Retirement Systems of Alabama
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), Retirement Systems of Alabama reported 941 stock positions worth $25.9 billion. Its top holding was Microsoft (MSFT) at 5.0% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Apple (AAPL, 4.4%). Compared with Q1 2024, it opened 13 new positions, sold out of 15, added to 228 and reduced 675. The biggest buy was Walmart (WMT, shares +88%) and the biggest sale Walt Disney (DIS, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $25.9B (Q2 2024)
- SEC Filing
- 0001140361-24-034015 ↗ filed Jul 24, 2024
Holdings Value
Holdings 941 stocks · $25.9B
| MSFT Microsoft Corp. | 4.95% | 2,864,875 | $1.3B | Reduce -1.1% |
| NVDA Nvidia Corp. | 4.45% | 9,304,283 | $1.1B | Reduce -2.7% |
| AAPL Apple Inc. | 4.43% | 5,435,708 | $1.1B | Reduce -2.5% |
| AMZN Amazon.com Inc. | 2.77% | 3,712,552 | $717.5M | Reduce -2.2% |
| IEMG iShares Core MSCI Emerging | 1.57% | 7,584,431 | $406.0M | No change |
| GOOGL Alphabet Inc. Class A | 1.52% | 2,152,090 | $392.0M | Reduce -2.5% |
| EEM iShares MSCI Emerging Market | 1.51% | 9,183,852 | $391.1M | No change |
| META Meta Platforms Inc. Class A | 1.47% | 756,183 | $381.3M | Reduce -4.9% |
| AVGO Broadcom Inc. | 1.42% | 228,573 | $367.0M | Reduce -3.8% |
| DFAE Dimensional Emerging Core Eq | 1.27% | 12,668,769 | $327.7M | No change |
| GOOG Alphabet Inc. Class C | 1.27% | 1,785,424 | $327.5M | Reduce -2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 783,139 | $318.6M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 0.81% | 413,766 | $210.7M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 0.79% | 1,012,924 | $204.9M | Reduce -2.6% |
| V Visa Inc. Class A | 0.73% | 716,338 | $188.0M | Add +17.0% |
| TSLA Tesla Inc. | 0.70% | 918,426 | $181.7M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.70% | 1,567,901 | $180.5M | Add +5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 323,713 | $176.2M | Add +0.8% |
| ORCL Oracle Corp. | 0.68% | 1,238,811 | $174.9M | Reduce -4.1% |
| JNJ Johnson & Johnson | 0.68% | 1,194,840 | $174.6M | Reduce -3.3% |
| MRK Merck & Co. Inc. | 0.66% | 1,382,557 | $171.2M | Reduce -3.5% |
| MA Mastercard Inc. Class A | 0.65% | 378,777 | $167.1M | Add +14.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.64% | 4,140,220 | $164.7M | Reduce -4.1% |
| ABBV Abbvie Inc. | 0.63% | 955,408 | $163.9M | Reduce -3.4% |
| LLY Eli Lilly & Co. | 0.62% | 176,105 | $159.4M | Add +0.1% |
| CVX Chevron Corp. | 0.62% | 1,018,868 | $159.4M | Reduce -4.0% |
| PG The Procter & Gamble Co. | 0.60% | 932,874 | $153.8M | Reduce -2.4% |
| NFLX Netflix Inc. | 0.58% | 223,676 | $151.0M | Reduce -9.1% |
| HD Home Depot Inc. | 0.57% | 427,520 | $147.2M | Reduce -3.1% |
| COST Costco Wholesale Corp. | 0.56% | 171,838 | $146.1M | Reduce -21.6% |
| QCOM Qualcomm Inc. | 0.56% | 721,433 | $143.7M | Reduce -3.8% |
| KDP Keurig Dr Pepper Inc. | 0.54% | 4,185,239 | $139.8M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.54% | 2,928,243 | $139.1M | Reduce -4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.52% | 776,407 | $134.3M | Reduce -4.2% |
| PLD Prologis Inc. | 0.51% | 1,164,429 | $130.8M | Add +4.3% |
| WFC Wells Fargo & Co. | 0.49% | 2,144,209 | $127.3M | Reduce -10.0% |
| AMAT Applied Materials Inc. | 0.47% | 519,299 | $122.5M | Reduce -3.8% |
| ISRG Intuitive Surgical Inc. | 0.47% | 275,454 | $122.5M | Reduce -3.9% |
| WMT Walmart Inc. | 0.46% | 1,774,672 | $120.2M | Add +87.8% |
