holdings across 1,608 positions for Q4 2025.

Its largest position, NVDA, represents 4.0% of the portfolio.

Compared with Q3 2025, the fund opened 29 new positions and exited 23.

Portfolio Metrics

Turnover
+5.7%
vs prior filed quarter
Top-10 Concentration
+22.0%
share of reported value
Largest Position
+4.0%
Nvidia Corporation
New / Exited
29 / 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. 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: 92.9%Other: 3.1%REIT: 2.7%ETP: 1.1%ADR: 0.2%
  • Common Stock · 92.9% · $5.4B
  • Other · 3.1% · $181M
  • REIT · 2.7% · $159M
  • ETP · 1.1% · $63M
  • ADR · 0.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PINSPINTEREST INCNEW+164.9K164.9K+$4M$4M
CRH PLCNEW+34.2K34.2K+$4M$4M
SOLSSOLSTICE ADVANCED MATLS INCNEW+72.7K72.7K+$4M$4M
ALNYALNYLAM PHARMACEUTICALS INCNEW+8.8K8.8K+$3M$3M
FERROVIAL SENEW+49.1K49.1K+$3M$3M
PRIMPRIMORIS SVCS CORPNEW+24.8K24.8K+$3M$3M
CVNACARVANA CONEW+7.2K7.2K+$3M$3M
BAHBOOZ ALLEN HAMILTON HLDG CORNEW+33.6K33.6K+$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

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM5.86%$341M1.83M
2AAPLAPPLE INChistory →COM5.19%$303M1.11M
3MSFTMICROSOFT CORPhistory →COM4.65%$271M559.8K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C4.34%$253M806.7K
5AMZNAMAZON COM INChistory →COM2.99%$174M755.9K
6AVGOBROADCOM INChistory →COM2.11%$123M355.6K
7METAMETA PLATFORMS INChistory →CL A2.07%$120M182.4K
8TSLATESLA INChistory →COM1.93%$113M250.7K
9PLTRPALANTIR TECHNOLOGIES INChistory →CL A0.82%$48M269.5K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.81%$47M93.7K
11NFLXNETFLIX INChistory →COM0.80%$47M499.8K
12COSTCOSTCO WHSL CORP NEWhistory →COM0.77%$45M52.2K
13JPMJPMORGAN CHASE & CO.history →COM0.77%$45M139.1K
14LLYELI LILLY & COhistory →COM0.75%$44M40.6K
15AMDADVANCED MICRO DEVICES INChistory →COM0.71%$41M192.1K
16MUMICRON TECHNOLOGY INChistory →COM0.65%$38M132.6K
17SPDR SERIES TRUSTSTATE STREET SPD0.63%$37M459.9K
18CSCOCISCO SYS INChistory →COM0.62%$36M465.6K
19VVISA INChistory →COM CL A0.52%$30M86.2K
20EXMOCEXXON MOBIL CORPhistory →COM0.44%$26M215.4K
21JNJJOHNSON & JOHNSONhistory →COM0.44%$25M123.1K
22WMTWALMART INChistory →COM0.43%$25M224.0K
23MAMASTERCARD INCORPORATEDhistory →CL A0.41%$24M41.9K
24ABBVABBVIE INChistory →COM0.35%$21M90.3K
25BACBANK AMERICA CORPhistory →COM0.32%$19M343.2K
26HDHOME DEPOT INChistory →COM0.30%$17M50.8K
27PGPROCTER AND GAMBLE COhistory →COM0.29%$17M119.4K
28ORCLORACLE CORPhistory →COM0.29%$17M85.9K
29NDQINVESCO QQQ TRhistory →UNIT SER 10.29%$17M27.2K
30GE AEROSPACECOM NEW0.28%$17M53.9K
31UNHUNITEDHEALTH GROUP INChistory →COM0.26%$15M46.3K
32TMUST-MOBILE US INChistory →COM0.26%$15M74.8K
33WFCWELLS FARGO CO NEWhistory →COM0.26%$15M160.3K
34CHVCHEVRON CORP NEWhistory →COM0.25%$15M96.7K

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 ↗.