13F holdings
California Public Employees Retirement System portfolio
Managed by . 1,064 reported positions worth $162.5B as of 2026-03-31, filed with the SEC on 2026-05-06. Parsed from the filing itself, not a reseller.
$162.5B
Book value
1,064
Positions
44%
Top 10 weight
+26
New this quarter
-48
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 36 days old on 2026-05-06, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (26)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| IVV | ISHARES TR | $828.0M | 1,267,527 | 0.51% |
| AMCR | AMCOR PLC | $26.5M | 665,429 | 0.02% |
| ECHO | ECHOSTAR CORP | $25.1M | 214,715 | 0.02% |
| HL | HECLA MINING COMPANY | $24.0M | 1,289,745 | 0.01% |
| PNFP | PINNACLE FINL PARTNERS INC | $23.4M | 271,803 | 0.01% |
| CRWV | COREWEAVE INC | $20.6M | 265,841 | 0.01% |
| ROIV | ROIVANT SCIENCES LTD | $19.2M | 691,463 | 0.01% |
| IREN | IREN LIMITED | $17.7M | 516,207 | 0.01% |
| TTMI | TTM TECHNOLOGIES INC | $16.9M | 173,450 | 0.01% |
| ARWR | ARROWHEAD PHARMACEUTICALS IN | $16.1M | 257,133 | 0.01% |
| PRIM | PRIMORIS SVCS CORP | $14.2M | 99,353 | 0.01% |
| BMNR | BITMINE IMMERSION TECNOLOGIE | $14.1M | 711,435 | 0.01% |
| PRAX | PRAXIS PRECISION MEDICINES I | $13.6M | 42,163 | 0.01% |
| CRCL | CIRCLE INTERNET GROUP INC | $13.3M | 139,507 | 0.01% |
| SITM | SITIME CORP | $11.9M | 34,439 | 0.01% |
| FORM | FORMFACTOR INC | $11.3M | 116,977 | 0.01% |
| SANM | SANMINA CORP | $11.3M | 86,818 | 0.01% |
| SMTC | SEMTECH CORP | $10.9M | 141,886 | 0.01% |
| VSNT | VERSANT MEDIA GROUP INC | $10.7M | 289,935 | 0.01% |
| FCFS | FIRSTCASH HOLDINGS INC | $10.4M | 55,439 | 0.01% |
| UEC | URANIUM ENERGY CORP | $8.6M | 638,511 | 0.01% |
| AXSM | AXSOME THERAPEUTICS INC. | $8.6M | 50,879 | 0.01% |
| INDV | INDIVIOR PHARMACEUTICALS INC | $7.3M | 239,463 | 0.00% |
| GLXY | GALAXY DIGITAL INC. | $5.4M | 295,182 | 0.00% |
| WRD | WERIDE INC | $1.8M | 228,058 | 0.00% |
Closed out (48)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| CYBR | CYBERARK SOFTWARE LTD | $38.1M | 85,449 | 0.00% |
| EXK | EXACT SCIENCES CORP | $34.3M | 337,684 | 0.00% |
| AMCR | AMCOR PLC | $26.8M | 3,216,051 | 0.00% |
| FYBR | FRONTIER COMMUNICATIONS PARE | $22.6M | 594,123 | 0.00% |
| CMA | COMERICA INC | $21.1M | 242,183 | 0.00% |
| DAY | DAYFORCE INC | $19.5M | 281,392 | 0.00% |
| CADE | CADENCE BANK | $16.1M | 376,584 | 0.00% |
| Z | ZILLOW GROUP INC | $15.8M | 231,304 | 0.00% |
| SYU1 | SYNOVUS FINL CORP | $12.9M | 257,550 | 0.00% |
