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 | 22.03% |
| 2 | Healthcare | 14.43% |
| 3 | Financials | 13.13% |
| 4 | Consumer Discretionary | 11.14% |
| 5 | Communication Services | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FIRY
1826
Firy Inc
FIRY
$148M
| $2.7M | ﹤0.01% |
7,080
| – | – |
|
1827
US Physical Therapy
USPH
$1.18B
| $2.7M | ﹤0.01% |
25,900
-2,947
| -10% | -$366K |
|
1828
Codexis
CDXS
$169M
| $2.69M | ﹤0.01% |
117,700
| – | – |
|
|
OPI
1829
DELISTED
Office Properties Income Trust
OPI
| $2.69M | ﹤0.01% |
97,800
-14,364
| -13% | -$372K |
|
|
SILK
1830
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $2.69M | ﹤0.01% |
53,031
-5,126
| -9% | -$285K |
|
|
ECOL
1831
DELISTED
US Ecology, Inc.
ECOL
| $2.67M | ﹤0.01% |
64,200
-5,887
| -8% | -$229K |
|
1832
Patterson-UTI
PTEN
$4.33B
| $2.67M | ﹤0.01% |
374,000
-55,034
| -13% | -$388K |
|
1833
AZZ Inc
AZZ
$4.52B
| $2.66M | ﹤0.01% |
52,900
-6,133
| -10% | -$310K |
|
|
FOCS
1834
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $2.66M | ﹤0.01% |
64,000
-5,781
| -8% | -$280K |
|
1835
Sixth Street Specialty
TSLX
$1.79B
| $2.66M | ﹤0.01% |
126,569
-13,400
| -10% | -$288K |
|
1836
ADT
ADT
$5.48B
| $2.65M | ﹤0.01% |
314,089
-29,040
| -8% | -$251K |
|
1837
Fulgent Genetics
FLGT
$512M
| $2.65M | ﹤0.01% |
27,397
-3,249
| -11% | -$335K |
|
1838
S&T Bancorp
STBA
$1.81B
| $2.65M | ﹤0.01% |
79,000
-7,100
| -8% | -$211K |
|
1839
Black Stone Minerals
BSM
$3.08B
| $2.65M | ﹤0.01% |
303,473
-53,098
| -15% | -$472K |
|
1840
Lennar Class B
LEN.B
$20.5B
| $2.64M | ﹤0.01% |
33,769
-6,051
| -15% | -$403K |
|
1841
First Busey Corp
BUSE
$2.58B
| $2.64M | ﹤0.01% |
102,900
-17,596
| -15% | -$415K |
|
|
TUP
1842
DELISTED
Tupperware Brands Corporation
TUP
| $2.64M | ﹤0.01% |
99,900
-15,581
| -13% | -$485K |
|
1843
Pilgrim's Pride
PPC
$6.59B
| $2.64M | ﹤0.01% |
110,800
-9,644
| -8% | -$214K |
|
1844
Sinclair Inc
SBGI
$1.05B
| $2.63M | ﹤0.01% |
89,800
-14,374
| -14% | -$478K |
|
1845
City Holding Co
CHCO
$2.08B
| $2.63M | ﹤0.01% |
32,100
-2,839
| -8% | -$216K |
|
1846
Supernus Pharmaceuticals
SUPN
$2.77B
| $2.61M | ﹤0.01% |
99,700
-14,714
| -13% | -$412K |
|
|
CVGW
1847
DELISTED
Calavo Growers
CVGW
| $2.61M | ﹤0.01% |
33,600
-3,077
| -8% | -$236K |
|
1848
BJ's Restaurants
BJRI
$1.42B
| $2.61M | ﹤0.01% |
44,900
-4,127
| -8% | -$216K |
|
1849
Core Laboratories
CLB
$584M
| $2.61M | ﹤0.01% |
90,600
-8,372
| -8% | -$286K |
|
|
SHYF
1850
DELISTED
The Shyft Group
SHYF
| $2.61M | ﹤0.01% |
70,100
-8,496
| -11% | -$285K |
|
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.