Retirement Systems of Alabama portfolio
Pension or sovereign fundPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Nov 4, 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.
Retirement Systems of Alabama reported a $33.9 bn portfolio of 939 companies (942 positions, counting each share class separately) to the SEC as of the end of Q3 2026. Its largest positions are NVDA, AAPL, MSFT.
Sections with a free account
What changed this quarter
504 positions with a change (12 new, 182 added to, 290 trimmed, 20 sold). 2 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- iShares Core U.s. Aggregate ETF+12,596%more sharesIncreasedunder 0.1% → 1.0%
- Vanguard Total Bond Market ETF+140%more sharesIncreased0.7% → 1.6%
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
- NVIDIANVDA6.2%
- AppleAAPL5.2%
- MicrosoftMSFT3.9%
- AlphabetGOOGL · GOOG3.8%
- Amazon.comAMZN2.8%
- IsharesIEMG1.8%
- iShares Msci Emerging Market ETFEEM1.8%
- BroadcomAVGO1.7%
- Meta PlatformsMETA1.6%
- Vanguard Total Bond Market ETFBND1.6%
- Dimensional ETF TrustDFAE1.5%
- Advanced Micro DevicesAMD1.2%
- Micron TechnologyMU1.2%
- Berkshire HathawayBRK/B1.1%
- TeslaTSLA1.1%
Portfolio by sector
- ● Information Technology 32%
- ● Financials 11%
- ● Industrials 9%
- ● No sector 9%
- ● Health Care 8%
- ● Consumer Discretionary 8%
- ● Communication Services 7%
- ● Real Estate 4%
- ● Consumer Staples 4%
- ● Energy 3%
- ● Materials 2%
- ● Utilities 2%
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.
- D1 Capital PartnersInvestment firm · $34.8 bn
- Viking Global InvestorsInvestment firm · $35.1 bn
- Eagle Capital ManagementInvestment firm · $32.7 bn
- Orbis Allan GrayInvestment firm · $29.1 bn
- Winslow Capital ManagementInvestment firm · $29.1 bn
- Sands Capital ManagementInvestment firm · $26.9 bn