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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
+12.32%
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
$27.9B
AUM Growth
+$2.24B
Cap. Flow
-$119M
Cap. Flow %
-0.43%
Top 10 Hldgs %
26.18%
Holding
952
New
7
Increased
366
Reduced
532
Closed
17

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$180M
2
CRM icon
Salesforce
CRM
+$86.1M
3
CMCSA icon
Comcast
CMCSA
+$49.7M
4
PFE icon
Pfizer
PFE
+$44M
5
CL icon
Colgate-Palmolive
CL
+$43.1M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$164M
2
NFLX icon
Netflix
NFLX
+$63.4M
3
ORCL icon
Oracle
ORCL
+$52.5M
4
RTX icon
RTX Corp
RTX
+$37.9M
5
MTD icon
Mettler-Toledo International
MTD
+$31.9M

Sector Composition

Rank Sector Weight
1 Technology 27.15%
2 Financials 13.13%
3 Consumer Discretionary 10.68%
4 Industrials 9.51%
5 Healthcare 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
1
NVIDIA
NVDA
$4.86T
$1.41B 5.04%
8,922,414
+154,999
+2% +$19.5M
MSFT icon
2
Microsoft
MSFT
$3.45T
$1.31B 4.7%
2,641,004
-21,092
-0.8% -$9.16M
AAPL icon
3
Apple
AAPL
$4.54T
$1.07B 3.82%
5,208,317
-58,610
-1% -$11.8M
AMZN icon
4
Amazon
AMZN
$2.92T
$802M 2.87%
3,657,428
-28,246
-0.8% -$5.59M
AVGO icon
5
Broadcom
AVGO
$1.85T
$582M 2.08%
2,110,720
-37,700
-2% -$8.19M
META icon
6
Meta Platforms (Facebook)
META
$1.42T
$521M 1.86%
705,392
-8,950
-1% -$5.53M
IEMG icon
7
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
$455M 1.63%
7,584,431
– –
EEM icon
8
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$441M 1.58%
9,142,425
– –
DFAE icon
9
Dimensional Emerging Core Equity Market ETF
DFAE
$9.29B
$367M 1.31%
12,668,769
– –
BRK.B icon
10
Berkshire Hathaway Class B
BRK.B
$1.1T
$357M 1.28%
734,272
-6,447
-0.9% -$3.27M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.36T
$351M 1.25%
1,989,797
-17,970
-0.9% -$2.94M
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.36T
$283M 1.01%
1,596,571
-18,916
-1% -$3.13M
JPM icon
13
JPMorgan Chase
JPM
$935B
$265M 0.95%
912,580
-10,106
-1% -$2.58M
V icon
14
Visa
V
$684B
$259M 0.93%
728,817
-9,601
-1% -$3.35M
TSLA icon
15
Tesla
TSLA
$1.23T
$253M 0.91%
797,424
-48,115
-6% -$14.5M
BND icon
16
Vanguard Total Bond Market
BND
$157B
$224M 0.8%
3,035,822
+279,046
+10% +$20.3M
VOO icon
17
Vanguard S&P 500 ETF
VOO
$979B
$210M 0.75%
369,474
+343,342
+1,314% +$180M
MA icon
18
Mastercard
MA
$502B
$196M 0.7%
349,581
-4,068
-1% -$2.25M
WMT icon
19
Walmart Inc
WMT
$885B
$191M 0.68%
1,955,426
+63,703
+3% +$6.07M
NFLX icon
20
Netflix
NFLX
$299B
$190M 0.68%
1,418,890
-561,080
-28% -$63.4M
CSCO icon
21
Cisco
CSCO
$457B
$186M 0.67%
2,686,266
-163,440
-6% -$10M
JNJ icon
22
Johnson & Johnson
JNJ
$618B
$186M 0.67%
1,217,346
-13,517
-1% -$2.08M
IBM icon
23
IBM
IBM
$211B
$174M 0.62%
590,131
-83,032
-12% -$21.4M
ORCL icon
24
Oracle
ORCL
$374B
$168M 0.6%
769,077
-325,148
-30% -$52.5M
PG icon
25
Procter & Gamble
PG
$336B
$161M 0.58%
1,009,911
-9,791
-1% -$1.6M
1
2 3 4 5

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Lido Advisors
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GAM
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Retirement Systems of Alabama's Q2 2025 Portfolio in Review

As of Q2 2025, Retirement Systems of Alabama held 952 positions worth $27.9B, up 8.7% from $25.7B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 2.5%. Retirement Systems of Alabama opened 7 new positions and exited 17, leaving the 952-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Retirement Systems of Alabama's largest Q2 2025 buy was Vanguard Intermediate-Term Treasury ETF: 714,765 shares worth $42.8M.
  • Retirement Systems of Alabama added most to Vanguard S&P 500 ETF in Q2 2025, an estimated $180M increase.
  • Retirement Systems of Alabama's biggest Q2 2025 reduction was Netflix, cutting an estimated $63.4M.
  • Retirement Systems of Alabama fully exited State Street SPDR S&P 500 ETF Trust in Q2 2025, selling an estimated $164M.
  • Retirement Systems of Alabama's ten largest holdings make up 26% of its $27.9B portfolio in Q2 2025.
  • Retirement Systems of Alabama opened 7 new positions and closed 17 in Q2 2025.
  • Retirement Systems of Alabama's portfolio value rose 8.7% quarter-over-quarter to $27.9B.

Based on Retirement Systems of Alabama's 13F filing for Q2 2025, filed 4 Aug 2025.