Retirement Systems of Alabama

Q1 2025 13F-HR Holdings

Location
Montgomery, AL
Holdings as of
3/31/2025
Date filed
4/21/2025
Form type
13F-HR
Num holdings
945
Total value ($000)
$25,703,274
Net value change ($000)
-1,240,797 (-4.6%)
New positions
25
Sold out positions
21
Turnover %
1.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/27/2025 Next filing: 8/4/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMGN 78,532 258.9%
REGN 67,090 413.2%
BRK-B 55,598 16.4%
C 51,500 178.7%
NKE 43,788 224.5%
MMM 38,565 253.4%
SPOT 27,642 NEW
CAG 27,137 946.2%
BND 26,550 15.1%
RF 25,910 559.9%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -239,035 -20.1%
AAPL -165,991 -12.4%
AVGO -155,489 -30.2%
MSFT -133,007 -11.7%
AMZN -109,740 -13.5%
TSLA -101,344 -31.6%
FFIV -86,275 -96.3%
MRK -80,603 -62.3%
GOOGL -73,446 -19.1%
GILD -62,206 -67.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type