CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q3 2025
Top Holdings1,089 positions
VANGUARD S&P500 INDEX ETF | 26M | $15.9B | 9.5% | $528.55 | +14.54% | 4 qtrssince 2024-Q4 | Increased 62 |
NVIDIA Corp | 66.1M | $12.3B | 7.4% | $44.34 | +319.75% | 28 qtrssince 2018-Q4 | Increased 63 |
Microsoft Corp | 19.4M | $10B | 6.0% | $200.13 | +156.70% | 28 qtrssince 2018-Q4 | Decreased 0 |
Apple Inc | 35.3M | $9B | 5.4% | $91.18 | +178.22% | 28 qtrssince 2018-Q4 | Decreased 0 |
Facebook Inc | 5.9M | $4.4B | 2.6% | $291.67 | +150.93% | 28 qtrssince 2018-Q4 | Increased 60 |
Amazon.com Inc | 19.2M | $4.2B | 2.5% | $123.07 | +78.41% | 28 qtrssince 2018-Q4 | Increased 57 |
Broadcom Inc | 11.6M | $3.8B | 2.3% | $66.47 | +392.70% | 28 qtrssince 2018-Q4 | Increased 57 |
Alphabet Inc | 14.1M | $3.4B | 2.0% | $86.22 | +181.22% | 28 qtrssince 2018-Q4 | Decreased 0 |
Alphabet Inc | 11.3M | $2.8B | 1.7% | $85.02 | +185.72% | 28 qtrssince 2018-Q4 | Decreased 0 |
Tesla Inc | 5.2M | $2.3B | 1.4% | $154.17 | +188.46% | 28 qtrssince 2018-Q4 | Increased 52 |
JPMorgan Chase & Co | 6.6M | $2.1B | 1.2% | $132.07 | +134.36% | 28 qtrssince 2018-Q4 | Increased 60 |
JPMORGAN ACTIVE HIGH YIELD ETF | 39.9M | $2B | 1.2% | $46.65 | +2.10% | 2 qtrssince 2025-Q2 | Unchanged 0 |
Berkshire Hathaway Inc | 3.6M | $1.8B | 1.1% | $248.95 | +101.94% | 28 qtrssince 2018-Q4 | Decreased 0 |
Eli Lilly & Co | 1.9M | $1.5B | 0.9% | $204.61 | +270.56% | 28 qtrssince 2018-Q4 | Decreased 0 |
Johnson & Johnson | 7.7M | $1.4B | 0.9% | $114.16 | +58.85% | 28 qtrssince 2018-Q4 | Increased 45 |
Visa Inc | 3.5M | $1.2B | 0.7% | $153.18 | +121.10% | 28 qtrssince 2018-Q4 | Decreased 0 |
AbbVie Inc | 5M | $1.1B | 0.7% | $115.91 | +93.75% | 28 qtrssince 2018-Q4 | Increased 46 |
Costco Wholesale Corp | 1.2M | $1.1B | 0.6% | $546.83 | +68.29% | 28 qtrssince 2018-Q4 | Increased 51 |
Mastercard Inc | 1.9M | $1.1B | 0.6% | $292.76 | +93.09% | 28 qtrssince 2018-Q4 | Increased 45 |
Bank of America Corp | 19.3M | $994.7M | 0.6% | $28.88 | +74.93% | 28 qtrssince 2018-Q4 | Increased 50 |
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM manages $167B across 1089 positions as of Q3 2025. Top holdings: VOO (9.5%), NVDA (7.4%), MSFT (6.0%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 5/5.0.
Active quarter - 36 new positions, 61 exits, 666 increased. Top move: NVDA (INCREASED, conviction 63). Portfolio: $167.0B across 1089 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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
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