Utah Retirement Systems
CIK
1548392
Location
SALT LAKE CITY, UT
Portfolio Value
Large
$10,540,853,026
Diversification
Diversified
Filing Date
Global Rank
#503
/ 8,811
▼ 48
Top Industry
Semiconductors
15.2%
Period ended 4 months ago
Filed Aug 14, 2026 · 2mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Index-like
Active share 3.5% against the Russell 1000 as of 2026-06-30, across 1,023 stocks (index-like at 20% or less with 100+ stocks)
Turnover
Low turnover
2.7% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 24.6 quarters (12+), a floor since 88.1% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2026-06-30, active share 3.5%; sector active share 11.4% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,027 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
6.7%
−0.1 pts
Top 5
25.5%
−0.3 pts
Top 10
34.8%
+0.1 pts
HHI
178
Diversified+2
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 36.8% | $3,874,793,315 |
| Financial Services | 12.3% | $1,296,233,773 |
| Communication Services | 9.5% | $1,005,680,829 |
| Consumer Cyclical | 9.3% | $985,060,777 |
| Industrials | 9.1% | $961,790,172 |
| Healthcare | 8.8% | $924,469,122 |
| Consumer Defensive | 4.3% | $449,987,885 |
| Energy | 3.6% | $378,501,417 |
| Utilities | 2.2% | $227,123,775 |
| Basic Materials | 2.1% | $221,638,407 |
| Real Estate | 2.0% | $211,624,392 |
| Unclassified | 0.0% | $3,949,162 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KLAC | Kla Corp | +177,212 | 198,605 | $59,921,114 | |
| BKNG | Booking Holdings Inc. | +112,255 | 117,542 | $20,950,686 | |
| CVNA | Carvana Co. | +83,273 | 105,250 | $6,927,555 | |
| DVN | Devon Energy Corp/De | +67,008 | 171,135 | $7,071,298 | |
| CRWV | CoreWeave, Inc. | +20,373 | 52,808 | $5,256,508 | |
| MSTR | Strategy Inc | +18,321 | 49,688 | $4,319,377 | |
| BE | Bloom Energy Corp | +17,062 | 40,751 | $12,335,327 | |
| SUNB | Sunbelt Rentals Holdings, Inc. | +16,934 | 62,280 | $4,659,166 | |
| GFL | GFL Environmental Inc. | +10,457 | 39,482 | $1,452,542 | |
| CCL | Carnival Corp Ltd. | +7,180 | 193,463 | $5,527,237 | |
| MDLN | Medline Inc. | +6,193 | 23,405 | $923,093 | |
| PR | Permian Resources Corp | +4,815 | 41,210 | $758,676 | |
| ROIV | Roivant Sciences Ltd. | +2,978 | 25,527 | $903,400 | |
| DDOG | Datadog, Inc. | +2,441 | 53,172 | $13,843,861 | |
| ADT | ADT Inc. | +2,320 | 29,306 | $190,489 | |
| QS | QuantumScape Corp | +2,280 | 26,123 | $197,489 | |
| ALAB | Astera Labs, Inc. | +2,268 | 23,244 | $11,227,316 | |
| RBRK | Rubrik, Inc. | +2,118 | 11,874 | $953,244 | |
| RKLB | Rocket Lab Corp | +1,974 | 81,564 | $8,290,980 | |
| ASTS | AST SpaceMobile, Inc. | +1,885 | 13,355 | $1,186,725 | |
| U | Unity Software Inc. | +1,725 | 18,808 | $537,532 | |
| AS | Amer Sports, Inc. | +1,691 | 9,577 | $324,085 | |
| SHC | Sotera Health Co | +1,510 | 14,568 | $258,582 | |
| SMCI | Super Micro Computer, Inc. | +1,072 | 84,421 | $2,476,067 | |
| RVMD | Revolution Medicines, Inc. | +948 | 9,981 | $1,869,241 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | −263,317 | 3,541,864 | $708,691,567 | |
| AAPL | Apple Inc. | −147,084 | 2,195,192 | $635,200,757 | |
| T | At&T Inc. | −95,072 | 1,028,595 | $21,291,916 | |
| AMZN | Amazon Com Inc | −86,745 | 1,472,877 | $351,045,504 | |
| MSFT | Microsoft Corp | −77,785 | 1,128,021 | $420,774,393 | |
| BAC | Bank Of America Corp /De/ | −63,625 | 1,004,166 | $57,217,378 | |
| GOOGL | Alphabet Inc. | −60,378 | 884,698 | $316,164,524 | |
| PFE | Pfizer Inc | −59,116 | 864,528 | $20,817,834 | |
| XOM | ExxonMobil Holdings Corp | −55,009 | 631,877 | $86,390,223 | |
| HON | Honeywell International Inc | −54,861 | 48,493 | $10,857,582 | |
| INTC | Intel Corp | −52,831 | 665,820 | $92,968,446 | |
| NFLX | Netflix Inc | −52,014 | 637,034 | $45,484,227 | |
| VZ | Verizon Communications Inc | −50,971 | 635,700 | $26,915,538 | |
| CMCSA | Comcast Corp | −49,162 | 538,255 | $13,214,160 | |
