CO
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys: 13F Stock Holdings & Portfolio (Q2 2026)
Commonwealth Of Pennsylvania Public School Empls Retrmt SysCIK: 0001083190
Diversified strategyMomentum follower
Total reported value
$20.6B
Reporting period: 2026-06-30 · Number of holdings: 1759
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS disclosed 1759 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $20.6B and a quarterly turnover rate of 25.5%.
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Personality snowflake
- Concentration
- 4.55
- Portfolio Stability
- 25.49
- Momentum
- 92.83
- Sector conviction
- 45.63
- Diversification
- 100
- Sizing Uniformity
- 56.38
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 88 equally-sized positions, well below its 1759 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.36), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd IEMG
+52.6% $210.6M
Add MU
-5.0% $198.9M
Sold out WMB
Sold out WMT
Add AMD
-5.2% $132.0M
Sold out V
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
The institution executed a clear rotation this quarter: it added to iShares Core MSCI Emerging Markets ETF (IEMG) and Invesco S&P 500 Equal Weight ETF (RSP), while fully exiting WMB, WMT, and V. Simultaneously, it trimmed shares of MU, AMD, and INTC, yet the weights of all three rose sharply—indicating price appreciation outpaced the active reduction. The net effect is a shift from individual large-cap names toward broader index products, with an unintended build-up in semiconductor exposure driven by price gains.
Macro & Fundamentals
This pattern is consistent with a broadening market trend, where capital flows into emerging markets and equal‑weight indices suggest growing anticipation that narrow mega‑cap leadership may be maturing. The elimination of defensive stalwarts like Walmart and Visa also fits a rotation narrative away from stable compounders and toward cyclical or momentum segments—though the data alone cannot confirm intent.
Blind Spots / Risks
A key blind spot is the involuntary concentration in semiconductor stocks. Despite trimming, the combined weight of MU, AMD, and INTC increased from approximately 1.09% to 3.13% purely due to price moves. If semiconductor fundamentals reverse, this unintended overweight could become a disproportionate drag. The institution’s strong momentum tilt (score 92.83) may make it slower to detect such price‑driven risk accumulation.
Produced with AI assistance from this institution's Form 13F data on SEC EDGAR. Historical only; not a personalized investment recommendation — the original filing is linked below. View the original 2026-06-30 Form 13F filing on SEC.gov
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1759 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 5.20% | +0.17% | -5.49% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.56% | +0.14% | -5.14% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.97% | -0.29% | -5.15% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.50% | +0.09% | -4.99% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.28% | +0.96% | +52.57% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.26% | +0.48% | +20.52% | |
| 7 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.25% | +0.26% | -4.50% | |
| 8 | AVGO | Broadcom Inc | Stock-Tech | 1.92% | +0.18% | -5.31% | |
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.79% | +0.20% | -4.17% | |
| 10 | MU | Micron Technology Inc | Stock-Tech | 1.40% | +0.95% | -4.99% | |
| 11 | NEE | Nextera Energy Inc | Stock-Utilities | 1.37% | -0.35% | -11.59% | |
