VIRGINIA RETIREMENT SYSTEMS ET Al
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), VIRGINIA RETIREMENT SYSTEMS ET Al reported 927 stock positions worth $15.4 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Apple (AAPL, 5.7%). Compared with Q2 2025, it opened 142 new positions, sold out of 147, added to 350 and reduced 323. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Intl Business Machines (IBM, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001005354
- Portfolio Value
- $15.4B (Q3 2025)
- SEC Filing
- 0001005354-25-000009 ↗ filed Oct 20, 2025
Holdings Value
Holdings 927 stocks · $15.4B
| NVDA Nvidia Corp. | 6.43% | 5,312,390 | $991.2M | Add +0.6% |
| MSFT Microsoft Corp. | 5.75% | 1,710,300 | $885.8M | Add +4.3% |
| AAPL Apple Inc. | 5.68% | 3,437,940 | $875.4M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 2.69% | 565,796 | $415.5M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 2.60% | 1,823,600 | $400.4M | Reduce -7.8% |
| GOOGL Alphabet Inc. Class A | 1.96% | 1,241,272 | $301.8M | No change |
| GOOG Alphabet Inc. Class C | 1.57% | 991,500 | $241.5M | Add +0.8% |
| AVGO Broadcom Inc. | 1.56% | 729,710 | $240.7M | Add +16.6% |
| JNJ Johnson & Johnson | 1.39% | 1,158,903 | $214.9M | Add +12.3% |
| TSLA Tesla Inc. | 0.97% | 334,931 | $149.0M | Reduce -11.3% |
| GILD Gilead Sciences Inc. | 0.92% | 1,281,395 | $142.2M | Add +0.3% |
| MO Altria Group Inc. | 0.91% | 2,118,700 | $140.0M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 0.85% | 413,538 | $130.4M | Reduce -26.9% |
| T AT&T Inc. | 0.82% | 4,494,203 | $126.9M | Add +61.9% |
| HCA HCA Healthcare Inc. | 0.82% | 297,300 | $126.7M | Add +4.2% |
| MRK Merck & Co. Inc. | 0.82% | 1,507,338 | $126.5M | Add +3.6% |
| VRSN Verisign Inc. | 0.81% | 447,191 | $125.0M | Add +4.1% |
| VZ Verizon Communications Inc. | 0.79% | 2,762,705 | $121.4M | Add +5.8% |
| V Visa Inc. Class A | 0.75% | 340,121 | $116.1M | Add +0.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.73% | 3,466,757 | $113.1M | Add +2.4% |
| C Citigroup Inc. | 0.72% | 1,096,360 | $111.3M | Add +14.2% |
| ABT Abbott Laboratories | 0.72% | 826,268 | $110.7M | Add +42.3% |
| NFLX Netflix Inc. | 0.71% | 91,413 | $109.6M | Add +14.5% |
| KR Kroger Co. | 0.71% | 1,615,000 | $108.9M | Reduce -4.2% |
| CL Colgate-Palmolive Co. | 0.69% | 1,332,700 | $106.5M | Add +44.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 211,807 | $106.5M | Reduce -3.6% |
| GS Goldman Sachs Group Inc. | 0.68% | 132,076 | $105.2M | No change |
| MS Morgan Stanley | 0.67% | 654,400 | $104.0M | No change |
| BMY Bristol-Myers Squibb Co. | 0.65% | 2,234,496 | $100.8M | Add +43.6% |
| EBAY eBay Inc. | 0.64% | 1,079,908 | $98.2M | Add +27.7% |
| DG Dollar General Corp. | 0.61% | 906,700 | $93.7M | Add +100.9% |
