Retirement Systems of Alabama
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed December 6, 2024), Retirement Systems of Alabama reported 944 stock positions worth $26.7 billion. Its top holding was Apple (AAPL) at 4.7% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Nvidia (NVDA, 4.1%). Compared with Q2 2024, it opened 12 new positions, sold out of 10, added to 178 and reduced 731. The biggest buy was Thermo Fisher Scientific (TMO, shares +147%) and the biggest sale Microsoft (MSFT, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $26.7B (Q3 2024)
- SEC Filing
- 0001140361-24-048588 ↗ filed Dec 6, 2024
Holdings Value
Holdings 944 stocks · $26.7B
| AAPL Apple Inc. | 4.68% | 5,366,334 | $1.3B | Reduce -1.3% |
| MSFT Microsoft Corp. | 4.33% | 2,691,421 | $1.2B | Reduce -6.0% |
| NVDA Nvidia Corp. | 4.06% | 8,928,450 | $1.1B | Reduce -4.0% |
| AMZN Amazon.com Inc. | 2.59% | 3,709,868 | $691.3M | Reduce -0.1% |
| IEMG iShares Core MSCI Emerging | 1.63% | 7,584,431 | $435.4M | No change |
| EEM iShares MSCI Emerging Market | 1.57% | 9,142,425 | $419.3M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 1.54% | 717,859 | $410.9M | Reduce -5.1% |
| AVGO Broadcom Inc. | 1.43% | 2,218,363 | $382.7M | Reduce -3.0% |
| DFAE Dimensional Emerging Core Eq | 1.30% | 12,668,769 | $347.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.29% | 751,846 | $346.0M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 1.27% | 2,047,211 | $339.5M | Reduce -4.9% |
| GOOG Alphabet Inc. Class C | 1.04% | 1,659,616 | $277.5M | Reduce -7.0% |
| UNH Unitedhealth Group Inc. | 0.85% | 389,552 | $227.8M | Reduce -5.8% |
| TSLA Tesla Inc. | 0.80% | 815,985 | $213.5M | Reduce -11.2% |
| JPM JPMorgan Chase & Co. | 0.76% | 967,142 | $203.9M | Reduce -4.5% |
| JNJ Johnson & Johnson | 0.75% | 1,243,090 | $201.5M | Add +4.0% |
| V Visa Inc. Class A | 0.74% | 723,538 | $198.9M | Add +1.0% |
| HD Home Depot Inc. | 0.72% | 475,434 | $192.6M | Add +11.2% |
| PG The Procter & Gamble Co. | 0.69% | 1,059,739 | $183.5M | Add +13.6% |
| MA Mastercard Inc. Class A | 0.67% | 360,513 | $178.0M | Reduce -4.8% |
| ABBV Abbvie Inc. | 0.67% | 901,128 | $178.0M | Reduce -5.7% |
| XOM Exxon Mobil Corp. | 0.66% | 1,513,488 | $177.4M | Reduce -3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 303,489 | $174.1M | Reduce -6.3% |
| CSCO Cisco Systems Inc. | 0.60% | 3,038,015 | $161.7M | Add +3.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.59% | 713,362 | $157.7M | Reduce -8.1% |
| WMT Walmart Inc. | 0.58% | 1,935,792 | $156.3M | Add +9.1% |
| LLY Eli Lilly & Co. | 0.57% | 170,688 | $151.2M | Reduce -3.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.56% | 3,790,695 | $150.4M | Reduce -8.4% |
| MRK Merck & Co. Inc. | 0.55% | 1,303,335 | $148.0M | Reduce -5.7% |
| NFLX Netflix Inc. | 0.55% | 206,593 | $146.5M | Reduce -7.6% |
| ORCL Oracle Corp. | 0.53% | 832,926 | $141.9M | Reduce -32.8% |
| PLD Prologis Inc. | 0.53% | 1,121,949 | $141.7M | Reduce -3.6% |
| BND Vanguard Total Bond Market | 0.53% | 1,868,718 | $140.4M | Add +15.9% |
| COST Costco Wholesale Corp. | 0.48% | 145,811 | $129.3M | Reduce -15.2% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 208,155 | $128.8M | Add +147.2% |
| CVX Chevron Corp. | 0.46% | 840,473 | $123.8M | Reduce -17.5% |
| QCOM Qualcomm Inc. | 0.43% | 676,690 | $115.1M | Reduce -6.2% |
| WFC Wells Fargo & Co. | 0.42% | 1,991,512 | $112.5M | Reduce -7.1% |
| EQIX Equinix Inc. | 0.42% | 126,590 | $112.4M | Reduce -3.8% |
