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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Valero Energy
VLO
$93.3B
| $107M | 0.16% |
1,396,740
+24,457
| +2% | +$1.68M |
|
127
LyondellBasell Industries
LYB
$20.7B
| $107M | 0.16% |
1,079,225
+9,992
| +0.9% | +$899K |
|
|
PX
128
DELISTED
Praxair Inc
PX
| $107M | 0.16% |
763,058
+36,269
| +5% | +$4.83M |
|
|
ATVI
129
DELISTED
Activision Blizzard
ATVI
| $107M | 0.16% |
1,652,199
+97,099
| +6% | +$6.06M |
|
130
Phillips 66
PSX
$89.5B
| $106M | 0.16% |
1,152,101
-152,369
| -12% | -$12.9M |
|
131
Truist Financial
TFC
$63.9B
| $105M | 0.16% |
2,245,367
+74,328
| +3% | +$3.42M |
|
132
PG&E
PCG
$38.1B
| $105M | 0.16% |
1,538,230
+202,067
| +15% | +$13.8M |
|
|
ESRX
133
DELISTED
Express Scripts Holding Company
ESRX
| $105M | 0.16% |
1,651,249
+131,049
| +9% | +$8.14M |
|
134
S&P Global
SPGI
$120B
| $104M | 0.15% |
665,023
+12,535
| +2% | +$1.91M |
|
135
Travelers Companies
TRV
$78.3B
| $103M | 0.15% |
840,333
+44,002
| +6% | +$5.5M |
|
136
Becton Dickinson
BDX
$49.4B
| $103M | 0.15% |
536,202
-701
| -0.1% | -$136K |
|
137
Aon
AON
$75.6B
| $102M | 0.15% |
700,844
+33,364
| +5% | +$4.66M |
|
138
Cognizant
CTSH
$26.4B
| $102M | 0.15% |
1,408,318
+131,918
| +10% | +$9.26M |
|
139
State Street
STT
$51.4B
| $102M | 0.15% |
1,065,773
+22,303
| +2% | +$2.08M |
|
140
Target
TGT
$69.2B
| $101M | 0.15% |
1,707,997
+85,736
| +5% | +$4.8M |
|
141
Kimberly-Clark
KMB
$36.1B
| $100M | 0.15% |
853,269
+67,469
| +9% | +$8.24M |
|
142
Deere & Co
DE
$167B
| $100M | 0.15% |
796,383
+65,031
| +9% | +$8.02M |
|
143
Allstate
ALL
$66.3B
| $98.7M | 0.15% |
1,073,908
+47,810
| +5% | +$4.35M |
|
144
Kraft Heinz
KHC
$29.2B
| $98.3M | 0.15% |
1,268,218
+133,818
| +12% | +$11.2M |
|
145
HP
HPQ
$26.6B
| $96.4M | 0.14% |
4,829,082
+53,218
| +1% | +$1.01M |
|
146
Intuitive Surgical
ISRG
$142B
| $96.1M | 0.14% |
826,623
+55,323
| +7% | +$6.03M |
|
147
Norfolk Southern
NSC
$75.2B
| $95.5M | 0.14% |
722,042
+36,611
| +5% | +$4.45M |
|
148
Micron Technology
MU
$981B
| $95.4M | 0.14% |
2,425,042
+12,842
| +0.5% | +$406K |
|
149
Intercontinental Exchange
ICE
$84.9B
| $93.4M | 0.14% |
1,360,215
+65,880
| +5% | +$4.34M |
|
|
STI
150
DELISTED
SunTrust Banks, Inc.
STI
| $92.5M | 0.14% |
1,547,495
+33,395
| +2% | +$1.89M |
|
Similar funds
California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.