New Jersey Better Educational Savings Trust 13F annual report
New Jersey Better Educational Savings Trust is an investment fund managing more than $50 billion ran by Shoaib Khan. There are currently 27 companies in Khan’s portfolio. The largest investments include Ishares Tr and Microsoft, together worth $37.2 billion.
$50 billion Assets Under Management (AUM)
As of 30th July 2024, New Jersey Better Educational Savings Trust’s top holding is 698,945 shares of Ishares Tr currently worth over $35.1 billion and making up 70.2% of the portfolio value.
In addition, the fund holds 4,709 shares of Microsoft worth $2.1 billion, whose value grew 0.7% in the past six months.
The third-largest holding is Apple Inc worth $2.09 billion and the next is NVIDIA Corp worth $1.72 billion, with 13,923 shares owned.
Currently, New Jersey Better Educational Savings Trust's portfolio is worth at least $50 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at New Jersey Better Educational Savings Trust
The New Jersey Better Educational Savings Trust office and employees reside in Trenton, New Jersey. According to the last 13-F report filed with the SEC, Shoaib Khan serves as the Director at New Jersey Better Educational Savings Trust.
Recent trades
In the most recent 13F filing, New Jersey Better Educational Savings Trust revealed that it had opened a new position in
Ishares Tr and bought 698,945 shares worth $35.1 billion.
The investment fund also strengthened its position in NVIDIA Corp by buying
10,703 additional shares.
This makes their stake in NVIDIA Corp total 13,923 shares worth $1.72 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that New Jersey Better Educational Savings Trust is getting rid of from its portfolio.
New Jersey Better Educational Savings Trust closed its position in Mastercard on 6th August 2024.
It sold the previously owned 1,409 shares for $679 million.
Shoaib Khan also disclosed a decreased stake in Microsoft by 0.5%.
This leaves the value of the investment at $2.1 billion and 4,709 shares.
One of the smallest hedge funds
The two most similar investment funds to New Jersey Better Educational Savings Trust are Berylson Capital Partners and Caas Capital Management L.P.. They manage $49.9 billion and $49.8 billion respectively.
Shoaib Khan investment strategy
New Jersey Better Educational Savings Trust’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 13.1% of
the total portfolio value.
The fund focuses on investments in the United States as
59.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
59% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $540 billion.
The complete list of New Jersey Better Educational Savings Trust trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
Opened
698,945
|
$35,094,029,000 | 70.23% |
| Microsoft Corporation |
53.49%
4,709
|
$2,104,688,000 | 4.21% |
| Apple Inc |
56.66%
9,936
|
$2,092,720,000 | 4.19% |
| NVIDIA Corp |
332.39%
13,923
|
$1,720,047,000 | 3.44% |
| Amazon.com Inc. |
53.76%
5,858
|
$1,132,059,000 | 2.27% |
| Alphabet Inc |
58.24%
7,066
|
$1,289,514,000 | 2.58% |
| Meta Platforms Inc |
55.43%
1,366
|
$688,765,000 | 1.38% |
| Mastercard Incorporated |
Closed
1,409
|
$678,532,000 | |
| Visa Inc |
Closed
2,241
|
$625,418,000 | |
| Jpmorgan Chase Co. |
53.30%
3,017
|
$610,218,000 | 1.22% |
| Chevron Corp. |
Closed
3,861
|
$609,034,000 | |
| Eli Lilly Co |
67.03%
629
|
$569,484,000 | 1.14% |
| Conocophillips |
Closed
4,300
|
$547,304,000 | |
| Unitedhealth Group Inc |
Closed
1,063
|
$525,866,000 | |
| Abbvie Inc |
Closed
2,790
|
$508,059,000 | |
| Salesforce Inc |
Closed
1,656
|
$498,754,000 | |
| Martin Marietta Matls Inc |
Closed
800
|
$491,152,000 | |
| United Rentals, Inc. |
Closed
670
|
$483,144,000 | |
| Cisco Sys Inc |
Closed
8,160
|
$407,266,000 | |
| Mcdonalds Corp |
Closed
1,428
|
$402,625,000 | |
| Berkshire Hathaway Inc. |
62.19%
972
|
$395,410,000 | 0.79% |
| Medtronic Plc |
Closed
4,510
|
$393,047,000 | |
| Exxon Mobil Corp. |
58.72%
3,370
|
$387,954,000 | 0.78% |
