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Police & Firemen's Retirement System of New Jersey
The Police and Firemen's Retirement System of New Jersey (PFRSNJ) is a state-level government pension fund headquartered in Trenton, NJ. Established with a dedicated Board of Trustees effective in 2019, it provides traditional defined benefit retirement plans to New Jersey police officers and firefighters, serving municipal, county, and state public safety employees. The fund is overseen by a board comprising elected and appointed active/retired police and fire representatives as well as gubernatorial appointees. PFRSNJ was separated from other NJ retirement systems in 2018 to manage its own investment policies and assets. The organization supports thousands of beneficiaries and maintains its own investment and administrative staff.
Investment Strategy
PFRSNJ uses a diversified institutional investment approach focused on long-term capital appreciation and risk management, overseeing a mix of public equities, private equity, fixed income, real assets, and alternative investments. The Board of Trustees sets overall strategic policy, with a professional investment team managing or allocating assets across asset classes. The fund's primary objective is to meet the pension obligations of police and fire personnel through prudent, responsible investing, balancing the need for returns with preservation of capital. It issues RFPs for external managers and periodically reviews its allocation to optimize risk-adjusted returns within acceptable volatility.
Latest 13F Filing Activity
Police & Firemen's Retirement System of New Jersey filed their most recent 13F report on Jun 30, 2025 disclosing 2,955 equity positions with a total 13F market value of $11B. The fund increased holdings in Nvidia Corp., Microsoft Corp., Broadcom Inc. among other positions. Police & Firemen's Retirement System of New Jersey reduced exposure to Ishares Msci India Etf, Unitedhealth Group Inc., SPDR Bloomberg High Yield Bond among others.
Top Holdings
Equity Positions (2,955)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORP | 5.22% | $561.5M | 3,553,999 | $135.25 | $157.99 | +$192.2M |
M MSFT | MICROSOFT CORP | 5.20% | $560.2M | 1,126,223 | $424.42 | $497.41 | +$153.8M |
A AAPL | APPLE INC | 4.27% | $459.3M | 2,238,465 | $247.74 | $205.17 | -$17.2M |
A AMZN | AMAZON.COM INC | 2.97% | $319.6M | 1,456,680 | $219.38 | $219.39 | +$59.6M |
M META | META PLATFORMS INC CLASS A | 2.27% | $244.7M | 331,559 | $591.30 | $738.09 | +$60.9M |
Industry Allocation
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