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 | |
|---|---|---|---|---|---|---|
1176
ESAB
ESAB
$5.32B
| $3.37M | ﹤0.01% |
101,109
+18,694
| +23% | +$766K |
|
1177
Helmerich & Payne
HP
$4.18B
| $3.37M | ﹤0.01% |
+91,210
| New | +$3.84M |
|
1178
Kyndryl
KD
$2.97B
| $3.33M | ﹤0.01% |
402,697
-4,668
| -1% | -$48.5K |
|
1179
Hain Celestial
HAIN
$53.4M
| $3.3M | ﹤0.01% |
195,693
+32,634
| +20% | +$701K |
|
1180
Upstart Holdings
UPST
$2.94B
| $3.14M | ﹤0.01% |
150,999
+32,542
| +27% | +$875K |
|
|
SFBS
1181
ServisFirst Bancshares
SFBS
$4.84B
| $3.13M | ﹤0.01% |
39,181
+27,033
| +223% | +$2.28M |
|
1182
American Eagle Outfitters
AEO
$3.07B
| $3.06M | ﹤0.01% |
314,722
+34,430
| +12% | +$401K |
|
1183
Opendoor
OPEN
$3.38B
| $3.01M | ﹤0.01% |
1,000,733
+171,024
| +21% | +$785K |
|
1184
Novavax
NVAX
$1.3B
| $3M | ﹤0.01% |
165,046
+26,611
| +19% | +$1.15M |
|
1185
Procore
PCOR
$8.84B
| $2.94M | ﹤0.01% |
+59,364
| New | +$3.19M |
|
1186
Digital Turbine
APPS
$1.74B
| $2.93M | ﹤0.01% |
203,213
+60,090
| +42% | +$1.15M |
|
1187
Tilray
TLRY
$602M
| $2.85M | ﹤0.01% |
103,616
+22,149
| +27% | +$777K |
|
1188
Weibo
WB
$1.96B
| $2.7M | ﹤0.01% |
157,999
+31,962
| +25% | +$617K |
|
|
JOYY
1189
JOYY Inc
JOYY
$3.77B
| $2.61M | ﹤0.01% |
100,434
+12,871
| +15% | +$353K |
|
1190
Kratos Defense & Security Solutions
KTOS
$11.7B
| $2.54M | ﹤0.01% |
250,244
+36,213
| +17% | +$485K |
|
1191
Walker & Dunlop
WD
$1.49B
| $2.51M | ﹤0.01% |
30,002
+23,412
| +355% | +$2.39M |
|
|
HOLI
1192
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $2.36M | ﹤0.01% |
138,137
+21,798
| +19% | +$364K |
|
1193
iQIYI
IQ
$1.31B
| $1.87M | ﹤0.01% |
690,269
+116,940
| +20% | +$434K |
|
1194
Mueller Industries
MLI
$15.2B
| $1.75M | ﹤0.01% |
+117,548
| New | +$1.83M |
|
1195
Applied Industrial Technologies
AIT
$13.2B
| $1.51M | ﹤0.01% |
+14,711
| New | +$1.51M |
|
|
FINV
1196
FinVolution Group
FINV
$1.11B
| $1.48M | ﹤0.01% |
344,793
+51,027
| +17% | +$231K |
|
|
VNET
1197
VNET Group
VNET
$2.13B
| $1.46M | ﹤0.01% |
265,710
+43,482
| +20% | +$229K |
|
1198
Fabrinet
FN
$18.9B
| $1.45M | ﹤0.01% |
+15,143
| New | +$1.46M |
|
|
MOMO
1199
Hello Group
MOMO
$870M
| $1.44M | ﹤0.01% |
311,163
+34,563
| +12% | +$165K |
|
1200
Insperity
NSP
$1.96B
| $1.42M | ﹤0.01% |
+13,865
| New | +$1.49M |
|
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.