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 | |
|---|---|---|---|---|---|---|
|
BZUN
1201
Baozun
BZUN
$169M
| $4.52M | ﹤0.01% |
127,613
+10,877
| +9% | +$383K |
|
|
JKS
1202
JinkoSolar
JKS
$873M
| $4.34M | ﹤0.01% |
77,496
+486
| +0.6% | +$18.6K |
|
1203
Gaotu Techedu
GOTU
$429M
| $4.31M | ﹤0.01% |
291,651
+193,077
| +196% | +$4.3M |
|
1204
iRhythm Holdings
IRTC
$4.02B
| $3.91M | ﹤0.01% |
58,892
-8,608
| -13% | -$682K |
|
|
DADA
1205
DELISTED
Dada Nexus
DADA
| $3.65M | ﹤0.01% |
125,806
+79,226
| +170% | +$2.06M |
|
|
NOAH
1206
Noah Holdings
NOAH
$591M
| $3.57M | ﹤0.01% |
75,648
+1,990
| +3% | +$87.9K |
|
1207
Ascendis Pharma A/S
ASND
$16.7B
| $3.32M | ﹤0.01% |
25,258
-78,118
| -76% | -$10.4M |
|
1208
FS KKR Capital
FSK
$3.39B
| $3.24M | ﹤0.01% |
150,437
-98,062
| -39% | -$2.1M |
|
|
HUYA
1209
Huya Inc
HUYA
$556M
| $3.16M | ﹤0.01% |
178,857
+34,179
| +24% | +$573K |
|
|
LX
1210
LexinFintech Holdings
LX
$242M
| $3.04M | ﹤0.01% |
247,760
+5,323
| +2% | +$53.9K |
|
|
NIU
1211
Niu Technologies
NIU
$157M
| $3.01M | ﹤0.01% |
92,122
+32,220
| +54% | +$1.07M |
|
|
OCFT
1212
DELISTED
OneConnect Financial Technology
OCFT
| $2.65M | ﹤0.01% |
22,053
+10,791
| +96% | +$1.55M |
|
1213
Blue Owl Capital
OBDC
$5.76B
| $2.49M | ﹤0.01% |
174,279
-534,420
| -75% | -$7.68M |
|
1214
Brookfield Infrastructure Partners
BIP
$18.1B
| $2.44M | ﹤0.01% |
65,915
-736,144
| -92% | -$26.6M |
|
|
DOYU
1215
DouYu International Holdings
DOYU
$139M
| $2.26M | ﹤0.01% |
33,056
+12,943
| +64% | +$1.11M |
|
|
WNS
1216
DELISTED
WNS Holdings
WNS
| $2.19M | ﹤0.01% |
27,464
-77,550
| -74% | -$5.76M |
|
1217
Korn Ferry
KFY
$4.25B
| $2.03M | ﹤0.01% |
28,022
-86,668
| -76% | -$5.76M |
|
1218
EXL Service
EXLS
$5.29B
| $2.02M | ﹤0.01% |
95,100
-294,125
| -76% | -$5.84M |
|
|
HOLI
1219
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $2.02M | ﹤0.01% |
135,489
-2,280
| -2% | -$30.7K |
|
1220
Applied Industrial Technologies
AIT
$13B
| $1.97M | ﹤0.01% |
21,647
-66,952
| -76% | -$6.39M |
|
1221
Hancock Whitney
HWC
$6.28B
| $1.92M | ﹤0.01% |
43,126
-133,379
| -76% | -$6.2M |
|
1222
Brookfield Renewable
BEP
$10.3B
| $1.86M | ﹤0.01% |
48,349
-322,511
| -87% | -$12.8M |
|
1223
Cathay General Bancorp
CATY
$4.25B
| $1.83M | ﹤0.01% |
46,461
-143,696
| -76% | -$5.92M |
|
1224
Fabrinet
FN
$18.8B
| $1.76M | ﹤0.01% |
18,373
-56,825
| -76% | -$5.08M |
|
1225
Merit Medical Systems
MMSI
$5.44B
| $1.74M | ﹤0.01% |
26,872
-83,109
| -76% | -$5.14M |
|
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.