| BND Vanguard Total Bond Market | 0.45% | 1,611,695 | $116.1M | Add +17.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.43% | 239,221 | $112.1M | Reduce -4.3% |
| EQIX Equinix Inc. | 0.39% | 131,616 | $99.6M | Add +70.8% |
| MS Morgan Stanley | 0.38% | 1,004,952 | $97.7M | Reduce -4.2% |
| MU Micron Technology Inc. | 0.37% | 735,695 | $96.8M | Reduce -3.8% |
| AXP American Express Co. | 0.37% | 416,710 | $96.5M | Reduce -13.1% |
| VZ Verizon Communications Inc. | 0.37% | 2,298,228 | $94.8M | Reduce -3.4% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 596,075 | $94.8M | Reduce -3.2% |
| MCD McDonald's Corp. | 0.37% | 371,184 | $94.6M | Reduce -3.6% |
| GS Goldman Sachs Group Inc. | 0.36% | 203,753 | $92.2M | Reduce -12.3% |
| HPE Hewlett Packard Enterprise | 0.34% | 4,213,861 | $89.2M | Reduce -5.3% |
| PEP Pepsico Inc. | 0.34% | 538,499 | $88.8M | Reduce -2.6% |
| CAT Caterpillar Inc. | 0.34% | 266,168 | $88.7M | Reduce -5.0% |
| COP Conocophillips | 0.34% | 774,576 | $88.6M | Reduce -4.1% |
| EA Electronic Arts Inc. | 0.34% | 630,165 | $87.8M | Reduce -5.2% |
| KO The Coca-Cola Co. | 0.33% | 1,329,697 | $84.6M | Reduce -2.3% |
| PM Philip Morris International | 0.32% | 825,756 | $83.7M | Reduce -3.4% |
| SCHW Schwab (charles) Corp. | 0.32% | 1,122,916 | $82.7M | Reduce -15.6% |
| DHR Danaher Corp. | 0.32% | 330,925 | $82.7M | Reduce -3.2% |
| UBER Uber Technologies Inc. | 0.32% | 1,137,017 | $82.6M | Reduce -2.9% |
| CTSH Cognizant Tech Solutions-A | 0.30% | 1,147,624 | $78.0M | Reduce -5.2% |
| HON Honeywell International Inc. | 0.29% | 356,377 | $76.1M | Reduce -3.9% |
| ETN Eaton Corp. PLC | 0.29% | 240,194 | $75.3M | Reduce -3.6% |
| UNP Union Pacific Corp. | 0.29% | 327,344 | $74.1M | Reduce -3.4% |
| SHW The Sherwin-Williams Co. | 0.28% | 244,086 | $72.8M | Reduce -4.7% |
| AMT American Tower Corp. | 0.28% | 373,863 | $72.7M | Reduce -3.2% |
| TXN Texas Instruments Inc. | 0.28% | 369,556 | $71.9M | Reduce -2.6% |
| PSA Public Storage | 0.27% | 244,719 | $70.4M | Add +4.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.27% | 382,480 | $69.8M | No change |
| MDT Medtronic PLC | 0.27% | 879,465 | $69.2M | Reduce -3.9% |
| CCI Crown Castle Inc. | 0.26% | 692,176 | $67.6M | Add +23.3% |
| LOW Lowe's Cos Inc. | 0.25% | 288,704 | $63.6M | Reduce -3.5% |
| AKAM Akamai Technologies Inc. | 0.24% | 697,395 | $62.8M | Reduce -5.3% |
| HCA HCA Healthcare Inc. | 0.24% | 194,822 | $62.6M | Reduce -4.9% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 1,506,791 | $62.6M | Add +10.3% |
| CB Chubb Ltd. | 0.24% | 244,415 | $62.3M | Reduce -3.6% |
| GM General Motors Co. | 0.24% | 1,340,154 | $62.3M | Reduce -4.8% |
| KLAC KLA Corp. | 0.24% | 75,368 | $62.1M | Reduce -3.7% |
| FFIV F5 Inc. | 0.23% | 350,263 | $60.3M | Reduce -5.5% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 905,746 | $59.3M | Add +204.8% |
| ADP Automatic Data Processing | 0.22% | 243,634 | $58.2M | Reduce -3.8% |
| HOLX Hologic Inc. | 0.22% | 783,098 | $58.1M | Reduce -5.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 752,165 | $58.1M | No change |
| AMD Advanced Micro Devices | 0.22% | 356,541 | $57.8M | Reduce -0.0% |
| CMG Chipotle Mexican Grill Inc. | 0.22% | 921,550 | $57.7M | Add +204.5% |
| CI The Cigna Group | 0.22% | 173,867 | $57.5M | Reduce -4.7% |
| BA The Boeing Co. | 0.22% | 310,801 | $56.6M | Reduce -3.2% |
| GILD Gilead Sciences Inc. | 0.22% | 812,344 | $55.7M | Reduce -3.8% |
