California Public Employees Retirement System
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), California Public Employees Retirement System reported 1,169 stock positions worth $142.2 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Nvidia (NVDA, 4.9%) and Apple (AAPL, 4.6%). Compared with Q4 2023, it opened 18 new positions, sold out of 37, added to 286 and reduced 810. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Sacramento, CA
- CIK
- 0000919079
- Portfolio Value
- $142.2B (Q1 2024)
- SEC Filing
- 0000919079-24-000009 ↗ filed Apr 30, 2024
Holdings Value
Holdings 1,169 stocks · $142.2B
| MSFT Microsoft Corp. | 5.92% | 19,999,089 | $8.4B | Reduce -3.1% |
| NVDA Nvidia Corp. | 4.89% | 7,695,900 | $7.0B | Add +2.9% |
| AAPL Apple Inc. | 4.57% | 37,902,798 | $6.5B | Reduce -1.9% |
| AMZN Amazon.com Inc. | 2.19% | 17,247,672 | $3.1B | Reduce -12.2% |
| META Meta Platforms Inc. Class A | 1.83% | 5,355,082 | $2.6B | Add +9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.47% | 4,979,128 | $2.1B | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 1.27% | 11,995,976 | $1.8B | Reduce -2.7% |
| PEP Pepsico Inc. | 1.26% | 10,258,502 | $1.8B | Add +6.2% |
| AVGO Broadcom Inc. | 1.21% | 1,299,242 | $1.7B | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 1.19% | 11,103,844 | $1.7B | Add +0.2% |
| JNJ Johnson & Johnson | 1.18% | 10,641,747 | $1.7B | Add +0.2% |
| TSLA Tesla Inc. | 1.17% | 9,467,608 | $1.7B | Add +7.9% |
| LLY Eli Lilly & Co. | 1.13% | 2,074,446 | $1.6B | Reduce -4.0% |
| PG The Procter & Gamble Co. | 1.08% | 9,495,941 | $1.5B | Add +0.0% |
| UNH Unitedhealth Group Inc. | 1.03% | 2,975,046 | $1.5B | Reduce -3.8% |
| MRK Merck & Co. Inc. | 1.02% | 11,008,863 | $1.5B | Reduce -15.2% |
| HD Home Depot Inc. | 1.02% | 3,766,999 | $1.4B | Add +12.2% |
| COST Costco Wholesale Corp. | 0.91% | 1,775,397 | $1.3B | Add +15.4% |
| JPM JPMorgan Chase & Co. | 0.90% | 6,354,293 | $1.3B | Reduce -1.6% |
| WMT Walmart Inc. | 0.89% | 20,921,962 | $1.3B | Reduce -2.2% |
| ABBV Abbvie Inc. | 0.86% | 6,679,568 | $1.2B | Add +9.8% |
| MCD McDonald's Corp. | 0.84% | 4,213,790 | $1.2B | Add +7.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 6,061,429 | $1.2B | Reduce -4.7% |
| V Visa Inc. Class A | 0.77% | 3,935,170 | $1.1B | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.69% | 8,454,510 | $982.8M | Reduce -6.9% |
| CSCO Cisco Systems Inc. | 0.68% | 19,495,671 | $973.0M | Add +4.0% |
| MA Mastercard Inc. Class A | 0.64% | 1,887,927 | $909.2M | Reduce -2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 22,804,818 | $864.8M | Add +1.2% |
| TXN Texas Instruments Inc. | 0.60% | 4,882,164 | $850.5M | Reduce -19.1% |
| KO The Coca-Cola Co. | 0.60% | 13,850,817 | $847.4M | Add +0.3% |
| AMGN Amgen Inc. | 0.55% | 2,752,318 | $782.5M | Add +1.3% |
| CRM Salesforce Inc. | 0.51% | 2,393,269 | $720.8M | Reduce -1.6% |
