Utah Retirement Systems
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Utah Retirement Systems reported 974 stock positions worth $9.8 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Apple (AAPL, 6.1%) and Microsoft (MSFT, 4.6%). Compared with Q4 2025, it opened 18 new positions, sold out of 28, added to 81 and reduced 584. The biggest buy was Sandisk (SNDK, shares +225%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001548392
- Portfolio Value
- $9.8B (Q1 2026)
- SEC Filing
- 0001548392-26-000003 ↗ filed May 15, 2026
Holdings Value
Holdings 974 stocks · $9.8B
| NVDA Nvidia Corp. | 6.78% | 3,805,181 | $663.6M | Reduce -1.6% |
| AAPL Apple Inc. | 6.08% | 2,342,276 | $594.4M | Reduce -2.8% |
| MSFT Microsoft Corp. | 4.56% | 1,205,806 | $446.4M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 3.32% | 1,559,622 | $324.8M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 2.78% | 945,076 | $271.8M | Reduce -1.6% |
| AVGO Broadcom Inc. | 2.38% | 750,869 | $232.4M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 2.26% | 769,522 | $220.7M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 2.08% | 354,986 | $203.1M | Reduce -1.6% |
| TSLA Tesla Inc. | 1.74% | 458,753 | $170.5M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.33% | 441,676 | $129.9M | Reduce -3.1% |
| LLY Eli Lilly & Co. | 1.22% | 130,252 | $119.8M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 1.19% | 686,886 | $116.5M | Reduce -3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.18% | 240,406 | $115.2M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.98% | 391,254 | $95.6M | Reduce -1.6% |
| WMT Walmart Inc. | 0.90% | 707,359 | $87.9M | Reduce -1.6% |
| V Visa Inc. Class A | 0.85% | 273,685 | $82.7M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 0.73% | 72,165 | $71.9M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.68% | 689,048 | $66.3M | Reduce -1.6% |
| MA Mastercard Inc. Class A | 0.67% | 130,792 | $65.4M | Reduce -2.4% |
| CVX Chevron Corp. | 0.64% | 304,600 | $63.0M | Reduce -3.3% |
| ABBV Abbvie Inc. | 0.64% | 288,031 | $62.6M | Reduce -1.6% |
| MU Micron Technology Inc. | 0.63% | 181,660 | $61.4M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.56% | 381,889 | $55.2M | Reduce -1.6% |
| CAT Caterpillar Inc. | 0.55% | 75,282 | $53.3M | Reduce -1.6% |
| AMD Advanced Micro Devices | 0.54% | 261,831 | $53.3M | Reduce -1.6% |
| HD Home Depot Inc. | 0.54% | 161,879 | $53.2M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 1,067,791 | $52.1M | Reduce -3.7% |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 355,140 | $51.9M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.51% | 647,122 | $50.2M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 0.50% | 404,056 | $48.6M | Reduce -2.9% |
| KO The Coca-Cola Co. | 0.49% | 632,272 | $48.1M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.49% | 169,114 | $48.0M | Reduce -2.3% |
| AMAT Applied Materials Inc. | 0.45% | 128,978 | $44.1M | Reduce -2.7% |
| LRCX Lam Research Corp. | 0.45% | 204,137 | $43.6M | Reduce -2.8% |
| RTX RTX Corp. | 0.43% | 217,521 | $42.0M | Reduce -1.6% |
| PM Philip Morris International | 0.43% | 253,308 | $41.9M | Reduce -1.6% |
| GS Goldman Sachs Group Inc. | 0.41% | 47,774 | $40.4M | Reduce -3.1% |
| ORCL Oracle Corp. | 0.41% | 273,685 | $40.3M | Reduce -0.5% |
| WFC Wells Fargo & Co. | 0.41% | 503,517 | $40.1M | Reduce -4.7% |
| UNH Unitedhealth Group Inc. | 0.41% | 147,949 | $40.0M | Reduce -1.6% |
| GEV GE Vernova Inc. | 0.39% | 43,895 | $38.3M | Reduce -2.8% |
