CIK: 0000314969
Total reported value
$49.2B
Reporting period: 2026-03-31 · Number of holdings: 1616
NEW YORK STATE TEACHERS RETIREMENT SYSTEM disclosed 1616 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $49.2B and a quarterly turnover rate of 14.4%.
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New York State Teachers Retirement System's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 60 equally-sized positions, well below its 1616 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.10), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 69% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim MSFT
+0.3% -$680.3M
Add XOM
-0.1% $169.5M
Trim TSLA
-0.1% -$177.4M
Trim META
+0.2% -$153.6M
Add JNJ
+0.5% $76.6M
Add CVX
-0.1% $84.2M
NEW YORK STATE TEACHERS RETIREMENT SYSTEM is systematically reinforcing its AI-mega-cap exposure, adding to NVDA, MSFT, AVGO, AMZN, and META while trimming AAPL, TSLA, and XOM. This is a momentum-chasing capital rotation, not a defensive shift; it signals conviction that the AI growth premium will continue expanding for these names.
The 39% IT weighting and positive momentum tilt signal a bet on a regime of persistently low discount rates and high risk appetite that sustains long-duration growth narratives. The opposing thesis: re-inflation, a hawkish Fed, or AI sentiment shock would trigger multiple compression across these consensus longs, with the low weight in Energy and Materials leaving no hedge against factor reversal.
This portfolio is structurally short volatility in the momentum factor — it is a textbook crowded long in the AI trade, with a momentum_contrarian score of 100 and a net tilt of 0.14. A sudden regime shift or growth scare would trigger a positioning squeeze that no amount of nominal diversification (1,616 holdings) can mitigate when beta drags all correlated tech names down together.
This narrative is produced by AI from publicly available filings and describes past activity only — it is informational, not investment advice.
Showing top 200 holdings (of 1616 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.03% | -0.15% | +0.05% | |
| 2 | AAPL | Apple INC | Stock-Tech | 6.15% | -0.18% | -0.44% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.57% | -1.12% | +0.30% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.33% | -0.18% | +0.42% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.77% | -0.11% | -0.04% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 2.41% | -0.16% | +0.33% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.21% | -0.11% | -0.06% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.06% | -0.21% | +0.18% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 1.71% | -0.27% | -0.08% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.44% | — | -0.04% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.31% | -0.05% | +0.91% | |
| 12 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.20% | -0.14% | +0.17% | |
| 13 | XOM | Exxon Mobil CORP | Stock-Energy | 1.19% | +0.38% | -0.07% | |
| 14 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.99% | +0.20% | +0.55% | |
| 15 | WMT | Walmart INC | Stock-Consumer Staples | 0.88% | +0.12% | -0.69% | |
| 16 | V | Visa Inc-class A Shares | Stock-Financials | 0.83% | -0.09% | -0.13% | |
| 17 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.72% | +0.13% | +1.68% | |
| 18 | MA | Mastercard INC - A | Stock-Financials | 0.68% | -0.06% | -0.12% | |
| 19 | NFLX | Netflix INC | Stock-Comm Services | 0.67% | — | -0.36% | |
| 20 | CVX | Chevron CORP | Stock-Energy | 0.65% | +0.19% | -0.09% | |
| 21 | ABBV | Abbvie INC | Stock-Healthcare | 0.64% | — | +0.10% | |
| 22 | MU | Micron Technology INC | Stock-Tech | 0.64% | +0.13% | +0.82% | |
| 23 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.55% | -0.08% | +0.47% | |
| 24 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.54% | — | +1.07% | |
| 25 | AMD | Advanced Micro Devices | Stock-Tech | 0.54% | — | +0.57% | |
| 26 | BAC | Bank Of America CORP | Stock-Financials | 0.53% | -0.05% | -0.03% | |
| 27 | CAT | Caterpillar INC | Stock-Industrials | 0.53% | +0.12% | -0.06% | |
| 28 | HD | Home Depot INC | Stock-Consumer Disc | 0.51% | — | +0.17% | |
| 29 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.50% | +0.08% | -0.74% | |
| 30 | CSCO | Cisco Systems INC | Stock-Tech | 0.50% | — | +0.16% | |
| 31 | GE | General Electric | Stock-Industrials | 0.48% | -0.03% | -3.28% | |
| 32 | LRCX | Lam Research CORP | Stock-Tech | 0.47% | +0.11% | -0.21% | |
| 33 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.46% | — | +0.67% | |