| PCAR Paccar Inc. | 0.61% | 952,150 | $93.6M | Add +8.2% |
| PSA Public Storage | 0.60% | 321,371 | $92.8M | No change |
| YUM Yum! Brands Inc. | 0.60% | 608,700 | $92.5M | Add +46.4% |
| CME Cme Group Inc. | 0.55% | 311,100 | $84.1M | Reduce -11.4% |
| GE General Electric filed as GE AEROSPACE | 0.53% | 273,900 | $82.4M | No change |
| UHS Universal Health Services-B | 0.53% | 402,622 | $82.3M | Reduce -16.5% |
| SPG Simon Property Group Inc. | 0.53% | 434,630 | $81.6M | Add +2.7% |
| LRCX Lam Research Corp. | 0.52% | 598,175 | $80.1M | Reduce -1.4% |
| TXT Textron Inc. | 0.51% | 937,700 | $79.2M | Add +13.3% |
| CBOE Cboe Global Markets Inc. | 0.51% | 322,990 | $79.2M | Add +40.1% |
| PM Philip Morris International | 0.47% | 448,300 | $72.7M | No change |
| ANET Arista Networks Inc. | 0.47% | 497,980 | $72.6M | Reduce -15.8% |
| EW Edwards Lifesciences Corp. | 0.47% | 923,311 | $71.8M | Add +6.5% |
| BKNG Booking Holdings Inc. | 0.46% | 13,251 | $71.5M | Add +3.1% |
| KMB Kimberly-Clark Corp. | 0.46% | 567,700 | $70.6M | Reduce -19.7% |
| RDN Radian Group Inc. | 0.45% | 1,935,415 | $70.1M | No change |
| QCOM Qualcomm Inc. | 0.45% | 420,629 | $70.0M | Add +12.3% |
| MLI Mueller Industries Inc. | 0.45% | 690,255 | $69.8M | Add +0.2% |
| ACI Albertsons Cos Inc. Class A | 0.45% | 3,918,400 | $68.6M | Add +3.5% |
| SYF Synchrony Financial | 0.44% | 965,370 | $68.6M | No change |
| ABBV Abbvie Inc. | 0.44% | 293,111 | $67.9M | Add +48.9% |
| AKAM Akamai Technologies Inc. | 0.43% | 883,064 | $66.9M | Add +24.0% |
| INCY Incyte Corp. | 0.42% | 768,325 | $65.2M | Add +4.5% |
| TMUS T-Mobile US Inc. | 0.42% | 269,600 | $64.5M | Add +7.7% |
| SNA Snap-on Inc. | 0.41% | 181,872 | $63.0M | No change |
| AFL Aflac Inc. | 0.40% | 550,978 | $61.5M | Reduce -4.7% |
| FOXA Fox Corp. Class A | 0.40% | 971,500 | $61.3M | Reduce -34.9% |
| KLAC KLA Corp. | 0.39% | 55,913 | $60.3M | Reduce -6.5% |
| DBX Dropbox Inc. Class A | 0.39% | 1,994,000 | $60.2M | Add +0.2% |
| LLY Eli Lilly & Co. | 0.39% | 78,564 | $59.9M | Reduce -15.7% |
| ORCL Oracle Corp. | 0.39% | 212,900 | $59.9M | Add +36.4% |
| OC Owens Corning | 0.39% | 422,985 | $59.8M | Add +7.7% |
| WELL Welltower Inc. | 0.39% | 335,160 | $59.7M | Add +13.4% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 326,400 | $59.5M | No change |
| SYY Sysco Corp. | 0.38% | 710,900 | $58.5M | Add +163.1% |
| STX Seagate Technology Holdings | 0.38% | 247,300 | $58.4M | Reduce -22.3% |
| APTV Aptiv PLC | 0.37% | 661,312 | $57.0M | Add +175.8% |
| XOM Exxon Mobil Corp. | 0.37% | 505,172 | $57.0M | Reduce -39.7% |
| LMT Lockheed Martin Corp. | 0.36% | 112,402 | $56.1M | Reduce -42.1% |
| CLX Clorox Company | 0.36% | 450,800 | $55.6M | Add +24944.4% |
