California Public Employees Retirement System
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed April 23, 2025), California Public Employees Retirement System reported 1,142 stock positions worth $149.5 billion. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.2%) and Microsoft (MSFT, 5.4%). Compared with Q3 2024, it opened 2 new positions, sold out of 7, added to 209 and reduced 928. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Sacramento, CA
- CIK
- 0000919079
- Portfolio Value
- $149.5B (Q4 2024)
- SEC Filing
- 0000919079-25-000004 ↗ filed Apr 23, 2025
Holdings Value
Holdings 1,142 stocks · $149.5B
| AAPL Apple Inc. | 6.67% | 39,805,248 | $10.0B | Add +2.0% |
| VOO Vanguard S&P 500 ETF | 6.16% | 17,080,007 | $9.2B | New |
| MSFT Microsoft Corp. | 5.42% | 19,233,688 | $8.1B | Reduce -2.3% |
| NVDA Nvidia Corp. | 5.36% | 59,699,504 | $8.0B | Reduce -8.6% |
| AMZN Amazon.com Inc. | 2.39% | 16,319,369 | $3.6B | Reduce -5.0% |
| AVGO Broadcom Inc. | 1.95% | 12,596,956 | $2.9B | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.93% | 4,937,618 | $2.9B | Reduce -4.7% |
| GOOGL Alphabet Inc. Class A | 1.65% | 13,058,836 | $2.5B | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.48% | 4,874,225 | $2.2B | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 1.41% | 11,103,866 | $2.1B | Reduce -4.9% |
| TSLA Tesla Inc. | 1.29% | 4,767,925 | $1.9B | Reduce -1.7% |
| COST Costco Wholesale Corp. | 1.05% | 1,713,777 | $1.6B | Add +6.6% |
| JPM JPMorgan Chase & Co. | 1.00% | 6,242,298 | $1.5B | Reduce -3.5% |
| LLY Eli Lilly & Co. | 0.96% | 1,861,177 | $1.4B | Reduce -3.9% |
| PG The Procter & Gamble Co. | 0.94% | 8,352,559 | $1.4B | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 0.87% | 2,576,309 | $1.3B | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.84% | 8,710,892 | $1.3B | Reduce -0.9% |
| WMT Walmart Inc. | 0.84% | 13,923,847 | $1.3B | Reduce -7.0% |
| V Visa Inc. Class A | 0.73% | 3,463,402 | $1.1B | Reduce -4.2% |
| PEP Pepsico Inc. | 0.72% | 7,070,236 | $1.1B | Reduce -9.2% |
| MA Mastercard Inc. Class A | 0.69% | 1,947,452 | $1.0B | Add +1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 4,615,557 | $1.0B | Reduce -9.6% |
| HD Home Depot Inc. | 0.65% | 2,494,928 | $970.5M | Add +1.5% |
| XOM Exxon Mobil Corp. | 0.62% | 8,658,714 | $931.4M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.59% | 4,959,736 | $881.3M | Reduce -10.5% |
| CSCO Cisco Systems Inc. | 0.59% | 14,883,366 | $881.1M | Reduce -2.2% |
| TXN Texas Instruments Inc. | 0.58% | 4,637,188 | $869.5M | Add +13.3% |
| MCD McDonald's Corp. | 0.57% | 2,961,775 | $858.6M | Reduce -6.5% |
| MRK Merck & Co. Inc. | 0.56% | 8,475,511 | $843.1M | Reduce -8.8% |
| KO The Coca-Cola Co. | 0.49% | 11,702,286 | $728.6M | Add +2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 16,537,307 | $726.8M | Reduce -3.7% |
| CRM Salesforce Inc. | 0.48% | 2,134,897 | $713.8M | Reduce -3.1% |
| NFLX Netflix Inc. | 0.44% | 736,545 | $656.5M | Reduce -4.8% |
| ORCL Oracle Corp. | 0.44% | 3,909,609 | $651.5M | Reduce -15.5% |
| ACN Accenture PLC Class A | 0.43% | 1,828,325 | $643.2M | Add +5.4% |
| VZ Verizon Communications Inc. | 0.40% | 14,963,751 | $598.4M | Add +0.6% |
| PGR Progressive Corp. | 0.40% | 2,491,193 | $596.9M | Add +1.5% |
| T AT&T Inc. | 0.38% | 25,220,919 | $574.3M | Reduce -14.4% |
| AMGN Amgen Inc. | 0.38% | 2,201,234 | $573.7M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.38% | 7,910,346 | $567.1M | Add +46.7% |
