Commonwealth of Pennsylvania Public School Empls Retrmt SYS
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Commonwealth of Pennsylvania Public School Empls Retrmt SYS reported 1,613 stock positions worth $16.9 billion. Its top holding was Apple (AAPL) at 4.5% of the portfolio, followed by Microsoft (MSFT, 3.8%) and Nvidia (NVDA, 3.6%). Compared with Q4 2024, it opened 59 new positions, sold out of 52, added to 1,440 and reduced 33. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +181%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- HARRISBURG, PA
- CIK
- 0001083190
- Portfolio Value
- $16.9B (Q1 2025)
- SEC Filing
- 0001083190-25-000004 ↗ filed May 13, 2025
Holdings Value
Holdings 1,613 stocks · $16.9B
| AAPL Apple Inc. | 4.50% | 3,435,355 | $763.1M | Add +6.9% |
| MSFT Microsoft Corp. | 3.77% | 1,700,056 | $638.2M | Add +7.5% |
| NVDA Nvidia Corp. | 3.58% | 5,600,548 | $607.0M | Add +7.4% |
| AMZN Amazon.com Inc. | 2.42% | 2,156,972 | $410.4M | Add +8.4% |
| AGG iShares Core U.S. Aggregate | 2.31% | 3,948,422 | $390.6M | Add +180.6% |
| EMB iShares JP Morgan Usd Emergi | 1.89% | 3,526,014 | $319.4M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.76% | 532,703 | $298.0M | Add +140.8% |
| META Meta Platforms Inc. Class A | 1.70% | 500,802 | $288.6M | Add +8.0% |
| NEE Nextera Energy Inc. | 1.60% | 3,835,266 | $271.9M | Add +10.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.32% | 419,172 | $223.2M | Add +7.5% |
| UNP Union Pacific Corp. | 1.27% | 908,594 | $214.6M | Add +5.6% |
| GOOGL Alphabet Inc. Class A | 1.22% | 1,333,932 | $206.3M | Add +7.4% |
| SO The Southern Co. | 1.13% | 2,090,750 | $192.2M | Add +0.7% |
| DUK Duke Energy Corp. | 1.06% | 1,474,013 | $179.8M | Add +0.8% |
| AVGO Broadcom Inc. | 1.06% | 1,071,938 | $179.5M | Add +7.9% |
| GOOG Alphabet Inc. Class C | 1.00% | 1,081,100 | $168.9M | Add +6.8% |
| TSLA Tesla Inc. | 0.98% | 639,951 | $165.8M | Add +7.8% |
| AMT American Tower Corp. | 0.97% | 759,145 | $165.2M | Reduce -2.3% |
| RSP Invesco S&P 500 Equal Weight | 0.95% | 925,230 | $160.3M | Reduce -33.2% |
| JPM JPMorgan Chase & Co. | 0.93% | 639,433 | $156.9M | Add +6.8% |
| LLY Eli Lilly & Co. | 0.88% | 180,190 | $148.8M | Add +7.5% |
| V Visa Inc. Class A | 0.82% | 394,111 | $138.1M | Add +7.3% |
| XOM Exxon Mobil Corp. | 0.70% | 995,475 | $118.4M | Add +6.5% |
| WMB Williams Cos Inc. | 0.70% | 1,978,692 | $118.2M | Reduce -2.3% |
| AEP American Electric Power | 0.66% | 1,017,095 | $111.1M | Add +1.7% |
| UNH Unitedhealth Group Inc. | 0.65% | 210,457 | $110.2M | Add +7.5% |
| MA Mastercard Inc. Class A | 0.60% | 186,243 | $102.1M | Add +6.9% |
| OKE Oneok Inc. | 0.59% | 1,008,034 | $100.0M | Add +3.8% |
