PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO

Pension

CIK

315297

Location

DENVER, CO

Portfolio Value

Large $24,386,086,206

Diversification

Diversified

Filing Date

Global Rank

#155 / 8,232 ▲ 6

Top Industry

Semiconductors 15.2%

3Y Alpha vs SPY

-4.4%

Period ended 2 months ago

Filed May 14, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.1%

SPY

+76.5%

Annualised alpha

-4.4%

Max drawdown

−20.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,785 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.2%

−0.2 pts

Top 5

30.0%

−2.6 pts

Top 10

41.8%

−2.8 pts

HHI

248

Diversified−33

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.4%	$8,397,167,711	282
Financial Services	11.7%	$2,844,524,526	274
Consumer Cyclical	10.3%	$2,500,421,375	220
Healthcare	10.2%	$2,478,702,231	252
Communication Services	10.1%	$2,463,859,938	69
Industrials	8.7%	$2,118,603,619	265
Consumer Defensive	6.3%	$1,548,219,152	85
Energy	4.1%	$1,000,949,158	69
Real Estate	1.9%	$458,499,808	137
Basic Materials	1.3%	$319,184,534	72
Utilities	1.0%	$252,826,514	58
Unclassified	0.0%	$3,127,640	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+3,361,874	4,283,314	$124,173,272
MNST	Monster Beverage Corp	+1,099,874	1,195,064	$86,594,337
VTRS	Viatris Inc	+886,000	1,003,521	$13,557,568
FHN	First Horizon Corp	+826,000	879,916	$20,026,888
BSX	Boston Scientific Corp	+618,254	1,701,806	$106,788,326
FITB	Fifth Third Bancorp	+452,011	514,944	$23,924,298
INTC	Intel Corp	+412,569	992,676	$43,806,791
TJX	Tjx Companies Inc /De/	+408,534	550,671	$87,942,158
COF	Capital One Financial Corp	+405,758	488,313	$89,082,940
AMD	Advanced Micro Devices Inc	+346,632	554,856	$112,874,356
OPCH	Option Care Health, Inc.	+325,000	343,215	$9,239,347
EXEL	Exelixis, Inc.	+250,300	276,248	$11,848,276
SYK	Stryker Corp	+249,207	467,902	$153,747,918
MU	Micron Technology Inc	+231,239	614,865	$207,725,991
PANW	Palo Alto Networks Inc	+221,670	987,784	$158,361,530
BKR	Baker Hughes Co	+190,000	285,080	$17,404,134
LRCX	Lam Research Corp	+189,945	351,176	$75,032,264
EW	Edwards Lifesciences Corp	+189,627	1,043,941	$83,598,795
TXN	Texas Instruments Inc	+168,789	789,973	$153,365,358
DOW	Dow Inc.	+166,950	223,428	$9,305,776
SNEX	StoneX Group Inc.	+155,115	310,844	$25,069,568
YUM	Yum Brands Inc	+142,700	168,220	$26,154,845
FTI	TechnipFMC plc	+129,500	171,997	$11,890,152
HAS	Hasbro, Inc.	+128,600	141,581	$13,251,981
SGI	Somnigroup International Inc.	+112,700	128,445	$9,494,654
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
UBER	Uber Technologies, Inc	−1,008,241	255,183	$18,355,313
