Institution

Illinois Municipal Retirement Fund

13F for the quarter to June 30, 2026, filed August 12, 2026 · SEC CIK 1541910

Reported value: $8.9bn
Positions we cover: 1,092
Copy, a year: +11.6%
Copy Sharpe ratio: 0.58

How copying its 13F would have done

CopyS&P 500 $10,000 copying Illinois Municipal Retirement Fund's filed holdings in companies we cover from February 12, 2021, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −22.5% (S&P 500 −23.9%); beta 0.91; alpha −1.0% a year (t = −0.66); last 12 months +14.9% against +12.1%.

Reported value by quarter

Illinois Municipal Retirement Fund: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2020-12-31	$2.1B
2021-03-31	$2.3B
2021-06-30	$2.5B
2021-09-30	$2.7B
2021-12-31	$3.6B
2022-03-31	$3.4B
2022-06-30	$4.3B
2022-09-30	$4.1B
2022-12-31	$4.5B
2024-06-30	$6.6B
2024-09-30	$7B
2024-12-31	$7.1B
2025-03-31	$6.9B
2025-06-30	$7.3B
2025-09-30	$7.8B
2025-12-31	$8B
2026-03-31	$7.9B
2026-06-30	$8.9B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	3.93%	$348.3m	1.74M	+0.2%
AAPLApple Inc.	3.68%	$326.2m	1.13M	−2.4% Reduced
MSFTMicrosoft Corporation	2.38%	$211.2m	566.1K	−2.1% Reduced
GOOGLAlphabet Inc. (Class A)	2.03%	$180.3m	504.7K	−14.9% Reduced
AMZNAmazon	2.00%	$177.0m	742.6K	+3.8% Added
AVGOBroadcom	1.31%	$116.4m	308.3K	+2.1% Added
METAMeta Platforms	1.23%	$109.0m	193.5K	+6.5% Added
JNJJohnson & Johnson	0.87%	$77.1m	303.7K	−3.3% Reduced
JPMJPMorgan Chase	0.85%	$75.6m	230.8K	−2.1% Reduced
LLYLilly (Eli)	0.76%	$67.2m	56.0K	+0.2%
AMATApplied Materials	0.74%	$65.5m	90.6K	−7.9% Reduced
TSLATesla, Inc.	0.73%	$64.5m	153.3K	+4.0% Added
WMTWalmart	0.71%	$63.4m	559.6K	−3.1% Reduced
MUMicron Technology	0.62%	$55.3m	47.9K	+17.1% Added
LRCXLam Research	0.61%	$54.2m	125.1K	−7.3% Reduced
VVisa Inc.	0.58%	$51.5m	150.2K	−7.7% Reduced
TJXTJX Companies	0.56%	$50.1m	330.8K	+29.3% Added
MOAltria	0.55%	$48.9m	680.0K	+2.6% Added
MRKMerck & Co.	0.55%	$48.8m	380.0K	−22.0% Reduced
CSCOCisco	0.54%	$48.2m	410.1K	−5.5% Reduced
COSTCostco	0.51%	$45.4m	48.6K	−12.1% Reduced
ABBVAbbVie	0.51%	$45.1m	179.4K	+2.2% Added
CVXChevron Corporation	0.49%	$43.5m	262.5K	+5.9% Added
BMYBristol Myers Squibb	0.48%	$43.1m	747.1K	+19.4% Added
BNYBNY Mellon	0.46%	$40.4m	279.4K	−21.5% Reduced
TERTeradyne	0.45%	$39.7m	82.1K	−17.2% Reduced
GILDGilead Sciences	0.44%	$38.6m	305.8K	−4.3% Reduced
VZVerizon	0.43%	$38.1m	899.9K	−2.2% Reduced
TRVThe Travelers Companies	0.42%	$36.9m	111.9K	+28.5% Added
MAMastercard	0.41%	$36.0m	70.1K	−10.9% Reduced
MNSTMonster Beverage	0.40%	$35.8m	372.6K	−0.4%
PEPPepsiCo	0.39%	$34.7m	256.0K	+48.4% Added
PGProcter & Gamble	0.39%	$34.7m	236.3K	−7.8% Reduced
KLACKLA Corporation	0.39%	$34.6m	114.8K	+972.1% Added
BACBank of America	0.38%	$34.0m	596.2K	+44.8% Added
AMDAdvanced Micro Devices	0.38%	$33.8m	58.3K	−17.3% Reduced