| INTC Intel Corp. | 0.49% | 15,832,544 | $699.3M | Reduce -1.5% |
| QCOM Qualcomm Inc. | 0.48% | 4,056,652 | $686.8M | Add +22.0% |
| ORCL Oracle Corp. | 0.47% | 5,350,945 | $672.1M | Reduce -16.3% |
| VZ Verizon Communications Inc. | 0.46% | 15,648,335 | $656.6M | Reduce -10.7% |
| MRSH Marsh & McLennan Cos | 0.45% | 3,125,541 | $643.8M | Reduce -3.7% |
| TMO Thermo Fisher Scientific Inc. | 0.43% | 1,052,841 | $611.9M | Reduce -0.5% |
| T AT&T Inc. | 0.42% | 34,020,557 | $598.8M | Reduce -0.8% |
| PGR Progressive Corp. | 0.42% | 2,856,893 | $590.9M | Reduce -5.6% |
| CVX Chevron Corp. | 0.41% | 3,717,919 | $586.5M | Reduce -7.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 4,752,401 | $581.5M | Reduce -28.5% |
| AMD Advanced Micro Devices | 0.41% | 3,215,788 | $580.4M | Add +10.8% |
| ACN Accenture PLC Class A | 0.39% | 1,614,945 | $559.8M | Add +31.7% |
| GILD Gilead Sciences Inc. | 0.39% | 7,559,266 | $553.7M | Reduce -3.6% |
| NEE Nextera Energy Inc. | 0.38% | 8,526,538 | $544.9M | Add +6.8% |
| BMY Bristol-Myers Squibb Co. | 0.38% | 9,963,455 | $540.3M | Reduce -2.4% |
| ADP Automatic Data Processing | 0.37% | 2,119,609 | $529.4M | Add +3.3% |
| LIN Linde PLC | 0.36% | 1,116,068 | $518.2M | Reduce -13.0% |
| WM Waste Management Inc. | 0.36% | 2,376,646 | $506.6M | Reduce -3.0% |
| XLF SS Financial Select Sector | 0.36% | 12,000,000 | $505.4M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.35% | 1,180,353 | $493.4M | Reduce -22.1% |
| PFE Pfizer Inc. | 0.35% | 17,725,570 | $491.9M | Reduce -2.2% |
| CMCSA Comcast Corp. Class A | 0.35% | 11,336,874 | $491.5M | Reduce -0.8% |
| TMUS T-Mobile US Inc. | 0.34% | 3,005,855 | $490.6M | Reduce -13.0% |
| ADBE Adobe Inc. | 0.34% | 966,883 | $487.9M | Add +9.6% |
| ABT Abbott Laboratories | 0.34% | 4,276,485 | $486.1M | Reduce -2.1% |
| GE General Electric | 0.34% | 2,731,928 | $479.5M | Add +33.0% |
| AMAT Applied Materials Inc. | 0.33% | 2,285,341 | $471.3M | Add +5.8% |
| LMT Lockheed Martin Corp. | 0.33% | 1,031,197 | $469.1M | Add +4.2% |
| FISV Fiserv Inc. | 0.33% | 2,916,639 | $466.1M | Reduce -8.6% |
| NFLX Netflix Inc. | 0.32% | 750,858 | $456.0M | Reduce -4.5% |
| SO The Southern Co. | 0.32% | 6,349,380 | $455.5M | Reduce -3.1% |
| CME Cme Group Inc. | 0.32% | 2,103,004 | $452.8M | Reduce -16.9% |
| MU Micron Technology Inc. | 0.31% | 3,786,310 | $446.4M | Reduce -16.6% |
| DUK Duke Energy Corp. | 0.31% | 4,514,864 | $436.6M | Reduce -3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.31% | 688 | $436.5M | Add +5.7% |
| CL Colgate-Palmolive Co. | 0.30% | 4,805,445 | $432.7M | Reduce -3.4% |
| ADI Analog Devices Inc. | 0.30% | 2,184,293 | $432.0M | Add +13.4% |
| MDLZ Mondelez International Inc. Class A | 0.30% | 6,142,789 | $430.0M | Reduce -1.5% |
| BDX Becton Dickinson and Co. | 0.29% | 1,691,819 | $418.6M | Reduce -2.0% |
