Louisiana State Employees Retirement System Portfolio Trends: Q2 2026 Analysis

The Louisiana State Employees Retirement System (LSERS) maintained its investment strategy through the second quarter of 2026, keeping all reported positions unchanged from prior periods. This stability was evident across its diverse holdings.

A detailed analysis of LSERS' portfolio composition as of June 30, 2026, reveals a continued emphasis on Technology stocks. The largest allocation remains NVIDIA Corporation (NVDA) at 5.55%, followed by Apple Inc. (AAPL) and Microsoft Corp. (MSFT), both maintaining their allocations unchanged.

The Technology sector holds a significant portion of the portfolio, accounting for approximately 29.85% as shown in the detailed sector allocation data (sector breakdown). Other substantial sectors include Consumer Cyclical (10.78%), Communication Services (8.93% combined across GOOGL and GOOG), and Industrials.

Key holdings like Amazon.com Inc. (AMZN) at 2.75%, Meta Platforms Inc. (META) at 1.82%, and Tesla Inc. (TSLA) at 1.71% also saw no changes in their share counts during this quarter.

The portfolio's overall structure remained consistent, with Technology being the largest sector allocation at nearly one-third of the total value. Wal-Mart Stores Inc. (WMT) holds a notable Consumer Defensive position at 5.41%. No major buying or selling activities were observed across these specific positions.

In summary, LSERS' portfolio composition was stable in Q2 2026, with no changes reported for the listed holdings and Technology maintaining its dominant sector allocation of approximately 30%.