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 | |
|---|---|---|---|---|---|---|
1026
Warner Bros
WBD
$69B
| $9.43M | 0.01% |
371,340
+1,420
| +0.4% | +$39.9K |
|
1027
TG Therapeutics
TGTX
$7.67B
| $9.41M | 0.01% |
282,818
-1,384
| -0.5% | -$42.8K |
|
1028
Avient
AVNT
$4.12B
| $9.4M | 0.01% |
202,917
-1,897
| -0.9% | -$91.1K |
|
|
MNDT
1029
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $9.33M | 0.01% |
524,298
-14,211
| -3% | -$270K |
|
|
TXNM
1030
TXNM Energy Inc
TXNM
$5.91B
| $9.31M | 0.01% |
188,244
-4,283
| -2% | -$210K |
|
1031
Spectrum Brands
SPB
$2.01B
| $9.29M | 0.01% |
97,162
-2,435
| -2% | -$207K |
|
1032
UFP Industries
UFPI
$4.98B
| $9.28M | 0.01% |
136,490
-39
| -0% | -$2.83K |
|
1033
Kemper
KMPR
$1.57B
| $9.26M | 0.01% |
138,613
-3,419
| -2% | -$232K |
|
1034
American Eagle Outfitters
AEO
$2.73B
| $9.24M | 0.01% |
358,125
-5,082
| -1% | -$162K |
|
1035
KE Holdings
BEKE
$19.1B
| $9.21M | 0.01% |
504,137
+13,381
| +3% | +$326K |
|
1036
Sprout Social
SPT
$584M
| $9.16M | 0.01% |
+75,131
| New | +$8.16M |
|
1037
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.35B
| $9.16M | 0.01% |
171,279
-1,714
| -1% | -$97.7K |
|
1038
Hilton Grand Vacations
HGV
$3.44B
| $9.09M | 0.01% |
191,152
| – | – |
|
1039
Bankunited
BKU
$3.39B
| $9.08M | 0.01% |
217,219
-3,635
| -2% | -$149K |
|
1040
The Ensign Group
ENSG
$10.6B
| $9.02M | 0.01% |
120,441
-3,875
| -3% | -$320K |
|
1041
Grand Canyon Education
LOPE
$3.7B
| $9.01M | 0.01% |
102,383
-1,055
| -1% | -$94K |
|
1042
Sonos
SONO
$1.8B
| $8.98M | 0.01% |
277,524
+4,502
| +2% | +$162K |
|
1043
Under Armour
UAA
$2.27B
| $8.98M | 0.01% |
444,890
+5,473
| +1% | +$121K |
|
1044
Nomad Foods
NOMD
$1.61B
| $8.97M | 0.01% |
325,551
-22,904
| -7% | -$622K |
|
|
OSH
1045
DELISTED
Oak Street Health, Inc.
OSH
| $8.94M | 0.01% |
210,137
-19,817
| -9% | -$1.06M |
|
1046
RLI Corp
RLI
$5.8B
| $8.94M | 0.01% |
178,232
+2,402
| +1% | +$128K |
|
1047
Adient
ADNT
$1.44B
| $8.93M | 0.01% |
215,544
-6,581
| -3% | -$262K |
|
1048
Diodes
DIOD
$4.89B
| $8.9M | 0.01% |
98,298
+404
| +0.4% | +$35.3K |
|
1049
Black Hills Corp
BKH
$5.61B
| $8.9M | 0.01% |
141,843
+1,728
| +1% | +$118K |
|
|
UNVR
1050
DELISTED
Univar Solutions Inc.
UNVR
| $8.87M | 0.01% |
372,360
-420
| -0.1% | -$9.92K |
|
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.