California Public Employees Retirement System

Pension

CIK

919079

Location

Sacramento, CA

Portfolio Value

Mega $134,825,546,310

Diversification

Diversified

Filing Date

Global Rank

#58 / 8,607 ▼ 2 · as of Mar 2026

Top Industry

Semiconductors 15.1%

3Y Alpha vs SPY

-3.3%

Period ended 3 months ago

Filed May 6, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+62.3%

SPY

+77.0%

Annualised alpha

-3.5%

Max drawdown

−17.4%

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

1,054 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.8%

−0.8 pts

Top 5

28.4%

−1.4 pts

Top 10

37.9%

−2.1 pts

HHI

224

Diversified−24

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	37.5%	$50,611,036,176	179
Financial Services	11.7%	$15,788,232,308	161
Healthcare	9.8%	$13,232,557,356	112
Consumer Cyclical	9.4%	$12,740,432,620	136
Industrials	8.7%	$11,782,185,743	172
Communication Services	8.4%	$11,275,997,434	38
Consumer Defensive	4.3%	$5,810,830,860	53
Energy	3.7%	$4,936,195,327	43
Utilities	2.5%	$3,345,852,479	46
Real Estate	2.1%	$2,818,310,657	68
Basic Materials	1.8%	$2,432,148,853	45
Unclassified	0.0%	$51,766,497	1

