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 |
Charter Communications
CHTR
|
+$375M |
| 2 |
Netflix
NFLX
|
+$339M |
| 3 |
Costco
COST
|
+$198M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$190M |
| 5 |
Microsoft
MSFT
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$224M |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$174M |
| 3 |
Labcorp
LH
|
+$157M |
| 4 |
Stryker
SYK
|
+$130M |
| 5 |
Mid-America Apartment Communities
MAA
|
+$116M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.74% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.44% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBNY
501
DELISTED
Signature Bank
SBNY
| $35.1M | 0.03% |
128,894
+1,945
| +2% | +$488K |
|
|
NUAN
502
DELISTED
Nuance Communications, Inc.
NUAN
| $35M | 0.03% |
635,730
-9,984
| -2% | -$549K |
|
503
Bath & Body Works
BBWI
$3.89B
| $34.4M | 0.03% |
545,752
-147,598
| -21% | -$9.38M |
|
504
VICI Properties
VICI
$28.7B
| $34.3M | 0.03% |
1,206,500
+2,503
| +0.2% | +$76.3K |
|
505
Novavax
NVAX
$1.3B
| $34.3M | 0.03% |
165,281
+3,255
| +2% | +$717K |
|
|
IPG
506
DELISTED
Interpublic Group of Companies
IPG
| $34.2M | 0.03% |
931,349
-10,032
| -1% | -$359K |
|
507
Lyft
LYFT
$6.53B
| $34M | 0.03% |
634,024
+64,918
| +11% | +$3.44M |
|
508
Factset
FDS
$10.1B
| $33.1M | 0.02% |
83,965
-1,409
| -2% | -$512K |
|
509
Arch Capital
ACGL
$33.5B
| $32.9M | 0.02% |
861,344
-17,796
| -2% | -$705K |
|
510
LKQ Corp
LKQ
$6.22B
| $32.7M | 0.02% |
650,453
-24,869
| -4% | -$1.27M |
|
511
Cardinal Health
CAH
$55.5B
| $32.7M | 0.02% |
661,492
-30,143
| -4% | -$1.64M |
|
512
CenterPoint Energy
CNP
$26.4B
| $32.6M | 0.02% |
1,325,118
+19,577
| +1% | +$501K |
|
|
COUP
513
DELISTED
Coupa Software Incorporated
COUP
| $32.6M | 0.02% |
148,602
+142
| +0.1% | +$33.4K |
|
514
DraftKings
DKNG
$12B
| $32.6M | 0.02% |
676,057
-4,951
| -0.7% | -$262K |
|
|
ABMD
515
DELISTED
Abiomed Inc
ABMD
| $32.4M | 0.02% |
99,449
-699
| -0.7% | -$237K |
|
516
Repligen
RGEN
$9.21B
| $32.2M | 0.02% |
111,376
+111
| +0.1% | +$28.5K |
|
517
JB Hunt Transport Services
JBHT
$25B
| $32.1M | 0.02% |
191,908
-2,359
| -1% | -$402K |
|
518
Camden Property Trust
CPT
$11B
| $31.9M | 0.02% |
216,369
-526,635
| -71% | -$77.2M |
|
519
Lumen
LUMN
$6.85B
| $31.4M | 0.02% |
2,536,625
+44,388
| +2% | +$556K |
|
520
Upstart Holdings
UPST
$2.94B
| $31.3M | 0.02% |
+98,759
| New | +$19.5M |
|
521
Masco
MAS
$14.7B
| $31.2M | 0.02% |
561,868
-13,795
| -2% | -$818K |
|
522
Nordson
NDSN
$17.2B
| $31.1M | 0.02% |
130,715
+616
| +0.5% | +$142K |
|
523
United Airlines
UAL
$40.2B
| $31.1M | 0.02% |
653,582
-69,629
| -10% | -$3.28M |
|
524
Williams-Sonoma
WSM
$29.5B
| $30.9M | 0.02% |
348,868
-7,316
| -2% | -$619K |
|
525
Eastman Chemical
EMN
$8.39B
| $30.9M | 0.02% |
306,251
-3,479
| -1% | -$384K |
|
Similar funds
California Public Employees Retirement System's Q3 2021 Portfolio in Review
As of Q3 2021, California Public Employees Retirement System held 1,569 positions worth $134B, up 0.48% from $133B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
California Public Employees Retirement System's Q3 2021 filing shows 40 new, 554 increased, 633 reduced and 330 closed positions. Its largest new stake was Snowflake: 389,341 shares worth $118M. The largest sale was Coca-Cola, an estimated $224M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2021 buy was Snowflake: 389,341 shares worth $118M.
- California Public Employees Retirement System added most to Charter Communications in Q3 2021, an estimated $375M increase.
- California Public Employees Retirement System's biggest Q3 2021 reduction was Coca-Cola, cutting an estimated $224M.
- California Public Employees Retirement System fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $174M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $134B portfolio in Q3 2021.
- California Public Employees Retirement System opened 40 new positions and closed 330 in Q3 2021.
- California Public Employees Retirement System's portfolio value rose 0.48% quarter-over-quarter to $134B.
Based on California Public Employees Retirement System's 13F filing for Q3 2021, filed 10 Nov 2021.