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 | |
|---|---|---|---|---|---|---|
|
WRI
1026
DELISTED
Weingarten Realty Investors
WRI
| $7.36M | 0.01% |
252,767
+31,791
| +14% | +$878K |
|
|
P
1027
Everpure Inc
P
$34.5B
| $7.36M | 0.01% |
434,400
+200,000
| +85% | +$3.14M |
|
1028
STAG Industrial
STAG
$7.05B
| $7.35M | 0.01% |
249,207
+87,961
| +55% | +$2.61M |
|
|
BCPC
1029
Balchem Corp
BCPC
$5.69B
| $7.34M | 0.01% |
74,036
+12,979
| +21% | +$1.24M |
|
1030
Iridium Communications
IRDM
$5.18B
| $7.34M | 0.01% |
344,888
+25,263
| +8% | +$602K |
|
|
CADE
1031
DELISTED
Cadence Bank
CADE
| $7.32M | 0.01% |
247,081
+81,174
| +49% | +$2.32M |
|
1032
Simpson Manufacturing
SSD
$8.06B
| $7.31M | 0.01% |
105,373
+32,768
| +45% | +$2.13M |
|
1033
Valmont Industries
VMI
$9.61B
| $7.3M | 0.01% |
52,736
+6,710
| +15% | +$901K |
|
1034
Ormat Technologies
ORA
$7.06B
| $7.3M | 0.01% |
98,252
+53,674
| +120% | +$3.7M |
|
1035
3D Systems Corp
DDD
$626M
| $7.27M | 0.01% |
892,300
+74,006
| +9% | +$597K |
|
|
JBTM
1036
JBT Marel
JBTM
$6.37B
| $7.27M | 0.01% |
73,132
+19,947
| +38% | +$2.2M |
|
1037
White Mountains Insurance
WTM
$5.03B
| $7.23M | 0.01% |
6,692
+5,019
| +300% | +$5.35M |
|
1038
Herbalife
HLF
$1.22B
| $7.22M | 0.01% |
190,590
+17,084
| +10% | +$667K |
|
1039
KB Home
KBH
$3.51B
| $7.17M | 0.01% |
211,030
+36,247
| +21% | +$1.01M |
|
1040
The Ensign Group
ENSG
$10.6B
| $7.16M | 0.01% |
161,449
+64,055
| +66% | +$3.17M |
|
|
INVX
1041
Innovex International
INVX
$2.06B
| $7.16M | 0.01% |
142,687
+19,900
| +16% | +$971K |
|
|
MFA
1042
MFA Financial
MFA
$929M
| $7.16M | 0.01% |
243,104
+86,289
| +55% | +$2.51M |
|
1043
Floor & Decor
FND
$6.41B
| $7.14M | 0.01% |
139,671
+68,871
| +97% | +$3.09M |
|
1044
Paylocity
PCTY
$7.73B
| $7.14M | 0.01% |
73,143
+29,385
| +67% | +$3.01M |
|
|
AGR
1045
DELISTED
Avangrid, Inc.
AGR
| $7.13M | 0.01% |
136,373
+10,183
| +8% | +$512K |
|
1046
ACI Worldwide
ACIW
$5.32B
| $7.11M | 0.01% |
226,853
+23,116
| +11% | +$733K |
|
1047
Ubiquiti
UI
$34.7B
| $7.11M | 0.01% |
60,088
+1,924
| +3% | +$233K |
|
1048
Vishay Intertechnology
VSH
$5.13B
| $7.08M | 0.01% |
418,251
+60,237
| +17% | +$989K |
|
1049
Globant
GLOB
$1.71B
| $7.08M | 0.01% |
77,255
+18,168
| +31% | +$1.8M |
|
1050
FS KKR Capital
FSK
$3.38B
| $7.07M | 0.01% |
303,187
+99,632
| +49% | +$2.34M |
|
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.