Public Employees Retirement Association of Colorado
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Public Employees Retirement Association of Colorado reported 1,887 stock positions worth $27.2 billion. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Apple (AAPL, 6.5%). Compared with Q2 2025, it opened 45 new positions, sold out of 45, added to 67 and reduced 692. The biggest buy was Alphabet Class A (GOOGL, shares +2%) and the biggest sale Accenture (shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0000315297
- Portfolio Value
- $27.2B (Q3 2025)
- SEC Filing
- 0000315297-25-000015 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,887 stocks · $27.2B
| NVDA Nvidia Corp. | 8.33% | 12,151,224 | $2.3B | Reduce -1.6% |
| MSFT Microsoft Corp. | 6.95% | 3,653,091 | $1.9B | Add +0.4% |
| AAPL Apple Inc. | 6.49% | 6,937,787 | $1.8B | Reduce -3.8% |
| GOOGL Alphabet Inc. Class A | 4.59% | 5,133,038 | $1.2B | Add +1.6% |
| AMZN Amazon.com Inc. | 4.39% | 5,445,868 | $1.2B | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 3.44% | 1,274,906 | $936.3M | Reduce -1.5% |
| AVGO Broadcom Inc. | 2.52% | 2,076,701 | $685.1M | Add +41.4% |
| JPM JPMorgan Chase & Co. | 2.01% | 1,732,087 | $546.4M | Reduce -3.5% |
| V Visa Inc. Class A | 1.79% | 1,423,688 | $486.0M | Reduce -3.2% |
| WMT Walmart Inc. | 1.62% | 4,286,817 | $441.8M | Reduce 0.0% |
| ORCL Oracle Corp. | 1.54% | 1,486,873 | $418.2M | Reduce -23.0% |
| COST Costco Wholesale Corp. | 1.48% | 434,488 | $402.2M | Reduce -1.1% |
| TSLA Tesla Inc. | 1.38% | 846,588 | $376.5M | Reduce -1.8% |
| PM Philip Morris International | 1.29% | 2,171,563 | $352.2M | Add +32.5% |
| MA Mastercard Inc. Class A | 1.26% | 601,816 | $342.3M | Reduce -0.4% |
| AXP American Express Co. | 1.24% | 1,019,481 | $338.6M | Reduce -1.0% |
| BLK BlackRock Inc. | 1.21% | 282,589 | $329.5M | Reduce -9.2% |
| XOM Exxon Mobil Corp. | 1.17% | 2,832,944 | $319.4M | Reduce -1.5% |
| MS Morgan Stanley | 1.10% | 1,875,496 | $298.1M | Add +2.2% |
| LLY Eli Lilly & Co. | 1.02% | 364,413 | $278.0M | Reduce -1.4% |
| NFLX Netflix Inc. | 1.00% | 226,369 | $271.4M | Reduce -9.9% |
| GE General Electric filed as GE AEROSPACE | 0.98% | 883,843 | $265.9M | Reduce -1.7% |
| WCN Waste Connections Inc. | 0.84% | 1,306,163 | $229.6M | Reduce -0.9% |
| CRM Salesforce Inc. | 0.82% | 936,124 | $221.9M | Reduce -9.2% |
| LINDE PLC | 0.81% | 465,302 | $221.0M | Reduce -1.1% |
| HD Home Depot Inc. | 0.80% | 533,983 | $216.4M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.77% | 754,800 | $210.8M | No change |
| ABBV Abbvie Inc. | 0.73% | 863,351 | $199.9M | Reduce -1.8% |
| ICE Intercontinental Exchange Inc. | 0.71% | 1,148,033 | $193.4M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.69% | 1,391,630 | $186.4M | Reduce -0.3% |
| APH Amphenol Corp. Class A | 0.68% | 1,486,604 | $184.0M | Reduce -19.0% |
| EMR Emerson Electric Co. | 0.61% | 1,256,771 | $164.9M | Reduce -1.0% |
