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 |
Microsoft
MSFT
|
+$142M |
| 2 |
TE Connectivity
TEL
|
+$141M |
| 3 |
Texas Instruments
TXN
|
+$93.8M |
| 4 |
Oracle
ORCL
|
+$89.9M |
| 5 |
Apple
AAPL
|
+$89.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$332M |
| 2 |
Amazon
AMZN
|
+$318M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$300M |
| 4 |
Danaher
DHR
|
+$150M |
| 5 |
Charter Communications
CHTR
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28% |
| 2 | Healthcare | 14.95% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Silgan Holdings
SLGN
$4.35B
| $12.7M | 0.01% |
271,488
+17,059
| +7% | +$830K |
|
752
Sensata Technologies
ST
$6.66B
| $12.7M | 0.01% |
282,922
-15,014
| -5% | -$659K |
|
753
Rivian
RIVN
$23.7B
| $12.7M | 0.01% |
761,189
-27,647
| -4% | -$386K |
|
|
SGI
754
Somnigroup International
SGI
$13.6B
| $12.7M | 0.01% |
315,722
-13,993
| -4% | -$526K |
|
755
Webster Financial
WBS
$12.8B
| $12.6M | 0.01% |
334,836
-15,779
| -5% | -$583K |
|
756
Nexstar Media Group
NXST
$5.91B
| $12.6M | 0.01% |
75,720
-5,966
| -7% | -$989K |
|
757
Timken Company
TKR
$8.77B
| $12.6M | 0.01% |
137,577
-3,217
| -2% | -$254K |
|
758
Range Resources
RRC
$9.41B
| $12.6M | 0.01% |
428,241
-19,477
| -4% | -$530K |
|
|
SWN
759
DELISTED
Southwestern Energy Company
SWN
| $12.6M | 0.01% |
2,093,956
-92,227
| -4% | -$475K |
|
760
Polaris
PII
$3.97B
| $12.6M | 0.01% |
103,885
-5,129
| -5% | -$567K |
|
761
UFP Industries
UFPI
$5.01B
| $12.5M | 0.01% |
128,565
-3,098
| -2% | -$258K |
|
762
Brunswick
BC
$5.21B
| $12.4M | 0.01% |
143,580
-8,724
| -6% | -$712K |
|
763
Lithia Motors
LAD
$8.35B
| $12.4M | 0.01% |
40,722
-11,607
| -22% | -$2.78M |
|
|
LNW
764
DELISTED
Light & Wonder
LNW
| $12.3M | 0.01% |
179,544
-17,917
| -9% | -$1.11M |
|
765
Atkore
ATKR
$3.17B
| $12.3M | 0.01% |
78,952
-3,322
| -4% | -$436K |
|
766
First Industrial Realty Trust
FR
$8.36B
| $12.3M | 0.01% |
233,662
-10,843
| -4% | -$566K |
|
767
Mattel
MAT
$4.21B
| $12.3M | 0.01% |
629,166
-70,069
| -10% | -$1.27M |
|
|
SF
768
Stifel
SF
$12.7B
| $12.2M | 0.01% |
307,910
-7,318
| -2% | -$285K |
|
769
Carlyle Group
CG
$17.2B
| $12.2M | 0.01% |
383,172
+8,151
| +2% | +$238K |
|
770
Wingstop
WING
$3.2B
| $12.2M | 0.01% |
61,074
+1,831
| +3% | +$358K |
|
771
Affiliated Managers Group
AMG
$9.6B
| $12.2M | 0.01% |
81,326
-2,133
| -3% | -$305K |
|
772
GXO Logistics
GXO
$5.4B
| $12.2M | 0.01% |
193,573
+18,117
| +10% | +$1.02M |
|
773
LXP Industrial Trust
LXP
$3.58B
| $12.1M | 0.01% |
249,120
+67,106
| +37% | +$3.32M |
|
774
Olin
OLN
$2.15B
| $12.1M | 0.01% |
236,236
-16,256
| -6% | -$865K |
|
775
Antero Resources
AR
$11.4B
| $12.1M | 0.01% |
526,117
-13,328
| -2% | -$296K |
|
Similar funds
California Public Employees Retirement System's Q2 2023 Portfolio in Review
As of Q2 2023, California Public Employees Retirement System held 1,218 positions worth $116B, up 3.4% from $113B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0.9%. California Public Employees Retirement System opened 3 new positions and exited 8, leaving the 1,218-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q2 2023 buy was Crane Co: 96,845 shares worth $8.63M.
- California Public Employees Retirement System added most to Microsoft in Q2 2023, an estimated $142M increase.
- California Public Employees Retirement System's biggest Q2 2023 reduction was Accenture, cutting an estimated $332M.
- California Public Employees Retirement System fully exited Dell in Q2 2023, selling an estimated $25.3M.
- California Public Employees Retirement System's ten largest holdings make up 24% of its $116B portfolio in Q2 2023.
- California Public Employees Retirement System opened 3 new positions and closed 8 in Q2 2023.
- California Public Employees Retirement System's portfolio value rose 3.4% quarter-over-quarter to $116B.
Based on California Public Employees Retirement System's 13F filing for Q2 2023, filed 9 Aug 2023.