California Public Employees Retirement System
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), California Public Employees Retirement System reported 1,064 stock positions worth $162.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 12.4% of the portfolio, followed by Nvidia (NVDA, 7.3%) and Apple (AAPL, 5.9%). Compared with Q4 2025, it opened 23 new positions, sold out of 46, added to 420 and reduced 619. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +6%) and the biggest sale Nvidia (NVDA, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- Sacramento, CA
- CIK
- 0000919079
- Portfolio Value
- $162.5B (Q1 2026)
- SEC Filing
- 0000919079-26-000006 ↗ filed May 6, 2026
Holdings Value
Holdings 1,064 stocks · $162.5B
| VOO Vanguard S&P 500 ETF | 12.37% | 33,635,939 | $20.1B | Add +6.5% |
| NVDA Nvidia Corp. | 7.33% | 68,335,407 | $11.9B | Reduce -10.5% |
| AAPL Apple Inc. | 5.89% | 37,713,677 | $9.6B | Add +3.7% |
| MSFT Microsoft Corp. | 4.99% | 21,906,086 | $8.1B | Add +3.7% |
| AMZN Amazon.com Inc. | 2.79% | 21,785,734 | $4.5B | Add +8.7% |
| GOOGL Alphabet Inc. Class A | 2.59% | 14,637,980 | $4.2B | Reduce -4.8% |
| AVGO Broadcom Inc. | 2.53% | 13,291,551 | $4.1B | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 1.98% | 5,615,460 | $3.2B | Reduce -3.6% |
| GOOG Alphabet Inc. Class C | 1.82% | 10,306,585 | $3.0B | Reduce -16.5% |
| JPHY JPMorgan Active H Yield ETF | 1.23% | 39,896,037 | $2.0B | No change |
| TSLA Tesla Inc. | 1.18% | 5,178,868 | $1.9B | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.14% | 6,308,333 | $1.9B | Reduce -6.7% |
| LLY Eli Lilly & Co. | 1.03% | 1,814,693 | $1.7B | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.90% | 5,994,988 | $1.5B | Reduce -19.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.82% | 2,782,309 | $1.3B | Reduce -18.0% |
| XOM Exxon Mobil Corp. | 0.82% | 7,823,133 | $1.3B | Reduce -1.6% |
| LRCX Lam Research Corp. | 0.77% | 5,870,899 | $1.3B | Add +50.6% |
| WMT Walmart Inc. | 0.67% | 8,775,480 | $1.1B | Add +2.0% |
| MU Micron Technology Inc. | 0.66% | 3,188,608 | $1.1B | Add +46.2% |
| V Visa Inc. Class A | 0.59% | 3,176,693 | $960.1M | Reduce -4.3% |
| COST Costco Wholesale Corp. | 0.58% | 941,708 | $938.3M | Reduce -15.2% |
| CSCO Cisco Systems Inc. | 0.58% | 12,054,410 | $935.3M | Add +4.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 18,221,359 | $888.3M | Reduce -7.1% |
| MRK Merck & Co. Inc. | 0.55% | 7,383,088 | $888.1M | Reduce -13.8% |
| KLAC KLA Corp. | 0.54% | 594,637 | $875.5M | Reduce -2.2% |
| MA Mastercard Inc. Class A | 0.53% | 1,731,445 | $865.1M | Reduce -5.7% |
| IVV iShares Core S&P 500 ETF | 0.51% | 1,267,527 | $828.0M | New |
| ABBV Abbvie Inc. | 0.50% | 3,720,076 | $809.1M | Reduce -11.4% |
| KO The Coca-Cola Co. | 0.47% | 9,958,572 | $757.3M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.46% | 7,751,395 | $745.3M | Reduce -6.3% |
| VZ Verizon Communications Inc. | 0.45% | 14,417,054 | $723.7M | Reduce -15.9% |
| CVX Chevron Corp. | 0.44% | 3,461,111 | $716.1M | Add +1.6% |
| PG The Procter & Gamble Co. | 0.44% | 4,946,602 | $714.5M | Reduce -6.2% |
| HD Home Depot Inc. | 0.43% | 2,118,312 | $696.7M | Reduce -12.4% |
| AMGN Amgen Inc. | 0.43% | 1,970,670 | $693.4M | Reduce -5.6% |
| MCD McDonald's Corp. | 0.39% | 2,046,460 | $636.0M | Reduce -6.8% |
| AMAT Applied Materials Inc. | 0.39% | 1,852,818 | $633.3M | Reduce -10.0% |
| CAT Caterpillar Inc. | 0.38% | 879,849 | $623.3M | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 2,478,266 | $600.7M | Reduce -14.2% |
