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 |
Vanguard S&P 500 ETF
VOO
|
+$3.58B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.08B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$485M |
| 4 |
Cisco
CSCO
|
+$363M |
| 5 |
O'Reilly Automotive
ORLY
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$233M |
| 2 |
Medtronic
MDT
|
+$215M |
| 3 |
Apple
AAPL
|
+$195M |
| 4 |
American Tower
AMT
|
+$174M |
| 5 |
L3Harris
LHX
|
+$163M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.92% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VSXY
1026
Victoria's Secret
VSXY
$7.95B
| $8.94M | 0.01% |
161,027
-14,181
| -8% | -$739K |
|
1027
New Jersey Resources
NJR
$5.45B
| $8.94M | 0.01% |
217,618
+1,096
| +0.5% | +$42.4K |
|
|
UMPQ
1028
DELISTED
Umpqua Holdings Corp
UMPQ
| $8.93M | 0.01% |
464,132
-34,774
| -7% | -$702K |
|
1029
CONMED
CNMD
$1.48B
| $8.92M | 0.01% |
62,923
-1,411
| -2% | -$200K |
|
1030
Alarm.com
ALRM
$2.77B
| $8.88M | 0.01% |
104,764
| – | – |
|
|
CHX
1031
DELISTED
ChampionX
CHX
| $8.88M | 0.01% |
439,253
-9,880
| -2% | -$232K |
|
1032
Avnet
AVT
$7.99B
| $8.87M | 0.01% |
215,170
-14,651
| -6% | -$566K |
|
1033
Community Bank
CBU
$3.37B
| $8.83M | 0.01% |
118,569
-568
| -0.5% | -$41.4K |
|
|
SAIL
1034
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $8.79M | 0.01% |
181,885
-18,873
| -9% | -$925K |
|
1035
Q2 Holdings
QTWO
$3.96B
| $8.73M | 0.01% |
109,871
| – | – |
|
1036
MSC Industrial Direct
MSM
$6.87B
| $8.67M | 0.01% |
103,112
-880
| -0.8% | -$73.6K |
|
1037
Ionis Pharmaceuticals
IONS
$9.46B
| $8.65M | 0.01% |
284,424
-3,704
| -1% | -$117K |
|
1038
Blackbaud
BLKB
$2.09B
| $8.65M | 0.01% |
109,501
| – | – |
|
|
NSA
1039
DELISTED
National Storage Affiliates Trust
NSA
| $8.62M | 0.01% |
124,518
+23,792
| +24% | +$1.47M |
|
1040
Wendy's
WEN
$1.39B
| $8.61M | 0.01% |
361,009
-39,182
| -10% | -$871K |
|
1041
LCI Industries
LCII
$2.55B
| $8.57M | 0.01% |
54,992
-62
| -0.1% | -$9.22K |
|
1042
ACI Worldwide
ACIW
$5.34B
| $8.55M | 0.01% |
246,323
-19,858
| -7% | -$637K |
|
1043
TriNet
TNET
$3.09B
| $8.54M | 0.01% |
89,646
-3,026
| -3% | -$302K |
|
1044
National Vision
EYE
$1.8B
| $8.49M | 0.01% |
176,819
-4,111
| -2% | -$220K |
|
|
FL
1045
DELISTED
Foot Locker
FL
| $8.48M | 0.01% |
194,378
-17,563
| -8% | -$834K |
|
1046
Viavi Solutions
VIAV
$9.18B
| $8.45M | 0.01% |
479,380
-34,824
| -7% | -$552K |
|
|
LSXMA
1047
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $8.42M | 0.01% |
225,443
-13,494
| -6% | -$498K |
|
|
MNDT
1048
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $8.42M | 0.01% |
480,004
-44,294
| -8% | -$778K |
|
|
SPR
1049
DELISTED
Spirit AeroSystems
SPR
| $8.41M | 0.01% |
195,174
-37,581
| -16% | -$1.61M |
|
1050
Radian Group
RDN
$4.87B
| $8.35M | 0.01% |
395,219
-44,650
| -10% | -$989K |
|
Similar funds
California Public Employees Retirement System's Q4 2021 Portfolio in Review
As of Q4 2021, California Public Employees Retirement System held 1,249 positions worth $149B, up 12% from $134B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Trading was light in Q4 2021: portfolio turnover was 1.8%. California Public Employees Retirement System opened 10 new positions and exited 12, leaving the 1,249-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2021 buy was Vanguard S&P 500 ETF: 8,480,000 shares worth $3.7B.
- California Public Employees Retirement System added most to Berkshire Hathaway Class B in Q4 2021, an estimated $485M increase.
- California Public Employees Retirement System's biggest Q4 2021 reduction was Coca-Cola, cutting an estimated $233M.
- California Public Employees Retirement System fully exited NetEase in Q4 2021, selling an estimated $95.5M.
- California Public Employees Retirement System's ten largest holdings make up 22% of its $149B portfolio in Q4 2021.
- California Public Employees Retirement System opened 10 new positions and closed 12 in Q4 2021.
- California Public Employees Retirement System's portfolio value rose 12% quarter-over-quarter to $149B.
Based on California Public Employees Retirement System's 13F filing for Q4 2021, filed 10 Feb 2022.