Public Filings

VIRGINIA RETIREMENT SYSTEMS ET Al

$16.8B reported 13(f) long value · latest quarter 2025-12-31 · CIK 1005354 · EDGAR ↗
sum of disclosed values for 2025-12-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away
$16.8B
ALL retained default holdings for this (filer, period), including NULL-value ones
949
positions with no comparable holding in the prior quarter (kind new), 2025-12-31
145
positions absent from this quarter's filing after being held last quarter (kind exit), 2025-12-31 — inferred from absence, not a sale record
123
A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗
FILING WINDOW OPEN
Quarter 2026-09-30: the 13F window is open until 2026-11-16. Rankings and QoQ moves that touch this quarter are provisional by construction — filers who have not yet reported are not zeros.

Position changes — into 2025-12-31

by shares · Δ value · filing link · how changes are classified §
Period
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match identity_reconciled_by_cusipthe reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE classified_by_value · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stakederived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zeroreported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated shares_unit_mismatchPrev valueCurr valuePrev sharesCurr shares
pos:13215ADD+$179M+442,100$875M$1.1B3,437,9403,880,040
pos:15642TRIM−$53.0M−282,000$991M$938M5,312,3905,030,390
pos:11825ADD−$40.8M+36,980$886M$845M1,710,3001,747,280
pos:14175ADD+$242M+959,300$400M$642M1,823,6002,782,900
pos:15142ADD+$224M+439,800$302M$526M1,241,2721,681,072
pos:11390ADD+$19.5M+93,178$416M$435M565,796658,974
pos:12827ADD+$93.7M+236,600$241M$334M729,710966,310
pos:17821ADD+$87.1M+55,600$241M$329M991,5001,047,100
pos:10307NEW+$320M+467,000$0$320M—467,000
pos:10357ADD+$9.3M+17,000$149M$158M334,931351,931
pos:13490ADD+$107M+929,400$38.9M$146M377,3261,306,726
pos:17751TRIM+$16.3M−151,000$127M$143M1,507,3381,356,338
pos:10600TRIM−$262K−124,700$142M$142M1,281,3951,156,695
pos:18039ADD+$9.6M+21,160$130M$140M413,538434,698
pos:12848ADD+$21.2M+51,520$116M$137M340,121391,641
pos:16411TRIM+$8.1M−8,480$127M$135M297,300288,820
pos:17124TRIM+$26.5M−1,300$93.7M$120M906,700905,400
pos:10935ADD−$3.8M+125,100$121M$118M2,762,7052,887,805
pos:15015TRIM−$25.1M−126,200$140M$115M2,118,7001,992,500
pos:13408ADD+$21.2M+143,300$92.5M$114M608,700752,000
pos:15221ADD+$74.1M+161,386$39.7M$114M237,200398,586
pos:12366ADD+$2.6M+77,500$111M$113M826,268903,768
pos:13642ADD+$21.0M+71,200$82.3M$103M402,622473,822
pos:15863ADD+$42.4M+16,640$59.9M$102M78,56495,204
pos:11938TRIM−$3.4M−16,240$105M$102M132,076115,836
pos:10434TRIM−$6.3M−64,100$107M$100M1,332,7001,268,600
pos:10455TRIM+$19.5M−16,370$80.1M$99.6M598,175581,805
pos:11205TRIM−$8.0M−15,920$106M$98.5M211,807195,887
pos:12131TRIM−$4.5M−138,400$93.6M$89.1M952,150813,750
pos:10263TRIM−$21.5M−217,100$109M$87.3M1,615,0001,397,900
pos:12833ADD+$25.3M+148,275$54.5M$79.8M813,100961,375
pos:12492TRIM−$2.8M−15,520$82.4M$79.6M273,900258,380
pos:17039ADD+$18.1M+114,800$61.3M$79.4M971,5001,086,300
pos:17525TRIM−$19.1M−171,300$98.2M$79.1M1,079,908908,608
pos:15168TRIM−$32.2M−418,400$111M$79.1M1,096,360677,960
pos:16708TRIM−$2.9M−9,800$81.6M$78.6M434,630424,830
pos:10136ADD+$63.2M+211,040$14.0M$77.2M49,700260,740