| 12 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.33% | -0.16% | -4.80% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.31% | -0.10% | -15.11% | |
| 14 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.27% | +0.03% | -5.08% | |
| 15 | UNP | Union Pacific CORP | Stock-Industrials | 1.11% | -0.04% | -9.55% | |
| 16 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.02% | +0.16% | -5.34% | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 1.02% | +0.63% | -5.17% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.98% | -0.06% | -5.20% | |
| 19 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.94% | — | -5.77% | |
| 20 | SO | Southern Co/the | Stock-Utilities | 0.83% | -0.13% | -8.13% | |
| 21 | DUK | Duke Energy CORP | Stock-Utilities | 0.76% | -0.16% | -10.15% | |
| 22 | INTC | Intel CORP | Stock-Tech | 0.71% | +0.46% | -4.59% | |
| 23 | AMT | American Tower CORP | Stock-Real Estate | 0.67% | -0.14% | -7.56% | |
| 24 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.66% | -0.04% | -5.29% | |
| 25 | AEP | American Electric Power | Stock-Utilities | 0.62% | -0.01% | -1.81% | |
| 26 | AMAT | Applied Materials Inc | Stock-Tech | 0.62% | +0.30% | -5.19% | |
| 27 | CSX | Csx CORP | Stock-Industrials | 0.61% | — | -9.63% | |
| 28 | XOM | Exxon Mobil CORP | Stock-Energy | 0.61% | -0.23% | -5.95% | |
| 29 | PLD | Prologis Inc | Stock-Real Estate | 0.59% | +0.16% | +41.29% | |
| 30 | LRCX | Lam Research CORP | Stock-Tech | 0.58% | +0.26% | -5.04% | |
| 31 | CAT | Caterpillar Inc | Stock-Industrials | 0.53% | +0.14% | -6.14% | |
| 32 | CSCO | Cisco Systems Inc | Stock-Tech | 0.50% | +0.14% | -5.21% | |
| 33 | EQIX | Equinix Inc | Stock-Real Estate | 0.49% | +0.12% | +29.82% | |
| 34 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.49% | -0.03% | -8.98% | |
| 35 | ABBV | Abbvie Inc | Stock-Healthcare | 0.48% | +0.02% | -5.21% | |
| 36 | SRE | Sempra | Stock-Utilities | 0.47% | -0.10% | -10.15% | |
| 37 | D | Dominion Energy Inc | Stock-Utilities | 0.46% | -0.02% | -7.53% | |
| 38 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.45% | -0.07% | -5.23% | |
| 39 | MA | Mastercard Inc - A | Stock-Financials | 0.44% | -0.04% | -6.06% | |
| 40 | KMI | Kinder Morgan, Inc. | Stock-Energy | 0.44% | -0.08% | -6.63% | |
| 41 | KLAC | Kla CORP | Stock-Tech | 0.42% | +0.19% | +844.95% | |
| 42 | GE | General Electric | Stock-Industrials | 0.42% | +0.07% | -5.68% | |
| 43 | ETR | Entergy CORP | Stock-Utilities | 0.41% | -0.04% | -8.24% | |
| 44 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.40% | +0.11% | -4.94% | |
| 45 | TRGP | Targa Resources CORP | Stock-Energy | 0.40% | -0.04% | -9.40% | |
| 46 | BAC | Bank Of America CORP | Stock-Financials | 0.40% | +0.02% | -6.70% | |
| 47 | OKE | Oneok Inc | Stock-Energy | 0.39% | -0.07% | -8.88% | |
| 48 | HD | Home Depot Inc | Stock-Consumer Disc | 0.38% | -0.01% | -5.13% | |
| 49 | EXC | Exelon CORP | Stock-Utilities | 0.37% | -0.08% | -9.22% | |
| 50 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.37% | -0.03% | -4.99% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.1%
Performance Last 4 Quarters
+19.2%
- Stdev
- +11.4%
- Beta
- +0.85
- Alpha
- -0.1%
- Max Drawdown
- -7.3%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.98
- Stutzer
- +0.43
- Treynor
- +0.2
- Sterling
- +1.16
- Calmar
- +2.41
- Information Ratio
- -0.85
- Tracking Error
- +3.7%
- Stdev Down
- +5.7%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +31.2%
- Worst 12 Months
- +8.1%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.48
- Stdev Sectors
- +7.5%
- Skewness
- 0
- Kurtosis
- -0.12
- Upside Potential
- +4.57
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 1759 | $20.6B | 25 | ||
