Retirement Systems of Alabama
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Retirement Systems of Alabama reported 941 stock positions worth $25.9 billion. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Apple (AAPL, 3.7%) and Nvidia (NVDA, 3.3%). Compared with Q4 2023, it opened 11 new positions, sold out of 11, added to 675 and reduced 231. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $25.9B (Q1 2024)
- SEC Filing
- 0001140361-24-023355 ↗ filed Apr 30, 2024
Holdings Value
Holdings 941 stocks · $25.9B
| MSFT Microsoft Corp. | 4.71% | 2,898,005 | $1.2B | Reduce -0.4% |
| AAPL Apple Inc. | 3.69% | 5,572,134 | $955.5M | Reduce -2.9% |
| NVDA Nvidia Corp. | 3.34% | 956,162 | $863.9M | Add +0.1% |
| AMZN Amazon.com Inc. | 2.65% | 3,797,262 | $685.0M | Add +0.3% |
| IEMG iShares Core MSCI Emerging | 1.51% | 7,584,431 | $391.4M | No change |
| META Meta Platforms Inc. Class A | 1.49% | 794,892 | $386.0M | Reduce -1.5% |
| EEM iShares MSCI Emerging Market | 1.46% | 9,183,852 | $377.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.31% | 808,315 | $339.9M | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 1.29% | 2,208,145 | $333.3M | Reduce -1.5% |
| AVGO Broadcom Inc. | 1.22% | 237,528 | $314.8M | Add +0.2% |
| DFAE Dimensional Emerging Core Eq | 1.21% | 12,668,769 | $313.2M | No change |
| GOOG Alphabet Inc. Class C | 1.08% | 1,838,707 | $280.0M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.82% | 427,485 | $211.5M | Reduce -6.7% |
| JPM JPMorgan Chase & Co. | 0.81% | 1,040,244 | $208.4M | Add +4.6% |
| JNJ Johnson & Johnson | 0.76% | 1,234,969 | $195.4M | Add +30.2% |
| MRK Merck & Co. Inc. | 0.73% | 1,432,395 | $189.0M | Add +0.1% |
| ABBV Abbvie Inc. | 0.70% | 989,388 | $180.2M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.67% | 1,489,393 | $173.1M | Reduce -0.4% |
| V Visa Inc. Class A | 0.66% | 612,178 | $170.8M | Reduce -0.4% |
| HD Home Depot Inc. | 0.65% | 441,068 | $169.2M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 321,135 | $168.0M | Reduce -2.4% |
| CVX Chevron Corp. | 0.65% | 1,061,917 | $167.5M | Reduce -0.4% |
| TSLA Tesla Inc. | 0.64% | 936,246 | $164.6M | Reduce -8.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 4,316,804 | $163.7M | Add +0.1% |
| ORCL Oracle Corp. | 0.63% | 1,292,110 | $162.3M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 0.62% | 219,037 | $160.5M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.61% | 330,197 | $159.0M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.60% | 956,244 | $155.2M | Reduce -0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.60% | 810,030 | $154.7M | Reduce -7.3% |
| CSCO Cisco Systems Inc. | 0.59% | 3,053,573 | $152.4M | Add +6.1% |
| NFLX Netflix Inc. | 0.58% | 246,099 | $149.5M | Reduce -0.4% |
| PLD Prologis Inc. | 0.56% | 1,116,169 | $145.3M | Add +0.0% |
| WFC Wells Fargo & Co. | 0.53% | 2,382,319 | $138.1M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.53% | 176,000 | $136.9M | Add +0.1% |
| KDP Keurig Dr Pepper Inc. | 0.50% | 4,236,589 | $129.9M | Add +27.9% |
| QCOM Qualcomm Inc. | 0.49% | 749,519 | $126.9M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 983,455 | $120.3M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 0.44% | 286,763 | $114.4M | Add +0.1% |
| AMAT Applied Materials Inc. | 0.43% | 539,748 | $111.3M | Reduce -0.1% |
