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 | |
|---|---|---|---|---|---|---|
2551
Movado Group
MOV
$796M
| $933K | ﹤0.01% |
32,800
-5,011
| -13% | -$113K |
|
2552
Precigen
PGEN
$2.32B
| $933K | ﹤0.01% |
135,400
-12,533
| -8% | -$106K |
|
|
MOFG
2553
DELISTED
MidWestOne Financial Group
MOFG
| $932K | ﹤0.01% |
30,100
-4,590
| -13% | -$130K |
|
2554
Omega Flex
OFLX
$291M
| $931K | ﹤0.01% |
5,900
-535
| -8% | -$84.1K |
|
|
EGRX
2555
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $931K | ﹤0.01% |
22,300
-2,034
| -8% | -$94.4K |
|
|
VRS
2556
DELISTED
Verso Corporation
VRS
| $929K | ﹤0.01% |
63,700
-9,033
| -12% | -$119K |
|
|
CCRN
2557
DELISTED
Cross Country Healthcare
CCRN
| $926K | ﹤0.01% |
74,100
-6,605
| -8% | -$70K |
|
|
CIO
2558
DELISTED
City Office REIT
CIO
| $925K | ﹤0.01% |
87,100
-13,205
| -13% | -$135K |
|
|
VLDR
2559
DELISTED
Velodyne Lidar, Inc. Common Stock
VLDR
| $925K | ﹤0.01% |
81,145
| – | – |
|
2560
Accuray
ARAY
$32.9M
| $923K | ﹤0.01% |
186,400
-16,031
| -8% | -$82.7K |
|
2561
Geron
GERN
$982M
| $923K | ﹤0.01% |
584,300
-53,647
| -8% | -$95.8K |
|
|
DM
2562
DELISTED
Desktop Metal, Inc.
DM
| $921K | ﹤0.01% |
6,180
| – | – |
|
|
FRTA
2563
DELISTED
Forterra, Inc
FRTA
| $914K | ﹤0.01% |
39,300
-8,723
| -18% | -$188K |
|
2564
Marcus Corp
MCS
$929M
| $912K | ﹤0.01% |
45,600
-4,137
| -8% | -$76.4K |
|
|
CPRX
2565
DELISTED
Catalyst Pharmaceutical
CPRX
| $910K | ﹤0.01% |
197,300
-27,980
| -12% | -$111K |
|
|
FREE
2566
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
| $908K | ﹤0.01% |
69,600
| – | – |
|
|
YALA
2567
Yalla Group
YALA
$823M
| $907K | ﹤0.01% |
36,277
-3,518
| -9% | -$85K |
|
2568
FreightCar America
RAIL
$243M
| $906K | ﹤0.01% |
137,405
| – | – |
|
2569
TriplePoint Venture Growth BDC
TPVG
$221M
| $905K | ﹤0.01% |
62,600
-5,833
| -9% | -$82.2K |
|
2570
Valhi
VHI
$466M
| $904K | ﹤0.01% |
44,099
-7,829
| -15% | -$145K |
|
2571
IDT Corp
IDT
$1.67B
| $900K | ﹤0.01% |
39,704
| – | – |
|
2572
Bank First Corp
BFC
$1.76B
| $899K | ﹤0.01% |
11,983
-1,955
| -14% | -$138K |
|
2573
KNOT Offshore Partners
KNOP
$366M
| $894K | ﹤0.01% |
50,200
-4,579
| -8% | -$78.3K |
|
|
RADA
2574
DELISTED
Rada Electronic Industries Ltd
RADA
| $894K | ﹤0.01% |
74,400
-6,836
| -8% | -$80.1K |
|
|
SBR
2575
Sabine Royalty Trust
SBR
$1.06B
| $891K | ﹤0.01% |
29,356
-3,419
| -10% | -$108K |
|
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.