Utah Retirement Systems
Long book
$9.78B
Q1 2026
Positions
974
Top-10 weight
33%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsUtah Retirement Systems is an institutional manager, running a $9.78B US long book across 974 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.7%
Q2 2024
+6.2%
Q3 2024
+2.5%
Q4 2024
-4.2%
Q1 2025
+11.0%
Q2 2025
+7.9%
Q3 2025
+2.4%
Q4 2025
-4.1%
Q1 2026
+14.7%
Sector allocation
Technology 39%
Financials 12%
Industrials 11%
Consumer discretionary 9%
Healthcare 8%
Services media 5%
Energy 4%
Utilities 3%
Long book by quarter
What does Utah Retirement own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 3.8M | $663.6M | 6.8% | -1.6% |
| AAPL APPLE INC | Technology | 2.3M | $594.4M | 6.1% | -2.8% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $446.4M | 4.6% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6M | $324.8M | 3.3% | -1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 945.1K | $271.8M | 2.8% | -1.6% |
| AVGO BROADCOM INC | Technology | 750.9K | $232.4M | 2.4% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 769.5K | $220.7M | 2.3% | -1.6% |
| META META PLATFORMS INC-CLASS A | Technology | 355.0K | $203.1M | 2.1% | -1.6% |
| TSLA TESLA INC | Industrials | 458.8K | $170.5M | 1.7% | -1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 441.7K | $129.9M | 1.3% | -3.1% |
| LLY ELI LILLY & CO | Healthcare | 130.3K | $119.8M | 1.2% | -1.6% |
| XOM EXXON MOBIL CORP | Energy | 686.9K | $116.5M | 1.2% | -3.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 240.4K | $115.2M | 1.2% | -1.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 391.3K | $95.6M | 1.0% | -1.6% |
| WMT WALMART INC | Consumer discretionary | 707.4K | $87.9M | 0.9% | -1.6% |
| V VISA INC-CLASS A SHARES | Services media | 273.7K | $82.7M | 0.8% | -2.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 72.2K | $71.9M | 0.7% | -1.6% |
| NFLX NETFLIX INC | Services media | 689.0K | $66.3M | 0.7% | -1.6% |
| MA MASTERCARD INC - A | Services media | 130.8K | $65.4M | 0.7% | -2.4% |
| CVX CHEVRON CORP | Energy | 304.6K | $63.0M | 0.6% | -3.3% |
| ABBV ABBVIE INC | Healthcare | 288.0K | $62.6M | 0.6% | -1.6% |
| MU MICRON TECHNOLOGY INC | Technology | 181.7K | $61.4M | 0.6% | -1.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 381.9K | $55.2M | 0.6% | -1.6% |
| CAT CATERPILLAR INC | Industrials | 75.3K | $53.3M | 0.5% | -1.6% |
| AMD ADVANCED MICRO DEVICES | Technology | 261.8K | $53.3M | 0.5% | -1.6% |
| HD HOME DEPOT INC | Consumer discretionary | 161.9K | $53.2M | 0.5% | -1.6% |
| BAC BANK OF AMERICA CORP | Financials | 1.1M | $52.1M | 0.5% | -3.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 355.1K | $51.9M | 0.5% | -1.6% |
| CSCO CISCO SYSTEMS INC | Technology | 647.1K | $50.2M | 0.5% | -1.6% |
| MRK MERCK & CO. INC. | Healthcare | 404.1K | $48.6M | 0.5% | -2.9% |
| KO COCA-COLA CO/THE | Consumer staples | 632.3K | $48.1M | 0.5% | -1.6% |
| GE GENERAL ELECTRIC | Industrials | 169.1K | $48.0M | 0.5% | -2.3% |
| AMAT APPLIED MATERIALS INC | Technology | 129.0K | $44.1M | 0.5% | -2.7% |
| LRCX LAM RESEARCH CORP | Industrials | 204.1K | $43.6M | 0.4% | -2.8% |
| RTX RTX CORP | Industrials | 217.5K | $42.0M | 0.4% | -1.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 253.3K | $41.9M | 0.4% | -1.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 47.8K | $40.4M | 0.4% | -3.1% |
| ORCL ORACLE CORP | Technology | 273.7K | $40.3M | 0.4% | -0.5% |
| WFC WELLS FARGO & CO | Financials | 503.5K | $40.1M | 0.4% | -4.7% |
| UNH UNITEDHEALTH GROUP INC | Financials | 147.9K | $40.0M | 0.4% | -1.6% |
| GEV GE VERNOVA INC | Industrials | 43.9K | $38.3M | 0.4% | -2.8% |
| LIN LINDE PLC | Materials | 76.3K | $37.9M | 0.4% | -1.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 151.3K | $36.7M | 0.4% | -1.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 116.2K | $36.1M | 0.4% | -1.6% |
| PEP PEPSICO INC | Consumer staples | 222.8K | $34.6M | 0.4% | -1.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 686.7K | $34.5M | 0.4% | -1.6% |
| T AT&T INC | Communications | 1.1M | $32.6M | 0.3% | -2.6% |
| C CITIGROUP INC | Financials | 281.8K | $32.0M | 0.3% | -5.7% |
| INTC INTEL CORP | Technology | 718.7K | $31.7M | 0.3% | -0.8% |
| NEE NEXTERA ENERGY INC | Utilities | 339.2K | $31.5M | 0.3% | -0.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 974 | $9.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 983 | $10.51B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 987 | $10.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 992 | $9.58B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 960 | $8.67B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 977 | $9.08B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 986 | $8.86B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 973 | $8.42B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 972 | $8.55B | canonical | SEC ↗ |
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