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Portfolio (Quarterly) Guide ↗

State of Alaska, Department of Revenue

· CIK 0001370102
13F Portfolio $9.4B AUM 3,587 positions Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 170 New 732 Added 871 Reduced 47 Exited
Page 7 of 9  ·  170 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 MG MISTRAS GROUP INC Industrials 1,765.0 $22K NEW $12.46 +38.0%
122 LPRO OPEN LENDING CORP Financial Services 14,739.0 $22K NEW $1.49 +30.0%
123 RMAX RE MAX HLDGS INC Real Estate 3,011.0 $22K NEW $7.31 +30.6%
124 HIMALAYA SHIPPING LTD 2,490.0 $22K NEW $8.84
125 FNWD FINWARD BANCORP Financial Services 579.0 $20K NEW $34.54 -6.9%
126 FRAF FRANKLIN FINL SVCS CORP Financial Services 414.0 $20K NEW $48.31 +19.2%
127 MRBK MERIDIAN CORPORATION Financial Services 1,173.0 $20K NEW $17.05 +2.6%
128 MAPS WM TECHNOLOGY INC Technology 25,282.0 $20K NEW $0.79 -53.2%
129 PANL PANGAEA LOGISTICS SOLUTION L Industrials 2,949.0 $20K NEW $6.78 +22.1%
130 OKLO OKLO INC Utilities 276.0 $19K NEW $68.84 -5.4%
131 BWFG BANKWELL FINL GROUP INC Financial Services 429.0 $19K NEW $44.29 +19.1%
132 CZNC CITIZENS & NORTHN CORP Financial Services 956.0 $19K NEW $19.87 +6.6%
133 INSE INSPIRED ENTMT INC Consumer Cyclical 2,114.0 $19K NEW $8.99 -19.9%
134 MVBF MVB FINL CORP Financial Services 751.0 $19K NEW $25.30 +2.1%
135 WSBF WATERSTONE FINL INC MD Financial Services 1,159.0 $19K NEW $16.39 +12.7%
136 CBAN COLONY BANKCORP INC Financial Services 1,016.0 $18K NEW $17.72 +11.7%
137 FUNC FIRST UTD CORP Financial Services 486.0 $18K NEW $37.04 +1.4%
138 GWRS GLOBAL WTR RES INC Utilities 2,025.0 $17K NEW $8.40 -16.7%
139 JYNT JOINT CORP Healthcare 1,989.0 $17K NEW $8.55 +3.2%
140 NWFL NORWOOD FINANCIAL CORP Financial Services 621.0 $17K NEW $27.38 +9.8%
Page 7 of 9  ·  170 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 30.1%
Financial Services 11.6%
Consumer Cyclical 10.4%
Real Estate 9.6%
Communication Services 9.1%
Healthcare 9.0%
Industrials 8.3%
Consumer Defensive 4.5%
Energy 3.2%
Utilities 2.2%