| AXP American Express Co. | 0.42% | 479,517 | $109.2M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.42% | 384,995 | $108.5M | Add +0.1% |
| GE General Electric | 0.42% | 616,026 | $108.1M | Add +0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.40% | 250,073 | $104.5M | Add +0.0% |
| COP Conocophillips | 0.40% | 807,502 | $102.8M | Reduce -0.2% |
| CAT Caterpillar Inc. | 0.40% | 280,116 | $102.6M | Reduce -0.0% |
| VZ Verizon Communications Inc. | 0.39% | 2,379,541 | $99.8M | Add +0.1% |
| BND Vanguard Total Bond Market | 0.38% | 1,367,152 | $99.3M | Add +49.5% |
| MS Morgan Stanley | 0.38% | 1,049,007 | $98.8M | Reduce -0.2% |
| GS Goldman Sachs Group Inc. | 0.38% | 232,378 | $97.1M | Add +0.1% |
| PEP Pepsico Inc. | 0.37% | 552,656 | $96.7M | Add +0.1% |
| SCHW Schwab (charles) Corp. | 0.37% | 1,329,870 | $96.2M | Add +0.0% |
| UBER Uber Technologies Inc. | 0.35% | 1,170,711 | $90.1M | Add +0.1% |
| MU Micron Technology Inc. | 0.35% | 764,448 | $90.1M | Add +0.2% |
| SHW The Sherwin-Williams Co. | 0.34% | 256,122 | $89.0M | Reduce -8.1% |
| CTSH Cognizant Tech Solutions-A | 0.34% | 1,209,916 | $88.7M | Reduce -0.1% |
| EA Electronic Arts Inc. | 0.34% | 664,662 | $88.2M | Add +3.6% |
| DHR Danaher Corp. | 0.33% | 341,751 | $85.3M | Add +0.1% |
| UNP Union Pacific Corp. | 0.32% | 338,870 | $83.3M | Add +2.0% |
| KO The Coca-Cola Co. | 0.32% | 1,361,614 | $83.3M | Add +0.1% |
| AKAM Akamai Technologies Inc. | 0.31% | 736,772 | $80.1M | Add +5.4% |
| MDT Medtronic PLC | 0.31% | 915,104 | $79.8M | Add +19.7% |
| HPE Hewlett Packard Enterprise | 0.30% | 4,448,812 | $78.9M | Add +18.4% |
| PM Philip Morris International | 0.30% | 854,349 | $78.3M | Add +0.1% |
| ETN Eaton Corp. PLC | 0.30% | 249,222 | $77.9M | Reduce -1.2% |
| SPG Simon Property Group Inc. | 0.30% | 487,860 | $76.3M | Add +0.0% |
| AMT American Tower Corp. | 0.30% | 386,326 | $76.3M | Add +0.0% |
| LOW Lowe's Cos Inc. | 0.29% | 299,135 | $76.2M | Reduce -0.1% |
| HON Honeywell International Inc. | 0.29% | 370,957 | $76.1M | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 1,366,217 | $74.1M | Add +0.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 382,480 | $73.4M | No change |
| NKE Nike Inc. Class B | 0.28% | 773,658 | $72.7M | Reduce -0.1% |
| PYPL PayPal Holdings Inc. | 0.27% | 1,055,448 | $70.7M | Reduce -0.1% |
| FFIV F5 Inc. | 0.27% | 370,479 | $70.2M | Reduce -0.1% |
| HCA HCA Healthcare Inc. | 0.26% | 204,875 | $68.3M | Add +0.0% |
| PSA Public Storage | 0.26% | 234,256 | $67.9M | Add +0.0% |
| DLR Digital Realty Trust Inc. | 0.26% | 461,174 | $66.4M | Add +0.0% |
| CI The Cigna Group | 0.26% | 182,413 | $66.3M | Reduce -26.9% |
| TXN Texas Instruments Inc. | 0.26% | 379,493 | $66.1M | Add +0.1% |
| CB Chubb Ltd. | 0.25% | 253,550 | $65.7M | Reduce -15.9% |
| HOLX Hologic Inc. | 0.25% | 827,171 | $64.5M | Add +30.7% |
| AMD Advanced Micro Devices | 0.25% | 356,625 | $64.4M | Add +0.1% |
| CRM Salesforce Inc. | 0.25% | 213,652 | $64.3M | Reduce -0.4% |
| GM General Motors Co. | 0.25% | 1,408,345 | $63.9M | Add +366.6% |
| EQIX Equinix Inc. | 0.25% | 77,052 | $63.6M | Add +0.0% |
| ADP Automatic Data Processing | 0.24% | 253,183 | $63.2M | Add +0.0% |
| BA The Boeing Co. | 0.24% | 321,065 | $62.0M | Add +0.4% |
| GILD Gilead Sciences Inc. | 0.24% | 844,669 | $61.9M | Add +207.6% |
