| State of New Jersey Common Pension Fund D |
| 1.11% | 1.14% | #28 | $325.6M | 11.8M | $296.4M | 11.8M | 00.00% | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO |
| 0.1% | 0.1% | #86 | $195.0M | 7.1M | $162.4M | 6.5M | +601,921+9.32% | Add |
| Valmark Advisers, Inc. |
| 1.95% | 1.94% | #19 | $184.2M | 6.7M | $163.0M | 6.5M | +187,731+2.90% | Add |
| M&T BANK CORP |
| 0.4% | 0.41% | #55 | $135.7M | 4.9M | $119.6M | 4.8M | +159,515+3.35% | Add |
| Creative Planning |
| 0.08% | 0.09% | #95 | $132.6M | 4.8M | $128.7M | 5.1M | -318,941-6.23% | Reduce |
| Polianta Ltd |
| 15.12% | 14.13% | #1 | $122.3M | 4.4M | $106.5M | 4.2M | +194,000+4.58% | Add |
| BlackRock, Inc. |
| <0.01% | <0.01% | #251 | $117.5M | 4.3M | $108.5M | 4.3M | -61,613-1.43% | Reduce |
| MORGAN STANLEY |
| 0.01% | 0.01% | #201 | $99.9M | 3.6M | $88.2M | 3.5M | +166,281+4.82% | Add |
| SageView Advisory Group, LLC |
| 2.93% | — | #7 | $89.5M | 3.2M | $0 | 0 | +3.2M | New Buy |
| GOLDMAN SACHS GROUP INC |
| 0.01% | 0.01% | #187 | $80.0M | 2.9M | $77.4M | 3.1M | -177,932-5.78% | Reduce |
| Savant Capital, LLC |
| 0.21% | 0.3% | #71 | $71.8M | 2.6M | $62.6M | 2.5M | +107,377+4.31% | Add |
| NEPC LLC |
| 1.07% | 1.04% | #29 | $57.5M | 2.1M | $52.3M | 2.1M | 00.00% | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE |
| 0.04% | 0.01% | #119 | $52.1M | 1.9M | $9.2M | 366,588 | +1.5M+407.81% | Add |
| LPL Financial LLC |
| 0.01% | 0.01% | #161 | $50.9M | 1.8M | $46.7M | 1.9M | -13,455-0.72% | Reduce |
| Heritage Investment Group, Inc. |
| 6.49% | 6.59% | #3 | $48.3M | 1.7M | $43.5M | 1.7M | +17,145+0.99% | Add |
| PDS Planning, Inc |
| 2.63% | 2.62% | #12 | $45.4M | 1.6M | $39.7M | 1.6M | +63,864+4.04% | Add |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP |
| 1.6% | 1.51% | #20 | $45.1M | 1.6M | $40.1M | 1.6M | +35,822+2.24% | Add |
| Modera Wealth Management, LLC |
| 0.44% | 0.42% | #49 | $40.8M | 1.5M | $34.7M | 1.4M | +96,301+6.98% | Add |
| HighTower Advisors, LLC |
| 0.04% | 0.03% | #125 | $37.4M | 1.4M | $32.9M | 1.3M | +45,298+3.46% | Add |
| ROYAL BANK OF CANADA |
| <0.01% | <0.01% | #212 | $27.3M | 987,582 | $23.8M | 946,879 | +40,703+4.30% | Add |
| AMERIPRISE FINANCIAL INC |
| 0.01% | <0.01% | #203 | $25.5M | 924,675 | $21.5M | 855,851 | +68,824+8.04% | Add |
| BANK OF AMERICA CORP /DE/ |
| <0.01% | <0.01% | #255 | $23.7M | 859,567 | $21.6M | 857,459 | +2,108+0.25% | Add |
| Capstone Financial Advisors, Inc. |
| 1.15% | 1.15% | #27 | $23.5M | 851,372 | $21.4M | 850,332 | +1,040+0.12% | Add |
| FSM Wealth Advisors, LLC |
| 2.15% | 2.11% | #17 | $20.2M | 731,797 | $16.4M | 652,418 | +79,379+12.17% | Add |
| BRANDYWINE OAK PRIVATE WEALTH LLC |
| 1.48% | 1.47% | #21 | $19.5M | 706,773 | $17.5M | 696,479 | +10,294+1.48% | Add |
| Amundi |
