VIRGINIA RETIREMENT SYSTEMS ET Al
PensionFiling Date
Global Rank
#317
/ 8,652
▲ 17
Top Industry
Semiconductors
9.4%
3Y Alpha vs SPY
-4.3%
Period ended 6 months ago
Filed Feb 4, 2026 · 4mo
18 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+60.2%
SPY
+78.1%
Annualised alpha
-4.2%
Max drawdown
−16.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
935 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
6.5%
−0.1 pts
Top 5
24.8%
+1.1 pts
Top 10
32.9%
+2.3 pts
HHI
170
Diversified+7
Portfolio Trend
18 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 31.6% | $5,098,264,123 |
| Consumer Cyclical | 11.6% | $1,876,027,524 |
| Healthcare | 11.5% | $1,861,207,950 |
| Financial Services | 11.2% | $1,814,202,466 |
| Communication Services | 9.4% | $1,513,204,398 |
| Industrials | 7.9% | $1,276,937,917 |
| Consumer Defensive | 6.4% | $1,029,800,616 |
| Real Estate | 6.1% | $989,890,162 |
| Utilities | 1.9% | $306,735,009 |
| Energy | 1.5% | $240,871,189 |
| Basic Materials | 0.9% | $139,917,354 |
| Unclassified | 0.0% | $1,902,095 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AMZN | Amazon Com Inc | +959,300 | 2,782,900 | $642,348,978 | |
| WMT | Walmart Inc. | +929,400 | 1,306,726 | $145,582,343 | |
| NFLX | Netflix Inc | +710,967 | 802,380 | $75,231,148 | |
| CCL | Carnival Corp Ltd. | +630,200 | 1,385,600 | $42,316,224 | |
| DVN | Devon Energy Corp/De | +538,300 | 635,800 | $23,289,354 | |
| AAPL | Apple Inc. | +442,100 | 3,880,040 | $1,054,827,674 | |
| GOOGL | Alphabet Inc. | +439,800 | 1,681,072 | $526,175,536 | |
| DUK | Duke Energy CORP | +420,005 | 513,905 | $60,234,805 | |
| FE | Firstenergy Corp | +400,800 | 522,600 | $23,396,802 | |
| ZM | Zoom Communications, Inc. | +387,824 | 751,624 | $64,857,634 | |
| KIM | Kimco Realty Corp | +358,300 | 1,499,653 | $30,397,966 | |
| LVS | Las Vegas Sands Corp | +337,900 | 349,200 | $22,729,428 | |
| XHR | Xenia Hotels & Resorts, Inc. | +276,450 | 310,850 | $4,395,419 | |
| CSCO | Cisco Systems, Inc. | +271,600 | 372,111 | $28,663,710 | |
| BAC | Bank Of America Corp /De/ | +254,200 | 754,469 | $41,495,795 | |
| BKD | Brookdale Senior Living Inc. | +237,150 | 249,785 | $2,695,180 | |
| AVGO | Broadcom Inc. | +236,600 | 966,310 | $334,439,891 | |
| OGN | Organon & Co. | +232,600 | 254,500 | $1,824,765 | |
| DT | Dynatrace, Inc. | +232,100 | 847,400 | $36,726,316 | |
| IBM | International Business Machines Corp | +211,040 | 260,740 | $77,233,795 | |
| DOC | Healthpeak Properties, Inc. | +204,100 | 320,040 | $5,146,243 | |
| AEP | American Electric Power Co Inc | +187,100 | 253,800 | $29,265,678 | |
| KRG | Kite Realty Group Trust | +182,350 | 365,777 | $8,767,674 | |
| NTST | NETSTREIT Corp. | +180,600 | 342,800 | $6,046,992 | |
| PFG | Principal Financial Group Inc | +174,100 | 397,100 | $35,028,191 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| F | Ford Motor Co | −1,482,200 | 1,515,700 | $19,885,984 | |
| VICI | Vici Properties Inc. | −1,312,117 | 2,154,640 | $60,588,476 | |
| ACI | Albertsons Companies, Inc. | −1,031,200 | 2,887,200 | $49,573,224 | |
| DBX | Dropbox, Inc. | −642,450 | 1,351,550 | $37,573,090 | |
| C | Citigroup Inc | −418,400 | 677,960 | $79,111,152 | |
| SYF | Synchrony Financial | −387,400 | 577,970 | $48,220,037 | |
| AKAM | Akamai Technologies Inc | −373,264 | 509,800 | $44,480,050 | |
| UDR | UDR, Inc. | −330,900 | 14,210 | $521,222 | |
| NVDA | Nvidia Corp | −282,000 | 5,030,390 | $938,167,735 | |
| SBRA | Sabra Health Care REIT, Inc. | −267,650 | 310,150 | $5,874,241 | |
| CRBG | Corebridge Financial, Inc. | −263,600 | 441,900 | $13,332,123 | |
| TAP | Molson Coors Beverage Co | −261,926 | 340,800 | $15,908,544 | |
| AFL | Aflac Inc | −248,878 | 302,100 | $33,312,567 | |
