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Livermore
Livermore
ZHEN

New Mexico Educational Retirement Board

SEC CIK
0000862469
Latest filing
Jul 29, 2026

The latest 13F from New Mexico Educational Retirement Board covers Q2 2026 (filed Jul 29, 2026): 908 long positions worth $3.98B. The top 10 holdings make up 29.6% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.1%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
21
Est. +$64.5M
Added
492
Est. +$252.5M
Reduced
15
Est. −$37.3M
Sold out
20
Est. −$24.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.1%$241.2MHistory
  2. AAPLApple Inc.
    5.3%$211.4MHistory
  3. MSFTMicrosoft Corp
    3.7%$146.3MHistory
  4. AMZNAmazon Com Inc
    2.9%$116.0MHistory
  5. GOOGLAlphabet Inc.
    2.6%$105.0MHistory

Share of portfolio

Top 5 holdings and the other 903 positions, by share of portfolio value

  1. NVDA6.1%
  2. AAPL5.3%
  3. MSFT3.7%
  4. AMZN2.9%
  5. GOOGL2.6%
  6. Other 903 positions79.4%

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$18.8MAddedHistory
  2. NVDANVIDIA Corp
    +$17.9MAddedHistory
  3. AAPLApple Inc.
    +$14.5MAddedHistory
  4. MRVLMarvell Technology, Inc.
    +$13.0MNewHistory
  5. GOOGLAlphabet Inc.
    +$9.72MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +1.07 pp0.5% → 1.6%History
  2. AMDAdvanced Micro Devices Inc
    +0.73 pp0.5% → 1.2%History
  3. INTCIntel Corp
    +0.55 pp0.3% → 0.8%History
  4. AMATApplied Materials Inc
    +0.34 pp0.4% → 0.7%History
  5. MRVLMarvell Technology, Inc.
    +0.33 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NT Collective Short Term Invt FD66586U452
    −$9.83MSold out
  2. LITELumentum Holdings Inc.
    −$9.70MReducedHistory
  3. FLEXFlex Ltd.
    −$9.59MReducedHistory
  4. COHRCoherent Corp.
    −$8.98MReducedHistory
  5. HONHoneywell International Inc
    −$6.55MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NT Collective Short Term Invt FD66586U452
    −0.30 pp0.3% → 0.0%
  2. LITELumentum Holdings Inc.
    −0.24 pp0.3% → 0.1%History
  3. HONHoneywell International Inc
    −0.20 pp0.2% → 0.0%History
  4. COHRCoherent Corp.
    −0.14 pp0.2% → 0.1%History
  5. CASYCaseys General Stores Inc
    −0.13 pp0.2% → <0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.98B
+$726.7M (+22.3%) vs. prior quarter
Positions
908
+1 vs. prior quarter
Top 10 concentration
29.6%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
19.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.98B (Q2 2026)

Q1 2021: $2.52BQ2 2021: $2.91BQ3 2021: $2.87BQ4 2021: $2.98BQ1 2022: $2.71BQ2 2022: $2.08BQ3 2022: $1.85BQ4 2022: $1.86BQ1 2023: $1.98BQ2 2023: $2.28BQ3 2023: $2.33BQ4 2023: $2.61BQ1 2024: $2.79BQ2 2024: $2.86BQ3 2024: $2.97BQ4 2024: $2.98BQ1 2025: $2.79BQ2 2025: $3.06BQ3 2025: $3.22BQ4 2025: $3.35BQ1 2026: $3.25BQ2 2026: $3.98B
Q1 2021Q2 2026
13F filings of New Mexico Educational Retirement Board by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026908$3.98BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026May 4, 2026907$3.25BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 10, 2026907$3.35BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Dec 15, 2025906$3.22BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 30, 2025906$3.06BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025Apr 30, 2025905$2.79BAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Jan 30, 2025905$2.98BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 13, 2024906$2.97BAAPLMSFTNVDAvs. Q2 2024SEC
Q2 2024Aug 6, 2024906$2.86BMSFTNVDAAAPLvs. Q1 2024SEC
Q1 2024Apr 23, 2024Amended905$2.79BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Jan 22, 2024905$2.61BAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Nov 1, 2023905$2.33BAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Jul 17, 2023905$2.28BAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023May 3, 2023907$1.98BAAPLMSFTAMZNvs. Q4 2022SEC
Q4 2022Feb 1, 2023904$1.86BAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Oct 18, 2022904$1.85BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Jul 21, 2022904$2.08BAAPLMSFTAMZNvs. Q1 2022SEC
Q1 2022Apr 1, 2022905$2.71BAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Jan 19, 2022905$2.98BAAPLMSFTAMZNvs. Q3 2021SEC
Q3 2021Oct 19, 2021906$2.87BAAPLMSFTAMZNvs. Q2 2021SEC
Q2 2021Jul 13, 2021906$2.91BAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021Apr 26, 2021906$2.52BAAPLMSFTAMZN–SEC