Illinois Municipal Retirement Fund
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Illinois Municipal Retirement Fund reported 1,237 stock positions worth $7.3 billion. Its top holding was Microsoft (MSFT) at 3.5% of the portfolio, followed by Nvidia (NVDA, 3.3%) and Apple (AAPL, 2.9%). Compared with Q1 2025, it opened 64 new positions, sold out of 165, added to 549 and reduced 621. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Bristol-Myers Squibb (BMY, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- OAK BROOK, IL
- CIK
- 0001541910
- Portfolio Value
- $7.3B (Q2 2025)
- SEC Filing
- 0001541910-25-000007 ↗ filed Aug 7, 2025
Holdings Value
Holdings 1,237 stocks · $7.3B
| MSFT Microsoft Corp. | 3.46% | 510,388 | $253.9M | Reduce -0.6% |
| NVDA Nvidia Corp. | 3.31% | 1,540,594 | $243.4M | Add +1.8% |
| AAPL Apple Inc. | 2.94% | 1,052,402 | $215.9M | Add +0.2% |
| AMZN Amazon.com Inc. | 1.96% | 656,309 | $144.0M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 1.79% | 177,980 | $131.4M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 1.35% | 561,089 | $98.9M | Reduce -2.9% |
| AVGO Broadcom Inc. | 0.94% | 250,648 | $69.1M | Reduce -28.0% |
| WMT Walmart Inc. | 0.87% | 653,791 | $63.9M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 125,432 | $60.9M | Add +11.8% |
| GOOG Alphabet Inc. Class C | 0.79% | 326,606 | $57.9M | Add +1.3% |
| JPM JPMorgan Chase & Co. | 0.76% | 193,210 | $56.0M | Reduce -6.6% |
| JNJ Johnson & Johnson | 0.74% | 354,375 | $54.1M | Reduce -8.1% |
| V Visa Inc. Class A | 0.70% | 145,239 | $51.6M | Add +21.9% |
| PM Philip Morris International | 0.70% | 282,435 | $51.4M | Add +88.6% |
| COST Costco Wholesale Corp. | 0.67% | 49,840 | $49.3M | Add +10.1% |
| T AT&T Inc. | 0.62% | 1,571,388 | $45.5M | Add +1.9% |
| XOM Exxon Mobil Corp. | 0.61% | 412,535 | $44.5M | Add +15.8% |
| PG The Procter & Gamble Co. | 0.60% | 277,097 | $44.1M | Add +4.0% |
| MRK Merck & Co. Inc. | 0.59% | 544,377 | $43.1M | Add +22.9% |
| MO Altria Group Inc. | 0.57% | 712,415 | $41.8M | Add +85.0% |
| KR Kroger Co. | 0.55% | 562,713 | $40.4M | Add +0.2% |
| TSLA Tesla Inc. | 0.53% | 123,708 | $39.3M | Add +3.6% |
| LLY Eli Lilly & Co. | 0.53% | 49,914 | $38.9M | Reduce -20.9% |
| VZ Verizon Communications Inc. | 0.52% | 876,927 | $37.9M | Reduce -2.8% |
| GILD Gilead Sciences Inc. | 0.51% | 336,208 | $37.3M | Add +16.2% |
| CSCO Cisco Systems Inc. | 0.50% | 525,983 | $36.5M | Reduce -25.5% |
| NFLX Netflix Inc. | 0.49% | 26,969 | $36.1M | Add +44.7% |
| BKNG Booking Holdings Inc. | 0.49% | 6,211 | $36.0M | Add +26.6% |
| MA Mastercard Inc. Class A | 0.49% | 63,812 | $35.9M | Reduce -4.0% |
| QCOM Qualcomm Inc. | 0.47% | 214,496 | $34.2M | Add +14.8% |
| SPOT Spotify Technology SA | 0.45% | 42,638 | $32.7M | Reduce -33.3% |