| PINNACLE FINL PARTNERS I | PINNACLE FINL PARTNERS INC | $12.9M | 135,068 | 0.00% |
| 8QR | CONFLUENT INC | $11.8M | 391,049 | 0.00% |
| BEKE | KE HLDGS INC | $11.8M | 749,889 | 0.00% |
| KD | KYNDRYL HLDGS INC | $10.8M | 405,976 | 0.00% |
| ZG | ZILLOW GROUP INC | $9.0M | 132,406 | 0.00% |
| INDV | INDIVIOR PLC | $8.3M | 231,011 | 0.00% |
| QTWO | Q2 HLDGS INC | $8.0M | 110,605 | 0.00% |
| TENB | TENABLE HLDGS INC | $7.8M | 330,346 | 0.00% |
| WK | WORKIVA INC | $7.2M | 83,805 | 0.00% |
| PAG | PENSKE AUTOMOTIVE GRP INC | $6.2M | 39,350 | 0.00% |
| FLO | FLOWERS FOODS INC | $6.1M | 556,984 | 0.00% |
| SPSC | SPS COMM INC | $6.0M | 67,723 | 0.00% |
| EEFT | EURONET WORLDWIDE INC | $6.0M | 78,193 | 0.00% |
| NSIT | INSIGHT ENTERPRISES INC | $5.9M | 72,191 | 0.00% |
| PCH | POTLATCHDELTIC CORPORATION | $5.6M | 141,684 | 0.00% |
| HIW | HIGHWOODS PPTYS INC | $5.4M | 208,557 | 0.00% |
Added to (366)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VOO | VANGUARD INDEX FDS | $20.1B | 33,635,939 | 12.37% | +6% |
| AAPL | APPLE INC | $9.6B | 37,713,677 | 5.89% | +4% |
| MSFT | MICROSOFT CORP | $8.1B | 21,906,086 | 4.99% | +4% |
| AMZN | AMAZON COM INC | $4.5B | 21,785,734 | 2.79% | +9% |
| LRCX | LAM RESEARCH CORP | $1.3B | 5,870,899 | 0.77% | +51% |
| WMT | WALMART INC | $1.1B | 8,775,480 | 0.67% | +2% |
| MU | MICRON TECHNOLOGY INC | $1.1B | 3,188,608 | 0.66% | +46% |
| CSCO | CISCO SYS INC | $935.3M | 12,054,410 | 0.58% | +4% |
| CVX | CHEVRON CORPORATION | $716.1M | 3,461,111 | 0.44% | +2% |
| GS | GOLDMAN SACHS GROUP INC | $590.6M | 698,118 | 0.36% | +16% |
| INTC | INTEL CORP | $546.6M | 12,386,924 | 0.34% | +11% |
| WFC | WELLS FARGO & CO | $545.5M | 6,852,010 | 0.34% | +3% |
| DE | DEERE & CO | $479.7M | 851,611 | 0.30% | +2% |
| C | CITIGROUP INC | $467.7M | 4,123,967 | 0.29% | +12% |
| QCOM | QUALCOMM INC | $415.2M | 3,224,104 | 0.26% | +15% |
Trimmed (577)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TTD | THE TRADE DESK INC | $16.0M | 705,031 | 0.01% | -74% |
| BBY | BEST BUY INC | $23.2M | 361,200 | 0.01% | -68% |
| ON | ON SEMICONDUCTOR CORP | $42.3M | 683,828 | 0.03% | -62% |
| SWKS | SKYWORKS SOLUTIONS INC | $15.1M | 282,396 | 0.01% | -59% |
| CHTR | CHARTER COMMUNICATIONS INC | $25.1M | 116,274 | 0.02% | -59% |
| MDT | MEDTRONIC PLC | $208.0M | 2,400,255 | 0.13% | -50% |
| HAS | HASBRO INC | $27.1M | 289,658 | 0.02% | -47% |
| WLK | WESTLAKE CORPORATION | $2.9M | 25,000 | 0.00% | -47% |
| ELV | ELEVANCE HEALTH INC FORMERLY | $92.6M | 316,145 | 0.06% | -46% |
