Illinois Municipal Retirement Fund — Quarterly 13F Portfolio Report

CIK: 0001541910

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$7.9B

Reporting period: 2026-03-31 · Number of holdings: 1127

Illinois Municipal Retirement Fund disclosed 1127 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $7.9B and a quarterly turnover rate of 19.3%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "I"

Personality snowflake

Concentration: 2.84
Portfolio Stability: 19.34
Momentum/Contrarian: 100
Sector conviction: 40.64
Diversification: 100
Sizing Uniformity: 73.54

Illinois Municipal Retirement Fund's disclosed holdings carry a Herfindahl concentration index of 0.007 — mathematically equivalent to about 141 equally-sized positions, well below its 1127 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.65), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim MSFT
+8.5%　-$43.6M
Add XOM
-0.8%　$21.7M
Add IVV
+149.5%　$18.1M
Add NVDA
+12.1%　$14.1M
Trim APP
-5.0%　-$18.5M
Add CVX
+0.8%　$13.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	3.86%	+0.24%	+12.14%
2	AAPL	Apple INC	Stock-Tech	3.73%	+0.16%	+10.16%
3	MSFT	Microsoft CORP	Stock-Tech	2.72%	-0.51%	+8.54%
4	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	2.17%	-0.12%	+1.75%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	1.90%	-0.08%	+4.71%
6	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.35%	—	+12.45%
7	META	Meta Platforms Inc-class A	Stock-Comm Services	1.32%	-0.12%	+4.21%
8	AVGO	Broadcom INC	Stock-Tech	1.19%	—	+13.99%
9	JNJ	Johnson & Johnson	Stock-Healthcare	0.98%	+0.10%	-7.40%
10	XOM	Exxon Mobil CORP	Stock-Energy	0.97%	+0.29%	-0.84%
11	WMT	Walmart INC	Stock-Consumer Staples	0.91%	—	-12.29%
12	JPM	Jpmorgan Chase & Co	Stock-Financials	0.88%	—	+13.88%
13	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.75%	-0.13%	-11.80%
14	MRK	Merck & Co. INC.	Stock-Healthcare	0.75%	—	-10.85%
15	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.70%	+0.08%	-3.02%
16	TSLA	Tesla INC	Stock-Consumer Disc	0.70%	—	+13.66%
17	LLY	Eli Lilly & Co	Stock-Healthcare	0.65%	—	+14.18%
18	CVX	Chevron CORP	Stock-Energy	0.65%	+0.18%	+0.78%
19	V	Visa Inc-class A Shares	Stock-Financials	0.63%	—	+8.99%
20	VZ	Verizon Communications INC	Stock-Comm Services	0.59%	+0.09%	-5.89%
21	T	At&t INC	Stock-Comm Services	0.57%	—	-6.64%
22	GILD	Gilead Sciences INC	Stock-Healthcare	0.57%	—	-13.62%
23	PM	Philip Morris International	Stock-Consumer Staples	0.56%	—	-0.91%
24	MO	Altria Group INC	Stock-Consumer Staples	0.56%	—	-0.80%
25	BNY	Bank Of New York Mellon CORP	Stock-Financials	0.54%	—	-4.12%
26	TJX	Tjx Companies INC	Stock-Consumer Disc	0.52%	-0.08%	-18.14%
27	MA	Mastercard INC - A	Stock-Financials	0.50%	—	+9.66%
28	ABBV	Abbvie INC	Stock-Healthcare	0.49%	—	+4.08%
29	BMY	Bristol-myers Squibb Co	Stock-Healthcare	0.48%	—	-12.23%
30	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.47%	—	-3.02%
31	ALL	Allstate CORP	Stock-Financials	0.45%	—	-0.63%
32	ROST	Ross Stores INC	Stock-Consumer Disc	0.44%	—	-2.74%
33	KR	Kroger Co	Stock-Consumer Staples	0.44%	—	-12.09%
34	CSCO	Cisco Systems INC	Stock-Tech	0.43%	—	-3.06%
35	AMAT	Applied Materials INC	Stock-Tech	0.43%	+0.10%	-4.09%
36	WDC	Western Digital CORP	Stock-Tech	0.43%	+0.13%	-11.02%
37	GLW	Corning INC	Stock-Tech	0.41%	+0.09%	-18.84%
38	EA	Electronic Arts INC	Stock-Comm Services	0.41%	—	-3.42%
39	DUK	Duke Energy CORP	Stock-Utilities	0.40%	—	-18.41%
40	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.40%	+0.24%	+149.48%
41	QCOM	Qualcomm INC	Stock-Tech	0.38%	-0.14%	-4.20%
42	NFLX	Netflix INC	Stock-Comm Services	0.38%	—	+2.56%
43	TER	Teradyne INC	Stock-Tech	0.37%	+0.11%	-6.16%
44	LRCX	Lam Research CORP	Stock-Tech	0.37%	—	-1.71%
45	HIG	Hartford Insurance Group INC	Stock-Financials	0.37%	—	-2.16%
46	CME	Cme Group INC	Stock-Financials	0.36%	—	-1.36%
47	KO	Coca-cola Co/the	Stock-Consumer Staples	0.36%	—	+1.58%
48	SO	Southern Co/the	Stock-Utilities	0.35%	—	-8.81%
49	MNST	Monster Beverage CORP	Stock-Consumer Staples	0.34%	—	-9.01%
50	EBAY	Ebay INC	Stock-Consumer Disc	0.34%	—	+0.65%

