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Retirement Systems Of Alabama

13F for the quarter to June 30, 2026, filed July 28, 2026 · SEC CIK 1593051

Reported value
$33.2bn
88% in companies we cover
Positions we cover
909
Largest NVDA 5.3%
Copy, a year
+13.4%
S&P 500 +13.4%
Copy Sharpe ratio
0.70
S&P 500 0.71

How copying its 13F would have done

$10.0k$20.0k$40.0k 201520172019202120232025 $43.8k$43.5k
CopyS&P 500 $10,000 copying Retirement Systems Of Alabama's filed holdings in companies we cover from February 13, 2015, 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 −33.1% (S&P 500 −31.8%); beta 1.01; alpha −0.1% a year (t = −0.16); last 12 months +12.8% against +12.1%.

Reported value by quarter

Retirement Systems Of Alabama: 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).
$0 $10T $20T $30T Reported value, 2013-03-31: $14.5B Reported value, 2013-06-30: $14.9B Reported value, 2013-09-30: $15.7B Reported value, 2013-12-31: $16.9B Reported value, 2014-03-31: $17.3B Reported value, 2014-06-30: $18B Reported value, 2014-09-30: $17.9B Reported value, 2014-12-31: $18.8B Reported value, 2015-03-31: $18.5B Reported value, 2015-06-30: $18.4B Reported value, 2015-09-30: $16.6B Reported value, 2015-12-31: $17B Reported value, 2016-03-31: $16.9B Reported value, 2016-06-30: $17.1B Reported value, 2016-09-30: $17.1B Reported value, 2016-12-31: $17.2B Reported value, 2017-03-31: $18.1B Reported value, 2017-06-30: $18.6B Reported value, 2017-09-30: $19.2B Reported value, 2017-12-31: $20.7B Reported value, 2018-03-31: $20.2B Reported value, 2018-06-30: $20.4B Reported value, 2018-09-30: $21.2B Reported value, 2018-12-31: $18.1B Reported value, 2019-03-31: $20.6B Reported value, 2019-06-30: $21.4B Reported value, 2019-09-30: $20.9B Reported value, 2019-12-31: $22.5B Reported value, 2020-03-31: $18B Reported value, 2020-06-30: $20.7B Reported value, 2020-09-30: $21.8B Reported value, 2020-12-31: $25.4B Reported value, 2021-03-31: $26.5B Reported value, 2021-06-30: $27.7B Reported value, 2021-09-30: $26.7B Reported value, 2021-12-31: $28.7B Reported value, 2022-03-31: $27.3B Reported value, 2022-06-30: $23.3B Reported value, 2022-09-30: $21.5B Reported value, 2022-12-31: $22.9T Reported value, 2023-03-31: $23.1B Reported value, 2023-06-30: $22.3B Reported value, 2023-09-30: $21.4B Reported value, 2023-12-31: $23.6B Reported value, 2024-03-31: $25.9B Reported value, 2024-06-30: $25.9B Reported value, 2024-09-30: $26.7B Reported value, 2024-12-31: $26.9B Reported value, 2025-03-31: $25.7B Reported value, 2025-06-30: $27.9B Reported value, 2025-09-30: $30.1B Reported value, 2025-12-31: $30.8B Reported value, 2026-03-31: $30B Reported value, 2026-06-30: $33.2B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $33.2B