| BMY Bristol-Myers Squibb Co. | 0.44% | 699,138 | $32.4M | Reduce -9.6% |
| CVX Chevron Corp. | 0.42% | 217,055 | $31.1M | Add +30.8% |
| ABBV Abbvie Inc. | 0.42% | 165,027 | $30.6M | Reduce -5.5% |
| ALL Allstate Corp. | 0.42% | 151,589 | $30.5M | Reduce -2.1% |
| ORLY O'reilly Automotive Inc. | 0.41% | 336,063 | $30.3M | Add +13.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 244,689 | $30.2M | Add +13.3% |
| HD Home Depot Inc. | 0.40% | 79,951 | $29.3M | Add +20.3% |
| TMUS T-Mobile US Inc. | 0.39% | 121,556 | $29.0M | Reduce -2.3% |
| ADSK Autodesk Inc. | 0.37% | 87,848 | $27.2M | Add +196.8% |
| EA Electronic Arts Inc. | 0.37% | 169,463 | $27.1M | Add +23.0% |
| SO The Southern Co. | 0.37% | 292,514 | $26.9M | Reduce -13.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.37% | 294,546 | $26.8M | Reduce -22.5% |
| DUK Duke Energy Corp. | 0.36% | 226,420 | $26.7M | Add +25.1% |
| CTSH Cognizant Tech Solutions-A | 0.36% | 339,002 | $26.5M | Add +12.0% |
| EBAY eBay Inc. | 0.36% | 351,045 | $26.1M | Add +29.0% |
| ABT Abbott Laboratories | 0.36% | 191,883 | $26.1M | Add +18.1% |
| RJF Raymond James Financial Inc. | 0.35% | 169,931 | $26.1M | Add +32.5% |
| WFC Wells Fargo & Co. | 0.35% | 324,733 | $26.0M | Reduce -22.4% |
| MNST Monster Beverage Corp. | 0.34% | 404,566 | $25.3M | Add +100.2% |
| EOG EOG Resources Inc. | 0.33% | 203,909 | $24.4M | Add +51.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 53,624 | $23.9M | Add +6.0% |
| HIG Hartford Insurance Group Inc. | 0.32% | 187,907 | $23.8M | Add +14.9% |
| LOW Lowe's Cos Inc. | 0.32% | 106,602 | $23.7M | Add +24.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 80,000 | $23.6M | Reduce -7.2% |
| ELV Elevance Health Inc. | 0.32% | 60,003 | $23.3M | Add +9.9% |
| PEP Pepsico Inc. | 0.32% | 175,695 | $23.2M | Reduce -9.2% |
| TRV The Travelers Cos Inc. | 0.31% | 85,440 | $22.9M | Add +18.1% |
| ADBE Adobe Inc. | 0.31% | 58,776 | $22.7M | Add +18.8% |
| ZM Zoom Communications Inc. | 0.31% | 291,579 | $22.7M | Add +29.4% |
| NKE Nike Inc. Class B | 0.30% | 314,940 | $22.4M | Add +103.4% |
| MKL Markel Group Inc. | 0.30% | 11,183 | $22.3M | Add +20.3% |
| CL Colgate-Palmolive Co. | 0.30% | 245,591 | $22.3M | Reduce -2.4% |
| SYF Synchrony Financial | 0.30% | 331,345 | $22.1M | Reduce -1.4% |
| KO The Coca-Cola Co. | 0.30% | 310,679 | $22.0M | Reduce -4.4% |
| VRSN Verisign Inc. | 0.29% | 74,911 | $21.6M | Reduce -1.6% |
| NTAP Netapp Inc. | 0.29% | 201,945 | $21.5M | Add +23.2% |
| AZO AutoZone Inc. | 0.29% | 5,725 | $21.3M | Add +61.7% |
| EXPE Expedia Group Inc. | 0.29% | 125,550 | $21.2M | Add +37.6% |
| CRM Salesforce Inc. | 0.29% | 77,525 | $21.1M | Add +51.2% |
| PGR Progressive Corp. | 0.29% | 78,945 | $21.1M | Add +214.8% |
| COP Conocophillips | 0.28% | 232,054 | $20.8M | Add +10.1% |
