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 | 10.96% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Mohawk Industries
MHK
$9.22B
| $32.3M | 0.05% |
130,303
+5,303
| +4% | +$1.32M |
|
|
MRO
377
DELISTED
Marathon Oil Corporation
MRO
| $32.1M | 0.05% |
2,368,770
+88,235
| +4% | +$1.05M |
|
378
Realty Income
O
$59.1B
| $32M | 0.05% |
577,770
+46,250
| +9% | +$2.57M |
|
379
Markel Group
MKL
$23.2B
| $31.4M | 0.05% |
29,434
+968
| +3% | +$1M |
|
380
Iron Mountain
IRM
$36.1B
| $31.4M | 0.05% |
807,575
+30,701
| +4% | +$1.15M |
|
|
WRK
381
DELISTED
WestRock Company
WRK
| $31M | 0.05% |
546,304
+18,350
| +3% | +$1.05M |
|
382
Voya Financial
VOYA
$9.19B
| $31M | 0.05% |
776,260
-19,440
| -2% | -$744K |
|
|
VIAB
383
DELISTED
Viacom Inc. Class B
VIAB
| $31M | 0.05% |
1,111,974
+62,056
| +6% | +$1.91M |
|
384
Globe Life
GL
$14.3B
| $31M | 0.05% |
386,476
+15,942
| +4% | +$1.24M |
|
385
BioMarin Pharmaceuticals
BMRN
$12.4B
| $30.9M | 0.05% |
332,500
+5,100
| +2% | +$451K |
|
386
Ulta Beauty
ULTA
$24.3B
| $30.9M | 0.05% |
136,743
+3,543
| +3% | +$853K |
|
387
MSCI
MSCI
$40.9B
| $30.9M | 0.05% |
264,160
+11,060
| +4% | +$1.23M |
|
|
CTXS
388
DELISTED
Citrix Systems Inc
CTXS
| $30.7M | 0.05% |
399,273
+20,873
| +6% | +$1.62M |
|
389
Gartner
IT
$11.7B
| $30.5M | 0.05% |
245,296
+15,471
| +7% | +$1.91M |
|
390
Arch Capital
ACGL
$33.6B
| $30.5M | 0.05% |
927,960
+25,560
| +3% | +$825K |
|
391
Expeditors International
EXPD
$23.2B
| $30.4M | 0.05% |
508,652
+25,202
| +5% | +$1.44M |
|
392
Cincinnati Financial
CINF
$27.1B
| $30.4M | 0.05% |
397,569
+23,397
| +6% | +$1.78M |
|
393
IQVIA
IQV
$39.3B
| $30.2M | 0.04% |
318,054
+11,631
| +4% | +$1.08M |
|
394
Pentair
PNR
$11B
| $30.2M | 0.04% |
660,905
+14,679
| +2% | +$631K |
|
395
Masco
MAS
$15.3B
| $30.1M | 0.04% |
771,548
+38,948
| +5% | +$1.47M |
|
396
W.W. Grainger
GWW
$60.2B
| $30M | 0.04% |
167,070
+7,042
| +4% | +$1.19M |
|
397
D.R. Horton
DHI
$42.3B
| $30M | 0.04% |
751,400
+17,600
| +2% | +$641K |
|
398
Mid-America Apartment Communities
MAA
$15.7B
| $30M | 0.04% |
280,653
+31,920
| +13% | +$3.35M |
|
399
Fastenal
FAST
$59.5B
| $30M | 0.04% |
2,629,308
+163,308
| +7% | +$1.76M |
|
400
Seagate
STX
$184B
| $29.9M | 0.04% |
902,788
-6,712
| -0.7% | -$228K |
|
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.