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Virginia Retirement Systems Et Al

13F for the quarter to June 30, 2026, filed August 25, 2026 · SEC CIK 1005354

Reported value
$16.7bn
96% in companies we cover
Positions we cover
1,267
Largest NVDA 6.2%
Copy, a year
+13.5%
S&P 500 +13.9%
Copy Sharpe ratio
0.75
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$53.2k
CopyS&P 500 $10,000 copying Virginia Retirement Systems Et Al's filed holdings in companies we cover from August 9, 2013, 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 −33.2% (S&P 500 −31.8%); beta 0.99; alpha −0.2% a year (t = −0.33); last 12 months +14.4% against +12.1%.

Reported value by quarter

Virginia Retirement Systems Et Al: 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 $5T $10T Reported value, 2013-06-30: $5.3B Reported value, 2013-09-30: $4.7B Reported value, 2013-12-31: $5B Reported value, 2014-03-31: $5.3B Reported value, 2014-06-30: $5.8B Reported value, 2014-09-30: $6B Reported value, 2014-12-31: $6.4B Reported value, 2015-03-31: $6.6B Reported value, 2015-06-30: $6.6B Reported value, 2015-09-30: $6.5B Reported value, 2015-12-31: $6.7B Reported value, 2016-06-30: $6.8B Reported value, 2016-09-30: $6.9B Reported value, 2016-12-31: $7.2B Reported value, 2017-03-31: $7.8B Reported value, 2017-06-30: $8B Reported value, 2017-09-30: $8.2B Reported value, 2017-12-31: $8.5B Reported value, 2018-03-31: $8.3B Reported value, 2018-06-30: $8.2B Reported value, 2018-09-30: $8.6B Reported value, 2018-12-31: $7.4B Reported value, 2019-03-31: $8.5B Reported value, 2019-06-30: $8.7B Reported value, 2019-09-30: $8.9B Reported value, 2019-12-31: $9.3B Reported value, 2020-03-31: $7.3B Reported value, 2020-06-30: $8.5B Reported value, 2020-09-30: $8.8B Reported value, 2020-12-31: $9.5B Reported value, 2021-03-31: $10.2B Reported value, 2021-06-30: $10.2B Reported value, 2021-09-30: $9.8B Reported value, 2021-12-31: $14.7B Reported value, 2022-03-31: $10.7B Reported value, 2022-09-30: $8.8T Reported value, 2022-12-31: $9.6T Reported value, 2023-03-31: $9.7B Reported value, 2023-06-30: $10.4B Reported value, 2023-09-30: $10.1B Reported value, 2025-03-31: $13.5B Reported value, 2025-06-30: $14.5B Reported value, 2025-09-30: $15.4B Reported value, 2025-12-31: $16.8B Reported value, 2026-03-31: $13.5B Reported value, 2026-06-30: $16.7B 2013-06-30 2015-09-30 2018-03-31 2020-06-30 2022-12-31 2026-06-30 $16.7B
View chart data
Period Reported value
2013-06-30 $5.3B
2013-09-30 $4.7B
2013-12-31 $5B
2014-03-31 $5.3B
2014-06-30 $5.8B
2014-09-30 $6B
2014-12-31 $6.4B
2015-03-31 $6.6B
2015-06-30 $6.6B
2015-09-30 $6.5B
2015-12-31 $6.7B
2016-06-30 $6.8B