| COST Costco Wholesale Corp. | 0.57% | 101,514 | $96.0M | Add +7.8% |
| PG The Procter & Gamble Co. | 0.54% | 536,237 | $91.4M | Add +7.1% |
| JNJ Johnson & Johnson | 0.54% | 550,591 | $91.3M | Add +7.5% |
| NFLX Netflix Inc. | 0.54% | 97,823 | $91.2M | Add +7.6% |
| KMI Kinder Morgan Inc. | 0.53% | 3,149,871 | $89.9M | Reduce -2.3% |
| D Dominion Energy Inc. | 0.53% | 1,600,001 | $89.7M | Add +0.7% |
| EXC Exelon Corp. | 0.52% | 1,910,720 | $88.0M | Add +0.7% |
| WMT Walmart Inc. | 0.51% | 992,051 | $87.1M | Add +7.5% |
| SRE Sempra | 0.51% | 1,209,164 | $86.3M | Add +0.7% |
| CSX CSX Corp. | 0.50% | 2,874,642 | $84.6M | Add +5.6% |
| ABBV Abbvie Inc. | 0.50% | 403,714 | $84.6M | Add +7.4% |
| HD Home Depot Inc. | 0.49% | 227,169 | $83.3M | Add +7.6% |
| NSC Norfolk Southern Corp. | 0.47% | 337,106 | $79.8M | Add +19.2% |
| LNG Cheniere Energy Inc. | 0.46% | 339,111 | $78.5M | Reduce -3.0% |
| PEG Public Service Enterprise GP | 0.46% | 951,633 | $78.3M | Add +0.7% |
| XEL Xcel Energy Inc. | 0.46% | 1,096,918 | $77.7M | Add +0.7% |
| CCI Crown Castle Inc. | 0.43% | 706,616 | $73.7M | Reduce -2.3% |
| ED Consolidated Edison Inc. | 0.43% | 661,010 | $73.1M | Add +0.7% |
| PCG P G & E Corp. | 0.42% | 4,169,592 | $71.6M | Add +2.7% |
| TRGP Targa Resources Corp. | 0.42% | 352,008 | $70.6M | Reduce -2.3% |
| ETR Entergy Corp. | 0.41% | 814,249 | $69.6M | Add +0.7% |
| WEC WEC Energy Group Inc. | 0.39% | 603,939 | $65.8M | Add +0.8% |
| CVX Chevron Corp. | 0.38% | 382,204 | $63.9M | Add +7.5% |
| KO The Coca-Cola Co. | 0.37% | 885,431 | $63.4M | Add +7.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 1,514,240 | $63.2M | Add +6.7% |
| CRM Salesforce Inc. | 0.35% | 218,854 | $58.7M | Add +7.7% |
| PLD Prologis Inc. | 0.34% | 512,544 | $57.3M | Add +3.0% |
| PM Philip Morris International | 0.33% | 355,576 | $56.4M | Add +7.5% |
| CSCO Cisco Systems Inc. | 0.33% | 910,806 | $56.2M | Add +7.5% |
| AWK American Water Works Co. Inc. | 0.32% | 372,197 | $54.9M | Add +0.7% |
| WFC Wells Fargo & Co. | 0.32% | 752,129 | $54.0M | Add +6.2% |
| ABT Abbott Laboratories | 0.31% | 396,648 | $52.6M | Add +7.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 211,454 | $52.6M | Add +7.5% |
| WELL Welltower Inc. | 0.31% | 339,781 | $52.1M | Add +4.1% |
| MRK Merck & Co. Inc. | 0.31% | 578,495 | $51.9M | Add +7.5% |
| ORCL Oracle Corp. | 0.31% | 370,984 | $51.9M | Add +8.6% |
| MCD McDonald's Corp. | 0.30% | 163,882 | $51.2M | Add +7.5% |
| AEE Ameren Corporation | 0.30% | 508,651 | $51.1M | Add +0.9% |
| PPL PPL Corp. | 0.30% | 1,409,382 | $50.9M | Add +0.7% |
| LIN Linde PLC | 0.30% | 108,891 | $50.7M | Add +7.5% |
