Kentucky Retirement Systems
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Kentucky Retirement Systems reported 504 stock positions worth $3.3 billion. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Nvidia (NVDA, 5.3%). Compared with Q4 2024, it opened 69 new positions, sold out of 63, added to 63 and reduced 372. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Nvidia (NVDA, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFORT, KY
- CIK
- 0001537783
- Portfolio Value
- $3.3B (Q1 2025)
- SEC Filing
- 0001537783-25-000003 ↗ filed Apr 22, 2025
Holdings Value
Holdings 504 stocks · $3.3B
| AAPL Apple Inc. | 6.82% | 1,006,398 | $223.6M | Reduce -3.7% |
| MSFT Microsoft Corp. | 5.81% | 507,971 | $190.7M | Reduce -0.6% |
| NVDA Nvidia Corp. | 5.28% | 1,598,431 | $173.2M | Reduce -5.5% |
| AMZN Amazon.com Inc. | 3.72% | 641,110 | $122.0M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 2.63% | 149,659 | $86.3M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.03% | 125,022 | $66.6M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.89% | 401,482 | $62.1M | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.60% | 314,144 | $52.6M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 1.58% | 331,452 | $51.8M | Add +0.4% |
| TSLA Tesla Inc. | 1.50% | 189,833 | $49.2M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.44% | 191,893 | $47.1M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 1.38% | 54,681 | $45.2M | Add +0.9% |
| V Visa Inc. Class A | 1.26% | 117,830 | $41.3M | Add +2.6% |
| XOM Exxon Mobil Corp. | 1.09% | 300,329 | $35.7M | Reduce -1.6% |
| UNH Unitedhealth Group Inc. | 1.00% | 62,814 | $32.9M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.93% | 55,697 | $30.5M | Reduce -1.8% |
| COST Costco Wholesale Corp. | 0.87% | 30,281 | $28.6M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.84% | 161,166 | $27.5M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.83% | 164,765 | $27.3M | Reduce -0.4% |
| NFLX Netflix Inc. | 0.83% | 29,225 | $27.3M | Reduce -0.9% |
| WMT Walmart Inc. | 0.79% | 296,446 | $26.0M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.77% | 121,011 | $25.4M | Reduce -0.3% |
| HD Home Depot Inc. | 0.76% | 67,749 | $24.8M | Reduce -0.6% |
| KO The Coca-Cola Co. | 0.58% | 265,151 | $19.0M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 454,809 | $19.0M | Reduce -2.0% |
| CVX Chevron Corp. | 0.57% | 111,798 | $18.7M | Reduce -4.3% |
| CRM Salesforce Inc. | 0.52% | 63,119 | $16.9M | Reduce -5.2% |
| PM Philip Morris International | 0.51% | 106,177 | $16.9M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.51% | 272,618 | $16.8M | Reduce -1.5% |
| WFC Wells Fargo & Co. | 0.49% | 224,788 | $16.1M | Reduce -3.9% |
| ABT Abbott Laboratories | 0.48% | 118,139 | $15.7M | Reduce -1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 62,658 | $15.6M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.47% | 173,194 | $15.5M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.47% | 49,214 | $15.4M | Reduce -0.2% |
| LIN Linde PLC | 0.47% | 32,816 | $15.3M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.47% | 109,173 | $15.3M | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.45% | 73,513 | $14.7M | Reduce -1.3% |
| PEP Pepsico Inc. | 0.43% | 93,902 | $14.1M | Reduce -0.5% |
| T AT&T Inc. | 0.42% | 490,315 | $13.9M | Reduce -0.5% |
