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CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM

400 Q ST SUITE 4800, SACRAMENTO, CA 95811 • 9167953400

Q2 2026 · Filed 2026-08-14
Market Value
$176.6B
+9.4%
Holdings
1,057
-39
New Purchases
6
Added To
489
Closed
8
Reduced
552
Top 10 Concentration
43.0%
Turnover
1.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 6.44% 0.51% +5.92% $11.4B
MU 1.65% 0.67% +0.99% $2.9B
AMD 1.02% 0.35% +0.67% $1.8B
AMAT 0.88% 0.39% +0.48% $1.5B
KLAC 1.01% 0.54% +0.46% $1.8B
INTC 0.69% 0.34% +0.35% $1.2B
SNDK 0.40% 0.09% +0.31% $708M
STX 0.38% 0.09% +0.29% $674M
BE 0.23% 0.03% +0.20% $415M
CAT 0.58% 0.39% +0.20% $1.0B
NBIS 0.19% 0.02% +0.18% $340M
WDC 0.28% 0.11% +0.17% $490M
C 0.45% 0.29% +0.16% $799M
MRVL 0.32% 0.16% +0.16% $569M
TSLA 1.33% 1.19% +0.13% $2.3B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.22% 7.38% -2.16% $9.2B
MSFT 3.34% 5.02% -1.69% $5.9B
AAPL 4.86% 5.93% -1.07% $8.6B
VOO 11.94% 12.45% -0.51% $21.1B
META 1.58% 1.99% -0.41% $2.8B
AMZN 2.52% 2.81% -0.29% $4.5B
XONA.DE 0.61% 0.82% -0.21% $1.1B
MCD 0.20% 0.39% -0.19% $352M
JNJ 0.71% 0.91% -0.19% $1.3B
ABT 0.11% 0.28% -0.17% $194M
GOOGL 2.44% 2.61% -0.16% $4.3B
MRK 0.39% 0.55% -0.16% $694M
VZ 0.30% 0.45% -0.15% $522M
NFLX 0.32% 0.46% -0.14% $561M
AMGN 0.31% 0.43% -0.12% $542M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 31.6%
Financial Services 24.2%
Communication Services 8.7%
Healthcare 8.2%
Consumer Cyclical 7.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 62 $120.9B 68.5%
Large Cap 638 $49.7B 28.2%
Mid Cap 340 $6.0B 3.4%
Small Cap 14 $10M 0.0%
Micro Cap 3 $1M 0.0%

Portfolio Analytics

Avg Market Cap
$79.0B
Median Market Cap
$15.7B
Avg P/E
33.8
Median P/E
22.4
Avg Dividend Yield
0.02%
Avg Beta
1.01
# Stocks
1,054
# ETFs / Funds
3

