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 |
Walmart Inc
WMT
|
+$256M |
| 2 |
Target
TGT
|
+$134M |
| 3 |
Abbott
ABT
|
+$111M |
| 4 |
Verizon
VZ
|
+$84.9M |
| 5 |
NetEase
NTES
|
+$84.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.01B |
| 2 |
Apple
AAPL
|
+$271M |
| 3 |
Ross Stores
ROST
|
+$166M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVIDIA
NVDA
|
+$91.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.86% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.13% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2826
Citizens & Northern Corp
CZNC
$466M
| $622K | ﹤0.01% |
26,150
-3,978
| -13% | -$86.1K |
|
2827
Southern Missouri Bancorp
SMBC
$850M
| $621K | ﹤0.01% |
15,742
-2,678
| -15% | -$95.8K |
|
2828
Carter Bankshares
CARE
$757M
| $619K | ﹤0.01% |
44,315
-3,085
| -7% | -$37.4K |
|
2829
Stereotaxis
STXS
$137M
| $618K | ﹤0.01% |
92,000
| – | – |
|
2830
Forte Biosciences
FBRX
$1.57B
| $617K | ﹤0.01% |
720
-77
| -10% | -$63.1K |
|
2831
ProQR Therapeutics
PRQR
$261M
| $617K | ﹤0.01% |
93,400
| – | – |
|
2832
NN Inc
NNBR
$298M
| $616K | ﹤0.01% |
87,100
-8,265
| -9% | -$56.2K |
|
|
AMPE
2833
DELISTED
Ampio Pharmaceuticals Inc.
AMPE
| $616K | ﹤0.01% |
1,216
| – | – |
|
|
MAXN
2834
DELISTED
Maxeon Solar Technologies
MAXN
| $614K | ﹤0.01% |
195
-18
| -8% | -$68.6K |
|
|
RBNC
2835
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
| $612K | ﹤0.01% |
21,300
-1,955
| -8% | -$44.9K |
|
2836
Innodata
INOD
$2.03B
| $611K | ﹤0.01% |
96,992
| – | – |
|
|
CASA
2837
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $611K | ﹤0.01% |
64,100
-9,567
| -13% | -$80.9K |
|
|
FPI
2838
Farmland Partners
FPI
$425M
| $610K | ﹤0.01% |
54,400
-4,948
| -8% | -$56.4K |
|
2839
Gladstone Capital
GLAD
$452M
| $610K | ﹤0.01% |
30,750
-3,100
| -9% | -$59.7K |
|
2840
MeiraGTx Holdings
MGTX
$1.17B
| $609K | ﹤0.01% |
42,200
| – | – |
|
2841
Puma Biotechnology
PBYI
$450M
| $606K | ﹤0.01% |
62,300
-5,386
| -8% | -$60.1K |
|
|
GTYH
2842
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
| $606K | ﹤0.01% |
94,800
| – | – |
|
|
AMTD
2843
AMTD IDEA Group
AMTD
$72.1M
| $605K | ﹤0.01% |
14,013
-677
| -5% | -$26.4K |
|
2844
Select Water Solutions
WTTR
$2.63B
| $604K | ﹤0.01% |
121,200
-17,791
| -13% | -$103K |
|
2845
Regional Management Corp
RM
$301M
| $603K | ﹤0.01% |
17,400
-2,646
| -13% | -$86.2K |
|
2846
Primis Financial Corp
FRST
$413M
| $602K | ﹤0.01% |
41,400
-6,003
| -13% | -$82.5K |
|
2847
El Pollo Loco
LOCO
$471M
| $601K | ﹤0.01% |
37,300
-3,284
| -8% | -$62.7K |
|
|
USAP
2848
DELISTED
Universal Stainless & Alloy
USAP
| $601K | ﹤0.01% |
59,068
-6,491
| -10% | -$59.4K |
|
2849
InfuSystem Holdings
INFU
$249M
| $599K | ﹤0.01% |
29,400
-2,760
| -9% | -$51.7K |
|
2850
Alto Ingredients
ALTO
$326M
| $598K | ﹤0.01% |
110,094
-17,832
| -14% | -$118K |
|
Similar funds
California Public Employees Retirement System's Q1 2021 Portfolio in Review
As of Q1 2021, California Public Employees Retirement System held 3,578 positions worth $131B, up 1.3% from $130B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
California Public Employees Retirement System withdrew a net $4.27B in Q1 2021, closing 50 positions and reducing 2,621 holdings. Its most notable exit was Tiffany & Co., an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in BeOne Medicines Ltd worth $71.6M.
- California Public Employees Retirement System's largest Q1 2021 buy was BeOne Medicines Ltd: 205,769 shares worth $71.6M.
- California Public Employees Retirement System added most to Walmart Inc in Q1 2021, an estimated $256M increase.
- California Public Employees Retirement System's biggest Q1 2021 reduction was Alibaba, cutting an estimated $1.01B.
- California Public Employees Retirement System fully exited Tiffany & Co. in Q1 2021, selling an estimated $117M.
- California Public Employees Retirement System's ten largest holdings make up 17% of its $131B portfolio in Q1 2021.
- California Public Employees Retirement System opened 15 new positions and closed 50 in Q1 2021.
- California Public Employees Retirement System's portfolio value rose 1.3% quarter-over-quarter to $131B.
Based on California Public Employees Retirement System's 13F filing for Q1 2021, filed 14 May 2021.