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
|
+$1.15B |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$524M |
| 3 |
Microsoft
MSFT
|
+$397M |
| 4 |
JPMorgan Chase
JPM
|
+$213M |
| 5 |
Amazon
AMZN
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walmart Inc
WMT
|
+$275M |
| 2 |
Eli Lilly
LLY
|
+$159M |
| 3 |
NextEra Energy
NEE
|
+$154M |
| 4 |
Accenture
ACN
|
+$115M |
| 5 |
Cisco
CSCO
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.75% |
| 2 | Healthcare | 16.96% |
| 3 | Financials | 12.95% |
| 4 | Consumer Staples | 8.84% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Sabra Healthcare REIT
SBRA
$5.28B
| $6.82M | 0.01% |
548,739
-2,960
| -0.5% | -$37.7K |
|
1027
Blackbaud
BLKB
$2.09B
| $6.8M | 0.01% |
115,585
+2,128
| +2% | +$119K |
|
|
SUM
1028
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.79M | 0.01% |
239,141
+12,343
| +5% | +$340K |
|
|
FL
1029
DELISTED
Foot Locker
FL
| $6.75M | 0.01% |
178,593
-20,643
| -10% | -$708K |
|
1030
National Vision
EYE
$1.8B
| $6.73M | 0.01% |
173,653
-3,187
| -2% | -$119K |
|
|
LTHM
1031
DELISTED
Livent Corporation
LTHM
| $6.71M | 0.01% |
337,657
+26,681
| +9% | +$730K |
|
1032
ACI Worldwide
ACIW
$5.34B
| $6.69M | 0.01% |
290,746
-1,899
| -0.6% | -$40.9K |
|
1033
LivaNova
LIVN
$4.21B
| $6.67M | 0.01% |
120,046
+4,570
| +4% | +$233K |
|
1034
Bankunited
BKU
$3.3B
| $6.64M | 0.01% |
195,535
+3,638
| +2% | +$128K |
|
|
VSXY
1035
Victoria's Secret
VSXY
$7.95B
| $6.64M | 0.01% |
185,459
-6,510
| -3% | -$259K |
|
1036
Lucid Motors
LCID
$2.6B
| $6.63M | 0.01% |
97,023
-12,318
| -11% | -$1.36M |
|
1037
Helmerich & Payne
HP
$4.18B
| $6.61M | 0.01% |
133,393
+42,183
| +46% | +$2.01M |
|
1038
ICU Medical
ICUI
$4.56B
| $6.6M | 0.01% |
41,939
-6,081
| -13% | -$925K |
|
1039
Vontier
VNT
$4.63B
| $6.57M | 0.01% |
339,760
-31,025
| -8% | -$582K |
|
1040
Kohl's
KSS
$2.16B
| $6.54M | 0.01% |
258,965
-36,743
| -12% | -$1.04M |
|
1041
Cabot Corp
CBT
$4.46B
| $6.54M | 0.01% |
97,781
+18,580
| +23% | +$1.3M |
|
|
PPLI
1042
People Inc
PPLI
$3.03B
| $6.53M | 0.01% |
179,243
-17,189
| -9% | -$680K |
|
|
UCB
1043
United Community Banks
UCB
$4.27B
| $6.5M | 0.01% |
192,440
+19,191
| +11% | +$696K |
|
1044
Ollie's Bargain Outlet
OLLI
$4.8B
| $6.5M | 0.01% |
138,679
-6,963
| -5% | -$375K |
|
1045
CNO Financial Group
CNO
$5.12B
| $6.48M | 0.01% |
283,791
-3,523
| -1% | -$76K |
|
|
DEN
1046
DELISTED
Denbury Inc.
DEN
| $6.46M | 0.01% |
74,221
+10,191
| +16% | +$926K |
|
|
CIVI
1047
DELISTED
Civitas Resources
CIVI
| $6.43M | 0.01% |
110,972
+17,822
| +19% | +$1.15M |
|
|
PACW
1048
DELISTED
PacWest Bancorp
PACW
| $6.43M | 0.01% |
280,037
-11,642
| -4% | -$282K |
|
1049
SoFi Technologies
SOFI
$23.4B
| $6.41M | 0.01% |
1,390,860
-84,657
| -6% | -$420K |
|
1050
Douglas Emmett
DEI
$1.93B
| $6.36M | 0.01% |
405,880
-2,911
| -0.7% | -$48.5K |
|
Similar funds
California Public Employees Retirement System's Q4 2022 Portfolio in Review
As of Q4 2022, California Public Employees Retirement System held 1,231 positions worth $117B, up 7.9% from $109B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 1.9%. California Public Employees Retirement System opened 9 new positions and exited 14, leaving the 1,231-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2022 buy was State Street Financial Select Sector SPDR ETF: 15,500,000 shares worth $530M.
- California Public Employees Retirement System added most to Apple in Q4 2022, an estimated $1.15B increase.
- California Public Employees Retirement System's biggest Q4 2022 reduction was Walmart Inc, cutting an estimated $275M.
- California Public Employees Retirement System fully exited Citrix Systems Inc in Q4 2022, selling an estimated $98M.
- California Public Employees Retirement System's ten largest holdings make up 20% of its $117B portfolio in Q4 2022.
- California Public Employees Retirement System opened 9 new positions and closed 14 in Q4 2022.
- California Public Employees Retirement System's portfolio value rose 7.9% quarter-over-quarter to $117B.
Based on California Public Employees Retirement System's 13F filing for Q4 2022, filed 8 Feb 2023.