2016-09-30 $6.9B
2016-12-31 $7.2B
2017-03-31 $7.8B
2017-06-30 $8B
2017-09-30 $8.2B
2017-12-31 $8.5B
2018-03-31 $8.3B
2018-06-30 $8.2B
2018-09-30 $8.6B
2018-12-31 $7.4B
2019-03-31 $8.5B
2019-06-30 $8.7B
2019-09-30 $8.9B
2019-12-31 $9.3B
2020-03-31 $7.3B
2020-06-30 $8.5B
2020-09-30 $8.8B
2020-12-31 $9.5B
2021-03-31 $10.2B
2021-06-30 $10.2B
2021-09-30 $9.8B
2021-12-31 $14.7B
2022-03-31 $10.7B
2022-09-30 $8.8T
2022-12-31 $9.6T
2023-03-31 $9.7B
2023-06-30 $10.4B
2023-09-30 $10.1B
2025-03-31 $13.5B
2025-06-30 $14.5B
2025-09-30 $15.4B
2025-12-31 $16.8B
2026-03-31 $13.5B
2026-06-30 $16.7B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation6.19%$1.0bn5.18M+8.2% Added
AAPLApple Inc.5.61%$939.0m3.25M+236.7% Added
MSFTMicrosoft Corporation3.40%$568.3m1.52M+2.3% Added
GOOGLAlphabet Inc. (Class A)2.40%$401.1m1.12M+3.6% Added
AMZNAmazon2.36%$395.6m1.66M+397.6% Added
MUMicron Technology1.85%$310.0m268.6K+3.3% Added
AVGOBroadcom1.83%$306.7m811.9K+3.3% Added
METAMeta Platforms1.41%$235.2m417.5K+2.5% Added
JNJJohnson & Johnson1.24%$207.9m818.5K−21.4% Reduced
VVisa Inc.1.05%$176.0m512.9K+13.5% Added
LRCXLam Research1.02%$170.2m392.9K−4.0% Reduced
AMDAdvanced Micro Devices0.99%$165.1m284.3K+379.1% Added
TSLATesla, Inc.0.97%$161.8m384.7K+14.8% Added
LLYLilly (Eli)0.87%$145.4m121.2K+3.6% Added
VZVerizon0.79%$132.9m3.14M+84.4% Added
GILDGilead Sciences0.78%$130.4m1.03M0.0%
CSCOCisco0.77%$128.8m1.10M+9.8% Added
JPMJPMorgan Chase0.76%$127.8m390.5K−0.2%
AMATApplied Materials0.75%$125.0m172.9K+616.9% Added
KLACKLA Corporation0.74%$124.0m411.1K+710.0% Added
STXSeagate Technology0.70%$117.9m122.2K−17.9% Reduced
CLColgate-Palmolive0.66%$111.1m1.21M−4.5% Reduced
PGRProgressive Corporation0.64%$106.8m489.0K+0.1%
INTCIntel0.62%$103.7m742.7K+73.8% Added
YUMYum! Brands0.59%$99.6m623.2K+35.2% Added
BMYBristol Myers Squibb0.59%$99.2m1.72M−19.9% Reduced
PMPhilip Morris International0.53%$89.3m493.6K0.0%
DUKDuke Energy0.53%$88.7m700.4K−1.8% Reduced
MOAltria0.53%$88.4m1.23M−24.0% Reduced
MNSTMonster Beverage0.52%$87.7m912.9K+31.1% Added
ANETArista Networks0.52%$86.4m508.6K+43.4% Added
SPGSimon Property Group0.50%$83.9m375.2K−19.5% Reduced
SNASnap-on0.49%$82.3m204.6K−1.7% Reduced
MSMorgan Stanley0.49%$82.0m392.2K−3.0% Reduced
GEGE Aerospace0.48%$80.9m216.6K−0.1%
MRKMerck & Co.0.47%$79.6m619.1K−13.8% Reduced
WMTWalmart0.47%$79.3m700.3K−13.8% Reduced
APHAmphenol0.47%$78.9m447.6K+9.3% Added
CBOECboe Global Markets0.47%$78.9m325.0K−17.0% Reduced
PLTRPalantir Technologies Inc.0.47%$77.8m666.8K+38.8% Added
PEPPepsiCo0.44%$73.4m541.8K0.0%
IBMIBM0.44%$73.3m260.8K+47.3% Added
PSAPublic Storage0.43%$72.5m227.9K−6.0% Reduced
HCAHCA Healthcare0.43%$72.4m185.8K+8.2% Added
