Retirement Systems of Alabama Cuts Conagra Brands Stake by 90%

The Alabama pension fund significantly reduced its holdings in the consumer goods company during Q4 2025.

Apr. 8, 2026 at 8:59am

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An extreme close-up of the inner workings of a financial data processing machine, with gears, circuits, and metallic components filling the frame in a high-contrast, industrial style that conceptually represents the complex mechanics of modern institutional investing.Retirement Systems of Alabama's major sell-off of Conagra Brands shares reflects growing institutional skepticism about the consumer goods company's outlook.Chicago Today

Retirement Systems of Alabama, a major institutional investor, lowered its stake in Conagra Brands (NYSE: CAG) by 90.8% during the fourth quarter of 2025, according to a recent SEC filing. The firm sold over 1 million shares, leaving it with just 101,762 shares worth $1.76 million at the end of the reporting period.

Why it matters

This large reduction in Retirement Systems of Alabama's Conagra Brands holdings suggests the pension fund has grown more bearish on the consumer packaged goods company's outlook. Institutional investor activity can be an important signal of a stock's future performance.

The details

Retirement Systems of Alabama, one of the largest public pension funds in the United States, sold 1,005,071 shares of Conagra Brands during Q4 2025. This reduced the fund's total position in the company by 90.8%, leaving it with just 101,762 shares worth $1.76 million at the end of the year.

  • Retirement Systems of Alabama filed its Q4 2025 holdings disclosure on April 8, 2026.

The players

Retirement Systems of Alabama

One of the largest public pension funds in the United States, managing over $50 billion in assets.

Conagra Brands

A major American consumer packaged goods company that owns brands like Birds Eye, Healthy Choice, and Orville Redenbacher's.

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The takeaway

Retirement Systems of Alabama's significant reduction in its Conagra Brands holdings suggests the pension fund has grown more pessimistic about the consumer goods company's prospects. This could signal broader institutional concerns about Conagra's future performance.