Institution

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys

13F for the quarter to June 30, 2026, filed July 17, 2026 · SEC CIK 1083190

Reported value: $20.6bn
Positions we cover: 1,455
Copy, a year: +10.7%
Copy Sharpe ratio: 0.56

How copying its 13F would have done

CopyS&P 500 $10,000 copying Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −40.8% (S&P 500 −31.8%); beta 1.00; alpha −2.9% a year (t = −1.78); last 12 months +11.9% against +12.1%.

Reported value by quarter

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$5.8B
2013-09-30	$6B
2013-12-31	$6.3B
2014-03-31	$6.5B
2014-06-30	$6.8B
2014-09-30	$6.7B
2014-12-31	$6.8B
2015-03-31	$5.6B
2015-06-30	$5.5B
2015-09-30	$4.2B
2015-12-31	$4.8B
2016-03-31	$4.7B
2016-06-30	$5.4B
2016-09-30	$5.1B
2016-12-31	$5.4B
2017-03-31	$5.9B
2017-06-30	$6.5B
2017-09-30	$6.8B
2017-12-31	$7.3B
2018-03-31	$7.2B
2018-06-30	$7.4B
2018-09-30	$7.1B
2018-12-31	$5.1B
2019-03-31	$5.8B
2019-06-30	$5.9B
2019-09-30	$5.6B
2019-12-31	$5.7B
2020-03-31	$4.4B
2020-06-30	$5.4B
2020-09-30	$5.1B
2020-12-31	$7.1B
2021-03-31	$8.1B
2021-06-30	$9B
2021-09-30	$8.6B
2021-12-31	$9.5B
2022-03-31	$10.1B
2022-06-30	$9.4B
2022-09-30	$9.9B
2022-12-31	$11.8B
2023-03-31	$11.7B
2023-06-30	$12.8B
2023-09-30	$12.1B
2023-12-31	$13.8B
2024-03-31	$14.6B
2024-06-30	$15.1B
2024-09-30	$15.8B
2024-12-31	$16.1B
2025-03-31	$16.9B
2025-06-30	$18.9B
2025-09-30	$19.9B
2025-12-31	$19.7B
2026-03-31	$19.6B
2026-06-30	$20.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	5.20%	$1.1bn	5.35M	−5.5% Reduced
AAPLApple Inc.	4.56%	$938.7m	3.24M	−5.1% Reduced
MSFTMicrosoft Corporation	2.97%	$612.0m	1.64M	−5.1% Reduced
AMZNAmazon	2.50%	$515.3m	2.16M	−5.0% Reduced
GOOGLAlphabet Inc. (Class A)	2.25%	$462.8m	1.30M	−4.5% Reduced
AVGOBroadcom	1.92%	$395.0m	1.05M	−5.3% Reduced
MUMicron Technology	1.40%	$287.5m	249.1K	−5.0% Reduced
NEENextEra Energy	1.37%	$281.8m	3.21M	−11.6% Reduced
METAMeta Platforms	1.33%	$273.2m	485.0K	−4.8% Reduced
TSLATesla, Inc.	1.27%	$261.5m	621.8K	−5.1% Reduced
UNPUnion Pacific Corporation	1.11%	$229.2m	842.6K	−9.6% Reduced
LLYLilly (Eli)	1.02%	$209.6m	174.7K	−5.3% Reduced
AMDAdvanced Micro Devices	1.02%	$209.2m	360.2K	−5.2% Reduced
JPMJPMorgan Chase	0.94%	$193.7m	591.8K	−5.8% Reduced
SOSouthern Company	0.83%	$171.9m	1.80M	−8.1% Reduced
DUKDuke Energy	0.76%	$157.0m	1.24M	−10.2% Reduced
INTCIntel	0.71%	$145.7m	1.04M	−4.6% Reduced
