California State Teachers Retirement System
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), California State Teachers Retirement System reported 3,051 stock positions worth $100.0 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Apple (AAPL, 6.2%) and Microsoft (MSFT, 5.3%). Compared with Q3 2025, it opened 51 new positions, sold out of 48, added to 1,017 and reduced 1,956. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WEST SACRAMENTO, CA
- CIK
- 0001081019
- Portfolio Value
- $100.0B (Q4 2025)
- SEC Filing
- 0001081019-26-000004 ↗ filed Feb 17, 2026
Holdings Value
Holdings 3,051 stocks · $100.0B
| NVDA Nvidia Corp. | 7.01% | 37,569,999 | $7.0B | Reduce -2.0% |
| AAPL Apple Inc. | 6.25% | 22,981,011 | $6.2B | Reduce -2.2% |
| MSFT Microsoft Corp. | 5.31% | 10,967,008 | $5.3B | Reduce -1.6% |
| AMZN Amazon.com Inc. | 3.44% | 14,889,763 | $3.4B | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 2.84% | 9,077,332 | $2.8B | Reduce -0.7% |
| AVGO Broadcom Inc. | 2.41% | 6,961,668 | $2.4B | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 2.35% | 7,493,706 | $2.4B | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 2.22% | 3,362,289 | $2.2B | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 2.03% | 2,958,300 | $2.0B | New |
| TSLA Tesla Inc. | 1.97% | 4,380,570 | $2.0B | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 1.37% | 4,260,642 | $1.4B | Reduce -2.6% |
| LLY Eli Lilly & Co. | 1.34% | 1,244,311 | $1.3B | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.07% | 2,128,287 | $1.1B | Reduce -0.5% |
| V Visa Inc. Class A | 0.93% | 2,641,814 | $926.5M | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.79% | 3,829,320 | $792.5M | Reduce -1.7% |
| WMT Walmart Inc. | 0.76% | 6,851,516 | $763.3M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 0.76% | 1,323,057 | $755.3M | Reduce -2.0% |
| ABBV Abbvie Inc. | 0.63% | 2,742,565 | $626.6M | Reduce -1.8% |
| PLTR Palantir Technologies Inc. Class A | 0.62% | 3,513,425 | $624.5M | Reduce -1.1% |
| NFLX Netflix Inc. | 0.62% | 6,608,496 | $619.6M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.61% | 5,089,968 | $612.5M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 0.61% | 702,394 | $605.7M | Reduce -1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.60% | 10,893,208 | $599.1M | Reduce -2.9% |
| AMD Advanced Micro Devices | 0.54% | 2,515,278 | $538.7M | Reduce -1.4% |
| HD Home Depot Inc. | 0.53% | 1,540,434 | $530.1M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.53% | 3,676,190 | $526.8M | Reduce -1.8% |
| ORCL Oracle Corp. | 0.52% | 2,643,338 | $515.2M | Reduce -0.7% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 1,657,685 | $510.6M | Reduce -1.9% |
| MU Micron Technology Inc. | 0.50% | 1,743,321 | $497.6M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 0.48% | 6,172,891 | $475.5M | Reduce -2.4% |
| KO The Coca-Cola Co. | 0.47% | 6,679,564 | $467.0M | Reduce -1.0% |
| WFC Wells Fargo & Co. | 0.46% | 4,963,336 | $462.6M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.46% | 1,388,994 | $458.5M | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 1,453,292 | $430.5M | Reduce -1.8% |
| CAT Caterpillar Inc. | 0.42% | 726,058 | $415.9M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 0.42% | 3,946,125 | $415.4M | Reduce -2.8% |
| GS Goldman Sachs Group Inc. | 0.41% | 470,948 | $414.0M | Reduce -2.5% |
| CRM Salesforce Inc. | 0.39% | 1,463,949 | $387.8M | Reduce -1.8% |
| RTX RTX Corp. | 0.39% | 2,102,876 | $385.7M | Reduce -1.4% |
| CVX Chevron Corp. | 0.35% | 2,301,670 | $350.8M | Reduce -2.4% |
| MCD McDonald's Corp. | 0.35% | 1,145,733 | $350.2M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.34% | 2,742,759 | $343.6M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 587,848 | $340.6M | Reduce -2.3% |