pos:11621TRIM−$27.3M−222,400$104M$76.7M654,400432,000
pos:15433ADD−$34.4M+710,967$110M$75.2M91,413802,380
pos:10854ADD+$3.2M+710$71.5M$74.8M13,25113,961
pos:15499ADD+$6.4M+32,000$67.9M$74.3M293,111325,111
pos:11677TRIM−$51.9M−146,260$125M$73.1M447,191300,931
pos:16114ADD+$9.9M+29,860$63.0M$73.0M181,872211,732
pos:11177ADD+$12.5M+54,000$59.7M$72.2M335,160389,160
pos:13167TRIM−$22.2M−49,200$92.8M$70.6M321,371272,171
pos:17533TRIM+$570K−8,200$70.0M$70.5M420,629412,429
pos:14552ADD+$10.4M+54,500$57.0M$67.4M505,172559,672
pos:16095ADD+$40.8M+62,865$25.7M$66.4M35,70098,565
pos:15442TRIM−$18.2M−69,800$84.1M$65.9M311,100241,300
pos:17949ADD+$34.8M+387,824$30.0M$64.9M363,800751,624
pos:12652TRIM−$52.5M−1,312,117$113M$60.6M3,466,7572,154,640
pos:17290ADD+$22.7M+65,807$37.5M$60.2M106,314172,121
pos:15690ADD+$48.6M+420,005$11.6M$60.2M93,900513,905
pos:11577TRIM−$12.6M−40,100$72.6M$60.0M497,980457,880
pos:10643TRIM−$10.7M−175,500$69.8M$59.1M690,255514,755
pos:15818ADD+$520K+90,500$58.5M$59.1M710,900801,400
pos:15198TRIM−$14.1M−82,600$72.7M$58.7M448,300365,700
pos:18104ADD+$4.6M+9,400$53.5M$58.1M490,759500,159
pos:16440TRIM−$14.2M−247,600$71.8M$57.6M923,311675,711
pos:12445TRIM−$2.3M−4,100$59.5M$57.3M326,400322,300
pos:17928ADD+$21.0M+40,768$35.4M$56.4M58,10098,868
pos:11590ADD+$26.1M+45,473$29.9M$56.0M46,10091,573
pos:12159ADD+$1.7M+18,200$54.2M$56.0M528,500546,700
pos:15578TRIM−$3.4M−47,500$58.4M$55.0M247,300199,800
pos:10554TRIM−$9.8M−100$64.5M$54.7M269,600269,500
pos:17173TRIM−$3.1M−2,700$56.1M$53.1M112,402109,702
pos:15598ADD+$33.2M+147,094$18.0M$51.1M149,600296,694
pos:11644TRIM+$3.5M−13,100$46.1M$49.6M397,600384,500
pos:10737TRIM−$19.0M−1,031,200$68.6M$49.6M3,918,4002,887,200
pos:12257TRIM−$7.6M−12,000$57.0M$49.4M661,312649,312
pos:17674ADD+$27.6M+79,400$20.9M$48.6M88,728168,128
pos:16286ADD+$682K+9,840$47.8M$48.5M50,10059,940
pos:17630TRIM+$2.6M−3,840$45.9M$48.5M84,00080,160
pos:15827TRIM−$20.4M−387,400$68.6M$48.2M965,370577,970
pos:14773ADD+$24.6M+104,300$23.0M$47.6M104,800209,100
pos:14627ADD+$19.7M+74,900$25.9M$45.6M273,111348,011
pos:13754ADD−$10.0M+900$55.6M$45.5M450,800451,700
pos:16368TRIM−$3.7M−9,720$49.1M$45.4M76,80867,088
pos:10944ADD+$4.4M+136,400$40.4M$44.9M867,2291,003,629
pos:11239ADD+$10.5M+155,500$34.1M$44.5M405,247560,747
pos:17033TRIM−$22.4M−373,264$66.9M$44.5M883,064509,800
pos:16016ADD+$14.2M+102,700$29.1M$43.2M280,200382,900
pos:13933TRIM−$4.4M−131,200$47.3M$42.9M561,200430,000
pos:11039TRIM−$11.2M−49,900$53.6M$42.4M597,518547,618
pos:11819ADD+$20.5M+630,200$21.8M$42.3M755,4001,385,600
pos:14060ADD+$13.6M+21,500$27.9M$41.5M172,500194,000
pos:13234ADD+$15.7M+254,200$25.8M$41.5M500,269754,469
pos:10550TRIM−$7.6M−26,760$49.1M$41.5M188,664161,904
pos:14429ADD+$4.0M+11,600$37.1M$41.2M189,200200,800
pos:17281ADD−$394K+360$40.5M$40.1M118,800119,160
pos:17708ADD+$16.9M+80,100$23.1M$40.0M188,121268,221
pos:16174TRIM−$20.5M−71,485$59.8M$39.3M422,985351,500
pos:11633ADD+$2.7M+4,500$35.9M$38.5M45,80450,304
pos:12423TRIM−$2.0M−1,200$39.7M$37.7M210,200209,000
pos:13351TRIM−$22.7M−642,450$60.2M$37.6M1,994,0001,351,550
pos:11042ADD+$164K+4,250$36.8M$37.0M492,400496,650
pos:16156ADD+$6.9M+232,100$29.8M$36.7M615,300847,400
pos:17899ADD+$8.7M+45,400$27.3M$35.9M188,600234,000
pos:14206TRIM−$9.5M−16,960$45.4M$35.9M79,76262,802
pos:12281ADD+$5.7M+38,600$29.4M$35.1M218,100256,700

Flags: no row carries a flag.

