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 | |
|---|---|---|---|---|---|---|
2651
Friedman Industries
FRD
$314M
| $404K | ﹤0.01% |
62,299
| – | – |
|
|
DS
2652
DELISTED
Drive Shack Inc.
DS
| $404K | ﹤0.01% |
93,799
+5,100
| +6% | +$24K |
|
|
CDR
2653
DELISTED
Cedar Realty Trust, Inc
CDR
| $404K | ﹤0.01% |
20,427
+410
| +2% | +$6.93K |
|
2654
BioCryst Pharmaceuticals
BCRX
$2.51B
| $402K | ﹤0.01% |
140,314
+20,693
| +17% | +$64.4K |
|
2655
AMC Entertainment Holdings
AMC
$2.16B
| $400K | ﹤0.01% |
3,739
+900
| +32% | +$97.9K |
|
|
RUBY
2656
DELISTED
Rubius Therapeutics, Inc
RUBY
| $400K | ﹤0.01% |
51,000
+9,000
| +21% | +$105K |
|
2657
Transact Technologies
TACT
$57.6M
| $399K | ﹤0.01% |
32,752
| – | – |
|
2658
Kopin
KOPN
$780M
| $398K | ﹤0.01% |
586,300
+32,100
| +6% | +$32K |
|
2659
Greenlight Captial
GLRE
$501M
| $397K | ﹤0.01% |
37,840
+5,957
| +19% | +$56.1K |
|
2660
Nicolet Bankshares
NIC
$3.63B
| $397K | ﹤0.01% |
+5,968
| New | +$385K |
|
2661
GSI Technology
GSIT
$255M
| $394K | ﹤0.01% |
45,010
| – | – |
|
|
RLH
2662
DELISTED
Red Lions Hotel Corporation
RLH
| $394K | ﹤0.01% |
60,800
| – | – |
|
2663
PennyMac Financial
PFSI
$3.94B
| $392K | ﹤0.01% |
12,901
+1,863
| +17% | +$50.3K |
|
|
MOBL
2664
DELISTED
MobileIron, Inc.
MOBL
| $391K | ﹤0.01% |
59,682
+19,635
| +49% | +$134K |
|
2665
Natural Gas Services Group
NGS
$476M
| $390K | ﹤0.01% |
30,464
| – | – |
|
2666
Talos Energy
TALO
$2.6B
| $390K | ﹤0.01% |
19,169
+3,670
| +24% | +$79.6K |
|
2667
BlueLinx
BXC
$719M
| $389K | ﹤0.01% |
12,040
+1,500
| +14% | +$37.9K |
|
2668
Aquestive Therapeutics
AQST
$538M
| $384K | ﹤0.01% |
120,900
+6,600
| +6% | +$24.7K |
|
2669
Weis Markets
WMK
$1.78B
| $384K | ﹤0.01% |
+10,061
| New | +$383K |
|
|
BGG
2670
DELISTED
Briggs & Stratton Corp.
BGG
| $384K | ﹤0.01% |
63,435
-16,648
| -21% | -$123K |
|
|
ESXB
2671
DELISTED
Community Bankers Trust Corporation
ESXB
| $382K | ﹤0.01% |
44,449
| – | – |
|
|
HSII
2672
DELISTED
Heidrick & Struggles
HSII
| $380K | ﹤0.01% |
13,917
+5,046
| +57% | +$142K |
|
2673
Saga Communications
SGA
$61.4M
| $378K | ﹤0.01% |
12,700
| – | – |
|
2674
RGC Resources
RGCO
$225M
| $377K | ﹤0.01% |
12,900
| – | – |
|
|
GDEN
2675
DELISTED
Golden Entertainment
GDEN
| $376K | ﹤0.01% |
28,307
+3,157
| +13% | +$44K |
|
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.