Generalist · Sacramento, CA
California Public Employees Retirement System
Q3 2025 · compared with Q2 2025
- Software
- $19.2B
- Weight of 13F
- 11.5%
- Names
- 97
- Net bought
- −$970M
Filed 14 November 2025 · SEC filing.
1,087 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
- MicrosoftMSFT19,393,311 shares · 52.2% of their software · price +$398M$10.0B−$1.2B
- OracleORCL3,021,454 shares · 4.4% of their software · price +$189M$850M+$55.5M
- PalantirPLTR3,764,347 shares · 3.6% of their software · price +$174M$687M+$23.2M
- SalesforceCRM2,502,236 shares · 3.1% of their software · price −$89.3M$593M+$143M
- IntuitINTU783,054 shares · 2.8% of their software · price −$82.0M$535M−$61.2M
- Automatic Data Processing, Inc.ADP1,671,963 shares · 2.5% of their software · price −$24.9M$491M+$80.2M
- Uber Technologies, Inc.UBER4,053,399 shares · 2.1% of their software · price +$18.9M$397M+$13.3M
- Palo Alto NetworksPANW1,877,928 shares · 2.0% of their software · price −$1.9M$382M−$46.5M
- ServiceNowNOW410,694 shares · 2.0% of their software · price −$44.3M$378M+$64.1M
- AdobeADBE984,970 shares · 1.8% of their software · price −$33.6M$347M+$95.4M
- AppLovinAPP444,020 shares · 1.7% of their software · price +$164M$319M+$9.6M
- AutodeskADSK697,645 shares · 1.2% of their software · price +$5.7M$222M−$46.8M
- CrowdStrikeCRWD410,856 shares · 1.0% of their software · price −$7.8M$201M+$7.3M
- Fiserv, Inc.FISV1,332,476 shares · 0.9% of their software · price −$57.9M$172M−$25.7M
- Roper Technologies, Inc.ROP342,501 shares · 0.9% of their software · price −$23.3M$171M−$36.4M
- CadenceCDNS469,321 shares · 0.9% of their software · price +$20.2M$165M+$6.4M
- SynopsysSNPS317,944 shares · 0.8% of their software · price −$6.1M$157M+$62.4M
- WorkdayWDAY620,661 shares · 0.8% of their software$149M+$64.8M
- Strategy IncMSTR448,157 shares · 0.8% of their software · price −$36.8M$144M+$15.2M
- FortinetFTNT1,608,359 shares · 0.7% of their software · price −$34.8M$135M−$56.4M
- Paychex, Inc.PAYX1,014,929 shares · 0.7% of their software · price −$19.0M$129M−$30.8M
- SnowflakeSNOW524,417 shares · 0.6% of their software · price +$933K$118M+$5.0M
- CloudflareNET520,870 shares · 0.6% of their software · price +$9.8M$112M+$2.9M
- VeriskVRSK442,010 shares · 0.6% of their software · price −$26.5M$111M−$32.6M
- BroadridgeBR360,365 shares · 0.4% of their software · price −$1.8M$85.8M−$18.1M
- VeevaVEEV270,392 shares · 0.4% of their software · price +$2.7M$80.6M+$3.9M
- PTCPTC379,375 shares · 0.4% of their software · price +$11.6M$77.0M−$13.0M
- DatadogDDOG532,440 shares · 0.4% of their software · price +$4.3M$75.8M+$3.7M
- ZoomZM901,346 shares · 0.4% of their software · price +$4.1M$74.4M−$13.1M
- NetApp, Inc.NTAP610,735 shares · 0.4% of their software · price +$7.3M$72.3M+$26.5M
- VeriSign, Inc.VRSN255,596 shares · 0.4% of their software · price −$2.4M$71.5M−$12.5M
- Block, Inc.XYZ955,615 shares · 0.4% of their software · price +$4.1M$69.1M+$4.2M
- Tyler TechnologiesTYL131,915 shares · 0.4% of their software · price −$9.2M$69.0M−$15.5M
- F5, Inc.FFIV199,565 shares · 0.3% of their software · price +$5.8M$64.5M−$9.6M
- CoStarCSGP730,562 shares · 0.3% of their software · price +$2.9M$61.6M+$3.5M
- Fair IsaacFICO40,542 shares · 0.3% of their software · price −$13.4M$60.7M−$2.6M
- SS&CSSNC672,559 shares · 0.3% of their software · price +$4.0M$59.7M−$13.2M
- GoDaddyGDDY432,317 shares · 0.3% of their software · price −$18.7M$59.2M−$18.8M
- Check PointCHKP272,416 shares · 0.3% of their software · price −$3.9M$56.4M−$14.6M
- The Trade DeskTTD1,107,494 shares · 0.3% of their software · price −$25.5M$54.3M+$38.6M
- Gen DigitalGEN1,779,939 shares · 0.3% of their software · price −$1.8M$50.5M−$10.7M
- ZscalerZS165,274 shares · 0.3% of their software · price −$2.4M$49.5M+$1.0M
- AtlassianTEAM290,010 shares · 0.2% of their software · price −$12.6M$46.3MFlat
- DynatraceDT918,600 shares · 0.2% of their software · price −$6.2M$44.5M−$10.6M
- MongoDBMDB134,746 shares · 0.2% of their software · price +$13.5M$41.8M+$1.5M
- HubSpotHUBS87,214 shares · 0.2% of their software · price −$7.7M$40.8M+$1.7M