AMTAmerican Tower	0.67%	$138.8m	848.8K	−7.6% Reduced
JNJJohnson & Johnson	0.66%	$135.0m	531.7K	−5.3% Reduced
AEPAmerican Electric Power	0.62%	$127.7m	933.5K	−1.8% Reduced
AMATApplied Materials	0.62%	$126.7m	175.3K	−5.2% Reduced
CSXCSX Corporation	0.61%	$126.2m	2.65M	−9.6% Reduced
PLDPrologis	0.59%	$122.2m	901.9K	+41.3% Added
LRCXLam Research	0.58%	$119.7m	276.2K	−5.0% Reduced
CATCaterpillar Inc.	0.53%	$108.3m	101.7K	−6.1% Reduced
CSCOCisco	0.50%	$102.5m	872.4K	−5.2% Reduced
EQIXEquinix	0.49%	$101.3m	97.2K	+29.8% Added
NSCNorfolk Southern	0.49%	$101.3m	322.0K	−9.0% Reduced
ABBVAbbVie	0.48%	$98.2m	390.2K	−5.2% Reduced
SRESempra	0.47%	$96.5m	1.04M	−10.2% Reduced
DDominion Energy	0.47%	$95.6m	1.40M	−7.5% Reduced
COSTCostco	0.45%	$91.7m	98.0K	−5.2% Reduced
MAMastercard	0.45%	$91.5m	178.2K	−6.1% Reduced
KMIKinder Morgan	0.44%	$91.0m	2.85M	−6.6% Reduced
KLACKLA Corporation	0.42%	$87.0m	288.5K	+845.0% Added
GEGE Aerospace	0.42%	$86.1m	230.4K	−5.7% Reduced
ETREntergy	0.41%	$83.6m	728.3K	−8.2% Reduced
UNHUnitedHealth Group	0.41%	$83.4m	200.6K	−4.9% Reduced
TRGPTarga Resources	0.40%	$82.8m	308.9K	−9.4% Reduced
BACBank of America	0.40%	$82.2m	1.44M	−6.7% Reduced
OKEOneok	0.39%	$79.5m	914.9K	−8.9% Reduced
HDThe Home Depot	0.38%	$77.6m	220.0K	−5.1% Reduced
EXCExelon	0.37%	$76.0m	1.63M	−9.2% Reduced
PGProcter & Gamble	0.37%	$75.4m	514.3K	−5.0% Reduced
SNDKSandisk	0.36%	$74.4m	32.7K	−4.9% Reduced
PEGPublic Service Enterprise Group	0.34%	$70.2m	864.9K	−8.1% Reduced
MRKMerck & Co.	0.34%	$70.1m	545.5K	−5.6% Reduced
GEVGE Vernova	0.34%	$69.7m	59.4K	−5.5% Reduced
KOThe Coca-Cola Company	0.34%	$69.5m	855.3K	−5.2% Reduced
SPGSimon Property Group	0.34%	$69.4m	310.3K	+39.1% Added
CVXChevron Corporation	0.33%	$68.5m	413.5K	−5.3% Reduced
NFLXNetflix	0.32%	$66.4m	930.1K	−5.4% Reduced
GSGoldman Sachs	0.32%	$65.9m	65.2K	−6.7% Reduced
CCICrown Castle	0.32%	$65.8m	869.1K	−6.1% Reduced
EDConsolidated Edison	0.32%	$64.9m	586.7K	−8.3% Reduced
PCGPG&E Corporation	0.31%	$64.3m	3.82M	−16.1% Reduced
PMPhilip Morris International	0.30%	$62.3m	344.2K	−5.1% Reduced
LNGCheniere Energy, Inc.	0.30%	$61.3m	256.4K	−24.8% Reduced
PANWPalo Alto Networks	0.30%	$61.1m	179.1K	−4.8% Reduced
DLRDigital Realty	0.29%	$60.0m	334.0K	+44.2% Added
TXNTexas Instruments	0.29%	$59.9m	201.0K	−4.9% Reduced
PLTRPalantir Technologies Inc.	0.29%	$59.2m	507.1K	−4.7% Reduced
