Retirement Systems of Alabama
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Retirement Systems of Alabama reported 947 stock positions worth $30.0 billion. Its top holding was Nvidia (NVDA) at 5.1% of the portfolio, followed by Apple (AAPL, 4.4%) and Microsoft (MSFT, 3.2%). Compared with Q4 2025, it opened 19 new positions, sold out of 15, added to 412 and reduced 495. The biggest buy was Costco Wholesale (COST, shares +20%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MONTGOMERY, AL
- CIK
- 0001593051
- Portfolio Value
- $30.0B (Q1 2026)
- SEC Filing
- 0001140361-26-016605 ↗ filed Apr 24, 2026
Holdings Value
Holdings 947 stocks · $30.0B
| NVDA Nvidia Corp. | 5.15% | 8,849,634 | $1.5B | Reduce -0.1% |
| AAPL Apple Inc. | 4.40% | 5,194,467 | $1.3B | Reduce -0.5% |
| MSFT Microsoft Corp. | 3.20% | 2,587,515 | $957.8M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 2.77% | 3,984,816 | $829.9M | Add +6.5% |
| AVGO Broadcom Inc. | 2.18% | 2,108,623 | $652.6M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 1.90% | 1,977,290 | $568.6M | Reduce -0.1% |
| IEMG iShares Core MSCI Emerging | 1.76% | 7,584,431 | $529.0M | No change |
| EEM iShares MSCI Emerging Market | 1.73% | 9,131,302 | $518.6M | No change |
| GOOG Alphabet Inc. Class C | 1.51% | 1,582,306 | $453.9M | Add +0.3% |
| DFAE Dimensional Emerging Core Eq | 1.43% | 12,668,769 | $429.0M | No change |
| META Meta Platforms Inc. Class A | 1.34% | 703,972 | $402.8M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 741,297 | $355.2M | Reduce -0.1% |
| TSLA Tesla Inc. | 1.00% | 805,811 | $299.6M | Add +7.1% |
| JNJ Johnson & Johnson | 0.99% | 1,212,811 | $296.5M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 0.86% | 875,631 | $257.6M | Reduce -7.1% |
| XOM Exxon Mobil Corp. | 0.79% | 1,401,008 | $237.7M | Reduce -0.7% |
| CVX Chevron Corp. | 0.79% | 1,145,808 | $237.1M | Reduce -0.4% |
| BND Vanguard Total Bond Market | 0.79% | 3,215,296 | $236.8M | Add +7.1% |
| V Visa Inc. Class A | 0.74% | 735,983 | $222.4M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.71% | 2,743,786 | $212.9M | Add +0.0% |
| WMT Walmart Inc. | 0.68% | 1,638,203 | $203.6M | Reduce -6.8% |
| COST Costco Wholesale Corp. | 0.65% | 194,445 | $193.8M | Add +19.7% |
| VOO Vanguard S&P 500 ETF | 0.63% | 317,375 | $189.6M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 0.60% | 362,562 | $181.2M | Reduce -0.4% |
| ABBV Abbvie Inc. | 0.58% | 794,570 | $172.8M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.55% | 232,928 | $165.0M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 3,384,831 | $165.0M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.54% | 669,096 | $162.2M | Reduce -0.1% |
| AMAT Applied Materials Inc. | 0.53% | 466,913 | $159.6M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.52% | 168,279 | $154.8M | Reduce -0.4% |
| GE General Electric filed as GE AEROSPACE | 0.50% | 529,207 | $150.2M | Reduce -0.3% |
| MU Micron Technology Inc. | 0.50% | 440,887 | $148.9M | Add +0.1% |
| HD Home Depot Inc. | 0.49% | 446,570 | $146.9M | Add +38.2% |
| PLD Prologis Inc. | 0.48% | 1,091,705 | $144.3M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 0.48% | 169,140 | $143.1M | Reduce -2.1% |
| EQIX Equinix Inc. | 0.47% | 144,203 | $141.4M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.46% | 1,821,823 | $138.5M | Reduce -0.1% |
| PM Philip Morris International | 0.46% | 836,624 | $138.3M | Reduce -0.1% |