MRVL	Marvell Technology, Inc.	−919,507	109,764	$10,872,124
NFLX	Netflix Inc	−754,955	1,449,577	$139,376,828
CRM	Salesforce, Inc.	−593,654	327,251	$61,087,944
MS	Morgan Stanley	−507,960	1,501,131	$247,041,128
GOOGL	Alphabet Inc.	−390,896	4,559,738	$1,311,198,259
AMSF	Amerisafe Inc	−382,235	5,248	$174,915
NVDA	Nvidia Corp	−381,285	11,402,771	$1,988,643,262
CBU	Community Financial System, Inc.	−375,174	5,913	$346,797
WRB	Berkley W R Corp	−318,911	21,280	$1,410,438
PM	Philip Morris International Inc.	−316,096	1,814,821	$300,062,504
ORLY	O Reilly Automotive Inc	−298,474	1,174,144	$108,385,232
V	Visa Inc.	−292,133	1,108,019	$334,887,662
POWI	Power Integrations Inc	−251,919	3,602	$184,422
WMT	Walmart Inc.	−240,920	3,961,361	$492,317,945
ABT	Abbott Laboratories	−220,059	1,171,060	$120,232,730
AXP	American Express Co	−201,629	836,697	$253,084,108
PB	Prosperity Bancshares Inc	−200,590	7,621	$511,978
MSFT	Microsoft Corp	−200,385	3,465,021	$1,282,646,823
PR	Permian Resources Corp	−198,600	1,031,222	$21,985,653
GWRE	Guidewire Software, Inc.	−188,700	75,825	$11,340,387
TSCO	Tractor Supply Co /De/	−181,300	305,880	$13,856,364
RYAN	Ryan Specialty Holdings, Inc.	−180,679	10,955	$369,621
DHR	Danaher Corp /De/	−174,232	294,637	$55,863,175
APH	Amphenol Corp /De/	−172,372	1,136,743	$143,627,478
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
BOKF	Bok Financial Corp	127,550	$16,334,053
SIMO	Silicon Motion Technology CORP	77,000	$8,646,330
PNFP	Pinnacle Financial Partners, Inc.	13,311	$1,146,609
DX	Dynex Capital Inc	61,191	$780,797
CGON	CG Oncology, Inc.	10,542	$713,482
CENX	Century Aluminum Co	10,465	$614,190
IMNM	Immunome Inc.	24,280	$531,003
VSNT	Versant Media Group, Inc.	13,469	$498,622
GPGI	GPGI, Inc.	22,628	$386,938
INDV	Indivior Pharmaceuticals, Inc.	12,158	$370,575
JOYY	JOYY Inc.	1,300	$75,907
RNA	Atrium Therapeutics, Inc.	780	$10,428
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
ALC	Alcon Inc	329,125	$25,938,341
EXAS	EXACT SCIENCES CORP	18,460	$1,874,797
TGNA	TEGNA INC	16,088	$312,268
ACLX	Arcellx, Inc.	3,217	$209,748
PIPR	Piper Sandler Companies	2,046	$173,761
ELME	Elme Communities	9,944	$173,025
TME	Tencent Music Entertainment Group	3,300	$57,849
CYD	China Yuchai International Ltd	1,400	$49,700
FSP	Franklin Street Properties Corp /Ma/	41,474	$39,400
XRX	Xerox Holdings Corp	14,857	$35,211
BBBY	Bed Bath & Beyond, Inc.	5,453	$29,773
ASPN	Aspen Aerogels Inc	6,088	$17,229
NFE	New Fortress Energy Inc.	8,688	$9,904
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,785 positions · $24,386,086,206 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,785 positions by value · page 1 of 36

