Retirement Systems of Alabama
PensionCIK
1593051
Location
MONTGOMERY, AL
Portfolio Value
Large
$27,067,059,992
Diversification
Diversified
Filing Date
Global Rank
#230
/ 8,608
▼ 4
· as of Mar 2026
Top Industry
Semiconductors
10.4%
3Y Alpha vs SPY
-3.1%
Period ended 3 months ago
Filed Apr 24, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+61.1%
SPY
+73.9%
Annualised alpha
-3.0%
Max drawdown
−18.6%
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
924 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
5.7%
−0.2 pts
Top 5
19.6%
−1.8 pts
Top 10
26.7%
−2.2 pts
HHI
114
Diversified−15
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.9% | $7,825,742,628 |
| Financial Services | 13.2% | $3,560,500,939 |
| Industrials | 11.8% | $3,203,507,557 |
| Consumer Cyclical | 10.4% | $2,808,871,948 |
| Healthcare | 9.5% | $2,566,027,347 |
| Communication Services | 6.5% | $1,761,786,103 |
| Real Estate | 5.2% | $1,416,140,951 |
| Consumer Defensive | 5.1% | $1,390,893,413 |
| Energy | 4.4% | $1,188,954,675 |
| Utilities | 2.6% | $705,079,654 |
| Basic Materials | 2.3% | $633,181,469 |
| Unclassified | 0.0% | $6,373,308 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| KEY | Keycorp /New/ | +1,474,883 | 1,672,509 | $33,533,805 | |
| PINS | Pinterest, Inc. | +604,653 | 1,669,003 | $30,609,515 | |
| DIS | Walt Disney Co | +585,690 | 965,483 | $93,053,251 | |
| TTD | Trade Desk, Inc. | +398,397 | 1,309,016 | $29,701,573 | |
| APG | APi Group Corp | +363,322 | 807,570 | $32,722,736 | |
| CXT | Crane NXT, Co. | +325,881 | 385,148 | $15,633,157 | |
| OLN | OLIN Corp | +315,602 | 452,567 | $13,454,816 | |
| VVV | Valvoline Inc | +248,046 | 400,604 | $13,492,342 | |
| AMZN | Amazon Com Inc | +242,550 | 3,984,816 | $829,917,628 | |
| BRBR | Bellring Brands, Inc. | +238,971 | 777,917 | $12,516,684 | |
| AA | Alcoa Corp | +225,177 | 535,976 | $35,551,288 | |
| HPE | Hewlett Packard Enterprise Co | +212,425 | 4,283,127 | $101,981,253 | |
| LVS | Las Vegas Sands Corp | +195,702 | 827,239 | $44,571,637 | |
| CELH | Celsius Holdings, Inc. | +168,531 | 554,611 | $19,677,598 | |
| RYN | Rayonier Inc | +162,775 | 340,985 | $7,031,110 | |
| CMCSA | Comcast Corp | +161,944 | 2,651,724 | $76,130,996 | |
| CMC | COMMERCIAL METALS Co | +151,788 | 284,966 | $17,505,461 | |
| CTSH | Cognizant Technology Solutions Corp | +145,353 | 1,468,085 | $90,067,014 | |
| HD | Home Depot, Inc. | +123,336 | 446,570 | $146,872,407 | |
| EQH | Equitable Holdings, Inc. | +113,926 | 457,811 | $16,989,366 | |
| SF | Stifel Financial Corp | +109,026 | 398,483 | $29,455,863 | |
| LHX | L3harris Technologies, Inc. /De/ | +98,271 | 138,064 | $47,652,789 | |
| HBAN | Huntington Bancshares Inc /Md/ | +96,581 | 431,039 | $6,745,760 | |
| WDAY | Workday, Inc. | +95,375 | 340,458 | $44,232,303 | |
| YUM | Yum Brands Inc | +77,195 | 424,451 | $65,993,641 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery, Inc. | −1,733,583 | 526,307 | $14,452,390 | |
| SBUX | Starbucks Corp | −578,813 | 241,939 | $21,675,315 | |
| FOXA | Fox Corp | −414,622 | 42,618 | $2,488,891 | |
| TJX | Tjx Companies Inc /De/ | −371,923 | 235,817 | $37,659,974 | |
| GTM | ZoomInfo Technologies Inc. | −329,086 | 1,088,013 | $6,506,317 | |
| AKAM | Akamai Technologies Inc | −325,950 | 839,359 | $96,400,381 | |
| PG | PROCTER & GAMBLE Co | −256,794 | 747,130 | $107,915,457 | |
| LOW | Lowes Companies Inc | −191,066 | 119,122 | $28,146,146 | |
| HUM | Humana Inc | −187,408 | 25,608 | $4,440,171 | |
