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 | |
|---|---|---|---|---|---|---|
2576
Black Diamond Therapeutics
BDTX
$116M
| $890K | ﹤0.01% |
36,700
-3,407
| -8% | -$91.9K |
|
|
ICAD
2577
DELISTED
iCAD Inc
ICAD
| $887K | ﹤0.01% |
41,800
| – | – |
|
2578
Passage Bio
PASG
$14.7M
| $887K | ﹤0.01% |
2,537
-234
| -8% | -$99.9K |
|
2579
Business First Bancshares
BFST
$1.05B
| $885K | ﹤0.01% |
37,003
-5,944
| -14% | -$132K |
|
2580
Republic Bancorp
RBCAA
$1.92B
| $881K | ﹤0.01% |
19,900
-1,792
| -8% | -$74.2K |
|
2581
Bar Harbor Bankshares
BHB
$681M
| $879K | ﹤0.01% |
29,873
-5,978
| -17% | -$156K |
|
2582
Five Point Holdings
FPH
$372M
| $879K | ﹤0.01% |
116,287
-15,390
| -12% | -$103K |
|
|
GAN
2583
DELISTED
GAN Ltd
GAN
| $878K | ﹤0.01% |
48,264
-4,528
| -9% | -$115K |
|
2584
Alerus Financial
ALRS
$844M
| $877K | ﹤0.01% |
29,456
-2,845
| -9% | -$82.9K |
|
2585
Hooker Furnishings Corp
HOFT
$158M
| $875K | ﹤0.01% |
24,000
-3,612
| -13% | -$124K |
|
|
GNOG
2586
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $873K | ﹤0.01% |
64,700
| – | – |
|
2587
Greif Class B
GEF.B
$4.22B
| $872K | ﹤0.01% |
15,234
-2,283
| -13% | -$120K |
|
2588
Willdan Group
WLDN
$1.29B
| $870K | ﹤0.01% |
21,200
-1,906
| -8% | -$87.7K |
|
2589
Arrow Financial
AROW
$723M
| $868K | ﹤0.01% |
28,473
-4,451
| -14% | -$131K |
|
|
ACRE
2590
Ares Commercial Real Estate
ACRE
$264M
| $867K | ﹤0.01% |
63,200
-6,157
| -9% | -$80.5K |
|
2591
American Superconductor
AMSC
$1.53B
| $866K | ﹤0.01% |
45,700
-6,628
| -13% | -$164K |
|
2592
Hovnanian Enterprises
HOV
$799M
| $864K | ﹤0.01% |
8,171
| – | – |
|
2593
IES Holdings
IESC
$14.9B
| $862K | ﹤0.01% |
17,100
-1,508
| -8% | -$72.5K |
|
2594
Motorcar Parts of America
MPAA
$235M
| $862K | ﹤0.01% |
38,300
-3,517
| -8% | -$77.4K |
|
2595
Astronics
ATRO
$4.57B
| $861K | ﹤0.01% |
57,240
-8,888
| -13% | -$115K |
|
|
GDEN
2596
DELISTED
Golden Entertainment
GDEN
| $861K | ﹤0.01% |
34,100
-3,129
| -8% | -$70.3K |
|
2597
Amerant Bancorp
AMTB
$1.14B
| $860K | ﹤0.01% |
46,300
-4,403
| -9% | -$73.5K |
|
|
EGIO
2598
DELISTED
Edgio, Inc. Common Stock
EGIO
| $860K | ﹤0.01% |
6,023
-566
| -9% | -$88.4K |
|
2599
Verastem
VSTM
$604M
| $857K | ﹤0.01% |
28,908
| – | – |
|
|
DX
2600
Dynex Capital
DX
$3.23B
| $856K | ﹤0.01% |
45,200
-6,661
| -13% | -$123K |
|
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.