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Asset Manager ← All Institutions

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

Q4 2025 · Filed 2026-02-17
Market Value
$99.6B
+2.5%
Holdings
2,981
+6
New Purchases
53
Added To
960
Closed
50
Reduced
1,894
Top 10 Concentration
36.0%
Turnover
3.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 2.04% 0.00% +2.04% $2.0B
GOOGL 2.85% 2.29% +0.56% $2.8B
GOOG 2.36% 1.94% +0.42% $2.4B
LLY 1.34% 1.00% +0.35% $1.3B
MU 0.50% 0.30% +0.20% $498M
AMD 0.54% 0.43% +0.12% $539M
AAPL 6.28% 6.16% +0.11% $6.2B
MRK 0.42% 0.35% +0.07% $415M
LRCX 0.34% 0.28% +0.06% $338M
CAT 0.42% 0.36% +0.06% $416M
ISRG 0.32% 0.26% +0.06% $315M
AMAT 0.33% 0.27% +0.05% $324M
JNJ 0.80% 0.74% +0.05% $792M
AMZN 3.45% 3.41% +0.05% $3.4B
TMO 0.34% 0.30% +0.04% $341M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.33% 5.94% -0.61% $5.3B
META 2.23% 2.59% -0.36% $2.2B
NVDA 7.04% 7.36% -0.33% $7.0B
ORCL 0.52% 0.77% -0.25% $515M
NFLX 0.62% 0.83% -0.21% $620M
HD 0.53% 0.65% -0.12% $530M
TSLA 1.98% 2.09% -0.11% $2.0B
MSTR 0.06% 0.14% -0.07% $62M
COST 0.61% 0.68% -0.07% $606M
UBER 0.26% 0.33% -0.06% $260M
OTF 0.00% 0.06% -0.06% $0
PG 0.53% 0.59% -0.06% $527M
NOW 0.24% 0.30% -0.06% $241M
FI 0.07% 0.12% -0.06% $65M
T 0.28% 0.34% -0.06% $280M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $58.3B 58.5%
Large Cap 683 $37.3B 37.4%
Mid Cap 914 $3.5B 3.5%
Small Cap 995 $569M 0.6%
Micro Cap 333 $9M 0.0%

Portfolio Analytics

Avg Market Cap
$28.6B
Median Market Cap
$2.7B
Avg P/E
33.2
Median P/E
20.2
Avg Dividend Yield
0.02%
Avg Beta
1.08
# Stocks
2,975
# ETFs / Funds
6