| GM | General Motors Co | −187,041 | 790,540 | $58,895,230 | |
| SMG | Scotts Miracle-Gro Co | −162,410 | 54,788 | $3,331,658 | |
| COHR | Coherent Corp. | −148,796 | 39,814 | $9,484,092 | |
| CIEN | Ciena Corp | −139,378 | 29,912 | $11,612,735 | |
| IPGP | Ipg Photonics Corp | −134,479 | 79,319 | $9,089,164 | |
| ECHO | EchoStar CORP | −132,971 | 28,588 | $3,346,797 | |
| BRX | Brixmor Property Group Inc. | −119,905 | 934,964 | $26,926,963 | |
| WMT | Walmart Inc. | −119,747 | 1,638,203 | $203,595,868 | |
| ATR | Aptargroup, Inc. | −94,724 | 78,928 | $9,946,506 | |
| WFC | Wells Fargo & Company/Mn | −84,664 | 1,668,002 | $132,789,639 | |
| RPM | Rpm International Inc/De/ | −81,462 | 157,014 | $15,607,191 | |
| POST | Post Holdings, Inc. | −72,836 | 51,738 | $5,114,818 | |
| LITE | Lumentum Holdings Inc. | −69,931 | 15,161 | $10,654,544 | |
| JPM | Jpmorgan Chase & Co | −66,605 | 875,631 | $257,575,614 | |
| UNM | Unum Group | −65,470 | 344,289 | $25,143,425 | |
| FHN | First Horizon Corp | −58,802 | 1,332,035 | $30,317,116 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
19 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PNFP | Pinnacle Financial Partners, Inc. | 402,152 | $34,641,373 | |
| VRT | Vertiv Holdings Co | 81,238 | $20,356,618 | |
| AHR | American Healthcare REIT, Inc. | 423,597 | $19,976,834 | |
| AEIS | Advanced Energy Industries Inc | 46,274 | $14,933,082 | |
| SOLS | Solstice Advanced Materials Inc. | 194,615 | $14,821,878 | |
| TTMI | Ttm Technologies Inc | 126,678 | $12,340,970 | |
| ARWR | Arrowhead Pharmaceuticals, Inc. | 171,672 | $10,763,834 | |
| MOG-A | Moog Inc. | 34,853 | $10,199,381 | |
| CTRE | CareTrust REIT, Inc. | 273,883 | $10,037,811 | |
| IDCC | InterDigital, Inc. | 31,491 | $9,510,282 | |
| SITM | SITIME Corp | 27,082 | $9,352,768 | |
| CC | Chemours Co | 405,500 | $8,933,165 | |
| BROS | Dutch Bros Inc. | 155,733 | $7,889,433 | |
| NBIS | Nebius Group N.V. | 64,100 | $6,651,016 | |
| SARO | StandardAero, Inc. | 232,507 | $6,005,655 | |
| AMCR | Amcor plc | 98,119 | $3,900,230 | |
| VICR | Vicor Corp | 24,103 | $3,880,583 | |
| PODD | Insulet Corp | 14,938 | $3,134,589 | |
| QGEN | Qiagen N.V. | 61,789 | $2,474,031 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| KMPR | KEMPER Corp | 70,265 | $2,848,543 | |
| EFOR | Everforth Inc | 51,247 | $2,468,567 | |
| MOH | Molina Healthcare, Inc. | 10,935 | $1,897,659 | |
| WIX | Wix.com Ltd. | 17,000 | $1,766,130 | |
| PAYC | Paycom Software, Inc. | 10,395 | $1,656,547 | |
| LW | Lamb Weston Holdings, Inc. | 29,646 | $1,241,870 | |
| No positions match the current search. | ||||
924 positions ·
$27,067,059,992 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 924 positions by value
· page 1 of 19
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 8,849,634 | $1,543,376,169 | 5.70% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 5,194,467 | $1,318,303,779 | 4.87% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 2,587,515 | $957,820,427 | 3.54% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 3,984,816 | $829,917,628 | 3.07% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 2,108,623 | $652,639,904 | 2.41% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 1,977,290 | $568,589,512 | 2.10% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 703,972 | $402,763,500 | 1.49% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 741,297 | $355,229,522 | 1.31% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 805,811 | $299,560,239 | 1.11% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 