Retirement Systems of Alabama Trims Stake in Maplebear Inc.

The institutional investor reduced its position in the online grocery delivery company by nearly half during the fourth quarter.

Apr. 4, 2026 at 9:13am by Ben Kaplan

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An extreme close-up of intricate financial machinery and equipment, conveying the complex mechanics of institutional investing without depicting any literal currency or charts.Retirement Systems of Alabama's reduction in its Maplebear holdings could signal shifting investor sentiment around the online grocery delivery company.San Francisco Today

Retirement Systems of Alabama, a major institutional investor, cut its stake in Maplebear Inc. (NASDAQ:CART) by 47.6% during the fourth quarter, according to a recent SEC filing. The investor now owns 220,831 shares of the online grocery delivery company, down from 421,051 shares previously.

Why it matters

Retirement Systems of Alabama's reduction in its Maplebear holdings could signal a shift in investor sentiment around the company, which has seen its stock price fluctuate in recent quarters. As a large institutional investor, Retirement Systems of Alabama's trading activity can influence market perceptions of Maplebear.

The details

According to the SEC filing, Retirement Systems of Alabama sold 200,220 shares of Maplebear stock during the fourth quarter. The investor now owns a 0.08% stake in the company, down from the 0.15% stake it previously held. Several other large investors have also adjusted their Maplebear positions in recent quarters, with some increasing their stakes and others, like Retirement Systems of Alabama, reducing exposure.

  • Retirement Systems of Alabama filed the SEC disclosure on April 4, 2026, detailing its Q4 2025 trading activity.
  • The investor reduced its Maplebear stake during the fourth quarter of 2025.

The players

Retirement Systems of Alabama

A major institutional investor that manages retirement funds for Alabama public employees.

Maplebear Inc.

The parent company of the online grocery delivery service Instacart, which is publicly traded on the Nasdaq exchange under the ticker symbol CART.

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The takeaway

Retirement Systems of Alabama's reduction in its Maplebear holdings could signal a broader shift in investor sentiment around the online grocery delivery company, which has seen its stock price fluctuate in recent quarters. As a large institutional investor, Retirement Systems of Alabama's trading activity can influence market perceptions of Maplebear.