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 |
Costco
COST
|
+$286M |
| 2 |
NVIDIA
NVDA
|
+$276M |
| 3 |
Applied Materials
AMAT
|
+$236M |
| 4 |
NXP Semiconductors
NXPI
|
+$198M |
| 5 |
Microchip Technology
MCHP
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.02B |
| 2 |
KLA
KLAC
|
+$193M |
| 3 |
Texas Instruments
TXN
|
+$181M |
| 4 |
Walmart Inc
WMT
|
+$180M |
| 5 |
PepsiCo
PEP
|
+$168M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.39% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.37% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIVI
976
DELISTED
Civitas Resources
CIVI
| $8.3M | 0.01% |
163,794
+14,516
| +10% | +$899K |
|
977
American Eagle Outfitters
AEO
$2.94B
| $8.29M | 0.01% |
370,268
+2,452
| +0.7% | +$50.6K |
|
|
AMTM
978
Amentum Holdings
AMTM
$5.61B
| $8.26M | 0.01% |
+256,237
| New | +$7.3M |
|
979
First Financial Bankshares
FFIN
$5.01B
| $8.26M | 0.01% |
223,249
-17,054
| -7% | -$601K |
|
980
Capri Holdings
CPRI
$1.76B
| $8.24M | 0.01% |
194,229
+4,811
| +3% | +$169K |
|
981
Kanzhun
BZ
$7.45B
| $8.19M | 0.01% |
471,829
-36,394
| -7% | -$529K |
|
982
Champion Homes
SKY
$5.15B
| $8.18M | 0.01% |
86,281
+7,739
| +10% | +$649K |
|
983
Marathon Digital Holdings
MARA
$3.79B
| $8.08M | 0.01% |
498,247
+17,875
| +4% | +$324K |
|
984
Cousins Properties
CUZ
$4.87B
| $8.08M | 0.01% |
273,956
-8,153
| -3% | -$220K |
|
985
EnerSys
ENS
$6.89B
| $8.06M | 0.01% |
79,028
-3,115
| -4% | -$314K |
|
986
Tenable Holdings
TENB
$4.14B
| $8.04M | 0.01% |
198,361
+4,827
| +2% | +$201K |
|
|
EFOR
987
Everforth Inc
EFOR
$1.33B
| $8M | 0.01% |
85,795
-3,463
| -4% | -$321K |
|
988
Alarm.com
ALRM
$2.77B
| $7.95M | 0.01% |
145,327
+50,501
| +53% | +$3.1M |
|
989
Boyd Gaming
BYD
$6.03B
| $7.91M | 0.01% |
122,409
-2,958
| -2% | -$175K |
|
990
MSC Industrial Direct
MSM
$6.78B
| $7.91M | 0.01% |
91,923
+1,021
| +1% | +$83.5K |
|
991
Celsius Holdings
CELH
$6.91B
| $7.91M | 0.01% |
252,258
-64,501
| -20% | -$2.71M |
|
992
GATX Corp
GATX
$6.29B
| $7.88M | 0.01% |
59,458
-10,174
| -15% | -$1.4M |
|
993
Avient
AVNT
$4.19B
| $7.87M | 0.01% |
156,402
-3,713
| -2% | -$170K |
|
994
e.l.f. Beauty
ELF
$5.59B
| $7.86M | 0.01% |
72,071
-23,701
| -25% | -$3.72M |
|
995
Magnolia Oil & Gas
MGY
$6.21B
| $7.86M | 0.01% |
321,703
+34,340
| +12% | +$865K |
|
996
Herc Holdings
HRI
$5.76B
| $7.82M | 0.01% |
49,070
+1,384
| +3% | +$196K |
|
997
Innovative Industrial Properties
IIPR
$1.68B
| $7.82M | 0.01% |
58,097
+1,721
| +3% | +$209K |
|
998
Rambus
RMBS
$10.4B
| $7.77M | 0.01% |
184,003
-2,259
| -1% | -$109K |
|
999
Zillow
ZG
$7.73B
| $7.76M | 0.01% |
125,381
-159
| -0.1% | -$8.28K |
|
1000
Macy's
M
$6.47B
| $7.59M | 0.01% |
483,505
-3,977
| -0.8% | -$64.6K |
|
Similar funds
California Public Employees Retirement System's Q3 2024 Portfolio in Review
As of Q3 2024, California Public Employees Retirement System held 1,188 positions worth $143B, up 4.8% from $136B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
California Public Employees Retirement System's Q3 2024 filing shows 21 new, 469 increased, 653 reduced and 42 closed positions. Its largest new stake was Ferguson: 367,333 shares worth $72.9M. The largest sale was Tesla, an estimated $1.02B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 34% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q3 2024 buy was Ferguson: 367,333 shares worth $72.9M.
- California Public Employees Retirement System added most to Costco in Q3 2024, an estimated $286M increase.
- California Public Employees Retirement System's biggest Q3 2024 reduction was Tesla, cutting an estimated $1.02B.
- California Public Employees Retirement System fully exited WestRock Company in Q3 2024, selling an estimated $24.8M.
- California Public Employees Retirement System's ten largest holdings make up 29% of its $143B portfolio in Q3 2024.
- California Public Employees Retirement System opened 21 new positions and closed 42 in Q3 2024.
- California Public Employees Retirement System's portfolio value rose 4.8% quarter-over-quarter to $143B.
Based on California Public Employees Retirement System's 13F filing for Q3 2024, filed 13 Nov 2024.