| EW | Edwards Lifesciences Corp | −247,600 | 675,711 | $57,604,362 | |
| MS | Morgan Stanley | −222,400 | 432,000 | $76,692,960 | |
| KR | Kroger Co | −217,100 | 1,397,900 | $87,340,792 | |
| FAST | Fastenal Co | −207,800 | 683,484 | $27,428,212 | |
| DIS | Walt Disney Co | −184,800 | 173,200 | $19,704,964 | |
| MLI | Mueller Industries Inc | −175,500 | 514,755 | $59,093,874 | |
| ALIT | Alight, Inc. / Delaware | −174,700 | 285,500 | $556,725 | |
| EBAY | Ebay Inc | −171,300 | 908,608 | $79,139,756 | |
| MAC | Macerich Co | −162,450 | 561,783 | $10,370,514 | |
| ABNB | Airbnb, Inc. | −157,300 | 163,199 | $22,149,368 | |
| MRK | Merck & Co., Inc. | −151,000 | 1,356,338 | $142,768,137 | |
| VRSN | Verisign Inc/Ca | −146,260 | 300,931 | $73,111,186 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TMO | Thermo Fisher Scientific Inc. | 25,440 | $14,741,208 | |
| PCG | PG&E Corp | 800,700 | $12,867,249 | |
| SPOT | Spotify Technology S.A. | 8,560 | $4,970,877 | |
| TRNO | Terreno Realty Corp | 67,500 | $3,962,925 | |
| IIPR | Innovative Industrial Properties Inc | 72,550 | $3,435,968 | |
| AOS | Smith A O Corp | 47,240 | $3,159,411 | |
| RRR | Red Rock Resorts, Inc. | 43,700 | $2,707,215 | |
| LXP | LXP Industrial Trust | 50,720 | $2,514,697 | |
| HHH | Howard Hughes Holdings Inc. | 30,810 | $2,457,713 | |
| JEF | Jefferies Financial Group Inc. | 37,750 | $2,339,367 | |
| PBI | Pitney Bowes Inc /De/ | 198,720 | $2,100,470 | |
| CNM | Core & Main, Inc. | 39,250 | $2,039,822 | |
| HL | Hecla Mining Co/De/ | 105,850 | $2,031,261 | |
| FNB | Fnb Corp/Pa/ | 118,600 | $2,028,060 | |
| CDE | Coeur Mining, Inc. | 108,650 | $1,937,229 | |
| BYD | Boyd Gaming Corp | 22,550 | $1,922,162 | |
| OTIS | Otis Worldwide Corp | 19,600 | $1,712,060 | |
| DY | Dycom Industries Inc | 5,010 | $1,692,879 | |
| FDS | Factset Research Systems Inc | 5,520 | $1,601,848 | |
| TDS | Telephone & Data Systems Inc /De/ | 37,400 | $1,533,400 | |
| FND | Floor & Decor Holdings, Inc. | 24,800 | $1,510,072 | |
| CE | Celanese Corp | 35,043 | $1,481,618 | |
| ALB | Albemarle Corp | 10,200 | $1,442,688 | |
| LLYVA | Liberty Live Holdings, Inc. | 17,000 | $1,385,500 | |
| KBH | Kb Home | 22,900 | $1,291,789 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CTAS | Cintas Corp | 147,064 | $30,186,356 | |
| UTHR | UNITED THERAPEUTICS Corp | 56,100 | $23,517,681 | |
| FFIV | F5, Inc. | 45,800 | $14,802,102 | |
| ELV | Elevance Health, Inc. | 40,400 | $13,054,048 | |
| WBD | Warner Bros. Discovery, Inc. | 640,500 | $12,508,965 | |
| BMRN | Biomarin Pharmaceutical Inc | 224,700 | $12,169,752 | |
| BSX | Boston Scientific Corp | 113,600 | $11,090,768 | |
| PFE | Pfizer Inc | 410,100 | $10,449,348 | |
| CMCSA | Comcast Corp | 334,496 | $9,849,903 | |
| MELI | Mercadolibre Inc | 3,600 | $8,412,983 | |
| CVNA | Carvana Co. | 18,200 | $6,865,768 | |
| HPQ | Hp Inc | 154,400 | $4,204,312 | |
| LIN | Linde PLC | 8,800 | $4,180,000 | |
| CRDO | Credo Technology Group Holding Ltd | 28,400 | $4,135,324 | |
| CIEN | Ciena Corp | 28,135 | $4,098,425 | |
| CHTR | Charter Communications, Inc. /Mo/ | 13,500 | $3,713,985 | |
| FCPT | Four Corners Property Trust, Inc. | 146,669 | $3,578,723 | |
| ALAB | Astera Labs, Inc. | 17,900 | $3,504,820 | |
| INSM | INSMED Inc | 21,265 | $3,062,372 | |
| VIRT | Virtu Financial, Inc. | 65,338 | $2,319,499 | |
| FLEX | Flex Ltd. | 38,563 | $2,235,497 | |
| SATS | EchoStar CORP | 27,270 | $2,082,337 | |
| BE | Bloom Energy Corp | 22,900 | $1,936,653 | |
| SE | Sea Ltd | 9,900 | $1,769,427 | |
| AVAV | AeroVironment Inc | 5,300 | $1,668,917 | |
| No positions match the current search. | ||||
30 positions ·
$139,917,354 total
· Basic Materials only
· as of Dec 31, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| USAR |
USA Rare Earth, Inc.
