Filed: 2/12/2026ACC: 0000919079-26-000003
📋 What this filing means
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM filed this quarterly 13F‑HR report disclosing 1086 equity positions with a total reported market value of $174.90B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1086
Positions
$174.90B
Total AUM (reported)
1.11B
Total Shares
Allocation by class
COM$118.42B67.7%
S&P 500 ETF SHS$19.81B11.3%
CL A$9.85B5.6%
COM NEW$4.88B2.8%
CAP STK CL A$4.81B2.8%
CAP STK CL C$3.87B2.2%
COM CL A$2.43B1.4%
Portfolio Concentration
Top 3$44.27B25.3%
4–10$34.11B19.5%
11–25$19.21B11.0%
Rest$77.31B44.2%
Top 3 weight
25.3%
Top 10 weight
44.8%
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)
Sole1086
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1086
Rows:
VANGUARD INDEX FDS
SOLEShares31.59M
TypeSH
Market value$19.81B
11.33%
Sole
31.59M
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares76.38M
TypeSH
Market value$14.24B
8.14%
Sole
76.38M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares21.12M
TypeSH
Market value$10.22B
5.84%
Sole
21.12M
Shared
0.00
None
0.00
APPLE INC
SOLEShares36.38M
TypeSH
Market value$9.89B
5.65%
Sole
36.38M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares15.38M
TypeSH
Market value$4.81B
2.75%
Sole
15.38M
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares13.62M
TypeSH
Market value$4.71B
2.69%
Sole
13.62M
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares20.05M
TypeSH
Market value$4.63B
2.65%
Sole
20.05M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares12.34M
TypeSH
Market value$3.87B
2.21%
Sole
12.34M
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares5.82M
TypeSH
Market value$3.84B
2.20%
Sole
5.82M
Shared
0.00
None
0.00
TESLA INC
SOLEShares5.23M
TypeSH
Market value$2.35B
1.35%
Sole
5.23M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares6.76M
TypeSH
Market value$2.18B
1.25%
Sole
6.76M
Shared
0.00
None
0.00
J P MORGAN EXCHANGE TRADED F
SOLEShares39.90M
TypeSH
Market value$2.02B
1.15%
Sole
39.90M
Shared
0.00
None
0.00
ELI LILLY & CO
SOLEShares1.85M
TypeSH
Market value$1.99B
1.14%
Sole
1.85M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares3.39M
TypeSH
Market value$1.71B
0.97%
Sole
3.39M
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares7.44M
TypeSH
Market value$1.54B
0.88%
Sole
7.44M
Shared
0.00
None
0.00
VISA INC
SOLEShares3.32M
TypeSH
Market value$1.16B
0.67%
Sole
3.32M
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares19.61M
TypeSH
Market value$1.08B
0.62%
Sole
19.61M
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares1.84M
TypeSH
Market value$1.05B
0.60%
Sole
1.84M
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares4.20M
TypeSH
Market value$959.34M
0.55%
Sole
4.20M
Shared
0.00
None
0.00
WALMART INC
SOLEShares8.61M
TypeSH
Market value$958.76M
0.55%
Sole
8.61M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
SOLEShares1.11M
TypeSH
Market value$957.36M
0.55%
Sole
1.11M
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares7.95M
TypeSH
Market value$956.79M
0.55%
Sole
7.95M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares8.57M
TypeSH
Market value$901.91M
0.52%
Sole
8.57M
Shared
0.00
None
0.00
CISCO SYS INC
SOLEShares11.56M
TypeSH
Market value$890.58M
0.51%
Sole
11.56M
Shared
0.00
None
0.00
INTERNATIONAL BUSINESS MACHS
SOLEShares2.89M
TypeSH
Market value$855.69M
0.49%
Sole
2.89M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 31.59M | SH | $19.81B 11.33% | 31.59M | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 76.38M | SH | $14.24B 8.14% | 76.38M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 21.12M | SH | $10.22B 5.84% | 21.12M | 0.00 | 0.00 |
APPLE INCSOLE | COM | 36.38M | SH | $9.89B 5.65% | 36.38M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 15.38M | SH | $4.81B 2.75% | 15.38M | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 13.62M | SH | $4.71B 2.69% | 13.62M | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 20.05M | SH | $4.63B 2.65% | 20.05M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 12.34M | SH | $3.87B 2.21% | 12.34M | 0.00 | 0.00 |
META PLATFORMS INCSOLE | CL A | 5.82M | SH | $3.84B 2.20% | 5.82M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 5.23M | SH | $2.35B 1.35% | 5.23M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 6.76M | SH | $2.18B 1.25% | 6.76M | 0.00 | 0.00 |
J P MORGAN EXCHANGE TRADED FSOLE | ACTIVE HIGH YIEL | 39.90M | SH | $2.02B 1.15% | 39.90M | 0.00 | 0.00 |
ELI LILLY & COSOLE | COM | 1.85M | SH | $1.99B 1.14% | 1.85M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 3.39M | SH | $1.71B 0.97% | 3.39M | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COM | 7.44M | SH | $1.54B 0.88% | 7.44M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 3.32M | SH | $1.16B 0.67% | 3.32M | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 19.61M | SH | $1.08B 0.62% | 19.61M | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 1.84M | SH | $1.05B 0.60% | 1.84M | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 4.20M | SH | $959.34M 0.55% | 4.20M | 0.00 | 0.00 |
WALMART INCSOLE | COM | 8.61M | SH | $958.76M 0.55% | 8.61M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWSOLE | COM | 1.11M | SH | $957.36M 0.55% | 1.11M | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COM | 7.95M | SH | $956.79M 0.55% | 7.95M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 8.57M | SH | $901.91M 0.52% | 8.57M | 0.00 | 0.00 |
CISCO SYS INCSOLE | COM | 11.56M | SH | $890.58M 0.51% | 11.56M | 0.00 | 0.00 |
INTERNATIONAL BUSINESS MACHSSOLE | COM | 2.89M | SH | $855.69M 0.49% | 2.89M | 0.00 | 0.00 |
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