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 | |
|---|---|---|---|---|---|---|
876
HealthEquity
HQY
$8.93B
| $9.49M | 0.01% |
150,348
-267,966
| -64% | -$15.5M |
|
877
NOV
NOV
$7.38B
| $9.46M | 0.01% |
589,830
-174,869
| -23% | -$2.85M |
|
878
Kite Realty
KRG
$5.29B
| $9.45M | 0.01% |
422,999
-14,179
| -3% | -$292K |
|
879
National Fuel Gas
NFG
$7.78B
| $9.43M | 0.01% |
183,664
-3,844
| -2% | -$204K |
|
880
Fox Factory Holding Corp
FOXF
$882M
| $9.42M | 0.01% |
86,777
-4,817
| -5% | -$493K |
|
881
Huntsman Corp
HUN
$1.82B
| $9.4M | 0.01% |
347,840
-26,966
| -7% | -$700K |
|
882
Diodes
DIOD
$4.65B
| $9.39M | 0.01% |
101,500
+996
| +1% | +$87.8K |
|
883
Chord Energy
CHRD
$7.8B
| $9.38M | 0.01% |
61,007
+3,095
| +5% | +$449K |
|
884
Option Care Health
OPCH
$3.67B
| $9.37M | 0.01% |
288,405
-3,569
| -1% | -$108K |
|
885
Organon & Co
OGN
$3.58B
| $9.32M | 0.01% |
447,704
-27,438
| -6% | -$596K |
|
886
MGIC Investment
MTG
$6.21B
| $9.31M | 0.01% |
589,430
-28,575
| -5% | -$424K |
|
887
Haemonetics
HAE
$3.94B
| $9.3M | 0.01% |
109,286
+114
| +0.1% | +$9.64K |
|
888
Flowserve
FLS
$10.1B
| $9.28M | 0.01% |
249,764
-17,301
| -6% | -$600K |
|
|
CMA
889
DELISTED
Comerica
CMA
| $9.27M | 0.01% |
218,908
-48,824
| -18% | -$1.97M |
|
890
Wintrust Financial
WTFC
$10.7B
| $9.23M | 0.01% |
127,142
-4,205
| -3% | -$287K |
|
891
Avis
CAR
$4.9B
| $9.2M | 0.01% |
40,251
-7,253
| -15% | -$1.33M |
|
892
Bank OZK
OZK
$5.63B
| $9.2M | 0.01% |
228,980
-25,393
| -10% | -$911K |
|
|
AIRC
893
DELISTED
Apartment Income REIT Corp.
AIRC
| $9.19M | 0.01% |
254,732
-33,659
| -12% | -$1.2M |
|
894
Tenable Holdings
TENB
$4.04B
| $9.18M | 0.01% |
210,815
-12,656
| -6% | -$517K |
|
895
Kirby Corp
KEX
$7B
| $9.13M | 0.01% |
118,612
-3,984
| -3% | -$287K |
|
896
Ryder
R
$9.98B
| $9.03M | 0.01% |
106,557
-7,332
| -6% | -$604K |
|
897
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $9.03M | 0.01% |
159,388
| – | – |
|
898
Workiva
WK
$3.66B
| $9.02M | 0.01% |
88,733
+4,390
| +5% | +$422K |
|
899
Rithm Capital
RITM
$5.65B
| $9.01M | 0.01% |
963,694
-17,184
| -2% | -$144K |
|
900
UiPath
PATH
$8.08B
| $8.99M | 0.01% |
542,642
-20,637
| -4% | -$331K |
|
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.