QCOMQualcomm	0.37%	$32.6m	176.3K	−24.5% Reduced
CIENCiena	0.36%	$32.3m	65.9K	+33.0% Added
CCitigroup	0.36%	$31.6m	225.5K	+39.1% Added
CATCaterpillar Inc.	0.35%	$31.3m	29.4K	+8.9% Added
ROSTRoss Stores	0.35%	$31.2m	146.8K	−8.8% Reduced
EBAYeBay Inc.	0.34%	$30.3m	270.9K	−9.0% Reduced
ALLAllstate	0.34%	$30.2m	126.9K	−25.7% Reduced
TGTTarget Corporation	0.34%	$30.1m	230.3K	+38.0% Added
EOGEOG Resources	0.34%	$29.7m	228.9K	+34.0% Added
INCYIncyte	0.33%	$29.5m	260.3K	+2.1% Added
GLWCorning Inc.	0.33%	$29.5m	115.5K	−51.7% Reduced
TPRTapestry, Inc.	0.33%	$29.4m	201.1K	+75.8% Added
KOThe Coca-Cola Company	0.33%	$28.9m	356.1K	−3.8% Reduced
ADBEAdobe Inc.	0.32%	$28.7m	139.9K	+91.0% Added
COPConocoPhillips	0.32%	$28.3m	272.6K	+35.4% Added
TAT&T	0.32%	$28.1m	1.36M	−12.8% Reduced
CASYCasey's	0.31%	$27.6m	34.7K	+69.0% Added
VLOValero Energy	0.31%	$27.4m	105.2K	+127.5% Added
DUKDuke Energy	0.31%	$27.2m	214.9K	−10.4% Reduced
FFIVF5, Inc.	0.29%	$26.2m	63.0K	+88.0% Added
EXPEExpedia Group	0.29%	$25.6m	100.2K	−9.6% Reduced
NTAPNetApp	0.29%	$25.6m	165.4K	−24.1% Reduced
SYFSynchrony Financial	0.29%	$25.5m	335.6K	−6.7% Reduced
KRKroger	0.29%	$25.4m	457.4K	−4.9% Reduced
HUMHumana	0.28%	$24.7m	62.3K	+15.7% Added
CMICummins	0.28%	$24.6m	34.5K	−11.7% Reduced
SOSouthern Company	0.28%	$24.5m	255.7K	−11.4% Reduced
WDCWestern Digital	0.28%	$24.5m	38.3K	−69.1% Reduced
NTRSNorthern Trust	0.28%	$24.4m	140.3K	−20.3% Reduced
ELVElevance Health	0.27%	$24.1m	62.4K	+0.6% Added
UNHUnitedHealth Group	0.27%	$23.5m	56.6K	−5.1% Reduced
HIGThe Hartford	0.26%	$23.2m	174.9K	−17.6% Reduced
ITWIllinois Tool Works	0.25%	$22.5m	83.3K	+42.4% Added
CINFCincinnati Financial	0.25%	$22.5m	121.7K	+1.2% Added
DLTRDollar Tree	0.25%	$22.5m	185.9K	+6.8% Added
TXNTexas Instruments	0.25%	$22.5m	75.4K	+76.6% Added
MSMorgan Stanley	0.25%	$22.2m	106.2K	−20.3% Reduced
WFCWells Fargo	0.25%	$22.0m	266.0K	−15.2% Reduced
HDThe Home Depot	0.25%	$22.0m	62.3K	−5.4% Reduced
DVNDevon Energy	0.25%	$21.8m	528.1K	+171.1% Added
TMUST-Mobile US	0.24%	$21.7m	129.5K	+35.9% Added
DGDollar General	0.24%	$21.6m	187.5K	−0.2%
SNDKSandisk	0.24%	$21.5m	9.4K	+10.7% Added
BIIBBiogen	0.24%	$21.5m	99.3K	+11.2% Added
AEPAmerican Electric Power	0.24%	$21.4m	156.1K	+18.9% Added
CTVACorteva, Inc.	0.24%	$21.3m	251.5K	+22.8% Added
AMGNAmgen	0.24%	$21.3m	58.8K	+284.2% Added
UTHRUnited Therapeutics Corp	0.24%	$21.2m	39.0K	+75.3% Added
CMCSAComcast	0.24%	$21.1m	860.7K	+64.6% Added
CLColgate-Palmolive	0.24%	$21.0m	228.8K	−14.0% Reduced
ORLYO'Reilly Automotive	0.23%	$20.7m	224.8K	−15.8% Reduced
TTWOTake TWO Interactive Software Inc	0.23%	$20.6m	82.5K	+398.8% Added
EMEEmcor	0.23%	$20.5m	24.7K	−8.7% Reduced
CBChubb Limited	0.23%	$20.5m	60.2K	+44.6% Added
RJFRaymond James Financial	0.23%	$20.5m	134.7K	−12.6% Reduced
AXPAmerican Express	0.23%	$20.4m	60.3K	+8.0% Added