| CTSH Cognizant Tech Solutions-A | 0.35% | 813,100 | $54.5M | Reduce -15.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.35% | 528,500 | $54.2M | Add +35.2% |
| PLD Prologis Inc. | 0.35% | 470,520 | $53.9M | Add +7.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.35% | 597,518 | $53.6M | Reduce -12.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 490,759 | $53.5M | Reduce -27.7% |
| NVR NVR Inc. | 0.34% | 6,560 | $52.7M | Reduce -1.4% |
| GDDY GoDaddy Inc. Class A | 0.33% | 376,500 | $51.5M | Reduce -16.5% |
| CI The Cigna Group | 0.33% | 176,700 | $50.9M | No change |
| GM General Motors Co. | 0.32% | 818,712 | $49.9M | Reduce -14.4% |
| HUM Humana Inc. | 0.32% | 188,664 | $49.1M | Add +63.8% |
| IDXX Idexx Laboratories Inc. | 0.32% | 76,808 | $49.1M | Add +29.5% |
| MCD McDonald's Corp. | 0.32% | 161,200 | $49.0M | Reduce -19.2% |
| URI United Rentals Inc. | 0.31% | 50,100 | $47.8M | Add +68.1% |
| NEM Newmont Corp. | 0.31% | 561,200 | $47.3M | Reduce -18.8% |
| STT State Street Corp. | 0.30% | 397,600 | $46.1M | No change |
| ULTA Ulta Beauty Inc. | 0.30% | 84,000 | $45.9M | Add +1.8% |
| MA Mastercard Inc. Class A | 0.29% | 79,762 | $45.4M | Reduce -4.5% |
| FAST Fastenal Co. | 0.28% | 891,284 | $43.7M | Reduce -15.9% |
| PHM Pultegroup Inc. | 0.28% | 326,531 | $43.1M | Reduce -13.3% |
| ACN Accenture PLC Class A | 0.27% | 168,928 | $41.7M | Add +10.3% |
| AMAT Applied Materials Inc. | 0.27% | 202,430 | $41.4M | Reduce -29.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 358,000 | $41.0M | Add +65.3% |
| CAT Caterpillar Inc. | 0.26% | 85,412 | $40.8M | Reduce -30.2% |
| CHKP Check Point Software Tech | 0.26% | 195,937 | $40.5M | Add +19.2% |
| GD General Dynamics Corp. | 0.26% | 118,800 | $40.5M | Add +174.4% |
| GLPI Gaming and Leisure Propertie | 0.26% | 867,229 | $40.4M | Add +2.0% |
| CRM Salesforce Inc. | 0.26% | 170,501 | $40.4M | Add +0.9% |
| LDOS Leidos Holdings Inc. | 0.26% | 210,200 | $39.7M | Add +13.5% |
| MU Micron Technology Inc. | 0.26% | 237,200 | $39.7M | Add +2.4% |
Portfolio Sells Q2 2025 → Q3 2025
| IBM Intl Business Machines Corp. | Reduce -89.0% | 0.09% | −0.83 |
| FICO Fair Isaac Corp. | Reduce -91.8% | 0.04% | −0.55 |
| AMZN Amazon.com Inc. | Reduce -7.8% | 2.60% | −0.40 |
| JPM JPMorgan Chase & Co. | Reduce -26.9% | 0.85% | −0.29 |
| LMT Lockheed Martin Corp. | Reduce -42.1% | 0.36% | −0.26 |
| XOM Exxon Mobil Corp. | Reduce -39.7% | 0.37% | −0.25 |
| CHTR Charter Communications Inc. Class A | Reduce -86.1% | 0.02% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 2.69% | −0.24 |
| UTHR United Therapeutics Corp. | Reduce -71.1% | 0.15% | −0.23 |
| COF Capital One Financial Corp. | Reduce -57.0% | 0.15% | −0.23 |
| GDDY GoDaddy Inc. Class A | Reduce -16.5% | 0.33% | −0.23 |
