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Stocks•14 April 2026•

1 min read

State of Alaska Revenue Dept Rebalances Portfolio, Boosts Welltower Stake

Key Facts

1The State of Alaska Department of Revenue increased its stake in Welltower Inc. by 2.3%, making it the 13th-largest position in its portfolio.

2The fund reduced its positions in 15 other major companies, including AT&T, Bank of America, McDonald's, and PepsiCo.

3Despite the sell-offs, most of these companies reported strong Q4 earnings results and positive guidance for fiscal year 2026.

The State of Alaska Department of Revenue executed a strategic rebalancing of its equity portfolio during the fourth quarter. The fund increased its holding in Welltower Inc. by 2.3%, elevating the REIT to the 13th-largest position in its portfolio. Conversely, the department trimmed its stakes in 15 other major blue-chip companies, including AT&T, Bank of America, and McDonald's. These divestments occurred despite many of the affected firms reporting robust Q4 earnings and positive guidance for fiscal year 2026. Analysts suggest these adjustments reflect routine profit-taking or portfolio maintenance rather than a shift in long-term outlook. Other notable reductions included positions in PepsiCo, Cisco, and NextEra Energy.