| Johnson Controls International | 0.60% | 1,497,150 | $164.6M | Add +49.4% |
| ORLY O'reilly Automotive Inc. | 0.60% | 1,520,412 | $163.9M | Reduce -1.8% |
| PANW Palo Alto Networks Inc. | 0.58% | 779,574 | $158.7M | Add +793.9% |
| MELI MercadoLibre Inc. | 0.58% | 67,147 | $156.9M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 0.56% | 630,879 | $153.7M | Reduce -2.9% |
| CHUBB LTD | 0.51% | 487,388 | $137.6M | Reduce -12.3% |
| Eaton Corp PLC | 0.50% | 359,937 | $134.7M | Reduce -1.7% |
| EOG EOG Resources Inc. | 0.49% | 1,189,537 | $133.4M | Reduce -1.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.48% | 336,091 | $131.6M | Reduce -14.4% |
| SHW The Sherwin-Williams Co. | 0.48% | 379,141 | $131.3M | Reduce -15.9% |
| BSX Boston Scientific Corp. | 0.46% | 1,281,239 | $125.1M | Reduce -1.8% |
| KLAC KLA Corp. | 0.45% | 113,623 | $122.6M | Reduce -29.8% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 247,908 | $120.2M | Reduce -9.7% |
| CRH CRH PLC-Sponsored ADR | 0.44% | 1,000,272 | $119.9M | Add +23.5% |
| MCK McKesson Corp. | 0.44% | 153,971 | $118.9M | Add +830.4% |
| TXN Texas Instruments Inc. | 0.43% | 638,953 | $117.4M | Reduce -8.0% |
| UNP Union Pacific Corp. | 0.39% | 450,666 | $106.5M | Add +476.9% |
| PLTR Palantir Technologies Inc. Class A | 0.38% | 561,338 | $102.4M | Add +98.9% |
| DHR Danaher Corp. | 0.34% | 469,054 | $93.0M | Reduce -0.4% |
| GD General Dynamics Corp. | 0.34% | 268,425 | $91.5M | Reduce -1.7% |
| MRVL Marvell Technology Inc. | 0.33% | 1,061,432 | $89.2M | Add +4.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 173,640 | $87.3M | Reduce -1.2% |
| MSCI MSCI Inc. | 0.32% | 152,608 | $86.6M | Reduce -0.1% |
| DDOG Datadog Inc. Class A | 0.31% | 585,984 | $83.4M | Reduce -0.1% |
| NSC Norfolk Southern Corp. | 0.30% | 272,365 | $81.8M | Reduce -35.5% |
| NXPI NXP Semiconductors NV | 0.29% | 341,365 | $77.7M | Reduce -41.6% |
| MAR Marriott International Class A | 0.27% | 282,651 | $73.6M | Reduce -1.9% |
| PLD Prologis Inc. | 0.24% | 576,635 | $66.0M | Reduce -0.4% |
| GWRE Guidewire Software Inc. | 0.21% | 254,025 | $58.4M | Add +94.4% |
| EQIX Equinix Inc. | 0.21% | 73,468 | $57.5M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.21% | 308,768 | $57.3M | Reduce -2.1% |
| FIX Comfort Systems USA Inc. | 0.19% | 63,050 | $52.0M | Reduce -4.1% |
| ALC Alcon Inc. filed as ALCON AG | 0.19% | 681,865 | $50.8M | Reduce -34.4% |
| CW Curtiss-Wright Corp. | 0.18% | 89,513 | $48.6M | Reduce -4.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 918,248 | $47.4M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 0.17% | 299,893 | $46.1M | Reduce -2.3% |
| HDB HDFC Bank Ltd.-ADR | 0.16% | 1,288,840 | $44.0M | No change |
| ESE Esco Technologies Inc. | 0.15% | 194,697 | $41.1M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.15% | 116,443 | $40.2M | Reduce -3.1% |
