SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Retirement Systems of Alabama

CIK 0001593051 · 201 SOUTH UNION STREET, MONTGOMERY, AL, 36104 · 334-517-7108

Reported Value
$22.3B
Q2 2023
Positions
941
Filings on Record
31
2019–present window
Filed
Jul 31, 2023
original filing

Summary

Retirement Systems Of Alabama reported $22.3B in U.S.-listed holdings across 941 positions for Q2 2023.

Its largest position, AAPL, represents 5.1% of the portfolio.

Compared with Q1 2023, the fund opened 29 new positions and exited 17.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+23.1%
share of reported value
Largest Position
+5.1%
Apple
New / Exited
29 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $18.1BQ4 ’18Q1 ’19: $20.6BQ2 ’19: $21.4BQ3 ’19: $20.9BQ4 ’19: $22.5BQ4 ’19Q1 ’20: $18.0BQ2 ’20: $20.7BQ3 ’20: $21.8BQ4 ’20: $25.4BQ4 ’20Q1 ’21: $26.5BQ2 ’21: $27.7BQ3 ’21: $26.7BQ4 ’21: $28.7BQ4 ’21Q1 ’22: $27.3BQ2 ’22: $23.3BQ3 ’22: $21.5BQ4 ’22: $22.9BQ4 ’22Q1 ’23: $23.1BQ2 ’23: $22.3BQ3 ’23: $21.4BQ4 ’23: $23.6BQ4 ’23Q1 ’24: $25.9BQ2 ’24: $25.9BQ4 ’24: $26.9BQ1 ’25: $25.7BQ1 ’25Q2 ’25: $27.9BQ3 ’25: $30.1BQ4 ’25: $30.8BQ1 ’26: $30.0BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 85.3%ETP: 6.4%REIT: 5.5%Other: 2.9%
  • Common Stock · 85.3% · $19.1B
  • ETP · 6.4% · $1.4B
  • REIT · 5.5% · $1.2B
  • Other · 2.9% · $646M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIES CORPNEW+947.7K947.7K+$93M$93M
WCCWESCO INTL INCNEW+109.8K109.8K+$20M$20M
PANWPALO ALTO NETWORKS INCNEW+68.8K68.8K+$18M$18M
VYXNCR CORP NEWNEW+565.9K565.9K+$14M$14M
DYHTARGET CORPNEW+104.9K104.9K+$14M$14M
CCKCROWN HLDGS INCNEW+154.8K154.8K+$13M$13M
EWEDWARDS LIFESCIENCES CORPNEW+137.8K137.8K+$13M$13M
OVVOVINTIV INCNEW+315.1K315.1K+$12M$12M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.14%$1.1B5.92M
2MSFTMICROSOFT CORPhistory →COM4.50%$1.0B2.95M
3ISHARES TRMSCI EMG MKT ETF2.92%$651M16.46M
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.31%$516M4.29M
5AMZNAMAZON COM INChistory →COM2.22%$496M3.81M
6NVDANVIDIA CORPORATIONhistory →COM1.79%$399M943.1K
7ISHARES INCCORE MSCI EMKT1.67%$374M7.58M
8BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.30%$290M850.8K
9METAMETA PLATFORMS INChistory →CL A1.21%$271M945.8K
10TSLATESLA INChistory →COM1.10%$246M940.0K
11UNHUNITEDHEALTH GROUP INChistory →COM0.98%$218M454.4K
12AVGOBROADCOM INChistory →COM0.91%$204M235.2K
13MRKMERCK & CO INChistory →COM0.75%$167M1.45M
14JNJJOHNSON & JOHNSONhistory →COM0.75%$167M1.01M
15EXMOCEXXON MOBIL CORPhistory →COM0.74%$164M1.53M
16CHVCHEVRON CORP NEWhistory →COM0.72%$162M1.03M
17JPMJPMORGAN CHASE & COhistory →COM0.66%$149M1.02M
18PGPROCTER AND GAMBLE COhistory →COM0.66%$148M972.6K
19VVISA INChistory →COM CL A0.66%$146M616.4K
20SPDR S&P 500 ETF TRTR UNIT0.65%$144M325.6K
21CSCOCISCO SYS INChistory →COM0.64%$144M2.78M
22ORCLORACLE CORPhistory →COM0.63%$141M1.18M
23HDHOME DEPOT INChistory →COM0.63%$140M451.6K
24PLDPROLOGIS INC.history →COM0.60%$134M1.09M
25ABTABBOTT LABShistory →COM0.58%$129M1.18M
