Retirement Systems of Alabama — 13F Holdings & Portfolio
CIK 1593051 · latest 13F-HR filed 2026-11-04
Retirement Systems of Alabama manages $33.90B in 13F-reported U.S. long-equity assets across 942 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (6.20%), AAPL (5.22%), MSFT (3.88%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 14 new positions and exited 22; 258 existing positions rose in reported value and 465 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-11-04
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 28.8%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MICROSOFT CORP$357.9M +37.3%
- NVIDIA CORPORATION$346.1M +19.7%
- ISHARES TR$332.1M +12026.7%
- VANGUARD BD INDEX FDS$306.4M +129.4%
- APPLE INC$271.0M +18.1%
Top Trims
- BROADCOM INC-$201.9M -25.5%
- APPLIED MATLS INC-$145.0M -43.1%
- ABBVIE INC-$102.0M -51.3%
- HOME DEPOT INC-$97.2M -62.0%
- MICRON TECHNOLOGY INC-$90.3M -18.3%
New Positions
- EXXONMOBIL HOLDINGS CORP$223.9M
- REDDIT INC$35.2M
- BLOOM ENERGY CORP$17.1M
- HUBSPOT INC$15.7M
- AGNC INVT CORP$14.6M
Exited Positions
- EXXON MOBIL CORP$189.3M
- MATCH GROUP INC NEW$44.5M
- WEBSTER FINL CORP$31.6M
- AVALONBAY CMNTYS INC$20.4M
- CHART INDS INC$15.1M
Retirement Systems of Alabama Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.10B | 6.20% | 9,205,611 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $1.77B | 5.22% | 5,314,048 | SH |
| 3 | MICROSOFT CORP | MSFT | 594918104 | $1.32B | 3.88% | 2,567,818 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $947.5M | 2.79% | 3,802,772 | SH |
| 5 | ALPHABET INC | GOOGL | 02079K305 | $711.7M | 2.10% | 2,068,309 | SH |
| 6 | ISHARES INC | IEMG | 46434G103 | $615.6M | 1.82% | 7,584,431 | SH |
| 7 | ISHARES TR | EEM | 464287234 | $609.9M | 1.80% | 9,131,302 | SH |
| 8 | BROADCOM INC | AVGO | 11135F101 | $590.1M | 1.74% | 1,680,183 | SH |
| 9 | ALPHABET INC | GOOG | 02079K107 | $562.7M | 1.66% | 1,651,460 | SH |
| 10 | META PLATFORMS INC | META | 30303M102 | $550.4M | 1.62% | 758,939 | SH |
| 11 | VANGUARD BD INDEX FDS | BND | 921937835 | $543.3M | 1.60% | 7,744,646 | SH |
| 12 | DIMENSIONAL ETF TRUST | DFAE | 25434V302 | $498.0M | 1.47% | 12,668,769 | SH |
| 13 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $415.2M | 1.22% | 678,654 | SH |
| 14 | MICRON TECHNOLOGY INC | MU | 595112103 | $402.6M | 1.19% | 377,993 | SH |
| 15 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $379.6M | 1.12% | 762,410 | SH |
| 16 | TESLA INC | TSLA | 88160R101 | $372.8M | 1.10% | 1,050,729 | SH |
| 17 | ISHARES TR | AGG | 464287226 | $334.9M | 0.99% | 3,542,133 | SH |
| 18 | JOHNSON & JOHNSON | JNJ | 478160104 | $289.0M | 0.85% | 1,091,479 | SH |
| 19 | ELI LILLY & CO | LLY | 532457108 | $285.8M | 0.84% | 246,991 | SH |
| 20 | JPMORGAN CHASE & CO | JPM | 46625H100 | $284.7M | 0.84% | 860,512 | SH |
| 21 | VISA INC | V | 92826C839 | $264.6M | 0.78% | 736,352 | SH |
| 22 | CHEVRON CORPORATION | CVX | 166764100 | $237.3M | 0.70% | 1,162,074 | SH |
| 23 | EXXONMOBIL HOLDINGS CORP | XOM | 30233Q108 | $223.9M | 0.66% | 1,375,862 | SH |
| 24 | VANGUARD INDEX FDS | VOO | 922908363 | $216.9M | 0.64% | 309,408 | SH |
| 25 | CISCO SYS INC | CSCO | 17275R102 | $211.9M | 0.63% | 1,969,076 | SH |
| 26 | MASTERCARD INCORPORATED | MA | 57636Q104 | $198.1M | 0.58% | 359,188 | SH |
| 27 | APPLIED MATLS INC | AMAT | 038222105 | $191.2M | 0.56% | 373,945 | SH |
| 28 | CATERPILLAR INC | CAT | 149123101 | $182.6M | 0.54% | 225,191 | SH |
| 29 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $181.3M | 0.53% | 199,130 | SH |
| 30 | BANK OF AMER CORP | BAC | 060505104 | $176.2M | 0.52% | 3,237,960 | SH |
| 31 | WALMART INC | WMT | 931142103 | $173.0M | 0.51% | 1,664,464 | SH |
| 32 | INTEL CORP | INTC | 458140100 | $168.4M | 0.50% | 1,400,535 | SH |
| 33 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $168.1M | 0.50% | 457,848 | SH |
| 34 | GE AEROSPACE | GE | 369604301 | $163.7M | 0.48% | 524,069 | SH |
| 35 | SALESFORCE INC | CRM | 79466L302 | $155.8M | 0.46% | 678,764 | SH |
| 36 | EQUINIX INC | EQIX | 29444U700 | $144.9M | 0.43% | 143,269 | SH |
| 37 | AMGEN INC | AMGN | 031162100 | $144.7M | 0.43% | 343,291 | SH |
| 38 | PHILIP MORRIS INTL INC | PM | 718172109 | $144.6M | 0.43% | 757,760 | SH |
| 39 | PROLOGIS INC. | PLD | 74340W103 | $142.3M | 0.42% | 1,095,609 | SH |
| 40 | SERVICENOW INC | NOW | 81762P102 | $140.1M | 0.41% | 1,045,558 | SH |
| 41 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $135.2M | 0.40% | 614,833 | SH |
| 42 | NETFLIX INC. | NFLX | 64110L106 | $134.6M | 0.40% | 1,933,969 | SH |
| 43 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $134.5M | 0.40% | 149,406 | SH |
| 44 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $134.4M | 0.40% | 199,108 | SH |
| 45 | KLA CORP | KLAC | 482480100 | $132.5M | 0.39% | 679,502 | SH |
| 46 | WELLS FARGO & CO | WFC | 949746101 | $131.7M | 0.39% | 1,645,420 | SH |
| 47 | PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 | $130.6M | 0.39% | 698,082 | SH |
| 48 | MORGAN STANLEY | MS | 617446448 | $129.0M | 0.38% | 685,973 | SH |
| 49 | CITIGROUP INC | C | 172967424 | $128.1M | 0.38% | 989,066 | SH |
| 50 | TEXAS INSTRS INC | TXN | 882508104 | $127.1M | 0.38% | 453,937 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | $33.90B | 942 | 0001140361-26-041923 |
| 2026-06-30 | 2026-07-28 | $33.21B | 950 | 0001140361-26-029874 |
| 2026-03-31 | 2026-04-24 | $29.98B | 947 | 0001140361-26-016605 |
| 2025-12-31 | 2026-01-15 | $30.80B | 943 | 0001140361-26-001270 |
MONTGOMERY, AL 36104