| CVX Chevron Corp. | 0.14% | 251,865 | $39.1M | Add +15.9% |
| RBC RBC Bearings Inc. | 0.14% | 99,957 | $39.0M | No change |
| CBRE CBRE Group Inc. Class A | 0.14% | 244,230 | $38.5M | Reduce -0.2% |
| USFD US Foods Holding Corp. | 0.13% | 478,069 | $36.6M | Reduce -0.0% |
| MPWR Monolithic Power Systems Inc. | 0.13% | 39,589 | $36.4M | Add +21.0% |
| TTWO Take-Two Interactive Softwre | 0.13% | 139,896 | $36.1M | Reduce -8.5% |
| VMC Vulcan Materials Co. | 0.13% | 117,418 | $36.1M | Reduce -1.2% |
| NVT Nvent Electric PLC | 0.13% | 358,915 | $35.4M | Reduce -0.8% |
| ARMK Aramark | 0.13% | 918,751 | $35.3M | Reduce -0.0% |
| ATO Atmos Energy Corp. | 0.13% | 204,494 | $34.9M | No change |
| CSCO Cisco Systems Inc. | 0.13% | 509,470 | $34.9M | Reduce -2.0% |
| KO The Coca-Cola Co. | 0.13% | 525,566 | $34.9M | Reduce -2.3% |
| WFC Wells Fargo & Co. | 0.13% | 413,383 | $34.6M | Reduce -3.4% |
| TDY Teledyne Technologies Inc. | 0.12% | 57,848 | $33.9M | Reduce -0.2% |
| LAMR Lamar Advertising Co. Class A | 0.12% | 276,428 | $33.8M | Add +9.0% |
| AMD Advanced Micro Devices | 0.12% | 208,672 | $33.8M | Reduce -2.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 119,509 | $33.7M | Reduce -2.3% |
| APG Api Group Corp. | 0.12% | 954,454 | $32.8M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.12% | 424,591 | $32.5M | No change |
| TRNO Terreno Realty Corp. | 0.12% | 571,064 | $32.4M | No change |
| LYV Live Nation Entertainment Inc. | 0.12% | 196,990 | $32.2M | Reduce -7.3% |
| JLL Jones Lang Lasalle Inc. | 0.12% | 106,386 | $31.7M | No change |
| BR Broadridge Financial Solutio | 0.12% | 131,851 | $31.4M | No change |
| GS Goldman Sachs Group Inc. | 0.12% | 39,421 | $31.4M | Reduce -3.2% |
| ROL Rollins Inc. | 0.11% | 514,210 | $30.2M | Reduce -0.1% |
| CMS CMS Energy Corp. | 0.11% | 411,937 | $30.2M | No change |
| HLI Houlihan Lokey Inc. | 0.11% | 146,251 | $30.0M | Reduce -12.9% |
| SSNC Ss&c Technologies Holdings | 0.11% | 330,772 | $29.4M | No change |
| NDAQ Nasdaq Inc. | 0.11% | 329,987 | $29.2M | Reduce -17.5% |
Portfolio Sells Q2 2025 → Q3 2025
| ACCENTURE PLC | Reduce -86.8% | 0.07% | −0.62 |
| GM General Motors Co. | Reduce -95.0% | 0.03% | −0.43 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 4.39% | −0.31 |
| NFLX Netflix Inc. | Reduce -9.9% | 1.00% | −0.30 |
| CTAS Cintas Corp. | Reduce -87.4% | 0.03% | −0.28 |
| CSL Carlisle Cos Inc. | Reduce -78.7% | 0.06% | −0.27 |
| CRM Salesforce Inc. | Reduce -9.2% | 0.82% | −0.27 |
| CMG Chipotle Mexican Grill Inc. | Reduce -86.7% | 0.02% | −0.26 |
| VRSK Verisk Analytics Inc. | Reduce -92.0% | 0.02% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 3.44% | −0.24 |
| V Visa Inc. Class A | Reduce -3.2% | 1.79% | −0.23 |
| NXPI NXP Semiconductors NV | Reduce -41.6% | 0.29% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 1.48% | −0.20 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -14.4% | 0.48% | −0.19 |
