Filed: 11/14/2025ACC: 0000919079-25-000012
📋 What this filing means
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 1089 equity positions with a total reported market value of $167.04B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1089
Positions
$167.04B
Total AUM (reported)
1.11B
Total Shares
Allocation by class
COM$115.28B69.0%
S&P 500 ETF SHS$15.90B9.5%
CL A$10.69B6.4%
COM NEW$4.56B2.7%
CAP STK CL A$3.42B2.0%
CAP STK CL C$2.76B1.7%
COM CL A$2.52B1.5%
Portfolio Concentration
Top 3$38.27B22.9%
4–10$29.89B17.9%
11–25$18.97B11.4%
Rest$79.91B47.8%
Top 3 weight
22.9%
Top 10 weight
40.8%
Voting Authority Distribution
Total shares with voting rights: 1.11B
Sole
Full voting authority
1.11B
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole1089
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1089
Rows:
VANGUARD INDEX FDS
SOLEShares25.96M
TypeSH
Market value$15.90B
9.52%
Sole
25.96M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares66.06M
TypeSH
Market value$12.33B
7.38%
Sole
66.06M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares19.39M
TypeSH
Market value$10.04B
6.01%
Sole
19.39M
Shared
0.00
None
0.00
APPLE INC
SOLEShares35.30M
TypeSH
Market value$8.99B
5.38%
Sole
35.30M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares5.93M
TypeSH
Market value$4.35B
2.61%
Sole
5.93M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares19.25M
TypeSH
Market value$4.23B
2.53%
Sole
19.25M
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares11.60M
TypeSH
Market value$3.83B
2.29%
Sole
11.60M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares14.08M
TypeSH
Market value$3.42B
2.05%
Sole
14.08M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares11.34M
TypeSH
Market value$2.76B
1.65%
Sole
11.34M
Shared
0.00
None
0.00
TESLA INC
SOLEShares5.21M
TypeSH
Market value$2.32B
1.39%
Sole
5.21M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares6.62M
TypeSH
Market value$2.09B
1.25%
Sole
6.62M
Shared
0.00
None
0.00
J P MORGAN EXCHANGE TRADED F
SOLEShares39.90M
TypeSH
Market value$2.04B
1.22%
Sole
39.90M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares3.63M
TypeSH
Market value$1.83B
1.09%
Sole
3.63M
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares1.93M
TypeSH
Market value$1.47B
0.88%
Sole
1.93M
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares7.68M
TypeSH
Market value$1.42B
0.85%
Sole
7.68M
Shared
0.00
None
0.00
VISA INC
SOLEShares3.54M
TypeSH
Market value$1.21B
0.72%
Sole
3.54M
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares4.96M
TypeSH
Market value$1.15B
0.69%
Sole
4.96M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares1.16M
TypeSH
Market value$1.07B
0.64%
Sole
1.16M
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares1.87M
TypeSH
Market value$1.06B
0.64%
Sole
1.87M
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares19.28M
TypeSH
Market value$994.67M
0.60%
Sole
19.28M
Shared
0.00
None
0.00
WALMART INC
SOLEShares9.46M
TypeSH
Market value$974.99M
0.58%
Sole
9.46M
Shared
0.00
None
0.00
INTERNATIONAL BUSINESS MACHS
SOLEShares3.33M
TypeSH
Market value$938.80M
0.56%
Sole
3.33M
Shared
0.00
None
0.00
NETFLIX INC
SOLEShares783.03K
TypeSH
Market value$938.79M
0.56%
Sole
783.03K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares8.27M
TypeSH
Market value$932.98M
0.56%
Sole
8.27M
Shared
0.00
None
0.00
CISCO SYS INC
SOLEShares12.44M
TypeSH
Market value$851.16M
0.51%
Sole
12.44M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 25.96M | SH | $15.90B 9.52% | 25.96M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 66.06M | SH | $12.33B 7.38% | 66.06M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 19.39M | SH | $10.04B 6.01% | 19.39M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 35.30M | SH | $8.99B 5.38% | 35.30M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 5.93M | SH | $4.35B 2.61% | 5.93M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 19.25M | SH | $4.23B 2.53% | 19.25M | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 11.60M | SH | $3.83B 2.29% | 11.60M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 14.08M | SH | $3.42B 2.05% | 14.08M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 11.34M | SH | $2.76B 1.65% | 11.34M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 5.21M | SH | $2.32B 1.39% | 5.21M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 6.62M | SH | $2.09B 1.25% | 6.62M | 0.00 | 0.00 |
J P MORGAN EXCHANGE TRADED FSOLE | ACTIVE HIGH YIEL | 39.90M | SH | $2.04B 1.22% | 39.90M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 3.63M | SH | $1.83B 1.09% | 3.63M | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 1.93M | SH | $1.47B 0.88% | 1.93M | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COM | 7.68M | SH | $1.42B 0.85% | 7.68M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 3.54M | SH | $1.21B 0.72% | 3.54M | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 4.96M | SH | $1.15B 0.69% | 4.96M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 1.16M | SH | $1.07B 0.64% | 1.16M | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 1.87M | SH | $1.06B 0.64% | 1.87M | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 19.28M | SH | $994.67M 0.60% | 19.28M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 9.46M | SH | $974.99M 0.58% | 9.46M | 0.00 | 0.00 |
INTERNATIONAL BUSINESS MACHSSOLE | COM | 3.33M | SH | $938.80M 0.56% | 3.33M | 0.00 | 0.00 |
NETFLIX INCSOLE | COM | 783.03K | SH | $938.79M 0.56% | 783.03K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 8.27M | SH | $932.98M 0.56% | 8.27M | 0.00 | 0.00 |
CISCO SYS INCSOLE | COM | 12.44M | SH | $851.16M 0.51% | 12.44M | 0.00 | 0.00 |
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