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 | |
|---|---|---|---|---|---|---|
1351
Heritage Financial
HFWA
$1.23B
| $448K | ﹤0.01% |
17,909
-55,391
| -76% | -$1.54M |
|
1352
Washington Trust Bancorp
WASH
$767M
| $439K | ﹤0.01% |
8,551
-26,449
| -76% | -$1.39M |
|
1353
Seaboard Corp
SEB
$4.08B
| $437K | ﹤0.01% |
113
-387
| -77% | -$1.45M |
|
1354
Preferred Bank
PFBC
$1.28B
| $436K | ﹤0.01% |
6,890
-21,310
| -76% | -$1.42M |
|
1355
National Healthcare
NHC
$3.44B
| $435K | ﹤0.01% |
6,230
-19,256
| -76% | -$1.4M |
|
|
LBAI
1356
DELISTED
Lakeland Bancorp Inc
LBAI
| $427K | ﹤0.01% |
24,433
-75,567
| -76% | -$1.37M |
|
1357
Columbia Financial
CLBK
$1.22B
| $422K | ﹤0.01% |
24,482
-75,718
| -76% | -$1.33M |
|
1358
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $420K | ﹤0.01% |
15,127
-46,787
| -76% | -$1.28M |
|
|
BMTC
1359
DELISTED
Bryn Mawr Bank Corp
BMTC
| $417K | ﹤0.01% |
9,895
-30,605
| -76% | -$1.4M |
|
|
CTLP
1360
DELISTED
Cantaloupe
CTLP
| $403K | ﹤0.01% |
33,962
-105,038
| -76% | -$1.23M |
|
|
BRSP
1361
BrightSpire Capital
BRSP
$629M
| $396K | ﹤0.01% |
42,147
-130,353
| -76% | -$1.2M |
|
|
UHT
1362
Universal Health Realty Income Trust
UHT
$573M
| $396K | ﹤0.01% |
6,426
-19,874
| -76% | -$1.34M |
|
|
NFBK
1363
DELISTED
Northfield Bancorp
NFBK
| $389K | ﹤0.01% |
23,700
-73,300
| -76% | -$1.21M |
|
1364
Compass Diversified
CODI
$924M
| $387K | ﹤0.01% |
15,169
-93,921
| -86% | -$2.37M |
|
1365
John B. Sanfilippo & Son
JBSS
$1.01B
| $387K | ﹤0.01% |
4,373
-13,527
| -76% | -$1.23M |
|
|
NFH
1366
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| $386K | ﹤0.01% |
34,563
-131,609
| -79% | -$1.48M |
|
1367
Stoneridge
SRI
$201M
| $385K | ﹤0.01% |
13,047
-40,353
| -76% | -$1.28M |
|
|
FBMS
1368
DELISTED
The First Bancshares, Inc.
FBMS
| $384K | ﹤0.01% |
10,262
-31,539
| -75% | -$1.22M |
|
1369
1st Source
SRCE
$2.13B
| $381K | ﹤0.01% |
8,209
-25,391
| -76% | -$1.22M |
|
|
AHRT
1370
AH Realty Trust
AHRT
$506M
| $380K | ﹤0.01% |
28,587
-88,413
| -76% | -$1.19M |
|
1371
Myers Industries
MYE
$1.25B
| $378K | ﹤0.01% |
18,007
-55,693
| -76% | -$1.19M |
|
1372
Univest Financial
UVSP
$1.19B
| $378K | ﹤0.01% |
14,318
-44,282
| -76% | -$1.24M |
|
|
CCF
1373
DELISTED
Chase Corporation
CCF
| $376K | ﹤0.01% |
3,665
-11,132
| -75% | -$1.23M |
|
1374
Orthofix Medical
OFIX
$415M
| $374K | ﹤0.01% |
9,333
-28,867
| -76% | -$1.22M |
|
1375
SLR Investment Corp
SLRC
$711M
| $373K | ﹤0.01% |
19,986
-61,814
| -76% | -$1.16M |
|
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.