Q2 2026 13F · SEC CIK 1593051

Retirement Systems of Alabama

Pension fundFiled 2026-07-28 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $33.2B
Reported positions: 950
Top holdings a year, 3 yrs: +25.3%
Average holding period: 9.4 yrs

Retirement Systems of Alabama is a pension fund that reported 950 positions worth $33.2B in its Q2 2026 13F, filed 2026-07-28. Its largest holdings were Nvidia Corporation (NVDA, 5.3%), Apple Inc (AAPL, 4.5%), Microsoft Corp (MSFT, 2.9%). A portfolio copying its top holdings returned 25.3% a year over the last 3 years, against 20.4% for the S&P 500.

Retirement Systems of Alabama holdings largest 50 of 950 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Retirement Systems of Alabama 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	5.3%	5.1%	8,777,517	-0.8%	$1.8B
AAPLApple Inc	4.5%	4.4%	5,179,441	-0.3%	$1.5B
MSFTMicrosoft Corp	2.9%	3.2%	2,571,170	-0.6%	$959.1M
AMZNAmazon Com Inc	2.7%	2.8%	3,781,681	-5.1%	$901.3M
AVGOBroadcom Inc	2.4%	2.2%	2,096,422	-0.6%	$791.9M
GOOGLAlphabet Inc	2.2%	1.9%	2,076,373	+5.0%	$742.0M
IEMGIshares Inc	1.9%	1.8%	7,584,431	+0.0%	$628.3M
EEMIshares Tr	1.9%	1.7%	9,131,302	+0.0%	$624.7M
GOOGAlphabet Inc	1.8%	1.5%	1,647,584	+4.1%	$582.1M
DFAEDimensional ETF Trust	1.5%	1.4%	12,668,769	+0.0%	$509.4M
MUMicron Technology Inc	1.5%	0.5%	426,977	-3.2%	$492.9M
METAMeta Platforms Inc	1.3%	1.3%	777,021	+10.4%	$437.7M
BRK-BBerkshire Hathaway Inc Del	1.1%	1.2%	737,029	-0.6%	$368.8M
TSLATesla Inc	1.1%	1.0%	830,752	+3.1%	$349.4M
AMATApplied Matls Inc	1.0%	0.5%	465,079	-0.4%	$336.3M
JPMJpmorgan Chase & Co	0.9%	0.9%	865,976	-1.1%	$283.5M
JNJJohnson & Johnson	0.8%	1.0%	1,091,806	-10.0%	$277.3M
VVisa Inc	0.8%	0.7%	727,656	-1.1%	$249.7M
CSCOCisco Sys Inc	0.7%	0.7%	2,112,867	-23.0%	$248.2M
CATCaterpillar Inc	0.7%	0.6%	230,879	-0.9%	$245.9M
AMDAdvanced Micro Devices Inc	0.7%	—	413,666	—	$240.3M
BNDVanguard Bd Index Fds	0.7%	0.8%	3,226,351	+0.3%	$236.8M
LLYEli Lilly & Co	0.7%	0.5%	196,413	+16.7%	$235.6M
VOOVanguard Index Fds	0.7%	0.6%	329,590	+3.8%	$226.4M
KLACKla Corp	0.6%	—	679,931	—	$205.1M
ABBVAbbvie Inc	0.6%	0.6%	790,416	-0.5%	$198.9M
GEGe Aerospace	0.6%	0.5%	525,666	-0.7%	$196.5M
IBMInternational Business Machs	0.6%	0.5%	687,112	+2.7%	$193.2M
XOMExxon Mobil Corp	0.6%	0.8%	1,384,323	-1.2%	$189.3M
CVXChevron Corporation	0.6%	0.8%	1,141,026	-0.4%	$189.1M
BACBank of Amer Corp	0.6%	0.6%	3,245,743	-4.1%	$184.9M
MAMastercard Incorporated	0.6%	0.6%	359,125	-0.9%	$184.4M
COSTCostco Wholesale Corporation	0.5%	0.6%	193,386	-0.5%	$180.9M
INTCIntel Corp	0.5%	—	1,266,576	—	$176.9M
WMTWalmart Inc	0.5%	0.7%	1,417,342	-13.5%	$160.5M
HDHome Depot Inc	0.5%	0.5%	444,407	-0.5%	$156.7M
GSGoldman Sachs Group Inc	0.5%	0.5%	150,321	-11.1%	$152.0M
EQIXEquinix Inc	0.5%	0.5%	144,058	-0.1%	$150.2M
PLDPrologis Inc	0.4%	0.5%	1,090,167	-0.1%	$147.7M
KOCoca Cola Co	0.4%	0.5%	1,812,825	-0.5%	$147.3M
MSMorgan Stanley	0.4%	0.4%	687,485	-12.9%	$143.7M
PMPhilip Morris Intl Inc	0.4%	0.5%	788,229	-5.8%	$142.6M
CCitigroup Inc	0.4%	0.4%	995,597	-8.4%	$139.3M
WFCWells Fargo & Co	0.4%	0.4%	1,654,140	-0.8%	$136.7M
AMGNAmgen Inc	0.4%	0.4%	343,295	-0.3%	$124.3M
WELLWelltower Inc	0.4%	0.4%	537,415	+0.0%	$122.0M
QCOMQualcomm Inc	0.4%	—	643,028	—	$118.8M
AXPAmerican Express Co	0.4%	0.4%	349,492	-6.2%	$118.2M
NFLXNetflix Inc.	0.3%	0.4%	1,611,411	+20.9%	$115.1M
LRCXLam Research Corp	0.3%	—	262,717	—	$113.8M