1–50 of 1,127

Portfolio Performance

Performance for Q3 2026

+3.7%

Performance Last 4 Quarters

+20.1%

Based on 75% of reported portfolio value with available pricing

Stdev: +12.4%
Beta: +0.9
Alpha: -1.1%
Max Drawdown: -9.2%
Annualized Perf: +15.9%
Batting Avg vs S&P: +38.9%
Sortino: +2.46
Stutzer: +0.37
Treynor: +0.17
Sterling: +0.95
Calmar: +1.73
Information Ratio: -0.68
Tracking Error: +4.2%
Stdev Down: +6.3%
Winning Months %: +72.2%
Losing Months %: +27.8%
Best 12 Months: +31.8%
Worst 12 Months: +4.7%
Efficiency Ratio: +0.5
Sharpe: +1.25
Stdev Sectors: +6.4%
Skewness: +0.09
Kurtosis: -0.42
Upside Potential: +4.15

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	1127	$7.9B	19	1NVDA 2AAPL 3MSFT Top holdings2026-03-31 1.NVDA 2.AAPL 3.MSFT 4.GOOGL 5.AMZN 6.GOOG 7.META 8.AVGO 9.JNJ 10.XOM
2025-12-31	1151	$8.0B	19	1NVDA 2AAPL 3MSFT Top holdings2025-12-31 1.NVDA 2.AAPL 3.MSFT 4.GOOGL 5.AMZN 6.META 7.GOOG 8.AVGO 9.WMT 10.JNJ
2025-09-30	1178	$7.8B	40	1NVDA 2AAPL 3MSFT Top holdings2025-09-30 1.NVDA 2.AAPL 3.MSFT 4.AMZN 5.GOOGL 6.META 7.AVGO 8.GOOG 9.WMT 10.JPM
2025-06-30	1237	$7.3B	0	1MSFT 2NVDA 3AAPL Top holdings2025-06-30 1.MSFT 2.NVDA 3.AAPL 4.AMZN 5.META 6.GOOGL 7.AVGO 8.WMT 9.BRK-B 10.GOOG
2025-03-31	1337	$6.9B	100	1AAPL 2MSFT 3NVDA Top holdings2025-03-31 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.META 6.GOOGL 7.JNJ 8.BRK-B 9.AVGO 10.WMT
2024-12-31	1332	$7.1B	0	1AAPL 2MSFT 3NVDA Top holdings2024-12-31 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.GOOGL 6.META 7.AVGO 8.WMT 9.GOOG 10.BRK-B
2024-09-30	1330	$7.0B	0	1AAPL 2MSFT 3NVDA Top holdings2024-09-30 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.META 6.GOOGL 7.JNJ 8.LLY 9.AVGO 10.MRK
2024-06-30	1334	$6.6B	0	1MSFT 2AAPL 3NVDA Top holdings2024-06-30 1.MSFT 2.AAPL 3.NVDA 4.AMZN 5.GOOGL 6.META 7.MRK 8.JNJ 9.LLY 10.GOOG
2024-03-31	1352	$6.5B	0	1MSFT 2AAPL 3NVDA Top holdings2024-03-31 1.MSFT 2.AAPL 3.NVDA 4.AMZN 5.META 6.GOOGL 7.LLY 8.MRK 9.XOM 10.JNJ
2023-12-31	1370	$6.0B	0	1MSFT 2AAPL 3AMZN Top holdings2023-12-31 1.MSFT 2.AAPL 3.AMZN 4.META 5.GOOGL 6.NVDA 7.MRK 8.LLY 9.XOM 10.JNJ
2023-09-30	1366	$5.4B	0	1AAPL 2MSFT 3AMZN Top holdings2023-09-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.GOOGL 6.NVDA 7.XOM 8.LLY 9.JNJ 10.MRK
2023-06-30	822	$5.0B	0	1AAPL 2MSFT 3AMZN Top holdings2023-06-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.GOOGL 6.JNJ 7.NVDA 8.MRK 9.XOM 10.LLY
