California Public Employees Retirement System

All holdings · as of Dec 31, 2025

Company	Class	Value ↓	Shares	% of portfolio
VANGUARD INDEX FDS	—	$19.81B	31,586,839	11.4%
NVIDIA Corp	—	$14.24B	76,375,762	8.2%
MICROSOFT CORP	—	$10.22B	21,124,113	5.9%
Apple Inc.	—	$9.89B	36,375,266	5.7%
Alphabet Inc.	—	$4.81B	15,378,439	2.8%
Broadcom Inc.	—	$4.71B	13,616,185	2.7%
Amazon.com Inc	—	$4.63B	20,049,877	2.7%
Alphabet Inc.	—	$3.87B	12,344,566	2.2%
Meta Platforms Inc	—	$3.84B	5,824,493	2.2%
Tesla Inc	—	$2.35B	5,231,555	1.4%
JPMORGAN CHASE & CO	—	$2.18B	6,761,319	1.3%
J P MORGAN EXCHANGE TRADED F	—	$2.02B	39,896,037	1.2%
ELI LILLY & Co	—	$1.99B	1,854,587	1.2%
JOHNSON & JOHNSON	—	$1.54B	7,439,241	0.9%
Visa Inc	—	$1.16B	3,319,433	0.7%
BANK OF AMERICA CORP /DE	—	$1.08B	19,614,554	0.6%
Mastercard Inc	—	$1.05B	1,835,410	0.6%
AbbVie Inc.	—	$959.34M	4,198,609	0.6%
Walmart Inc.	—	$958.76M	8,605,706	0.6%
COSTCO WHOLESALE CORP /NEW	—	$957.36M	1,110,190	0.6%
EXXON MOBIL CORP	—	$956.79M	7,950,685	0.6%
Merck & Co., Inc.	—	$901.91M	8,568,406	0.5%
CISCO SYSTEMS, INC.	—	$890.58M	11,561,485	0.5%
INTERNATIONAL BUSINESS MACHINES CORP	—	$855.69M	2,888,811	0.5%
HOME DEPOT, INC.	—	$831.69M	2,417,002	0.5%
UNITEDHEALTH GROUP INC	—	$805.14M	2,438,995	0.5%
Netflix Inc	—	$775.62M	8,272,385	0.4%
PEPSICO INC	—	$771.18M	5,373,358	0.4%
Salesforce Inc	—	$765.59M	2,890,012	0.4%
PROCTER & GAMBLE Co	—	$755.89M	5,274,517	0.4%
KLA CORP	—	$738.88M	608,091	0.4%
Palantir Technologies Inc	—	$733.80M	4,128,273	0.4%
COCA COLA CO	—	$701.90M	10,040,077	0.4%
VERIZON COMMUNICATIONS INC	—	$697.98M	17,136,868	0.4%
AMGEN INC	—	$683.29M	2,087,589	0.4%
MCDONALD'S CORP	—	$670.88M	2,195,059	0.4%
LAM RESEARCH CORP	—	$667.37M	3,898,622	0.4%
ABBOTT LABORATORIES	—	$652.33M	5,206,580	0.4%
ORACLE CORP	—	$634.78M	3,256,777	0.4%
GENERAL ELECTRIC CO	—	$634.44M	2,059,655	0.4%
ADVANCED MICRO DEVICES INC	—	$628.35M	2,934,021	0.4%
MICRON TECHNOLOGY INC	—	$622.33M	2,180,492	0.4%
WELLS FARGO & COMPANY/MN	—	$618.52M	6,636,432	0.4%
AMPHENOL CORP /DE	—	$559.08M	4,137,018	0.3%
INTUIT INC.	—	$543.10M	819,871	0.3%
RTX Corp	—	$541.56M	2,952,873	0.3%
THE GOLDMAN SACHS GROUP, INC.	—	$529.96M	602,908	0.3%
APPLIED MATERIALS INC /DE	—	$529.09M	2,058,801	0.3%
AT&T INC.	—	$521.33M	20,987,402	0.3%
CHEVRON CORP	—	$518.92M	3,404,794	0.3%