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 | |
|---|---|---|---|---|---|---|
|
TMHC
1176
DELISTED
Taylor Morrison
TMHC
| $5.96M | 0.01% |
229,818
+95,860
| +72% | +$2.21M |
|
1177
Monro
MNRO
$365M
| $5.96M | 0.01% |
75,405
+8,401
| +13% | +$673K |
|
|
AEL
1178
DELISTED
American Equity Investment Life Holding Company
AEL
| $5.95M | 0.01% |
246,044
+94,326
| +62% | +$2.28M |
|
1179
Elastic
ESTC
$7.94B
| $5.94M | 0.01% |
72,112
+55,705
| +340% | +$4.95M |
|
1180
Azenta
AZTA
$1.54B
| $5.94M | 0.01% |
160,336
+27,771
| +21% | +$1.01M |
|
|
SAVE
1181
DELISTED
Spirit Airlines, Inc.
SAVE
| $5.94M | 0.01% |
163,545
+40,900
| +33% | +$1.72M |
|
1182
ABM Industries
ABM
$2.83B
| $5.93M | 0.01% |
163,338
+64,570
| +65% | +$2.51M |
|
1183
Columbia Banking Systems
COLB
$8.97B
| $5.91M | 0.01% |
160,246
+52,728
| +49% | +$1.88M |
|
|
AVLR
1184
DELISTED
Avalara, Inc.
AVLR
| $5.91M | 0.01% |
87,880
+67,280
| +327% | +$5.44M |
|
1185
Korn Ferry
KFY
$4.25B
| $5.9M | 0.01% |
152,615
+37,982
| +33% | +$1.47M |
|
1186
CNO Financial Group
CNO
$5.05B
| $5.89M | 0.01% |
372,053
-35,340
| -9% | -$559K |
|
1187
First Merchants
FRME
$2.69B
| $5.89M | 0.01% |
156,411
+52,221
| +50% | +$1.95M |
|
|
PGRE
1188
DELISTED
Paramount Group
PGRE
| $5.88M | 0.01% |
440,193
+173,347
| +65% | +$2.34M |
|
|
THS
1189
DELISTED
Treehouse Foods
THS
| $5.87M | 0.01% |
105,886
+18,256
| +21% | +$1M |
|
|
CBPO
1190
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $5.87M | 0.01% |
51,288
+20,047
| +64% | +$1.99M |
|
1191
Ollie's Bargain Outlet
OLLI
$4.76B
| $5.86M | 0.01% |
100,000
+3,787
| +4% | +$284K |
|
|
AIMC
1192
DELISTED
Altra Industrial Motion Corp
AIMC
| $5.86M | 0.01% |
211,717
+16,887
| +9% | +$483K |
|
|
WORK
1193
DELISTED
Slack Technologies, Inc.
WORK
| $5.86M | 0.01% |
+247,013
| New | +$7.48M |
|
1194
Photronics
PLAB
$1.95B
| $5.85M | 0.01% |
537,793
+28,477
| +6% | +$275K |
|
|
DCP
1195
DELISTED
DCP Midstream, LP
DCP
| $5.84M | 0.01% |
222,883
+97,645
| +78% | +$2.66M |
|
|
NGHC
1196
DELISTED
National General Holdings Corp
NGHC
| $5.83M | 0.01% |
253,415
+34,303
| +16% | +$807K |
|
1197
Quaker Houghton
KWR
$2.94B
| $5.83M | 0.01% |
36,837
+5,208
| +16% | +$892K |
|
1198
Insight Enterprises
NSIT
$4.43B
| $5.81M | 0.01% |
104,395
+10,710
| +11% | +$566K |
|
1199
Evertec
EVTC
$1.76B
| $5.8M | 0.01% |
185,899
+26,826
| +17% | +$899K |
|
|
ENV
1200
DELISTED
ENVESTNET, INC.
ENV
| $5.79M | 0.01% |
102,079
+56,052
| +122% | +$3.54M |
|
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.