IBMIBM	0.28%	$58.4m	207.6K	−4.7% Reduced
MRVLMarvell Technology	0.28%	$57.6m	193.4K	New
AEEAmeren	0.28%	$56.9m	503.2K	−6.8% Reduced
RTXRTX Corporation	0.27%	$56.4m	297.4K	−4.9% Reduced
ORealty Income	0.27%	$55.9m	902.9K	+43.2% Added
MSMorgan Stanley	0.27%	$55.3m	264.8K	−5.5% Reduced
ORCLOracle Corporation	0.27%	$54.9m	374.8K	−5.1% Reduced
LINLinde plc	0.26%	$53.0m	102.1K	−6.1% Reduced
CCitigroup	0.26%	$52.7m	376.7K	−7.5% Reduced
ATOAtmos Energy	0.24%	$49.7m	288.8K	−4.4% Reduced
EIXEdison International	0.24%	$48.9m	656.6K	−8.1% Reduced
CEGConstellation Energy	0.24%	$48.7m	196.2K	+9.8% Added
PSAPublic Storage	0.24%	$48.7m	152.9K	+40.8% Added
APHAmphenol	0.23%	$47.9m	271.7K	−5.1% Reduced
STXSeagate Technology	0.23%	$47.8m	49.5K	−2.5% Reduced
CNPCenterPoint Energy	0.22%	$45.8m	1.04M	−10.0% Reduced
SBACSBA Communications	0.22%	$44.8m	254.0K	−5.1% Reduced
GLWCorning Inc.	0.21%	$44.2m	173.0K	−4.9% Reduced
PPLPPL Corporation	0.21%	$43.5m	1.20M	−8.8% Reduced
ESEversource Energy	0.21%	$43.3m	598.6K	−10.2% Reduced
AMGNAmgen	0.21%	$43.2m	119.2K	−5.0% Reduced
QCOMQualcomm	0.21%	$43.0m	232.8K	−6.3% Reduced
CRWDCrowdStrike	0.21%	$42.9m	56.2K	−4.3% Reduced
ADIAnalog Devices	0.21%	$42.8m	107.8K	−5.3% Reduced
MCDMcDonald's	0.21%	$42.4m	156.9K	−5.4% Reduced
VTRVentas	0.20%	$41.7m	469.1K	+45.0% Added
FEFirstEnergy	0.20%	$41.3m	869.1K	−10.1% Reduced
TMOThermo Fisher Scientific	0.20%	$41.2m	82.1K	−6.2% Reduced
PEPPepsiCo	0.20%	$40.9m	301.9K	−5.2% Reduced
AWKAmerican Water Works	0.20%	$40.8m	310.2K	−10.3% Reduced
AXPAmerican Express	0.19%	$39.8m	117.6K	−5.8% Reduced
VZVerizon	0.19%	$39.0m	922.3K	−6.1% Reduced
ANETArista Networks	0.19%	$38.7m	228.1K	−5.2% Reduced
LNTAlliant Energy	0.19%	$38.3m	501.7K	−8.2% Reduced
BABoeing	0.18%	$37.7m	174.1K	−4.8% Reduced
EVRGEvergy	0.18%	$37.6m	435.0K	−7.6% Reduced
CMSCMS Energy	0.18%	$37.5m	489.6K	−9.0% Reduced
TJXTJX Companies	0.18%	$37.0m	244.2K	−5.6% Reduced
DISThe Walt Disney Company	0.18%	$36.9m	383.5K	−7.1% Reduced
ETNEaton Corporation	0.18%	$36.5m	85.8K	−5.2% Reduced
NINiSource	0.18%	$36.2m	761.8K	−10.0% Reduced
IRMIron Mountain	0.18%	$36.2m	286.4K	+41.6% Added
DEDeere & Company	0.17%	$35.2m	55.5K	−5.5% Reduced
ABTAbbott Laboratories	0.17%	$34.9m	384.7K	−5.0% Reduced
MELIMercadolibre Inc	0.17%	$34.8m	20.5K	−16.4% Reduced
GILDGilead Sciences	0.17%	$34.6m	274.2K	−5.1% Reduced
SCHWCharles Schwab Corporation	0.16%	$33.3m	361.1K	−7.2% Reduced
