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 | |
|---|---|---|---|---|---|---|
551
PTC
PTC
$16.4B
| $28.3M | 0.02% |
236,351
-165
| -0.1% | -$22K |
|
552
CF Industries
CF
$18.2B
| $28.1M | 0.02% |
503,979
-13,144
| -3% | -$631K |
|
553
Fortune Brands Innovations
FBIN
$6B
| $27.9M | 0.02% |
365,382
-4,428
| -1% | -$368K |
|
554
SolarEdge
SEDG
$2.03B
| $27.7M | 0.02% |
104,547
+240
| +0.2% | +$65.3K |
|
555
Pultegroup
PHM
$25.1B
| $27.5M | 0.02% |
599,687
-26,588
| -4% | -$1.38M |
|
556
Floor & Decor
FND
$6.46B
| $27.4M | 0.02% |
227,071
+1,589
| +0.7% | +$190K |
|
557
Pentair
PNR
$10.7B
| $27.4M | 0.02% |
377,348
-3,764
| -1% | -$281K |
|
558
Howmet Aerospace
HWM
$114B
| $27.3M | 0.02% |
876,187
-9,471
| -1% | -$305K |
|
559
Kimco Realty
KIM
$16.2B
| $27.3M | 0.02% |
1,313,853
+339,038
| +35% | +$7.25M |
|
|
VMW
560
DELISTED
VMware, Inc
VMW
| $26.8M | 0.02% |
180,113
-2,411
| -1% | -$366K |
|
|
MPT
561
Medical Properties Trust
MPT
$2.48B
| $26.8M | 0.02% |
1,333,164
+27,841
| +2% | +$571K |
|
562
Steel Dynamics
STLD
$38.6B
| $26.8M | 0.02% |
457,424
-6,595
| -1% | -$422K |
|
563
Allegion
ALLE
$14.3B
| $26.7M | 0.02% |
202,201
-1,093
| -0.5% | -$152K |
|
564
Loews
L
$23.1B
| $26.7M | 0.02% |
494,551
-13,720
| -3% | -$745K |
|
565
Annaly Capital Management
NLY
$17.4B
| $26.6M | 0.02% |
788,683
-7,636
| -1% | -$263K |
|
566
NovoCure
NVCR
$2.03B
| $26.6M | 0.02% |
228,615
-2,722
| -1% | -$412K |
|
567
Graco
GGG
$13.6B
| $26.4M | 0.02% |
376,824
+481
| +0.1% | +$36.9K |
|
568
Robert Half
RHI
$4.37B
| $26.3M | 0.02% |
262,410
-3,609
| -1% | -$353K |
|
569
GoDaddy
GDDY
$11.7B
| $26.3M | 0.02% |
376,829
-2,383
| -0.6% | -$184K |
|
570
Darling Ingredients
DAR
$9.91B
| $26.2M | 0.02% |
364,862
+1,355
| +0.4% | +$97K |
|
571
FMC
FMC
$1.32B
| $26.2M | 0.02% |
285,942
-2,778
| -1% | -$274K |
|
572
Regency Centers
REG
$13.9B
| $26.1M | 0.02% |
387,563
+1,800
| +0.5% | +$119K |
|
573
Targa Resources
TRGP
$57.5B
| $26M | 0.02% |
529,261
+6,675
| +1% | +$294K |
|
574
Snap-on
SNA
$21.5B
| $26M | 0.02% |
124,298
+936
| +0.8% | +$207K |
|
575
Royalty Pharma
RPRX
$26B
| $26M | 0.02% |
718,425
+3,253
| +0.5% | +$126K |
|
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.