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
NCLH	Norwegian Cruise Line Holdings Ltd.	+2,874,730	3,675,830	$68,738,021
KHC	Kraft Heinz Co	+2,116,175	4,347,594	$97,777,389
LRCX	Lam Research Corp	+1,972,277	5,870,899	$1,254,376,280
AMZN	Amazon Com Inc	+1,735,857	21,785,734	$4,537,314,820
UBER	Uber Technologies, Inc	+1,568,224	5,620,059	$404,250,843
AAPL	Apple Inc.	+1,338,411	37,713,677	$9,571,354,085
INTC	Intel Corp	+1,247,702	12,386,924	$546,634,956
MU	Micron Technology Inc	+1,008,116	3,188,608	$1,077,239,326
TFC	Truist Financial Corp	+872,420	3,162,378	$145,374,516
HBAN	Huntington Bancshares Inc /Md/	+859,090	3,631,775	$56,837,278
MSFT	Microsoft Corp	+781,973	21,906,086	$8,108,975,854
MRVL	Marvell Technology, Inc.	+758,319	2,637,984	$261,292,315
RKT	Rocket Companies, Inc.	+646,198	846,198	$12,058,321
CMCSA	Comcast Corp	+501,731	9,351,906	$268,493,221
CSCO	Cisco Systems, Inc.	+492,925	12,054,410	$935,301,671
NXPI	NXP Semiconductors N.V.	+470,254	1,592,213	$313,443,051
CDE	Coeur Mining, Inc.	+453,156	1,562,257	$29,323,563
C	Citigroup Inc	+451,319	4,123,967	$467,699,097
DHI	Horton D R Inc /De/	+426,886	880,665	$120,844,851
CCL	Carnival Corp Ltd.	+419,407	2,359,463	$61,062,902
QCOM	Qualcomm Inc/De	+418,153	3,224,104	$415,200,113
FITB	Fifth Third Bancorp	+405,932	1,623,665	$75,435,475
DHR	Danaher Corp /De/	+374,965	1,858,071	$352,290,261
HAL	Halliburton Co	+337,213	2,188,469	$85,328,406
EMR	Emerson Electric Co	+321,476	1,360,140	$178,205,542
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−8,040,355	68,335,407	$11,917,694,980
T	At&T Inc.	−4,713,219	16,274,183	$471,788,565
PFE	Pfizer Inc	−3,133,806	10,840,185	$304,392,394
VZ	Verizon Communications Inc	−2,719,814	14,417,054	$723,736,110
MDT	Medtronic plc	−2,389,444	2,400,255	$207,982,095
PEP	Pepsico Inc	−2,132,310	3,241,048	$503,302,343
TTD	Trade Desk, Inc.	−2,057,897	705,031	$15,997,153
JNJ	Johnson & Johnson	−1,444,253	5,994,988	$1,465,414,866
BAC	Bank Of America Corp /De/	−1,393,195	18,221,359	$888,291,251
CL	Colgate Palmolive Co	−1,211,449	1,898,485	$161,807,876
MRK	Merck & Co., Inc.	−1,185,318	7,383,088	$888,111,655
ON	On Semiconductor Corp	−1,104,600	683,828	$42,342,629
SBUX	Starbucks Corp	−1,053,434	2,302,657	$206,295,040
APH	Amphenol Corp /De/	−1,017,912	3,119,106	$394,099,043
GRAB	Grab Holdings Ltd	−1,016,282	3,841,232	$14,058,909
MDLZ	Mondelez International, Inc.	−832,342	2,176,693	$125,464,584
BBY	Best Buy Co Inc	−779,246	361,200	$23,189,040
SO	Southern Co	−771,087	2,098,404	$202,537,954
USB	US Bancorp De	−752,084	3,263,435	$169,731,254
BSX	Boston Scientific Corp	−750,748	2,261,265	$141,894,378
CRM	Salesforce, Inc.	−745,310	2,144,702	$400,351,522
GOOGL	Alphabet Inc.	−740,459	14,637,980	$4,209,297,528
ABT	Abbott Laboratories	−738,755	4,467,825	$458,711,592
AEP	American Electric Power Co Inc	−664,814	1,205,330	$157,994,656
BRK-B	Berkshire Hathaway Inc	−609,988	2,782,309	$1,333,282,472
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMCR	Amcor plc	665,429	$26,450,802
ECHO	EchoStar CORP	214,715	$25,136,685
HL	Hecla Mining Co/De/	1,289,745	$24,027,949
PNFP	Pinnacle Financial Partners, Inc.	271,803	$23,413,110
CRWV	CoreWeave, Inc.	265,841	$20,594,702
ROIV	Roivant Sciences Ltd.	691,463	$19,153,525
IREN	IREN Ltd	516,207	$17,695,575
TTMI	Ttm Technologies Inc	173,450	$16,897,499
ARWR	Arrowhead Pharmaceuticals, Inc.	257,133	$16,122,239
PRIM	Primoris Services Corp	99,353	$14,211,453
BMNR	Bitmine Immersion Technologies, Inc.	711,435	$14,072,184
PRAX	Praxis Precision Medicines, Inc.	42,163	$13,584,496
CRCL	Circle Internet Group, Inc.	139,507	$13,310,362
SITM	SITIME Corp	34,439	$11,893,508
FORM	Formfactor Inc	116,977	$11,345,599
SANM	Sanmina Corp	86,818	$11,255,085
SMTC	Semtech Corp	141,886	$10,909,614
VSNT	Versant Media Group, Inc.	289,935	$10,733,393
FCFS	FirstCash Holdings, Inc.	55,439	$10,422,532
UEC	Uranium Energy Corp	638,511	$8,619,898
AXSM	Axsome Therapeutics, Inc.	50,879	$8,599,568
INDV	Indivior Pharmaceuticals, Inc.	239,463	$7,298,832
GLXY	Galaxy Digital Inc.	295,182	$5,446,107
WRD	WeRide Inc.	228,058	$1,844,989
TUYA	Tuya Inc.	146,581	$338,602
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	337,684	$34,295,187
BEKE	KE Holdings Inc.	749,889	$11,818,250
KD	Kyndryl Holdings, Inc.	405,976	$10,782,722
ZG	Zillow Group, Inc.	132,406	$9,034,061
QTWO	Q2 Holdings, Inc.	110,605	$7,981,256
TENB	Tenable Holdings, Inc.	330,346	$7,773,041
WK	Workiva Inc	83,805	$7,228,181
PAG	Penske Automotive Group, Inc.	39,350	$6,228,711
FLO	Flowers Foods Inc	556,984	$6,059,985
SPSC	Sps Commerce Inc	67,723	$6,036,150
EEFT	Euronet Worldwide, Inc.	78,193	$5,951,269
NSIT	Insight Enterprises Inc	72,191	$5,881,400
HIW	Highwoods Properties, Inc.	208,557	$5,384,941
BXMT	Blackstone Mortgage Trust, Inc.	265,761	$5,084,007
SLG	Sl Green Realty Corp	110,439	$5,065,836
RHI	Robert Half Inc.	182,803	$4,964,929
VRNS	Varonis Systems Inc	147,256	$4,829,996
BRBR	Bellring Brands, Inc.	180,488	$4,824,444
GLOB	Globant S.A.	73,644	$4,814,108
GTM	ZoomInfo Technologies Inc.	469,585	$4,775,679
MARA	MARA Holdings, Inc.	527,619	$4,738,018
BCC	BOISE CASCADE Co	64,338	$4,735,276
APLS	Apellis Pharmaceuticals, Inc.	186,328	$4,680,559
HOG	Harley-Davidson, Inc.	227,929	$4,670,265
CHH	Choice Hotels International Inc /De	44,488	$4,237,926
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,054 positions · $134,825,546,310 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 1,054 positions by value · page 1 of 22

