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 |
Texas Instruments
TXN
|
+$132M |
| 2 |
IBM
IBM
|
+$72.7M |
| 3 |
McKesson
MCK
|
+$59.1M |
| 4 |
Home Depot
HD
|
+$55.1M |
| 5 |
Tesla
TSLA
|
+$53.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.03B |
| 2 |
Microsoft
MSFT
|
+$354M |
| 3 |
Amazon
AMZN
|
+$331M |
| 4 |
NVIDIA
NVDA
|
+$236M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$179M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.29% |
| 2 | Healthcare | 15.7% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.54% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Matador Resources
MTDR
$6.51B
| $11.4M | 0.01% |
238,326
-42,981
| -15% | -$2.42M |
|
802
Mine Safety
MSA
$7.44B
| $11.3M | 0.01% |
85,005
-3,251
| -4% | -$438K |
|
803
Lantheus
LNTH
$6.57B
| $11.3M | 0.01% |
137,409
-10,922
| -7% | -$704K |
|
804
Brixmor Property Group
BRX
$9.09B
| $11.3M | 0.01% |
526,855
-137,163
| -21% | -$3.05M |
|
805
AGNC Investment
AGNC
$12.9B
| $11.3M | 0.01% |
1,122,561
-136,089
| -11% | -$1.48M |
|
806
SouthState Bank Corp
SSB
$10.7B
| $11.3M | 0.01% |
158,235
-17,368
| -10% | -$1.35M |
|
|
SRC
807
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $11.3M | 0.01% |
282,794
-27,149
| -9% | -$1.12M |
|
|
X
808
DELISTED
US Steel
X
| $11.3M | 0.01% |
431,207
-88,582
| -17% | -$2.46M |
|
809
Morningstar
MORN
$7.33B
| $11.2M | 0.01% |
55,298
+740
| +1% | +$163K |
|
810
Nutanix
NTNX
$17.4B
| $11.2M | 0.01% |
431,877
-70,290
| -14% | -$1.9M |
|
811
Invesco
IVZ
$13.8B
| $11.2M | 0.01% |
682,318
-119,930
| -15% | -$2.14M |
|
812
Organon & Co
OGN
$3.58B
| $11.2M | 0.01% |
475,142
-85,356
| -15% | -$2.29M |
|
813
Vipshop
VIPS
$7.2B
| $11.1M | 0.01% |
732,645
-141,715
| -16% | -$2.11M |
|
814
Fox Factory Holding Corp
FOXF
$905M
| $11.1M | 0.01% |
91,594
-4,218
| -4% | -$484K |
|
815
MasTec
MTZ
$21.9B
| $11.1M | 0.01% |
117,305
-19,476
| -14% | -$1.85M |
|
|
UNVR
816
DELISTED
Univar Solutions Inc.
UNVR
| $11.1M | 0.01% |
315,797
-55,733
| -15% | -$1.89M |
|
817
Wendy's
WEN
$1.44B
| $11.1M | 0.01% |
507,839
+276,489
| +120% | +$6.07M |
|
818
Capri Holdings
CPRI
$1.77B
| $11.1M | 0.01% |
235,161
-52,812
| -18% | -$2.83M |
|
819
Ashland
ASH
$3.42B
| $11M | 0.01% |
107,519
-15,093
| -12% | -$1.57M |
|
|
AQUA
820
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $11M | 0.01% |
221,613
-46,837
| -17% | -$2.19M |
|
821
Norwegian Cruise Line
NCLH
$8.59B
| $11M | 0.01% |
815,348
-107,917
| -12% | -$1.62M |
|
|
SWN
822
DELISTED
Southwestern Energy Company
SWN
| $10.9M | 0.01% |
2,186,183
-326,548
| -13% | -$1.73M |
|
823
Encompass Health
EHC
$12.4B
| $10.9M | 0.01% |
201,573
-39,954
| -17% | -$2.33M |
|
824
Wingstop
WING
$3.03B
| $10.9M | 0.01% |
59,243
-8,219
| -12% | -$1.35M |
|
825
National Fuel Gas
NFG
$7.82B
| $10.8M | 0.01% |
187,508
-23,365
| -11% | -$1.35M |
|
Similar funds
California Public Employees Retirement System's Q1 2023 Portfolio in Review
As of Q1 2023, California Public Employees Retirement System held 1,248 positions worth $113B, down 3.9% from $117B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
California Public Employees Retirement System withdrew a net $10.8B in Q1 2023, closing 33 positions and reducing 1,057 holdings. Its most notable exit was State Street Technology Select Sector SPDR ETF, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in GE HealthCare worth $56.6M.
- California Public Employees Retirement System's largest Q1 2023 buy was GE HealthCare: 690,105 shares worth $56.6M.
- California Public Employees Retirement System added most to Texas Instruments in Q1 2023, an estimated $132M increase.
- California Public Employees Retirement System's biggest Q1 2023 reduction was Apple, cutting an estimated $1.03B.
- California Public Employees Retirement System fully exited State Street Technology Select Sector SPDR ETF in Q1 2023, selling an estimated $143M.
- California Public Employees Retirement System's ten largest holdings make up 21% of its $113B portfolio in Q1 2023.
- California Public Employees Retirement System opened 31 new positions and closed 33 in Q1 2023.
- California Public Employees Retirement System's portfolio value fell 3.9% quarter-over-quarter to $113B.
Based on California Public Employees Retirement System's 13F filing for Q1 2023, filed 12 May 2023.