| 2026 Q1 | 1755 | $19.6B | 19 | ||
| 2025 Q4 | 1719 | $19.7B | 11 | ||
| 2025 Q3 | 1700 | $19.9B | 31 | ||
| 2025 Q2 | 1658 | $18.9B | 0 | ||
| 2025 Q1 | 1621 | $16.9B | 100 | ||
| 2024 Q4 | 1607 | $16.1B | 0 | ||
| 2024 Q3 | 1585 | $15.8B | 0 | ||
| 2024 Q2 | 1552 | $15.1B | 0 | ||
| 2024 Q1 | 1535 | $14.6B | 0 | ||
| 2023 Q4 | 1523 | $13.8B | 0 | ||
| 2023 Q3 | 1622 | $12.1B | 0 | ||
| 2023 Q2 | 1652 | $12.8B | 0 | ||
| 2023 Q1 | 1725 | $11.7B | 0 | ||
| 2022 Q4 | 1804 | $11.8B | 0 | ||
| 2022 Q3 | 1925 | $9.9B | 0 | ||
| 2022 Q2 | 1943 | $9.4B | 0 | ||
| 2022 Q1 | 1889 | $10.1B | 0 | ||
| 2021 Q4 | 1828 | $9.5B | 0 | ||
| 2021 Q3 | 1803 | $8.6B | 0 | ||
| 2021 Q2 | 1802 | $9.0B | 100 | ||
| 2021 Q1 | 1725 | $8.1B | 23 | ||
| 2020 Q4 | 1683 | $7.1B | 38 | ||
| 2020 Q3 | 1655 | $5.1B | 72 | ||
| 2020 Q2 | 1620 | $5.4B | 34 | ||
| 2020 Q1 | 1599 | $4.4B | 44 | ||
| 2019 Q4 | 1569 | $5.7B | 19 | ||
| 2019 Q3 | 1555 | $5.6B | 31 | ||
| 2019 Q2 | 1563 | $5.9B | 25 | ||
| 2019 Q1 | 1572 | $5.8B | 28 | ||
| 2018 Q4 | 1564 | $5.1B | 44 | ||
| 2018 Q3 | 1527 | $7.1B | 36 | ||
| 2018 Q2 | 1492 | $7.4B | 30 | ||
| 2018 Q1 | 1222 | $7.2B | 24 | ||
| 2017 Q4 | 1107 | $7.3B | 21 | ||
| 2017 Q3 | 1113 | $6.8B | 23 | ||
| 2017 Q2 | 1118 | $6.5B | 38 | ||
| 2017 Q1 | 1133 | $5.9B | 26 | ||
| 2016 Q4 | 1114 | $5.4B | 24 | ||
| 2016 Q3 | 1130 | $5.1B | 28 | ||
| 2016 Q2 | 1149 | $5.4B | 30 | ||
| 2016 Q1 | 1122 | $4.7B | 31 | ||
| 2015 Q4 | 1105 | $4.8B | 37 | ||
| 2015 Q3 | 1109 | $4.2B | 47 | ||
| 2015 Q2 | 1233 | $5.5B | 24 | ||
| 2015 Q1 | 1167 | $5.6B | 46 | ||
| 2014 Q4 | 1182 | $6.8B | 28 | ||
| 2014 Q3 | 1165 | $6.7B | 25 | ||
| 2014 Q2 | 1472 | $6.8B | 24 | ||
| 2014 Q1 | 1310 | $6.5B | 24 | ||
| 2013 Q4 | 1349 | $6.3B | 26 | ||
| 2013 Q3 | 1331 | $6.0B | 24 | ||
| 2013 Q2 | 1324 | $5.8B | — |
Holding changes this quarter
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's most significant position changes for 2026-06-30: Sold out: Williams Cos Inc (WMB); Sold out: Walmart Inc (WMT); Sold out: Visa Inc-class A Shares (V); Sold out: Welltower Inc (WELL); Sold out: Xcel Energy Inc (XEL).
Showing top 200 changes by size (of 1915 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IEMG | Ishares Core Msci Emerging | +1% | +52.57% | Add |
| 2 | MU | Micron Technology Inc | +1% | -4.99% | Trim |
| 3 | AMD | Advanced Micro Devices | +0.6% | -5.17% | Trim |
| 4 | RSP | Invesco S&p 500 Equal Weight | +0.5% | +20.52% | Add |
| 5 | INTC | Intel CORP | +0.5% | -4.59% | Trim |
| 6 | AMAT | Applied Materials Inc | +0.3% | -5.19% | Trim |
| 7 | MRVL | Marvell Technology Inc | +0.3% | NEW | New buy |
| 8 | GOOGL | Alphabet Inc-cl A | +0.3% | -4.50% | Trim |
| 9 | LRCX | Lam Research CORP | +0.3% | -5.04% | Trim |
| 10 | SNDK | Sandisk CORP | +0.3% | -4.87% | Trim |
| 11 | GOOG | Alphabet Inc-cl C | +0.2% | -4.17% | Trim |
| 12 | KLAC | Kla CORP | +0.2% | +844.95% | Add |
| 13 | AVGO | Broadcom Inc | +0.2% | -5.31% | Trim |
| 14 | NVDA | Nvidia CORP | +0.2% | -5.49% | Trim |
| 15 | LLY | Eli Lilly & Co | +0.2% | -5.34% | Trim |
| 16 | PLD | Prologis Inc | +0.2% | +41.29% | Add |
| 17 | PANW | Palo Alto Networks Inc | +0.2% | -4.84% | Trim |
| 18 | AAPL | Apple Inc | +0.1% | -5.14% | Trim |
| 19 | CAT | Caterpillar Inc | +0.1% | -6.14% | Trim |
| 20 | CSCO | Cisco Systems Inc | +0.1% | -5.21% | Trim |
| 21 | STX | Seagate Technology Holdings plc | +0.1% | -2.51% | Trim |
| 22 | SPG | Simon Property Group Inc | +0.1% | +39.09% | Add |
| 23 | EQIX | Equinix Inc | +0.1% | +29.82% | Add |
| 24 | EWJ | Ishares Msci Japan ETF | +0.1% | +100.00% | Add |
| 25 | UNH | Unitedhealth Group Inc | +0.1% | -4.94% | Trim |