| GOOG | Alphabet Inc. | −47,605 | 721,917 | $255,074,933 | |
| CSCO | Cisco Systems, Inc. | −47,245 | 599,877 | $70,461,552 | |
| DD | DuPont de Nemours, Inc. | −46,977 | 20,972 | $2,844,642 | |
| AVGO | Broadcom Inc. | −44,532 | 706,337 | $266,818,801 | |
| KO | Coca Cola Co | −42,154 | 590,118 | $47,958,889 | |
| F | Ford Motor Co | −41,164 | 593,419 | $8,248,524 | |
| WMT | Walmart Inc. | −40,902 | 666,457 | $75,482,919 | |
| WFC | Wells Fargo & Company/Mn | −38,401 | 465,116 | $38,437,186 | |
| JPM | Jpmorgan Chase & Co | −35,707 | 405,969 | $132,885,832 | |
| UBER | Uber Technologies, Inc | −29,755 | 297,451 | $21,464,064 | |
| MRK | Merck & Co., Inc. | −28,429 | 375,627 | $48,268,069 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HONA | Honeywell Aerospace Inc. | 48,493 | $10,720,832 | |
| SPCX | Space Exploration Technologies Corp | 27,605 | $4,716,590 | |
| FDXF | FedEx Freight Holding Company, Inc. | 16,600 | $2,506,600 | |
| CRDO | Credo Technology Group Holding Ltd | 8,595 | $2,337,410 | |
| STRL | Sterling Infrastructure, Inc. | 1,568 | $1,316,116 | |
| FN | Fabrinet | 1,868 | $1,049,965 | |
| IONQ | IonQ, Inc. | 19,145 | $1,019,662 | |
| GH | Guardant Health, Inc. | 6,641 | $996,349 | |
| TTMI | Ttm Technologies Inc | 5,316 | $994,198 | |
| NXT | Nextpower Inc. | 7,722 | $919,999 | |
| IAG | Iamgold Corp | 57,835 | $916,106 | |
| HBM | Hudbay Minerals Inc. | 38,158 | $900,910 | |
| CDE | Coeur Mining, Inc. | 53,598 | $874,719 | |
| SITM | SITIME Corp | 1,159 | $864,104 | |
| AG | First Majestic Silver Corp | 48,375 | $820,440 | |
| DY | Dycom Industries Inc | 1,549 | $783,158 | |
| SMTC | Semtech Corp | 4,835 | $782,544 | |
| IREN | IREN Ltd | 16,851 | $770,596 | |
| RMBS | Rambus Inc | 5,609 | $744,538 | |
| AEIS | Advanced Energy Industries Inc | 1,969 | $734,181 | |
| NAVN | Navan, Inc. | 31,929 | $730,216 | |
| EGO | Eldorado Gold Corp /Fi | 23,414 | $727,941 | |
| ECHO | EchoStar CORP | 7,166 | $727,349 | |
| EQX | Equinox Gold Corp. | 74,820 | $727,250 | |
| MOD | Modine Manufacturing Co | 2,712 | $724,158 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| RYTM | Rhythm Pharmaceuticals, Inc. | 42,177 | $3,668,133 | |
| OMDA | Omada Health, Inc. | 78,391 | $985,374 | |
| LQDA | Liquidia Corp | 10,911 | $411,781 | |
| — | 5,890 | $296,267 | ||
| EXLS | ExlService Holdings, Inc. | 8,364 | $254,683 | |
| LOPE | Grand Canyon Education, Inc. | 1,471 | $250,114 | |
| BFAM | Bright Horizons Family Solutions Inc. | 3,005 | $246,800 | |
| POST | Post Holdings, Inc. | 2,447 | $241,910 | |
| AMTM | Amentum Holdings, Inc. | 8,339 | $217,481 | |
| KRMN | Karman Holdings Inc. | 2,697 | $215,894 | |
| WLK | Westlake Corp | 1,800 | $210,276 | |
| HLNE | Hamilton Lane INC | 2,112 | $209,932 | |
| PEGA | Pegasystems Inc | 4,902 | $208,629 | |
| BF-B | Brown Forman Corp | 7,807 | $206,417 | |
| XRAY | DENTSPLY SIRONA Inc. | 10,595 | $122,902 | |
| PK | Park Hotels & Resorts Inc. | 10,380 | $109,301 | |
| FLO | Flowers Foods Inc | 10,300 | $83,945 | |
| NWL | Newell Brands Inc. | 22,333 | $76,602 | |
| UAA | Under Armour, Inc. | 10,000 | $59,100 | |
| CLVT | Clarivate PLC | 18,713 | $47,343 | |
| COTY | Coty Inc. | 18,249 | $36,680 | |
| — | 122,458 | $0 | ||
| — | 7,900 | $0 | ||
| — | 98,579 | $0 | ||
| — | 36,210 | $0 | ||
| No positions match the current search. | ||||
1,027 tracked positions ·
$10,540,853,026 total
· filing declares
1,027 positions · $10,513,744,625
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,027 positions by value
· page 1 of 21