| PEP Pepsico Inc. | 0.42% | 657,482 | $111.8M | Add +22.1% |
| MCD McDonald's Corp. | 0.40% | 352,028 | $107.2M | Reduce -5.2% |
| AXP American Express Co. | 0.40% | 389,660 | $105.7M | Reduce -6.5% |
| GE General Electric filed as GE AEROSPACE | 0.39% | 554,037 | $104.5M | Reduce -7.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 222,705 | $103.6M | Reduce -6.9% |
| HPE Hewlett Packard Enterprise | 0.37% | 4,887,662 | $100.0M | Add +16.0% |
| AMAT Applied Materials Inc. | 0.37% | 488,916 | $98.8M | Reduce -5.8% |
| MS Morgan Stanley | 0.37% | 937,020 | $97.7M | Reduce -6.8% |
| VZ Verizon Communications Inc. | 0.36% | 2,167,116 | $97.3M | Reduce -5.7% |
| CAT Caterpillar Inc. | 0.36% | 243,773 | $95.3M | Reduce -8.4% |
| PM Philip Morris International | 0.35% | 779,967 | $94.7M | Reduce -5.5% |
| GS Goldman Sachs Group Inc. | 0.35% | 190,074 | $94.1M | Reduce -6.7% |
| CTSH Cognizant Tech Solutions-A | 0.34% | 1,187,850 | $91.7M | Add +3.5% |
| EA Electronic Arts Inc. | 0.34% | 624,758 | $89.6M | Reduce -0.9% |
| ISRG Intuitive Surgical Inc. | 0.33% | 178,161 | $87.5M | Reduce -35.3% |
| KDP Keurig Dr Pepper Inc. | 0.33% | 2,321,391 | $87.0M | Reduce -44.5% |
| KO The Coca-Cola Co. | 0.32% | 1,206,612 | $86.7M | Reduce -9.3% |
| SHW The Sherwin-Williams Co. | 0.32% | 226,651 | $86.5M | Reduce -7.1% |
| AMT American Tower Corp. | 0.32% | 369,261 | $85.9M | Reduce -1.2% |
| PSA Public Storage | 0.32% | 232,949 | $84.8M | Reduce -4.8% |
| AKAM Akamai Technologies Inc. | 0.32% | 837,155 | $84.5M | Add +20.0% |
| FFIV F5 Inc. | 0.31% | 377,387 | $83.1M | Add +7.7% |
| UBER Uber Technologies Inc. | 0.30% | 1,081,802 | $81.3M | Reduce -4.9% |
| COP Conocophillips | 0.30% | 758,086 | $79.8M | Reduce -2.1% |
| UNP Union Pacific Corp. | 0.29% | 317,924 | $78.4M | Reduce -2.9% |
| CCI Crown Castle Inc. | 0.29% | 658,871 | $78.2M | Reduce -4.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.29% | 382,480 | $76.8M | No change |
| ETN Eaton Corp. PLC | 0.27% | 221,104 | $73.3M | Reduce -8.0% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 1,412,387 | $73.1M | Reduce -6.3% |
| TXN Texas Instruments Inc. | 0.27% | 353,456 | $73.0M | Reduce -4.4% |
| HCA HCA Healthcare Inc. | 0.27% | 179,613 | $73.0M | Reduce -7.8% |
| HON Honeywell International Inc. | 0.27% | 352,352 | $72.8M | Reduce -1.1% |
| MU Micron Technology Inc. | 0.27% | 698,399 | $72.4M | Reduce -5.1% |
| SCHW Schwab (charles) Corp. | 0.27% | 1,111,755 | $72.1M | Reduce -1.0% |
| CMG Chipotle Mexican Grill Inc. | 0.26% | 1,196,083 | $68.9M | Add +29.8% |
| CB Chubb Ltd. | 0.24% | 223,759 | $64.5M | Reduce -8.4% |
| EBAY eBay Inc. | 0.24% | 986,165 | $64.2M | Add +27.0% |
| ADP Automatic Data Processing | 0.24% | 231,745 | $64.1M | Reduce -4.9% |
| GILD Gilead Sciences Inc. | 0.24% | 761,854 | $63.9M | Reduce -6.2% |
| ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN | 0.24% | 903,797 | $63.0M | Add +48.1% |
| MTCH Match Group Inc. | 0.23% | 1,659,718 | $62.8M | Add +2732.1% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 848,275 | $62.5M | Reduce -6.3% |
| WELL Welltower Inc. | 0.23% | 470,419 | $60.2M | Add +3.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 752,165 | $59.7M | No change |
| GM General Motors Co. | 0.22% | 1,316,034 | $59.0M | Reduce -1.8% |
| HOLX Hologic Inc. | 0.22% | 719,464 | $58.6M | Reduce -8.1% |
