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 |
Bristol-Myers Squibb
BMY
|
+$293M |
| 2 |
AbbVie
ABBV
|
+$215M |
| 3 |
IBM
IBM
|
+$102M |
| 4 |
Progressive
PGR
|
+$92.4M |
| 5 |
Conagra Brands
CAG
|
+$83.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.19B |
| 3 |
Apple
AAPL
|
+$354M |
| 4 |
Microsoft
MSFT
|
+$316M |
| 5 |
Ecolab
ECL
|
+$268M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.72% |
| 2 | Healthcare | 15.07% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.05% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Diodes
DIOD
$4.75B
| $8.55M | 0.01% |
98,298
| – | – |
|
1002
IPG Photonics
IPGP
$3.65B
| $8.52M | 0.01% |
77,614
+940
| +1% | +$129K |
|
1003
Grand Canyon Education
LOPE
$3.76B
| $8.52M | 0.01% |
87,699
-7,755
| -8% | -$680K |
|
1004
Adient
ADNT
$1.48B
| $8.39M | 0.01% |
205,845
-8,309
| -4% | -$357K |
|
1005
Community Bank
CBU
$3.41B
| $8.38M | 0.01% |
119,449
+880
| +0.7% | +$64K |
|
|
SAIL
1006
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $8.37M | 0.01% |
163,465
-18,420
| -10% | -$788K |
|
1007
Kornit Digital
KRNT
$815M
| $8.36M | 0.01% |
101,107
+914
| +0.9% | +$88.2K |
|
|
VSXY
1008
Victoria's Secret
VSXY
$7.48B
| $8.32M | 0.01% |
162,057
+1,030
| +0.6% | +$56K |
|
|
PCH
1009
DELISTED
PotlatchDeltic
PCH
| $8.32M | 0.01% |
157,750
| – | – |
|
1010
QuidelOrtho
QDEL
$959M
| $8.31M | 0.01% |
73,920
-3,609
| -5% | -$385K |
|
|
HPP
1011
Hudson Pacific Properties
HPP
$724M
| $8.31M | 0.01% |
42,780
-4,789
| -10% | -$861K |
|
1012
Vontier
VNT
$4.61B
| $8.31M | 0.01% |
327,125
-26,067
| -7% | -$689K |
|
|
JBTM
1013
JBT Marel
JBTM
$6.32B
| $8.28M | 0.01% |
69,863
+116
| +0.2% | +$14.8K |
|
1014
Radian Group
RDN
$4.86B
| $8.27M | 0.01% |
372,193
-23,026
| -6% | -$530K |
|
1015
Timken Company
TKR
$8.91B
| $8.26M | 0.01% |
136,003
| – | – |
|
1016
Bankunited
BKU
$3.35B
| $8.25M | 0.01% |
187,571
-9,457
| -5% | -$410K |
|
1017
First Hawaiian
FHB
$3.34B
| $8.19M | 0.01% |
293,718
| – | – |
|
1018
Spire
SR
$4.87B
| $8.18M | 0.01% |
114,051
+291
| +0.3% | +$19.3K |
|
1019
Strategy Inc
MSTR
$37.8B
| $8.17M | 0.01% |
167,940
-22,630
| -12% | -$980K |
|
1020
Alkermes
ALKS
$8.26B
| $8.08M | 0.01% |
307,008
+2,026
| +0.7% | +$50.2K |
|
|
UMPQ
1021
DELISTED
Umpqua Holdings Corp
UMPQ
| $8.06M | 0.01% |
427,191
-36,941
| -8% | -$757K |
|
1022
Spectrum Brands
SPB
$2.02B
| $8.04M | 0.01% |
90,611
+595
| +0.7% | +$54.7K |
|
|
TXNM
1023
TXNM Energy Inc
TXNM
$5.91B
| $8.02M | 0.01% |
168,314
-9,240
| -5% | -$420K |
|
1024
STAAR Surgical
STAA
$1.24B
| $8.01M | 0.01% |
100,219
-4,956
| -5% | -$369K |
|
1025
Sensient Technologies
SXT
$5.61B
| $8.01M | 0.01% |
95,371
+394
| +0.4% | +$33.2K |
|
Similar funds
California Public Employees Retirement System's Q1 2022 Portfolio in Review
As of Q1 2022, California Public Employees Retirement System held 1,285 positions worth $129B, down 14% from $149B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
California Public Employees Retirement System withdrew a net $13.5B in Q1 2022, closing 58 positions and reducing 994 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $3.7B position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in Constellation Energy worth $37.2M.
- California Public Employees Retirement System's largest Q1 2022 buy was Constellation Energy: 661,906 shares worth $37.2M.
- California Public Employees Retirement System added most to Bristol-Myers Squibb in Q1 2022, an estimated $293M increase.
- California Public Employees Retirement System's biggest Q1 2022 reduction was Apple, cutting an estimated $354M.
- California Public Employees Retirement System fully exited Vanguard S&P 500 ETF in Q1 2022, selling an estimated $3.7B.
- California Public Employees Retirement System's ten largest holdings make up 21% of its $129B portfolio in Q1 2022.
- California Public Employees Retirement System opened 48 new positions and closed 58 in Q1 2022.
- California Public Employees Retirement System's portfolio value fell 14% quarter-over-quarter to $129B.
Based on California Public Employees Retirement System's 13F filing for Q1 2022, filed 4 May 2022.