CREF Growth Account - R3
QCGRIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- NY United States of America
- IPO Date
- Jan 2, 2020
- CIK
- 0000777535
- Similar Companies
- Business
- CREF Growth Account - R3 (QCGRIX) is an actively managed variable annuity separate account within the College Retirement Equities Fund (CREF), offered by Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA), that seeks a favorable long-term rate of return mainly through capital appreciation; it invests primarily in a diversified portfolio of common stocks and other equity securities of large, well-known, established companies, especially those with new or innovative products, services or processes that may enhance future earnings prospects, as well as smaller companies with growth potential and firms positioned to benefit from acquisitions, reorganizations or other special situations; under normal circumstances, at least 80% of assets are committed to equities, with up to 20% in foreign securities; the account employs a multi-strategy approach incorporating active management, quantitative analysis and indexing, benchmarked against the Russell 1000 Growth Total Return Index; participants may convert accumulations into lifetime income options. The account, domiciled in the United States with headquarters in New York, NY, was launched on April 29, 1994, and as of September 30, 2025, manages net assets of approximately $43.32 billion across Class R3 shares (CUSIP 194408183), with an estimated annual expense ratio of 0.21%; portfolio allocation emphasizes U.S. equities at 96.72%, international equities at 3.28%, and minimal short-term investments, with top sectors including information technology (49.63%), consumer discretionary (15.23%) and communication services (14.74%); key holdings feature leading growth names such as NVIDIA Corp. (12.36%), Microsoft Corp. (11.82%), Amazon.com Inc. (7.78%), Broadcom Inc. (7.38%) and Apple Inc. (6.97%). It primarily serves retirement plan participants, including educators and nonprofit professionals, through TIAA's tax-deferred individual, group and variable annuity contracts in the large growth category. In recent developments, TIAA announced on November 17, 2025, name changes for three other CREF variable annuity accounts effective in its $290 billion suite—CREF Stock Account to CREF Total Global Stock Account, CREF Equity Index Account to CREF S&P 500 Index Account, and CREF Social Choice Account to CREF Responsible Balanced Account—to better reflect their strategies, though the CREF Growth Account remains unchanged; the fund maintains its multi-manager team, including Terrence Kontos (since 2014), Saira Malik (since 2020) and Karen Hiatt (since 2021), with ongoing portfolio turnover of 22% as of December 31, 2024.