| CAH Cardinal Health Inc. | 0.23% | 539,083 | $60.3M | Reduce -0.1% |
| CCI Crown Castle Inc. | 0.23% | 561,538 | $59.4M | Add +0.0% |
| CNC Centene Corp. | 0.23% | 755,742 | $59.3M | Add +0.0% |
| MPC Marathon Petroleum Corp. | 0.23% | 292,719 | $59.0M | Reduce -0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 752,165 | $58.1M | No change |
| JNPR Juniper Networks Inc. | 0.22% | 1,545,197 | $57.3M | Reduce -6.7% |
| WM Waste Management Inc. | 0.22% | 268,017 | $57.1M | Add +0.0% |
| KR Kroger Co. | 0.22% | 997,283 | $57.0M | Add +0.0% |
| WMT Walmart Inc. | 0.22% | 944,801 | $56.8M | Add +0.2% |
| ABNB Airbnb Inc. Class A | 0.21% | 334,833 | $55.2M | Add +0.1% |
| KLAC KLA Corp. | 0.21% | 78,248 | $54.7M | Reduce -0.1% |
| PH Parker Hannifin Corp. | 0.21% | 98,230 | $54.6M | Add +0.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.21% | 214,951 | $53.7M | Add +0.1% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.9% | 3.69% | −0.99 |
| TSLA Tesla Inc. | Reduce -8.3% | 0.64% | −0.44 |
| ABT Abbott Laboratories | Reduce -65.0% | 0.17% | −0.34 |
| UNH Unitedhealth Group Inc. | Reduce -6.7% | 0.82% | −0.20 |
| RF Regions Financial Corp. | Reduce -92.0% | 0.02% | −0.19 |
| DECK Deckers Outdoor Corp. | Reduce -90.2% | 0.02% | −0.14 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -83.8% | 0.02% | −0.13 |
| CHTR Charter Communications Inc. Class A | Reduce -75.9% | 0.02% | −0.12 |
| LUV Southwest Airlines Co. | Reduce -85.6% | 0.01% | −0.10 |
| MO Altria Group Inc. | Reduce -32.6% | 0.17% | −0.08 |
| NKE Nike Inc. Class B | Reduce -0.1% | 0.28% | −0.08 |
| MNST Monster Beverage Corp. | Reduce -22.8% | 0.19% | −0.07 |
| SRC Spirit Realty Capital Inc. | Sold out | 0.00% | −0.07 |
| CI The Cigna Group | Reduce -26.9% | 0.26% | −0.06 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.19% | −0.06 |
| GPC Genuine Parts Co. | Reduce -73.8% | 0.02% | −0.05 |
| OZK Bank Ozk | Reduce -61.7% | 0.02% | −0.05 |
| COHR Coherent Corp. | Reduce -64.2% | 0.04% | −0.05 |
| PLNT Planet Fitness Inc. Class A | Reduce -53.7% | 0.03% | −0.05 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.1% | 0.34% | −0.04 |
| CNXC Concentrix Corp. | Reduce -55.2% | 0.02% | −0.04 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.04 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 1.08% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 1.29% | −0.04 |
| OLN Olin Corp. | Reduce -51.8% | 0.03% | −0.04 |
| CB Chubb Ltd. | Reduce -15.9% | 0.25% | −0.03 |
| MS Morgan Stanley | Reduce -0.2% | 0.38% | −0.03 |
| MTZ Mastec Inc. | Reduce -58.7% | 0.03% | −0.03 |
| STZ Constellation Brands Inc. Class A | Reduce -17.8% | 0.15% | −0.03 |
| LOPE Grand Canyon Education Inc. | Reduce -56.9% | 0.02% | −0.03 |
| GEF Greif Inc. Class A | Reduce -76.0% | 0.01% | −0.03 |
| SMCI Super Micro Computer Inc. | Reduce -80.9% | 0.04% | −0.03 |
| CVX Chevron Corp. | Reduce -0.4% | 0.65% | −0.03 |
| SHW The Sherwin-Williams Co. | Reduce -8.1% | 0.34% | −0.02 |
| ROL Rollins Inc. | Reduce -66.0% | 0.01% | −0.02 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.02 |
| PNFP Pinnacle Financial Partners | Reduce -13.4% | 0.08% | −0.02 |
| VYX NCR Voyix Corp. | Reduce -19.8% | 0.03% | −0.02 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.02 |