| C Citigroup Inc. | 0.34% | 2,916,894 | $340.4M | Reduce -1.8% |
| LRCX Lam Research Corp. | 0.34% | 1,977,333 | $338.5M | Reduce -3.7% |
| MS Morgan Stanley | 0.33% | 1,850,246 | $328.5M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.32% | 1,259,023 | $323.6M | Reduce -2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 2,812,598 | $320.0M | Reduce -1.3% |
| AXP American Express Co. | 0.32% | 855,404 | $316.5M | Reduce -1.5% |
| ISRG Intuitive Surgical Inc. | 0.32% | 556,837 | $315.4M | Reduce -1.8% |
| PEP Pepsico Inc. | 0.31% | 2,150,610 | $308.7M | Reduce -3.0% |
| QCOM Qualcomm Inc. | 0.29% | 1,691,923 | $289.4M | Reduce -2.2% |
| INTU Intuit Inc. | 0.29% | 434,868 | $288.1M | Reduce -0.4% |
| BKNG Booking Holdings Inc. | 0.28% | 52,640 | $281.9M | Reduce -0.5% |
| T AT&T Inc. | 0.28% | 11,288,238 | $280.4M | Reduce -2.7% |
| GEV GE Vernova Inc. | 0.28% | 427,835 | $279.6M | Reduce -2.0% |
| AMGN Amgen Inc. | 0.28% | 845,056 | $276.6M | Reduce -2.0% |
| VZ Verizon Communications Inc. | 0.28% | 6,748,164 | $274.9M | Reduce -1.3% |
| SCHW Schwab (charles) Corp. | 0.27% | 2,706,535 | $270.4M | Reduce -1.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 1,734,512 | $266.4M | Reduce -1.6% |
| BA The Boeing Co. | 0.26% | 1,207,981 | $262.3M | Add +1.4% |
| INTC Intel Corp. | 0.26% | 7,061,110 | $260.6M | Add +1.6% |
| UBER Uber Technologies Inc. | 0.26% | 3,180,435 | $259.9M | Reduce -1.3% |
| APH Amphenol Corp. Class A | 0.26% | 1,917,365 | $259.1M | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.26% | 965,319 | $259.0M | Reduce -1.6% |
| SPGI S&P Global Inc. | 0.26% | 487,766 | $254.9M | Reduce -1.9% |
| KLAC KLA Corp. | 0.25% | 206,116 | $250.4M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.24% | 1,404,234 | $243.6M | Reduce -1.3% |
| BLK BlackRock Inc. | 0.24% | 226,880 | $242.8M | Reduce -1.3% |
| APP AppLovin Corp. Class A | 0.24% | 358,705 | $241.7M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.24% | 1,575,936 | $241.4M | Reduce -1.7% |
| GILD Gilead Sciences Inc. | 0.24% | 1,955,264 | $240.0M | Reduce -1.8% |
| LIN Linde PLC | 0.24% | 559,581 | $238.6M | Reduce -6.5% |
| COF Capital One Financial Corp. | 0.23% | 954,427 | $231.3M | Reduce -1.9% |
| DHR Danaher Corp. | 0.23% | 1,010,131 | $231.2M | Reduce -2.2% |
| PFE Pfizer Inc. | 0.23% | 9,207,009 | $229.3M | Reduce -2.7% |
| ADBE Adobe Inc. | 0.23% | 644,077 | $225.4M | Reduce -3.2% |
| BSX Boston Scientific Corp. | 0.22% | 2,357,705 | $224.8M | Reduce -2.0% |
| NEE Nextera Energy Inc. | 0.22% | 2,721,905 | $218.5M | Reduce -1.4% |
| ANET Arista Networks Inc. | 0.21% | 1,626,756 | $213.2M | Reduce -2.4% |
| ADI Analog Devices Inc. | 0.21% | 778,125 | $211.0M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 0.21% | 860,888 | $207.6M | Reduce -3.0% |
| OBDC Blue Owl Capital Corp. | 0.20% | 16,445,728 | $204.4M | No change |
| PGR Progressive Corp. | 0.20% | 885,554 | $201.7M | Reduce -2.6% |
| MDT Medtronic PLC | 0.20% | 2,091,960 | $201.0M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.20% | 867,811 | $200.7M | Reduce -4.5% |
| HON Honeywell International Inc. | 0.20% | 1,016,297 | $198.3M | Reduce -2.2% |
| ETN Eaton Corp. PLC | 0.19% | 610,320 | $194.4M | Reduce -2.2% |
| WELL Welltower Inc. | 0.19% | 1,042,366 | $193.5M | Add +0.7% |
| SYK Stryker Corp. | 0.19% | 545,348 | $191.7M | Reduce -1.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 1,036,381 | $190.9M | Add +0.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.19% | 4,910,682 | $188.5M | Reduce -5.7% |
| PLD Prologis Inc. | 0.19% | 1,455,911 | $185.9M | Reduce -1.7% |
