NI
Nisa Investment Advisors, LLC — 13F Portfolio Changes & Top Buys (Q3 2026)
Nisa Investment Advisors, LLCCIK: 0000937615
Concentrated strategyMomentum followerLong-term holder
Total reported value
$34.7B
Reporting period: 2026-09-30 · Number of holdings: 3180
NISA INVESTMENT ADVISORS, LLC disclosed 3180 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $34.7B and a quarterly turnover rate of 17.1%.
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Personality snowflake
- Concentration
- 91.35
- Portfolio Stability
- 17.06
- Momentum
- 86.87
- Sector conviction
- 61.66
- Diversification
- 100
- Sizing Uniformity
- 0
Nisa Investment Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.228 — mathematically equivalent to about 4 equally-sized positions, well below its 3180 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 26.44), 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 49% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd IVV
+17.2% $2.7B
Add MSFT
-1.1% $266.7M
New buy 30233Q108
Sold out XOM
Trim AVGO
-0.2% -$33.8M
Trim VCSH
-98.4% -$61.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 3180 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 47.23% | +4.47% | +17.21% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 3.93% | +0.19% | -0.62% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 3.63% | +0.15% | -1.73% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 2.90% | +0.59% | -1.09% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.57% | -0.20% | -0.59% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.46% | +0.02% | +4.89% | |
| 7 | AVGO | Broadcom Inc | Stock-Tech | 1.26% | -0.21% | -0.18% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.24% | -0.19% | -2.22% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.13% | +0.15% | -3.03% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.82% | -0.07% | -1.03% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 0.75% | -0.03% | -0.57% | |
| 12 | MU | Micron Technology Inc | Stock-Tech | 0.73% | -0.13% | -0.81% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.69% | -0.09% | -0.56% | |
| 14 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.52% | -0.16% | -0.32% | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 0.48% | -0.01% | -0.08% | |
| 16 | ✓ | Stock-Other | 0.46% | +0.46% | NEW | ||
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.44% | -0.04% | -2.99% | |
| 18 | MA | Mastercard Inc - A | Stock-Financials | 0.40% | — | -1.26% | |
| 19 | CSCO | Cisco Systems Inc | Stock-Tech | 0.37% | -0.09% | -4.85% | |
| 20 | CAT | Caterpillar Inc | Stock-Industrials | 0.37% | -0.17% | -2.00% | |
| 21 | INTC | Intel CORP | Stock-Tech | 0.36% | -0.10% | -1.05% | |
| 22 | ABBV | Abbvie Inc | Stock-Healthcare | 0.35% | -0.03% | -4.05% | |
| 23 | LRCX | Lam Research CORP | Stock-Tech | 0.34% | -0.17% | -5.25% | |
| 24 | AMAT | Applied Materials Inc | Stock-Tech | 0.33% | -0.18% | -0.70% | |
| 25 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.33% | +0.01% | +10.59% | |
| 26 | BAC | Bank Of America CORP | Stock-Financials | 0.33% | -0.03% | +3.26% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.30% | -0.03% | -0.48% | |
