Nisa Investment Advisors, LLC
NISA Investment Advisors, LLC is an independent, employee-owned institutional asset manager headquartered in St. Louis, Missouri. Founded in 1994, NISA specializes in risk-controlled asset management for large institutional clients—including pension funds, endowments, foundations, and corporate, public, union, and healthcare funds. As of September 30, 2025, the firm manages $295 billion in physical assets and $165 billion in derivatives notional value, serving hundreds of institutional investors. NISA is recognized for its innovative risk management and superior client service, as evidenced by repeated Greenwich Quality Leader awards. The firm employs more than 340 professionals, providing expertise in investment strategy, risk management, and client service.
Investment Strategy
NISA Investment Advisors focuses on risk-controlled asset management, primarily serving large institutional investors. Their investment approach emphasizes liability-driven investing (LDI), custom fixed income solutions, and overlay strategies—including derivatives—to manage interest rate and other financial risks. NISA partners closely with clients to integrate asset-liability management within investment portfolios, seeking to minimize funded status volatility and optimize overall returns. The firm employs quantitative methods, advanced analytics, and tailored investment solutions to meet complex client objectives, prioritizing transparency and long-term partnership in achieving institutional goals.
Top Holdings
Equity Positions (2,994)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IVV | ISHARES CORE S&P 500 ETF | 21.43% | $4.75B | 7,654,221 | $593.16 | $620.90 | +$1.05B |
N NVDA | NVIDIA CORP | 4.99% | $1.11B | 7,010,022 | $33.34 | $157.99 | +$291.2M |
M MSFT | MICROSOFT CORP | 4.78% | $1.06B | 2,129,047 | $87.36 | $497.41 | +$219.0M |
A AAPL | APPLE INC | 4.08% | $905.3M | 4,412,673 | $176.06 | $205.17 | -$43.2M |
M META | META PLATFORMS INC | 2.09% | $464.3M | 629,120 | $290.95 | $738.09 | +$109.1M |