Top Holdings (1,057 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 11.94% 30,713,968 $21.1B $686.81 $996M -2,921,971 -8.7%
2 IVV 6.44% 15,179,345 $11.4B $748.89 $10.5B +13,911,818 +1097.6%
3 NVDA 5.22% 46,071,341 $9.2B $200.09 -$2.7B -22,264,066 -32.6%
4 AAPL 4.86% 29,642,254 $8.6B $289.36 -$994M -8,071,423 -21.4%
5 MSFT 3.34% 15,795,039 $5.9B $373.02 -$2.2B -6,111,047 -27.9%
6 AVGO 2.67% 12,483,106 $4.7B $377.75 $602M -808,445 -6.1%
7 AMZN 2.52% 18,696,461 $4.5B $238.34 -$81M -3,089,273 -14.2%
8 GOOGL 2.44% 12,083,544 $4.3B $357.37 $109M -2,554,436 -17.4%
9 GOOG 1.87% 9,358,074 $3.3B $353.33 $350M -948,511 -9.2%
10 MU 1.65% 2,531,035 $2.9B $1,154.29 $1.8B -657,573 -20.6%
11 META 1.58% 4,961,480 $2.8B $563.29 -$418M -653,980 -11.7%
12 TSLA 1.33% 5,574,336 $2.3B $420.60 $419M +395,468 +7.6%
13 JPHY 1.14% 39,896,037 $2.0B $50.46 $12M
14 JPM 1.05% 5,652,111 $1.9B $327.33 -$6M -656,222 -10.4%
15 AMD 1.02% 3,087,134 $1.8B $580.91 $1.2B +327,201 +11.9%
16 KLAC 1.01% 5,891,593 $1.8B $301.71 $902M +5,296,956 +890.8%
17 LLY 0.98% 1,440,683 $1.7B $1,199.43 $59M -374,010 -20.6%
18 LRCX 0.90% 3,648,551 $1.6B $433.33 $327M -2,222,348 -37.9%
19 AMAT 0.88% 2,139,430 $1.5B $723.00 $914M +286,612 +15.5%
20 BRK-B 0.73% 2,565,296 $1.3B $500.39 -$50M -217,013 -7.8%
21 JNJ 0.71% 4,969,982 $1.3B $253.97 -$203M -1,025,006 -17.1%
22 INTC 0.69% 8,731,138 $1.2B $139.63 $672M -3,655,786 -29.5%
23 WMT 0.66% 10,282,706 $1.2B $113.26 $74M +1,507,226 +17.2%
24 XONA.DE 0.61% 7,912,257 $1.1B $136.72 -$246M +89,124 +1.1%
25 V 0.60% 3,071,081 $1.1B $343.09 $94M -105,612 -3.3%
26 CAT 0.58% 965,570 $1.0B $1,064.90 $405M +85,721 +9.7%
27 MA 0.57% 1,947,201 $1.0B $513.60 $135M +215,756 +12.5%
28 COST 0.54% 1,010,418 $945M $935.47 $7M +68,710 +7.3%
29 BAC 0.52% 16,048,020 $914M $56.98 $26M -2,173,339 -11.9%
30 ABBV 0.49% 3,428,196 $863M $251.64 $54M -291,880 -7.8%
31 CSCO 0.47% 7,075,779 $831M $117.46 -$104M -4,978,631 -41.3%
32 UNH 0.45% 1,924,189 $800M $415.63 $208M -262,350 -12.0%
33 C 0.45% 5,705,262 $799M $139.96 $331M +1,581,295 +38.3%
34 PG 0.45% 5,376,980 $788M $146.64 $74M +430,378 +8.7%
35 GE 0.41% 1,956,846 $731M $373.73 $167M -30,638 -1.5%
36 SNDK 0.40% 311,247 $708M $2,273.73 $560M +78,473 +33.7%
37 KO 0.40% 8,623,351 $701M $81.27 -$57M -1,335,221 -13.4%
38 MRK 0.39% 5,398,744 $694M $128.50 -$194M -1,984,344 -26.9%
39 GS 0.38% 671,723 $679M $1,011.37 $89M -26,395 -3.8%
40 STX 0.38% 698,149 $674M $965.00 $533M +337,752 +93.7%
41 HD 0.37% 1,841,754 $650M $352.68 -$47M -276,558 -13.1%
42 GEV 0.36% 538,802 $633M $1,174.86 $235M +82,936 +18.2%
43 CVX 0.34% 3,626,259 $601M $165.76 -$115M +165,148 +4.8%
44 WFC 0.33% 7,032,631 $581M $82.64 $36M +180,621 +2.6%
45 MRVL 0.32% 1,911,352 $569M $297.89 $308M -726,632 -27.5%
46 NFLX 0.32% 7,855,474 $561M $71.40 -$184M +104,079 +1.3%
47 PLTR 0.31% 4,665,120 $544M $116.67 -$20M +808,736 +21.0%
48 AMGN 0.31% 1,496,206 $542M $362.12 -$152M -474,464 -24.1%
49 VZ 0.30% 12,327,203 $522M $42.34 -$202M -2,089,851 -14.5%
50 WDC 0.28% 767,793 $490M $638.72 $309M +96,076 +14.3%
51 IBM 0.27% 1,723,040 $485M $281.21 -$116M -755,226 -30.5%