| WFC Wells Fargo & Co. | 0.29% | 7,060,958 | $409.3M | Add +1.8% |
| INTU Intuit Inc. | 0.29% | 628,569 | $408.6M | Add +7.0% |
| ELV Elevance Health Inc. | 0.28% | 767,648 | $398.1M | Add +5.5% |
| APH Amphenol Corp. Class A | 0.28% | 3,428,403 | $395.5M | Reduce -3.9% |
| ORLY O'reilly Automotive Inc. | 0.28% | 349,385 | $394.4M | Reduce -3.7% |
| REGN Regeneron Pharmaceuticals | 0.28% | 407,058 | $391.8M | Reduce -1.3% |
| DHR Danaher Corp. | 0.27% | 1,538,893 | $384.3M | Reduce -0.9% |
| NOC Northrop Grumman Corp. | 0.26% | 765,118 | $366.2M | Reduce -1.7% |
| COP Conocophillips | 0.25% | 2,842,003 | $361.7M | Reduce -2.0% |
| NOW ServiceNow Inc. | 0.25% | 473,197 | $360.8M | Add +26.7% |
| AMT American Tower Corp. | 0.25% | 1,825,261 | $360.7M | Add +14.6% |
| CB Chubb Ltd. | 0.25% | 1,380,601 | $357.8M | Add +11.6% |
| EQIX Equinix Inc. | 0.25% | 429,627 | $354.6M | Reduce -0.6% |
| AON Aon PLC Class A | 0.25% | 1,057,283 | $352.8M | Reduce -1.9% |
| MCK McKesson Corp. | 0.25% | 654,520 | $351.4M | Reduce -2.1% |
| ICE Intercontinental Exchange Inc. | 0.25% | 2,545,307 | $349.8M | Reduce -1.0% |
| ROP Roper Technologies Inc. | 0.25% | 621,910 | $348.8M | Reduce -3.2% |
| RTX RTX Corp. | 0.24% | 3,557,508 | $347.0M | Add +3.4% |
| CI The Cigna Group | 0.24% | 953,365 | $346.3M | Reduce -1.5% |
| MSI Motorola Solutions Inc. | 0.24% | 972,646 | $345.3M | Reduce -3.2% |
| CAT Caterpillar Inc. | 0.24% | 932,223 | $341.6M | Reduce -22.9% |
| HON Honeywell International Inc. | 0.24% | 1,651,132 | $338.9M | Reduce -5.1% |
| UNP Union Pacific Corp. | 0.24% | 1,377,364 | $338.7M | Reduce -1.1% |
| MS Morgan Stanley | 0.24% | 3,591,996 | $338.2M | Reduce -9.0% |
| AZO AutoZone Inc. | 0.23% | 102,669 | $323.6M | Reduce -5.7% |
| UPS United Parcel Service Class B | 0.23% | 2,174,849 | $323.2M | Reduce -3.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.22% | 1,262,410 | $315.7M | Reduce -2.4% |
| ALL Allstate Corp. | 0.21% | 1,745,329 | $302.0M | Add +9.3% |
| GS Goldman Sachs Group Inc. | 0.21% | 720,258 | $300.8M | Reduce -1.7% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -1.9% | 4.57% | −1.08 |
| UNH Unitedhealth Group Inc. | Reduce -3.8% | 1.03% | −0.20 |
| TXN Texas Instruments Inc. | Reduce -19.1% | 0.60% | −0.18 |
| INTC Intel Corp. | Reduce -1.5% | 0.49% | −0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -22.1% | 0.35% | −0.12 |
| NEM Newmont Corp. | Reduce -62.0% | 0.05% | −0.12 |
| GILD Gilead Sciences Inc. | Reduce -3.6% | 0.39% | −0.09 |
| CME Cme Group Inc. | Reduce -16.9% | 0.32% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -12.2% | 2.19% | −0.08 |
| TMUS T-Mobile US Inc. | Reduce -13.0% | 0.34% | −0.08 |
| BA The Boeing Co. | Reduce -2.1% | 0.13% | −0.07 |
| ZTS Zoetis Inc. | Reduce -5.9% | 0.19% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -15.2% | 1.02% | −0.05 |