| Rockwell Automation Inc |
Closed
1,330
|
$387,469,000 | |
| Tesla Inc |
Closed
2,175
|
$382,343,000 | |
| Patrick Inds Inc |
Closed
3,120
|
$372,746,000 | |
| Limbach Holdings Inc |
Closed
8,900
|
$368,638,000 | |
| Prudential Finl Inc |
Closed
3,100
|
$363,940,000 | |
| Booking Holdings Inc |
Closed
100
|
$362,788,000 | |
| RTX Corp |
Closed
3,648
|
$355,789,000 | |
| Procter And Gamble Co |
56.27%
2,102
|
$346,662,000 | 0.69% |
| General Electric Co |
Closed
1,962
|
$344,390,000 | |
| NextEra Energy Inc |
Closed
5,128
|
$327,730,000 | |
| Merck Co Inc |
67.75%
2,605
|
$322,499,000 | 0.65% |
| Fedex Corp |
Closed
1,100
|
$318,714,000 | |
| Walmart Inc |
49.53%
4,650
|
$314,852,000 | 0.63% |
| Oracle Corp. |
Closed
2,500
|
$314,025,000 | |
| Broadcom Inc |
84.16%
194
|
$311,473,000 | 0.62% |
| Humana Inc. |
Closed
895
|
$310,314,000 | |
| Progressive Corp. |
Closed
1,500
|
$310,230,000 | |
| Waste Mgmt Inc Del |
Closed
1,440
|
$306,936,000 | |
| Tjx Cos Inc New |
Closed
2,977
|
$301,927,000 | |
| Accenture Plc Ireland |
Closed
865
|
$299,818,000 | |
| Cencora Inc. |
Closed
1,220
|
$296,448,000 | |
| Vertex Pharmaceuticals, Inc. |
Closed
700
|
$292,607,000 | |
| Thor Inds Inc |
Closed
2,439
|
$286,192,000 | |
| Netflix Inc. |
Closed
470
|
$285,445,000 | |
| Chubb Limited |
Closed
1,100
|
$285,043,000 | |
| Johnson Johnson |
61.41%
1,941
|
$283,697,000 | 0.57% |
| Thermo Fisher Scientific Inc. |
Closed
480
|
$278,981,000 | |
| Automatic Data Processing In |
Closed
1,109
|
$276,962,000 | |
| Bristol-Myers Squibb Co. |
Closed
5,074
|
$275,163,000 | |
| Adobe Inc |
Closed
540
|
$272,484,000 | |
| Costco Whsl Corp New |
70.35%
319
|
$271,147,000 | 0.54% |
| Republic Svcs Inc |
Closed
1,400
|
$268,016,000 | |
| Honeywell International Inc |
Closed
1,300
|
$266,825,000 | |
| Lam Research Corp. |
Closed
270
|
$262,324,000 | |
| Bank America Corp |
54.21%
6,297
|
$250,432,000 | 0.50% |
| American Tower Corp. |
Closed
1,267
|
$250,347,000 | |
| Marsh Mclennan Cos Inc |
Closed
1,200
|
$247,176,000 | |
| Intuit Inc |
Closed
380
|
$247,000,000 | |
| Deere Co |
Closed
600
|
$246,444,000 | |
| Prologis Inc |
Closed
1,887
|
$245,725,000 | |
| Texas Instrs Inc |
Closed
1,405
|
$244,765,000 | |
| Advanced Micro Devices Inc. |
31.77%
1,501
|
$243,477,000 | 0.49% |
| Lowes Cos Inc |
Closed
950
|
$241,994,000 | |
| Textron Inc. |
Closed
2,510
|
$240,784,000 | |
| Abbott Labs |
Closed
2,085
|
$236,981,000 | |
| Linde Plc. |
Closed
490
|
$227,517,000 | |
| ServiceNow Inc |
Closed
295
|
$224,908,000 | |
| AMGEN Inc. |
Closed
790
|
$224,613,000 | |
| Pepsico Inc |
Closed
1,282
|
$224,363,000 | |
| Coca-Cola Co |
Closed
3,666
|
$224,286,000 | |
| Home Depot, Inc. |
53.63%
646
|
$222,379,000 | 0.44% |
| Constellation Energy Corp |
Closed
1,199
|
$221,635,000 | |
| Danaher Corp. |
Closed
870
|
$217,256,000 | |
| Caterpillar Inc. |
53.79%
647
|
$215,516,000 | 0.43% |
| CVS Health Corp |
Closed
2,700
|
$215,352,000 | |
| Cigna Group (The) |
Closed
591
|
$214,645,000 | |
| Boeing Co. |
Closed
1,100
|
$212,289,000 | |
| Qualcomm, Inc. |
54.39%
1,065
|
$212,127,000 | 0.42% |
| Mondelez International Inc. |
Closed
3,014
|
$210,980,000 | |
| Albemarle Corp. |
Closed
1,600
|
$210,784,000 | |
| Astrazeneca plc |
Closed
3,100
|
$210,025,000 | |
| Comcast Corp New |
45.53%
5,338
|
$209,036,000 | 0.42% |
| Pfizer Inc. |
Closed
7,462
|
$207,071,000 | |
| Equinix Inc |
Closed
250
|
$206,333,000 | |
| Truist Finl Corp |
Closed
5,292
|
$206,282,000 | |
| Disney Walt Co |
43.96%
2,077
|
$206,225,000 | 0.41% |
| Citigroup Inc |
Closed
3,211
|
$203,064,000 | |
| Wells Fargo Co New |
54.09%
3,398
|
$201,807,000 | 0.40% |
| Goldman Sachs Group, Inc. |
44.38%
445
|
$201,282,000 | 0.40% |
| Att Inc |
Closed
10,100
|
$177,760,000 | |
| Warner Bros.Discovery Inc |
Opened
10,212
|
$75,977,000 | 0.15% |
| Pitney Bowes, Inc. |
Closed
16,200
|
$70,146,000 | |
| No transactions found | |||
| Showing first 500 out of 95 holdings | |||
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