| 26 | AMZN | Amazon.com Inc | +0.1% | -4.99% | Trim |
| 27 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -4.26% | Trim |
| 28 | PSA | Public Storage | +0.1% | +40.78% | Add |
| 29 | GLW | Corning Inc | +0.1% | -4.88% | Trim |
| 30 | TXN | Texas Instruments Inc | +0.1% | -4.92% | Trim |
| 31 | DLR | Digital Realty Trust Inc | +0.1% | +44.17% | Add |
| 32 | ✓ | +0.1% | NEW | New buy | |
| 33 | ✓ | +0.1% | NEW | New buy | |
| 34 | O | Realty Income CORP | +0.1% | +43.17% | Add |
| 35 | GE | General Electric | +0.1% | -5.68% | Trim |
| 36 | DELL | Dell Technologies -c | +0.1% | -7.71% | Trim |
| 37 | IRM | Iron Mountain Inc | +0.1% | +41.57% | Add |
| 38 | VTR | Ventas Inc | +0.1% | +44.97% | Add |
| 39 | GEV | GE Vernova Inc | +0.1% | -5.47% | Trim |
| 40 | VICI | Vici Properties Inc | +0.1% | +69.78% | Add |
| 41 | CRH | CRH plc | +0.1% | +66.90% | Add |
| 42 | APH | Amphenol Corp-cl A | +0.1% | -5.10% | Trim |
| 43 | QCOM | Qualcomm Inc | +0.1% | -6.34% | Trim |
| 44 | EXR | Extra Space Storage Inc | 0% | +39.90% | Add |
| 45 | DDOG | Datadog Inc - Class A | 0% | -4.44% | Trim |
| 46 | AVB | Avalonbay Communities Inc | 0% | +37.60% | Add |
| 47 | ANET | Arista Networks Inc | 0% | -5.19% | Trim |
| 48 | EQR | Equity Residential | 0% | +40.20% | Add |
| 49 | FTNT | Fortinet Inc | 0% | -6.58% | Trim |
| 50 | ✓ | Carnival CORP LTD F | 0% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Commonwealth Of Pennsylvania Public School Empls Retrmt Sys and what type of investor is it?
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $20.6B, spread across 1759 disclosed positions.
What are Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's largest equity positions?
Based on the latest 13F filing, Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's top holdings by market value are:
1. Nvidia CORP (NVDA) — $1.1B (5.2%)
2. Apple Inc (AAPL) — $938.7M (4.6%)
3. Microsoft CORP (MSFT) — $612.0M (3.0%)
4. Amazon.com Inc (AMZN) — $515.3M (2.5%)
5. Ishares Core Msci Emerging (IEMG) — $470.0M (2.3%)
What changes did Commonwealth Of Pennsylvania Public School Empls Retrmt Sys make in its most recent portfolio filing?
In the latest reported quarter, Commonwealth Of Pennsylvania Public School Empls Retrmt Sys made 200 notable position adjustments: 16 new positions were initiated, 33 existing holdings were added to, 112 positions were partially reduced, and 39 were completely exited. The largest of these moves: Sold out: Williams Cos Inc (WMB); Sold out: Walmart Inc (WMT); Sold out: Visa Inc-class A Shares (V); Sold out: Welltower Inc (WELL); Sold out: Xcel Energy Inc (XEL)
What sectors does Commonwealth Of Pennsylvania Public School Empls Retrmt Sys focus on?
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 31.0%
• Utilities: 11.3%
• Industrials: 9.8%
• Consumer Discretionary: 8.3%
• Communication Services: 8.0%
• Financials: 7.9%
Investment Profile
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys returned an annualized 17.5% over the trailing 36 months — underperforming the S&P 500 by 0.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.85 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 31.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$213.0M, now $287.5M), while trimming MSFT over the same stretch (-$224.1M, still holding $612.0M).
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Developer Access
Access Commonwealth Of Pennsylvania Public School Empls Retrmt Sys's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/commonwealth-of-pennsylvania-public-school-empls-retrmt-sysCLI
npx alphasmo institutions get commonwealth-of-pennsylvania-public-school-empls-retrmt-sys