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 | |
|---|---|---|---|---|---|---|
776
Landstar System
LSTR
$6.03B
| $12.2M | 0.01% |
84,812
+6,955
| +9% | +$1.04M |
|
|
NATI
777
DELISTED
National Instruments Corp
NATI
| $12.2M | 0.01% |
323,803
+50,108
| +18% | +$1.89M |
|
778
Polaris
PII
$3.99B
| $12.1M | 0.01% |
126,945
+8,778
| +7% | +$984K |
|
779
Ingredion
INGR
$6.6B
| $12.1M | 0.01% |
150,650
+6,174
| +4% | +$542K |
|
780
Glacier Bancorp
GBCI
$6.39B
| $12.1M | 0.01% |
246,065
+22,472
| +10% | +$1.14M |
|
781
Murphy Oil
MUR
$5.12B
| $12.1M | 0.01% |
342,953
+158,322
| +86% | +$5.47M |
|
782
Newell Brands
NWL
$2.62B
| $12M | 0.01% |
863,210
+136,776
| +19% | +$2.55M |
|
783
Sonoco
SON
$5.71B
| $11.9M | 0.01% |
210,450
+40,104
| +24% | +$2.47M |
|
784
DT Midstream
DTM
$13.7B
| $11.9M | 0.01% |
230,062
+14,715
| +7% | +$794K |
|
785
SEI Investments
SEIC
$12.6B
| $11.9M | 0.01% |
242,167
+55,301
| +30% | +$3.02M |
|
786
Sunrun
RUN
$2.42B
| $11.9M | 0.01% |
429,646
+73,374
| +21% | +$2.28M |
|
787
Wintrust Financial
WTFC
$10.9B
| $11.8M | 0.01% |
144,592
+17,841
| +14% | +$1.51M |
|
|
BLD
788
DELISTED
TopBuild
BLD
| $11.8M | 0.01% |
71,487
+3,208
| +5% | +$593K |
|
789
Southwest Gas
SWX
$6.63B
| $11.8M | 0.01% |
168,673
+143,629
| +574% | +$11.7M |
|
790
Alarm.com
ALRM
$2.77B
| $11.8M | 0.01% |
181,380
+18,387
| +11% | +$1.26M |
|
791
Kilroy Realty
KRC
$4.24B
| $11.8M | 0.01% |
279,364
+32,557
| +13% | +$1.64M |
|
792
Huntsman Corp
HUN
$1.83B
| $11.8M | 0.01% |
478,876
+70,994
| +17% | +$2M |
|
|
EXAS
793
DELISTED
Exact Sciences
EXAS
| $11.7M | 0.01% |
360,922
+58,731
| +19% | +$2.42M |
|
794
ITT
ITT
$19.4B
| $11.7M | 0.01% |
179,393
+15,519
| +9% | +$1.13M |
|
795
Bank OZK
OZK
$5.66B
| $11.7M | 0.01% |
294,596
+36,707
| +14% | +$1.48M |
|
796
Exelixis
EXEL
$12.7B
| $11.6M | 0.01% |
742,844
+147,558
| +25% | +$2.85M |
|
797
Robinhood
HOOD
$84.9B
| $11.6M | 0.01% |
1,148,441
+307,753
| +37% | +$2.96M |
|
|
APLS
798
DELISTED
Apellis Pharmaceuticals
APLS
| $11.6M | 0.01% |
+169,682
| New | +$10M |
|
799
Invesco
IVZ
$13.8B
| $11.6M | 0.01% |
844,473
+235,601
| +39% | +$3.97M |
|
800
Idacorp
IDA
$8.11B
| $11.6M | 0.01% |
116,812
+4,604
| +4% | +$502K |
|
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.