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 | |
|---|---|---|---|---|---|---|
1001
Douglas Emmett
DEI
$1.92B
| $7.33M | 0.01% |
408,791
+93,017
| +29% | +$1.98M |
|
1002
Zurn Elkay Water Solutions
ZWS
$8.56B
| $7.3M | 0.01% |
298,171
+59,560
| +25% | +$1.7M |
|
|
JHG
1003
DELISTED
Janus Henderson
JHG
| $7.29M | 0.01% |
359,071
+26,822
| +8% | +$648K |
|
1004
Advanced Energy
AEIS
$12.8B
| $7.28M | 0.01% |
94,099
+5,472
| +6% | +$470K |
|
|
FYBR
1005
DELISTED
Frontier Communications
FYBR
| $7.24M | 0.01% |
+309,058
| New | +$7.87M |
|
1006
Sabra Healthcare REIT
SBRA
$5.14B
| $7.24M | 0.01% |
551,699
+76,498
| +16% | +$1.13M |
|
1007
ICU Medical
ICUI
$4.54B
| $7.23M | 0.01% |
48,020
+4,783
| +11% | +$796K |
|
|
PCH
1008
DELISTED
PotlatchDeltic
PCH
| $7.21M | 0.01% |
175,714
+17,318
| +11% | +$796K |
|
1009
SoFi Technologies
SOFI
$23.3B
| $7.2M | 0.01% |
+1,475,517
| New | +$9.34M |
|
1010
PVH
PVH
$3.94B
| $7.2M | 0.01% |
160,609
+28,628
| +22% | +$1.7M |
|
1011
RingCentral
RNG
$5.33B
| $7.16M | 0.01% |
179,176
+35,898
| +25% | +$1.72M |
|
1012
Lazard
LAZ
$4.22B
| $7.12M | 0.01% |
223,561
+30,277
| +16% | +$1.09M |
|
1013
STAAR Surgical
STAA
$1.26B
| $7.08M | 0.01% |
100,366
+15,739
| +19% | +$1.35M |
|
1014
Cytokinetics
CYTK
$10.8B
| $7.07M | 0.01% |
+145,923
| New | +$7.02M |
|
1015
Sensient Technologies
SXT
$5.52B
| $7.05M | 0.01% |
101,630
+6,259
| +7% | +$505K |
|
1016
Texas Capital Bancshares
TCBI
$4.34B
| $7.04M | 0.01% |
119,201
+13,050
| +12% | +$773K |
|
|
AMED
1017
DELISTED
Amedisys
AMED
| $7.03M | 0.01% |
72,647
+8,463
| +13% | +$1.01M |
|
1018
Viavi Solutions
VIAV
$9.55B
| $7.01M | 0.01% |
537,301
+152,224
| +40% | +$2.17M |
|
1019
Tandem Diabetes Care
TNDM
$1.63B
| $6.98M | 0.01% |
145,823
+20,651
| +16% | +$1.13M |
|
1020
Zai Lab
ZLAB
$2.91B
| $6.97M | 0.01% |
203,770
+92,973
| +84% | +$3.98M |
|
1021
Affirm
AFRM
$25.5B
| $6.96M | 0.01% |
371,083
+93,627
| +34% | +$2.45M |
|
1022
iRhythm Holdings
IRTC
$4.02B
| $6.95M | 0.01% |
+55,436
| New | +$8M |
|
1023
Bank of Hawaii
BOH
$3.12B
| $6.93M | 0.01% |
91,024
+6,404
| +8% | +$504K |
|
|
HI
1024
DELISTED
Hillenbrand
HI
| $6.88M | 0.01% |
187,459
+12,096
| +7% | +$509K |
|
1025
Diodes
DIOD
$4.72B
| $6.83M | 0.01% |
105,169
+6,871
| +7% | +$497K |
|
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.