| ALC Alcon Inc. | Reduce -34.4% | 0.19% | −0.17 |
| TXN Texas Instruments Inc. | Reduce -8.0% | 0.43% | −0.13 |
| NSC Norfolk Southern Corp. | Reduce -35.5% | 0.30% | −0.12 |
| CHUBB LTD | Reduce -12.3% | 0.51% | −0.12 |
| SHW The Sherwin-Williams Co. | Reduce -15.9% | 0.48% | −0.11 |
| ICE Intercontinental Exchange Inc. | Reduce -1.0% | 0.71% | −0.11 |
| KLAC KLA Corp. | Reduce -29.8% | 0.45% | −0.11 |
| WCN Waste Connections Inc. | Reduce -0.9% | 0.84% | −0.11 |
| MELI MercadoLibre Inc. | Reduce -0.2% | 0.58% | −0.10 |
| PNFP Pinnacle Financial Partners | Reduce -96.5% | 0.00% | −0.09 |
| ORCL Oracle Corp. | Reduce -23.0% | 1.54% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 1.02% | −0.09 |
| BSX Boston Scientific Corp. | Reduce -1.8% | 0.46% | −0.08 |
| ITGR Integer Holdings Corp. | Reduce -49.8% | 0.05% | −0.07 |
| CHD Church & Dwight Co. Inc. | Reduce -90.1% | 0.01% | −0.07 |
| EOG EOG Resources Inc. | Reduce -1.0% | 0.49% | −0.06 |
| COO The Cooper Cos Inc. | Reduce -93.6% | 0.00% | −0.06 |
| RGA Reinsurance Group of America | Reduce -93.2% | 0.00% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -0.4% | 1.26% | −0.05 |
| MKTX Marketaxess Holdings Inc. | Reduce -93.8% | 0.00% | −0.05 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -35.4% | 0.05% | −0.05 |
| BRO Brown & Brown Inc. | Reduce -32.3% | 0.06% | −0.05 |
| BLK BlackRock Inc. | Reduce -9.2% | 1.21% | −0.05 |
| ABT Abbott Laboratories | Reduce -0.3% | 0.69% | −0.05 |
| EMR Emerson Electric Co. | Reduce -1.0% | 0.61% | −0.05 |
| BRKR Bruker Corp. | Reduce -96.6% | 0.00% | −0.05 |
| LXP LXP Industrial Trust | Reduce -97.4% | 0.00% | −0.04 |
| TW Tradeweb Markets Inc. Class A | Reduce -21.3% | 0.06% | −0.04 |
| LINDE PLC | Reduce -1.1% | 0.81% | −0.04 |
| NOVT Novanta Inc. | Reduce -22.3% | 0.05% | −0.04 |
| SPSC SPS Commerce Inc. | Reduce -94.1% | 0.00% | −0.04 |
| TRGP Targa Resources Corp. | Reduce -23.0% | 0.08% | −0.04 |
| JBSS John B. Sanfilippo & Son Inc. | Sold out | 0.00% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -7.8% | 0.09% | −0.03 |
| MAR Marriott International Class A | Reduce -1.9% | 0.27% | −0.03 |
| NDAQ Nasdaq Inc. | Reduce -17.5% | 0.11% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +1.6% | 4.59% | +1.15 |
| AVGO Broadcom Inc. | Add +41.4% | 2.52% | +0.96 |
| PANW Palo Alto Networks Inc. | Add +793.9% | 0.58% | +0.51 |
| MCK McKesson Corp. | Add +830.4% | 0.44% | +0.39 |
| UNP Union Pacific Corp. | Add +476.9% | 0.39% | +0.32 |
| PLTR Palantir Technologies Inc. Class A | Add +98.9% | 0.38% | +0.23 |
| Johnson Controls International | Add +49.4% | 0.60% | +0.20 |
| CRH CRH PLC-Sponsored ADR | Add +23.5% | 0.44% | +0.15 |
| PM Philip Morris International | Add +32.5% | 1.29% | +0.14 |
| MS Morgan Stanley | Add +2.2% | 1.10% | +0.10 |
| GWRE Guidewire Software Inc. | Add +94.4% | 0.21% | +0.10 |
| CAH Cardinal Health Inc. | Add +670.6% | 0.10% | +0.09 |
