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Louisiana State Employees Retirement System

CIK:0001537191
Pension Fund
$13B AUM
1,516 holdings
Baton Rouge, LA, United States
Founded:1946
136 employees
Latest filing:Sep 30, 2025

Louisiana State Employees' Retirement System (LASERS), headquartered in Baton Rouge, Louisiana, is a public pension fund established in 1946 to provide retirement allowances and other benefits to state officers, employees, and their beneficiaries. It is governed by a Board of Trustees and is one of the largest public retirement systems in the state, with over 135 employees serving more than 100,000 members, both active and retired. LASERS manages a large and diversified portfolio focused on serving Louisiana's state workforce and retirees.

Investment Strategy

LASERS administers a qualified defined benefit pension plan under section 401(a) of the Internal Revenue Code. The fund's investment strategy aims to provide a secure and sustainable retirement income for its members through prudent management of assets. Funding is sourced from employee contributions, employer contributions, and investment earnings. LASERS manages about one-third of its portfolio internally to reduce management fees, with the remainder outsourced to external managers across diverse asset classes, balancing long-term growth with risk management to meet the retirement liabilities of the system.

Latest 13F Filing Activity

Louisiana State Employees Retirement System filed their most recent 13F report on Sep 30, 2025 disclosing 1,493 equity positions with a total 13F market value of $6B. The fund increased holdings in Apple Inc., Nvidia Corporation, Tesla Inc. among other positions. Louisiana State Employees Retirement System reduced exposure to Netflix Inc., Emcor Group Inc., Interactive Brokers Group in among others.

Top Buys
A
AAPLAPPLE INC
+$57.5M
N
NVDANVIDIA CORPORATION
+$55.4M
T
TSLATESLA INC
+$32.1M
G
GOOGLALPHABET INC
+$31.5M
G
GOOGALPHABET INC
+$26.2M
Top Sells
N
NFLXNETFLIX INC
-$7.9M
E
EMEEMCOR GROUP INC
-$5.2M
I
IBKRINTERACTIVE BROKERS GROUP IN
-$5.2M
S
SPSMSPDR SERIES TRUST
-$4.6M
I
ISRGINTUITIVE SURGICAL INC
-$4.4M

Top Holdings

N
NVDANVIDIA CORPORATION
+6.3%$373.3M
M
MSFTMICROSOFT CORP
+5.3%$316.1M
A
AAPLAPPLE INC
+5.2%$310.3M
A
AMZNAMAZON COM INC
+3.0%$181.2M
A
AVGOBROADCOM INC
+2.6%$157.5M

Equity Positions (1,493)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
NVIDIA CORPORATION6.26%$373.3M2,000,600$11.64$186.58+$55.4M
MICROSOFT CORP5.30%$316.1M610,300$159.33$517.95+$11.1M
APPLE INC5.21%$310.3M1,218,600$87.22$254.63+$57.5M
AMAZON COM INC3.04%$181.2M825,400$109.05$219.57+$2.6M
BROADCOM INC2.64%$157.5M477,400$52.51$329.91+$25.4M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+12.2%
SERVICES-PREPACKAGED SOFTWARE
+10.3%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+8.0%
ELECTRONIC COMPUTERS
+5.3%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+3.2%

Investment Team (1)

NameRoleLocationLinkedIn
Jonathan Lyle
Jonathan Lyle
Security Analyst IIIBaton Rouge, LA , United States