| CME Cme Group Inc. | 0.28% | 75,462 | $20.8M | Add +415.9% |
| APP AppLovin Corp. Class A | 0.28% | 59,101 | $20.7M | Add +27.7% |
| UBER Uber Technologies Inc. | 0.28% | 217,826 | $20.3M | Reduce -20.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.27% | 19,370 | $20.1M | Add +5.3% |
| FICO Fair Isaac Corp. | 0.27% | 10,923 | $20.0M | Reduce -15.6% |
| KMI Kinder Morgan Inc. | 0.27% | 676,637 | $19.9M | Reduce -6.7% |
| KDP Keurig Dr Pepper Inc. | 0.27% | 601,466 | $19.9M | Reduce -3.7% |
| BSX Boston Scientific Corp. | 0.27% | 183,623 | $19.7M | Reduce -15.4% |
| NTRS Northern Trust Corp. | 0.27% | 155,173 | $19.7M | Add +43.7% |
| ACN Accenture PLC Class A | 0.26% | 64,868 | $19.4M | Add +1.9% |
| FAST Fastenal Co. | 0.26% | 459,968 | $19.3M | Reduce -18.9% |
| KMB Kimberly-Clark Corp. | 0.26% | 149,060 | $19.2M | Add +13.6% |
| CMCSA Comcast Corp. Class A | 0.26% | 535,933 | $19.1M | Add +0.8% |
| PFE Pfizer Inc. | 0.26% | 783,053 | $19.0M | Add +54.0% |
| CBOE Cboe Global Markets Inc. | 0.26% | 81,269 | $19.0M | Add +25.6% |
| AFL Aflac Inc. | 0.26% | 179,610 | $18.9M | Reduce -11.0% |
| INTU Intuit Inc. | 0.25% | 23,671 | $18.6M | Add +7.0% |
| UNH Unitedhealth Group Inc. | 0.25% | 59,185 | $18.5M | Add +1.9% |
| AMAT Applied Materials Inc. | 0.25% | 99,665 | $18.2M | Reduce -37.7% |
| EVRG Evergy Inc. | 0.25% | 264,419 | $18.2M | Add +91.1% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 267,242 | $18.0M | Add +50.1% |
| COF Capital One Financial Corp. | 0.24% | 83,490 | $17.8M | Add +51.6% |
| GLW Corning Inc. | 0.24% | 333,165 | $17.5M | Reduce -9.7% |
| DASH DoorDash Inc. Class A | 0.24% | 71,037 | $17.5M | Reduce -44.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 367,644 | $17.4M | Reduce -6.5% |
| YUM Yum! Brands Inc. | 0.24% | 116,656 | $17.3M | Add +18.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.23% | 528,557 | $17.2M | Add +6.1% |
| DG Dollar General Corp. | 0.23% | 149,852 | $17.1M | Add +597.3% |
Portfolio Sells Q1 2025 → Q2 2025
| BMY Bristol-Myers Squibb Co. | Reduce -9.6% | 0.44% | −0.25 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -20.9% | 0.53% | −0.23 |
| JNJ Johnson & Johnson | Reduce -8.1% | 0.74% | −0.19 |
| VLO Valero Energy Corp. | Reduce -85.5% | 0.03% | −0.17 |
| KLAC KLA Corp. | Reduce -68.7% | 0.09% | −0.15 |
| PRU Prudential Financial Inc. | Reduce -84.4% | 0.02% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -25.5% | 0.50% | −0.14 |
| ANET Arista Networks Inc. | Reduce -70.5% | 0.08% | −0.14 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.14 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -58.4% | 0.12% | −0.13 |
| SJM The JM Smucker Co. | Reduce -92.0% | 0.01% | −0.13 |
| CI The Cigna Group | Reduce -55.4% | 0.09% | −0.13 |
| ED Consolidated Edison Inc. | Reduce -29.2% | 0.19% | −0.13 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -87.8% | 0.02% | −0.12 |
