VRS

Virginia Retirement Systems Portfolio holdings

AUM $14.5B

2025 Q2 2025 Q1 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 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 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

-4.07%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$8.84B

AUM Growth

–

Cap. Flow

+$8.84B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

20.98%

Holding

1,146

New

1,146

Increased

–

Reduced

–

Closed

–

Top Buys

1	Apple AAPL	$464M
2	Microsoft MSFT	$408M
3	Amazon AMZN	$157M
4	Alphabet (Google) Class A GOOGL	$152M
5	Alphabet (Google) Class C GOOG	$119M

Top Sells

No sells this quarter

Sector Composition

1	Technology	22.11%
2	Healthcare	14.23%
3	Real Estate	12.82%
4	Financials	11.59%
5	Industrials	8.35%

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
251	251 Dell DELL $84.4B	$6.24M	0.07%	+182,708	New	+$6.24M
252	252 EPR Properties EPR $4.05B	$6.13M	0.07%	+170,900	New	+$6.13M
253	253 Healthcare Realty HR $6.35B	$6.12M	0.07%	+293,300	New	+$6.12M
254	254 Colgate-Palmolive CL $68.8B	$5.99M	0.07%	+85,200	New	+$5.99M
255	255 Parker-Hannifin PH $96.1B	$5.96M	0.07%	+24,600	New	+$5.96M
256	ROIC 256 DELISTED Retail Opportunity Investments Corp. ROIC	$5.89M	0.07%	+427,900	New	+$5.89M
257	257 Interpublic Group of Companies IPG $9.94B	$5.87M	0.07%	+229,400	New	+$5.87M
258	258 Americold COLD $3.98B	$5.84M	0.07%	+237,500	New	+$5.84M
259	259 PG&E PCG $33.2B	$5.83M	0.07%	+466,200	New	+$5.83M
260	260 Motorola Solutions MSI $79.8B	$5.8M	0.07%	+25,900	New	+$5.8M
261	261 Apple Hospitality REIT APLE $3.09B	$5.8M	0.07%	+412,400	New	+$5.8M
262	262 CSX Corp CSX $60.6B	$5.76M	0.07%	+216,200	New	+$5.76M
263	263 Kimco Realty KIM $15.4B	$5.67M	0.06%	+308,056	New	+$5.67M
264	264 Tractor Supply TSCO $32.1B	$5.52M	0.06%	+148,500	New	+$5.52M
265	265 Molina Healthcare MOH $9.47B	$5.51M	0.06%	+16,700	New	+$5.51M
266	266 Revvity RVTY $10.1B	$5.5M	0.06%	+45,700	New	+$5.5M
267	267 Zebra Technologies ZBRA $16B	$5.48M	0.06%	+20,900	New	+$5.48M
268	268 Amphenol APH $135B	$5.46M	0.06%	+163,200	New	+$5.46M
269	269 LXP Industrial Trust LXP $2.71B	$5.39M	0.06%	+588,400	New	+$5.39M
270	270 lululemon athletica LULU $20.1B	$5.37M	0.06%	+19,200	New	+$5.37M
271	271 GE Aerospace GE $296B	$5.36M	0.06%	+139,001	New	+$5.36M
272	272 Morgan Stanley MS $236B	$5.31M	0.06%	+67,200	New	+$5.31M
273	DFS 273 DELISTED Discover Financial Services DFS	$5.27M	0.06%	+58,000	New	+$5.27M
274	274 Textron TXT $14.5B	$5.02M	0.06%	+86,200	New	+$5.02M
275	275 Crown Castle CCI $41.9B	$4.99M	0.06%	+34,500	New	+$4.99M