| AMD Advanced Micro Devices | 0.22% | 353,106 | $57.9M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.22% | 210,927 | $57.7M | Reduce -1.6% |
| CI The Cigna Group | 0.21% | 162,640 | $56.3M | Reduce -6.5% |
| KLAC KLA Corp. | 0.21% | 71,240 | $55.2M | Reduce -5.5% |
| TDG Transdigm Group Inc. | 0.20% | 37,280 | $53.2M | Reduce -10.4% |
| PH Parker Hannifin Corp. | 0.20% | 82,911 | $52.4M | Reduce -12.1% |
| CAH Cardinal Health Inc. | 0.20% | 471,711 | $52.1M | Reduce -7.8% |
| T AT&T Inc. | 0.19% | 2,311,350 | $50.8M | Reduce -3.9% |
| ADBE Adobe Inc. | 0.19% | 97,696 | $50.6M | Reduce -1.1% |
| LIN Linde PLC | 0.19% | 105,271 | $50.2M | Reduce -0.7% |
| MTD Mettler-Toledo International | 0.19% | 33,462 | $50.2M | Add +610.5% |
| WM Waste Management Inc. | 0.18% | 238,109 | $49.4M | Reduce -7.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.18% | 174,364 | $49.1M | Reduce -15.3% |
| AFL Aflac Inc. | 0.18% | 434,777 | $48.6M | Reduce -7.2% |
| NOC Northrop Grumman Corp. | 0.18% | 91,696 | $48.4M | Reduce -5.0% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -6.0% | 4.33% | −0.62 |
| NVDA Nvidia Corp. | Reduce -4.0% | 4.06% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -4.9% | 1.27% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -7.0% | 1.04% | −0.23 |
| KDP Keurig Dr Pepper Inc. | Reduce -44.5% | 0.33% | −0.22 |
| JNPR Juniper Networks Inc. | Reduce -95.1% | 0.01% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 2.59% | −0.19 |
| DHR Danaher Corp. | Reduce -57.6% | 0.15% | −0.17 |
| MDT Medtronic PLC | Reduce -68.2% | 0.09% | −0.17 |
| CVX Chevron Corp. | Reduce -17.5% | 0.46% | −0.15 |
| WRK Westrock Co. | Sold out | 0.00% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -35.3% | 0.33% | −0.15 |
| BA The Boeing Co. | Reduce -58.8% | 0.07% | −0.15 |
| ORCL Oracle Corp. | Reduce -32.8% | 0.53% | −0.15 |
| EOG EOG Resources Inc. | Reduce -67.8% | 0.06% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -6.2% | 0.43% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -57.1% | 0.13% | −0.12 |
| PEG Public Service Enterprise GP | Reduce -79.5% | 0.04% | −0.12 |
| PPL PPL Corp. | Reduce -86.5% | 0.02% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -5.7% | 0.55% | −0.11 |
| STZ Constellation Brands Inc. Class A | Reduce -75.3% | 0.03% | −0.11 |
| LULU Lululemon Athletica Inc. | Reduce -77.8% | 0.03% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -5.8% | 0.37% | −0.10 |
| DOV Dover Corp. | Reduce -83.3% | 0.02% | −0.10 |
| MU Micron Technology Inc. | Reduce -5.1% | 0.27% | −0.10 |
| AZO AutoZone Inc. | Reduce -70.8% | 0.04% | −0.10 |
| ED Consolidated Edison Inc. | Reduce -80.0% | 0.03% | −0.10 |
| MO Altria Group Inc. | Reduce -60.6% | 0.07% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -15.2% | 0.48% | −0.08 |
| D Dominion Energy Inc. | Reduce -69.5% | 0.04% | −0.07 |
| BAC Bank of America Corp. | Reduce -8.4% | 0.56% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -7.1% | 0.42% | −0.07 |
| APA Apa Corp. | Reduce -85.0% | 0.01% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -3.1% | 0.57% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -1.0% | 0.27% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -6.9% | 0.39% | −0.05 |
| COP Conocophillips | Reduce -2.1% | 0.30% | −0.04 |
| NOV Nov Inc. | Reduce -50.3% | 0.03% | −0.04 |
| DINO HF Sinclair Corp. | Reduce -42.1% | 0.03% | −0.04 |
| NFLX Netflix Inc. | Reduce -7.6% | 0.55% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -3.5% | 0.66% | −0.03 |
