1y return+17.5%S&P 500 +20.9%
3y return+62.1%S&P 500 +68.5%
5y return+61.1%S&P 500 +74.5%
10y return+231.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $332 against $357 in the S&P 500.2
California State Teachers Retirement SystemS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corp | $7.0B | 6.5% | −4.5% |
| AAPLApple Inc | $6.4B | 5.9% | |
| MSFTMicrosoft Corp | $4.0B | 3.7% | |
| AMZNAmazon Com Inc | $3.5B | 3.2% | |
| GOOGLAlphabet Inc Cl A | $3.2B | 2.9% | |
| AVGOBroadcom Inc | $2.6B | 2.4% | |
| IVVIshares Core S P 500 Etf | $2.6B | 2.4% | +16.1% |
| GOOGAlphabet Inc Cl C | $2.5B | 2.3% | −3.9% |
| MUMicron Technology Inc | $2.0B | 1.8% | |
| METAMeta Platforms Inc Class A | $1.9B | 1.7% | +1.3% |
| TSLATesla Inc | $1.8B | 1.7% | |
| LLYEli Lilly Co | $1.5B | 1.3% | |
| AMDAdvanced Micro Devices | $1.4B | 1.3% | |
| JPMJpmorgan Chase Co | $1.3B | 1.2% | −1.5% |
| BRK/BBerkshire Hathaway Inc Cl B | $1.1B | 1.0% | +3.7% |
| JNJJohnson Johnson | $943.5M | 0.9% | |
| INTCIntel Corp | $931.6M | 0.9% | −3.2% |
| VVisa Inc Class A Shares | $879.3M | 0.8% | |
| AMATApplied Materials Inc | $870.2M | 0.8% | −1.7% |
| LRCXLam Research Corp | $821.5M | 0.8% | −1.4% |
| WMTWalmart Inc | $755.6M | 0.7% | |
| CATCaterpillar Inc | $747.3M | 0.7% | |
| CSCOCisco Systems Inc | $706.1M | 0.7% | |
| Exxon Mobil CorpCUSIP 30231G102 | $696.2M | 0.6% | +4.1% |
| ABBVAbbvie Inc | $679.4M | 0.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $7.0B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $2.6B |
| AMATApplied Materials Inc | June 30, 2020 | +1096.1% | $870.2M |
| AMDAdvanced Micro Devices | June 30, 2020 | +1004.1% | $1.4B |
| PANWPalo Alto Networks Inc | June 30, 2020 | +790.9% | $417.8M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $747.3M |
| LLYEli Lilly Co | June 30, 2020 | +630.6% | $1.5B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $483.3M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $821.5M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $455.4M |
Sold off last quarter
- OTFBlue Owl Technology Finance was $250.6M
- Honeywell International IncCUSIP 438516106 was $224.7M
- Carnival CorpCUSIP 143658300 was $33.3M
- CTRACoterra Energy Inc was $31.0M
- Hologic IncCUSIP 436440101 was $29.1M
- Dupont De Nemours IncCUSIP 26614N102 was $23.1M
- Masimo CorpCUSIP 574795100 was $9.5M
- Air Lease CorpCUSIP 00912X302 was $8.2M
- Clearwater Analytics Hds ACUSIP 185123106 was $7.9M
- Sealed Air CorpCUSIP 81211K100 was $7.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.1% | +14.8% |
| March 31, 2026 | −4.7% | −4.6% |
| December 31, 2025 | +2.1% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +10.7% | +10.5% |
| March 31, 2025 | −5.1% | −4.6% |
| December 31, 2024 | +2.3% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +3.1% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +11.5% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +7.9% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
| December 31, 2022 | +6.6% | +7.1% |
| September 30, 2022 | −4.9% | −5.3% |
| June 30, 2022 | −17.1% | −16.5% |
| March 31, 2022 | −5.7% | −4.9% |
| December 31, 2021 | +9.0% | +10.7% |
| September 30, 2021 | −0.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: California State Teachers Retirement System Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1081019&type=13F-HR&dateb=&owner=include&count=40CIK 1081019
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1081019/000108101926000020/Filed August 24, 2026 · accession 0001081019-26-000020