| LIN Linde PLC | 0.39% | 76,349 | $37.9M | Reduce -1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 151,271 | $36.7M | Reduce -1.6% |
| MCD McDonald's Corp. | 0.37% | 116,224 | $36.1M | Reduce -1.6% |
| PEP Pepsico Inc. | 0.35% | 222,793 | $34.6M | Reduce -1.7% |
| VZ Verizon Communications Inc. | 0.35% | 686,671 | $34.5M | Reduce -1.6% |
| T AT&T Inc. | 0.33% | 1,123,667 | $32.6M | Reduce -2.6% |
| C Citigroup Inc. | 0.33% | 281,798 | $32.0M | Reduce -5.7% |
| INTC Intel Corp. | 0.32% | 718,651 | $31.7M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.32% | 339,185 | $31.5M | Reduce -0.8% |
| KLAC KLA Corp. | 0.32% | 21,393 | $31.5M | Reduce -2.4% |
| GRNT Granite Ridge Resources Inc. | 0.31% | 5,243,683 | $30.8M | No change |
| AMGN Amgen Inc. | 0.31% | 87,449 | $30.8M | Reduce -1.6% |
| MS Morgan Stanley | 0.31% | 184,452 | $30.4M | Reduce -3.1% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 61,398 | $30.2M | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 181,855 | $29.0M | Reduce -1.6% |
| ABT Abbott Laboratories | 0.30% | 281,527 | $28.9M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.29% | 147,094 | $28.6M | Reduce -2.0% |
| GILD Gilead Sciences Inc. | 0.29% | 202,482 | $28.2M | Reduce -1.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 39 | $28.0M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 288,828 | $27.8M | Reduce -3.5% |
| CRM Salesforce Inc. | 0.28% | 148,241 | $27.7M | Reduce -3.9% |
| AXP American Express Co. | 0.27% | 87,802 | $26.6M | Reduce -2.7% |
| COP Conocophillips | 0.27% | 201,180 | $26.6M | Reduce -3.4% |
| ISRG Intuitive Surgical Inc. | 0.27% | 57,388 | $26.5M | Reduce -2.3% |
| PFE Pfizer Inc. | 0.27% | 923,644 | $25.9M | Reduce -1.6% |
| SCHW Schwab (charles) Corp. | 0.26% | 271,515 | $25.5M | Reduce -3.7% |
| ADI Analog Devices Inc. | 0.26% | 79,468 | $25.3M | Reduce -3.0% |
| APH Amphenol Corp. Class A | 0.26% | 198,382 | $25.1M | Reduce -0.8% |
| RY Royal Bank of Canada | 0.25% | 153,298 | $24.7M | Reduce -3.6% |
| BA The Boeing Co. | 0.25% | 122,846 | $24.5M | Add +1.6% |
| BLK BlackRock Inc. | 0.24% | 24,795 | $23.8M | Reduce -1.6% |
| UNP Union Pacific Corp. | 0.24% | 97,196 | $23.6M | Reduce -1.6% |
| UBER Uber Technologies Inc. | 0.24% | 327,206 | $23.5M | Reduce -1.6% |
| HON Honeywell International Inc. | 0.24% | 103,354 | $23.4M | Reduce -1.6% |
| ETN Eaton Corp. PLC | 0.23% | 63,691 | $22.8M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.23% | 173,858 | $22.4M | Reduce -2.6% |
| DE Deere & Co. | 0.23% | 39,709 | $22.4M | Reduce -1.6% |
| BKNG Booking Holdings Inc. | 0.23% | 5,287 | $22.3M | Reduce -1.6% |
| WELL Welltower Inc. | 0.23% | 111,752 | $22.1M | Add +0.2% |
| LOW Lowe's Cos Inc. | 0.22% | 91,088 | $21.5M | Reduce -1.6% |
| SPGI S&P Global Inc. | 0.21% | 49,269 | $21.0M | Reduce -2.4% |
| PANW Palo Alto Networks Inc. | 0.21% | 130,056 | $20.9M | Add +19.0% |
| ANET Arista Networks Inc. | 0.21% | 167,723 | $20.6M | Reduce -1.6% |
| LMT Lockheed Martin Corp. | 0.21% | 33,521 | $20.3M | Reduce -2.5% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 331,182 | $20.1M | Reduce -1.6% |
| PLD Prologis Inc. | 0.20% | 150,754 | $19.9M | Reduce -3.9% |
| ACN Accenture PLC Class A | 0.20% | 100,034 | $19.8M | Reduce -3.3% |
| DHR Danaher Corp. | 0.20% | 102,337 | $19.4M | Reduce -2.5% |
| CB Chubb Ltd. | 0.20% | 59,402 | $19.4M | Reduce -2.8% |
| NEM Newmont Corp. | 0.20% | 178,553 | $19.3M | Reduce -1.6% |