2023-03-31	820	$4.7B	0	1AAPL 2MSFT 3XOM Top holdings2023-03-31 1.AAPL 2.MSFT 3.XOM 4.AMZN 5.GOOGL 6.META 7.MRK 8.CVX 9.JNJ 10.CSCO
2022-12-31	809	$4.5B	0	1AAPL 2MSFT 3XOM Top holdings2022-12-31 1.AAPL 2.MSFT 3.XOM 4.MRK 5.CVX 6.AMZN 7.JNJ 8.WMT 9.GOOGL 10.PEP
2022-09-30	802	$4.1B	0	1AAPL 2MSFT 3AMZN Top holdings2022-09-30 1.AAPL 2.MSFT 3.AMZN 4.XOM 5.GOOGL 6.JNJ 7.MRK 8.CVX 9.COST 10.SNPS
2022-06-30	798	$4.3B	0	1AAPL 2MSFT 3AMZN Top holdings2022-06-30 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.XOM 6.JNJ 7.MRK 8.GOOG 9.PFE 10.META
2022-03-31	797	$3.4B	0	1AAPL 2MSFT 3AMZN Top holdings2022-03-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.BRK-B 6.WMT 7.COST 8.GOOG 9.VZ 10.META
2021-12-31	812	$3.6B	0	1AAPL 2MSFT 3AMZN Top holdings2021-12-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.META 7.TGT 8.BRK-B 9.VZ 10.GOOG
2021-09-30	833	$2.7B	0	1AAPL 2MSFT 3AMZN Top holdings2021-09-30 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.GOOGL 6.BRK-B 7.META 8.TGT 9.VZ 10.COST
2021-06-30	844	$2.5B	100	1AAPL 2MSFT 3AMZN Top holdings2021-06-30 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.META 6.GOOGL 7.TGT 8.GOOG 9.VZ 10.COST
2021-03-31	845	$2.3B	20	1AAPL 2MSFT 3AMZN Top holdings2021-03-31 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.META 6.GOOGL 7.TGT 8.COST 9.QCOM 10.JNJ
2020-12-31	833	$2.1B	99	1AAPL 2MSFT 3AMZN Top holdings2020-12-31 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.JPM 6.COST 7.QCOM 8.META 9.TGT 10.GOOGL
2020-09-30	862	$753.3M	100	1AAPL 2MSFT 3AMZN Top holdings2020-09-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.WMT 6.GOOGL 7.JNJ 8.MRK 9.HD 10.GOOG
2020-06-30	225	$240.0M	86	1WMT 2AAPL 3GILD Top holdings2020-06-30 1.WMT 2.AAPL 3.GILD 4.MRK 5.VZ 6.QCOM 7.CLX 8.HUM 9.TGT 10.VRSN
2020-03-31	191	$201.2M	61	1VRSN 2COST 3SPGI Top holdings2020-03-31 1.VRSN 2.COST 3.SPGI 4.TGT 5.WMT 6.HUM 7.ALL 8.ES 9.QCOM 10.AEE
2019-12-31	252	$262.6M	—	1TGT 2NKE 3PSX Top holdings2019-12-31 1.TGT 2.NKE 3.PSX 4.SO 5.DUK 6.WELL 7.WMT 8.QCOM 9.FE 10.ETR

Holding changes this quarter

Illinois Municipal Retirement Fund's most significant position changes for 2026-03-31: Sold out: Exact Sciences CORP (EXK); Sold out: Invitation Homes INC (INVH); Sold out: Avalonbay Communities INC (AVB); Add: Microsoft CORP (MSFT) — shares +8.54%; Trim: Exxon Mobil CORP (XOM) — shares -0.84%.

