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Livermore
Livermore
ZHEN

Louisiana State Employees Retirement System

SEC CIK
0001537191
Latest filing
Jul 21, 2026

The latest 13F from Louisiana State Employees Retirement System covers Q2 2026 (filed Jul 21, 2026): 1,523 long positions worth $6.74B. The top 10 holdings make up 27.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.3%. 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
42
Est. +$93.2M
Added
469
Est. +$82.9M
Reduced
780
Est. −$105.7M
Sold out
36
Est. −$46.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.3%$360.4MHistory
  2. AAPLApple Inc.
    4.7%$316.2MHistory
  3. MSFTMicrosoft Corp
    3.1%$206.1MHistory
  4. AMZNAmazon Com Inc
    2.7%$178.9MHistory
  5. GOOGLAlphabet Inc.
    2.3%$155.6MHistory

Share of portfolio

Top 5 holdings and the other 1,518 positions, by share of portfolio value

  1. NVDA5.3%
  2. AAPL4.7%
  3. MSFT3.1%
  4. AMZN2.7%
  5. GOOGL2.3%
  6. Other 1,518 positions81.9%

Biggest buys

New and added positions, by estimated amount bought

  1. SNDKSandisk Corp
    +$21.8MAddedHistory
  2. MRVLMarvell Technology, Inc.
    +$13.0MAddedHistory
  3. HONHoneywell International Inc
    +$8.18MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$8.08MNewHistory
  5. ARMArm Holdings PLC
    +$6.42MAddedHistory

Largest weight increases

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

  1. SNDKSandisk Corp
    +0.49 pp0.1% → 0.6%History
  2. MRVLMarvell Technology, Inc.
    +0.35 pp0.1% → 0.4%History
  3. STXSeagate Technology Holdings plc
    +0.20 pp0.2% → 0.4%History
  4. WDCWestern Digital Corp
    +0.19 pp0.2% → 0.4%History
  5. HONHoneywell International Inc
    +0.12 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$16.8MSold outHistory
  2. FLEXFlex Ltd.
    −$14.2MReducedHistory
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$11.6MReduced
  4. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    −$10.0MReduced
  5. CASYCaseys General Stores Inc
    −$6.99MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.54 pp3.6% → 3.1%History
  2. NFLXNetflix Inc
    −0.32 pp0.8% → 0.5%History
  3. METAMeta Platforms, Inc.
    −0.31 pp1.8% → 1.5%History
  4. HONHoneywell International Inc
    −0.29 pp0.3% → 0.0%History
  5. WMTWalmart Inc.
    −0.28 pp1.2% → 0.9%History

Metrics

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

Portfolio value
$6.74B
+$1.04B (+18.2%) vs. prior quarter
Positions
1,523
+6 vs. prior quarter
Top 10 concentration
27.4%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
19.7 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 $6.74B (Q2 2026)

Q1 2021: $3.83BQ2 2021: $4.12BQ3 2021: $4.14BQ4 2021: $4.56BQ1 2022: $4.22BQ2 2022: $3.74BQ3 2022: $3.41BQ4 2022: $3.65BQ1 2023: $3.95BQ2 2023: $4.52BQ3 2023: $4.36BQ4 2023: $4.81BQ1 2024: $5.14BQ2 2024: $5.19BQ3 2024: $5.44BQ4 2024: $5.32BQ1 2025: $5.03BQ2 2025: $5.52BQ3 2025: $5.96BQ4 2025: $5.83BQ1 2026: $5.70BQ2 2026: $6.74B
Q1 2021Q2 2026
13F filings of Louisiana State Employees Retirement System by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026Amended1,523$6.74BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026Apr 20, 20261,517$5.70BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Jan 16, 20261,522$5.83BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 22, 20251,516$5.96BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 23, 20251,518$5.52BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025May 1, 20251,517$5.03BAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Jan 29, 20251,512$5.32BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Oct 23, 20241,521$5.44BAAPLMSFTNVDAvs. Q2 2024SEC
Q2 2024Jul 24, 20241,518$5.19BMSFTAAPLNVDAvs. Q1 2024SEC
Q1 2024Apr 23, 20241,522$5.14BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Jan 29, 20241,526$4.81BAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Oct 17, 20231,519$4.36BAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Jul 18, 20231,520$4.52BAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023Apr 19, 20231,504$3.95BAAPLMSFTAMZNvs. Q4 2022SEC
Q4 2022Jan 24, 20231,503$3.65BAAPLMSFTAMZNvs. Q3 2022SEC
Q3 2022Oct 19, 20221,498$3.41BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Jul 20, 20221,507$3.74BAAPLMSFTAMZNvs. Q1 2022SEC
Q1 2022Apr 22, 20221,511$4.22BAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Jan 14, 20221,520$4.56BAAPLMSFTAMZNvs. Q3 2021SEC
Q3 2021Oct 12, 20211,512$4.14BAAPLMSFTAMZNvs. Q2 2021SEC
Q2 2021Jul 16, 20211,512$4.12BAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021Apr 14, 20211,511$3.83BAAPLMSFTAMZN–SEC