VIRGINIA RETIREMENT SYSTEMS ET Al
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), VIRGINIA RETIREMENT SYSTEMS ET Al reported 949 stock positions worth $16.8 billion. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Nvidia (NVDA, 5.6%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 141 new positions, sold out of 119, added to 351 and reduced 361. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale Nvidia (NVDA, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001005354
- Portfolio Value
- $16.8B (Q4 2025)
- SEC Filing
- 0001005354-26-000001 ↗ filed Feb 4, 2026
Holdings Value
Holdings 949 stocks · $16.8B
| AAPL Apple Inc. | 6.28% | 3,880,040 | $1.1B | Add +12.9% |
| NVDA Nvidia Corp. | 5.58% | 5,030,390 | $938.2M | Reduce -5.3% |
| MSFT Microsoft Corp. | 5.03% | 1,747,280 | $845.0M | Add +2.2% |
| AMZN Amazon.com Inc. | 3.82% | 2,782,900 | $642.3M | Add +52.6% |
| GOOGL Alphabet Inc. Class A | 3.13% | 1,681,072 | $526.2M | Add +35.4% |
| META Meta Platforms Inc. Class A | 2.59% | 658,974 | $435.0M | Add +16.5% |
| AVGO Broadcom Inc. | 1.99% | 966,310 | $334.4M | Add +32.4% |
| GOOG Alphabet Inc. Class C | 1.95% | 1,047,100 | $328.6M | Add +5.6% |
| IVV iShares Core S&P 500 ETF | 1.90% | 467,000 | $319.9M | New |
| JNJ Johnson & Johnson | 1.43% | 1,158,903 | $239.8M | No change |
| TSLA Tesla Inc. | 0.94% | 351,931 | $158.3M | Add +5.1% |
| WMT Walmart Inc. | 0.87% | 1,306,726 | $145.6M | Add +246.3% |
| MRK Merck & Co. Inc. | 0.85% | 1,356,338 | $142.8M | Reduce -10.0% |
| GILD Gilead Sciences Inc. | 0.84% | 1,156,695 | $142.0M | Reduce -9.7% |
| JPM JPMorgan Chase & Co. | 0.83% | 434,698 | $140.1M | Add +5.1% |
| V Visa Inc. Class A | 0.82% | 391,641 | $137.4M | Add +15.2% |
| HCA HCA Healthcare Inc. | 0.80% | 288,820 | $134.8M | Reduce -2.9% |
| BMY Bristol-Myers Squibb Co. | 0.72% | 2,234,496 | $120.5M | No change |
| DG Dollar General Corp. | 0.72% | 905,400 | $120.2M | Reduce -0.1% |
| VZ Verizon Communications Inc. | 0.70% | 2,887,805 | $117.6M | Add +4.5% |
| MO Altria Group Inc. | 0.68% | 1,992,500 | $114.9M | Reduce -6.0% |
| YUM Yum! Brands Inc. | 0.68% | 752,000 | $113.8M | Add +23.5% |
| MU Micron Technology Inc. | 0.68% | 398,586 | $113.8M | Add +68.0% |
| ABT Abbott Laboratories | 0.67% | 903,768 | $113.2M | Add +9.4% |
| T AT&T Inc. | 0.66% | 4,494,203 | $111.6M | No change |
| UHS Universal Health Services-B | 0.61% | 473,822 | $103.3M | Add +17.7% |
| LLY Eli Lilly & Co. | 0.61% | 95,204 | $102.3M | Add +21.2% |
| GS Goldman Sachs Group Inc. | 0.61% | 115,836 | $101.8M | Reduce -12.3% |
| CL Colgate-Palmolive Co. | 0.60% | 1,268,600 | $100.2M | Reduce -4.8% |
| LRCX Lam Research Corp. | 0.59% | 581,805 | $99.6M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 195,887 | $98.5M | Reduce -7.5% |
| PCAR Paccar Inc. | 0.53% | 813,750 | $89.1M | Reduce -14.5% |
| KR Kroger Co. | 0.52% | 1,397,900 | $87.3M | Reduce -13.4% |
| TXT Textron Inc. | 0.49% | 937,700 | $81.7M | No change |
| CBOE Cboe Global Markets Inc. | 0.48% | 322,990 | $81.1M | No change |
| CTSH Cognizant Tech Solutions-A | 0.47% | 961,375 | $79.8M | Add +18.2% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 258,380 | $79.6M | Reduce -5.7% |
| FOXA Fox Corp. Class A | 0.47% | 1,086,300 | $79.4M | Add +11.8% |
| EBAY eBay Inc. | 0.47% | 908,608 | $79.1M | Reduce -15.9% |
