1y return+19.3%S&P 500 +20.9%
3y return+58.7%S&P 500 +68.5%
5y return+57.7%S&P 500 +74.5%
10y return+208.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $309 against $357 in the S&P 500.2
Retirement Systems of AlabamaS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $1.8B | 5.3% | |
| AAPLApple Inc | $1.5B | 4.5% | |
| MSFTMicrosoft Corp | $959.1M | 2.9% | |
| AMZNAmazon Com Inc | $901.3M | 2.7% | −5.1% |
| AVGOBroadcom Inc | $791.9M | 2.4% | |
| GOOGLAlphabet Inc | $742.0M | 2.2% | +5.0% |
| IEMGIshares Inc | $628.3M | 1.9% | |
| EEMIshares Tr | $624.7M | 1.9% | |
| GOOGAlphabet Inc | $582.1M | 1.8% | +4.1% |
| DFAEDimensional Etf Trust | $509.4M | 1.5% | |
| MUMicron Technology Inc | $492.9M | 1.5% | −3.2% |
| METAMeta Platforms Inc | $437.7M | 1.3% | +10.4% |
| BRK/BBerkshire Hathaway Inc Del | $368.8M | 1.1% | |
| TSLATesla Inc | $349.4M | 1.1% | +3.1% |
| AMATApplied Matls Inc | $336.3M | 1.0% | |
| JPMJpmorgan Chase & Co | $283.5M | 0.9% | −1.1% |
| JNJJohnson & Johnson | $277.3M | 0.8% | −10.0% |
| VVisa Inc | $249.7M | 0.8% | −1.1% |
| CSCOCisco Sys Inc | $248.2M | 0.7% | −23.0% |
| CATCaterpillar Inc | $245.9M | 0.7% | |
| AMDAdvanced Micro Devices Inc | $240.3M | 0.7% | +19.5% |
| BNDVanguard Bd Index Fds | $236.8M | 0.7% | |
| LLYEli Lilly & Co | $235.6M | 0.7% | +16.7% |
| VOOVanguard Index Fds | $226.4M | 0.7% | +3.8% |
| KLACKla Corp | $205.1M | 0.6% | +894.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $1.8B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $791.9M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $336.3M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $240.3M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $245.9M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $235.6M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $152.0M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $742.0M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $582.1M |
| GEGe Aerospace | September 30, 2021 | +262.7% | $196.5M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $30.5M
- Hologic IncCUSIP 436440101 was $27.5M
- BRBRBellring Brands Inc was $12.5M
- Masimo CorpCUSIP 574795100 was $10.0M
- Carnival CorpCUSIP 143658300 was $6.3M
- CTRACoterra Energy Inc was $5.7M
- Dupont De Nemours IncCUSIP 26614N102 was $4.0M
- FLOFlowers Foods Inc was $2.1M
- BLKBBlackbaud Inc was $1.7M
- CAGConagra Brands Inc was $1.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.8% | +14.8% |
| March 31, 2026 | −2.8% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +7.1% | +7.8% |
| June 30, 2025 | +9.4% | +10.5% |
| March 31, 2025 | −4.0% | −4.6% |
| December 31, 2024 | +0.9% | +2.1% |
| September 30, 2024 | +6.4% | +5.4% |
| June 30, 2024 | +1.8% | +4.0% |
| March 31, 2024 | +9.2% | +10.0% |
| December 31, 2023 | +10.5% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +6.9% | +8.3% |
| March 31, 2023 | +5.4% | +7.0% |
| December 31, 2022 | +7.6% | +7.1% |
| September 30, 2022 | −4.9% | −5.3% |
| June 30, 2022 | −16.0% | −16.5% |
| March 31, 2022 | −5.1% | −4.9% |
| December 31, 2021 | +9.2% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Retirement Systems of Alabama Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1593051&type=13F-HR&dateb=&owner=include&count=40CIK 1593051
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1593051/000114036126029874/Filed July 28, 2026 · accession 0001140361-26-029874