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VRS

Virginia Retirement Systems Portfolio holdings

AUM $16.8B
1-Year Est. Return 25.91%
This Fund
S&P 500
This Quarter Est. Return
+4.42%
1 Year Est. Return
+25.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$16.8B
AUM Growth
+$1.39B
Cap. Flow
+$1.02B
Cap. Flow %
6.09%
Top 10 Hldgs %
33.7%
Holding
1,068
New
141
Increased
350
Reduced
361
Closed
119

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$317M
2
AMZN icon
Amazon
AMZN
+$219M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$126M
4
AAPL icon
Apple
AAPL
+$119M
5
WMT icon
Walmart Inc
WMT
+$99.8M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$52.5M
2
C icon
Citigroup
C
+$43.4M
3
VICI icon
VICI Properties
VICI
+$39M
4
MS icon
Morgan Stanley
MS
+$37.1M
5
VRSN icon
VeriSign
VRSN
+$36.7M

Sector Composition

Rank Sector Weight
1 Technology 30.33%
2 Consumer Discretionary 11.16%
3 Healthcare 11.09%
4 Communication Services 10.98%
5 Financials 10.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IMNM icon
1001
Immunome
IMNM
$2.52B
– –
-58,400
Closed -$684K
INDB icon
1002
Independent Bank
INDB
$4.05B
– –
-4,000
Closed -$277K
INOD icon
1003
Innodata
INOD
$1.83B
– –
-5,500
Closed -$424K
INSM icon
1004
Insmed
INSM
$23.2B
– –
-21,265
Closed -$3.06M
IONQ icon
1005
IonQ
IONQ
$12.3B
– –
-13,100
Closed -$806K
KEX icon
1006
Kirby Corp
KEX
$7.95B
– –
-4,300
Closed -$359K
KMX icon
1007
CarMax
KMX
$8.27B
– –
-8,000
Closed -$359K
LAUR icon
1008
Laureate Education
LAUR
$5.18B
– –
-28,528
Closed -$900K
LIN icon
1009
Linde
LIN
$237B
– –
-8,800
Closed -$4.18M
LMND icon
1010
Lemonade
LMND
$4.62B
– –
-22,800
Closed -$1.22M
LTH icon
1011
Life Time Group Holdings
LTH
$9.42B
– –
-31,500
Closed -$869K
MC icon
1012
Moelis & Co
MC
$4.98B
– –
-14,700
Closed -$1.05M
MCS icon
1013
Marcus Corp
MCS
$732M
– –
-35,102
Closed -$544K
MELI icon
1014
Mercado Libre
MELI
$91.3B
– –
-3,600
Closed -$8.41M
MGM icon
1015
MGM Resorts International
MGM
$11.7B
– –
-11,300
Closed -$392K
MORN icon
1016
Morningstar
MORN
$6.56B
– –
-2,400
Closed -$557K
MQ icon
1017
Marqeta
MQ
$1.8B
– –
-10,511
Closed -$222K
MUSA icon
1018
Murphy USA
MUSA
$11.3B
– –
-3,297
Closed -$1.28M
NMRK icon
1019
Newmark Group
NMRK
$2.73B
– –
-12,000
Closed -$224K
NOV icon
1020
NOV
NOV
$7.45B
– –
-43,100
Closed -$571K
NRDS icon
1021
NerdWallet
NRDS
$584M
– –
-13,600
Closed -$146K
NTGR icon
1022
NETGEAR
NTGR
$669M
– –
-12,700
Closed -$411K
NWBI icon
1023
Northwest Bancshares
NWBI
$2.25B
– –
-31,400
Closed -$389K
OLP
1024
One Liberty Properties
OLP
$548M
– –
-33,642
Closed -$744K
ACH
1025
Accendra Health
ACH
$240M
– –
-26,428
Closed -$127K
39 40
41
42 43

Similar funds

FAF
Första AP-fonden Stockholm, Sweden $16.8B AUM 29.64% 1-Year Est. Return
BGIM
Brandywine Global Investment Management Philadelphia, Pennsylvania $14.9B AUM 20.41% 1-Year Est. Return
CWM
CIBC World Markets New York $20.8B AUM
Comerica Bank
Comerica Bank Dallas, Texas $25.1B AUM 24.68% 1-Year Est. Return
CIM
CCLA Investment Management London, United Kingdom $6.23B AUM 5.02% 1-Year Est. Return
PPFA
Provida Pension Fund Administrator Las Condes, Santiago, Chile $5.78B AUM 21.16% 1-Year Est. Return
GRP
Global Retirement Partners San Rafael, California $5.64B AUM
UOC
UBS O'Connor Chicago, Illinois $3.38B AUM 63.08% 1-Year Est. Return

Virginia Retirement Systems's Q4 2025 Portfolio in Review

As of Q4 2025, Virginia Retirement Systems held 1,068 positions worth $16.8B, up 9% from $15.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Virginia Retirement Systems deployed $1.02B of net new capital in Q4 2025, opening 141 new positions and adding to 350 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 467,000 shares worth $320M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was NVIDIA, an estimated $52.5M trimmed.

  • Virginia Retirement Systems's largest Q4 2025 buy was iShares Core S&P 500 ETF: 467,000 shares worth $320M.
  • Virginia Retirement Systems added most to Amazon in Q4 2025, an estimated $219M increase.
  • Virginia Retirement Systems's biggest Q4 2025 reduction was NVIDIA, cutting an estimated $52.5M.
  • Virginia Retirement Systems fully exited Cintas in Q4 2025, selling an estimated $30.2M.
  • Virginia Retirement Systems's ten largest holdings make up 34% of its $16.8B portfolio in Q4 2025.
  • Virginia Retirement Systems opened 141 new positions and closed 119 in Q4 2025.
  • Virginia Retirement Systems's portfolio value rose 9% quarter-over-quarter to $16.8B.

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