NISA INVESTMENT ADVISORS, LLC

Registered adviser

CIK

937615

Location

ST. LOUIS, MO

Portfolio Value

Large $34,570,958,272

Diversification

Moderately concentrated

Reports for

Washington University

Filing Date

Global Rank

#263 / 8,819 ▼ 9 · as of Jun 2026

Top Industry

Semiconductors 15.6%

Period ended 29 days ago

Filed Oct 20, 2026 · 9d

27 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 107313

Roster of Oct 1, 2026

Regulatory AUM

$343,889,703,371

Main clients

Pension and profit sharing plans (52% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$696,695,780 gross assets

LEI

549300L1IG2JOW7XNY28

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	$343,889,703,371	Pension and profit sharing plans (52%)
Apr 2025 to Mar 2026	$315,286,272,054	Pension and profit sharing plans (54%)
Apr 2024 to Mar 2025	$306,242,186,324	Pension and profit sharing plans (58%)
May 2023 to Mar 2024	$277,313,111,722	Pension and profit sharing plans (60%)
Apr 2023	$277,313,111,722	Pension and profit sharing plans (60%)
Apr 2022 to Mar 2023	$360,008,647,430	Pension and profit sharing plans (66%)

3 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 62.2% of the book (60%+)

Turnover

Low turnover

12.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.5 quarters (12+), a floor since 43.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 41.3%; sector active share 32.5% 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

3,060 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

48.1%

+4.3 pts

Top 5

61.4%

+4.9 pts

Top 10

66.9%

+4.6 pts

HHI

2,374

Moderately concentrated+395

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	49.2%	$17,018,297,494	42
Technology	19.4%	$6,719,281,839	434
Financial Services	6.2%	$2,134,236,568	483
Communication Services	5.0%	$1,724,022,867	139
Healthcare	4.9%	$1,702,470,765	515
Industrials	4.5%	$1,547,581,224	419
Consumer Cyclical	4.3%	$1,473,709,739	333
Consumer Defensive	2.1%	$723,976,254	137
Energy	1.9%	$667,636,662	147
Basic Materials	0.9%	$306,176,169	154
Real Estate	0.8%	$292,994,963	178
Utilities	0.8%	$260,573,728	79