| UNH Unitedhealth Group Inc. | 0.36% | 2,186,539 | $591.7M | Reduce -10.3% |
| GS Goldman Sachs Group Inc. | 0.36% | 698,118 | $590.6M | Add +15.8% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 3,856,384 | $564.1M | Reduce -6.6% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 1,987,484 | $564.0M | Reduce -3.5% |
| AMD Advanced Micro Devices | 0.35% | 2,759,933 | $561.5M | Reduce -5.9% |
| INTC Intel Corp. | 0.34% | 12,386,924 | $546.6M | Add +11.2% |
| WFC Wells Fargo & Co. | 0.34% | 6,852,010 | $545.5M | Add +3.3% |
| RTX RTX Corp. | 0.33% | 2,820,225 | $544.0M | Reduce -4.5% |
| PEP Pepsico Inc. | 0.31% | 3,241,048 | $503.3M | Reduce -39.7% |
| GILD Gilead Sciences Inc. | 0.31% | 3,584,898 | $499.6M | Reduce -3.1% |
| DE Deere & Co. | 0.30% | 851,611 | $479.7M | Add +1.6% |
| T AT&T Inc. | 0.29% | 16,274,183 | $471.8M | Reduce -22.5% |
| C Citigroup Inc. | 0.29% | 4,123,967 | $467.7M | Add +12.3% |
| ABT Abbott Laboratories | 0.28% | 4,467,825 | $458.7M | Reduce -14.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 627 | $450.3M | Reduce -2.6% |
| NEE Nextera Energy Inc. | 0.26% | 4,570,516 | $424.5M | Reduce -3.4% |
| QCOM Qualcomm Inc. | 0.26% | 3,224,104 | $415.2M | Add +14.9% |
| ORCL Oracle Corp. | 0.25% | 2,776,440 | $408.4M | Reduce -14.8% |
| LIN Linde PLC | 0.25% | 816,545 | $404.8M | Reduce -13.1% |
| UBER Uber Technologies Inc. | 0.25% | 5,620,059 | $404.3M | Add +38.7% |
| CRM Salesforce Inc. | 0.25% | 2,144,702 | $400.4M | Reduce -25.8% |
| MS Morgan Stanley | 0.25% | 2,422,284 | $398.6M | Add +13.4% |
| GEV GE Vernova Inc. | 0.24% | 455,866 | $397.9M | Reduce -3.6% |
| APH Amphenol Corp. Class A | 0.24% | 3,119,106 | $394.1M | Reduce -24.6% |
| AXP American Express Co. | 0.24% | 1,273,396 | $385.2M | Add +30.6% |
| COP Conocophillips | 0.24% | 2,898,034 | $382.5M | Add +12.1% |
| LOW Lowe's Cos Inc. | 0.23% | 1,589,184 | $375.5M | Reduce -4.3% |
| DHR Danaher Corp. | 0.22% | 1,858,071 | $352.3M | Add +25.3% |
| TXN Texas Instruments Inc. | 0.21% | 1,797,414 | $348.9M | Add +9.6% |
| BKNG Booking Holdings Inc. | 0.21% | 81,489 | $343.1M | Add +28.4% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 696,589 | $342.4M | Reduce -4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 2,137,646 | $341.4M | Reduce -1.0% |
| ADI Analog Devices Inc. | 0.21% | 1,057,616 | $336.5M | Add +9.4% |
| LMT Lockheed Martin Corp. | 0.20% | 550,545 | $332.7M | Add +7.0% |
| UNP Union Pacific Corp. | 0.20% | 1,343,908 | $326.1M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.20% | 1,618,587 | $320.9M | Reduce -1.9% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 5,233,948 | $317.4M | Add +2.4% |
| NXPI NXP Semiconductors NV | 0.19% | 1,592,213 | $313.4M | Add +41.9% |
| ETN Eaton Corp. PLC | 0.19% | 867,133 | $310.1M | Add +11.3% |
| PFE Pfizer Inc. | 0.19% | 10,840,185 | $304.4M | Reduce -22.4% |
| TMUS T-Mobile US Inc. | 0.19% | 1,449,168 | $304.4M | Add +15.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 3,147,240 | $303.3M | Reduce -6.2% |
| INTU Intuit Inc. | 0.18% | 692,446 | $299.4M | Reduce -15.5% |
| ISRG Intuitive Surgical Inc. | 0.18% | 620,792 | $286.2M | Reduce -30.2% |
| TT Trane Technologies PLC | 0.18% | 686,691 | $286.2M | Add +51.9% |
| SCHW Schwab (charles) Corp. | 0.17% | 3,026,417 | $284.4M | Reduce -16.6% |
| PGR Progressive Corp. | 0.17% | 1,424,466 | $282.4M | Reduce -21.3% |