View chart data
Period Reported value
2013-03-31 $14.5B
2013-06-30 $14.9B
2013-09-30 $15.7B
2013-12-31 $16.9B
2014-03-31 $17.3B
2014-06-30 $18B
2014-09-30 $17.9B
2014-12-31 $18.8B
2015-03-31 $18.5B
2015-06-30 $18.4B
2015-09-30 $16.6B
2015-12-31 $17B
2016-03-31 $16.9B
2016-06-30 $17.1B
2016-09-30 $17.1B
2016-12-31 $17.2B
2017-03-31 $18.1B
2017-06-30 $18.6B
2017-09-30 $19.2B
2017-12-31 $20.7B
2018-03-31 $20.2B
2018-06-30 $20.4B
2018-09-30 $21.2B
2018-12-31 $18.1B
2019-03-31 $20.6B
2019-06-30 $21.4B
2019-09-30 $20.9B
2019-12-31 $22.5B
2020-03-31 $18B
2020-06-30 $20.7B
2020-09-30 $21.8B
2020-12-31 $25.4B
2021-03-31 $26.5B
2021-06-30 $27.7B
2021-09-30 $26.7B
2021-12-31 $28.7B
2022-03-31 $27.3B
2022-06-30 $23.3B
2022-09-30 $21.5B
2022-12-31 $22.9T
2023-03-31 $23.1B
2023-06-30 $22.3B
2023-09-30 $21.4B
2023-12-31 $23.6B
2024-03-31 $25.9B
2024-06-30 $25.9B
2024-09-30 $26.7B
2024-12-31 $26.9B
2025-03-31 $25.7B
2025-06-30 $27.9B
2025-09-30 $30.1B
2025-12-31 $30.8B
2026-03-31 $30B
2026-06-30 $33.2B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation5.29%$1.8bn8.78M−0.8% Reduced
AAPLApple Inc.4.51%$1.5bn5.18M−0.3%
MSFTMicrosoft Corporation2.89%$959.1m2.57M−0.6% Reduced
AMZNAmazon2.71%$901.3m3.78M−5.1% Reduced
AVGOBroadcom2.38%$791.9m2.10M−0.6% Reduced
GOOGLAlphabet Inc. (Class A)2.23%$742.0m2.08M+5.0% Added
MUMicron Technology1.48%$492.9m427.0K−3.2% Reduced
METAMeta Platforms1.32%$437.7m777.0K+10.4% Added
TSLATesla, Inc.1.05%$349.4m830.8K+3.1% Added
AMATApplied Materials1.01%$336.3m465.1K−0.4%
JPMJPMorgan Chase0.85%$283.5m866.0K−1.1% Reduced
JNJJohnson & Johnson0.83%$277.3m1.09M−10.0% Reduced
VVisa Inc.0.75%$249.7m727.7K−1.1% Reduced
CSCOCisco0.75%$248.2m2.11M−23.0% Reduced
CATCaterpillar Inc.0.74%$245.9m230.9K−0.9% Reduced
AMDAdvanced Micro Devices0.72%$240.3m413.7K+19.5% Added
LLYLilly (Eli)0.71%$235.6m196.4K+16.7% Added
KLACKLA Corporation0.62%$205.1m679.9K+894.3% Added
ABBVAbbVie0.60%$198.9m790.4K−0.5% Reduced
GEGE Aerospace0.59%$196.5m525.7K−0.7% Reduced
IBMIBM0.58%$193.2m687.1K+2.7% Added
CVXChevron Corporation0.57%$189.1m1.14M−0.4%
BACBank of America0.56%$184.9m3.25M−4.1% Reduced
MAMastercard0.56%$184.4m359.1K−0.9% Reduced
COSTCostco0.55%$180.9m193.4K−0.5% Reduced
INTCIntel0.53%$176.9m1.27M+27.0% Added
WMTWalmart0.48%$160.5m1.42M−13.5% Reduced
HDThe Home Depot0.47%$156.7m444.4K−0.5%
GSGoldman Sachs0.46%$152.0m150.3K−11.1% Reduced
EQIXEquinix0.45%$150.2m144.1K−0.1%
PLDPrologis0.45%$147.7m1.09M−0.1%
KOThe Coca-Cola Company0.44%$147.3m1.81M−0.5%
MSMorgan Stanley0.43%$143.7m687.5K−12.9% Reduced
PMPhilip Morris International0.43%$142.6m788.2K−5.8% Reduced
CCitigroup0.42%$139.3m995.6K−8.4% Reduced
WFCWells Fargo0.41%$136.7m1.65M−0.8% Reduced
AMGNAmgen0.37%$124.3m343.3K−0.3%
WELLWelltower0.37%$122.0m537.4K0.0%