Top Holdings (2,981 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.04% 37,569,999 $7.0B $186.50 -$145M -761,369 -2.0%
2 AAPL 6.28% 22,981,011 $6.2B $271.86 $262M -526,120 -2.2%
3 MSFT 5.33% 10,967,008 $5.3B $483.62 -$466M -172,685 -1.6%
4 AMZN 3.45% 14,889,763 $3.4B $230.82 $129M -177,306 -1.2%
5 GOOGL 2.85% 9,077,332 $2.8B $313.00 $618M -67,953 -0.7%
6 AVGO 2.42% 6,961,668 $2.4B $346.10 $84M -86,141 -1.2%
7 GOOG 2.36% 7,493,706 $2.4B $313.80 $465M -253,092 -3.3%
8 META 2.23% 3,362,289 $2.2B $660.09 -$291M -56,567 -1.6%
9 IVV 2.04% 2,958,300 $2.0B $684.94 +2,958,300 NEW
10 TSLA 1.98% 4,380,570 $2.0B $449.72 -$58M -180,075 -4.0%
11 JPM 1.38% 4,260,642 $1.4B $322.22 -$7M -113,285 -2.6%
12 LLY 1.34% 1,244,311 $1.3B $1,074.68 $370M -23,762 -1.9%
13 BRK-B 1.07% 2,128,287 $1.1B $502.65 -$5M -9,585 -0.5%
14 V 0.93% 2,641,814 $927M $350.71 $5M -57,214 -2.1%
15 JNJ 0.80% 3,829,320 $792M $206.95 $70M -67,364 -1.7%
16 WMT 0.77% 6,851,516 $763M $111.41 $44M -125,062 -1.8%
17 MA 0.76% 1,323,057 $755M $570.88 -$13M -27,652 -2.0%
18 ABBV 0.63% 2,742,565 $627M $228.49 -$20M -49,766 -1.8%
19 PLTR 0.63% 3,513,425 $625M $177.75 -$23M -38,786 -1.1%
20 NFLX 0.62% 6,608,496 $620M $93.76 -$185M +5,936,994 +884.1%
21 XOM 0.62% 5,089,968 $613M $120.34 $27M -102,203 -2.0%
22 COST 0.61% 702,394 $606M $862.34 -$52M -8,215 -1.2%
23 BAC 0.60% 10,893,208 $599M $55.00 $20M -326,509 -2.9%
24 AMD 0.54% 2,515,278 $539M $214.16 $126M -36,178 -1.4%
25 HD 0.53% 1,540,434 $530M $344.10 -$105M -27,721 -1.8%
26 PG 0.53% 3,676,190 $527M $143.31 -$49M -68,764 -1.8%
27 ORCL 0.52% 2,643,338 $515M $194.91 -$233M -18,691 -0.7%
28 GE 0.51% 1,657,685 $511M $308.03 $2M -32,511 -1.9%
29 MU 0.50% 1,743,321 $498M $285.41 $203M -16,701 -0.9%
30 CSCO 0.48% 6,172,891 $475M $77.03 $43M -151,751 -2.4%
31 KO 0.47% 6,679,564 $467M $69.91 $19M -69,146 -1.0%
32 WFC 0.46% 4,963,336 $463M $93.20 $38M -106,817 -2.1%
33 UNH 0.46% 1,388,994 $459M $330.11 -$31M -27,403 -1.9%
34 IBM 0.43% 1,453,292 $430M $296.21 $13M -26,199 -1.8%
35 CAT 0.42% 726,058 $416M $572.87 $65M -10,346 -1.4%
36 MRK 0.42% 3,946,125 $415M $105.26 $75M -113,912 -2.8%
37 GS 0.42% 470,948 $414M $879.00 $29M -12,036 -2.5%
38 CRM 0.39% 1,463,949 $388M $264.91 $34M -27,503 -1.8%
39 RTX 0.39% 2,102,876 $386M $183.40 $29M -28,991 -1.4%
40 CVX 0.35% 2,301,670 $351M $152.41 -$15M -56,401 -2.4%
41 MCD 0.35% 1,145,733 $350M $305.63 -$2M -11,684 -1.0%
42 ABT 0.35% 2,742,759 $344M $125.29 -$28M -30,991 -1.1%
43 TMO 0.34% 587,848 $341M $579.45 $49M -13,706 -2.3%
44 C 0.34% 2,916,894 $340M $116.69 $39M -53,600 -1.8%
45 LRCX 0.34% 1,977,333 $338M $171.18 $63M -76,621 -3.7%
46 MS 0.33% 1,850,246 $328M $177.53 $33M -6,435 -0.3%
47 AMAT 0.33% 1,259,023 $324M $256.99 $59M -35,005 -2.7%
48 DIS 0.32% 2,812,598 $320M $113.77 -$6M -35,583 -1.2%
49 AXP 0.32% 855,404 $316M $369.95 $28M -12,800 -1.5%
50 ISRG 0.32% 556,837 $315M $566.36 $62M -10,379 -1.8%
51 PEP 0.31% 2,150,610 $309M $143.52 -$3M -65,553 -3.0%
52 QCOM 0.29% 1,691,923 $289M $171.05 $2M -37,889 -2.2%
53 INTU 0.29% 434,868 $288M $662.42 -$10M -1,792 -0.4%
54 BKNG 0.28% 52,640 $282M $5,355.33 -$4M -284 -0.5%