| ACN Accenture PLC Class A | 0.41% | 42,857 | $13.4M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.40% | 287,826 | $13.1M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 26,083 | $13.0M | Reduce -0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 124,029 | $12.2M | Reduce -0.5% |
| RTX RTX Corp. | 0.37% | 90,819 | $12.0M | Reduce -0.7% |
| ISRG Intuitive Surgical Inc. | 0.36% | 24,129 | $12.0M | Reduce -1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 140,604 | $11.9M | Add +1.6% |
| QCOM Qualcomm Inc. | 0.36% | 76,273 | $11.7M | Reduce -0.4% |
| INTU Intuit Inc. | 0.35% | 18,650 | $11.5M | Reduce -2.9% |
| AMGN Amgen Inc. | 0.35% | 36,628 | $11.4M | Reduce -0.8% |
| ADBE Adobe Inc. | 0.35% | 29,729 | $11.4M | Reduce -2.4% |
| PGR Progressive Corp. | 0.34% | 39,925 | $11.3M | Reduce -0.8% |
| AMD Advanced Micro Devices | 0.34% | 109,950 | $11.3M | Reduce -1.1% |
| GS Goldman Sachs Group Inc. | 0.34% | 20,604 | $11.3M | Reduce -5.1% |
| TXN Texas Instruments Inc. | 0.34% | 62,168 | $11.2M | Reduce -0.9% |
| NOW ServiceNow Inc. | 0.34% | 14,024 | $11.2M | Reduce -0.9% |
| CAT Caterpillar Inc. | 0.33% | 32,969 | $10.9M | Reduce -1.1% |
| SPGI S&P Global Inc. | 0.33% | 21,374 | $10.9M | Reduce -2.9% |
| BKNG Booking Holdings Inc. | 0.32% | 2,261 | $10.4M | Reduce -1.9% |
| AXP American Express Co. | 0.31% | 37,844 | $10.2M | Reduce -1.9% |
| BSX Boston Scientific Corp. | 0.31% | 100,317 | $10.1M | Reduce -0.9% |
| UBER Uber Technologies Inc. | 0.31% | 138,822 | $10.1M | Reduce -3.9% |
| NEE Nextera Energy Inc. | 0.30% | 140,440 | $10.0M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.30% | 41,667 | $9.8M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.30% | 387,239 | $9.8M | Reduce -0.6% |
| GILD Gilead Sciences Inc. | 0.29% | 85,240 | $9.6M | Reduce -0.4% |
| BLK BlackRock Inc. | 0.29% | 10,083 | $9.5M | New |
| CMCSA Comcast Corp. Class A | 0.29% | 256,120 | $9.5M | Reduce -3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 77,392 | $9.4M | Reduce -0.3% |
| HON Honeywell International Inc. | 0.29% | 44,507 | $9.4M | Reduce -0.5% |
| COP Conocophillips | 0.28% | 88,384 | $9.3M | Reduce -1.4% |
| SYK Stryker Corp. | 0.28% | 24,715 | $9.2M | Add +4.9% |
| C Citigroup Inc. | 0.28% | 129,259 | $9.2M | Reduce -1.4% |
| MS Morgan Stanley | 0.28% | 78,328 | $9.1M | Reduce -8.5% |
| DHR Danaher Corp. | 0.28% | 44,087 | $9.0M | Reduce -0.2% |
| LOW Lowe's Cos Inc. | 0.27% | 38,591 | $9.0M | Reduce -1.4% |
| SCHW Schwab (charles) Corp. | 0.27% | 113,157 | $8.9M | Add +10.2% |
| BA The Boeing Co. | 0.27% | 51,094 | $8.7M | Add +1.8% |
| TMUS T-Mobile US Inc. | 0.26% | 32,170 | $8.6M | Reduce -4.5% |
| ADP Automatic Data Processing | 0.26% | 28,075 | $8.6M | Add +0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 17,659 | $8.6M | Reduce -0.4% |
| FISV Fiserv Inc. | 0.26% | 38,676 | $8.5M | Reduce -2.2% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 138,533 | $8.4M | Reduce -0.6% |
| CB Chubb Ltd. | 0.25% | 27,632 | $8.3M | Add +7.0% |
| MRSH Marsh & McLennan Cos | 0.25% | 33,673 | $8.2M | Reduce -0.4% |
| AMAT Applied Materials Inc. | 0.25% | 55,579 | $8.1M | Reduce -2.3% |
| DE Deere & Co. | 0.24% | 17,022 | $8.0M | Reduce -3.3% |
| MDT Medtronic PLC | 0.24% | 87,673 | $7.9M | Reduce -0.5% |
| SBUX Starbucks Corp. | 0.23% | 77,386 | $7.6M | Reduce -0.6% |
| PANW Palo Alto Networks Inc. | 0.23% | 44,187 | $7.5M | Reduce -0.7% |
