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Retirement Systems of Alabama

Retirement Systems of Alabama Portfolio holdings

AUM $33.2B
1-Year Est. Return 38.15%
This Fund
S&P 500
This Quarter Est. Return
+8.43%
1 Year Est. Return
+38.15%
3 Year Est. Return
+113.04%
5 Year Est. Return
+144.9%
10 Year Est. Return
+524.6%
AUM
$22.3B
AUM Growth
-$732M
Cap. Flow
-$2.2B
Cap. Flow %
-9.83%
Top 10 Hldgs %
23.11%
Holding
958
New
29
Increased
70
Reduced
826
Closed
17

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$92.8M
2
CNC icon
Centene
CNC
+$35.6M
3
PSA icon
Public Storage
PSA
+$24.2M
4
LUV icon
Southwest Airlines
LUV
+$22.3M
5
KEY icon
KeyCorp
KEY
+$21.1M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$180M
2
MSFT icon
Microsoft
MSFT
+$157M
3
AMZN icon
Amazon
AMZN
+$69.2M
4
META icon
Meta Platforms (Facebook)
META
+$59.9M
5
NVDA icon
NVIDIA
NVDA
+$54.8M

Sector Composition

Rank Sector Weight
1 Technology 23.11%
2 Healthcare 11.51%
3 Financials 11.19%
4 Consumer Discretionary 10.72%
5 Industrials 10.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABT icon
26
Abbott
ABT
$188B
$129M 0.58%
1,180,822
-120,130
-9% -$12.8M
ABBV icon
27
AbbVie
ABBV
$434B
$128M 0.57%
950,471
-121,734
-11% -$17.9M
BAC icon
28
Bank of America
BAC
$446B
$125M 0.56%
4,372,945
-487,208
-10% -$13.9M
MA icon
29
Mastercard
MA
$495B
$120M 0.54%
306,077
-59,203
-16% -$22.2M
COST icon
30
Costco
COST
$419B
$119M 0.53%
221,893
-30,360
-12% -$15.4M
IBM icon
31
IBM
IBM
$225B
$118M 0.53%
878,877
-60,857
-6% -$7.85M
NFLX icon
32
Netflix
NFLX
$312B
$113M 0.51%
2,568,320
-306,010
-11% -$11.3M
MCD icon
33
McDonald's
MCD
$194B
$109M 0.49%
364,232
-50,553
-12% -$14.7M
WFC icon
34
Wells Fargo
WFC
$265B
$104M 0.47%
2,440,792
-411,285
-14% -$16.6M
PEP icon
35
PepsiCo
PEP
$189B
$104M 0.47%
562,417
-93,960
-14% -$17.5M
KDP icon
36
Keurig Dr Pepper
KDP
$39.8B
$103M 0.46%
3,281,230
-59,736
-2% -$1.96M
ISRG icon
37
Intuitive Surgical
ISRG
$136B
$98.7M 0.44%
288,637
-23,928
-8% -$7.24M
COP icon
38
ConocoPhillips
COP
$146B
$93.5M 0.42%
902,596
-93,720
-9% -$9.63M
RTX icon
39
RTX Corp
RTX
$305B
$92.8M 0.42%
+947,708
New +$92.8M
QCOM icon
40
Qualcomm
QCOM
$173B
$90M 0.4%
756,384
+44,321
+6% +$5.09M
VZ icon
41
Verizon
VZ
$194B
$89.5M 0.4%
2,407,066
-285,903
-11% -$10.6M
AXP icon
42
American Express
AXP
$229B
$85.1M 0.38%
488,435
-40,836
-8% -$6.59M
PM icon
43
Philip Morris
PM
$293B
$84.4M 0.38%
864,477
-105,430
-11% -$10.1M
LLY icon
44
Eli Lilly
LLY
$1.08T
$84M 0.38%
179,070
-54,031
-23% -$22.7M
HON icon
45
Honeywell
HON
$77.4B
$83.9M 0.38%
428,803
-49,068
-10% -$9.11M
KO icon
46
Coca-Cola
KO
$376B
$83.5M 0.37%
1,387,388
-265,797
-16% -$16.5M
BMY icon
47
Bristol-Myers Squibb
BMY
$132B
$83.5M 0.37%
1,305,173
-150,963
-10% -$10.1M
DHR icon
48
Danaher
DHR
$145B
$83.4M 0.37%
392,021
-48,283
-11% -$10.2M
MS icon
49
Morgan Stanley
MS
$341B
$83M 0.37%
971,570
-90,096
-8% -$7.71M
VRTX icon
50
Vertex Pharmaceuticals
VRTX
$135B
$82.5M 0.37%
234,536
-17,454
-7% -$5.88M
1
2
3 4 5

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Retirement Systems of Alabama's Q2 2023 Portfolio in Review

As of Q2 2023, Retirement Systems of Alabama held 958 positions worth $22.3B, down 3.2% from $23.1B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Retirement Systems of Alabama withdrew a net $2.2B in Q2 2023, closing 17 positions and reducing 826 holdings. Its most notable exit was Warner Music, an estimated $18.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Retirement Systems of Alabama opened a new position in RTX Corp worth $92.8M.

  • Retirement Systems of Alabama's largest Q2 2023 buy was RTX Corp: 947,708 shares worth $92.8M.
  • Retirement Systems of Alabama added most to Centene in Q2 2023, an estimated $35.6M increase.
  • Retirement Systems of Alabama's biggest Q2 2023 reduction was Apple, cutting an estimated $180M.
  • Retirement Systems of Alabama fully exited Warner Music in Q2 2023, selling an estimated $18.6M.
  • Retirement Systems of Alabama's ten largest holdings make up 23% of its $22.3B portfolio in Q2 2023.
  • Retirement Systems of Alabama opened 29 new positions and closed 17 in Q2 2023.
  • Retirement Systems of Alabama's portfolio value fell 3.2% quarter-over-quarter to $22.3B.

Based on Retirement Systems of Alabama's 13F filing for Q2 2023, filed 31 Jul 2023.