Retirement Systems of Alabama
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Retirement Systems of Alabama reported 941 stock positions worth $26.9 billion. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Microsoft (MSFT, 4.2%). Compared with Q3 2024, it opened 11 new positions, sold out of 14, added to 327 and reduced 582. The biggest buy was Broadcom (AVGO, shares +0%) and the biggest sale Vertex Pharmaceuticals (VRTX, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $26.9B (Q4 2024)
- SEC Filing
- 0001140361-25-001981 ↗ filed Jan 27, 2025
Holdings Value
Holdings 941 stocks · $26.9B
| AAPL Apple Inc. | 4.96% | 5,334,771 | $1.3B | Reduce -0.6% |
| NVDA Nvidia Corp. | 4.41% | 8,855,812 | $1.2B | Reduce -0.8% |
| MSFT Microsoft Corp. | 4.20% | 2,686,432 | $1.1B | Reduce -0.2% |
| AMZN Amazon.com Inc. | 3.01% | 3,696,502 | $811.0M | Reduce -0.4% |
| AVGO Broadcom Inc. | 1.91% | 2,222,217 | $515.2M | Add +0.2% |
| META Meta Platforms Inc. Class A | 1.53% | 705,009 | $412.8M | Reduce -1.8% |
| IEMG iShares Core MSCI Emerging | 1.47% | 7,584,431 | $396.1M | No change |
| GOOGL Alphabet Inc. Class A | 1.42% | 2,028,141 | $383.9M | Reduce -0.9% |
| EEM iShares MSCI Emerging Market | 1.42% | 9,142,425 | $382.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.26% | 747,649 | $338.9M | Reduce -0.6% |
| DFAE Dimensional Emerging Core Eq | 1.19% | 12,668,769 | $321.4M | No change |
| TSLA Tesla Inc. | 1.19% | 793,566 | $320.5M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 1.16% | 1,636,868 | $311.7M | Reduce -1.4% |
| V Visa Inc. Class A | 0.88% | 746,436 | $235.9M | Add +3.2% |
| JPM JPMorgan Chase & Co. | 0.85% | 956,365 | $229.3M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 0.70% | 358,154 | $188.6M | Reduce -0.7% |
| NFLX Netflix Inc. | 0.68% | 204,404 | $182.2M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.67% | 1,242,909 | $179.7M | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 0.66% | 3,018,361 | $178.7M | Reduce -0.7% |
| WMT Walmart Inc. | 0.66% | 1,968,934 | $177.9M | Add +1.7% |
| BND Vanguard Total Bond Market | 0.65% | 2,446,596 | $175.9M | Add +30.9% |
| PG The Procter & Gamble Co. | 0.64% | 1,031,597 | $172.9M | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.64% | 293,987 | $172.3M | Reduce -3.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 3,763,594 | $165.4M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.59% | 899,829 | $159.9M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 0.59% | 1,480,184 | $159.2M | Reduce -2.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.58% | 712,574 | $156.6M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.58% | 309,455 | $156.5M | Reduce -20.6% |
| ORCL Oracle Corp. | 0.52% | 835,464 | $139.2M | Add +0.3% |
| WFC Wells Fargo & Co. | 0.52% | 1,977,835 | $138.9M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.49% | 170,596 | $131.7M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.48% | 1,300,726 | $129.4M | Reduce -0.2% |
| HD Home Depot Inc. | 0.48% | 329,818 | $128.3M | Reduce -30.6% |
| CVX Chevron Corp. | 0.48% | 885,112 | $128.2M | Add +5.3% |
| COST Costco Wholesale Corp. | 0.47% | 139,350 | $127.7M | Reduce -4.4% |
| EQIX Equinix Inc. | 0.44% | 127,106 | $119.8M | Add +0.4% |
| PLD Prologis Inc. | 0.44% | 1,122,959 | $118.7M | Add +0.1% |
| MS Morgan Stanley | 0.44% | 934,800 | $117.5M | Reduce -0.2% |
