SEC 13F Intelligence

Managers / Q2 2023 · view latest →

CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM

CIK 0000919079 · 400 Q ST, SUITE 4800, SACRAMENTO, CA, 95811 · 9167953400

Reported Value
$116.5B
Q2 2023
Positions
1,210
Filings on Record
31
2019–present window
Filed
Aug 9, 2023
original filing

Summary

California Public Employees Retirement System reported $116.5B in U.S.-listed holdings across 1,210 positions for Q2 2023.

Its largest position, AAPL, represents 6.1% of the portfolio.

Compared with Q1 2023, the fund opened 3 new positions and exited 8.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+23.7%
share of reported value
Largest Position
+6.1%
Apple
New / Exited
3 / 8
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: $71.3BQ4 ’18Q1 ’19: $81.2BQ2 ’19: $84.7BQ3 ’19: $100.7BQ4 ’19: $110.4BQ4 ’19Q1 ’20: $82.6BQ2 ’20: $101.4BQ3 ’20: $112.4BQ4 ’20: $129.7BQ4 ’20Q1 ’21: $131.4BQ2 ’21: $133.3BQ3 ’21: $134.0BQ4 ’21: $149.4BQ4 ’21Q1 ’22: $128.7BQ2 ’22: $106.9BQ3 ’22: $108.7BQ4 ’22: $117.3BQ4 ’22Q1 ’23: $112.7BQ2 ’23: $116.5BQ3 ’23: $116.2BQ4 ’23: $131.7BQ4 ’23Q1 ’24: $142.2BQ2 ’24: $136.3BQ3 ’24: $142.9BQ4 ’24: $149.5BQ4 ’24Q1 ’25: $143.1BQ2 ’25: $157.0BQ3 ’25: $167.0BQ4 ’25: $174.9BQ4 ’25Q1 ’26: $162.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 93.2%Other: 3.5%REIT: 2.8%ETP: 0.3%ADR: 0.2%Other: 0.0%
  • Common Stock · 93.2% · $108.5B
  • Other · 3.5% · $4.0B
  • REIT · 2.8% · $3.3B
  • ETP · 0.3% · $405M
  • ADR · 0.2% · $183M
  • Other · 0.0% · $42M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRCRANE COMPANYNEW+96.8K96.8K+$9M$9M
KNFKNIFE RIVER CORP COMMON STOCK ADDEDNEW+51.2K51.2K+$2M$2M
SINOVAC BIOTECH LTDNEW+68.7K68.7K+$0$0
NATIONAL INSTRUMENTS CORPADDED+507.9K754.2K+$30M$43M
NTAPNETAPP INCADDED+783.8K1.21M+$65M$92M
PNWPINNACLE WEST CAPITALADDED+392.5K615.3K+$32M$50M
TE CONNECTIVITY LTDADDED+1.11M1.74M+$162M$244M
TDCTERADATA CORPADDED+302.8K504.2K+$19M$27M

