SO
State of Alaska, Department of Revenue 13F Filings Tracker & Latest Positions (Q3 2026)
State of Alaska, Department of RevenueCIK: 0001370102
Diversified strategyMomentum followerLong-term holder
Total reported value
$9.6B
Reporting period: 2026-09-30 · Number of holdings: 3728
State of Alaska, Department of Revenue disclosed 3728 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $9.6B and a quarterly turnover rate of 18.9%.
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Personality snowflake
- Concentration
- 5.93
- Portfolio Stability
- 18.88
- Momentum
- 75.23
- Sector conviction
- 55.37
- Diversification
- 100
- Sizing Uniformity
- 42.91
State of Alaska, Department of Revenue's disclosed holdings carry a Herfindahl concentration index of 0.015 — mathematically equivalent to about 67 equally-sized positions, well below its 3728 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 5.71), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
-2.7% $115.1M
Add NVDA
-2.6% $60.8M
Add AAPL
-3.0% $60.6M
New buy 30233Q108
Sold out XOM
Add META
-2.3% $39.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 3728 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.30% | +0.89% | -2.61% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 6.04% | +0.88% | -2.97% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 4.74% | +1.36% | -2.68% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.86% | +0.18% | -2.60% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.28% | -0.05% | -2.85% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.25% | -0.02% | -1.78% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.01% | +0.49% | -2.31% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 1.99% | -0.10% | -2.38% | |
| 9 | MU | Micron Technology Inc | Stock-Tech | 1.69% | -0.16% | -5.89% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 1.28% | +0.09% | -2.49% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.16% | +0.03% | -1.42% | |
| 12 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.14% | -0.19% | -2.80% | |
| 13 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.08% | -0.01% | -1.88% | |
| 14 | WELL | Welltower Inc | Stock-Real Estate | 1.03% | +0.08% | +2.18% | |
| 15 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.93% | +0.02% | -3.85% | |
| 16 | ✓ | Stock-Other | 0.83% | +0.83% | NEW | ||
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.80% | +0.05% | -2.54% | |
| 18 | PLD | Prologis Inc | Stock-Real Estate | 0.76% | +0.01% | +1.64% | |
| 19 | INTC | Intel CORP | Stock-Tech | 0.74% | -0.07% | +1.33% | |
| 20 | EQIX | Equinix Inc | Stock-Real Estate | 0.62% | +0.01% | -0.08% | |
| 21 | ABBV | Abbvie Inc | Stock-Healthcare | 0.62% | +0.04% | -2.46% | |
| 22 | V | Visa Inc-class A Shares | Stock-Financials | 0.62% | +0.06% | -0.72% | |
| 23 | MA | Mastercard Inc - A | Stock-Financials | 0.59% | +0.05% | -2.32% | |
| 24 | CSCO | Cisco Systems Inc | Stock-Tech | 0.58% | -0.01% | +2.36% | |
| 25 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.53% | +0.21% | -2.52% | |
| 26 | WMT | Walmart Inc | Stock-Consumer Staples | 0.51% | -0.03% | -1.54% | |