EXPDExpeditors International	0.23%	$20.4m	125.2K	+2.4% Added
KEYSKeysight Technologies	0.23%	$20.4m	58.2K	−0.5%
SNASnap-on	0.23%	$20.0m	49.7K	+11.9% Added
PMPhilip Morris International	0.22%	$19.9m	109.9K	−58.6% Reduced
TELTE Connectivity	0.22%	$19.8m	98.4K	+6.7% Added
RSReliance, Inc.	0.22%	$19.8m	53.0K	−2.6% Reduced
GWWW. W. Grainger	0.22%	$19.7m	14.5K	+22.2% Added
ABNBAirbnb	0.22%	$19.6m	136.7K	+86.2% Added
CRMSalesforce	0.22%	$19.3m	122.9K	+74.3% Added
ADMArcher Daniels Midland	0.22%	$19.2m	251.3K	+10.0% Added
APPApplovin Corp	0.22%	$19.2m	37.3K	−37.2% Reduced
REGNRegeneron Pharmaceuticals	0.22%	$19.1m	30.7K	+23.4% Added
NFLXNetflix	0.21%	$19.1m	267.3K	−14.5% Reduced
CVSCVS Health	0.21%	$19.0m	183.6K	−16.7% Reduced
ILMNIllumina, Inc.	0.21%	$19.0m	108.0K	+10.8% Added
STXSeagate Technology	0.21%	$18.9m	19.6K	+8.0% Added
PFEPfizer	0.21%	$18.9m	783.9K	+45.2% Added
GEVGE Vernova	0.21%	$18.8m	16.0K	+3.1% Added
INTCIntel	0.21%	$18.5m	132.7K	−62.9% Reduced
NEMNewmont	0.21%	$18.5m	197.7K	+36.7% Added
FDXFedEx	0.21%	$18.4m	58.9K	−13.9% Reduced
ABTAbbott Laboratories	0.21%	$18.3m	201.8K	−4.7% Reduced
USBU.S. Bancorp	0.21%	$18.3m	303.1K	+228.5% Added
FERGFerguson Enterprises	0.21%	$18.3m	77.1K	+21.0% Added
VRSNVerisign Inc	0.21%	$18.3m	72.6K	−2.3% Reduced
PGRProgressive Corporation	0.21%	$18.2m	83.5K	−27.2% Reduced
TWLOTwilio Inc	0.20%	$18.2m	88.3K	−6.8% Reduced
FLEXFlex Ltd.	0.20%	$18.0m	111.3K	+79.2% Added
LOWLowe's	0.20%	$17.8m	80.9K	+28.2% Added
IBMIBM	0.20%	$17.8m	63.2K	−19.7% Reduced
KMIKinder Morgan	0.20%	$17.6m	549.8K	−16.2% Reduced
ADSKAutodesk, Inc.	0.20%	$17.4m	89.6K	−5.9% Reduced
WSMWilliams-Sonoma, Inc.	0.20%	$17.3m	74.3K	−15.1% Reduced
MDTMedtronic	0.19%	$17.1m	218.2K	+15.3% Added
VRTXVertex Pharmaceuticals	0.19%	$17.0m	34.3K	−15.6% Reduced
TROWT. Rowe Price	0.19%	$16.8m	147.8K	+57.4% Added
SYYSysco	0.19%	$16.7m	200.3K	−2.6% Reduced
MPCMarathon Petroleum	0.19%	$16.5m	64.4K	−4.2% Reduced
AZOAutoZone	0.19%	$16.5m	5.2K	−17.6% Reduced
USFDUS Foods Holding Corp.	0.18%	$16.4m	160.6K	−2.5% Reduced
ACGLArch Capital Group	0.18%	$16.4m	168.7K	+1.3% Added
CCLCarnival Corporation	0.18%	$16.3m	571.9K	New
JBLJabil	0.18%	$16.2m	42.1K	+244.6% Added
PEverpure	0.18%	$16.1m	204.8K	+239.5% Added
ULTAUlta Beauty	0.18%	$16.1m	35.7K	+6.7% Added
KDPKeurig Dr Pepper	0.18%	$16.0m	488.5K	+5.9% Added
GRMNGarmin	0.18%	$15.9m	67.0K	−0.4%
WRBW. R. Berkley Corporation	0.18%	$15.9m	225.6K	−8.1% Reduced
TDYTeledyne Technologies	0.18%	$15.7m	23.6K	+65.7% Added
KMBKimberly-Clark	0.18%	$15.7m	143.2K	+42.3% Added
NVRNVR, Inc.	0.18%	$15.7m	2.3K	−4.6% Reduced
NTRANatera, Inc.	0.18%	$15.6m	57.4K	+234.2% Added
CBOECboe Global Markets	0.18%	$15.6m	64.1K	−24.5% Reduced
HPEHewlett Packard Enterprise	0.17%	$15.6m	344.9K	−23.4% Reduced
PLTRPalantir Technologies Inc.	0.17%	$15.5m	133.0K	+5.9% Added