| ETN Eaton Corp. PLC | 0.22% | 26,952 | $7.3M | Reduce -1.5% |
| PLD Prologis Inc. | 0.22% | 63,108 | $7.1M | Reduce -0.8% |
| MO Altria Group Inc. | 0.21% | 115,823 | $7.0M | Reduce -1.2% |
| AMT American Tower Corp. | 0.21% | 31,884 | $6.9M | Reduce -0.7% |
| ELV Elevance Health Inc. | 0.21% | 15,881 | $6.9M | Reduce -0.3% |
| BX Blackstone Inc. | 0.21% | 49,278 | $6.9M | Reduce -0.4% |
| SO The Southern Co. | 0.21% | 74,789 | $6.9M | Reduce -0.5% |
| ADI Analog Devices Inc. | 0.21% | 33,841 | $6.8M | Reduce -0.8% |
| INTC Intel Corp. | 0.20% | 296,043 | $6.7M | Add +1.0% |
| ICE Intercontinental Exchange Inc. | 0.20% | 38,804 | $6.7M | Reduce -1.6% |
| MU Micron Technology Inc. | 0.20% | 75,289 | $6.5M | Reduce -1.2% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -5.5% | 5.28% | −1.41 |
| AAPL Apple Inc. | Reduce -3.7% | 6.82% | −0.90 |
| TSLA Tesla Inc. | Reduce -0.4% | 1.50% | −0.77 |
| AVGO Broadcom Inc. | Reduce -1.8% | 1.60% | −0.58 |
| MSFT Microsoft Corp. | Reduce -0.6% | 5.81% | −0.53 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 3.72% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.89% | −0.35 |
| CRM Salesforce Inc. | Reduce -5.2% | 0.52% | −0.14 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.11 |
| NOW ServiceNow Inc. | Reduce -0.9% | 0.34% | −0.10 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.09 |
| ORCL Oracle Corp. | Reduce -0.6% | 0.47% | −0.07 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.06 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Reduce -2.4% | 0.35% | −0.05 |
| AMD Advanced Micro Devices | Reduce -1.1% | 0.34% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -1.5% | 0.22% | −0.04 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -0.4% | 0.21% | −0.04 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -2.5% | 0.14% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -0.8% | 0.16% | −0.04 |
| MS Morgan Stanley | Reduce -8.5% | 0.28% | −0.04 |
| ACN Accenture PLC Class A | Reduce -0.4% | 0.41% | −0.04 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.04 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.47% | −0.04 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.04 |
| SNA Snap-on Inc. | Sold out | 0.00% | −0.04 |
| DIS The Walt Disney Co. | Reduce -0.5% | 0.37% | −0.04 |
| PNR Pentair PLC | Sold out | 0.00% | −0.03 |
| NI Nisource Inc. | Sold out | 0.00% | −0.03 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.03 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.03 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.03 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.03 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.03 |
| GEN Gen Digital Inc. | Sold out | 0.00% | −0.03 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.03 |
| TXT Textron Inc. | Sold out | 0.00% | −0.03 |
| NKE Nike Inc. Class B | Reduce -2.2% | 0.16% | −0.03 |
| DECK Deckers Outdoor Corp. | Reduce -1.2% | 0.04% | −0.03 |
| AXP American Express Co. | Reduce -1.9% | 0.31% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -2.3% | 0.25% | −0.03 |
| POOL Pool Corp. | Sold out | 0.00% | −0.03 |
| TGT Target Corp. | Reduce -0.6% | 0.10% | −0.03 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.03 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.03 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.03 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BLK BlackRock Inc. | New | 0.29% | +0.29 |
