# Louisiana State Employees Retirement System

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1537191. Source: https://holderbook.com/funds/1537191-louisiana-state-employees-retirement-system/

- Reported value: $12.4B
- Positions: 1,561
- Weight of the ten largest: 27.2%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $677.3M | 3,618,000 | 5.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $594.7M | 2,190,300 | 4.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $411.6M | 1,107,700 | 3.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $335.8M | 1,504,000 | 2.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $280.7M | 870,500 | 2.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $242.8M | 706,800 | 2.0% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $235.7M | 736,300 | 1.9% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $206.9M | 522,300 | 1.7% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $206.0M | 362,900 | 1.7% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $194.5M | 261,400 | 1.6% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $148.0M | 378,300 | 1.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $128.6M | 1,082,200 | 1.0% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $103.9M | 1,132,000 | 0.8% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $99.5M | 103,000 | 0.8% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $98.9M | 1,212,500 | 0.8% | 9 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $97.9M | 184,200 | 0.8% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $93.6M | 289,900 | 0.8% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $91.6M | 187,100 | 0.7% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $89.2M | 916,200 | 0.7% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $85.6M | 80,800 | 0.7% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $85.2M | 274,300 | 0.7% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $82.1M | 978,600 | 0.7% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $69.9M | 531,800 | 0.6% | 8 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $68.0M | 166,100 | 0.5% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $65.1M | 424,800 | 0.5% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $61.3M | 245,800 | 0.5% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $58.0M | 88,700 | 0.5% | 22 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $55.0M | 170,500 | 0.4% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $54.5M | 107,500 | 0.4% | 14 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $51.9M | 210,900 | 0.4% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $47.2M | 188,700 | 0.4% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $46.1M | 317,100 | 0.4% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $44.7M | 125,100 | 0.4% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $43.6M | 24,600 | 0.4% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $42.3M | 180,400 | 0.3% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $41.9M | 82,700 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $41.8M | 47,200 | 0.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $40.5M | 113,200 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $38.5M | 246,200 | 0.3% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $38.3M | 288,000 | 0.3% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $36.1M | 79,400 | 0.3% | 31 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $35.9M | 189,900 | 0.3% | 28 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $35.7M | 158,100 | 0.3% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $35.6M | 191,200 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $35.5M | 671,800 | 0.3% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $35.4M | 82,300 | 0.3% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $35.1M | 106,700 | 0.3% | 20 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $34.9M | 51,300 | 0.3% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $34.6M | 101,600 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $34.6M | 237,400 | 0.3% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $33.9M | 58,800 | 0.3% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $31.8M | 92,600 | 0.3% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $31.5M | 93,100 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $31.4M | 252,700 | 0.3% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $31.1M | 395,200 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $30.7M | 67,400 | 0.2% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $28.2M | 30,400 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $28.1M | 27,400 | 0.2% | 9 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $27.8M | 58,900 | 0.2% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $27.5M | 158,900 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $26.2M | 137,200 | 0.2% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $25.5M | 314,000 | 0.2% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $25.4M | 173,100 | 0.2% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $25.3M | 264,400 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $25.0M | 95,600 | 0.2% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $22.9M | 122,600 | 0.2% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $22.3M | 176,300 | 0.2% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $22.3M | 64,100 | 0.2% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $22.1M | 829,800 | 0.2% | 31 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $21.9M | 344,500 | 0.2% | 9 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $21.2M | 94,400 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $21.1M | 72,600 | 0.2% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $20.9M | 79,200 | 0.2% | 18 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $20.8M | 63,800 | 0.2% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $19.9M | 93,100 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $19.8M | 428,300 | 0.2% | 31 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $19.8M | 56,800 | 0.2% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $19.4M | 11,700 | 0.2% | 23 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $19.2M | 212,700 | 0.2% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $19.1M | 431,500 | 0.2% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $19.0M | 125,500 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $18.9M | 38,100 | 0.2% | 31 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $18.7M | 159,700 | 0.2% | 31 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $18.7M | 44,400 | 0.2% | 31 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $18.5M | 158,900 | 0.1% | 5 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $17.9M | 193,700 | 0.1% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $17.7M | 711,900 | 0.1% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $17.6M | 113,100 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $17.5M | 54,500 | 0.1% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $17.2M | 179,000 | 0.1% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $17.2M | 297,600 | 0.1% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $17.2M | 177,600 | 0.1% | 31 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $16.9M | 125,900 | 0.1% | 31 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $16.8M | 200,000 | 0.1% | 31 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $16.8M | 74,200 | 0.1% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $16.7M | 80,300 | 0.1% | 31 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $16.5M | 23,600 | 0.1% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $16.1M | 74,900 | 0.1% | 31 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $15.8M | 234,000 | 0.1% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $15.7M | 168,600 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +17.8% | +14.8% | +3.0% | 100% |
| Q1 2026 | -3.0% | -4.6% | +1.6% | 100% |
| Q4 2025 | +2.3% | +2.4% | -0.1% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.2% | 100% |
| Q1 2025 | -6.2% | -4.6% | -1.7% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.3% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $12.4B | 1,561 |
| Q1 2026 | $5.7B | 1,517 |
| Q4 2025 | $5.8B | 1,522 |
| Q3 2025 | $6.0B | 1,516 |
| Q2 2025 | $5.5B | 1,518 |
| Q1 2025 | $5.0B | 1,517 |
| Q4 2024 | $5.3B | 1,512 |
| Q3 2024 | $5.4B | 1,521 |
| Q2 2024 | $5.2B | 1,518 |
| Q1 2024 | $5.1B | 1,522 |
| Q4 2023 | $4.8B | 1,526 |
| Q3 2023 | $4.4B | 1,519 |