52 TXN 0.27% 1,620,244 $483M $298.07 $134M -177,170 -9.9%
53 RTX 0.27% 2,533,579 $481M $189.73 -$63M -286,646 -10.2%
54 PANW 0.26% 1,356,049 $462M $341.02 $231M -85,449 -5.9%
55 DE 0.25% 703,361 $446M $634.33 -$34M -148,250 -17.4%
56 APH 0.25% 2,525,468 $445M $176.32 $51M -593,638 -19.0%
57 BRK-A 0.25% 592 $443M $748,850.00 -$7M -35 -5.6%
58 MS 0.25% 2,115,910 $442M $209.04 $44M -306,374 -12.7%
59 GLW 0.24% 1,671,870 $427M $255.43 $235M +261,299 +18.5%
60 QCOM 0.24% 2,303,624 $426M $184.79 $10M -920,480 -28.6%
61 LIN 0.24% 813,497 $422M $518.94 $17M -3,048 -0.4%
62 PFE 0.24% 17,261,993 $416M $24.08 $111M +6,421,808 +59.2%
63 BE 0.23% 1,370,211 $415M $302.70 $360M +967,052 +239.9%
64 ADI 0.23% 1,012,083 $402M $397.17 $65M -45,533 -4.3%
65 UBER 0.22% 5,282,815 $381M $72.16 -$23M -337,244 -6.0%
66 ANET 0.21% 2,234,046 $380M $169.88 $116M +85,766 +4.0%
67 PEP 0.21% 2,783,102 $377M $135.40 -$126M -457,946 -14.1%
68 ORCL 0.21% 2,492,221 $365M $146.55 -$43M -284,219 -10.2%
69 NEE 0.21% 4,148,623 $364M $87.77 -$60M -421,893 -9.2%
70 TJX 0.20% 2,345,134 $355M $151.50 $14M +207,488 +9.7%
71 GILD 0.20% 2,790,589 $353M $126.34 -$147M -794,309 -22.2%
72 WELL 0.20% 1,551,984 $352M $226.97 $71M +131,544 +9.3%
73 MCD 0.20% 1,301,300 $352M $270.31 -$284M -745,160 -36.4%
74 TMO 0.20% 696,759 $349M $501.36 $7M +170 +0.0%
75 T 0.19% 16,515,454 $342M $20.70 -$130M +241,271 +1.5%
76 NBIS 0.19% 1,231,662 $340M $276.17 $315M +991,274 +412.4%
77 AXP 0.19% 980,462 $332M $338.25 -$54M -292,934 -23.0%
78 CRWD 0.18% 418,817 $320M $763.14 $200M +112,305 +36.6%
79 ACN 0.18% 2,554,421 $318M $124.44 -$3M +935,834 +57.8%
80 DIS 0.18% 3,246,923 $313M $96.25 $9M +99,683 +3.2%
81 MPWR 0.18% 223,899 $310M $1,382.36 $135M +64,241 +40.2%
82 PGR 0.17% 1,404,811 $307M $218.45 $24M -19,655 -1.4%
83 PLD 0.17% 2,223,172 $301M $135.47 $44M +277,054 +14.2%
84 BKNG 0.17% 1,672,345 $298M $178.24 -$45M +1,590,856 +1952.2%
85 UNP 0.16% 1,064,642 $290M $272.00 -$36M -279,266 -20.8%
86 COP 0.16% 2,757,343 $287M $103.96 -$96M -140,691 -4.8%
87 SCHW 0.16% 2,986,999 $276M $92.27 -$9M -39,418 -1.3%
88 VRT 0.15% 789,106 $264M $334.82 $87M +79,992 +11.3%
89 BMY 0.15% 4,570,905 $263M $57.62 -$54M -663,043 -12.7%
90 APP 0.15% 504,052 $260M $515.23 $65M +15,478 +3.2%
91 ETN 0.15% 604,325 $258M $426.12 -$53M -262,808 -30.3%
92 BLK 0.15% 267,169 $257M $961.56 -$6M -6,488 -2.4%
93 CRM 0.14% 1,629,926 $255M $156.66 -$145M -514,776 -24.0%
94 ISRG 0.14% 635,707 $253M $397.68 -$33M +14,915 +2.4%
95 SPGI 0.14% 611,612 $249M $407.26 -$16M -11,173 -1.8%
96 PH 0.14% 252,890 $247M $978.12 $30M +9,895 +4.1%
97 DHR 0.13% 1,236,783 $236M $190.48 -$117M -621,288 -33.4%
98 COF 0.13% 1,168,304 $234M $200.62 $31M +54,048 +4.8%
99 CVS 0.13% 2,260,802 $234M $103.45 $52M -275,606 -10.9%
100 VRTX 0.13% 447,499 $222M $496.73 -$2M -55,875 -11.1%

New Positions

SymbolValue% Port
HONIV $154M 0.09%
HONAV $152M 0.09%
CCL $68M 0.04%
DD $38M 0.02%
FDXF $28M 0.02%
OCTV $8M —%

Sold Out Positions

SymbolValue% Port
WLK —%
AL —%
HOLX —%
CWAN —%
SEE —%
6D81.DE —%
CTRA —%
MASI —%
View SEC EDGAR Filings for CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms