PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO

Pension

CIK

315297

Location

DENVER, CO

Portfolio Value

Large $24,232,616,611

Diversification

Diversified

Filing Date

Global Rank

#243 / 8,621 ▼ 11 · as of Mar 2026

Top Industry

Semiconductors 15.3%

3Y Alpha vs SPY

-3.4%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+62.3%

SPY

+67.9%

Annualised alpha

-1.3%

Max drawdown

−20.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

1,789 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.2%

−0.2 pts

Top 5

30.2%

−2.6 pts

Top 10

42.1%

−2.7 pts

HHI

251

Diversified−33

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.1%	$8,260,496,370	282
Financial Services	11.7%	$2,845,003,942	276
Consumer Cyclical	10.2%	$2,480,758,110	220
Healthcare	10.2%	$2,478,612,312	252
Communication Services	10.2%	$2,463,837,313	69
Industrials	8.7%	$2,117,423,722	266
Consumer Defensive	6.4%	$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%	$322,748,140	72
Utilities	1.0%	$252,940,944	59
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

12 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
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

1,789 positions · $24,232,616,611 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 1,789 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%	8.21%
AAPL	Apple Inc. Technology	Reduced	6,774,177	-27,679	$1,719,218,380	−7.0%	7.09%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,559,738	-390,896	$1,311,198,259	−15.4%	5.41%
MSFT	Microsoft Corp Technology	Reduced	3,465,021	-200,385	$1,282,646,823	−27.6%	5.29%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,838,746	-164,724	$1,007,765,629	−12.7%	4.16%
META	Meta Platforms, Inc. Communication Services	Added	1,263,798	+11,358	$723,056,749	−12.5%	2.98%
AVGO	Broadcom Inc. Technology	Added	2,251,556	+78,165	$696,879,097	−7.4%	2.88%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,735,843	-122,342	$510,615,576	−14.7%	2.11%
WMT	Walmart Inc. Consumer Defensive	Reduced	3,961,361	-240,920	$492,317,945	+5.2%	2.03%
XOM	ExxonMobil Holdings Corp Energy	Reduced	2,742,441	-20,434	$465,282,540	+39.9%	1.92%
LLY	ELI LILLY & Co Healthcare	Added	447,432	+29,835	$411,534,530	−8.3%	1.70%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	397,430	-6,188	$396,011,174	+13.8%	1.63%
V	Visa Inc. Financial Services	Reduced	1,108,019	-292,133	$334,887,662	−31.8%	1.38%
TSLA	Tesla, Inc. Consumer Cyclical	Added	885,146	+64,489	$329,053,025	−10.8%	1.36%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	1,814,821	-316,096	$300,062,504	−12.2%	1.24%
MA	Mastercard Inc Financial Services	Reduced	524,351	-65,053	$261,997,220	−22.1%	1.08%
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%	1.02%
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%	0.94%
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%	0.86%
ABBV	AbbVie Inc. Healthcare	Added	911,731	+70,265	$198,292,375	+3.1%	0.82%
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%	0.75%
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%
GILD	Gilead Sciences, Inc. Healthcare	Added	1,019,546	+110,744	$142,094,126	+27.4%	0.59%
NFLX	Netflix Inc Communication Services	Reduced	1,449,577	-754,955	$139,376,828	−32.6%	0.58%
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%	0.57%
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%	0.50%
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%	0.47%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	65,216	-1,917	$112,759,768	−16.6%	0.47%
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%	0.45%
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%	0.42%
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%
CAT	Caterpillar Inc Industrials	Added	121,547	+61,391	$86,111,187	+149.9%	0.36%