| 34 | AMAT | Applied Materials INC | Stock-Tech | 0.44% | +0.13% | +0.91% | |
| 35 | RTX | Rtx CORP | Stock-Industrials | 0.44% | — | +4.17% | |
| 36 | PM | Philip Morris International | Stock-Consumer Staples | 0.43% | — | -0.99% | |
| 37 | GS | Goldman Sachs Group INC | Stock-Financials | 0.41% | — | — | |
| 38 | WFC | Wells Fargo & Co | Stock-Financials | 0.41% | -0.05% | +0.88% | |
| 39 | ORCL | Oracle CORP | Stock-Tech | 0.40% | -0.10% | +0.70% | |
| 40 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.40% | -0.06% | -0.75% | |
| 41 | GEV | GE Vernova INC | Stock-Industrials | 0.39% | +0.11% | +0.65% | |
| 42 | LIN | Linde plc | Stock-Materials | 0.37% | — | — | |
| 43 | T | At&t INC | Stock-Comm Services | 0.36% | — | -3.11% | |
| 44 | IBM | Intl Business Machines CORP | Stock-Tech | 0.36% | -0.06% | +0.01% | |
| 45 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.35% | — | +0.21% | |
| 46 | VZ | Verizon Communications INC | Stock-Comm Services | 0.35% | +0.08% | -2.07% | |
| 47 | PEP | Pepsico INC | Stock-Consumer Staples | 0.34% | — | -0.34% | |
| 48 | C | Citigroup INC | Stock-Financials | 0.33% | — | +0.41% | |
| 49 | MS | Morgan Stanley | Stock-Financials | 0.33% | — | -0.11% | |
| 50 | KLAC | Kla CORP | Stock-Tech | 0.32% | — | -0.20% |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+23.2%
Based on 76% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1616 | $49.2B | 14 | |
| 2025-12-31 | 1632 | $51.4B | 10 | |
| 2025-09-30 | 1632 | $51.3B | 23 | |
| 2025-06-30 | 1631 | $47.8B | 0 | |
| 2025-03-31 | 1634 | $43.4B | 100 | |
| 2024-12-31 | 1635 | $47.5B | 0 | |
| 2024-09-30 | 1617 | $48.5B | 0 | |
| 2024-06-30 | 1623 | $47.4B | 0 | |
| 2024-03-31 | 1616 | $47.9B | 0 | |
| 2023-12-31 | 1621 | $44.8B | 0 | |
| 2023-09-30 | 1608 | $41.4B | 0 | |
| 2023-06-30 | 1604 | $44.4B | 0 | |
| 2023-03-31 | 1609 | $42.6B | 0 | |
| 2022-12-31 | 1604 | $40.7B | 0 | |
| 2022-09-30 | 1600 | $38.5B | 0 | |
| 2022-06-30 | 1611 | $40.8B | 0 | |
| 2022-03-31 | 1629 | $49.0B | 0 | |
| 2021-12-31 | 1627 | $51.6B | 0 | |
| 2021-09-30 | 1646 | $47.4B | 0 | |
| 2021-06-30 | 1626 | $47.9B | 98 | |
| 2021-03-31 | 1625 | $46.5B | 10 | |
| 2020-12-31 | 1614 | $45.8B | 13 | |
| 2020-09-30 | 1629 | $41.3B | 10 | |
| 2020-06-30 | 1620 | $39.8B | 21 | |
| 2020-03-31 | 1631 | $33.1B | 27 | |
| 2019-12-31 | 1665 | $43.0B | 12 | |
| 2019-09-30 | 1604 | $39.6B | 9 | |
| 2019-06-30 | 1600 | $39.5B | 9 | |
| 2019-03-31 | 1604 | $39.4B | 14 | |
| 2018-12-31 | 1603 | $35.3B | 21 | |
| 2018-09-30 | 1634 | $42.7B | 9 | |
| 2018-06-30 | 1643 | $41.1B | 11 | |
| 2018-03-31 | 1643 | $41.1B | 9 | |
| 2017-12-31 | 1639 | $42.2B | 10 | |
| 2017-09-30 | 1645 | $40.1B | 9 | |
| 2017-06-30 | 1657 | $39.2B | 7 | |
| 2017-03-31 | 1663 | $39.2B | 8 | |
| 2016-12-31 | 1663 | $38.4B | 10 | |
| 2016-09-30 | 1671 | $37.7B | 11 | |
| 2016-06-30 | 1655 | $38.0B | 10 | |
| 2016-03-31 | 1662 | $37.9B | 11 | |
| 2015-12-31 | 1677 | $37.7B | 15 | |
| 2015-09-30 | 1670 | $35.6B | 14 | |
| 2015-06-30 | 1652 | $38.5B | 9 | |
| 2015-03-31 | 1501 | $39.3B | 11 | |
| 2014-12-31 | 1504 | $39.6B | 11 | |
| 2014-09-30 | 1493 | $38.2B | 8 | |
| 2014-06-30 | 1499 | $38.5B | 8 | |
| 2014-03-31 | 1499 | $38.1B | 8 | |
| 2013-12-31 | 1499 | $38.6B | 10 | |
| 2013-09-30 | 1498 | $36.4B | 9 | |
| 2013-06-30 | 1489 | $35.6B | 0 |
New York State Teachers Retirement System's most significant position changes for 2026-03-31: Add: Microsoft CORP (MSFT) — shares +0.30%; Trim: Exxon Mobil CORP (XOM) — shares -0.07%; Trim: Tesla INC (TSLA) — shares -0.08%; Add: Meta Platforms Inc-class A (META) — shares +0.18%; Add: Johnson & Johnson (JNJ) — shares +0.55%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +0.4% | -0.07% | Trim |
| 2 | JNJ | Johnson & Johnson | +0.2% | +0.55% | Add |
| 3 | CVX | Chevron CORP | +0.2% | -0.09% | Trim |
| 4 | VRT | Vertiv Holdings Co-a | +0.1% | +1685.62% | Add |
| 5 | AMAT | Applied Materials INC | +0.1% | +0.91% | Add |
| 6 | COST | Costco Wholesale CORP | +0.1% | +1.68% | Add |
| 7 | MU | Micron Technology INC | +0.1% | +0.82% | Add |
| 8 | CAT | Caterpillar INC | +0.1% | -0.06% | Trim |
| 9 | WMT | Walmart INC | +0.1% | -0.69% | Trim |
| 10 | GEV | GE Vernova INC | +0.1% | +0.65% | Add |
| 11 | LRCX | Lam Research CORP | +0.1% | -0.21% | Trim |
| 12 | SNDK | Sandisk CORP | +0.1% | +9.43% | Add |
| 13 | COP | Conocophillips | +0.1% | -0.05% | Trim |
| 14 | MRK | Merck & Co. INC. | +0.1% | -0.74% | Trim |
| 15 | VZ | Verizon Communications INC | +0.1% | -2.07% | Trim |
| 16 | GLW | Corning INC | +0.1% | +2.58% | Add |
