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 | |
|---|---|---|---|---|---|---|
1151
Xerox
XRX
$412M
| $3.1M | ﹤0.01% |
208,521
-24,277
| -10% | -$355K |
|
1152
Bank of Hawaii
BOH
$3.13B
| $3.1M | ﹤0.01% |
75,143
-15,537
| -17% | -$687K |
|
|
GAP
1153
The Gap Inc
GAP
$7.29B
| $3.09M | ﹤0.01% |
345,958
+57,395
| +20% | +$512K |
|
|
DISH
1154
DELISTED
DISH Network Corp.
DISH
| $3.08M | ﹤0.01% |
466,740
| – | – |
|
1155
Semtech
SMTC
$13B
| $3.04M | ﹤0.01% |
119,432
| – | – |
|
1156
Mercury Systems
MRCY
$6.7B
| $3.03M | ﹤0.01% |
87,595
| – | – |
|
1157
American Eagle Outfitters
AEO
$2.72B
| $2.96M | ﹤0.01% |
250,555
+21,574
| +9% | +$269K |
|
1158
QuantumScape Corp
QS
$3.92B
| $2.89M | ﹤0.01% |
361,445
| – | – |
|
1159
nCino
NCNO
$2.08B
| $2.88M | ﹤0.01% |
95,580
| – | – |
|
1160
TripAdvisor
TRIP
$1.26B
| $2.84M | ﹤0.01% |
172,456
-15,610
| -8% | -$264K |
|
1161
Q2 Holdings
QTWO
$3.9B
| $2.82M | ﹤0.01% |
91,165
-6,623
| -7% | -$174K |
|
1162
Merit Medical Systems
MMSI
$5.45B
| $2.81M | ﹤0.01% |
33,589
+15,555
| +86% | +$1.27M |
|
1163
Herbalife
HLF
$1.23B
| $2.8M | ﹤0.01% |
211,251
-832
| -0.4% | -$11.3K |
|
1164
Walker & Dunlop
WD
$1.45B
| $2.73M | ﹤0.01% |
34,550
+557
| +2% | +$40.2K |
|
1165
MINISO
MNSO
$3.55B
| $2.73M | ﹤0.01% |
160,478
-4,105
| -2% | -$68.5K |
|
|
VSXY
1166
Victoria's Secret
VSXY
$7.39B
| $2.72M | ﹤0.01% |
155,793
-2,658
| -2% | -$67K |
|
1167
Phillips Edison & Co
PECO
$5.17B
| $2.69M | ﹤0.01% |
79,050
+5,208
| +7% | +$163K |
|
|
HBI
1168
DELISTED
Hanesbrands
HBI
| $2.63M | ﹤0.01% |
578,697
-18,204
| -3% | -$83.2K |
|
1169
Herc Holdings
HRI
$5.63B
| $2.59M | ﹤0.01% |
18,929
+5,832
| +45% | +$646K |
|
1170
Independent Bank
INDB
$4.04B
| $2.54M | ﹤0.01% |
57,041
-930
| -2% | -$48.3K |
|
1171
Embecta
EMBC
$269M
| $2.53M | ﹤0.01% |
117,133
| – | – |
|
1172
Sonos
SONO
$1.86B
| $2.53M | ﹤0.01% |
154,797
-69,779
| -31% | -$1.24M |
|
|
MRTX
1173
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $2.51M | ﹤0.01% |
69,454
| – | – |
|
|
MOMO
1174
Hello Group
MOMO
$867M
| $2.47M | ﹤0.01% |
256,988
-16,606
| -6% | -$146K |
|
|
SAVE
1175
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.37M | ﹤0.01% |
138,094
-19,582
| -12% | -$321K |
|
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.