VIRGINIA RETIREMENT SYSTEMS ET Al
Long book
$13.48B
Q1 2026
Positions
926
Top-10 weight
25%
concentration
Last quarter
-3.0%
SPY -4.4%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsVIRGINIA RETIREMENT SYSTEMS ET Al is an institutional manager, running a $13.48B US long book across 926 positions.
The portfolio is broadly diversified across 926 positions (top 10 only 25%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, ALPHABET INC-CL A, ALPHABET INC-CL C, JOHNSON & JOHNSON.
Over the last 4 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 1 of 4 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 2025
+8.9%
Q2 2025
+7.6%
Q3 2025
+2.6%
Q4 2025
-3.0%
Sector allocation
Technology 33%
Financials 12%
Healthcare 11%
Industrials 11%
Consumer discretionary 9%
Other 5%
Services media 5%
Energy 4%
Long book by quarter
What does VIRGINIA RETIREMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 4.8M | $834.7M | 6.2% | -4.9% |
| MSFT MICROSOFT CORP | Technology | 1.5M | $551.5M | 4.1% | -14.7% |
| GOOGL ALPHABET INC-CL A | Technology | 1.1M | $311.6M | 2.3% | -35.5% |
| GOOG ALPHABET INC-CL C | Technology | 1.0M | $288.8M | 2.1% | -3.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.0M | $254.7M | 1.9% | -10.1% |
| AAPL APPLE INC | Technology | 964.0K | $244.6M | 1.8% | -75.2% |
| AVGO BROADCOM INC | Technology | 785.8K | $243.2M | 1.8% | -18.7% |
| META META PLATFORMS INC-CLASS A | Technology | 407.3K | $233.0M | 1.7% | -38.2% |
| XOM EXXON MOBIL CORP | Energy | 1.2M | $204.0M | 1.5% | +114.8% |
| GILD GILEAD SCIENCES INC | Healthcare | 1.0M | $143.9M | 1.1% | -10.8% |
| V VISA INC-CLASS A SHARES | Services media | 451.9K | $136.6M | 1.0% | +15.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 2.2M | $130.5M | 1.0% | -3.7% |
| TSLA TESLA INC | Industrials | 335.0K | $124.5M | 0.9% | -4.8% |
| JPM JPMORGAN CHASE & CO | Financials | 391.3K | $115.1M | 0.9% | -10.0% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 391.4K | $110.0M | 0.8% | +21.2% |
| CL COLGATE-PALMOLIVE CO | Other | 1.3M | $108.1M | 0.8% | Held |
| LLY ELI LILLY & CO | Healthcare | 117.0K | $107.6M | 0.8% | +22.9% |
| MO ALTRIA GROUP INC | Consumer staples | 1.6M | $106.7M | 0.8% | -18.9% |
| WMT WALMART INC | Consumer discretionary | 812.2K | $100.9M | 0.7% | -37.8% |
| PGR PROGRESSIVE CORP | Financials | 488.7K | $96.9M | 0.7% | New |
| DUK DUKE ENERGY CORP | Utilities | 713.2K | $93.4M | 0.7% | +38.8% |
| T AT&T INC | Communications | 3.1M | $89.6M | 0.7% | -31.2% |
| MU MICRON TECHNOLOGY INC | Technology | 260.0K | $87.8M | 0.7% | -34.8% |
| LRCX LAM RESEARCH CORP | Industrials | 409.2K | $87.4M | 0.6% | -29.7% |
| MRK MERCK & CO. INC. | Healthcare | 718.2K | $86.4M | 0.6% | -47.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.7M | $85.4M | 0.6% | -41.1% |
| PEP PEPSICO INC | Consumer staples | 541.8K | $84.1M | 0.6% | +98.6% |
| CVX CHEVRON CORP | Energy | 405.2K | $83.8M | 0.6% | +87.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 265.4K | $82.5M | 0.6% | +64.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 493.6K | $81.6M | 0.6% | +35.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 171.7K | $81.2M | 0.6% | -40.6% |
| VRSN VERISIGN INC | Technology | 323.7K | $80.4M | 0.6% | +7.6% |
| KR KROGER CO | Consumer discretionary | 1.1M | $80.2M | 0.6% | -20.7% |
| CSCO CISCO SYSTEMS INC | Technology | 998.1K | $77.4M | 0.6% | +168.2% |
| NOC NORTHROP GRUMMAN CORP | Technology | 112.0K | $76.4M | 0.6% | +13.3% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 582.7K | $75.7M | 0.6% | +6.4% |
| SNA SNAP-ON INC | Industrials | 208.0K | $75.6M | 0.6% | -1.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 75.3K | $75.0M | 0.6% | +177.9% |
| KLAC KLA CORP | Other | 50.8K | $74.7M | 0.6% | -9.2% |
| INTU INTUIT INC | Technology | 170.8K | $73.9M | 0.5% | +547.1% |
| YUM YUM! BRANDS INC | Consumer discretionary | 460.9K | $71.7M | 0.5% | -38.7% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 480.5K | $70.3M | 0.5% | +49.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 333.6K | $69.5M | 0.5% | -88.0% |
| MCK MCKESSON CORP | Consumer discretionary | 78.9K | $68.3M | 0.5% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 139.7K | $66.9M | 0.5% | -28.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 461.7K | $66.7M | 0.5% | +163.5% |
| ACN ACCENTURE PLC-CL A | Services media | 335.7K | $66.6M | 0.5% | +98.7% |
| MS MORGAN STANLEY | Financials | 404.4K | $66.6M | 0.5% | -6.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 109.7K | $66.3M | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 290.2K | $63.1M | 0.5% | -10.7% |
13F filing history
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P