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 | |
|---|---|---|---|---|---|---|
1101
Editas Medicine
EDIT
$453M
| $8.51M | 0.01% |
150,245
-83,916
| -36% | -$3.1M |
|
1102
New Jersey Resources
NJR
$5.55B
| $8.49M | 0.01% |
214,600
-98,162
| -31% | -$4.15M |
|
1103
Xerox
XRX
$423M
| $8.48M | 0.01% |
360,925
-38,388
| -10% | -$928K |
|
1104
LivaNova
LIVN
$4.33B
| $8.48M | 0.01% |
100,767
-11,552
| -10% | -$951K |
|
1105
Spectrum Brands
SPB
$2.02B
| $8.47M | 0.01% |
99,597
-1,138
| -1% | -$100K |
|
|
PCH
1106
DELISTED
PotlatchDeltic
PCH
| $8.47M | 0.01% |
159,342
-10,931
| -6% | -$630K |
|
|
STMP
1107
DELISTED
Stamps.com, Inc.
STMP
| $8.46M | 0.01% |
42,233
-20,403
| -33% | -$4M |
|
|
ONEM
1108
DELISTED
1Life Healthcare
ONEM
| $8.44M | 0.01% |
255,386
+54,022
| +27% | +$2.04M |
|
1109
Brink's
BCO
$4.69B
| $8.44M | 0.01% |
109,781
-4,764
| -4% | -$370K |
|
1110
First Hawaiian
FHB
$3.34B
| $8.42M | 0.01% |
297,097
-22,127
| -7% | -$620K |
|
1111
Rogers Corp
ROG
$2.41B
| $8.4M | 0.01% |
41,860
-3,899
| -9% | -$745K |
|
1112
Blackbaud
BLKB
$2.06B
| $8.33M | 0.01% |
108,778
-3,385
| -3% | -$244K |
|
1113
Franklin Electric
FELE
$4.77B
| $8.32M | 0.01% |
103,232
-2,498
| -2% | -$205K |
|
1114
Sensient Technologies
SXT
$5.61B
| $8.26M | 0.01% |
95,439
-3,160
| -3% | -$268K |
|
1115
Magnite
MGNI
$3.49B
| $8.26M | 0.01% |
243,975
-24,988
| -9% | -$847K |
|
1116
Under Armour Class C
UA
$2.23B
| $8.24M | 0.01% |
443,812
+26,474
| +6% | +$499K |
|
1117
Liberty Broadband Class A
LBRDA
$5.33B
| $8.22M | 0.01% |
48,856
-31,012
| -39% | -$4.85M |
|
|
ALE
1118
DELISTED
Allete
ALE
| $8.2M | 0.01% |
117,206
-60,222
| -34% | -$4.2M |
|
|
NEWR
1119
DELISTED
New Relic, Inc.
NEWR
| $8.19M | 0.01% |
122,273
-58,319
| -32% | -$3.75M |
|
1120
Spire
SR
$4.87B
| $8.19M | 0.01% |
113,292
-2,591
| -2% | -$193K |
|
1121
Ambarella
AMBA
$3.64B
| $8.14M | 0.01% |
76,342
-3,539
| -4% | -$350K |
|
|
TRTN
1122
DELISTED
Triton International Limited
TRTN
| $8.13M | 0.01% |
155,309
-185
| -0.1% | -$9.8K |
|
1123
Kirby Corp
KEX
$7B
| $8.13M | 0.01% |
133,991
-5,205
| -4% | -$335K |
|
|
MZTI
1124
The Marzetti Company
MZTI
$3.15B
| $8.07M | 0.01% |
41,727
-1,247
| -3% | -$234K |
|
1125
Cracker Barrel
CBRL
$1.25B
| $8.05M | 0.01% |
54,255
-273
| -0.5% | -$43.9K |
|
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.