| 28 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.29% | -0.04% | -1.55% | |
| 29 | WMT | Walmart Inc | Stock-Consumer Staples | 0.28% | -0.12% | -16.09% | |
| 30 | CVX | Chevron CORP | Stock-Energy | 0.28% | +0.01% | -6.37% | |
| 31 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.28% | -0.04% | +0.31% | |
| 32 | MS | Morgan Stanley | Stock-Financials | 0.27% | -0.06% | -1.35% | |
| 33 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.26% | — | -3.22% | |
| 34 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.26% | -0.07% | -0.77% | |
| 35 | TXN | Texas Instruments Inc | Stock-Tech | 0.26% | -0.06% | -3.46% | |
| 36 | NFLX | Netflix Inc | Stock-Comm Services | 0.26% | -0.03% | -3.22% | |
| 37 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.24% | -0.02% | +13.42% | |
| 38 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.24% | -0.03% | — | |
| 39 | HD | Home Depot Inc | Stock-Consumer Disc | 0.24% | -0.08% | +1.34% | |
| 40 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.23% | -0.01% | -0.42% | |
| 41 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.22% | +0.07% | +0.78% | |
| 42 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.22% | +0.04% | -1.80% | |
| 43 | APH | Amphenol Corp-cl A | Stock-Tech | 0.22% | -0.02% | +102.64% | |
| 44 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.22% | -0.03% | -6.05% | |
| 45 | ORCL | Oracle CORP | Stock-Tech | 0.22% | -0.04% | -2.52% | |
| 46 | PM | Philip Morris International | Stock-Consumer Staples | 0.21% | -0.03% | -6.54% | |
| 47 | ADI | Analog Devices Inc | Stock-Tech | 0.21% | -0.03% | -2.10% | |
| 48 | SUB | Ishares Short-term National | ETF-Other | 0.21% | -0.01% | +0.78% | |
| 49 | AMGN | Amgen Inc | Stock-Healthcare | 0.20% | +0.02% | +5.22% | |
| 50 | DE | Deere & Co | Stock-Industrials | 0.20% | — | +0.25% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+2.9%
Performance Last 4 Quarters
+15%
- Stdev
- +12.1%
- Beta
- +0.98
- Alpha
- -0.8%
- Max Drawdown
- -7.9%
- Annualized Perf
- +22.3%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.86
- Stutzer
- +0.51
- Treynor
- +0.21
- Sterling
- +1.4
- Calmar
- +2.84
- Information Ratio
- -0.71
- Tracking Error
- +1.8%
- Stdev Down
- +5.4%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +32.3%
- Worst 12 Months
- +5.8%
- Efficiency Ratio
- +0.76
- Sharpe
- +1.74
- Stdev Sectors
- +10.2%
- Skewness
- +0.14
- Kurtosis
- +0.37
- Upside Potential
- +5.27
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 3180 | $34.7B | 17 | ||
| 2026 Q2 | 3211 | $32.0B | 23 | ||
| 2026 Q1 | 3160 | $27.0B | 17 | ||
| 2025 Q4 | 3089 | $30.3B | 24 | ||
| 2025 Q3 | 3101 | $25.9B | 39 | ||
| 2025 Q2 | 3159 | $22.2B | 0 | ||
| 2025 Q1 | 3106 | $20.0B | 100 | ||
| 2024 Q4 | 3132 | $25.8B | 0 | ||
| 2024 Q3 | 3084 | $16.9B | 0 | ||
| 2024 Q2 | 3063 | $15.9B | 0 | ||
| 2024 Q1 | 2916 | $15.4B | 0 | ||
| 2023 Q4 | 2637 | $14.1B | 0 | ||
| 2023 Q3 | 2772 | $13.1B | 0 | ||
| 2023 Q2 | 2802 | $13.6B | 0 | ||
| 2023 Q1 | 2702 | $12.8B | 0 | ||
| 2022 Q4 | 2720 | $12.7B | 0 | ||
| 2022 Q3 | 2593 | $11.8B | 0 | ||
