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 | |
|---|---|---|---|---|---|---|
|
EV
801
DELISTED
Eaton Vance Corp.
EV
| $11.2M | 0.01% |
248,318
+64,300
| +35% | +$2.78M |
|
802
Knight Transportation
KNX
$11.2B
| $11.1M | 0.01% |
307,067
+82,336
| +37% | +$2.86M |
|
803
Southwest Gas
SWX
$6.56B
| $11.1M | 0.01% |
122,309
+38,782
| +46% | +$3.49M |
|
804
Park Hotels & Resorts
PK
$2.92B
| $11.1M | 0.01% |
445,173
+115,653
| +35% | +$2.94M |
|
805
PG&E
PCG
$37.5B
| $11.1M | 0.01% |
1,111,113
+317,062
| +40% | +$4.8M |
|
806
Saic
SAIC
$5.3B
| $11.1M | 0.01% |
126,711
+3,314
| +3% | +$282K |
|
807
Essent Group
ESNT
$6.23B
| $11M | 0.01% |
231,584
+75,213
| +48% | +$3.6M |
|
|
SVC
808
Service Properties Trust
SVC
$1.05B
| $11M | 0.01% |
85,597
+9,733
| +13% | +$1.2M |
|
809
Macerich
MAC
$6.9B
| $11M | 0.01% |
348,391
-57,375
| -14% | -$1.81M |
|
810
Portland General Electric
POR
$5.66B
| $11M | 0.01% |
195,053
+57,731
| +42% | +$3.21M |
|
811
Affiliated Managers Group
AMG
$9.6B
| $11M | 0.01% |
131,905
+11,959
| +10% | +$999K |
|
812
MongoDB
MDB
$33.5B
| $11M | 0.01% |
91,158
+52,981
| +139% | +$7.65M |
|
813
First Solar
FSLR
$25.7B
| $11M | 0.01% |
189,218
+38,618
| +26% | +$2.47M |
|
814
Crane NXT
CXT
$2.96B
| $11M | 0.01% |
391,809
+53,999
| +16% | +$1.51M |
|
815
Webster Financial
WBS
$12.8B
| $10.9M | 0.01% |
233,217
+77,297
| +50% | +$3.65M |
|
|
FL
816
DELISTED
Foot Locker
FL
| $10.9M | 0.01% |
252,683
+34,388
| +16% | +$1.38M |
|
817
First Financial Bankshares
FFIN
$4.93B
| $10.9M | 0.01% |
326,937
+82,835
| +34% | +$2.61M |
|
818
Rexford Industrial Realty
REXR
$8.13B
| $10.9M | 0.01% |
247,160
+140,914
| +133% | +$6.02M |
|
819
Kirby Corp
KEX
$7B
| $10.9M | 0.01% |
132,185
+30,910
| +31% | +$2.37M |
|
820
Black Hills Corp
BKH
$5.62B
| $10.9M | 0.01% |
141,518
+46,429
| +49% | +$3.61M |
|
821
Cullen/Frost Bankers
CFR
$10.3B
| $10.8M | 0.01% |
122,384
+30,849
| +34% | +$2.73M |
|
|
IBKC
822
DELISTED
IBERIABANK Corp
IBKC
| $10.8M | 0.01% |
143,405
+35,464
| +33% | +$2.62M |
|
823
Dolby
DLB
$5.82B
| $10.8M | 0.01% |
167,245
+38,671
| +30% | +$2.43M |
|
|
VSM
824
DELISTED
Versum Materials, Inc.
VSM
| $10.8M | 0.01% |
203,423
+52,022
| +34% | +$2.71M |
|
825
Madison Square Garden
MSGS
$9.43B
| $10.7M | 0.01% |
56,875
+11,240
| +25% | +$2.2M |
|
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.