| PAYC | PAYCOM SOFTWARE INC | $8.7M | 71,320 | 0.01% | -44% |
| PEP | PEPSICO INC | $503.3M | 3,241,048 | 0.31% | -40% |
| TRV | TRAVELERS COMPANIES INC | $186.0M | 637,596 | 0.11% | -40% |
| CL | COLGATE PALMOLIVE CO | $161.8M | 1,898,485 | 0.10% | -39% |
| SNDK | SANDISK CORP | $147.9M | 232,774 | 0.09% | -39% |
| GME | GAMESTOP CORP | $6.4M | 276,902 | 0.00% | -39% |
The book
Largest 150 of 1,064 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VOO | VANGUARD INDEX FDS | $20.1B | 33,635,939 | 12.37% | — |
| NVDA | NVIDIA CORPORATION | $11.9B | 68,335,407 | 7.33% | — |
| AAPL | APPLE INC | $9.6B | 37,713,677 | 5.89% | — |
| MSFT | MICROSOFT CORP | $8.1B | 21,906,086 | 4.99% | — |
| AMZN | AMAZON COM INC | $4.5B | 21,785,734 | 2.79% | — |
| GOOGL | ALPHABET INC | $4.2B | 14,637,980 | 2.59% | — |
| AVGO | BROADCOM INC | $4.1B | 13,291,551 | 2.53% | — |
| META | META PLATFORMS INC | $3.2B | 5,615,460 | 1.98% | — |
| GOOG | ALPHABET INC | $3.0B | 10,306,585 | 1.82% | — |
| JPHY | J P MORGAN EXCHANGE TRADED F | $2.0B | 39,896,037 | 1.23% | — |
| TSLA | TESLA INC | $1.9B | 5,178,868 | 1.18% | — |
| JPM | JPMORGAN CHASE & CO | $1.9B | 6,308,333 | 1.14% | — |
| LLY | ELI LILLY & CO | $1.7B | 1,814,693 | 1.03% | — |
| JNJ | JOHNSON & JOHNSON | $1.5B | 5,994,988 | 0.90% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $1.3B | 2,782,309 | 0.82% | — |
| EXMOC | EXXON MOBIL CORP | $1.3B | 7,823,133 | 0.82% | — |
| LRCX | LAM RESEARCH CORP | $1.3B | 5,870,899 | 0.77% | — |
| WMT | WALMART INC | $1.1B | 8,775,480 | 0.67% | — |
| MU | MICRON TECHNOLOGY INC | $1.1B | 3,188,608 | 0.66% | — |
| V | VISA INC | $960.1M | 3,176,693 | 0.59% | — |
| COST | COSTCO WHOLESALE CORPORATION | $938.3M | 941,708 | 0.58% | — |
| CSCO | CISCO SYS INC | $935.3M | 12,054,410 | 0.58% | — |
| BAC | BANK AMERICA CORP | $888.3M | 18,221,359 | 0.55% | — |
| MRK | MERCK & CO INC | $888.1M | 7,383,088 | 0.55% | — |
| KLAC | KLA CORP | $875.5M | 594,637 | 0.54% | — |
| MA | MASTERCARD INCORPORATED | $865.1M | 1,731,445 | 0.53% | — |
| IVV | ISHARES TR | $828.0M | 1,267,527 | 0.51% | — |
| ABBV | ABBVIE INC | $809.1M | 3,720,076 | 0.50% | — |
| KO | COCA COLA CO | $757.3M | 9,958,572 | 0.47% | — |
| NFLX | NETFLIX INC. | $745.3M | 7,751,395 | 0.46% | — |
| VZ | VERIZON COMMUNICATIONS INC | $723.7M | 14,417,054 | 0.45% | — |
| CVX | CHEVRON CORPORATION | $716.1M | 3,461,111 | 0.44% | — |
| PG | PROCTER & GAMBLE CO | $714.5M | 4,946,602 | 0.44% | — |
| HD | HOME DEPOT INC | $696.7M | 2,118,312 | 0.43% | — |
