Kentucky Retirement Systems

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 20, 2025), Kentucky Retirement Systems reported 502 stock positions worth $3.4 billion. Its top holding was Microsoft (MSFT) at 6.9% of the portfolio, followed by Nvidia (NVDA, 6.9%) and Apple (AAPL, 5.7%). Compared with Q1 2025, it sold out of 3, added to 4 and reduced 498. The biggest buy was JPMorgan Chase (JPM, shares +2%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F
Q2 2026
Location
FRANKFORT, KY
CIK
0001537783
Portfolio Value
$3.4B (Q2 2025)
SEC Filing
0001537783-25-000006 ↗ filed Aug 20, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.3B Q1 2024 Q2 2024: $3.5B Q2 2024 Q3 2024: $3.4B Q3 2024 Q4 2024: $3.4B Q4 2024 Q1 2025: $3.3B Q1 2025 Q2 2025: $3.4B $3.4B Q2 2025 Q3 2025: $3.6B Q3 2025 Q4 2025: $3.7B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $4.0B Q2 2026

Holdings 502 stocks · $3.4B
MSFT Microsoft Corp. 6.94% 476,729 $237.1M Reduce -6.2%
NVDA Nvidia Corp. 6.93% 1,500,125 $237.0M Reduce -6.2%
AAPL Apple Inc. 5.67% 944,502 $193.8M Reduce -6.2%
AMZN Amazon.com Inc. 3.86% 601,680 $132.0M Reduce -6.2%
META Meta Platforms Inc. Class A 3.03% 140,455 $103.7M Reduce -6.2%
AVGO Broadcom Inc. 2.38% 294,824 $81.3M Reduce -6.2%
GOOGL Alphabet Inc. Class A 1.94% 376,790 $66.4M Reduce -6.2%
BRK.B Berkshire Hathaway Inc. Class B 1.67% 117,333 $57.0M Reduce -6.2%
JPM JPMorgan Chase & Co. 1.66% 195,309 $56.6M Add +1.8%
TSLA Tesla Inc. 1.66% 178,158 $56.6M Reduce -6.2%
GOOG Alphabet Inc. Class C 1.61% 311,067 $55.2M Reduce -6.2%
LLY Eli Lilly & Co. 1.17% 51,318 $40.0M Reduce -6.2%
V Visa Inc. Class A 1.15% 110,584 $39.3M Reduce -6.2%
NFLX Netflix Inc. 1.07% 27,428 $36.7M Reduce -6.2%
XOM Exxon Mobil Corp. 0.89% 281,858 $30.4M Reduce -6.2%
MA Mastercard Inc. Class A 0.86% 52,272 $29.4M Reduce -6.2%
COST Costco Wholesale Corp. 0.82% 28,418 $28.1M Reduce -6.2%
WMT Walmart Inc. 0.80% 278,214 $27.2M Reduce -6.2%
PG The Procter & Gamble Co. 0.70% 151,254 $24.1M Reduce -6.2%
JNJ Johnson & Johnson 0.69% 154,631 $23.6M Reduce -6.2%
HD Home Depot Inc. 0.68% 63,583 $23.3M Reduce -6.2%
ORCL Oracle Corp. 0.66% 102,459 $22.4M Reduce -6.2%
ABBV Abbvie Inc. 0.62% 113,568 $21.1M Reduce -6.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.59% 426,837 $20.2M Reduce -6.2%
UNH Unitedhealth Group Inc. 0.54% 58,951 $18.4M Reduce -6.2%
PM Philip Morris International 0.53% 99,647 $18.1M Reduce -6.2%
