Generalist · Sacramento, CA
California Public Employees Retirement System
Q4 2025 · compared with Q3 2025
- Software
- $18.4B
- Weight of 13F
- 10.5%
- Names
- 97
- Net bought
- +$848M
Filed 12 February 2026 · SEC filing.
1,084 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
- MicrosoftMSFT21,124,113 shares · 55.4% of their software · price −$725M$10.2B+$896M
- SalesforceCRM2,890,012 shares · 4.2% of their software · price +$80.7M$766M+$91.9M
- PalantirPLTR4,128,273 shares · 4.0% of their software · price −$19.3M$734M+$66.4M
- OracleORCL3,256,777 shares · 3.4% of their software · price −$281M$635M+$66.2M
- IntuitINTU819,871 shares · 2.9% of their software · price −$16.8M$543M+$25.1M
- AdobeADBE1,113,273 shares · 2.1% of their software · price −$3.1M$390M+$45.3M
- Uber Technologies, Inc.UBER4,051,835 shares · 1.8% of their software · price −$65.9M$331MFlat
- ServiceNowNOW2,068,217 shares · 1.7% of their software · price −$1.6B$317MSplit
- Palo Alto NetworksPANW1,707,142 shares · 1.7% of their software · price −$33.2M$314M−$34.8M
- AppLovinAPP464,570 shares · 1.7% of their software · price −$20.8M$313M+$14.8M
- Automatic Data Processing, Inc.ADP1,206,806 shares · 1.7% of their software · price −$43.8M$310M−$137M
- CrowdStrikeCRWD418,018 shares · 1.1% of their software · price −$9.0M$196M+$3.5M
- AutodeskADSK598,377 shares · 1.0% of their software · price −$13.0M$177M−$31.5M
- CadenceCDNS562,686 shares · 1.0% of their software · price −$21.8M$176M+$32.8M
- Paychex, Inc.PAYX1,360,594 shares · 0.8% of their software · price −$19.8M$153M+$43.8M
- Roper Technologies, Inc.ROP288,728 shares · 0.7% of their software · price −$15.5M$129M−$26.8M
- SnowflakeSNOW552,241 shares · 0.7% of their software · price −$3.4M$121M+$6.3M
- WorkdayWDAY559,119 shares · 0.7% of their software · price −$14.5M$120M−$14.8M
- SynopsysSNPS252,038 shares · 0.6% of their software · price −$6.0M$118M−$32.5M
- The Trade DeskTTD2,762,928 shares · 0.6% of their software · price −$30.5M$105M+$81.1M
- CloudflareNET528,947 shares · 0.6% of their software · price −$9.2M$104M+$1.7M
- FortinetFTNT1,148,564 shares · 0.5% of their software · price −$5.4M$91.2M−$38.7M
- VeriskVRSK370,053 shares · 0.4% of their software · price −$10.3M$82.8M−$18.1M
- DatadogDDOG537,382 shares · 0.4% of their software · price −$3.4M$73.1MFlat
- Strategy IncMSTR470,632 shares · 0.4% of their software · price −$80.1M$71.5M+$7.2M
- Fiserv, Inc.FISV1,047,633 shares · 0.4% of their software · price −$64.7M$70.4M−$36.7M
- ZoomZM793,827 shares · 0.4% of their software · price +$3.0M$68.5M−$8.9M
- Fair IsaacFICO40,416 shares · 0.4% of their software · price +$7.8M$68.3MFlat
- BroadridgeBR303,912 shares · 0.4% of their software · price −$4.6M$67.8M−$13.4M
- Block, Inc.XYZ958,675 shares · 0.3% of their software · price −$6.9M$62.4MFlat
- VeevaVEEV269,933 shares · 0.3% of their software · price −$20.2M$60.3MFlat
- MongoDBMDB134,841 shares · 0.3% of their software · price +$14.7M$56.6MFlat
- PTCPTC323,030 shares · 0.3% of their software · price −$9.3M$56.3M−$11.4M
- NetApp, Inc.NTAP513,020 shares · 0.3% of their software · price −$5.8M$54.9M−$11.6M
- VeriSign, Inc.VRSN218,287 shares · 0.3% of their software · price −$8.0M$53.0M−$10.4M
- Tyler TechnologiesTYL109,723 shares · 0.3% of their software · price −$7.6M$49.8M−$11.6M
- CoStarCSGP731,971 shares · 0.3% of their software · price −$12.5M$49.2MFlat
- SS&CSSNC555,061 shares · 0.3% of their software · price −$744K$48.5M−$10.4M
- AtlassianTEAM295,407 shares · 0.3% of their software · price +$721K$47.9M+$862K
- GoDaddyGDDY365,054 shares · 0.2% of their software · price −$4.7M$45.3M−$9.2M
- Check PointCHKP227,902 shares · 0.2% of their software · price −$4.9M$42.3M−$9.2M
- F5, Inc.FFIV161,472 shares · 0.2% of their software · price −$11.0M$41.2M−$12.3M
- Gen DigitalGEN1,502,608 shares · 0.2% of their software · price −$1.8M$40.9M−$7.9M
- ZscalerZS177,459 shares · 0.2% of their software · price −$13.3M$39.9M+$3.7M
- Corpay, Inc.CPAY130,334 shares · 0.2% of their software · price +$1.7M$39.2MFlat