| MELI MercadoLibre Inc. | 0.29% | 25,516 | $49.8M | Reduce -6.0% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 245,448 | $49.1M | Add +6.7% |
| PEP Pepsico Inc. | 0.28% | 313,644 | $47.0M | Add +7.5% |
| T AT&T Inc. | 0.27% | 1,641,558 | $46.4M | Add +7.6% |
| ATO Atmos Energy Corp. | 0.27% | 296,325 | $45.8M | Add +1.0% |
| CNP Centerpoint Energy Inc. | 0.26% | 1,233,047 | $44.7M | Add +0.7% |
| ACN Accenture PLC Class A | 0.26% | 143,039 | $44.6M | Add +7.7% |
| FE Firstenergy Corp. | 0.26% | 1,084,392 | $43.8M | Add +0.7% |
| EQIX Equinix Inc. | 0.26% | 53,611 | $43.7M | Add +3.3% |
| VZ Verizon Communications Inc. | 0.26% | 962,705 | $43.7M | Add +7.5% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 87,473 | $43.5M | Add +7.5% |
| ES Eversource Energy | 0.26% | 700,195 | $43.5M | Add +3.0% |
| EIX Edison International | 0.25% | 727,563 | $42.9M | Add +0.8% |
| CMS CMS Energy Corp. | 0.25% | 568,245 | $42.7M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 413,418 | $40.8M | Add +7.4% |
| ISRG Intuitive Surgical Inc. | 0.24% | 81,563 | $40.4M | Add +7.7% |
| RTX RTX Corp. | 0.24% | 304,639 | $40.4M | Add +7.6% |
| SE Sea Ltd.-ADR | 0.24% | 305,353 | $39.8M | Add +0.8% |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 468,766 | $39.6M | Add +7.5% |
| INTU Intuit Inc. | 0.23% | 64,013 | $39.3M | Add +7.4% |
| GS Goldman Sachs Group Inc. | 0.23% | 71,359 | $39.0M | Add +6.9% |
| QCOM Qualcomm Inc. | 0.23% | 252,928 | $38.9M | Add +7.1% |
| SBAC SBA Communications Corp. | 0.23% | 174,460 | $38.4M | Reduce -2.3% |
| AMGN Amgen Inc. | 0.23% | 122,852 | $38.3M | Add +7.5% |
| ADBE Adobe Inc. | 0.23% | 99,550 | $38.2M | Add +6.4% |
| AMD Advanced Micro Devices | 0.22% | 370,581 | $38.1M | Add +7.4% |
| PGR Progressive Corp. | 0.22% | 133,968 | $37.9M | Add +7.5% |
| NOW ServiceNow Inc. | 0.22% | 47,110 | $37.5M | Add +7.5% |
| TXN Texas Instruments Inc. | 0.22% | 208,181 | $37.4M | Add +7.3% |
| SPGI S&P Global Inc. | 0.22% | 72,036 | $36.6M | Add +6.7% |
| CAT Caterpillar Inc. | 0.21% | 109,297 | $36.0M | Add +6.5% |
| NI Nisource Inc. | 0.21% | 891,998 | $35.8M | Add +0.8% |
Other holdings (7): bonds, preferreds, convertibles and warrants · $250K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 500,000 | $126K | New |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 178,710 | $41K | New |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 100,000 | $26K | New |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 125,000 | $21K | New |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 171,252 | $13K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 16,336 | $12K | New |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 69,600 | $12K | New |
Total filed on the 13F, all lines: $16.9B.
