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 | |
|---|---|---|---|---|---|---|
1001
Flowers Foods
FLO
$1.51B
| $10M | 0.01% |
425,002
-6,246
| -1% | -$148K |
|
1002
Virgin Galactic
SPCE
$501M
| $10M | 0.01% |
19,824
+3,803
| +24% | +$2.26M |
|
1003
Tilray
TLRY
$639M
| $10M | 0.01% |
+88,737
| New | +$12.2M |
|
1004
Agree Realty
ADC
$9.16B
| $10M | 0.01% |
151,136
+11,211
| +8% | +$816K |
|
1005
Neogen
NEOG
$2.49B
| $10M | 0.01% |
230,483
+15,515
| +7% | +$675K |
|
1006
Hawaiian Electric Industries
HE
$2.08B
| $10M | 0.01% |
244,828
+1,724
| +0.7% | +$74K |
|
1007
Radian Group
RDN
$4.86B
| $9.99M | 0.01% |
439,869
-21,773
| -5% | -$494K |
|
|
EXE
1008
Expand Energy Corp
EXE
$22.7B
| $9.96M | 0.01% |
+161,666
| New | +$9.06M |
|
1009
DT Midstream
DTM
$13.9B
| $9.95M | 0.01% |
+215,079
| New | +$9.41M |
|
1010
Choice Hotels
CHH
$4.66B
| $9.91M | 0.01% |
78,396
-547
| -0.7% | -$65.4K |
|
|
JBTM
1011
JBT Marel
JBTM
$6.28B
| $9.84M | 0.01% |
69,981
-96
| -0.1% | -$13.8K |
|
1012
Terreno Realty
TRNO
$7.47B
| $9.74M | 0.01% |
154,080
+1,639
| +1% | +$109K |
|
1013
Carter's
CRI
$1.45B
| $9.72M | 0.01% |
99,915
-3,402
| -3% | -$343K |
|
|
ENV
1014
DELISTED
ENVESTNET, INC.
ENV
| $9.71M | 0.01% |
121,031
+786
| +0.7% | +$60.1K |
|
1015
JetBlue
JBLU
$2.22B
| $9.71M | 0.01% |
635,113
-5,786
| -0.9% | -$88.8K |
|
|
VSXY
1016
Victoria's Secret
VSXY
$7.54B
| $9.68M | 0.01% |
+175,208
| New | +$10.6M |
|
|
FL
1017
DELISTED
Foot Locker
FL
| $9.68M | 0.01% |
211,941
-4,687
| -2% | -$260K |
|
1018
Beam Therapeutics
BEAM
$2.77B
| $9.68M | 0.01% |
111,199
+5,813
| +6% | +$584K |
|
1019
Ionis Pharmaceuticals
IONS
$9.31B
| $9.66M | 0.01% |
288,128
-32,552
| -10% | -$1.23M |
|
|
AL
1020
DELISTED
Air Lease Corp
AL
| $9.64M | 0.01% |
245,178
-2,988
| -1% | -$122K |
|
|
HR
1021
DELISTED
Healthcare Realty Trust Incorporated
HR
| $9.6M | 0.01% |
322,385
+2,778
| +0.9% | +$85.1K |
|
1022
Timken Company
TKR
$8.92B
| $9.55M | 0.01% |
146,009
-768
| -0.5% | -$57.1K |
|
1023
UMB Financial
UMBF
$11.2B
| $9.52M | 0.01% |
98,402
-622
| -0.6% | -$56.7K |
|
1024
Papa John's
PZZA
$803M
| $9.46M | 0.01% |
74,513
-31
| -0% | -$3.75K |
|
1025
Blackstone Mortgage Trust
BXMT
$2.46B
| $9.46M | 0.01% |
312,021
-5,260
| -2% | -$167K |
|
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.