| DE Deere & Co. | 0.18% | 397,319 | $185.0M | Reduce -1.8% |
| CB Chubb Ltd. | 0.18% | 592,286 | $184.9M | Reduce -1.6% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 3,394,861 | $183.1M | Reduce -1.2% |
| CMCSA Comcast Corp. Class A | 0.18% | 6,062,297 | $181.2M | Reduce -0.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 385,098 | $180.5M | Reduce -0.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.17% | 385,751 | $174.9M | Reduce -2.2% |
| NEM Newmont Corp. | 0.17% | 1,750,282 | $174.8M | Reduce -2.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1 (not counted above)
Total filed on the 13F, all lines: $100.0B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.6% | 5.31% | −0.61 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 2.22% | −0.35 |
| NVDA Nvidia Corp. | Reduce -2.0% | 7.01% | −0.33 |
| ORCL Oracle Corp. | Reduce -0.7% | 0.52% | −0.25 |
| NFLX Netflix Inc. | Reduce -1.6% | 0.62% | −0.21 |
| HD Home Depot Inc. | Reduce -1.8% | 0.53% | −0.12 |
| TSLA Tesla Inc. | Reduce -4.0% | 1.97% | −0.11 |
| MSTR Strategy Inc. | Reduce -0.9% | 0.06% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.2% | 0.61% | −0.07 |
| UBER Uber Technologies Inc. | Reduce -1.3% | 0.26% | −0.06 |
| OTF Blue Owl Technology Finance | Sold out | 0.00% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.53% | −0.06 |
| NOW ServiceNow Inc. | Reduce -1.7% | 0.24% | −0.06 |
| T AT&T Inc. | Reduce -2.7% | 0.28% | −0.06 |
| LIN Linde PLC | Reduce -6.5% | 0.24% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -2.2% | 0.19% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -1.9% | 0.46% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -2.6% | 1.37% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.1% | 0.62% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -1.0% | 0.13% | −0.04 |
| ADP Automatic Data Processing | Reduce -4.9% | 0.17% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -1.7% | 0.16% | −0.04 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.34% | −0.04 |
| ABBV Abbvie Inc. | Reduce -1.8% | 0.63% | −0.04 |
| K Kellanova | Sold out | 0.00% | −0.04 |
| ANET Arista Networks Inc. | Reduce -2.4% | 0.21% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -26.4% | 0.02% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 0.28% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -2.0% | 0.76% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 1.07% | −0.03 |
| BLK BlackRock Inc. | Reduce -1.3% | 0.24% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -3.0% | 0.12% | −0.03 |
| AZO AutoZone Inc. | Reduce -3.3% | 0.09% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -10.4% | 0.08% | −0.03 |
| MELI MercadoLibre Inc. | Reduce -1.6% | 0.14% | −0.03 |
| PGR Progressive Corp. | Reduce -2.6% | 0.20% | −0.03 |
| MSI Motorola Solutions Inc. | Reduce -3.8% | 0.10% | −0.03 |
| SPOT Spotify Technology SA | Reduce -2.1% | 0.11% | −0.03 |
| SE Sea Ltd.-ADR | Reduce -3.5% | 0.05% | −0.03 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -6.3% | 0.10% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -1.4% | 0.24% | −0.03 |
| HON Honeywell International Inc. | Reduce -2.2% | 0.20% | −0.03 |
| BX Blackstone Inc. | Reduce -0.8% | 0.17% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -2.1% | 0.10% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -2.4% | 0.11% | −0.02 |
| CVX Chevron Corp. | Reduce -2.4% | 0.35% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -1.3% | 0.24% | −0.02 |
| CDNS Cadence Design SYS Inc. | Reduce -2.5% | 0.13% | −0.02 |
| MRSH Marsh & McLennan Cos | Reduce -4.6% | 0.14% | −0.02 |
| URI United Rentals Inc. | Reduce -3.6% | 0.08% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | New | 2.03% | +2.03 |
