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Retirement Systems of Alabama

201 SOUTH UNION STREET, MONTGOMERY, AL 36104 • 334-517-7108

Q1 2026 · Filed 2026-04-24
Market Value
$29.8B
-2.8%
Holdings
951
New Purchases
18
Added To
409
Closed
14
Reduced
490
Top 10 Concentration
26.1%
Turnover
3.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XOM 0.80% 0.55% +0.24% $238M
CVX 0.79% 0.57% +0.22% $237M
COST 0.65% 0.46% +0.19% $194M
JNJ 0.99% 0.82% +0.18% $296M
DIS 0.31% 0.14% +0.17% $93M
AMAT 0.53% 0.39% +0.14% $160M
HD 0.49% 0.36% +0.13% $147M
LHX 0.16% 0.04% +0.12% $48M
CAT 0.55% 0.44% +0.12% $165M
EQIX 0.47% 0.36% +0.11% $141M
IEMG 1.77% 1.66% +0.11% $529M
EEM 1.74% 1.63% +0.11% $519M
AZO 0.15% 0.04% +0.11% $44M
COP 0.32% 0.22% +0.10% $96M
KEY 0.11% 0.01% +0.10% $34M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.21% 4.14% -0.93% $958M
NVDA 5.17% 5.38% -0.21% $1.5B
AAPL 4.42% 4.62% -0.21% $1.3B
AVGO 2.19% 2.38% -0.19% $653M
TJX 0.13% 0.30% -0.18% $38M
WBD 0.05% 0.21% -0.16% $14M
HUM 0.01% 0.18% -0.16% $4M
META 1.35% 1.51% -0.16% $403M
SBUX 0.07% 0.23% -0.15% $22M
CRM 0.44% 0.59% -0.15% $132M
LOW 0.09% 0.24% -0.15% $28M
JPM 0.86% 0.99% -0.13% $258M
GOOGL 1.91% 2.02% -0.11% $569M
PG 0.36% 0.47% -0.11% $108M
IBM 0.54% 0.65% -0.10% $162M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 26.4%
Financial Services 19.2%
Industrials 10.8%
Consumer Cyclical 9.5%
Healthcare 8.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $13.5B 45.3%
Large Cap 597 $13.2B 44.4%
Mid Cap 283 $3.0B 10.2%
Small Cap 9 $39M 0.1%
Micro Cap 2 $1M 0.0%

Portfolio Analytics

Avg Market Cap
$86.0B
Median Market Cap
$17.1B
Avg P/E
33.1
Median P/E
23.2
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
932
# ETFs / Funds
19

