Virginia Retirement Systems’s NVIDIA NVDA Stock Holding History

Virginia Retirement Systems’s Portfolio NVDA Stock Details NVDA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$938M	Sell	5,030,390 -282,000	-5%	-$52.5M	5.58%	2
2025 Q3	$991M	Buy	5,312,390 +31,400	+0.6%	+$5.47M	6.43%	1
2025 Q2	$834M	Sell	5,280,990 -321,900	-6%	-$40.5M	5.76%	1
2025 Q1	$607M	Buy	+5,602,890	New	+$710M	4.51%	2
2023 Q3	$176M	Buy	4,039,790 +112,000	+3%	+$5.02M	1.74%	4
2023 Q2	$166M	Buy	3,927,790 +225,000	+6%	+$7.47M	1.59%	5
2023 Q1	$103M	Buy	3,702,790 +689,790	+23%	+$14.9M	1.06%	11
2022 Q4	$44M	Buy	3,013,000 +5,000	+0.2%	+$73.3K	0.46%	58
2022 Q3	$36.5M	Buy	+3,008,000	New	+$47.6M	0.41%	60
2022 Q1	$113M	Hold	4,141,000	–	–	1.06%	13
2021 Q4	$122M	Sell	4,141,000 -145,000	-3%	-$3.99M	0.83%	17
2021 Q3	$88.8M	Sell	4,286,000 -670,000	-14%	-$13.9M	0.91%	13
2021 Q2	$99.1M	Sell	4,956,000 -380,000	-7%	-$6.09M	0.98%	12
2021 Q1	$71.2M	Buy	5,336,000 +120,000	+2%	+$1.61M	0.7%	25
2020 Q4	$68.1M	Sell	5,216,000 -308,000	-6%	-$4.12M	0.71%	27
2020 Q3	$74.7M	Sell	5,524,000 -320,000	-5%	-$3.72M	0.85%	19
2020 Q2	$55.5M	Buy	5,844,000 +536,000	+10%	+$4.34M	0.65%	32
2020 Q1	$35M	Buy	5,308,000 +80,000	+2%	+$505K	0.48%	42
2019 Q4	$30.8M	Buy	5,228,000 +380,000	+8%	+$1.98M	0.33%	75
2019 Q3	$21.1M	Buy	4,848,000 +2,608,000	+116%	+$11M	0.24%	120
2019 Q2	$9.2M	Sell	2,240,000 -1,504,000	-40%	-$6.23M	0.11%	223
2019 Q1	$16.8M	Sell	3,744,000 -4,456,000	-54%	-$17.3M	0.2%	141
2018 Q4	$27.4M	Sell	8,200,000 -524,000	-6%	-$2.51M	0.37%	71
2018 Q3	$61.3M	Buy	8,724,000 +1,048,000	+14%	+$6.82M	0.71%	19
2018 Q2	$45.5M	Buy	7,676,000 +5,444,000	+244%	+$33.1M	0.56%	34
2018 Q1	$12.9M	Buy	2,232,000 +720,000	+48%	+$4.23M	0.16%	184
2017 Q4	$7.31M	Buy	1,512,000 +116,000	+8%	+$576K	0.09%	265
2017 Q3	$6.24M	Buy	+1,396,000	New	+$5.8M	0.08%	281
2016 Q3	–	Sell	-5,004,000	Closed	-$5.88M	–	994
2016 Q2	$5.88M	Buy	+5,004,000	New	+$5.16M	0.09%	277
2015 Q4	$9.49M	Sell	11,514,400 -2,990,840	-21%	-$2.25M	0.14%	198
2015 Q3	$8.94M	Buy	14,505,240 +2,395,960	+20%	+$1.3M	0.14%	210
2015 Q2	$6.09M	Sell	12,109,280 -17,023,640	-58%	-$9.23M	0.09%	259
2015 Q1	$15.2M	Buy	29,132,920 +322,800	+1%	+$172K	0.23%	141
2014 Q4	$14.4M	Sell	28,810,120 -777,000	-3%	-$378K	0.23%	144
2014 Q3	$13.6M	Buy	29,587,120 +2,939,520	+11%	+$1.38M	0.23%	143
2014 Q2	$12.4M	Sell	26,647,600 -33,560	-0.1%	-$15.7K	0.21%	149
2014 Q1	$11.9M	Buy	+26,681,160	New	+$11.4M	0.23%	140
2013 Q3	–	Sell	-785,680	Closed	-$276K	–	916
2013 Q2	$276K	Buy	+785,680	New	+$271K	0.01%	837

Other funds holding NVDA

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Virginia Retirement Systems's NVDA Position: Q4 2025 in Review

Virginia Retirement Systems reduced its NVIDIA (NVDA) stake by 5.3% in Q4 2025, selling an estimated $52.5M and leaving 5,030,390 shares worth $938M. The position accounts for 5.58% of the portfolio, ranked #2.

Virginia Retirement Systems first reported a position in NVDA in Q2 2013 and has held it in 38 quarters since. The position peaked at $991M in Q3 2025. 5,856 funds tracked by Wall St. Rank hold NVDA as of Q4 2025.

Virginia Retirement Systems held 5,030,390 shares of NVIDIA worth $938M as of Q4 2025.
Virginia Retirement Systems sold 282,000 NVIDIA shares in Q4 2025, an estimated $52.5M.
NVIDIA made up 5.58% of Virginia Retirement Systems's portfolio in Q4 2025, its #2 holding.
Virginia Retirement Systems first reported a position in NVIDIA in Q2 2013 and has held it in 38 quarters since.
Virginia Retirement Systems's NVIDIA position peaked at $991M in Q3 2025.
5,856 funds tracked by Wall St. Rank held NVIDIA as of Q4 2025.

Based on Virginia Retirement Systems's 13F filing for Q4 2025, filed 4 Feb 2026.