SECURIAN ASSET MANAGEMENT, INC

Registered adviser

CIK

1035350

Location

ST PAUL, MN

Portfolio Value

Mid $2,435,235,784

Diversification

Diversified

Filing Date

Global Rank

#1,371 / 8,811 ▼ 4

Top Industry

Semiconductors 14.8%

Period ended 4 months ago

Filed Jul 23, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 109905

Roster of Oct 1, 2026

Regulatory AUM

$41,558,122,082

Main clients

Insurance companies (88% of AUM)

Registered funds advised

11 series (2 index, 0 ETFs)

$4,515,803,927 net assets· N-CEN Dec 31, 2025

LEI

5URRAMPU5ELNW8AQJB87

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$41,558,122,082	Insurance companies (88%)
Apr 2025 to Mar 2026	$43,813,613,953	Insurance companies (78%)
Sep 2024 to Mar 2025	$42,989,647,472	Insurance companies (77%)
Apr 2024 to Aug 2024	$44,143,930,186	Insurance companies (75%)
Oct 2023 to Mar 2024	$43,356,548,771	Insurance companies (72%)
May 2023 to Sep 2023	$41,062,828,200	Insurance companies (73%)

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 36.6%, 55.5 effective positions, active share 25.1% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

5.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.4 quarters (12+), a floor since 81.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 25.1%; sector active share 9.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

926 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.9%

+0.9 pts

Top 5

24.9%

+2.9 pts

Top 10

36.6%

+4.3 pts

HHI

180

Diversified+34

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	29.9%	$727,359,257	144
Unclassified	18.4%	$448,560,903	25
Financial Services	9.6%	$234,741,206	130
Industrials	8.7%	$212,409,595	155
Consumer Cyclical	7.8%	$190,667,912	114
Healthcare	7.3%	$176,790,363	93
Communication Services	7.1%	$173,587,154	30
Consumer Defensive	3.5%	$85,979,329	49
Real Estate	2.1%	$50,503,592	62
Energy	2.0%	$48,174,031	38
Utilities	1.9%	$45,235,665	45
Basic Materials	1.7%	$41,226,777	41