| WFC Wells Fargo & Co. | 0.44% | 1,668,002 | $132.8M | Reduce -4.8% |
| CRM Salesforce Inc. | 0.44% | 705,994 | $131.8M | Add +2.6% |
| MS Morgan Stanley | 0.43% | 789,590 | $129.9M | Reduce -2.4% |
| NFLX Netflix Inc. | 0.43% | 1,332,620 | $128.1M | Reduce -0.4% |
| C Citigroup Inc. | 0.41% | 1,086,502 | $123.2M | Reduce -0.9% |
| AMGN Amgen Inc. | 0.40% | 344,265 | $121.1M | Reduce -0.1% |
| AXP American Express Co. | 0.38% | 372,457 | $112.7M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.36% | 747,130 | $107.9M | Reduce -25.6% |
| SCHW Schwab (charles) Corp. | 0.35% | 1,131,480 | $106.3M | Reduce -0.1% |
| WELL Welltower Inc. | 0.35% | 537,291 | $106.2M | Add +1.5% |
| VZ Verizon Communications Inc. | 0.35% | 2,111,750 | $106.0M | Reduce -0.1% |
| HPE Hewlett Packard Enterprise | 0.34% | 4,283,127 | $102.0M | Add +5.2% |
| KLAC KLA Corp. | 0.34% | 68,386 | $100.7M | Reduce -0.2% |
| BKNG Booking Holdings Inc. | 0.33% | 23,604 | $99.4M | Add +23.7% |
| REGN Regeneron Pharmaceuticals | 0.33% | 128,285 | $99.1M | Reduce -0.0% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 201,354 | $99.0M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.33% | 3,474,970 | $97.6M | Reduce -0.1% |
| COP Conocophillips | 0.32% | 730,650 | $96.4M | Reduce -0.4% |
| AKAM Akamai Technologies Inc. | 0.32% | 839,359 | $96.4M | Reduce -28.0% |
| ISRG Intuitive Surgical Inc. | 0.32% | 207,944 | $95.9M | Add +0.0% |
| HWM Howmet Aerospace Inc. | 0.32% | 410,282 | $94.6M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 965,483 | $93.1M | Add +154.2% |
| CTSH Cognizant Tech Solutions-A | 0.30% | 1,468,085 | $90.1M | Add +11.0% |
| EBAY eBay Inc. | 0.30% | 971,884 | $88.5M | Reduce -0.0% |
| NOC Northrop Grumman Corp. | 0.29% | 128,892 | $87.9M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.29% | 359,486 | $87.4M | Add +9.4% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 1,407,986 | $85.4M | Reduce -0.0% |
| CB Chubb Ltd. | 0.28% | 256,631 | $83.6M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 0.28% | 648,194 | $83.5M | Reduce -0.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 382,480 | $83.1M | No change |
| HCA HCA Healthcare Inc. | 0.28% | 175,236 | $82.9M | Reduce -0.4% |
| NTAP Netapp Inc. | 0.27% | 782,954 | $80.2M | Reduce -0.1% |
| CAH Cardinal Health Inc. | 0.27% | 377,323 | $79.7M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 0.26% | 1,070,118 | $77.0M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.26% | 317,224 | $77.0M | Reduce -0.1% |
| CMCSA Comcast Corp. Class A | 0.25% | 2,651,724 | $76.1M | Add +6.5% |
| VGIT Vanguard Intermediate-Term T | 0.25% | 1,275,570 | $76.0M | Add +0.5% |
| PH Parker Hannifin Corp. | 0.24% | 81,527 | $73.0M | Reduce -0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 485,095 | $71.0M | Reduce -0.2% |
| AMD Advanced Micro Devices | 0.23% | 346,231 | $70.4M | Reduce -0.0% |
| VTR Ventas Inc. | 0.23% | 853,037 | $69.8M | Add +0.4% |
| ETR Entergy Corp. | 0.22% | 593,743 | $66.7M | Add +0.2% |
| JCI Johnson Controls Internation | 0.22% | 509,212 | $66.7M | Reduce -0.0% |
| TXN Texas Instruments Inc. | 0.22% | 342,533 | $66.5M | Reduce -0.2% |
| YUM Yum! Brands Inc. | 0.22% | 424,451 | $66.0M | Add +22.2% |
| T AT&T Inc. | 0.21% | 2,217,821 | $64.3M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.21% | 527,079 | $63.4M | Reduce -0.2% |