| C Citigroup Inc. | 0.47% | 677,960 | $79.1M | Reduce -38.2% |
| SPG Simon Property Group Inc. | 0.47% | 424,830 | $78.6M | Reduce -2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 260,740 | $77.2M | Add +424.6% |
| MS Morgan Stanley | 0.46% | 432,000 | $76.7M | Reduce -34.0% |
| INCY Incyte Corp. | 0.45% | 768,325 | $75.9M | No change |
| NFLX Netflix Inc. | 0.45% | 802,380 | $75.2M | Reduce -12.2% |
| BKNG Booking Holdings Inc. | 0.44% | 13,961 | $74.8M | Add +5.4% |
| ABBV Abbvie Inc. | 0.44% | 325,111 | $74.3M | Add +10.9% |
| VRSN Verisign Inc. | 0.43% | 300,931 | $73.1M | Reduce -32.7% |
| SNA Snap-on Inc. | 0.43% | 211,732 | $73.0M | Add +16.4% |
| WELL Welltower Inc. | 0.43% | 389,160 | $72.2M | Add +16.1% |
| PSA Public Storage | 0.42% | 272,171 | $70.6M | Reduce -15.3% |
| QCOM Qualcomm Inc. | 0.42% | 412,429 | $70.5M | Reduce -1.9% |
| RDN Radian Group Inc. | 0.41% | 1,935,415 | $69.7M | No change |
| KLAC KLA Corp. | 0.40% | 55,913 | $67.9M | No change |
| XOM Exxon Mobil Corp. | 0.40% | 559,672 | $67.4M | Add +10.8% |
| GM General Motors Co. | 0.40% | 818,712 | $66.6M | No change |
| APP AppLovin Corp. Class A | 0.40% | 98,565 | $66.4M | Add +176.1% |
| CME Cme Group Inc. | 0.39% | 241,300 | $65.9M | Reduce -22.4% |
| ZM Zoom Communications Inc. | 0.39% | 751,624 | $64.9M | Add +106.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.36% | 2,154,640 | $60.6M | Reduce -37.9% |
| ADBE Adobe Inc. | 0.36% | 172,121 | $60.2M | Add +61.9% |
| DUK Duke Energy Corp. | 0.36% | 513,905 | $60.2M | Add +447.3% |
| PLD Prologis Inc. | 0.36% | 470,520 | $60.1M | No change |
| ANET Arista Networks Inc. | 0.36% | 457,880 | $60.0M | Reduce -8.1% |
| MLI Mueller Industries Inc. | 0.35% | 514,755 | $59.1M | Reduce -25.4% |
| SYY Sysco Corp. | 0.35% | 801,400 | $59.1M | Add +12.7% |
| PM Philip Morris International | 0.35% | 365,700 | $58.7M | Reduce -18.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 500,159 | $58.1M | Add +1.9% |
| EW Edwards Lifesciences Corp. | 0.34% | 675,711 | $57.6M | Reduce -26.8% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 322,300 | $57.3M | Reduce -1.3% |
| KMB Kimberly-Clark Corp. | 0.34% | 567,700 | $57.3M | No change |
| NOC Northrop Grumman Corp. | 0.34% | 98,868 | $56.4M | Add +70.2% |
| EME Emcor Group Inc. | 0.33% | 91,573 | $56.0M | Add +98.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.33% | 546,700 | $56.0M | Add +3.4% |
| STX Seagate Technology Holdings | 0.33% | 199,800 | $55.0M | Reduce -19.2% |
| TMUS T-Mobile US Inc. | 0.33% | 269,500 | $54.7M | Reduce -0.0% |
| LMT Lockheed Martin Corp. | 0.32% | 109,702 | $53.1M | Reduce -2.4% |
| WDC Western Digital Corp. | 0.30% | 296,694 | $51.1M | Add +98.3% |
| STT State Street Corp. | 0.30% | 384,500 | $49.6M | Reduce -3.3% |
| ACI Albertsons Cos Inc. Class A | 0.29% | 2,887,200 | $49.6M | Reduce -26.3% |
| APTV Aptiv PLC | 0.29% | 649,312 | $49.4M | Reduce -1.8% |
| MCD McDonald's Corp. | 0.29% | 161,200 | $49.3M | No change |
| CI The Cigna Group | 0.29% | 176,700 | $48.6M | No change |
| FDX FedEx Corp. | 0.29% | 168,128 | $48.6M | Add +89.5% |
| URI United Rentals Inc. | 0.29% | 59,940 | $48.5M | Add +19.6% |
| ULTA Ulta Beauty Inc. | 0.29% | 80,160 | $48.5M | Reduce -4.6% |
| SYF Synchrony Financial | 0.29% | 577,970 | $48.2M | Reduce -40.1% |