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		+2,855,208	3,569,010	$97,826,564
KLAC	Kla Corp	+31,157	34,730	$10,478,388
CRWD	CrowdStrike Holdings, Inc.	+20,040	26,864	$20,500,992
BKNG	Booking Holdings Inc.	+19,714	20,591	$3,670,139
CVNA	Carvana Co.	+15,188	19,034	$1,252,817
DVN	Devon Energy Corp	+13,847	30,673	$1,267,408
MLI	Mueller Industries Inc	+8,183	16,366	$2,011,872
PR	Permian Resources Corp	+3,469	58,041	$1,068,534
VOO	VANGUARD 500 INDEX FUND	+2,976	243,447	$167,201,834
CCL	Carnival Corp Ltd.	+2,947	34,148	$975,608
SHC	Sotera Health Co	+2,434	19,605	$347,988
SMCI	Super Micro Computer, Inc.	+1,328	14,963	$438,864
PB	Prosperity Bancshares Inc	+1,271	8,718	$636,675
AHR	American Healthcare REIT, Inc.	+1,135	14,212	$741,155
NLY	Annaly Capital Management Inc	+1,086	54,038	$1,208,289
CYTK	Cytokinetics Inc	+1,000	10,012	$852,922
CTRE	CareTrust REIT, Inc.	+955	17,422	$702,977
VNOM	Viper Energy, Inc.	+625	14,322	$607,252
XEL	Xcel Energy Inc	+604	16,589	$1,332,096
DLR	Digital Realty Trust, Inc.	+424	9,175	$1,647,646
AA	Alcoa Corp	+373	19,461	$1,014,696
POR	Portland General Electric Co	+337	8,534	$442,317
HOMB	Home Bancshares Inc	+329	13,813	$394,361
HIMS	Hims & Hers Health, Inc.	+275	15,629	$541,857
WPC	W. P. Carey Inc.	+273	16,426	$1,174,459
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FLEX	Flex Ltd.	−17,331	9,770	$1,583,423
NVDA	Nvidia Corp	−15,608	643,612	$128,780,325
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	−9,200	430,517	$0
HON	Honeywell International Inc	−8,855	8,408	$1,882,551
AAPL	Apple Inc.	−7,989	390,287	$112,933,446
PINS	Pinterest, Inc.	−7,627	35,527	$747,132
DD	DuPont de Nemours, Inc.	−7,466	3,634	$492,915
BAC	Bank Of America Corp	−6,518	173,491	$9,885,517
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	−6,350	5,450	$368,202
T	At&T Inc.	−5,276	184,638	$3,822,006
IDEV	iShares Core MSCI International Developed Markets ETF	−5,000	231,229	$0
AMZN	Amazon Com Inc	−4,889	260,122	$61,997,477
MSFT	Microsoft Corp	−4,050	197,396	$73,632,655
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−3,800	173,260	$8,971,402
IAGG	iShares Core International Aggregate Bond ETF	−3,700	170,326	$0
CRM	Salesforce, Inc.	−3,681	21,738	$3,405,475
IVV	iShares Core S&P 500 ETF	−3,615	195,555	$0
VZ	Verizon Communications Inc	−3,443	110,957	$4,697,919
AVGO	Broadcom Inc.	−2,809	125,814	$47,526,238
PFE	Pfizer Inc	−2,766	151,478	$3,647,590
CMCSA	Comcast Corp	−2,673	94,674	$2,324,246
NFLX	Netflix Inc	−2,646	111,894	$7,989,231
USHY	iShares Broad USD High Yield Corporate Bond ETF	−2,600	119,486	$0
WFC	Wells Fargo & Company	−2,579	81,318	$6,720,119
WMT	Walmart Inc.	−2,422	116,497	$13,194,450
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
MRVL	Marvell Technology, Inc.	23,266	$6,930,708
HONA	Honeywell Aerospace Inc.	8,407	$1,858,619
ROKU	Roku, Inc	9,675	$1,336,504
CDE	Coeur Mining, Inc.	76,290	$1,245,052
PNFP	Pinnacle Financial Partners, Inc.	11,105	$1,120,272
SMTC	Semtech Corp	6,867	$1,111,423
SANM	Sanmina Corp	3,953	$1,000,425
TOST	Toast, Inc.	34,670	$964,519
DOCN	DigitalOcean Holdings, Inc.	6,003	$942,651
VIAV	Viavi Solutions Inc.	17,250	$823,687
BTSG	BrightSpring Health Services, Inc.	11,675	$814,214
SN	SharkNinja, Inc.	5,211	$793,478
VEEV	Veeva Systems Inc	4,027	$714,671
ALSN	Allison Transmission Holdings Inc	6,137	$691,885
AMCR	Amcor plc	12,310	$533,638
IESC	IES Holdings, Inc.	647	$475,325
FDXF	FedEx Freight Holding Company, Inc.	2,881	$435,031
SIRI	Sirius Xm Holdings Inc.	13,946	$411,964
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	113,369	$19,234,184
CAG	Conagra Brands Inc.	12,907	$202,898
EPAM	EPAM Systems, Inc.	1,489	$201,610
POOL	Pool Corp	870	$176,027
GT	Goodyear Tire & Rubber Co	21,099	$139,886
BRBR	Bellring Brands, Inc.	8,644	$139,081
FLO	Flowers Foods Inc	15,566	$126,862
CPB	CAMPBELL'S Co	5,242	$116,739
BLKB	Blackbaud Inc	2,563	$98,957
CNXC	Concentrix Corp	3,151	$86,211
COTY	Coty Inc.	27,243	$54,758
—		20,580	$0
—		3,314	$0
—		9,006	$0
—		6,000	$0
—		2,034	$0
—		3,333	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

926 tracked positions · $2,435,235,784 total · filing declares 926 positions · $2,782,786,685 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 926 positions by value · page 1 of 19

