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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
AAPL icon
1
Apple
AAPL
$4.54T
$1.15B 5.14%
5,922,875
-1,035,663
-15% -$180M
MSFT icon
2
Microsoft
MSFT
$3.45T
$1.01B 4.5%
2,952,110
-500,272
-14% -$157M
EEM icon
3
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$651M 2.92%
16,462,526
-252,000
-2% -$9.91M
AMZN icon
4
Amazon
AMZN
$2.92T
$496M 2.22%
3,808,522
-606,280
-14% -$69.2M
NVDA icon
5
NVIDIA
NVDA
$4.86T
$399M 1.79%
9,430,840
-1,650,240
-15% -$54.8M
IEMG icon
6
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$374M 1.67%
7,584,431
– –
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.1T
$290M 1.3%
850,840
-127,238
-13% -$41.5M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.36T
$281M 1.26%
2,348,250
-410,179
-15% -$47.2M
META icon
9
Meta Platforms (Facebook)
META
$1.42T
$271M 1.22%
945,770
-242,604
-20% -$59.9M
TSLA icon
10
Tesla
TSLA
$1.23T
$246M 1.1%
940,000
-182,637
-16% -$36.5M
GOOG icon
11
Alphabet (Google) Class C
GOOG
$4.36T
$235M 1.05%
1,941,469
-453,191
-19% -$52.5M
UNH icon
12
UnitedHealth
UNH
$376B
$218M 0.98%
454,400
-11,368
-2% -$5.56M
AVGO icon
13
Broadcom
AVGO
$1.85T
$204M 0.91%
2,351,570
-287,590
-11% -$20.5M
MRK icon
14
Merck
MRK
$322B
$167M 0.75%
1,449,800
-172,693
-11% -$19.6M
JNJ icon
15
Johnson & Johnson
JNJ
$618B
$167M 0.75%
1,008,531
-182,140
-15% -$29.4M
XOM icon
16
ExxonMobil
XOM
$644B
$164M 0.74%
1,531,818
-298,288
-16% -$32.5M
CVX icon
17
Chevron
CVX
$392B
$162M 0.72%
1,028,369
-129,739
-11% -$20.8M
JPM icon
18
JPMorgan Chase
JPM
$935B
$149M 0.66%
1,021,127
-228,206
-18% -$31.4M
PG icon
19
Procter & Gamble
PG
$336B
$148M 0.66%
972,583
-161,615
-14% -$24.4M
V icon
20
Visa
V
$684B
$146M 0.66%
616,384
-112,507
-15% -$25.7M
SPY icon
21
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$144M 0.65%
325,582
-14
-0% -$5.88K
CSCO icon
22
Cisco
CSCO
$457B
$144M 0.64%
2,780,884
-283,358
-9% -$13.9M
ORCL icon
23
Oracle
ORCL
$374B
$141M 0.63%
1,183,253
-164,503
-12% -$17M
HD icon
24
Home Depot
HD
$331B
$140M 0.63%
451,555
-71,088
-14% -$21M
PLD icon
25
Prologis
PLD
$135B
$134M 0.6%
1,089,569
-62,117
-5% -$7.64M
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.