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	68,335,407	-8,040,355	$11,917,694,980	−16.3%	8.84%
AAPL	Apple Inc. Technology	Added	37,713,677	+1,338,411	$9,571,354,085	−3.2%	7.10%
MSFT	Microsoft Corp Technology	Added	21,906,086	+781,973	$8,108,975,854	−20.6%	6.01%
AMZN	Amazon Com Inc Consumer Cyclical	Added	21,785,734	+1,735,857	$4,537,314,820	−2.0%	3.37%
GOOGL	Alphabet Inc. Communication Services	Reduced	14,637,980	-740,459	$4,209,297,528	−12.6%	3.12%
AVGO	Broadcom Inc. Technology	Reduced	13,291,551	-324,634	$4,113,867,950	−12.7%	3.05%
META	Meta Platforms, Inc. Communication Services	Reduced	5,615,460	-209,033	$3,212,773,129	−16.4%	2.38%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	5,178,868	-52,687	$1,925,244,179	−18.2%	1.43%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	6,308,333	-452,986	$1,855,659,235	−14.8%	1.38%
LLY	ELI LILLY & Co Healthcare	Reduced	1,814,693	-39,894	$1,669,100,180	−16.3%	1.24%
JNJ	Johnson & Johnson Healthcare	Reduced	5,994,988	-1,444,253	$1,465,414,866	−4.8%	1.09%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,782,309	-609,988	$1,333,282,472	−21.8%	0.99%
XOM	ExxonMobil Holdings Corp Energy	Reduced	7,823,133	-127,552	$1,327,272,744	+38.7%	0.98%
LRCX	Lam Research Corp Technology	Added	5,870,899	+1,972,277	$1,254,376,280	+88.0%	0.93%
WMT	Walmart Inc. Consumer Defensive	Added	8,775,480	+169,774	$1,090,616,654	+13.8%	0.81%
MU	Micron Technology Inc Technology	Added	3,188,608	+1,008,116	$1,077,239,326	+73.1%	0.80%
V	Visa Inc. Financial Services	Reduced	3,176,693	-142,740	$960,123,692	−17.5%	0.71%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	941,708	-168,482	$938,346,102	−2.0%	0.70%
CSCO	Cisco Systems, Inc. Technology	Added	12,054,410	+492,925	$935,301,671	+5.0%	0.69%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	18,221,359	-1,393,195	$888,291,251	−17.7%	0.66%
MRK	Merck & Co., Inc. Healthcare	Reduced	7,383,088	-1,185,318	$888,111,655	−1.5%	0.66%
MA	Mastercard Inc Financial Services	Reduced	1,731,445	-103,965	$865,133,808	−17.4%	0.64%
ABBV	AbbVie Inc. Healthcare	Reduced	3,720,076	-478,533	$809,079,329	−15.7%	0.60%
KO	Coca Cola Co Consumer Defensive	Reduced	9,958,572	-81,505	$757,349,400	+7.9%	0.56%
NFLX	Netflix Inc Communication Services	Reduced	7,751,395	-520,990	$745,296,629	−3.9%	0.55%
VZ	Verizon Communications Inc Communication Services	Reduced	14,417,054	-2,719,814	$723,736,110	+3.7%	0.54%
CVX	Chevron Corp Energy	Added	3,461,111	+56,317	$716,103,865	+38.0%	0.53%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	4,946,602	-327,915	$714,487,192	−5.5%	0.53%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	2,118,312	-298,690	$696,691,633	−16.2%	0.52%
AMGN	Amgen Inc Healthcare	Reduced	1,970,670	-116,919	$693,380,239	+1.5%	0.51%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	2,046,460	-148,599	$636,019,303	−5.2%	0.47%
AMAT	Applied Materials Inc /De Technology	Reduced	1,852,818	-205,983	$633,274,664	+19.7%	0.47%
CAT	Caterpillar Inc Industrials	Added	879,849	+3,361	$623,337,822	+24.1%	0.46%
IBM	International Business Machines Corp Technology	Reduced	2,478,266	-410,545	$600,706,895	−29.8%	0.45%
UNH	Unitedhealth Group Inc Healthcare	Reduced	2,186,539	-252,456	$591,655,588	−26.5%	0.44%
GS	Goldman Sachs Group Inc Financial Services	Added	698,118	+95,210	$590,600,846	+11.4%	0.44%
PLTR	Palantir Technologies Inc. Technology	Reduced	3,856,384	-271,889	$564,111,851	−23.1%	0.42%
GE	General Electric Co Industrials	Reduced	1,987,484	-72,171	$563,988,334	−11.1%	0.42%
AMD	Advanced Micro Devices Inc Technology	Reduced	2,759,933	-174,088	$561,453,170	−10.6%	0.42%
INTC	Intel Corp Technology	Added	12,386,924	+1,247,702	$546,634,956	+33.0%	0.41%
WFC	Wells Fargo & Company/Mn Financial Services	Added	6,852,010	+215,578	$545,488,516	−11.8%	0.40%
RTX	RTX Corp Industrials	Reduced	2,820,225	-132,648	$544,021,402	+0.5%	0.40%
PEP	Pepsico Inc Consumer Defensive	Reduced	3,241,048	-2,132,310	$503,302,343	−34.7%	0.37%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	3,584,898	-116,758	$499,627,234	+10.0%	0.37%
DE	Deere & Co Industrials	Added	851,611	+13,398	$479,712,476	+22.9%	0.36%
T	At&T Inc. Communication Services	Reduced	16,274,183	-4,713,219	$471,788,565	−9.5%	0.35%
C	Citigroup Inc Financial Services	Added	4,123,967	+451,319	$467,699,097	+9.1%	0.35%
ABT	Abbott Laboratories Healthcare	Reduced	4,467,825	-738,755	$458,711,592	−29.7%	0.34%
NEE	Nextera Energy Inc Utilities	Reduced	4,570,516	-158,320	$424,509,526	+11.8%	0.31%
QCOM	Qualcomm Inc/De Technology	Added	3,224,104	+418,153	$415,200,113	−13.5%	0.31%