Generalist · Sacramento, CA
California Public Employees Retirement System
Q2 2025 · compared with Q1 2025
- Software
- $19.8B
- Weight of 13F
- 12.6%
- Names
- 97
- Net bought
- +$603M
Filed 13 August 2025 · SEC filing.
1,112 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 202692 names$11.8B−$2.5B
- Q1 202692 names$13.8B−$486M
- Q4 202597 names$18.4B+$848M
- Q3 202597 names$19.2B−$970M
- Q2 202597 names$19.8B+$603M
- Q1 202597 names$15.3B−$855M
- Q4 202499 names$17.5B−$443M
- Q3 202499 names$17.4B+$546M
- Q2 2024101 names$16.9B−$792M
- Q1 2024101 names$17.3B−$278M
- Q4 202398 names$16.1B−$104M
- Q3 202397 names$13.9B+$749M
- Q2 202398 names$13.8B+$154M
- Q1 202398 names$11.9B−$976M
- Q4 202299 names$11.2B+$258M
- Q3 202298 names$10.6B+$1.3B
- Q2 202299 names$10.3B+$102M
- Q1 202299 names$13.0B−$1.3B
- Q4 202197 names$15.9B−$161M
- Q3 202196 names$14.8B+$599M
- Q2 202191 names$13.9B+$940M
- Q1 2021153 names$12.5B−$14.3M
- Q4 2020151 names$12.4B+$386M
- Q3 2020141 names$10.8B+$581M
- Q2 2020135 names$9.4B+$345M
- Q1 2020129 names$6.9B−$96.1M
- Q4 2019130 names$7.6B+$285M
- Q3 2019118 names$6.7B+$1.3B
- Q2 2019116 names$5.4B−$79.1M
- Q1 2019104 names$5.1B−$57.0M
- Q4 2018105 names$4.3B+$290M
- Q3 2018102 names$4.7B+$118M
- Q2 201896 names$4.0B−$51.6M
- Q1 201891 names$3.7B−$69.6M
- Q4 201790 names$3.6B+$93.0M
- Q3 201786 names$3.2B+$177M
- Q2 201784 names$2.8B+$2.0M
- Q1 201782 names$2.7B−$93.1M
- Q4 201681 names$2.5B−$231M
- Q3 201683 names$2.7B+$23.3M
- Q2 201683 names$53.9M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- MicrosoftMSFT21,807,466 shares · 54.8% of their software · price +$2.7B$10.8B+$1.0B
- IntuitINTU860,698 shares · 3.4% of their software · price +$149M$678M+$39.1M
- OracleORCL2,767,791 shares · 3.1% of their software · price +$218M$605M+$34.2M
- SalesforceCRM1,977,891 shares · 2.7% of their software · price +$8.6M$539M+$52.9M
- PalantirPLTR3,594,493 shares · 2.5% of their software · price +$187M$490M+$26.2M
- Automatic Data Processing, Inc.ADP1,412,026 shares · 2.2% of their software · price +$4.1M$435M−$72.7M
- Palo Alto NetworksPANW2,104,939 shares · 2.2% of their software · price +$71.6M$431M+$178M
- Uber Technologies, Inc.UBER3,910,484 shares · 1.8% of their software · price +$79.9M$365M+$14.1M
- ServiceNowNOW348,348 shares · 1.8% of their software · price +$80.8M$358M−$104M
- AdobeADBE738,477 shares · 1.4% of their software · price +$2.5M$286M+$11.8M
- AutodeskADSK848,706 shares · 1.3% of their software · price +$40.5M$263M−$35.5M
- Fiserv, Inc.FISV1,481,654 shares · 1.3% of their software · price −$71.7M$255M−$178M
- Roper Technologies, Inc.ROP406,715 shares · 1.2% of their software · price −$9.2M$231M−$47.5M
- FortinetFTNT2,142,153 shares · 1.1% of their software · price +$20.3M$226M+$6.7M
- CrowdStrikeCRWD396,493 shares · 1.0% of their software · price +$62.1M$202M+$15.4M
- Paychex, Inc.PAYX1,226,661 shares · 0.9% of their software · price −$10.8M$178M−$33.2M
- VeriskVRSK546,722 shares · 0.9% of their software · price +$7.6M$170M−$30.6M
- Strategy IncMSTR410,596 shares · 0.8% of their software · price +$47.6M$166M+$15.4M
