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 |
Alphabet (Google) Class A
GOOGL
|
+$185M |
| 2 |
Apple
AAPL
|
+$145M |
| 3 |
Accenture
ACN
|
+$134M |
| 4 |
ON Semiconductor
ON
|
+$107M |
| 5 |
MSCI
MSCI
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.41B |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$505M |
| 3 |
Costco
COST
|
+$387M |
| 4 |
Home Depot
HD
|
+$345M |
| 5 |
PepsiCo
PEP
|
+$258M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.66% |
| 2 | Healthcare | 12.78% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Trex
TREX
$5B
| $15.9M | 0.01% |
214,592
+22,119
| +11% | +$1.94M |
|
677
Evercore
EVR
$11.6B
| $15.9M | 0.01% |
76,247
+1,772
| +2% | +$345K |
|
678
Sabra Healthcare REIT
SBRA
$5.12B
| $15.9M | 0.01% |
1,031,823
+93,575
| +10% | +$1.34M |
|
679
Aramark
ARMK
$15.9B
| $15.9M | 0.01% |
466,880
+11,666
| +3% | +$379K |
|
680
Spire
SR
$4.81B
| $15.8M | 0.01% |
259,735
-705
| -0.3% | -$42.6K |
|
681
Elastic
ESTC
$7.98B
| $15.7M | 0.01% |
137,817
+81
| +0.1% | +$8.51K |
|
682
Rexford Industrial Realty
REXR
$8.11B
| $15.7M | 0.01% |
351,939
-8,773
| -2% | -$395K |
|
683
The Mosaic Company
MOS
$7.44B
| $15.7M | 0.01% |
542,607
-16,677
| -3% | -$502K |
|
684
DaVita
DVA
$11.6B
| $15.7M | 0.01% |
113,165
-121
| -0.1% | -$16.7K |
|
685
Autoliv
ALV
$8.97B
| $15.6M | 0.01% |
145,854
-3,799
| -3% | -$452K |
|
686
Donaldson
DCI
$11.3B
| $15.6M | 0.01% |
218,035
+665
| +0.3% | +$48.8K |
|
687
monday.com
MNDY
$3.67B
| $15.6M | 0.01% |
64,670
+27,887
| +76% | +$5.88M |
|
688
Crown Holdings
CCK
$13.2B
| $15.5M | 0.01% |
208,055
+9,981
| +5% | +$805K |
|
689
Annaly Capital Management
NLY
$17.3B
| $15.5M | 0.01% |
811,277
+138,989
| +21% | +$2.7M |
|
690
Bath & Body Works
BBWI
$3.88B
| $15.4M | 0.01% |
393,835
-5,454
| -1% | -$250K |
|
691
Eagle Materials
EXP
$6.52B
| $15.3M | 0.01% |
70,204
-3,000
| -4% | -$734K |
|
692
MKS Inc
MKSI
$20.1B
| $15.3M | 0.01% |
116,849
+332
| +0.3% | +$41.9K |
|
693
FTAI Aviation
FTAI
$22.7B
| $15.3M | 0.01% |
147,776
+40,433
| +38% | +$3.21M |
|
694
WIX.com
WIX
$2.72B
| $15.2M | 0.01% |
95,829
+751
| +0.8% | +$108K |
|
695
Madison Square Garden
MSGS
$9.53B
| $15.2M | 0.01% |
80,839
-15,135
| -16% | -$2.81M |
|
696
Graphic Packaging
GPK
$3.54B
| $15.2M | 0.01% |
579,600
-12,255
| -2% | -$338K |
|
697
Ingredion
INGR
$6.58B
| $15.2M | 0.01% |
132,187
+4,568
| +4% | +$528K |
|
698
First Horizon
FHN
$12B
| $15.1M | 0.01% |
958,588
-14,147
| -1% | -$214K |
|
|
TGNA
699
DELISTED
TEGNA Inc
TGNA
| $15.1M | 0.01% |
1,084,265
-198,037
| -15% | -$2.79M |
|
700
CarMax
KMX
$8.28B
| $15.1M | 0.01% |
206,076
-8,758
| -4% | -$631K |
|
Similar funds
California Public Employees Retirement System's Q2 2024 Portfolio in Review
As of Q2 2024, California Public Employees Retirement System held 1,172 positions worth $136B, down 4.1% from $142B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
California Public Employees Retirement System withdrew a net $10B in Q2 2024, closing 5 positions and reducing 702 holdings. Its most notable exit was State Street Financial Select Sector SPDR ETF, an estimated $505M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 31% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in GE Vernova worth $82.1M.
- California Public Employees Retirement System's largest Q2 2024 buy was GE Vernova: 478,888 shares worth $82.1M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q2 2024, an estimated $185M increase.
- California Public Employees Retirement System's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $1.41B.
- California Public Employees Retirement System fully exited State Street Financial Select Sector SPDR ETF in Q2 2024, selling an estimated $505M.
- California Public Employees Retirement System's ten largest holdings make up 30% of its $136B portfolio in Q2 2024.
- California Public Employees Retirement System opened 3 new positions and closed 5 in Q2 2024.
- California Public Employees Retirement System's portfolio value fell 4.1% quarter-over-quarter to $136B.
Based on California Public Employees Retirement System's 13F filing for Q2 2024, filed 14 Aug 2024.