Position changes disclosed by Illinois Municipal Retirement Fund for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	XOM	Exxon Mobil CORP	+0.3%	-0.84%	Trim
2	IVV	Ishares Core S&p 500 ETF	+0.2%	+149.48%	Add
3	NVDA	Nvidia CORP	+0.2%	+12.14%	Add
4	CVX	Chevron CORP	+0.2%	+0.78%	Add
5	AAPL	Apple INC	+0.2%	+10.16%	Add
6	WDC	Western Digital CORP	+0.1%	-11.02%	Trim
7	TER	Teradyne INC	+0.1%	-6.16%	Trim
8	APA	Apa CORP	+0.1%	+51.04%	Add
9	AEE	Ameren Corporation	+0.1%	+133.87%	Add
10	CIEN	Ciena CORP	+0.1%	+2.22%	Add
11	LKQ	Lkq CORP	+0.1%	+192.89%	Add
12	AMAT	Applied Materials INC	+0.1%	-4.09%	Trim
13	JNJ	Johnson & Johnson	+0.1%	-7.40%	Trim
14	GLW	Corning INC	+0.1%	-18.84%	Trim
15	VZ	Verizon Communications INC	+0.1%	-5.89%	Trim
16	JNJ	Johnson & Johnson	+0.1%	+202.61%	Add
17	ETR	Entergy CORP	+0.1%	+18.28%	Add
18	COST	Costco Wholesale CORP	+0.1%	-3.02%	Trim
19	CMS	Cms Energy CORP	+0.1%	+150.97%	Add
20	PRIM	Primoris Services CORP	+0.1%	+403.37%	Add
21	NTRS	Northern Trust CORP	+0.1%	+27.33%	Add
22	EME	Emcor Group INC	+0.1%	+15.09%	Add
23	EXC	Exelon CORP	+0.1%	+35.91%	Add
24	PRU	Prudential Financial INC	-0.1%	-60.49%	Trim
25	ABT	Abbott Laboratories	-0.1%	-6.13%	Trim
26	WFC	Wells Fargo & Co	-0.1%	-4.99%	Trim
27	EL	Estee Lauder Companies-cl A	-0.1%	-10.94%	Trim
28	CRM	Salesforce INC	-0.1%	-0.96%	Trim
29	ORLY	O'reilly Automotive INC	-0.1%	-19.24%	Trim
30	AMZN	Amazon.com INC	-0.1%	+4.71%	Add
31	TJX	Tjx Companies INC	-0.1%	-18.14%	Trim
32	TEAM	Atlassian Corp-cl A	-0.1%	+6.42%	Add
33	ADSK	Autodesk INC	-0.1%	-4.16%	Trim
34	FICO	Fair Isaac CORP	-0.1%	-10.62%	Trim
35	CTSH	Cognizant Tech Solutions-a	-0.1%	-9.55%	Trim
36	PEG	Public Service Enterprise Gp	-0.1%	-70.00%	Trim
37	ZM	Zoom Communications INC	-0.1%	-26.29%	Trim
38	BKNG	Booking Holdings INC	-0.1%	-7.74%	Trim
39	DASH	Doordash INC - A	-0.1%	-16.60%	Trim
40	SPOT	Spotify Technology S.A.	-0.1%	-13.18%	Trim
41	GOOGL	Alphabet Inc-cl A	-0.1%	+1.75%	Add
42	META	Meta Platforms Inc-class A	-0.1%	+4.21%	Add
43	BSX	Boston Scientific CORP	-0.1%	-25.05%	Trim
44	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-11.80%	Trim
45	QCOM	Qualcomm INC	-0.1%	-4.20%	Trim
46	APP	Applovin Corp-class A	-0.2%	-5.00%	Trim
47	MSFT	Microsoft CORP	-0.5%	+8.54%	Add
48	EXK	Exact Sciences CORP	—	EXIT	Sold out
49	INVH	Invitation Homes INC	—	EXIT	Sold out
50	AVB	Avalonbay Communities INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-05	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-07	13F-HR	View on EDGAR
2025-03-31	2025-04-24	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-11-04	13F-HR	View on EDGAR
2024-06-30	2024-08-05	13F-HR	View on EDGAR
2024-03-31	2024-05-07	13F-HR	View on EDGAR
2023-12-31	2024-02-01	13F-HR	View on EDGAR
2023-09-30	2023-11-06	13F-HR	View on EDGAR
2023-06-30	2023-08-03	13F-HR	View on EDGAR
2023-03-31	2023-05-05	13F-HR	View on EDGAR
2022-12-31	2023-02-03	13F-HR	View on EDGAR
2022-09-30	2022-11-03	13F-HR	View on EDGAR
2022-06-30	2022-08-05	13F-HR	View on EDGAR
2022-03-31	2022-04-29	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-28	13F-HR	View on EDGAR
2021-06-30	2021-08-04	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-02-09	13F-HR	View on EDGAR
2020-09-30	2020-11-03	13F-HR	View on EDGAR
2020-06-30	2020-08-03	13F-HR	View on EDGAR
2020-03-31	2020-04-30	13F-HR	View on EDGAR
2019-12-31	2020-02-06	13F-HR	View on EDGAR

FAQ

What is Illinois Municipal Retirement Fund and what type of investor is it?

Illinois Municipal Retirement Fund is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $7.9B, spread across 1127 disclosed positions.

What are Illinois Municipal Retirement Fund's largest equity positions?

Based on the latest 13F filing, Illinois Municipal Retirement Fund's top holdings by market value are: 1. Nvidia CORP (NVDA) — $303.1M (3.9%) 2. Apple INC (AAPL) — $293.1M (3.7%) 3. Microsoft CORP (MSFT) — $213.9M (2.7%) 4. Alphabet Inc-cl A (GOOGL) — $170.6M (2.2%) 5. Amazon.com INC (AMZN) — $149.0M (1.9%)

What changes did Illinois Municipal Retirement Fund make in its most recent portfolio filing?