| 27 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.50% | -0.01% | -2.68% | |
| 28 | CVX | Chevron CORP | Stock-Energy | 0.49% | +0.11% | +1.63% | |
| 29 | AMT | American Tower CORP | Stock-Real Estate | 0.47% | +0.02% | -0.09% | |
| 30 | AMAT | Applied Materials Inc | Stock-Tech | 0.47% | -0.15% | +1.44% | |
| 31 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.44% | +0.06% | -2.77% | |
| 32 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.42% | — | -2.79% | |
| 33 | LRCX | Lam Research CORP | Stock-Tech | 0.41% | -0.12% | -3.26% | |
| 34 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.40% | +0.03% | +6.03% | |
| 35 | SPG | Simon Property Group Inc | Stock-Real Estate | 0.40% | -0.02% | -0.14% | |
| 36 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.40% | -0.04% | -3.67% | |
| 37 | BAC | Bank Of America CORP | Stock-Financials | 0.38% | -0.01% | -3.40% | |
| 38 | PM | Philip Morris International | Stock-Consumer Staples | 0.38% | +0.03% | -2.09% | |
| 39 | SNDK | Sandisk CORP | Stock-Tech | 0.38% | -0.13% | -8.30% | |
| 40 | CAT | Caterpillar Inc | Stock-Industrials | 0.37% | -0.11% | -3.51% | |
| 41 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.35% | +0.03% | -3.15% | |
| 42 | QCOM | Qualcomm Inc | Stock-Tech | 0.34% | +0.01% | -1.16% | |
| 43 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.33% | -0.04% | -3.63% | |
| 44 | GE | General Electric | Stock-Industrials | 0.32% | -0.06% | -3.86% | |
| 45 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.32% | +0.05% | -2.84% | |
| 46 | O | Realty Income CORP | Stock-Real Estate | 0.32% | -0.02% | +0.14% | |
| 47 | NFLX | Netflix Inc | Stock-Comm Services | 0.31% | — | -4.12% | |
| 48 | PSA | Public Storage | Stock-Real Estate | 0.30% | — | +6.22% | |
| 49 | RTX | Rtx CORP | Stock-Industrials | 0.28% | -0.01% | -2.82% | |
| 50 | EQR | Equity Residential | Stock-Real Estate | 0.28% | +0.13% | +104.94% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+0.4%
Performance Last 4 Quarters
+13.7%
- Stdev
- +12.3%
- Beta
- +0.98
- Alpha
- -2.4%
- Max Drawdown
- -9.2%
- Annualized Perf
- +20.6%
- Batting Avg vs S&P
- +27.8%
- Sortino
- +3.39
- Stutzer
- +0.47
- Treynor
- +0.2
- Sterling
- +1.26
- Calmar
- +2.23
- Information Ratio
- -1.03
- Tracking Error
- +2.9%
- Stdev Down
- +5.8%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +32%
- Worst 12 Months
- +4.8%
- Efficiency Ratio
- +0.69
- Sharpe
- +1.6
- Stdev Sectors
- +9.2%
- Skewness
- +0.1
- Kurtosis
- +0.19
- Upside Potential
- +4.83
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 3728 | $9.6B | 19 | ||
| 2026 Q2 | 3580 | $10.1B | 20 | ||
| 2026 Q1 | 3577 | $9.2B | 16 | ||
| 2025 Q4 | 3587 | $9.4B | 14 | ||
| 2025 Q3 | 3222 | $9.8B | 23 | ||
| 2025 Q2 | 2735 | $9.3B | 0 | ||
| 2025 Q1 | 2116 | $8.8B | 100 | ||
| 2024 Q4 | 2111 | $8.9B | 0 | ||
| 2024 Q3 | 2412 | $9.4B | 0 | ||
| 2024 Q2 | 2399 | $8.9B | 0 | ||
| 2024 Q1 | 2397 | $8.8B | 0 | ||
| 2023 Q4 | 2401 | $8.4B | 0 | ||
| 2023 Q3 | 2398 | $7.9B | 0 | ||
| 2023 Q2 | 2395 | $8.4B | 0 | ||
| 2023 Q1 | 2387 | $8.4B | 0 | ||
| 2022 Q4 | 2392 | $8.0B | 0 | ||
| 2022 Q3 | 2415 | $7.4B | 0 | ||
| 2022 Q2 | 2393 | $8.2B | 0 | ||
| 2022 Q1 | 2356 | $9.5B | 0 | ||