| AXP American Express Co. | 0.43% | 386,773 | $114.8M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.42% | 1,812,940 | $112.9M | Add +50.3% |
| GS Goldman Sachs Group Inc. | 0.40% | 189,179 | $108.3M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.40% | 207,953 | $108.2M | Reduce -0.1% |
| PM Philip Morris International | 0.39% | 878,832 | $105.8M | Add +12.7% |
| QCOM Qualcomm Inc. | 0.38% | 674,549 | $103.6M | Reduce -0.3% |
| CTSH Cognizant Tech Solutions-A | 0.35% | 1,219,380 | $93.8M | Add +2.6% |
| ISRG Intuitive Surgical Inc. | 0.34% | 177,207 | $92.5M | Reduce -0.5% |
| GILD Gilead Sciences Inc. | 0.34% | 998,307 | $92.2M | Add +31.0% |
| HPE Hewlett Packard Enterprise | 0.34% | 4,305,251 | $91.9M | Reduce -11.9% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 549,818 | $91.7M | Reduce -0.8% |
| FFIV F5 Inc. | 0.33% | 356,203 | $89.6M | Reduce -5.6% |
| COP Conocophillips | 0.33% | 888,703 | $88.1M | Add +17.2% |
| CAT Caterpillar Inc. | 0.33% | 242,593 | $88.0M | Reduce -0.5% |
| AKAM Akamai Technologies Inc. | 0.32% | 911,528 | $87.2M | Add +8.9% |
| SCHW Schwab (charles) Corp. | 0.32% | 1,173,108 | $86.8M | Add +5.5% |
| VZ Verizon Communications Inc. | 0.32% | 2,163,401 | $86.5M | Reduce -0.2% |
| BKNG Booking Holdings Inc. | 0.31% | 16,904 | $84.0M | Add +131.9% |
| EA Electronic Arts Inc. | 0.31% | 572,941 | $83.8M | Reduce -8.3% |
| BMY Bristol-Myers Squibb Co. | 0.30% | 1,407,661 | $79.6M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.29% | 485,625 | $79.0M | Reduce -0.7% |
| SHW The Sherwin-Williams Co. | 0.29% | 226,233 | $76.9M | Reduce -0.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 382,480 | $75.8M | No change |
| KDP Keurig Dr Pepper Inc. | 0.28% | 2,333,563 | $75.0M | Add +0.5% |
| UNP Union Pacific Corp. | 0.28% | 328,086 | $74.8M | Add +3.2% |
| LOW Lowe's Cos Inc. | 0.28% | 301,891 | $74.5M | Add +143.7% |
| ETN Eaton Corp. PLC | 0.27% | 222,024 | $73.7M | Add +0.4% |
| SBUX Starbucks Corp. | 0.27% | 791,931 | $72.3M | Add +224.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 597,794 | $72.2M | Add +143.1% |
| GM General Motors Co. | 0.26% | 1,316,264 | $70.1M | Add +0.0% |
| PSA Public Storage | 0.26% | 232,968 | $69.8M | Add +0.0% |
| CRM Salesforce Inc. | 0.26% | 206,982 | $69.2M | Reduce -1.9% |
| AMT American Tower Corp. | 0.25% | 371,295 | $68.1M | Add +0.6% |
| ADP Automatic Data Processing | 0.25% | 231,341 | $67.7M | Reduce -0.2% |
| UBER Uber Technologies Inc. | 0.25% | 1,107,558 | $66.8M | Add +2.4% |
| CMG Chipotle Mexican Grill Inc. | 0.24% | 1,094,754 | $66.0M | Reduce -8.5% |
| TXN Texas Instruments Inc. | 0.24% | 351,715 | $66.0M | Reduce -0.5% |
| MTCH Match Group Inc. | 0.24% | 1,939,394 | $63.4M | Add +16.9% |
| CB Chubb Ltd. | 0.23% | 222,700 | $61.5M | Reduce -0.5% |
| EBAY eBay Inc. | 0.23% | 982,081 | $60.8M | Reduce -0.4% |
| TDG Transdigm Group Inc. | 0.22% | 47,395 | $60.1M | Add +27.1% |
| CCI Crown Castle Inc. | 0.22% | 660,156 | $59.9M | Add +0.2% |
| WELL Welltower Inc. | 0.22% | 462,742 | $58.3M | Reduce -1.6% |
| MU Micron Technology Inc. | 0.22% | 689,242 | $58.0M | Reduce -1.3% |
| ZM Zoom Communications Inc. | 0.21% | 704,226 | $57.5M | Reduce -22.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 726,015 | $56.6M | Reduce -3.5% |
| GEV GE Vernova Inc. | 0.21% | 170,957 | $56.2M | Add +176.2% |
| CAH Cardinal Health Inc. | 0.21% | 471,052 | $55.7M | Reduce -0.1% |
| HUM Humana Inc. | 0.21% | 219,002 | $55.6M | Add +735.9% |
