New York State Common Retirement Fund
Reported US equity positions for Q1 2026 — $71.6B across 3,132 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $4.6B | 6.4% | 26,200,674 |
| AAPL Apple Inc. | $4.3B | 6.1% | 17,082,386 |
| MSFT Microsoft Corporation | $3.3B | 4.6% | 8,872,181 |
| AMZN Amazon.com, Inc. | $2.4B | 3.4% | 11,599,555 |
| GOOGL Alphabet Inc. | $2.0B | 2.9% | 7,102,814 |
| GOOG Alphabet Inc. - Class C Capital Stock | $1.6B | 2.3% | 5,697,091 |
| AVGO Broadcom Inc. | $1.6B | 2.2% | 5,159,409 |
| META Meta Platforms, Inc. | $1.4B | 1.9% | 2,428,036 |
| TSLA Tesla, Inc. | $1.2B | 1.6% | 3,131,231 |
| JPM JP Morgan Chase & Co. | $939.6M | 1.3% | 3,194,329 |
| BRK.B Berkshire Hathaway Inc. | $933.6M | 1.3% | 1,948,207 |
| LLY Eli Lilly and Company | $837.0M | 1.2% | 909,987 |
| JNJ Johnson & Johnson | $725.1M | 1.0% | 2,966,392 |
| XOM ExxonMobil Holdings Corporation | $709.7M | 1.0% | 4,183,203 |
| WMT Walmart Inc. | $617.8M | 0.9% | 4,971,280 |
| V Visa Inc. | $611.1M | 0.9% | 2,021,762 |
| COST Costco Wholesale Corporation | $508.4M | 0.7% | 510,239 |
| NFLX Netflix, Inc. | $462.0M | 0.6% | 4,805,500 |
| MA Mastercard Incorporated | $456.8M | 0.6% | 914,172 |
| ABBV AbbVie Inc. | $441.0M | 0.6% | 2,027,903 |
| MU Micron Technology, Inc. | $425.0M | 0.6% | 1,257,902 |
| MRK Merck & Company, Inc. Common Stock (new) | $422.9M | 0.6% | 3,516,025 |
| BAC Bank of America Corporation | $417.2M | 0.6% | 8,557,761 |
| PG The Procter & Gamble Company | $397.1M | 0.6% | 2,749,366 |
| AMD Advanced Micro Devices, Inc. | $386.0M | 0.5% | 1,897,574 |
| CVX Chevron Corporation | $386.0M | 0.5% | 1,865,450 |
| HD The Home Depot, Inc. | $375.5M | 0.5% | 1,141,805 |
| CSCO Cisco Systems, Inc. | $373.6M | 0.5% | 4,815,176 |
| CAT Caterpillar, Inc. | $372.4M | 0.5% | 525,604 |
| KO The Coca-Cola Company | $350.7M | 0.5% | 4,612,001 |
| PLTR Palantir Technologies Inc. | $339.4M | 0.5% | 2,320,241 |
| GE GE Aerospace | $339.1M | 0.5% | 1,194,873 |
| WFC Wells Fargo & Company | $329.5M | 0.5% | 4,138,439 |
| GS The Goldman Sachs Group, Inc. | $316.8M | 0.4% | 374,452 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $312.8M | 0.4% | 1,156,076 |
| RTX RTX Corporation | $310.4M | 0.4% | 1,608,873 |
| AMAT Applied Materials, Inc. | $309.0M | 0.4% | 904,092 |
| LRCX Lam Research Corporation | $303.6M | 0.4% | 1,420,886 |
| C Citigroup, Inc. | $289.4M | 0.4% | 2,551,933 |
| PM Philip Morris International Inc | $288.7M | 0.4% | 1,746,100 |
| ORCL Oracle Corporation | $278.4M | 0.4% | 1,892,265 |
| IBM International Business Machines Corporation | $278.2M | 0.4% | 1,147,931 |
| GEV GE Vernova Inc. | $262.7M | 0.4% | 300,936 |
| MCD McDonald's Corporation | $261.9M | 0.4% | 842,683 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $254.9M | 0.4% | 754,284 |
| G54950103 Linde PLC | $254.4M | 0.4% | 513,078 |
| MS Morgan Stanley | $253.0M | 0.4% | 1,537,355 |
| PEP PepsiCo, Inc. | $249.4M | 0.3% | 1,605,862 |
| BAC Bank of America Corporation | $240.7M | 0.3% | 4,793,873 |
| T AT&T Inc. | $236.7M | 0.3% | 8,166,527 |
| KLAC KLA Corporation | $232.7M | 0.3% | 158,074 |
| NEE NextEra Energy, Inc. | $232.2M | 0.3% | 2,499,497 |
