Retirement Systems of Alabama
PensionFiling Date
Global Rank
#229
/ 8,588
▼ 1
Top Industry
Semiconductors
10.3%
3Y Alpha vs SPY
-3.6%
Period ended 3 months ago
Filed Apr 24, 2026 · 54d
25 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
+62.6%
SPY
+76.8%
Annualised alpha
-3.3%
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
19.4%
−1.7 pts
Top 10
26.5%
−2.2 pts
HHI
112
Diversified−15
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 29.1% | $7,932,041,085 |
| Financial Services | 13.1% | $3,561,991,454 |
| Industrials | 11.8% | $3,211,944,323 |
| Consumer Cyclical | 10.7% | $2,911,830,037 |
| Healthcare | 9.4% | $2,566,027,347 |
| Communication Services | 6.5% | $1,761,786,103 |
| Real Estate | 5.2% | $1,416,140,951 |
| Consumer Defensive | 5.1% | $1,395,297,958 |
| Energy | 4.4% | $1,188,954,675 |
| Utilities | 2.6% | $705,079,654 |
| Basic Materials | 2.3% | $625,221,979 |
| 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 | |
| SATS | 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. | ||||
149 positions ·
$7,932,041,085 total
· Technology only
· 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 149 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 8,849,634 | $1,543,376,169 | 19.46% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 5,194,467 | $1,318,303,779 | 16.62% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 2,587,515 | $957,820,427 | 12.08% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 2,108,623 | $652,639,904 | 8.23% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 2,743,786 | $212,890,355 | 2.68% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 669,096 | $162,182,179 | 2.04% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Reduced | 466,913 | $159,586,194 | 2.01% | |
| MU |
Micron Technology Inc
Technology
|
Added | 440,887 | $148,949,264 | 1.88% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 705,994 | $131,787,899 | 1.66% | |
| HPE |
Hewlett Packard Enterprise Co
Technology
|
Added | 4,283,127 | $101,981,253 | 1.29% | |
| KLAC |
Kla Corp
Technology
|
Reduced | 68,386 | $100,692,230 | 1.27% | |
| AKAM |
Akamai Technologies Inc
Technology
|
Reduced | 839,359 | $96,400,381 | 1.22% | |
| CTSH |
Cognizant Technology Solutions Corp
Technology
|
Added | 1,468,085 | $90,067,014 | 1.14% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 359,486 | $87,383,856 | 1.10% | |
| QCOM |
Qualcomm Inc/De
Technology
|
Reduced | 648,194 | $83,474,423 | 1.05% | |
| NTAP |
NetApp, Inc.
Technology
|
Reduced | 782,954 | $80,166,660 | 1.01% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 1,070,118 | $76,973,587 | 0.97% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 485,095 | $70,959,696 | 0.89% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 346,231 | $70,433,772 | 0.89% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 342,533 | $66,499,356 | 0.84% | |
| ZM |
Zoom Communications, Inc.
Technology
|
Added | 758,533 | $60,978,467 | 0.77% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 265,187 | $56,659,854 | 0.71% | |
| ORCL |
Oracle Corp
Technology
|
Added | 360,098 | $52,974,016 | 0.67% | |
| TWLO |
Twilio Inc
Technology
|
Added | 369,322 | $46,468,094 | 0.59% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Reduced | 224,541 | $45,622,240 | 0.58% | |
| WDAY |
Workday, Inc.
Technology
|
Added | 340,458 | $44,232,303 | 0.56% | |
| INTC |
Intel Corp
Technology
|
Added | 997,084 | $44,001,316 | 0.55% | |
| MKSI |
Mks Inc
Technology
|
Added | 158,446 | $36,412,475 | 0.46% | |
| ADI |
Analog Devices Inc
Technology
|
Reduced | 103,763 | $33,011,160 | 0.42% | |
| APH |
Amphenol Corp /De/
Technology
|
Added | 261,035 | $32,981,772 | 0.42% | |
| FLEX |
Flex Ltd.
Technology
|
Added | 450,748 | $29,505,964 | 0.37% | |
| MCHP |
Microchip Technology Inc
Technology
|
Reduced | 449,587 | $29,047,816 | 0.37% | |
| NTNX |
Nutanix, Inc.
Technology
|
Added | 731,641 | $27,809,674 | 0.35% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 171,617 | $27,513,637 | 0.35% | |
| ANET |
Arista Networks, Inc.
Technology
|
Reduced | 219,284 | $26,923,689 | 0.34% | |
| DOCU |
Docusign, Inc.
Technology
|
Added | 548,638 | $26,010,927 | 0.33% | |
| ACN |
Accenture plc
Technology
|
Reduced | 130,665 | $25,909,562 | 0.33% | |
| INTU |
Intuit Inc.
Technology
|
Reduced | 59,094 | $25,551,063 | 0.32% | |
| VNT |
Vontier Corp
Technology
|
Reduced | 696,704 | $24,712,090 | 0.31% | |
| P |
Everpure, Inc.
Technology
|
Added | 411,342 | $24,285,631 | 0.31% | |
| MTSI |
MACOM Technology Solutions Holdings, Inc.
Technology
|
Added | 108,486 | $24,091,486 | 0.30% | |
| LSCC |
Lattice Semiconductor Corp
Technology
|
Added | 258,693 | $23,996,362 | 0.30% | |
| BDC |
Belden Inc.
Technology
|
Added | 203,108 | $23,322,891 | 0.29% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 222,127 | $23,223,377 | 0.29% | |
| FN |
Fabrinet
Technology
|
Added | 43,921 | $22,905,679 | 0.29% | |
| GLW |
Corning Inc /Ny
Technology
|
Reduced | 165,795 | $22,543,146 | 0.28% | |
| CACI |
Caci International Inc /De/
Technology
|
Added | 40,461 | $22,005,524 | 0.28% | |
| NXT |
Nextpower Inc.
Technology
|
Added | 182,023 | $21,942,872 | 0.28% | |
| ENTG |
Entegris Inc
Technology
|
Added | 186,343 | $21,846,853 | 0.28% | |
| OKTA |
Okta, Inc.
Technology
|
Added | 270,400 | $21,283,184 | 0.27% |