Institutional investor · Portfolio as of Q4 2025
Quarterly Portfolio Change
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM manages $174.9B across 1086 positions as of Q4 2025. Top holdings: VOO (11.3%), NVDA (8.1%), MSFT (5.8%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 5/5.0.
Active quarter - 4 new positions, 7 exits, 451 increased. Top move: VOO (INCREASED, conviction 74). Portfolio: $174.9B across 1086 positions.
Top holdings by portfolio weight
Funds with similar investing DNA
Best and worst performing positions by estimated return
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View plansCost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Portfolio allocation by GICS sector
Behavioral investing profile