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 | |
|---|---|---|---|---|---|---|
|
ACBI
1426
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $264K | ﹤0.01% |
10,387
-32,713
| -76% | -$865K |
|
|
KE
1427
Kimball Electronics
KE
$626M
| $261K | ﹤0.01% |
11,996
-37,104
| -76% | -$836K |
|
1428
National Presto Industries
NPK
$987M
| $258K | ﹤0.01% |
2,541
-7,859
| -76% | -$810K |
|
|
CATC
1429
DELISTED
CAMBRIDGE BANCORP
CATC
| $258K | ﹤0.01% |
3,112
-9,256
| -75% | -$790K |
|
|
NM
1430
DELISTED
Navios Maritime Holdings Inc.
NM
| $254K | ﹤0.01% |
27,783
-85,929
| -76% | -$745K |
|
|
GTS
1431
DELISTED
Triple-S Management Corporation
GTS
| $254K | ﹤0.01% |
11,386
-35,214
| -76% | -$874K |
|
1432
ATN International
ATNI
$491M
| $253K | ﹤0.01% |
5,570
-17,230
| -76% | -$821K |
|
1433
REX American Resources
REX
$1.44B
| $253K | ﹤0.01% |
16,854
-52,146
| -76% | -$758K |
|
1434
American Vanguard Corp
AVD
$62.8M
| $250K | ﹤0.01% |
14,293
-44,207
| -76% | -$839K |
|
1435
Forrester Research
FORR
$224M
| $248K | ﹤0.01% |
5,424
-16,776
| -76% | -$724K |
|
1436
Tidewater
TDW
$4.55B
| $246K | ﹤0.01% |
20,450
-63,250
| -76% | -$840K |
|
1437
Arrow Financial
AROW
$723M
| $243K | ﹤0.01% |
7,396
-21,077
| -74% | -$692K |
|
|
FLIC
1438
DELISTED
First of Long Island Corp
FLIC
| $240K | ﹤0.01% |
11,312
-34,988
| -76% | -$767K |
|
1439
Financial Institutions
FISI
$825M
| $238K | ﹤0.01% |
7,940
-24,560
| -76% | -$767K |
|
1440
Mercantile Bank Corp
MBWM
$1.06B
| $238K | ﹤0.01% |
7,867
-24,287
| -76% | -$774K |
|
|
MSB
1441
Mesabi Trust
MSB
$305M
| $235K | ﹤0.01% |
6,646
-19,966
| -75% | -$722K |
|
|
DHIL
1442
DELISTED
Diamond Hill
DHIL
| $232K | ﹤0.01% |
1,385
-4,915
| -78% | -$842K |
|
1443
Independent Bank Corp
IBCP
$854M
| $229K | ﹤0.01% |
10,555
-32,645
| -76% | -$753K |
|
1444
Greif Class B
GEF.B
$4.22B
| $227K | ﹤0.01% |
3,843
-11,391
| -75% | -$686K |
|
|
OLP
1445
One Liberty Properties
OLP
$537M
| $227K | ﹤0.01% |
8,013
-24,782
| -76% | -$641K |
|
|
HCCI
1446
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $226K | ﹤0.01% |
7,623
-23,577
| -76% | -$698K |
|
1447
GeoPark
GPRK
$608M
| $225K | ﹤0.01% |
17,763
-54,937
| -76% | -$839K |
|
1448
Republic Bancorp
RBCAA
$1.92B
| $224K | ﹤0.01% |
4,862
-15,038
| -76% | -$687K |
|
1449
Equity Bancshares
EQBK
$1.07B
| $223K | ﹤0.01% |
7,330
-20,760
| -74% | -$636K |
|
1450
Waterstone Financial
WSBF
$385M
| $222K | ﹤0.01% |
11,312
-34,988
| -76% | -$703K |
|
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.