| JBL Jabil Inc. | Reduce -67.9% | 0.02% | −0.05 |
| PFE Pfizer Inc. | Reduce -2.2% | 0.35% | −0.05 |
| ARE Alexandria Real Estate Equit | Reduce -60.6% | 0.03% | −0.05 |
| DIS The Walt Disney Co. | Reduce -28.5% | 0.41% | −0.05 |
| UPS United Parcel Service Class B | Reduce -3.8% | 0.23% | −0.04 |
| CVX Chevron Corp. | Reduce -7.4% | 0.41% | −0.04 |
| MS Morgan Stanley | Reduce -9.0% | 0.24% | −0.04 |
| NKE Nike Inc. Class B | Reduce -3.7% | 0.14% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.30% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -10.7% | 0.46% | −0.04 |
| ORCL Oracle Corp. | Reduce -16.3% | 0.47% | −0.04 |
| HON Honeywell International Inc. | Reduce -5.1% | 0.24% | −0.04 |
| DUK Duke Energy Corp. | Reduce -3.1% | 0.31% | −0.04 |
| LIN Linde PLC | Reduce -13.0% | 0.36% | −0.04 |
| FIS Fidelity National Info Serv | Reduce -45.8% | 0.06% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -0.8% | 0.35% | −0.04 |
| CCI Crown Castle Inc. | Reduce -1.0% | 0.19% | −0.03 |
| PDD PDD Holdings Inc. | Reduce -3.1% | 0.09% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 1.27% | −0.03 |
| PSA Public Storage | Reduce -3.7% | 0.19% | −0.03 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.03 |
| SBUX Starbucks Corp. | Reduce -5.5% | 0.17% | −0.03 |
| CAT Caterpillar Inc. | Reduce -22.9% | 0.24% | −0.03 |
| DBX Dropbox Inc. Class A | Reduce -68.9% | 0.01% | −0.03 |
| SO The Southern Co. | Reduce -3.1% | 0.32% | −0.03 |
| V Visa Inc. Class A | Reduce -2.8% | 0.77% | −0.03 |
| CTSH Cognizant Tech Solutions-A | Reduce -5.6% | 0.15% | −0.03 |
| KDP Keurig Dr Pepper Inc. | Reduce -3.3% | 0.12% | −0.03 |
| C Citigroup Inc. | Reduce -24.3% | 0.16% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -2.0% | 0.29% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -1.9% | 0.05% | −0.02 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.34% | −0.02 |
| EA Electronic Arts Inc. | Reduce -3.6% | 0.15% | −0.02 |
| SNOW Snowflake Inc. | Reduce -3.1% | 0.06% | −0.02 |
| PLD Prologis Inc. | Reduce -2.3% | 0.17% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.1% | 0.24% | −0.02 |
| SBAC SBA Communications Corp. | Reduce -1.1% | 0.08% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +2.9% | 4.89% | +2.08 |
| META Meta Platforms Inc. Class A | Add +9.9% | 1.83% | +0.52 |
| COST Costco Wholesale Corp. | Add +15.4% | 0.91% | +0.14 |
| ABBV Abbvie Inc. | Add +9.8% | 0.86% | +0.14 |
| GE General Electric | Add +33.0% | 0.34% | +0.14 |
| HD Home Depot Inc. | Add +12.2% | 1.02% | +0.13 |
| QCOM Qualcomm Inc. | Add +22.0% | 0.48% | +0.12 |
| ABNB Airbnb Inc. Class A | Add +114.6% | 0.18% | +0.11 |
| KLAC KLA Corp. | Add +57.0% | 0.20% | +0.09 |
| AMD Advanced Micro Devices | Add +10.8% | 0.41% | +0.08 |
| ACN Accenture PLC Class A | Add +31.7% | 0.39% | +0.07 |