| GILD Gilead Sciences Inc. | 0.38% | 6,087,177 | $562.3M | Reduce -0.0% |
| QCOM Qualcomm Inc. | 0.36% | 3,505,858 | $538.6M | Add +1.6% |
| ADP Automatic Data Processing | 0.35% | 1,773,255 | $519.1M | Reduce -14.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 4,550,907 | $506.7M | Reduce -4.5% |
| NOW ServiceNow Inc. | 0.34% | 477,955 | $506.7M | Reduce -3.1% |
| WFC Wells Fargo & Co. | 0.33% | 6,986,075 | $490.7M | Reduce -7.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.33% | 717 | $488.2M | Add +0.3% |
| TMUS T-Mobile US Inc. | 0.32% | 2,185,274 | $482.4M | Reduce -2.1% |
| MRSH Marsh & McLennan Cos | 0.32% | 2,238,499 | $475.5M | Reduce -0.5% |
| INTU Intuit Inc. | 0.32% | 755,236 | $474.7M | Add +10.4% |
| FISV Fiserv Inc. | 0.31% | 2,243,845 | $460.9M | Reduce -1.3% |
| ADBE Adobe Inc. | 0.29% | 986,587 | $438.7M | Add +2.8% |
| ABT Abbott Laboratories | 0.29% | 3,796,537 | $429.4M | Reduce -3.1% |
| PFE Pfizer Inc. | 0.29% | 16,073,641 | $426.4M | Reduce -0.2% |
| CVX Chevron Corp. | 0.28% | 2,904,347 | $420.7M | Reduce -4.7% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 803,203 | $417.9M | Reduce -4.8% |
| SO The Southern Co. | 0.28% | 5,008,039 | $412.3M | Reduce -0.6% |
| LIN Linde PLC | 0.27% | 973,147 | $407.4M | Add +4.1% |
| BKNG Booking Holdings Inc. | 0.27% | 80,834 | $401.6M | Add +21.1% |
| AMAT Applied Materials Inc. | 0.26% | 2,419,582 | $393.5M | Reduce -29.3% |
| APH Amphenol Corp. Class A | 0.26% | 5,589,395 | $388.2M | Reduce -1.8% |
| RTX RTX Corp. | 0.26% | 3,339,255 | $386.4M | Reduce -13.8% |
| LMT Lockheed Martin Corp. | 0.26% | 790,493 | $384.1M | Reduce -1.2% |
| DUK Duke Energy Corp. | 0.25% | 3,529,534 | $380.3M | Reduce -1.1% |
| CME Cme Group Inc. | 0.25% | 1,623,595 | $377.0M | Reduce -1.4% |
| CB Chubb Ltd. | 0.25% | 1,350,381 | $373.1M | Add +1.1% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 6,505,730 | $368.0M | Reduce -21.9% |
| CMCSA Comcast Corp. Class A | 0.24% | 9,639,495 | $361.8M | Reduce -4.0% |
| MCK McKesson Corp. | 0.24% | 630,345 | $359.2M | Reduce -2.1% |
| AMD Advanced Micro Devices | 0.24% | 2,939,174 | $355.0M | Reduce -6.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.24% | 880,214 | $354.5M | Reduce -9.1% |
| CL Colgate-Palmolive Co. | 0.23% | 3,815,393 | $346.9M | Reduce -1.1% |
| AXP American Express Co. | 0.23% | 1,166,254 | $346.1M | Reduce -12.7% |
| MSI Motorola Solutions Inc. | 0.23% | 746,432 | $345.0M | Reduce -0.5% |
| MU Micron Technology Inc. | 0.23% | 4,067,046 | $342.3M | Add +3.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 2,807,955 | $339.2M | Add +6.0% |
| SPGI S&P Global Inc. | 0.22% | 672,450 | $334.9M | Reduce -4.5% |
| ADI Analog Devices Inc. | 0.22% | 1,574,253 | $334.5M | Reduce -2.3% |
| ICE Intercontinental Exchange Inc. | 0.22% | 2,239,701 | $333.7M | Reduce -0.8% |
| EQIX Equinix Inc. | 0.22% | 350,704 | $330.7M | Add +0.6% |
| BSX Boston Scientific Corp. | 0.22% | 3,619,112 | $323.3M | Add +6.1% |
| WM Waste Management Inc. | 0.22% | 1,600,534 | $323.0M | Reduce -13.2% |
| DHR Danaher Corp. | 0.21% | 1,398,290 | $321.0M | Reduce -3.3% |
| ORLY O'reilly Automotive Inc. | 0.21% | 262,035 | $310.7M | Reduce -19.5% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 1,862,728 | $310.7M | Reduce -7.3% |
| CAT Caterpillar Inc. | 0.21% | 854,517 | $310.0M | Reduce -7.9% |
| AON Aon PLC Class A | 0.21% | 854,806 | $307.0M | Add +1.4% |