1–20 of the 100 changes on this page

1–100 of 977 changes
Mark-to-market only (no share change) · 95

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match identity_reconciled_by_cusipthe reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE classified_by_value · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stakederived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zeroreported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated shares_unit_mismatchPrev valueCurr valuePrev sharesCurr shares
pos:13599NO CHANGE+$25.0M0$215M$240M1,158,9031,158,903
pos:15008NO CHANGE+$19.8M0$101M$121M2,234,4962,234,496
pos:16441NO CHANGE−$15.3M0$127M$112M4,494,2034,494,203
pos:14456NO CHANGE+$2.5M0$79.2M$81.7M937,700937,700
pos:11182NO CHANGE+$1.9M0$79.2M$81.1M322,990322,990
pos:15877NO CHANGE+$10.7M0$65.2M$75.9M768,325768,325
pos:10326NO CHANGE−$445K0$70.1M$69.7M1,935,4151,935,415
pos:18187NO CHANGE+$7.6M0$60.3M$67.9M55,91355,913
pos:16532NO CHANGE+$16.7M0$49.9M$66.6M818,712818,712
pos:16195NO CHANGE+$6.2M0$53.9M$60.1M470,520470,520
pos:11588NO CHANGE−$13.3M0$70.6M$57.3M567,700567,700
pos:16096NO CHANGE+$280K0$49.0M$49.3M161,200161,200
pos:15492NO CHANGE−$2.3M0$50.9M$48.6M176,700176,700
pos:18081NO CHANGE−$4.9M0$52.7M$47.8M6,5606,560
pos:12875NO CHANGE−$4.8M0$51.5M$46.7M376,500376,500
pos:17429NO CHANGE+$3.7M0$41.7M$45.3M168,928168,928
pos:12725NO CHANGE+$4.8M0$40.4M$45.2M170,501170,501
pos:13833NO CHANGE+$840K0$38.3M$39.2M272,816272,816
pos:10558NO CHANGE−$4.9M0$43.1M$38.3M326,531326,531
pos:17394NO CHANGE−$4.2M0$40.5M$36.4M195,937195,937
pos:11354NO CHANGE−$408K0$34.2M$33.8M340,300340,300
pos:16599NO CHANGE−$772K0$34.5M$33.8M129,070129,070
pos:14740NO CHANGE+$890K0$29.7M$30.6M1,046,6451,046,645
pos:15193NO CHANGE−$1.2M0$31.4M$30.2M376,400376,400
pos:12920NO CHANGE−$3.1M0$32.5M$29.4M274,400274,400
pos:16894NO CHANGE+$1.5M0$20.4M$21.9M479,861479,861
pos:12433NO CHANGE−$2.1M0$23.6M$21.5M123,876123,876
pos:12359NO CHANGE+$3.9M0$17.5M$21.4M307,800307,800
pos:16991NO CHANGE+$521K0$18.2M$18.7M64,81164,811
pos:14497NO CHANGE−$4.9M0$23.2M$18.3M5,4005,400
pos:11849NO CHANGE+$1.8M0$16.2M$18.0M48,70048,700
pos:17837NO CHANGE+$2.1M0$15.6M$17.7M12,73112,731
pos:13832NO CHANGE−$541K0$18.0M$17.5M26,40026,400
pos:16768NO CHANGE−$2.2M0$19.5M$17.3M77,50077,500
pos:10586NO CHANGE+$2.3M0$14.5M$16.8M37,10037,100
pos:15270NO CHANGE+$625K0$16.1M$16.7M151,600151,600
pos:17195NO CHANGE−$1.1M0$17.9M$16.7M167,592167,592
pos:15963NO CHANGE−$830K0$17.5M$16.6M258,690258,690
pos:14664NO CHANGE−$1.3M0$17.7M$16.4M125,687125,687
pos:15683NO CHANGE−$1.2M0$17.1M$15.9M99,10099,100
pos:15147NO CHANGE+$2.0M0$11.7M$13.7M70,30070,300
pos:14895NO CHANGE−$482K0$14.0M$13.5M32,40032,400
pos:15861NO CHANGE+$1.2M0$11.8M$13.0M167,970167,970
pos:10809NO CHANGE+$1.7M0$10.4M$12.1M108,000108,000
pos:10193NO CHANGE−$1.4M0$13.3M$11.8M26,60026,600
pos:15241NO CHANGE+$339K0$10.3M$10.6M76,90076,900
pos:10156NO CHANGE+$1.5M0$7.9M$9.3M94,20094,200
pos:11897NO CHANGE−$1.5M0$10.4M$9.0M71,20071,200
pos:13792NO CHANGE−$1.0M0$9.3M$8.3M322,590322,590
pos:10493NO CHANGE+$323K0$6.0M$6.3M89,90989,909
pos:11017NO CHANGE+$237K0$5.8M$6.0M48,30048,300
pos:11150NO CHANGE−$252K0$5.7M$5.5M33,67133,671
pos:11265NO CHANGE−$1.1M0$6.4M$5.3M26,00026,000
