PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
Long book
$25.48B
Q1 2026
Positions
1848
Top-10 weight
40%
concentration
Last quarter
+15.8%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsPUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO is a mechanically diversified allocator, running a $25.48B US long book across 1848 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, ALPHABET INC-CL A, MICROSOFT CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.3%
Q2 2024
+5.7%
Q3 2024
+2.3%
Q4 2024
-5.9%
Q1 2025
+11.5%
Q2 2025
+7.4%
Q3 2025
+2.3%
Q4 2025
-5.0%
Q1 2026
+15.8%
Sector allocation
Technology 42%
Consumer discretionary 13%
Financials 10%
Industrials 9%
Healthcare 8%
Services media 6%
Energy 4%
Other 3%
Long book by quarter
What does PUBLIC EMPLOYEES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 11.4M | $1.99B | 7.8% | -3.2% |
| AAPL APPLE INC | Technology | 6.8M | $1.72B | 6.7% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 4.6M | $1.31B | 5.1% | -7.9% |
| MSFT MICROSOFT CORP | Technology | 3.5M | $1.28B | 5.0% | -5.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.8M | $1.01B | 4.0% | -3.3% |
| META META PLATFORMS INC-CLASS A | Technology | 1.3M | $723.1M | 2.8% | +0.9% |
| AVGO BROADCOM INC | Technology | 2.3M | $696.9M | 2.7% | +3.6% |
| JPM JPMORGAN CHASE & CO | Financials | 1.7M | $510.6M | 2.0% | -6.6% |
| WMT WALMART INC | Consumer discretionary | 4.0M | $492.3M | 1.9% | -5.7% |
| XOM EXXON MOBIL CORP | Energy | 2.7M | $465.3M | 1.8% | -0.7% |
| LLY ELI LILLY & CO | Healthcare | 447.4K | $411.5M | 1.6% | +7.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 397.4K | $396.0M | 1.6% | -1.5% |
| V VISA INC-CLASS A SHARES | Services media | 1.1M | $334.9M | 1.3% | -20.9% |
| TSLA TESLA INC | Industrials | 885.1K | $329.1M | 1.3% | +7.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.8M | $300.1M | 1.2% | -14.8% |
| MA MASTERCARD INC - A | Services media | 524.4K | $262.0M | 1.0% | -11.0% |
| AXP AMERICAN EXPRESS CO | Financials | 836.7K | $253.1M | 1.0% | -19.4% |
| MS MORGAN STANLEY | Financials | 1.5M | $247.0M | 1.0% | -25.3% |
| RTX RTX CORP | Industrials | 1.2M | $227.9M | 0.9% | -1.0% |
| MCK MCKESSON CORP | Consumer discretionary | 259.0K | $224.1M | 0.9% | -3.8% |
| MU MICRON TECHNOLOGY INC | Technology | 614.9K | $207.7M | 0.8% | +60.3% |
| ABBV ABBVIE INC | Healthcare | 911.7K | $198.3M | 0.8% | +8.4% |
| GE GENERAL ELECTRIC | Industrials | 694.5K | $197.1M | 0.8% | -2.4% |
| WCN WASTE CONNECTIONS INC | Utilities | 1.1M | $181.0M | 0.7% | -8.6% |
| GOOG ALPHABET INC-CL C | Technology | 625.4K | $179.4M | 0.7% | -0.1% |
| CB CHUBB LTD | Financials | 509.5K | $166.1M | 0.7% | +55.1% |
| EOG EOG RESOURCES INC | Energy | 1.1M | $165.9M | 0.7% | -1.6% |
| HD HOME DEPOT INC | Consumer discretionary | 489.6K | $161.0M | 0.6% | -5.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 987.8K | $158.4M | 0.6% | +28.9% |
| SYK STRYKER CORP | Healthcare | 467.9K | $153.7M | 0.6% | +114.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 790.0K | $153.4M | 0.6% | +27.2% |
| APH AMPHENOL CORP-CL A | Technology | 1.1M | $143.6M | 0.6% | -13.2% |
| KLAC KLA CORP | Other | 96.9K | $142.6M | 0.6% | +1.0% |
| GILD GILEAD SCIENCES INC | Healthcare | 1.0M | $142.1M | 0.6% | +12.2% |
| NFLX NETFLIX INC | Services media | 1.4M | $139.4M | 0.5% | -34.2% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 311.8K | $139.2M | 0.5% | -5.5% |
| EMR EMERSON ELECTRIC CO | Industrials | 1.0M | $137.2M | 0.5% | -1.8% |
| JCI JOHNSON CONTROLS INTERNATIONAL PLC | Industrials | 998.9K | $130.8M | 0.5% | -14.5% |
| T AT&T INC | Communications | 4.3M | $124.2M | 0.5% | +364.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.2M | $120.2M | 0.5% | -15.8% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 365.9K | $117.3M | 0.5% | -1.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 554.9K | $112.9M | 0.4% | +166.5% |
| MELI MERCADOLIBRE INC | Services media | 65.2K | $112.8M | 0.4% | -2.9% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 221.0K | $108.6M | 0.4% | -8.3% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 1.2M | $108.4M | 0.4% | -20.3% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.7M | $106.8M | 0.4% | +57.1% |
| UNP UNION PACIFIC CORP | Industrials | 439.9K | $106.7M | 0.4% | -0.2% |
| GD GENERAL DYNAMICS CORP | Industrials | 293.4K | $100.7M | 0.4% | +12.7% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 273.5K | $89.4M | 0.4% | -0.2% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 488.3K | $89.1M | 0.3% | +491.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1848 | $25.48B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 1866 | $27.20B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1887 | $27.21B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 1886 | $25.92B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 1906 | $23.45B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1925 | $25.18B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 1944 | $25.20B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 1916 | $23.93B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1907 | $23.16B | $K fixed canonical | SEC ↗ |
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