BKNGBooking Holdings0.43%$71.6m401.6K+3557.1% Added
BNYBNY Mellon0.42%$71.0m490.8K−1.9% Reduced
SYYSysco0.42%$70.1m838.4K−0.5% Reduced
MCDMcDonald's0.42%$69.9m258.8K−2.5% Reduced
SNDKSandisk0.42%$69.9m30.8K+37.3% Added
VRSNVerisign Inc0.40%$67.7m269.0K−16.9% Reduced
CCitigroup0.40%$67.5m482.3K+1.3% Added
ABBVAbbVie0.40%$67.3m267.5K−7.8% Reduced
FIXComfort Systems USA0.40%$67.1m33.9K+4074.6% Added
FTNTFortinet0.40%$67.0m436.0K0.0%
GEVGE Vernova0.40%$66.2m56.4K+17.0% Added
CVXChevron Corporation0.38%$64.3m387.6K−4.3% Reduced
UNHUnitedHealth Group0.38%$64.2m154.5K+44.6% Added
TAT&T0.38%$64.0m3.09M0.0%
EMEEmcor0.38%$63.6m76.6K+4.3% Added
WELLWelltower0.38%$63.1m278.0K−32.8% Reduced
INCYIncyte0.37%$61.8m545.4K+17.1% Added
EWEdwards Lifesciences0.37%$61.4m679.2K0.0%
MCKMcKesson0.36%$59.6m78.9K0.0%
COSTCostco0.35%$58.8m62.9K−16.4% Reduced
ALLAllstate0.35%$58.0m243.6K+141.9% Added
NOCNorthrop Grumman0.34%$57.0m112.0K0.0%
IRMIron Mountain0.33%$55.8m441.8K+0.4%
APPApplovin Corp0.33%$55.7m108.1K+9.7% Added
LMTLockheed Martin0.33%$55.7m109.3K−0.3%
FASTFastenal0.33%$54.8m1.14M+45.4% Added
HWMHowmet Aerospace0.33%$54.5m202.8K+9.6% Added
ADBEAdobe Inc.0.33%$54.4m265.5K+213.3% Added
EDConsolidated Edison0.32%$53.5m483.6K−3.4% Reduced
TRVThe Travelers Companies0.32%$53.1m160.7K−0.8% Reduced
PNCPNC Financial Services0.32%$52.9m214.8K−3.0% Reduced
PLDPrologis0.31%$52.5m387.6K−35.1% Reduced
ILMNIllumina, Inc.0.31%$52.0m295.7K−6.6% Reduced
MAMastercard0.31%$51.9m101.1K0.0%
STTState Street Corporation0.31%$51.4m302.9K−16.3% Reduced
DGDollar General0.30%$50.9m442.1K−15.2% Reduced
BACBank of America0.30%$50.2m880.6K+27.1% Added
GDGeneral Dynamics0.30%$50.0m141.3K−3.0% Reduced
KIMKimco Realty0.30%$49.8m1.96M−3.5% Reduced
MASMasco0.30%$49.8m611.6K+168.0% Added
TJXTJX Companies0.30%$49.7m327.9K−7.9% Reduced
DECKDeckers Brands0.29%$49.3m496.8K+42.8% Added
IDXXIdexx Laboratories0.29%$48.5m92.2K+28.4% Added
CRMSalesforce0.29%$48.1m307.1K0.0%
INTUIntuit0.29%$48.1m184.1K+7.8% Added
CATCaterpillar Inc.0.28%$47.5m44.6K−0.3%
PFGPrincipal Financial Group0.28%$47.2m438.1K+6.4% Added
VRTXVertex Pharmaceuticals0.28%$46.7m94.1K0.0%
TROWT. Rowe Price0.28%$46.5m409.1K−25.3% Reduced
EQIXEquinix0.28%$46.3m44.4K−30.2% Reduced
RDNRadian Group Inc0.27%$45.6m1.21M−26.3% Reduced
VICIVici Properties0.27%$45.5m1.71M−19.2% Reduced
TMUST-Mobile US0.27%$45.2m269.5K0.0%
FDXFedEx0.27%$44.9m143.6K+0.4%
CFCF Industries0.27%$44.6m412.1K−29.3% Reduced
NTRSNorthern Trust0.27%$44.6m256.5K−0.1%
NEMNewmont0.26%$44.1m472.2K−8.6% Reduced
TPRTapestry, Inc.0.26%$43.9m300.1K+16.3% Added
AEPAmerican Electric Power0.26%$43.0m314.5K+304.8% Added
USBU.S. Bancorp0.26%$43.0m711.4K+342.4% Added
