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

+3%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$6.79B

AUM Growth

–

Cap. Flow

+$6.79B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

15.01%

Holding

946

New

946

Increased

–

Reduced

–

Closed

–

Top Buys

1	Apple AAPL	$161M
2	Exxon Mobil XOM	$148M
3	Johnson & Johnson JNJ	$129M
4	Microsoft MSFT	$93.8M
5	AT&T T	$89.1M

Top Sells

No sells this quarter

Sector Composition

1	Financials	15.07%
2	Healthcare	12.29%
3	Technology	11.61%
4	Real Estate	10.47%
5	Consumer Discretionary	9.28%

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
601	601 Pitney Bowes PBI $2.12B	$846K	0.01%	+47,500	New	+$846K
602	602 Lamar Advertising Co LAMR $13B	$835K	0.01%	+12,600	New	+$835K
603	603 Saic SAIC $4.95B	$834K	0.01%	+14,300	New	+$834K
604	604 Align Technology ALGN $9.99B	$830K	0.01%	+10,300	New	+$830K
605	605 Wintrust Financial WTFC $9.32B	$826K	0.01%	+16,200	New	+$826K
606	606 Globus Medical GMED $8.19B	$825K	0.01%	+34,600	New	+$825K
607	607 HF Sinclair DINO $9.55B	$815K	0.01%	+34,300	New	+$815K
608	RAVN 608 DELISTED Raven Industries Inc RAVN	$813K	0.01%	+42,900	New	+$813K
609	609 Middleby MIDD $7.34B	$807K	0.01%	+7,000	New	+$807K
610	610 Texas Roadhouse TXRH $11.2B	$807K	0.01%	+17,700	New	+$807K
611	GTY 611 Getty Realty Corp GTY $1.62B	$806K	0.01%	+37,580	New	+$806K
612	612 Abbott ABT $232B	$798K	0.01%	+20,300	New	+$798K
613	613 Wolverine World Wide WWW $2.59B	$797K	0.01%	+39,200	New	+$797K
614	614 Nexstar Media Group NXST $6.34B	$790K	0.01%	+16,600	New	+$790K
615	615 Credicorp BAP $20.5B	$787K	0.01%	+5,100	New	+$787K
616	616 Rayonier RYN $4.1B	$771K	0.01%	+30,897	New	+$771K
617	617 Church & Dwight Co CHD $23.3B	$761K	0.01%	+14,800	New	+$761K
618	618 Emergent Biosolutions EBS $411M	$759K	0.01%	+27,000	New	+$759K
619	619 Prestige Consumer Healthcare PBH $3.29B	$759K	0.01%	+13,700	New	+$759K
620	EGOV 620 DELISTED NIC Inc EGOV	$759K	0.01%	+34,600	New	+$759K
621	GPT 621 DELISTED Gramercy Property Trust GPT	$757K	0.01%	+27,353	New	+$757K
622	OME 622 DELISTED Omega Protein OME	$756K	0.01%	+37,800	New	+$756K
623	623 BGC Group BGC $4.68B	$751K	0.01%	+134,041	New	+$751K
624	624 Cato Corp CATO $86.2M	$751K	0.01%	+19,900	New	+$751K
625	625 CNO Financial Group CNO $3.86B	$749K	0.01%	+42,900	New	+$749K