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 | |
|---|---|---|---|---|---|---|
1076
Sabre
SABR
$892M
| $9.99M | 0.01% |
674,398
-141,583
| -17% | -$1.92M |
|
1077
Advanced Energy
AEIS
$13.2B
| $9.96M | 0.01% |
91,246
-4,797
| -5% | -$520K |
|
1078
RLI Corp
RLI
$5.87B
| $9.96M | 0.01% |
178,542
-20,108
| -10% | -$1.07M |
|
1079
Avnet
AVT
$7.87B
| $9.96M | 0.01% |
239,890
-26,864
| -10% | -$1.04M |
|
|
PINC
1080
DELISTED
Premier
PINC
| $9.95M | 0.01% |
293,801
-7,134
| -2% | -$247K |
|
1081
ICU Medical
ICUI
$4.58B
| $9.92M | 0.01% |
48,275
-977
| -2% | -$206K |
|
1082
nVent Electric
NVT
$27.5B
| $9.9M | 0.01% |
354,710
-39,120
| -10% | -$1M |
|
1083
Avient
AVNT
$4.23B
| $9.89M | 0.01% |
209,182
-22,113
| -10% | -$986K |
|
1084
Vroom Inc
VRM
$54M
| $9.89M | 0.01% |
3,169
+2,547
| +409% | +$8.25M |
|
1085
Carter's
CRI
$1.44B
| $9.88M | 0.01% |
111,081
-2,631
| -2% | -$243K |
|
|
JWN
1086
DELISTED
Nordstrom
JWN
| $9.85M | 0.01% |
260,111
+11,441
| +5% | +$423K |
|
|
ARNA
1087
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $9.85M | 0.01% |
141,934
-4,028
| -3% | -$310K |
|
1088
Agree Realty
ADC
$9.34B
| $9.85M | 0.01% |
146,282
+9,330
| +7% | +$609K |
|
1089
Editas Medicine
EDIT
$432M
| $9.84M | 0.01% |
234,161
+80,810
| +53% | +$4.6M |
|
|
SNBR
1090
DELISTED
Sleep Number
SNBR
| $9.82M | 0.01% |
68,461
+6,214
| +10% | +$746K |
|
1091
Pegasystems
PEGA
$5.51B
| $9.78M | 0.01% |
171,114
-23,190
| -12% | -$1.52M |
|
|
SWAV
1092
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $9.77M | 0.01% |
75,012
+8,048
| +12% | +$965K |
|
1093
Selective Insurance
SIGI
$5.59B
| $9.76M | 0.01% |
134,591
-13,807
| -9% | -$961K |
|
1094
Rayonier
RYN
$6.54B
| $9.76M | 0.01% |
333,605
-31,574
| -9% | -$931K |
|
1095
Blue Owl Capital
OBDC
$5.87B
| $9.76M | 0.01% |
708,699
-144,345
| -17% | -$1.96M |
|
1096
ONE Gas
OGS
$5.09B
| $9.75M | 0.01% |
126,753
-3,661
| -3% | -$267K |
|
|
TXNM
1097
TXNM Energy Inc
TXNM
$5.91B
| $9.75M | 0.01% |
198,693
-5,261
| -3% | -$255K |
|
|
PRSP
1098
DELISTED
Perspecta Inc. Common Stock
PRSP
| $9.73M | 0.01% |
334,863
-37,345
| -10% | -$1.05M |
|
1099
Ryder
R
$10.1B
| $9.7M | 0.01% |
128,278
-14,687
| -10% | -$1.02M |
|
1100
Xerox
XRX
$412M
| $9.69M | 0.01% |
399,313
-41,636
| -9% | -$995K |
|
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.