WDCWestern Digital0.26%$42.6m66.7K+48.0% Added
ODFLOld Dominion0.25%$42.4m195.8K+42.6% Added
MSCIMSCI0.25%$42.2m75.4K−3.0% Reduced
ACNAccenture0.25%$41.8m335.7K0.0%
GLPIGaming & Leisure Properties, Inc.0.25%$41.8m937.7K−5.8% Reduced
WPCW. P. Carey Inc.0.25%$41.6m581.4K+11.0% Added
CNCCentene Corporation0.25%$41.5m646.7K−1.7% Reduced
NBIXNeurocrine Biosciences Inc0.25%$41.4m245.9K+40.5% Added
GSGoldman Sachs0.24%$39.8m39.4K−10.6% Reduced
FICOFair Isaac0.24%$39.5m33.0K+88.9% Added
VOYAVoya Financial, Inc.0.23%$38.8m428.1K−14.5% Reduced
EXPDExpeditors International0.23%$38.4m235.5K−13.4% Reduced
PGProcter & Gamble0.23%$37.8m257.9K−44.1% Reduced
NFLXNetflix0.23%$37.7m528.6K+9.5% Added
AZOAutoZone0.22%$37.5m11.7K0.0%
CMECME Group0.22%$36.7m166.4K0.0%
DHID. R. Horton0.22%$36.4m223.7K−5.7% Reduced
DXCMDexcom0.22%$36.3m538.8K+298.5% Added
TXTTextron0.21%$36.0m392.0K0.0%
TWLOTwilio Inc0.21%$35.0m169.6K+16.3% Added
KMBKimberly-Clark0.21%$34.9m317.7K−32.4% Reduced
EOGEOG Resources0.21%$34.5m265.9K+22.4% Added
EBAYeBay Inc.0.20%$34.2m306.4K−8.4% Reduced
ORCLOracle Corporation0.20%$34.1m232.5K+379.4% Added
DVNDevon Energy0.20%$33.5m810.9K−9.4% Reduced
EIXEdison International0.20%$33.3m447.6K−1.7% Reduced
CTSHCognizant0.20%$33.1m855.1K−3.5% Reduced
ULTAUlta Beauty0.20%$33.0m73.2K+5.1% Added
SOSouthern Company0.20%$32.9m343.6K+30.9% Added
ELVElevance Health0.20%$32.8m84.8K+5.8% Added
FISFidelity National Information Services0.20%$32.6m838.4K+13.1% Added
TGTTarget Corporation0.19%$31.2m239.1K+197.4% Added
ESSEssex Property Trust0.19%$31.2m107.0K−18.2% Reduced
MTGMgic Investment Corp0.18%$29.9m1.06M+1.4% Added
AMGNAmgen0.17%$29.3m81.0KNew
DALDelta Air Lines0.17%$28.8m307.8K0.0%
CDNSCadence Design Systems Inc0.17%$28.5m75.8K+138.7% Added
NOWServiceNow0.17%$28.3m284.8K+81.2% Added
APTVAptiv0.16%$27.4m445.8K−31.3% Reduced
MANHManhattan Associates Inc0.16%$27.3m196.3K+4.3% Added
RFRegions Financial Corporation0.16%$26.0m862.4K−13.7% Reduced
CHKPCheck Point Software Technologies LTD0.15%$25.8m195.9K0.0%
NFGNational Fuel GAS Co0.15%$25.5m330.1K+2.5% Added
GDDYGodaddy Inc.0.15%$24.9m293.7K−22.9% Reduced
ADMArcher Daniels Midland0.15%$24.9m326.1KNew
RSReliance, Inc.0.15%$24.9m66.6K0.0%
CompanyBought (value)Shares
AAPLApple Inc.$660.1m2.28M
AMZNAmazon$316.1m1.33M
AMDAdvanced Micro Devices$130.7m225.0K
KLACKLA Corporation$108.7m360.3K
AMATApplied Materials$107.5m148.8K
NVDANVIDIA Corporation$78.9m394.3K
BKNGBooking Holdings$69.6m390.6K
FIXComfort Systems USA$65.5m33.0K
VZVerizon$60.8m1.44M
INTCIntel$44.0m315.4K
ADBEAdobe Inc.$37.1m180.8K
ALLAllstate$34.0m142.9K
USBU.S. Bancorp$33.3m550.5K
AEPAmerican Electric Power$32.4m236.8K
MASMasco$31.2m383.4K

