Virginia Retirement Systems portfolio
Pension or sovereign fundPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 28, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Virginia Retirement Systems reported a $16.3 bn portfolio of 1,243 companies (1,245 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are NVDA, AAPL, MSFT. During the quarter it exited Exxon Mobil.
Sections with a free account
What changed this quarter
1182 positions with a change (108 new, 469 added to, 442 trimmed, 163 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Exxon Mobil−1.0 ppof portfolioSold out1.0% → —
- NVIDIA−11%fewer sharesReduced6.2% → 6.4%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- NVIDIANVDA6.4%
- AppleAAPL6.4%
- MicrosoftMSFT4.6%
- AlphabetGOOGL · GOOG4.4%
- Amazon.comAMZN2.6%
- Micron TechnologyMU1.8%
- Meta PlatformsMETA1.7%
- BroadcomAVGO1.7%
- Johnson & JohnsonJNJ1.3%
- VisaV1.1%
- Advanced Micro DevicesAMD0.9%
- Eli LillyLLY0.9%
- JPMorgan ChaseJPM0.9%
- Verizon CommunicationsVZ0.9%
- Lam ResearchLRCX0.8%
Portfolio by sector
- ● Information Technology 37%
- ● Financials 12%
- ● Health Care 11%
- ● Communication Services 8%
- ● Industrials 8%
- ● Consumer Discretionary 8%
- ● Real Estate 6%
- ● Consumer Staples 5%
- ● Utilities 2%
- ● Energy 2%
- ● Materials 1%
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; its top 10 positions are under 45%; it is a pension or sovereign fund; its 13F is the US slice of a global allocation. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Lone Pine CapitalInvestment firm · $16.4 bn
- Newlands Management Operations$16.6 bn
- PineStone Asset ManagementInvestment firm · $15.4 bn
- Independent Franchise Partners LLPInvestment firm · $15.2 bn
- H&H International InvestmentFamily office · $19.1 bn
- Fundsmith LLPInvestment firm · $13.6 bn