| LRCX Lam Research Corp. | New | 0.19% | +0.19 |
| V Visa Inc. Class A | Add +2.6% | 1.26% | +0.19 |
| SPOT Spotify Technology SA | New | 0.17% | +0.17 |
| ANET Arista Networks Inc. | New | 0.17% | +0.17 |
| APO Apollo Global Management Inc. | New | 0.15% | +0.15 |
| APP AppLovin Corp. Class A | New | 0.14% | +0.14 |
| LLY Eli Lilly & Co. | Add +0.9% | 1.38% | +0.14 |
| MSTR Strategy Inc. | New | 0.14% | +0.14 |
| DASH DoorDash Inc. Class A | New | 0.13% | +0.13 |
| CRH CRH PLC | New | 0.13% | +0.13 |
| MRVL Marvell Technology Inc. | New | 0.11% | +0.11 |
| LNG Cheniere Energy Inc. | New | 0.11% | +0.11 |
| WDAY Workday Inc. Class A | New | 0.10% | +0.10 |
| SNOW Snowflake Inc. | New | 0.10% | +0.10 |
| COIN Coinbase Global Inc. Class A | New | 0.07% | +0.07 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| TEAM Atlassian Corp. Class A | New | 0.07% | +0.07 |
| NET Cloudflare Inc. Class A | New | 0.07% | +0.07 |
| VEEV Veeva Systems Inc. Class A | New | 0.07% | +0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.07% | +0.07 |
| FERG Ferguson Enterprises Inc. | New | 0.07% | +0.07 |
| RBLX Roblox Corp. Class A | New | 0.06% | +0.06 |
| XYZ Block Inc. | New | 0.06% | +0.06 |
| DDOG Datadog Inc. Class A | New | 0.06% | +0.06 |
| HUBS HubSpot Inc. | New | 0.06% | +0.06 |
| ARES Ares Management Corp. Class A | New | 0.06% | +0.06 |
| VRT Vertiv Holdings Co. Class A | New | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +1.6% | 0.36% | +0.05 |
| CPNG Coupang Inc. | New | 0.05% | +0.05 |
| TTD Trade Desk Inc./the Class A | New | 0.05% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +11.5% | 0.18% | +0.05 |
| LPLA LPL Financial Holdings Inc. | New | 0.05% | +0.05 |
| MKL Markel Group Inc. | New | 0.05% | +0.05 |
| WELL Welltower Inc. | Add +5.8% | 0.20% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +10.2% | 0.27% | +0.05 |
| FCNCA First Citizens Bcshs Class A | New | 0.04% | +0.04 |
| CB Chubb Ltd. | Add +7.0% | 0.25% | +0.04 |
| WM Waste Management Inc. | Add +9.1% | 0.19% | +0.04 |
| ZM Zoom Communications Inc. | New | 0.04% | +0.04 |
| WSM Williams-Sonoma Inc. | New | 0.04% | +0.04 |
| FWONK Liberty Media Corp. Class C | New | 0.04% | +0.04 |
| ZS Zscaler Inc. | New | 0.04% | +0.04 |
| RBA RB Global Inc. | New | 0.04% | +0.04 |
| PINS Pinterest Inc. Class A | New | 0.04% | +0.04 |
| SSNC Ss&c Technologies Holdings | New | 0.04% | +0.04 |
| IBKR Interactive Brokers Gro Class A | New | 0.04% | +0.04 |
| TW Tradeweb Markets Inc. Class A | New | 0.04% | +0.04 |
| HEI.A Heico Corp. Class A | New | 0.04% | +0.04 |
| OKTA Okta Inc. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 505 | $4.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 499 | $1.4B | AAPL, XOM, GOOGLE LLC-CL A, MSFT, GE |
| Q4 2025 | 503 | $3.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 502 | $3.6B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 502 | $3.4B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 504 | $3.3B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 496 | $3.4B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 504 | $3.4B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 502 | $3.5B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 503 | $3.3B | MSFT, AAPL, NVDA, AMZN, META |