In the latest reported quarter, Illinois Municipal Retirement Fund made 50 notable position adjustments: 0 new positions were initiated, 20 existing holdings were added to, 27 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Exact Sciences CORP (EXK); Sold out: Invitation Homes INC (INVH); Sold out: Avalonbay Communities INC (AVB); Add: Microsoft CORP (MSFT) — shares +8.54%; Trim: Exxon Mobil CORP (XOM) — shares -0.84%

What sectors does Illinois Municipal Retirement Fund focus on?

Illinois Municipal Retirement Fund is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 24.9% • Financials: 13.7% • Consumer Discretionary: 12.8% • Health Care: 10.9% • Communication Services: 9.3% • Consumer Staples: 8.5%

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Illinois Municipal Retirement Fund — Quarterly 13F Portfolio Report

CIK: 0001541910

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$7.9B

Reporting period: 2026-03-31 · Number of holdings: 1127

Illinois Municipal Retirement Fund disclosed 1127 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $7.9B and a quarterly turnover rate of 19.3%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "I"

Personality snowflake

Concentration: 2.84
Portfolio Stability: 19.34
Momentum/Contrarian: 100
Sector conviction: 40.64
Diversification: 100
Sizing Uniformity: 73.54

Position sizes vary widely across the portfolio (a coefficient of variation of 2.65), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim MSFT
+8.5%　-$43.6M
Add XOM
-0.8%　$21.7M
Add IVV
+149.5%　$18.1M
Add NVDA
+12.1%　$14.1M
Trim APP
-5.0%　-$18.5M
Add CVX
+0.8%　$13.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	3.86%	+0.24%	+12.14%
2	AAPL	Apple INC	Stock-Tech	3.73%	+0.16%	+10.16%
3	MSFT	Microsoft CORP	Stock-Tech	2.72%	-0.51%	+8.54%
4	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	2.17%	-0.12%	+1.75%
5	AMZN	Amazon.com INC	Stock-Consumer Disc	1.90%	-0.08%	+4.71%
6	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.35%	—	+12.45%
7	META	Meta Platforms Inc-class A	Stock-Comm Services	1.32%	-0.12%	+4.21%
8	AVGO	Broadcom INC	Stock-Tech	1.19%	—	+13.99%
9	JNJ	Johnson & Johnson	Stock-Healthcare	0.98%	+0.10%	-7.40%
10	XOM	Exxon Mobil CORP	Stock-Energy	0.97%	+0.29%	-0.84%
11	WMT	Walmart INC	Stock-Consumer Staples	0.91%	—	-12.29%
12	JPM	Jpmorgan Chase & Co	Stock-Financials	0.88%	—	+13.88%
13	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.75%	-0.13%	-11.80%
14	MRK	Merck & Co. INC.	Stock-Healthcare	0.75%	—	-10.85%
15	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.70%	+0.08%	-3.02%
16	TSLA	Tesla INC	Stock-Consumer Disc	0.70%	—	+13.66%
17	LLY	Eli Lilly & Co	Stock-Healthcare	0.65%	—	+14.18%
18	CVX	Chevron CORP	Stock-Energy	0.65%	+0.18%	+0.78%
19	V	Visa Inc-class A Shares	Stock-Financials	0.63%	—	+8.99%
20	VZ	Verizon Communications INC	Stock-Comm Services	0.59%	+0.09%	-5.89%
21	T	At&t INC	Stock-Comm Services	0.57%	—	-6.64%
22	GILD	Gilead Sciences INC	Stock-Healthcare	0.57%	—	-13.62%
23	PM	Philip Morris International	Stock-Consumer Staples	0.56%	—	-0.91%
24	MO	Altria Group INC	Stock-Consumer Staples	0.56%	—	-0.80%
25	BNY	Bank Of New York Mellon CORP	Stock-Financials	0.54%	—	-4.12%
26	TJX	Tjx Companies INC	Stock-Consumer Disc	0.52%	-0.08%	-18.14%
27	MA	Mastercard INC - A	Stock-Financials	0.50%	—	+9.66%
28	ABBV	Abbvie INC	Stock-Healthcare	0.49%	—	+4.08%
29	BMY	Bristol-myers Squibb Co	Stock-Healthcare	0.48%	—	-12.23%
30	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.47%	—	-3.02%
31	ALL	Allstate CORP	Stock-Financials	0.45%	—	-0.63%
32	ROST	Ross Stores INC	Stock-Consumer Disc	0.44%	—	-2.74%
33	KR	Kroger Co	Stock-Consumer Staples	0.44%	—	-12.09%
34	CSCO	Cisco Systems INC	Stock-Tech	0.43%	—	-3.06%
35	AMAT	Applied Materials INC	Stock-Tech	0.43%	+0.10%	-4.09%
36	WDC	Western Digital CORP	Stock-Tech	0.43%	+0.13%	-11.02%
37	GLW	Corning INC	Stock-Tech	0.41%	+0.09%	-18.84%
38	EA	Electronic Arts INC	Stock-Comm Services	0.41%	—	-3.42%
39	DUK	Duke Energy CORP	Stock-Utilities	0.40%	—	-18.41%
40	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.40%	+0.24%	+149.48%
41	QCOM	Qualcomm INC	Stock-Tech	0.38%	-0.14%	-4.20%
42	NFLX	Netflix INC	Stock-Comm Services	0.38%	—	+2.56%
43	TER	Teradyne INC	Stock-Tech	0.37%	+0.11%	-6.16%
44	LRCX	Lam Research CORP	Stock-Tech	0.37%	—	-1.71%
45	HIG	Hartford Insurance Group INC	Stock-Financials	0.37%	—	-2.16%
46	CME	Cme Group INC	Stock-Financials	0.36%	—	-1.36%
47	KO	Coca-cola Co/the	Stock-Consumer Staples	0.36%	—	+1.58%
48	SO	Southern Co/the	Stock-Utilities	0.35%	—	-8.81%
49	MNST	Monster Beverage CORP	Stock-Consumer Staples	0.34%	—	-9.01%
50	EBAY	Ebay INC	Stock-Consumer Disc	0.34%	—	+0.65%