| MAIN Main Street Capital Corp. | New | 0.07% | +0.07 |
| FROG Jfrog Ltd. | Add +2930.3% | 0.06% | +0.06 |
| SNEX Stonex Group Inc. | Add +2214.3% | 0.06% | +0.06 |
| CSGP Costar Group Inc. | Add +422.4% | 0.07% | +0.05 |
| SEIC Sei Investments Company | Add +4204.8% | 0.06% | +0.05 |
| RHP Ryman Hospitality Properties | Add +2704.4% | 0.05% | +0.05 |
| HURN Huron Consulting Group Inc. | Add +3228.7% | 0.05% | +0.04 |
| MPWR Monolithic Power Systems Inc. | Add +21.0% | 0.13% | +0.04 |
| AIT Applied Industrial Tech Inc. | Add +47.8% | 0.11% | +0.04 |
| FNB FNB Corp. | Add +39.6% | 0.10% | +0.03 |
| ALLEGION PLC | Add +20.9% | 0.10% | +0.03 |
| MRVL Marvell Technology Inc. | Add +4.6% | 0.33% | +0.02 |
| CVX Chevron Corp. | Add +15.9% | 0.14% | +0.02 |
| HOOD Robinhood Markets Inc. Class A | Add +30.4% | 0.05% | +0.02 |
| PSN Parsons Corp. | Add +53.3% | 0.05% | +0.02 |
| PR Permian Resources Corp. Class A | Add +92.5% | 0.05% | +0.02 |
| ESI Element Solutions Inc. | Add +19.2% | 0.09% | +0.02 |
| PTC PTC Inc. | Add +13.0% | 0.08% | +0.02 |
| RBLX Roblox Corp. Class A | Add +37.4% | 0.04% | +0.02 |
| HUBB Hubbell Inc. | Add +23.7% | 0.08% | +0.02 |
| NTNX Nutanix Inc. Class A | Add +27.9% | 0.09% | +0.01 |
| AMSF Amerisafe Inc. | Add +23.2% | 0.06% | +0.01 |
| CFR Cullen/Frost Bankers Inc. | Add +18.1% | 0.09% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +30.3% | 0.04% | +0.01 |
| LAMR Lamar Advertising Co. Class A | Add +9.0% | 0.12% | +0.01 |
| BE Bloom Energy Corp. Class A | Add +42.3% | 0.01% | +0.01 |
| RDDT Reddit Inc. Class A | Add +61.4% | 0.01% | +0.00 |
| OKLO Oklo Inc. | New | 0.00% | +0.00 |
| SNPS Synopsys Inc. | Add +17.1% | 0.04% | +0.00 |
| HAYW Hayward Holdings Inc. | Add +1.7% | 0.05% | +0.00 |
| UBER Uber Technologies Inc. | Add +3.1% | 0.09% | +0.00 |
| CDE Coeur Mining Inc. | Add +27.5% | 0.00% | +0.00 |
| PRIM Primoris Services Corp. | New | 0.00% | +0.00 |
| L Loews Corp. | Add +100.8% | 0.00% | +0.00 |
| GLXY Galaxy Digital Inc. Class A | New | 0.00% | +0.00 |
| LEU Centrus Energy Corp. Class A | New | 0.00% | +0.00 |
| GTES Gates Industrial Corp. UK Ltd. | New | 0.00% | +0.00 |
| CORZ Core Scientific Inc. | Add +2858.4% | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,839 | $28.9B | NVDA, AAPL, GOOGL, MSFT, AMZN |
| Q1 2026 | 1,846 | $25.5B | NVDA, AAPL, GOOGL, MSFT, AMZN |
| Q4 2025 | 1,865 | $27.2B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q3 2025 | 1,887 | $27.2B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q2 2025 | 1,886 | $25.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,906 | $23.4B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q4 2024 | 1,925 | $25.2B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2024 | 1,941 | $25.2B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q2 2024 | 1,913 | $23.9B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 1,897 | $23.2B | MSFT, AAPL, NVDA, AMZN, GOOGL |