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

CompanySold (value)Shares
JNJJohnson & Johnson−$56.7m−223.4K
QCOMQualcomm−$52.5m−284.1K
CLXClorox−$50.8m−532.3K
KRKroger−$47.6m−857.3K
ABTAbbott Laboratories−$41.3m−402.7K
WELLWelltower−$30.7m−135.4K
URIUnited Rentals−$30.0m−26.5K
PGProcter & Gamble−$29.9m−203.8K
PLDPrologis−$28.4m−209.6K
MOAltria−$27.9m−388.3K
WSMWilliams-Sonoma, Inc.−$26.6m−114.2K
ALSNAllison Transmission Holdings Inc−$26.0m−230.2K
STXSeagate Technology−$25.8m−26.7K
PHMPulteGroup−$25.4m−185.1K
BMYBristol Myers Squibb−$24.7m−429.1K

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

CompanyValue last quarterShares
ABTAbbott Laboratories$41.3m402.7K
GISGeneral Mills$20.7m556.1K
ETNEaton Corporation$17.6m49.3K
RMDResMed|$16.7m74.4K
HIGThe Hartford$7.8m57.7K
FTITechnipFMC plc$6.7m97.5K
PNFPPinnacle Financial Partners, Inc.$4.7m54.8K
UALUnited Airlines Holdings$4.2m46.0K
LOWLowe's$3.2m13.7K
XPOXPO, Inc.$2.9m15.1K
PDMPiedmont Realty Trust, Inc.$2.5m386.7K
TALOTalos Energy Inc.$2.4m152.3K
MTZMastec Inc$2.3m7.1K
SPOTSpotify Technology S.a.$2.1m4.4K
MDUMDU Resources Group Inc$2.1m100.8K
LBTYKLiberty Global Ltd.$1.4m119.5K
WECWEC Energy Group$1.4m11.7K
MATXMatson, Inc.$1.3m8.1K
PRLBProto Labs Inc$1.3m23.0K
GTYGetty Realty Corp$1.2m37.3K
BTUPeabody Energy Corp$1.1m32.7K
RAMPLiveramp Holdings, Inc.$1.0m39.0K
MIAXMiami International Holdings, Inc.$953,54024.5K
PCORProcore Technologies, Inc.$946,37116.6K
IDTIDT Corp$932,90019.0K
GIIIG III Apparel Group LTD$920,05633.2K
TRSTrimas Corp$860,83524.0K
MYGNMyriad Genetics Inc$854,100189.8K
CMPRCimpress plc$847,67611.6K
UEUrban Edge Properties$833,56641.7K
  • Technology36.2%
  • Financials12.2%
  • Health Care10.7%
  • Industrials9.1%
  • Consumer Discretionary8.9%
  • Communication Services6.1%
  • Consumer Staples5.9%
  • Real Estate5.7%
  • Utilities2.5%
  • Energy1.4%
  • Materials1.2%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 9, 2013 to November 2, 2026+13.5%+13.9%0.750.77−33.2%0.99
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.0%+13.9%0.610.66−33.2%0.99
Last three yearsNovember 3, 2023 to November 2, 2026+20.5%+21.8%1.141.16−15.4%0.92
Last yearNovember 7, 2025 to November 2, 2026+15.7%+14.2%1.030.84−7.8%0.88

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.