CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
Institutional investor · Portfolio as of Q4 2025
Top Holdings1,086 positions
Vanguard Index Funds S&P 500 ETF SHS | 31.6M | $19.8B | 11.3% | $545.16 | +14.05% | 5 qtrssince 2024-Q4 | Increased 74 |
NVIDIA Corp. | 76.4M | $14.2B | 8.1% | $63.48 | +193.10% | 29 qtrssince 2018-Q4 | Increased 71 |
Microsoft Corp. | 21.1M | $10.2B | 5.8% | $223.11 | +115.40% | 29 qtrssince 2018-Q4 | Increased 68 |
Apple Inc. | 36.4M | $9.9B | 5.7% | $96.53 | +180.88% | 29 qtrssince 2018-Q4 | Increased 64 |
Alphabet Inc. | 15.4M | $4.8B | 2.8% | $105.31 | +196.64% | 29 qtrssince 2018-Q4 | Increased 60 |
Broadcom Inc | 13.6M | $4.7B | 2.7% | $107.60 | +219.88% | 29 qtrssince 2018-Q4 | Increased 64 |
Amazon.com, Inc. | 20M | $4.6B | 2.6% | $127.38 | +81.21% | 29 qtrssince 2018-Q4 | Increased 57 |
Alphabet Inc. | 12.3M | $3.9B | 2.2% | $103.59 | +202.32% | 29 qtrssince 2018-Q4 | Increased 60 |
Meta Platforms Inc | 5.8M | $3.8B | 2.2% | $291.67 | +125.73% | 29 qtrssince 2018-Q4 | Decreased 0 |
Tesla Inc | 5.2M | $2.4B | 1.3% | $155.24 | +189.69% | 29 qtrssince 2018-Q4 | Increased 50 |
JPMorgan Chase & Co. | 6.8M | $2.2B | 1.2% | $136.06 | +133.50% | 29 qtrssince 2018-Q4 | Increased 51 |
JPMORGAN ACTIVE HIGH YIELD ETF | 39.9M | $2B | 1.2% | $46.65 | +3.42% | 3 qtrssince 2025-Q2 | Unchanged 0 |
Eli Lilly & Co. | 1.9M | $2B | 1.1% | $204.61 | +422.70% | 29 qtrssince 2018-Q4 | Decreased 0 |
Berkshire Hathaway Inc. | 3.4M | $1.7B | 1.0% | $248.95 | +101.91% | 29 qtrssince 2018-Q4 | Decreased 0 |
Johnson & Johnson | 7.4M | $1.5B | 0.9% | $114.16 | +78.42% | 29 qtrssince 2018-Q4 | Decreased 0 |
Visa Inc | 3.3M | $1.2B | 0.7% | $153.18 | +127.59% | 29 qtrssince 2018-Q4 | Decreased 0 |
BK OF AMERICA CORP | 19.6M | $1.1B | 0.6% | $29.31 | +84.70% | 29 qtrssince 2018-Q4 | Increased 46 |
MasterCard Incorporated | 1.8M | $1B | 0.6% | $292.76 | +94.05% | 29 qtrssince 2018-Q4 | Decreased 0 |
AbbVie Inc. | 4.2M | $959.3M | 0.5% | $115.91 | +92.58% | 29 qtrssince 2018-Q4 | Decreased 0 |
Walmart Inc | 8.6M | $958.8M | 0.5% | $36.34 | +204.60% | 29 qtrssince 2018-Q4 | Decreased 0 |
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: Steady Compounder. HoldingsIntel Score: 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
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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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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