| RRC Range Resources Corp. | Reduce -20.8% | 0.08% | −0.02 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -1.2% | 0.15% | −0.02 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.02 |
| V Visa Inc. Class A | Reduce -0.4% | 0.66% | −0.02 |
| LTHM Livent Corp. | Sold out | 0.00% | −0.02 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -0.1% | 0.04% | −0.02 |
| SPGI S&P Global Inc. | Reduce -0.7% | 0.12% | −0.02 |
| HUM Humana Inc. | Reduce -0.6% | 0.04% | −0.02 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +0.1% | 3.34% | +1.34 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.65% | +0.21 |
| GM General Motors Co. | Add +366.6% | 0.25% | +0.20 |
| ZM Zoom Communications Inc. | New | 0.16% | +0.16 |
| GILD Gilead Sciences Inc. | Add +207.6% | 0.24% | +0.14 |
| JNJ Johnson & Johnson | Add +30.2% | 0.76% | +0.13 |
| TFC Truist Financial Corp. | Add +278.6% | 0.17% | +0.12 |
| ACGL Arch Capital Group Ltd. | Add +385.0% | 0.14% | +0.12 |
| EBAY eBay Inc. | Add +461.6% | 0.13% | +0.11 |
| UAL United Airlines Holdings Inc. | Add +751.5% | 0.11% | +0.10 |
| BND Vanguard Total Bond Market | Add +49.5% | 0.38% | +0.10 |
| AVGO Broadcom Inc. | Add +0.2% | 1.22% | +0.10 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.53% | +0.10 |
| DIS The Walt Disney Co. | Add +0.2% | 0.47% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 0.81% | +0.09 |
| P Everpure Inc. Class A | New | 0.09% | +0.09 |
| BF.B Brown-Forman Corp. Class B | Add +1087.2% | 0.10% | +0.09 |
| GE General Electric | Add +0.1% | 0.42% | +0.09 |
| AIT Applied Industrial Tech Inc. | New | 0.07% | +0.07 |
| MU Micron Technology Inc. | Add +0.2% | 0.35% | +0.07 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.73% | +0.07 |
| IBKR Interactive Brokers Gro Class A | Add +98.1% | 0.11% | +0.07 |
| VST Vistra Corp. | Add +20.0% | 0.14% | +0.07 |
| ELF Elf Beauty Inc. | New | 0.06% | +0.06 |
| HOLX Hologic Inc. | Add +30.7% | 0.25% | +0.06 |
| AMH American Homes 4 Rent- A | New | 0.06% | +0.06 |
| MCHP Microchip Technology Inc. | Add +125.8% | 0.09% | +0.05 |
| WSM Williams-Sonoma Inc. | Add +0.2% | 0.16% | +0.05 |
| ABBV Abbvie Inc. | Add +0.1% | 0.70% | +0.05 |
| UBER Uber Technologies Inc. | Add +0.1% | 0.35% | +0.04 |
| MDT Medtronic PLC | Add +19.7% | 0.31% | +0.04 |
| CIVI Civitas Resources Inc. | Add +124.0% | 0.07% | +0.04 |
| EME Emcor Group Inc. | Add +7.7% | 0.10% | +0.04 |
| MSA Msa Safety Inc. | Add +105.8% | 0.07% | +0.04 |
| KBR KBR Inc. | Add +73.9% | 0.08% | +0.04 |
| AA Alcoa Corp. | Add +108.8% | 0.07% | +0.04 |
| KDP Keurig Dr Pepper Inc. | Add +27.9% | 0.50% | +0.03 |
| FLUT Flutter Entertainment PLC-Di | New | 0.03% | +0.03 |
| HPE Hewlett Packard Enterprise | Add +18.4% | 0.30% | +0.03 |
| DOCU Docusign Inc. | New | 0.03% | +0.03 |
| CYTK Cytokinetics Inc. | New | 0.03% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +0.1% | 0.44% | +0.03 |
| BURL Burlington Stores Inc. | Add +30.2% | 0.11% | +0.03 |
| QCOM Qualcomm Inc. | Add +0.1% | 0.49% | +0.03 |
| HCA HCA Healthcare Inc. | Add +0.0% | 0.26% | +0.03 |
| TXRH Texas Roadhouse Inc. | Add +15.9% | 0.12% | +0.03 |
| FIX Comfort Systems USA Inc. | Add +21.1% | 0.07% | +0.03 |
| CLF Cleveland-Cliffs Inc. | Add +47.9% | 0.08% | +0.03 |
| KR Kroger Co. | Add +0.0% | 0.22% | +0.03 |
| AMD Advanced Micro Devices | Add +0.1% | 0.25% | +0.03 |
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 |