| CTVA Corteva Inc. | 0.21% | 756,815 | $63.4M | Reduce -0.1% |
| CVS CVS Health Corp. | 0.21% | 876,722 | $63.0M | Add +0.0% |
| PEP Pepsico Inc. | 0.21% | 403,620 | $62.7M | Reduce -0.2% |
| KDP Keurig Dr Pepper Inc. | 0.21% | 2,378,308 | $62.6M | Reduce -0.0% |
| AMT American Tower Corp. | 0.21% | 360,489 | $62.2M | Reduce -0.2% |
| ZM Zoom Communications Inc. | 0.20% | 758,533 | $61.0M | Add +7.7% |
| MTCH Match Group Inc. | 0.20% | 1,970,207 | $60.5M | Reduce -2.5% |
| NKE Nike Inc. Class B | 0.20% | 1,130,399 | $59.7M | Add +0.0% |
| CW Curtiss-Wright Corp. | 0.20% | 86,971 | $59.2M | Add +1.1% |
| GM General Motors Co. | 0.20% | 790,540 | $58.9M | Reduce -19.1% |
| UTHR United Therapeutics Corp. | 0.19% | 98,378 | $58.3M | Add +1.1% |
| CCI Crown Castle Inc. | 0.19% | 700,293 | $56.9M | Reduce -0.1% |
| LRCX Lam Research Corp. | 0.19% | 265,187 | $56.7M | Reduce -0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.19% | 705,675 | $55.9M | Add +6.6% |
| RTX RTX Corp. | 0.18% | 285,047 | $55.0M | Reduce -0.1% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -1.5% | 3.20% | −0.93 |
| NVDA Nvidia Corp. | Reduce -0.1% | 5.15% | −0.22 |
| AAPL Apple Inc. | Reduce -0.5% | 4.40% | −0.21 |
| TJX TJX Companies Inc. | Reduce -61.2% | 0.13% | −0.18 |
| WBD Warner Bros Discovery Inc. | Reduce -76.7% | 0.05% | −0.16 |
| HUM Humana Inc. | Reduce -88.0% | 0.01% | −0.16 |
| SBUX Starbucks Corp. | Reduce -70.5% | 0.07% | −0.15 |
| LOW Lowe's Cos Inc. | Reduce -61.6% | 0.09% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -7.1% | 0.86% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.90% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -25.6% | 0.36% | −0.11 |
| IBM Intl Business Machines Corp. | Reduce -0.1% | 0.54% | −0.10 |
| FOXA Fox Corp. Class A | Reduce -90.7% | 0.01% | −0.10 |
| V Visa Inc. Class A | Reduce -0.3% | 0.74% | −0.10 |
| CIEN Ciena Corp. | Reduce -82.3% | 0.04% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -4.8% | 0.44% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -0.2% | 0.28% | −0.08 |
| COHR Coherent Corp. | Reduce -78.9% | 0.03% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -0.4% | 0.52% | −0.07 |
| AXP American Express Co. | Reduce -0.1% | 0.38% | −0.07 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 0.60% | −0.07 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.07 |
| LITE Lumentum Holdings Inc. | Reduce -82.2% | 0.04% | −0.07 |
| GM General Motors Co. | Reduce -19.1% | 0.20% | −0.06 |
| BAC Bank of America Corp. | Reduce -0.6% | 0.55% | −0.06 |
| APP AppLovin Corp. Class A | Reduce -0.1% | 0.08% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.1% | 0.33% | −0.05 |
| ECHO Echostar Corp. Class A | Reduce -82.3% | 0.01% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -4.6% | 0.63% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.2% | 0.24% | −0.04 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -0.4% | 0.09% | −0.04 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.04 |
| ADP Automatic Data Processing | Reduce -0.2% | 0.15% | −0.04 |
| ATR Aptargroup Inc. | Reduce -54.5% | 0.03% | −0.04 |
| MS Morgan Stanley | Reduce -2.4% | 0.43% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.17% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -0.1% | 0.07% | −0.03 |
| CADE Cadence Bank | Sold out | 0.00% | −0.03 |
| SMG Scotts Miracle-Gro Co. | Reduce -74.8% | 0.01% | −0.03 |