| CDW CDW Corp. | Reduce -82.0% | 0.03% | −0.12 |
| MPC Marathon Petroleum Corp. | Reduce -47.9% | 0.15% | −0.12 |
| ABBV Abbvie Inc. | Reduce -5.5% | 0.42% | −0.12 |
| MPWR Monolithic Power Systems Inc. | Reduce -86.8% | 0.02% | −0.11 |
| DOC Healthpeak Properties Inc. | Reduce -67.0% | 0.04% | −0.11 |
| PEP Pepsico Inc. | Reduce -9.2% | 0.32% | −0.11 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.10 |
| DASH DoorDash Inc. Class A | Reduce -44.2% | 0.24% | −0.10 |
| BNY Bank of New York Mellon Corp. | Reduce -22.5% | 0.37% | −0.10 |
| CMS CMS Energy Corp. | Reduce -44.8% | 0.09% | −0.10 |
| IP International Paper Co. | Reduce -30.2% | 0.13% | −0.09 |
| CVS CVS Health Corp. | Reduce -34.5% | 0.15% | −0.09 |
| TSCO Tractor Supply Company | Reduce -25.1% | 0.19% | −0.09 |
| OTIS Otis Worldwide Corp. | Reduce -24.3% | 0.19% | −0.09 |
| AMAT Applied Materials Inc. | Reduce -37.7% | 0.25% | −0.09 |
| C Citigroup Inc. | Reduce -50.5% | 0.11% | −0.09 |
| GE General Electric | Reduce -55.9% | 0.10% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -2.3% | 0.39% | −0.09 |
| SO The Southern Co. | Reduce -13.8% | 0.37% | −0.09 |
| KHC The Kraft Heinz Co. | Reduce -22.0% | 0.14% | −0.09 |
| ODFL Old Dominion Freight Line | Reduce -80.7% | 0.02% | −0.09 |
| TRGP Targa Resources Corp. | Reduce -52.2% | 0.06% | −0.09 |
| STX Seagate Technology Holdings | Reduce -94.1% | 0.01% | −0.09 |
| CTAS Cintas Corp. | Reduce -31.5% | 0.20% | −0.09 |
| CSL Carlisle Cos Inc. | Reduce -75.4% | 0.03% | −0.08 |
| SNPS Synopsys Inc. | Reduce -36.2% | 0.21% | −0.08 |
| WFC Wells Fargo & Co. | Reduce -22.4% | 0.35% | −0.08 |
| CDNS Cadence Design SYS Inc. | Reduce -46.2% | 0.13% | −0.08 |
| NVR NVR Inc. | Reduce -23.1% | 0.22% | −0.08 |
| MMM 3M Co. | Reduce -67.8% | 0.04% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -2.8% | 0.52% | −0.08 |
| GRMN Garmin Ltd. | Reduce -17.8% | 0.22% | −0.08 |
| EW Edwards Lifesciences Corp. | Reduce -70.1% | 0.03% | −0.08 |
| FICO Fair Isaac Corp. | Reduce -15.6% | 0.27% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1.8% | 3.31% | +0.93 |
| PM Philip Morris International | Add +88.6% | 0.70% | +0.35 |
| ADSK Autodesk Inc. | Add +196.8% | 0.37% | +0.26 |
| NFLX Netflix Inc. | Add +44.7% | 0.49% | +0.24 |
| MO Altria Group Inc. | Add +85.0% | 0.57% | +0.23 |
| CME Cme Group Inc. | Add +415.9% | 0.28% | +0.23 |
| DG Dollar General Corp. | Add +597.3% | 0.23% | +0.21 |
| PGR Progressive Corp. | Add +214.8% | 0.29% | +0.18 |
| CPNG Coupang Inc. | Add +1330.4% | 0.19% | +0.18 |
| MNST Monster Beverage Corp. | Add +100.2% | 0.34% | +0.17 |
| NKE Nike Inc. Class B | Add +103.4% | 0.30% | +0.16 |
| BKNG Booking Holdings Inc. | Add +26.6% | 0.49% | +0.16 |
| FERG Ferguson Enterprises Inc. | Add +568.8% | 0.18% | +0.16 |