| AMGN | AMGEN INC | $693.4M | 1,970,670 | 0.43% | — |
| MCD | MCDONALDS CORP | $636.0M | 2,046,460 | 0.39% | — |
| AMAT | APPLIED MATLS INC | $633.3M | 1,852,818 | 0.39% | — |
| CAT | CATERPILLAR INC | $623.3M | 879,849 | 0.38% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $600.7M | 2,478,266 | 0.37% | — |
| UNH | UNITEDHEALTH GROUP INC | $591.7M | 2,186,539 | 0.36% | — |
| GS | GOLDMAN SACHS GROUP INC | $590.6M | 698,118 | 0.36% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $564.1M | 3,856,384 | 0.35% | — |
| GE | GE AEROSPACE | $564.0M | 1,987,484 | 0.35% | — |
| AMD | ADVANCED MICRO DEVICES INC | $561.5M | 2,759,933 | 0.35% | — |
| INTC | INTEL CORP | $546.6M | 12,386,924 | 0.34% | — |
| WFC | WELLS FARGO & CO | $545.5M | 6,852,010 | 0.34% | — |
| RTX | RTX CORPORATION | $544.0M | 2,820,225 | 0.33% | — |
| PEP | PEPSICO INC | $503.3M | 3,241,048 | 0.31% | — |
| GILD | GILEAD SCIENCES INC | $499.6M | 3,584,898 | 0.31% | — |
| DE | DEERE & CO | $479.7M | 851,611 | 0.30% | — |
| T | AT&T INC | $471.8M | 16,274,183 | 0.29% | — |
| C | CITIGROUP INC | $467.7M | 4,123,967 | 0.29% | — |
| ABT | ABBOTT LABORATORIES | $458.7M | 4,467,825 | 0.28% | — |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | $450.3M | 627 | 0.28% | — |
| NEE | NEXTERA ENERGY INC | $424.5M | 4,570,516 | 0.26% | — |
| QCOM | QUALCOMM INC | $415.2M | 3,224,104 | 0.26% | — |
| ORCL | ORACLE CORP | $408.4M | 2,776,440 | 0.25% | — |
| LIN | LINDE PLC | $404.8M | 816,545 | 0.25% | — |
| UBER | UBER TECHNOLOGIES INC | $404.3M | 5,620,059 | 0.25% | — |
| CRM | SALESFORCE INC | $400.4M | 2,144,702 | 0.25% | — |
| MS | MORGAN STANLEY | $398.6M | 2,422,284 | 0.25% | — |
| GEV | GE VERNOVA INC | $397.9M | 455,866 | 0.24% | — |
| APH | AMPHENOL CORP | $394.1M | 3,119,106 | 0.24% | — |
| AXP | AMERICAN EXPRESS CO | $385.2M | 1,273,396 | 0.24% | — |
| COP | CONOCOPHILLIPS | $382.5M | 2,898,034 | 0.24% | — |
| LOW | LOWES COS INC | $375.5M | 1,589,184 | 0.23% | — |
| DHR | DANAHER CORP DEL | $352.3M | 1,858,071 | 0.22% | — |
| TXN | TEXAS INSTRS INC | $348.9M | 1,797,414 | 0.21% | — |
| BKNG | BOOKING HOLDINGS INC | $343.1M | 81,489 | 0.21% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $342.4M | 696,589 | 0.21% | — |
| TJX | TJX COS INC NEW | $341.4M | 2,137,646 | 0.21% | — |
| ADI | ANALOG DEVICES INC | $336.5M | 1,057,616 | 0.21% | — |
| LMT | LOCKHEED MARTIN CORP | $332.7M | 550,545 | 0.20% | — |
| UNP | UNION PAC CORP | $326.1M | 1,343,908 | 0.20% | — |
