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 |
Microsoft
MSFT
|
+$142M |
| 2 |
TE Connectivity
TEL
|
+$141M |
| 3 |
Texas Instruments
TXN
|
+$93.8M |
| 4 |
Oracle
ORCL
|
+$89.9M |
| 5 |
Apple
AAPL
|
+$89.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$332M |
| 2 |
Amazon
AMZN
|
+$318M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$300M |
| 4 |
Danaher
DHR
|
+$150M |
| 5 |
Charter Communications
CHTR
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28% |
| 2 | Healthcare | 14.95% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Ollie's Bargain Outlet
OLLI
$4.82B
| $6.78M | 0.01% |
117,060
-5,299
| -4% | -$326K |
|
1002
Avient
AVNT
$4.16B
| $6.75M | 0.01% |
164,929
-15,207
| -8% | -$596K |
|
1003
Weatherford International
WFRD
$6.62B
| $6.74M | 0.01% |
101,512
+18,924
| +23% | +$1.17M |
|
1004
Mueller Industries
MLI
$15.3B
| $6.7M | 0.01% |
307,228
+32,460
| +12% | +$617K |
|
1005
Independence Realty Trust
IRT
$3.95B
| $6.69M | 0.01% |
366,963
-41,574
| -10% | -$710K |
|
1006
Kilroy Realty
KRC
$4.33B
| $6.68M | 0.01% |
222,098
-9,964
| -4% | -$290K |
|
1007
Vornado Realty Trust
VNO
$7.23B
| $6.67M | 0.01% |
367,564
+23,027
| +7% | +$339K |
|
1008
Itron
ITRI
$4.51B
| $6.65M | 0.01% |
92,241
-8,749
| -9% | -$553K |
|
1009
Cousins Properties
CUZ
$4.84B
| $6.61M | 0.01% |
289,863
+13,954
| +5% | +$292K |
|
1010
Columbia Banking Systems
COLB
$8.83B
| $6.51M | 0.01% |
320,856
-9,249
| -3% | -$195K |
|
1011
Comfort Systems
FIX
$59.4B
| $6.49M | 0.01% |
39,534
+8,538
| +28% | +$1.27M |
|
1012
Brighthouse Financial
BHF
$3.47B
| $6.47M | 0.01% |
136,547
-16,365
| -11% | -$705K |
|
1013
Blackstone Mortgage Trust
BXMT
$2.37B
| $6.46M | 0.01% |
310,379
-15,433
| -5% | -$284K |
|
1014
Quaker Houghton
KWR
$2.93B
| $6.37M | 0.01% |
32,702
| – | – |
|
1015
Applied Industrial Technologies
AIT
$13.3B
| $6.34M | 0.01% |
43,805
+2,587
| +6% | +$345K |
|
|
LTHM
1016
DELISTED
Livent Corporation
LTHM
| $6.28M | 0.01% |
228,982
-24,023
| -9% | -$576K |
|
1017
Howard Hughes
HHH
$3.94B
| $6.24M | 0.01% |
82,912
-4,621
| -5% | -$335K |
|
|
ETRN
1018
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $6.22M | 0.01% |
650,937
| – | – |
|
1019
Clarivate
CLVT
$1.22B
| $6.21M | 0.01% |
651,298
-33,113
| -5% | -$281K |
|
1020
PENN Entertainment
PENN
$2.56B
| $6.19M | 0.01% |
257,732
-47,771
| -16% | -$1.27M |
|
1021
Yeti Holdings
YETI
$3.96B
| $6.18M | 0.01% |
158,988
+1,734
| +1% | +$67.2K |
|
1022
Synaptics
SYNA
$4.15B
| $6.15M | 0.01% |
71,990
-6,764
| -9% | -$587K |
|
1023
UMB Financial
UMBF
$11B
| $6.13M | 0.01% |
100,703
-869
| -0.9% | -$51.9K |
|
1024
Matsons
MATX
$6.27B
| $6.06M | 0.01% |
78,013
-4,060
| -5% | -$278K |
|
1025
Armstrong World Industries
AWI
$7.75B
| $6.04M | 0.01% |
82,158
-7,390
| -8% | -$503K |
|
Similar funds
California Public Employees Retirement System's Q2 2023 Portfolio in Review
As of Q2 2023, California Public Employees Retirement System held 1,218 positions worth $116B, up 3.4% from $113B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0.9%. California Public Employees Retirement System opened 3 new positions and exited 8, leaving the 1,218-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q2 2023 buy was Crane Co: 96,845 shares worth $8.63M.
- California Public Employees Retirement System added most to Microsoft in Q2 2023, an estimated $142M increase.
- California Public Employees Retirement System's biggest Q2 2023 reduction was Accenture, cutting an estimated $332M.
- California Public Employees Retirement System fully exited Dell in Q2 2023, selling an estimated $25.3M.
- California Public Employees Retirement System's ten largest holdings make up 24% of its $116B portfolio in Q2 2023.
- California Public Employees Retirement System opened 3 new positions and closed 8 in Q2 2023.
- California Public Employees Retirement System's portfolio value rose 3.4% quarter-over-quarter to $116B.
Based on California Public Employees Retirement System's 13F filing for Q2 2023, filed 9 Aug 2023.