| 2022 Q2 | 2366 | $11.4B | 0 | ||
| 2022 Q1 | 2356 | $14.2B | 0 | ||
| 2021 Q4 | 2138 | $13.3B | 0 | ||
| 2021 Q3 | 2311 | $16.5B | 0 | ||
| 2021 Q2 | 2321 | $16.0B | 99 | ||
| 2021 Q1 | 2304 | $15.8B | 24 | ||
| 2020 Q4 | 2306 | $15.5B | 30 | ||
| 2020 Q3 | 2252 | $12.4B | 19 | ||
| 2020 Q2 | 2063 | $10.9B | 22 | ||
| 2020 Q1 | 2071 | $9.0B | 32 | ||
| 2019 Q4 | 2012 | $11.7B | 13 | ||
| 2019 Q3 | 2013 | $11.3B | 16 | ||
| 2019 Q2 | 2030 | $10.5B | 11 | ||
| 2019 Q1 | 2035 | $10.3B | 18 | ||
| 2018 Q4 | 1958 | $9.0B | 26 | ||
| 2018 Q3 | 1969 | $11.0B | 17 | ||
| 2018 Q2 | 1887 | $9.7B | 14 | ||
| 2018 Q1 | 1864 | $9.6B | 11 | ||
| 2017 Q4 | 1841 | $9.7B | 15 | ||
| 2017 Q3 | 1850 | $8.9B | 12 | ||
| 2017 Q2 | 1837 | $8.5B | 11 | ||
| 2017 Q1 | 1870 | $8.4B | 14 | ||
| 2016 Q4 | 1878 | $8.2B | 16 | ||
| 2016 Q3 | 1860 | $7.7B | 12 | ||
| 2016 Q2 | 1864 | $7.4B | 15 | ||
| 2016 Q1 | 1868 | $7.0B | 18 | ||
| 2015 Q4 | 1234 | $7.0B | 18 | ||
| 2015 Q3 | 1265 | $6.5B | 16 | ||
| 2015 Q2 | 1287 | $7.1B | 12 | ||
| 2015 Q1 | 1319 | $7.3B | 11 | ||
| 2014 Q4 | 1283 | $7.3B | 13 | ||
| 2014 Q3 | 1299 | $7.1B | 10 | ||
| 2014 Q2 | 1311 | $7.2B | 10 | ||
| 2014 Q1 | 1320 | $7.0B | 9 | ||
| 2013 Q4 | 1313 | $7.0B | 11 | ||
| 2013 Q3 | 1304 | $6.5B | 11 | ||
| 2013 Q2 | 1290 | $6.5B | 0 |
Holding changes this quarter
Nisa Investment Advisors, LLC's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Electronic Arts Inc (EA); Sold out: Oneok Inc (OKE); New buy: .
Showing top 200 changes by size (of 3211 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +4.5% | +17.21% | Add |
| 2 | MSFT | Microsoft CORP | +0.6% | -1.09% | Trim |
| 3 | ✓ | +0.5% | NEW | New buy | |
| 4 | NVDA | Nvidia CORP | +0.2% | -0.62% | Trim |
| 5 | AAPL | Apple Inc | +0.2% | -1.73% | Trim |
| 6 | META | Meta Platforms Inc-class A | +0.2% | -3.03% | Trim |
| 7 | PLTR | Palantir Technologies Inc-a | +0.1% | +0.78% | Add |
| 8 | MPC | Marathon Petroleum CORP | +0.1% | -4.51% | Trim |
| 9 | VLO | Valero Energy CORP | 0% | -2.35% | Trim |
| 10 | TMO | Thermo Fisher Scientific Inc | 0% | -1.80% | Trim |
| 11 | PSX | Phillips 66 | 0% | +1.81% | Add |
| 12 | ✓ | 0% | NEW | New buy | |
| 13 | CRM | Salesforce Inc | 0% | -0.20% | Trim |
| 14 | AMZN | Amazon.com Inc | 0% | +4.89% | Add |
| 15 | AMGN | Amgen Inc | 0% | +5.22% | Add |
| 16 | CRWD | Crowdstrike Holdings Inc - A | 0% | +301.90% | Add |
| 17 | MCK | Mckesson CORP | 0% | +14.46% | Add |
| 18 | HPE | Hewlett Packard Enterprise | 0% | -2.62% | Trim |
| 19 | TGT | Target CORP | 0% | +12.18% | Add |
| 20 | ADBE | Adobe Inc | 0% | +9.53% | Add |
| 21 | AU | AngloGold Ashanti plc | 0% | +376.00% | Add |
| 22 | CVX | Chevron CORP | 0% | -6.37% | Trim |
| 23 | QQQ | Invesco Qqq Trust Series 1 | 0% | +10.59% | Add |
| 24 | ANET | Arista Networks Inc | 0% | +3.42% | Add |
| 25 | PANW | Palo Alto Networks Inc | 0% | +1.94% | Add |
| 26 | NOW | Servicenow Inc | 0% | +4.61% | Add |
| 27 | SCHW | Schwab (charles) CORP | 0% | +14.22% | Add |
| 28 | COP | Conocophillips | 0% | -1.90% | Trim |
| 29 | ACN | Accenture plc | 0% | -7.45% | Trim |
| 30 | DINO | Hf Sinclair CORP | 0% | +0.77% | Add |
