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Illinois Municipal Retirement Fund

CIK:0001541910
Pension Fund
$50B AUM
1,237 holdings
Oak Brook, IL, United States
Founded:1939
200 employees
Latest filing:Jun 30, 2025

The Illinois Municipal Retirement Fund (IMRF) is a public pension fund headquartered in Oak Brook, Illinois, serving the retirement, disability, and death benefit needs of employees from local governments and school districts across the state. Founded in 1939 by the Illinois General Assembly, IMRF operates under a statutory board of trustees and manages various retirement plans for municipal employees. IMRF employs a professional staff that administers retirement programs, supports members and employers, and conducts workshops and seminars. The fund is structured to ensure financial security for municipal workers and currently supports thousands of active and retired members.

Investment Strategy

IMRF employs a diversified investment strategy focused on long-term growth and capital preservation to fulfill its benefit obligations. The fund invests across public equities, fixed income, private equity, and real estate, regularly making substantial commitments to private markets and alternative assets. IMRF seeks to balance risk through asset allocation, targeting returns that exceed its actuarial assumptions in order to secure retirement benefits for its members while maintaining prudent oversight and compliance with regulatory standards.

Latest 13F Filing Activity

Illinois Municipal Retirement Fund filed their most recent 13F report on Jun 30, 2025 disclosing 1,222 equity positions with a total 13F market value of $7B. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Philip Morris Intl Inc. among other positions. Illinois Municipal Retirement Fund reduced exposure to Apple Inc., Diamondback Energy Inc., Bristol-myers Squibb Co. among others.

Top Buys
N
NVDANVIDIA CORPORATION
+$79.3M
M
MSFTMICROSOFT CORP
+$61.2M
P
PMPHILIP MORRIS INTL INC
+$27.7M
M
METAMETA PLATFORMS INC
+$27.2M
A
ADSKAUTODESK INC
+$19.4M
Top Sells
A
AAPLAPPLE INC
-$17.4M
F
FANGDIAMONDBACK ENERGY INC
-$16.1M
B
BMYBRISTOL-MYERS SQUIBB CO
-$14.8M
L
LLYELI LILLY & CO
-$13.2M
U
UNHUNITEDHEALTH GROUP INC
-$12.0M

Top Holdings

M
MSFTMICROSOFT CORP
+3.5%$253.9M
N
NVDANVIDIA CORPORATION
+3.3%$243.4M
A
AAPLAPPLE INC
+2.9%$215.9M
A
AMZNAMAZON COM INC
+2.0%$144.0M
M
METAMETA PLATFORMS INC
+1.8%$131.4M

Equity Positions (1,222)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MICROSOFT CORP3.46%$253.9M510,388$271.87$497.41+$61.2M
NVIDIA CORPORATION3.31%$243.4M1,540,594$31.07$157.99+$79.3M
APPLE INC2.94%$215.9M1,052,402$142.21$205.17-$17.4M
AMAZON COM INC1.96%$144.0M656,309$147.56$219.39+$18.2M
META PLATFORMS INC1.79%$131.4M177,980$228.96$738.09+$27.2M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+7.5%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+6.7%
SEMICONDUCTORS & RELATED DEVICES
+5.9%
PHARMACEUTICAL PREPARATIONS
+4.8%
FIRE, MARINE & CASUALTY INSURANCE
+3.9%