| CRM Salesforce Inc. | 0.21% | 214,249 | $55.1M | Add +0.3% |
| ADBE Adobe Inc. | 0.21% | 98,823 | $54.9M | Reduce -0.9% |
| WM Waste Management Inc. | 0.21% | 257,075 | $54.8M | Reduce -4.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.21% | 205,871 | $53.4M | Reduce -4.2% |
| JNPR Juniper Networks Inc. | 0.21% | 1,462,674 | $53.3M | Reduce -5.3% |
| TDG Transdigm Group Inc. | 0.21% | 41,593 | $53.1M | Reduce -3.9% |
| CAH Cardinal Health Inc. | 0.19% | 511,747 | $50.3M | Reduce -5.1% |
| EOG EOG Resources Inc. | 0.19% | 389,373 | $49.0M | Add +4.3% |
| ABNB Airbnb Inc. Class A | 0.19% | 322,624 | $48.9M | Reduce -3.6% |
| MPC Marathon Petroleum Corp. | 0.19% | 277,288 | $48.1M | Reduce -5.3% |
| CNC Centene Corp. | 0.18% | 719,510 | $47.7M | Reduce -4.8% |
| PH Parker Hannifin Corp. | 0.18% | 94,300 | $47.7M | Reduce -4.0% |
| WELL Welltower Inc. | 0.18% | 453,473 | $47.3M | Add +10.7% |
Portfolio Sells Q1 2024 → Q2 2024
| DIS The Walt Disney Co. | Reduce -59.1% | 0.15% | −0.31 |
| PYPL PayPal Holdings Inc. | Reduce -78.1% | 0.05% | −0.22 |
| NKE Nike Inc. Class B | Reduce -65.5% | 0.08% | −0.20 |
| SPG Simon Property Group Inc. | Reduce -46.5% | 0.15% | −0.14 |
| DRI Darden Restaurants Inc. | Reduce -86.7% | 0.02% | −0.11 |
| VST Vistra Corp. | Reduce -85.7% | 0.02% | −0.11 |
| DLR Digital Realty Trust Inc. | Reduce -46.3% | 0.15% | −0.11 |
| HSY The Hershey Co. | Reduce -78.9% | 0.02% | −0.09 |
| KR Kroger Co. | Reduce -30.4% | 0.13% | −0.09 |
| HD Home Depot Inc. | Reduce -3.1% | 0.57% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.1% | 1.23% | −0.08 |
| JNJ Johnson & Johnson | Reduce -3.3% | 0.68% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -4.2% | 0.52% | −0.08 |
| BXP BXP Inc. | Reduce -71.8% | 0.03% | −0.08 |
| K Kellanova | Reduce -84.8% | 0.01% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -3.5% | 0.66% | −0.07 |
| AKAM Akamai Technologies Inc. | Reduce -5.3% | 0.24% | −0.07 |
| GDDY GoDaddy Inc. Class A | Reduce -82.4% | 0.02% | −0.06 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −0.06 |
| ABBV Abbvie Inc. | Reduce -3.4% | 0.63% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -4.7% | 0.28% | −0.06 |
| GEV GE Vernova Inc. | Reduce -60.7% | 0.04% | −0.06 |
| SWAV Shockwave Medical Inc. | Sold out | 0.00% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -21.6% | 0.56% | −0.06 |
| COP Conocophillips | Reduce -4.1% | 0.34% | −0.05 |
| CAT Caterpillar Inc. | Reduce -5.0% | 0.34% | −0.05 |
| MCD McDonald's Corp. | Reduce -3.6% | 0.37% | −0.05 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -15.6% | 0.32% | −0.05 |
| GE General Electric | Reduce -3.2% | 0.37% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -4.1% | 0.54% | −0.05 |
| AXP American Express Co. | Reduce -13.1% | 0.37% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -3.5% | 0.25% | −0.05 |
| FR First Industrial Realty TR | Reduce -57.3% | 0.03% | −0.05 |
| CVLT Commvault Systems Inc. | Reduce -70.9% | 0.03% | −0.05 |
| CNC Centene Corp. | Reduce -4.8% | 0.18% | −0.04 |
| AGCO Agco Corp. | Reduce -50.6% | 0.03% | −0.04 |
| MPC Marathon Petroleum Corp. | Reduce -5.3% | 0.19% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -10.0% | 0.49% | −0.04 |
| CTSH Cognizant Tech Solutions-A | Reduce -5.2% | 0.30% | −0.04 |
| MDT Medtronic PLC | Reduce -3.9% | 0.27% | −0.04 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -57.1% | 0.03% | −0.04 |
