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 | |
|---|---|---|---|---|---|---|
926
Applovin
APP
$107B
| $8.84M | 0.01% |
453,516
+132,990
| +41% | +$3.97M |
|
927
Lyft
LYFT
$6.69B
| $8.8M | 0.01% |
668,337
+188,452
| +39% | +$2.9M |
|
|
NSA
928
DELISTED
National Storage Affiliates Trust
NSA
| $8.8M | 0.01% |
211,665
+82,880
| +64% | +$4.23M |
|
929
Franklin Electric
FELE
$4.74B
| $8.8M | 0.01% |
107,652
+7,519
| +8% | +$641K |
|
930
Box
BOX
$4.62B
| $8.79M | 0.01% |
+360,444
| New | +$9.92M |
|
931
Intellia Therapeutics
NTLA
$1.68B
| $8.79M | 0.01% |
156,997
+37,062
| +31% | +$2.3M |
|
932
ONE Gas
OGS
$5B
| $8.78M | 0.01% |
124,765
+10,539
| +9% | +$849K |
|
933
UMB Financial
UMBF
$11.3B
| $8.78M | 0.01% |
104,113
+5,897
| +6% | +$534K |
|
934
MasTec
MTZ
$22B
| $8.77M | 0.01% |
138,177
+27,445
| +25% | +$2.12M |
|
935
Timken Company
TKR
$8.98B
| $8.77M | 0.01% |
148,572
+12,569
| +9% | +$780K |
|
936
Choice Hotels
CHH
$4.61B
| $8.77M | 0.01% |
80,054
+4,367
| +6% | +$501K |
|
937
Thor Industries
THO
$4.22B
| $8.76M | 0.01% |
125,149
+14,123
| +13% | +$1.15M |
|
938
GameStop
GME
$8.42B
| $8.74M | 0.01% |
348,000
| – | – |
|
939
GXO Logistics
GXO
$5.36B
| $8.73M | 0.01% |
249,120
+55,221
| +28% | +$2.44M |
|
940
WIX.com
WIX
$2.76B
| $8.73M | 0.01% |
111,623
+21,518
| +24% | +$1.48M |
|
|
AQUA
941
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $8.73M | 0.01% |
263,986
+65,142
| +33% | +$2.36M |
|
942
TechnipFMC
FTI
$29.2B
| $8.71M | 0.01% |
1,030,007
+90,553
| +10% | +$714K |
|
943
Alkermes
ALKS
$8.33B
| $8.7M | 0.01% |
389,728
+79,985
| +26% | +$2.08M |
|
|
VRNT
944
DELISTED
Verint Systems
VRNT
| $8.7M | 0.01% |
259,098
+43,174
| +20% | +$1.88M |
|
945
Lantheus
LNTH
$6.58B
| $8.7M | 0.01% |
+123,628
| New | +$9.36M |
|
|
SRCL
946
DELISTED
Stericycle Inc
SRCL
| $8.66M | 0.01% |
205,637
+14,258
| +7% | +$686K |
|
947
Hawaiian Electric Industries
HE
$2.05B
| $8.65M | 0.01% |
249,629
+20,244
| +9% | +$815K |
|
|
TRTN
948
DELISTED
Triton International Limited
TRTN
| $8.64M | 0.01% |
157,809
+8,265
| +6% | +$495K |
|
|
ENV
949
DELISTED
ENVESTNET, INC.
ENV
| $8.6M | 0.01% |
193,653
+86,838
| +81% | +$4.63M |
|
950
Power Integrations
POWI
$3.52B
| $8.57M | 0.01% |
133,274
+7,539
| +6% | +$564K |
|
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.