| WDC Western Digital Corp. | Add +5.8% | 0.09% | +0.03 |
| AMRZ Amrize Ltd. | New | 0.03% | +0.03 |
| CIEN Ciena Corp. | Add +61.0% | 0.05% | +0.03 |
| INSM Insmed Inc. | Add +73.0% | 0.05% | +0.03 |
| FIX Comfort Systems USA Inc. | Add +63.2% | 0.05% | +0.02 |
| NBIS Nebius Group NV | New | 0.02% | +0.02 |
| INTC Intel Corp. | Add +1.6% | 0.26% | +0.02 |
| RKT Rocket Cos Inc. Class A | Add +6586.2% | 0.02% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| SNDK Sandisk Corp. | Add +2.1% | 0.03% | +0.02 |
| RKLB Rocket Lab Corp. | Add +0.5% | 0.05% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +2.9% | 0.02% | +0.01 |
| ECHO Echostar Corp. Class A | Add +65.5% | 0.02% | +0.01 |
| TEVA Teva Pharmaceutical-SP ADR | Add +0.9% | 0.04% | +0.01 |
| CRDO Credo Technology Group Holdi | Add +62.1% | 0.03% | +0.01 |
| CVNA Carvana Co. | Add +5.8% | 0.09% | +0.01 |
| PCAR Paccar Inc. | Add +4.9% | 0.09% | +0.01 |
| CTSH Cognizant Tech Solutions-A | Add +0.7% | 0.06% | +0.01 |
| COHR Coherent Corp. | Add +0.7% | 0.03% | +0.01 |
| OMC Omnicom Group | Add +38.1% | 0.04% | +0.01 |
| USB US Bancorp | Add +0.9% | 0.13% | +0.01 |
| ALAB Astera Labs Inc. | Add +71.2% | 0.03% | +0.01 |
| FLEX Flex Ltd. | Add +45.3% | 0.03% | +0.01 |
| BE Bloom Energy Corp. Class A | Add +53.2% | 0.03% | +0.01 |
| EXAS Exact Sciences Corp. | Add +5.1% | 0.02% | +0.01 |
| NDAQ Nasdaq Inc. | Add +6.4% | 0.07% | +0.01 |
| CTVA Corteva Inc. | Add +9.8% | 0.12% | +0.01 |
| ALB Albemarle Corp. | Add +1.7% | 0.02% | +0.01 |
| FOXA Fox Corp. Class A | Add +11.5% | 0.03% | +0.01 |
| RIVN Rivian Automotive Inc. Class A | Add +0.2% | 0.02% | +0.01 |
| IONQ Ionq Inc. | Add +91.8% | 0.02% | +0.01 |
| EL Estee Lauder Companies Class A | Add +0.5% | 0.04% | +0.01 |
| MKL Markel Group Inc. | Add +6.8% | 0.04% | +0.01 |
| STT State Street Corp. | Add +1.4% | 0.06% | +0.01 |
| ASTS Ast Spacemobile Inc. | Add +10.4% | 0.01% | +0.01 |
| GLW Corning Inc. | Add +1.5% | 0.10% | +0.01 |
| RGLD Royal Gold Inc. | Add +31.9% | 0.02% | +0.01 |
| AA Alcoa Corp. | Add +0.9% | 0.01% | +0.00 |
| NLY Annaly Capital Management Inc. | Add +7.2% | 0.04% | +0.00 |
| PRAX Praxis Precision Medicines I | Add +5.8% | 0.01% | +0.00 |
| RPRX Royalty Pharma PLC Class A | Add +10.6% | 0.03% | +0.00 |
| WELL Welltower Inc. | Add +0.7% | 0.19% | +0.00 |
| FITB Fifth Third Bancorp | Add +7.1% | 0.05% | +0.00 |
| HL Hecla Mining Co. | Add +0.3% | 0.01% | +0.00 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +13.8% | 0.01% | +0.00 |
| GH Guardant Health Inc. | Add +1.0% | 0.01% | +0.00 |
| VTR Ventas Inc. | Add +0.5% | 0.05% | +0.00 |
| FTV Fortive Corp. | Add +1.0% | 0.04% | +0.00 |
| VOO Vanguard S&P 500 ETF | New | 0.00% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Reduce -100.0% | 1 | $1 |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 1 | $0 |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 1 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 3,002 | $108.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,925 | $94.5B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 3,051 | $100.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 3,046 | $97.5B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2025 | 2,957 | $90.0B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 3,055 | $80.9B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024Amended | 3,065 | $85.7B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024Amended | 3,075 | $85.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024Amended | 3,086 | $81.6B | MSFT, AAPL, NVDA, AMZN, META |
| Q1 2024 | 3,045 | $79.1B | MSFT, AAPL, NVDA, AMZN, META |