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 |
Apple
AAPL
|
+$840M |
| 2 |
Microsoft
MSFT
|
+$613M |
| 3 |
Amazon
AMZN
|
+$277M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$249M |
| 5 |
Tesla
TSLA
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$181M |
| 2 |
WCN
Waste Connections
WCN
|
+$171M |
| 3 |
Walmart Inc
WMT
|
+$170M |
| 4 |
Adobe
ADBE
|
+$160M |
| 5 |
Accenture
ACN
|
+$140M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.75% |
| 2 | Healthcare | 16.59% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Tetra Tech
TTEK
$9.06B
| $15.6M | 0.01% |
607,510
+68,600
| +13% | +$1.92M |
|
677
Voya Financial
VOYA
$8.9B
| $15.6M | 0.01% |
257,020
+42,969
| +20% | +$2.63M |
|
678
Liberty Global Class A
LBTYA
$3.48B
| $15.5M | 0.01% |
997,023
+4,253
| +0.4% | +$85.5K |
|
679
Western Alliance Bancorporation
WAL
$8.89B
| $15.5M | 0.01% |
236,230
+32,497
| +16% | +$2.46M |
|
|
AXON
680
Axon Enterprise
AXON
$51.7B
| $15.4M | 0.01% |
133,322
+1,911
| +1% | +$217K |
|
681
Lattice Semiconductor
LSCC
$17.9B
| $15.4M | 0.01% |
313,402
+39,288
| +14% | +$2.18M |
|
682
Range Resources
RRC
$9.5B
| $15.4M | 0.01% |
609,680
+158,677
| +35% | +$4.8M |
|
683
Lucid Motors
LCID
$2.64B
| $15.3M | 0.01% |
109,341
+12,735
| +13% | +$2.21M |
|
684
Mattel
MAT
$4.29B
| $15.2M | 0.01% |
801,142
+135,893
| +20% | +$3.04M |
|
|
SEE
685
DELISTED
Sealed Air
SEE
| $15.2M | 0.01% |
340,492
+48,201
| +16% | +$2.64M |
|
686
Carnival Corporation Ltd
CCL
$38B
| $15.1M | 0.01% |
2,154,227
+488,024
| +29% | +$4.73M |
|
687
Wynn Resorts
WYNN
$10.8B
| $15.1M | 0.01% |
239,293
+41,440
| +21% | +$2.58M |
|
688
Penumbra
PEN
$12.9B
| $15M | 0.01% |
79,161
+7,588
| +11% | +$1.22M |
|
689
Franklin Resources
BEN
$16.9B
| $15M | 0.01% |
696,340
+142,350
| +26% | +$3.66M |
|
690
Nexstar Media Group
NXST
$5.69B
| $14.9M | 0.01% |
89,522
+5,766
| +7% | +$1.07M |
|
691
Jefferies Financial Group
JEF
$12.7B
| $14.9M | 0.01% |
528,844
+71,544
| +16% | +$2.17M |
|
692
Performance Food Group
PFGC
$17.9B
| $14.9M | 0.01% |
346,856
+48,608
| +16% | +$2.4M |
|
693
Annaly Capital Management
NLY
$17.4B
| $14.8M | 0.01% |
865,385
+111,376
| +15% | +$2.81M |
|
694
Graphic Packaging
GPK
$3.54B
| $14.8M | 0.01% |
751,814
+209,746
| +39% | +$4.6M |
|
695
Churchill Downs
CHDN
$6.18B
| $14.8M | 0.01% |
160,986
+6,954
| +5% | +$709K |
|
696
Caesars Entertainment
CZR
$6.06B
| $14.8M | 0.01% |
459,425
+110,331
| +32% | +$4.8M |
|
697
NOV
NOV
$7.49B
| $14.7M | 0.01% |
910,550
+131,342
| +17% | +$2.21M |
|
698
Floor & Decor
FND
$6.44B
| $14.7M | 0.01% |
209,541
+33,120
| +19% | +$2.66M |
|
699
First Industrial Realty Trust
FR
$8.35B
| $14.7M | 0.01% |
327,817
+58,707
| +22% | +$2.97M |
|
700
Americold
COLD
$4.13B
| $14.7M | 0.01% |
595,597
+107,234
| +22% | +$3.24M |
|
Similar funds
California Public Employees Retirement System's Q3 2022 Portfolio in Review
As of Q3 2022, California Public Employees Retirement System held 1,261 positions worth $109B, up 1.7% from $107B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
California Public Employees Retirement System deployed $8.75B of net new capital in Q3 2022, opening 40 new positions and adding to 1,042 existing holdings. Its largest new stake was Airbnb: 861,206 shares worth $90.5M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was NextEra Energy, an estimated $181M trimmed.
- California Public Employees Retirement System's largest Q3 2022 buy was Airbnb: 861,206 shares worth $90.5M.
- California Public Employees Retirement System added most to Apple in Q3 2022, an estimated $840M increase.
- California Public Employees Retirement System's biggest Q3 2022 reduction was NextEra Energy, cutting an estimated $181M.
- California Public Employees Retirement System fully exited Waste Connections in Q3 2022, selling an estimated $171M.
- California Public Employees Retirement System's ten largest holdings make up 20% of its $109B portfolio in Q3 2022.
- California Public Employees Retirement System opened 40 new positions and closed 39 in Q3 2022.
- California Public Employees Retirement System's portfolio value rose 1.7% quarter-over-quarter to $109B.
Based on California Public Employees Retirement System's 13F filing for Q3 2022, filed 9 Nov 2022.