Institutional Manager · CIK 0002040686
Police & Firemen's Retirement System of New Jersey
TRENTON, NJ · File #028-24908
Latest AUM
$12.03B
Positions
3,156
Top-10 Concentration
62.5%
Filings
5
Portfolio Value Over Time
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | NETFLIX INC | NFLX | +580,908 | +$54.5M | -$75.5M |
| EXITED | ISHARES MSCI CHINA A ETF | 46434V514 | -1,108,036 | -$38.0M | $0 |
| REDUCE | NVIDIA CORP | NVDA | -188,387 | -$35.1M | -$301,924 |
| REDUCE | APPLE INC | AAPL | -117,369 | -$31.9M | +$40.5M |
| REDUCE | MICROSOFT CORP | MSFT | -59,700 | -$28.9M | -$41.1M |
| EXITED | ISHARES NATIONAL MUNI BOND ETF | 464288414 | -211,800 | -$22.6M | $0 |
| ADD | SERVICENOW INC | NOW | +124,524 | +$19.1M | -$25.6M |
| REDUCE | AMAZON.COM INC | AMZN | -77,346 | -$17.9M | +$17.4M |
| NEW | TOTALENERGIES SE | TTE | +266,959 | +$17.4M | $0 |
| REDUCE | ALPHABET INC CL A | GOOG | -48,327 | -$15.1M | +$65.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20253,156 pos · $12.03B
- 13F HOLDINGS REPORTQ/E Sep 20253,166 pos · $159.6M
- 13F HOLDINGS REPORTQ/E Jun 20253,148 pos · $10.76B
- 13F HOLDINGS REPORTQ/E Mar 20253,071 pos · $9.89B
- 13F HOLDINGS REPORTQ/E Dec 20243,015 pos · $10.28B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 3,585,652 | $668.7M | 12.04% |
| 2 | APPLE INC | AAPL | 2,233,478 | $607.2M | 10.93% |
| 3 | MICROSOFT CORP | MSFT | 1,136,300 | $549.5M | 9.90% |
| 4 | AMAZON.COM INC | AMZN | 1,469,544 | $339.2M | 6.11% |
| 5 | ALPHABET INC CL A | GOOG | 888,599 | $278.1M | 5.01% |
| 6 | BROADCOM INC | AVGO | 707,590 | $244.9M | 4.41% |
| 7 | ALPHABET INC CL C | GOOG | 727,175 | $228.2M | 4.11% |
| 8 | META PLATFORMS INC CLASS A | META | 334,505 | $220.8M | 3.98% |
| 9 | TESLA INC | TSLA | 432,304 | $194.4M | 3.50% |
| 10 | BERKSHIRE HATHAWAY INC CL B | BRK-A | 282,662 | $142.1M | 2.56% |
| 11 | JPMORGAN CHASE CO | VYLD | 416,137 | $134.1M | 2.41% |
| 12 | ELI LILLY CO | LLY | 122,743 | $131.9M | 2.38% |
| 13 | VISA INC CLASS A SHARES | V | 257,818 | $90.4M | 1.63% |
| 14 | EXXON MOBIL CORP | XOM | 647,625 | $77.9M | 1.40% |
| 15 | JOHNSON JOHNSON | JNJ | 368,561 | $76.3M | 1.37% |
| 16 | WALMART INC | WMT | 666,392 | $74.2M | 1.34% |
| 17 | MASTERCARD INC A | MA | 123,108 | $70.3M | 1.27% |
| 18 | ABBVIE INC | ABBV | 271,506 | $62.0M | 1.12% |
| 19 | NETFLIX INC | NFLX | 649,264 | $60.9M | 1.10% |
| 20 | PALANTIR TECHNOLOGIES INC A | PLTR | 334,653 | $59.5M | 1.07% |