Top Holdings (951 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.17% 8,849,634 $1.5B $174.40 -$109M -9,158 -0.1%
2 AAPL 4.42% 5,194,467 $1.3B $253.79 -$101M -25,788 -0.5%
3 MSFT 3.21% 2,587,515 $958M $370.17 -$313M -39,742 -1.5%
4 AMZN 2.78% 3,984,816 $830M $208.27 -$34M +242,550 +6.5%
5 AVGO 2.19% 2,108,623 $653M $309.51 -$76M +2,237 +0.1%
6 GOOGL 1.91% 1,977,290 $569M $287.56 -$51M -1,343 -0.1%
7 IEMG 1.77% 7,584,431 $529M $69.75 $19M
8 EEM 1.74% 9,131,302 $519M $56.79 $19M
9 GOOG 1.52% 1,582,306 $454M $286.86 -$41M +3,910 +0.2%
10 DFAE 1.44% 12,668,769 $429M $33.86 $16M
11 META 1.35% 703,972 $403M $572.13 -$61M +1,152 +0.2%
12 BRK-B 1.19% 741,297 $355M $479.20 -$18M -692 -0.1%
13 TSLA 1.00% 805,811 $300M $371.75 -$39M +53,614 +7.1%
14 JNJ 0.99% 1,212,811 $296M $244.44 $45M -781 -0.1%
15 JPM 0.86% 875,631 $258M $294.16 -$46M -66,605 -7.1%
16 XOM 0.80% 1,401,008 $238M $169.66 $68M -9,693 -0.7%
17 CVX 0.79% 1,145,808 $237M $206.90 $62M -4,577 -0.4%
18 BND 0.79% 3,215,296 $237M $73.64 $14M +213,535 +7.1%
19 V 0.75% 735,983 $222M $302.24 -$36M -2,021 -0.3%
20 CSCO 0.71% 2,743,786 $213M $77.59 $2M +716 +0.0%
21 WMT 0.68% 1,638,203 $204M $124.28 $8M -119,747 -6.8%
22 COST 0.65% 194,445 $194M $996.43 $54M +32,002 +19.7%
23 VOO 0.64% 317,375 $190M $597.55 -$19M -15,424 -4.6%
24 MA 0.61% 362,562 $181M $499.66 -$27M -1,490 -0.4%
25 ABBV 0.58% 794,570 $173M $217.49 -$9M -667 -0.1%
26 CAT 0.55% 232,928 $165M $708.46 $31M -749 -0.3%
27 BAC 0.55% 3,384,831 $165M $48.75 -$22M -20,121 -0.6%
28 IBM 0.54% 669,096 $162M $242.39 -$36M -353 -0.1%
29 AMAT 0.53% 466,913 $160M $341.79 $39M -920 -0.2%
30 LLY 0.52% 168,279 $155M $919.77 -$27M -659 -0.4%
31 GE 0.50% 529,207 $150M $283.77 -$13M -1,672 -0.3%
32 MU 0.50% 440,887 $149M $337.84 $23M +223 +0.1%
33 HD 0.49% 446,570 $147M $328.89 $36M +123,336 +38.2%
34 PLD 0.48% 1,091,705 $144M $132.18 $5M -906 -0.1%
35 GS 0.48% 169,140 $143M $845.99 -$9M -3,601 -2.1%
36 EQIX 0.47% 144,203 $141M $980.24 $31M -100 -0.1%
37 KO 0.46% 1,821,823 $139M $76.05 $11M -1,460 -0.1%
38 PM 0.46% 836,624 $138M $165.34 $4M -579 -0.1%
39 WFC 0.44% 1,668,002 $133M $79.61 -$31M -84,664 -4.8%
40 CRM 0.44% 705,994 $132M $186.67 -$50M +17,933 +2.6%
41 MS 0.44% 789,590 $130M $164.57 -$14M -19,555 -2.4%
42 NFLX 0.43% 1,332,620 $128M $96.15 $3M -4,816 -0.4%
43 C 0.41% 1,086,502 $123M $113.41 -$5M -9,551 -0.9%
44 AMGN 0.41% 344,265 $121M $351.85 $8M -205 -0.1%
45 AXP 0.38% 372,457 $113M $302.48 -$25M -576 -0.1%
46 PG 0.36% 747,130 $108M $144.44 -$36M -256,794 -25.6%
47 SCHW 0.36% 1,131,480 $106M $93.98 -$7M -630 -0.1%
48 WELL 0.36% 537,291 $106M $197.71 $8M +7,734 +1.5%
49 VZ 0.36% 2,111,750 $106M $50.20 $20M -1,466 -0.1%
50 HPE 0.34% 4,283,127 $102M $23.81 $4M +212,425 +5.2%
51 KLAC 0.34% 68,386 $101M $1,472.41 $17M -117 -0.2%
52 BKNG 0.33% 23,604 $99M $4,210.32 -$3M +4,526 +23.7%
53 REGN 0.33% 128,285 $99M $772.64 $74K -32 -0.0%