| KLAC KLA Corp. | Reduce -5.5% | 0.21% | −0.03 |
| OPCH Option Care Health Inc. | Reduce -61.3% | 0.02% | −0.03 |
| ERIE Erie Indemnity Company Class A | Reduce -82.1% | 0.01% | −0.03 |
| LRCX Lam Research Corp. | Reduce -0.8% | 0.09% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -7.8% | 0.16% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.3% | 0.65% | −0.03 |
| SIGI Selective Insurance Group | Reduce -51.8% | 0.03% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 0.76% | −0.03 |
| ALE Allete Inc. | Reduce -62.0% | 0.02% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| TMO Thermo Fisher Scientific Inc. | Add +147.2% | 0.48% | +0.30 |
| MTCH Match Group Inc. | Add +2732.1% | 0.23% | +0.23 |
| MTD Mettler-Toledo International | Add +610.5% | 0.19% | +0.16 |
| HD Home Depot Inc. | Add +11.2% | 0.72% | +0.15 |
| SW Smurfit Westrock PLC | New | 0.14% | +0.14 |
| WEC WEC Energy Group Inc. | Add +518.8% | 0.16% | +0.13 |
| WMT Walmart Inc. | Add +9.1% | 0.58% | +0.12 |
| URI United Rentals Inc. | Add +250.7% | 0.16% | +0.12 |
| HWM Howmet Aerospace Inc. | Add +332.6% | 0.14% | +0.11 |
| KMI Kinder Morgan Inc. | Add +295.2% | 0.14% | +0.11 |
| ES Eversource Energy | Add +518.1% | 0.12% | +0.11 |
| ROST Ross Stores Inc. | Add +251.7% | 0.15% | +0.10 |
| NI Nisource Inc. | Add +793.3% | 0.11% | +0.10 |
| HES Hess Corp. | Add +330.3% | 0.13% | +0.10 |
| DECK Deckers Outdoor Corp. | Add +488.1% | 0.12% | +0.10 |
| ZM Zoom Communications Inc. | Add +48.1% | 0.24% | +0.10 |
| PG The Procter & Gamble Co. | Add +13.6% | 0.69% | +0.09 |
| LNT Alliant Energy Corp. | Add +698.3% | 0.10% | +0.09 |
| AVTR Avantor Inc. | New | 0.08% | +0.08 |
| EBAY eBay Inc. | Add +27.0% | 0.24% | +0.08 |
| JNJ Johnson & Johnson | Add +4.0% | 0.75% | +0.08 |
| FFIV F5 Inc. | Add +7.7% | 0.31% | +0.08 |
| BND Vanguard Total Bond Market | Add +15.9% | 0.53% | +0.08 |
| PEP Pepsico Inc. | Add +22.1% | 0.42% | +0.07 |
| AKAM Akamai Technologies Inc. | Add +20.0% | 0.32% | +0.07 |
| DOCS Doximity Inc. Class A | Add +254.3% | 0.09% | +0.07 |
| CSCO Cisco Systems Inc. | Add +3.8% | 0.60% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| CNH CNH Industrial NV | New | 0.05% | +0.05 |
| VNOM Viper Energy Inc. | New | 0.05% | +0.05 |
| THC Tenet Healthcare Corp. | Add +46.6% | 0.11% | +0.05 |
| WAL Western Alliance Bancorp | New | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +3.7% | 0.23% | +0.04 |
| CTSH Cognizant Tech Solutions-A | Add +3.5% | 0.34% | +0.04 |
| LAD Lithia Motors Inc. | Add +46.9% | 0.09% | +0.04 |
| FN Fabrinet | New | 0.04% | +0.04 |
| SRCL Stericycle Inc. | Add +142.3% | 0.06% | +0.04 |
| CMG Chipotle Mexican Grill Inc. | Add +29.8% | 0.26% | +0.03 |
| ANF Abercrombie & Fitch Co. Class A | New | 0.03% | +0.03 |
| HLNE Hamilton Lane Inc. Class A | New | 0.03% | +0.03 |
| AN Autonation Inc. | Add +142.2% | 0.05% | +0.03 |
| HPE Hewlett Packard Enterprise | Add +16.0% | 0.37% | +0.03 |
| DELL Dell Technologies -C | New | 0.03% | +0.03 |
| AAL American Airlines Group Inc. | Add +451.2% | 0.03% | +0.03 |
| O Realty Income Corp. | Add +2.3% | 0.16% | +0.03 |
| FBIN Fortune Brands Innovations I | Add +0.5% | 0.10% | +0.03 |
| EXEL Exelixis Inc. | Add +24.6% | 0.09% | +0.02 |
| BIO Bio-Rad Laboratories-A | Add +416.9% | 0.03% | +0.02 |
| FND Floor & Decor Holdings Inc. Class A | Add +20.0% | 0.07% | +0.02 |
| PSN Parsons Corp. | New | 0.02% | +0.02 |
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 |