Portfolio Sells Q4 2024 → Q1 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -33.2% | 0.95% | −0.56 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -60.1% | 0.17% | −0.24 |
| GLOB Globant SA | Reduce -7.0% | 0.08% | −0.08 |
| IGF iShares Global Infrastructur | Reduce -49.9% | 0.07% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -56.7% | 0.03% | −0.06 |
| DFS Discover Financial Services | Reduce -44.0% | 0.06% | −0.05 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.04 |
| EXACT SCIENCES CORP (EXAS 1 01/15/25) | Sold out | 0.00% | −0.04 |
| HCP Hashicorp Inc. Class A | Sold out | 0.00% | −0.03 |
| GDYN Grid Dynamics Holdings Inc. | Reduce -93.5% | 0.00% | −0.03 |
| NVMI Nova Ltd. | Reduce -45.9% | 0.03% | −0.03 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.03 |
| EWC iShares MSCI Canada ETF | Reduce -54.2% | 0.02% | −0.03 |
| CYBR Cyberark Software Ltd./Israel | Reduce -55.9% | 0.02% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -2.3% | 0.53% | −0.02 |
| UNITY SOFTWARE INC (U 0 11/15/26) | Reduce -66.2% | 0.01% | −0.02 |
| GM General Motors Co. | Reduce -2.7% | 0.06% | −0.01 |
| ROIC Retail Opportunity Investmen | Sold out | 0.00% | −0.01 |
| CAMT Camtek Ltd. | Reduce -1.8% | 0.02% | −0.01 |
| BALY Bally's Corp. | Sold out | 0.00% | −0.01 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.01 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.01 |
| CCOI Cogent Communications Holdin | Reduce -1.8% | 0.03% | −0.01 |
| BARNES GROUP INC | Sold out | 0.00% | −0.01 |
| CLBT Cellebrite Di Ltd. | Reduce -16.9% | 0.02% | −0.01 |
| IPG Interpublic Group of Cos Inc. | Reduce -30.6% | 0.01% | −0.01 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.01 |
| SRDX Surmodics Inc. | Sold out | 0.00% | −0.01 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.01 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.01 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −0.01 |
| IRDM Iridium Communications Inc. | Reduce -2.8% | 0.03% | −0.00 |
| LNG Cheniere Energy Inc. | Reduce -3.0% | 0.46% | −0.00 |
| VNDA Vanda Pharmaceuticals Inc. | Sold out | 0.00% | −0.00 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.00 |
| FN Fabrinet | Reduce -5.0% | 0.02% | −0.00 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.00 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.00 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.00 |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | Sold out | 0.00% | −0.00 |
| NWS News Corp. Class B | Sold out | 0.00% | −0.00 |
| DAC Danaos Corp. | Reduce -33.8% | 0.00% | −0.00 |
| SHCO Soho House & Co. Inc. | Reduce -46.1% | 0.00% | −0.00 |
| CDMO Avid Bioservices Inc. | Sold out | 0.00% | −0.00 |
| ALGT Allegiant Travel Co. | Sold out | 0.00% | −0.00 |
| NEXN Nexxen International Ltd. | Sold out | 0.00% | −0.00 |
| WEX Wex Inc. | Reduce -5.0% | 0.01% | −0.00 |
| RINGCENTRAL INC (RNG 0 03/01/25) | Sold out | 0.00% | −0.00 |
| TTEC Ttec Holdings Inc. | Sold out | 0.00% | −0.00 |
| DOLE Dole PLC | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| AGG iShares Core U.S. Aggregate | Add +180.6% | 2.31% | +1.46 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +140.8% | 1.76% | +0.95 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.5% | 1.32% | +0.22 |
| V Visa Inc. Class A | Add +7.3% | 0.82% | +0.09 |
| PM Philip Morris International | Add +7.5% | 0.33% | +0.09 |
| ABBV Abbvie Inc. | Add +7.4% | 0.50% | +0.08 |
| DASH DoorDash Inc. Class A | New | 0.08% | +0.08 |
| AEP American Electric Power | Add +1.7% | 0.66% | +0.08 |
| DUK Duke Energy Corp. | Add +0.8% | 1.06% | +0.08 |
