CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q2 2025
Top Holdings1,114 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
VANGUARD S&P 500 ETF | 25.9M | $14.7B | 9.4% | $533.32 | +5.38% | 3 qtrssince 2024-Q4 | Increased 73 |
MICROSOFT CORP | 21.8M | $10.8B | 6.9% | $200.80 | +146.12% | 27 qtrssince 2018-Q4 | Increased 70 |
NVIDIA CORP | 64.7M | $10.2B | 6.5% | $116.85 | +34.98% | 27 qtrssince 2018-Q4 | Increased 69 |
APPLE INC | 36.6M | $7.5B | 4.8% | $121.05 | +68.67% | 27 qtrssince 2018-Q4 | Increased 62 |
AMAZON.COM INC | 18.5M | $4.1B | 2.6% | $129.10 | +72.97% | 27 qtrssince 2018-Q4 | Increased 63 |
META PLATFORMS INC-CLASS A | 5.4M | $4B | 2.5% | $250.05 | +192.96% | 27 qtrssince 2018-Q4 | Decreased 0 |
BROADCOM INC | 11.2M | $3.1B | 2.0% | $158.60 | +72.54% | 27 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC-CL A | 14.6M | $2.6B | 1.6% | $112.46 | +58.51% | 27 qtrssince 2018-Q4 | Increased 55 |
ALPHABET INC-CL C | 11.9M | $2.1B | 1.3% | $105.79 | +68.24% | 27 qtrssince 2018-Q4 | Increased 53 |
BERKSHIRE HATHAWAY INC-CL B | 4.3M | $2.1B | 1.3% | $248.72 | +95.27% | 27 qtrssince 2018-Q4 | Decreased 0 |
JPMORGAN ACTIVE HIGH YIELD ETF | 39.9M | $2B | 1.3% | $47.17 | 0.00% | 1 qtr | New 73 |
TESLA INC | 5.1M | $1.6B | 1.0% | $228.42 | +41.68% | 27 qtrssince 2018-Q4 | Increased 54 |
JPMORGAN CHASE & CO | 5.5M | $1.6B | 1.0% | $98.07 | +188.63% | 27 qtrssince 2018-Q4 | Decreased 0 |
ELI LILLY & CO | 2M | $1.6B | 1.0% | $204.61 | +277.76% | 27 qtrssince 2018-Q4 | Increased 52 |
VISA INC-CLASS A SHARES | 3.6M | $1.3B | 0.8% | $153.18 | +129.55% | 27 qtrssince 2018-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 7.6M | $1.2B | 0.7% | $114.64 | +31.14% | 27 qtrssince 2018-Q4 | Decreased 0 |
INTL BUSINESS MACHINES CORP | 3.7M | $1.1B | 0.7% | $104.36 | +173.45% | 27 qtrssince 2018-Q4 | Decreased 0 |
PROCTER & GAMBLE CO/THE | 6.9M | $1.1B | 0.7% | $90.33 | +70.17% | 27 qtrssince 2018-Q4 | Decreased 0 |
WALMART INC | 11M | $1.1B | 0.7% | $51.32 | +88.71% | 27 qtrssince 2018-Q4 | Decreased 0 |
MASTERCARD INC - A | 1.9M | $1B | 0.7% | $290.09 | +88.92% | 27 qtrssince 2018-Q4 | Decreased 0 |
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM manages $157B across 1114 positions as of Q2 2025. Top holdings: VOO (9.4%), MSFT (6.9%), NVDA (6.5%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 5/5.0.
Active quarter - 5 new positions, 9 exits, 691 increased. Top move: VOO (INCREASED, conviction 73). Portfolio: $157.0B across 1114 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer