New Jersey, October 26, 2025
The New Jersey pension fund has decided to reduce its investment position in Lam Research Corporation amid fluctuations within the semiconductor industry. This strategic adjustment is a part of the fund’s broader efforts to diversify its portfolio and mitigate risk associated with market unpredictability. By reallocating funds, the pension fund aims to ensure more stable returns while navigating challenges in the semiconductor sector.
Trenton, New Jersey – October 26, 2025
The State of New Jersey Common Pension Fund D has announced a reduction in its holdings of Lam Research Corporation (NASDAQ: LRCX) as part of its strategy to diversify investments amidst the current volatility in the semiconductor industry.
Details of the Reduction
In the first quarter of 2025, the pension fund reduced its stake in Lam Research by 10.8%, selling 6,245 shares. The current value of the fund’s holdings in the company stands at approximately $3,029,000. This decision is part of a broader approach to minimize risk and enhance stability within its investment portfolio.
Context and Implications
The semiconductor industry has faced significant fluctuations due to factors like supply chain issues, rapid technological developments, and overall economic conditions. The New Jersey pension fund’s decision to lower its investment in Lam Research aims to mitigate exposure in this unpredictable sector, thereby ensuring a more robust investment strategy. This move is consistent with actions taken by other institutional investors who are also navigating similar challenges in the semiconductor market.
About Lam Research Corporation
Lam Research Corporation specializes in wafer fabrication equipment and services for the semiconductor industry, playing an essential role in the production of integrated circuits. Despite its recent struggles, the company remains a significant entity in the semiconductor equipment market.
About the State of New Jersey Common Pension Fund D
The State of New Jersey Common Pension Fund D manages assets dedicated to New Jersey’s public employees, striving to achieve financial security through diversified investment strategies that balance risk and return.
Recent Investment Adjustments by the Fund
Alongside the reduction in Lam Research, the State of New Jersey Common Pension Fund D has made several adjustments to its investment portfolio, including:
- Carrier Global Corporation (NYSE: CARR): Reduced holdings by 10.5%, selling 30,933 shares for a total value of $16,777,000.
- KLA Corporation (NASDAQ: KLAC): Decreased stake by 8.1%, selling 3,966 shares, resulting in holdings valued at $30,774,000.
- Bio-Techne Corp (NASDAQ: TECH): Reduced position by 10.8%, giving a total value of $3,029,000 after selling 6,245 shares.
- Las Vegas Sands Corp. (NYSE: LVS): Lowered position by 7.6%, after selling 10,314 shares, leaving holdings valued at $4,823,000.
- Lithia Motors, Inc. (NYSE: LAD): Trimmed holdings by 8.6%, selling 835 shares for a total value of $2,600,000.
These moves demonstrate the fund’s proactive approach to managing its investments in response to changing market conditions, all in an effort to protect the financial interests of public employees in New Jersey.
Conclusion
The reduction in shares of Lam Research Corporation by the State of New Jersey Common Pension Fund D highlights the fund’s commitment to effective investment management. By strategically adjusting its holdings based on trends in the semiconductor industry, the fund aims to maintain a balanced investment strategy, ensuring long-term financial security for its beneficiaries.
Frequently Asked Questions (FAQ)
What is the State of New Jersey Common Pension Fund D?
The State of New Jersey Common Pension Fund D is a public pension fund that manages assets for the benefit of New Jersey’s public employees. The fund’s investment decisions are guided by a commitment to achieving long-term financial security for its beneficiaries, employing strategies that balance risk and return across a diverse array of asset classes.
Why did the State of New Jersey Common Pension Fund D reduce its holdings in Lam Research Corporation?
The fund reduced its holdings in Lam Research Corporation by 10.8% in the first quarter of 2025, selling 6,245 shares, resulting in holdings valued at approximately $3,029,000. This decision reflects the fund’s ongoing efforts to diversify its investment portfolio amid fluctuations in the semiconductor industry.
What is Lam Research Corporation?
Lam Research Corporation is a prominent provider of wafer fabrication equipment and services to the semiconductor industry. The company’s products are essential for the production of integrated circuits, serving a critical role in the global electronics supply chain.
What other recent investment adjustments has the State of New Jersey Common Pension Fund D made?
In addition to the reduction in Lam Research, the fund has made several other adjustments to its investment portfolio in recent months, including reductions in holdings of Carrier Global Corporation, KLA Corporation, Bio-Techne Corp, Las Vegas Sands Corp., and Lithia Motors, Inc.
How does the State of New Jersey Common Pension Fund D manage its investments?
The fund employs a proactive approach to managing its investments, making strategic adjustments in response to evolving market conditions to safeguard the financial interests of New Jersey’s public employees.
Investment Adjustments by the State of New Jersey Common Pension Fund D
| Company | Ticker Symbol | Action Taken | Percentage Change | Number of Shares Sold | Value of Holdings After Sale |
|---|---|---|---|---|---|
| Carrier Global Corporation | CARR | Reduced Holdings | 10.5% | 30,933 shares | $16,777,000 |
| KLA Corporation | KLAC | Decreased Stake | 8.1% | 3,966 shares | $30,774,000 |
| Bio-Techne Corp | TECH | Reduced Position | 10.8% | 6,245 shares | $3,029,000 |
| Las Vegas Sands Corp. | LVS | Lowered Position | 7.6% | 10,314 shares | $4,823,000 |
| Lithia Motors, Inc. | LAD | Trimmed Holdings | 8.6% | 835 shares | $2,600,000 |
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