| WELL Welltower Inc. | 0.17% | 1,420,440 | $280.8M | Reduce -14.5% |
| MCK McKesson Corp. | 0.17% | 324,022 | $280.4M | Reduce -9.8% |
| CB Chubb Ltd. | 0.17% | 829,916 | $270.5M | Reduce -26.5% |
| CMCSA Comcast Corp. Class A | 0.17% | 9,351,906 | $268.5M | Add +5.7% |
| ADBE Adobe Inc. | 0.16% | 1,097,690 | $266.8M | Reduce -1.4% |
| SPGI S&P Global Inc. | 0.16% | 622,785 | $264.9M | Reduce -2.1% |
| ANET Arista Networks Inc. | 0.16% | 2,148,280 | $263.8M | Reduce -5.0% |
| BLK BlackRock Inc. | 0.16% | 273,657 | $263.2M | Reduce -3.4% |
| MRVL Marvell Technology Inc. | 0.16% | 2,637,984 | $261.3M | Add +40.3% |
| PLD Prologis Inc. | 0.16% | 1,946,118 | $257.2M | Reduce -20.0% |
| HON Honeywell International Inc. | 0.15% | 1,105,154 | $249.8M | Reduce -4.7% |
| DUK Duke Energy Corp. | 0.15% | 1,884,247 | $246.7M | Reduce -8.9% |
| CME Cme Group Inc. | 0.15% | 816,357 | $241.1M | Reduce -11.2% |
| EXC Exelon Corp. | 0.15% | 4,879,876 | $239.2M | Reduce -7.0% |
Portfolio Sells Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | Reduce -10.5% | 7.33% | −0.81 |
| GOOG Alphabet Inc. Class C | Reduce -16.5% | 1.82% | −0.40 |
| META Meta Platforms Inc. Class A | Reduce -3.6% | 1.98% | −0.22 |
| CRM Salesforce Inc. | Reduce -25.8% | 0.25% | −0.19 |
| AVGO Broadcom Inc. | Reduce -2.4% | 2.53% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -4.8% | 2.59% | −0.16 |
| TSLA Tesla Inc. | Reduce -1.0% | 1.18% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -18.0% | 0.82% | −0.15 |
| MDT Medtronic PLC | Reduce -49.9% | 0.13% | −0.14 |
| PEP Pepsico Inc. | Reduce -39.7% | 0.31% | −0.13 |
| INTU Intuit Inc. | Reduce -15.5% | 0.18% | −0.13 |
| IBM Intl Business Machines Corp. | Reduce -14.2% | 0.37% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 1.03% | −0.11 |
| ISRG Intuitive Surgical Inc. | Reduce -30.2% | 0.18% | −0.11 |
| ORCL Oracle Corp. | Reduce -14.8% | 0.25% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -6.7% | 1.14% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -10.3% | 0.36% | −0.10 |
| ABT Abbott Laboratories | Reduce -14.2% | 0.28% | −0.09 |
| APH Amphenol Corp. Class A | Reduce -24.6% | 0.24% | −0.08 |
| BSX Boston Scientific Corp. | Reduce -24.9% | 0.09% | −0.08 |
| V Visa Inc. Class A | Reduce -4.3% | 0.59% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -6.6% | 0.35% | −0.07 |
| BAC Bank of America Corp. | Reduce -7.1% | 0.55% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -5.7% | 0.53% | −0.07 |
| PGR Progressive Corp. | Reduce -21.3% | 0.17% | −0.06 |
| TRV The Travelers Cos Inc. | Reduce -39.6% | 0.11% | −0.06 |
| ELV Elevance Health Inc. | Reduce -45.5% | 0.06% | −0.06 |
| ADBE Adobe Inc. | Reduce -1.4% | 0.16% | −0.06 |
| ACN Accenture PLC Class A | Reduce -1.9% | 0.20% | −0.06 |
| ABBV Abbvie Inc. | Reduce -11.4% | 0.50% | −0.05 |
| TTD Trade Desk Inc./the Class A | Reduce -74.5% | 0.01% | −0.05 |
| NOW ServiceNow Inc. | Reduce -0.8% | 0.13% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -28.2% | 0.04% | −0.05 |
| HD Home Depot Inc. | Reduce -12.4% | 0.43% | −0.05 |
| ADP Automatic Data Processing | Reduce -12.2% | 0.13% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -39.0% | 0.10% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -35.9% | 0.03% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -26.7% | 0.07% | −0.04 |
| COF Capital One Financial Corp. | Reduce -5.5% | 0.13% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -15.6% | 0.14% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -23.2% | 0.05% | −0.04 |
