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 | |
|---|---|---|---|---|---|---|
|
OSG
2201
Octave Specialty Group
OSG
$210M
| $1.55M | ﹤0.01% |
92,600
-8,575
| -8% | -$140K |
|
2202
Scansource
SCSC
$1.06B
| $1.55M | ﹤0.01% |
51,700
-7,614
| -13% | -$221K |
|
|
NFBK
2203
DELISTED
Northfield Bancorp
NFBK
| $1.54M | ﹤0.01% |
97,000
-9,184
| -9% | -$129K |
|
|
SP
2204
DELISTED
SP Plus Corporation
SP
| $1.53M | ﹤0.01% |
46,800
-4,216
| -8% | -$136K |
|
|
FBMS
2205
DELISTED
The First Bancshares, Inc.
FBMS
| $1.53M | ﹤0.01% |
41,801
-6,398
| -13% | -$215K |
|
|
CAI
2206
DELISTED
CAI International, Inc.
CAI
| $1.53M | ﹤0.01% |
33,600
-4,997
| -13% | -$197K |
|
|
MAGN
2207
Magnera Corp
MAGN
$443M
| $1.53M | ﹤0.01% |
6,854
-631
| -8% | -$140K |
|
2208
Dillards
DDS
$9.93B
| $1.53M | ﹤0.01% |
15,800
-1,357
| -8% | -$110K |
|
2209
Carlyle Secured Lending
CGBD
$764M
| $1.52M | ﹤0.01% |
115,400
-10,684
| -8% | -$129K |
|
2210
ImmunityBio
IBRX
$8.2B
| $1.52M | ﹤0.01% |
64,100
-6,260
| -9% | -$162K |
|
|
SRDX
2211
DELISTED
Surmodics
SRDX
| $1.52M | ﹤0.01% |
27,100
-2,422
| -8% | -$121K |
|
2212
Harmonic Inc
HLIT
$1.42B
| $1.51M | ﹤0.01% |
193,000
| – | – |
|
2213
Johnson Outdoors
JOUT
$499M
| $1.51M | ﹤0.01% |
10,600
-930
| -8% | -$117K |
|
2214
Universal Electronics
UEIC
$75.8M
| $1.51M | ﹤0.01% |
27,500
-2,487
| -8% | -$144K |
|
|
PETQ
2215
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.51M | ﹤0.01% |
42,800
| – | – |
|
2216
Sportsman's Warehouse
SPWH
$46M
| $1.5M | ﹤0.01% |
87,300
-11,336
| -11% | -$197K |
|
2217
Karyopharm Therapeutics
KPTI
$45.1M
| $1.5M | ﹤0.01% |
9,533
-882
| -8% | -$186K |
|
2218
Modine Manufacturing
MOD
$10.6B
| $1.5M | ﹤0.01% |
101,800
-14,859
| -13% | -$211K |
|
|
PAYA
2219
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $1.5M | ﹤0.01% |
136,920
-12,670
| -8% | -$161K |
|
2220
AdvanSix
ASIX
$427M
| $1.5M | ﹤0.01% |
55,900
-5,274
| -9% | -$135K |
|
2221
Energy Recovery
ERII
$397M
| $1.5M | ﹤0.01% |
81,700
| – | – |
|
2222
Kopin
KOPN
$898M
| $1.5M | ﹤0.01% |
142,766
| – | – |
|
2223
Axogen
AXGN
$2.67B
| $1.5M | ﹤0.01% |
73,800
| – | – |
|
2224
United Fire Group
UFCS
$1.37B
| $1.49M | ﹤0.01% |
42,900
-3,932
| -8% | -$124K |
|
2225
Invesco Mortgage Capital
IVR
$805M
| $1.49M | ﹤0.01% |
37,147
-3,424
| -8% | -$129K |
|
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.