Retirement Systems of Alabama
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Retirement Systems of Alabama reported 950 stock positions worth $33.2 billion. Its top holding was Nvidia (NVDA) at 5.3% of the portfolio, followed by Apple (AAPL, 4.5%) and Microsoft (MSFT, 2.9%). Compared with Q1 2026, it opened 14 new positions, sold out of 13, added to 74 and reduced 839. The biggest buy was Advanced Micro Devices (AMD, shares +19%) and the biggest sale Akamai Technologies (AKAM, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $33.2B (Q2 2026)
- SEC Filing
- 0001140361-26-029874 ↗ filed Jul 28, 2026
Holdings Value
Holdings 950 stocks · $33.2B
| NVDA Nvidia Corp. | 5.29% | 8,777,517 | $1.8B | Reduce -0.8% |
| AAPL Apple Inc. | 4.51% | 5,179,441 | $1.5B | Reduce -0.3% |
| MSFT Microsoft Corp. | 2.89% | 2,571,170 | $959.1M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 2.71% | 3,781,681 | $901.3M | Reduce -5.1% |
| AVGO Broadcom Inc. | 2.38% | 2,096,422 | $791.9M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 2.23% | 2,076,373 | $742.0M | Add +5.0% |
| IEMG iShares Core MSCI Emerging | 1.89% | 7,584,431 | $628.3M | No change |
| EEM iShares MSCI Emerging Market | 1.88% | 9,131,302 | $624.7M | No change |
| GOOG Alphabet Inc. Class C | 1.75% | 1,647,584 | $582.1M | Add +4.1% |
| DFAE Dimensional Emerging Core Eq | 1.53% | 12,668,769 | $509.4M | No change |
| MU Micron Technology Inc. | 1.48% | 426,977 | $492.9M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 1.32% | 777,021 | $437.7M | Add +10.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.11% | 737,029 | $368.8M | Reduce -0.6% |
| TSLA Tesla Inc. | 1.05% | 830,752 | $349.4M | Add +3.1% |
| AMAT Applied Materials Inc. | 1.01% | 465,079 | $336.3M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.85% | 865,976 | $283.5M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.83% | 1,091,806 | $277.3M | Reduce -10.0% |
| V Visa Inc. Class A | 0.75% | 727,656 | $249.7M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.75% | 2,112,867 | $248.2M | Reduce -23.0% |
| CAT Caterpillar Inc. | 0.74% | 230,879 | $245.9M | Reduce -0.9% |
| AMD Advanced Micro Devices | 0.72% | 413,666 | $240.3M | Add +19.5% |
| BND Vanguard Total Bond Market | 0.71% | 3,226,351 | $236.8M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.71% | 196,413 | $235.6M | Add +16.7% |
| VOO Vanguard S&P 500 ETF | 0.68% | 329,590 | $226.4M | Add +3.9% |
| KLAC KLA Corp. | 0.62% | 679,931 | $205.1M | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.60% | 790,416 | $198.9M | Reduce -0.5% |
| GE General Electric filed as GE AEROSPACE | 0.59% | 525,666 | $196.5M | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.58% | 687,112 | $193.2M | Add +2.7% |
| XOM Exxon Mobil Corp. | 0.57% | 1,384,323 | $189.3M | Reduce -1.2% |
| CVX Chevron Corp. | 0.57% | 1,141,026 | $189.1M | Reduce -0.4% |
| BAC Bank of America Corp. | 0.56% | 3,245,743 | $184.9M | Reduce -4.1% |
| MA Mastercard Inc. Class A | 0.56% | 359,125 | $184.4M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.54% | 193,386 | $180.9M | Reduce -0.5% |
| INTC Intel Corp. | 0.53% | 1,266,576 | $176.9M | Add +27.0% |
| WMT Walmart Inc. | 0.48% | 1,417,342 | $160.5M | Reduce -13.5% |
| HD Home Depot Inc. | 0.47% | 444,407 | $156.7M | Reduce -0.5% |
| GS Goldman Sachs Group Inc. | 0.46% | 150,321 | $152.0M | Reduce -11.1% |
| EQIX Equinix Inc. | 0.45% | 144,058 | $150.2M | Reduce -0.1% |
| PLD Prologis Inc. | 0.44% | 1,090,167 | $147.7M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.44% | 1,812,825 | $147.3M | Reduce -0.5% |