PLTR Palantir Technologies Inc. Class A 0.53% 131,957 $18.0M Reduce -6.2%
GE General Electric filed as GE AEROSPACE 0.52% 68,992 $17.8M Reduce -6.2%
CSCO Cisco Systems Inc. 0.52% 255,852 $17.8M Reduce -6.2%
KO The Coca-Cola Co. 0.52% 248,844 $17.6M Reduce -6.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.51% 58,804 $17.3M Reduce -6.2%
WFC Wells Fargo & Co. 0.49% 210,962 $16.9M Reduce -6.2%
CRM Salesforce Inc. 0.47% 59,237 $16.2M Reduce -6.2%
ABT Abbott Laboratories 0.44% 110,873 $15.1M Reduce -6.2%
CVX Chevron Corp. 0.44% 104,922 $15.0M Reduce -6.2%
AMD Advanced Micro Devices 0.43% 103,187 $14.6M Reduce -6.2%
LIN Linde PLC 0.42% 30,799 $14.5M Reduce -6.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.42% 116,400 $14.4M Reduce -6.2%
INTU Intuit Inc. 0.40% 17,503 $13.8M Reduce -6.2%
GS Goldman Sachs Group Inc. 0.40% 19,337 $13.7M Reduce -6.2%
NOW ServiceNow Inc. 0.40% 13,161 $13.5M Reduce -6.2%
MCD McDonald's Corp. 0.39% 46,187 $13.5M Reduce -6.2%
T AT&T Inc. 0.39% 460,159 $13.3M Reduce -6.2%
MRK Merck & Co. Inc. 0.38% 162,541 $12.9M Reduce -6.2%
RTX RTX Corp. 0.36% 85,233 $12.4M Reduce -6.2%
ISRG Intuitive Surgical Inc. 0.36% 22,645 $12.3M Reduce -6.2%
BKNG Booking Holdings Inc. 0.36% 2,121 $12.3M Reduce -6.2%
UBER Uber Technologies Inc. 0.36% 130,284 $12.2M Reduce -6.2%
TXN Texas Instruments Inc. 0.35% 58,344 $12.1M Reduce -6.2%
ACN Accenture PLC Class A 0.35% 40,221 $12.0M Reduce -6.2%
CAT Caterpillar Inc. 0.35% 30,942 $12.0M Reduce -6.2%
VZ Verizon Communications Inc. 0.34% 270,124 $11.7M Reduce -6.2%
PEP Pepsico Inc. 0.34% 88,127 $11.6M Reduce -6.2%
QCOM Qualcomm Inc. 0.33% 71,583 $11.4M Reduce -6.2%
AXP American Express Co. 0.33% 35,516 $11.3M Reduce -6.2%
ADBE Adobe Inc. 0.32% 27,901 $10.8M Reduce -6.2%
SPGI S&P Global Inc. 0.31% 20,059 $10.6M Reduce -6.2%
MS Morgan Stanley 0.30% 73,511 $10.4M Reduce -6.2%
C Citigroup Inc. 0.30% 121,309 $10.3M Reduce -6.2%
BSX Boston Scientific Corp. 0.30% 94,147 $10.1M Reduce -6.2%
BA The Boeing Co. 0.29% 47,952 $10.0M Reduce -6.2%
PGR Progressive Corp. 0.29% 37,469 $10.0M Reduce -6.2%
BLK BlackRock Inc. 0.29% 9,463 $9.9M Reduce -6.2%
TMO Thermo Fisher Scientific Inc. 0.29% 24,479 $9.9M Reduce -6.2%
HON Honeywell International Inc. 0.28% 41,770 $9.7M Reduce -6.2%
SCHW Schwab (charles) Corp. 0.28% 106,199 $9.7M Reduce -6.2%
AMGN Amgen Inc. 0.28% 34,375 $9.6M Reduce -6.2%
AMAT Applied Materials Inc. 0.28% 52,162 $9.5M Reduce -6.2%
GEV GE Vernova Inc. 0.27% 17,462 $9.2M Reduce -6.2%
