For the 100 largest public-employee retirement systems in the country, total holdings and investments were up four consecutive quarters in the second quarter of 2011, reaching the highest level since the second quar-ter of 2008. Total holdings and investments quarter-to-quarter increased $35.2 billion or 1.3 percent to $2.8 trillion. Total holdings and investments year-to-year rose $414.0 billion or 17.6 percent from $2.4 trillion in the second quarter of 2010. This was the seventh consecutive quarter with a year-to-year increase.