FASTFastenal	0.17%	$15.4m	321.2K	−19.3% Reduced
ETREntergy	0.17%	$15.2m	132.6K	−26.5% Reduced
ZMZoom Communications, Inc.	0.17%	$15.1m	175.0K	−10.4% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$31.4m	104.1K
TTWOTake TWO Interactive Software Inc	$16.5m	66.0K
CCLCarnival Corporation	$16.3m	571.9K
AMGNAmgen	$15.7m	43.5K
VLOValero Energy	$15.4m	59.0K
ODFLOld Dominion	$14.0m	64.4K
DVNDevon Energy	$13.8m	333.3K
ADBEAdobe Inc.	$13.7m	66.6K
USBU.S. Bancorp	$12.7m	210.8K
TPRTapestry, Inc.	$12.7m	86.8K
BKNGBooking Holdings	$12.4m	69.4K
MDBMongodb, Inc.	$12.3m	36.7K
FFIVF5, Inc.	$12.3m	29.5K
JBLJabil	$11.5m	29.9K
CFGCitizens Financial Group	$11.5m	163.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
WDCWestern Digital	−$54.8m	−85.9K
GOOGLAlphabet Inc. (Class A)	−$31.6m	−88.5K
GLWCorning Inc.	−$31.6m	−123.7K
INTCIntel	−$31.4m	−224.5K
PMPhilip Morris International	−$28.2m	−155.7K
SPOTSpotify Technology S.a.	−$16.1m	−35.1K
CMECME Group	−$15.2m	−68.8K
MRKMerck & Co.	−$13.8m	−107.4K
APPApplovin Corp	−$11.4m	−22.1K
BNYBNY Mellon	−$11.1m	−76.5K
QCOMQualcomm	−$10.6m	−57.2K
ALLAllstate	−$10.5m	−43.9K
SWKSSkyworks Solutions, Inc.	−$8.5m	−126.0K
TERTeradyne	−$8.3m	−17.1K
NTAPNetApp	−$8.1m	−52.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CVNACarvana	$6.8m	21.6K
SNPSSynopsys Inc	$6.5m	16.4K
VRSKVerisk Analytics, Inc.	$6.3m	33.3K
CHKPCheck Point Software Technologies LTD	$6.1m	42.4K
MMM3M	$4.4m	30.4K
SANMSanmina Corp	$4.4m	34.0K
HRBH&R Block Inc	$4.4m	137.3K
UHSUniversal Health Services	$4.1m	23.1K
VIAVViavi Solutions Inc.	$3.7m	112.2K
IPInternational Paper	$3.6m	99.7K
FNFFidelity National Financial, Inc.	$3.3m	72.1K
PTCTPTC Therapeutics, Inc.	$2.9m	42.4K
MMSMaximus, Inc.	$2.7m	42.6K
BBWIBath & Body Works, Inc.	$2.7m	146.1K
CLXClorox	$2.7m	26.2K
PKGPackaging Corporation of America	$2.7m	12.7K
MSCIMSCI	$2.7m	4.9K
XYZBlock, Inc.	$2.0m	33.3K
WSCWillscot Holdings Corp	$1.8m	103.8K
BOXBOX Inc	$1.7m	70.0K
SSNCSS&C Technologies Holdings Inc	$1.7m	24.5K
KDKyndryl Holdings, Inc.	$1.6m	125.4K
MARAMara Holdings, Inc.	$1.6m	201.0K
QGENQiagen N.V.	$1.6m	40.7K
QLYSQualys, Inc.	$1.6m	18.0K
MZTIMarzetti Co	$1.5m	11.1K
PPCPilgrims Pride Corp	$1.5m	40.5K
COINCoinbase	$1.3m	7.2K
IVZInvesco	$1.3m	51.6K
ELFE.l.f. Beauty, Inc.	$1.2m	19.0K

Technology27.4%
Financials13.7%
Consumer Discretionary11.9%
Health Care11.5%
Industrials9.7%
Consumer Staples8.1%
Communication Services6.5%
Energy3.6%
Utilities3.4%
Materials2.3%
Real Estate2.1%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 12, 2021 to November 2, 2026	+11.6%	+13.7%	0.58	0.67	−22.5%	0.91
Last three yearsNovember 3, 2023 to November 2, 2026	+18.6%	+21.8%	1.08	1.16	−15.4%	0.83
Last yearNovember 7, 2025 to November 2, 2026	+16.0%	+14.2%	1.19	0.84	−6.7%	0.70

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.