# California Public Employees Retirement System

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 919079. Source: https://holderbook.com/funds/919079-california-public-employees-retirement-system/

- Reported value: $177.4B
- Positions: 1,061
- Weight of the ten largest: 42.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $21.1B | 30,713,968 | 11.9% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $11.4B | 15,179,345 | 6.4% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.2B | 46,071,341 | 5.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.6B | 29,642,254 | 4.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9B | 15,795,039 | 3.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.7B | 12,483,106 | 2.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.5B | 18,696,461 | 2.5% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.3B | 12,083,544 | 2.4% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.3B | 9,358,074 | 1.9% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.9B | 2,531,035 | 1.6% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.8B | 4,961,480 | 1.6% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.3B | 5,574,336 | 1.3% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPHY](https://holderbook.com/stocks/JPHY/) | $2.0B | 39,896,037 | 1.1% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.9B | 5,652,111 | 1.0% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.8B | 3,087,134 | 1.0% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.8B | 5,891,593 | 1.0% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7B | 1,440,683 | 1.0% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.6B | 3,648,551 | 0.9% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.5B | 2,139,430 | 0.9% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3B | 2,565,296 | 0.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3B | 4,969,982 | 0.7% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2B | 8,731,138 | 0.7% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.2B | 10,282,706 | 0.7% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.1B | 7,912,257 | 0.6% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.1B | 3,071,081 | 0.6% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.0B | 965,570 | 0.6% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.0B | 1,947,201 | 0.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $945.2M | 1,010,418 | 0.5% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $914.4M | 16,048,020 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $862.7M | 3,428,196 | 0.5% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $831.1M | 7,075,779 | 0.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $799.8M | 1,924,189 | 0.5% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $798.5M | 5,705,262 | 0.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $788.5M | 5,376,980 | 0.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $731.3M | 1,956,846 | 0.4% | 20 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $707.7M | 311,247 | 0.4% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $700.8M | 8,623,351 | 0.4% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $693.7M | 5,398,744 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $679.4M | 671,723 | 0.4% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $673.7M | 698,149 | 0.4% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $649.5M | 1,841,754 | 0.4% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $633.0M | 538,802 | 0.4% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $601.1M | 3,626,259 | 0.3% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $581.2M | 7,032,631 | 0.3% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $569.4M | 1,911,352 | 0.3% | 21 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $560.9M | 7,855,474 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $544.3M | 4,665,120 | 0.3% | 20 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $541.8M | 1,496,206 | 0.3% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $521.9M | 12,327,203 | 0.3% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $490.4M | 767,793 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $484.5M | 1,723,040 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $482.9M | 1,620,244 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $480.7M | 2,533,579 | 0.3% | 25 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $462.4M | 1,356,049 | 0.3% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $446.2M | 703,361 | 0.3% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $445.3M | 2,525,468 | 0.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $443.3M | 592 | 0.2% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $442.3M | 2,115,910 | 0.2% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $427.0M | 1,671,870 | 0.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $425.7M | 2,303,624 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $422.2M | 813,497 | 0.2% | 14 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $415.7M | 17,261,993 | 0.2% | 31 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $414.8M | 1,370,211 | 0.2% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $402.0M | 1,012,083 | 0.2% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $381.2M | 5,282,815 | 0.2% | 29 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $379.5M | 2,234,046 | 0.2% | 7 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $376.8M | 2,783,102 | 0.2% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $365.2M | 2,492,221 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $364.1M | 4,148,623 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $355.3M | 2,345,134 | 0.2% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $352.6M | 2,790,589 | 0.2% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $352.3M | 1,551,984 | 0.2% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $351.8M | 1,301,300 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $349.3M | 696,759 | 0.2% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $341.9M | 16,515,454 | 0.2% | 31 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $340.1M | 1,231,662 | 0.2% | 15 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $331.6M | 980,462 | 0.2% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $319.6M | 418,817 | 0.2% | 28 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $317.9M | 2,554,421 | 0.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $312.5M | 3,246,923 | 0.2% | 31 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $309.5M | 223,899 | 0.2% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $306.9M | 1,404,811 | 0.2% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $301.2M | 2,223,172 | 0.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $298.1M | 1,672,345 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $289.6M | 1,064,642 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $286.7M | 2,757,343 | 0.2% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $275.6M | 2,986,999 | 0.2% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $264.2M | 789,106 | 0.1% | 26 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $263.4M | 4,570,905 | 0.1% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $259.7M | 504,052 | 0.1% | 18 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $257.5M | 604,325 | 0.1% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $256.9M | 267,169 | 0.1% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $255.3M | 1,629,926 | 0.1% | 31 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $252.8M | 635,707 | 0.1% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $249.1M | 611,612 | 0.1% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $247.4M | 252,890 | 0.1% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $235.6M | 1,236,783 | 0.1% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $234.4M | 1,168,304 | 0.1% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $233.9M | 2,260,802 | 0.1% | 31 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $233.0M | 474,371 | 0.1% | 26 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.7% | +14.8% | +0.9% | 100% |
| Q1 2026 | -4.6% | -4.6% | +0.1% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 100% |
| Q2 2025 | +9.1% | +10.5% | -1.4% | 100% |
| Q1 2025 | -3.4% | -4.6% | +1.1% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.2% | 100% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $177.4B | 1,061 |
| Q1 2026 | $162.5B | 1,063 |
| Q4 2025 | $174.9B | 1,085 |
| Q3 2025 | $167.0B | 1,088 |
| Q2 2025 | $157.0B | 1,113 |
| Q1 2025 | $143.1B | 1,118 |
| Q4 2024 | $149.5B | 1,142 |
| Q3 2024 | $142.9B | 1,145 |
| Q2 2024 | $136.3B | 1,166 |
| Q1 2024 | $142.2B | 1,168 |
| Q4 2023 | $131.7B | 1,186 |
| Q3 2023 | $116.2B | 1,189 |