SYK Stryker Corp. 0.27% 23,195 $9.2M Reduce -6.2%
NEE Nextera Energy Inc. 0.27% 131,803 $9.1M Reduce -6.2%
ETN Eaton Corp. PLC 0.26% 25,295 $9.0M Reduce -6.2%
UNP Union Pacific Corp. 0.26% 39,104 $9.0M Reduce -6.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 72,633 $9.0M Reduce -6.2%
GILD Gilead Sciences Inc. 0.26% 79,997 $8.9M Reduce -6.2%
PFE Pfizer Inc. 0.26% 363,424 $8.8M Reduce -6.2%
MU Micron Technology Inc. 0.25% 70,659 $8.7M Reduce -6.2%
COF Capital One Financial Corp. 0.25% 40,592 $8.6M Add +57.0%
CMCSA Comcast Corp. Class A 0.25% 240,368 $8.6M Reduce -6.2%
PANW Palo Alto Networks Inc. 0.25% 41,469 $8.5M Reduce -6.2%
DHR Danaher Corp. 0.24% 41,375 $8.2M Reduce -6.2%
ADP Automatic Data Processing 0.24% 26,349 $8.1M Reduce -6.2%
DE Deere & Co. 0.24% 15,975 $8.1M Reduce -6.2%
LOW Lowe's Cos Inc. 0.24% 36,218 $8.0M Reduce -6.2%
LRCX Lam Research Corp. 0.23% 82,392 $8.0M Reduce -6.2%
KLAC KLA Corp. 0.22% 8,521 $7.6M Reduce -6.2%
ADI Analog Devices Inc. 0.22% 31,760 $7.6M Reduce -6.2%
CB Chubb Ltd. 0.22% 25,932 $7.5M Reduce -6.2%
CRWD CrowdStrike Holdings Inc. Class A 0.22% 14,748 $7.5M Reduce -6.2%
APH Amphenol Corp. Class A 0.22% 75,702 $7.5M Reduce -6.2%
COP Conocophillips 0.22% 82,948 $7.4M Reduce -6.2%
VRTX Vertex Pharmaceuticals Inc. 0.22% 16,574 $7.4M Reduce -6.1%
SPOT Spotify Technology SA 0.21% 9,418 $7.2M Reduce -6.2%
TMUS T-Mobile US Inc. 0.21% 30,190 $7.2M Reduce -6.2%
MDT Medtronic PLC 0.21% 82,281 $7.2M Reduce -6.2%
BX Blackstone Inc. 0.20% 46,248 $6.9M Reduce -6.2%
MRSH Marsh & McLennan Cos 0.20% 31,602 $6.9M Reduce -6.2%
ANET Arista Networks Inc. 0.20% 66,036 $6.8M Reduce -6.2%
ICE Intercontinental Exchange Inc. 0.20% 36,417 $6.7M Reduce -6.2%
SBUX Starbucks Corp. 0.19% 72,626 $6.7M Reduce -6.2%

Show all 502 holdings

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -6.2% 5.67% −1.15
UNH Unitedhealth Group Inc. Reduce -6.2% 0.54% −0.46
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.2% 1.67% −0.36
LLY Eli Lilly & Co. Reduce -6.2% 1.17% −0.21
XOM Exxon Mobil Corp. Reduce -6.2% 0.89% −0.20
ABBV Abbvie Inc. Reduce -6.2% 0.62% −0.16
JNJ Johnson & Johnson Reduce -6.2% 0.69% −0.14
PG The Procter & Gamble Co. Reduce -6.2% 0.70% −0.13
CVX Chevron Corp. Reduce -6.2% 0.44% −0.13
V Visa Inc. Class A Reduce -6.2% 1.15% −0.11
TMO Thermo Fisher Scientific Inc. Reduce -6.2% 0.29% −0.11
MRK Merck & Co. Inc. Reduce -6.2% 0.38% −0.10
DFS Discover Financial Services Sold out 0.00% −0.09
