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 |
Microsoft
MSFT
|
+$549M |
| 2 |
Apple
AAPL
|
+$498M |
| 3 |
Amazon
AMZN
|
+$407M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$260M |
| 5 |
Meta Platforms (Facebook)
META
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$145M |
| 3 |
Becton Dickinson
BDX
|
+$103M |
| 4 |
HCA Healthcare
HCA
|
+$90.9M |
| 5 |
Pfizer
PFE
|
+$88.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.83% |
| 2 | Financials | 15.17% |
| 3 | Healthcare | 12.39% |
| 4 | Consumer Discretionary | 9.79% |
| 5 | Consumer Staples | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FINV
2476
FinVolution Group
FINV
$1.05B
| $638K | ﹤0.01% |
+220,123
| New | +$843K |
|
|
RST
2477
DELISTED
ROSETTA STONE INC
RST
| $630K | ﹤0.01% |
36,204
+4,882
| +16% | +$98.4K |
|
2478
Northeast Bank
NBN
$1.15B
| $629K | ﹤0.01% |
28,358
+1,600
| +6% | +$34.1K |
|
2479
Franklin Covey
FC
$238M
| $625K | ﹤0.01% |
17,865
+11,044
| +162% | +$398K |
|
2480
MarineMax
HZO
$1.15B
| $624K | ﹤0.01% |
40,306
+6,059
| +18% | +$92.6K |
|
|
PFNX
2481
DELISTED
Pfenex Inc.
PFNX
| $624K | ﹤0.01% |
73,900
+8,900
| +14% | +$64.5K |
|
|
HSKA
2482
DELISTED
Heska Corp
HSKA
| $621K | ﹤0.01% |
8,761
+1,863
| +27% | +$140K |
|
|
ATAXZ
2483
DELISTED
AMERICA FIRST TAX EXEMT INV LP
ATAXZ
| $618K | ﹤0.01% |
75,518
+58,081
| +333% | +$475K |
|
|
XOG
2484
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $614K | ﹤0.01% |
209,006
+5,317
| +3% | +$20.1K |
|
2485
Bristow Group
VTOL
$1.37B
| $612K | ﹤0.01% |
29,000
+1,600
| +6% | +$30.9K |
|
2486
TG Therapeutics
TGTX
$7.66B
| $611K | ﹤0.01% |
108,800
+20,300
| +23% | +$142K |
|
2487
Myers Industries
MYE
$1.22B
| $610K | ﹤0.01% |
34,545
+6,178
| +22% | +$106K |
|
2488
Anterix
ATEX
$1.81B
| $609K | ﹤0.01% |
16,816
-3,595
| -18% | -$152K |
|
|
SMTA
2489
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $608K | ﹤0.01% |
72,030
-5,425
| -7% | -$45.9K |
|
2490
Bridgford Foods
BRID
$57.7M
| $607K | ﹤0.01% |
20,127
+1,455
| +8% | +$50.4K |
|
2491
Cohu
COHU
$2.45B
| $607K | ﹤0.01% |
44,929
+6,909
| +18% | +$95.9K |
|
|
CNSL
2492
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $607K | ﹤0.01% |
127,443
+13,406
| +12% | +$63.3K |
|
2493
Quad
QUAD
$510M
| $605K | ﹤0.01% |
57,602
+7,508
| +15% | +$70.2K |
|
|
AXDX
2494
DELISTED
Accelerate Diagnostics
AXDX
| $604K | ﹤0.01% |
3,250
+650
| +25% | +$126K |
|
2495
Evolution Petroleum
EPM
$135M
| $600K | ﹤0.01% |
102,780
+4,038
| +4% | +$24.7K |
|
2496
NWPX Infrastructure Inc
NWPX
$1.09B
| $600K | ﹤0.01% |
21,300
+1,200
| +6% | +$30.5K |
|
|
FFG
2497
DELISTED
FBL Financial Group
FFG
| $598K | ﹤0.01% |
10,054
+1,700
| +20% | +$101K |
|
2498
Natural Resource Partners
NRP
$1.37B
| $597K | ﹤0.01% |
23,539
+1,200
| +5% | +$35.2K |
|
2499
Atlanta Braves Holdings Series A
BATRA
$3.48B
| $596K | ﹤0.01% |
21,406
+2,778
| +15% | +$78.5K |
|
2500
Fidus Investment
FDUS
$752M
| $593K | ﹤0.01% |
40,000
+4,900
| +14% | +$75.3K |
|
Similar funds
California Public Employees Retirement System's Q3 2019 Portfolio in Review
As of Q3 2019, California Public Employees Retirement System held 3,348 positions worth $101B, up 19% from $84.7B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $14.5B of net new capital in Q3 2019, opening 84 new positions and adding to 2,655 existing holdings. Its largest new stake was Creative Media & Community Trust: 141 shares worth $53.7M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Becton Dickinson, an estimated $103M trimmed.
- California Public Employees Retirement System's largest Q3 2019 buy was Creative Media & Community Trust: 141 shares worth $53.7M.
- California Public Employees Retirement System added most to Microsoft in Q3 2019, an estimated $549M increase.
- California Public Employees Retirement System's biggest Q3 2019 reduction was Becton Dickinson, cutting an estimated $103M.
- California Public Employees Retirement System fully exited Total System Services, Inc. in Q3 2019, selling an estimated $156M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $101B portfolio in Q3 2019.
- California Public Employees Retirement System opened 84 new positions and closed 88 in Q3 2019.
- California Public Employees Retirement System's portfolio value rose 19% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q3 2019, filed 31 Oct 2019.