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 | |
|---|---|---|---|---|---|---|
1401
Great Southern Bancorp
GSBC
$888M
| $294K | ﹤0.01% |
5,448
-16,852
| -76% | -$945K |
|
1402
York Water
YORW
$536M
| $293K | ﹤0.01% |
6,474
-20,026
| -76% | -$994K |
|
1403
The RMR Group
RMR
$346M
| $292K | ﹤0.01% |
7,550
-23,350
| -76% | -$930K |
|
1404
Cass Information Systems
CASS
$750M
| $291K | ﹤0.01% |
7,134
-22,066
| -76% | -$993K |
|
1405
United Fire Group
UFCS
$1.38B
| $291K | ﹤0.01% |
10,482
-32,418
| -76% | -$1.01M |
|
|
NWLI
1406
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $291K | ﹤0.01% |
1,295
-3,794
| -75% | -$905K |
|
|
FFIC
1407
DELISTED
Flushing Financial
FFIC
| $289K | ﹤0.01% |
13,487
-41,713
| -76% | -$942K |
|
1408
Midland States Bancorp
MSBI
$698M
| $288K | ﹤0.01% |
10,946
-33,854
| -76% | -$940K |
|
|
UBA
1409
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $287K | ﹤0.01% |
14,806
-45,794
| -76% | -$846K |
|
1410
Winmark
WINA
$1.26B
| $286K | ﹤0.01% |
1,490
-4,610
| -76% | -$896K |
|
|
TGP
1411
DELISTED
Teekay LNG Partners L.P.
TGP
| $282K | ﹤0.01% |
18,661
-89,339
| -83% | -$1.36M |
|
|
TSC
1412
DELISTED
TriState Capital Holdings, Inc.
TSC
| $278K | ﹤0.01% |
13,658
-42,242
| -76% | -$963K |
|
|
XENT
1413
DELISTED
Intersect ENT, Inc
XENT
| $278K | ﹤0.01% |
16,248
-50,252
| -76% | -$941K |
|
|
THR
1414
DELISTED
Thermon Group Holdings
THR
| $277K | ﹤0.01% |
16,272
-50,328
| -76% | -$936K |
|
1415
Peapack-Gladstone Financial
PGC
$822M
| $276K | ﹤0.01% |
8,876
-28,424
| -76% | -$917K |
|
1416
Ennis
EBF
$559M
| $274K | ﹤0.01% |
12,729
-39,371
| -76% | -$832K |
|
|
FSP
1417
Franklin Street Properties
FSP
$46.4M
| $274K | ﹤0.01% |
52,092
-161,108
| -76% | -$865K |
|
1418
Barrett Business Services
BBSI
$800M
| $273K | ﹤0.01% |
15,048
-46,552
| -76% | -$852K |
|
1419
German American Bancorp
GABC
$1.92B
| $272K | ﹤0.01% |
7,303
-41,662
| -85% | -$1.75M |
|
1420
Peoples Bancorp
PEBO
$1.49B
| $271K | ﹤0.01% |
9,162
-28,338
| -76% | -$922K |
|
|
BFS
1421
Saul Centers
BFS
$865M
| $269K | ﹤0.01% |
5,913
-18,287
| -76% | -$794K |
|
1422
Dorchester Minerals
DMLP
$1.35B
| $267K | ﹤0.01% |
15,832
-44,385
| -74% | -$676K |
|
1423
Ituran Location and Control
ITRN
$1.06B
| $266K | ﹤0.01% |
9,749
-29,055
| -75% | -$691K |
|
1424
Seneca Foods Class A
SENEA
$1.31B
| $266K | ﹤0.01% |
5,204
-16,096
| -76% | -$777K |
|
|
CIO
1425
DELISTED
City Office REIT
CIO
| $265K | ﹤0.01% |
21,281
-65,819
| -76% | -$762K |
|
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.