QCOMQualcomm0.36%$118.8m643.0K−0.8% Reduced
AXPAmerican Express0.36%$118.2m349.5K−6.2% Reduced
NFLXNetflix0.35%$115.1m1.61M+20.9% Added
LRCXLam Research0.34%$113.8m262.7K−0.9% Reduced
HWMHowmet Aerospace0.33%$110.0m409.2K−0.3%
EBAYeBay Inc.0.33%$108.3m969.2K−0.3%
CRMSalesforce0.32%$106.4m678.9K−3.8% Reduced
HPEHewlett Packard Enterprise0.32%$104.9m2.32M−45.7% Reduced
NOWServiceNow0.31%$103.8m1.05M+370.6% Added
BKNGBooking Holdings0.31%$103.7m581.8K+2364.7% Added
TXNTexas Instruments0.31%$101.6m341.0K−0.4%
PGProcter & Gamble0.31%$101.5m692.2K−7.4% Reduced
SCHWCharles Schwab Corporation0.30%$101.1m1.10M−3.2% Reduced
TMOThermo Fisher Scientific0.30%$100.1m199.6K−0.9% Reduced
NTAPNetApp0.30%$99.3m641.9K−18.0% Reduced
DISThe Walt Disney Company0.28%$91.8m954.1K−1.2% Reduced
CVSCVS Health0.27%$90.5m874.6K−0.2%
CAHCardinal Health0.27%$89.5m376.6K−0.2%
VZVerizon0.27%$88.6m2.09M−0.9% Reduced
UNPUnion Pacific Corporation0.26%$85.9m315.9K−0.4%
ADBEAdobe Inc.0.26%$85.7m418.2K+16.3% Added
PFEPfizer0.25%$83.4m3.46M−0.3%
ISRGIntuitive Surgical0.25%$82.3m206.9K−0.5%
BMYBristol Myers Squibb0.24%$80.9m1.40M−0.2%
REGNRegeneron Pharmaceuticals0.24%$79.7m127.9K−0.3%
PHParker Hannifin0.24%$79.4m81.2K−0.4%
UNHUnitedHealth Group0.24%$79.3m190.8K−0.8% Reduced
UBERUber0.23%$76.5m1.06M−0.9% Reduced
VTRVentas0.23%$75.9m854.3K+0.1%
COPConocoPhillips0.23%$75.5m726.4K−0.6% Reduced
URIUnited Rentals0.23%$74.9m66.1K−0.3%
JCIJohnson Controls0.22%$74.1m507.4K−0.4%
ORCLOracle Corporation0.22%$73.3m500.2K+38.9% Added
CBChubb Limited0.22%$73.0m214.3K−16.5% Reduced
SNDKSandisk0.21%$70.7m31.1K−0.7% Reduced
HCAHCA Healthcare0.20%$68.1m174.6K−0.4%
YUMYum! Brands0.20%$67.7m423.4K−0.2%
MRKMerck & Co.0.20%$66.7m518.9K−1.6% Reduced
GEVGE Vernova0.20%$66.3m56.5K−1.4% Reduced
WDAYWorkday, Inc.0.20%$66.1m540.3K+58.7% Added
MRVLMarvell Technology0.20%$66.1m221.9K+174.0% Added
NOCNorthrop Grumman0.20%$65.5m128.6K−0.2%
MKSIMKS Inc0.20%$64.9m146.0K−7.9% Reduced
CMCSAComcast0.20%$64.8m2.64M−0.5% Reduced
CTVACorteva, Inc.0.19%$63.9m754.5K−0.3%
TDGTransDigm Group0.18%$61.2m46.0K−0.5% Reduced
GMGeneral Motors0.18%$60.7m788.0K−0.3%
CWCurtiss Wright Corp0.18%$60.6m80.0K−8.0% Reduced
NVTnVent Electric plc0.18%$59.7m351.8K−8.0% Reduced
AMTAmerican Tower0.18%$58.7m358.9K−0.4%
CLColgate-Palmolive0.18%$58.7m640.4K−0.5%
EMREmerson Electric0.18%$58.4m407.7K−0.4%
SHWSherwin-Williams0.17%$58.2m169.1K−0.5%
PANWPalo Alto Networks0.17%$58.1m170.4K−0.7% Reduced
MMM3M0.17%$57.4m354.8K−0.6% Reduced
CTSHCognizant0.17%$56.8m1.47M−0.1%
MNSTMonster Beverage0.17%$56.7m589.4K+289.1% Added
ATIATI Inc0.17%$56.5m286.9K−8.1% Reduced
RCLRoyal Caribbean Group0.17%$56.4m177.5K−0.6% Reduced
PLTRPalantir Technologies Inc.0.17%$56.3m482.4K−0.6% Reduced
SPGSimon Property Group0.17%$55.8m249.5K−0.4%
