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 |
Charter Communications
CHTR
|
+$375M |
| 2 |
Netflix
NFLX
|
+$339M |
| 3 |
Costco
COST
|
+$198M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$190M |
| 5 |
Microsoft
MSFT
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$224M |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$174M |
| 3 |
Labcorp
LH
|
+$157M |
| 4 |
Stryker
SYK
|
+$130M |
| 5 |
Mid-America Apartment Communities
MAA
|
+$116M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.74% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.44% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NATI
926
DELISTED
National Instruments Corp
NATI
| $11.6M | 0.01% |
295,744
+2,621
| +0.9% | +$110K |
|
927
Avis
CAR
$4.97B
| $11.6M | 0.01% |
+99,260
| New | +$8.75M |
|
928
Bread Financial
BFH
$4.36B
| $11.6M | 0.01% |
143,494
+3,479
| +2% | +$269K |
|
929
Element Solutions
ESI
$9.17B
| $11.5M | 0.01% |
532,254
+8,976
| +2% | +$205K |
|
|
EVBG
930
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $11.5M | 0.01% |
76,223
+313
| +0.4% | +$46.3K |
|
|
NVTA
931
DELISTED
Invitae Corporation
NVTA
| $11.5M | 0.01% |
404,935
+26,720
| +7% | +$783K |
|
932
NCR Voyix
VYX
$1.11B
| $11.5M | 0.01% |
483,414
-1,817
| -0.4% | -$47.3K |
|
933
Unum
UNM
$14.2B
| $11.5M | 0.01% |
457,128
-18,963
| -4% | -$502K |
|
934
Pegasystems
PEGA
$5.44B
| $11.4M | 0.01% |
179,788
+11,506
| +7% | +$766K |
|
|
CHNG
935
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $11.4M | 0.01% |
545,647
+49,021
| +10% | +$1.07M |
|
936
BWX Technologies
BWXT
$15.5B
| $11.4M | 0.01% |
211,965
-1,750
| -0.8% | -$98.6K |
|
937
NOV
NOV
$7.49B
| $11.4M | 0.01% |
869,929
+1,694
| +0.2% | +$22.9K |
|
938
Valmont Industries
VMI
$9.52B
| $11.4M | 0.01% |
48,506
+97
| +0.2% | +$23.1K |
|
939
HF Sinclair
DINO
$15.2B
| $11.4M | 0.01% |
342,961
+9,026
| +3% | +$274K |
|
940
Liberty Global Class A
LBTYA
$3.48B
| $11.4M | 0.01% |
381,267
-7,764
| -2% | -$215K |
|
941
Rayonier
RYN
$6.45B
| $11.4M | 0.01% |
350,680
+6,911
| +2% | +$231K |
|
942
SL Green Realty
SLG
$3.95B
| $11.3M | 0.01% |
160,058
+1,545
| +1% | +$113K |
|
943
Interactive Brokers
IBKR
$40.7B
| $11.3M | 0.01% |
723,092
+2,008
| +0.3% | +$31.6K |
|
944
Pacific Biosciences
PACB
$354M
| $11.2M | 0.01% |
439,313
-2,067
| -0.5% | -$61.2K |
|
945
MasTec
MTZ
$21.9B
| $11.2M | 0.01% |
129,783
-870
| -0.7% | -$82.5K |
|
946
Integra LifeSciences
IART
$1.35B
| $11.2M | 0.01% |
163,461
-1,099
| -0.7% | -$77.6K |
|
947
Twist Bioscience
TWST
$7.72B
| $11.2M | 0.01% |
104,587
-1,668
| -2% | -$191K |
|
948
Semtech
SMTC
$12.2B
| $11.1M | 0.01% |
142,840
-1,043
| -0.7% | -$71.4K |
|
949
Cirrus Logic
CRUS
$6.11B
| $11.1M | 0.01% |
135,121
-4,409
| -3% | -$367K |
|
950
Ashland
ASH
$3.42B
| $11.1M | 0.01% |
124,673
-2,055
| -2% | -$180K |
|
Similar funds
California Public Employees Retirement System's Q3 2021 Portfolio in Review
As of Q3 2021, California Public Employees Retirement System held 1,569 positions worth $134B, up 0.48% from $133B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
California Public Employees Retirement System's Q3 2021 filing shows 40 new, 554 increased, 633 reduced and 330 closed positions. Its largest new stake was Snowflake: 389,341 shares worth $118M. The largest sale was Coca-Cola, an estimated $224M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2021 buy was Snowflake: 389,341 shares worth $118M.
- California Public Employees Retirement System added most to Charter Communications in Q3 2021, an estimated $375M increase.
- California Public Employees Retirement System's biggest Q3 2021 reduction was Coca-Cola, cutting an estimated $224M.
- California Public Employees Retirement System fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $174M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $134B portfolio in Q3 2021.
- California Public Employees Retirement System opened 40 new positions and closed 330 in Q3 2021.
- California Public Employees Retirement System's portfolio value rose 0.48% quarter-over-quarter to $134B.
Based on California Public Employees Retirement System's 13F filing for Q3 2021, filed 10 Nov 2021.