1–50 of 1,127

Portfolio Performance

Performance for Q3 2026

+3.7%

Performance Last 4 Quarters

+20.1%

Based on 75% of reported portfolio value with available pricing

Stdev: +12.4%
Beta: +0.9
Alpha: -1.1%
Max Drawdown: -9.2%
Annualized Perf: +15.9%
Batting Avg vs S&P: +38.9%
Sortino: +2.46
Stutzer: +0.37
Treynor: +0.17
Sterling: +0.95
Calmar: +1.73
Information Ratio: -0.68
Tracking Error: +4.2%
Stdev Down: +6.3%
Winning Months %: +72.2%
Losing Months %: +27.8%
Best 12 Months: +31.8%
Worst 12 Months: +4.7%
Efficiency Ratio: +0.5
Sharpe: +1.25
Stdev Sectors: +6.4%
Skewness: +0.09
Kurtosis: -0.42
Upside Potential: +4.15

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	1127	$7.9B	19	1NVDA 2AAPL 3MSFT Top holdings2026-03-31 1.NVDA 2.AAPL 3.MSFT 4.GOOGL 5.AMZN 6.GOOG 7.META 8.AVGO 9.JNJ 10.XOM
2025-12-31	1151	$8.0B	19	1NVDA 2AAPL 3MSFT Top holdings2025-12-31 1.NVDA 2.AAPL 3.MSFT 4.GOOGL 5.AMZN 6.META 7.GOOG 8.AVGO 9.WMT 10.JNJ
2025-09-30	1178	$7.8B	40	1NVDA 2AAPL 3MSFT Top holdings2025-09-30 1.NVDA 2.AAPL 3.MSFT 4.AMZN 5.GOOGL 6.META 7.AVGO 8.GOOG 9.WMT 10.JPM
2025-06-30	1237	$7.3B	0	1MSFT 2NVDA 3AAPL Top holdings2025-06-30 1.MSFT 2.NVDA 3.AAPL 4.AMZN 5.META 6.GOOGL 7.AVGO 8.WMT 9.BRK-B 10.GOOG
2025-03-31	1337	$6.9B	100	1AAPL 2MSFT 3NVDA Top holdings2025-03-31 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.META 6.GOOGL 7.JNJ 8.BRK-B 9.AVGO 10.WMT
2024-12-31	1332	$7.1B	0	1AAPL 2MSFT 3NVDA Top holdings2024-12-31 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.GOOGL 6.META 7.AVGO 8.WMT 9.GOOG 10.BRK-B
2024-09-30	1330	$7.0B	0	1AAPL 2MSFT 3NVDA Top holdings2024-09-30 1.AAPL 2.MSFT 3.NVDA 4.AMZN 5.META 6.GOOGL 7.JNJ 8.LLY 9.AVGO 10.MRK
2024-06-30	1334	$6.6B	0	1MSFT 2AAPL 3NVDA Top holdings2024-06-30 1.MSFT 2.AAPL 3.NVDA 4.AMZN 5.GOOGL 6.META 7.MRK 8.JNJ 9.LLY 10.GOOG
2024-03-31	1352	$6.5B	0	1MSFT 2AAPL 3NVDA Top holdings2024-03-31 1.MSFT 2.AAPL 3.NVDA 4.AMZN 5.META 6.GOOGL 7.LLY 8.MRK 9.XOM 10.JNJ
2023-12-31	1370	$6.0B	0	1MSFT 2AAPL 3AMZN Top holdings2023-12-31 1.MSFT 2.AAPL 3.AMZN 4.META 5.GOOGL 6.NVDA 7.MRK 8.LLY 9.XOM 10.JNJ
2023-09-30	1366	$5.4B	0	1AAPL 2MSFT 3AMZN Top holdings2023-09-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.GOOGL 6.NVDA 7.XOM 8.LLY 9.JNJ 10.MRK