| 31 | ICE | Intercontinental Exchange In | 0% | +0.81% | Add |
| 32 | ADP | Automatic Data Processing | 0% | -0.18% | Trim |
| 33 | DELL | Dell Technologies -c | 0% | +22.64% | Add |
| 34 | TRV | Travelers Cos Inc/the | 0% | +11.00% | Add |
| 35 | CTAS | Cintas CORP | 0% | +5.51% | Add |
| 36 | COR | Cencora Inc | 0% | +13.30% | Add |
| 37 | EQR | Equity Residential | 0% | +152.59% | Add |
| 38 | HPQ | Hp Inc | 0% | -2.43% | Trim |
| 39 | EXEL | Exelixis Inc | 0% | +195.64% | Add |
| 40 | CTSH | Cognizant Tech Solutions-a | 0% | +4.99% | Add |
| 41 | MRNA | Moderna Inc | 0% | +14.03% | Add |
| 42 | CME | Cme Group Inc | 0% | -2.30% | Trim |
| 43 | NTRA | Natera Inc | 0% | +22.53% | Add |
| 44 | WDAY | Workday Inc-class A | 0% | +153.57% | Add |
| 45 | PYPL | Paypal Holdings Inc | 0% | -0.18% | Trim |
| 46 | INCY | Incyte CORP | 0% | +77.29% | Add |
| 47 | TEAM | Atlassian Corp-cl A | 0% | +456.28% | Add |
| 48 | HALO | Halozyme Therapeutics Inc | 0% | +640.54% | Add |
| 49 | LPLA | Lpl Financial Holdings Inc | 0% | +675.35% | Add |
| 50 | CORT | Corcept Therapeutics Inc | 0% | +103.05% | Add |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Nisa Investment Advisors, LLC and what type of investor is it?
Nisa Investment Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $34.7B, spread across 3180 disclosed positions.
What are Nisa Investment Advisors, LLC's largest equity positions?
Based on the latest 13F filing, Nisa Investment Advisors, LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $16.4B (47.2%)
2. Nvidia CORP (NVDA) — $1.4B (3.9%)
3. Apple Inc (AAPL) — $1.3B (3.6%)
4. Microsoft CORP (MSFT) — $1.0B (2.9%)
5. Alphabet Inc-cl A (GOOGL) — $543.6M (1.6%)
What changes did Nisa Investment Advisors, LLC make in its most recent portfolio filing?
In the latest reported quarter, Nisa Investment Advisors, LLC made 200 notable position adjustments: 2 new positions were initiated, 69 existing holdings were added to, 123 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Electronic Arts Inc (EA); Sold out: Oneok Inc (OKE); New buy:
What sectors does Nisa Investment Advisors, LLC focus on?
Nisa Investment Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 39.2%
• Financials: 11.7%
• Communication Services: 10.0%
• Health Care: 9.9%
• Industrials: 8.7%
• Consumer Discretionary: 8.7%
Investment Profile
Nisa Investment Advisors, LLC returned an annualized 22.3% over the trailing 36 months — underperforming the S&P 500 by 0.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.98 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 39.2% of the portfolio concentrated in Information Technology.
Its concentration score has risen from 41 to 91 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its IVV position over the past two quarters (+$5.9B, now $16.4B), while trimming WMT over the same stretch (-$49.4M, still holding $98.8M).
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Developer Access
Access Nisa Investment Advisors, LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/nisa-investment-advisors-llcCLI
npx alphasmo institutions get nisa-investment-advisors-llc