WWDWoodward, Inc.0.17%$54.6m128.4K−8.2% Reduced
PEPPepsiCo0.16%$54.2m400.5K−0.8% Reduced
DALDelta Air Lines0.16%$54.2m578.3K−0.1%
ETREntergy0.16%$54.2m471.6K−20.6% Reduced
RTXRTX Corporation0.16%$53.7m282.9K−0.8% Reduced
CCICrown Castle0.16%$53.0m699.5K−0.1%
KMIKinder Morgan0.16%$52.2m1.63M−0.3%
WMWaste Management0.15%$51.5m231.3K−0.5% Reduced
TWLOTwilio Inc0.15%$50.9m246.7K−33.2% Reduced
PKGPackaging Corporation of America0.15%$50.5m212.1K−0.2%
LINLinde plc0.15%$50.4m97.1K−2.0% Reduced
MDLZMondelez International0.15%$50.3m870.5K−0.3%
ADPAutomatic Data Processing0.15%$49.9m223.0K−0.7% Reduced
CICigna0.15%$49.5m179.7K−0.2%
HPQHP Inc.0.15%$49.5m2.26M+1058.0% Added
WECWEC Energy Group0.15%$49.1m420.2K−0.2%
BSXBoston Scientific0.15%$48.9m1.15M+264.2% Added
ITWIllinois Tool Works0.15%$48.7m179.9K−0.4%
UTHRUnited Therapeutics Corp0.15%$48.5m89.5K−9.0% Reduced
AZOAutoZone0.14%$46.8m14.6K+12.8% Added
AFLAflac0.14%$46.6m397.5K−14.0% Reduced
NKENike, Inc.0.14%$46.4m1.13M−0.1%
WDCWestern Digital0.14%$46.2m72.4K+0.6% Added
AJGArthur J. Gallagher & Co.0.14%$46.0m200.4K−0.3%
APHAmphenol0.14%$45.6m258.4K−1.0% Reduced
STXSeagate Technology0.14%$45.5m47.1K+1.7% Added
TAT&T0.14%$45.4m2.19M−1.2% Reduced
DLRDigital Realty0.14%$44.8m249.5K+0.3%
RSReliance, Inc.0.14%$44.7m119.7K−8.6% Reduced
MTCHMatch Group, Inc.0.13%$44.5m1.17M−40.7% Reduced
EXELExelixis, Inc.0.13%$44.1m810.7K−6.7% Reduced
ORealty Income0.13%$43.9m708.9K+0.1%
USFDUS Foods Holding Corp.0.13%$43.2m422.5K−9.2% Reduced
EXCExelon0.13%$43.0m921.4K−0.2%
ZMZoom Communications, Inc.0.13%$42.6m493.3K−35.0% Reduced
GLWCorning Inc.0.13%$42.0m164.5K−0.8% Reduced
CRSCarpenter Technology Corp0.13%$41.7m67.6K−12.5% Reduced
NINiSource0.12%$41.1m864.0K−0.1%
MCHPMicrochip Technology Inc0.12%$40.9m448.4K−0.3%
CRWDCrowdStrike0.12%$40.8m53.5K−0.1%
ADIAnalog Devices0.12%$40.7m102.6K−1.2% Reduced
MTArcelormittal0.12%$40.6m674.1K0.0%
MCDMcDonald's0.12%$40.3m149.3K−1.3% Reduced
LHXL3Harris0.12%$40.0m137.5K−0.4%
XPOXPO, Inc.0.12%$39.1m190.4K−12.0% Reduced
EWBCEast West Bancorp Inc0.12%$39.0m302.3K−10.8% Reduced
PSAPublic Storage0.12%$38.6m121.3K−0.3%
JAZZJazz Pharmaceuticals plc0.12%$38.5m159.7K−5.7% Reduced
NEENextEra Energy0.12%$38.5m438.1K−0.9% Reduced
LVSLas Vegas Sands0.12%$38.1m825.7K−0.2%
ENTGEntegris Inc0.11%$37.8m210.2K+12.8% Added
CompanyBought (value)Shares
KLACKLA Corporation$184.5m611.5K
BKNGBooking Holdings$99.5m558.2K
NOWServiceNow$81.7m823.3K
HPQHP Inc.$45.3m2.06M
MNSTMonster Beverage$42.1m437.9K
MRVLMarvell Technology$42.0m140.9K
METAMeta Platforms$41.1m73.0K
AMDAdvanced Micro Devices$39.2m67.4K
INTCIntel$37.6m269.5K
BSXBoston Scientific$35.5m831.9K
GOOGLAlphabet Inc. (Class A)$35.4m99.1K
LLYLilly (Eli)$33.7m28.1K
CMSCMS Energy$32.2m420.3K
CVNACarvana$26.4m401.1K
WDAYWorkday, Inc.$24.5m199.8K