pos:17546NO CHANGE+$27.4K0$3.7M$3.7M152,000152,000
pos:16054NO CHANGE+$347K0$3.3M$3.7M82,60082,600
pos:15631NO CHANGE+$407K0$3.2M$3.7M97,60097,600
pos:16781NO CHANGE+$387K0$3.1M$3.5M386,900386,900
pos:16126NO CHANGE−$128K0$3.2M$3.1M25,18025,180
pos:14817NO CHANGE+$178K0$2.9M$3.1M70,29970,299
pos:10311NO CHANGE+$53.4K0$3.0M$3.0M35,35535,355
pos:10271NO CHANGE+$88.2K0$2.9M$3.0M78,72878,728
pos:13030NO CHANGE+$8.0K0$3.0M$3.0M57,30057,300
pos:11708NO CHANGE−$142K0$3.1M$3.0M38,41938,419
pos:15653NO CHANGE+$205K0$2.6M$2.8M9,9009,900
pos:13274NO CHANGE−$559K0$3.3M$2.7M3,9643,964
pos:15854NO CHANGE−$91.7K0$2.7M$2.6M39,68039,680
pos:16690NO CHANGE+$312K0$1.9M$2.2M236,002236,002
pos:12765NO CHANGE−$136K0$2.2M$2.1M15,00015,000
pos:10940NO CHANGE−$201K0$1.7M$1.5M14,50014,500
pos:14508NO CHANGE−$168K0$1.6M$1.4M18,56518,565
pos:17263NO CHANGE−$295K0$1.7M$1.4M46,73146,731
pos:13261NO CHANGE−$288K0$1.6M$1.3M16,63816,638
pos:15342NO CHANGE−$107K0$1.3M$1.2M11,70011,700
pos:14193NO CHANGE−$74.7K0$1.3M$1.2M12,89812,898
pos:16662NO CHANGE−$375K0$1.4M$1.0M39,00039,000
pos:17180NO CHANGE−$226K0$1.2M$983K8,4158,415
pos:17776NO CHANGE−$140K0$1.1M$948K14,30814,308
pos:17718NO CHANGE−$94.7K0$1.0M$931K13,80013,800
pos:11941NO CHANGE+$19.8K0$910K$930K15,50015,500
pos:16676NO CHANGE−$118K0$1.0M$904K34,01834,018
pos:11494NO CHANGE−$48.0K0$894K$846K4,1004,100
pos:11411NO CHANGE−$36.2K0$835K$799K8,0008,000
pos:14090NO CHANGE−$540K0$1.3M$768K15,69015,690
pos:15535NO CHANGE−$30.1K0$775K$745K14,60414,604
pos:12496NO CHANGE+$64.9K0$405K$470K1,5001,500
pos:14363NO CHANGE+$132K0$320K$452K25,20025,200
pos:12657NO CHANGE−$175K0$579K$404K39,90039,900
pos:14303NO CHANGE−$59.9K0$421K$361K900900
pos:15446NO CHANGE+$48.5K0$299K$347K35,90035,900
pos:16318NO CHANGE−$33.1K0$368K$335K2,8002,800
pos:18120NO CHANGE+$34.3K0$267K$302K2,2002,200
pos:13557NO CHANGE−$8.2K0$228K$220K22,80022,800
pos:12978NO CHANGE−$26.6K0$229K$203K14,80014,800
pos:18103NO CHANGE−$63.6K0$190K$127K10,00010,000
pos:15680NO CHANGE−$82.8K0$192K$110K13,20013,200

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.
Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions

not published in this build

This build does not ship the holdings list, so the per-filer position list is not served here. Public Filings decided on 2026-08-01 to serve this list from its published build; a build that has not published it says so rather than showing an empty table. The primary source is the filing itself:

Open the 13F filings on SEC EDGAR ↗

Book shape

2025-12-31 · concentration · vs tracked median · tick = median
Top-25 concentration
45.2%below median 80.2%
Concentration index
164 bpsbelow median 449 bps
Positions with value
949 / 949median book 97 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,689 tracked filers with a 2025-12-31 book; the index median over the 8,593 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 45.2% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 164 · QoQ moves: 1,072

Filing history

AVAILABLE QUARTERS
PeriodSource
2025-06-30EDGAR ↗
2025-09-30EDGAR ↗
2025-12-31EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open VIRGINIA RETIREMENT SYSTEMS ET Al's 13F filings on SEC EDGAR ↗
Notes on this data
Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).