1y return+14.9%S&P 500 +20.9%
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 March 31, 2025: $125 against $133 in the S&P 500.2
VIRGINIA RETIREMENT SYSTEMS ET AlS&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 | $1.0B | 6.2% | +8.2% |
| AAPLApple Inc | $939.0M | 5.6% | +236.7% |
| MSFTMicrosoft Corp | $568.3M | 3.4% | +2.3% |
| GOOGLAlphabet Inc | $401.1M | 2.4% | +3.6% |
| AMZNAmazon Com Inc | $395.6M | 2.4% | +397.6% |
| GOOGAlphabet Inc | $360.9M | 2.2% | +1.4% |
| MUMicron Technology Inc | $310.0M | 1.9% | +3.3% |
| AVGOBroadcom Inc | $306.7M | 1.8% | +3.3% |
| METAMeta Platforms Inc | $235.2M | 1.4% | +2.5% |
| JNJJohnson & Johnson | $207.9M | 1.2% | −21.4% |
| VVisa Inc | $176.0M | 1.1% | +13.5% |
| LRCXLam Research Corp | $170.2M | 1.0% | −4.0% |
| AMDAdvanced Micro Devices Inc | $165.1M | 1.0% | +379.1% |
| Exxon Mobil CorpCUSIP 30231G102 | $164.2M | 1.0% | |
| TSLATesla Inc | $161.8M | 1.0% | +14.8% |
| LLYEli Lilly & Co | $145.4M | 0.9% | +3.6% |
| VZVerizon Communications Inc | $132.9M | 0.8% | +84.4% |
| GILDGilead Sciences Inc | $130.4M | 0.8% | |
| CSCOCisco Sys Inc | $128.8M | 0.8% | +9.8% |
| JPMJpmorgan Chase & Co | $127.8M | 0.8% | |
| AMATApplied Matls Inc | $125.0M | 0.7% | +616.9% |
| KLACKla Corp | $124.0M | 0.7% | +710.0% |
| BRK/BBerkshire Hathaway Inc Del | $121.2M | 0.7% | +73.4% |
| Seagate Technology Hldngs PlCUSIP G7997R103 | $117.9M | 0.7% | −17.9% |
| CLColgate Palmolive Co | $111.1M | 0.7% | −4.5% |
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 |
|---|---|---|---|
| Seagate Technology Hldngs PlCUSIP G7997R103 | March 31, 2025 | +1036.0% | $117.9M |
| LRCXLam Research Corp | March 31, 2025 | +496.1% | $170.2M |
| AMATApplied Matls Inc | March 31, 2025 | +398.2% | $125.0M |
| AMDAdvanced Micro Devices Inc | June 30, 2025 | +309.4% | $165.1M |
| GOOGLAlphabet Inc | March 31, 2025 | +131.1% | $401.1M |
| GOOGAlphabet Inc | March 31, 2025 | +126.2% | $360.9M |
| AVGOBroadcom Inc | March 31, 2025 | +125.6% | $306.7M |
| ANETArista Networks Inc | March 31, 2025 | +119.3% | $86.4M |
| CSCOCisco Sys Inc | March 31, 2025 | +90.3% | $128.8M |
| GEGe Aerospace | March 31, 2025 | +86.7% | $80.9M |
Sold off last quarter
- ABTAbbott Laboratories was $41.3M
- GISGeneral Mills Inc was $20.7M
- Eaton Corp PLCCUSIP G29183103 was $17.6M
- RMDResmed Inc was $16.7M
- Carnival CorpCUSIP 143658300 was $9.9M
- HIGHartford Insurance Group Inc was $7.8M
- Technipfmc PLCCUSIP G87110105 was $6.7M
- PNFPPinnacle Finl Partners Inc was $4.7M
- UALUnited Airls Hldgs Inc was $4.2M
- LOWLowes Cos Inc was $3.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.2% | +14.8% |
| March 31, 2026 | −3.3% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +7.3% | +7.8% |
| June 30, 2025 | +8.6% | +10.5% |
| December 31, 2023 | +11.3% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +6.7% | +8.3% |
| March 31, 2023 | +5.4% | +7.0% |
| December 31, 2022 | +6.9% | +7.1% |
| June 30, 2022 | −15.8% | −16.5% |
| December 31, 2021 | +10.8% | +10.7% |
| September 30, 2021 | +0.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: VIRGINIA RETIREMENT SYSTEMS ET Al Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1005354&type=13F-HR&dateb=&owner=include&count=40CIK 1005354
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1005354/000100535426000003/Filed August 25, 2026 · accession 0001005354-26-000003