New York State Common Retirement Fund Q2 2026 Portfolio Changes: Strategic Shifts in Tech and Growth

The New York State Common Retirement Fund (NYSCRF) reported changes to its portfolio holdings as of June 30, 2026. This analysis focuses on the observable buys and sells during this quarter.

The fund's largest Technology holding, NVIDIA Corporation (NVDA), saw a slight reduction in its portfolio percentage allocation (-5.11 points). Similarly, Apple Inc. (AAPL) decreased by -3.73 points, while Microsoft Corporation (MSFT) also showed a decline of -4.37 points.

Conversely, the fund demonstrated significant buying activity in several other sectors during Q2 2026:

• KLA Corporation (KLAC) experienced a substantial increase, adding over 1.3 million shares and boosting its allocation by approximately 840 basis points.
• Compass Inc-Cl A (COMP) saw a massive inflow, with nearly 2 million shares added in the Real Estate sector.
• Pfizer Inc (PFE), despite being a small position (<0.2% allocation), showed an increase of nearly $0.16 billion in value during the quarter.
• Gerdau SA (GGB) added over a million shares, increasing its allocation by more than 107 basis points.
• Booking Holdings Inc (BKNG) also saw significant growth in its position during Q2.

In the Healthcare sector, notable changes occurred:

• Pfizer Inc (PFE) allocation increased slightly by -17.08 basis points.
• Heron Therapeutics Inc (HRTX), a very small holding (<$0.3M value), showed a significant decrease, with nearly -73% of its position sold.
• Pfizer Inc (PFE) allocation increased slightly by -17.08 basis points.

In the Consumer Cyclical sector, both Amazon.com Inc (AMZN) and Tesla Inc (TSLA) saw their portfolio allocations decrease during Q2 2026 (-3.4% and -3.07%, respectively). However, Booking Holdings Inc (BKNG) showed a substantial increase in its position.

In the Communication Services sector:

• Twitter Inc (TWT), now known as X Corp, saw a decrease of -14.04 basis points.
• Micron Technology Inc (MU) experienced a significant reduction in its portfolio allocation (-9.32% change).
• Alphabet Inc - Class C (GOOG) decreased by -4.34 basis points.
• Meta Platforms Inc (META) allocation saw a slight reduction (-19 basis points).

In other sectors, the fund showed activity:

• Bank of America Corp (BAC) allocation decreased by -14.04 basis points.
• Tencent Music Ent (TME) saw a significant increase, boosting its allocation by over 175 basis points.
• In the Real Estate sector, Compass Inc-Cl A (COMP) showed a large buy.
• CNH Industrial NV (CNH) experienced an enormous increase in its position during Q2 (+329% change).
• In the Basic Materials sector, Cemex SA - SPONS ADR (CX) saw a large buy.

No such activity is disclosed for sectors like Consumer Defensive or Industrials based on this specific filing date data.