54 TMO 0.33% 201,354 $99M $491.53 -$18M -142 -0.1%
55 PFE 0.33% 3,474,970 $98M $28.08 $11M -2,140 -0.1%
56 COP 0.32% 730,650 $96M $132.00 $28M -2,706 -0.4%
57 AKAM 0.32% 839,359 $96M $114.85 -$5M -325,950 -28.0%
58 ISRG 0.32% 207,944 $96M $460.99 -$22M +2
59 HWM 0.32% 410,282 $95M $230.46 $8M -12,481 -3.0%
60 DIS 0.31% 965,483 $93M $96.38 $50M +585,690 +154.2%
61 CTSH 0.30% 1,468,085 $90M $61.35 -$20M +145,353 +11.0%
62 EBAY 0.30% 971,884 $88M $91.02 $4M -170 -0.0%
63 NOC 0.29% 128,892 $88M $682.24 $14M -210 -0.2%
64 ADBE 0.29% 359,486 $87M $243.08 -$28M +30,808 +9.4%
65 BMY 0.29% 1,407,986 $85M $60.65 $9M -613 -0.0%
66 CB 0.28% 256,631 $84M $325.93 $3M -622 -0.2%
67 QCOM 0.28% 648,194 $83M $128.78 -$28M -1,253 -0.2%
68 VBR 0.28% 382,480 $83M $217.25 $2M
69 HCA 0.28% 175,236 $83M $473.24 $772K -741 -0.4%
70 NTAP 0.27% 782,954 $80M $102.39 -$4M -405 -0.1%
71 CAH 0.27% 377,323 $80M $211.31 $2M -573 -0.1%
72 UBER 0.26% 1,070,118 $77M $71.93 -$11M -4,969 -0.5%
73 UNP 0.26% 317,224 $77M $242.62 $4M -176 -0.1%
74 CMCSA 0.26% 2,651,724 $76M $28.71 $2M +161,944 +6.5%
75 VGIT 0.25% 1,275,570 $76M $59.55 -$101K +6,410 +0.5%
76 PH 0.24% 81,527 $73M $895.24 $1M -40 -0.1%
77 PLTR 0.24% 485,095 $71M $146.28 -$15M -862 -0.2%
78 AMD 0.24% 346,231 $70M $203.43 -$4M -110 -0.0%
79 VTR 0.23% 853,037 $70M $81.78 $4M +3,299 +0.4%
80 ETR 0.22% 593,743 $67M $112.36 $12M +1,050 +0.2%
81 JCI 0.22% 509,212 $67M $130.95 $6M -33 -0.0%
82 TXN 0.22% 342,533 $66M $194.14 $7M -570 -0.2%
83 YUM 0.22% 424,451 $66M $155.48 $13M +77,195 +22.2%
84 T 0.22% 2,217,821 $64M $28.99 $9M -21,548 -1.0%
85 MRK 0.21% 527,079 $63M $120.29 $8M -935 -0.2%
86 CTVA 0.21% 756,815 $63M $83.71 $13M -937 -0.1%
87 CVS 0.21% 876,722 $63M $71.82 -$7M +111 +0.0%
88 PEP 0.21% 403,620 $63M $155.29 $5M -660 -0.2%
89 KDP 0.21% 2,378,308 $63M $26.33 -$4M -513 -0.0%
90 AMT 0.21% 360,489 $62M $172.58 -$1M -724 -0.2%
91 ZM 0.20% 758,533 $61M $80.39 $182K +53,970 +7.7%
92 MTCH 0.20% 1,970,207 $61M $30.71 -$5M -50,218 -2.5%
93 NKE 0.20% 1,130,399 $60M $52.82 -$12M +16
94 CW 0.20% 86,971 $59M $681.12 $12M +944 +1.1%
95 GM 0.20% 790,540 $59M $74.50 -$21M -187,041 -19.1%
96 UTHR 0.20% 98,378 $58M $592.98 $11M +1,110 +1.1%
97 CCI 0.19% 700,293 $57M $81.31 -$5M -674 -0.1%
98 LRCX 0.19% 265,187 $57M $213.66 $11M -2,013 -0.8%
99 VCSH 0.19% 705,675 $56M $79.27 $3M +43,850 +6.6%
100 RTX 0.18% 285,047 $55M $192.90 $3M -182 -0.1%

New Positions

SymbolValue% Port
VRT $20M 0.07%
AHR $20M 0.07%
AEIS $15M 0.05%
SOLS $15M 0.05%
TTMI $12M 0.04%
ARWR $11M 0.04%
MOG-A $10M 0.03%
CTRE $10M 0.03%
IDCC $10M 0.03%
SITM $9M 0.03%
CC $9M 0.03%
BROS $8M 0.03%
YNDX $7M 0.02%
SARO $6M 0.02%
VICR $4M 0.01%

Sold Out Positions

SymbolValue% Port
KMPR —%
MOH —%
PNFP —%
LW —%
WIX —%
PAYC —%
ASGN —%
CIVI —%
PCH —%
CYBR —%
FYBR —%
DAY —%
CMA —%
SNV —%
View SEC EDGAR Filings for Retirement Systems of Alabama →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms