URS

Utah Retirement Systems Portfolio holdings

AUM $9.58B

1-Year Return 24.98%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+3.15%

1 Year Return

+24.98%

3 Year Return

+106.12%

5 Year Return

+183.02%

10 Year Return

+443.81%

AUM

$2.96B

AUM Growth

–

Cap. Flow

+$2.96B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

15.94%

Holding

982

New

982

Increased

–

Reduced

–

Closed

–

Top Buys

1	Exxon Mobil XOM	$72.3M
2	Apple AAPL	$66.9M
3	Microsoft MSFT	$51.9M
4	Johnson & Johnson JNJ	$43.4M
5	GE Aerospace GE	$43.1M

Top Sells

No sells this quarter

Sector Composition

1	Financials	15.3%
2	Technology	13.36%
3	Healthcare	12.66%
4	Industrials	10.68%
5	Energy	9.41%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
151	151 Salesforce CRM $239B	$4.05M	0.14%	+106,088	New	+$4.05M
152	152 Ecolab ECL $77.6B	$4.02M	0.14%	+47,234	New	+$4.02M
153	153 Archer Daniels Midland ADM $30.2B	$4.02M	0.14%	+118,460	New	+$4.02M
154	154 Williams Companies WMB $69.9B	$3.99M	0.13%	+122,761	New	+$3.99M
155	155 Public Storage PSA $52.2B	$3.96M	0.13%	+25,812	New	+$3.96M
156	156 Marsh & McLennan MMC $100B	$3.96M	0.13%	+99,093	New	+$3.96M
157	CB 157 DELISTED CHUBB CORPORATION CB	$3.95M	0.13%	+46,653	New	+$3.95M
158	158 American Electric Power AEP $57.8B	$3.91M	0.13%	+87,340	New	+$3.91M
159	NBL 159 DELISTED Noble Energy, Inc. NBL	$3.87M	0.13%	+64,460	New	+$3.87M
160	160 Lumen LUMN $4.87B	$3.87M	0.13%	+109,416	New	+$3.87M
161	161 Stryker SYK $150B	$3.87M	0.13%	+59,778	New	+$3.87M
162	RTN 162 DELISTED Raytheon Company RTN	$3.86M	0.13%	+58,343	New	+$3.86M
163	163 Crown Castle CCI $41.9B	$3.83M	0.13%	+52,837	New	+$3.83M
164	164 Devon Energy DVN $22.1B	$3.79M	0.13%	+73,070	New	+$3.79M
165	165 Corning GLW $61B	$3.77M	0.13%	+265,254	New	+$3.77M
166	166 PPG Industries PPG $24.8B	$3.77M	0.13%	+51,524	New	+$3.77M
167	167 Equity Residential EQR $25.5B	$3.76M	0.13%	+64,806	New	+$3.76M
168	168 Las Vegas Sands LVS $36.9B	$3.72M	0.13%	+70,296	New	+$3.72M
169	169 Cigna CI $81.5B	$3.72M	0.13%	+51,331	New	+$3.72M
170	170 Healthpeak Properties DOC $12.8B	$3.71M	0.13%	+89,667	New	+$3.71M
171	171 Cummins CMI $55.1B	$3.71M	0.13%	+34,199	New	+$3.71M
172	HES 172 DELISTED Hess HES	$3.67M	0.12%	+55,234	New	+$3.67M
173	BHI 173 DELISTED Baker Hughes BHI	$3.67M	0.12%	+79,470	New	+$3.67M
174	174 Ventas VTR $30.9B	$3.66M	0.12%	+46,166	New	+$3.66M
175	175 Intuitive Surgical ISRG $167B	$3.66M	0.12%	+65,043	New	+$3.66M