Utah Retirement Systems
Utah Retirement Systems (URS) is an independent component unit of the State of Utah, headquartered in Salt Lake City, UT. Founded in 1963, URS administers six defined benefit pension systems and five defined contribution plans, serving over 250,000 public employees including state, local government, and public education employees in Utah. The system employs investment professionals and staff dedicated to providing secure retirement and insurance benefits, and maintaining a diversified investment portfolio. URS serves active, retired, and vested members, working closely with numerous public employers.
Investment Strategy
URS employs a globally diversified investment strategy across asset classes, including equities, debt securities, private equity, real assets, absolute return, and short-term instruments. The primary objective is to achieve the assumed actuarial rate of return while minimizing portfolio risk through diversification. Both passive and active strategies are utilized, with careful risk management that considers qualitative and quantitative factors, including ESG issues. Asset allocation is regularly reviewed and adjusted by the Board and executive management to honor pension commitments and maximize long-term returns for beneficiaries. URS emphasizes compounding returns and cost efficiency in its investment philosophy.
Top Holdings
Equity Positions (981)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 6.36% | $609.4M | 3,856,958 | $2.75 | $157.99 | +$189.2M |
M MSFT | MICROSOFT CORP | 6.36% | $609.1M | 1,224,592 | $50.19 | $497.41 | +$146.7M |
A AAPL | APPLE INC | 5.20% | $498.3M | 2,428,688 | $31.53 | $205.17 | -$43.9M |
A AMZN | AMAZON COM INC | 3.57% | $341.8M | 1,557,840 | $38.77 | $219.39 | +$46.0M |
M META | META PLATFORMS INC | 2.78% | $266.2M | 360,703 | $71.43 | $738.09 | +$57.1M |