| ACN | ACCENTURE PLC IRELAND | $320.9M | 1,618,587 | 0.20% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $317.4M | 5,233,948 | 0.20% | — |
| NXPI | NXP SEMICONDUCTORS N V | $313.4M | 1,592,213 | 0.19% | — |
| ETN | EATON CORP PLC | $310.1M | 867,133 | 0.19% | — |
| PFE | PFIZER INC | $304.4M | 10,840,185 | 0.19% | — |
| TMUS | T-MOBILE US INC | $304.4M | 1,449,168 | 0.19% | — |
| DIS | DISNEY WALT CO | $303.3M | 3,147,240 | 0.19% | — |
| INTU | INTUIT | $299.4M | 692,446 | 0.18% | — |
| ISRG | INTUITIVE SURGICAL INC | $286.2M | 620,792 | 0.18% | — |
| TT | TRANE TECHNOLOGIES PLC | $286.2M | 686,691 | 0.18% | — |
| SCHW | SCHWAB CHARLES CORP | $284.4M | 3,026,417 | 0.18% | — |
| PGR | PROGRESSIVE CORP | $282.4M | 1,424,466 | 0.17% | — |
| WELL | WELLTOWER INC | $280.8M | 1,420,440 | 0.17% | — |
| MCK | MCKESSON CORP | $280.4M | 324,022 | 0.17% | — |
| CB | CHUBB LTD SWITZ | $270.5M | 829,916 | 0.17% | — |
| CMCSA | COMCAST CORP NEW | $268.5M | 9,351,906 | 0.17% | — |
| ADBE | ADOBE INC | $266.8M | 1,097,690 | 0.16% | — |
| SPGI | S&P GLOBAL INC | $264.9M | 622,785 | 0.16% | — |
| ANET | ARISTA NETWORKS INC | $263.8M | 2,148,280 | 0.16% | — |
| BLK | BLACKROCK INC | $263.2M | 273,657 | 0.16% | — |
| MRVL | MARVELL TECHNOLOGY INC | $261.3M | 2,637,984 | 0.16% | — |
| PLD | PROLOGIS INC. | $257.2M | 1,946,118 | 0.16% | — |
| HONGBP | HONEYWELL INTL INC | $249.8M | 1,105,154 | 0.15% | — |
| DUK | DUKE ENERGY CORP NEW | $246.7M | 1,884,247 | 0.15% | — |
| CME | CME GROUP INC | $241.1M | 816,357 | 0.15% | — |
| EXC | EXELON CORP | $239.2M | 4,879,876 | 0.15% | — |
| PANW | PALO ALTO NETWORKS INC | $231.1M | 1,441,498 | 0.14% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $224.8M | 503,374 | 0.14% | — |
| NOC | NORTHROP GRUMMAN CORP | $221.7M | 324,911 | 0.14% | — |
| NEM | NEWMONT CORP | $219.3M | 2,025,824 | 0.13% | — |
| PH | PARKER-HANNIFIN CORP | $217.5M | 242,995 | 0.13% | — |
| HWM | HOWMET AEROSPACE INC | $216.1M | 937,526 | 0.13% | — |
| ADP | AUTOMATIC DATA PROCESSING IN | $215.4M | 1,059,930 | 0.13% | — |
| NOW | SERVICENOW INC | $214.6M | 2,052,388 | 0.13% | — |
| DELL | DELL TECHNOLOGIES INC | $209.6M | 1,276,847 | 0.13% | — |
| MDT | MEDTRONIC PLC | $208.0M | 2,400,255 | 0.13% | — |
| SYK | STRYKER CORPORATION | $206.7M | 629,128 | 0.13% | — |
| SBUX | STARBUCKS CORP | $206.3M | 2,302,657 | 0.13% | — |
| COF | CAPITAL ONE FINL CORP | $203.3M | 1,114,256 | 0.13% | — |
| GD | GENERAL DYNAMICS CORP | $202.7M | 590,514 | 0.12% | — |
| SO | SOUTHERN CO | $202.5M | 2,098,404 | 0.12% | — |