2023-06-30	822	$5.0B	0	1AAPL 2MSFT 3AMZN Top holdings2023-06-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.GOOGL 6.JNJ 7.NVDA 8.MRK 9.XOM 10.LLY
2023-03-31	820	$4.7B	0	1AAPL 2MSFT 3XOM Top holdings2023-03-31 1.AAPL 2.MSFT 3.XOM 4.AMZN 5.GOOGL 6.META 7.MRK 8.CVX 9.JNJ 10.CSCO
2022-12-31	809	$4.5B	0	1AAPL 2MSFT 3XOM Top holdings2022-12-31 1.AAPL 2.MSFT 3.XOM 4.MRK 5.CVX 6.AMZN 7.JNJ 8.WMT 9.GOOGL 10.PEP
2022-09-30	802	$4.1B	0	1AAPL 2MSFT 3AMZN Top holdings2022-09-30 1.AAPL 2.MSFT 3.AMZN 4.XOM 5.GOOGL 6.JNJ 7.MRK 8.CVX 9.COST 10.SNPS
2022-06-30	798	$4.3B	0	1AAPL 2MSFT 3AMZN Top holdings2022-06-30 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.XOM 6.JNJ 7.MRK 8.GOOG 9.PFE 10.META
2022-03-31	797	$3.4B	0	1AAPL 2MSFT 3AMZN Top holdings2022-03-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.BRK-B 6.WMT 7.COST 8.GOOG 9.VZ 10.META
2021-12-31	812	$3.6B	0	1AAPL 2MSFT 3AMZN Top holdings2021-12-31 1.AAPL 2.MSFT 3.AMZN 4.GOOGL 5.WMT 6.META 7.TGT 8.BRK-B 9.VZ 10.GOOG
2021-09-30	833	$2.7B	0	1AAPL 2MSFT 3AMZN Top holdings2021-09-30 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.GOOGL 6.BRK-B 7.META 8.TGT 9.VZ 10.COST
2021-06-30	844	$2.5B	100	1AAPL 2MSFT 3AMZN Top holdings2021-06-30 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.META 6.GOOGL 7.TGT 8.GOOG 9.VZ 10.COST
2021-03-31	845	$2.3B	20	1AAPL 2MSFT 3AMZN Top holdings2021-03-31 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.META 6.GOOGL 7.TGT 8.COST 9.QCOM 10.JNJ
2020-12-31	833	$2.1B	99	1AAPL 2MSFT 3AMZN Top holdings2020-12-31 1.AAPL 2.MSFT 3.AMZN 4.WMT 5.JPM 6.COST 7.QCOM 8.META 9.TGT 10.GOOGL
2020-09-30	862	$753.3M	100	1AAPL 2MSFT 3AMZN Top holdings2020-09-30 1.AAPL 2.MSFT 3.AMZN 4.META 5.WMT 6.GOOGL 7.JNJ 8.MRK 9.HD 10.GOOG
2020-06-30	225	$240.0M	86	1WMT 2AAPL 3GILD Top holdings2020-06-30 1.WMT 2.AAPL 3.GILD 4.MRK 5.VZ 6.QCOM 7.CLX 8.HUM 9.TGT 10.VRSN
2020-03-31	191	$201.2M	61	1VRSN 2COST 3SPGI Top holdings2020-03-31 1.VRSN 2.COST 3.SPGI 4.TGT 5.WMT 6.HUM 7.ALL 8.ES 9.QCOM 10.AEE
2019-12-31	252	$262.6M	—	1TGT 2NKE 3PSX Top holdings2019-12-31 1.TGT 2.NKE 3.PSX 4.SO 5.DUK 6.WELL 7.WMT 8.QCOM 9.FE 10.ETR