| HCA HCA Healthcare Inc. | 0.20% | 178,478 | $53.6M | Reduce -0.6% |
| PH Parker Hannifin Corp. | 0.20% | 84,195 | $53.6M | Add +1.6% |
| T AT&T Inc. | 0.19% | 2,306,228 | $52.5M | Reduce -0.2% |
| EMR Emerson Electric Co. | 0.19% | 421,982 | $52.3M | Add +1.4% |
| HOLX Hologic Inc. | 0.19% | 719,009 | $51.8M | Reduce -0.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.19% | 181,269 | $51.5M | Add +4.0% |
| MDLZ Mondelez International Inc. Class A | 0.19% | 846,945 | $50.6M | Reduce -0.2% |
| AFL Aflac Inc. | 0.18% | 481,994 | $49.9M | Add +10.9% |
| PKG Packaging Corp. of America | 0.18% | 218,535 | $49.2M | Reduce -0.1% |
| WM Waste Management Inc. | 0.18% | 237,228 | $47.9M | Reduce -0.4% |
| ACN Accenture PLC Class A | 0.18% | 135,288 | $47.6M | Reduce -0.9% |
| ITW Illinois Tool Works | 0.18% | 186,781 | $47.4M | Add +1.4% |
| NOW ServiceNow Inc. | 0.18% | 44,601 | $47.3M | Reduce -0.6% |
Portfolio Sells Q3 2024 → Q4 2024
| VRTX Vertex Pharmaceuticals Inc. | Reduce -75.0% | 0.08% | −0.30 |
| UNH Unitedhealth Group Inc. | Reduce -20.6% | 0.58% | −0.27 |
| PEP Pepsico Inc. | Reduce -54.8% | 0.17% | −0.25 |
| HD Home Depot Inc. | Reduce -30.6% | 0.48% | −0.24 |
| MCD McDonald's Corp. | Reduce -55.9% | 0.17% | −0.23 |
| HON Honeywell International Inc. | Reduce -60.0% | 0.12% | −0.15 |
| MSFT Microsoft Corp. | Reduce -0.2% | 4.20% | −0.13 |
| MPC Marathon Petroleum Corp. | Reduce -72.8% | 0.04% | −0.12 |
| ABNB Airbnb Inc. Class A | Reduce -72.5% | 0.05% | −0.12 |
| MNST Monster Beverage Corp. | Reduce -78.7% | 0.03% | −0.11 |
| LII Lennox International Inc. | Reduce -86.5% | 0.02% | −0.10 |
| JNJ Johnson & Johnson | Reduce -0.0% | 0.67% | −0.09 |
| UAL United Airlines Holdings Inc. | Reduce -86.0% | 0.03% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.1% | 0.40% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.49% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -0.7% | 0.29% | −0.08 |
| HCA HCA Healthcare Inc. | Reduce -0.6% | 0.20% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -0.2% | 0.48% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -2.2% | 0.59% | −0.07 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.59% | −0.07 |
| ORLY O'reilly Automotive Inc. | Reduce -57.5% | 0.06% | −0.07 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.06 |
| AMD Advanced Micro Devices | Reduce -0.5% | 0.16% | −0.06 |
| TPL Texas Pacific Land Corp. | Reduce -82.2% | 0.02% | −0.06 |
| MU Micron Technology Inc. | Reduce -1.3% | 0.22% | −0.06 |
| GE General Electric | Reduce -0.8% | 0.34% | −0.05 |
| CE Celanese Corp. | Reduce -0.1% | 0.05% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.2% | 0.19% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -0.3% | 0.38% | −0.05 |
| CI The Cigna Group | Reduce -0.5% | 0.17% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.64% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -0.2% | 0.32% | −0.04 |
| KLAC KLA Corp. | Reduce -0.8% | 0.17% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -0.2% | 0.29% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.26% | −0.04 |
| CNC Centene Corp. | Reduce -0.9% | 0.14% | −0.04 |
| MTD Mettler-Toledo International | Reduce -0.2% | 0.15% | −0.04 |
| HAE Haemonetics Corp. | Reduce -65.6% | 0.02% | −0.04 |
| LEA Lear Corp. | Reduce -54.2% | 0.02% | −0.04 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.04 |
| BC Brunswick Corp. | Reduce -53.7% | 0.02% | −0.04 |
