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 | |
|---|---|---|---|---|---|---|
1026
Travel + Leisure Co
TNL
$4.52B
| $6.82M | 0.01% |
199,842
+24,790
| +14% | +$1.05M |
|
|
AYX
1027
DELISTED
Alteryx Inc
AYX
| $6.77M | 0.01% |
121,162
+26,056
| +27% | +$1.53M |
|
1028
Grand Canyon Education
LOPE
$3.82B
| $6.75M | 0.01% |
82,105
+5,712
| +7% | +$495K |
|
1029
IPG Photonics
IPGP
$3.67B
| $6.71M | 0.01% |
79,583
+10,663
| +15% | +$1.01M |
|
1030
Vertiv
VRT
$107B
| $6.71M | 0.01% |
690,457
+117,886
| +21% | +$1.32M |
|
1031
Chord Energy
CHRD
$7.68B
| $6.63M | 0.01% |
+48,445
| New | +$6.21M |
|
|
DQ
1032
Daqo New Energy
DQ
$977M
| $6.6M | 0.01% |
124,293
+18,641
| +18% | +$1.19M |
|
|
PACW
1033
DELISTED
PacWest Bancorp
PACW
| $6.59M | 0.01% |
291,679
+40,237
| +16% | +$1.08M |
|
1034
Avient
AVNT
$4.19B
| $6.59M | 0.01% |
217,380
+12,805
| +6% | +$531K |
|
1035
Hilton Grand Vacations
HGV
$3.33B
| $6.57M | 0.01% |
199,722
+19,196
| +11% | +$765K |
|
1036
Bankunited
BKU
$3.33B
| $6.56M | 0.01% |
191,897
+12,973
| +7% | +$485K |
|
1037
Maravai LifeSciences
MRVI
$886M
| $6.54M | 0.01% |
256,113
+33,621
| +15% | +$844K |
|
1038
Visteon
VC
$2.83B
| $6.53M | 0.01% |
61,602
+4,662
| +8% | +$556K |
|
1039
Bloom Energy
BE
$63.2B
| $6.51M | 0.01% |
+325,727
| New | +$7.34M |
|
1040
Goodyear
GT
$1.76B
| $6.49M | 0.01% |
643,562
+350,370
| +120% | +$4.45M |
|
1041
Asbury Automotive
ABG
$3.78B
| $6.48M | 0.01% |
42,893
+23,131
| +117% | +$3.94M |
|
|
MRTX
1042
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $6.47M | 0.01% |
92,585
+18,660
| +25% | +$1.38M |
|
1043
Highwoods Properties
HIW
$3.42B
| $6.46M | 0.01% |
239,645
+31,586
| +15% | +$1.02M |
|
|
JBTM
1044
JBT Marel
JBTM
$6.3B
| $6.43M | 0.01% |
74,812
+4,949
| +7% | +$525K |
|
|
NEWR
1045
DELISTED
New Relic, Inc.
NEWR
| $6.41M | 0.01% |
111,760
+10,510
| +10% | +$630K |
|
|
SAVE
1046
DELISTED
Spirit Airlines, Inc.
SAVE
| $6.38M | 0.01% |
339,226
+174,374
| +106% | +$4.09M |
|
|
ALE
1047
DELISTED
Allete
ALE
| $6.34M | 0.01% |
126,665
+8,739
| +7% | +$520K |
|
1048
Carter's
CRI
$1.46B
| $6.32M | 0.01% |
96,410
+6,311
| +7% | +$483K |
|
1049
Sprout Social
SPT
$614M
| $6.22M | 0.01% |
102,581
+18,372
| +22% | +$1.1M |
|
1050
Varonis Systems
VRNS
$4.85B
| $6.21M | 0.01% |
234,359
+39,581
| +20% | +$1.13M |
|
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.