| GE General Electric | Reduce -0.3% | 0.50% | −0.03 |
| RPM RPM International Inc. | Reduce -34.2% | 0.05% | −0.03 |
| ACN Accenture PLC Class A | Reduce -0.9% | 0.09% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -0.5% | 0.26% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 1.19% | −0.03 |
| COF Capital One Financial Corp. | Reduce -1.9% | 0.08% | −0.03 |
| DOCS Doximity Inc. Class A | Reduce -0.2% | 0.03% | −0.03 |
| GTM Zoominfo Technologies Inc. | Reduce -23.2% | 0.02% | −0.03 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -14.0% | 0.16% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| COST Costco Wholesale Corp. | Add +19.7% | 0.65% | +0.19 |
| DIS The Walt Disney Co. | Add +154.2% | 0.31% | +0.17 |
| HD Home Depot Inc. | Add +38.2% | 0.49% | +0.13 |
| LHX L3HARRIS Technologies Inc. | Add +247.0% | 0.16% | +0.12 |
| PNFP Pinnacle Financial Partners | New | 0.12% | +0.12 |
| AZO AutoZone Inc. | Add +267.0% | 0.15% | +0.11 |
| KEY Keycorp | Add +746.3% | 0.11% | +0.10 |
| MU Micron Technology Inc. | Add +0.1% | 0.50% | +0.09 |
| BND Vanguard Total Bond Market | Add +7.1% | 0.79% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.07% | +0.07 |
| AHR American Healthcare REIT Inc. | New | 0.07% | +0.07 |
| AA Alcoa Corp. | Add +72.5% | 0.12% | +0.07 |
| APG Api Group Corp. | Add +81.8% | 0.11% | +0.05 |
| AEIS Advanced Energy Industries | New | 0.05% | +0.05 |
| YUM Yum! Brands Inc. | Add +22.2% | 0.22% | +0.05 |
| SOLS Solstice Adv Materials Inc. | New | 0.05% | +0.05 |
| XPO Xpo Inc. | Add +1.3% | 0.14% | +0.05 |
| ETR Entergy Corp. | Add +0.2% | 0.22% | +0.04 |
| FTI Technipfmc PLC | Add +2.1% | 0.11% | +0.04 |
| CW Curtiss-Wright Corp. | Add +1.1% | 0.20% | +0.04 |
| SNDK Sandisk Corp. | Add +5.8% | 0.07% | +0.04 |
| CXT Crane NXT Co. | Add +549.9% | 0.05% | +0.04 |
| TTMI TTM Technologies | New | 0.04% | +0.04 |
| UTHR United Therapeutics Corp. | Add +1.1% | 0.19% | +0.04 |
| MKSI MKS Inc. | Add +1.1% | 0.12% | +0.04 |
| CASY Casey's General Stores Inc. | Add +1.5% | 0.14% | +0.04 |
| ATI Ati Inc. | Add +1.1% | 0.15% | +0.04 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| OLN Olin Corp. | Add +230.4% | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +1.5% | 0.35% | +0.04 |
| VGSH Vanguard Short-Term Treasury | Add +108.5% | 0.07% | +0.03 |
| MOG.A Moog Inc. Class A | New | 0.03% | +0.03 |
| CTRE Caretrust REIT Inc. | New | 0.03% | +0.03 |
| INTC Intel Corp. | Add +4.5% | 0.15% | +0.03 |
| IDCC Interdigital Inc. | New | 0.03% | +0.03 |
| SITM Sitime Corp. | New | 0.03% | +0.03 |
| WWD Woodward Inc. | Add +0.8% | 0.17% | +0.03 |
| VVV Valvoline Inc. | Add +162.6% | 0.04% | +0.03 |
| RRC Range Resources Corp. | Add +0.8% | 0.12% | +0.03 |
| USFD US Foods Holding Corp. | Add +0.6% | 0.14% | +0.03 |
| CC The Chemours Co. | New | 0.03% | +0.03 |
| MTZ Mastec Inc. | Add +2.1% | 0.08% | +0.03 |
| OVV Ovintiv Inc. | Add +12.0% | 0.07% | +0.03 |
| CMC Commercial Metals Co. | Add +114.0% | 0.06% | +0.03 |
| RRX Regal Rexnord Corp. | Add +1.1% | 0.10% | +0.03 |
| PR Permian Resources Corp. Class A | Add +8.9% | 0.06% | +0.03 |
| BROS Dutch Bros Inc. Class A | New | 0.03% | +0.03 |
| NVT Nvent Electric PLC | Add +1.1% | 0.15% | +0.03 |
| MTDR Matador Resources Co. | Add +0.9% | 0.07% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.71% | +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 |