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	11,402,771	-381,285	$1,988,643,262	−9.5%	8.15%
AAPL	Apple Inc. Technology	Reduced	6,774,177	-27,679	$1,719,218,380	−7.0%	7.05%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,559,738	-390,896	$1,311,198,259	−15.4%	5.38%
MSFT	Microsoft Corp Technology	Reduced	3,465,021	-200,385	$1,282,646,823	−27.6%	5.26%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,838,746	-164,724	$1,007,765,629	−12.7%	4.13%
META	Meta Platforms, Inc. Communication Services	Added	1,263,798	+11,358	$723,056,749	−12.5%	2.97%
AVGO	Broadcom Inc. Technology	Added	2,251,556	+78,165	$696,879,097	−7.4%	2.86%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,735,843	-122,342	$510,615,576	−14.7%	2.09%
WMT	Walmart Inc. Consumer Defensive	Reduced	3,961,361	-240,920	$492,317,945	+5.2%	2.02%
XOM	Exxon Mobil Corp Energy	Reduced	2,742,441	-20,434	$465,282,540	+39.9%	1.91%
LLY	ELI LILLY & Co Healthcare	Added	447,432	+29,835	$411,534,530	−8.3%	1.69%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	397,430	-6,188	$396,011,174	+13.8%	1.62%
V	Visa Inc. Financial Services	Reduced	1,108,019	-292,133	$334,887,662	−31.8%	1.37%
TSLA	Tesla, Inc. Consumer Cyclical	Added	885,146	+64,489	$329,053,025	−10.8%	1.35%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	1,814,821	-316,096	$300,062,504	−12.2%	1.23%
MA	Mastercard Inc Financial Services	Reduced	524,351	-65,053	$261,997,220	−22.1%	1.07%
AXP	American Express Co Financial Services	Reduced	836,697	-201,629	$253,084,108	−34.1%	1.04%
MS	Morgan Stanley Financial Services	Reduced	1,501,131	-507,960	$247,041,128	−30.7%	1.01%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	705,515	-49,285	$238,428,794	+3.9%	0.98%
RTX	RTX Corp Industrials	Reduced	1,181,691	-11,945	$227,948,193	+4.1%	0.93%
MCK	Mckesson Corp Healthcare	Reduced	259,006	-10,276	$224,133,432	+1.5%	0.92%
MU	Micron Technology Inc Technology	Added	614,865	+231,239	$207,725,991	+89.7%	0.85%
ABBV	AbbVie Inc. Healthcare	Added	911,731	+70,265	$198,292,375	+3.1%	0.81%
GE	General Electric Co Industrials	Reduced	694,506	-17,407	$197,079,967	−10.1%	0.81%
WCN	Waste Connections, Inc. Industrials	Reduced	1,114,166	-104,763	$180,985,125	−15.3%	0.74%
EOG	Eog Resources Inc Energy	Reduced	1,147,555	-18,828	$165,902,026	+35.5%	0.68%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	489,619	-30,441	$161,030,792	−10.0%	0.66%
PANW	Palo Alto Networks Inc Technology	Added	987,784	+221,670	$158,361,530	+12.2%	0.65%
SYK	Stryker Corp Healthcare	Added	467,902	+249,207	$153,747,918	+100.0%	0.63%
TXN	Texas Instruments Inc Technology	Added	789,973	+168,789	$153,365,358	+42.3%	0.63%
APH	Amphenol Corp /De/ Technology	Reduced	1,136,743	-172,372	$143,627,478	−18.8%	0.59%
KLAC	Kla Corp Technology	Added	96,856	+975	$142,611,742	+22.4%	0.58%
GILD	Gilead Sciences, Inc. Healthcare	Added	1,019,546	+110,744	$142,094,126	+27.4%	0.58%
NFLX	Netflix Inc Communication Services	Reduced	1,449,577	-754,955	$139,376,828	−32.6%	0.57%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	311,750	-17,995	$139,208,845	−6.9%	0.57%
EMR	Emerson Electric Co Industrials	Reduced	1,047,430	-18,846	$137,234,278	−3.0%	0.56%
T	At&T Inc. Communication Services	Added	4,283,314	+3,361,874	$124,173,272	+442.5%	0.51%
ABT	Abbott Laboratories Healthcare	Reduced	1,171,060	-220,059	$120,232,730	−31.0%	0.49%
SHW	Sherwin Williams Co Basic Materials	Reduced	365,906	-6,378	$117,291,168	−2.8%	0.48%
AMD	Advanced Micro Devices Inc Technology	Added	554,856	+346,632	$112,874,356	+153.1%	0.46%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	65,216	-1,917	$112,759,768	−16.6%	0.46%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	221,025	-20,076	$108,640,418	−22.2%	0.45%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	1,174,144	-298,474	$108,385,232	−19.3%	0.44%
BSX	Boston Scientific Corp Healthcare	Added	1,701,806	+618,254	$106,788,326	+3.4%	0.44%
UNP	Union Pacific Corp Industrials	Reduced	439,938	-678	$106,737,757	+4.7%	0.44%
GD	General Dynamics Corp Industrials	Added	293,357	+33,010	$100,685,989	+14.9%	0.41%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	273,464	-544	$89,441,870	+5.2%	0.37%
COF	Capital One Financial Corp Financial Services	Added	488,313	+405,758	$89,082,940	+345.2%	0.37%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	550,671	+408,534	$87,942,158	+302.8%	0.36%
MNST	Monster Beverage Corp Consumer Defensive	Added	1,195,064	+1,099,874	$86,594,337	+1086.5%	0.36%