| NVR NVR Inc. | 0.28% | 6,560 | $47.8M | No change |
| TEL Te Connectivity PLC | 0.28% | 209,100 | $47.6M | Add +99.5% |
| GDDY GoDaddy Inc. Class A | 0.28% | 376,500 | $46.7M | No change |
| ILMN Illumina Inc. | 0.27% | 348,011 | $45.6M | Add +27.4% |
| CLX Clorox Company | 0.27% | 451,700 | $45.5M | Add +0.2% |
| IDXX Idexx Laboratories Inc. | 0.27% | 67,088 | $45.4M | Reduce -12.7% |
| ACN Accenture PLC Class A | 0.27% | 168,928 | $45.3M | No change |
| CRM Salesforce Inc. | 0.27% | 170,501 | $45.2M | No change |
| GLPI Gaming and Leisure Propertie | 0.27% | 1,003,629 | $44.9M | Add +15.7% |
| FTNT Fortinet Inc. | 0.26% | 560,747 | $44.5M | Add +38.4% |
| AKAM Akamai Technologies Inc. | 0.26% | 509,800 | $44.5M | Reduce -42.3% |
| PRU Prudential Financial Inc. | 0.26% | 382,900 | $43.2M | Add +36.6% |
| NEM Newmont Corp. | 0.26% | 430,000 | $42.9M | Reduce -23.4% |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -5.3% | 5.58% | −0.85 |
| VRSN Verisign Inc. | Reduce -32.7% | 0.43% | −0.38 |
| VICI Vici Properties Inc. | Reduce -37.9% | 0.36% | −0.37 |
| NFLX Netflix Inc. | Reduce -12.2% | 0.45% | −0.26 |
| C Citigroup Inc. | Reduce -38.2% | 0.47% | −0.25 |
| MO Altria Group Inc. | Reduce -6.0% | 0.68% | −0.22 |
| MS Morgan Stanley | Reduce -34.0% | 0.46% | −0.22 |
| AFL Aflac Inc. | Reduce -45.2% | 0.20% | −0.20 |
| ORCL Oracle Corp. | Reduce -23.1% | 0.19% | −0.20 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.20 |
| KR Kroger Co. | Reduce -13.4% | 0.52% | −0.19 |
| PSA Public Storage | Reduce -15.3% | 0.42% | −0.18 |
| AKAM Akamai Technologies Inc. | Reduce -42.3% | 0.26% | −0.17 |
| DBX Dropbox Inc. Class A | Reduce -32.2% | 0.22% | −0.17 |
| EBAY eBay Inc. | Reduce -15.9% | 0.47% | −0.17 |
| SYF Synchrony Financial | Reduce -40.1% | 0.29% | −0.16 |
| OC Owens Corning | Reduce -16.9% | 0.23% | −0.15 |
| CME Cme Group Inc. | Reduce -22.4% | 0.39% | −0.15 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.15 |
| ACI Albertsons Cos Inc. Class A | Reduce -26.3% | 0.29% | −0.15 |
| DIS The Walt Disney Co. | Reduce -51.6% | 0.12% | −0.15 |
| AMAT Applied Materials Inc. | Reduce -58.1% | 0.13% | −0.14 |
| EW Edwards Lifesciences Corp. | Reduce -26.8% | 0.34% | −0.12 |
| PM Philip Morris International | Reduce -18.4% | 0.35% | −0.12 |
| ABNB Airbnb Inc. Class A | Reduce -49.1% | 0.13% | −0.12 |
| FAST Fastenal Co. | Reduce -23.3% | 0.16% | −0.12 |
| DVA Davita Inc. | Reduce -88.8% | 0.01% | −0.12 |
| GWW WW Grainger Inc. | Reduce -73.2% | 0.04% | −0.12 |
| F Ford Motor Co. | Reduce -49.4% | 0.12% | −0.11 |
| ANET Arista Networks Inc. | Reduce -8.1% | 0.36% | −0.11 |
| LII Lennox International Inc. | Reduce -35.9% | 0.12% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.5% | 0.59% | −0.10 |
| MLI Mueller Industries Inc. | Reduce -25.4% | 0.35% | −0.10 |
| RMD Resmed Inc. | Reduce -27.6% | 0.14% | −0.10 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.10 |
| CF CF Industries Holdings Inc. | Reduce -8.3% | 0.25% | −0.10 |
| CL Colgate-Palmolive Co. | Reduce -4.8% | 0.60% | −0.09 |
| TMUS T-Mobile US Inc. | Reduce -0.0% | 0.33% | −0.09 |
| CAT Caterpillar Inc. | Reduce -39.3% | 0.18% | −0.09 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.08 |