Basic Materials
|
NEW | 16,100 | $191,590 | 0.14% | |
| SXT |
Sensient Technologies Corp
Basic Materials
|
NEW | 2,150 | $201,992 | 0.14% | |
| ASIX |
AdvanSix Inc.
Basic Materials
|
Reduced | 14,980 | $259,154 | 0.19% | |
| UFPI |
Ufp Industries Inc
Basic Materials
|
NEW | 3,260 | $296,823 | 0.21% | |
| USLM |
United States Lime & Minerals Inc
Basic Materials
|
Held | 2,800 | $335,272 | 0.24% | |
| HUN |
Huntsman CORP
Basic Materials
|
NEW | 35,000 | $350,000 | 0.25% | |
| CENX |
Century Aluminum Co
Basic Materials
|
Reduced | 13,200 | $517,176 | 0.37% | |
| MP |
MP Materials Corp. / DE
Basic Materials
|
Added | 11,100 | $560,772 | 0.40% | |
| AVNT |
Avient Corp
Basic Materials
|
Reduced | 22,673 | $708,304 | 0.51% | |
| AXTA |
Axalta Coating Systems Ltd.
Basic Materials
|
Reduced | 22,121 | $714,729 | 0.51% | |
| SCCO |
Southern Copper Corp/
Basic Materials
|
Added | 6,072 | $864,235 | 0.62% | |
| PRM |
Perimeter Solutions, Inc.
Basic Materials
|
Reduced | 33,050 | $909,866 | 0.65% | |
| CBT |
Cabot Corp
Basic Materials
|
Held | 14,308 | $948,334 | 0.68% | |
| RGLD |
Royal Gold Inc
Basic Materials
|
Reduced | 4,850 | $1,078,106 | 0.77% | |
| WDFC |
Wd 40 Co
Basic Materials
|
Reduced | 5,945 | $1,170,570 | 0.84% | |
| EMN |
Eastman Chemical Co
Basic Materials
|
Added | 19,800 | $1,263,834 | 0.90% | |
| OLN |
OLIN Corp
Basic Materials
|
Added | 63,928 | $1,331,620 | 0.95% | |
| ALB |
Albemarle Corp
Basic Materials
|
NEW | 10,200 | $1,442,688 | 1.03% | |
| CE |
Celanese Corp
Basic Materials
|
NEW | 35,043 | $1,481,618 | 1.06% | |
| RPM |
Rpm International Inc/De/
Basic Materials
|
Held | 14,500 | $1,508,000 | 1.08% | |
| CDE |
Coeur Mining, Inc.
Basic Materials
|
NEW | 108,650 | $1,937,229 | 1.38% | |
| SLVM |
Sylvamo Corp
Basic Materials
|
Reduced | 41,875 | $2,016,281 | 1.44% | |
| HL |
Hecla Mining Co/De/
Basic Materials
|
NEW | 105,850 | $2,031,261 | 1.45% | |
| MOS |
Mosaic Co
Basic Materials
|
Reduced | 96,750 | $2,330,707 | 1.67% | |
| AA |
Alcoa Corp
Basic Materials
|
Added | 50,900 | $2,704,826 | 1.93% | |
| NEU |
Newmarket Corp
Basic Materials
|
Held | 3,964 | $2,724,298 | 1.95% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Held | 48,300 | $6,027,840 | 4.31% | |
| RS |
Reliance, Inc.
Basic Materials
|
Held | 64,811 | $18,721,953 | 13.38% | |
| CF |
CF Industries Holdings, Inc.
Basic Materials
|
Reduced | 547,618 | $42,352,776 | 30.27% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Reduced | 430,000 | $42,935,500 | 30.69% |