PEP Pepsico Inc. Reduce -6.2% 0.34% −0.09
BMY Bristol-Myers Squibb Co. Reduce -6.2% 0.18% −0.08
FISV Fiserv Inc. Reduce -6.2% 0.18% −0.08
HD Home Depot Inc. Reduce -6.2% 0.68% −0.07
MCD McDonald's Corp. Reduce -6.2% 0.39% −0.07
MA Mastercard Inc. Class A Reduce -6.2% 0.86% −0.07
AMGN Amgen Inc. Reduce -6.2% 0.28% −0.07
COP Conocophillips Reduce -6.2% 0.22% −0.07
KO The Coca-Cola Co. Reduce -6.2% 0.52% −0.06
VZ Verizon Communications Inc. Reduce -6.2% 0.34% −0.06
ACN Accenture PLC Class A Reduce -6.2% 0.35% −0.06
PGR Progressive Corp. Reduce -6.2% 0.29% −0.05
TMUS T-Mobile US Inc. Reduce -6.2% 0.21% −0.05
COST Costco Wholesale Corp. Reduce -6.2% 0.82% −0.05
MRSH Marsh & McLennan Cos Reduce -6.2% 0.20% −0.05
VRTX Vertex Pharmaceuticals Inc. Reduce -6.1% 0.22% −0.05
BDX Becton Dickinson and Co. Reduce -6.2% 0.09% −0.04
CRM Salesforce Inc. Reduce -6.2% 0.47% −0.04
LIN Linde PLC Reduce -6.2% 0.42% −0.04
PFE Pfizer Inc. Reduce -6.2% 0.26% −0.04
ELV Elevance Health Inc. Reduce -6.2% 0.17% −0.04
LOW Lowe's Cos Inc. Reduce -6.2% 0.24% −0.04
CMCSA Comcast Corp. Class A Reduce -6.2% 0.25% −0.04
UNP Union Pacific Corp. Reduce -6.2% 0.26% −0.04
SBUX Starbucks Corp. Reduce -6.2% 0.19% −0.04
ABT Abbott Laboratories Reduce -6.2% 0.44% −0.04
DHR Danaher Corp. Reduce -6.2% 0.24% −0.04
NEE Nextera Energy Inc. Reduce -6.2% 0.27% −0.04
REGN Regeneron Pharmaceuticals Reduce -6.2% 0.10% −0.04
CB Chubb Ltd. Reduce -6.2% 0.22% −0.03
SLB SLB Ltd. Reduce -6.2% 0.09% −0.03
OKE Oneok Inc. Reduce -6.2% 0.09% −0.03
T AT&T Inc. Reduce -6.2% 0.39% −0.03
PLD Prologis Inc. Reduce -6.2% 0.18% −0.03
ADBE Adobe Inc. Reduce -6.2% 0.32% −0.03
AON Aon PLC Class A Reduce -6.2% 0.13% −0.03
GILD Gilead Sciences Inc. Reduce -6.2% 0.26% −0.03

Portfolio Buys Q1 2025 → Q2 2025
JPM JPMorgan Chase & Co. Add +1.8% 1.66% +0.22
COF Capital One Financial Corp. Add +57.0% 0.25% +0.11
RAL Ralliant Corp. Add +1.9% 0.01% −0.00
FTV Fortive Corp. Add +1.8% 0.04% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 505$4.0BNVDA, AAPL, MSFT, AMZN, GOOGL
Q1 2026 499$1.4BAAPL, XOM, GOOGLE LLC-CL A, MSFT, GE
Q4 2025 503$3.7BNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 502$3.6BNVDA, MSFT, AAPL, AMZN, META
Q2 2025 502$3.4BMSFT, NVDA, AAPL, AMZN, META
Q1 2025 504$3.3BAAPL, MSFT, NVDA, AMZN, META
Q4 2024 496$3.4BAAPL, NVDA, MSFT, AMZN, META
Q3 2024 504$3.4BAAPL, MSFT, NVDA, AMZN, META
Q2 2024 502$3.5BMSFT, NVDA, AAPL, AMZN, META
Q1 2024 503$3.3BMSFT, AAPL, NVDA, AMZN, META