1,212,811 | $296,459,520 | 1.10% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 875,631 | $257,575,614 | 0.95% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 1,401,008 | $237,695,017 | 0.88% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 1,145,808 | $237,067,675 | 0.88% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 735,983 | $222,443,501 | 0.82% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 2,743,786 | $212,890,355 | 0.79% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 1,638,203 | $203,595,868 | 0.75% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 194,445 | $193,750,831 | 0.72% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 362,562 | $181,157,728 | 0.67% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 794,570 | $172,811,029 | 0.64% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 232,928 | $165,020,170 | 0.61% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 3,384,831 | $165,010,511 | 0.61% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 669,096 | $162,182,179 | 0.60% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Reduced | 466,913 | $159,586,194 | 0.59% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Reduced | 168,279 | $154,777,975 | 0.57% | |
| GE |
General Electric Co
Industrials
|
Reduced | 529,207 | $150,173,070 | 0.55% | |
| MU |
Micron Technology Inc
Technology
|
Added | 440,887 | $148,949,264 | 0.55% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 446,570 | $146,872,407 | 0.54% | |
| PLD |
Prologis, Inc.
Real Estate
|
Reduced | 1,091,705 | $144,301,566 | 0.53% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 169,140 | $143,090,748 | 0.53% | |
| EQIX |
Equinix Inc
Real Estate
|
Reduced | 144,203 | $141,353,548 | 0.52% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 1,821,823 | $138,549,639 | 0.51% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 836,624 | $138,327,412 | 0.51% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 1,668,002 | $132,789,639 | 0.49% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 705,994 | $131,787,899 | 0.49% | |
| MS |
Morgan Stanley
Financial Services
|
Reduced | 789,590 | $129,942,826 | 0.48% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 1,332,620 | $128,131,413 | 0.47% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 1,086,502 | $123,220,191 | 0.46% | |
| AMGN |
Amgen Inc
Healthcare
|
Reduced | 344,265 | $121,129,640 | 0.45% | |
| AXP |
American Express Co
Financial Services
|
Reduced | 372,457 | $112,660,793 | 0.42% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 747,130 | $107,915,457 | 0.40% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Reduced | 1,131,480 | $106,336,490 | 0.39% | |
| WELL |
Welltower Inc.
Real Estate
|
Added | 537,291 | $106,227,803 | 0.39% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 2,111,750 | $106,009,850 | 0.39% | |
| HPE |
Hewlett Packard Enterprise Co
Technology
|
Added | 4,283,127 | $101,981,253 | 0.38% | |
| REGN |
Regeneron Pharmaceuticals, Inc.
Healthcare
|
Reduced | 128,285 | $99,118,122 | 0.37% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Reduced | 201,354 | $98,971,531 | 0.37% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 3,474,970 | $97,577,157 | 0.36% | |
| COP |
Conocophillips
Energy
|
Reduced | 730,650 | $96,445,800 | 0.36% | |
| AKAM |
Akamai Technologies Inc
Technology
|
Reduced | 839,359 | $96,400,381 | 0.36% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
Added | 207,944 | $95,860,104 | 0.35% |