1y return+16.2%S&P 500 +20.9%
3y return+51.7%S&P 500 +68.5%
5y return+43.9%S&P 500 +74.5%
10y return+222.6%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: $323 against $357 in the S&P 500.2
Commonwealth Of Pennsylvania Public School Empls Retrmt SysS&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 Corporation | $1.1B | 5.2% | −5.5% |
| AAPLApple Inc | $938.7M | 4.6% | −5.1% |
| MSFTMicrosoft Corp | $612.0M | 3.0% | −5.1% |
| AMZNAmazon Com Inc | $515.3M | 2.5% | −5.0% |
| IEMGIshares Inc | $470.0M | 2.3% | +52.6% |
| RSPInvesco Exchange Traded Fd T | $466.0M | 2.3% | +20.5% |
| GOOGLAlphabet Inc | $462.8M | 2.2% | −4.5% |
| AVGOBroadcom Inc | $395.0M | 1.9% | −5.3% |
| GOOGAlphabet Inc | $368.9M | 1.8% | −4.2% |
| MUMicron Technology Inc | $287.5M | 1.4% | −5.0% |
| NEENextera Energy Inc | $281.8M | 1.4% | −11.6% |
| METAMeta Platforms Inc | $273.2M | 1.3% | −4.8% |
| SPYState Str Spdr S&p 500 Etf T | $269.2M | 1.3% | −15.1% |
| TSLATesla Inc | $261.5M | 1.3% | −5.1% |
| UNPUnion Pac Corp | $229.2M | 1.1% | −9.6% |
| LLYEli Lilly & Co | $209.6M | 1.0% | −5.3% |
| AMDAdvanced Micro Devices Inc | $209.2M | 1.0% | −5.2% |
| BRK/BBerkshire Hathaway Inc Del | $202.6M | 1.0% | −5.2% |
| JPMJpmorgan Chase & Co | $193.7M | 0.9% | −5.8% |
| SOSouthern Co | $171.9M | 0.8% | −8.1% |
| DUKDuke Energy Corp New | $157.0M | 0.8% | −10.2% |
| INTCIntel Corp | $145.7M | 0.7% | −4.6% |
| AMTAmerican Tower Corp | $138.8M | 0.7% | −7.6% |
| JNJJohnson & Johnson | $135.0M | 0.7% | −5.3% |
| AEPAmerican Elec Pwr Co Inc | $127.7M | 0.6% | −1.8% |
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 Corporation | June 30, 2020 | +2006.7% | $1.1B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $395.0M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $126.7M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $209.2M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $108.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $209.6M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $119.7M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $462.8M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $368.9M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $193.7M |
Sold off last quarter
- WMBWilliams Cos Inc was $142.3M
- WMTWalmart Inc was $126.9M
- VVisa Inc was $118.4M
- WELLWelltower Inc was $94.0M
- XELXcel Energy Inc was $83.4M
- WECWec Energy Group Inc was $66.9M
- WFCWells Fargo & Co was $57.4M
- Honeywell Intl IncCUSIP 438516106 was $33.4M
- VSTVistra Corp was $25.1M
- WDCWestern Digital Corp was $21.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.8% | +14.8% |
| March 31, 2026 | −1.5% | −4.6% |
| December 31, 2025 | +1.1% | +2.4% |
| September 30, 2025 | +6.3% | +7.8% |
| June 30, 2025 | +7.5% | +10.5% |
| March 31, 2025 | −2.4% | −4.6% |
| December 31, 2024 | +0.2% | +2.1% |
| September 30, 2024 | +7.3% | +5.4% |
| June 30, 2024 | +2.5% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −4.8% | −3.6% |
| June 30, 2023 | +4.3% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +7.1% | +7.1% |
| September 30, 2022 | −5.9% | −5.3% |
| June 30, 2022 | −15.1% | −16.5% |
| March 31, 2022 | −3.8% | −4.9% |
| December 31, 2021 | +6.9% | +10.7% |
| September 30, 2021 | −0.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Commonwealth Of Pennsylvania Public School Empls Retrmt Sys Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1083190&type=13F-HR&dateb=&owner=include&count=40CIK 1083190
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1083190/000108319026000007/Filed July 17, 2026 · accession 0001083190-26-000007