| AMAT Applied Materials Inc. | Add +5.8% | 0.33% | +0.07 |
| WDAY Workday Inc. Class A | Add +85.9% | 0.13% | +0.05 |
| NOW ServiceNow Inc. | Add +26.7% | 0.25% | +0.05 |
| TGT Target Corp. | Add +36.3% | 0.15% | +0.05 |
| ACGL Arch Capital Group Ltd. | Add +63.2% | 0.11% | +0.05 |
| TRV The Travelers Cos Inc. | Add +22.6% | 0.19% | +0.05 |
| ALL Allstate Corp. | Add +9.3% | 0.21% | +0.04 |
| MRNA Moderna Inc. | Add +91.2% | 0.08% | +0.04 |
| CB Chubb Ltd. | Add +11.6% | 0.25% | +0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +5.7% | 0.31% | +0.04 |
| L Loews Corp. | Add +183.7% | 0.05% | +0.04 |
| BAC Bank of America Corp. | Add +1.2% | 0.61% | +0.03 |
| LRCX Lam Research Corp. | Add +5.1% | 0.18% | +0.03 |
| WFC Wells Fargo & Co. | Add +1.8% | 0.29% | +0.03 |
| PG The Procter & Gamble Co. | Add +0.0% | 1.08% | +0.03 |
| HIG Hartford Insurance Group Inc. | Add +45.1% | 0.06% | +0.03 |
| STX Seagate Technology Holdings | Add +94.3% | 0.05% | +0.02 |
| RTX RTX Corp. | Add +3.4% | 0.24% | +0.02 |
| TAP Molson Coors Beverage Co. Class B | Add +108.7% | 0.04% | +0.02 |
| EIX Edison International | Add +38.7% | 0.10% | +0.02 |
| KMI Kinder Morgan Inc. | Add +50.7% | 0.07% | +0.02 |
| EG Everest Group Ltd. | Add +43.5% | 0.07% | +0.02 |
| AFL Aflac Inc. | Add +35.2% | 0.09% | +0.02 |
| WTRG Essential Utilities Inc. | Add +191.6% | 0.03% | +0.02 |
| ELV Elevance Health Inc. | Add +5.5% | 0.28% | +0.02 |
| MSTR Strategy Inc. | Add +4.6% | 0.03% | +0.02 |
| ADSK Autodesk Inc. | Add +23.1% | 0.09% | +0.02 |
| PEP Pepsico Inc. | Add +6.2% | 1.26% | +0.02 |
| NEE Nextera Energy Inc. | Add +6.8% | 0.38% | +0.01 |
| ADI Analog Devices Inc. | Add +13.4% | 0.30% | +0.01 |
| QRVO Qorvo Inc. | Add +93.0% | 0.03% | +0.01 |
| DOW Dow Inc. | Add +25.3% | 0.07% | +0.01 |
| CDNS Cadence Design SYS Inc. | Add +0.3% | 0.21% | +0.01 |
| RYAN Ryan Specialty Holdings Inc. | Add +203.9% | 0.02% | +0.01 |
| NXPI NXP Semiconductors NV | Add +13.4% | 0.10% | +0.01 |
| CVNA Carvana Co. | New | 0.01% | +0.01 |
| CNM Core & Main Inc. Class A | New | 0.01% | +0.01 |
| WRB WR Berkley Corp. | Add +0.0% | 0.07% | +0.01 |
| ADP Automatic Data Processing | Add +3.3% | 0.37% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,061 | $177.4B | VOO, IVV, NVDA, AAPL, MSFT |
| Q1 2026 | 1,064 | $162.5B | VOO, NVDA, AAPL, MSFT, AMZN |
| Q4 2025 | 1,086 | $174.9B | VOO, NVDA, MSFT, AAPL, GOOGL |
| Q3 2025 | 1,089 | $167.0B | VOO, NVDA, MSFT, AAPL, META |
| Q2 2025 | 1,114 | $157.0B | VOO, MSFT, NVDA, AAPL, AMZN |
| Q1 2025 | 1,118 | $143.1B | VOO, AAPL, MSFT, NVDA, META |
| Q4 2024Amended | 1,142 | $149.5B | AAPL, VOO, MSFT, NVDA, AMZN |
| Q3 2024 | 1,146 | $142.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 1,167 | $136.3B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 1,169 | $142.2B | MSFT, NVDA, AAPL, AMZN, META |