| CSL Carlisle Cos Inc. | Reduce -1.1% | 0.14% | −0.03 |
| HPE Hewlett Packard Enterprise | Reduce -11.9% | 0.34% | −0.03 |
| ADBE Adobe Inc. | Reduce -2.5% | 0.16% | −0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -1.6% | 0.06% | −0.03 |
| CAT Caterpillar Inc. | Reduce -0.5% | 0.33% | −0.03 |
| PHM Pultegroup Inc. | Reduce -0.4% | 0.09% | −0.03 |
| ELV Elevance Health Inc. | Reduce -0.7% | 0.07% | −0.03 |
| AMGN Amgen Inc. | Reduce -0.7% | 0.11% | −0.03 |
| FBIN Fortune Brands Innovations I | Reduce -5.3% | 0.07% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +0.2% | 1.91% | +0.48 |
| BKNG Booking Holdings Inc. | Add +131.9% | 0.31% | +0.20 |
| SBUX Starbucks Corp. | Add +224.6% | 0.27% | +0.18 |
| HUM Humana Inc. | Add +735.9% | 0.21% | +0.18 |
| TJX TJX Companies Inc. | Add +143.1% | 0.27% | +0.16 |
| LOW Lowe's Cos Inc. | Add +143.7% | 0.28% | +0.15 |
| GEV GE Vernova Inc. | Add +176.2% | 0.21% | +0.15 |
| V Visa Inc. Class A | Add +3.2% | 0.88% | +0.13 |
| BND Vanguard Total Bond Market | Add +30.9% | 0.65% | +0.13 |
| DOCU Docusign Inc. | Add +219.3% | 0.16% | +0.12 |
| DAL Delta Air Lines Inc. | Add +325.7% | 0.13% | +0.11 |
| NTAP Netapp Inc. | Add +546.8% | 0.12% | +0.10 |
| GILD Gilead Sciences Inc. | Add +31.0% | 0.34% | +0.10 |
| KMB Kimberly-Clark Corp. | Add +293.9% | 0.14% | +0.10 |
| KO The Coca-Cola Co. | Add +50.3% | 0.42% | +0.09 |
| BIIB Biogen Inc. | Add +491.9% | 0.11% | +0.08 |
| WMT Walmart Inc. | Add +1.7% | 0.66% | +0.08 |
| EXE Expand Energy Corp. | Add +49.5% | 0.17% | +0.07 |
| FLEX Flex Ltd. | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +0.8% | 0.12% | +0.06 |
| APO Apollo Global Management Inc. | New | 0.06% | +0.06 |
| CHWY Chewy Inc. Class A | New | 0.06% | +0.06 |
| SFM Sprouts Farmers Market Inc. | Add +79.7% | 0.10% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +5.5% | 0.32% | +0.05 |
| GMED Globus Medical Inc. Class A | Add +107.5% | 0.09% | +0.05 |
| ANF Abercrombie & Fitch Co. Class A | Add +132.1% | 0.08% | +0.05 |
| USFD US Foods Holding Corp. | Add +45.1% | 0.13% | +0.05 |
| FIX Comfort Systems USA Inc. | Add +45.3% | 0.12% | +0.04 |
| WDAY Workday Inc. Class A | New | 0.04% | +0.04 |
| MLI Mueller Industries Inc. | New | 0.04% | +0.04 |
| RBA RB Global Inc. | Add +35.0% | 0.13% | +0.04 |
| GTM Zoominfo Technologies Inc. | Add +304.5% | 0.06% | +0.04 |
| GM General Motors Co. | Add +0.0% | 0.26% | +0.04 |
| IPGP Ipg Photonics Corp. | Add +437.2% | 0.05% | +0.04 |
| PM Philip Morris International | Add +12.7% | 0.39% | +0.04 |
| CRS Carpenter Technology | New | 0.04% | +0.04 |
| CMA Comerica Inc. | New | 0.04% | +0.04 |
| BILL Bill Holdings Inc. | New | 0.04% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +0.1% | 0.17% | +0.04 |
| ENSG The Ensign Group Inc. | New | 0.03% | +0.03 |
| BA The Boeing Co. | Add +26.5% | 0.11% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +0.2% | 0.16% | +0.03 |
| VNT Vontier Corp. | Add +42.1% | 0.10% | +0.03 |
| MTDR Matador Resources Co. | Add +99.6% | 0.06% | +0.03 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.03% | +0.03 |
| JEF Jefferies Financial Group Inc. | Add +0.0% | 0.14% | +0.03 |
| WTS Watts Water Technologies-A | Add +122.9% | 0.06% | +0.03 |
| LNTH Lantheus Holdings Inc. | Add +128.9% | 0.06% | +0.03 |
| COP Conocophillips | Add +17.2% | 0.33% | +0.03 |
| YETI Yeti Holdings Inc. | Add +190.3% | 0.04% | +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 |