| INTU Intuit Inc. | 0.20% | 44,375 | $19.2M | Reduce -1.6% |
| PGR Progressive Corp. | 0.19% | 95,238 | $18.9M | Reduce -1.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.19% | 41,265 | $18.4M | Reduce -2.9% |
| PH Parker Hannifin Corp. | 0.19% | 20,557 | $18.4M | Reduce -2.8% |
| SYK Stryker Corp. | 0.19% | 55,940 | $18.4M | Reduce -1.6% |
| COF Capital One Financial Corp. | 0.19% | 99,903 | $18.2M | Reduce -3.8% |
| NOW ServiceNow Inc. | 0.19% | 173,806 | $18.2M | Add +0.2% |
| MO Altria Group Inc. | 0.18% | 274,260 | $18.1M | Reduce -1.6% |
| MDT Medtronic PLC | 0.18% | 208,498 | $18.1M | Reduce -1.5% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -1.6% | 4.56% | −1.08 |
| AVB Avalonbay Communities Inc. | Reduce -92.1% | 0.04% | −0.47 |
| TSLA Tesla Inc. | Reduce -1.4% | 1.74% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 2.08% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 3.32% | −0.16 |
| AAPL Apple Inc. | Reduce -2.8% | 6.08% | −0.15 |
| AVGO Broadcom Inc. | Reduce -1.6% | 2.38% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 1.22% | −0.13 |
| MAA Mid-America Apartment Comm | Reduce -82.4% | 0.02% | −0.12 |
| INVH Invitation Homes Inc. | Reduce -81.5% | 0.03% | −0.12 |
| ESS Essex Property Trust Inc. | Reduce -81.5% | 0.03% | −0.11 |
| CRM Salesforce Inc. | Reduce -3.9% | 0.28% | −0.11 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.41% | −0.10 |
| APP AppLovin Corp. Class A | Reduce -1.6% | 0.16% | −0.09 |
| V Visa Inc. Class A | Reduce -2.4% | 0.85% | −0.09 |
| INTU Intuit Inc. | Reduce -1.6% | 0.20% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 2.78% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.6% | 0.53% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 2.26% | −0.08 |
| NVDA Nvidia Corp. | Reduce -1.6% | 6.78% | −0.08 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 1.33% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -1.6% | 0.15% | −0.07 |
| ADBE Adobe Inc. | Reduce -4.7% | 0.17% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -1.6% | 0.41% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -2.6% | 0.23% | −0.06 |
| ACN Accenture PLC Class A | Reduce -3.3% | 0.20% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -2.4% | 0.67% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -4.7% | 0.41% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -1.6% | 0.37% | −0.06 |
| COF Capital One Financial Corp. | Reduce -3.8% | 0.19% | −0.05 |
| BAC Bank of America Corp. | Reduce -3.7% | 0.53% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -1.6% | 0.23% | −0.05 |
| AXP American Express Co. | Reduce -2.7% | 0.27% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -2.3% | 0.27% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -1.0% | 0.16% | −0.05 |
| ABT Abbott Laboratories | Reduce -1.6% | 0.30% | −0.05 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.28% | −0.04 |
| SPGI S&P Global Inc. | Reduce -2.4% | 0.21% | −0.04 |
| BX Blackstone Inc. | Reduce -0.7% | 0.14% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 0.31% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -1.5% | 0.10% | −0.03 |
| FLUT Flutter Entertainment PLC-Di | Reduce -8.4% | 0.03% | −0.03 |
| DHR Danaher Corp. | Reduce -2.5% | 0.20% | −0.03 |
| CEG Constellation Energy | Reduce -2.1% | 0.14% | −0.03 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.03 |
| ADP Automatic Data Processing | Reduce -2.6% | 0.14% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -3.3% | 0.05% | −0.03 |
