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Stocks•16 April 2026•

1 min read

State of Alaska Department of Revenue Rebalances Portfolio, Boosts Eastman Chemical Stake

A man in a suit over a stock chart with 'Mondelez International' text, surrounded by chocolate, cocoa beans, factories, and shops.

Key Facts

1The State of Alaska reduced its stake in The Kroger Co. (KR) by 32.2%, selling 36,775 shares.

2The state trimmed its position in Aflac Incorporated (AFL) by 22.3% amid significant insider selling.

3The state boosted its holdings in Eastman Chemical Company (EMN) by 84.2%, bringing the total value to $6.39 million.

The State of Alaska Department of Revenue executed significant portfolio rebalancing during the fourth quarter, marked by strategic shifts across several sectors. The state reduced its stake in The Kroger Co. (KR) by 32.2%, selling 36,775 shares despite the company's strong earnings performance. Additionally, it trimmed its position in Aflac Incorporated (AFL) by 22.3% amid significant insider selling and a recent earnings miss. Conversely, the fund aggressively boosted its holdings in Eastman Chemical Company (EMN) by 84.2%, bringing its total investment value to $6.39 million. These moves reflect a broader institutional rebalancing strategy aimed at optimizing asset allocation. While the percentage changes are notable for the state fund, the overall market impact is expected to be minor given the position sizes relative to total market capitalizations.