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 |
Meta Platforms (Facebook)
META
|
+$215M |
| 2 |
Costco
COST
|
+$170M |
| 3 |
NVIDIA
NVDA
|
+$158M |
| 4 |
Home Depot
HD
|
+$150M |
| 5 |
Accenture
ACN
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$400M |
| 2 |
Microsoft
MSFT
|
+$261M |
| 3 |
Merck
MRK
|
+$244M |
| 4 |
Walt Disney
DIS
|
+$198M |
| 5 |
Texas Instruments
TXN
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.97% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.38% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Macy's
M
$6.45B
| $9.37M | 0.01% |
468,818
-6,410
| -1% | -$124K |
|
902
Boise Cascade
BCC
$2.98B
| $9.37M | 0.01% |
61,098
+4,618
| +8% | +$624K |
|
903
Asbury Automotive
ABG
$3.73B
| $9.36M | 0.01% |
39,693
-2,276
| -5% | -$483K |
|
904
Lyft
LYFT
$6.64B
| $9.34M | 0.01% |
482,818
-17,084
| -3% | -$262K |
|
905
UGI
UGI
$7.54B
| $9.29M | 0.01% |
378,422
+17,659
| +5% | +$424K |
|
906
Lincoln National
LNC
$8.51B
| $9.28M | 0.01% |
290,721
+61,897
| +27% | +$1.71M |
|
907
Rayonier
RYN
$6.45B
| $9.27M | 0.01% |
307,282
-15,782
| -5% | -$471K |
|
|
AEL
908
DELISTED
American Equity Investment Life Holding Company
AEL
| $9.25M | 0.01% |
164,461
+4,703
| +3% | +$261K |
|
909
Duolingo
DUOL
$6.34B
| $9.24M | 0.01% |
+41,908
| New | +$8.54M |
|
910
Ollie's Bargain Outlet
OLLI
$4.76B
| $9.22M | 0.01% |
115,814
-3,777
| -3% | -$285K |
|
911
Varonis Systems
VRNS
$4.84B
| $9.22M | 0.01% |
195,361
+4,445
| +2% | +$212K |
|
912
Vornado Realty Trust
VNO
$7.24B
| $9.21M | 0.01% |
320,216
-11,799
| -4% | -$315K |
|
913
Cytokinetics
CYTK
$10.6B
| $9.19M | 0.01% |
131,141
-4,580
| -3% | -$354K |
|
914
Corebridge Financial
CRBG
$14.9B
| $9.19M | 0.01% |
+319,905
| New | +$7.9M |
|
|
ITCI
915
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $9.18M | 0.01% |
132,703
-27,673
| -17% | -$1.9M |
|
916
SLM Corp
SLM
$5.11B
| $9.15M | 0.01% |
419,723
-4,292
| -1% | -$85.6K |
|
917
EXL Service
EXLS
$5.29B
| $9.13M | 0.01% |
286,967
+12,351
| +4% | +$384K |
|
918
National Fuel Gas
NFG
$7.82B
| $9.11M | 0.01% |
169,599
-7,960
| -4% | -$394K |
|
919
American Eagle Outfitters
AEO
$2.91B
| $9.09M | 0.01% |
352,474
+24,143
| +7% | +$536K |
|
920
Cabot Corp
CBT
$4.49B
| $9.09M | 0.01% |
98,558
+1,846
| +2% | +$150K |
|
|
SUM
921
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $9.07M | 0.01% |
203,534
-19,567
| -9% | -$774K |
|
922
MDU Resources
MDU
$4.31B
| $9.05M | 0.01% |
648,293
-7,301
| -1% | -$84.5K |
|
|
MASI
923
DELISTED
Masimo
MASI
| $9.05M | 0.01% |
61,615
-15,843
| -20% | -$2.05M |
|
924
StoneCo
STNE
$2.42B
| $9.05M | 0.01% |
544,647
+6,542
| +1% | +$112K |
|
925
Noble Corp
NE
$7.1B
| $9.04M | 0.01% |
186,436
-1,986
| -1% | -$89.4K |
|
Similar funds
California Public Employees Retirement System's Q1 2024 Portfolio in Review
As of Q1 2024, California Public Employees Retirement System held 1,206 positions worth $142B, up 8% from $132B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q1 2024: portfolio turnover was 4.6%. California Public Employees Retirement System opened 19 new positions and exited 37, leaving the 1,206-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 30% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q1 2024 buy was Core & Main: 260,665 shares worth $14.9M.
- California Public Employees Retirement System added most to Meta Platforms (Facebook) in Q1 2024, an estimated $215M increase.
- California Public Employees Retirement System's biggest Q1 2024 reduction was Amazon, cutting an estimated $400M.
- California Public Employees Retirement System fully exited Splunk Inc in Q1 2024, selling an estimated $43.7M.
- California Public Employees Retirement System's ten largest holdings make up 26% of its $142B portfolio in Q1 2024.
- California Public Employees Retirement System opened 19 new positions and closed 37 in Q1 2024.
- California Public Employees Retirement System's portfolio value rose 8% quarter-over-quarter to $142B.
Based on California Public Employees Retirement System's 13F filing for Q1 2024, filed 30 Apr 2024.