| PFE Pfizer, Inc. | $225.6M | 0.3% | 8,034,154 |
| INTC Intel Corporation | $220.9M | 0.3% | 5,006,425 |
| AMGN Amgen Inc. | $218.3M | 0.3% | 620,571 |
| H1467J104 Chubb LTD | $214.4M | 0.3% | 657,730 |
| TMO Thermo Fisher Scientific Inc | $212.5M | 0.3% | 432,239 |
| CRM Salesforce, Inc. | $210.3M | 0.3% | 1,126,362 |
| DIS The Walt Disney Company | $206.0M | 0.3% | 2,137,403 |
| TJX The TJX Companies, Inc. | $205.3M | 0.3% | 1,285,377 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| JPM JP Morgan Chase & Co. | Trim | $939.6M | $1.0B | -2% |
| XOM ExxonMobil Holdings Corporation | Add | $709.7M | $494.4M | +2% |
| MU Micron Technology, Inc. | Trim | $425.0M | $371.1M | -3% |
| MRK Merck & Company, Inc. Common Stock (new) | Trim | $422.9M | $374.3M | -1% |
| BAC Bank of America Corporation | Trim | $417.2M | $477.5M | -1% |
| PG The Procter & Gamble Company | Trim | $397.1M | $405.0M | -3% |
| CVX Chevron Corporation | Add | $386.0M | $273.1M | +4% |
| WFC Wells Fargo & Company | Trim | $329.5M | $397.7M | -3% |
| GS The Goldman Sachs Group, Inc. | Trim | $316.8M | $332.5M | -1% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $312.8M | $368.9M | +3% |
| C Citigroup, Inc. | Trim | $289.4M | $305.1M | -2% |
| ORCL Oracle Corporation | Add | $278.4M | $363.1M | +2% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Trim | $254.9M | $236.4M | -3% |
| G54950103 Linde PLC | Add | $254.4M | $202.4M | +8% |
| MS Morgan Stanley | Trim | $253.0M | $276.3M | -1% |
| NEE NextEra Energy, Inc. | Add | $232.2M | $194.3M | +3% |
| DIS The Walt Disney Company | Trim | $206.0M | $245.7M | -1% |
| HONGBP Honeywell International | Add | $178.2M | $152.0M | +1% |
| ADI Analog Devices, Inc. | Trim | $175.6M | $151.4M | -1% |
| APH Amphenol Corporation | Add | $174.3M | $184.6M | +1% |
| SCHW The Charles Schwab Corporation | Trim | $167.1M | $180.3M | -2% |
| PGR The Progressive Corporation | Add | $165.2M | $181.1M | +5% |
| QCOM QUALCOMM Incorporated | Trim | $161.5M | $219.5M | -2% |
| CMCSA Comcast Corporation | Add | $157.4M | $154.5M | +6% |
| UNP Union Pacific Corporation | Add | $156.5M | $147.2M | +1% |
| WELL Welltower Inc. | Add | $156.3M | $141.2M | +4% |
| MCK McKesson Corporation | Trim | $151.6M | $151.5M | -5% |
| SPGI S&P Global Inc. | Trim | $150.7M | $187.6M | -1% |
| PANW Palo Alto Networks, Inc. | Add | $148.8M | $143.0M | +20% |
| G1151C101 Accenture PLC - Class A | Trim | $137.5M | $189.0M | -2% |
| PH Parker-Hannifin Corporation | Trim | $134.2M | $133.5M | -1% |
| FDX FedEx Corporation | Add | $130.8M | $104.9M | +1% |
| VRTX Vertex Pharmaceuticals Incorporated | Trim | $130.6M | $134.8M | -2% |
| COF Capital One Financial Corporation | Trim | $128.0M | $173.1M | -2% |
| ADBE Adobe Inc. | Trim | $119.8M | $177.0M | -3% |
| L8681T102 Spotify Technology Sa | Add | $112.2M | $111.8M | +20% |
| TMUS T-Mobile US, Inc. | Add | $111.7M | $104.0M | +4% |
| NOC Northrop Grumman Corporation | Trim | $110.4M | $93.6M | -1% |
| G51502105 Johnson Controls Int PLC | Trim | $107.1M | $102.9M | -5% |
| SNPS Synopsys, Inc. | Add | $103.8M | $119.8M | +3% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.