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

+1.76%

1 Year Return

–

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$5.31B

AUM Growth

–

Cap. Flow

+$5.31B

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

17.72%

Holding

963

New

963

Increased

–

Reduced

–

Closed

–

Top Buys

1	Exxon Mobil XOM	$154M
2	Apple AAPL	$137M
3	Chevron CVX	$103M
4	Johnson & Johnson JNJ	$99.8M
5	Microsoft MSFT	$89.1M

Top Sells

No sells this quarter

Sector Composition

1	Financials	16.66%
2	Technology	13.36%
3	Healthcare	12.83%
4	Consumer Staples	11.74%
5	Energy	9.53%

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
726	726 Range Resources RRC $8.27B	$396K	0.01%	+5,119	New	+$396K
727	LIFE 727 DELISTED LIFE TECHNOLOGIES CORP COM STK (DE) LIFE	$396K	0.01%	+5,356	New	+$396K
728	728 Spire SR $4.46B	$393K	0.01%	+8,600	New	+$393K
729	729 Amphenol APH $135B	$391K	0.01%	+40,160	New	+$391K
730	DRE 730 DELISTED Duke Realty Corp. DRE	$391K	0.01%	+25,110	New	+$391K
731	731 Harley-Davidson HOG $3.67B	$390K	0.01%	+7,113	New	+$390K
732	CDR 732 DELISTED Cedar Realty Trust, Inc CDR	$387K	0.01%	+11,318	New	+$387K
733	733 Viatris VTRS $12.2B	$386K	0.01%	+12,437	New	+$386K
734	FRAN 734 DELISTED Francesca's Holdings Corporation FRAN	$386K	0.01%	+1,158	New	+$386K
735	HOT 735 DELISTED STARWOOD HOTELS & RESORTS WORLDWIDE, INC. HOT	$385K	0.01%	+6,090	New	+$385K
736	CFNL 736 DELISTED Cardinal Financial Corp CFNL	$385K	0.01%	+26,300	New	+$385K
737	737 Jabil JBL $22.5B	$381K	0.01%	+18,700	New	+$381K
738	738 Bath & Body Works BBWI $6.06B	$380K	0.01%	+9,532	New	+$380K
739	739 Liberty Media Series A FWONA $22.6B	$377K	0.01%	+16,735	New	+$377K
740	740 Hillenbrand HI $1.85B	$377K	0.01%	+15,900	New	+$377K
741	CTCM 741 DELISTED CTC MEDIA INC COM STK CTCM	$377K	0.01%	+33,900	New	+$377K
742	742 EQT Corp EQT $32.2B	$376K	0.01%	+8,695	New	+$376K
743	743 Paychex PAYX $48.7B	$376K	0.01%	+10,287	New	+$376K
744	744 Annaly Capital Management NLY $14.2B	$374K	0.01%	+7,446	New	+$374K
745	745 Pentair PNR $18.1B	$372K	0.01%	+9,589	New	+$372K
746	746 Kilroy Realty KRC $5.05B	$371K	0.01%	+7,000	New	+$371K
747	QVCGA 747 QVC Group, Inc. Series A Common Stock QVCGA $73.3M	$371K	0.01%	+392	New	+$371K
748	748 Openlane KAR $3.09B	$370K	0.01%	+42,800	New	+$370K
749	749 Stanley Black & Decker SWK $12.1B	$370K	0.01%	+4,786	New	+$370K
750	750 Fiserv FI $73.4B	$367K	0.01%	+16,788	New	+$367K