Commonwealth Public School Employees Retirement System Buys and Sells Top Stocks in Q3 2026

The Commonwealth of Pennsylvania Public School Employees' Retirement System (PSERS) reported substantial changes to its investment portfolio as of September 30, 2026. The fund's holdings reflect a strategic shift, with significant buying activity in exchange-traded funds (ETFs) and notable selling of certain equities.

Recent Purchases

This quarter, PSERS demonstrated strong buying interest, particularly in exchange-traded products. The fund significantly increased its stake in SPY, the SPDR S&P 500 ETF Trust, acquiring an additional 803,603 shares. Similarly, IEMG saw a massive increase of 4,726,869 shares, representing an 83.32% jump in its position. Other notable additions include RSP, which experienced a 23.59% increase in shares, IEFA with a 220.65% surge, and several smaller but still significant purchases in XE, FRMI, ESRT, AGNC, and APH.

These purchases suggest a continued focus on broad market exposure and specific sectors. The fund bolstered its position in the SPDR S&P 500 ETF (SPY) and the iShares Core MSCI Total Return World ex US Index Fund (IEMG), both large-cap ETFs tracking major indices. The addition of RSP indicates interest in small-cap focused exposure. The significant increase in IEFA points to a potential tilt towards international equities. Smaller but noteworthy buys include Empire Street Realty Trust (FRMI), Empire ST Realty Trust (ESRT), iShares Investment Grade Preferred and Municipal Bond ETF (IEFA), X-Energy (XE), and Apollo Commercial Real Estate Capital Inc. (AGNC).

Recent Sales

Conversely, the fund also divested from several holdings during the quarter. AES Corporation experienced a 57.91% reduction in its position, with a 239,307 share decrease. The fund also sold shares of Hawaiian Electric Industries Inc. MTN B, though the exact percentage change isn't provided in the data. Other sales include Hawthorne Bancorp Inc. (SLAB), ACA Acquisition Corp. Class A, National Western Life Insurance Co. (NWAX), and OceanaGold Corporation (OGN).

The selling activity appears to target specific sectors or types of assets. The divestment from AES, a utility company, and the sale of NWAX, a financial services entity, might indicate a strategic rebalancing or profit-taking. The sale of ACA and OGN suggests a reduction in exposure to certain sectors or specific companies, while the sale of SLAB could be part of a broader strategy. These actions, combined with the buying, show a dynamic portfolio management approach focused on optimizing asset allocation.

New Positions and Minor Changes

Several holdings appear to be new additions to the portfolio, as their prior period data isn't available in the provided information. These include RSP (Invesco Exchange Traded Fund), XE (X-Energy Inc.), and IEFA (iShares TR USD Institutional Shares). The fund also made substantial additions to existing holdings like FRMI, ESRT, and AGNC, which saw share increases of 100.0%, 428.52%, and 100.0% respectively, though these are not explicitly listed as new positions in the changed_holdings data.

For a complete view of the fund's holdings and their current allocations, please refer to the full portfolio breakdown. The portfolio includes a diverse range of sectors, with Technology and Real Estate being prominent, alongside others like Utilities, Financial Services, and Consumer Cyclical stocks.

For more detailed information on the Commonwealth of Pennsylvania Public School Employees' Retirement System, visit their profile. You can explore specific holdings like SPY, IEMG, and others by visiting their respective pages: SPY, IEMG, RSP, IEFA, XE, FRMI, ESRT, AGNC, and APH.

Portfolio Overview

The fund's portfolio now holds a total value of $21.78 billion, with holdings spread across 1574 individual positions. The top five holdings by weight are NVIDIA Corporation (NVDA), Apple Inc. (AAPL), SPY, iShares Core MSCI Total Return World ex US Index Fund (IEMG), and Microsoft Corporation (MSFT). The portfolio's sector allocation remains diversified, with Technology, Real Estate, and Consumer Cyclical sectors showing significant allocations.

For further details on the fund's holdings and their performance, please consult the official reports or visit the provided links for each holding. The data indicates a mix of core holdings and tactical adjustments, with the fund maintaining a broad exposure while making targeted changes to specific ETFs and individual stocks.