| GS Goldman Sachs Group Inc. | 0.20% | 534,972 | $306.3M | Reduce -8.7% |
| MDLZ Mondelez International Inc. Class A | 0.20% | 5,062,918 | $302.4M | Reduce -1.3% |
| DE Deere & Co. | 0.20% | 710,090 | $300.9M | Reduce -3.8% |
| AMT American Tower Corp. | 0.20% | 1,631,644 | $299.3M | Add +4.2% |
| MS Morgan Stanley | 0.20% | 2,372,562 | $298.3M | Reduce -4.9% |
| BDX Becton Dickinson and Co. | 0.20% | 1,308,708 | $296.9M | Reduce -1.4% |
| ISRG Intuitive Surgical Inc. | 0.20% | 568,193 | $296.6M | Reduce -6.3% |
| PLD Prologis Inc. | 0.20% | 2,802,310 | $296.2M | Add +16.5% |
| HON Honeywell International Inc. | 0.20% | 1,305,112 | $294.8M | Add +0.6% |
| UNP Union Pacific Corp. | 0.20% | 1,285,933 | $293.2M | Reduce -3.7% |
| SYK Stryker Corp. | 0.19% | 805,102 | $289.9M | Add +21.6% |
| NOC Northrop Grumman Corp. | 0.19% | 614,254 | $288.3M | Add +0.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.19% | 1,011,224 | $287.0M | Add +1.6% |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -2.3% | 5.42% | −0.50 |
| LLY Eli Lilly & Co. | Reduce -3.9% | 0.96% | −0.24 |
| AMAT Applied Materials Inc. | Reduce -29.3% | 0.26% | −0.22 |
| UNH Unitedhealth Group Inc. | Reduce -2.6% | 0.87% | −0.21 |
| PEP Pepsico Inc. | Reduce -9.2% | 0.72% | −0.21 |
| NVDA Nvidia Corp. | Reduce -8.6% | 5.36% | −0.19 |
| ABBV Abbvie Inc. | Reduce -10.5% | 0.59% | −0.18 |
| MRK Merck & Co. Inc. | Reduce -8.8% | 0.56% | −0.17 |
| JNJ Johnson & Johnson | Reduce -0.9% | 0.84% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -4.7% | 1.93% | −0.14 |
| ELV Elevance Health Inc. | Reduce -23.3% | 0.15% | −0.14 |
| AMD Advanced Micro Devices | Reduce -6.2% | 0.24% | −0.12 |
| AMGN Amgen Inc. | Reduce -0.8% | 0.38% | −0.12 |
| ORCL Oracle Corp. | Reduce -15.5% | 0.44% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -9.6% | 0.68% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 1.48% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -2.4% | 0.62% | −0.10 |
| MCD McDonald's Corp. | Reduce -6.5% | 0.57% | −0.10 |
| REGN Regeneron Pharmaceuticals | Reduce -2.2% | 0.17% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.94% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.8% | 0.28% | −0.09 |
| ON On Semiconductor | Reduce -67.4% | 0.03% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -9.1% | 0.24% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -1.2% | 0.26% | −0.07 |
| RTX RTX Corp. | Reduce -13.8% | 0.26% | −0.07 |
| T AT&T Inc. | Reduce -14.4% | 0.38% | −0.07 |
| HUM Humana Inc. | Reduce -56.2% | 0.03% | −0.07 |
| DHR Danaher Corp. | Reduce -3.3% | 0.21% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -15.1% | 0.19% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -51.2% | 0.05% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.3% | 0.20% | −0.06 |
| NXPI NXP Semiconductors NV | Reduce -12.7% | 0.15% | −0.06 |
| GE General Electric | Reduce -7.3% | 0.21% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -21.9% | 0.25% | −0.06 |
| HPE Hewlett Packard Enterprise | Reduce -59.5% | 0.04% | −0.05 |
| CI The Cigna Group | Reduce -4.5% | 0.15% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -19.5% | 0.21% | −0.05 |
| ADP Automatic Data Processing | Reduce -14.2% | 0.35% | −0.05 |
| WM Waste Management Inc. | Reduce -13.2% | 0.22% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -4.0% | 0.24% | −0.05 |