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 3,541,864 | $708,691,567 | 6.72% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 2,195,192 | $635,200,757 | 6.03% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 1,128,021 | $420,774,393 | 3.99% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 1,472,877 | $351,045,504 | 3.33% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 884,698 | $316,164,524 | 3.00% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 706,337 | $266,818,801 | 2.53% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 721,917 | $255,074,933 | 2.42% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 171,152 | $197,559,042 | 1.87% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 333,746 | $187,995,784 | 1.78% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Reduced | 443,539 | $186,552,503 | 1.77% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 121,217 | $145,391,318 | 1.38% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 246,968 | $143,466,180 | 1.36% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 405,969 | $132,885,832 | 1.26% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 233,917 | $117,049,727 | 1.11% | |
| INTC |
Intel Corp
Technology
|
Reduced | 665,820 | $92,968,446 | 0.88% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 365,854 | $92,915,940 | 0.88% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Reduced | 120,367 | $87,025,341 | 0.83% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 631,877 | $86,390,223 | 0.82% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 250,703 | $86,013,692 | 0.82% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 189,753 | $82,225,667 | 0.78% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 666,457 | $75,482,919 | 0.72% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 68,969 | $73,445,088 | 0.70% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 599,877 | $70,461,552 | 0.67% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 268,819 | $67,645,613 | 0.64% | |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 186,222 | $65,669,326 | 0.62% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 67,381 | $63,032,904 | 0.60% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 122,649 | $62,992,526 | 0.60% | |
| KLAC |
Kla Corp
Technology
|
Added | 198,605 | $59,921,114 | 0.57% | |
| GE |
General Electric Co
Industrials
|
Reduced | 156,823 | $58,609,459 | 0.56% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 1,004,166 | $57,217,378 | 0.54% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 137,102 | $56,983,704 | 0.54% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 151,453 | $53,414,444 | 0.51% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 354,060 | $51,919,358 | 0.49% | |
| SNDK |
Sandisk Corp
Technology
|
Reduced | 22,096 | $50,240,338 | 0.48% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 375,627 | $48,268,069 | 0.46% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 40,853 | $47,996,555 | 0.46% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 590,118 | $47,958,889 | 0.45% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 281,696 | $46,693,928 | 0.44% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 637,034 | $45,484,227 | 0.43% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 43,783 | $44,280,812 | 0.42% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 236,780 | $42,835,869 | 0.41% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Reduced | 122,434 | $41,752,442 | 0.40% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 138,069 | $41,154,226 | 0.39% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 142,851 | $40,171,129 | 0.38% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Reduced | 132,438 | $39,451,955 | 0.37% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 337,159 | $39,336,340 | 0.37% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 204,803 | $38,857,273 | 0.37% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 465,116 | $38,437,186 | 0.36% | |
| ORCL |
Oracle Corp
Technology
|
Reduced | 260,201 | $38,132,456 | 0.36% | |
| LIN |
Linde PLC
Basic Materials
|
Reduced | 70,013 | $36,332,546 | 0.34% |
Showing the top 50 of 1,027 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.