VICIVici Properties	0.16%	$33.1m	1.25M	+69.8% Added
UBERUber	0.16%	$32.4m	449.6K	−6.2% Reduced
TAT&T	0.15%	$31.8m	1.53M	−5.9% Reduced
ISRGIntuitive Surgical	0.15%	$31.1m	78.2K	−5.4% Reduced
BLKBlackRock	0.15%	$30.7m	31.9K	−5.1% Reduced
APPApplovin Corp	0.15%	$30.6m	59.4K	−5.9% Reduced
BKNGBooking Holdings	0.15%	$30.5m	171.2K	+2179.3% Added
PFEPfizer	0.15%	$30.3m	1.26M	−5.0% Reduced
EXRExtra Space Storage	0.14%	$29.5m	203.2K	+39.9% Added
CVSCVS Health	0.14%	$29.2m	281.8K	−4.9% Reduced
VRTVertiv	0.14%	$28.4m	84.8K	−4.8% Reduced
CRMSalesforce	0.14%	$28.3m	180.7K	−17.2% Reduced
PGRProgressive Corporation	0.14%	$28.2m	129.1K	−5.5% Reduced
SESea Ltd	0.14%	$28.1m	293.4K	−16.5% Reduced
COPConocoPhillips	0.14%	$28.0m	269.1K	−5.7% Reduced
CRHCRH plc	0.14%	$27.9m	260.6K	+66.9% Added
VRTXVertex Pharmaceuticals	0.14%	$27.8m	56.1K	−5.3% Reduced
COFCapital One	0.13%	$27.6m	137.4K	−5.6% Reduced
DELLDell Technologies	0.13%	$27.6m	63.9K	−7.7% Reduced
LOWLowe's	0.13%	$27.3m	123.7K	−5.3% Reduced
SPGIS&P Global	0.13%	$27.3m	67.0K	−6.0% Reduced
PHParker Hannifin	0.13%	$27.2m	27.8K	−5.3% Reduced
CBChubb Limited	0.13%	$27.1m	79.7K	−6.0% Reduced
ASTSAST Spacemobile, Inc.	0.13%	$27.0m	303.7K	+5.4% Added
MOAltria	0.13%	$26.5m	368.8K	−5.7% Reduced
DHRDanaher Corporation	0.13%	$26.5m	139.1K	−5.1% Reduced
BMYBristol Myers Squibb	0.13%	$26.0m	451.0K	−4.9% Reduced
SBUXStarbucks	0.13%	$25.7m	251.7K	−5.1% Reduced
VMRKVivmark Residential	0.12%	$24.0m	353.7K	+40.2% Added
SYKStryker Corporation	0.12%	$24.0m	76.2K	−5.0% Reduced
TTTrane Technologies	0.12%	$24.0m	48.8K	−5.3% Reduced
PWRQuanta Services	0.12%	$23.9m	33.1K	−4.6% Reduced
HWMHowmet Aerospace	0.12%	$23.8m	88.4K	−5.4% Reduced
CDNSCadence Design Systems Inc	0.11%	$22.9m	60.9K	−3.9% Reduced
LMTLockheed Martin	0.11%	$22.8m	44.8K	−5.0% Reduced
NOWServiceNow	0.11%	$22.6m	227.8K	−6.5% Reduced
MDTMedtronic	0.11%	$22.2m	283.6K	−5.0% Reduced
NEMNewmont	0.11%	$22.0m	235.8K	−7.2% Reduced
BNYBNY Mellon	0.11%	$21.9m	151.6K	−5.4% Reduced
PNCPNC Financial Services	0.11%	$21.8m	88.7K	−5.7% Reduced
CMICummins	0.11%	$21.7m	30.5K	−5.3% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$77.8m	258.0K
MRVLMarvell Technology	$57.6m	193.4K
PLDPrologis	$35.7m	263.5K
BKNGBooking Holdings	$29.2m	163.6K
EQIXEquinix	$23.3m	22.3K
SPGSimon Property Group	$19.5m	87.2K
DLRDigital Realty	$18.4m	102.3K
ORealty Income	$16.9m	272.3K