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Added	243,447	+2,976	$167,201,834	—	26+	before history	6.87%
NVDA	Nvidia Corp Technology	Reduced	643,612	-15,608	$128,780,325	+12.0%	26+	before history	5.29%
AAPL	Apple Inc. Technology	Reduced	390,287	-7,989	$112,933,446	+11.7%	26+	before history	4.64%
		Added	3,569,010	+2,855,208	$97,826,564	+404.9%	26+	before history	4.02%
MSFT	Microsoft Corp Technology	Reduced	197,396	-4,050	$73,632,655	−1.3%	26+	before history	3.02%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	260,122	-4,889	$61,997,477	+12.3%	26+	before history	2.55%
GOOGL	Alphabet Inc. Communication Services	Reduced	155,815	-2,127	$55,683,606	+22.6%	26+	before history	2.29%
SPLV	Invesco S&P 500 Low Volatility ETF	Held	690,000	0	$51,681,000	+2.4%	26+	before history	2.12%
SCHD	Schwab U.S. Dividend Equity ETF	Held	1,581,000	0	$50,133,510	+3.4%	16	unpriced	2.06%
AVGO	Broadcom Inc. Technology	Reduced	125,814	-2,809	$47,526,238	+19.4%	26+	before history	1.95%
GOOG	Alphabet Inc. Communication Services	Reduced	125,595	-1,276	$44,376,481	+21.9%	26+	before history	1.82%
MU	Micron Technology Inc Technology	Reduced	29,986	-536	$34,612,539	+235.7%	26+	before history	1.42%
META	Meta Platforms, Inc. Communication Services	Reduced	58,370	-965	$32,879,237	−3.1%	26+	before history	1.35%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	74,812	-1,485	$31,465,927	+10.9%	23	unpriced	1.29%
LLY	ELI LILLY & Co Healthcare	Reduced	21,012	-482	$25,202,425	+27.5%	26+	before history	1.03%
AMD	Advanced Micro Devices Inc Technology	Reduced	43,330	-939	$25,170,830	+179.5%	26+	before history	1.03%
SPY	Spdr S&P 500 ETF Trust	Held	33,000	0	$24,643,410	+14.8%	7	$589.16	1.01%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	48,717	-1,030	$24,377,499	+2.3%	26+	before history	1.00%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	71,205	-1,939	$23,307,532	+8.3%	26+	before history	0.96%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	26,864	+20,040	$20,500,992	+669.5%	9	$509.01	0.84%
INTC	Intel Corp Technology	Reduced	125,543	-1,832	$17,529,569	+211.9%	26+	before history	0.72%
JNJ	Johnson & Johnson Healthcare	Reduced	63,968	-1,409	$16,245,952	+1.7%	26+	before history	0.67%
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	Held	215,206	0	$16,200,707	+16.3%	26+	before history	0.67%
AMAT	Applied Materials Inc Technology	Reduced	21,046	-487	$15,216,258	+106.7%	26+	before history	0.62%
V	Visa Inc. Financial Services	Reduced	44,103	-1,502	$15,131,298	+9.8%	26+	before history	0.62%
LRCX	Lam Research Corp Technology	Reduced	33,270	-607	$14,416,889	+99.2%	6	$78.75	0.59%
NEAR	iShares Short Duration Bond Active ETF	Held	283,620	0	$14,368,189	−0.4%	26+	before history	0.59%
WMT	Walmart Inc. Consumer Defensive	Reduced	116,497	-2,422	$13,194,450	−10.7%	26+	before history	0.54%
CAT	Caterpillar Inc Industrials	Reduced	12,239	-384	$13,033,311	+45.7%	26+	before history	0.54%
CSCO	Cisco Systems, Inc. Technology	Reduced	104,961	-2,195	$12,328,719	+48.3%	26+	before history	0.51%
ABBV	AbbVie Inc. Healthcare	Reduced	46,949	-997	$11,814,246	+13.3%	26+	before history	0.49%
APH	Amphenol Corp Technology	Reduced	32,648	-636	$11,512,990	+36.9%	26+	before history	0.47%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	11,826	-225	$11,062,868	−7.9%	26+	before history	0.45%
MA	Mastercard Inc Financial Services	Reduced	21,442	-652	$11,012,611	−0.2%	26+	before history	0.45%
EWG	iShares MSCI Germany ETF	Held	265,791	0	$10,995,773	+4.3%	26+	before history	0.45%
KLAC	Kla Corp Technology	Added	34,730	+31,157	$10,478,388	+99.2%	26+	before history	0.43%
GE	General Electric Co Industrials	Reduced	27,725	-728	$10,361,664	+28.3%	19	unpriced	0.43%
UNH	Unitedhealth Group Inc Healthcare	Reduced	24,133	-398	$10,030,398	+51.1%	26+	before history	0.41%
BAC	Bank Of America Corp Financial Services	Reduced	173,491	-6,518	$9,885,517	+12.6%	26+	before history	0.41%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	26,422	-644	$9,318,510	+4.7%	26+	before history	0.38%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	61,916	-1,130	$9,079,362	−0.3%	26+	before history	0.37%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	173,260	-3,800	$8,971,402	+8.0%	7	$40.91	0.37%
SNDK	Sandisk Corp Technology	Reduced	3,919	-100	$8,910,747	+249.0%	3	$228.14	0.37%
MRK	Merck & Co., Inc. Healthcare	Reduced	65,631	-1,702	$8,433,583	+4.1%	26+	before history	0.35%
GEV	GE Vernova Inc. Industrials	Reduced	7,141	-171	$8,389,675	+31.4%	9	$158.47	0.34%
KO	Coca Cola Co Consumer Defensive	Reduced	102,897	-2,129	$8,362,439	+4.7%	26+	before history	0.34%
CVX	Chevron Corp Energy	Reduced	49,747	-1,106	$8,246,062	−21.6%	26+	before history	0.34%
NFLX	Netflix Inc Communication Services	Reduced	111,894	-2,646	$7,989,231	−27.5%	26+	before history	0.33%
GS	Goldman Sachs Group Inc Financial Services	Reduced	7,839	-317	$7,928,129	+14.9%	26+	before history	0.33%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	41,373	-855	$7,484,789	+7.2%	26+	before history	0.31%

Showing the top 50 of 926 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.