- AppLovinAPP416,666 shares · 0.7% of their software · price +$35.5M$146M−$2.5M
- CadenceCDNS448,561 shares · 0.7% of their software · price +$24.1M$138M−$48.6M
- SnowflakeSNOW502,218 shares · 0.6% of their software · price +$39.0M$112M+$4.8M
- BroadridgeBR434,693 shares · 0.5% of their software$106M−$19.3M
- SynopsysSNPS196,249 shares · 0.5% of their software · price +$16.5M$101M+$6.3M
- CloudflareNET506,043 shares · 0.5% of their software · price +$42.1M$99.1M+$4.4M
- GoDaddyGDDY536,650 shares · 0.5% of their software$96.6M−$20.8M
- Tyler TechnologiesTYL158,043 shares · 0.5% of their software · price +$1.8M$93.7M−$17.5M
- VeriSign, Inc.VRSN298,981 shares · 0.4% of their software · price +$10.4M$86.3M−$19.0M
- WorkdayWDAY350,844 shares · 0.4% of their software · price +$2.3M$84.2M−$127M
- ZoomZM1,069,441 shares · 0.4% of their software · price +$4.5M$83.4M−$14.0M
- PTCPTC454,779 shares · 0.4% of their software · price +$7.9M$78.4M−$12.2M
- Fair IsaacFICO41,987 shares · 0.4% of their software · price −$680K$76.8M+$1.9M
- Check PointCHKP338,247 shares · 0.4% of their software · price −$2.3M$74.8M−$9.6M
- VeevaVEEV256,858 shares · 0.4% of their software · price +$14.5M$74.0M+$3.6M
- SS&CSSNC832,316 shares · 0.3% of their software · price −$608K$68.9M−$11.0M
- F5, Inc.FFIV232,132 shares · 0.3% of their software · price +$6.5M$68.3M−$10.8M
- DatadogDDOG505,189 shares · 0.3% of their software · price +$17.7M$67.9M+$14.4M
- FactSetFDS141,006 shares · 0.3% of their software · price −$1.0M$63.1M−$11.3M
- Gen DigitalGEN2,142,348 shares · 0.3% of their software · price +$6.1M$63.0M−$10.0M
- DynatraceDT1,110,399 shares · 0.3% of their software · price +$8.9M$61.3M−$10.3M
- Block, Inc.XYZ893,370 shares · 0.3% of their software · price +$12.1M$60.7M+$12.8M
- AtlassianTEAM289,061 shares · 0.3% of their software · price −$2.6M$58.7M+$4.3M
- CoStarCSGP686,918 shares · 0.3% of their software · price +$804K$55.2M+$4.5M
- ZscalerZS162,015 shares · 0.3% of their software · price +$18.7M$50.9M+$4.7M
- HubSpotHUBS84,089 shares · 0.2% of their software · price −$1.2M$46.8M+$3.7M
- Corpay, Inc.CPAY124,922 shares · 0.2% of their software · price −$2.1M$41.5M+$1.0M
- The Trade DeskTTD571,159 shares · 0.2% of their software · price +$9.9M$41.1M−$6.1M
- Amdocs LimitedDOX450,413 shares · 0.2% of their software$41.1M−$6.8M
- NutanixNTNX505,597 shares · 0.2% of their software · price +$3.4M$38.6M+$3.1M
- NetApp, Inc.NTAP362,331 shares · 0.2% of their software · price +$6.8M$38.6M+$1.8M
- ToastTOST814,519 shares · 0.2% of their software · price +$9.1M$36.1M+$2.0M
- GuidewireGWRE152,648 shares · 0.2% of their software · price +$7.3M$35.9M−$42.4M
- TwilioTWLO280,025 shares · 0.2% of their software · price +$7.4M$34.8MFlat
- TrimbleTRMB446,906 shares · 0.2% of their software · price +$4.6M$34.0M+$2.7M
- OktaOKTA300,507 shares · 0.2% of their software · price −$1.6M$30.0M+$4.5M
- Bentley SystemsBSY539,430 shares · 0.1% of their software · price +$7.9M$29.1M−$4.8M
- DocuSignDOCU369,714 shares · 0.1% of their software · price −$1.3M$28.8M+$2.8M
