NEW YORK STATE COMMON RETIREMENT FUND

The New York State Common Retirement Fund held $71.6B across 3,132 positions, with a megacap core — NVIDIA (6.4%), Apple (6.1%), Microsoft (4.6%), Amazon and Alphabet. The Q1 filing leaned defensive: the fund trimmed Microsoft (-$996M), Amazon (-$252M), Tesla (-$241M), Apple, Meta, Eli Lilly, JPMorgan and Visa, while raising ExxonMobil (+$215M). New positions clustered in defense, power and income — RTX, GE Vernova, Linde, Verizon and AT&T — and the fund exited Salesforce, Thermo Fisher, Abbott and Disney. Assets eased from $74.9B to $71.6B.