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

CompanySold (value)Shares
AKAMAkamai Technologies−$95.6m−808.8K
HPEHewlett Packard Enterprise−$88.3m−1.96M
CSCOCisco−$74.1m−630.9K
KDPKeurig Dr Pepper−$68.5m−2.09M
FLEXFlex Ltd.−$60.5m−373.5K
AMZNAmazon−$48.4m−203.1K
CASYCasey's−$39.2m−49.3K
KEYKeyCorp−$34.1m−1.48M
JNJJohnson & Johnson−$30.7m−121.0K
MTCHMatch Group, Inc.−$30.5m−801.4K
TWLOTwilio Inc−$25.3m−122.6K
WMTWalmart−$25.0m−220.9K
ZMZoom Communications, Inc.−$22.9m−265.2K
TTDTrade Desk, Inc.−$22.0m−1.22M
NTAPNetApp−$21.8m−141.1K

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

CompanyValue last quarterShares
BRBRBellring Brands, Inc.$12.5m777.9K
FLOFlowers Foods Inc$2.1m258.9K
BLKBBlackbaud Inc$1.7m43.9K
CAGConagra Brands Inc.$1.6m101.6K
EPAMEPAM Systems, Inc.$1.6m11.7K
CNXCConcentrix Corp$1.5m53.6K
POOLPool Corp$1.4m7.0K
CPBCampbell's Co$930,55241.8K
COTYCoty Inc.$910,777453.1K
MNDYMonday.com Ltd.$841,76012.2K
  • Technology34.1%
  • Industrials12.2%
  • Financials11.2%
  • Consumer Discretionary9.9%
  • Health Care9.1%
  • Communication Services6.3%
  • Real Estate4.9%
  • Consumer Staples4.4%
  • Materials2.8%
  • Energy2.6%
  • Utilities2.5%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 13, 2015 to November 2, 2026+13.4%+13.4%0.700.71−33.1%1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.4%+13.9%0.630.66−33.1%1.00
Last three yearsNovember 3, 2023 to November 2, 2026+20.4%+21.8%1.101.16−16.9%0.95
Last yearNovember 7, 2025 to November 2, 2026+14.2%+14.2%0.910.84−7.7%0.87

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.