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 |
IBM
IBM
|
+$163M |
| 2 |
Warner Bros
WBD
|
+$114M |
| 3 |
Mondelez International
MDLZ
|
+$93.6M |
| 4 |
Roper Technologies
ROP
|
+$91.1M |
| 5 |
Keurig Dr Pepper
KDP
|
+$76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$268M |
| 2 |
Amazon
AMZN
|
+$233M |
| 3 |
Microsoft
MSFT
|
+$219M |
| 4 |
AT&T
T
|
+$196M |
| 5 |
CERN
Cerner Corp
CERN
|
+$180M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.3% |
| 2 | Healthcare | 16.85% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
NRG Energy
NRG
$25.6B
| $18.2M | 0.02% |
477,140
-19,075
| -4% | -$779K |
|
577
RLI Corp
RLI
$5.86B
| $18M | 0.02% |
309,390
+131,158
| +74% | +$7.52M |
|
578
Huntington Ingalls Industries
HII
$13.1B
| $17.9M | 0.02% |
82,358
-3,160
| -4% | -$667K |
|
579
Etsy
ETSY
$7.23B
| $17.9M | 0.02% |
244,184
-10,797
| -4% | -$986K |
|
580
CubeSmart
CUBE
$9.21B
| $17.9M | 0.02% |
418,179
-12,838
| -3% | -$591K |
|
|
EXE
581
Expand Energy Corp
EXE
$22.4B
| $17.9M | 0.02% |
220,271
-3,191
| -1% | -$288K |
|
|
MPT
582
Medical Properties Trust
MPT
$2.46B
| $17.9M | 0.02% |
1,169,817
-22,211
| -2% | -$400K |
|
583
Annaly Capital Management
NLY
$17.3B
| $17.8M | 0.02% |
754,009
+8,011
| +1% | +$208K |
|
584
East-West Bancorp
EWBC
$18.1B
| $17.8M | 0.02% |
274,940
-12,794
| -4% | -$918K |
|
|
ONC
585
BeOne Medicines Ltd
ONC
$41.2B
| $17.8M | 0.02% |
110,059
-89,908
| -45% | -$14M |
|
586
Rogers Corp
ROG
$2.4B
| $17.8M | 0.02% |
67,897
+27,598
| +68% | +$7.34M |
|
587
Vail Resorts
MTN
$5.26B
| $17.7M | 0.02% |
81,391
-2,958
| -4% | -$723K |
|
588
Equitable Holdings
EQH
$14B
| $17.7M | 0.02% |
680,088
-25,583
| -4% | -$741K |
|
589
Credicorp
BAP
$30.2B
| $17.7M | 0.02% |
147,766
-1,783
| -1% | -$245K |
|
590
First Citizens BancShares
FCNCA
$25.2B
| $17.6M | 0.02% |
26,891
| – | – |
|
591
Whirlpool
WHR
$2.83B
| $17.4M | 0.02% |
112,444
-7,013
| -6% | -$1.22M |
|
592
Burlington
BURL
$23B
| $17.4M | 0.02% |
127,672
-7,162
| -5% | -$1.3M |
|
593
HEICO Corp Class A
HEI.A
$37.4B
| $17.4M | 0.02% |
164,796
-5,727
| -3% | -$659K |
|
|
HR
594
DELISTED
Healthcare Realty Trust Incorporated
HR
| $17.3M | 0.02% |
636,707
+302,352
| +90% | +$8.45M |
|
595
BJs Wholesale Club
BJ
$12.1B
| $17.3M | 0.02% |
277,051
-13,274
| -5% | -$834K |
|
596
Aecom
ACM
$8.75B
| $17.3M | 0.02% |
264,542
-14,368
| -5% | -$1M |
|
597
Rexford Industrial Realty
REXR
$8.11B
| $17.2M | 0.02% |
299,247
-3,555
| -1% | -$244K |
|
|
BHVN
598
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $17M | 0.02% |
116,708
-750
| -0.6% | -$95.8K |
|
|
SEE
599
DELISTED
Sealed Air
SEE
| $16.9M | 0.02% |
292,291
-17,303
| -6% | -$1.09M |
|
600
Reinsurance Group of America
RGA
$16B
| $16.8M | 0.02% |
142,829
-5,239
| -4% | -$608K |
|
Similar funds
California Public Employees Retirement System's Q2 2022 Portfolio in Review
As of Q2 2022, California Public Employees Retirement System held 1,230 positions worth $107B, down 17% from $129B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
California Public Employees Retirement System withdrew a net $3.93B in Q2 2022, closing 9 positions and reducing 978 holdings. Its most notable exit was Cerner Corp, an estimated $180M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in Aspen Technology Inc worth $19.5M.
- California Public Employees Retirement System's largest Q2 2022 buy was Aspen Technology Inc: 106,286 shares worth $19.5M.
- California Public Employees Retirement System added most to IBM in Q2 2022, an estimated $163M increase.
- California Public Employees Retirement System's biggest Q2 2022 reduction was Apple, cutting an estimated $268M.
- California Public Employees Retirement System fully exited Cerner Corp in Q2 2022, selling an estimated $180M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $107B portfolio in Q2 2022.
- California Public Employees Retirement System opened 3 new positions and closed 9 in Q2 2022.
- California Public Employees Retirement System's portfolio value fell 17% quarter-over-quarter to $107B.
Based on California Public Employees Retirement System's 13F filing for Q2 2022, filed 10 Aug 2022.