| K Kellanova | Add +834.3% | 0.17% | +0.15 |
| CCL Carnival Corp. | Add +106.8% | 0.22% | +0.14 |
| ZS Zscaler Inc. | New | 0.14% | +0.14 |
| PPG PPG Industries Inc. | Add +555.6% | 0.16% | +0.14 |
| TWLO Twilio Inc. Class A | Add +155.9% | 0.20% | +0.14 |
| VRSK Verisk Analytics Inc. | Add +172.8% | 0.21% | +0.13 |
| FE Firstenergy Corp. | Add +719.3% | 0.14% | +0.13 |
| NTRS Northern Trust Corp. | Add +43.7% | 0.27% | +0.11 |
| EVRG Evergy Inc. | Add +91.1% | 0.25% | +0.11 |
| APP AppLovin Corp. Class A | Add +27.7% | 0.28% | +0.10 |
| WRB WR Berkley Corp. | Add +303.8% | 0.14% | +0.10 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.10% | +0.10 |
| EL Estee Lauder Companies Class A | Add +516.2% | 0.12% | +0.10 |
| COF Capital One Financial Corp. | Add +51.6% | 0.24% | +0.10 |
| RJF Raymond James Financial Inc. | Add +32.5% | 0.35% | +0.10 |
| CVNA Carvana Co. | Add +135.7% | 0.13% | +0.10 |
| V Visa Inc. Class A | Add +21.9% | 0.70% | +0.10 |
| AZO AutoZone Inc. | Add +61.7% | 0.29% | +0.09 |
| EBAY eBay Inc. | Add +29.0% | 0.36% | +0.09 |
| CRM Salesforce Inc. | Add +51.2% | 0.29% | +0.09 |
| TEL Te Connectivity PLC | Add +58.3% | 0.20% | +0.09 |
| TSLA Tesla Inc. | Add +3.6% | 0.53% | +0.08 |
| NTAP Netapp Inc. | Add +23.2% | 0.29% | +0.08 |
| EOG EOG Resources Inc. | Add +51.5% | 0.33% | +0.08 |
| LH Labcorp Holdings Inc. | Add +75.8% | 0.17% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +1.2% | 0.23% | +0.08 |
| EA Electronic Arts Inc. | Add +23.0% | 0.37% | +0.08 |
| MELI MercadoLibre Inc. | Add +25.8% | 0.21% | +0.08 |
| PFE Pfizer Inc. | Add +54.0% | 0.26% | +0.07 |
| SUI Sun Communities Inc. | Add +289.3% | 0.10% | +0.07 |
| DOCU Docusign Inc. | Add +86.7% | 0.17% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Add +50.1% | 0.25% | +0.07 |
| CNC Centene Corp. | Add +77.3% | 0.21% | +0.07 |
| FDS Factset Research Systems Inc. | Add +211.4% | 0.11% | +0.07 |
| ZM Zoom Communications Inc. | Add +29.4% | 0.31% | +0.07 |
| INCY Incyte Corp. | Add +36.1% | 0.22% | +0.07 |
| DLTR Dollar Tree Inc. | Add +29.0% | 0.18% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,120 | $8.9B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 1,127 | $7.9B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,151 | $8.0B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q3 2025 | 1,178 | $7.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q2 2025 | 1,237 | $7.3B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 1,337 | $6.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 1,332 | $7.1B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q3 2024 | 1,330 | $7.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,334 | $6.6B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024 | 1,352 | $6.5B | MSFT, AAPL, NVDA, AMZN, META |