Holding changes this quarter

Position changes disclosed by Illinois Municipal Retirement Fund for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	XOM	Exxon Mobil CORP	+0.3%	-0.84%	Trim
2	IVV	Ishares Core S&p 500 ETF	+0.2%	+149.48%	Add
3	NVDA	Nvidia CORP	+0.2%	+12.14%	Add
4	CVX	Chevron CORP	+0.2%	+0.78%	Add
5	AAPL	Apple INC	+0.2%	+10.16%	Add
6	WDC	Western Digital CORP	+0.1%	-11.02%	Trim
7	TER	Teradyne INC	+0.1%	-6.16%	Trim
8	APA	Apa CORP	+0.1%	+51.04%	Add
9	AEE	Ameren Corporation	+0.1%	+133.87%	Add
10	CIEN	Ciena CORP	+0.1%	+2.22%	Add
11	LKQ	Lkq CORP	+0.1%	+192.89%	Add
12	AMAT	Applied Materials INC	+0.1%	-4.09%	Trim
13	JNJ	Johnson & Johnson	+0.1%	-7.40%	Trim
14	GLW	Corning INC	+0.1%	-18.84%	Trim
15	VZ	Verizon Communications INC	+0.1%	-5.89%	Trim
16	JNJ	Johnson & Johnson	+0.1%	+202.61%	Add
17	ETR	Entergy CORP	+0.1%	+18.28%	Add
18	COST	Costco Wholesale CORP	+0.1%	-3.02%	Trim
19	CMS	Cms Energy CORP	+0.1%	+150.97%	Add
20	PRIM	Primoris Services CORP	+0.1%	+403.37%	Add
21	NTRS	Northern Trust CORP	+0.1%	+27.33%	Add
22	EME	Emcor Group INC	+0.1%	+15.09%	Add
23	EXC	Exelon CORP	+0.1%	+35.91%	Add
24	PRU	Prudential Financial INC	-0.1%	-60.49%	Trim
25	ABT	Abbott Laboratories	-0.1%	-6.13%	Trim
26	WFC	Wells Fargo & Co	-0.1%	-4.99%	Trim
27	EL	Estee Lauder Companies-cl A	-0.1%	-10.94%	Trim
28	CRM	Salesforce INC	-0.1%	-0.96%	Trim
29	ORLY	O'reilly Automotive INC	-0.1%	-19.24%	Trim
30	AMZN	Amazon.com INC	-0.1%	+4.71%	Add
31	TJX	Tjx Companies INC	-0.1%	-18.14%	Trim
32	TEAM	Atlassian Corp-cl A	-0.1%	+6.42%	Add
33	ADSK	Autodesk INC	-0.1%	-4.16%	Trim
34	FICO	Fair Isaac CORP	-0.1%	-10.62%	Trim
35	CTSH	Cognizant Tech Solutions-a	-0.1%	-9.55%	Trim
36	PEG	Public Service Enterprise Gp	-0.1%	-70.00%	Trim
37	ZM	Zoom Communications INC	-0.1%	-26.29%	Trim
38	BKNG	Booking Holdings INC	-0.1%	-7.74%	Trim
39	DASH	Doordash INC - A	-0.1%	-16.60%	Trim
40	SPOT	Spotify Technology S.A.	-0.1%	-13.18%	Trim
41	GOOGL	Alphabet Inc-cl A	-0.1%	+1.75%	Add
42	META	Meta Platforms Inc-class A	-0.1%	+4.21%	Add
43	BSX	Boston Scientific CORP	-0.1%	-25.05%	Trim
44	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	-11.80%	Trim
45	QCOM	Qualcomm INC	-0.1%	-4.20%	Trim
46	APP	Applovin Corp-class A	-0.2%	-5.00%	Trim
47	MSFT	Microsoft CORP	-0.5%	+8.54%	Add
48	EXK	Exact Sciences CORP	—	EXIT	Sold out
49	INVH	Invitation Homes INC	—	EXIT	Sold out
50	AVB	Avalonbay Communities INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-05	13F-HR	View on EDGAR
2025-12-31	2026-02-11	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-07	13F-HR	View on EDGAR
2025-03-31	2025-04-24	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-11-04	13F-HR	View on EDGAR
2024-06-30	2024-08-05	13F-HR	View on EDGAR
2024-03-31	2024-05-07	13F-HR	View on EDGAR
2023-12-31	2024-02-01	13F-HR	View on EDGAR
2023-09-30	2023-11-06	13F-HR	View on EDGAR
2023-06-30	2023-08-03	13F-HR	View on EDGAR
2023-03-31	2023-05-05	13F-HR	View on EDGAR
2022-12-31	2023-02-03	13F-HR	View on EDGAR
2022-09-30	2022-11-03	13F-HR	View on EDGAR
2022-06-30	2022-08-05	13F-HR	View on EDGAR
2022-03-31	2022-04-29	13F-HR	View on EDGAR
2021-12-31	2022-01-31	13F-HR	View on EDGAR
2021-09-30	2021-10-28	13F-HR	View on EDGAR
2021-06-30	2021-08-04	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-02-09	13F-HR	View on EDGAR
2020-09-30	2020-11-03	13F-HR	View on EDGAR
2020-06-30	2020-08-03	13F-HR	View on EDGAR
2020-03-31	2020-04-30	13F-HR	View on EDGAR
2019-12-31	2020-02-06	13F-HR	View on EDGAR