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 | |
|---|---|---|---|---|---|---|
1376
Carlyle Secured Lending
CGBD
$782M
| $372K | ﹤0.01% |
28,196
-87,204
| -76% | -$1.19M |
|
1377
Horizon Bancorp
HBNC
$1.05B
| $371K | ﹤0.01% |
21,257
-65,743
| -76% | -$1.2M |
|
|
MRC
1378
DELISTED
MRC Global
MRC
| $367K | ﹤0.01% |
39,069
-120,831
| -76% | -$1.23M |
|
|
ABTX
1379
DELISTED
Allegiance Bancshares
ABTX
| $362K | ﹤0.01% |
9,406
-29,094
| -76% | -$1.17M |
|
1380
HealthStream
HSTM
$849M
| $360K | ﹤0.01% |
12,900
-39,900
| -76% | -$1M |
|
|
SRDX
1381
DELISTED
Surmodics
SRDX
| $359K | ﹤0.01% |
6,621
-20,479
| -76% | -$1.12M |
|
1382
Camden National
CAC
$996M
| $355K | ﹤0.01% |
7,427
-22,451
| -75% | -$1.07M |
|
1383
Scansource
SCSC
$1.06B
| $355K | ﹤0.01% |
12,632
-39,068
| -76% | -$1.16M |
|
1384
QCR Holdings
QCRH
$1.75B
| $354K | ﹤0.01% |
7,354
-22,746
| -76% | -$1.09M |
|
|
SP
1385
DELISTED
SP Plus Corporation
SP
| $350K | ﹤0.01% |
11,434
-35,366
| -76% | -$1.16M |
|
1386
Bain Capital Specialty
BCSF
$821M
| $340K | ﹤0.01% |
22,234
-68,766
| -76% | -$1.08M |
|
1387
Nicolet Bankshares
NIC
$3.73B
| $330K | ﹤0.01% |
4,691
-14,509
| -76% | -$1.13M |
|
1388
BrightView Holdings
BV
$1.08B
| $328K | ﹤0.01% |
20,328
-62,872
| -76% | -$1.1M |
|
|
CFB
1389
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $328K | ﹤0.01% |
23,822
-72,406
| -75% | -$1.05M |
|
|
TRST
1390
Trustco Bank Corp NY
TRST
$971M
| $326K | ﹤0.01% |
9,470
-29,290
| -76% | -$1.08M |
|
|
HTBK
1391
DELISTED
Heritage Commerce
HTBK
| $320K | ﹤0.01% |
28,782
-89,018
| -76% | -$1.06M |
|
1392
Community Trust Bancorp
CTBI
$1.44B
| $315K | ﹤0.01% |
7,794
-24,106
| -76% | -$1.06M |
|
1393
Hawkins
HWKN
$2.67B
| $315K | ﹤0.01% |
9,626
-29,774
| -76% | -$986K |
|
1394
NRC Health Common Stock
NRC
$471M
| $307K | ﹤0.01% |
6,694
-19,469
| -74% | -$926K |
|
1395
Gorman-Rupp
GRC
$2.11B
| $305K | ﹤0.01% |
8,845
-27,355
| -76% | -$952K |
|
1396
Carriage Services
CSV
$555M
| $304K | ﹤0.01% |
8,234
-25,466
| -76% | -$950K |
|
1397
Luxfer Holdings
LXFR
$457M
| $301K | ﹤0.01% |
13,524
-45,276
| -77% | -$984K |
|
|
WTRE
1398
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $301K | ﹤0.01% |
8,600
-26,600
| -76% | -$927K |
|
1399
Insteel Industries
IIIN
$634M
| $296K | ﹤0.01% |
9,211
-28,489
| -76% | -$984K |
|
1400
First Mid Bancshares
FMBH
$1.39B
| $294K | ﹤0.01% |
7,256
-22,444
| -76% | -$970K |
|
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.