| 17 | INTC | Intel CORP | +0.1% | +4.23% | Add |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | — | -0.04% | Trim |
| 19 | GE | General Electric | 0% | -3.28% | Trim |
| 20 | JPM | Jpmorgan Chase & Co | -0.1% | +0.91% | Add |
| 21 | BAC | Bank Of America CORP | -0.1% | -0.03% | Trim |
| 22 | WFC | Wells Fargo & Co | -0.1% | +0.88% | Add |
| 23 | ISRG | Intuitive Surgical INC | -0.1% | -0.09% | Trim |
| 24 | MA | Mastercard INC - A | -0.1% | -0.12% | Trim |
| 25 | UNH | Unitedhealth Group INC | -0.1% | -0.75% | Trim |
| 26 | IBM | Intl Business Machines CORP | -0.1% | +0.01% | Add |
| 27 | ADBE | Adobe INC | -0.1% | +1.63% | Add |
| 28 | ABT | Abbott Laboratories | -0.1% | -2.82% | Trim |
| 29 | ACN | Accenture plc | -0.1% | +0.96% | Add |
| 30 | COF | Capital One Financial CORP | -0.1% | -1.76% | Trim |
| 31 | BKNG | Booking Holdings INC | -0.1% | -0.32% | Trim |
| 32 | BSX | Boston Scientific CORP | -0.1% | -0.25% | Trim |
| 33 | PLTR | Palantir Technologies Inc-a | -0.1% | +0.47% | Add |
| 34 | INTU | Intuit INC | -0.1% | +3.40% | Add |
| 35 | QCOM | Qualcomm INC | -0.1% | -3.73% | Trim |
| 36 | NOW | Servicenow INC | -0.1% | -2.05% | Trim |
| 37 | V | Visa Inc-class A Shares | -0.1% | -0.13% | Trim |
| 38 | ORCL | Oracle CORP | -0.1% | +0.70% | Add |
| 39 | APP | Applovin Corp-class A | -0.1% | +2.61% | Add |
| 40 | GOOGL | Alphabet Inc-cl A | -0.1% | -0.04% | Trim |
| 41 | GOOG | Alphabet Inc-cl C | -0.1% | -0.06% | Trim |
| 42 | CRM | Salesforce INC | -0.1% | +0.01% | Add |
| 43 | LLY | Eli Lilly & Co | -0.1% | +0.17% | Add |
| 44 | NVDA | Nvidia CORP | -0.2% | +0.05% | Add |
| 45 | AVGO | Broadcom INC | -0.2% | +0.33% | Add |
| 46 | AAPL | Apple INC | -0.2% | -0.44% | Trim |
| 47 | AMZN | Amazon.com INC | -0.2% | +0.42% | Add |
| 48 | META | Meta Platforms Inc-class A | -0.2% | +0.18% | Add |
| 49 | TSLA | Tesla INC | -0.3% | -0.08% | Trim |
| 50 | MSFT | Microsoft CORP | -1.1% | +0.30% | Add |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-27 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-30 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-24 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-28 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-30 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-25 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-24 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-25 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-24 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-25 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-27 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-27 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-27 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-28 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-01 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-27 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-24 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-25 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-21 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-22 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-11-06 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-21 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-29 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-24 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-24 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-18 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-07 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-28 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-02 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-01 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-01 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-12 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-30 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-11 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-22 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-18 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-22 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-23 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-13 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | Amendment | View on EDGAR |
| 2014-09-30 | 2014-10-31 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-04 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-21 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-19 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-19 | 13F-HR | View on EDGAR |
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