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IVV	iShares Core S&P 500 ETF	+3,141,233	21,395,674	$16,385,876,932
APH	Amphenol Corp	+456,138	900,536	$75,915,184
MNST	Monster Beverage Corp	+238,907	473,123	$19,691,379
CRWD	CrowdStrike Holdings, Inc.	+120,968	161,037	$42,634,545
AMZN	Amazon Com Inc	+94,729	2,032,357	$506,361,746
VMRK	Vivmark Residential	+78,388	129,761	$7,884,278
EXEL	Exelixis, Inc.	+71,912	108,670	$6,347,414
QXO	QXO, Inc.	+70,527	71,098	$831,135
BAC	Bank Of America Corp	+65,917	2,085,801	$113,530,147
FLO	Flowers Foods Inc	+63,745	86,989	$482,788
AU	AngloGold Ashanti PLC	+62,093	78,607	$7,385,127
SCHW	Schwab Charles Corp	+53,929	433,286	$42,349,373
WEN	Wendy's Co	+53,384	77,879	$496,868
PRGO	PERRIGO Co plc	+43,854	57,190	$844,124
ORC	Orchid Island Capital, Inc.	+41,102	58,314	$316,645
PCOR	Procore Technologies, Inc.	+36,304	36,335	$1,879,246
DT	Dynatrace, Inc.	+35,516	39,191	$2,262,888
SFL	SFL Corp Ltd.	+33,002	33,754	$444,202
CABA	Cabaletta Bio, Inc.	+32,250	33,061	$63,477
CSX	Csx Corp	+31,421	921,273	$42,848,407
C	Citigroup Inc	+30,247	449,881	$58,250,591
NXDR	Nextdoor Holdings, Inc.	+29,881	50,157	$121,881
MRVL	Marvell Technology, Inc.	+29,571	122,027	$32,240,753
ARI	Apollo Commercial Real Estate Finance, Inc.	+27,120	33,740	$209,188
LKQ	Lkq Corp	+24,839	68,062	$1,553,855
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	−782,643	12,585	$972,191
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	−512,125	8,446	$661,406
UDR	UDR, Inc.	−224,044	21,538	$722,599
PFE	Pfizer Inc	−198,609	972,174	$27,726,402
HST	Host Hotels & Resorts, Inc.	−189,179	405,782	$9,085,458
WMT	Walmart Inc.	−182,229	950,473	$98,773,153
T	At&T Inc.	−158,380	1,477,736	$36,056,758
F	Ford Motor Co	−92,842	669,056	$8,068,815
PK	Park Hotels & Resorts Inc.	−86,363	91,215	$1,406,535
AAPL	Apple Inc.	−66,482	3,785,878	$1,260,773,091
OKE	Oneok Inc	−64,258	141,273	$12,046,348
CSCO	Cisco Systems, Inc.	−61,435	1,205,247	$129,720,734
HTZ	Hertz Global Holdings, Inc	−61,121	1,029	$1,718
KR	Kroger Co	−61,001	204,898	$12,011,120
AM	Antero Midstream Corp	−59,088	66,263	$1,335,862
TJX	Tjx Companies Inc	−55,530	365,688	$48,384,179
TFC	Truist Financial Corp	−53,117	306,361	$14,184,514
CFG	Citizens Financial Group Inc	−50,392	91,649	$5,843,540
DV	DoubleVerify Holdings, Inc.	−46,183	6,272	$84,609
O	Realty Income Corp	−46,158	108,622	$5,898,174
AES	Aes Corp	−44,231	255,036	$3,800,036
NFLX	Netflix Inc	−42,509	1,278,290	$88,943,418
XOM	ExxonMobil Holdings Corp	−42,307	982,485	$159,899,433
UPS	United Parcel Service Inc	−40,713	100,711	$9,410,435
CLNE	Clean Energy Fuels Corp.	−40,315	406	$633
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MBGL	Mobility Global Inc.	64,923	$1,113,429
SKHY	SK hynix Inc.	2,714	$499,783
MQ	Marqeta, Inc.	10,278	$174,674
FRO	Frontline plc	3,300	$162,591
ADIG	Adi Global Distribution Inc.	7,897	$141,514
ARCC	Ares Capital Corp	7,300	$139,430
UMAC	Unusual Machines, Inc.	4,900	$119,952
LEGH	Legacy Housing Corp	2,670	$76,548
IMMX	Immix Biopharma, Inc.	5,000	$52,025
ARMP	Armata Pharmaceuticals, Inc.	13,650	$50,095
BNAI	Brand Engagement Network Inc.	7,850	$47,649
ACRE	Ares Commercial Real Estate Corp	12,000	$46,080
JAN	Janus Living, Inc.	901	$26,696
DOMO	Huckleberry.ai, Inc.	7,115	$24,119
MFP	Midera Food Processing, Inc.	581	$23,716
BXDC	Blackstone Digital Infrastructure Trust Inc.	1,244	$21,570
ALM	Almonty Industries Inc.	1,462	$19,239
FRMI	Fermi Inc.	4,501	$18,949
GFL	GFL Environmental Inc.	293	$12,256
SNAP	Snap Inc	2,049	$11,064
KRMN	Karman Holdings Inc.	291	$9,434
SHAZ	SharonAI Holdings Inc.	162	$8,845
VOR	Vor Biopharma Inc.	438	$8,357
SITC	SITE Centers Corp.	2,450	$8,256
INGM	Ingram Micro Holding Corp	299	$8,016
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		95,740	$19,630,529
—		29,762	$5,615,793
—		83,376	$4,331,383
—		7,775	$2,756,470
—		17,737	$1,355,461
—		5,217	$1,090,040
CPA	Copa Holdings, S.A.	6,200	$964,534
TWOD	Two Harbors Investment Corp.	18,990	$473,800
SKYD	Skydance Corp	35,883	$355,601
—		4,332	$310,778
—		16,376	$310,489
—		6,570	$228,767
—		4,786	$212,833
—		16,100	$188,531
—		5,815	$182,765
—		4,389	$172,575
—		3,595	$134,524
—		1,012	$134,322
—		852	$105,222
KLC	KinderCare Learning Companies, Inc.	24,739	$105,140
CABO	Cable One, Inc.	1,464	$77,753
VRM	Vroom, Inc.	9,441	$72,695
STLA	Stellantis N.V.	12,556	$72,071
—		4,154	$68,582
JRVR	James River Group Holdings, Inc.	14,785	$65,054
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3,060 tracked positions · $34,570,958,272 total · filing declares 3,180 positions · $34,685,069,579 · as of Sep 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 3,060 positions by value · page 1 of 62