| WFC Wells Fargo & Co. | Reduce -54.0% | 0.18% | −0.22 |
| RTX RTX Corp. | Reduce -50.4% | 0.25% | −0.22 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.20 |
| FOXA Fox Corp. Class A | Reduce -34.9% | 0.40% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -66.8% | 0.09% | −0.18 |
| ETR Entergy Corp. | Reduce -93.3% | 0.01% | −0.17 |
| KMB Kimberly-Clark Corp. | Reduce -19.7% | 0.46% | −0.17 |
| TWLO Twilio Inc. Class A | Reduce -53.1% | 0.09% | −0.17 |
| ADBE Adobe Inc. | Reduce -30.8% | 0.24% | −0.17 |
| CTSH Cognizant Tech Solutions-A | Reduce -15.3% | 0.35% | −0.16 |
| MMM 3M Co. | Sold out | 0.00% | −0.16 |
| EXE Expand Energy Corp. | Reduce -52.6% | 0.10% | −0.15 |
| ABNB Airbnb Inc. Class A | Reduce -27.7% | 0.25% | −0.15 |
| DPZ Domino's Pizza Inc. | Reduce -58.1% | 0.09% | −0.15 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.14 |
| WMT Walmart Inc. | Reduce -33.8% | 0.25% | −0.13 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.13 |
| KR Kroger Co. | Reduce -4.2% | 0.71% | −0.13 |
| AFG American Financial Group Inc. | Reduce -90.8% | 0.01% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -29.9% | 0.20% | −0.12 |
| CME Cme Group Inc. | Reduce -11.4% | 0.55% | −0.12 |
| KO The Coca-Cola Co. | Reduce -71.7% | 0.04% | −0.12 |
| NTRS Northern Trust Corp. | Reduce -37.4% | 0.19% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -15.7% | 0.39% | −0.11 |
| FTNT Fortinet Inc. | Reduce -8.8% | 0.22% | −0.10 |
| LULU Lululemon Athletica Inc. | Reduce -77.5% | 0.02% | −0.10 |
| DOCU Docusign Inc. | Reduce -37.7% | 0.12% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -65.5% | 0.04% | −0.09 |
| AMAT Applied Materials Inc. | Reduce -29.6% | 0.27% | −0.09 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.09 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.09 |
| BAC Bank of America Corp. | Reduce -36.1% | 0.17% | −0.09 |
| TAP Molson Coors Beverage Co. Class B | Reduce -24.5% | 0.18% | −0.09 |
| CF CF Industries Holdings Inc. | Reduce -12.9% | 0.35% | −0.09 |
| MCD McDonald's Corp. | Reduce -19.2% | 0.32% | −0.08 |
| BNY Bank of New York Mellon Corp. | Reduce -27.7% | 0.35% | −0.08 |
| DOC Healthpeak Properties Inc. | Reduce -84.8% | 0.01% | −0.08 |
| PODD Insulet Corp. | Reduce -38.6% | 0.10% | −0.07 |
| FIS Fidelity National Info Serv | Reduce -11.4% | 0.15% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +0.6% | 6.43% | +0.67 |
| AVGO Broadcom Inc. | Add +16.6% | 1.56% | +0.37 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 1.57% | +0.36 |
| CLX Clorox Company | Add +24944.4% | 0.36% | +0.36 |
| JNJ Johnson & Johnson | Add +12.3% | 1.39% | +0.31 |
| T AT&T Inc. | Add +61.9% | 0.82% | +0.27 |
| APTV Aptiv PLC | Add +175.8% | 0.37% | +0.26 |