| MS Morgan Stanley | 0.43% | 687,485 | $143.7M | Reduce -12.9% |
| PM Philip Morris International | 0.43% | 788,229 | $142.6M | Reduce -5.8% |
| C Citigroup Inc. | 0.42% | 995,597 | $139.3M | Reduce -8.4% |
| WFC Wells Fargo & Co. | 0.41% | 1,654,140 | $136.7M | Reduce -0.8% |
| AMGN Amgen Inc. | 0.37% | 343,295 | $124.3M | Reduce -0.3% |
| WELL Welltower Inc. | 0.37% | 537,415 | $122.0M | Add +0.0% |
| QCOM Qualcomm Inc. | 0.36% | 643,028 | $118.8M | Reduce -0.8% |
| AXP American Express Co. | 0.36% | 349,492 | $118.2M | Reduce -6.2% |
| NFLX Netflix Inc. | 0.35% | 1,611,411 | $115.1M | Add +20.9% |
| LRCX Lam Research Corp. | 0.34% | 262,717 | $113.8M | Reduce -0.9% |
| HWM Howmet Aerospace Inc. | 0.33% | 409,192 | $110.0M | Reduce -0.3% |
| EBAY eBay Inc. | 0.33% | 969,172 | $108.3M | Reduce -0.3% |
| CRM Salesforce Inc. | 0.32% | 678,869 | $106.4M | Reduce -3.8% |
| HPE Hewlett Packard Enterprise | 0.32% | 2,324,701 | $104.9M | Reduce -45.7% |
| NOW ServiceNow Inc. | 0.31% | 1,045,404 | $103.8M | Add +370.6% |
| BKNG Booking Holdings Inc. | 0.31% | 581,759 | $103.7M | Reduce -1.4% |
| TXN Texas Instruments Inc. | 0.31% | 340,996 | $101.6M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.31% | 692,152 | $101.5M | Reduce -7.4% |
| SCHW Schwab (charles) Corp. | 0.30% | 1,095,623 | $101.1M | Reduce -3.2% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 199,638 | $100.1M | Reduce -0.8% |
| NTAP Netapp Inc. | 0.30% | 641,894 | $99.3M | Reduce -18.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 382,480 | $92.9M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 954,087 | $91.8M | Reduce -1.2% |
| CVS CVS Health Corp. | 0.27% | 874,603 | $90.5M | Reduce -0.2% |
| CAH Cardinal Health Inc. | 0.27% | 376,553 | $89.5M | Reduce -0.2% |
| VZ Verizon Communications Inc. | 0.27% | 2,093,426 | $88.6M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.26% | 315,938 | $85.9M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.26% | 418,231 | $85.7M | Add +16.3% |
| PFE Pfizer Inc. | 0.25% | 3,464,888 | $83.4M | Reduce -0.3% |
| ISRG Intuitive Surgical Inc. | 0.25% | 206,931 | $82.3M | Reduce -0.5% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 1,404,516 | $80.9M | Reduce -0.3% |
| REGN Regeneron Pharmaceuticals | 0.24% | 127,869 | $79.7M | Reduce -0.3% |
| PH Parker Hannifin Corp. | 0.24% | 81,210 | $79.4M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 0.24% | 190,780 | $79.3M | Reduce -0.8% |
| UBER Uber Technologies Inc. | 0.23% | 1,060,695 | $76.5M | Reduce -0.9% |
| VTR Ventas Inc. | 0.23% | 854,307 | $75.9M | Add +0.1% |
| COP Conocophillips | 0.23% | 726,412 | $75.5M | Reduce -0.6% |
| VGIT Vanguard Intermediate-Term T | 0.23% | 1,275,570 | $75.2M | No change |
| URI United Rentals Inc. | 0.23% | 66,148 | $74.9M | Reduce -0.3% |
| JCI Johnson Controls Internation | 0.22% | 507,406 | $74.1M | Reduce -0.3% |
| ORCL Oracle Corp. | 0.22% | 500,181 | $73.3M | Add +38.9% |
| CB Chubb Ltd. | 0.22% | 214,269 | $73.0M | Reduce -16.5% |
| SNDK Sandisk Corp. | 0.21% | 31,109 | $70.7M | Reduce -0.8% |
| HCA HCA Healthcare Inc. | 0.20% | 174,618 | $68.1M | Reduce -0.3% |
| YUM Yum! Brands Inc. | 0.20% | 423,392 | $67.7M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.20% | 518,855 | $66.7M | Reduce -1.6% |
| GEV GE Vernova Inc. | 0.20% | 56,453 | $66.3M | Reduce -1.4% |
| WDAY Workday Inc. Class A | 0.20% | 540,288 | $66.1M | Add +58.7% |
| MRVL Marvell Technology Inc. | 0.20% | 221,936 | $66.1M | Add +174.0% |
| NOC Northrop Grumman Corp. | 0.20% | 128,610 | $65.5M | Reduce -0.2% |
| MKSI MKS Inc. | 0.20% | 145,960 | $64.9M | Reduce -7.9% |
