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 |
Costco
COST
|
+$242M |
| 2 |
Walmart Inc
WMT
|
+$199M |
| 3 |
Amazon
AMZN
|
+$106M |
| 4 |
United Parcel Service
UPS
|
+$98.8M |
| 5 |
Netflix
NFLX
|
+$80M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TJX Companies
TJX
|
+$418M |
| 2 |
Chubb
CB
|
+$351M |
| 3 |
Coca-Cola
KO
|
+$254M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$169M |
| 5 |
Apple
AAPL
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.03% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.68% |
| 5 | Communication Services | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Zebra Technologies
ZBRA
$17.9B
| $63.5M | 0.05% |
119,935
-2,032
| -2% | -$1.01M |
|
|
MXIM
377
DELISTED
Maxim Integrated Products
MXIM
| $63.4M | 0.05% |
601,711
-15,803
| -3% | -$1.55M |
|
378
Synchrony
SYF
$25.4B
| $63M | 0.05% |
1,297,465
-42,875
| -3% | -$1.95M |
|
379
EPAM Systems
EPAM
$5.07B
| $62.4M | 0.05% |
122,143
-1,322
| -1% | -$620K |
|
|
LSXMK
380
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $62.2M | 0.05% |
1,729,983
-50,123
| -3% | -$1.73M |
|
381
Copart
CPRT
$27.3B
| $62M | 0.05% |
1,880,116
+145,988
| +8% | +$4.53M |
|
382
Okta
OKTA
$26.5B
| $61.6M | 0.05% |
251,920
-22,810
| -8% | -$5.51M |
|
383
Weyerhaeuser
WY
$18.2B
| $61.4M | 0.05% |
1,784,802
+44,307
| +3% | +$1.64M |
|
384
Kraft Heinz
KHC
$29.4B
| $61.2M | 0.05% |
1,500,066
-68,260
| -4% | -$2.87M |
|
385
VF Corp
VFC
$5.82B
| $59.8M | 0.04% |
728,679
-12,318
| -2% | -$1.03M |
|
386
Etsy
ETSY
$7.52B
| $59M | 0.04% |
286,708
+9,841
| +4% | +$1.82M |
|
387
HubSpot
HUBS
$10.8B
| $58.6M | 0.04% |
100,550
+3,746
| +4% | +$1.95M |
|
388
Old Dominion Freight Line
ODFL
$44.3B
| $58.6M | 0.04% |
461,684
+9,514
| +2% | +$1.22M |
|
389
Rollins
ROL
$18B
| $58.6M | 0.04% |
1,712,343
-27,802
| -2% | -$971K |
|
390
Occidental Petroleum
OXY
$58.5B
| $58.4M | 0.04% |
1,869,121
-32,833
| -2% | -$881K |
|
|
KSU
391
DELISTED
Kansas City Southern
KSU
| $58.1M | 0.04% |
205,172
-32,980
| -14% | -$9.52M |
|
392
PUT
BCE
BCE
$21B
| $58.1M | 0.04% |
1,176,947
-270,600
| -19% | -$13.1M |
|
393
Generac Holdings
GNRC
$12.4B
| $57.8M | 0.04% |
139,194
-3,651
| -3% | -$1.22M |
|
394
RenaissanceRe
RNR
$13.3B
| $57.6M | 0.04% |
386,963
-9,218
| -2% | -$1.47M |
|
395
International Paper
IP
$21.8B
| $57.1M | 0.04% |
984,324
-15,686
| -2% | -$895K |
|
396
Vipshop
VIPS
$7.49B
| $56.8M | 0.04% |
2,827,935
+31,995
| +1% | +$804K |
|
397
Liberty Global Class C
LBTYK
$3.42B
| $56.1M | 0.04% |
2,076,151
+1,215,414
| +141% | +$32.8M |
|
398
Delta Air Lines
DAL
$58.9B
| $56M | 0.04% |
1,295,000
-176,719
| -12% | -$8.18M |
|
399
Realty Income
O
$58.3B
| $55.7M | 0.04% |
860,993
-25,488
| -3% | -$1.67M |
|
400
Oneok
OKE
$56.3B
| $55.2M | 0.04% |
991,939
-13,950
| -1% | -$743K |
|
Similar funds
California Public Employees Retirement System's Q2 2021 Portfolio in Review
As of Q2 2021, California Public Employees Retirement System held 3,530 positions worth $133B, up 1.4% from $131B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
California Public Employees Retirement System withdrew a net $7.08B in Q2 2021, closing 2,000 positions and reducing 1,260 holdings. Its most notable exit was McCormick & Company Non-Voting, an estimated $169M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in Organon & Co worth $17.3M.
- California Public Employees Retirement System's largest Q2 2021 buy was Organon & Co: 571,638 shares worth $17.3M.
- California Public Employees Retirement System added most to Costco in Q2 2021, an estimated $242M increase.
- California Public Employees Retirement System's biggest Q2 2021 reduction was TJX Companies, cutting an estimated $418M.
- California Public Employees Retirement System fully exited McCormick & Company Non-Voting in Q2 2021, selling an estimated $169M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $133B portfolio in Q2 2021.
- California Public Employees Retirement System opened 2 new positions and closed 2,000 in Q2 2021.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $133B.
Based on California Public Employees Retirement System's 13F filing for Q2 2021, filed 13 Aug 2021.