California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$142M |
| 2 |
TE Connectivity
TEL
|
+$141M |
| 3 |
Texas Instruments
TXN
|
+$93.8M |
| 4 |
Oracle
ORCL
|
+$89.9M |
| 5 |
Apple
AAPL
|
+$89.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$332M |
| 2 |
Amazon
AMZN
|
+$318M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$300M |
| 4 |
Danaher
DHR
|
+$150M |
| 5 |
Charter Communications
CHTR
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28% |
| 2 | Healthcare | 14.95% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
Westlake Corp
WLK
$10.1B
| $3.89M | ﹤0.01% |
32,544
+12,080
| +59% | +$1.38M |
|
1127
Insperity
NSP
$1.92B
| $3.86M | ﹤0.01% |
32,482
+2,524
| +8% | +$300K |
|
1128
Cracker Barrel
CBRL
$1.31B
| $3.81M | ﹤0.01% |
40,906
-2,819
| -6% | -$290K |
|
1129
Rapid7
RPD
$827M
| $3.8M | ﹤0.01% |
83,988
-5,811
| -6% | -$269K |
|
|
AYX
1130
DELISTED
Alteryx Inc
AYX
| $3.79M | ﹤0.01% |
83,408
-7,611
| -8% | -$333K |
|
1131
STAAR Surgical
STAA
$1.27B
| $3.72M | ﹤0.01% |
70,788
-15,973
| -18% | -$973K |
|
1132
Qfin Holdings
QFIN
$1.53B
| $3.72M | ﹤0.01% |
214,992
-7,724
| -3% | -$130K |
|
1133
PagSeguro Digital
PAGS
$2.44B
| $3.59M | ﹤0.01% |
380,529
-15,489
| -4% | -$157K |
|
1134
Belden
BDC
$5.39B
| $3.59M | ﹤0.01% |
37,549
+9,994
| +36% | +$856K |
|
1135
SL Green Realty
SLG
$4B
| $3.58M | ﹤0.01% |
119,047
| – | – |
|
1136
Canadian Solar
CSIQ
$1.07B
| $3.55M | ﹤0.01% |
91,884
-5,248
| -5% | -$203K |
|
1137
Bankunited
BKU
$3.38B
| $3.55M | ﹤0.01% |
164,961
| – | – |
|
1138
National Vision
EYE
$1.56B
| $3.55M | ﹤0.01% |
146,240
-13,645
| -9% | -$317K |
|
1139
Peloton Interactive
PTON
$2.38B
| $3.54M | ﹤0.01% |
460,759
| – | – |
|
1140
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.37B
| $3.44M | ﹤0.01% |
137,649
| – | – |
|
|
LSXMA
1141
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $3.42M | ﹤0.01% |
142,011
| – | – |
|
1142
Valaris
VAL
$5.92B
| $3.42M | ﹤0.01% |
54,372
+14,415
| +36% | +$869K |
|
1143
PagerDuty
PD
$876M
| $3.29M | ﹤0.01% |
146,571
+14,984
| +11% | +$417K |
|
1144
Appian
APPN
$2.49B
| $3.24M | ﹤0.01% |
68,091
| – | – |
|
1145
Bread Financial
BFH
$4.46B
| $3.23M | ﹤0.01% |
103,033
| – | – |
|
1146
Beam Therapeutics
BEAM
$2.76B
| $3.21M | ﹤0.01% |
100,526
| – | – |
|
|
JKS
1147
JinkoSolar
JKS
$860M
| $3.18M | ﹤0.01% |
71,692
-2,816
| -4% | -$127K |
|
|
JBGS
1148
JBG SMITH
JBGS
$691M
| $3.18M | ﹤0.01% |
211,229
-20,734
| -9% | -$302K |
|
1149
AMC Entertainment Holdings
AMC
$2.26B
| $3.12M | ﹤0.01% |
70,985
| – | – |
|
1150
Autohome
ATHM
$2.65B
| $3.12M | ﹤0.01% |
106,933
-6,102
| -5% | -$182K |
|
Similar funds
California Public Employees Retirement System's Q2 2023 Portfolio in Review
As of Q2 2023, California Public Employees Retirement System held 1,218 positions worth $116B, up 3.4% from $113B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0.9%. California Public Employees Retirement System opened 3 new positions and exited 8, leaving the 1,218-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q2 2023 buy was Crane Co: 96,845 shares worth $8.63M.
- California Public Employees Retirement System added most to Microsoft in Q2 2023, an estimated $142M increase.
- California Public Employees Retirement System's biggest Q2 2023 reduction was Accenture, cutting an estimated $332M.
- California Public Employees Retirement System fully exited Dell in Q2 2023, selling an estimated $25.3M.
- California Public Employees Retirement System's ten largest holdings make up 24% of its $116B portfolio in Q2 2023.
- California Public Employees Retirement System opened 3 new positions and closed 8 in Q2 2023.
- California Public Employees Retirement System's portfolio value rose 3.4% quarter-over-quarter to $116B.
Based on California Public Employees Retirement System's 13F filing for Q2 2023, filed 9 Aug 2023.