We are live on ! Find out more
VRS

Virginia Retirement Systems Portfolio holdings

AUM $16.7B
1-Year Est. Return 42.81%
This Fund
S&P 500
This Quarter Est. Return
+4.42%
1 Year Est. Return
+42.81%
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
Avg Time Held
11.1 quarters
Top 10 Avg Time Held
13.5 quarters
Top 20 Avg Time Held
12 quarters

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 11.14%
3 Healthcare 11.09%
4 Communication Services 11%
5 Financials 10.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AAPL icon
1
Apple
AAPL
$4.91T
$1.05B 6.28%
3,880,040
+442,100
+13% +$119M
2013 Q2
50 quarters
NVDA icon
2
NVIDIA
NVDA
$5.54T
$938M 5.58%
5,030,390
-282,000
-5% -$52.5M
2017 Q3
33 quarters
MSFT icon
3
Microsoft
MSFT
$3.97T
$845M 5.03%
1,747,280
+36,980
+2% +$18.5M
2013 Q2
50 quarters
AMZN icon
4
Amazon
AMZN
$2.83T
$642M 3.82%
2,782,900
+959,300
+53% +$219M
2013 Q2
50 quarters
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.3T
$526M 3.13%
1,681,072
+439,800
+35% +$126M
2015 Q4
40 quarters
META icon
6
Meta Platforms (Facebook)
META
$1.83T
$435M 2.59%
658,974
+93,178
+16% +$62.2M
2013 Q2
50 quarters
AVGO icon
7
Broadcom
AVGO
$1.73T
$334M 1.99%
966,310
+236,600
+32% +$84.6M
2013 Q2
50 quarters
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.25T
$329M 1.95%
1,047,100
+55,600
+6% +$15.9M
2013 Q2
50 quarters
IVV icon
9
iShares Core S&P 500 ETF
IVV
$897B
$320M 1.9%
+467,000
New +$317M
2025 Q4
0 quarters
JNJ icon
10
Johnson & Johnson
JNJ
$630B
$240M 1.43%
1,158,903
– –
2013 Q2
50 quarters
TSLA icon
11
Tesla
TSLA
$1.51T
$158M 0.94%
351,931
+17,000
+5% +$7.54M
2020 Q2
22 quarters
WMT icon
12
Walmart Inc
WMT
$883B
$146M 0.87%
1,306,726
+929,400
+246% +$99.8M
2013 Q2
50 quarters
MRK icon
13
Merck
MRK
$359B
$143M 0.85%
1,356,338
-151,000
-10% -$14.2M
2013 Q2
50 quarters
GILD icon
14
Gilead Sciences
GILD
$187B
$142M 0.84%
1,156,695
-124,700
-10% -$15.2M
2022 Q3
13 quarters
JPM icon
15
JPMorgan Chase
JPM
$885B
$140M 0.83%
434,698
+21,160
+5% +$6.55M
2013 Q2
50 quarters
V icon
16
Visa
V
$724B
$137M 0.82%
391,641
+51,520
+15% +$17.6M
2013 Q2
50 quarters
HCA icon
17
HCA Healthcare
HCA
$97.7B
$135M 0.8%
288,820
-8,480
-3% -$3.94M
2018 Q2
30 quarters
BMY icon
18
Bristol-Myers Squibb
BMY
$121B
$121M 0.72%
2,234,496
– –
2013 Q2
50 quarters
DG icon
19
Dollar General
DG
$28.1B
$120M 0.72%
905,400
-1,300
-0.1% -$145K
2025 Q2
2 quarters
VZ icon
20
Verizon
VZ
$173B
$118M 0.7%
2,887,805
+125,100
+5% +$5.07M
2013 Q2
50 quarters
MO icon
21
Altria Group
MO
$120B
$115M 0.68%
1,992,500
-126,200
-6% -$7.62M
2013 Q2
50 quarters
YUM icon
22
Yum! Brands
YUM
$39.5B
$114M 0.68%
752,000
+143,300
+24% +$21.2M
2019 Q1
27 quarters
MU icon
23
Micron Technology
MU
$1.16T
$114M 0.68%
398,586
+161,386
+68% +$37M
2025 Q1
3 quarters
ABT icon
24
Abbott
ABT
$172B
$113M 0.67%
903,768
+77,500
+9% +$9.87M
2013 Q2
50 quarters
T icon
25
AT&T
T
$152B
$112M 0.66%
4,494,203
– –
2013 Q2
50 quarters
1
2 3 4 5

Similar funds

EH
Equitable Holdings New York $16.7B AUM 24.23% 1-Year Est. Return
RFC
Regions Financial Corp Birmingham, Alabama $16.8B AUM 26.68% 1-Year Est. Return
OAC
OMERS Administration Corp Toronto, Ontario, Canada $16.7B AUM 35.95% 1-Year Est. Return
FCAS
First Command Advisory Services Fort Worth, Texas $16.8B AUM 23.38% 1-Year Est. Return
AT
AMF Tjänstepension Stockholm, Sweden $16.9B AUM 36.16% 1-Year Est. Return
NMO
Newlands Management Operations Dallas, Texas $16.6B AUM 3.91% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $17B AUM 39.66% 1-Year Est. Return
MFG
Merit Financial Group Alpharetta, Georgia $16.4B AUM 25.17% 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.