§ 13F · FUND PROFILE
California Public Employees Retirement System.
AUM · $177.4B (13F)Positions · 1061Turnover · 100% · Q2Filed · Aug 14, 2026
CONCENTRATION
43%
Top 10 holdings
NEW BUYS
+7
+$452M deployed
EXITS
0
No exits
SECTOR SHIFT
n/a
No prior quarter data
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | VOO | VANGUARD INDEX FDS | 30.71M | $21.1B | 11.9% | −9% |
| 2 | IVV | ISHARES TR | 15.18M | $11.4B | 6.4% | +1098% |
| 3 | NVDA | NVIDIA CORPORATION | 46.07M | $9.2B | 5.2% | −33% |
| 4 | AAPL | APPLE INC | 29.64M | $8.6B | 4.8% | −21% |
| 5 | MSFT | MICROSOFT CORP | 15.80M | $5.9B | 3.3% | −28% |
| 6 | AVGO | BROADCOM INC | 12.48M | $4.7B | 2.7% | −6% |
| 7 | AMZN | AMAZON COM INC | 18.70M | $4.5B | 2.5% | −14% |
| 8 | GOOGL | ALPHABET INC | 12.08M | $4.3B | 2.4% | −17% |
| 9 | GOOG | ALPHABET INC | 9.36M | $3.3B | 1.9% | −9% |
| 10 | MU | MICRON TECHNOLOGY INC | 2.53M | $2.9B | 1.6% | −21% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other34.5%
Semiconductors15.9%
Technology12.9%
Media6.8%
Retail5.4%
Financial Services4.0%
§ 03 · THE CALIFORNIA SIGNAL
AC read
California Public Employees Retirement System is a Income / Defensive fund managing $177.4 billion in assets. The fund runs a massive portfolio of 1,061 positions, broad diversification across holdings, with the top 10 accounting for 43%. Trading activity is aggressive at 100% quarterly turnover, with 7 new positions and 0 exits last quarter. Top sector allocations: Other (35%), Semiconductors (16%), Technology (13%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+7 buys · −0 exits · 1051 changed