Summary portfolio of investments

CREF Growth Account ■ December 31, 2019

Value % of net
Shares Company (000) assets
COMMON STOCKS
AUTOMOBILES & COMPONENTS
576,504 * Tesla, Inc $ 241,169 0.8%
Other 52,025 0.2
293,194 1.0
BANKS 643 0.0
CAPITAL GOODS
1,022,179 Airbus SE 150,020 0.6
509,814 Boeing Co 166,077 0.6
418,887 Northrop Grumman Corp 144,085 0.5
796,316 Roper Technologies Inc 282,079 1.0
Other 508,849 1.8
1,251,110 4.5
COMMERCIAL & PROFESSIONAL SERVICES
4,282,260 Experian Group Ltd 145,166 0.5
2,350,000 Waste Connections, Inc 213,357 0.8
Other 250,420 0.9
608,943 2.2
CONSUMER DURABLES & APPAREL
3,286,508 Nike, Inc (Class B) 332,956 1.2
Other 421,533 1.5
754,489 2.7
CONSUMER SERVICES
233,854 * Chipotle Mexican Grill, Inc (Class A) 195,761 0.7
Other 235,845 0.8
431,606 1.5
DIVERSIFIED FINANCIALS
1,192,700 iShares Russell 1000 Growth Index Fund 209,820 0.7
1,604,759 S&P Global, Inc 438,179 1.6
Other 295,554 1.1
943,553 3.4
ENERGY 75,590 0.3
FOOD & STAPLES RETAILING
1,432,336 Costco Wholesale Corp 420,992 1.5
Other 174,914 0.6
595,906 2.1
FOOD, BEVERAGE & TOBACCO
3,175,209 * Monster Beverage Corp 201,784 0.7
Other 295,444 1.1
497,228 1.8

54 2019 Annual Report ■ College Retirement Equities Fund See notes to financial statements