| SUI Sun Communities Inc. | Reduce -54.4% | 0.03% | −0.03 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| SNDK Sandisk Corp. | Add +225.4% | 0.15% | +0.13 |
| LITE Lumentum Holdings Inc. | Add +206.2% | 0.08% | +0.07 |
| COHR Coherent Corp. | Add +244.5% | 0.07% | +0.05 |
| RKLB Rocket Lab Corp. | Add +265.2% | 0.05% | +0.04 |
| RYTM Rhythm Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| FTI Technipfmc PLC | Add +206.4% | 0.05% | +0.04 |
| IWB iShares Russell 1000 ETF | Add +58.1% | 0.10% | +0.04 |
| STX Seagate Technology Holdings | Add +0.3% | 0.10% | +0.03 |
| BE Bloom Energy Corp. Class A | New | 0.03% | +0.03 |
| FTAI Ftai Aviation Ltd. | Add +207.1% | 0.04% | +0.03 |
| XPO Xpo Inc. | Add +205.3% | 0.04% | +0.03 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.03% | +0.03 |
| WELL Welltower Inc. | Add +0.2% | 0.23% | +0.03 |
| WWD Woodward Inc. | Add +209.3% | 0.04% | +0.03 |
| CRWV Coreweave Inc. Class A | New | 0.03% | +0.03 |
| DELL Dell Technologies -C | Add +0.1% | 0.09% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +19.0% | 0.21% | +0.02 |
| FITB Fifth Third Bancorp | Add +33.6% | 0.07% | +0.02 |
| AMCR Amcor PLC | Add +207.2% | 0.03% | +0.02 |
| TMUS T-Mobile US Inc. | Add +2.4% | 0.17% | +0.02 |
| CVE Cenovus Energy Inc. | Add +5.4% | 0.04% | +0.02 |
| WAT Waters Corp. | Add +63.2% | 0.05% | +0.01 |
| OVV Ovintiv Inc. | Add +8.2% | 0.03% | +0.01 |
| HBAN Huntington Bancshares Inc. | Add +34.0% | 0.05% | +0.01 |
| CRCL Circle Internet Group Inc. | Add +9.5% | 0.04% | +0.01 |
| RGLD Royal Gold Inc. | Add +17.4% | 0.04% | +0.01 |
| VTR Ventas Inc. | Add +0.6% | 0.06% | +0.01 |
| MDLN Medline Inc. Class A | New | 0.01% | +0.01 |
| BATL Battalion Oil Corp. | New | 0.01% | +0.01 |
| QSR Restaurant Brands Intern | Add +3.9% | 0.04% | +0.01 |
| PNFP Pinnacle Financial Partners | New | 0.01% | +0.01 |
| ITT Itt Inc. | Add +5.5% | 0.03% | +0.01 |
| AU Anglogold Ashanti PLC | Add +0.5% | 0.03% | +0.01 |
| HAS Hasbro Inc. | Add +3.9% | 0.02% | +0.00 |
| ES Eversource Energy | Add +0.4% | 0.04% | +0.00 |
| LQDA Liquidia Corp. | New | 0.00% | +0.00 |
| ENLT Enlight Renewable Energy Ltd. | Add +9.5% | 0.01% | +0.00 |
| INSM Insmed Inc. | Add +6.3% | 0.06% | +0.00 |
| HPE Hewlett Packard Enterprise | Add +0.2% | 0.05% | +0.00 |
| OGE Oge Energy Corp. | Add +3.4% | 0.02% | +0.00 |
| RYN Rayonier Inc. | New | 0.00% | +0.00 |
| GFS Globalfoundries Inc. | New | 0.00% | +0.00 |
| PEN Penumbra Inc. | Add +0.7% | 0.02% | +0.00 |
| MTSI Macom Technology Solutions H | Add +5.4% | 0.01% | +0.00 |
| VVV Valvoline Inc. | New | 0.00% | +0.00 |
| APLS Apellis Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| NVST Envista Holdings Corp. | New | 0.00% | +0.00 |
| NRG NRG Energy Inc. | Add +6.3% | 0.05% | +0.00 |
| KRMN Karman Holdings Inc. | New | 0.00% | +0.00 |
| ALGM Allegro Microsystems Inc. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,027 | $10.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 974 | $9.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 983 | $10.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 987 | $10.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 992 | $9.6B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 960 | $8.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 977 | $9.1B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 986 | $8.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 973 | $8.4B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 972 | $8.6B | MSFT, AAPL, NVDA, AMZN, META |