| 2021 Q4 | 2408 | $10.4B | 0 | ||
| 2021 Q3 | 2389 | $10.0B | 0 | ||
| 2021 Q2 | 2236 | $9.9B | 96 | ||
| 2021 Q1 | 2278 | $9.2B | 13 | ||
| 2020 Q4 | 2348 | $8.8B | 14 | ||
| 2020 Q3 | 2252 | $8.1B | 22 | ||
| 2020 Q2 | 2291 | $7.8B | 31 | ||
| 2020 Q1 | 2268 | $6.3B | 23 | ||
| 2019 Q4 | 2266 | $7.7B | 14 | ||
| 2019 Q3 | 2256 | $7.4B | 47 | ||
| 2019 Q2 | 3722 | $5.9B | 14 | ||
| 2019 Q1 | 3710 | $5.7B | 16 | ||
| 2018 Q4 | 3515 | $5.2B | 21 | ||
| 2018 Q3 | 3531 | $5.9B | 15 | ||
| 2018 Q2 | 3407 | $5.6B | 27 | ||
| 2018 Q1 | 3527 | $4.8B | 21 | ||
| 2017 Q4 | 3535 | $4.2B | 76 | ||
| 2017 Q3 | 2086 | $2.0B | 42 | ||
| 2017 Q2 | 1574 | $1.5B | 23 | ||
| 2017 Q1 | 1561 | $1.4B | 47 | ||
| 2016 Q4 | 991 | $1.1B | 34 | ||
| 2016 Q3 | 386 | $956.4M | 22 | ||
| 2016 Q2 | 379 | $959.6M | 21 | ||
| 2016 Q1 | 384 | $963.2M | 100 | ||
| 2015 Q4 | 400 | $710.8M | 0 | ||
| 2015 Q3 | 232 | $458.0M | 22 | ||
| 2015 Q2 | 227 | $461.1M | 15 | ||
| 2015 Q1 | 227 | $498.7M | 22 | ||
| 2014 Q4 | 226 | $484.7M | 27 | ||
| 2014 Q3 | 208 | $440.0M | 20 | ||
| 2014 Q2 | 209 | $494.0M | 14 | ||
| 2014 Q1 | 204 | $463.7M | 27 | ||
| 2013 Q4 | 201 | $435.1M | 15 | ||
| 2013 Q3 | 199 | $426.0M | 20 | ||
| 2013 Q2 | 193 | $379.9M | 0 |
Holding changes this quarter
State of Alaska, Department of Revenue's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Avalonbay Communities Inc (AVB); Sold out: Electronic Arts Inc (EA); Sold out: Oneok Inc (OKE).
Showing top 200 changes by size (of 2372 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.4% | -2.68% | Trim |
| 2 | NVDA | Nvidia CORP | +0.9% | -2.61% | Trim |
| 3 | AAPL | Apple Inc | +0.9% | -2.97% | Trim |
| 4 | ✓ | +0.8% | NEW | New buy | |
| 5 | META | Meta Platforms Inc-class A | +0.5% | -2.31% | Trim |
| 6 | PLTR | Palantir Technologies Inc-a | +0.2% | -2.52% | Trim |
| 7 | AMZN | Amazon.com Inc | +0.2% | -2.60% | Trim |
| 8 | EQR | Equity Residential | +0.1% | +104.94% | Add |
| 9 | CVX | Chevron CORP | +0.1% | +1.63% | Add |
| 10 | AMD | Advanced Micro Devices | +0.1% | -2.49% | Trim |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +68.25% | Add |
| 12 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +286.78% | Add |
| 13 | WELL | Welltower Inc | +0.1% | +2.18% | Add |
| 14 | NEM | Newmont CORP | +0.1% | +32.71% | Add |
| 15 | TMO | Thermo Fisher Scientific Inc | +0.1% | -3.80% | Trim |
| 16 | CRM | Salesforce Inc | +0.1% | -3.21% | Trim |
| 17 | BE | Bloom Energy Corp- A | +0.1% | +402.02% | Add |
| 18 | MRK | Merck & Co. Inc. | +0.1% | -2.77% | Trim |
| 19 | V | Visa Inc-class A Shares | +0.1% | -0.72% | Trim |
| 20 | ✓ | +0.1% | NEW | New buy | |
| 21 | MPC | Marathon Petroleum CORP | +0.1% | -4.80% | Trim |
| 22 | HALO | Halozyme Therapeutics Inc | +0.1% | -0.61% | Trim |
| 23 | MRNA | Moderna Inc | +0.1% | +1.66% | Add |
| 24 | SO | Southern Co/the | +0.1% | +61.58% | Add |
| 25 | CEG | Constellation Energy | +0.1% | +39.80% | Add |
| 26 | PANW | Palo Alto Networks Inc | +0.1% | -2.84% | Trim |
| 27 | MA | Mastercard Inc - A | +0.1% | -2.32% | Trim |
| 28 | FERG | Ferguson Enterprises Inc | 0% | NEW | New buy |
| 29 | ACN | Accenture plc | 0% | -3.01% | Trim |