| CB Chubb Ltd. | Reduce -26.5% | 0.17% | −0.04 |
| SBUX Starbucks Corp. | Reduce -31.4% | 0.13% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -16.6% | 0.17% | −0.03 |
| DIS The Walt Disney Co. | Reduce -6.2% | 0.19% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.2% | 0.21% | −0.03 |
| BBY Best Buy Co. Inc. | Reduce -68.3% | 0.01% | −0.03 |
| ON On Semiconductor | Reduce -61.8% | 0.03% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -24.2% | 0.07% | −0.03 |
| PAYX Paychex Inc. | Reduce -24.2% | 0.06% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Add +6.5% | 12.37% | +1.04 |
| IVV iShares Core S&P 500 ETF | New | 0.51% | +0.51 |
| LRCX Lam Research Corp. | Add +50.6% | 0.77% | +0.39 |
| MU Micron Technology Inc. | Add +46.2% | 0.66% | +0.31 |
| AAPL Apple Inc. | Add +3.7% | 5.89% | +0.24 |
| AMZN Amazon.com Inc. | Add +8.7% | 2.79% | +0.15 |
| CVX Chevron Corp. | Add +1.6% | 0.44% | +0.14 |
| WMT Walmart Inc. | Add +2.0% | 0.67% | +0.12 |
| INTC Intel Corp. | Add +11.2% | 0.34% | +0.10 |
| COP Conocophillips | Add +12.1% | 0.24% | +0.10 |
| CAT Caterpillar Inc. | Add +0.4% | 0.38% | +0.10 |
| TT Trane Technologies PLC | Add +51.9% | 0.18% | +0.08 |
| DE Deere & Co. | Add +1.6% | 0.30% | +0.07 |
| MRVL Marvell Technology Inc. | Add +40.3% | 0.16% | +0.07 |
| CSCO Cisco Systems Inc. | Add +4.3% | 0.58% | +0.07 |
| MPWR Monolithic Power Systems Inc. | Add +88.2% | 0.11% | +0.06 |
| LMT Lockheed Martin Corp. | Add +7.0% | 0.20% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +15.8% | 0.36% | +0.06 |
| UBER Uber Technologies Inc. | Add +38.7% | 0.25% | +0.06 |
| ADI Analog Devices Inc. | Add +9.4% | 0.21% | +0.06 |
| NXPI NXP Semiconductors NV | Add +41.9% | 0.19% | +0.05 |
| TXN Texas Instruments Inc. | Add +9.6% | 0.21% | +0.05 |
| ETN Eaton Corp. PLC | Add +11.3% | 0.19% | +0.05 |
| VLO Valero Energy Corp. | Add +16.8% | 0.10% | +0.05 |
| C Citigroup Inc. | Add +12.3% | 0.29% | +0.04 |
| TMUS T-Mobile US Inc. | Add +15.8% | 0.19% | +0.04 |
| SLB SLB Ltd. | Add +7.7% | 0.11% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +2.4% | 0.20% | +0.04 |
| DHI D.R. Horton Inc. | Add +94.1% | 0.07% | +0.04 |
| FDX FedEx Corp. | Add +13.5% | 0.10% | +0.03 |
| NCLH Norwegian Cruise Line Holdin | Add +358.9% | 0.04% | +0.03 |
| FIX Comfort Systems USA Inc. | Add +17.9% | 0.07% | +0.03 |
| EMR Emerson Electric Co. | Add +30.9% | 0.11% | +0.03 |
| AXP American Express Co. | Add +30.6% | 0.24% | +0.03 |
| STX Seagate Technology Holdings | Add +0.7% | 0.09% | +0.03 |
| KHC The Kraft Heinz Co. | Add +94.8% | 0.06% | +0.03 |
| MS Morgan Stanley | Add +13.4% | 0.25% | +0.03 |
| ODFL Old Dominion Freight Line | Add +0.2% | 0.10% | +0.03 |
| BKR Baker Hughes Co. | Add +4.4% | 0.08% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +46.7% | 0.11% | +0.03 |
| TFC Truist Financial Corp. | Add +38.1% | 0.09% | +0.03 |
| ROST Ross Stores Inc. | Add +8.5% | 0.09% | +0.02 |
| RL Ralph Lauren Corp. | Add +150.1% | 0.04% | +0.02 |
| DHR Danaher Corp. | Add +25.3% | 0.22% | +0.02 |
| HAL Halliburton Co. | Add +18.2% | 0.05% | +0.02 |
| OXY Occidental Petroleum Corp. | Add +1.9% | 0.05% | +0.02 |
| PNC PNC Financial Services Group | Add +16.4% | 0.11% | +0.02 |
| FTI Technipfmc PLC | Add +13.1% | 0.04% | +0.02 |
| NEM Newmont Corp. | Add +0.4% | 0.14% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +0.5% | 0.09% | +0.02 |
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 |