| BA | BOEING CO | $198.1M | 995,523 | 0.12% | — |
| PCAR | PACCAR INC | $197.6M | 1,710,434 | 0.12% | — |
| APP | APPLOVIN CORP | $194.5M | 488,574 | 0.12% | — |
| MRSH | MARSH & MCLENNAN COS INC | $191.8M | 1,105,853 | 0.12% | — |
| GLW | CORNING INC | $191.8M | 1,410,571 | 0.12% | — |
| ICE | INTERCONTINENTAL EXCHANGE IN | $191.7M | 1,218,587 | 0.12% | — |
| TRV | TRAVELERS COMPANIES INC | $186.0M | 637,596 | 0.11% | — |
| EQIX | EQUINIX INC | $185.1M | 188,843 | 0.11% | — |
| WM | WASTE MGMT INC DEL | $182.3M | 793,257 | 0.11% | — |
| CVS | CVS HEALTH CORP | $182.2M | 2,536,408 | 0.11% | — |
| WDC | WESTERN DIGITAL CORP | $181.7M | 671,717 | 0.11% | — |
| EOG | EOG RES INC | $179.5M | 1,241,475 | 0.11% | — |
| HCA | HCA HEALTHCARE INC | $179.3M | 378,879 | 0.11% | — |
| TEL | TE CONNECTIVITY PLC | $178.7M | 854,904 | 0.11% | — |
| EMR | EMERSON ELEC CO | $178.2M | 1,360,140 | 0.11% | — |
| VRT | VERTIV HOLDINGS CO | $177.7M | 709,114 | 0.11% | — |
| PNC | PNC FINL SVCS GROUP INC | $176.3M | 847,382 | 0.11% | — |
| BNY | BANK NEW YORK MELLON CORP | $175.4M | 1,478,399 | 0.11% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $174.9M | 1,894,717 | 0.11% | — |
| MPWR | MONOLITHIC PWR SYS INC | $174.6M | 159,658 | 0.11% | — |
| SLB | SLB LIMITED | $173.4M | 3,374,596 | 0.11% | — |
| AJG | GALLAGHER ARTHUR J & CO | $171.0M | 789,499 | 0.11% | — |
| USB | US BANCORP | $169.7M | 3,263,435 | 0.10% | — |
| REGN | REGENERON PHARMACEUTICALS | $169.0M | 218,772 | 0.10% | — |
| ODFL | OLD DOMINION FREIGHT LINE IN | $168.8M | 864,078 | 0.10% | — |
| MAR | MARRIOTT INTL INC NEW | $166.5M | 508,947 | 0.10% | — |
| SHW | SHERWIN WILLIAMS CO | $166.0M | 517,982 | 0.10% | — |
| MSI | MOTOROLA SOLUTIONS INC | $164.7M | 379,493 | 0.10% | — |
| VLO | VALERO ENERGY CORP | $163.4M | 661,410 | 0.10% | — |
| AMT | AMERICAN TOWER CORP | $161.9M | 938,126 | 0.10% | — |
| CL | COLGATE PALMOLIVE CO | $161.8M | 1,898,485 | 0.10% | — |
| WMB | WILLIAMS COS INC | $161.6M | 2,220,983 | 0.10% | — |
| FDX | FEDEX CORP | $161.5M | 453,329 | 0.10% | — |
| CEG | CONSTELLATION ENERGY CORP | $158.8M | 568,532 | 0.10% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $158.7M | 459,901 | 0.10% | — |
This table is the 150 largest positions by value, out of 1,064 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by California Public Employees Retirement System (CIK 919079, accession 0000919079-26-000006). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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