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

Holdings — Q2 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM6.14%$7.2B36.88M
2MSFTMICROSOFT CORPhistory →COM5.72%$6.7B19.58M
3GOOGLALPHABET INCCAP STK CL A ADDED · CAP STK CL C ADDED2.37%$2.8B22.95M
4AMZNAMAZON.COM INChistory →COM1.89%$2.2B16.87M
5NVDANVIDIA CORPhistory →COM1.57%$1.8B4.33M
6BRK/BBERKSHIRE HATHAWAY INChistory →CL B NEW1.55%$1.8B5.31M
7TSLATESLA MOTORS INChistory →COM1.51%$1.8B6.74M
8JNJJOHNSON JOHNSONhistory →COM1.46%$1.7B10.31M
9PEPPEPSICO INChistory →COM1.39%$1.6B8.73M
10LLYELI LILLY COhistory →COM1.23%$1.4B3.07M
11MRKMERCK CO. INC.history →COM1.21%$1.4B12.21M
12METAFACEBOOK INC Ahistory →CL A1.10%$1.3B4.48M
13PGPROCTER GAMBLE CO/THEhistory →COM1.05%$1.2B8.04M
14MCDMCDONALD S CORPhistory →COM1.04%$1.2B4.08M
15WMTWAL MART STORES INChistory →COM0.89%$1.0B6.59M
16JPMJPMORGAN CHASE COhistory →COM0.89%$1.0B7.12M
17UNHUNITEDHEALTH GROUP INChistory →COM0.87%$1.0B2.11M
18VVISA INChistory →CL A0.83%$966M4.07M
19HDHOME DEPOT INChistory →COM0.82%$954M3.07M
20ORCLORACLE CORPhistory →COM0.82%$952M7.99M
21BACVERIZON COMMUNICATIONS INChistory →COM0.79%$920M24.74M
22AVGOBROADCOM INChistory →COM ADDED0.77%$897M1.03M
23COSTCOSTCO WHOLESALE CORPhistory →COM0.76%$890M1.65M
24EXMOCEXXON MOBIL CORPhistory →COM0.73%$852M7.94M
25ABBVABBVIE INChistory →COM0.70%$818M6.07M
26TXNTEXAS INSTRUMENTS INChistory →COM0.69%$802M4.45M
27CSCOCISCO SYSTEMS INChistory →COM0.66%$767M14.82M
28KOCOCA COLA CO/THEhistory →COM0.63%$735M12.21M
29MAMASTERCARD INChistory →CL A0.63%$733M1.86M
30IBMINTL BUSINESS MACHINES CORPhistory →COM0.63%$733M5.47M
31PFEPFIZER INChistory →COM0.58%$670M18.28M
32BMYBRISTOL MYERS SQUIBB COhistory →COM0.56%$655M10.24M
33NEENEXTERA ENERGY INChistory →COM0.56%$654M8.82M
34GILDGILEAD SCIENCES INChistory →COM0.53%$612M7.95M
35MRSHMARSH MCLENNAN COShistory →COM0.52%$601M3.19M
36VRTXVERTEX PHARMACEUTICALS INChistory →COM0.44%$516M1.47M
37CHVCHEVRON CORPhistory →COM0.44%$512M3.26M
38TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.42%$489M936.3K
39AMGNAMGEN INChistory →COM0.42%$484M2.18M
40BACBANK OF AMERICA CORPhistory →COM0.41%$476M16.60M
41PGRPROGRESSIVE CORPhistory →COM0.41%$472M3.57M
42CMECME GROUP INChistory →COM0.40%$470M2.54M
43ABTABBOTT LABORATORIEShistory →COM0.40%$470M4.31M
44SOSOUTHERN CO/THEhistory →COM0.40%$467M6.65M
45BDXBECTON DICKINSON AND COhistory →COM0.39%$457M1.73M
46LMTLOCKHEED MARTIN CORPhistory →COM0.39%$454M987.1K
47ADPAUTOMATIC DATA PROCESSINGhistory →COM0.38%$448M2.04M
48TMUST-MOBILE US INChistory →COM0.38%$442M3.18M
49DISWALT DISNEY CO/THEhistory →COM DISNEY0.37%$435M4.87M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$162.5B1,064May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$174.9B1,086Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$167.0B1,089Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$157.0B1,114Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$143.1B1,118May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$149.5B1,142Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$142.9B1,146Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$136.3B1,167Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$142.2B1,169Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$131.7B1,187Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$116.2B1,190Nov 2, 202313F-HRchanges · EDGAR ↗
Q2 2023$116.5B1,210Aug 9, 202313F-HRchanges · EDGAR ↗
Q1 2023$112.7B1,215May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$117.3B1,217Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$108.7B1,222Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$106.9B1,221Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$128.7B1,227May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$149.4B1,237Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$134.0B1,239Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$133.3B1,529Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$131.4B3,528May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$129.7B3,563Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$112.4B3,559Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$101.4B3,507Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$82.6B3,381May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$110.4B3,436Jan 27, 202013F-HRchanges · EDGAR ↗
Q3 2019$100.7B3,259Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$84.7B3,264Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$81.2B3,210May 3, 201913F-HRchanges · EDGAR ↗
Q4 2018$71.3B3,252Feb 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 ↗.