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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
+8.02%
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
$23.1B
AUM Growth
+$133M
Cap. Flow
-$1.06B
Cap. Flow %
-4.61%
Top 10 Hldgs %
21.78%
Holding
960
New
21
Increased
87
Reduced
804
Closed
31

Top Buys

Rank Stock Value
1
MA icon
Mastercard
MA
+$33.9M
2
ADP icon
Automatic Data Processing
ADP
+$33.5M
3
AJG icon
Arthur J. Gallagher & Co
AJG
+$30.8M
4
PPL
PPL Corp
PPL
+$30.6M
5
HIG icon
Hartford Financial Services
HIG
+$25.8M

Top Sells

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$110M
2
AAPL icon
Apple
AAPL
+$66.3M
3
META icon
Meta Platforms (Facebook)
META
+$61.7M
4
MSFT icon
Microsoft
MSFT
+$58.8M
5
MOH icon
Molina Healthcare
MOH
+$33.6M

Sector Composition

Rank Sector Weight
1 Technology 22%
2 Healthcare 12.17%
3 Financials 11.73%
4 Consumer Discretionary 10.42%
5 Industrials 9.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.52T
$1.15B 4.97%
6,958,538
-449,632
-6% -$66.3M
MSFT icon
2
Microsoft
MSFT
$3.66T
$995M 4.31%
3,452,382
-230,446
-6% -$58.8M
EEM icon
3
iShares MSCI Emerging Markets ETF
EEM
$29.7B
$660M 2.86%
16,714,526
– –
AMZN icon
4
Amazon
AMZN
$2.99T
$456M 1.98%
4,414,802
-208,290
-5% -$20.1M
IEMG icon
5
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$370M 1.6%
7,584,431
– –
NVDA icon
6
NVIDIA
NVDA
$5.13T
$308M 1.33%
11,081,080
-705,920
-6% -$15.3M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.12T
$302M 1.31%
978,078
-66,464
-6% -$20.5M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.62T
$286M 1.24%
2,758,429
-173,092
-6% -$16.6M
META icon
9
Meta Platforms (Facebook)
META
$1.5T
$252M 1.09%
1,188,374
-362,514
-23% -$61.7M
GOOG icon
10
Alphabet (Google) Class C
GOOG
$4.59T
$249M 1.08%
2,394,660
-161,597
-6% -$15.6M
TSLA icon
11
Tesla
TSLA
$1.29T
$233M 1.01%
1,122,637
-134,544
-11% -$23.5M
UNH icon
12
UnitedHealth
UNH
$370B
$220M 0.95%
465,768
+32,539
+8% +$15.7M
XOM icon
13
ExxonMobil
XOM
$638B
$201M 0.87%
1,830,106
-102,177
-5% -$11.3M
CVX icon
14
Chevron
CVX
$379B
$189M 0.82%
1,158,108
-44,100
-4% -$7.39M
JNJ icon
15
Johnson & Johnson
JNJ
$614B
$185M 0.8%
1,190,671
-64,809
-5% -$10.5M
MRK icon
16
Merck
MRK
$316B
$173M 0.75%
1,622,493
-62,851
-4% -$6.79M
ABBV icon
17
AbbVie
ABBV
$431B
$171M 0.74%
1,072,205
-43,837
-4% -$6.7M
AVGO icon
18
Broadcom
AVGO
$1.99T
$169M 0.73%
2,639,160
-62,330
-2% -$3.75M
PG icon
19
Procter & Gamble
PG
$345B
$169M 0.73%
1,134,198
-61,863
-5% -$8.84M
V icon
20
Visa
V
$690B
$164M 0.71%
728,891
+55,894
+8% +$12.4M
JPM icon
21
JPMorgan Chase
JPM
$950B
$163M 0.71%
1,249,333
-72,713
-6% -$9.96M
CSCO icon
22
Cisco
CSCO
$480B
$160M 0.69%
3,064,242
-101,154
-3% -$4.94M
HD icon
23
Home Depot
HD
$347B
$154M 0.67%
522,643
-26,721
-5% -$8.19M
PLD icon
24
Prologis
PLD
$130B
$144M 0.62%
1,151,686
-24,484
-2% -$3.01M
BAC icon
25
Bank of America
BAC
$440B
$139M 0.6%
4,860,153
-70,816
-1% -$2.34M
1
2 3 4 5

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Retirement Systems of Alabama's Q1 2023 Portfolio in Review

As of Q1 2023, Retirement Systems of Alabama held 960 positions worth $23.1B, up 0.58% from $22.9B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Retirement Systems of Alabama withdrew a net $1.06B in Q1 2023, closing 31 positions and reducing 804 holdings. Its most notable exit was RTX Corp, an estimated $110M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Retirement Systems of Alabama opened a new position in Aramark worth $17.7M.

  • Retirement Systems of Alabama's largest Q1 2023 buy was Aramark: 683,624 shares worth $17.7M.
  • Retirement Systems of Alabama added most to Mastercard in Q1 2023, an estimated $33.9M increase.
  • Retirement Systems of Alabama's biggest Q1 2023 reduction was Apple, cutting an estimated $66.3M.
  • Retirement Systems of Alabama fully exited RTX Corp in Q1 2023, selling an estimated $110M.
  • Retirement Systems of Alabama's ten largest holdings make up 22% of its $23.1B portfolio in Q1 2023.
  • Retirement Systems of Alabama opened 21 new positions and closed 31 in Q1 2023.
  • Retirement Systems of Alabama's portfolio value rose 0.58% quarter-over-quarter to $23.1B.

Based on Retirement Systems of Alabama's 13F filing for Q1 2023, filed 1 May 2023.