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Retirement Systems of Alabama Portfolio holdings
AUM
$33.2B
1-Year Est. Return
38.15%
This Fund
S&P 500
This Quarter
Est. Return
+4.07%
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
$30.8B
AUM Growth
+$720M
(+2.4%)
Cap. Flow
-$28.2M
Cap. Flow
% of AUM
-0.09%
Top 10 Holdings %
Top 10 Hldgs %
27.67%
Holding
961
New
16
Increased
107
Reduced
792
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$47.8M |
| 2 |
Workday
WDAY
|
+$45.2M |
| 3 |
Pinterest
PINS
|
+$30.6M |
| 4 |
ArcelorMittal
MT
|
+$27.7M |
| 5 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$25.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$73.7M |
| 2 |
Comfort Systems
FIX
|
+$62.3M |
| 3 |
Micron Technology
MU
|
+$34.4M |
| 4 |
DuPont de Nemours
DD
|
+$30.4M |
| 5 |
HOLX
Hologic
HOLX
|
+$24.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.51% |
| 2 | Financials | 12.81% |
| 3 | Consumer Discretionary | 10.17% |
| 4 | Industrials | 9.47% |
| 5 | Healthcare | 8.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.1T
| $1.65B | 5.36% |
8,858,792
-35,505
| -0.4% | -$6.61M |
|
2
Apple
AAPL
$4.47T
| $1.42B | 4.61% |
5,220,255
-22,278
| -0.4% | -$5.98M |
|
3
Microsoft
MSFT
$3.69T
| $1.27B | 4.12% |
2,627,257
-4,503
| -0.2% | -$2.26M |
|
4
Amazon
AMZN
$2.99T
| $864M | 2.8% |
3,742,266
+42,040
| +1% | +$9.62M |
|
5
Broadcom
AVGO
$1.98T
| $729M | 2.37% |
2,106,386
+1,275
| +0.1% | +$456K |
|
6
Alphabet (Google) Class A
GOOGL
$4.59T
| $619M | 2.01% |
1,978,633
-3,180
| -0.2% | -$909K |
|
7
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| $510M | 1.66% |
7,584,431
| – | – |
|
8
iShares MSCI Emerging Markets ETF
EEM
$29.6B
| $500M | 1.62% |
9,131,302
| – | – |
|
|
9
Alphabet (Google) Class C
GOOG
$4.56T
| $495M | 1.61% |
1,578,396
-6,932
| -0.4% | -$1.99M |
|
10
Meta Platforms (Facebook)
META
$1.48T
| $464M | 1.51% |
702,820
+634
| +0.1% | +$423K |
|
11
Dimensional Emerging Core Equity Market ETF
DFAE
$9.6B
| $413M | 1.34% |
12,668,769
| – | – |
|
12
Berkshire Hathaway Class B
BRK.B
$1.11T
| $373M | 1.21% |
741,989
-1,070
| -0.1% | -$532K |
|
13
Tesla
TSLA
$1.28T
| $338M | 1.1% |
752,197
-828
| -0.1% | -$367K |
|
14
JPMorgan Chase
JPM
$960B
| $304M | 0.99% |
942,236
-7,451
| -0.8% | -$2.31M |
|
15
Visa
V
$688B
| $259M | 0.84% |
738,004
-3,343
| -0.5% | -$1.14M |
|
16
Johnson & Johnson
JNJ
$607B
| $251M | 0.82% |
1,213,592
-1,202
| -0.1% | -$238K |
|
17
Vanguard Total Bond Market
BND
$158B
| $222M | 0.72% |
3,001,761
-15,577
| -0.5% | -$1.16M |
|
18
Cisco
CSCO
$475B
| $211M | 0.69% |
2,743,070
-6,409
| -0.2% | -$476K |
|
19
Vanguard S&P 500 ETF
VOO
$1.01T
| $209M | 0.68% |
332,799
-16,365
| -5% | -$10.2M |
|
20
Mastercard
MA
$500B
| $208M | 0.67% |
364,052
-1,657
| -0.5% | -$926K |
|
21
IBM
IBM
$218B
| $198M | 0.64% |
669,449
-32,604
| -5% | -$9.76M |
|
22
Walmart Inc
WMT
$875B
| $196M | 0.64% |
1,757,950
-134,403
| -7% | -$14.4M |
|
23
Bank of America
BAC
$443B
| $187M | 0.61% |
3,404,952
-24,417
| -0.7% | -$1.29M |
|
24
Salesforce
CRM
$155B
| $182M | 0.59% |
688,061
-1,407
| -0.2% | -$350K |
|
25
AbbVie
ABBV
$431B
| $182M | 0.59% |
795,237
-855
| -0.1% | -$195K |
|
Similar funds
PPF
GAM
Retirement Systems of Alabama's Q4 2025 Portfolio in Review
As of Q4 2025, Retirement Systems of Alabama held 961 positions worth $30.8B, up 2.4% from $30.1B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Trading was light in Q4 2025: portfolio turnover was 3.5%. Retirement Systems of Alabama opened 16 new positions and exited 18, leaving the 961-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
- Retirement Systems of Alabama's largest Q4 2025 buy was Pinterest: 1,064,350 shares worth $27.6M.
- Retirement Systems of Alabama added most to CVS Health in Q4 2025, an estimated $47.8M increase.
- Retirement Systems of Alabama's biggest Q4 2025 reduction was UnitedHealth, cutting an estimated $73.7M.
- Retirement Systems of Alabama fully exited Teradata in Q4 2025, selling an estimated $12.6M.
- Retirement Systems of Alabama's ten largest holdings make up 28% of its $30.8B portfolio in Q4 2025.
- Retirement Systems of Alabama opened 16 new positions and closed 18 in Q4 2025.
- Retirement Systems of Alabama's portfolio value rose 2.4% quarter-over-quarter to $30.8B.
Based on Retirement Systems of Alabama's 13F filing for Q4 2025, filed 15 Jan 2026.