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 | |
|---|---|---|---|---|---|---|
1101
Papa John's
PZZA
$784M
| $5.29M | ﹤0.01% |
75,613
+5,156
| +7% | +$437K |
|
|
JBGS
1102
JBG SMITH
JBGS
$664M
| $5.28M | ﹤0.01% |
284,299
+50,955
| +22% | +$1.17M |
|
1103
Matsons
MATX
$6.07B
| $5.26M | ﹤0.01% |
85,520
+43,233
| +102% | +$3.32M |
|
1104
CONMED
CNMD
$1.49B
| $5.26M | ﹤0.01% |
65,582
+5,269
| +9% | +$497K |
|
1105
Wendy's
WEN
$1.4B
| $5.23M | ﹤0.01% |
280,024
| – | – |
|
|
AIMC
1106
DELISTED
Altra Industrial Motion Corp
AIMC
| $5.23M | ﹤0.01% |
155,590
+11,851
| +8% | +$453K |
|
1107
Glaukos
GKOS
$10.7B
| $5.18M | ﹤0.01% |
97,292
+9,290
| +11% | +$479K |
|
1108
CNO Financial Group
CNO
$5.09B
| $5.16M | ﹤0.01% |
287,314
+24,344
| +9% | +$451K |
|
1109
Innovative Industrial Properties
IIPR
$1.68B
| $5.14M | ﹤0.01% |
58,073
+5,126
| +10% | +$497K |
|
1110
Cabot Corp
CBT
$4.51B
| $5.06M | ﹤0.01% |
79,201
+67,578
| +581% | +$4.76M |
|
1111
Onto Innovation
ONTO
$15.2B
| $5.04M | ﹤0.01% |
78,699
+66,946
| +570% | +$4.92M |
|
1112
Nomad Foods
NOMD
$1.62B
| $5.03M | ﹤0.01% |
354,354
+26,058
| +8% | +$469K |
|
1113
Kanzhun
BZ
$7.4B
| $5.02M | ﹤0.01% |
297,451
+38,216
| +15% | +$863K |
|
|
FTCH
1114
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $5.02M | ﹤0.01% |
673,515
+168,275
| +33% | +$1.49M |
|
1115
Blackbaud
BLKB
$2.07B
| $5M | ﹤0.01% |
113,457
+8,582
| +8% | +$463K |
|
1116
NCR Voyix
VYX
$1.11B
| $4.94M | ﹤0.01% |
423,715
+39,200
| +10% | +$719K |
|
1117
JetBlue
JBLU
$2.18B
| $4.94M | ﹤0.01% |
744,822
+133,731
| +22% | +$1.09M |
|
|
SPR
1118
DELISTED
Spirit AeroSystems
SPR
| $4.92M | ﹤0.01% |
224,644
+43,962
| +24% | +$1.34M |
|
1119
Mercury Systems
MRCY
$6.45B
| $4.9M | ﹤0.01% |
120,686
+15,613
| +15% | +$818K |
|
1120
Herbalife
HLF
$1.21B
| $4.89M | ﹤0.01% |
245,630
+39,373
| +19% | +$975K |
|
1121
EXL Service
EXLS
$5.31B
| $4.88M | ﹤0.01% |
+165,670
| New | +$5.41M |
|
1122
Jackson Financial
JXN
$8.83B
| $4.86M | ﹤0.01% |
175,096
+60,511
| +53% | +$1.79M |
|
1123
Quaker Houghton
KWR
$2.99B
| $4.85M | ﹤0.01% |
33,603
+3,035
| +10% | +$498K |
|
1124
TAL Education Group
TAL
$6.78B
| $4.82M | ﹤0.01% |
975,620
+151,640
| +18% | +$752K |
|
1125
Ambarella
AMBA
$3.66B
| $4.82M | ﹤0.01% |
85,779
+15,076
| +21% | +$1.12M |
|
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.