- TwilioTWLO266,074 shares · 0.2% of their software · price +$11.2M$37.8M−$1.3M
- TrimbleTRMB470,671 shares · 0.2% of their software · price −$1.6M$36.9MFlat
- DynatraceDT765,955 shares · 0.2% of their software · price −$3.9M$33.2M−$7.4M
- GuidewireGWRE150,412 shares · 0.2% of their software · price −$4.3M$30.2MFlat
- ToastTOST848,923 shares · 0.2% of their software · price −$849K$30.1M−$1.4M
- HubSpotHUBS70,763 shares · 0.2% of their software · price −$4.7M$28.4M−$7.7M
- NutanixNTNX513,222 shares · 0.1% of their software · price −$11.7M$26.5M−$1.2M
- OktaOKTA297,458 shares · 0.1% of their software · price −$1.6M$25.7M−$652K
- Amdocs LimitedDOX318,753 shares · 0.1% of their software$25.7M−$5.2M
- DocuSignDOCU371,792 shares · 0.1% of their software · price −$1.4M$25.4MFlat
- FactSetFDS84,405 shares · 0.1% of their software$24.5M−$10.8M
- UnityU551,639 shares · 0.1% of their software · price +$2.3M$24.4MFlat
- Grab Holdings LimitedGRAB4,857,514 shares · 0.1% of their software · price −$5.0M$24.2M−$714K
- AkamaiAKAM259,025 shares · 0.1% of their software · price +$3.0M$22.6MFlat
- PaycomPAYC127,855 shares · 0.1% of their software · price −$6.2M$20.4M+$5.6M
- Manhattan AssociatesMANH108,266 shares · 0.1% of their software · price −$3.4M$18.8MFlat
- Rubrik, Inc.RBRK224,716 shares · 0.1% of their software · price −$1.3M$17.2M+$2.9M
- Bentley SystemsBSY404,707 shares · 0.1% of their software · price −$5.4M$15.4M−$3.3M
- DropboxDBX538,496 shares · 0.1% of their software · price −$1.3M$15.0M−$3.0M
- SamsaraIOT418,485 shares · 0.1% of their software · price −$753K$14.8M+$2.0M
- Lyft, Inc.LYFT765,370 shares · 0.1% of their software · price −$2.0M$14.8MFlat
- InterDigital, Inc.IDCC44,149 shares · 0.1% of their software · price −$1.2M$14.1M+$1.8M
- QualysQLYS97,362 shares · 0.1% of their software$12.9MFlat
- PaylocityPCTY83,135 shares · 0.1% of their software · price −$563K$12.7MFlat
- ElasticESTC165,596 shares · 0.1% of their software · price −$1.5M$12.5MFlat
- UiPathPATH725,804 shares · 0.1% of their software · price +$2.2M$11.9MFlat
- BoxBOX391,941 shares · 0.1% of their software · price −$925K$11.7M−$1.9M
- ProcorePCOR154,748 shares · 0.1% of their software$11.3MFlat
- monday.comMNDY74,342 shares · 0.1% of their software · price −$3.4M$11.0MFlat
- DoximityDOCS238,356 shares · 0.1% of their software · price −$6.9M$10.6MFlat
- WixWIX98,445 shares · 0.1% of their software · price −$7.3M$10.2MFlat
- WEX Inc.WEX65,874 shares · 0.1% of their software · price −$563K$9.8MFlat
- DuolingoDUOL50,004 shares · 0.0% of their software · price −$7.3M$8.8M−$4.5M
- Clearwater AnalyticsCWAN363,465 shares · 0.0% of their software$8.8M—
- ACI WorldwideACIW183,137 shares · 0.0% of their software · price −$908K$8.8MFlat
- BILLBILL153,030 shares · 0.0% of their software$8.3M−$948K
- Life360, Inc.LIF125,194 shares · 0.0% of their software · price −$5.3M$8.0M+$3.1M
- Q2QTWO110,605 shares · 0.0% of their software$8.0MFlat
- TenableTENB330,346 shares · 0.0% of their software · price −$1.9M$7.8M−$1.9M
- MorningstarMORN35,469 shares · 0.0% of their software · price −$521K$7.7MFlat
- CommvaultCVLT59,154 shares · 0.0% of their software · price −$3.8M$7.4M−$3.4M
- StoneCo Ltd.STNE495,347 shares · 0.0% of their software · price −$2.0M$7.3MFlat
- GitLabGTLB194,097 shares · 0.0% of their software · price −$1.5M$7.3M+$1.1M
- WorkivaWK83,805 shares · 0.0% of their software$7.2MFlat
- Full Truck Alliance Co. Ltd.YMM661,814 shares · 0.0% of their software · price −$1.5M$7.1M−$5.0M
- SentinelOneS416,252 shares · 0.0% of their software · price −$1.1M$6.2MFlat
- SPS CommerceSPSC67,723 shares · 0.0% of their software · price −$1.0M$6.0MFlat
- Euronet Worldwide, Inc.EEFT78,193 shares · 0.0% of their software · price −$915K$6.0MFlat
- Shift4 Payments, Inc.FOUR81,798 shares · 0.0% of their software · price −$1.2M$5.2MFlat
- VaronisVRNS147,256 shares · 0.0% of their software · price −$3.6M$4.8M−$10.4M
- ZoomInfoZI469,585 shares · 0.0% of their software$4.8M—
- nCinoNCNO157,080 shares · 0.0% of their software$4.0MFlat