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IVV	iShares Core S&P 500 ETF	Added	21,395,674	+3,141,233	$16,385,876,932	+19.9%	47.40%
NVDA	Nvidia Corp Technology	Reduced	5,958,167	-37,342	$1,360,726,179	+13.4%	3.94%
AAPL	Apple Inc. Technology	Reduced	3,785,878	-66,482	$1,260,773,091	+13.1%	3.65%
MSFT	Microsoft Corp Technology	Reduced	1,964,374	-21,659	$1,007,527,424	+36.0%	2.91%
GOOGL	Alphabet Inc. Communication Services	Reduced	1,579,960	-9,419	$543,632,636	−4.3%	1.57%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,032,357	+94,729	$506,361,746	+9.6%	1.46%
AVGO	Broadcom Inc. Technology	Reduced	1,241,456	-2,235	$435,986,932	−7.2%	1.26%
GOOG	Alphabet Inc. Communication Services	Reduced	1,266,114	-28,721	$431,415,684	−5.7%	1.25%
META	Meta Platforms, Inc. Communication Services	Reduced	541,319	-16,891	$392,553,712	+24.8%	1.14%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	860,067	-8,949	$284,535,965	+0.0%	0.82%
AMD	Advanced Micro Devices Inc Technology	Reduced	425,561	-2,438	$260,341,197	+4.7%	0.75%
MU	Micron Technology Inc Technology	Reduced	237,107	-1,941	$252,545,036	−8.5%	0.73%
LLY	ELI LILLY & Co Healthcare	Reduced	207,843	-1,179	$240,490,978	−4.1%	0.70%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	512,718	-1,664	$181,917,473	−15.9%	0.53%
V	Visa Inc. Financial Services	Reduced	459,239	-360	$165,018,349	+4.7%	0.48%
XOM	ExxonMobil Holdings Corp Energy	Reduced	982,485	-42,307	$159,899,433	+14.1%	0.46%
JNJ	Johnson & Johnson Healthcare	Reduced	581,655	-17,911	$153,987,344	+1.1%	0.45%
MA	Mastercard Inc Financial Services	Reduced	249,037	-3,172	$137,336,433	+6.0%	0.40%
CSCO	Cisco Systems, Inc. Technology	Reduced	1,205,247	-61,435	$129,720,734	−12.8%	0.38%
CAT	Caterpillar Inc Industrials	Reduced	159,571	-3,255	$129,378,570	−25.4%	0.37%
INTC	Intel Corp Technology	Reduced	1,042,762	-11,073	$125,371,274	−14.8%	0.36%
ABBV	AbbVie Inc. Healthcare	Reduced	465,844	-19,684	$121,860,131	−0.3%	0.35%
LRCX	Lam Research Corp Technology	Reduced	359,468	-19,914	$118,088,832	−28.2%	0.34%
AMAT	Applied Materials Inc Technology	Reduced	223,421	-1,575	$114,253,030	−29.8%	0.33%
BAC	Bank Of America Corp Financial Services	Added	2,085,801	+65,917	$113,530,147	−1.4%	0.33%
QQQ	Invesco Qqq Trust, Series 1	Added	153,385	+14,693	$113,469,621	+11.1%	0.33%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	207,529	-1,010	$103,339,065	−1.0%	0.30%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	111,955	-1,762	$101,917,114	−4.2%	0.29%
WMT	Walmart Inc. Consumer Defensive	Reduced	950,473	-182,229	$98,773,153	−23.0%	0.29%
CVX	Chevron Corp Energy	Reduced	480,737	-32,722	$98,171,302	+15.3%	0.28%
IJH	iShares Core S&P Mid-Cap ETF	Added	1,328,462	+4,068	$95,582,840	−6.4%	0.28%
MS	Morgan Stanley Financial Services	Reduced	491,849	-6,708	$92,506,959	−11.2%	0.27%
UNH	Unitedhealth Group Inc Healthcare	Reduced	250,024	-1,942	$91,778,809	−12.4%	0.27%
TXN	Texas Instruments Inc Technology	Reduced	326,980	-11,706	$91,583,828	−9.3%	0.26%
MRK	Merck & Co., Inc. Healthcare	Reduced	628,453	-20,928	$91,320,504	+9.4%	0.26%
NFLX	Netflix Inc Communication Services	Reduced	1,278,290	-42,509	$88,943,418	−5.7%	0.26%
GS	Goldman Sachs Group Inc Financial Services	Added	94,367	+11,163	$84,964,272	+1.0%	0.25%
HD	Home Depot, Inc. Consumer Cyclical	Added	295,174	+3,917	$83,974,050	−18.2%	0.24%
KO	Coca Cola Co Consumer Defensive	Reduced	920,131	-3,869	$79,204,875	+5.5%	0.23%
PLTR	Palantir Technologies Inc. Technology	Added	412,572	+3,193	$77,171,592	+61.6%	0.22%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	113,246	-2,070	$76,446,712	+32.2%	0.22%
APH	Amphenol Corp Technology	Added	900,536	+456,138	$75,915,184	−3.1%	0.22%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	521,265	-33,559	$75,729,378	−6.9%	0.22%
ORCL	Oracle Corp Technology	Reduced	549,666	-14,183	$75,469,141	−8.7%	0.22%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	390,149	-27,298	$74,448,232	−1.4%	0.22%
ADI	Analog Devices Inc Technology	Reduced	187,393	-4,014	$74,340,677	−2.2%	0.22%
SUB	iShares Short-Term National Muni Bond ETF	Added	680,590	+5,300	$71,148,878	−1.0%	0.21%
AMGN	Amgen Inc Healthcare	Added	167,256	+8,294	$70,500,076	+22.5%	0.20%
DE	Deere & Co Industrials	Added	101,787	+249	$68,355,059	+6.1%	0.20%
AXP	American Express Co Financial Services	Added	221,677	+1,790	$67,411,975	−9.4%	0.19%

Showing the top 50 of 3,060 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.