HONHoneywell Technologies	$15.8m	70.4K
HONAHoneywell Aerospace	$15.5m	70.0K
PSAPublic Storage	$14.1m	44.3K
VICIVici Properties	$13.6m	512.7K
VTRVentas	$12.9m	145.5K
CRHCRH plc	$11.2m	104.5K
IRMIron Mountain	$10.6m	84.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
WMBWilliams Companies	−$142.3m	−1.95M
WMTWalmart	−$126.9m	−1.02M
VVisa Inc.	−$118.4m	−391.6K
WELLWelltower	−$94.0m	−475.2K
XELXcel Energy	−$83.4m	−1.05M
WECWEC Energy Group	−$66.9m	−577.7K
NVDANVIDIA Corporation	−$62.2m	−310.9K
WFCWells Fargo	−$57.4m	−720.4K
AAPLApple Inc.	−$50.9m	−175.8K
NEENextEra Energy	−$36.9m	−420.8K
MSFTMicrosoft Corporation	−$33.2m	−89.0K
AMZNAmazon	−$27.0m	−113.4K
VSTVistra Corp.	−$25.1m	−166.7K
UNPUnion Pacific Corporation	−$24.2m	−89.0K
AVGOBroadcom	−$22.2m	−58.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WMBWilliams Companies	$142.3m	1.95M
WMTWalmart	$126.9m	1.02M
VVisa Inc.	$118.4m	391.6K
WELLWelltower	$94.0m	475.2K
XELXcel Energy	$83.4m	1.05M
WECWEC Energy Group	$66.9m	577.7K
WFCWells Fargo	$57.4m	720.4K
VSTVistra Corp.	$25.1m	166.7K
WDCWestern Digital	$21.4m	79.0K
WMWaste Management	$19.9m	86.4K
INTRInter & Co, Inc.	$19.4m	2.43M
ZTSZoetis	$11.6m	98.3K
WPCW. P. Carey Inc.	$10.4m	153.5K
YUMYum! Brands	$10.1m	64.7K
WABWabtec	$9.9m	39.7K
VMCVulcan Materials Company	$8.4m	30.8K
WATWaters Corporation	$6.8m	22.8K
XYLXylem Inc.	$6.8m	56.7K
WDAYWorkday, Inc.	$6.4m	49.6K
VIPSVipshop Holdings Ltd	$6.0m	378.8K
XPOXPO, Inc.	$5.7m	29.4K
WWDWoodward, Inc.	$5.3m	14.9K
CCXIChurchill Capital Corp XI	$5.1m	500.0K
WSMWilliams-Sonoma, Inc.	$5.1m	27.8K
WSTWest Pharmaceutical Services	$4.2m	16.8K
ZBHZimmer Biomet	$4.2m	46.2K
WYWeyerhaeuser	$4.1m	167.8K
WCCWesco International Inc	$3.3m	12.2K
WSOWatsco Inc	$3.2m	8.8K
VNOVornado Realty Trust	$3.1m	120.3K

Technology31.3%
Utilities11.6%
Industrials10.7%
Financials8.3%
Consumer Discretionary8.1%
Real Estate7.6%
Health Care7.6%
Communication Services6.1%
Energy3.4%
Consumer Staples3.3%
Materials1.9%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+10.7%	+14.1%	0.56	0.78	−40.8%	1.00
2018 onwardsJanuary 5, 2018 to November 2, 2026	+10.4%	+13.9%	0.47	0.66	−40.8%	0.99
Last three yearsNovember 3, 2023 to November 2, 2026	+19.4%	+21.8%	1.16	1.16	−14.4%	0.82
Last yearNovember 7, 2025 to November 2, 2026	+13.3%	+14.2%	0.92	0.84	−6.8%	0.75

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.