| JNJ Johnson & Johnson | Add +7.5% | 0.54% | +0.08 |
| EXC Exelon Corp. | Add +0.7% | 0.52% | +0.08 |
| LLY Eli Lilly & Co. | Add +7.5% | 0.88% | +0.07 |
| XOM Exxon Mobil Corp. | Add +6.5% | 0.70% | +0.07 |
| SO The Southern Co. | Add +0.7% | 1.13% | +0.07 |
| ED Consolidated Edison Inc. | Add +0.7% | 0.43% | +0.07 |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | Add +4232.0% | 0.06% | +0.06 |
| NSC Norfolk Southern Corp. | Add +19.2% | 0.47% | +0.06 |
| T AT&T Inc. | Add +7.6% | 0.27% | +0.06 |
| COF Capital One Financial Corp. | Add +180.2% | 0.09% | +0.06 |
| CVX Chevron Corp. | Add +7.5% | 0.38% | +0.06 |
| KO The Coca-Cola Co. | Add +7.4% | 0.37% | +0.06 |
| NEE Nextera Energy Inc. | Add +10.2% | 1.60% | +0.05 |
| WELL Welltower Inc. | Add +4.1% | 0.31% | +0.05 |
| GE General Electric | Add +6.7% | 0.29% | +0.05 |
| ABT Abbott Laboratories | Add +7.5% | 0.31% | +0.05 |
| SRAD Sportradar Group AG-A | Add +333.6% | 0.06% | +0.05 |
| UNP Union Pacific Corp. | Add +5.6% | 1.27% | +0.05 |
| NICE LTD (NICEIT 0 09/15/25) | Add +2761.1% | 0.04% | +0.04 |
| TME Tencent Music Entertainm-ADR | Add +37.6% | 0.11% | +0.04 |
| IBM Intl Business Machines Corp. | Add +7.5% | 0.31% | +0.04 |
| AMGN Amgen Inc. | Add +7.5% | 0.23% | +0.04 |
| CVS CVS Health Corp. | Add +7.8% | 0.12% | +0.04 |
| PGR Progressive Corp. | Add +7.5% | 0.22% | +0.04 |
| AWK American Water Works Co. Inc. | Add +0.7% | 0.32% | +0.04 |
| WEC WEC Energy Group Inc. | Add +0.8% | 0.39% | +0.04 |
| UBER Uber Technologies Inc. | Add +6.7% | 0.21% | +0.04 |
| GILD Gilead Sciences Inc. | Add +7.5% | 0.19% | +0.04 |
| LIN Linde PLC | Add +7.5% | 0.30% | +0.04 |
| SE Sea Ltd.-ADR | Add +0.8% | 0.24% | +0.04 |
| VZ Verizon Communications Inc. | Add +7.5% | 0.26% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +7.5% | 0.65% | +0.03 |
| NFLX Netflix Inc. | Add +7.6% | 0.54% | +0.03 |
| RTX RTX Corp. | Add +7.6% | 0.24% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +22.6% | 0.18% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +6.8% | 0.93% | +0.03 |
| MA Mastercard Inc. Class A | Add +6.9% | 0.60% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +7.2% | 0.17% | +0.03 |
| TMUS T-Mobile US Inc. | Add +5.8% | 0.17% | +0.03 |
| LPBB Launch Two Acquisition Class A | New | 0.03% | +0.03 |
| JACS Jackson Acquisition Co. Class A | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | New | 500,000 | $126K |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | New | 178,710 | $41K |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | New | 100,000 | $26K |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | New | 125,000 | $21K |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | New | 16,336 | $12K |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | New | 69,600 | $12K |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | Sold out | 164,690 | $11Kbefore exit |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | Sold out | 72,894 | $8Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,644 | $20.6B | NVDA, AAPL, MSFT, AMZN, IEMG |
| Q1 2026 | 1,678 | $19.6B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,670 | $19.7B | NVDA, AAPL, MSFT, RSP, AMZN |
| Q3 2025 | 1,663 | $19.9B | NVDA, MSFT, AAPL, RSP, AMZN |
| Q2 2025 | 1,633 | $18.9B | NVDA, MSFT, AAPL, AMZN, AGG |
| Q1 2025 | 1,613 | $16.9B | AAPL, MSFT, NVDA, AMZN, AGG |
| Q4 2024 | 1,604 | $16.1B | AAPL, NVDA, MSFT, AMZN, EMB |
| Q3 2024 | 1,582 | $15.8B | AAPL, MSFT, NVDA, AMZN, EMB |
| Q2 2024 | 1,550 | $15.1B | MSFT, NVDA, AAPL, AGG, AMZN |
| Q1 2024 | 1,535 | $14.6B | MSFT, AGG, AAPL, NVDA, AMZN |