| <0.01% | <0.01% | #206 | $19.3M | 700,000 | $17.6M | 700,000 | 00.00% | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC |
| <0.01% | 0.01% | #208 | $19.0M | 687,146 | $20.5M | 814,076 | -126,930-15.59% | Reduce |
| WELLS FARGO & COMPANY/MN |
| <0.01% | <0.01% | #228 | $18.8M | 680,909 | $17.3M | 686,583 | -5,674-0.83% | Reduce |
| Boston Standard Wealth Management, LLC |
| 2.73% | 2.81% | #9 | $18.8M | 679,938 | $17.2M | 676,301 | +3,637+0.54% | Add |
| COOPER/HAIMS ADVISORS, LLC |
| 7.13% | 6.97% | #2 | $16.6M | 600,310 | $14.8M | 589,225 | +11,085+1.88% | Add |
| Brooklyn FI, LLC |
| 2.71% | 2.66% | #10 | $14.9M | 523,222 | $12.7M | 504,122 | +19,100+3.79% | Add |
| BIP Wealth, LLC |
| 0.41% | 0.48% | #53 | $14.4M | 520,857 | $11.8M | 469,217 | +51,640+11.01% | Add |
| Morton Brown Family Wealth, LLC |
| 3.26% | 3.26% | #6 | $14.4M | 520,305 | $12.3M | 491,027 | +29,278+5.96% | Add |
| 1832 Asset Management L.P. |
| 0.01% | 0.02% | #186 | $14.1M | 509,458 | $20.1M | 798,651 | -289,193-36.21% | Reduce |
| Quent Capital, LLC |
| 0.86% | 0.9% | #32 | $14.1M | 508,937 | $12.7M | 505,471 | +3,466+0.69% | Add |
| Pacific Life Fund Advisors LLC |
| 1.4% | — | #23 | $12.8M | 462,437 | $0 | 0 | +462,437 | New Buy |
| Sumitomo Mitsui DS Asset Management Company, Ltd |
| 0.09% | 0.29% | #91 | $12.4M | 449,025 | $35.3M | 1.4M | -955,982-68.04% | Reduce |
| Freedom Investment Management, Inc. |
| 3.44% | 3.5% | #5 | $12.3M | 446,830 | $11.8M | 469,145 | -22,315-4.76% | Reduce |
| ERn Financial, LLC |
| 2.01% | 2.05% | #18 | $12.1M | 439,376 | $10.9M | 433,236 | +6,140+1.42% | Add |
| NAPLES GLOBAL ADVISORS, LLC |
| 0.72% | 0.75% | #36 | $11.7M | 422,626 | $10.3M | 407,876 | +14,750+3.62% | Add |
| Cetera Investment Advisers |
| 0.01% | 0.01% | #172 | $10.3M | 371,703 | $8.8M | 348,928 | +22,775+6.53% | Add |
| BANK OF MONTREAL /CAN/ |
| <0.01% | 0.01% | #224 | $10.1M | 364,913 | $34.7M | 1.4M | -1.0M-73.56% | Reduce |
| Waterford Advisors, LLC |
| 2.67% | 2.69% | #11 | $9.8M | 356,526 | $8.5M | 342,507 | +14,019+4.09% | Add |
| Diversified Portfolios, Inc. |
| 0.71% | 1.02% | #38 | $9.8M | 354,453 | $12.4M | 494,490 | -140,037-28.32% | Reduce |
| CUTLER INVESTMENT COUNSEL LLC |
| 0.89% | 0.86% | #30 | $9.5M | 344,085 | $8.3M | 330,801 | +13,284+4.02% | Add |
| Waldron Private Wealth LLC |
| 0.31% | 0.33% | #61 | $9.1M | 328,005 | $8.6M | 340,636 | -12,631-3.71% | Reduce |
| Causey Wealth LLC |
| 3.45% | 3.02% | #4 | $8.8M | 319,875 | $7.1M | 283,222 | +36,653+12.94% | Add |
| Leading Edge Financial Planning LLC |
| 1.44% | 1.57% | #22 | $8.1M | 293,457 | $7.5M | 296,298 | -2,841-0.96% | Reduce |
| CIBC Bancorp USA Inc. |
| 0.01% | 0.01% | #171 | $7.8M | 308,724 | $4.5M | 179,714 | +129,010+71.79% | Add |
| Corient Private Wealth LLC |
| 0.01% | 0.01% | #197 | $7.8M | 282,083 | $7.7M | 305,013 | -22,930-7.52% | Reduce |