What Retirement Systems of Alabama bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.2% /yr; S&P 500 +20.1%
3 years: +25.3% /yr; S&P 500 +20.4%
5 years: +14.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$33.2B	950
Q1 2026	$30.0B	947
Q4 2025	$30.8B	943
Q3 2025	$30.1B	945
Q2 2025	$27.9B	935
Q1 2025	$25.7B	945
Q4 2024	$26.9B	941
Q3 2024	$26.7B	944
Q2 2024	$25.9B	941
Q1 2024	$25.9B	941
Q4 2023	$23.6B	941
Q3 2023	$21.4B	926

Questions about Retirement Systems of Alabama's portfolio

What stocks does Retirement Systems of Alabama own?

Retirement Systems of Alabama's latest 13F, for Q2 2026 and filed Jul 28, 2026, lists 950 positions worth $33.2B. The largest are Nvidia Corporation (NVDA) at 5.3%, Apple Inc (AAPL) at 4.5%, Microsoft Corp (MSFT) at 2.9%, Amazon Com Inc (AMZN) at 2.7% and Broadcom Inc (AVGO) at 2.4%.

What did Retirement Systems of Alabama buy last quarter?

In Q2 2026, Retirement Systems of Alabama added Netflix Inc. (NFLX) (+20.9% shares), Eli Lilly & Co (LLY) (+16.7% shares) and Meta Platforms Inc (META) (+10.4% shares), compared with its Q1 2026 filing.

What did Retirement Systems of Alabama sell last quarter?

In Q2 2026, Retirement Systems of Alabama cut from its top 50 Salesforce Inc (CRM), cut from its top 50 Procter & Gamble Co (PG), cut from its top 50 Charles Schwab Corp (the) (SCHW), cut from its top 50 Verizon Communications Inc (VZ), cut from its top 50 Hewlett Packard Enterprise C (HPE), Cisco Sys Inc (CSCO) (-23.0% shares), Walmart Inc (WMT) (-13.5% shares) and Morgan Stanley (MS) (-12.9% shares), compared with its Q1 2026 filing.

How has Retirement Systems of Alabama's portfolio performed?

A portfolio copying Retirement Systems of Alabama's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.2% against +20.1%. Over 5 years: +14.7% a year against +11.6%.

When is Retirement Systems of Alabama's next 13F filing due?

13F filings are due 45 days after each quarter ends. Retirement Systems of Alabama's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.