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
1076	1076 Repare Therapeutics RPTX $72.6M	$170K	﹤0.01%	+14,000	New	+$170K
1077	1077 Duluth Holdings DLTH $135M	$168K	﹤0.01%	+23,800	New	+$168K
1078	1078 ZimVie ZIMV $533M	$167K	﹤0.01%	+16,900	New	+$167K
1079	1079 Compass COMP $4.92B	$160K	﹤0.01%	+68,800	New	+$160K
1080	1080 Designer Brands DBI $215M	$159K	﹤0.01%	+10,400	New	+$159K
1081	1081 Editas Medicine EDIT $227M	$157K	﹤0.01%	+12,800	New	+$157K
1082	1082 ON24 ONTF $235M	$156K	﹤0.01%	+17,700	New	+$156K
1083	1083 Enhabit EHAB $398M	$154K	﹤0.01%	+11,000	New	+$154K
1084	1084 Atea Pharmaceuticals AVIR $264M	$154K	﹤0.01%	+27,100	New	+$154K
1085	1085 RPC Inc RES $1.06B	$150K	﹤0.01%	+21,600	New	+$150K
1086	AGTI 1086 DELISTED Agiliti, Inc. AGTI	$149K	﹤0.01%	+10,400	New	+$149K
1087	1087 Expensify EXFY $177M	$149K	﹤0.01%	+10,000	New	+$149K
1088	1088 Opendoor OPEN $4.39B	$147K	﹤0.01%	+47,300	New	+$147K
1089	SRG 1089 Seritage Growth Properties SRG $207M	$147K	﹤0.01%	+16,300	New	+$147K
1090	1090 ALX Oncology ALXO $57.8M	$146K	﹤0.01%	+15,300	New	+$146K
1091	1091 SoFi Technologies SOFI $30.4B	$143K	﹤0.01%	+29,300	New	+$143K
1092	1092 3D Systems Corporation DDD $263M	$141K	﹤0.01%	+17,700	New	+$141K
1093	1093 Marcus Corp MCS $479M	$140K	﹤0.01%	+10,100	New	+$140K
1094	1094 Gossamer Bio GOSS $571M	$140K	﹤0.01%	+11,700	New	+$140K
1095	1095 Zeta Global ZETA $4.45B	$134K	﹤0.01%	+20,200	New	+$134K
1096	1096 Mitek Systems MITK $441M	$131K	﹤0.01%	+14,300	New	+$131K
1097	1097 Newmark Group NMRK $3.17B	$129K	﹤0.01%	+16,000	New	+$129K
1098	1098 Tencent Music TME $38B	$123K	﹤0.01%	+30,400	New	+$123K
1099	1099 Hayward Holdings HAYW $3.47B	$123K	﹤0.01%	+13,900	New	+$123K
1100	1100 Solid Power SLDP $712M	$119K	﹤0.01%	+22,600	New	+$119K