| CMCSA Comcast Corp. Class A | 0.20% | 2,638,153 | $64.8M | Reduce -0.5% |
| CTVA Corteva Inc. | 0.19% | 754,503 | $63.9M | Reduce -0.3% |
| TDG Transdigm Group Inc. | 0.18% | 45,966 | $61.2M | Reduce -0.5% |
| GM General Motors Co. | 0.18% | 787,996 | $60.7M | Reduce -0.3% |
| CW Curtiss-Wright Corp. | 0.18% | 79,978 | $60.6M | Reduce -8.0% |
| NVT Nvent Electric PLC | 0.18% | 351,824 | $59.7M | Reduce -8.0% |
| AMT American Tower Corp. | 0.18% | 358,947 | $58.7M | Reduce -0.4% |
| CL Colgate-Palmolive Co. | 0.18% | 640,365 | $58.7M | Reduce -0.5% |
| EMR Emerson Electric Co. | 0.18% | 407,683 | $58.4M | Reduce -0.4% |
Portfolio Sells Q1 2026 → Q2 2026
| AKAM Akamai Technologies Inc. | Reduce -96.4% | 0.01% | −0.31 |
| MSFT Microsoft Corp. | Reduce -0.6% | 2.89% | −0.31 |
| XOM Exxon Mobil Corp. | Reduce -1.2% | 0.57% | −0.22 |
| CVX Chevron Corp. | Reduce -0.4% | 0.57% | −0.22 |
| WMT Walmart Inc. | Reduce -13.5% | 0.48% | −0.20 |
| KDP Keurig Dr Pepper Inc. | Reduce -88.0% | 0.03% | −0.18 |
| JNJ Johnson & Johnson | Reduce -10.0% | 0.83% | −0.15 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.1% | 0.17% | −0.13 |
| CASY Casey's General Stores Inc. | Reduce -86.4% | 0.02% | −0.12 |
| CRM Salesforce Inc. | Reduce -3.8% | 0.32% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 0.54% | −0.10 |
| KEY Keycorp | Reduce -88.4% | 0.01% | −0.10 |
| NOC Northrop Grumman Corp. | Reduce -0.2% | 0.20% | −0.10 |
| COP Conocophillips | Reduce -0.6% | 0.23% | −0.09 |
| TTD Trade Desk Inc./the Class A | Reduce -93.2% | 0.00% | −0.09 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.09 |
| REGN Regeneron Pharmaceuticals | Reduce -0.3% | 0.24% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -0.9% | 0.27% | −0.09 |
| T AT&T Inc. | Reduce -1.2% | 0.14% | −0.08 |
| ZM Zoom Communications Inc. | Reduce -35.0% | 0.13% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.11% | −0.07 |
| PFE Pfizer Inc. | Reduce -0.3% | 0.25% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -0.5% | 0.25% | −0.07 |
| HCA HCA Healthcare Inc. | Reduce -0.3% | 0.20% | −0.07 |
| MTCH Match Group Inc. | Reduce -40.7% | 0.13% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.6% | 0.17% | −0.07 |
| FLEX Flex Ltd. | Reduce -82.9% | 0.04% | −0.06 |
| NKE Nike Inc. Class B | Reduce -0.1% | 0.14% | −0.06 |
| ETR Entergy Corp. | Reduce -20.6% | 0.16% | −0.06 |
| CB Chubb Ltd. | Reduce -16.5% | 0.22% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -0.5% | 0.20% | −0.06 |
| HON Honeywell International Inc. | Reduce -1.3% | 0.04% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 2.71% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -7.4% | 0.31% | −0.05 |
| HIG Hartford Insurance Group Inc. | Reduce -30.7% | 0.08% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -3.2% | 0.30% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -0.9% | 0.56% | −0.05 |
| UTHR United Therapeutics Corp. | Reduce -9.0% | 0.15% | −0.05 |
| EXE Expand Energy Corp. | Reduce -8.0% | 0.11% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.8% | 0.16% | −0.05 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.04 |
| AA Alcoa Corp. | Reduce -8.3% | 0.08% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.3% | 0.24% | −0.04 |
| INTU Intuit Inc. | Reduce -1.7% | 0.05% | −0.04 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.4% | 0.12% | −0.04 |
| ACN Accenture PLC Class A | Reduce -1.3% | 0.05% | −0.04 |
| RRC Range Resources Corp. | Reduce -5.7% | 0.09% | −0.04 |
| PLD Prologis Inc. | Reduce -0.1% | 0.44% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.3% | 0.12% | −0.04 |