| AA Alcoa Corp. | Reduce -61.0% | 0.03% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -5.1% | 0.19% | −0.04 |
| FFIV F5 Inc. | Reduce -5.5% | 0.23% | −0.04 |
| MNST Monster Beverage Corp. | Reduce -5.3% | 0.15% | −0.04 |
| CE Celanese Corp. | Reduce -5.0% | 0.11% | −0.04 |
| UNP Union Pacific Corp. | Reduce -3.4% | 0.29% | −0.04 |
| TOL Toll Brothers Inc. | Reduce -15.1% | 0.11% | −0.03 |
| CI The Cigna Group | Reduce -4.7% | 0.22% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| WMT Walmart Inc. | Add +87.8% | 0.46% | +0.24 |
| CMG Chipotle Mexican Grill Inc. | Add +204.5% | 0.22% | +0.16 |
| MDLZ Mondelez International Inc. Class A | Add +204.8% | 0.23% | +0.15 |
| EQIX Equinix Inc. | Add +70.8% | 0.39% | +0.14 |
| FOXA Fox Corp. Class A | Add +1727.2% | 0.13% | +0.12 |
| WBD Warner Bros Discovery Inc. | Add +781.3% | 0.12% | +0.11 |
| LULU Lululemon Athletica Inc. | Add +344.2% | 0.13% | +0.09 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.62% | +0.09 |
| RBA RB Global Inc. | New | 0.08% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.08% | +0.08 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.07% | +0.07 |
| SRPT Sarepta Therapeutics Inc. | New | 0.07% | +0.07 |
| V Visa Inc. Class A | Add +17.0% | 0.73% | +0.07 |
| TPL Texas Pacific Land Corp. | New | 0.07% | +0.07 |
| BND Vanguard Total Bond Market | Add +17.9% | 0.45% | +0.07 |
| ILMN Illumina Inc. | Add +461.0% | 0.08% | +0.06 |
| KKR KKR & Co. Inc. | New | 0.06% | +0.06 |
| AMH American Homes 4 Rent- A | Add +95.7% | 0.11% | +0.06 |
| DBX Dropbox Inc. Class A | Add +154.7% | 0.07% | +0.04 |
| WMG Warner Music Group Corp. Class A | New | 0.04% | +0.04 |
| CR Crane Co. | Add +108.8% | 0.07% | +0.04 |
| SMG Scotts Miracle-Gro Co. | Add +309.5% | 0.05% | +0.04 |
| HQY Healthequity Inc. | Add +100.8% | 0.07% | +0.04 |
| HALO Halozyme Therapeutics Inc. | Add +90.0% | 0.06% | +0.04 |
| DUOL Duolingo | New | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +10.7% | 0.18% | +0.03 |
| H Hyatt Hotels Corp. Class A | Add +108.5% | 0.07% | +0.03 |
| CCI Crown Castle Inc. | Add +23.3% | 0.26% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 0.68% | +0.03 |
| MA Mastercard Inc. Class A | Add +14.7% | 0.65% | +0.03 |
| EBAY eBay Inc. | Add +20.9% | 0.16% | +0.03 |
| EXR Extra Space Storage Inc. | Add +32.2% | 0.10% | +0.03 |
| XOM Exxon Mobil Corp. | Add +5.3% | 0.70% | +0.03 |
| EXEL Exelixis Inc. | Add +92.1% | 0.06% | +0.03 |
| AAON Aaon Inc. | New | 0.03% | +0.03 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.03% | +0.03 |
| NXT Nextpower Inc. | New | 0.03% | +0.03 |
| ALTR Altair Engineering Inc. Class A | New | 0.03% | +0.03 |
| CHRD Chord Energy Corp. | Add +39.7% | 0.11% | +0.03 |
| O Realty Income Corp. | Add +19.4% | 0.14% | +0.02 |
| RHP Ryman Hospitality Properties | New | 0.02% | +0.02 |
| XRAY Dentsply Sirona Inc. | Add +448.0% | 0.02% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +2.4% | 0.09% | +0.02 |
| FBIN Fortune Brands Innovations I | Add +59.7% | 0.08% | +0.01 |
| ANET Arista Networks Inc. | Add +0.7% | 0.08% | +0.01 |
| AMGN Amgen Inc. | Add +0.2% | 0.14% | +0.01 |
| CACI Caci International Inc. Class A | Add +2.1% | 0.09% | +0.01 |
| NEE Nextera Energy Inc. | Add +0.1% | 0.12% | +0.01 |
| SNX TD Synnex Corp. | Add +33.9% | 0.04% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Add +67.9% | 0.03% | +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 |