| DG Dollar General Corp. | Add +100.9% | 0.61% | +0.25 |
| SYY Sysco Corp. | Add +163.1% | 0.38% | +0.24 |
| F Ford Motor Co. | Add +2475.5% | 0.23% | +0.22 |
| EBAY eBay Inc. | Add +27.7% | 0.64% | +0.20 |
| DT Dynatrace Inc. | Add +16092.1% | 0.19% | +0.19 |
| ABBV Abbvie Inc. | Add +48.9% | 0.44% | +0.19 |
| GD General Dynamics Corp. | Add +174.4% | 0.26% | +0.18 |
| ALKS Alkermes PLC | New | 0.18% | +0.18 |
| YUM Yum! Brands Inc. | Add +46.4% | 0.60% | +0.17 |
| ABT Abbott Laboratories | Add +42.3% | 0.72% | +0.17 |
| ILMN Illumina Inc. | New | 0.17% | +0.17 |
| APP AppLovin Corp. Class A | New | 0.17% | +0.17 |
| C Citigroup Inc. | Add +14.2% | 0.72% | +0.16 |
| BMY Bristol-Myers Squibb Co. | Add +43.6% | 0.65% | +0.16 |
| URI United Rentals Inc. | Add +68.1% | 0.31% | +0.16 |
| ORCL Oracle Corp. | Add +36.4% | 0.39% | +0.15 |
| CBOE Cboe Global Markets Inc. | Add +40.1% | 0.51% | +0.14 |
| BAH Booz Allen Hamilton Holdings | New | 0.14% | +0.14 |
| AMD Advanced Micro Devices | Add +224.9% | 0.18% | +0.13 |
| HUM Humana Inc. | Add +63.8% | 0.32% | +0.12 |
| PFG Principal Financial Group | New | 0.12% | +0.12 |
| ADSK Autodesk Inc. | Add +1694.1% | 0.13% | +0.12 |
| INTU Intuit Inc. | New | 0.12% | +0.12 |
| MSFT Microsoft Corp. | Add +4.3% | 5.75% | +0.12 |
| CL Colgate-Palmolive Co. | Add +44.5% | 0.69% | +0.11 |
| VST Vistra Corp. | Add +166.9% | 0.18% | +0.11 |
| LII Lennox International Inc. | Add +105.0% | 0.23% | +0.10 |
| IDXX Idexx Laboratories Inc. | Add +29.5% | 0.32% | +0.10 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.09% | +0.09 |
| TROW T Rowe Price Group Inc. | Add +35.2% | 0.35% | +0.09 |
| HST Host Hotels & Resorts Inc. | Add +1319.0% | 0.10% | +0.09 |
| ADM Archer-Daniels-Midland Co. | Add +84.5% | 0.17% | +0.08 |
| PEP Pepsico Inc. | Add +50.3% | 0.25% | +0.08 |
| DIS The Walt Disney Co. | Add +65.3% | 0.27% | +0.08 |
| TPR Tapestry Inc. | Add +198.1% | 0.11% | +0.08 |
| INCY Incyte Corp. | Add +4.5% | 0.42% | +0.08 |
| MLI Mueller Industries Inc. | Add +0.2% | 0.45% | +0.07 |
| WELL Welltower Inc. | Add +13.4% | 0.39% | +0.07 |
| RF Regions Financial Corp. | Add +70.7% | 0.16% | +0.07 |
| CVX Chevron Corp. | Add +45.1% | 0.21% | +0.07 |
| GEV GE Vernova Inc. | Add +242.7% | 0.09% | +0.07 |
| HCA HCA Healthcare Inc. | Add +4.2% | 0.82% | +0.07 |
| APH Amphenol Corp. Class A | New | 0.07% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,300 | $16.7B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 926 | $13.5B | NVDA, MSFT, GOOGL, GOOG, JNJ |
| Q4 2025 | 949 | $16.8B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2025 | 927 | $15.4B | NVDA, MSFT, AAPL, META, AMZN |
| Q2 2025 | 932 | $14.5B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,015 | $13.5B | AAPL, NVDA, MSFT, AMZN, META |