# Utah Retirement Systems

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1548392. Source: https://holderbook.com/funds/1548392-utah-retirement-systems/

- Reported value: $10.5B
- Positions: 1,027
- Weight of the ten largest: 33.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $708.7M | 3,541,864 | 6.7% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $635.2M | 2,195,192 | 6.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $420.8M | 1,128,021 | 4.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $351.0M | 1,472,877 | 3.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $316.2M | 884,698 | 3.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $266.8M | 706,337 | 2.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $255.1M | 721,917 | 2.4% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $197.6M | 171,152 | 1.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $188.0M | 333,746 | 1.8% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $186.6M | 443,539 | 1.8% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $145.4M | 121,217 | 1.4% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $143.5M | 246,968 | 1.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $132.9M | 405,969 | 1.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $117.0M | 233,917 | 1.1% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $93.0M | 665,820 | 0.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $92.9M | 365,854 | 0.9% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $87.0M | 120,367 | 0.8% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $86.4M | 631,877 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $86.0M | 250,703 | 0.8% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $82.2M | 189,753 | 0.8% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $75.5M | 666,457 | 0.7% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $73.4M | 68,969 | 0.7% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $70.5M | 599,877 | 0.7% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $67.6M | 268,819 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $63.0M | 67,381 | 0.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $63.0M | 122,649 | 0.6% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $59.9M | 198,605 | 0.6% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $58.6M | 156,823 | 0.6% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $57.2M | 1,004,166 | 0.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $57.0M | 137,102 | 0.5% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $53.4M | 151,453 | 0.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $51.9M | 354,060 | 0.5% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $50.2M | 22,096 | 0.5% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $48.3M | 375,627 | 0.5% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $48.0M | 40,853 | 0.5% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $48.0M | 590,118 | 0.5% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $46.7M | 281,696 | 0.4% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $45.5M | 637,034 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $44.3M | 43,783 | 0.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $42.8M | 236,780 | 0.4% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $41.8M | 122,434 | 0.4% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $41.2M | 138,069 | 0.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $40.2M | 142,851 | 0.4% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $39.5M | 132,438 | 0.4% | 21 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $39.3M | 337,159 | 0.4% | 21 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $38.9M | 204,803 | 0.4% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $38.4M | 465,116 | 0.4% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $38.1M | 260,201 | 0.4% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $36.3M | 70,013 | 0.3% | 14 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $36.2M | 258,672 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $35.6M | 170,166 | 0.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $32.8M | 186,222 | 0.3% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $32.8M | 51,321 | 0.3% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $30.7M | 120,042 | 0.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $29.7M | 81,951 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $29.6M | 160,187 | 0.3% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $29.4M | 74,114 | 0.3% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $29.1M | 107,826 | 0.3% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $29.1M | 38,100 | 0.3% | 25 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $28.9M | 139,585 | 0.3% | 14 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $28.3M | 56,450 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $28.1M | 207,232 | 0.3% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $27.8M | 316,968 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $27.3M | 80,614 | 0.3% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $26.9M | 158,558 | 0.3% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $26.9M | 635,700 | 0.3% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $25.9M | 269,378 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $25.4M | 167,978 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $25.1M | 59,002 | 0.2% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $25.0M | 115,413 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $24.5M | 90,110 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $24.4M | 107,351 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $23.9M | 263,103 | 0.2% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $23.8M | 188,623 | 0.2% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $23.8M | 37,485 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $23.2M | 31 | 0.2% | 30 |
| GRANITE RIDGE RESOURCES INC | [GRNT](https://holderbook.com/stocks/GRNT/) | $23.1M | 5,243,683 | 0.2% | 12 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $22.9M | 248,161 | 0.2% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $22.3M | 23,184 | 0.2% | 7 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $21.5M | 22,330 | 0.2% | 21 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $21.5M | 297,451 | 0.2% | 29 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $21.3M | 1,028,595 | 0.2% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $21.3M | 53,522 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $21.0M | 117,542 | 0.2% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $20.8M | 864,528 | 0.2% | 31 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $20.3M | 166,849 | 0.2% | 14 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $20.2M | 194,866 | 0.2% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $19.9M | 46,137 | 0.2% | 10 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $19.5M | 58,249 | 0.2% | 23 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $19.4M | 88,693 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $19.2M | 185,164 | 0.2% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $19.2M | 38,602 | 0.2% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $19.2M | 141,509 | 0.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $19.0M | 94,655 | 0.2% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $18.9M | 120,686 | 0.2% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $18.8M | 36,438 | 0.2% | 18 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $18.8M | 85,125 | 0.2% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $18.7M | 19,166 | 0.2% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $18.3M | 44,886 | 0.2% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $18.3M | 95,946 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.7% | +14.8% | -0.2% | 100% |
| Q1 2026 | -4.5% | -4.6% | +0.1% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.2% | 100% |
| Q1 2025 | -4.5% | -4.6% | +0.1% | 100% |
| Q4 2024 | +2.1% | +2.1% | -0.0% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.5B | 1,027 |
| Q1 2026 | $9.8B | 974 |
| Q4 2025 | $10.5B | 983 |
| Q3 2025 | $10.3B | 987 |
| Q2 2025 | $9.6B | 992 |
| Q1 2025 | $8.7B | 960 |
| Q4 2024 | $9.1B | 977 |
| Q3 2024 | $8.9B | 986 |
| Q2 2024 | $8.4B | 973 |
| Q1 2024 | $8.6B | 972 |
| Q4 2023 | $7.9B | 986 |
| Q3 2023 | $7.0B | 972 |