| TAP Molson Coors Beverage Co. Class B | Reduce -43.5% | 0.09% | −0.08 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -21.3% | 0.21% | −0.08 |
| UDR Udr Inc. | Reduce -95.9% | 0.00% | −0.08 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -9.7% | 0.84% | −0.08 |
| PCAR Paccar Inc. | Reduce -14.5% | 0.53% | −0.08 |
| GS Goldman Sachs Group Inc. | Reduce -12.3% | 0.61% | −0.08 |
| APTV Aptiv PLC | Reduce -1.8% | 0.29% | −0.08 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | New | 1.90% | +1.90 |
| AMZN Amazon.com Inc. | Add +52.6% | 3.82% | +1.22 |
| GOOGL Alphabet Inc. Class A | Add +35.4% | 3.13% | +1.17 |
| WMT Walmart Inc. | Add +246.3% | 0.87% | +0.61 |
| AAPL Apple Inc. | Add +12.9% | 6.28% | +0.60 |
| AVGO Broadcom Inc. | Add +32.4% | 1.99% | +0.43 |
| MU Micron Technology Inc. | Add +68.0% | 0.68% | +0.42 |
| GOOG Alphabet Inc. Class C | Add +5.6% | 1.95% | +0.39 |
| IBM Intl Business Machines Corp. | Add +424.6% | 0.46% | +0.37 |
| DUK Duke Energy Corp. | Add +447.3% | 0.36% | +0.28 |
| APP AppLovin Corp. Class A | Add +176.1% | 0.40% | +0.23 |
| LLY Eli Lilly & Co. | Add +21.2% | 0.61% | +0.22 |
| ZM Zoom Communications Inc. | Add +106.6% | 0.39% | +0.19 |
| WDC Western Digital Corp. | Add +98.3% | 0.30% | +0.19 |
| EXPE Expedia Group Inc. | Add +1208.6% | 0.18% | +0.17 |
| FDX FedEx Corp. | Add +89.5% | 0.29% | +0.15 |
| EME Emcor Group Inc. | Add +98.6% | 0.33% | +0.14 |
| TEL Te Connectivity PLC | Add +99.5% | 0.28% | +0.13 |
| LVS Las Vegas Sands Corp. | Add +2990.3% | 0.14% | +0.13 |
| CSCO Cisco Systems Inc. | Add +270.2% | 0.17% | +0.13 |
| AEP American Electric Power | Add +280.5% | 0.17% | +0.13 |
| CTSH Cognizant Tech Solutions-A | Add +18.2% | 0.47% | +0.12 |
| DVN Devon Energy Corp. | Add +552.1% | 0.14% | +0.12 |
| ADBE Adobe Inc. | Add +61.9% | 0.36% | +0.12 |
| CCL Carnival Corp. | Add +83.4% | 0.25% | +0.11 |
| FICO Fair Isaac Corp. | Add +275.8% | 0.14% | +0.11 |
| NOC Northrop Grumman Corp. | Add +70.2% | 0.34% | +0.11 |
| ILMN Illumina Inc. | Add +27.4% | 0.27% | +0.10 |
| APH Amphenol Corp. Class A | Add +152.9% | 0.17% | +0.10 |
| FE Firstenergy Corp. | Add +329.1% | 0.14% | +0.10 |
| PFG Principal Financial Group | Add +78.1% | 0.21% | +0.09 |
| EXPD Expeditors Intl Wash Inc. | Add +42.6% | 0.24% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | New | 0.09% | +0.09 |
| UHS Universal Health Services-B | Add +17.7% | 0.61% | +0.08 |
| BAC Bank of America Corp. | Add +50.8% | 0.25% | +0.08 |
| YUM Yum! Brands Inc. | Add +23.5% | 0.68% | +0.08 |
| PCG P G & E Corp. | New | 0.08% | +0.08 |
| FOXA Fox Corp. Class A | Add +11.8% | 0.47% | +0.07 |
| TRV The Travelers Cos Inc. | Add +152.9% | 0.12% | +0.07 |
| PRU Prudential Financial Inc. | Add +36.6% | 0.26% | +0.07 |
| AMD Advanced Micro Devices | Add +12.5% | 0.25% | +0.07 |
| V Visa Inc. Class A | Add +15.2% | 0.82% | +0.06 |
| ADSK Autodesk Inc. | Add +71.7% | 0.18% | +0.06 |
| TEAM Atlassian Corp. Class A | Add +130.4% | 0.10% | +0.05 |
| FTNT Fortinet Inc. | Add +38.4% | 0.26% | +0.04 |
| IT Gartner Inc. | Add +102.0% | 0.10% | +0.04 |
| WELL Welltower Inc. | Add +16.1% | 0.43% | +0.04 |
| TJX TJX Companies Inc. | Add +24.1% | 0.21% | +0.04 |
| NBIX Neurocrine Biosciences Inc. | Add +50.0% | 0.12% | +0.04 |
| BAH Booz Allen Hamilton Holdings | Add +61.7% | 0.17% | +0.03 |
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 |