CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM

CIK: 0000919079SEC EDGAR →

Portfolio Value

$174.9T

Holdings

1,086

As of

Q4 2025

New Positions

35

Closed Positions

61

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

VANGUARD INDEX FDS

31,586,839$19.8T
11.33%
2

NVIDIA CORPORATION

76,375,762$14.2T
8.14%
3

MICROSOFT CORP

21,124,113$10.2T
5.84%
4

APPLE INC

36,375,266$9.9T
5.65%
5

ALPHABET INC

15,378,439$4.8T
2.75%
6

BROADCOM INC

13,616,185$4.7T
2.69%
7

AMAZON COM INC

20,049,877$4.6T
2.65%
8

ALPHABET INC

12,344,566$3.9T
2.21%
9

META PLATFORMS INC

5,824,493$3.8T
2.20%
10

TESLA INC

5,231,555$2.4T
1.34%

Quarterly Changes

Top Buys

VOO↑ Increased
$3.9T
NVDA↑ Increased
$1.9T
GOOGL↑ Increased
$1.4T
GOOG↑ Increased
$1.1T
AAPL↑ Increased
$900.8B

Top Sells

LLY↓ Decreased
$523.0B
META↓ Decreased
$507.5B
RTX↓ Decreased
$261.6B
EA↓ Decreased
$220.4B
ABBV↓ Decreased
$189.4B

New Positions (4)

$29.0B · 359K shares
$13.0B · 277K shares
$3.0B · 200K shares
$0 · 29K shares

Closed Positions (7)

$79.0B · 375K shares
$66.4B · 809K shares
$19.0B · 681K shares
$14.9B · 224K shares
$9.6B · 115K shares
$5.9B · 153K shares
$3.6B · 185K shares

Sector Breakdown

Sector# HoldingsValue%
Technology175$57.6T33.0%
Financial Services147$37.8T21.7%
Communication Services39$15.9T9.1%
Healthcare100$14.7T8.4%
Consumer Cyclical131$14.1T8.1%
Industrials171$11.0T6.3%
Consumer Defensive53$6.1T3.5%
Unknown71$5.4T3.1%
Utilities42$3.6T2.0%
Energy46$3.5T2.0%
Real Estate68$2.8T1.6%
Basic Materials43$2.0T1.2%