26ABBVABBVIE INChistory →COM0.57%$128M950.5K
27BACBANK AMERICA CORPhistory →COM0.56%$125M4.37M
28MAMASTERCARD INCORPORATEDhistory →CL A0.54%$120M306.1K
29COSTCOSTCO WHSL CORP NEWhistory →COM0.53%$119M221.9K
30IBMINTERNATIONAL BUSINESS MACHShistory →COM0.53%$118M878.9K
31NFLXNETFLIX INChistory →COM0.51%$113M256.8K
32MCDMCDONALDS CORPhistory →COM0.49%$109M364.2K
33WFCWELLS FARGO CO NEWhistory →COM0.47%$104M2.44M
34PEPPEPSICO INChistory →COM0.47%$104M562.4K
35KDPKEURIG DR PEPPER INChistory →COM0.46%$103M3.28M
36ISRGINTUITIVE SURGICAL INChistory →COM NEW0.44%$99M288.6K
37COPCONOCOPHILLIPShistory →COM0.42%$94M902.6K
38RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.42%$93M947.7K
39QCOMQUALCOMM INChistory →COM0.40%$90M756.4K
40BACVERIZON COMMUNICATIONS INChistory →COM0.40%$90M2.41M
41AXPAMERICAN EXPRESS COhistory →COM0.38%$85M488.4K
424I1PHILIP MORRIS INTL INChistory →COM0.38%$84M864.5K
43LLYLILLY ELI & COhistory →COM0.38%$84M179.1K
44HONGBPHONEYWELL INTL INChistory →COM0.38%$84M404.1K
45KOCOCA COLA COhistory →COM0.37%$84M1.39M
46BMYBRISTOL-MYERS SQUIBB COhistory →COM0.37%$83M1.31M
47DHRDANAHER CORPORATIONhistory →COM0.37%$83M347.5K
48DWDMORGAN STANLEYhistory →COM NEW0.37%$83M971.6K
49VRTXVERTEX PHARMACEUTICALS INChistory →COM0.37%$83M234.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$30.0B947Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$30.8B943Jan 15, 202613F-HRchanges · EDGAR ↗
Q3 2025$30.1B945Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$27.9B935Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$25.7B945Apr 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$26.9B941Jan 27, 202513F-HRchanges · EDGAR ↗
Q2 2024$25.9B941Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$25.9B941Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$23.6B941Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$21.4B926Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$22.3B941Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023$23.1B929May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022$22.9B939Feb 6, 202313F-HRchanges · EDGAR ↗
Q3 2022$21.5B931Nov 16, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$23.3B938Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$27.3B924Apr 20, 202213F-HRchanges · EDGAR ↗
Q4 2021$28.7B922Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$26.7B920Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$27.7B920Jul 21, 202113F-HRchanges · EDGAR ↗
Q1 2021$26.5B931Apr 15, 202113F-HRchanges · EDGAR ↗
Q4 2020$25.4B930Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$21.8B916Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$20.7B917Jul 23, 202013F-HRchanges · EDGAR ↗
Q1 2020$18.0B930Apr 20, 202013F-HRchanges · EDGAR ↗
Q4 2019$22.5B915Jan 28, 202013F-HRchanges · EDGAR ↗
Q3 2019$20.9B917Oct 30, 201913F-HRchanges · EDGAR ↗
Q2 2019$21.4B924Jul 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$20.6B925Apr 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$18.1B924Jan 10, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.