| 30 | IVV | Ishares Core S&p 500 ETF | 0% | NEW | New buy |
| 31 | ✓ | 0% | NEW | New buy | |
| 32 | LYB | LyondellBasell Industries N.V. | 0% | +115.76% | Add |
| 33 | DELL | Dell Technologies -c | 0% | +1.03% | Add |
| 34 | NOW | Servicenow Inc | 0% | -3.08% | Trim |
| 35 | AMGN | Amgen Inc | 0% | -2.66% | Trim |
| 36 | ANET | Arista Networks Inc | 0% | -1.99% | Trim |
| 37 | HPE | Hewlett Packard Enterprise | 0% | -13.11% | Trim |
| 38 | GILD | Gilead Sciences Inc | 0% | -2.69% | Trim |
| 39 | T | At&t Inc | 0% | -3.40% | Trim |
| 40 | PFE | Pfizer Inc | 0% | -2.74% | Trim |
| 41 | LIN | Linde plc | 0% | +20.67% | Add |
| 42 | PNW | Pinnacle West Capital | 0% | +138.65% | Add |
| 43 | PSX | Phillips 66 | 0% | -3.78% | Trim |
| 44 | VLO | Valero Energy CORP | 0% | -6.25% | Trim |
| 45 | EVRG | Evergy Inc | 0% | +91.38% | Add |
| 46 | COP | Conocophillips | 0% | -3.68% | Trim |
| 47 | SCHH | Schwab US Reit ETF | 0% | +227.92% | Add |
| 48 | PKG | Packaging CORP Of America | 0% | +117.74% | Add |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.42% | Trim |
| 50 | JPM | Jpmorgan Chase & Co | 0% | -3.85% | Trim |
1–50 of 200
Filing History
FAQ
What is State of Alaska, Department of Revenue and what type of investor is it?
State of Alaska, Department of Revenue 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 $9.6B, spread across 3728 disclosed positions.
What are State of Alaska, Department of Revenue's largest equity positions?
Based on the latest 13F filing, State of Alaska, Department of Revenue's top holdings by market value are:
1. Nvidia CORP (NVDA) — $605.5M (6.3%)
2. Apple Inc (AAPL) — $580.2M (6.0%)
3. Microsoft CORP (MSFT) — $455.4M (4.7%)
4. Amazon.com Inc (AMZN) — $274.3M (2.9%)
5. Alphabet Inc-cl A (GOOGL) — $219.4M (2.3%)
What changes did State of Alaska, Department of Revenue make in its most recent portfolio filing?
In the latest reported quarter, State of Alaska, Department of Revenue made 199 notable position adjustments: 6 new positions were initiated, 30 existing holdings were added to, 156 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Avalonbay Communities Inc (AVB); Sold out: Electronic Arts Inc (EA); Sold out: Oneok Inc (OKE)
What sectors does State of Alaska, Department of Revenue focus on?
State of Alaska, Department of Revenue is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.7%
• Financials: 9.5%
• Real Estate: 9.4%
• Health Care: 9.0%
• Communication Services: 8.9%
• Consumer Discretionary: 8.5%
Investment Profile
State of Alaska, Department of Revenue returned an annualized 20.6% over the trailing 36 months — underperforming the S&P 500 by 2.4 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 28% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 36.7% of the portfolio concentrated in Information Technology.
It has added to its NVDA position over the past two quarters (+$115.5M, now $605.5M), while trimming NFLX over the same stretch (-$13.7M, still holding $29.4M).
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Developer Access
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REST API
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