| INTC Intel Corp. | Reduce -5.9% | 0.17% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -4.8% | 0.14% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -1.1% | 0.23% | −0.05 |
| CAT Caterpillar Inc. | Reduce -7.9% | 0.21% | −0.05 |
| MOH Molina Healthcare Inc. | Reduce -64.8% | 0.02% | −0.05 |
| CCI Crown Castle Inc. | Reduce -0.7% | 0.12% | −0.05 |
| KLAC KLA Corp. | Reduce -5.4% | 0.12% | −0.04 |
| PSA Public Storage | Reduce -0.9% | 0.15% | −0.04 |
| SO The Southern Co. | Reduce -0.6% | 0.28% | −0.04 |
| CVS CVS Health Corp. | Reduce -4.9% | 0.08% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| VOO Vanguard S&P 500 ETF | New | 6.16% | +6.16 |
| AVGO Broadcom Inc. | Add +0.3% | 1.95% | +0.44 |
| AAPL Apple Inc. | Add +2.0% | 6.67% | +0.31 |
| DASH DoorDash Inc. Class A | Add +97.0% | 0.13% | +0.07 |
| BKNG Booking Holdings Inc. | Add +21.1% | 0.27% | +0.07 |
| MRVL Marvell Technology Inc. | Add +31.3% | 0.14% | +0.07 |
| NEE Nextera Energy Inc. | Add +46.7% | 0.38% | +0.06 |
| COST Costco Wholesale Corp. | Add +6.6% | 1.05% | +0.05 |
| FTNT Fortinet Inc. | Add +57.2% | 0.11% | +0.05 |
| WELL Welltower Inc. | Add +61.4% | 0.14% | +0.05 |
| DFS Discover Financial Services | Add +42.0% | 0.08% | +0.03 |
| SYK Stryker Corp. | Add +21.6% | 0.19% | +0.03 |
| REG Regency Centers Corp. | Add +137.2% | 0.04% | +0.02 |
| MA Mastercard Inc. Class A | Add +1.3% | 0.69% | +0.02 |
| WDAY Workday Inc. Class A | Add +19.2% | 0.12% | +0.02 |
| AMH American Homes 4 Rent- A | Add +143.3% | 0.04% | +0.02 |
| INTU Intuit Inc. | Add +10.4% | 0.32% | +0.02 |
| DAY Dayforce Inc. | Add +189.0% | 0.03% | +0.02 |
| BA The Boeing Co. | Add +10.2% | 0.10% | +0.02 |
| UNM Unum Group | Add +50.0% | 0.04% | +0.02 |
| DTM DT Midstream Inc. | Add +129.3% | 0.03% | +0.02 |
| TER Teradyne Inc. | Add +87.5% | 0.04% | +0.02 |
| CINF Cincinnati Financial Corp. | Add +33.5% | 0.06% | +0.02 |
| BSX Boston Scientific Corp. | Add +6.1% | 0.22% | +0.02 |
| COF Capital One Financial Corp. | Add +6.8% | 0.09% | +0.02 |
| ECL Ecolab Inc. | Add +31.6% | 0.12% | +0.02 |
| SMAR Smartsheet Inc. Class A | Add +170.6% | 0.02% | +0.01 |
| VTR Ventas Inc. | Add +60.2% | 0.04% | +0.01 |
| SMCI Super Micro Computer Inc. | New | 0.01% | +0.01 |
| EXE Expand Energy Corp. | Add +58.1% | 0.03% | +0.01 |
| AZPN Aspen Technology Inc. | Add +154.5% | 0.02% | +0.01 |
| ALTR Altair Engineering Inc. Class A | Add +135.9% | 0.02% | +0.01 |
| ETR Entergy Corp. | Add +0.5% | 0.10% | +0.01 |
| HON Honeywell International Inc. | Add +0.6% | 0.20% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +24.8% | 0.02% | +0.01 |
| SPSC SPS Commerce Inc. | Add +121.8% | 0.02% | +0.01 |
| TJX TJX Companies Inc. | Add +6.0% | 0.23% | +0.01 |
| AFRM Affirm Holdings Inc. | Add +34.7% | 0.02% | +0.01 |
| EQT Eqt Corp. | Add +17.0% | 0.03% | +0.01 |
| WTW Willis Towers Watson PLC | Add +7.2% | 0.09% | +0.01 |
| ZM Zoom Communications Inc. | Add +0.3% | 0.07% | +0.01 |
| PRI Primerica Inc. | Add +59.4% | 0.02% | +0.01 |
| DVA Davita Inc. | Add +75.1% | 0.02% | +0.01 |
| TENB Tenable Holdings Inc. | Add +122.0% | 0.01% | +0.01 |
| AGO Assured Guaranty Ltd. | Add +75.2% | 0.01% | +0.01 |
| AFL Aflac Inc. | Add +18.6% | 0.12% | +0.01 |
| AAL American Airlines Group Inc. | Add +14.5% | 0.01% | +0.01 |
| CYBR Cyberark Software Ltd./Israel | Add +3.4% | 0.04% | +0.00 |
| ADSK Autodesk Inc. | Add +0.0% | 0.18% | +0.00 |
| EQIX Equinix Inc. | Add +0.6% | 0.22% | +0.00 |
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 |