- NutanixNTNX529,711 shares · 0.2% of their software · price −$1.1M$39.4M+$1.8M
- TrimbleTRMB470,448 shares · 0.2% of their software · price +$2.7M$38.4M+$1.8M
- Corpay, Inc.CPAY128,725 shares · 0.2% of their software · price −$5.6M$37.1M+$1.3M
- FactSetFDS122,219 shares · 0.2% of their software · price −$19.7M$35.0M−$8.4M
- GuidewireGWRE150,462 shares · 0.2% of their software · price −$841K$34.6M−$515K
- ToastTOST887,807 shares · 0.2% of their software · price −$6.9M$32.4M+$3.2M
- Amdocs LimitedDOX382,675 shares · 0.2% of their software · price −$3.5M$31.4M−$6.2M
- Grab Holdings LimitedGRAB4,976,124 shares · 0.2% of their software · price +$4.9M$30.0M+$2.4M
- TwilioTWLO279,267 shares · 0.1% of their software · price −$6.8M$28.0MFlat
- OktaOKTA304,566 shares · 0.1% of their software · price −$2.5M$27.9MFlat
- DocuSignDOCU369,942 shares · 0.1% of their software · price −$2.1M$26.7MFlat
- Bentley SystemsBSY469,347 shares · 0.1% of their software · price −$1.2M$24.2M−$3.8M
- Manhattan AssociatesMANH108,078 shares · 0.1% of their software · price +$812K$22.2M+$929K
- UnityU544,674 shares · 0.1% of their software · price +$8.6M$21.8M+$578K
- PaycomPAYC101,114 shares · 0.1% of their software · price −$2.4M$21.0M+$1.1M
- DuolingoDUOL63,846 shares · 0.1% of their software · price −$5.6M$20.5MFlat
- AkamaiAKAM260,289 shares · 0.1% of their software · price −$1.0M$19.7M+$1.2M
- DropboxDBX636,193 shares · 0.1% of their software · price +$1.0M$19.2M−$2.7M
- VaronisVRNS328,333 shares · 0.1% of their software · price +$2.2M$18.9M−$1.4M
- WixWIX99,653 shares · 0.1% of their software · price +$1.9M$17.7M+$1.2M
- DoximityDOCS240,284 shares · 0.1% of their software · price +$2.8M$17.6M+$989K
- Lyft, Inc.LYFT761,909 shares · 0.1% of their software · price +$4.8M$16.8M+$831K
- Rubrik, Inc.RBRK189,735 shares · 0.1% of their software · price −$1.4M$15.6MNew · +$17.0M
- CommvaultCVLT77,201 shares · 0.1% of their software · price +$1.1M$14.6M+$638K
- BoxBOX451,590 shares · 0.1% of their software · price −$858K$14.6M−$3.9M
- monday.comMNDY74,359 shares · 0.1% of their software · price −$9.0M$14.4M+$1.6M
- ElasticESTC163,654 shares · 0.1% of their software$13.8M+$869K
- SamsaraIOT365,280 shares · 0.1% of their software · price −$924K$13.6M−$2.7M
- Full Truck Alliance Co. Ltd.YMM1,043,468 shares · 0.1% of their software · price +$1.2M$13.5M−$1.1M
- InterDigital, Inc.IDCC38,850 shares · 0.1% of their software · price +$4.7M$13.4MNew · +$8.7M
- PaylocityPCTY81,619 shares · 0.1% of their software · price −$1.8M$13.0MFlat
- QualysQLYS95,509 shares · 0.1% of their software · price −$1.0M$12.6M+$4.0M
- TenableTENB394,373 shares · 0.1% of their software · price −$1.8M$11.5M−$1.8M
- ProcorePCOR153,808 shares · 0.1% of their software · price +$692K$11.2M+$842K
- WEX Inc.WEX68,855 shares · 0.1% of their software · price +$733K$10.8M+$2.1M
- Life360, Inc.LIF95,780 shares · 0.1% of their software · price +$3.9M$10.2MNew · +$6.2M
- ACI WorldwideACIW191,899 shares · 0.1% of their software · price +$1.3M$10.1M−$1.2M
- UiPathPATH730,480 shares · 0.1% of their software$9.8MFlat
- StoneCo Ltd.STNE488,008 shares · 0.0% of their software · price +$1.4M$9.2M+$692K
- BILLBILL170,919 shares · 0.0% of their software · price +$1.1M$9.1MFlat
- MorningstarMORN34,561 shares · 0.0% of their software · price −$2.8M$8.0M−$3.3M
- Q2QTWO109,677 shares · 0.0% of their software · price −$2.3M$7.9MFlat
- GitLabGTLB170,122 shares · 0.0% of their software$7.7MFlat
- SentinelOneS409,045 shares · 0.0% of their software$7.2M+$510K
- WorkivaWK82,329 shares · 0.0% of their software · price +$1.5M$7.1MFlat
- Euronet Worldwide, Inc.EEFT77,738 shares · 0.0% of their software · price −$1.1M$6.8MFlat
- SPS CommerceSPSC64,967 shares · 0.0% of their software · price −$2.1M$6.8M−$11.1M
- Shift4 Payments, Inc.FOUR81,826 shares · 0.0% of their software · price −$1.8M$6.3MNew · +$8.1M
- ZoomInfoZI510,651 shares · 0.0% of their software$5.6M—
- Clearwater AnalyticsCWAN279,020 shares · 0.0% of their software$5.0MNew
- nCinoNCNO156,266 shares · 0.0% of their software$4.2MFlat