SEC 13F Intelligence

Managers / Q4 2025 · view latest →

PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO

CIK 0000315297 · 1301 PENNSYLVANIA STREET, DENVER, CO, 80203 · 3038329550

Reported Value
$27M
Q4 2025
Positions
1,866
Filings on Record
32
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Public Employees Retirement Association Of Colorado reported $27M in U.S.-listed holdings across 1,866 positions for Q4 2025.

Its largest position, NVDA, represents 8.1% of the portfolio.

Compared with Q3 2025, the fund opened 29 new positions and exited 50.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+42.9%
share of reported value
Largest Position
+8.1%
Nvidia
New / Exited
29 / 50
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $13.9BQ4 ’18Q1 ’19: $15.7BQ2 ’19: $16.3BQ3 ’19: $16.4BQ4 ’19: $17.7BQ4 ’19Q1 ’20: $14.3BQ2 ’20: $17.5BQ3 ’20: $18.9BQ4 ’20: $20.6BQ4 ’20Q1 ’21: $21.4BQ2 ’21: $23.0BQ3 ’21: $22.7BQ4 ’21: $24.5BQ4 ’21Q1 ’22: $22.0BQ2 ’22: $18.2BQ3 ’22: $17.3BQ1 ’23: $19MQ1 ’23Q2 ’23: $21MQ3 ’23: $20MQ4 ’23: $22MQ1 ’24: $23MQ1 ’24Q2 ’24: $24MQ3 ’24: $25MQ4 ’24: $25MQ1 ’25: $23MQ1 ’25Q2 ’25: $26MQ3 ’25: $27MQ4 ’25: $27MQ1 ’26: $25MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.6%Other: 3.9%REIT: 1.4%ADR: 1.1%Tracking Stk: 0.0%Other: 0.0%
  • Common Stock · 93.6% · $25M
  • Other · 3.9% · $1M
  • REIT · 1.4% · $378,641
  • ADR · 1.1% · $293,743
  • Tracking Stk · 0.0% · $2,094
  • Other · 0.0% · $10

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEBIUS GROUP NVNEW+36.8K36.8K+$3,080$3,080
AMRIZE LTDNEW+45.0K45.0K+$2,434$2,434
RKTROCKET COS INCNEW+121.8K121.8K+$2,357$2,357
AMCOR PLC UNNEW+208.9K208.9K+$1,742$1,742
CRWVCOREWEAVE INCNEW+22.7K22.7K+$1,624$1,624
QQNITY ELECTRONICS INCNEW+19.5K19.5K+$1,588$1,588
SSBSOUTH STATNEW+8.5K8.5K+$799$799
SOLSSOLSTCE ADVNEW+14.9K14.9K+$726$726

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM8.08%$2M11.78M
2AAPLAPPLE INChistory →COM6.80%$2M6.80M
3MSFTMICROSOFT CORPhistory →COM6.52%$2M3.67M
4GOOGLALPHABET INC CL ACOM6.42%$2M5.58M
5AMZNAMAZON.COM INChistory →COM4.25%$1M5.00M
6METAMETA PLATFORMS INC - CL Ahistory →COM3.04%$826,7231.25M
7AVGOBROADCOM INChistory →COM2.77%$752,2112.17M
8JPMJPMORGAN CHASE & COhistory →COM2.20%$598,7441.86M
9VVISA INC CLASS Ahistory →COM1.81%$491,0471.40M
10WMTWALMART INChistory →COM1.72%$468,1764.20M
11LLYELI LILLY & COhistory →COM1.65%$448,783417.6K
12AXPAMERICAN EXPRESS COhistory →COM1.41%$384,1291.04M
13TSLATESLA INChistory →COM1.36%$369,066820.7K
14DWDMORGAN STANLEYhistory →COM1.31%$356,6742.01M
15COSTCOSTCO WHOLESALE CORPhistory →COM1.28%$348,056403.6K
164I1PHILIP MORRIS INTERNATIONAL INChistory →COM1.26%$341,7992.13M
17MAMASTERCARD INC - CLASS Ahistory →COM1.24%$336,479589.4K
18EXMOCEXXON MOBIL CORPORATIONhistory →COM1.22%$332,4842.76M
19CRMSALESFORCE.COM INCCOM0.90%$243,957920.9K
20TSMTAIWAN SEMICONDUCTOR SP ACOM0.84%$229,376754.8K
21MCKMCKESSON HBOC INCCOM0.81%$220,889269.3K
22GENERAL ELECTRIC COCOM0.81%$219,291711.9K
23RTXRAYTHEON TECHNOLOGIES CORPCOM0.80%$218,9131.19M
24WCNWASTE CONNECTIONS INCCOM0.79%$213,7511.22M
25NFLXNETFLIX INCCOM0.76%$206,6972.20M
26LINDE PLCCOM0.72%$195,186457.8K
27ABBVABBVIE INCCOM0.71%$192,267841.5K
28HDHOME DEPOT INCCOM0.66%$178,953520.1K
29APHAMPHENOL CORP CL ACOM0.65%$176,9141.31M
30ABTABBOTT LABORATORIESCOM0.64%$174,2931.39M
31BLKBLCKRCK INCCOM0.62%$167,485156.5K
32VRTXVERTEX PHARMACEUTICALS INCCOM0.55%$149,493329.7K
33EMREMERSON ELECTRIC COCOM0.52%$141,5161.07M
34PANWPALO ALTO NETWORKS INCCOM0.52%$141,118766.1K
35JOHNSON CONTROLS INTERNATIONAL PLCCOM0.51%$139,9291.17M
36TMOTHERMO FISHER SCIENTIFIC INCCOM0.51%$139,706241.1K
37MLB1MERCADOLIBRE INCCOM0.50%$135,22367.1K
38ORLYO'REILLY AUTOMOTIVE INCCOM0.49%$134,3171.47M
39EOGEOG RESOURCES INCCOM0.45%$122,4821.17M
40CRH PLCCOM0.44%$120,974969.3K
41SHWSHERWIN WILLIAMS COCOM0.44%$120,631372.3K
42KLACKLA CORPCOM0.43%$116,50395.9K
43GILDGILEAD SCIENCES INCCOM0.41%$111,546908.8K
44MUMICRON TECH INCCOM0.40%$109,491383.6K
45TXNTEXAS INSTRUMENTS INCCOM0.40%$107,769621.2K
46DHRDANAHER CORPCOM0.39%$107,333468.9K
47BSXBOSTON SCIENTIFIC CORPCOM0.38%$103,3171.08M
48UBERUBER TECHNOLOGIES INCCOM0.38%$103,2341.26M
49CHUBB LTDCOM0.38%$102,523328.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$25M1,848May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$27M1,866Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$27M1,887Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$26M1,886Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$23M1,906May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$25M1,925Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$25M1,944Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$24M1,916Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$23M1,907May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$22M1,913Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$20M1,930Nov 14, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2023$21M1,942Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$19M1,959May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review1,956Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$17.3B1,954Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$18.2B1,959Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$22.0B1,928May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$24.5B1,940Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$22.7B1,919Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$23.0B1,918Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$21.4B1,896May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$20.6B1,891Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$18.9B1,867Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$17.5B1,853Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$14.3B1,801May 27, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$17.7B1,827Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$16.4B1,847Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$16.3B1,881Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$15.7B1,821Apr 30, 201913F-HRchanges · EDGAR ↗
Q4 2018$13.9B1,876Feb 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.