Illinois Municipal Retirement Fund
Long book
$7.86B
Q1 2026
Positions
1127
Top-10 weight
20%
concentration
Last quarter
+12.5%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsIllinois Municipal Retirement Fund is a mechanically diversified allocator, running a $7.86B US long book across 1127 positions.
The portfolio is broadly diversified across 1127 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+6.7%
Q3 2024
+0.7%
Q4 2024
-2.6%
Q1 2025
+6.9%
Q2 2025
+6.7%
Q3 2025
+1.8%
Q4 2025
-1.4%
Q1 2026
+12.5%
Sector allocation
Technology 28%
Financials 14%
Consumer discretionary 13%
Healthcare 10%
Industrials 9%
Services media 5%
Other 5%
Utilities 4%
Long book by quarter
What does Illinois Municipal own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.7M | $303.1M | 3.9% | +12.1% |
| AAPL APPLE INC | Technology | 1.2M | $293.1M | 3.7% | +10.2% |
| MSFT MICROSOFT CORP | Technology | 578.0K | $213.9M | 2.7% | +8.5% |
| GOOGL ALPHABET INC-CL A | Technology | 593.1K | $170.6M | 2.2% | +1.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 715.6K | $149.0M | 1.9% | +4.7% |
| GOOG ALPHABET INC-CL C | Technology | 370.2K | $106.2M | 1.4% | +12.5% |
| META META PLATFORMS INC-CLASS A | Technology | 181.8K | $104.0M | 1.3% | +4.2% |
| AVGO BROADCOM INC | Technology | 302.0K | $93.5M | 1.2% | +14.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 314.0K | $76.8M | 1.0% | -7.4% |
| XOM EXXON MOBIL CORP | Energy | 448.9K | $76.2M | 1.0% | -0.8% |
| WMT WALMART INC | Consumer discretionary | 577.7K | $71.8M | 0.9% | -12.3% |
| JPM JPMORGAN CHASE & CO | Financials | 235.8K | $69.4M | 0.9% | +13.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 122.6K | $58.8M | 0.7% | -11.8% |
| MRK MERCK & CO. INC. | Healthcare | 487.4K | $58.6M | 0.7% | -10.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 55.3K | $55.1M | 0.7% | -3.0% |
| TSLA TESLA INC | Industrials | 147.3K | $54.8M | 0.7% | +13.7% |
| LLY ELI LILLY & CO | Healthcare | 56.0K | $51.5M | 0.7% | +14.2% |
| CVX CHEVRON CORP | Energy | 247.8K | $51.3M | 0.7% | +0.8% |
| V VISA INC-CLASS A SHARES | Services media | 162.8K | $49.2M | 0.6% | +9.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 920.3K | $46.2M | 0.6% | -5.9% |
| T AT&T INC | Communications | 1.6M | $45.1M | 0.6% | -6.6% |
| GILD GILEAD SCIENCES INC | Healthcare | 319.5K | $44.5M | 0.6% | -13.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 265.6K | $43.9M | 0.6% | -0.9% |
| MO ALTRIA GROUP INC | Consumer staples | 662.9K | $43.7M | 0.6% | -0.8% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 355.9K | $42.2M | 0.5% | -4.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 255.8K | $40.8M | 0.5% | -18.1% |
| MA MASTERCARD INC - A | Services media | 78.7K | $39.3M | 0.5% | +9.7% |
| ABBV ABBVIE INC | Healthcare | 175.5K | $38.2M | 0.5% | +4.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 625.6K | $37.9M | 0.5% | -12.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 256.2K | $37.0M | 0.5% | -3.0% |
| ALL ALLSTATE CORP | Financials | 170.8K | $35.4M | 0.5% | -0.6% |
| ROST ROSS STORES INC | Consumer discretionary | 160.9K | $34.9M | 0.4% | -2.7% |
| KR KROGER CO | Consumer discretionary | 480.9K | $34.8M | 0.4% | -12.1% |
| CSCO CISCO SYSTEMS INC | Technology | 434.0K | $33.7M | 0.4% | -3.1% |
| AMAT APPLIED MATERIALS INC | Technology | 98.3K | $33.6M | 0.4% | -4.1% |
| WDC WESTERN DIGITAL CORP | Technology | 124.2K | $33.6M | 0.4% | -11.0% |
| GLW CORNING INC | Industrials | 239.2K | $32.5M | 0.4% | -18.8% |
| EA ELECTRONIC ARTS INC | Technology | 158.0K | $32.2M | 0.4% | -3.4% |
| DUK DUKE ENERGY CORP | Utilities | 240.0K | $31.4M | 0.4% | -18.4% |
| QCOM QUALCOMM INC | Technology | 233.5K | $30.1M | 0.4% | -4.2% |
| NFLX NETFLIX INC | Services media | 312.7K | $30.1M | 0.4% | +2.6% |
| TER TERADYNE INC | Technology | 99.2K | $29.4M | 0.4% | -6.2% |
| LRCX LAM RESEARCH CORP | Industrials | 134.9K | $28.8M | 0.4% | -1.7% |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 212.2K | $28.7M | 0.4% | -2.2% |
| CME CME GROUP INC | Financials | 95.4K | $28.2M | 0.4% | -1.4% |
| KO COCA-COLA CO/THE | Consumer staples | 370.3K | $28.2M | 0.4% | +1.6% |
| SO SOUTHERN CO/THE | Utilities | 288.6K | $27.9M | 0.4% | -8.8% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 374.0K | $27.1M | 0.3% | -9.0% |
| EBAY EBAY INC | Services media | 297.6K | $27.1M | 0.3% | +0.6% |
| PEP PEPSICO INC | Consumer staples | 172.5K | $26.8M | 0.3% | -18.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 1127 | $7.86B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 1151 | $7.98B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 1178 | $7.83B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 1237 | $7.35B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 1337 | $6.88B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 1332 | $7.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 1330 | $7.02B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 1334 | $6.58B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 1352 | $6.54B | $K fixed canonical | SEC ↗ |
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