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 | |
|---|---|---|---|---|---|---|
1451
Copa Holdings
CPA
$6.14B
| $4.78M | ﹤0.01% |
59,130
-10,524
| -15% | -$875K |
|
1452
Shenandoah Telecom
SHEN
$721M
| $4.78M | ﹤0.01% |
97,842
-16,780
| -15% | -$768K |
|
1453
Albany International
AIN
$1.81B
| $4.77M | ﹤0.01% |
57,163
-10,769
| -16% | -$854K |
|
1454
Ubiquiti
UI
$35B
| $4.77M | ﹤0.01% |
15,993
-3,125
| -16% | -$983K |
|
|
CADE
1455
DELISTED
Cadence Bancorporation
CADE
| $4.77M | ﹤0.01% |
230,091
-55,333
| -19% | -$1.13M |
|
|
CZZ
1456
DELISTED
Cosan Limited
CZZ
| $4.77M | ﹤0.01% |
228,220
-18,103
| -7% | -$344K |
|
1457
First Financial Bancorp
FFBC
$3.6B
| $4.75M | ﹤0.01% |
197,939
-51,291
| -21% | -$1.13M |
|
1458
Green Dot
GDOT
$766M
| $4.75M | ﹤0.01% |
103,677
-15,853
| -13% | -$826K |
|
1459
Installed Building Products
IBP
$6.46B
| $4.75M | ﹤0.01% |
42,808
-8,403
| -16% | -$954K |
|
|
UCTT
1460
Ultra Clean Holdings
UCTT
$4.21B
| $4.74M | ﹤0.01% |
81,600
-7,517
| -8% | -$346K |
|
|
AVYA
1461
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $4.72M | ﹤0.01% |
168,300
-24,888
| -13% | -$666K |
|
1462
RLJ Lodging Trust
RLJ
$1.66B
| $4.72M | ﹤0.01% |
304,669
-55,777
| -15% | -$834K |
|
1463
Telephone and Data Systems
TDS
$4.03B
| $4.71M | ﹤0.01% |
205,300
-47,153
| -19% | -$963K |
|
1464
AppFolio
APPF
$6.97B
| $4.71M | ﹤0.01% |
33,312
-5,206
| -14% | -$808K |
|
1465
Champion Homes
SKY
$5.1B
| $4.7M | ﹤0.01% |
103,866
-9,861
| -9% | -$396K |
|
1466
Penske Automotive Group
PAG
$14.3B
| $4.68M | ﹤0.01% |
58,316
-15,351
| -21% | -$1.07M |
|
1467
Federal Signal
FSS
$7.71B
| $4.66M | ﹤0.01% |
121,591
-20,559
| -14% | -$743K |
|
|
B
1468
DELISTED
Barnes Group Inc.
B
| $4.66M | ﹤0.01% |
93,965
-17,973
| -16% | -$943K |
|
1469
Kontoor Brands
KTB
$4.51B
| $4.65M | ﹤0.01% |
95,897
-16,775
| -15% | -$749K |
|
1470
Sally Beauty Holdings
SBH
$1.55B
| $4.64M | ﹤0.01% |
230,600
-36,946
| -14% | -$618K |
|
|
NSA
1471
DELISTED
National Storage Affiliates Trust
NSA
| $4.64M | ﹤0.01% |
116,097
-22,157
| -16% | -$843K |
|
|
WWE
1472
DELISTED
World Wrestling Entertainment
WWE
| $4.63M | ﹤0.01% |
85,235
-16,415
| -16% | -$863K |
|
|
CALY
1473
Callaway Golf Company
CALY
$2.95B
| $4.62M | ﹤0.01% |
172,847
-29,805
| -15% | -$843K |
|
|
SJI
1474
DELISTED
South Jersey Industries, Inc.
SJI
| $4.62M | ﹤0.01% |
204,544
-32,824
| -14% | -$777K |
|
|
VNE
1475
DELISTED
Veoneer, Inc.
VNE
| $4.62M | ﹤0.01% |
188,592
-32,784
| -15% | -$856K |
|
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.