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 |
Costco
COST
|
+$242M |
| 2 |
Walmart Inc
WMT
|
+$199M |
| 3 |
Amazon
AMZN
|
+$106M |
| 4 |
United Parcel Service
UPS
|
+$98.8M |
| 5 |
Netflix
NFLX
|
+$80M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TJX Companies
TJX
|
+$418M |
| 2 |
Chubb
CB
|
+$351M |
| 3 |
Coca-Cola
KO
|
+$254M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$169M |
| 5 |
Apple
AAPL
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.03% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.68% |
| 5 | Communication Services | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Flowers Foods
FLO
$1.52B
| $10.4M | 0.01% |
431,248
-42,818
| -9% | -$1.04M |
|
1002
AMN Healthcare
AMN
$1.28B
| $10.4M | 0.01% |
107,601
-9,975
| -8% | -$866K |
|
1003
NeoGenomics
NEO
$2.12B
| $10.4M | 0.01% |
230,695
-9,859
| -4% | -$437K |
|
1004
Novanta
NOVT
$6.34B
| $10.4M | 0.01% |
77,270
-5,380
| -7% | -$724K |
|
1005
Rapid7
RPD
$894M
| $10.4M | 0.01% |
110,000
-3,788
| -3% | -$319K |
|
1006
CareDx
CDNA
$2.44B
| $10.4M | 0.01% |
113,489
-14,812
| -12% | -$1.18M |
|
|
AL
1007
DELISTED
Air Lease Corp
AL
| $10.4M | 0.01% |
248,166
-5,854
| -2% | -$272K |
|
1008
Exponent
EXPO
$3.25B
| $10.3M | 0.01% |
115,908
-7,998
| -6% | -$749K |
|
|
EVBG
1009
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $10.3M | 0.01% |
75,910
+872
| +1% | +$109K |
|
1010
National Fuel Gas
NFG
$7.82B
| $10.3M | 0.01% |
197,265
-11,094
| -5% | -$575K |
|
1011
Hawaiian Electric Industries
HE
$2.05B
| $10.3M | 0.01% |
243,104
-17,192
| -7% | -$744K |
|
1012
Radian Group
RDN
$4.86B
| $10.3M | 0.01% |
461,642
-31,863
| -6% | -$745K |
|
|
AYX
1013
DELISTED
Alteryx Inc
AYX
| $10.2M | 0.01% |
118,853
+5,813
| +5% | +$476K |
|
1014
Workiva
WK
$3.76B
| $10.2M | 0.01% |
91,664
-968
| -1% | -$94K |
|
1015
United Bankshares
UBSI
$6.61B
| $10.2M | 0.01% |
279,311
-5,337
| -2% | -$210K |
|
|
SAIL
1016
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $10.2M | 0.01% |
199,354
-17,304
| -8% | -$831K |
|
|
AZEK
1017
DELISTED
The AZEK Co
AZEK
| $10.2M | 0.01% |
239,518
+18,386
| +8% | +$824K |
|
1018
UFP Industries
UFPI
$5.12B
| $10.2M | 0.01% |
136,529
-2,697
| -2% | -$213K |
|
1019
Blackstone Mortgage Trust
BXMT
$2.47B
| $10.1M | 0.01% |
317,281
-9,633
| -3% | -$310K |
|
1020
Avient
AVNT
$4.17B
| $10.1M | 0.01% |
204,814
-4,368
| -2% | -$221K |
|
1021
Wintrust Financial
WTFC
$10.9B
| $10.1M | 0.01% |
133,094
-2,789
| -2% | -$218K |
|
1022
Adient
ADNT
$1.48B
| $10M | 0.01% |
222,125
-94,718
| -30% | -$4.43M |
|
1023
Innovative Industrial Properties
IIPR
$1.67B
| $10M | 0.01% |
52,540
-3,840
| -7% | -$704K |
|
1024
H&R Block
HRB
$5.92B
| $10M | 0.01% |
426,902
-42,181
| -9% | -$999K |
|
|
JBTM
1025
JBT Marel
JBTM
$6.32B
| $9.99M | 0.01% |
70,077
-2,484
| -3% | -$347K |
|
Similar funds
California Public Employees Retirement System's Q2 2021 Portfolio in Review
As of Q2 2021, California Public Employees Retirement System held 3,530 positions worth $133B, up 1.4% from $131B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
California Public Employees Retirement System withdrew a net $7.08B in Q2 2021, closing 2,000 positions and reducing 1,260 holdings. Its most notable exit was McCormick & Company Non-Voting, an estimated $169M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in Organon & Co worth $17.3M.
- California Public Employees Retirement System's largest Q2 2021 buy was Organon & Co: 571,638 shares worth $17.3M.
- California Public Employees Retirement System added most to Costco in Q2 2021, an estimated $242M increase.
- California Public Employees Retirement System's biggest Q2 2021 reduction was TJX Companies, cutting an estimated $418M.
- California Public Employees Retirement System fully exited McCormick & Company Non-Voting in Q2 2021, selling an estimated $169M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $133B portfolio in Q2 2021.
- California Public Employees Retirement System opened 2 new positions and closed 2,000 in Q2 2021.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $133B.
Based on California Public Employees Retirement System's 13F filing for Q2 2021, filed 13 Aug 2021.