55 T 0.28% 11,288,238 $280M $24.84 -$47M -317,290 -2.7%
56 GEV 0.28% 427,835 $280M $653.57 $11M -8,562 -2.0%
57 AMGN 0.28% 845,056 $277M $327.31 $33M -16,915 -2.0%
58 VZ 0.28% 6,748,164 $275M $40.73 -$26M -86,747 -1.3%
59 SCHW 0.27% 2,706,535 $270M $99.91 $9M -32,316 -1.2%
60 TJX 0.27% 1,734,512 $266M $153.61 $12M -28,000 -1.6%
61 BA 0.26% 1,207,981 $262M $217.12 $5M +16,564 +1.4%
62 INTC 0.26% 7,061,110 $261M $36.90 $27M +111,367 +1.6%
63 UBER 0.26% 3,180,435 $260M $81.71 -$56M -42,492 -1.3%
64 APH 0.26% 1,917,365 $259M $135.14 $20M -11,469 -0.6%
65 ACN 0.26% 965,319 $259M $268.30 $17M -15,962 -1.6%
66 SPGI 0.26% 487,766 $255M $522.59 $13M -9,352 -1.9%
67 KLAC 0.25% 206,116 $250M $1,215.08 $24M -4,282 -2.0%
68 TXN 0.24% 1,404,234 $244M $173.49 -$18M -18,816 -1.3%
69 BLK 0.24% 226,880 $243M $1,070.34 -$25M -2,921 -1.3%
70 APP 0.24% 358,705 $242M $673.82 -$20M -4,935 -1.4%
71 NOW 0.24% 1,575,936 $241M $153.19 -$54M +1,255,415 +391.7%
72 GILD 0.24% 1,955,264 $240M $122.74 $19M -36,243 -1.8%
73 LIN 0.24% 559,581 $239M $426.39 -$46M -38,909 -6.5%
74 COF 0.23% 954,427 $231M $242.36 $25M -18,392 -1.9%
75 DHR 0.23% 1,010,131 $231M $228.92 $26M -23,003 -2.2%
76 PFE 0.23% 9,207,009 $229M $24.90 -$12M -259,865 -2.7%
77 ADBE 0.23% 644,077 $225M $349.99 -$9M -21,273 -3.2%
78 BSX 0.23% 2,357,705 $225M $95.35 -$10M -47,049 -2.0%
79 NEE 0.22% 2,721,905 $219M $80.28 $10M -39,214 -1.4%
80 ANET 0.21% 1,626,756 $213M $131.03 -$30M -39,848 -2.4%
81 ADI 0.21% 778,125 $211M $271.20 $16M -14,662 -1.9%
82 LOW 0.21% 860,888 $208M $241.16 -$15M -26,711 -3.0%
83 OBDC 0.21% 16,445,728 $204M $12.43 -$6M
84 PGR 0.20% 885,554 $202M $227.72 -$23M -23,514 -2.6%
85 MDT 0.20% 2,091,960 $201M $96.06 $436K -13,429 -0.6%
86 UNP 0.20% 867,811 $201M $231.32 -$14M -41,012 -4.5%
87 HON 0.20% 1,016,297 $198M $195.09 -$20M -22,825 -2.2%
88 ETN 0.20% 610,320 $194M $318.51 -$39M -13,803 -2.2%
89 WELL 0.19% 1,042,366 $193M $185.61 $9M +7,302 +0.7%
90 SYK 0.19% 545,348 $192M $351.47 -$12M -5,900 -1.1%
91 PANW 0.19% 1,036,381 $191M $184.20 -$19M +4,558 +0.4%
92 SLB 0.19% 4,910,682 $188M $38.38 $9M -299,075 -5.7%
93 PLD 0.19% 1,455,911 $186M $127.66 $16M -25,682 -1.7%
94 DE 0.19% 397,319 $185M $465.57 $62K -7,084 -1.8%
95 CB 0.19% 592,286 $185M $312.12 $15M -9,519 -1.6%
96 BMY 0.18% 3,394,861 $183M $53.94 $28M -39,885 -1.2%
97 CMCSA 0.18% 6,062,297 $181M $29.89 -$10M -29,448 -0.5%
98 CRWD 0.18% 385,098 $181M $468.76 -$9M -2,307 -0.6%
99 VRTX 0.18% 385,751 $175M $453.36 $20M -8,831 -2.2%
100 NEM 0.18% 1,750,282 $175M $99.85 $24M -37,044 -2.1%

New Positions

SymbolValue% Port
IVV $2.0B 2.04%
YNDX $23M 0.02%
Q $22M 0.02%
CRWV $18M 0.02%
SOLS $7M 0.01%
VOO $4M —%
ONDS $3M —%
TTAN $2M —%
SUNC $2M —%
LLYVA $1M —%
TLRY $913K —%
BVN $782K —%
MUX $773K —%
MIAX $711K —%
ATAI $619K —%

Sold Out Positions

SymbolValue% Port
LXP —%
HPP —%
OTF —%
LLYVK —%
JRVR —%
PSNY —%
ILLR —%
TTSH —%
PRO —%
TRML —%
VMEO —%
AKRO —%
IAS —%
BRY —%
ZIMV —%
View SEC EDGAR Filings for CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM →

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