# Retirement Systems of Alabama

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1593051. Source: https://holderbook.com/funds/1593051-retirement-systems-of-alabama/

- Reported value: $33.2B
- Positions: 950
- Weight of the ten largest: 27.1%
- Filed: 2026-07-28

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/) | $1.8B | 8,777,517 | 5.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.5B | 5,179,441 | 4.5% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $959.1M | 2,571,170 | 2.9% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $901.3M | 3,781,681 | 2.7% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $791.9M | 2,096,422 | 2.4% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $742.0M | 2,076,373 | 2.2% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $628.3M | 7,584,431 | 1.9% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $624.7M | 9,131,302 | 1.9% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $582.1M | 1,647,584 | 1.8% | 31 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $509.4M | 12,668,769 | 1.5% | 13 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $492.9M | 426,977 | 1.5% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $437.7M | 777,021 | 1.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $368.8M | 737,029 | 1.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $349.4M | 830,752 | 1.1% | 23 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $336.3M | 465,079 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $283.5M | 865,976 | 0.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $277.3M | 1,091,806 | 0.8% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $249.7M | 727,656 | 0.8% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $248.2M | 2,112,867 | 0.7% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $245.9M | 230,879 | 0.7% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $240.3M | 413,666 | 0.7% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $236.8M | 3,226,351 | 0.7% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $235.6M | 196,413 | 0.7% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $226.4M | 329,590 | 0.7% | 21 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $205.1M | 679,931 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $198.9M | 790,416 | 0.6% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $196.5M | 525,666 | 0.6% | 20 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $193.2M | 687,112 | 0.6% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $189.3M | 1,384,323 | 0.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $189.1M | 1,141,026 | 0.6% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $184.9M | 3,245,743 | 0.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $184.4M | 359,125 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $180.9M | 193,386 | 0.5% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $176.9M | 1,266,576 | 0.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $160.5M | 1,417,342 | 0.5% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $156.7M | 444,407 | 0.5% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $152.0M | 150,321 | 0.5% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $150.2M | 144,058 | 0.5% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $147.7M | 1,090,167 | 0.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $147.3M | 1,812,825 | 0.4% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $143.7M | 687,485 | 0.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $142.6M | 788,229 | 0.4% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $139.3M | 995,597 | 0.4% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $136.7M | 1,654,140 | 0.4% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $124.3M | 343,295 | 0.4% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $122.0M | 537,415 | 0.4% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $118.8M | 643,028 | 0.4% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $118.2M | 349,492 | 0.4% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $115.1M | 1,611,411 | 0.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $113.8M | 262,717 | 0.3% | 7 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $110.0M | 409,192 | 0.3% | 26 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $108.3M | 969,172 | 0.3% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $106.4M | 678,869 | 0.3% | 31 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $104.9M | 2,324,701 | 0.3% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $103.8M | 1,045,404 | 0.3% | 27 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $103.7M | 581,759 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $101.6M | 340,996 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $101.5M | 692,152 | 0.3% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $101.1M | 1,095,623 | 0.3% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $100.1M | 199,638 | 0.3% | 31 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $99.3M | 641,894 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $92.9M | 382,480 | 0.3% | 24 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $91.8M | 954,087 | 0.3% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $90.5M | 874,603 | 0.3% | 31 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $89.5M | 376,553 | 0.3% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $88.6M | 2,093,426 | 0.3% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $85.9M | 315,938 | 0.3% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $85.7M | 418,231 | 0.3% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $83.4M | 3,464,888 | 0.3% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $82.3M | 206,931 | 0.2% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $80.9M | 1,404,516 | 0.2% | 31 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $79.7M | 127,869 | 0.2% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $79.4M | 81,210 | 0.2% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $79.3M | 190,780 | 0.2% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $76.5M | 1,060,695 | 0.2% | 11 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $75.9M | 854,307 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $75.5M | 726,412 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $75.2M | 1,275,570 | 0.2% | 5 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $74.9M | 66,148 | 0.2% | 31 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $74.1M | 507,406 | 0.2% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $73.3M | 500,181 | 0.2% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $73.0M | 214,269 | 0.2% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $70.7M | 31,109 | 0.2% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $68.1M | 174,618 | 0.2% | 31 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $67.7M | 423,392 | 0.2% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $66.7M | 518,855 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $66.3M | 56,453 | 0.2% | 9 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $66.1M | 540,288 | 0.2% | 7 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $66.1M | 221,936 | 0.2% | 11 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $65.5M | 128,610 | 0.2% | 31 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $64.9M | 145,960 | 0.2% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $64.8M | 2,638,153 | 0.2% | 31 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $63.9M | 754,503 | 0.2% | 29 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $61.2M | 45,966 | 0.2% | 31 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $60.7M | 787,996 | 0.2% | 31 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $60.6M | 79,978 | 0.2% | 31 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $59.7M | 351,824 | 0.2% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $58.7M | 358,947 | 0.2% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $58.7M | 640,365 | 0.2% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $58.4M | 407,683 | 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 | +13.8% | +14.8% | -1.0% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.1% | 100% |
| Q1 2025 | -4.0% | -4.6% | +0.5% | 100% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 100% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | 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 |