| DIS The Walt Disney Co. | Reduce -1.2% | 0.28% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| AMD Advanced Micro Devices | Add +19.5% | 0.72% | +0.49 |
| INTC Intel Corp. | Add +27.0% | 0.53% | +0.39 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 2.23% | +0.34 |
| GOOG Alphabet Inc. Class C | Add +4.1% | 1.75% | +0.24 |
| NOW ServiceNow Inc. | Add +370.6% | 0.31% | +0.23 |
| LLY Eli Lilly & Co. | Add +16.7% | 0.71% | +0.19 |
| MRVL Marvell Technology Inc. | Add +174.0% | 0.20% | +0.17 |
| HPQ HP Inc. | Add +1058.0% | 0.15% | +0.14 |
| MNST Monster Beverage Corp. | Add +289.1% | 0.17% | +0.13 |
| CMS CMS Energy Corp. | Add +646.0% | 0.11% | +0.10 |
| BSX Boston Scientific Corp. | Add +264.2% | 0.15% | +0.08 |
| STX Seagate Technology Holdings | Add +1.7% | 0.14% | +0.08 |
| WDC Western Digital Corp. | Add +0.6% | 0.14% | +0.07 |
| ROKU Roku Inc. | New | 0.07% | +0.07 |
| CVNA Carvana Co. | Add +187.1% | 0.09% | +0.05 |
| TSLA Tesla Inc. | Add +3.1% | 1.05% | +0.05 |
| CDE Coeur Mining Inc. | New | 0.05% | +0.05 |
| TTMI TTM Technologies | Add +31.2% | 0.09% | +0.05 |
| WDAY Workday Inc. Class A | Add +58.7% | 0.20% | +0.05 |
| SANM Sanmina Corp. | New | 0.05% | +0.05 |
| SMTC Semtech Corp. | New | 0.05% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +3.9% | 0.68% | +0.05 |
| ORCL Oracle Corp. | Add +38.9% | 0.22% | +0.04 |
| ENTG Entegris Inc. | Add +12.8% | 0.11% | +0.04 |
| IBM Intl Business Machines Corp. | Add +2.7% | 0.58% | +0.04 |
| TOST Toast Inc. Class A | New | 0.04% | +0.04 |
| DOCN Digitalocean Holdings Inc. | New | 0.04% | +0.04 |
| VIAV Viavi Solutions Inc. | New | 0.04% | +0.04 |
| NBIS Nebius Group NV | Add +8.7% | 0.06% | +0.04 |
| SN Sharkninja Inc. | New | 0.03% | +0.03 |
| SITM Sitime Corp. | Add +3.1% | 0.06% | +0.03 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.03% | +0.03 |
| AEIS Advanced Energy Industries | Add +46.7% | 0.08% | +0.03 |
| IESC Ies Holdings Inc. | New | 0.02% | +0.02 |
| RMBS Rambus Inc. | Add +7.1% | 0.06% | +0.02 |
| SIRI Sirius XM Holdings Inc. | New | 0.02% | +0.02 |
| COHR Coherent Corp. | Add +3.2% | 0.05% | +0.02 |
| VEEV Veeva Systems Inc. Class A | New | 0.02% | +0.02 |
| JLL Jones Lang Lasalle Inc. | Add +33.5% | 0.09% | +0.02 |
| VICR Vicor Corp. | Add +0.3% | 0.03% | +0.01 |
| R Ryder System Inc. | Add +10.8% | 0.06% | +0.01 |
| WELL Welltower Inc. | Add +0.0% | 0.37% | +0.01 |
| WFRD Weatherford International PL | Add +87.5% | 0.04% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +0.2% | 0.07% | +0.01 |
| AHR American Healthcare REIT Inc. | Add +13.6% | 0.08% | +0.01 |
| BURL Burlington Stores Inc. | Add +23.7% | 0.11% | +0.01 |
| TIGO Millicom Intl Cellular S.A. | New | 0.01% | +0.01 |
| DVN Devon Energy Corp. | Add +83.9% | 0.03% | +0.01 |
| WSE Wise Group PLC Class A | New | 0.01% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +7.8% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 950 | $33.2B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q1 2026 | 947 | $30.0B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q4 2025 | 943 | $30.8B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 945 | $30.1B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 935 | $27.9B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q1 2025 | 945 | $25.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 941 | $26.9B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 944 | $26.7B | AAPL, MSFT, NVDA, AMZN, IEMG |
| Q2 2024 | 941 | $25.9B | MSFT, NVDA, AAPL, AMZN, IEMG |
| Q1 2024 | 941 | $25.9B | MSFT, AAPL, NVDA, AMZN, IEMG |