- MongoDBMDB127,791 shares · 0.1% of their software · price +$4.4M$26.8M+$3.4M
- DuolingoDUOL64,161 shares · 0.1% of their software · price +$6.4M$26.3M+$1.4M
- Grab Holdings LimitedGRAB4,498,159 shares · 0.1% of their software · price +$2.2M$22.6M+$838K
- PaycomPAYC96,418 shares · 0.1% of their software · price +$1.2M$22.3M+$1.9M
- monday.comMNDY69,280 shares · 0.1% of their software · price +$4.9M$21.8M+$1.1M
- DropboxDBX731,697 shares · 0.1% of their software · price +$1.4M$20.9M+$8.9M
- Manhattan AssociatesMANH103,375 shares · 0.1% of their software · price +$2.5M$20.4MFlat
- SPS CommerceSPSC146,501 shares · 0.1% of their software$19.9M−$2.3M
- AkamaiAKAM245,097 shares · 0.1% of their software$19.5M+$1.9M
- BoxBOX564,325 shares · 0.1% of their software · price +$1.9M$19.3M−$2.8M
- VaronisVRNS356,751 shares · 0.1% of their software · price +$3.7M$18.1M−$5.6M
- SamsaraIOT433,887 shares · 0.1% of their software · price +$629K$17.3M+$8.6M
- TenableTENB446,842 shares · 0.1% of their software · price −$536K$15.1M−$1.6M
- PaylocityPCTY80,953 shares · 0.1% of their software$14.7M+$930K
- WixWIX92,318 shares · 0.1% of their software$14.6M+$1.6M
- MorningstarMORN45,120 shares · 0.1% of their software · price +$634K$14.2MFlat
- DoximityDOCS224,153 shares · 0.1% of their software · price +$742K$13.7MFlat
- Full Truck Alliance Co. Ltd.YMM1,134,627 shares · 0.1% of their software · price −$1.1M$13.4M+$1.1M
- ElasticESTC153,349 shares · 0.1% of their software · price −$731K$12.9M+$1.5M
- CommvaultCVLT73,544 shares · 0.1% of their software · price +$1.2M$12.8MFlat
- UnityU520,774 shares · 0.1% of their software · price +$2.4M$12.6M+$1.0M
- Lyft, Inc.LYFT709,188 shares · 0.1% of their software · price +$2.8M$11.2M+$945K
- Q2QTWO112,718 shares · 0.1% of their software · price +$1.5M$10.5M+$607K
- BlackbaudBLKB163,365 shares · 0.1% of their software$10.5M−$3.0M
- ACI WorldwideACIW217,437 shares · 0.1% of their software · price −$1.9M$10.0MFlat
- Alarm.com Holdings, Inc.ALRM175,569 shares · 0.1% of their software$9.9M−$572K
- ProcorePCOR141,500 shares · 0.0% of their software$9.7M+$1.0M
- QualysQLYS67,198 shares · 0.0% of their software · price +$1.1M$9.6MFlat
- UiPathPATH723,466 shares · 0.0% of their software · price +$1.8M$9.3M+$2.0M
- WEX Inc.WEX54,891 shares · 0.0% of their software · price −$556K$8.1M−$2.5M
- BlackLineBL141,352 shares · 0.0% of their software · price +$1.2M$8.0M+$2.0M
- Euronet Worldwide, Inc.EEFT78,155 shares · 0.0% of their software$7.9MFlat
- BILLBILL167,487 shares · 0.0% of their software$7.7MFlat
- GitLabGTLB167,870 shares · 0.0% of their software$7.6M+$1.1M
- StoneCo Ltd.STNE444,854 shares · 0.0% of their software · price +$2.5M$7.1M+$935K
- SentinelOneS381,129 shares · 0.0% of their software$7.0M+$1.3M
- WorkivaWK82,197 shares · 0.0% of their software · price −$613K$5.6MFlat
- ZoomInfoZI480,971 shares · 0.0% of their software$4.9M—
- nCinoNCNO142,234 shares · 0.0% of their software$4.0MFlat
- DoubleVerifyDV234,575 shares · 0.0% of their software$3.5MFlat
- Five9FIVN121,700 shares · 0.0% of their software$3.2M+$933K