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State of New Jersey Common Pension Fund D
The State of New Jersey Common Pension Fund D is part of the larger New Jersey Division of Investment, headquartered in Trenton, New Jersey. The Division is one of the largest public pension fund managers in the United States, managing assets for the retirement plans of New Jersey state and local government employees, including teachers, police, firefighters, and other public workers. The Common Pension Fund D represents one of several commingled funds serving the over 837,000 beneficiaries in the system. The Division was founded in 1950 and is a government entity. Staff count for the Division of Investment (which operates Common Pension Fund D) typically ranges around 50-100 employees, though a precise figure for Fund D alone is not specified.
Investment Strategy
State of New Jersey Common Pension Fund D invests primarily in a diversified portfolio that includes domestic and international equities, fixed income, and alternative assets such as real estate, private equity, and hedge funds. The fund supports defined benefit plans for state and local public employees, with return objectives designed to meet long-term pension liabilities and maintain financial stability for beneficiaries. Its investment philosophy emphasizes prudent diversification, risk management, and compliance with guidance from the State Investment Council. The strategy seeks to balance growth with capital preservation, allocating assets in accordance with actuarial assumptions and the needs of a large public retirement system.
Latest 13F Filing Activity
State of New Jersey Common Pension Fund D filed their most recent 13F report on Jun 30, 2025 disclosing 1,459 equity positions with a total 13F market value of $26B. The fund increased holdings in Ishares Inc., Vanguard Index FDS, Nvidia Corporation among other positions. State of New Jersey Common Pension Fund D reduced exposure to Ishares TR, Apple Inc., Unitedhealth Group Inc. among others.
Top Holdings
Equity Positions (1,459)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 5.03% | $1.30B | 8,209,521 | $2.85 | $157.99 | +$404.1M |
I IEMG | ISHARES INC | 4.87% | $1.26B | 20,923,000 | $60.03 | $60.03 | +$1.26B |
M MSFT | MICROSOFT CORP | 4.58% | $1.18B | 2,375,938 | $46.02 | $497.41 | +$289.9M |
V VTI | VANGUARD INDEX FDS | 4.14% | $1.07B | 3,514,970 | $286.42 | $303.93 | +$597.0M |
A AAPL | APPLE INC | 4.02% | $1.04B | 5,054,806 | $32.68 | $205.17 | -$86.8M |
Industry Allocation
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