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 | |
|---|---|---|---|---|---|---|
2451
National Presto Industries
NPK
$987M
| $1.06M | ﹤0.01% |
10,400
-947
| -8% | -$93.2K |
|
2452
Barrett Business Services
BBSI
$800M
| $1.06M | ﹤0.01% |
61,600
-5,688
| -8% | -$99.3K |
|
|
CUTR
2453
DELISTED
Cutera, Inc.
CUTR
| $1.06M | ﹤0.01% |
35,200
| – | – |
|
2454
Bank of Marin Bancorp
BMRC
$462M
| $1.05M | ﹤0.01% |
26,900
-2,444
| -8% | -$94.2K |
|
2455
Global Industrial
GIC
$1.49B
| $1.05M | ﹤0.01% |
25,600
-2,323
| -8% | -$91.8K |
|
2456
Immatics
IMTX
$1.31B
| $1.05M | ﹤0.01% |
93,900
-8,736
| -9% | -$99.1K |
|
2457
PDF Solutions
PDFS
$2.13B
| $1.05M | ﹤0.01% |
59,200
-6,806
| -10% | -$135K |
|
2458
Byline Bancorp
BY
$1.78B
| $1.05M | ﹤0.01% |
49,700
-7,060
| -12% | -$132K |
|
2459
Liquidity Services
LQDT
$1.35B
| $1.05M | ﹤0.01% |
56,500
-5,211
| -8% | -$94.3K |
|
2460
Tecnoglass Holdings Inc.
TGLS
$1.87B
| $1.05M | ﹤0.01% |
87,386
-4,266
| -5% | -$35.1K |
|
2461
Tidewater
TDW
$4.55B
| $1.05M | ﹤0.01% |
83,700
| – | – |
|
2462
American Public Education
APEI
$828M
| $1.05M | ﹤0.01% |
29,400
-4,409
| -13% | -$138K |
|
|
SNR
2463
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.05M | ﹤0.01% |
168,200
-25,329
| -13% | -$148K |
|
2464
Barings BDC
BBDC
$987M
| $1.04M | ﹤0.01% |
104,730
-6,601
| -6% | -$62.7K |
|
2465
CEL-SCI Corp
CVM
$26M
| $1.04M | ﹤0.01% |
2,290
-87
| -4% | -$47.5K |
|
|
GOCO
2466
DELISTED
GoHealth
GOCO
| $1.04M | ﹤0.01% |
5,960
-547
| -8% | -$110K |
|
2467
First Community Bankshares
FCBC
$933M
| $1.04M | ﹤0.01% |
34,798
-3,722
| -10% | -$94.9K |
|
2468
Mercantile Bank Corp
MBWM
$1.06B
| $1.04M | ﹤0.01% |
32,154
-2,976
| -8% | -$89.7K |
|
2469
Miller Industries
MLR
$640M
| $1.04M | ﹤0.01% |
22,600
-2,045
| -8% | -$85.7K |
|
|
CATC
2470
DELISTED
CAMBRIDGE BANCORP
CATC
| $1.04M | ﹤0.01% |
12,368
-1,747
| -12% | -$137K |
|
2471
Anterix
ATEX
$1.79B
| $1.04M | ﹤0.01% |
22,100
| – | – |
|
|
PARAA
2472
DELISTED
Paramount Global Class A
PARAA
| $1.04M | ﹤0.01% |
22,100
-2,088
| -9% | -$128K |
|
2473
MBIA
MBI
$262M
| $1.04M | ﹤0.01% |
108,100
-9,907
| -8% | -$76.7K |
|
2474
PC Connection
CNXN
$2.04B
| $1.04M | ﹤0.01% |
22,400
-2,055
| -8% | -$102K |
|
2475
Outset Medical
OM
$79.9M
| $1.04M | ﹤0.01% |
1,273
-118
| -8% | -$91K |
|
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.